|
|
Orange Metro (Savings Bank Orange Metro) &
Orange Non-Metro (Savings Bank Orange)
|
Orange Senior (Orange Senior SB)
|
Zwipe, Zwipe Classic (Non Metro) &
Zwipe Senior
|
Platina SB (SB Platina) &
Platina Senior
|
General SB-Metro and Urban Branches (Savings
Bank General)
|
| Average Monthly Balance (AMB)
|
|
Orange Metro: 10000
Orange Non-Metro: 5000
|
2500
|
20000
|
100000
|
5000
|
| AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
|
| Non Maintenance Charge (NMC)
|
Charges for non maintenance of minimum monthly average balance
|
6% of the shortfall in required AMB per month.
|
6% of the shortfall in required AMB per month. (maximum upto Rs. 600/- for Zwipe, Zwipe senior and Platina)
|
6% of the shortfall in required AMB per month.
|
| Fund Transfers
|
NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)
|
Free
|
Free
|
Free
|
Free
|
Free
|
| NEFT / RTGS done through branch
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200000 to 500000: 25; > 500000: 50
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200000 to 500000: 25; > 500000: 50
|
Free
|
Free
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200000 to 500000: 25; > 500000: 50
|
| IMPS
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
Free
|
Free
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
| Cash Transactions
|
Cash Transaction at Branch / Cash Deposit Machine
(CDM) (Deposit or withdrawal)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Free upto 5 transactions or 3 lac / month whichever is earlier.
Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Free upto 10 transactions or 5 lac/ month whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs. 150)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
| Cash withdrawal via UPI at Merchant Locations (Max Rs. 1000/day)
|
1% of Withdrawal amount (Max Rs.10)
|
| Debit Card / ATM Charges
|
Debit Card Charges
|
Debit Fees as per Debit Card GSFC tailed below
|
Kotak Bank's ATM Cash Withdrawal / Non
Financial Transactions
|
Free
|
Free
|
Free
|
Free
|
Free
|
| Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##
|
Nil Charges upto 3 txns(In Top 6 Cities#+) & 5 Txn
(Non-Top Cities) per month thereafter Rs. 21 per
cash withdrawal & Rs. 8.5 per Non-Financial Txns
|
Free
|
Free
|
Nil Charges upto 3 txns
(In Top 6 Cities#+) & 5 Txn
(Non-Top Cities) per month thereafter Rs. 21 per cash withdrawal & Rs. 8.5 per Non-Financial Txns
|
| Declined Domestic ATM Transactions due to insufficient balance
|
Rs.25 per transaction
|
Rs.25 per transaction
|
Rs.25 per transaction
|
Rs.25 per transaction
|
Rs.25 per transaction
|
| Cash Withdrawal / Non-Financial Transactions at International ATMs +
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
| 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.2.5 / 1000
(Min 50,
Max 10,000)
|
Rs.2.5 / 1000
(Min 50,
Max 10,000)
|
Free upto 100K; Post Free limits (Rs.2.5 / 1000 (Min 50, Max 10000)
|
Free
|
Rs.2.5 / 1000
(Min 50,
Max 10,000)
|
| FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return
|
500
|
500
|
500
|
500
|
500
|
| At-par Cheque Book Charges
|
25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
|
25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
|
100 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
|
100 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
|
25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
|
| ECS / Cheque Issued & Returned (due to non availability of funds)
|
Rs.500 / instance
|
Rs.500 / instance
|
Rs.500 / instance
|
Rs.500 / instance
|
Rs.500 / instance
|
| ECS Mandate Verification
|
Rs.50 / instance
|
Rs.50 / instance
|
Free
|
Free
|
Rs.50 / instance
|
| SI Failure
|
Rs.200 / instance
|
Rs.200 / instance
|
Rs.200 / instance
|
Free
|
Rs.200 / instance
|
| Cheque deposited and returned (INR)
|
Rs.200 / instance
|
Rs.200 / instance
|
Rs.200 / instance
|
Rs.200 / instance
|
Rs.200 / instance
|
