Google

Oct 10, 2006

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

Corporation Bank's Corp Classic Account

Compared with above Corporation Banks' Corp Classic account gives some more advantage; Minimum deposit in SB account is Rs.10000/- which is the disadvantage for Corp Bank. Auto sweep will be on daily basis. Minimum auto sweep is for Rs.5000/- and in multiples of Rs.1000/- thereafter. Choice of tenure will be 14 days to 10 years. these are the advantages. Normal features will be Free ATM cum debit card Free internet banking

NPAs Written off by PSU banks

  • Bank 2003-04 2004-05

Bank of Baroda -------------------------836------------ 609

Punjab National Bank-------------------483------------ 704

Canara Bank ---------------------------452------------- 973

Bank of India -------------------------- 588------------- 329

UCO Bank------------------------------ 278------------- 334

Union Bank of India---------------------278------------- 308

Dena Bank----------------------------- 319-------------- 317

Allahabad Bank------------------------ 622-------------- 275

Indian Overseas Bank----------------- 469-------------- 244

Central Bank of India------------------ 569-------------- 583

Oriental Bank of Commerce------------- 85-------------- 117

Bank of Maharashtra------------------- 92---------------- 79

United Bank of India------------------ 250--------------- 111

Syndicate Bank -------------------------33-------------- 220

Indian Bank--------------------------- 416-------------- 482

Andhra Bank-------------------------- 184-------------- 170

Vijaya Bank --------------------------240 ---------------125

Corporation Bank----------------------49-----------------91

Punjab & Sind Bank------------------ -85-----------------37

(Rs. in Crore)