Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Account typeRERA project collection current-account structureView source
identifies this as a current-account product designed to meet the requirements of the Real Estate (Regulation and Development) Act, 2016.
- Source
- Current Account
- Page / section
- Features, Benefits and Advantages
- Accessed
- 13 Aug 2026
- Confidence
- high
Collection structureAccount 1 receives 100% of buyer collections and transfers them 70:30 at end of day to the registered RERA account and operating accountView source
The page separately defines receipt Account 1, statutory Account 2 and day-to-day Account 3, with special cases for -financed projects and single Account 2 requests.
- Source
- Current Account
- Page / section
- Style of Account
- Accessed
- 13 Aug 2026
- Confidence
- high
Monthly average balanceAccount 1: nil; Account 2: ₹10,000; Account 3: ₹10,000View source
No single normalized value is used because the three constituent accounts have different published rules.
- Source
- Current Account
- Page / section
- Monthly Average Balance table
- Accessed
- 13 Aug 2026
- Confidence
- high
Account 2 sweep facilityWhere the relevant RERA authority permits it: ₹2 lakh threshold, minimum ₹1 lakh MOD in ₹10,000 multiples, leaving ₹1 lakh in the accountView source
The sweep is conditional on the concerned authority and proceeds return only to Account 2; loans and ordinary liens against those are not allowed.
- Source
- Current Account
- Page / section
- Sweep facility to Term Deposits
- Accessed
- 13 Aug 2026
- Confidence
- high
Interest rateNo interest is payable on credit balances in a current account.View source
current-account terms expressly state: no interest is payable on credit balances in Current Accounts.
- Source
- Current Account — General Terms and Conditions
- Page / section
- Current Account — Interest on credit balances
- Accessed
- 29 Aug 2026
- Confidence
- high
Salary requirementNot applicable: SBI presents this as a business/current account for the stated tier, startup, escrow, RERA, collection, CSR, trade or interbank use; the account is not conditioned on a salary-credit threshold.View source
business catalogue classifies these variants as current accounts and separately identifies salary-account products under Personal Banking; the reviewed business pages publish account-tier or business-use conditions rather than salary thresholds.
- Source
- business current-account catalogue
- Page / section
- Current Account, Premium Current Account and Value Based Current Accounts
- Accessed
- 29 Aug 2026
- Confidence
- high
Cheque bookCheque-book facility is not allowed for Account 1 and Account 2; Account 3 operates as a Regular Current Account.Effective 27 Sept 2021View source
The table marks cheque-book facility Not allowed for Account 1 and Account 2 and says Account 3 operates as a Regular Current Account.
- Source
- Current Account — official product page
- Page / section
- Transaction permissions — Cheque book facility
- Accessed
- 29 Aug 2026
- Confidence
- high
ATM / cash-withdrawal limitsNon-home-branch debit is not allowed for Account 1 and Account 2. Account 2 withdrawals require the prescribed withdrawal form and professional certificates; Account 3 follows Regular Current Account operation.Effective 27 Sept 2021View source
marks Non Home Branch Debit Not allowed for Account 1 and Account 2 and states that Account 2 withdrawals require the prescribed form and certificates.
- Source
- Current Account — official product page
- Page / section
- Transaction permissions — Non Home Branch Debit and withdrawal conditions
- Accessed
- 29 Aug 2026
- Confidence
- high
Non-maintenance chargeAccount 1: nil; Account 2: nil; Account 3: ₹500 + GST.Effective 27 Sept 2021View source
penalty table publishes NIL for Account 1 and Account 2 and ₹500 + for Account 3.
- Source
- Current Account — official product page
- Page / section
- Penalty — non-maintenance of Monthly Average Balance
- Accessed
- 29 Aug 2026
- Confidence
- high
Other-bank ATM/ADWM chargesNo free other-bank ATM/
The current-account row lists NIL free transactions and ₹23 plus cash/₹11 plus non-financial charges; it preserves a salary-package reimbursement exception.
- Source
- Revision in /ADWM Transaction Service Charges
- Page / section
- Page 2 — current accounts at other-bank /ADWMs
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- System-driven 70:30 end-of-day collection split
- Separate statutory and operating accounts
- Conditional sweep and reverse-sweep facility for Account 2
- Special structures for -financed projects and taxes or fees where permitted
Eligibility
- Available to residential or commercial real-estate developers registered or to be registered with the applicable State or Union Territory authority.
- Product operation remains subject to the applicable authority's permissions and the account agreement.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Revision in ATM/ADWM Transaction Service Chargesofficial-service-charge-notice · current · accessed 25 Sept 2026
↗SBI business current-account catalogueofficial-product-catalogue · current · accessed 29 Aug 2026
↗SBI Business Current Accounts — Catalogue, Comparison and Reviewed Product Pagesofficial-product-catalogue · current · accessed 13 Aug 2026
↗SBI Current Account — General Terms and Conditionsofficial-current-account-terms · current · accessed 29 Aug 2026
↗SBI RERA Current Accountofficial-product-page · current · accessed 29 Aug 2026
↗RERA Current Account — official SBI product pageofficial-product-page · current · accessed 29 Aug 2026
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