If not, you should open a Nations Auto-Sweep Account
With a Nations Auto-Sweep account, surplus funds in your current account are transferred automatically to a savings account so that you earn interest continuously.
Open a current account with Rs.25,000 and maintain a minimum balance of Rs.10,000. Any balance over Rs.25,000 will be transferred to the savings account and funds will be swept back to the current account to facilitate transactions when required.
Features and Benefits
First Cheque Book free
Free ATM card with a higher withdrawal limit of Rs. 100,000 per day
Free cash withdrawals from Commercial Bank ATM's
Overdraft facility
50% discount on cheque returns for technical reasons
50% discount on inward cheque returns
Safety Deposits Lockers
Preferential tariff on secured lending
Utility Bill Payments
Fee of Rs. 250 if the minimum balance is not maintained
Fee of Rs. 1,000 p.m if number of account transactions exceed 20
