AQB more than 50% but less than required AQB: 750; AQB less than 50%: 1000
AQB more than 50% but less than required AQB: 750; AQB less than 50%: 1000
1200
Charges If AQB Maintained is less than or equal to 75% of stipulated requirement #
Standard charge applicable (irrespective of free limit for each product) for Cheque leaf, DD/BC, Decline in ATM/POS transaction due to insufficient balance,
and Home Banking. Additional charges Phone Banking @ 50 per call, Classic/ Gold Debit Card
@ 75 per qtr, Platinum Debit Card @ RS 125/ qtr and Cash Deposit@ 4 per 1000.
*
*
*
DD / PO / BC Revalidation / Cancellation - INR
100
*
*
*
DD / PO / BC Revalidation / Cancellation - FCY ~
500
*
*
*
Regeneration Of PIN (ATM / Phone / Net)
50 (sent through courier)
*
*
Free
Classic Debit Card Replacement of Lost / Stolen Card
200
*
*
Free
Gold Debit Card Replacement of Lost / Stolen Card
500
*
*
Free
Platinum Debit Card Replacement of Lost / Stolen Card
750
*
*
Free
Stop Payment - Single / Range of Cheques
100; Free Over Net Banking
*
*
Free
Account Closure (if closed after 1 month and before 6 months of A/C opening)
NA
600
600
1200
Daily Balance SMS Alert
200 pa
*
*
*
Weekly Balance SMS Alert
75 pa
*
Free
Free
Tax Collection Charge through Internet Banking
Free
Free
Free
Free
Tax Collection Charge at Branch
100
*
*
Free
TOD Charges
500
*
*
*
Cheque Purchase Charges
0.5/1000 (Min 50 Max 10000)
*
*
*
Record Retrieval Charges
100 per request
*
*
Free
Service Tax on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency
Service Tax Amount
Up to Rs 1,00,000
0.12% of the gross value or INR 30/- whichever is higher
Above Rs 1,00,000 to Rs 10,00,000
INR 120 plus 0.06% of the amount exceeding INR 1 Lakh
Above Rs 10,00,000
INR 660 plus 0.012% of the amount exceeding INR 10 Lakhs, subject to a maximum of INR 6000.
In addition to the above service tax, 2% Secondary education cess and 1% Higher Secondary education cess would also be applicable.
* Indicates Charged Service. Applicable Charges will be as per Standard Charge.
# Not Applicable for Easy (No-Frills) Savings Account.
## Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. ** Indo - Nepal Remittance Scheme (NEFT Charges):
If Beneficiary Maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes).
If Beneficiary does not Maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes) Service Charges to account holders in Rural / Semi-urban branches
Savings Nova and Savings Classic Accounts are available in Rural / Semi-urban branches with reduced AQB requirement of Rs. 5,000 and Rs. 10000 respectively.
The features offered and charges applicable are the same as Savings Edge and Savings Pro where the AQB requirement is Rs. 10000 and Rs. 20000 respectively. Service Charges for Senior Citizens
Following charges are waived in case of accounts where the primary account holder is a senior citizen:
Duplicate Pass book issuance, Account Closure charges, Cheque Return (Outward i.e. cheque deposited for collection and returned)
Additionally Standard Charges for DD/BC Issuance (Indian Rupees) will be Rs. 2 per 1000 (as against regular charges of Rs. 2.50 per Rs.1000). Service Charges for Synergy Savings Account
Synergy Savings Account will be same as Edge Savings Account with reduced AQB requriment of Rs. 5000 Service Charges for Easy (No-Frills) Account
For Easy (No Frills) Account, Minimum AQB requirement: Rs. 100, Non-maintenance Charge : Rs. 25/- per quarter.
Account Closure Rs. 100,
Classic Debit Card issuance charge waived: First Cheque book: Free, thereafter, Standard Charges will apply, Home Banking not offered.
All other services will be charged as per the Standard Charges. Please Note
All Services, where a free limit is specified, usage beyond the free limit will be charged as per the standard charge of the respective service.
For all value figures k = 1000
Charges are exclusive of the Service Tax, education cess & Higher Secondary Cess tax which is currently 12.36%. The same is subject to change.
The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.
Monthly physical statements will be issued free to account holders on them personally visiting the home branch for the same.
Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs.350/- per rejection
~ Any purchase / sale of foreign exchange will attract Service Tax on the gross amount of currency exchanged as per Service Tax on Foreign Currency Conversion Charges (FCY) table above
^Intercity clearing charge is a charge levied on the drawer of a cheque if an “AT Par” cheque is presented for payment under clearing at other than Home Branch Location of the drawer.
^^Kotak Classic & Edge customers will be eligible for Gold Debit Card only after completion of six months of satisfactory banking relationship with Kotak Mahindra Bank.
^^^ Kotak Edge and Pro customers will be eligible for the Platinum Debit Card only after completion of six months of satisfactory banking relationship with Kotak Mahindra Bank.