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Comparative study of salary

accounts of different private banks


Banks considered are

HDFC
AXIS
ICICI
Kotak Mahindra

HDFC
HDFC Bank Limited is an Indian financial services company based in Mumbai,
Maharashtra that was incorporated in August 1994. HDFC Bank is the fifth or
sixth largest bank in India by assets and the first largest bank by market
capitalization as of November 1, 2012. The bank was promoted by the
Housing Development Finance Corporation, a premier housing finance
company (set up in 1977) of India. As on December 2012, HDFC Bank has
2,776 branches and 10,490 ATMs, in 1,399 cities in India, and all branches of
the bank are linked on an online real-time basis. As of December 2012 the
bank had balance sheet size of Rs. 3837 billion. For the fiscal year 2011-12,
the bank has reported net profit of 5167.07 crore (US$950 million), up 31.6%
from the previous fiscal.
On March 14, 2013 an online magazine named Cobrapost.com released video
footage from Operation Red Spider showing high ranking officials and some
employees of HDFC bank willing to turn black money into white which is
violation of Money Laundering Control Act. After this The government of India
and Reserve Bank of India have ordered an inquiry.
History : HDFC Bank was incorporated in 1994 by Housing Development
Finance Corporation Limited (HDFC), India's largest housing finance company.
It was among the first companies to receive an 'in principle' approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector. The
Bank started operations as a scheduled commercial bank in January 1995
under the RBI's liberalisation policies.
Times Bank Limited (owned by Bennett, Coleman & Co./The Times Group)
was merged with HDFC Bank Ltd., in 2000. This was the first merger of two

private banks in India. Shareholders of Times Bank received 1 share of HDFC


Bank for every 5.75 shares of Times Bank.
In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total
branches to more than 1,000. The amalgamated bank emerged with a base
of about Rs. 1,22,000 crore and net advances of about Rs.89,000 crore. The
balance sheet size of the combined entity is more than Rs. 1,63,000 crore.
Salary Accounts in HDFC
In this account customer can get salary from where he/she doing such job
and organization or company at where the customer of the bank in doing job
deposit their salary in to the salary account a person can get salary.
There are various kinds of corporate salary accounts in the HDFC Bank like: Classic salary account.
Regular salary account.
Premium salary account.
Reimbursement salary account.

Regular Salary Account


Features

Zero Balance Savings Account


Free Personal Accidental Death Cover of Rs. 1 lakh*
Free International Debit Card with ATM cash withdrawal limit of Rs. 25,000/per day and shopping limit of Rs. 40,000/- per day
Free access to other bank ATMs in India 5 free cash withdrawal and balance
enquiry transactions per month
Free payable at par chequebook One per quarter
Free add-on International Debit Card only for first year
Preferential pricing on loan products*
Transfer funds online to any bank across the country through NEFT / RTGS
Anywhere Banking across our extensive Branch and ATM network
Free e-mail alerts (InstaAlert facility)
Free BillPay facility
Free e-mail statements / passbook
Free Demand Drafts payable at HDFC Bank branch locations
Free Phonebanking, MobileBanking and NetBanking facilities
* Terms and Conditions apply
What are the fees and charges of Regular Salary Account ?
Enclosed below are HDFC Bank Regular Salary Account fees and charges
Description of Charges
Minimum Balance (Average
Monthly Balance)
Charges on non maintenance
thereof
PAP Cheque book

PAP Cheque book usage charges


Issue of duplicate / adhoc
statements

Hold Statement
Passbook issuance*
Duplicate passbook issuance*

Regular Salary Account


NIL
NIL
Free 25 cheque leaves per
calendar quarter
Additional chequebook of 25
leaves will be charged @ Rs 50/per chequebook
No Charges
Branch - Rs 100/PhoneBanking ( Non IVR) - Rs.75/NetBanking, Mobile Banking,
PhoneBanking - IVR & ATM - Rs
50/Rs. 400 per year
Free
Rs 100/-

Managers Cheques / Demand


Drafts - Issuance / Re-issuance On HDFC Bank Locations

Free upto Rs.25,000


DD request through Branch
Above
Rs.
25,000
upto
Rs.
50,000

Rs. 75 (Rs.
30 through
Phonebanki
ng) & Rs. 60
for Senior
Citizens /
Individuals
in Rural
Areas.
**Only DD
amount
upto Rs
100,000 for
Preferred &
Rs 50,000
for other
customers
accepted at
Phonebanki
ng.

