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Schedule Of Charges

All fees/charges to be paid shall be exclusive of goods and services tax(GST), as may be applicable. The services accounting code would be provided by IDFC FIRST Bank and shall be binding on customer Debit Card.
For Rural Banking SOC click here

Savings Account with Signature Debit Card (w.e.f. 1st Sep, 2019)

Average Monthly Balance Requirement Rs. 25,000
Debit Card Type Visa Signature
Non Maintenance Charges of AMB

>= 20000 to < 25000 – Rs.50/-
>= 15000 to < 20000 – Rs. 100/-
>= 10000 to < 15000 – Rs. 150/-
>= 5000 to < 10000 – Rs 200/-
< 5000 – Rs 400/-

Transactions & Services which you enjoy without any charges

Passbook Issuance & Printing Stop Payment on Cheques
Alerts for transactions on your account Standing Instruction- Set Up/Execution/Amendment
Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward Cash Deposit/Withdrawal at our branches by the customer
Outstation Cheque Collection Phone Banking
Interest/TDS Certificate Net Banking
Balance Confirmation Certificate DD - Duplicate Issuance
Balance Enquiry (Branch/Channels) DD Cancellation/ revalidation
Anywhere banking

We will apply a charge for the following transactions or events in your account

Cheque Return – Deposited Rs. 50
Cheque Return – Issued Rs. 250
International ATM or POS transaction Free, only forex mark up 2% of the transaction value will be applicable
ATM Transaction Charge at any ATM in India (For Minor Accounts) IDFC FIRST Bank ATM: Unlimited Free

Other Bank ATM: 10 Free, 11th transaction onwards, Rs. 20 + taxes for every cash withdrawal Rs. 8 + taxes for any other transaction.
ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) IDFC FIRST Bank ATM: Financial & Non Financial Transactions: Free and Unlimited

Other Bank ATM: Financial & Non Financial Transactions: Free and Unlimited

If your balance falls below Rs. 25,000 we will charge you only to recover the cost when you do the following transactions on your account. These transactions will continue to be free of charge should you maintain a balance of Rs. 25,000 with us.

Re-issue of Cheque Book Rs. 50 per cheque book
(Free for Senior Citizen variant effective from 18th Dec'20)
DD payable at branch locations Rs. 30
Replacement of Debit Card Rs. 100
Annual Debit Card fees Rs. 100
ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) IDFC FIRST Bank ATM:
Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes
Non Financial Transactions: Free & Unlimited

Other Bank ATM:
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Zero Balance Savings Accounts with Platinum Debit Card (w.e.f. 1st Sep, 2019)

Average Monthly Balance Requirement (AMB) / Initial Payment Requirement (in Rs.) Nil /250
Charges for non maintenance of required balance Nil
Charges (in Rs)  
Debit Card Type Visa Platinum
Debit Card Issuance Fee 100
Annual Debit Card Fee 100
Replacement of Debit Card 100
ATM Transaction Charge at any ATM in India IDFC FIRST Bank ATM
Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes
Non Financial Transactions: Free & Unlimited
Non IDFC FIRST Bank ATM
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial
International ATM or POS transaction Rs 25 per balance enquiry & Rs. 125 per cash withdrawal/ POS (plus taxes). Forex mark up 2% of the transaction value will be applicable
Electronic Funds Transfer (NEFT/ RTGS) Outward (through NetBanking) Free (w.e.f. 1st July, 2019)
Electronic Funds Transfer (NEFT/ RTGS) Outward (through Branch) Free (w.e.f. 1st July, 2019)
Standing Instruction- Set Up/Execution/Amendment Free
Cheque Book Issuance (1st cheque book with account opening) Rs. 3 per cheque leaf
Re-issue of Cheque Book Rs. 3 per cheque leaf
Cheque Return - Deposited 100
Cheque Return - Issued 250
DD payable at branch locations 100
DD - Duplicate Issuance 100
DD Cancellation/ revalidation 100
Cash Deposit/Withdrawal at our branches by the customer Rs. 100 per transaction
Passbook Issuance & Printing Free
Stop Payment on Cheques Free
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Zero Balance Savings Accounts without Deliverables (w.e.f. 1st Sep, 2019)

Average Monthly Balance Requirement (AMB) / Initial Payment Requirement (in Rs.)
Nil/Nil
Charges for non maintenance of required balance
Nil
Charges (in Rs)  
Debit Card Type
NA
Debit Card Issuance Fee
NA
Annual Debit Card Fee
NA
Replacement of Debit Card
NA
No. of Free ATM transactions per month at any ATM in India
NA
ATM Transaction Charge at any ATM in India
NA
International ATM or POS transaction
NA
Electronic Funds Transfer (NEFT/ RTGS) Outward (through NetBanking)
Free (w.e.f. 1st July, 2019)
Electronic Funds Transfer (NEFT/ RTGS) Outward (through Branch) Free (w.e.f. 1st July, 2019)
Standing Instruction- Set Up/Execution/Amendment
Free
Cheque Book Issuance (1st cheque book with account opening)
NA
Re-issue of Cheque Book
NA
Cheque Return - Deposited
100
Cheque Return - Issued
250
DD payable at branch locations
100
DD - Duplicate Issuance
100
DD Cancellation/ revalidation
100
Cash Deposit/Withdrawal at our branches by the customer
100
Passbook Issuance & Printing
Free
Stop Payment on Cheques
NA
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Salary Account (w.e.f. 1st Sep, 2019)

Average Monthly Balance Requirement Nil, as long as regular monthly salary from employer is credited into the account
Debit Card Type Visa Signature / Visa Platinum / Rupay Platinum

Transactions & Services which you enjoy without any charges

Passbook Issuance & Printing Stop Payment on Cheques
Alerts for transactions on your account Cash Deposit/Withdrawal at our branches by the customer
Electronic Funds Transfer (NEFT/ RTGS/ IMPS) Inward & Outward Outstation Cheque Collection
Foreign Currency Draft Issuance Standing Instruction- Set Up/Execution/Amendment
Phone Banking Balance Confirmation Certificate
Net Banking Balance Enquiry ( Branch/ Channels)
DD - Duplicate Issuance Interest/ TDS Certificate
DD Cancellation/ revalidation Re-issue of Cheque Book
DD payable at branch locations Replacement of Debit Card
Annual Debit Card fees  

