8/1/2017 Current Deposit Plus Account

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BOI Super Current Plus Account 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
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.1000/- per quarter will be levied where the average quarterly balance in
Current deposit account falls below the minimum AQB requirement of 2 lac
TDS as applicable.
Sweep out from current to short deposits will only be an 1st & 16th of every month
The accounts under this scheme shall be available for tierisation and benefits & modalities of
respective category of tierised account shall be applicable

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8/1/2017 Current Deposit Plus Account

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