Above
Rs.
50,000
& upto
Rs. 1
Lakh

Rs. 2.50 per


1000 or part
thereof (Min
Rs. 150)

Above
Rs. 1
Lakh

Rs. 2 per
1000 or part
thereof
(Max Rs.
10,000)

DD request through

Netbanking
Upto
Rs. 1
Lakh

Rs .30+
(Corr. Bank
charges if
applicable)

Third
party
DD
upto
Rs.
1,00,00
0

Rs .30+
(Corr. Bank
charges if
applicable)

*Third Party Registration


required ( customers
registered for third party
transfers have a maximum
limit of Rs. 10 lakhs per
customer id and hence can
issue multiple DDs of Rs. 1
lakh upto Rs. 10 lakhs and
send it to the beneficiary
address)
Managers Cheque/Demand
Drafts - Cancellation /
Revalidation

Rs 50/- (Nil cancellation /


revalidation charges for DD value
upto Rs 100/-)
Rs 40/- Senior Citizens (Nil
cancellation / revalidation charges
for DD value upto Rs 100/-)

Demand Drafts- Issued - On Non


HDFC Bank Locations

Cheque Collection - Local


Clearing Zone

Rs. 50 plus charges as


outlined below:
Upto Rs.
500

Rs. 10

Above
Rs. 500
to Rs.
1000

Rs. 15

Above
Rs. 1000
to Rs.
5000

Rs. 25

Above
Rs. 5000
to Rs.
10,000

Rs. 30

Above
Rs.
10,000 to
Rs. 1
Lakh

Rs. 3 per
1000 or
part
thereof

Above
Rs. 1
Lakh

Rs. 6 per
1000 or
part
thereof
(Min Rs.
300 to
Max Rs
10,000)

Free

Collection of outstation cheques


- our bank locations

Charges for cheques drawn on


Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs. 5,001
to Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and
above

Rs. 140 /per


instrumen
t

Cheques
drawn on
Speed

No charge

Clearing
Branches
- at CTS
locations
Collection of outstation cheques
- other locations

Charges for cheques drawn on


Non-Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs. 5,001
to Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and

Rs. 140 /per


instrumen

Cheque return charges drawn on


us - Local

above

Cheques
drawn on
Speed
Clearing
Branches
- at CTS
locations

No charge

Due to Insufficient funds - First


cheque return in a quarter Rs 350/From second cheque return in
the same quarter - Rs 750/per return
Charges due to funds transfer
cheque return - Rs. 350/Due to Technical reasons - No
charge

Cheques deposited returned


unpaid
Balance Enquiry - at Branch
Balance Certificate
Interest Certificate
TDS Certificate
Account Closure

Photo Attestation
Signature Attestation
Address Confirmation
Stop Payment Charges

Charge of Rs 100/- per instance


would be levied
Free
Current year - Free,
Previous year - Rs. 50
Rs. 50
Free
Upto 14 days - No Charge
15 days upto 12 months - Rs 500/Beyond 12 months - No Charge
Rs 100/- per instance
NIL (For Senior Citzens)
NIL
Rs 50/- per instance
Particular cheque (through
branch) - Rs. 50/- Range of
cheques (through branch) - Rs.

Standing Instructions

Unarranged overdraft
Old records/copy of paid
cheques
Activation of dormant account
Branch transactions (Includes
only Cheque deposit/Cheque
issuance/Funds Transfer
Debit/NEFT/RTGS)

Cash Transactions
No.of cash transactions (Self at
home and non-home branches)

Value of cash transactions


through teller counters by Self

Third party cash transactions


through teller counters (at home
and non-home branches)
Local Cheque deposited for
outstation accounts
Phonebanking - IVR
Phonebanking - Non IVR
ATM Card
ATM Card - Replacement
charges
ATM Card - Transaction Charge Non HDFC Bank ATM

100/Through Phonebanking and Net


banking - Free
Setting up Charges - NIL
Rs. 25 per transaction
plus remittancecharge
Rs 100 per Occasion + 18%
Interest p.a
Upto 1 year - Rs. 50 per record,
Above 1 year - Rs. 100 per record
No charges
- In case the AMB in the previous
month is equal to or above Rs
50,000/- No charges would be
levied
-In case the AMB is below Rs
50,000/- 15 txn free/month would
be permitted and charge of Rs
75/txn would be levied from the
16th transaction onwards
5 free cash transactions per
month would be permitted and Rs
100/- per txn would be levied 6th
transaction onwards.
Home Branch - Free with no limit
on cash deposit and withdrawal
Non Home Branch (Interbranch) Value upto Rs. 49,999/ per day No charge
Above Rs. 49,999/- Rs 5/- per
1,000/- on the full amount
Upto a limit of Rs.50,000 per day Rs.100 (plus taxes). Above
Rs.50,000 - Not allowed
Free
Free
Free
Free
Rs. 100 (plus taxes)
Free for first 5 transactions in a
month
From 6th transaction onwards -

Debit Card - Annual Fee Regular


Debit Card - Annual Fee Titanium
Debit Card - Annual Fee Titanium Royale
Debit Card - Annual Fee - Gold /
Platinum
Debit Card - Annual Fee Women's Card
Debit Card - Renewal Fee Regular
Debit Card - Renewal Fee Titanium
Debit Card - Renewal Fee Titanium Royale
Debit Card - Renewal Fee Gold / Platinum
Debit Card - Renewal Fee Women's Card
Debit Card - Replacement
charges

