| Parameters | Sahaj Savings Account |
|---|
| Average balance requirement | Metro/Urban: Rs. 0/-
Semi Urban/Rural: Rs. 0/- |
| Branch convenience fee (for every unique visit) | Rs .10/- per financial transaction from branch |
| Account closure charges for customer induced closures | Account is closed within 14 days of account opening: Nil
Account is closed between 14 days and 1 year of account opening: Rs. 500
Account is closed post 1 year of account opening: Nil |
| Debit Card Joining Fee | Option 1) Virtual + Physical card =
250+Taxes/-
Option 2) Only Virtual card = 100+Taxes/- Option 3) Only Physical card =200+Taxes/- (If customer opts for physical card later). |
| Debit Card Annual Fee | For Option 1) 100+Taxes/-
For Option 2) 100+Taxes/-
For Option 3) 100+Taxes/-
(in case customer cancels the virtual card) |
| Transaction Fees and charges | |
| Cash Transaction at branch | Home Branch - Monthly First 4 Value or Limit: INR. 1 Lakhs (whichever is earlier)
Cash Transactions at Non-Home Branch: Cash transactions upto Rs.25,000/- per day, exceeding which Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/- to be charged
Monthly free Limit for Third party Cash transactions Free monthly limit: INR. 25,000 Post free limits, INR. 10 per 1,000 or part thereof, subject to a minimum of INR. 150/ |
| DD Cash transaction charges beyond free limit | Rs.5 per Rs.1000 or Rs.150, whichever is higher |
| Intra bank funds transfer | Free (Online) |
| RTGS at RNB, MB | Free (Online) |
| NEFT at RNB, MB | Free (Online) |
| NEFT | Up to 10,000 - 2/- per txn
10,001 to 1 Lakh - 4/- per txn
1 Lakh to 2 Lakhs - 14 /- per txn
Above 2 Lakhs - 24 /- per txn |
| RTGS | 2 Lakhs to 5 Lakhs - 20 /- per txn
5 Lakhs and above - 45 /- per txn |
| IMPS | Up to Rs. 1000 - Rs. 2.5 per transaction,
Rs. 1000 to Rs. 1 Lakh - Rs. 5 per transaction,
Rs. 1 Lakh to Rs. 2 Lakh - Rs. 15 per transaction |
| DD/PO Issuance | Upto INR.10,000 – INR. 50 >INR. 10,000 – INR. 20 Lakhs- INR. 5 per 1000 (min INR.. 75/-max INR. 7,500)
>INR. 20 Lakhs – INR. 1 cr- INR. 5 per 1000 (max INR.10,000) Above INR. 1 cr- INR. 5 per 1000 (max INR. 15,000) |
| Chequebook free limit | 1 multicity Cheque Book per year (10 Leaves) beyond this INR. 3 per leaf |
| Axis/ Non-Axis Bank ATM: No of Free Transactions | Axis Bank ATM: First 5 Financial Transactions
Unlimited for Non-Financial transactions
Non-Axis Bank ATM: 5 (Financial & Non-Financial) |
| Axis/non-Axis Bank ATM: fees beyond free limits | Financial- Rs. 20
Non-Financial - Rs. 10 |
| Passbook | Rs. 100 per instance |
| Physical statement through branch for prior quarters | Rs. 100 per instance |
| Stop payment of instructions for cheque or ECS | Rs. 100 per instance |
| DD/PO cancellation | Rs. 100 per instance |
| DD/PO Revalidation | Rs. 100 per instance |
| DD/PO Duplicate issuance | Rs. 100 per instance |
| Address confirmation | Rs. 100 per instance |
| Photo attestation | Rs. 100 per instance |
| Signature verification | Rs. 100 per instance |
| Balance certificate | Rs. 100 per instance |
| Value added SMS alerts facility | Rs. 5 per month |
| Transaction Failure Fees | Rs. 25 per instance |
| Transaction decline at ATM or POS due to insufficient funds
| Rs. 25 per instance |
| Outward cheque return | Rs. 200 per cheque |
| Inward cheque return |
Cheque Return – financial reasons: 1st return – INR. 500 2nd return onwards- INR. 550
Cheque return – non- financial reasons: INR. 150/ instance
|
| Outstation cheque return |
Rs. 150 per cheque |
| ECS debit failure |
Rs. 500 per instance |
| SI failure | Rs.250 + GST applicable from 1st July'2017.
Standing Instruction Failure Charges on Recurring Deposit & Mutual Fund.
Charge
w.e.f 1st May18 will be Rs. 50 per instance |
| Standing Instruction Failure Charges on loan EMIs and Credit Card dues | Rs.250
Standing Instruction Failure Charges on Recurring Deposit & Mutual Fund: Rs. 50 per instance |
| Additional transaction failure fee for accounts not maintaining balance - Accounts not maintaining balances in Month M-1 and M wherein the transaction incidence is in month M will be eligible for the higher rate structure | ECS/NACH Debit Failure - Rs.650/instance
SI Failure - Rs.300/instance
NACH Debit Failure: 1 st return – INR. 500 2 nd return onwards – INR. 550
NACH Debit Failure – Trust segment: 1 st return – INR. 500 2 nd return onwards- INR. 550
Inward Cheque Return - Rs.650/instance.
Outward Cheque Return – Rs250/instance
Auto Debit Failure - Rs.300/instance Transaction Decline at ATM/POS due to insufficient balance in Savings Account - Rs.50/instance
|
| Deliverable return charges |
INR. 50 per return |
| Fair usage fees on branch transactions per month | First 4 Transactions/ Rs. 2 Lacs whichever earlier is free,5-15 txn chargeable as per txn rates and charge of Rs 75/txn would be levied 16th transaction onwards.
This is over and above the existing fee structure. Transactions include branch Cash, Outward clearing, Fund transfer, RTGS/NEFT & Remittances. |
