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Service Charges


NOTICE

Rates At a Quick Glance 

FOR THE KIND ATTENTION OF ATM CARD CUSTOMERS

In case your account gets wrongly debited due to failed ATM transactions, you are requested to lodge a complaint immediately (within 30 days from the date of failed transaction) with the bank which has issued the ATM card.

ATM CARDS ISSUED BY:
COMPLAINT TO BE LODGED AT:
SOUTH INDIAN BANK
NEAREST BRANCH OF THE SOUTH INDIAN BANK
OTHER BANKS
RESPECTIVE BANK OF THE CUSTOMER

Format for submitting the same is available at the ATM counters / branches. Kindly fill-up the transaction details accurately as per the format, so that your complaint can be resolved quickly.

As per the RBI guidelines, following stipulations are applicable to ATM transactions in India w.e.f. 1stJuly-2011
The number of free transactions (maximum five per month) permitted through other bank ATMs to Savings Bank Account holders shall be inclusive of all types of transactions i.e. both financial and non-financial. For the customers of other banks, maximum cash withdrawal would be Rs.10,000/- per transaction. Any transactions through ATMs of other banks for more than five times in a month may attract levy of service charges. (Rs.20/- for cash withdrawal & Rs.8/- for other transactions above the free limits). The facility of free transactions at other bank ATMs is available only to the Savings Bank Account holders.
 
We shall make all efforts to redress your complaints on failed ATM transactions within a maximum period of 7 working days from the date of receipt of your complaint. For any delay in resolving the complaint, bank shall compensate with an amount of Rs. 100/- per day for the delayed period. However, no compensation shall be provided if the claim is lodged after 30 days from the date of failed ATM transaction.

Savings Bank A/c

 

 

For the details of stipulated minimum balance, free facilities & special service charges as applicable in package type SB products ( Privilege, Youth Plus, Invest, Group Salary A/cs, Mahila A/c etc..) please visit the domestic product pages or the NRI product page

a. Minimum balance requirements Rs. 1,000/- to Rs.1 lakh in package type SB products.

b. Charges for non maintenance of minimum balance Rs.100/- per month in package type SB products.

c. Cheque Return charges (cheques issued by the customer) Rs.4/- per Rs.1000/- with a minimum of Rs.100/- per instrument in package type SB products.

d. Cash withdrawal / remittance charges through non parent branches in package type SB products – Rs.3/- per Rs.1,000/-

 
Saving Bank A/c - No Frills Account
Saving Bank A/c -  No Frills Account
Minimum Balance Rs.10/-
Charges for non maintenance thereof Nil
Cheque return charges ( cheques issued by customers) Rs.200/-

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

 
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
Cheque return charges ( cheques issued by customers) Rs.200/-

Other Savings Bank A/c service charges

Other Savings Bank A/c service charges
Issue of Duplicate Statement Rs.50/- per page
Issue of cheque book Rs.2/- per leaf
Issue of duplicate pass book Rs.50/- per page
Mode of calculation of minimum balance quarterly average
Current A/c

 

For the details of stipulated minimum balance, free facilities & special service charges as applicable in package type CD products ( Premium Smart, Premium General etc..) please visit the product pages.

a. Minimum balance requirements : Rs. 5,000/- to Rs.25 lakh in package type CD products.

b. Charges for non maintenance of minimum balance : Rs.500/- per month in package type CD products.

c. Cheque Return charges (cheques issued by the customer) : Rs.4/- per Rs.1000/- with a minimum of Rs.200/- per instrument in package type CD products.

d. Cash withdrawal / remittance charges through non parent branches in package type CD products – Rs.3/- per Rs.1,000/-

 
Current Accounts

Current Accounts
Minimum Balance Rs.5000/-
Charges for non maintenance thereof Rs.175/- per month
Cheque return charges ( cheques issued by customers) Rs.300/-

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 instrument)+other Bank’s charges

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

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

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

Rs.75.00(per instrument)+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/-)
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 (Daily Max. limit of Rs.20000/- for Maestro & Visa Classic, Rs.30000 for Visa gold & Rs.50000 for Visa Platinum Card) NIL 
Point Of Sale (POS) transactions, below Rs.500/-

