The basic features of the new product are outlined below:
The new SB accounts
should be opened with a minimum of Rs.25,000/-.& a minimum monthly
average balance of Rs.25, 000/- will have to be maintained in the
account and a penalty of Rs.100/- p.m.
will be charged for non maintenance of
the prescribed Minimum Average Balance. The account holders of this scheme will
enjoy the following privileges.
i.
Free Demat account (Till the account continues)
ii.
Free ABB facility
iii.
Free Cheque book
iv.
Free Credit Card
v.
Free ATM cum debit Card
vi.
Free Internet Banking facility
vii.
Free Sweep in/sweep out facility
viii.
Free DD/Pay order
upto Rs.25000/- in a month through Transfer mode .
All other charges as applicable will be
recovered.
Auto sweep will be allowed on
balance of over Rs.25,000/- only
in case of linked FFD account.
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