Savings bank account linked with fixed deposit account. Balance in excess of Rs 25,000/- in savings account gets transferred to fixed deposit account in multiples of Rs 10,000/- for fixed deposits of 181 days maturity. The fixed deposits have auto renewal facility after 181 days. The minimum average quarterly balance in the account to be Rs 10,000/-. Withdrawals against cheques/ATMs by transfer of Rs 5,000/-, if necessary, from fixed deposit account to savings account.
Thursday, January 22, 2009
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1 comment:
Can you illustrate some examples of how Encash24 works?
Which is advantageous - Encash24 or Fixed deposit ?
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