| Cheque Issued & Returned for Non-Financial Reason
|
Rs. 50 / instance
|
Rs. 50 / instance
|
Rs. 50 / instance
|
Rs. 50 / instance
|
Rs. 50 / instance
|
| Branch Requests
|
Duplicate Ad-hoc statement, Balance & Interest Statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single / Range of cheque thru branch; DD Revalidation; PO / BC Revalidation/ Cancellation (INR); Annual Combined Statement-Physical; Monthly Physical Statement; Regeneration of PIN of Net Banking / Phone Banking (sent through courier)
|
Rs.100/Request, for
senior citizens:
Rs. 75/Request
|
Rs.100/Request, for
senior citizens:
Rs. 75/Request
|
Free
|
Free
|
Rs.100/Request, for
senior citizens:
Rs. 75/Request
|
| DD Cancellation (INR)
|
Rs.100/Request, for senior citizens:Nil
|
Rs.100/Request, for senior citizens:Nil
|
Rs.100/Request, for senior citizens:Nil
|
| Foreign Inward Remittance Certificate
|
Rs.100/Request
|
Rs.100/Request
|
Rs.100/Request
|
| Home Banking
|
Cheque Pick Up / Delivery (Rs. 150 per visit)
|
Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
|
Nil Charges for 2 calls( Zwipe / Zwipe Senior &
Classic) & 10 calls ( Platina SB & Senior)/ Month.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
|
Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
|
| Cash Pick Up / Delivery^
|
Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req
|
| For Platina SB & Senior- 50% of Charges up to 1 request per month basis standard charge
|
| Family Banking
|
|
NA
|
NA
|
NA
|
Upto 3 Additional NMC waived Family member accounts under
"My Family"
|
NA
|
| Statements & Alerts
|
Statements
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
| Balances and Transaction & Value added alerts (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
Daily SMS - 50 ps/SMS
Weekly SMS free
|
50 ps per SMS (Daily / Weekly)
|
| Other Charges
|
TOD
Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)
|
TOD: Rs.500;
Account Closure charges: 500
|
TOD: Rs.500;
Account Closure charges: 500
|
TOD: Rs.500;
Account Closure charges: 500
|
TOD: Rs.500;
Account Closure charges: 500
|
TOD: Rs.500;
Account Closure charges: 500
|
| Free Services
|
Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation
|
Free
|
Free
|
Free
|
Free
|
Free
|
| Debit Card Annual Charges
|
Classic Debit Card
|
Rs. 199
|
Rs. 199
|
Free
|
Free
|
Rs. 199
|
| Silk Classic Debit Card
|
Rs. 199
|
Rs. 199
|
Rs. 199
|
Free
|
500.0
|
| Titanium Debit Card
|
200.0
|
200.0
|
Free
|
Free
|
200.0
|
| Gold Debit Card
|
500.0
|
500.0
|
Free for 1st year, thereafter Rs. 250 p.a
|
Free
|
500.0
|
| Platinum / My World Debit Card
|
Rs. 750
|
Rs. 750
|
Free for 1st year, thereafter Rs. 250 p.a
|
Free
|
Rs. 750
|
| World / World Exclusive Debit Card
|
Rs. 750
|
Rs. 750
|
Rs. 750
|
Free
|
Rs. 750
|
| Kotak PVR Debit Card
|
Rs. 499
|
Rs. 499
|
Rs. 499
|
Rs. 499
|
Rs. 499
|
| Other Debit Card Related Charges
|
Replacement of Lost / Stolen Debit Card
|
Rs. 200
|
Rs. 200
|
Rs. 200
|
Rs. 200
|
Rs. 200
|
| Issuance Charges
|
Image Debit Card - Rs. 199, MyTeam Image Debit Card - Rs. 199
|
Image Debit Card - Rs. 199, MyTeam Image Debit Card - Rs. 199
|
Image Debit Card - Rs. 199, MyTeam Image Debit Card - Rs. 199
|
Image Debit Card - Rs. 199, MyTeam Image Debit Card - Rs. 199
|
Image Debit Card - Rs. 199, MyTeam Image Debit Card - Rs. 199
|
| Regeneration of PIN (sent through courier)
|
Rs. 50 per request
|
Rs. 50 per request
|
Rs. 50 per request
|
Rs. 50 per request
|
Rs. 50 per request
|
| Particulars
|
Type of Savings Account
|
|
|
General SB-
Semi Urban Branches (Semi Urban SB)
|
General SB- Rural Branches (Rural Gen SB)
|
Zing
(Zing Kids Account)
|
Solo
|
| Average Monthly Balance (AMB)
|
|
2000
|
1000
|
2000
|
Nil
|
| AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
|
| Non Maintenance Charge (NMC)
|
Charges for non maintenance of minimum monthly average balance
|
6% of the shortfall in required AMB per month.
