|
In order to provide value added services to our Personal
Segment customers, a new specialized auto sweep
product for Personal Segment
savings bank customers has been introduced.
| Name of the Scheme |
SAVINGS PLUS |
| Segment |
Applicable only to Personal Segment
deposits including
NRE/NRO
|
| Mode of holding |
Single or Jointly
with E or S |
| Type
of Account |
Savings Bank account with auto
sweep facility to term
deposits.
|
| Minimum
Balance |
Rs. 5000/-
|
Mode of operating
the account |
The
minimum balance to be maintained in the account is
Rs. 5000/- and any amount above Rs. 5000/- will be
transferred to Fixed deposit in multiples of Rs.
5000/-. The Depositor can withdraw the money by cash,
through ATMs, transfer to other accounts, and operate
the account through internet. |
| Special
feature |
The special feature of the deposit
is payment of fixed deposit rate of interest on the
term deposit balance while providing liquidity at
the same time. The scheme is launced at all the branches
of State Bank of Mysore. |
|
|
