SURBHI Download Form

Surbhi Current Account bundles liquidity with better returns by providing sweep facility as a value added service to Corporates / Institutions / Trusts. Surbhi Current Account provides a scheme with sweep and reverse sweep option to Corporate Liquid Term Deposits (CLTD).


Features , Benefits and Advantages
  • Low Monthly Average Balance :Rs 10000.
  • Free Cash Deposit upto Rs 25000/- per day.
  • UNLIMITED number of Payments and Withdrawal facility options are available at 24000+ Branches across India and Convenience to withdraw and deposit cash at all 24000+ SBI Bank branches.
  • Free Cash Withdrawal from Home Branch.
  • Free access to the Safest, Securest, Fastest Corporate Internet Banking.
  • Free collection through RTGS and NEFT .
  • Free 50 Cheque Leaves in a Financial year.

SURBHI CURRENT ACCOUNT

MAB :

Monthly Average Balance

Rs. 10,000 /-

Nature of Deposit

Savings & Current Account linked to Corporate Liquid Term

Deposit.

 

Period for CLTD

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.

Minimum Amount of deposit to be maintained

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/-

 

Operation of Account

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

Rate of Interest

As applicable for Term Deposit / Special Term Deposit for the tenure the deposit is contracted. No differential rate of interest is applicable

 

 

Corporate Internet Banking

FREE

Monthly

Statement of Current Account

FREE

(First / Original)

Duplicate Statement of Current Account

Rs. 100/- + GST per page (40 entries)

 

 

 

 

Cheque Leaves

 

 

Number of Free Multicity Cheque Leaves

First 50 Multicity cheque leaves free in a financial year.

Cost of Extra Cheque Leaves Above Free Limit

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

 50 Leaf Cheque Book at Rs. 150/- +GST

Transfer of Account to other Branch

FREE

Over Draft Facility

NA

Deposits

 

Cash Deposit

 

( Maximum limit for deposit of cash at Non Home Branch is Rs.2,00,000 per day. Thereafter, Branch Manager of Non Home Branch is vested with discretion to accept more cash.

Deposit of Cash, free of charges within the overall monthly limit would include both Home and Non Home Branch.)

 

 

Free Upto Rs 25000/- per day :

 

Thereafter Rs 0.75 per Rs. 1000/- + GST .   

Min Rs. 50/- + GST

Max Rs. 20,000/- + GST

 

Cash Withdrawal

Home Branch

Free

Non Home Branch : MAX. Rs 1,00,000/- per day) (Self only)

Upto Rs. 50,000 Free.

 

Above Rs. 50,000 and upto Rs. 1,00,000 Rs. 2.50/- + GST per Rs. 1000/-

Min Rs. 50/- + GST per Transaction.

Demand Draft

Upto Rs. 5,000

Rs. 25/- (incl. GST)

Above Rs. 5,000/- upto Rs. 10,000/-

Rs. 50/- (incl. GST)

Above Rs. 10,000/- upto Rs. 1,00,000/-

Rs. 5/-(incl. GST) per 1000/- (Min. 60 incl. GST)

Above Rs. 1,00,000/-

Rs. 4/-(incl. GST) per 1000/- (Min. 600 incl. GST Max 2000/- inc. GST)

Business Debit Card

FREE

ATM/DEBIT CARD (1st Year)

Outstation Cheque Collection

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

NEFT

Through Net Banking/Mobile banking

 

Upto Rs. 10,000 : Rs1/- + GST

Above Rs 10,000/- and upto Rs 1.00 lakh  : Rs 2/- + GST

Above Rs 1.00 lakh and upto Rs 2.00 lakh: Rs 3/- + GST

Above Rs 2.00 lakh Rs 5/- + GST

At Branch

Upto Rs. 10,000 : Rs. 2.5/- + GST

Above Rs 10,000/- and upto Rs 1.00 lakh  : Rs 5/- + GST

Above Rs 1.00 lakh and upto Rs 2.00 lakh: Rs 15/- + GST

Above Rs 2.00 lakh Rs 25/- + GST

RTGS

through Net Banking/Mobile banking

 

From Rs. 2 Lacs to Rs. 5 Lacs : Rs 5/- + GST

Rs. 5 Lacs Above :  Rs. 10/- + GST

At Branch

From Rs. 2 Lacs to Rs. 5 Lacs : Rs 25/- + GST

5 Lacs Above : Rs 50/- + GST

Cash Pickup

Available at Normal Rates

Account Keeping Charges

Rs 550/- + GST

Current Account Closing Charges

Upto 14 days of Opening

Nil

After 14 Days

Rs 1000/- + GST

STANDING INSTRUCTIONS

Setting SI

(At Branch)

Intra Bank

FREE

Inter Bank

Rs 50/- + GST

Other Than Bank Transfer

Processing SI

(At Branch)

Intra Bank

FREE

Inter Bank

Rs 50/- + GST

 

 

 

 

 

Other Than Bank Transfer

MAB Non -Maintenance

Charges per Month

Rs  500/- +GST Per Month

For further information on Surbhi Account , Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free) , 18004253800 (Toll Free) , 08026599990 (Charges Apply).