IDFC FIRST Rural MSME Asset linked Account

Utilisation & Cheque Book Charges


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Charges for utilising limit less than 25% of the loaded limit in the Qtr. Rs. 7500 Per Quarter Rs. 6000 Per Quarter Rs. 5000 Per Quarter
Cheque Book Issuance (Payable at Par: 25 Leaves Book) 3 Cheque books Free per month 2 Cheque books Free per month 1 Cheque book Free per month
Charges of Cheque Book on additional usage per Cheque book ( Cheque book of 25 leaves) Rs. 50 Rs. 50 Rs. 50
Average Outstanding Balance Method Average of Outstanding Balance in the account at the end of each day during the 90 days


Collection


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Cheque Collection Local Clearing Free Free Free
Outstation Cheque collection IDFC FIRST Bank location Free Free Free
Outstation Cheque collection Non IDFC FIRST Bank location Instrument value
Upto to Rs. 10000
Above 10000 to
Rs. 200000
Above Rs. 200000
Charges
Rs. 50
Rs. 100
Rs. 200


Payments


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Fund Transfer (between any IDFC FIRST Bank Branches) (Online / through Branch) Free Free Free
Payment at Any location of IDFC FIRST Bank for clearing in same location through Payable at par Cheque Free Free Free
NEFT (National Electronic Fund Transfer) (Online / through Branch) Free Free Free
RTGS (Real Time Gross Settlement) Free Free Free
IMPS Free Free Upto Rs. 1 Lakh Rs. 5 above Rs. 1 Lakh Rs. 15


DD/PO ( payable at IDFC FIRST Bank Location)


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Free Limit Rs. 50 Lakh or 5 per month whichever is earlier Rs. 20 Lakh or 3 per month whichever is earlier Rs. 5 Lakh of 1 per month whichever is earlier
Charges on additional usage Rs. 1/1,000 Min 25 Max Rs. 10000 Rs. 1/1,000 Min 25 Max Rs. 10000 Rs. 1/1,000 Min 25 Max Rs. 10000


DD/PO (payable at Correspondent Bank Location)


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Free Limit NIL NIL NIL
Charges on additional usage Rs. 2/1,000 Min 30 Max Rs. 10000 Rs. 2/1,000 Min 30 Max Rs. 10000 Rs. 2/1,000 Min 30 Max Rs. 10000


DD/PO (payable at Correspondent Bank Location)


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
DD-Duplicate Issuance Rs. 30/ Instrument Rs. 30/ Instrument Rs. 30/ Instrument


DD-Duplicate Issuance


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
DD-Cancellation/Revalidation Rs. 30/ Instrument Rs. 30/ Instrument Rs. 30/ Instrument


DD-Cancellation/Revalidation


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Free limit for Cash Deposit at Home Location Branch per month 50% of the loaded limit
Additional charges on incremental Cash deposit at Home Location Branch Rs. 3/1000 Rs. 3/1000 Rs. 3/1000
Free Limit for Cash Deposit at non-home location branch per month Rs. 250000 Rs. 150000 Rs. 100000
Additional charges on incremental deposit at Non-Home Location Branch Rs. 3/1000 min Rs. 50 per transaction Rs. 3/1000 min Rs. 50 per transaction Rs. 3/1000 min Rs. 50 per transaction


Cash Transaction


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Cash withdrawal (Home Location) Free Free Free
Cash withdrawal ( Non-Home ) location Free Free Free


Cash withdrawal


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Cash withdrawal (Home Location) Free Free Free
Cash withdrawal ( Non-Home ) location Free Free Free


Other Features and Charges


Disbursed Limit INR 200 Lakh -INR 500 Lakh INR 50 Lakh -INR 200 Lakh Upto Rs. 50 Lakh
Stop Payment per request Rs. 100 Rs. 100 Rs. 100
Cheque Return (inward) for financial reason Rs. 250 per Cheque Rs. 250 per Cheque Rs. 250 per Cheque
Cheque Return (Outward) IDFC FIRST Bank Locations Rs. 50 per Cheque Rs. 50 per Cheque Rs. 50 per Cheque
Internal Transfer Return Charges NIL NIL NIL
ECS debit return charges Rs. 250 per transaction Rs. 250 per transaction Rs. 250 per transaction
Account statement Email – Free Monthly Physical – Free per quarter Email – Free Monthly Physical – Free per quarter Email – Free Monthly Physical – Free per quarter
Adhoc Statement printed per request Rs. 50 Rs. 50 Rs. 50
Record Retrieval Rs. 100 Rs. 100 Rs. 100
Net Banking Free Free Free
SMS / Email Alerts Free Free Free


CMS Cash Collection


CMS Deposits Free Limit: - NIL; INR 3 per 1000
Holiday / Outside City Pick-up 25% Additional plus actual visit charges. (Pre-feasibility is required to be conducted)
Counting at client premise INR 0.35/1000


NACH / ECS Collections


Mandate Set-up Charges INR 5000
Mandate Lodgment INR 25
Charge per transaction INR 5
Minimum charge per ECS/ACH file INR 200


Annexure II


Bharat Baking Rural MSME program Charges
Processing charges Upto 5%
Stamping charges On Actuals
Temporary Overdraft/Adhoc OD Upto 21% p.a.
Adhoc OD setting up fees(for every instanceof Adhoc setup) Upto 5%
Overdue Interest Upto 24% p.a.
Delay in submission of documents/Stock statements as per sanction letter/collateral security/security creation Upto 12% above sanctioned ROI
prepayment/preclosure of credit facility through balance transfer Upto 6% penalty on Outstanding balance
Stock Audit charges On Actuals
Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges. The charges as indicated above are subject to periodic revision.

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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

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