South Indian Bank

NOTICE

Rates At a Quick Glance

“As per the RBI direction on implementation of branch categorization (based on Census 2011), there will be a change in the categorization of 81 branch (List of branches) with effect from 01/04/2017. Since, existing locker related service charges and the special individual status of customers are based on the categorization of branches, there will be a revision in applicable service charge”. For further details please contact bank branch.

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 guidelines of RBI, following stipulations are applicable to ATM transactions in India wef. 01st January, 2022

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.21+ service tax for cash withdrawal & Rs.11+ service tax /- 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 5 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.

Charges for Debit card Usage at other Bank ATMs revised with effect from 01/01/2022 is as follows.

Category	Revised charges (Excluding GST)
Domestic Financial transactions	Rs. 21
Domestic Non – financial transactions	Rs. 11
International Financial transactions	Rs. 150
International non – financial transactions	Rs. 25

Retail Loan

Retail Loan

Loan Processing Charges

For Loans up to and including Rs. 0.25lac.	No processing fees
For Loans above Rs. 0.25lac.	1.00 % of loan amount

Upfront fee

1.00%

Prepayment Charges

Rates applicable for Pre - payment / Pre - closure of loans and other credit facilities

Loans/Credit Facilities with Fixed Rate of Interest

Particulars

Pre - payment Penalty/ Pre - Closure Charges

Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs up to Rs. 50.00 lacs

Nil

Term loans to non-individuals (other than MSE loans up to Rs.50.00 lacs)

Payment / Closure by own funds or Takeover by other Banks/FIs

Amount	Charge applicable
Upto Rs.1.00 Crore	4 %
Above Rs.1.00 Crore	3 %

Term loans to individuals

operative limits (OD/CC/PC/BP/DC/FBP)

Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs above Rs. 50.00 lacs

Loans/Credit Facilities with Floating Rate of Interest

Particulars

Pre - payment Penalty/ Pre - Closure Charges

Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs

Nil

Term loans to individuals for purposes other than business

UBP/UBD

Term loans to individuals for business purposes

Payment / Closure by own funds or Takeover by other Banks/FIs

Amount	Charge applicable
Upto Rs.1.00 Crore	4 %
Above Rs.1.00 Crore	3 %

Term loans to non-individuals other than MSEs

Operative Limits (OD/CC/PC/BP/DC/FBP) other than MSEs

No due Certificate

NIL

Solvency Certificate

Up to Rs 1.00 lac : Rs.500.00

Above Rs 1.00 lac upto Rs 10.00 lac : Rs 1000.00

Above Rs 10.00 lac upto Rs 25.00 lac : Rs 2000.00

Above Rs 25.00 lac upto Rs 50.00 lac : Rs 3000.00

Above Rs 50.00 lac upto Rs 100.00 lac: Rs.4000.00

Above Rs 100.00 lac upto Rs 500.00 lac: Rs.5000.00

Above Rs 500.00 lac: Rs.10000.00

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