Merchant Multiplier Account Fees and Charges

Details

Description of Charge/Feature	Merchant Multiplier Account
Average Monthly Balance Requirement (in ₹)	NIL
Charges for non maintenance of required balance	NA
Cash Deposit Free Limit	Up to 20 times credit throughput of POS + UPI (Maximum ₹30 lakhs per month)
Cash Deposit Charges above free limit	₹3 per 1000
Cheque Returns	Deposited – ₹50 per cheque, Issued- ₹250 per cheque
Cheque Book Issuance	Free-100 leaves per month; ₹2 per leaf beyond free limit
DD issuance	Bank Locations: Free Correspondent Locations: ₹30 per DD

Debit Card & ATM Charges

Debit Card Issuance	Free - Platinum
Annnual Fees / Replacment	1Free - Platinum
ATM Transaction Charge at any ATM in India	5 Free per month; Beyond free limit Financial: ₹20 Non-Financial: ₹8 (Free at IDFC FIRST Bank ATM)
International ATM or POS transaction	Free, only forex mark up 2% of the transaction value will be applicable

Payment Services

Intra-Bank Fund Transfer - Branch	Free
Intra-Bank Fund Transfer -Internet Banking	Free
RTGS Payment - Branch	Free
RTGS Payment - Internet Banking	Free
NEFT Payment - Branch	Free
NEFT Payment - Internet Banking	Free
IMPS	Free
DD - Duplicate Issuance	Free
DD Cancellation/Revalidation	Free
Stop Payment per Instruction	Free

*All fees/charges to be paid shall be exclusive of goods and services tax(GST), as may be applicable.

Download Schedule of Charges here

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