Debit Card - Transaction Charge


- HDFC Bank ATMs
Debit Card - Transaction Charge
- Non HDFC Bank Domestic
ATMs

Debit Card - Transaction Charge


- Non HDFC Bank International
ATMs

Cash withdrawal - Rs. 20/transaction (inclusive of taxes)


Non-Financial Transaction Rs. 8.5/-transaction (exclusive of
taxes) per transaction
Free
Rs. 250 per year (plus taxes)
Rs. 400 per year (plus taxes)
Rs. 500 per year (plus taxes)
Free
Free
Rs. 250 per year (plus taxes)
Rs. 400 per year (plus taxes)
Rs. 500 per year (plus taxes)
Free
Replacement of a damaged card No charges & Replacement of a
lost card - Rs. 100 (plus taxes) (for
all card types)
Free
A total of 5 free ATM financial and
non-financial transactions per
month
Additional transactions
Rs. 20/- (inclusive of taxes) per
transaction for ATM Cash
Withdrawals
Rs. 8.50/- (exclusive of taxes) per
transaction for ATM non-financial
transactions
Rs. 15 per balance enquiry & Rs.
110 per cash withdrawal (plus
taxes)
The Bank will charge cross-

currency mark-up of 3.5% on


foreign currency transactions
carried out on Debit Cards. The
exchange rate used will be the
VISA/Master Card wholesale
exchange rate prevailing at the
time of transaction
Rs. 50 (plus taxes)
Transactions declined at other
Bank ATMs anywhere in the world
or at a Merchant outlet outside
India due to insufficient funds will
be charged at Rs. 25 per
transaction (plus taxes)
Rs 100 per year (plus taxes)-One
Add-on card free for the first year
Rs. 500 per year (plus taxes)

PIN regeneration charge


Decline charge for insufficient
balance

Add-on Debit Card - Regular


Add-on Debit
Platinum
Add-on Debit
Card
Add-on Debit
Add-on Debit
Royale
BillPay
InstaPay
InstaAlert

Card - Gold Card /


Card - Women's

Rs 100 per year (plus taxes)-One


Add-on card free for the first year
Rs. 250 per year (plus taxes)
Rs. 400 per year (plus taxes)

Card - Titanium
Card - Titanium

Visa Money Transfer


NEFT Charges - Inward
NEFT Charges- outward

NEFT Charges for Indo Nepal


transactions

Free
Rs. 10 (plus taxes) per transaction
Email - Free
SMS - Rs. 15/- per quarter
Rs. 5 (plus taxes) per transaction
NIL
Amounts up to Rs. 10,000 - Rs.2.5
(exclusive of taxes) per
transaction
Amounts from Rs.10,001 to Rs.1
lakh - Rs. 5 (exclusive of taxes)
per transaction
Amounts above Rs. 1 lakh up to
Rs. 2 lakh - Rs. 15 (exclusive of
taxes) per transaction
Amounts above Rs.2 lakh Rs.25
(exclusive of taxes) per
transaction
Customers having NSBL*A/c - Rs
20/Customers having non-NSBL* A/c:
Upto Rs 5,000 - Rs 70/-

RTGS - Outward

RTGS - Inward
IMPS (Immediate Payment
Service) - Outward
Charges effective 10th May-14

IMPS (Immediate Payment


Service) - Inward
Mobilebanking
Netbanking
ECS (Debit) Return Charges

Any Deliverable returned by


courier due to negative reasons
(no such consignee/ consignee
shifted and no such address)
TIN/IPIN Regeneration (requests
received at the branch for
physical dispatch)
SI rejects
Cash Handling for cash deposit
at home branch

Above Rs 5,000 - Rs 95/* Nepal State Bank Ltd


Above Rs. 2 lakhs to 5 Lakhs - Rs.
25 (inclusive of taxes) per
transaction
Above Rs 5 Lakh - Rs. 50
(inclusive of taxes) per transaction
NIL
Amount up to Rs. 10,000 - Rs.3.5
(exclusive of taxes) per
transaction
Amount above Rs.10,000 to Rs.1
lakh - Rs. 5 (exclusive of taxes)
per transaction
Amount above Rs. 1 lakh up to Rs.
2 lakhs - Rs. 15 (exclusive of
taxes) per transaction
NIL
Free
Free
- Rs 350/- in a quarter
- Rs 750/- would be levied, second
instance onwards in the same
quarter.
Rs 50/- per instance

Rs 50/- per instance

Rs 200/- per instance


For non-managed customers
- Cash deposit value upto Rs 1
lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per Rs
50,000 or part thereof.

