POWER JYOTI

Power Jyoti Current Account is an exclusive Current Account for the purpose of Collection of funds at all the Branches of SBI along with generation of MIS . The USP of this Current Account is that a Remitter can send funds under the scheme without having an account with SBI. Power Jyoti Current Account is ideal for Institutions , Firms , Educational Institute , Government Bodies etc for the collection of fees / funds / fines etc.


Features , Benefits and Advantages.
  • Organizations get access to the MIS in desired format.
  • Low Transaction fees of Rs. 60/- + GST per transaction.
  • Collection made at any Branch will be pooled in one account.
  • MAB of Rs. 50000/-.
  • Zero Cash Handling Charges

Sr. No.

Particulars

POWER JYOTI

1.

Purpose

To provide customizedfee/funds collectionfacility for

institutions / firms /companies, etc.,through our core

banking branches

2.

Eligibility

Any institution / firm/ company, etc.,desirous ofcountrywidecollection offee/funds from multi

location outlets.

3.

Nature of Deposit

Current Account

4.

MAB (Monthly Average Balance)

Rs. 50,000/-

5.

Transaction Charges

Rs. 60/-  + GST per transaction.

 

6.

Facility of Collection through INB

Not Available

8.

Cheque book facility

Not Available

9.

Penalty for Closing of Account

Upto 14 days -Nil

After 14 days -Rs. 1000/- +GST

10.

Charges for non-maintenance of MAB

Rs. 1000/- + GST

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