A deposit product combining Current & Fixed deposit account with ‘ sweep-in’ and ‘sweep-out’ facility to take care of withdrawals, if any.

Available at all Fully Computerised branches.

Facility available to Current Deposit Account of Corporates, Proprietorship, Partnership, Individuals, Schools, Colleges and other institutions (other than Banks).

Minimum balance of Rs.2,00,000/- in Current Deposit Account and Rs.30,000/- in Fixed Deposit Account to be maintained initially.

Amount in excess of Rs.2,00,000/- will be transferred to the Fixed Deposit portion in multiples of Rs.30,000/- for a maximum period of 91 days or as specified by the customer (minimum period 15 days, maximum period one year).

To meet urgent requirement of funds in the Current Deposit Account portion, funds in multiples of Rs.30,000/- will be swept-in from Fixed Deposit portion on last-in first-out (LIFO) basis subject to availability of funds

Automatic renewal facility for original tenure of deposit.

Interest will be payable on Fixed Deposit portion only as per maturity period.

Payment before maturity will be allowed without penalty , to meet shortfall if any, subject to availability of fund.

Penalty charges of Rs.500/- per quarter will be levied where the average quarterly balance in Current deposit account falls below the minimum stipulated amount.

TDS as applicable.

Sweep out from current to fixed deposits will only be an 1st & 16th of every month


Other Incentives

Instant transfer of funds between Multi Branch Banking MBB/CBS branches of the Bank.

No charges for remittances through MBB upto Rs.25000/-.

Facility for Multi-City cheques payable at par at all our MBB/CBS centres.

Free pre-printed personalised cheque books.

Multi-City cheque charges at Rs.3/- per cheque leaf will be levied.

Identified eligible customers using continuous stationery cheques will continue to use the same with suitable modification.

6 free remittance - DD / payorder - per quarter up to Rs.50,000/- per transaction.

Collection of crossed cheques from the door-steps of the customers maintaining an average monthly balance of Rs.5 lakh i.e. (balance in Current + Fixed Deposit Account).A monthly charge of Rs.250/- or the actual charges, whichever is higher will be levied.

Commission on upcountry cheques at locations where we have branches upto a total value of Rs.25000/- per month will be waived. However, out of pocket expenses will be charged.

Waiver of folio charges.

Free ATM cards as applicable. Free tele-banking facility wherever available.

Fortnightly statement of accounts will be sent through e-mail to the customers.

Waiver of stop payment charges.

Relationship Manager.


Benefits to Customers

Opportunity to earn higher interest on idle funds in Current Deposit Account in fixed deposit portion.

Automatic renewal facility will take away the botheration for keeping track of various maturity dates.

No loss of interest on account of before maturity penalties.

For the period the Fixed Deposit has run the customer gets the applicable rate of interest.

Facility to earmark amounts for specific purpose in “BOI CURRENT DEPOSIT PLUS ACCOUNT”.

Opportunity to keep the funds liquid and at the same time earn attractive interest on it.


* Conditions Apply