Charge will be levied for the full


amount.
*at home branch for account holders (individuals)

Effective 1st April 2012, all fees and charges, mentioned in the Tariff of
charges, will attract Service Tax @12% and Education Cess @3% of the
Service Tax amount.
Premium Salary Account
A customized salary account for select corporate, backed by priority service.
Special offers and benefits such as a free zero balance account for you and
your family. This account comes with free Personal Accidental Death Cover of
Rs 5 lac

Features
Zero Balance Savings Account
Free Personal Accidental Death Cover of Rs. 5 lakhs*
Free Titanium Debit Card with ATM cash withdrawal limit of Rs. 50,000/- per
day and shopping limit of Rs. 75,000/- per day
Free access to other bank ATMs in India 5 free cash withdrawal and balance
enquiry transactions per month
Free payable at par chequebook One per quarter
Free add-on International Debit Card
Free Zero Balance Salary Family Account for your family members with same
benefits as your salary account
o Free Personal Accidental Death Cover of Rs. 1 lakh*
o Free Titanium Debit Card with ATM cash withdrawal limit of Rs. 50,000
per day and shopping limit of Rs. 75,000 per day
o And many more benefits as approved for main salary account
Preferential pricing on loan products*
Transfer funds online to any bank across the country through NEFT / RTGS
Anywhere banking across our extensive Branch and ATM network
Free mobile and e-mail alerts (InstaAlert facility)
Free BillPay facility
Free monthly account statements / e-mail statements / passbook
Free Demand Drafts payable at HDFC Bank branch locations
Free Phonebanking, Mobilebanking and Netbanking facilities
Enclosed below are HDFC Bank Premium Salary Account fees and charges
Description of Charges

Premium Salary Account

Minimum Balance (Average


Monthly Balance)

NIL

Charges on non maintenance


thereof

NIL

PAP Cheque book

Free 25 cheque leaves per


calendar quarter
Additional chequebook of 25
leaves will be charged @ Rs 50/per chequebook

PAP Cheque book usage


charges

No Charges

Issue of duplicate / adhoc


statements

Branch - Rs 100/PhoneBanking ( Non IVR) Rs.75/NetBanking, Mobile Banking,


PhoneBanking - IVR & ATM - Rs
50/-

Hold Statement

Rs. 400 per year

Passbook issuance*

Free

Duplicate passbook
issuance*

Rs 100/-

Managers Cheques / Demand


Drafts - Issuance / Reissuance - On HDFC Bank
Locations

Free upto Rs.25,000


DD request through Branch
Above
Rs.
25,000
upto
Rs.
50,000

Rs. 75 (Rs.
30 through
Phonebanki
ng) & Rs.
60 for
Senior
Citizens /
Individuals
in Rural
Areas.

**Only DD
amount
upto Rs
100,000 for
Preferred &
Rs 50,000
for other
customers
accepted at
Phonebanki
ng.
Above
Rs.
50,000
& upto
Rs. 1
Lakh

Rs. 2.50
per 1000 or
part thereof
(Min Rs.
150)

Above
Rs. 1
Lakh

Rs. 2 per
1000 or
part thereof
(Max Rs.
10,000)

DD request through
Netbanking
Upto
Rs. 1
Lakh

Rs .30+
(Corr. Bank
charges if
applicable)

Third
party
DD
upto
Rs.

Rs .30+
(Corr. Bank
charges if
applicable)

1,00,0
00
*Third Party Registration
required ( customers
registered for third party
transfers have a maximum
limit of Rs. 10 lakhs per
customer id and hence can
issue multiple DDs of Rs. 1
lakh upto Rs. 10 lakhs and
send it to the beneficiary
address)

Managers Cheque/Demand
Drafts - Cancellation /
Revalidation

Demand Drafts- Issued - On


Non HDFC Bank Locations

Rs 50/- (Nil cancellation /


revalidation charges for DD value
upto Rs 100/-)
Rs 40/- Senior Citizens (Nil
cancellation / revalidation
charges for DD value upto Rs
100/-)

Rs. 50 plus charges as


outlined below:
Upto Rs.
500

Rs. 10

Above
Rs. 500
to Rs.
1000

Rs. 15

Above
Rs. 1000
to Rs.

Rs. 25

5000

Cheque Collection - Local


Clearing Zone
Collection of outstation
cheques - our bank locations

Above
Rs. 5000
to Rs.
10,000

Rs. 30

Above
Rs.
10,000
to Rs. 1
Lakh

Rs. 3 per
1000 or
part
thereof

Above
Rs. 1
Lakh

Rs. 6 per
1000 or
part
thereof
(Min Rs.
300 to
Max Rs
10,000)

Free

Charges for cheques drawn


on Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs.
5,001 to
Rs

Rs. 50/-,
Rs. 40/for Rural

10,000

branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and
above

Rs. 140 /per


instrumen
t

Cheques
drawn
on
Speed
Clearing
Branche
s - at
CTS
location
s

No charge

Collection of outstation
cheques - other locations

Charges for cheques drawn


on Non-Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs.
5,001 to
Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and
above

