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Dear Valued Client,


Effective 1 June 2016, in addition to existing service tax rate @ 14%, and SBC @0.5% there would be an additional levy of Krishi Kalyan Cess (KKC) @0.5% on the value of taxable service thereby the total rate of service tax applicable would be 15% (inclusive of SBC & KKC). This is based on Notification No. 27/2016-Service Tax dated 26 May 2016. The revised rate of 15% is applicable on all Bank products & services offered.

Aasaan / BSBDA Account

BSBDA SOSC

Savings Accounts - 1

Connect N Save 10K / eSaver10K / 2 in 1 Savings account

Savings Accounts - 2

Savings Accounts -- aXcessPlus / Connect N Save 25K / Super Value / eSaver 25K / Enhanced linked (3 in 1) / BREEZE BANKING & eSaver Plus Savings Accounts

Mortgages

Others

Important Information Regarding Removal of Charges on Dormant & Unclaimed Accounts

With reference to RBI circular, vide RBI/2013-14/580, we no longer levy charges related to Dormant & Unclaimed Accounts. These can be specified as:

  • Dormant Account Charges
  • Inoperative Account Charges
  • Penal Charges for Non-Maintenance of Balances on Dormant & Inoperative Accounts

  • All our branches and processing units have been informed of this change already.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

Proceed