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

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.)
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

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

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

Charges

Items (INR) Loan Against Property Remarks
Processing fees Upto 1% of Loan Amount Taken at the time of loan agreement execution

Other Charges

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 / list of documents
Duplicate List of documents
Rs.500
per request of list of documents
Duplicate No Objection certificate / No Due Certificate
Rs.500
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

Charges on account of delayed payments / defaults

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.

Switch Fees

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

Product Conversion Fees Upto 0.5% Conversion Fees is applicable for Short & Sweet Loan to Simple Loan against property & vice versa and applicable on the outstanding loan amount.

Re-pricing Fees

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.
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.

Part-prepayment fees

 
Individuals
MSME borrowers
Others
Floating rate loans
NIL
NIL
For part-prepayments more than 25% of the opening principal of the financial year, charges will be levied upto the rate of 2% (plus taxes & surcharge)
Fixed Rate Loans
NIL for loans upto Rs 50 lacs

Loans above 50 Lacs
For part-prepayments more than 25% of the opening principal of the financial year, charges will be levied upto the rate of 2%
For part-prepayments more than 25% of the opening principal of the financial year, charges will be levied upto the rate of 2%

Foreclosure charges

  Individuals MSME borrowers Others
Floating rate loans NIL NIL 4% of principal outstanding if loan foreclosed within 12 months of loan disbursement 2% of principal outstanding after 12 months of loan disbursement.
Fixed Rate Loans NIL 4% of principal outstanding if loan foreclosed within 12 months of loan disbursement 2% of principal outstanding after 12 months of loan disbursement.

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.

Short & Sweet LAP loans

These charges in Short and Sweet LAP are in addition to the charges mentioned for Loan Against Property

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
Processing fees Processing Fees will be deducted from the loan amount at the time of disbursal
Up to 2.0% of loan amount
Collected at the time of loan disbursal

Effective from 1st March 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

  Upto Rs. Remarks
EMI bounce charges Rs.500 For each presentation dishonoured
Repayment instrument swap charges Rs.500 per change request
Statement of Account (Adhoc/Duplicate) Nil  
Duplicate No Objection certificate / No Dues Certificate Rs.100 Per request, in addition to Bank's issued letter
Disbursement cancellation Rs. 500 per cancellation On specific request and within 5 working days of loan disbursal, processing fees to be retained by the Bank

Effective from 1st March 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) Nil  
Duplicate No Objection certificate / No Dues Certificate Rs.100 Per request, in addition to Bank's issued letter
Cancellation/Rebooking Charges 10000 within 30 days of disbursement or 1st EMI presentation whichever is earlier

Charges on account of delayed payments / defaults

Overdue Interest 2.5% per month. Overdue Interest is levied in case of non-payment of the monthly payment. It is charged on the overdue installment 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.

Effective from 1st March 2019

Late payment/Penal charges/ Overdue interest (per month) 2% per month (Exclusive of GST) of the unpaid EMI or Rs 300 (Exclusive of GST) 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 NIL - For part prepayment up to 40% of loan amount in a year
any part prepayment will be allowed after payment of the third EMI

Foreclosure charges

  Upto Rs. Remarks
Simple Personal Loans and
Smart Personal Loans
3% on Principal Outstanding, at the time of loan closure Foreclosure will be allowed after the payment of the third EMI

Effective from 1st March 2019

  Upto Rs. Remarks
Simple Personal Loans and
Smart Personal Loans
5% on Principal Outstanding, at the time of loan closure Foreclosure will be allowed after the payment of the third EMI

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 1st March 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
Stamping Charges As per actuals
Duplicate/NOC Issuance Charges Rs 500
Physical Repayment Schedule Rs. 500
Physical Statement of Account Rs. 500
Document retrieval charges (per retrieval) Rs. 500
EMI Pick up/ Collection Charges Rs. 350
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 Bank and shall be binding on customer. In case customer is related person to IDFC 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.

Fees

  Fees/Charges Remarks
Processing fees Up to 2.0% of loan amount Processing Fees will be deducted from the loan amount at the time of disbursal

Effective from 1st March 2019

  Fees/Charges Remarks
Processing fees Up to 3.5% of the loan amount Collected at the time of loan disbursal

Other Charges

  Fees/Charges Remarks
EMI Bounce charges Rs. 500 For each presentation dishonoured
Repayment instrument swap charges Rs. 500 Per change request
Statement of account (Adhoc/Deplicate) Nil  
Duplicate no objection certificate/ No dues certificate Rs. 100 Per request, in addition to Bank's issued letter
Disbursement cancellation Rs. 500 per cancellation On specific request and within 5 working days of loan disbursal, processing fees to be retained by the bank

Effective from 1st March 2019

  Fees/Charges Remarks
EMI Bounce charges Rs. 400 For each presentation dishonoured
Repayment instrument swap charges Rs. 500 Per change request
Statement of account (Adhoc/Deplicate) Rs. 500  
Duplicate no objection certificate/ No dues certificate Rs. 500 Per request, in addition to Bank's issued letter
Disbursement cancellation/ Rebooking charges Rs 10000 within 30 days of disbursement or 1st EMI presentation whichever is earlier  
Document retrieval charges Rs. 500 Charge is per retrieval
EMI Pick up/ Collection Charges Rs. 350  

Charges on account of delayed payments / defaults

Overdue Interest 2.5% per month. Overdue 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

Effective from 1st March 2019

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

Part Prepayment fees

  Fees/Charges Remarks
Simple Business Loans Not applicable Part Prepayment Facility not available for Simple Business Loans

Effective from 1st March 2019

  Fees/Charges Remarks
Simple Business Loans Not applicable Part Prepayment Facility not available for Simple Business Loans

Foreclosure charges

  Fees/Charges Remarks
Simple Business Loans 3% on Principal Outstanding, at the time of closure Foreclosure will be allowed after the payment of third EMI

Effective from 1st March 2019

  Fees/Charges Remarks
Simple Business Loans 5% of Principal loan outstanding, at the time of loan closure Foreclosure will be allowed after the payment of third EMI

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
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 Bank and shall be binding on customer. In case customer is related person to IDFC 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

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
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.

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
Current Account - 1 lac 1,00,000 NA >= 75,000 to < 1 lac – 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/-
World Business Account - 1 lac 1,00,000 USD 30,000 >= 75,000 to < 1 lac – 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 lac 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
Current Account - 1 lac 12 lacs
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 lacs
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 lacs
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 lacs
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
World Business Account - 1 lac 12 lacs
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 lacs
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 lacs
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 lacs 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 lacs 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 lacs 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 lacs 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 lacs per DD)
Above which charged at Rs.30/-
Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Regular Business Account 1 lac
Above which charged at Rs.3 per 1000
Unlimited Free Free upto 8 DDs (cap of Rs.10 lacs per DD)
Above which charged at Rs.30/-
Cheque deposited – Rs. 50 per cheque
Cheque issued – Rs. 250 per cheque
Regular Business Account 1 lac 10 lacs
Above which charged at Rs.3 per 1000
Unlimited Free Free upto 8 DDs (cap of Rs.10 lacs 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
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
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 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/-

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)
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 ) 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)
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

Bank Account Related

For feedback/concerns-
Call us at : 1800-419-4332
Write to us at : banker@idfcfirstbank.com

For escalations-
Call us at : 1800-419-2332
Write to us at : head.customerservice@idfcfirstbank.com

Loan Account Related

For feedback/concerns-
Call us at : 1860-500-9900
Write to us at : customer.care@idfcfirstbank.com

For escalations-
Call us at : 1800-419-2332
Write to us at : head.customerservice@idfcfirstbank.com

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