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    Conversion Forms

    Uploaded by

    shahanbasha

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Conversion Forms

    Uploaded by

    shahanbasha
    2 views1 page

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    © © All Rights Reserved

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    Copyright:

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    2 views1 page

    Conversion Forms

    Uploaded by

    shahanbasha

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Savings Account to Salary Package Account Conversion Application

    The Asst General Manager/ Chief Manager/ Branch Manager


    State Bank of India
    ______________ Branch (Code / Name),
    Dear Sir,
    SALARY PACKAGE ACCOUNT
    REQUEST FOR CONVERSION OF SB ACCOUNT TO SALARY PACKAGE ACCOUNT AND
    AUTO SWEEP FACILITY
    I maintain a Saving Bank account with your branch (Branch code: ________) and the account
    number is ___________________. I am presently employed as _______________ with
    ______________________________ (Company/Organization Name). The latest Salary
    Slip/Joining Letter/ Employment Proof is enclosed for your reference. I request you to accept it
    for conversion of my Savings Account to Salary Package Account.
    In addition I am enclosing a copy of ____________________ (any one of Passport, driving
    license, PAN Card, Voter’s Identity Card, etc. or utility bills such as telephone bill, Bank account
    statement, Electricity bill etc.) satisfying the KYC norms as prescribed by your Bank/ RBI.
    2. In this connection I request that my existing account be converted into a
    …………………………………………… Salary Package with all its special features.
    3. As regards converting my account to Salary Package Account with Auto Sweep facility:
    (Please tick in the appropriate box)
    a. I do not wish to avail of this facility OR
    b. I request you to convert my savings account into a ………………… Salary Package
    account with Auto Sweep Facility. In case the response b is ticked:
    I request you to set up auto-sweep facility in the said account, should the balance in my
    account exceed Rs.Rs.35,000/- or above) as at the end of the day (please tick)
    On weekly basis, each __________ day (e.g. Monday or Tuesday or ……etc), every week.
    OR
    On monthly basis ____________ (e.g. 1st or 2nd or 3rd or ….. etc) of every month beginning
    from _________ (dd/mm/yy)
    I authorise you to transfer the excess amount to a Multi Option Deposit (TD/STD) (please
    tick) for a period of _________ month/ year(s). I understand that this auto sweep will be
    done for a minimum amount of Rs.10,000/- and in multiples of Rs.1,000/- at any one
    instance. Further, under the reverse sweep facility for breaking of Multi Option Deposit,
    I authorise you to break the Multi Option Deposit by following the principle of (please tick)
    “Last in First Out” OR “First in First Out”. .

    I confirm that I have read and understood the Terms and Conditions of ……………………..
    Salary Package Account. Payment of proceeds, as well as nomination for the term deposits
    so made would be as per my/ our Savings Plus Account with you, by debit to which the Multi
    Option Deposits would be created.

    Yours faithfully,

    (Signature)
    Name:
    Address
    Date
    Place:

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