Business Banking Asset Account

Details

	Average Monthly Balance (AMB)*	Trade Throughput (Q)	Non Maintenance charges per month
Business Banking Asset Account	Zero	NA	NA
AMB is average of daily closing balance of each day for a month

	Cash Deposit Free Limit	Cash deposit -Charge above free limit	DD payable at Correspondent Bank locations	Cheque Bounce
Business Banking Asset Account	3 times average utilization or 10 times of the Maintained AMB	Rs 3 per 1000	Rs 30 per DD	Cheque deposited – Rs. 50 per cheque Cheque issued – Rs. 250 per cheque

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
Payable At Par Cheque Issuance	Free
DD payable at IDFC FIRST BANK locations	Free
DD - Duplicate Issuance	Free
DD Cancellation/ revalidation	Free

Converted Amount - Upto Rs. 1,00,000	0.14% of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-
Converted Amount -Rs. 1,00,001 - Rs.10,00,000	Rs. 140 Plus 0.07 % of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-
Converted Amount -10,00,001 or more	Rs. 770 Plus 0.014% of the gross amount of currency exchanged, subject to the minimum amount of Rs. 35/- and maximum amount of Rs. 7,000/-

Account Statement Physical (Branch/ Channel)	Free
Payable at Par Cheque Book	Free
Account Closure	Free
SMS/ E mail Alerts	Free
Phone Banking	Free
Net Banking	Free
Mobile Banking	Free
Standing Instruction- Set Up/Execution/Amendment	Free
Bill Payment- Net Banking	Free
Bankers Verification (Photo/ Signature/ Address)	Free
Balance Confirmation Certificate	Free
Record Retreival	Free
Interest/ TDS Certificate	Free
Stop Payment per Instruction	Free
Balance Enquiry (Branch/ Channels)	Free
Login Fees	Rs. 5000
Processing Fee	Upto 1%
Stamping Charges	At Actuals
Issuance of Solvency Certificate	Upto Rs.10000
Stock Audit Charges	Rs.5000 per audit
Temporary Over Draft	4% above sanctioned ROI
Adhoc OD setting up fee	4% above sanctioned ROI
Foreclosure Charges / Prepayment Penalty	Upto 2% (Exclusive of GST) on the facility limit granted in case of prepayment through own sources and upto 4% (Exclusive of GST) on the facility limit granted in case of takeover of facility limit by any other bank/FI. Above charges shall not be levied on Micro and Small Enterprises

Event	Applicable Penal Charges
Non-payment of Interest/principal or any other amount due.	2% p.a. of overdue amount
Non-creation of security within timelines	2% p.a. of outstanding amount
Non-compliance of sanction covenants
Breach of any other terms and conditions under the facility/loan agreement.
Non-renewal of facility within timelines	Upto 2% p.a. of outstanding amount

Intra-Bank Fund Transfer Collection	Free
RTGS Collection	Free
NEFT Collection	Free
Cheque Collection - Local Clearing	Free
Outstation Cheque Collection - IDFC FIRST BANK locations	Free
Outstation Cheque Collection - Correspondent Bank locations	Free
Outstation Cheque Collection - Other locations	Free