We will apply a charge for the following transactions or events in your account

Cheque Return – Deposited Rs. 50
Cheque Return – Issued Rs. 250
International ATM or POS transaction Free, only forex mark up 2% of the transaction value will be applicable
ATM Transaction Charge at any ATM in India - Corporate Salary with Signature Debit Card Unlimited Free ATM transaction is subject to at least one credit transaction (preferably salary) of Rs. 15,000 or above during the month. In case this condition is not met:
IDFC FIRST Bank ATM Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes;
Non Financial Transactions: Free & Unlimited
Non IDFC FIRST Bank ATM
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial
ATM Transaction Charge at any ATM in India - Corporate Salary with Platinum Debit Card Unlimited Free ATM transaction is subject to at least one credit transaction (preferably salary) of Rs. 10,000 or above during the month. In case this condition is not met:
IDFC FIRST Bank ATM Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes;
Non Financial Transactions: Free & Unlimited
Non IDFC FIRST Bank ATM
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial
ATM Transaction Charge at any ATM in India - Vishesh Salary with Rupay Platinum Debit Card IDFC FIRST Bank ATM Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes;
Non Financial Transactions: Free & Unlimited
Non IDFC FIRST Bank ATM
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Charges

Processing Fees Upto Rs.10,000 To be paid at the time of loan agreement execution

Other charges

  Upto Rs. Remarks
EMI bounce charges Rs.500 For each presentation dishonoured
Repayment instrument swap charges Rs.500 Per repayment change request
Copies of documents Charges Rs.500 Per request for copies
Duplicate list of documents Rs.500 Per request of list of documents
Duplicate No Objection certificate/No Due Certificate Rs.100 Request in addition to bank’s issued letter
Disbursement cheque cancellation Rs.500 per cancellation On specific request and as per bank’s internal guidelines
Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. On actuals As applicable for each state for creation of mortgage
MCLR to EBR type 0.5% of loan amount 0.5% or Rs. 20,000/- whichever is lower

Charges on account of delayed payments/defaults

  Upto Rs.
Default Interest 2% per month. Default Interest is levied in case of non-payment of the monthly payment. It is charged on the overdue instalment for the defaulted period.
Incidental charges & Expenses Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. Charged on actuals

Fees

  Upto Rs. Remarks
Switch Fees Upto 0.5% Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount.
Product Conversion Fees Upto 0.5% Conversion Fees is applicable for Short & Sweet Loan to Simple Home Loan & vice versa and applicable on the outstanding loan amount.
Re-pricing Fees Upto 2% Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan

Part payment fees

Type of Fees  Remarks
Part Payment Fees  

- Nil charges for individual and floating borrower.

- For all non-individual & fixed rate individual loans 5% of principal outstanding if part payment exceeds 25% in a financial year exclusive of taxes.

Foreclosure fees

Type of Fees  Remarks
Foreclosure Fees

- Nil for floating rate individual loans

- For floating rate non individual & fixed rate individual & non-individual loans (MOB <= 12 months - 4% of principal outstanding & MOB >= 12 months - 3% of principal outstanding exclusive of taxes)

Interest Rate

All loans disbursed on or before 30th September 2019 would continue to be linked with MCLR.

Reset Frequency

Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months.

Cash and DD charges

  Charges in INR
Cash Deposit Free Limit 1 lac
Cash deposit -Charge above free limit Rs 3 per 1000
DD payable at Correspondent Bank locations Rs 30 per DD
Cheque Return Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque

Debit Card & ATM charges

  Charges in INR
Annual charges 250
ATM transactions IDFC Bank Ltd. ATMS Free
ATM transactions Non IDFC ATMS (Cash Withdrawal, Balance Enquiry) “5 Txn per month Free,
above 5 txn, Balance Enquiry Rs 8 per Txn,
Withdrawal Rs 20 per Txn”
Reissuance (lost or damaged) Free
Cross Country Mark Up for International transactions (POS/ATM) 2%
Pin Regeneration Free

Payment Services

  Charges in INR
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
NACH Payment Free
IMPS Free
Payable At Par Cheque Issuance Free
DD payable at IDFC BANK locations Free
DD - Duplicate Issuance Free
DD Cancellation/ revalidation Free

Miscellaneous Services

  Charges in INR
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

Fees

  Upto Rs. Remarks
Switch Fees Upto 0.5% Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the principal outstanding loan amount.

Charges

PROCESSING FEES Charges Remarks
  Upto 3% of loan amount Taken at the time of loan agreement execution

Other Charges

Items Charges Remarks
Repayment instrument swap charges
Rs.500
 Per repayment change request
List of document charges
Rs.1000
 per request for copies / list of documents
Duplicate No Objection certificate / No Due Certificate
Rs.500
 Request in addition to bank's issued letter
Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc.
on actuals
 As applicable for each state for creation of mortgage
CANCELLATION AND REBOOKING CHARGES

1) For cheque encashed /RTGS cases – Rs 10000 + Interest from the date of disbursement
2) For cancellation after disbursal and cheque encashment – Rs 10000

  
Loan rescheduling charges
Rs 1000
  
PHYSICAL REPAYMENT SCHEDULE
Rs. 500
  
PHYSICAL STATEMENT OF LOAN
Rs. 500
  
CHEQUE SWAP CHARGES
Rs. 500
  
INITIAL MONEY DEPOSIT CHARGE
Rs. 6500
  

Charges on account of delayed payments / defaults

Items Charges Remarks
LATE PAYMENT/PENAL CHARGES/DEFAULT INTEREST/OVERDUE(PER MONTH) 2% of the unpaid EMI or Rs 300 whichever is higher  
EMI PICKUP/ COLLECTION CHARGES Rs. 350  
EMI bounce charges Rs.500 For each presentation dishonoured

Switch Fees

Items Charges Remarks
Switch Fees POS < =3 Cr - Rs 5000
POS> 3 cr - Rs, 10000		 Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount.

Re-pricing Fees

Items Charges Remarks
Re-pricing Fees Higher of 50% of the rate reduction * applicable POS or Rs 10,000 Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan.

Part-prepayment fees

Source of Funds - Balance Transfer Source of Funds - Own Funds
Primary Applicant Category Loan usage/
categorization		 Fixed Floating Fixed Floating
Individual Primary Applicant Category Personal 5% 0% 5% 0%
Business Purpose 5% >=24 MOB 3% else 4% 5% >=24 MOB 3% else 4%
Non Individual Primary Applicant Category Udyam Certificate available 0% 0% 0% 0%
Udyam Certificate Not available 5% >=24 MOB 3% else 4% 5% >=24 MOB 3% else 4%

Foreclosure charges

Source of Funds - Balance Transfer Source of Funds - Own Funds
Primary Applicant Category Loan usage/
categorization		 Fixed Floating Fixed Floating
Individual Primary Applicant Category Personal 5% 0% 5% 0%
Business Purpose 5% >=24 MOB 3% else 4% 5% >=24 MOB 3% else 4%
Non Individual Primary Applicant Category Udyam Certificate available 0% 0% 0% 0%
Udyam Certificate Not available 5% >=24 MOB 3% else 4% 5% >=24 MOB 3% else 4%

Interest Rate

All loans disbursed on or before 30th September 2019 would continue to be linked with MCLR.