|
NA
|
| Fund Transfers
|
NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)
|
Free
|
Free
|
Free
|
Free
|
| NEFT / RTGS done through branch
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200001 to 500000: 25; > 500000: 50
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200001 to 500000: 25; > 500000: 50
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200001 to 500000: 25; > 500000: 50
|
For NEFT : Upto 10000: 2.50; 10001 to 100000:5;
100001 to 200000:15;
> 200000: 25
For RTGS: 200001 to 500000: 25; > 500000: 50
|
| IMPS
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
Up to 10000: 5;
10001 to 100000: 5;
100001 to 500000: 15
|
| Cash Transactions
|
Cash Transaction at Branch / Cash Deposit Machine
(CDM) (Deposit or withdrawal)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|
Nil Charges upto 2
transactions or 1lac / month
|
| Cash withdrawal via UPI at Merchant Locations (Max Rs. 1000/day)
|
1% of Withdrawal amount (Max Rs.10)
|
| Debit Card / ATM Charges
|
Debit Card Charges
|
Debit Fees as per Debit Card GSFC tailed below
|
Kotak Bank's ATM Cash Withdrawal / Non
Financial Transactions
|
Free
|
Free
|
Free
|
Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction
|
| Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##
|
Nil Charges upto 3 txns(In Top 6 Cities#+) & 5 Txn
(Non-Top Cities) per month thereafter Rs. 20 per
cash withdrawal & Rs. 8.5 per Non-Financial Txns
|
Maximum of 5 transactions free in a month with a cap of Maximum 3 free transactions in Top 6#+ Cities, thereafter Cash Withdrawal – Rs. 20.00 /txn.; Non Financial txn. – Rs. 8.50 / txn.
|
Declined Domestic ATM Transactions due to insufficient balance
Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)
|
Rs.25 per transaction
|
Rs.25 per transaction
|
Rs.25 per transaction
|
Rs.25 per transaction
|
| Cash Withdrawal / Non-Financial Transactions at International ATMs +
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
| 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.2.5 / 1000
(Min 50,
Max 10,000)
|
Rs.2.5 / 1000
(Min 50,
Max 10,000)
|
Rs.2.5 / 1000
(Min 50,
Max 10,000)
|
Rs.2.5 / 1000
(Min 50,
Max 10,000)
|
| FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return
|
500
|
500
|
500
|
500
|
| At-par Cheque Book Charges
|
25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.
|
25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.
|
25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.
|
25 Chq leaves Nil
Charges / Half Year;
Thereafter
Rs.3 cheque leaf
|
| ECS / Cheque Issued & Returned (due to non availability of funds)
|
Rs.500 / instance
|
Rs.500 / instance
|
Rs.500 / instance
|
Rs.500 / instance
|
| ECS Mandate Verification
|
Rs.50 / instance
|
Rs.50 / instance
|
Rs.50 / instance
|
Rs.50 / instance
|
| SI Failure
|
Rs.100 / instance
|
Rs.100 / instance
|
Rs.100 / instance
|
Rs.100 / instance
|
| Cheque deposited and returned (INR)
|
Rs.100 / instance
|
Rs.100 / instance
|
Rs.100 / instance
|
Rs.100 / instance
|
| Branch Requests
|
Duplicate Ad-hoc statement Balance & Interest Statement
Foreign Inward Remittance Certificate, Duplicate Passbook
Duplicate TDS Certificate Through Branch or any other Record Retrieval
Stop Payment - Single / Range of cheque thru branch
DD / PO / BC Revalidation / Cancellation ( INR); Tax Collection thru branch;
Annual Combined Statement-Physical; Monthly Physical Statement ; Regeneration of PIN of NetBanking/Phone banking (sent through courier)
|
100 / Request
|
100 / Request
|
100 / Request
|
100 / Request
|
| Home Banking
|
Cash/ Instrument Pick Up / Delivery
|
Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
|
| KYC Pickup – Only for senior citizen and differently abled###
|
| Family Banking
|
|
NA
|
NA
|
NA
|
NA
|
| Statements & Alerts
|
Statements
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
|
| Balances and Transaction & Value added alerts (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
50 ps per SMS (Daily / Weekly)
|
| Other Charges
|
TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)
|
TOD: Rs.500; Cheque Purchase
Charges: 0.5/1000 (Min 50; Max 10000);
Account Closure charges: 600
|
TOD: Rs.500; Cheque Purchase
Charges: 0.5/1000 (Min 50; Max 10000);
Account Closure charges: 600
|
TOD: Rs.500; Cheque Purchase
Charges: 0.5/1000 (Min 50; Max 10000);
Account Closure charges: 600
|
TOD: Rs.500; Cheque Purchase
Charges: 0.5/1000 (Min 50; Max 10000);
Account Closure charges: 600
|
| Free Services
|
Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation
|
Free
|
Free
|
Free
|
Free
|
| Debit Card Annual Charges
|
Classic Debit Card
|
Rs. 150
|
Rs. 150
|
Rs. 150
|
Rs. 150^
|
| Silk Classic / Platinum
|
150.0
|
150.0
|
150.0
|
Rs. 150^
|
| Titanium Debit Card
|
200.0
|
200.0
|
200.0
|
Rs. 150^
|
| Gold Debit Card
|
500.0
|
500.0
|
500.0
|
Rs. 150^
|
| Platinum / My World Debit Card
|
Rs. 750
|
Rs. 750
|
Rs. 750
|
Rs. 150^
|
| World / World Exclusive Debit Card
|
Rs. 750
|
Rs. 750
|
Rs. 750
|
Rs. 150^
|
| Other Debit Card Related Charges
|
Replacement of Lost / Stolen Debit Card
|
Rs. 200
|
Rs. 200
|
Rs. 200
|
Rs. 200
|
| Issuance Charges
|
Image Debit Card - Rs. 199,
MyTeam Image Debit Card - Rs. 599
|
Image Debit Card - Rs. 199,
MyTeam Image Debit Card - Rs. 599
|
Image Debit Card - Rs. 199,
MyTeam Image Debit Card - Rs. 599
