Enjoy Zero Charges on All Commonly Used Savings Account Services
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Description of Charge/Feature | Merchant Multiplier Account |
Average Monthly Balance Requirement (in ₹) | NIL |
Charges for non maintenance of required balance | NA |
Cash Deposit Free Limit | Up to 20 times credit throughput of POS + UPI (Maximum ₹30 lakhs per month) |
Cash Deposit Charges above free limit | ₹3 per 1000 |
Cheque Returns | Deposited – ₹50 per cheque, Issued- ₹250 per cheque |
Cheque Book Issuance | Free-100 leaves per month; ₹2 per leaf beyond free limit |
DD issuance | Bank Locations: Free Correspondent Locations: ₹30 per DD |
Debit Card Issuance | Free - Platinum |
Annnual Fees / Replacment | 1Free - Platinum |
ATM Transaction Charge at any ATM in India | 5 Free per month; Beyond free limit Financial: ₹20 Non-Financial: ₹8 (Free at IDFC FIRST Bank ATM) |
International ATM or POS transaction | Free, only forex mark up 2% of the transaction value will be applicable |
Intra-Bank Fund Transfer - Branch | Free |
Intra-Bank Fund Transfer -Internet Banking | Free |
RTGS Payment - Branch | Free |
RTGS Payment - Internet Banking | Free |
NEFT Payment - Branch | Free |
NEFT Payment - Internet Banking | Free |
IMPS | Free |
DD - Duplicate Issuance | Free |
DD Cancellation/Revalidation | Free |
Stop Payment per Instruction | Free |
Intra-Bank Fund Transfer Collection | Free |
RTGS Collection | Free |
NEFT Collection | Free |
Cheque Collection - Local Clearing | Free |
Outstation Cheque Collection - IDFC FIRST BANK locations | Free |
Outstation Cheque Collection - Correspondent Bank locations | Free |
Outstation Cheque Collection - Other locations | Free |
Account Statement Physical | Free |
Account Closure | Free |
SMS/ E mail Alerts | Free |
Phone Banking | Free |
Net Banking | Free |
Mobile Banking | Free |
Standing Instruction - Setup/Execution/Amendment | Free |
Bill Payment- Netbanking | Free |
Bankers Verification (Photo/ Signature/ Address) | Free |
Balance Confirmation Certificate | Free |
Record Retrieval | Free |
Interest/ TDS Certificate | Free |
Balance Enquiry (Branch/ Channels) | Free |
*All fees/charges to be paid shall be exclusive of goods and services tax(GST), as may be applicable.
Download Schedule of Charges here