Re-Pricing frequency

Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months.

Fees

Effective from 4th Nov 2019

  Upto Rs. Remarks
Processing fees Processing Fees will be deducted from the loan amount at the time of disbursal Up to 3.5% of loan amount Collected at the time of loan disbursal

Other Charges

Effective from 4th Nov 2019

  Upto Rs. Remarks
EMI bounce charges Rs.400 For each presentation dishonoured
Repayment instrument swap charges Rs.500 per change request
Statement of Account (Adhoc/Duplicate) Rs.500  
Duplicate No Objection certificate / No Dues Certificate Rs.500 Per request, in addition to Bank's issued letter
Cancellation/Rebooking Charges 1% of the loan amount + interest from date of disbursal till receipt of cancellation request Cancellation request to be received within 30 days of loan booking date or 1st EMI presentation date, whichever is earlier. Post which cancellation will be treated as foreclosure
Stamping Charges As per actuals  
Physical Repayment Schedule Rs. 500  
Document retrieval charges (per retrieval) Rs. 500  
EMI Pick up/ Collection Charges Rs. 350  

Charges on account of delayed payments / defaults

Effective from 4th Nov 2019

Overdue Interest 2% of the unpaid EMI or Rs 300 whichever is higher

Part Prepayment fees

  Upto Rs. Remarks
Simple Personal Loans Not applicable Part Prepayment Facility not available for Simple Personal Loans
Smart Personal Loans Maximum 40% of current Principal Outstanding is allowed for part payment once in a FY. This option is available only post initial 3 EMI payments. For availing this option 2% part payment charges is applicable on partial payment.

Foreclosure charges

  Upto Rs. Remarks
Simple Personal Loans and
Smart Personal Loans		 5% of Principal loan outstanding

Interest Rate

Interest Rate Interest Rate on your loan will be the rate as applicable at the time of signing the loan agreement basis actuals. Interest for the month will be charged on the EMI cycle basis loan outstanding on daily basis for actual number of days in a month
Registration Charges Agreement registration charges will be on actuals, to be deducted from the loan amount at the time of disbursal

Effective from 4th Nov 2019

Interest Rate Interest Rate on your loan will be the rate as applicable at the time of signing the loan agreement basis actuals. Interest for the month will be charged on the EMI cycle basis loan outstanding on daily basis for actual number of days in a month
All fees/charges to be paid shall be exclusive of goods and services tax (GST), as may be applicable. The pre-payment/foreclosure/part payment of the loan has to be done using customer’s own funds The Services accounting code would be provided by IDFC FIRST Bank and shall be binding on customer. In case customer is related person to IDFC FIRST Bank, GST, as may be applicable, needs to be paid by customer. The above stipulated Schedule of Charges is subject to be revised from time to time by the Bank as will be updated on the official website of the Bank

NRI Banking

Charges for non-maintenance of AMB is currently not applicable on NRI Account

While there is no charge for non-maintenance, certain transactions on your account, would subject to charges in the event of balances below Rs. 25,000. Balance requirement is at an account level. If you hold NRE & NRO accounts, please maintain balance in each account to enjoy these benefits.

If your balance falls below Rs. 25,000 we will charge you only to recover the cost when you do the following transactions on your account. These transactions will continue to be free of charge should you maintain a balance of Rs. 25,000 with us.

Outward foreign currency remittance Rs. 500
Re-issue of Cheque Book Rs. 50 per cheque book
DD Issuance Rs. 30
Replacement of Debit Card Rs. 100
Annual Debit Card fees Rs. 100
ATM Transaction Charge at any ATM in India IDFC FIRST Bank ATM:
Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes
Non Financial Transactions: Free & Unlimited

Other Bank ATM:
Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes
Non Financial Transactions: Free & Unlimited

We will apply a charge for the following transactions or events in your account

Cheque Return – Deposited Rs. 50
Cheque Return – Issued Rs. 250
International ATM or POS transaction Free, only forex mark up 2% of the transaction value will be applicable

Portfolio Investment Scheme (PIS) account and NRO Settlement account

Account or charge type AMC Issuance Transaction (Separate for purchase and sell)
NRE PIS 500 NIL 100
NRO Settlement 500 NIL 100
All amount in Indian rupees. Charges are excluding GST

Transactions & Services which you enjoy without any charges

Passbook Issuance & Printing Stop Payment on Cheques
Alerts for transactions on your account Standing Instruction- Set Up/Execution/Amendment
Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward Cash Deposit/Withdrawal at our branches by the customer
Phone Banking Outstation Cheque Collection
Net Banking Interest/TDS Certificate
DD - Duplicate Issuance Balance Confirmation Certificate
DD Cancellation/ revalidation Balance Enquiry (Branch/Channels)
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Savings Account with Classic Debit Card (w.e.f. 1st Sep, 2019)

Average Monthly Balance Requirement Rs. 10,000
Debit Card Type Visa Classic
Non Maintenance Charges of AMB

>= 7500 < 10000 - Rs 50 ;
>= 5000 < 7500 - Rs 250 ;
< 5000 - Rs 500

Transactions & Services which you enjoy without any charges

Passbook Issuance & Printing Stop Payment on Cheques
Alerts for transactions on your account Standing Instruction- Set Up/Execution/Amendment
Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward Cash Deposit/Withdrawal at our branches by the customer
Outstation Cheque Collection Phone Banking
Interest/TDS Certificate Net Banking
Balance Confirmation Certificate DD - Duplicate Issuance
Balance Enquiry (Branch/Channels) DD Cancellation/ revalidation

We will apply a charge for the following transactions or events in your account

Cheque Return – Deposited Rs. 50
Cheque Return – Issued Rs. 250
International ATM or POS transaction Free, only forex mark up 2% of the transaction value will be applicable
ATM Transaction Charge at any ATM in India (For Minor Accounts) IDFC FIRST Bank ATM: Unlimited Free

Other Bank ATM: 10 Free, 11th transaction onwards, Rs. 20 + taxes for every cash withdrawal Rs. 8 + taxes for any other transaction.
ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) IDFC FIRST Bank ATM
Financial Transactions: 5 Free, 6th onwards Rs. 20 + taxes
Non Financial Transactions: Free & Unlimited
Non IDFC FIRST Bank ATM
Financial & Non Financial Transaction: 5 Free, 6th onwards Rs. 20 + taxes for Financial & Rs. 8 + taxes for Non Financial

If your balance falls below Rs. 10,000 we will charge you only to recover the cost when you do the following transactions on your account. These transactions will continue to be free of charge should you maintain a balance of Rs. 10,000 with us.

