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Service Charges

3 Tier Service Charges For Basic Banking Services

3 Tier Service Charges For Basic Banking Services (For amounts not exceeding Rs.10,000/=)

Special Individuals mean individuals having account in Rural Branches, Senior Citizens & Pensioners. Categorization of senior citizens and pensioners will be done based on documentary evidences.

Sl No.  Basic Banking Services Non-Individuals Individuals Special Individuals
1. Demand Draft Purchase Rs.2/1000 + Rs.2 for MICR DDs-(Min.Rs.25/=) 75% of Service Charges applicable to Non Individuals





















75% of Service Charges applicable to Non Individuals		 65% of Service Charges applicable to Non Individuals





















65% of Service Charges applicable to Non Individuals
2. Demand Draft Cancellation Rs.50/=
3. Demand Draft Duplicate Rs.50/=
4. Demand Draft Revalidation Rs.50/=
5. ATM Card AMC Rs.50/=
6. Out station Cheque Collection Charges
upto Rs.10000/- Rs.35/- per instrument
7. Return of Out station cheques lodged for collection – By other banks Half the collection charges given above + Postage & other bank charges. Minimum Rs.100/=
8. Return of Out station cheques lodged for collection – By our branches Half the collection charges given above + Postage. Minimum Rs.100/=
9. Return of local cheques lodged for collection Rs.50/=
10. Return of Clearing Cheques Rs.100/=
11. Cheque Book Charges Rs. 3 per leaf
12. Duplicate Passbook / Pass Sheet Rs. 50/=
13. Stop Payment instructions Rs.100/=
14. Account closing charges After 6 months from date of opening Rs.20/= for accounts with cheque book facility & Rs.10/= for accounts with out cheque facility
15. Account closing charges before 6 months from date of opening. Rs.50/= for accounts with cheque book facility & Rs.25/= for accounts with out cheque facility
16. Issuance of No dues certificate Rs.50/=
17. Issuance of Balance certificate Rs.50/=
18. Verification of signature Rs.100/=
19. Fund transfer through NEFT

 Rs.5/- per transaction (Upto 1 lakh)
20. Balance Enquiry Free Free Free
21. Collection of local cheques Free Free Free
22. ECS Clearing Free Free Free

Savings Bank A/c - No frills A/c

Savings Bank A/c - No frills A/c
Minimum Balance Rs.10/-
Charges for non maintenance thereof NIL

Saving Bank Accounts with Cheque facility

Saving Bank Accounts with Cheque facility
Minimum Balance Rs.1000/-
Charges for non maintenance thereof Rs.250/- per Quarter

Saving Bank Accounts without Cheque facility

Saving Bank Accounts without Cheque facility

Minimum Balance Rs.500/-
Charges for non maintenance thereof Rs.100/- per Quarter

Group Salary Savings Account

Group Salary Savings Account (GSSA)
Click here to Know detailed features and charges

Other savings bank account facilities

Other savings bank account facilities
Issue of Duplicate Statement Rs.50/- per page
Issue of loose cheque leaves Rs.3/- per leaf
Issue of duplicate pass book Rs.50/- per page
Mode of calculation of minimum balance quaterly average

Current Accounts

Current Accounts
Minimum Balance Rs.5000/-
Charges for non maintenance thereof Rs.1000/- per Quarter

Remittance Facilities through own bank

Remittance Facilities through own bank
DD- Issue Rs.2/- for 1000/- (Min. Rs.25/-)
DD-Cancellation Rs.50/-
DD-Revalidation Rs.50/- per DD
PO - Issue Rs.2/- per 1000/- (Min. Rs.25/-)
PO-cancellation Rs.50/-
PO-Duplicate Rs.50/-
PO-Revalidation Rs.50/-
TT - Issue Rs.2/- per 1000/- + Telephone charge (Min. Rs.100/-)
TT - Cancellation Not fixed
TT-Duplicate Not fixed
TT-Revalidation Not fixed
NEFT  - inward Nil
NEFT  - Outward

Upto 1 lakh

 Rs.5/- per transaction

1 lakhs & Above

Rs.25/- per transaction
RTGS - Inward Nil
RTGS - Outward

Upto 5 lakhs

 Rs.25.- per transaction

5  lakhs & Above

 Rs.50/- per transaction

Foreign Exchange Transactions

Foreign Exchange Transactions

Remittance Outward

TT outward charges

a)Repatriation for upto usd5000(equivalent)

b)Repatriation above usd5000 upto usd25000(equivalent)

c)Repatriation above usd25000

 

 