Rs. 140 /per


instrumen
t

Cheques
drawn

No charge

on
Speed
Clearing
Branche
s - at
CTS
location
s

Cheque return charges


drawn on us - Local

Due to Insufficient funds First cheque return in a


quarter - Rs 350/From second cheque return
in the same quarter - Rs
750/- per return
Charges due to funds
transfer cheque return - Rs.
350/Due to Technical reasons - No
charge

Cheques deposited returned


unpaid

Charge of Rs 100/- per instance


would be levied

Balance Enquiry - at Branch

Free

Balance Certificate

Current year - Free,


Previous year - Rs. 50

Interest Certificate

Rs. 50

TDS Certificate

Free

Account Closure

Upto 14 days - No Charge


15 days upto 12 months - Rs
500/Beyond 12 months - No Charge

Photo Attestation

Rs 100/- per instance


NIL (For Senior Citzens)

Signature Attestation

NIL

Address Confirmation

Rs 50/- per instance

Stop Payment Charges

Particular cheque (through


branch) - Rs. 50/- Range of
cheques (through branch) - Rs.
100/Through Phonebanking and Net
banking - Free

Standing Instructions

Setting up Charges - NIL


Rs. 25 per transaction
plus remittancecharge

Unarranged overdraft

Rs 100 per Occasion + 18%


Interest p.a

Old records/copy of paid


cheques

Upto 1 year - Rs. 50 per record,


Above 1 year - Rs. 100 per record

Activation of dormant
account

No charges

Branch transactions (Includes


only Cheque deposit/Cheque

- In case the AMB in the previous


month is equal to or above Rs

issuance/Funds Transfer
Debit/NEFT/RTGS)

50,000/- No charges would be


levied
-In case the AMB is below Rs
50,000/- 15 txn free/month would
be permitted and charge of Rs
75/txn would be levied from the
16th transaction onwards

Cash Transactions
No.of cash transactions (Self
at home and non-home
branches)

5 free cash transactions per


month would be permitted and
Rs 100/- per txn would be levied
6th transaction onwards.

Value of cash transactions


through teller counters by
Self

Home Branch - Free with no limit


on cash deposit and withdrawal
Non Home Branch (Interbranch)
Value upto Rs. 49,999/ per day No charge
Above Rs. 49,999/- Rs 5/- per
1,000/- on the full amount

Third party cash transactions


through teller counters (at
home and non-home
branches)

Upto a limit of Rs.50,000 per day


- Rs.100 (plus taxes). Above
Rs.50,000 - Not allowed

Local Cheque deposited for


outstation accounts

Free

Phonebanking - IVR

Free

Phonebanking - Non IVR

Free

ATM Card

Free

ATM Card - Replacement


charges

Rs. 100 (plus taxes)

ATM Card - Transaction


Charge - Non HDFC Bank
ATM

Free for first 5 transactions in a


month
From 6th transaction onwards Cash withdrawal - Rs. 20/transaction (inclusive of taxes)
Non-Financial Transaction Rs. 8.5/-transaction (exclusive of
taxes) per transaction

Debit Card - Annual Fee Regular

Free

Debit Card - Annual Fee Titanium

Free

Debit Card - Annual Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Annual Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Annual Fee Women's Card

Free

Debit Card - Renewal Fee Regular

Free

Debit Card - Renewal Fee Titanium

Free

Debit Card - Renewal Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Renewal Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Renewal Fee Women's Card

Free

Debit Card - Replacement


charges

Replacement of a damaged card


- No charges & Replacement of a
lost card - Rs. 100 (plus taxes)
(for all card types)

Debit Card - Transaction


Charge - HDFC Bank ATMs

Free

Debit Card - Transaction


Charge - Non HDFC Bank
Domestic ATMs

A total of 5 free ATM financial and


non-financial transactions per
month
Additional transactions
Rs. 20/- (inclusive of taxes) per
transaction for ATM Cash
Withdrawals
Rs. 8.50/- (exclusive of taxes) per
transaction for ATM non-financial
transactions

Debit Card - Transaction


Charge - Non HDFC Bank
International ATMs

Rs. 15 per balance enquiry & Rs.