Re-issue of Cheque Book Rs. 50 per cheque book
(Free for Senior Citizen variant effective from 18th Dec'20)
DD payable at branch locations Rs. 30
Replacement of Debit Card Rs. 100
Annual Debit Card fees Rs. 100
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Charges

Items Charges Remarks
PROCESSING FEES Upto 3.5% of loan amount Taken at the time of loan agreement execution

Other charges

Items Charges Remarks
Repayment instrument swap charges Rs.500 Per repayment change request
Duplicate No Objection certificate / No Due Certificate Rs.500 Request in addition to bank's issued letter
Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. on actuals As applicable for each state for creation of mortgage
CANCELLATION AND REBOOKING CHARGES 1% of the loan amount + Interest from date of disbursal till receipt of cancellation request , the request to be received in 30 days or 1st EMI presentation date , post which cancellation will be treated as foreclosure  
PHYSICAL REPAYMENT SCHEDULE Rs. 500  
PHYSICAL STATEMENT OF LOAN Rs. 500  
CHEQUE SWAP CHARGES Rs. 500  

Charges on account of delayed payments / defaults

Items Charges Remarks
LATE PAYMENT/PENAL CHARGES/DEFAULT INTEREST/OVERDUE(PER MONTH) 2% of the unpaid EMI or Rs 300 whichever is higher  
EMI PICKUP/ COLLECTION CHARGES Rs. 350  
EMI bounce charges Rs.400 For each presentation dishonoured

Foreclosure charges

5% of principal outstanding

Future First Account

Average Monthly Balance Requirement Rs. 0
Debit Card Type Visa Signature
Non Maintenance Charges of AMB

Nil

Transactions & Services which you enjoy without any charges

Passbook Issuance & Printing Stop Payment on Cheques
Alerts for transactions on your account Standing Instruction- Set Up/Execution/Amendment
Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward Cash Deposit/Withdrawal at our branches by the customer
Outstation Cheque Collection Phone Banking
Interest/TDS Certificate Net Banking
Balance Confirmation Certificate DD - Duplicate Issuance
Balance Enquiry (Branch/Channels) DD Cancellation/ revalidation

We will apply a charge for the following transactions or events in your account

Cheque Return – Deposited Rs. 50
Cheque Return – Issued Rs. 250
International ATM or POS transaction Free, only forex mark up 2% of the transaction value will be applicable
ATM Transaction Charge at any ATM in India (For Minor Accounts) IDFC FIRST Bank ATM: Unlimited Free

Other Bank ATM: 10 Free, 11th transaction onwards, Rs. 20 + taxes for every cash withdrawal Rs. 8 + taxes for any other transaction.
ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) IDFC FIRST Bank ATM: Financial & Non Financial Transactions: Free and Unlimited

Other Bank ATM: Financial & Non Financial Transactions: Free and Unlimited
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

Suvidha Shakthi Loan Details

Rate of Interest 16-20%
Processing Fee 1%+ GST (For Loan Amount above ₹ 25,000).
Pre-closure/ Foreclosure 1. Loan can be foreclosed anytime without any penalty.
2. Any members from the household can pre-close.
Stamp Duty Charges As per actuals

Two Wheeler Fees and Charges

Products/Type of charges TWO WHEELER
EMI Bounce charges per presentation* 400
Late payment/Penal charges/ Default interest/Overdue (per month) 2% per month of the unpaid EMI or Rs 300 whichever is higher
Cheque Swap charges (per swap)* 500
Cancellation & Rebooking charges 1000 towards Cancellation + Additional Interest charges from date of disbursal till receipt of cancellation. Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure
Foreclosure / Prepayment charges* 5% of principle outstanding amount
Loan re scheduling charges (per re scheduling) NA
Duplicate No Objection Certificate Issuance Charges* 500
Physical Repayment Schedule * 500
Physical Statement of Account* 500
Document retrieval charges (per retrieval)* 500
Stamping Charges As per actuals
Processing fees Up to 5% of the total amount
List of Documents NA
Part Payment charges Part Payment is not allowed
Initial Money Deposit/ Application Fees (Non-refundable) NA
Easy Buy Card Replacement Fee (If Easy Buy Card Applicable) 99
EBC & Push Card fee(if applicable) 499
Admin Fee (if applicable) Upto Rs.1200
PDD charges Upto Rs.1000
Other Charges (if applicable) Upto Rs.1000
EMI Pickup/ Collection Charges* 350
Pre EMI 350
Security Post Dated Cheque Waiver 500
Legal/Collections/ Repossession & Incidental Charges As per actuals
Valuation Charges (If applicable) As per actuals

*Charges above are exclusive of GST

Pre-owned / New Car Loans Fees and Charges

Products/Type of charges* USED CAR/NEW CAR
EMI Bounce charges per presentation 400
Late payment/Penal charges/ Default interest/Overdue (per month) 2% per month of the unpaid EMI or Rs 300 whichever is higher
Cheque Swap charges (per swap) 500
Cancellation & Rebooking charges 10000 towards Cancellation. + Additional Interest charges from date of disbursal till receipt of cancellation. Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure.
Foreclosure / Prepayment charges* 5% of principle outstanding amount
Loan re scheduling charges (per re scheduling) NA
Physical Repayment Schedule 500
Physical Statement of Account 500
Document retrieval charges (per retrieval) 500
Stamping Charges As per actuals
Processing fees Up to 3.5% of the total amount
List of Documents NA
Part Payment charges Part Payment is not allowed
Initial Money Deposit/ Application Fees (Non-refundable) NA
EBC Replacement Fee (if EBC Applicable) 100
EBC & Push Card Annual Fee (if Applicable) 99
EMI Pickup/ Collection Charges 350
Admin Charges(If Applicable) 2500
Valuation Charges(If Applicable) 600
PDD Charges 500
Legal/Collections/ Repossession & Incidental Charges As per actuals

*Charges above are exclusive of GST

Charges

MBL CHARGES CHARGE AMOUNT
EMI Bounce charges per presentation 400 (Exclusive of GST)
Late payment/Penal charges / default interest (per month) 2% per month (Exclusive of GST) of the unpaid EMI or Rs 300 (Exclusive of GST) whichever is higher
Cheque/ Instrument Swap charges (per swap) 500 (Exclusive of GST)
Cancellation & Rebooking charges 1% of the loan amount + interest from date of disbursal till receipt of cancellation request Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure
Processing fees Up to 3.5% of the total amount (Exclusive of GST)
Foreclosure / Prepayment charges 5% of Principal outstanding Exclusive of GST
Part Payment charges Part Payment is not allowed
Loan re scheduling charges (per re scheduling) 300 Exclusive of Taxes
Duplicate No Objection Certificate Issuance Charges 500 Exclusive of GST
Repayment Schedule 500 Exclusive of GST
Statement of Account 500 Exclusive of GST
Document retrieval charges (per retrieval) 500 Exclusive of GST
Stamping Charges As per actuals
EMI Pick up/ Collection Charges 350 Exclusive of GST
Initial Money Deposit charges 3000 Exclusive of GST
Loan protect Insurance As applicable
Personal Accident Insurance As applicable
Facilitation Fee As applicable
EBC Annual Fee (if availed) 500 Exclusive of GST