Rs1500+Swift charges+ser tax

 Rs2000 +Swift charges+ser tax

Rs2500/-+ Swift charges+ser tax

Remittance Inward

TT inward charges

a) TT's for below  Rs10000/-

b) TT's for credit  above Rs10000 to RS 1.00 lac

c)TT's for credit above Rs1.00 lac

 

 

Rs200 +ser tax

Rs350/ +ser tax

Rs600/- +ser tax
TCs - Selling Base rate + 1.25%
TCs - Encashing Base rate + 1.25%
Cheque Collection

Cheque Collection

Local Free of charges

Outstation through own bank

Amount upto Rs. 1,000/-

Rs. 1,000/- and above  upto Rs. 5,000/-

Rs. 5,000/- and above  upto Rs.10,000/-

Rs. 10,000/- and above upto Rs.1,00,000/-

Rs. 1,00,000/- and above

 

Rs. 15.00(per instrument)

Rs.25.00 (per instrument)

Rs.35.00 (per instrument)

 Rs.100.00 (per instrument)

Rs.150.00(per instrument)  

Outstation through another bank

Amount upto Rs. 1,000/-

Rs. 1,000/- and above  upto  Rs. 5,000/-

Rs. 5,000/- and above upto  Rs. 10,000/-

Rs. 10,000/- and above Rs.1,00,000/-

Rs.1,00,000/- and above

 

Rs.15.00 (per instument)+other Bank’s charges

Rs.25.00 (per instument)+other Bank’s charges

Rs.35.00 (per instument)+other Bank’s charges

Rs.100.00 (per instument) +other Bank’s charges

 Rs.150.00(per instument)+other Bank’s charges  
Bouncing of cheques- Local Rs.50/-
Bouncing of cheques- outstation- through own bank 50% of the collection charges + Full Postage(Min. Rs.100/-)
Bouncing of cheques- outstation- through another bank 50% of collection charges Full Postage(Min. Rs.100/-)
Retail Loan

Retail Loan
Loan Processing Charges 0.25% to 1%
Prepayment Charges  
If closed from own sources after 2 years Nil
If closed from own sources before 2 years 1% of the prepaid amount.
If closed through take over by other banks 2% of the pre-paid amount
No due Certificate NIL
Solvency Certificate Rs.100/- per lac. Min - Rs. 100/-
Charges for late payment of EMI Penal Additional Interest at 2%
Charges for changing from fixed to floating rates of interest Option once exercised cannot be changed
Charges for changing from float to fixed rates of interest Option once exercised cannot be changed

For More Details Click Here
Debit Cards

Debit Cards
Membership fee NIL 
Annual Fee Rs.50 plus service tax after 1 year 
Renewal Charges NIL 
Late Payment Charges NIL 
Replacement charges Rs.100/- 
Cash withdrawal NIL 
Point Of Sale (POS) transactions, below Rs.500/-

Rs.10/- 
Point Of Sale (POS) transactions, above Rs.500/- NIL
Master Card transactions for purchase of Petrol 2% advalorem of petrol cess 

Transaction Charge with other Bank ATMs
  Cash withdrawal Bal. Enquiry
National Financial Switch (NFS) Rs.20/-  NIL
Master card (transactions within India) Rs.20/-  NIL
Master card (transactions outside India) Rs.100/- NIL

Electronic Clearing System (ECS)

Charges for Electronic Clearing System(ECS) w.e.f January 1 2008

Minimum balance Rs.10,000/- has to be maintained in all Destination Accounts.
ECS registration will automatically get closed in the event of three consecutive cheque returns in the account for want of sufficient funds.
Standing Instructions

Standing Instructions
Setting Up Charge Rs.100/-
Amendment Charge Rs.100/-

 
MISCELLANEOUS

MISCELLANEOUS
Balance enquiry NIL
Balance Certificate Rs.50/-
Interest Certificate Rs.100/-
Account closure  Before 6 Months After 6 Months
SB 50 20
CD 100 50
Use of Fax/Telephone/Modem Actual Charges
Photo attestation Rs.100/-
Signature attestation Rs.100/-
Stop Payment Charges Rs.100/- per cheque
Inoperative account NIL
Internet Banking

Rs.1/- per Rs.1000/- for fund transfer from one branch to other(within South Indian Bank)  with a minimum of Rs.10/-.
Rs.100 for resetting password.
Mobile Service(SMS)
Annual Fee

Rs.75/- plus Service Tax after 6 months for Domestic customers.

Rs.150/- plus Service Tax after 6 months for NRE customers  w.e.f  Dec:2007
Change in Mobile Number Rs. 50/-
Issue of Confidential Report Rs. 1000/- per report

 

The service charges mentioned above are subject to change without notice and subject to terms and conditions as laid down by the bank from time to time

 
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