- Interest Rate: N/A
- Minimum Balance: 0
- Interest Payment: N/A
Corporate Call Account is a sweeping account for businesses for both a savings and a checking account. It is an interest bearing account. It is parking account of current account transaction based on clear transfer standing instruction requested by institution. These accounts pay interest to accountholders based on the rate negotiated with the bank but it cannot be more than half of normal saving account interest rate offered by bank. Up to half the rate of normal saving account rate.
Features:
- Large volume of transaction parking
- Interest Accrued on daily
- Free Account Statement (one time only)
- Free Balance Certificate (one time only in FY end for audit purpose)
