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SV Convenience Current A/c
 

 

SV Convenience Current A/c is an over draft linked current account.
 
  Purpose: Business
 
  Limit: Rs.1 Lakh
 
  Features:
  • Scheme is applicable to existing as well as new customers
  • Free E mail statement facility.
  • Free SMS alerts for ATM card based transactions.
  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 sanctional limit OR
    • Surrender value of LIC Policy equivalent to 50% of sanctioned limit.
  • Compliance of KYC formalities as per RBI guidelines.
  • Firm/Concern to have minimum 2 yrs existence in the market with profits in Business and should be tax payers.
  • AQB of Rs.5000/-
  • Membership Shares: 25
  • Account to be approved after CIBIL search report obtained by SVC.
  • Applicants should have business place on ownership/rental basis.
  • PAMAC verification report of the applicant to be obtained.
 
 
 
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