110 per cash withdrawal (plus
taxes)
The Bank will charge crosscurrency mark-up of 3.5% on
foreign currency transactions
carried out on Debit Cards. The
exchange rate used will be the
VISA/Master Card wholesale
exchange rate prevailing at the
time of transaction

PIN regeneration charge

Rs. 50 (plus taxes)

Decline charge for


insufficient balance

Transactions declined at other


Bank ATMs anywhere in the world
or at a Merchant outlet outside
India due to insufficient funds will
be charged at Rs. 25 per
transaction (plus taxes)

Add-on Debit Card - Regular

Free

Add-on Debit Card - Gold


Card / Platinum

Rs. 500 per year (plus taxes)

Add-on Debit Card - Women's


Card

Free

Add-on Debit Card - Titanium

Rs. 250 per year (plus taxes)

Add-on Debit Card - Titanium


Royale

Rs. 400 per year (plus taxes)

BillPay

Free

InstaPay

Rs. 10 (plus taxes) per


transaction

InstaAlert

Free

Visa Money Transfer

Rs. 5 (plus taxes) per transaction

NEFT Charges - Inward

NIL

NEFT Charges- outward

Amounts up to Rs. 10,000 -

Rs.2.5 (exclusive of taxes)


per transaction
Amounts from Rs.10,001 to
Rs.1 lakh - Rs. 5 (exclusive of
taxes) per transaction
Amounts above Rs. 1 lakh up
to Rs. 2 lakh - Rs. 15
(exclusive of taxes) per
transaction
Amounts above Rs.2 lakh
Rs.25 (exclusive of taxes) per
transaction

NEFT Charges for Indo Nepal


transactions

Customers having NSBL*A/c - Rs


20/Customers having non-NSBL* A/c:
Upto Rs 5,000 - Rs 70/Above Rs 5,000 - Rs 95/* Nepal State Bank Ltd

RTGS - Outward

Above Rs. 2 lakhs to 5 Lakhs


- Rs. 25 (inclusive of taxes)
per transaction
Above Rs 5 Lakhs - Rs. 50
(inclusive of taxes) per
transaction

RTGS - Inward
IMPS (Immediate Payment
Service) Outward

NIL

Amount up to Rs. 10,000 - Rs.3.5


(exclusive of taxes) per

Charges effective 10th May14

transaction
Amount above Rs.10,000 to Rs.1
lakh - Rs. 5 (exclusive of taxes)
per transaction
Amount above Rs. 1 lakh up to
Rs. 2 lakhs - Rs. 15 (exclusive of
taxes) per transaction

IMPS (Immediate Payment


Service) - Inward

NIL

Mobilebanking

Free

Netbanking

Free

ECS (Debit) Return Charges

- Rs 350/- in a quarter
- Rs 750/- would be levied,
second instance onwards in the
same quarter.

Any Deliverable returned by


courier due to negative
reasons (no such consignee/
consignee shifted and no
such address)

Rs 50/- per instance

TIN/IPIN Regeneration
(requests received at the
branch for physical dispatch)

Rs 50/- per instance

SI rejects

Rs 200/- per instance

Cash Handling for cash


deposit at home branch

For non-managed customers


- Cash deposit value upto Rs 1
lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per Rs
50,000 or part thereof.

Charge will be levied for the full


amount.
*at home branch for account holders (individuals)
Effective 1st April 2012, all fees and charges, mentioned in the Tariff of
charges, will attract Service Tax @12% and Education Cess @3% of the
Service Tax amount.
Classic Salary Account
This salary account offers you a complete range of services to meet your
banking requirements. It comes with an International Debit Card and access
to one of the most advanced and secure NetBanking and MobileBanking
services - all free of charge.

Features
Zero Balance Savings Account
Free International Debit Card with ATM cash withdrawal limit of Rs. 25,000/per day and shopping limit of Rs. 40,000/- per day
Free access to other bank ATMs in India 5 free cash withdrawal and balance
enquiry transactions per month
Free payable at par chequebook One per quarter
Transfer funds online to any bank across the country through NEFT / RTGS
Anywhere Banking across our extensive Branch and ATM network
Free e-mail alerts (InstaAlerts Facility)
Free BillPay facility
Free e-mail statements / passbook
Free Demand Drafts payable at HDFC Bank branch locations
Free PhoneBanking, MobileBanking and NetBanking facilities
Enclosed below are HDFC Bank Classic Salary Account fees and charges
Description of Charges

Classic Salary Account

Minimum Balance (Average


Monthly Balance)

NIL

Charges on non maintenance


thereof

NIL

PAP Cheque book

Free 25 cheque leaves per


calendar quarter
Additional chequebook of 25
leaves will be charged @ Rs 50/-

per chequebook
PAP Cheque book usage
charges

No Charges

Issue of duplicate / adhoc


statements

Branch - Rs 100/PhoneBanking ( Non IVR) - Rs.75/NetBanking, Mobile Banking,


PhoneBanking - IVR & ATM - Rs
50/-

Hold Statement

Rs. 400 per year

Passbook issuance*

Free

Duplicate passbook
issuance*

Rs 100/-

Managers Cheques /
Demand Drafts - Issuance /
Re-issuance - On HDFC Bank
Locations

Free upto Rs.25,000


DD request through Branch
Above
Rs.
25,000
upto
Rs.
50,000

Rs. 75 (Rs.
30 through
Phonebanki
ng). Rs. 60
for Senior
Citizens /
Individuals
in Rural
Areas
**Only DD
amount
upto Rs
100,000 for
Preferred &
Rs 50,000

for other
customers
accepted at
Phonebanki
ng.
Above
Rs.
50,000
& upto
Rs. 1
Lakh

