• A deposit product combining Current & Short deposit account with ‘ sweep-in’ and ‘sweep-out’ facility to take care of withdrawals, if any.
• Available at all branches.
• Facility available to Current Deposit Account of Corporates, Proprietorship, Partnership, Individuals, Schools, Colleges and other institutions (other than Banks).
• Minimum average quarterly balance of Rs.2,00,000/- in Current Deposit Account and Rs.75,000/- in Short Deposit Account to be maintained initially.
• Amount in excess of Rs.2,00,000/- will be transferred to the Short Deposit portion in multiples of Rs.75,000/- for a minimum period of 15 days and maximum period of 91 days (Max Deposit in TD Rs 10 Cr.)
• To meet urgent requirement of funds in the Current Deposit Account portion, funds in multiples of Rs.75,000/- will be swept-in from Short Deposit portion on last-in first-out (LIFO) basis subject to availability of funds
• Automatic renewal facility for original tenure and amount of deposit.
• Interest will be payable on Short 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 short deposits will only be an 1st & 16th of every month

Other Incentives
Instant transfer of funds between  one Branch to  other branch

• No charges for remittances of fund From one branch to other branch

Free pre-printed personalised cheque books.
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 + Short 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. (Annual Charges applicable from next year
• 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 short 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 Short 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.