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.
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 Account as per customer’s choice
  3. The amount of sweep would be in multiples of `25,000/-
Features
Interest : Interest as applicable to Term Deposits for the tenure & quantum of the deposit
No interest for withdrawals before 7 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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