Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeRERA project collection current-account structure
Source 1Collection structureAccount 1 receives 100% of buyer collections and transfers them 70:30 at end of day to the registered RERA account and operating account
Source 2Monthly average balanceAccount 1: nil; Account 2: ₹10,000; Account 3: ₹10,000
Source 3Account 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 account
Source 4Benefits 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 SBI-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 RERA authority.
- Product operation remains subject to the applicable RERA authority's permissions and the account agreement.
Passing a listed condition does not mean the bank will approve an application.