Charges applicable to your Savings Bank account with effect from September 1st, 2023.
Sr. No.
Charge Name
Existing Charge
Revised charge effective from
1st September ’23
1
Deliverables (Cheque Books/Debit Card) returned
NIL
` 100 / return
Fees on Selected Services have been revised effective 1st September 2023.
Sr. No.
Details – Charge
Existing fee
Revised fee effective from
1st September ’23
1
Duplicate Statement
Up to 24 months old
Free
Free
More than 24 months old
Free
` 100
2
Cheque Book Reissuance
Free
` 50/additional chequebook
3
Account Closure (Between 14 days & 1 year from opening date)
Free
Within 14 days to 1 year from date of opening – ` 500
4
Cheque Return (technical issues)
Free
` 100
5
Stop Payment
Single Cheque
` 50
` 100
Range of Cheques
` 50
` 150
The Tariff structure for non-maintenance of average balance charges is being revised for Savings Account effective 1st September 2023. Details are as under:
Revision of MAB (Minimum Account Balance) charges for Savings Accounts:
Criteria
MAB requirement
Existing charge
Revised fee effective from
1st September ’23
Super value
` 50000
5% of shortfall in MAB with max cap of Rs. 600
5% of shortfall in MAB with max cap of Rs. 850
Prime
` 200000
5% of shortfall in MAB with max cap of Rs. 600
5% of shortfall in MAB with max cap of Rs. 1200
Criteria
Existing MAB
Revised MAB effective from
1st September ’23
2-in-1 account holders
(Savings Account & Term Deposits)
` 10000
As per underlying Savings Account MAB requirement
Revision of MAB (Minimum Account Balance) charges for existing Savings Accounts:
Criteria
Existing MAB
Revised MAB effective from
1st August ’23
Clients with Personal Loan & Home Loan repayments scheduled from SCB Savings Account
As per SA variant
NIL balance
All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services tax as applicable.