Surbhi Current Account - Open Online Current Account in India | SBI - Business

• Minimum – 12 months
• Maximum – 36 months
• The period of deposit to be fixed by the depositor initially and the same is incorporated in the application form.

• For Current Account – Rs.10,000/-
• For Savings Account – Rs.5,000/-
• But threshold limit for auto sweep would be Rs 1 Lac. For CLTD – Initial deposits would be [ i.e. for the first sweep ]–Rs. 1,00,000/- and subsequent deposits would be in multiples of Rs.10,000/-

• FREE
• ATM/DEBIT CARD (1st Year)

• Upto Rs. 10,000/-: Rs. 50/- +GST
• Above Rs. 10,000/- - upto Rs. 1.00 Lakh : Rs. 100/- +GST
• Above 1.00 Lakh : Rs. 200/- +GST

The balances in the Savings / Current account will be transferred automatically by means of auto sweep facility to term deposit / special deposit account on a weekly basis, whenever there are surplus funds in the account.

• The tenure of deposits will be decided by the depositor at the time of opening the account.
• The threshold limit in the operation account to be maintained will be at Rs.1,00,000/-(The excess amount over and above the said balance will be transferred to Corporate Liquid Term Deposit Account).
• In case of necessity, the depositor may withdraw the amount by means of reverse auto sweep (i.e. breaking the deposit – Last in First Out – LIFO), in multiples of Rs.10,000/- to meet the shortfall and to maintain minimum balance.
• Deposits broken through reverse sweep will be paid interest as per the card rates for such period applicable as at the date of opening of such deposits with penalty as applicable for premature withdrawal as in the case of premature payment of TDR/STDR

• First 50 Multicity cheque leaves free in a financial year.

• Rs. 3/- + GST per cheque leaf. 25 Leaf Cheque Book at Rs. 75/- +GST.
• 50 Leaf Cheque Book at Rs. 150/- +GST