Foreclosure Charges

UCTS/TYPE OF CHARGES Consumer Durable/ Consumption Finance
EMI Bounce charges per presentation 400
Late payment/Penal charges/ Default interest/Overdue (per month) 2% per month of the unpaid EMI or Rs 300 whichever is higher
Cheque Swap charges (per swap) 500
Cancellation & Rebooking charges 1000 or 5% of loan amount - whichever is higher
Foreclosure / Prepayment charges* 5% of principle outstanding amount
Loan re scheduling charges (per re scheduling) NA
Duplicate No Objection Certificate Issuance Charges 500
Physical Repayment Schedule 500
Physical Statement of Account 500
Document retrieval charges (per retrieval) 500
Stamping Charges As per actuals
Processing fees -
List of Documents NA
Part Payment charges Part Payment is not allowed
Initial Money Deposit/ Application Fees (Non-refundable) NA
EBC Replacement Fee (if EBC Applicable) 100
Easy Buy Card Replacement Fee (If Easy Buy Card Applicable) NA
EBC & Push Card Annual Fee 99
EMI Pickup/ Collection Charges 350
Admin Charges (If Applicable) NA
Pre EMI NA

SCHEDULE OF CHARGES (As Amended/revised From Time To Time)

Loan Processing Fees: 1% of Loan Amount
Penal Interest: 6% pa on outstanding amount
Loan cancelation charges (after disbursal): Rs. 1000/-
Cheaue bounce charges: Rs. 350/-
Cheaue/ECS swap charges: Rs. 500/-
Stamp duty charges: As per Actuals
Valuation Charges: INR 550/-
Part-payment charges: Nil
Foreclosure charges: Nil

Note: Goods & Service charges are as applicable for all the above charge

Details

  Average Monthly Balance (AMB)* Monthly Trade Throughput (Q) Non Maintenance charges per month
(w.e.f 1st September 2019)
Freedom Current Account - 2 Lakh 2 Lakhs NA >= 150000 to < 2 lac – Rs.1000/-
>= 50000 to < 150000 – Rs. 2000/-
< 50000 – Rs 3000/-
Current Account - 1 Lakh 1,00,000 NA >= 75,000 to < 1 Lakh – Rs.500/-

>= 50,000 to < 75,000 – Rs. 750/-

< 50,000 – Rs 1,000/-
Current Account - 50 K 50,000 NA >= 35,000 to < 50,000 – Rs.350/-

>= 25,000 to < 35,000 – Rs. 500/-

< 25,000 – Rs 750/-
Current Account - 25 K 25,000 NA >= 15,000 to < 25,000 – Rs.250/-

>= 7,500 to < 15,000 – Rs. 350/-

< 7,500 – Rs 500/-
Current Account - 10 K 10,000 NA >= 7,500 < 10,000 - Rs 100/-

>= 5,000 < 7,500 - Rs 250 /-

< 5,000 - Rs 350/-
Freedom World Business Account - 2 Lakh 2 Lakhs NA >= 150000 to < 2 lac – Rs.1000/-
>= 50000 to < 150000 – Rs. 2000/-
< 50000 – Rs 3000/-
World Business Account - 1 Lakh 1,00,000 USD 30,000 >= 75,000 to < 1 Lakh – Rs.500/-

>= 50,000 to < 75,000 – Rs. 750/-

< 50,000 – Rs 1,000/-
World Business Account - 50 K 50,000 USD 15,000 >= 35,000 to < 50,000 – Rs.350/-

>= 25,000 to < 35,000 – Rs. 500/-

< 25,000 – Rs 750/-
World Business Account - 25 K 25,000 USD 5,000 >= 15,000 to < 25,000 – Rs.250/-

>= 7,500 to < 15,000 – Rs. 350/-

< 7,500 – Rs 500/-
Customisable Current Account - 50 K 50,000 NA >= 35,000 to < 50,000 – Rs.350/-

>= 25,000 to < 35,000 – Rs. 500/-

< 25,000 – Rs 750/-
  Average Monthly Balance (AMB)* Monthly Trade Throughput (Q) Non Maintenance charges per month
Dynamic / Dynamic Plus Business Account Zero NA NA
World Business Account Zero Zero NA
Truly One Account Zero NA NA
TASC Dynamic / Dynamic Plus Current Account Zero NA NA
TASC Dynamic / Dynamic Plus Savings Account Zero NA NA
Regular Business Account 10,000 NA Rs 300
Regular Business Account 1 Lakh 1,00,000 NA Rs 500
AMB is average of daily closing balance of each day for a month

Other charges

  Cash Deposit Free Limit Free Cheque leaves DD payable at Correspondent Bank locations Cheque Bounce
Freedom Current Account - 2 Lakh Rs.30 Lakhs per month; above which charged at Rs. 3 per 1000 Free Free Free upto 10 instances of Cheque returns on Deposited Cheques; thereafter, Deposited – Rs. 50 per cheque, Issues Rs.250 per cheque
Current Account - 1 Lakh 12 Lakh
Above which charged at Rs.3 per 1000		 300 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Current Account - 50 K 6 Lakh
Above which charged at Rs.3 per 1000		 200 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Current Account - 25 K 3 Lakh
Above which charged at Rs.3 per 1000		 50 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Current Account - 10 K 2 Lakh
Above which charged at Rs.3 per 1000		 25 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Bank Locations - Free
Correspondent Bank locations Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Freedom World Business Account - 2 Lakh Rs.30 Lakhs per month; above which charged at Rs. 3 per 1000 Free Free Free upto 10 instances of Cheque returns on Deposited Cheques; thereafter, Deposited – Rs. 50 per cheque, Issues Rs.250 per cheque
World Business Account - 1 Lakh 12 Lakh
Above which charged at Rs.3 per 1000		 300 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
World Business Account - 50 K 6 Lakh
Above which charged at Rs.3 per 1000		 200 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
World Business Account - 25 K 3 Lakh
Above which charged at Rs.3 per 1000		 50 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Customisable Current Account - 50 K 12 times of maintained AMB
Above which charged at Rs.3 per 1000		 200 cheques per month Free Above which charged at
Rs.2/- per additional leaf		 Free Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Dynamic / Dynamic Plus Business Account 10 times of the Maintained AMB
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
World Business Account 10 times of the Maintained AMB + 20 times $ trade volumes
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Truly One Account 10 times of maintained AMB in CA
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
TASC Dynamic / Dynamic Plus Current Account 10 times of the Maintained AMB
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
TASC Dynamic / Dynamic Plus Savings Account 5 times of the Maintained AMB
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Regular Business Account 1 Lakh
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Regular Business Account 1 Lakh 10 Lakh
Above which charged at Rs.3 per 1000		 Unlimited Free Free upto 8 DDs (cap of Rs.10 Lakh per DD)
Above which charged at Rs.30/-		 Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque

Debit Card & ATM charges

  Debit Card Issuance fee Annual / Reissuance fee ATM Transactions
Freedom Current Account - 200K Signature Debit Card - Free Free Free - ATM in India,
International ATM or POS transaction - Free,only forex mark up 2% of the transaction value will be applicable
Current Account - 1 lac Signature Debit Card -Free Free 25 free per month at any ATM.
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Current Account - 50 K Signature Debit Card -
Rs 250		 Rs 250 15 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Current Account - 25 K Platinum Debit Card -
Rs 100		 Rs 100 10 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Current Account - 10 K Platinum Debit Card -
Rs 100		 Rs 100 5 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Freedom World Business Account - 200K Signature Debit Card - Free Free Free - ATM in India,
International ATM or POS transaction - Free,only forex mark up 2% of the transaction value will be applicable
World Business Account - 1 lac Signature Debit Card -Free Free 25 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
World Business Account - 50 K Signature Debit Card -
Rs 250		 Rs 250 15 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
World Business Account - 25 K Platinum Debit Card -
Rs 100		 Rs 100 10 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Customisable Current Account - 50 K Signature Debit Card -
Rs 250		 Rs 250 15 free per month at any ATM
Above which charged at
Rs. 20 + taxes for every cash withdrawal

Rs. 8 + taxes for any other transaction

Non-Financial Transactions: Free at IDFC FIRST Bank ATM
Dynamic / Dynamic Plus Business Account,
WBA , Truly One Account,
TASC ( CA & SA) ,
Regular Business Account & Regular Business Account 1 lac		 Free Free Free
International ATM or POS transaction 2% mark-up of the transaction value
Pin Regeneration Free

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
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

Doorstep Banking Charges

Doorstep Banking Services
Cash Services
Within City Limits
Beyond City Limits
(Extending within 5 kms of Municipal Limits)
Daily Service
On Call Service
Daily Service
On Call Service
Daily Pick-up / Delivery Limits
Monthly Charges Rs.
Per Request Charges Rs.
Monthly Charges Rs.
Per Request Charges Rs.
0 to 1 Lakh
2,000
150
3000
225
Above 1 Lakh to 2 Lakhs
2,300
200
3450
300
Above 2 Lakhs to 5 Lakhs
5,000
400
7500
600
Above 5 Lakhs to 10 Lakhs
7,500
800
11250
1200
Above 10 Lakhs
Case to Case Basis
Distance Pick-up (beyond 5 kms of Municipal Limits)
Case to Case Basis
Additional Charges
Extra Daily Cash pick-up charges
Rs. 50 for every incremental Rs. 50,000/- deposition
Cash counting & verification
at customer premises
Rs. 0.40 per Rs. 1000
Doorstep Banking Cheque Collections
Business Banking Customers
(Beat / Adhoc Services)
Free for 1 location
Senior / Super Senior Citizens
Free for 1 location
“Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges. The charges as indicated above are subject to periodic revision.

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/-

<i>Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.</i>

Transactions & Services which you enjoy without any charges

Account Statement Physical
(Branch/ Channel)		 Bill Payment- Net Banking
Balance Enquiry (Branch/ Channels) Bankers Verification (Photo/ Signature/ Address)
SMS/ E mail Alerts Balance Confirmation Certificate
Phone Banking Record Retrieval
Net Banking Interest/ TDS Certificate
Mobile Banking Stop Payment per Instruction
Standing Instruction- Set Up/Execution/Amendment Account Closure

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

<div class="customText parbase section"><table class="test formtable" style="background-color: rgba(245, 245, 245, 0.6); border: none;"> <tbody><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Account Statement Physical (Branch/ Channel)</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Payable at Par Cheque Book</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Account Closure</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">SMS/ E mail Alerts</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Phone Banking</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Net Banking</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Mobile Banking</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Standing Instruction- Set Up/Execution/Amendment</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Bill Payment- Net Banking</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Bankers Verification (Photo/ Signature/ Address)</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Balance Confirmation Certificate</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Record Retreival</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Interest/ TDS Certificate</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Stop Payment per Instruction</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Balance Enquiry (Branch/ Channels)</td> <td style="border: solid 1px #DFDFDF;">Free</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Login Fees</td> <td style="border: solid 1px #DFDFDF;">Rs. 5000</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Processing Fee</td> <td style="border: solid 1px #DFDFDF;">Upto 1%</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Stamping Charges</td> <td style="border: solid 1px #DFDFDF;">At Actuals</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Over Due Interest</td> <td style="border: solid 1px #DFDFDF;">upto 18% per annum</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Over and above the regular interest rate for OD/CC, per annum basis</td> <td style="border: solid 1px #DFDFDF;">Upto 2% of the sanctioned amount in case of OD/CC</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Issuance of Solvency Certificate</td> <td style="border: solid 1px #DFDFDF;">Upto Rs.10000</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Stock Audit Charges</td> <td style="border: solid 1px #DFDFDF;">Rs.5000 per audit</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Delay in Submission of documents/ Stock statements as per sanction letter/ collateral security/security creation</td> <td style="border: solid 1px #DFDFDF;">Rs.10000 per month</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Temporary Over Draft</td> <td style="border: solid 1px #DFDFDF;">4% above sanctioned ROI</td> </tr><tr style="text-align: center;"><td style="border: solid 1px #DFDFDF;">Adhoc OD setting up fee</td> <td style="border: solid 1px #DFDFDF;">4% above sanctioned ROI</td> </tr></tbody></table> </div>
<i>Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.</i>

Charges

Processing fees (Non-Refundable) Exposure above INR 5 Lakh : Up to 0.50% of the Loan Amount
Documentation charges Upto INR 10,000/-
Stamp Duty At Actuals
Valuation At Actuals
Asset Verification At Actuals
EMI Return INR 500/- per EMI bounce
Late Payment 3% per month on outstanding (Principal, Interest)
Cheque/ECS Swap INR 500/- per transaction [Other bank to IDFC First Bank swapping - nil]
Duplicate Amortisation Schedule INR 200/- per schedule
Loan Re-scheduling /Rebooking INR 1500/- per loan
Duplicate/Special NOC INR 500/- per instance
Statement of Account INR 200/- per statement
Foreclosure/Prepayment Exposure above INR 50 Lakh: 4.00% of the principal outstanding
Legal/Collection/Repossession and Incidental
Charges		 At Actuals
Loan Cancellation Loan Cancellation Charges INR 1000/- per
Loan Account
(Gap interest to be borne by customer along with No refund/waiver
of Processing fee, Stamp Duty and any other charges)

All fees/charges to be paid shall be exclusive of goods and services tax (GST), as may be applicable.

