Power Jyoti

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Power Jyoti
Apply Now General Guidelines

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/-)

    • 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).

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General Guidelines

Last Updated On : Monday, 27-03-2023

Interest Rates

8.50%* p.a.

w.e.f. 17.05.2023

*T&C Apply.

 

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