Surbhi Current Account - Open Online Current Account in India | SBI - Business
Surbhi Current Account
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
- 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 22000+ Branches across India and Convenience to withdraw and deposit cash at all 22000+ 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.
- Monthly Average Balance (MAB) : Rs. 10,000 /-
- Nature of Deposit : mSavings & 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/-
- Over Draft Facility : NA
- 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
- Transfer of Account to other Branch : FREE
- 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
- 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
Deposit
- Cash Deposit: Free Upto Rs 25000/- per day :
( 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.)
- 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)
Last Updated On : Wednesday, 12-07-2023

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