Interest Rate

Interest Rate Minimum : 9.50%
Maximum : 24.00%

Imports

  Charges Minimum (INR)
1. Letters of credit issuance commission    
Letter of Credit issuance commission Non Fund based line 2% P.A 2000
Commitment 0.15% per Quarter or part thereof 2000
Sight / Usance (upto 30 days) 0.15% flat 2000
Usance (30 to 90 days) 0.30% flat 2000
Usance(Over  90 days) 0.30% flat for first 3 months + 0.1% per additional month or part thereof 3000
Letter of Credit Issuance against Cash Margin 3% P.A 2000
Sight / Usance(upto 30 days) 0.25% flat 2000
Usance(30 to 90 days) 0.75% flat 2000
Usance(Over  90 days) 0.75% flat for first 3 months + 0.25% per additional month or part thereof 2000
Retirement (FX Through Bank) 0.15% flat 1000
Retirement (No FX Through Bank) 0.25% flat 1000
2. Amendments to LCs    
Financial 2% p.a. for non fund based line, 3% p.a. againt cash margin 2000
Non - Financial INR 1000  
Cancellation of LCs INR 2000  
3. Documentary Collections    
Import Bills on Collections 0.15% flat 1000
Import Bills - Direct Collections 0.15% flat 1000
Advance Import Payment 0.15% flat 1000
4. Other    
Follow up charges for non submission of Bill of Entry (per reminder) INR 250  
BEF Reporting Charges (per reporting) INR 250  
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account) 0.25 1000
Bills Returned Unpaid (Overdue > 90 days) USD 100  
Discrepancy fee per bill – Import bill USD 100  
5. Trade Credits    
Processing charge for Letter of Undertaking/ Letter of Comfort INR 2500  
Handling charges for Roll Over requests INR 1000  

Exports

  Charges Minimum (INR)
1. Letters of credit    
Advising Letter of Credit (LC) INR 1000  
Advising LC Amendments INR 1000  
Request for cancellation of LCs INR 1000  
Transfer of LCs  INR 2000  
2. Export Negotiations and Collections    
Negotiation/Scrutiny / Examinations of documents under Confirmed / Unconfirmed LC 0.15% Flat 2000
Export Bills on Collections 0.0625% flat 1000
Export Bills on Collections - Under LC (Under Approval, Without Scrutiny) 0.0625% flat 1000
3. Others    
Handling GR of bills directly dispatched by drawers INR 2000  
SOFTEX Realization / Handling charges  INR 2000  
Bank Realization Certificate Charges INR 300  
Extension of time for realisation of export proceeds INR 1500  
Write off / Reduction in invoice value of export bills INR 1500  
Follow up for submission of Order Copy for Packing credit INR 500  
Follow up charges for o/s export bills (overdue, follow up with foreign bank) INR 500  
Request to change Buyer / Consignee INR 1500  
Export Advance follow up  INR 250 per quarter  
Issuance of GR waiver Certificate (approved by us) INR 1000  

Bank Guarantees (BG)

  Charges Minimum (INR)
1. Financial BG's    
Issuance against 100 % Cash Margin 3% p.a. (Min. One Quarter)
2000
Issuance against Non Fund Based Line 3 % p.a. (Min. One Quarter)
2000
2. Non-Financial BG's (Bid / Performance)    
Issuance against 100 % Cash Margin 3% p.a. (Min. One Quarter)
2000
Issuance against Non Fund Based Line 3 % p.a. (Min. One Quarter)
2000
Amendment to Guarantees    
Financial Same as Issuance Charges  
Non - Financial INR 1000  
Cancellation of Guarantees Free  
Invocation Charges INR 1000  
Co-acceptance commission Same as Financial Guarantee Issuance  
Issuance of Shipping Guarantee / Delivery Order - over & above BG Issuance charges) INR 1000  
Follow up for non submission of documents under Delivery Order issued INR 250  

Remittances

  Charges Minimum (INR)
1. Outward Remittances    
On all foreign currency remittances other than for payment of imports 0.25% flat 1000
2. Inward Remittances    
Processing of Inward Remittance Free  
Issuance of FIRC / FIRA Free  
Duplicate FIRC / FIRA Free  

Inland Trade

  Charges Minimum (INR)
1. Letters of credit    
Letter of Credit issuance commission 2% p.a. for non fund based line, 3% p.a. againt cash margin 2000
Commitment 0.25% per Quarter or part thereof 2000
Sight / Usance (upto 30 days) 0.25% flat 1500
Usance (30 to 90 days) 0.40% flat 2000
Usance (Over  90 days) 0.40% flat for first 3 months + 0.25% per additional month or part thereof 2000
Retirement 0.20% flat 1000
2. Amendments to LCs    
Financial 2% p.a. for non fund based line, 3% p.a. againt cash margin 2000
Non - Financial INR 1000  
LC Cancellation INR 2000  
Discrepancy fee per bill INR 2000  
3. Discounting    
LCBD / BD / Invoice Financing / PO Financing ( In addition to finance charges) INR 1000  
Negotiation of bills under LCs issued by us 0.25% flat 1000
4. Collections    
Documentary Collection Inward 0.25% flat 1000
Documentary Collection Outward 0.25% flat 1000
Outward Bills Under Inland LC 0.25% + INR 1500 Scrutiny 2000
5. Other    
Follow up for overdue Bills (per follow up per bill) - Outward Collection Bills INR 250  
Dishonoured bills / document return charges INR 1000  

Miscellaneous

  Charges
Status Report (per report) INR 10000
1. Swift / SFMS Charges  
LC Issuance INR 1000
Amendments to LC INR 1000
Other Swift Messages/Follow-ups/Tracers INR 1000
2. Courier  
Domestic INR 250
International INR 1000
Merchanting Trade Transaction INR 2000
Follow up - Merchanting Trade Transaction (opposite leg) INR 250
Any requests to other banks INR 1000

Details

  Average Monthly Balance (AMB)* Non Maintenance charges per month
CA Zero Bal( For Wholesale banking- to be offered to large corporates ) Zero NA
CA-GovtContracted Balance Zero NA
SA-GovtContracted Balance Zero NA
*AMB is average of daily closing balance of each day for a month

Other charges

  Cash deposit Charge DD payable at Correspondent Bank locations Cheque Return
CA Zero Bal( For Wholesale banking- to be offered to large corporates ) NIL NIL NIL
CA-GovtContracted Balance NIL NIL NIL
SA-GovtContracted Balance NIL NIL NIL