Rs. 2.50 per


1000 or
part thereof
(Min Rs.
150)

Above
Rs. 1
Lakh

Rs. 2 per
1000 or
part thereof
(Max Rs.
10,000)

DD request through
Netbanking
Upto
Rs. 1
Lakh

Rs .30+
(Corr. Bank
charges if
applicable)

Third
party
DD
upto
Rs.
1,00,0
00

Rs .30+
(Corr. Bank
charges if
applicable)

*Third Party Registration


required ( customers
registered for third party

transfers have a maximum


limit of Rs. 10 lakhs per
customer id and hence can
issue multiple DDs of Rs. 1
lakh upto Rs. 10 lakhs and
send it to the beneficiary
address)

Managers Cheque/Demand
Drafts - Cancellation /
Revalidation

Demand Drafts- Issued - On


Non HDFC Bank Locations

Rs 50/- (Nil cancellation /


revalidation charges for DD value
upto Rs 100/-)
Rs 40/- Senior Citizens (Nil
cancellation / revalidation
charges for DD value upto Rs
100/-)

Rs. 50 plus charges as


outlined below:
Upto Rs.
500

Rs. 10

Above
Rs. 500
to Rs.
1000

Rs. 15

Above
Rs. 1000
to Rs.
5000

Rs. 25

Above
Rs. 5000
to Rs.
10,000

Rs. 30

Cheque Collection - Local


Clearing Zone
Collection of outstation
cheques - our bank locations

Above
Rs.
10,000
to Rs. 1
Lakh

Rs. 3 per
1000 or
part
thereof

Above
Rs. 1
Lakh

Rs. 6 per
1000 or
part
thereof
(Min Rs.
300 to
Max Rs
10,000)

Free

Charges for cheques drawn


on Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs.
5,001 to
Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations

Collection of outstation
cheques - other locations

Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and
above

Rs. 140 /per


instrumen
t

Cheques
drawn
on
Speed
Clearing
Branche
s - at
CTS
locations

No charge

Charges for cheques drawn


on Non-Branch locations
Upto Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branches

Rs.

Rs. 50/-,

5,001 to
Rs
10,000

Rs. 40/for Rural


branches

Rs.
10,001
to Rs.
1,00,000

Rs. 100/-

Rs.
1,00,001
and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto Rs.
1,00,000

No
charges

Rs.
1,00,001
and
above

Rs. 140 /per


instrumen
t

Cheques
drawn
on
Speed
Clearing
Branche
s - at
CTS
locations

No charge

Cheque return charges


drawn on us - Local

Due to Insufficient funds First cheque return in a


quarter - Rs 350/From second cheque return in
the same quarter Rs 750/per return
Charges due to funds transfer
cheque return - Rs. 350/Due to Technical reasons - No
charge

Cheques deposited returned


unpaid

Charge of Rs 100/- per instance


would be levied

Balance Enquiry - at Branch

Free

Balance Certificate

Current year - Free,


Previous year - Rs. 50

Interest Certificate

Rs. 50

TDS Certificate

Free

Account Closure

Upto 14 days - No Charge


15 days upto 12 months - Rs
500/Beyond 12 months - No Charge

Photo Attestation

Rs 100/- per instance


NIL (For Senior Citzens)

Signature Attestation

NIL

Address Confirmation

Rs 50/- per instance

Stop Payment Charges

Particular cheque (through


branch) - Rs. 50/- Range of
cheques (through branch) - Rs.
100/Through Phonebanking and Net
banking - Free

Standing Instructions

Setting up Charges - NIL


Rs. 25 per transaction
plus remittancecharge

Unarranged overdraft

Rs 100 per Occasion + 18%


Interest p.a

Old records/copy of paid


cheques

Upto 1 year - Rs. 50 per record,


Above 1 year - Rs. 100 per record

Activation of dormant
account

No charges

Branch transactions
(Includes only Cheque
deposit/Cheque
issuance/Funds Transfer
Debit/NEFT/RTGS)

- In case the AMB in the previous


month is equal to or above Rs
50,000/- No charges would be
levied
-In case the AMB is below Rs
50,000/- 15 txn free/month would
be permitted and charge of Rs
75/txn would be levied from the
16th transaction onwards

Cash Transactions
No.of cash transactions (Self

5 free cash transactions per

at home and non-home


branches)

month would be permitted and Rs


100/- per txn would be levied 6th
transaction onwards.

