IDBI Bank unveils two products for SMEs
By Our Banking Bureau | 16 Jul 2002
Says IDBI Bank cluster head (Hyderabad) M Vasudevan: "Both the products Business Premium Current Account and Business Special Current Account are aimed at the banks small and medium business customers."
The features of these products that make such significant savings possible are free electronic funds transfer, free cheque collections, free demand drafts and free inter-branch banking.
Vasudevan says some of the add-ons offered with these new service packages include sweep in facility linked to fixed deposits, local cheque book, personalised payable at par cheque book, monthly statements by courier and e-mail, phone banking, third party transfers through Internet-banking all at no additional cost.