Modification in Thresold Amount and Sweep Frequency

Modification in Thresold Amount and Sweep Frequency

Our bank is having Auto sweep deposit scheme for below mention product. There are some changes done by bank in Thresold Amount and Sweep Frequency.

Note : This changes are effctive from 01 December - 2016

• Baroda Super Saving Bank Account (SB117)
• Baroda Premium Current Account (CA108)
• Baroda Premium Current Account - Previlege (CA107)

Increase in Thresold Amount :

• From 20,000 to 50,000 for Baroda Super Saving Bank Account
• From 75,000 to 5,00,000 for Baroda Super Saving Bank Account
• From 2,50,000 to 5,00,000 for Baroda Super Saving Bank Account

Flexibility in Increasing Thresolf/Sweep Out Amount  :

• On request of the customers if any, Branches will be able to increase the thresold amount.
• As per the preference of the customer, Sweep amountcan also be incresed in multiples of minimum sweep out amount specific to the schecme

Modification in Frequency :

• From Daily to Weekly ( Every Monday)

There are also some clarifications available for purticular scheme. Please refer the circular BCC:BR:108/496. Click to Download