Power POS Current Account

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Power POS Current Account (With POS Machine)
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Power POS is an exclusive Current Account for customers availing POS facility . This account can be opened with Zero Balance . Overdraft facility is also available in Power POS Current Account . It provides many additional services at nominal charges along with Free access to Safest , Secure and Fastest Corporate Internet Banking services.

Features

  • Low Monthly Average Balance :Rs 5000.
  • Ideal for Customers with POS facility.
  • Free Cash Deposit upto Rs 25000/- per day.
  • UNLIMITED number of Payments and Withdrawal facility options are available at 24000+ Branches across India and Convenience to withdraw and deposit cash at all 24000+ SBI Bank branches.
  • Free Cash Withdrawal from Home Branch.
  • Free collection through RTGS and NEFT .
  • Free Multicity 100 Cheque Leaves in a Financial year( thereafter 50% off on normal cheque rates.)
  • Target Customers : Customers of All Segments with POS Facility.
  • Monthly Average Balance : Rs. 5,000
  • Corporate Internet Banking : FREE
  • Monthly Statement of Current Account : FREE (First / Original)
  • Duplicate Statement of Current Account : Rs. 100/- + GST per page (40 entries)
  • Cheque Leaves
    • Number of Free Multicity Cheque Leaves : 100 Multicity cheque leaves free.
    • Cost of Extra Cheque Leaves Above Free Limit : Thereafter 50% of the Normal Charges
  • Transfer of Account to other Branch : FREE
  • MAB Non - Maintenance Charges per Month : Rs. 500/- +GST Per Month

  • For further information on Regular Current Account, Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free) , 18004253800 (Toll Free) , 08026599990 (Charges Apply).

Facility

  • Over Draft Facility : Available up to Rs. 5 lakhs.
  • Loan Amount : 25% of last 6 months transaction.
    • Min : Rs 25000/-
    • Max: Rs 5 Lacs
  • Facility is Available:
    • Only after 6 months after installation and satisfactory operation of terminal with all terms and conditions remaining same.
    • Satisfactory operations will necessarily mean, the terminal has not been levied commitment charges due to inactivity of terminal.
    • To be eligible for eligible for OD , the merchant must have generated a transaction volume of atleast Rs 1.25 lakh on the terminal(s) installed in the last 6 months to be eligible.

  • For further information on Regular Current Account, Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free) , 18004253800 (Toll Free) , 08026599990 (Charges Apply).

Download Account Opening Form


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Interest Rates

7.15% p.a.

w.e.f. 01.04.2020

*T&C Apply.

 

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