Cent Samvridhi Current Account

Type of Account	Current Account
Eligibility	As per prevailing norms
Mode of holding A/c	As per prevailing norms
Rate of interest and frequency	NIL
Auto-sweep facility	Yes available.
Core Deposit / Threshold Deposit	Rs 2,00,000.00
Minimum Balance	Quarterly average balance of Rs 2,00,000.00
Initial FD amount	Rs 25,000.00 and thereafter in multiples of Rs 25,000.00
Sweep out procedure	Amount will be swept-out to FD in a unit of Rs 25,000.00 and multiples thereon
Sweep out periodicity (From CD to FD account)	Daily
Min Deposit period	7 days
Max Deposit Period	90 days. Fixed Deposit will be auto renewed on maturity with principal amount & interest credited to the linked Current account.
Rate of Interest on Fixed Deposit	Rate of Interest on Fixed Deposit as applicable to the relevant deposit period. Additional interest rate benefit to Senior citizen @ 0.50% on fixed deposit. No additional benefit to Staff / Ex-staff and Senior Citizen. On sweep-in : units will attract interest rate applicable to deposit period.
Sweep-in	Daily in multiple of Rs 25,000.00
Sweep-in Method	LIFO (LAST IN FIRST OUT)
Facilities / privileges available	Issuance of cheque Book: 50 leaves cheque book free per quarter. Free Balance certificate, Free signature verification. Email statement of account once per month free. Free Net Banking fee 50% concession on folio charges 50% concession in services charges for cash deposit at non home branch 50% concession in service charges/ commission for DD/BC Credit Card : First year free of chares. Limited to two partners/two directors/upto two persons of other bodies authorized to operate the account 50% waiver of processing fees on car loan in the name of the proprietor/ firm/company 20% concession in locker rent, if rent is paid in advance for three years and above in lump sum All other charges as per prevailing rules
Penalties	Premature encashment of Fixed Deposit: Penalty as per the prevailing rule Penalty for non-maintenance of Minimum balance: Rs 300
Loan Facility	No