SBI - Savings plus account

This is a varient of Auto sweep facility being provided by various private and public sector banks for long. Different banks call it by different names this bank calls it ' Savings plus account ' This is a savings bank account which automatically sweeps surplus funds from savings account and deploys it is Term Deposits. The Minimum balance to be maintained in Savings account is Rs.5000/- Auto sweep at weekly or monthly intervals. Minimum Auto sweep is Rs.10000/- and in multiples of Rs.1000/- thereafter. Choice of deposit tenure from 1 to 5 years. Free ATM cum Debit card. Free internet banking