Debit Card & ATM charges

Annual Debit Card Fees NIL
ATM transactions IDFC FIRST Bank ATMS (Financial & Non-Financial Transactions) Free
ATM transactions Non IDFC FIRST Bank ATMS (Financial & Non-Financial Transactions) Unlimited Free
Reissuance (lost or damaged) Free
Add On Card Free
International ATM or POS Transactions 2% mark-up of the transaction value
Pin Regeneration Free

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
NACH Payment 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

  CA Zero Bal( For Wholesale banking- to be offered to large corporates ) CA-GovtContracted Balance SA-GovtContracted Balance
Intra-Bank Fund Transfer Collection Free Free Free
RTGS Collection Free Free Free
NEFT Collection Free Free Free
NACH Collection - Transaction Free Please contact your Relationship Manager
NACH Collection - Mandate (New / Modify / Cancel) Rs 25 per mandate Please contact your Relationship Manager
Cheque Collection - Local Clearing Free Free Free
Outstation Cheque Collection - IDFC FIRST BANK locations Rs 25 per cheque Please contact your Relationship Manager
Outstation Cheque Collection - Other locations Rs 50 per cheque Please contact your Relationship Manager

Miscellaneous Services

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 Retrieval Free
Interest/ TDS Certificate Free
Stop Payment per Instruction Free
Balance Enquiry (Branch/ Channels) Free

Imports

  Charges Minimum (INR)
1. Letters of credit issuance commission    
Commitment 0.15% per Quarter or part thereof 2000
Sight / Usance (upto 30 days) 0.15% flat 2000
Usance (30 to 90 days) 0.30% flat 2000
Usance (Over  90 days) 0.30% flat for first 3 months + 0.1% per additional month or part thereof 3000
Retirement (FX Through Bank) 0.15% flat 1000
Retirement (No FX Through Bank) 0.25% flat 1000
2. Amendments to LCs    
Financial same as Imports LC Issuance  
Non - Financial INR 1500  
Cancellation of LCs INR 1500  
3. Documentary Collections    
Import Bills on Collections 0.15% flat 1500
Import Bills - Direct Collections 0.15% flat 1500
Advance Import Payment 0.15% flat 1500
4. Other    
Follow up charges for non submission of Bill of Entry (per reminder) INR 250  
BEF Reporting Charges (per reporting) INR 750  
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account) 0.25% flat 1000
Bills Returned Unpaid (Overdue > 90 days) USD 100  
Discrepancy fee per bill – Import bill USD 100  
5. Trade Credits    
Processing charge for Letter of Undertaking/ Letter of Comfort INR 2500  
Handling charges for Roll Over requests INR 1500  

Exports

  Charges Minimum (INR)
1. Letters of credit    
Advising Letter of Credit (LC) INR 1500  
Advising LC Amendments INR 1500  
Request for cancellation of LCs INR 1500  
Transfer of LCs  INR 2500  
2. Export Negotiations and Collections    
Negotiation/Scrutiny / Examinations of documents under Confirmed / Unconfirmed LC 0.15% Flat 1500
Export Bills on Collections 0.0625% flat 1500
Export Bills on Collections - Under LC (Under Approval, Without Scrutiny) 0.0625% flat 1500
3. Others    
Handling GR of bills directly dispatched by drawers INR 2000  
SOFTEX Realization / Handling charges  INR 2000  
Bank Realization Certificate Charges INR 300  
Extension of time for realisation of export proceeds INR 1500  
Write off / Reduction in invoice value of export bills INR 1500  
Follow up for submission of Order Copy for Packing credit INR 500  
Follow up charges for o/s export bills (overdue, follow up with foreign bank) INR 500  
Request to change Buyer / Consignee INR 1500  
Export Advance follow up  INR 750 per quarter  
Issuance of GR waiver Certificate (approved by us) INR 2500  

Bank Guarantees (BG)

  Charges Minimum (INR)
1. Financial BG's    
Issuance against 100 % Cash Margin 1.5% p.a. (Min. One Quarter)
1500
Issuance against Non Fund Based Line 3 % p.a. (Min. One Quarter)
1500
2. Non-Financial BG's (Bid / Performance)    
Issuance against 100 % Cash Margin 1.25% p.a. (Min. One Quarter)
1500
Issuance against Non Fund Based Line 2.5 % p.a. (Min. One Quarter)
1500
Amendment to Guarantees    
Financial Same as Issuance Charges  
Non - Financial INR 1500  
Cancellation of Guarantees INR 1500  
Invocation Charges INR 1000  
Co-acceptance commission Same as Financial Guarantee Issuance  
Issuance of Shipping Guarantee / Delivery Order - over & above BG Issuance charges) INR 1500  
Follow up for non submission of documents under Delivery Order issued INR 1000  

Remittances

  Charges Minimum (INR)
1. Outward Remittances    
On all foreign currency remittances other than for payment of imports 0.25% flat 500
2. Inward Remittances    
Processing of Inward Remittance INR 1000  
Issuance of FIRC / FIRA INR 500  
Duplicate FIRC / FIRA INR 1000  

Inland Trade

  Charges Minimum (INR)
1. Letters of credit     
Commitment 0.25% per Quarter or part thereof 2000
Sight / Usance (upto 30 days) 0.25% flat 1500
Usance (30 to 90 days) 0.40% flat 2000
Usance (Over  90 days) 0.40% flat for first 3 months + 0.25% per additional month or part thereof 3000
Retirement 0.20% flat 1000
2. Amendments to LCs    
Financial same as Inland LC Issuance  
Non - Financial INR 1500   
LC Cancellation INR 1500  
Discrepancy fee per bill INR 2000  
3. Discounting    
LCBD / BD / Invoice Financing / PO Financing ( In addition to finance charges) INR 1000  
Negotiation of bills under LCs issued by us 0.25% flat 500
4. Collections    
Documentary Collection Inward 0.25% flat 2500
Documentary Collection Outward 0.25% flat 2500
Outward Bills Under Inland LC 0.25% + INR 1500 Scrutiny 3500
5. Other    
Follow up for overdue Bills (per follow up per bill) - Outward Collection Bills INR 500  
Dishonoured bills / document return charges INR 1000  

Miscellaneous

  Charges Minimum (INR)
Status Report (per report) INR 10000  
1. Swift / SFMS Charges    
LC Issuance INR 1500  
Amendments to LC INR 1000  
Other Swift Messages/Follow-ups/Tracers INR 750  
2. Courier    
Domestic INR 500  
International INR 1000  
Merchanting Trade Transaction INR 5000  
Follow up - Merchanting Trade Transaction (opposite leg) INR 500  
Any requests to other banks INR 1000  
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Contact us

REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com

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