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/- |
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. |
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 |
| 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 | 100 |
| 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.) | |
| Charges for non maintenance of required balance | |
| Charges (in Rs) | |
| Debit Card Type | |
| Debit Card Issuance Fee | |
| Annual Debit Card Fee | |
| Replacement of Debit Card | |
| No. of Free ATM transactions per month at any ATM in India | |
| ATM Transaction Charge at any ATM in India | |
| International ATM or POS transaction | |
| Electronic Funds Transfer (NEFT/ RTGS) Outward (through NetBanking) | |
| Electronic Funds Transfer (NEFT/ RTGS) Outward (through Branch) | Free (w.e.f. 1st July, 2019) |
| Standing Instruction- Set Up/Execution/Amendment | |
| Cheque Book Issuance (1st cheque book with account opening) | |
| Re-issue of Cheque Book | |
| Cheque Return - Deposited | |
| Cheque Return - Issued | |
| DD payable at branch locations | |
| DD - Duplicate Issuance | |
| DD Cancellation/ revalidation | |
| Cash Deposit/Withdrawal at our branches by the customer | |
| Passbook Issuance & Printing | |
| Stop Payment on Cheques |
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 |
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 |
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
| Upto Rs. | Remarks | |
| Variable rate home loans OR Hybrid rate loans during the period when the rate of interest is variable | NIL | |
| Fixed rate home loans OR Hybrid rate loans during the period when the rate of interest is Fixed | Upto 2% | Part payment fees will be charged on loan amount being part paid. |
Foreclosure fees
| Upto Rs. | Remarks | |
| Variable rate home loans OR Semi fixed rate loans during the period when the rate of interest is variable | NIL | |
| Fixed rate home loans OR Semi fixed rate loans during the period when the rate of interest is Fixed | Upto 2% | Foreclosure fees will be charged on loan amount being part paid. |
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 | Per repayment change request | |
| List of document charges | per request for copies / list of documents | |
| Duplicate No Objection certificate / No Due Certificate | Request in addition to bank's issued letter | |
| Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. | 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 |
|
| Loan rescheduling charges | ||
| PHYSICAL REPAYMENT SCHEDULE | ||
| PHYSICAL STATEMENT OF LOAN | ||
| CHEQUE SWAP CHARGES | ||
| INITIAL MONEY DEPOSIT CHARGE |
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
| Floating rate loans | >24 MOB – 0% for upto 20% of Principal outstanding – allowed only once with a gap of 12 months, else 3%;" |
|
| Fixed Rate Loans | All other loans 5% of Principal outstanding |
Foreclosure charges
| Individuals | MSME borrowers | Others | |
| Floating rate loans | — | loans up to 50 lacs - Nil charges Subject to MSME Certificate / CA certificate |
4% of principal outstanding if <=24 EMIs are cleared 3% of principal outstanding if >24 EMIs are cleared |
| Fixed Rate Loans | — | loans up to 50 lacs - Nil charges Subject to MSME Certificate / CA certificate |
5% of principal outstanding |
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 | First 5 ATM transactions - Free 6th transactions onwards : Rs. 20 + taxes for every cash withdrawal Rs. 8 + taxes for any other transactions (for e.g. balance enquiry) |
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 |
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 ; |
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 |
| 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.500 | For each presentation dishonoured |
Foreclosure charges
| 5% of principal outstanding |
Details
| Average Monthly Balance (AMB)* | Monthly Trade Throughput (Q) | Non Maintenance charges per month | |
| The following products have been launched w.e.f - 1st August 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 Lakh per month | 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 Lakh per month | 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 | |
| RTGS Collection | |
| NEFT Collection | |
| Cheque Collection - Local Clearing | |
| Outstation Cheque Collection - IDFC BANK locations | |
| Outstation Cheque Collection - Correspondent Bank locations | |
| Outstation Cheque Collection - Other locations |
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/- | |
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 |
<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>
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 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 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 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) |
<i>All fees/charges to be paid shall be exclusive of goods and services tax (GST), as may be applicable.</i>
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) | |
| Issuance against Non Fund Based Line | 3 % p.a. (Min. One Quarter) | |
| 2. Non-Financial BG's (Bid / Performance) | ||
| Issuance against 100 % Cash Margin | 3% p.a. (Min. One Quarter) | |
| Issuance against Non Fund Based Line | 3 % p.a. (Min. One Quarter) | |
| 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 ) | Rs 3 per 1000 | Rs 30 per DD | Cheque deposited – Rs. 50 per cheque Cheque issued – Rs. 250 per cheque |
| CA-GovtContracted Balance | Rs 3 per 1000 | Rs 30 per DD | Cheque deposited – Rs. 50 per cheque Cheque issued – Rs. 250 per cheque |
| SA-GovtContracted Balance | Rs 3 per 1000 | Rs 30 per DD | Cheque deposited – Rs. 50 per cheque Cheque issued – Rs. 250 per cheque |
Debit Card & ATM charges
| Annual Debit Card Fees | Rs. 250 |
| ATM transactions IDFC Bank ATMS (Financial & Non-Financial Transactions) | Free |
| ATM transactions Non IDFCBank ATMS (Financial & Non-Financial Transactions) | First 5 ATM transactions - Free 6th transactions onwards: Rs. 20 + taxes for every cash withdrawal Rs. 8 + taxes for any other transactions (for e.g. balance enquiry) |
| 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 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 | Free | Free |
| NACH Collection - Mandate (New / Modify / Cancel) | Rs 25 per mandate | Rs 25 per mandate | Rs 25 per mandate |
| Cheque Collection - Local Clearing | Free | Free | Free |
| Outstation Cheque Collection - IDFC BANK locations | Rs 25 per cheque | Rs 25 per cheque | Rs 25 per cheque |
| Outstation Cheque Collection - Other locations | Rs 50 per cheque | Rs 50 per cheque | Rs 50 per cheque |
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) | |
| Issuance against Non Fund Based Line | 3 % p.a. (Min. One Quarter) | |
| 2. Non-Financial BG's (Bid / Performance) | ||
| Issuance against 100 % Cash Margin | 1.25% p.a. (Min. One Quarter) | |
| Issuance against Non Fund Based Line | 2.5 % p.a. (Min. One Quarter) | |
| 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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For Media Contact
Ms. Freeda D'souza
022 26410786
Freeda.DSouza@idfcbank.com
X
For Media Contact
Ms. Freeda D'souza
022 26410786
Freeda.DSouza@idfcbank.com