Special Premium Savings Account
Bank Syndicate Bank
Category Privileged Account
Minimum AQB
(Average Quarterly Balance)
Interest Rate 4%
Card Offered ATM cum Debit Card
ATM Cards
Membership fees Nil
Annual fee Nil
Renewal charges Nil
Late payment charges not applicable
Interest charges not applicable
Replacement charges Rs.100/-
Transaction charges for partner banks Rs.10/- per transaction
Transaction charges for non-partner banks Rs.50/- per transaction
CBS Branch same charges applicable
Main Features
  • The Bank has introduced a Special Premium Savings Account at e-banking branches that combines full safety, easy liquidity and highest possible interest.
  • A unique 'Sweep out, Sweep in' facility offered at our e-banking branches ensures that while the customer's money earns solid interest as a fixed deposit, it turns liquid to meet his urgent needs. That too at no extra cost.
  • Average monthly balance of Rs.20000/-to be maintained in the Special Premium Savings Account.
  • Balance available in the account in excess of Rs.20000/-on any day gets automatically swept out into a fixed deposit for 1 year 1 day in units of Rs.1000/-.
  • In the event of shortfall in SB for meeting your clearing cheques or for other urgent needs, the fixed deposit is swept back into the Special Premium Savings Account in required number of units of Rs. 1000/- free of cost.
  • No penalty is charged for breaking the fixed deposit prematurely. However, the amount swept out earns interest for the period run at the applicable rate.
  • Even while breaking the fixed deposit, only the most recently converted fixed deposit is first broken to minimize interest loss to the customer.
  • Only those amounts swept out of your Special Premium Savings Account are eligible for sweep in and not other fixed deposits.
  • When fixed deposits mature at the end of 1 year 1 day, the Bank will renew the principal every 1 year 1 day while crediting the interest to the savings account. Rs.100/-per month is levied as service charges whenever the monthly average balance in the Special Premium Savings Account goes below Rs.20000/-
 Fees & charges
 Services & Features
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