Shubharambh premium Current Account

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Shubharambh Premium Current Account

Eligibility

Valid Startup Registration Certificate issued by

DPIIT or States/Union Territories:

  • Private Limited Company
  • Limited Liability Partnership
  • Registered Partnership Firm
  • One Person Company

Features

  • MAB: Rs.5,00,000/ (Waiver of two calendar month MAB charges from date of account opening and in entire life of the account.)
  • FREE Cash Deposit: Rs.5 Lacs per month free including cash deposited at Home Branch, Non-Home Branches, GCC and CDM/Recycler.
  • FREE One cheque book of 50 leaves free per month.
  • Unlimited free DD/BC
  • FREE NEFT/RTGS.
  • CMP offering (e-Collections including VAN, Bulk Payments & Liquidity Management: 75% discount on card rate on applicable fee.
  • Cash Pickup/ Collection Facility: 50% concession on card rates + Agency charges as per actuals
  • SB Collect: i. Payment received through UPI, Rupay Debit cards, SBI Debit Cards(indigenous), NEFT/RTGS & SBI Internet Banking (SBI INB) payment by State Bank Customers: Free ii. All Bank Credit Cards, Prepaid/Foreign Cards other Banks Debit Cards and all other payments modes charges: as per card rates.
  • SBI ePay: i. Integration cost of SBI ePay: Free ii. Payment received through UPI, Rupay Debit cards, SBI Debit cards (indigenous), NEFT/RTGS & SBI Internet Banking (SBI INB) payment by State Bank Customers: Free iii. All Bank Credit Cards, Prepaid/Foreign Cards other Banks Debit Cards and all other payments modes charges: as per card rates.
  • Offers on Corporate Credit card & Google cloud services.

Charges:

Sr No. Particular Service Charges
1. Monthly Average Balance Rs.5,00,000/- Waiver of two calendar month MAB charges from date of account opening and in entire life of the account.)
2. Corporate Internet Banking Free
3. Monthly statement of Account Monthly once free. Thereafter, card rate will be applicable.
4. Free Multicity Cheque Leaves 50 Multicity Cheque leaves free in a Month. § Cost of Extra Cheque Leaves Above Free Limit:- - Rs.3/- + GST per cheque leaf. - 25 Leaf Cheque Book at Rs 75/- +GST - 50 Leaf Cheque Book at Rs 150/- +GST
5. Transfer of Account to other Branch Free
6. Over Draft Facility Nil
7.. Free Monthly Cash Deposit Free Up to Rs 5,00,000/- per month including Home/Non-Home Branch, CDM/Recycler, GCC etc. Above the free cash deposit limit: Rs. 0.75 per 1000/-+ GST Minimum Rs. 50/- + GST; Maximum Rs.20000/- + GST
8. Cash Deposit at Non-Home Branch Maximum limit for deposit of cash at Non-Home Branch is Rs. 5,00,000/- per day.
9. Cash Withdrawal at Home Branch Unlimited Free
10. Cash Withdrawal at Non-Home Branch Maximum Rs.5,00,000/- per day through cheque and by self only.
11. Business Debit Card Business Debit Card “Premium” issuance charges and annual maintenance charges - Free
12. NEFT Free at Branch as well as through CINB
13. RTGS Free at Branch as well as through CINB
14. SMS Alerts Free
15. Non-maintaining of MAB Waiver of two calendar month MAB charges from date of account opening and in entire life of the account. If MAB < 50% Rs.2000/- per month + GST MAB >= 50% then Rs.1000/- per month + GST
16. Account Keeping Charges Rs.550/- + GST Per Financial Year
17. Current Account Closing Charges - Up to 14 days of Opening: NIL - After 14 Days up to one year:- ₹ 600/- + GST
18. Any other charges applicable As per card rate**

**For further information on Shubharambh - Startup Current Account, Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free), 18001234 (Toll Free), 080-26599990 (Charges Apply)


Last Updated On : Tuesday, 02-04-2024

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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