SUNRISE OVERNIGHT DEPOSIT ACCOUNT
Sunrise Overnight Deposit Account is meant for individuals and corporate houses who would like to earn interest on their overnight deposits on a daily balance. SrODA is opened for a period of time ranging from 1 day to more than a year. The accountholders are paid interest on their daily balance.
Criteria for Account Opening:
Individual
- Account Opening Application
- Citizenship Certificate
- Photo of the person required in case of illiterate person.
Company/Firm
- Account Opening Application
- Registration Certificates
- Memorandum & Article of Association / Partnership Agreement
- Board Resolution
- Income Tax Certificate
Features
Personal SrODA
Interest Rate Calculated on daily balance
- Rs 500,000.00 (5.25% p.a)
Corporate SrODA
Interest Rate Calculated on daily balance
- Minimum Balance Rs 500,000.00
- Balance less than Rs 1,000,000.00 (3.00% p.a)
- Balance more than Rs 1,000,000.00 (4.50% p.a)
- Rs 5,000,000.00 and above (5.00% p.a)
