| Average Monthly Balance (AMB)
|
|
Rs 10,000
|
| Non-maintenance Charges
|
Charges for Non-maintenance of minimum monthly average balance
|
5% of the shortfall in required AMB per month
|
| Fund Transfers
|
NEFT / RTGS / IMPS (Through Net-banking / Mobile Banking)#
|
Free
|
| NEFT / RTGS done through branch
|
For NEFT: Upto 10000: 2; 10001 to 100000:4; 100001 to 200000:14; >200000:24.
For RTGS: 200001 to 500000:20; >500000:40
|
| Cash Transactions
|
Cash Transaction at Branch / CDM (Deposit or withdrawal)
|
Free upto 4 transactions or 2 lac / month, whichever is earlier. Post free limits, charged at Rs. 4.5/- per Rs. 1000/- with minimum Rs. 150
|
| Debit Card / ATM Charges
|
Platinum Debit Card Annual Fees Or Replacement of Lost Debit Card
|
Rs 150 p.a. (charges for other cards detailed below)
|
| My Team/Other Image Debit Card (available on request only)
|
One time image cost basis selected Image + Rs. 199 Annual charges
|
| Kotak Bank's ATM Financial Transaction / Non-Financial Transaction*
|
Unlimited Free
|
| Other Domestic ATMS Financial Transaction / Non-Financial Transaction##
|
Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @ nil charges in top 6 cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad), thereafter Financial Transaction – Rs. 21 / transaction and Non-Financial Transaction – Rs. 8.50 / transaction.
|
| Declined Transactions due to insufficient balance at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)
|
Rs. 25 / instance
|
| Financial Transaction / Non-Financial Transaction at International ATM +
|
150 / Txn. for Financial transactions and 25 / Txn for non-Financial transactions
|
| Cardless cash withdrawal (IMT)
|
Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
|
| DD / Pay order / Cheque Book
|
DD / Pay Order
|
Rs. 4/- per Rs. 1000/- (Min 50 Max 10000)
For senior citizens Rs. 3/- per Rs. 1000/-
|
| FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return
|
500
|
| At-par Cheque Book Charges
|
25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf (Min 25 leaves in one cheque book)
|
| ECS / Cheque Issued & Returned (due to non-availability of funds)
|
500 / instance
|
| ECS Mandate Verification
|
50 / instance
|
| SI Failure
|
100
|
| Cheque deposited and returned (INR)
|
100
|
| Requests
|
Duplicate Ad-hoc statement, Balance & Interest Statement,
Foreign Inward Remittance Certificate, Duplicate Passbook,
TDS Cerificate Through Branch or any other Record
Retrieval, Stop Payment Single / Range of cheque thru
branch; DD / PO / BC Revalidation / Cancellation ( INR);
Regeneration of Pin sent through courier; Annual Combined
Statement Physical; Monthly Physical Statement;
Regeneration of PIN-Net Banking/Phone Banking (thru courier).
|
100 / Request
For senior citizens Rs. 75 / request
|
| Home Banking Service
|
Instrument Pick Up / Delivery
|
Rs. 150 per visit
|
| Cash Pick Up / Delivery
|
| Statements & Alerts
|
Statements
|
Email Statement Free: Physical Quarterly Free
|
| Balances and Transaction & Value added alerts (Daily / Weekly)
|
50 p per SMS (Daily/Weekly)
|
| Other Charges
|
TOD
|
TOD: Rs. 500
|
| Cheque purchase
|
Cheque Purchase Charges: 0.5 / 1000
(Min 50; Max 10000)
|
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction.
|
| #+ Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.
|
| *Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request.
|
| Transaction and Value Added SMS alerts would be sent free to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / Weekly Balance SMS alerts facility has not been subscribed.
|
| # 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). Nil charges for NEFT done thru Mobile banking / Net Banking.
|
| The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.
|
| Charges are exclusive of the Goods and Services Tax (GST).
|
| A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]
|
| With effect from July 1, 2017 the effected Goods and Service Tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
|
| State Government Taxes/Cess as applicable shall be charged.
|
| With effect from September 1st 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.
|
| Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection
|
| As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
|
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
|
| 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.
|
| Debit Card Annual Charges
|
Classic Debit Card Primary
|
150
|
| Classic Debit Card Add On
|
150
|
| Silk Classic Debit Card Primary
|
150
|
| Gold Debit Card Primary
|
500
|
| Gold Debit Card Add on
|
500
|
| Platinum Debit Card Primary
|
150
|
| Platinum Debit Card Add On
|
750
|
| World Debit Card (available for ING Vysya Variants Only)
|
750
|
| Replacement of Debit Card
|
200
|
| ~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 below.
|
| Value to purchase or sale of Foreign Currency
|
Service Tax Amount w.e.f. June 01, 2016
|
| Up to Rs. 1,00,000
|
1% of the gross amount of currency exchange or minimum of Rs. 250/-
|
| Above Rs. 1,00,000 to Rs.10,00,000
|
1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
|
| Above Rs. 10,00,000
|
Rs. 5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/-
|
| Outward Remittances - Individual
|
Standard Charges
|
| Telegraphic Transfer Charges (other than payment for imports)
|
INR 1250 + Tax
|
| Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)
|
INR 1000 + Tax
|
| Issue of FCY DD's
|
INR 750 + Tax
|
| Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)
|
0.125 %; minimum INR 1,000 +Tax
|
