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IMPORTANT NOTICE FOR SAVINGS ACCOUNTS

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.