Being a businessman in today's fast-paced world, you need to grab the right opportunity at the right time. So why miss a chance because of a banking facility? With Ratnakar Bank's Current Account, we ensure that our customers can conduct their business transactions smoothly by depositing or withdrawing at any time.
Ratna Vyapar Plus Current Account
Ratna Vyapar Plus Current Account helps you earn interest on the surplus in your Current Account by sweeping balances in an interest earning term deposit and yet giving you full access to your money anytime.
Eligibility
Any Individual / business entity can open a Ratna Vyapar Plus Current Account.
Account Features
Minimum daily balance of ` 25,000.
Select account holders are entitled to an ATM card which allows access to over 80,000 ATM's of 41 major banks across India.
Free at par cheque book.
Key Benefits
Sweep-Out facility Sweep-out facility operates on clear balance above ` 50,000 by automatic transfer of funds to term deposit having tenure of 365 days at specified interest rate for the scheme provided it is in multiples of ` 10,000. At maturity of 365 days, the sweep amount is automatically renewed for a further period of 365 days. No loan on swept out amount is allowed so that you enjoy full access to this money.
Sweep-In facility Sweep-in facility operates automatically in the event of requirement of funds for honoring any debits to the account if adequate balance is not available. The last swept out transaction is utilized for the sweep in and would be in multiples of ` 10,000.
Interest Rate
Interest on the swept out amount is credited to the account either on maturity dates or on its premature payment and is subject to TDS (Tax Deducted at Source), if applicable.