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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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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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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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Charges
| Processing Fees ( Inclusive of Administrative Charges ) |
Charges | Remarks |
|---|---|---|
| Upto 3% of loan amount | Taken at the time of loan agreement execution |
Other Charges
| Items | Charges | Remarks |
|---|---|---|
| Repayment instrument swap charges | Nil | |
| List of document charges | ₹1000 | per request for copies / list of documents |
| Duplicate No Objection certificate / No Due Certificate | ₹500 | Request in addition to bank's issued letter |
| Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. | on actuals | |
| Cancellation and rebooking | • ₹10,000 towards Cancellation in case of uncashed disbursal Cheque • ₹10,000 + Interest from date of disbursal till receipt of cancellation request, in case of encased disbursal Cheque |
|
| Loan rescheduling charges | ₹ 1000 | per rescheduling |
| PHYSICAL REPAYMENT SCHEDULE | ₹500 | |
| PHYSICAL STATEMENT OF ACCOUNT | ₹500 | |
| CHEQUE SWAP CHARGES | Nil | |
| INITIAL MONEY DEPOSIT / APPLICATION FEES (NON-REFUNDABLE) |
₹6500 | |
| DOCUMENT RETRIEVAL CHARGES | ₹500 | per retrieval |
| STAMPING CHARGES (Inclusive of Facilitation Charges ) |
As per actuals |
Charges on account of delayed payments / defaults
| Items | Charges | Remarks |
|---|---|---|
| Late Payment/Penal Charges/Default | Nil | |
| EMI Pickup/ Collection Charges | ₹500 | |
| EMI bounce charges | 7.5% of EMI amount (Min – INR 400 ; Max – INR1000) | For each presentation dishonoured *Revised bounce charges are effective from April 1, 2025 |
| Overdue handling charges (Delinquent Accounts) | At actuals plus applicable taxes if any | |
| Technical Bounce Charges* | Charge rates would be same as applicable under EMI bounce charges |
*Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from 3rd consecutive bounce month onwards until the mandate is registered)
Switch Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Switch Fees | Principal Outstanding< 3 Crs - ₹5000 + GST Principal Outstanding >= 3 Crs - ₹10,000 + GST |
Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount. |
| Interest Rate Switch | (Floating to Fixed where the end use is Personal wherever applicable as per regulatory guidelines) - 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower including applicable charges/ taxes. |
It can be exercised twice during the entire tenure of the loan facility. Once interest rate is switched from floating rate to fixed rate, it will not be allowed to switch back to floating rate for minimum three years from the date of switch. The applicable fixed interest rate will be the prevailing fixed interest rate at the time of switch. |
Re-pricing Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Re-pricing Fees | 1/2 of rate drop given to the customer as a % or ₹10000, whichever is higher |
Re-pricing Fee will be charged on the principal loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan. |
Part prepayment charges (terms as per sanction letter to supersede charges and agreement)
• Fixed Rate Loans above ₹50 Lakhs will attract charges irrespective of MSME classification.
• For fixed rate loans below ₹50 lakhs and for floating rate loans, Pre/Part-payment charges will be NIL for Micro/Small enterprises subject to classification on Udyam Registration Certificate of said borrower at the time of loan closure.
Part payment for Individual, Medium Enterprises:
| Borrower Type | Loan Purpose | Fixed Rate | Floating Rate |
| Individual | Personal | 5% | 0% |
| Business | 5% | >24 EMIs cleared 4%; else 5% | |
| Medium Enterprise/ Non-Individual | Personal/Business | 5% | >24 EMIs cleared 4%; else 5% |
• The above charges are exclusive of GST
• The charges are applicable on principle outstanding
Foreclosure charges
• Fixed Rate Loans above ₹ 50 Lakhs will attract charges irrespective of MSME classification.
• No foreclosure will be permitted until 12 EMIs are paid.
• For fixed rate loans below ₹50 lakhs and for floating rate loans, Pre-payment charges will be NIL for Micro/Small enterprises subject to classification on Udyam Registration Certificate of said borrower at the time of loan closure.
Foreclosure charges for Individual, Medium Enterprises:
| Borrower Type | Loan Purpose | Fixed Rate | Floating Rate |
Individual |
Personal | 5% | 0% |
| Business | 5% | >24 EMIs cleared 4%; else 5% | |
| Medium Enterprise/ Non-Individual | Personal/Business | 5% | >24 EMIs cleared 4%; else 5% |
• The above charges are exclusive of GST
• The charges are applicable on principle outstanding or current limit in case of overdraft facility
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
3. Penal Charges on overdrawn accounts - 2% per annum on the overdrawn amount
4. Delay in submission of Post Disbursal Document (Deferral) - Non-completion of post disbursal documents (deferrals) beyond 90 days will attract 2% penal charges (charged on monthly basis), subject to a maximum amount of INR 25000
GST, as applicable, will be levied on all service charges. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.
