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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Zero Forex Markup Current Account
Maximise your savings and boost profitability with our Zero Forex Markup current accounts
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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A Card that Powers your Savings & Lifestyle
IDFC FIRST Bank HPCL Credit Card
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Earn up to 6.50% interest on your Savings Account
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Charges
| PROCESSING FEES | Charges | Remarks |
|---|---|---|
| Upto 3% of loan amount | Taken at the time of loan agreement execution |
Other Charges
| Items | Charges | Remarks |
|---|---|---|
| Repayment instrument swap charges | Rs.500 | Per repayment change request |
| List of document charges | Rs.1000 | per request for copies / list of documents |
| Duplicate No Objection certificate / No Due Certificate | Rs.500 | Request in addition to bank's issued letter |
| Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. | on actuals | As applicable for each state for creation of mortgage |
| CANCELLATION AND REBOOKING CHARGES | 1) For cheque encashed /RTGS cases – Rs 10000 + Interest from the date of disbursement 2) For cancellation after disbursal and cheque encashment – Rs 10000 |
|
| Loan rescheduling charges | Rs. 1000 | |
| PHYSICAL REPAYMENT SCHEDULE | Rs. 500 | |
| PHYSICAL STATEMENT OF ACCOUNT | Rs. 500 | |
| CHEQUE SWAP CHARGES | Rs. 500 | |
| INITIAL MONEY DEPOSIT CHARGE | Rs. 6500 | |
| DOCUMENT RETRIEVAL CHARGES (PER RETRIEVAL ) | Rs. 500 | |
| STAMPING CHARGES | As per actuals |
Charges on account of delayed payments / defaults
| Items | Charges | Remarks |
|---|---|---|
| LATE PAYMENT/PENAL CHARGES/DEFAULT INTEREST/OVERDUE(PER MONTH) | 2% of the unpaid EMI or Rs 300 whichever is higher | |
| EMI PICKUP/ COLLECTION CHARGES | Rs. 350 | |
| EMI bounce charges | Rs.500 | For each presentation dishonoured |
Switch Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Switch Fees | POS < =3 Cr - Rs 5000 POS> 3 cr - Rs, 10000 |
Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount. |
Re-pricing Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Re-pricing Fees | Higher of 50% of the rate reduction * applicable POS or Rs 10,000 | Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan. |
Part-prepayment fees
· No charges when part loan prepayment is done up to a maximum of 20% of principal outstanding - allowed only once with a gap of 12 months.
· Below grid will be applicable for scenarios other than the above two mentioned.
| Rate Type - Fixed | Rate Type - Floating | ||
| Individual Primary Applicant | Purpose of loan - Personal use | 5% | 0% |
| Purpose of loan - Business use | 5% | >=24 MOB 3%; else 4% | |
| Non-individual Primary Applicant | Purpose of loan - Personal / Business use | 5% | >=24 MOB 3%; else 4% |
Foreclosure charges
| Rate Type - Fixed | Rate Type - Floating | ||
| Individual Primary Applicant | Purpose of loan - Personal use | 5% | 0% |
| Purpose of loan - Business use | 5% | >=24 EMIs cleared 3%; else 4% | |
| Non-individual Primary Applicant | Purpose of loan - Personal / Business use | 5% | >=24 EMIs cleared 3%; else 4% |
Note - The above charges are applicable for both MSME and Non-MSME customers.
Interest Rate
Re-Pricing frequency
Charges on Dropline Overdraft facility
1. Annual Maintenance Charge – INR 10,000 + taxes
2. Non Utilization Charge - If day end utilized amount is equal to zero for a continuous period of 90 days, 0.25% of limit will be levied
