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- PNB SF Prudent Sweep For The Accounts Of Institutions
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Parameters |
Variants |
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Standard |
Classic |
Advantage |
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Eligibility |
Accounts can be opened as per RBI directives for opening Saving Fund Accounts of eligible INSTITUTIONS. |
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Minimum Quarterly Average Balance |
Rs. 1.00 Lakh |
Rs. 5.00 Lakh |
Rs.10.00 Lakh |
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Minimum Quarterly Average Balance |
Rs. 1.00 Lakh |
Rs. 5.00 Lakh |
Rs.10.00 Lakh |
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Charges for not maintaining Quarterly Average Balance |
Rs.400/- per quarter |
Rs.1000/- per quarter |
Rs.1500/- per quarter |
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Minimum Balance for Sweep in and Sweep out facility |
Rs.5.00 Lakh |
Rs.8.00 Lakh |
Rs.10.00 Lakh |
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Sweep-in and Sweep out in multiples of |
Rs.1.00 Lakh |
Rs.1.00 Lakh |
Rs.1.00 Lakh |
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Frequency of Sweep |
Every Tuesday. If Tuesday is holiday, then on next working day. |
Every Tuesday. If Tuesday is holiday, then on next working day. |
Every Tuesday. If Tuesday is holiday, then on next working day. |
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Period of FFD |
7 days to 90 days |
46 days to 180 days |
46 days to 1 year |
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Concession in Cash Deposit Charges |
Rs. 1.00 Lakh per day |
Rs.2.00 Lakh per day |
Rs.3.00 Lakh per day |
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Operational Modality |
Debit mandates (clearing/ transfer/ cash) would be executed as under The balance available upto Rs.5,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). |
Debit mandates (clearing/ transfer/ cash) would be executed as under The balance available upto Rs.8,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). |
Debit mandates (clearing/ transfer/ cash) would be executed as under The balance available upto Rs.10,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). |
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Loan/Overdraft Facility |
No Loan / OD against FFD in account. |
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Freebies/Concessions |
· Upto two drafts with maximum amount Rs.25,000/- each in a calendar month. · No NACH charges · No RTGS/NEFT charges. |
· Upto five drafts with maximum amount Rs.50,000/- each in a calendar month. · No NACH charges · No RTGS/NEFT charges. |
· Upto ten drafts with maximum amount Rs.1,00,000/- each in a calendar month.
· No NACH charges · No RTGS/ NEFT charges. |
Other terms and conditions as per General Guidelines.