CLTD

NRIs, exporters, importers, merchants, and foreign tourists can now deposit, transfer, and withdraw money from any of our branches. At SBH, we break geographical barriers.
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CLTD
  1. Deposit Scheme for Corporate customers who have surplus funds for investments and need convenience of liquidity
  2. The amount in Current Account beyond a threshold limit of `5.00 lacs will be auto-swept to Term Deposit Accout as per customer’s choice
  3. The amount of sweep would be in multiples of `25,000/-
Features
Interest : Interest applicable to TDs below `15.00 lacs
No interest for withdrawals before 15 days
Loan : No loan / OD against TDs held in CLTD
Tax on Interest : TDS on interest would be deducted as applicable
  1. Minimum opening balance for TDs is `1.00 lac
  2. Minimum opening balance for CAs is `5.00 lacs
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