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Business Banking Asset Account

Business Banking Asset Account

Details

  Average Monthly Balance (AMB)* Trade Throughput (Q) Non Maintenance charges per month
Business Banking Asset Account Zero NA NA
AMB is average of daily closing balance of each day for a month

Other charges

  Cash Deposit Free Limit Cash deposit -Charge above free limit DD payable at Correspondent Bank locations Cheque Bounce
Business Banking Asset Account 3 times average utilization or 10 times of the Maintained AMB Rs 3 per 1000 Rs 30 per DD Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque

Payment Services

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
Payable At Par Cheque Issuance Free
DD payable at IDFC FIRST BANK locations Free
DD - Duplicate Issuance Free
DD Cancellation/ revalidation Free

Collection Services

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

Foreign Currency Conversion

Converted Amount - Upto Rs. 1,00,000 0.14% of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-
Converted Amount -Rs. 1,00,001 - Rs.10,00,000 Rs. 140 Plus 0.07 % of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-
Converted Amount -10,00,001 or more Rs. 770 Plus 0.014% of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-

Miscellaneous Services

Account Statement Physical (Branch/ Channel) Free
Payable at Par Cheque Book Free
Account Closure Free
SMS/ E mail Alerts Free
Phone Banking Free
Net Banking Free
Mobile Banking Free
Standing Instruction- Set Up/Execution/Amendment Free
Bill Payment- Net Banking Free
Bankers Verification (Photo/ Signature/ Address) Free
Balance Confirmation Certificate Free
Record Retreival Free
Interest/ TDS Certificate Free
Stop Payment per Instruction Free
Balance Enquiry (Branch/ Channels) Free
Login Fees Rs. 5000
Processing Fee Upto 1%
Stamping Charges At Actuals
Over Due Interest upto 18% per annum
Over and above the regular interest rate for OD/CC, per annum basis Upto 2% of the sanctioned amount in case of OD/CC
Issuance of Solvency Certificate Upto Rs.10000
Stock Audit Charges Rs.5000 per audit
Delay in Submission of documents/ Stock statements as per sanction letter/ collateral security/security creation Rs.10000 per month
Temporary Over Draft 4% above sanctioned ROI
Adhoc OD setting up fee 4% above sanctioned ROI

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