Power Jyoti Current Account - Open Online Current Account in India | SBI - Business
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.
Purpose
To provide customized fee/funds collection facility for institutions / firms /companies, etc.,through our core banking branches
Features
- Organizations get access to the MIS in desired format.
- Transaction charges:
-
Rs.60/- + GST per challan (upto Rs.1,00,000/-)
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Above Rs.1,00,001/- & above challan amount:
Rs.0.75 per Rs.1000 with minimum of Rs.60/- and maximum of Rs.20,000/- + GST per challan.
-
- Collection made at any Branch will be pooled in one account.
- MAB of Rs. 50000/-.
- Zero Cash Handling Charges
- Nature of Deposit : Current Account
- MAB (Monthly Average Balance) Rs. 50,000/-
- Facility of Collection through INB : Not Available
- Cheque book facility : Not Available
- Penalty for Closing of Account
- Upto 14 days -Nil
- After 14 days -Rs. 1000/- +GST
- 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).
Eligibility
- Any institution / firm/ company, etc.,desirous ofcountrywidecollection offee/funds from multi location outlets.
- For further information on Power Jyoti Account , Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free) , 18004253800 (Toll Free) , 08026599990 (Charges Apply).
Last Updated On : Monday, 27-03-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Current Account

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above