In case the balance in the linked account goes below the Sweep in threshold balance, funds will be transferred from the linked FD in multiples of Rs.5,000/-*.In case of an FD created through the ActivMoney feature, the nomination made by the customer in respect of the savings / current account for which this feature is availed will be deemed to be the nomination for any FD created according to the ActivMoney feature availed.In case of a Resident customer who is becoming a Non-Resident and availing of this facility, linked sweep in FDs will continue, however, the ActivMoney facility will be deactivated.Sweep in facility is activated on FDs booked through the ActivMoney feature, overdraft facility cannot be given.Any other accounts where the feature of Active Money has been disabled at the time of the creation.Current or savings account where overdraft facility is availed.Current or Savings account where already Linked FD Facility/ One Way Sweep facility is linked.ActivMoney facility cannot be provided to:.No interest is payable on NRE Fixed Deposits held for less than 1 year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |