|
Sl.No
|
Features
|
SBH
Power Jyoti
|
|
1
|
Eligibility
|
Educational Institutions, Charitable Institutions who are required to collect fee and donations from students, clients and donors
|
|
2
|
Quarterly Average Balance
(QAB)
|
Rs.25,000/-
|
|
3
|
Transaction charges
|
The account holder (Institution) is not charged for fee collection
can be paid at Non-home branches at a nominal charge of Rs.50/- only
|
|
4
|
Remittance facilities
|
|
a
|
Inter Core Transactions
|
Charges to be collected manually
|
|
b
|
Cheque
Collection
|
Charges to be collected manually
|
|
5
|
Free facilities
|
Free Internet Banking facility
Cash handling charges not levied
|
|
6
|
Transactions not permitted
|
-
No Batch and Trickle feed Transactions
-
No Overdraft
-
At Non-home branches
-
Cheque Books are not issued
-
Transactions other than fee collection / donations not permitted
|
|
7
|
Penalties
|
|
a
|
Non-maintenance of QAB
|
Rs.1,000/- per quarter
|
|
b
|
Closing the account within 12 months
|
Rs.500/-
|
|
8
|
Documents required
|
-
Current account application form
-
An Undertaking to maintain required QAB
-
KYC norms to be adhered to
-
Photographs
-
IT
Pan
|
