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Transaction related Features and charges
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Features
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SIB EXIM Silver
Current Account
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SIB EXIM Gold
Current Account
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1
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Required AverageMonthly Balance (AMB)
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NIL
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2
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Cash Deposit Free Limit
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15 times of the Previous month AMB maintained.
Min. limit Rs 3 Lakh & Max limit of Rs 4 Cr
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3
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Cash Withdrawal Limit
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Unlimited free cash withdrawal across branches
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4
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Cheque Leaves
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100 Cheque Leaves Free per Month.
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200 Cheque leaves free per month.
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5
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NEFT/RTGS
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Digital Channels : Free & Unlimited
Branch Channel: 30 txns free per month.
Standard charges applicable at Branch Channel after the free limit
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Digital Channels : Free & Unlimited
Branch Channel: 50 txns free per month.
Standard charges applicable at Branch Channel after the free limit
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8
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IMPS
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Charges Applicable
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Charges Applicable
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9
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Demand Draft
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Free up to 25 Demand Draft per Month.
Charges applicable after the free limit
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Free up to 50 Demand Draft per Month.
Charges applicable after the free limit
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10
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Debit Cards#
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VISA/Rupay/Master Card Platinum & Master card Business Platinum
Card issuance is subject to availability of the mentioned card variant.
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VISA/Rupay/Master Card Platinum & Master card Business Platinum
Card issuance is subject to availability of the mentioned card variant.
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11
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Issuance Charge
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NIL Issuance fee
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NIL Issuance fee
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12
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AMC
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1st year AMC is waived if any one of the below conditions is satisfied by the customer within 90 days from card issuance
1. Minimum 3 purchase transactions of any amount using the card.
2. Purchase transactions worth Rs 5000 or more.
3. Average Balance of Rs 50,000 or more in the account for the 90-day period.
If above conditions are not satisfied AMC charges applicable.
2nd year onwards AMC will be waived if Yearly Average Balance >=50000
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No AMC charges
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15
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SIB ATM usage
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Unlimited Free ATM access all over the country
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Unlimited Free ATM access all over the country
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16
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Other Bank ATM usage
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Chargeable
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Unlimited Free ATM access all over the country
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17
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Mobile Banking
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Free
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Free
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18
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Internet Banking
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Free
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Free
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19
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SMS Alerts and Email statement
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Free
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Free
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20
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A/c closing charges
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From 1 -14 days of account opening – Nil
14 days to < = 6 months of account opening - Rs. 300
Greater than 6 months of account opening - Rs. 150
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21
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Transaction/Folio Charges
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NIL
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Additional Features:
- Access to Trade Finance Portal – SIB TF Online through Corporate Net Banking.
- Access to Trade MIS Dashboard in Corporate Net Banking and reports can be downloaded in PDF, Excel, and CSV formats.
- Customs duty online payment facility through ICEGATE portal.
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- Customers can avail the discounted rates in trade forex features and other transactional benefits in first two calendar quarter (including account opening quarter) without QFT maintenance requirement.
- From third quarter onwards, all benefits related to trade forex services will be provided based on the QFT maintained in the previous quarter.
- Nil AMB and QFT maintenance requirement for availing transaction related benefits/features.
- For any other trade, forex and transaction features not mentioned as above, charges will be applicable at a standard rate.
- Valid Importer Exporter Code (IEC) is mandatory for opening EXIM Current Account.
- *Quarterly Forex Throughput (QFT) is arrived based on Export Bills/Import bills realised, Inward & Outward remittances routed through the account.
- **SWIFT Charges applicable for Outward Remittances on “SHA” basis.
- # For other Debit Card Issuance Fee & AMC will be applicable with standard charges.
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