rate & charges
- *Savings Account Interest Rate
- Basic Service & Charges
- Online Remittance
- Offline Remittance (Branch/Service Point)
- Debit Card
- General Charges
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Per annum interest on balance up to ₹ 1 Lac
2.5%
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Per annum interest on balance above ₹ 1 Lac
5%
Interest on balance greater than ₹ 2 lacs maintained with in linked account with partner bank will be as per partner bank norms.
Interest is accrued monthly and paid at the end of calendar year quarter.
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Minimum Average Monthly Balance (AMB)
Rs. 25,000
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Maximum Daily Balance
Rs. 10,00,000
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Fund Transfer to Partner Bank Linked Account through Sweep facility#
Yes
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Interest on Partner Bank Linked Account
As per Partner Bank norms.
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Balance Non- Maintenance charges per month
5% of shortfall* + GST, Subject to Min Rs. 100 + GST, Max Rs. 750 + GST
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Initial Deposit
Rs. 25,000
*Shortfall is calculated as a difference between required AMB and actual AMB maintained for a calendar month. Max charges capped at Rs. 750 + applicable taxes.
#Customers will be given a choice for opting a partner bank which will be considered for moving out excess funds. Interest rates on the funds available with partner bank will be as per the prevailing rates offered by the bank. T&C Apply.
Inward
IMPS/NEFT/RTGS
Free
Outward
-
Intra Bank (Within NSDL Payments Bank Accounts)
Free
-
IMPS
Free
-
NEFT
Free
-
RTGS
Free
NEFT - National Electronic Funds Transfer, IMPS - Immediate Payment Services, RTGS - Real Time Gross Settlement
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Cash Deposit (Not Enabled Currently)
Free upto 4 instances per month.
Beyond free limit Rs. 3 per Rs. 1000 + GST (subject to minimum Rs. 150 + GST)
-
Cash Withdrawal#
NA
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Fund Transfer (NEFT/RTGS/IMPS)
NA
#Cash withdrawal & Fund Transfer from branch will not be allowed for Savings Account customers as we do not have wet signatures for verification.
Virtual Debit Card
-
Type~
RuPay Platinum / Visa Classic
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Issuance Fee
Free
-
Annual Fee
Free
-
Daily Ecom Limit (RuPay / Visa)
Rs. 25,000 / Rs. 25,000
Physical Debit Card
-
Type
RuPay Platinum / Visa Classic
-
Issuance Fee
Rs. 300 + GST / Rs. 300 + GST
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Annual Fee (2nd Year onwards)
Rs. 300 + GST / Rs. 300 + GST
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Replacement Fee
Rs. 300 + GST / Rs. 300 + GST
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Daily Withdrawal Limit
Rs. 20,000 / Rs. 20,000
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Daily POS Limit
Rs. 50,000 / Rs. 50,000
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ATM Transaction (Per Month)
Metro - up to 3 transactions
Non-Metro - up to 5 transactions
-
ATM Charges beyond free limit
Financial= Rs 21 + GST
Non-financial = Rs 8 + GST
-
ATM decline for insufficient funds
Rs. 25 + GST
~Choice of Debit Card to be made by the customer. However Physical Debit Card, if opted, will be same as the virtual card.
Account Maintenance
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Monthly Service Fee
Rs. 5 + GST per month
-
Email Statement (Monthly)
Free
-
Physical Statement (Adhoc)
Rs. 100 + GST per request
Standing Instructions / NACH -
-
Setting up of Standing Instructions (Digitally)
Free
-
Setting up of Standing Instructions (Branch)
NA
-
Setting up of NACH
Free
-
NACH Return/Rejects
Rs. 500 + GST
Interest / Balance / TDS Certificate -
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Digital
Free
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Physical through Branch / Service Point
Rs. 50 + GST
-
TDS certificate
Free
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Account Closure Charges
* Rs. 500 + GST
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Physical Welcome Letter (Only on request)
Rs. 100 + GST
*Applicable only if the account is closed after 14 days and within 18 months of account opening. You can download Account Closure Form Here.
