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SV BIZNESS@ease is a facility specifically targeted for business class engaged in trade & commerce and also for professionals & Self employed,Proprietor Concern,Partnership Firm, Companies,Individuals etc.
  Purpose: Business
  • Scheme is applicable to existing as well as new customers
  • Account to be reviewed on yearly basis and limits if required with feature of reduction/ enhancement as the case may be.
  • Charges for Non maintenance of AQB Rs. 1000/- per quarter.
  Rate of interest: As stipulated by the bank from time to time.
  Against effect limit: Upto Rs. 5 Lac.
  • 2 Sureties of good means OR
  • 1 Surety and in lieu of other surety.
    • Own deposit equivalent to 50% of sanctional limit. OR
    • Govt securities(Face Value) equivalent to 50% of limit sanctioned. OR
    • Surrender value of liC Policy equivalent to 50% of sanctioned limit.
  • Compliance of KYC formalities as per RBI guidelines.
  • Applicants to have minimum 2 yrs existence in the market with profits in Business and should be tax payers.
  • AQB of Rs.10000/-
  • Membership Shares: 25
  • A/E Facility shall be subject to CIBIL search report obtained by SVC.
  • Applicants should have business place on ownership/rental basis.
  • A/E facility shall also be subject to PAMAC verification report of the applicant.
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