|
Image Debit Card - Rs. 199,
MyTeam Image Debit Card - Rs. 599
|
| Regeneration of PIN (sent through courier)
|
Rs. 50 per request
|
Rs. 50 per request
|
Rs. 50 per request
|
Rs. 50 per request
|
| GST on Foreign Currency Conversion Charges (FCY) ~
|
|
GST on Foreign Currency Conversion Charges (FCY) ~
|
| Value of purchase or sale of Foreign Currency
|
Value on which GST rate will be applicable
|
Value of purchase or sale of Foreign Currency
|
Value on which GST rate will be applicable
|
| Up to Rs 1,00,000
|
1% of the gross amount of currency exchanges or minimum of Rs.250/-
|
Up to Rs 1,00,000
|
1% of the gross amount of currency exchanges 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.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/-
|
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/-
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forex Card
|
Particular
|
Standard charges
|
| Issuance Fee
|
250 (exclusive of GST)
|
| Reload Fee
|
75 (exclusive of GST)
|
| Foreign Exchange Services (FES)
|
Foreign Exchange Services (FES)
|
| Outward Remittances - Individual
|
Standard Charges
|
Outward Remittances - Individual
|
Standard Charges
|
| Telegraphic Transfer Charges (other than payment for imports)
|
INR 1250 + Tax
|
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
|
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
|
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
|
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)
|
0.125 %; minimum INR 1,000 +Tax
|
| As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
|
| ^ If customer upgrades or buys an additional card, charges will be as per Edge variant.
|
| ##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.
|
| Mandatory Alerts will not be charged. 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).
|
| 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.
|
| 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]
|
| Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change.
|
| Debit Card Annual Charges for Junior, Youth and Maestro Debit Cards will be same as Classic Debit card.
|
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
|
| Charges are exclusive of the Goods and Service Tax (GST).
|
| With effect from July 1,2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
|
| 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.
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^For On call cash pickup if its more than 5 lacs then we will be charging upfront Rs 4600/- per pickup flat charge. Please note that the
Cash Pickup/ Delivery charges pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional charges for cash transactions shall be levied basis the Cash Transaction limits offered under the respective variant. The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.
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| <> Penalty charges. Non-maintenance charges (NMC) is not applicable once the savings account becomes inoperative/dormant.
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| With effect from April 1, 2015: In the event of a default in maintenance of Average Monthly Balance as agreed to between the Bank and customer for the month (referred as Default Month), the Bank will notify the customer clearly of the default and that the Average Monthly Balance for the account has to be met in the subsequent month (referred to as Notice Month) . If the AMB is still not maintained in the Notice Month, the NMC (Non Maintenance Charges) for both the Default Month and Notice Month will be recovered in the subsequent month. The Bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id, mobile number and address updated with the Bank at all times, failing which, customer may not receive the notification/s. The NMC charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC. In case of accounts sourced under promotional offering and enjoying conditional NMC waiver, the terms and conditions of such promotional offering shall prevail.
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| State government taxes/ Cess as applicable shall be charged
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| W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under :
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| Aggregate Cash Withdrawals in all accounts in a Financial Year
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Income tax Return copy Submitted to Bank
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Income tax Return copy NOT Submitted to Bank
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| Upto Rs.20 Lakhs
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Nil
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Nil
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| Rs.20 lakhs to Rs. 1 crore
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Nil
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2%@
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| In Excess of Rs. 1 crore
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2%@
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5%@
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| .@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.
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