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Service Charges

NOTICE

Rates At a Quick Glance 

For the Kind Attention of ATM cum Debit Card Customers

As per RBI guidelines, the following stipulations are applicable to ATM transactions in India w.e.f. 15th October 2009 :

a.  For the customers of other banks, maximum cash withdrawal would be Rs. 10,000/- per transaction.

b. Cash withdrawals from ATMs of banks other than your bank more than five times in a month, may attract levy of service charges. (Maximum Rs.20/= per transaction above the free limits).

c. The facility of free cash withdrawal on other bank ATMs is extended only to the Savings Bank Account holders.

 

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. (Service tax extra.)
Sl No. 
Basic Banking Services
Non-Individuals
Individuals
Special Individuals
1.
Demand Draft Purchase
Upto Rs.10,000/-, Rs.25/-
75% of Service Charges applicable to Non Individuals

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

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

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65% of Service Charges applicable to Non Individuals
 
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 65% of Service Charges applicable to Non Individuals
 
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    v    
 
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 (through our branches)
upto Rs.1000/-
Rs.1000/- to Rs.5000/-
Rs.5000/-  to  Rs.10000/-
Rs.15/-
Rs.25/-
 
 Rs.35/-
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.
Charges for return of cheques  (issued by customers) received in clearing
SB A/cs Rs.200/-
CD A/cs Rs.300/-
11.
Cheque Book Charges
Rs. 2 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.25/- for SBaccounts Rs.50/- for CD accounts
15.
Account closing charges before 6 months from date of opening.
Rs.75/- for SBaccounts Rs.150/- for CD accounts
16.
Issuance of No dues certificate
Rs.100/-
17.
Issuance of Balance certificate
Rs.100/-
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.2/- 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.175/- per month

Remittance Facilities through own bank

Remittance Facilities through own bank

DD- Issue

Upto Rs.10,000/-, Rs.25

Above Rs.10,000/-, Rs.2.50 per 1000/-  Max. Rs.10,000/-

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

Foreign Currency Inward Remittance

TT inward charges

 

 Rs.100/- including service 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. 1,00,001/- 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)

For Instruments received from other Banks

Amount upto Rs. 10,000/-

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

Rs.1,00,001/- and above

 

Rs.25/-

Rs.50/-

Rs.75/-

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.1,00,001/- and above

 

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

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

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

Rs.50.00 (per instument)+other Bank’s charges

Rs.75.00(per instument)+other Bank’s charges

Bouncing of cheques- Local (lodged for collection) 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
Charges for furnishing copy of CIBIL / any other credit information company report, to the borrowers at their request Rs.50/-

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 charges through own ATMs (Max. Rs.20000/- per day) NIL 
Point Of Sale (POS) transactions, below Rs.500/-

Rs.10/- 

Point Of Sale (POS) transactions, above Rs.500/- (Max. Rs.1,00,000/- per day) NIL
Master Card transactions for purchase of Petrol 2% advalorem of petrol cess 
Balance Enquiry at any ATM both domestic and International Free

For other Bank ATM Transactions (through Infinet/ MasterCard Network)

Cash Withdrawal  through ATMs in India (max. Rs.20000/- per day)
  • Maximum Withdrawal per transaction, Rs.10000/- 
  • 5 transactions free per month available only for SB A/C holders.
  • Rs.20/- per transaction above the free limits
Cash Withdrawal through ATMs outside India (respective currency equivalent upto a maximum of Rs.20000/- per day) Rs.100/- per transaction

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 Debit Clearing-Return Charges Rs.100/-
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/-
Execution Charge Rs.10/-, Free for RD

 

MISCELLANEOUS

MISCELLANEOUS

Balance enquiry NIL
Balance Certificate Rs.100/-
Interest Certificate Rs.100/- First time free
Account closure  Before 6 Months After 6 Months
SB 75 25
CD 150 50
Use of Fax/Telephone/Modem

Actuals with minimum Rs.5/- for local calls

Actuals with minimum Rs.25/- for STD calls

Photo attestation Rs.100/-
Signature attestation Rs.100/-
Stop Payment Charges Rs.100/- per cheque and batch of above 3, Rs.300/-
Inoperative account NIL
Internet Banking

Rs.5/- per Rs.1,00,000/- for fund transfer from one branch to other(within South Indian Bank) .

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
ECS Mandate Verification Rs.100/-
Allowing operation in account through Power of Attorney / Mandate holder – Registration / Modification SB a/cs Rs.100/-
CD a/cs Rs.250/-
Cash handling charges 30 packets free per day. For each additional packet Rs.10/-
Ledger folio charges Rs.20/- per folio of 40 entries.( For SB, four free folios annually)
Postal charges Ordinary/Courier - Actuals with a minimum of Rs.10/-
Registered post - Actuals with a minimum of Rs.25/-

 

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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