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GIFT
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Particulars

Revised Charges

Account Maintenance

 

Minimum Monthly Average Account Maintenance Balance

Nil

Monthly Account Maintenance Fee

Nil

Credit Interest payable on such accounts

Nil

Non-Maintenance Charge

 

In case the stipulated minimum monthly balance is not maintained

Nil

Third Party Payments

 

Payment to customer’s account with us

Nil

Payments to banks favouring third parties by Electronic Clearing / SWIFT

Nil

Reporting

 

Email Statement
(For more than 5 statements in a month / per statement cost)

Nil

Physical Statement

Nil

Investigations

 

SWIFT-based Inquiries: Up to 3 months old (per investigation)

Nil

For cases more than 3 months old (per investigation)

USD 50

Amendments

 

SWIFT-based amendments to payment instructions (per instruction)
- Subject to any amendment possible at the time

USD 50

Cancellations

 

SWIFT-based cancellations to payment instructions (per instruction)
- Subject to cancellation being possible at the time

USD 50

Incorrect remittances

 

Remittances received in incorrect NOSTRO

USD: $10
EUR: €20
GBP: £17.5
JPY: ¥1,750

Other Transactional / Related Services

Charges as per separate agreement

Notes:

1. Above charges are subject to revisions. Changes, if any, will be communicated from time to time.
2. Service charges, as applicable, will be levied on the standard charges and recovered from the account holder.
3. Currently facilities are only offered in USD. Once other currencies are offered, charges in those currencies will be equivalent to the USD amounts mentioned above.
4. Above table excludes fees for wealth-related products (if any).
5. Above charges are applicable from 1st June, 2022.

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