NIL
Point Of Sale (POS) transactions, above Rs.500/- (Max. Rs.1,00,000/- per day for Maestro & Visa Classic, Rs.150000 per day for Visa Gold & Rs.200000 per day for Visa Platinum ) NIL
Surcharge for debit card transactions at fuel outlets 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 other bank ATMs in India (Note: In a particular day, the daily withdrawal limit of a debit card is the withdrawal limit of the card irrespective of the no. of ATM’s/Banks the card is been used in )

• Maximum Withdrawal per transaction,  Rs.10000/-
• 5 transactions (Transactions include both cash withdrawal & other non financial transactions like balance enquiry, mini statement etc. ) free per month available only for SB A/C holders.
• Rs.20/- per transaction above the free limits for cash withdrawal and Rs.9 per transaction for non financial transactions

Cash Withdrawal through ATMs outside India (respective currency equivalent upto a maximum Daily limit of Rs.20000/- for Maestro & Visa Classic, Rs.30000 for Visa gold & Rs.50000 for Visa Platinum Card) Rs.100/- per transaction

Standing Instructions

Standing Instructions
Setting Up Charge Rs.100/-
Amendment Charge Rs.100/-
Execution Charge Rs.10/-, Free for RD

 
Electronic Clearing System (ECS)

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

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.
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/-
Fast Money  (Instant Fund transfer to other branches)

Upto Rs.1 lac-  Rs.5.00

Rs.1,00,001 to Rs.2 lacs - Rs.25.00

* Upto Rs.5000/- permitted free in SB Accounts. 20% extra levy in case of cash remittance. Fund transfer above Rs.50,000/- permitted only by way of transfer.
DD-Cancellation  Rs.50/-
DD-Revalidation Rs.50/-  per DD
PO - Issue Rs. 2.50 per 1000/- Max. Rs. 10000
PO-cancellation  Rs.50/-
PO-Duplicate Rs.50/-
PO-Revalidation Rs.50/-
TT - Issue * Issue – Rs.2/- per 1000/- + Telephone charge (Min. Rs.100/-)
TT - Cancellation  Not fixed
TT-Duplicate  Not fixed
TT-Revalidation Not fixed
NEFT Charges- inward Nil
NEFT Charges- outward
Upto & including Rs. 10,000/- Rs. 2.50/-per transaction
Above Rs. 10,000/-   upto & including Rs. 1,00,000/- Rs. 5/-per transaction
Above 1 lakh to  upto& including 2 lakhs Rs.15/- per transaction
Above 2 lakhs  Rs.25/- per transaction
RTGS-Inward  Nil
RTGS-Outward
Upto 5 lakhs Rs.25/- per transaction
5 lakhs and Above Rs.50/- per transaction

 * 20% of the service charges extra for demand drafts/TTs purchased on cash basis and additional 1.5 times of the service charges for drafts/TTs purchased after 2 p.m on week days and 12 noon on Saturdays.
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

No charges for fund transfers within South Indian Bank.

For RTGS/NEFT transactions, the following charges will be levied over and above the free limits of the respective account category.
RTGS/NEFT CHARGES

Rs.100+ Service tax for resetting SIBerNet 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 for Savings Bank Accounts 30 packets free per day. For each additional packet Rs.10/-
Cash handling charges for CD/CCOL/OD Accounts

The cash handling charges per day per Customer shall be levied from cash remittance by our customers with our branches in all Current Accounts and Loan Accounts as per the following tariff w. e .f 16/05/2012

  1. Up to Rs. 3.00 Lacs and number of packet not exceeding 30 – Free
  2. In case amount upto Rs. 3.00 Lacs, but number of packet exceeds 30, charges of Rs. 10 per packet
  3. Rs. 3 lacs to Rs. 10 Lacs - Rs. 10 per packet or Rs. 100 per lakh whichever is higher
  4. Above Rs. 10 lacs - Rs. 20 per packet or Rs. 200 per lakh whichever is higher

Packet means bunch of 100 notes

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/-
Providing copies of old records > 1 year Rs.100/- per year (per record / sheet)

 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

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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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

 

 

 

* 20% of the service charges extra for demand drafts/TTs purchased on cash basis and additional
1.5 times of the service charges for drafts/TTs purchased after 2 p.m. on week days and 12 noon
on Saturdays
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

Note: Pre-payment charges in respect of housing loans, having floating rate of interest, is waived from 16.01.12
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
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