SV BIZNESS@ease

Gives your Import-Export Business the Added Mileage

Corporate Banking > Current Accounts > SV BIZNESS@ease

SV BIZNESS@ease is a facility specifically targeted for the business class engaged in trade & commerce and also for Professionals & Self-employed; Proprietary Concern; Partnership Firm; Companies; Individuals etc.

Purpose: Business

Features:

  • Scheme is applicable to existing as well as new customers
  • Account to be reviewed on yearly basis and limits if required with feature of reduction/ enhancement as the case may be
  • Charges for Non maintenance of AQB Rs. 1000/- per quarter

Rate of interest:

As stipulated by the bank from time to time.

Against effect limit:

Upto Rs. 5 Lac

Terms & Conditions:

  • 2 Sureties of good means OR
  • 1 Surety and in lieu of other surety
    • Own deposit equivalent to 50% of sanctional limit. OR
    • Govt securities(Face Value) equivalent to 50% of limit sanctioned. OR
    • Surrender value of LIC Policy equivalent to 50% of sanctioned limit
  • Compliance of KYC formalities as per RBI guidelines
  • Applicants Business enterprize must be registered for a minimum of 2 years with recorded profits and proof of taxes paid
  • AQB of Rs.10000/-
  • Membership Shares: 25
  • A/E Facility shall be subject to CIBIL search report obtained by SVC
  • Applicants should have business place on ownership/rental basis
  • A/E facility shall also be subject to PAMAC verification report of the applicant