एस्क्रो चालू खाता

Business Current AccountsSME LoansSME Collection Products
Show More
SME Fixed DepositsSME Government SchemesApply OnlineExternal Benchmark based Lending Rate(EBLR) for MSME LoansOnline Lead StatusContact Details of AGM SMEsList of SME Intensive BranchesDigital collection ProductsDigital LoansLoan Against PropertyTransport Vehicle loansSupply Chain FinanceEnergy Efficient ProductsOther Business Loans
Escrow Current Account

A specialized Current Account Product variant to cater to the escrow requirements of the customers.

Few examples of users of Escrow Accounts:

  • General Purpose Escrow
  • Payment Aggregators
  • Mergers & Acquisitions
  • Lease Rental discounting
  • Trust & Retention accounts
  • Joint Venture (JV) arrangements
  • Project Financing
  • Sale & Purchase
  • Indemnity Transactions
  • Capital Market transactions.
  • e-Commerce & Payment facilitation
  • Regulatory / legal purposes.

Features 

  • Free Monthly Cash Deposit limit: Rs.5,00,000/- per month including Home, Non-Home Branches, CDM/AWDM etc. Beyond free limits cards rates will be applied
  • Cash Deposit Limit at Non- Home Branches Maximum Rs. 5 lacs per day
  • Cheque Book facility: Not allowed.
  • Mode of Deposit: Deposit from all modes/channels are allowed.
  • ATM-Debit Card: Not allowed.
  • CINB: View rights only.
  • SMS Alerts charges: Nil
  • Standing instructions/ECS mandate: Not allowed
  • All other Charges applicable i.e., RTGS/NEFT, DD/BC etc.: As per card rates
  • Statement of account: Monthly free to Escrow related parties as per escrow agreement. 

 Charges

  • Corporate Internet Banking: - Free (View rights only)
  • Statement of Current Account: - (First / Original) Free
  • Duplicate Statement of Current Account: - Rs. 100/- + GST per page (40 entries)
  • NEFT : At Branch: -
    • Up to Rs. 10000: Rs 2.00/- + GST
    • Above Rs 10,000/- and up to Rs 1.00 lakh: Rs 4/- + GST
    • Above Rs 1.00 lakh and up to Rs 2.00 lakh: Rs 12/- + GST
    • Above Rs 2.00 lakh: Rs 20/- + GST
  • RTGS :  At Branch
    • From Rs. 2 Lacs to Rs. 5 Lacs: Rs 20 + GST
    • 5 Lacs Above: Rs. 40 + GST
  • SMS Alerts: - FREE
  • Current Account Closing Charges: Nil
  • Escrow/TRA agreement charges other than loan/advance purpose: 25,000/- + GST (upfront and one time at the time of account opening) and Annual Fee Rs.10,000/- +GST per annum

For further information on Escrow Current Account, Please Contact Nearest SBI Branch or Call – 1800-1234 (Toll Free),1800-2100 (Toll Free),1800112211 (Toll Free) and 18004253800 (Toll Free).

Terms and conditions apply. Current facilities are subject to change.


Last Updated On : Tuesday, 26-11-2024

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links