State Bank of India Power Jyoti Account

Hello, I want to know the details of the Power Jyoti Current Account of SBI, will you please provide me?

Hello, here I am providing you the details of the Power Jyoti Current Account of SBI as under:

Power Jyoti Current Account - Fee Payment Collection
Facility Offered:
Collection of funds from all branches of SBI to Power Jyoti Current Account with MIS.

Users:
Educational Institutions/other bodies for fee/fund collection. Collection of donation as well.

USP:
A remitter can send fund under the scheme without having an account with SBI.

Scope:
Transactions permitted in cash transfer and clearing.

Quarterly Average Balance:
Rs. 50,000/-

MIS:
Complete details of collection available through periodic statement/corporate internet banking.

Corporate Internet Banking:
Free

Cash handling charges:
Nil

Remittance charges:
Per transaction nominal charges

POWER JYOTI CURRENT ACCOUNT - PRE UPLOADED
Facility Offered:
Collection of funds through pre-upload of tailor made MIS data which will only be validated at collecting branches.

USP:
Error in data inputting at various collecting branches resulting in reconciliation issues are completely ruled out.

Users:
Institutions/other entities for fee/fund collection, collection of donation bodies for fee/fund collection. Collection of donation as well.

MIS:
Customized MIS available.

Scope:
Transactions permitted in cash transfer and clearing.

Quarterly Average Balance:
Rs. 50,000/-

Corporate Internet Banking:
Free

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Answered By StudyChaCha Member