Value of cash transactions


through teller counters by
Self

Home Branch - Free with no limit


on cash deposit and withdrawal
Non Home Branch (Interbranch) Value upto Rs. 49,999/ per day No charge
Above Rs. 49,999/- Rs 5/- per
1,000/- on the full amount

Third party cash transactions


through teller counters (at
home and non-home
branches)

Upto a limit of Rs.50,000 per day


- Rs.100 (plus taxes). Above
Rs.50,000 - Not allowed

Local Cheque deposited for


outstation accounts

Free

Phonebanking - IVR

Free

Phonebanking - Non IVR

Free

ATM Card

Free

ATM Card - Replacement


charges

Rs. 100 (plus taxes)

ATM Card - Transaction


Charge - Non HDFC Bank
ATM

Free for first 5 transactions in a


month
From 6th transaction onwards Cash withdrawal - Rs. 20/transaction (inclusive of taxes)
Non-Financial Transaction Rs. 8.5/-transaction (exclusive of
taxes) per transaction

Debit Card - Annual Fee Regular

Free

Debit Card - Annual Fee Titanium

Rs. 250 per year (plus taxes)

Debit Card - Annual Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Annual Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Annual Fee Women's Card

Free

Debit Card - Renewal Fee Regular

Free

Debit Card - Renewal Fee Titanium

Rs. 250 per year (plus taxes)

Debit Card - Renewal Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Renewal Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Renewal Fee Women's Card

Free

Debit Card - Replacement


charges

Replacement of a damaged card No charges & Replacement of a


lost card - Rs. 100 (plus taxes)
(for all card types)

Debit Card - Transaction

Free

Charge - HDFC Bank ATMs


Debit Card - Transaction
Charge - Non HDFC Bank
Domestic ATMs

A total of 5 free ATM financial and


non-financial transactions per
month
Additional transactions
Rs. 20/- (inclusive of taxes) per
transaction for ATM Cash
Withdrawals
Rs. 8.50/- (exclusive of taxes) per
transaction for ATM non-financial
transactions

Debit Card - Transaction


Charge - Non HDFC Bank
International ATMs

Rs. 15 per balance enquiry & Rs.


110 per cash withdrawal (plus
taxes)
The Bank will charge crosscurrency mark-up of 3.5% on
foreign currency transactions
carried out on Debit Cards. The
exchange rate used will be the
VISA/Master Card wholesale
exchange rate prevailing at the
time of transaction

PIN regeneration charge

Rs. 50 (plus taxes)

Decline charge for


insufficient balance

Transactions declined at other


Bank ATMs anywhere in the world
or at a Merchant outlet outside
India due to insufficient funds will
be charged at Rs. 25 per
transaction (plus taxes)

Add-on Debit Card - Regular

Rs. 100 per year (plus taxes)

Add-on Debit Card - Gold

Rs. 500 per year (plus taxes)

Card / Platinum
Add-on Debit Card - Women's
Card

Rs. 100 per year (plus taxes)

Add-on Debit Card - Titanium

Rs. 250 per year (plus taxes)

Add-on Debit Card - Titanium


Royale

Rs. 400 per year (plus taxes)

BillPay

Free

InstaPay

Rs. 10 (plus taxes) per


transaction

InstaAlert

Email - Free
SMS - Rs. 15/- per quarter

Visa Money Transfer

Rs. 5 (plus taxes) per transaction

NEFT Charges - Inward

NIL

NEFT Charges- outward

NEFT Charges for Indo Nepal


transactions

Amounts up to Rs. 10,000 Rs.2.5 (exclusive of taxes) per


transaction
Amounts from Rs.10,001 to Rs.1
lakh - Rs. 5 (exclusive of taxes)
per transaction
Amounts above Rs. 1 lakh up to
Rs. 2 lakh - Rs. 15 (exclusive of
taxes) per transaction
Amounts above Rs.2 lakh Rs.25
(exclusive of taxes) per
transaction
Customers having NSBL*A/c - Rs
20/-

Customers having non-NSBL* A/c:


Upto Rs 5,000 - Rs 70/Above Rs 5,000 - Rs 95/* Nepal State Bank Ltd
RTGS - Outward

RTGS - Inward
IMPS (Immediate Payment
Service) - Outward
Charges effective 10th May14

Above Rs. 2 Lakh to 5 Lakh - Rs.


25 (inclusive of taxes) per
transaction
Above Rs 5 Lakh - Rs. 50
(inclusive of taxes) per
transaction
NIL

Amount up to Rs. 10,000 - Rs.3.5


(exclusive of taxes) per
transaction
Amount above Rs.10,000 to Rs.1
lakh - Rs. 5 (exclusive of taxes)
per transaction
Amount above Rs. 1 lakh up to
Rs. 2 lakhs - Rs. 15 (exclusive of
taxes) per transaction

IMPS (Immediate Payment


Service) - Inward

NIL

Mobilebanking

Free

Netbanking

Free

ECS (Debit) Return Charges

- Rs 350/- in a quarter
- Rs 750/- would be levied,
second instance onwards in the
same quarter.

Any Deliverable returned by


courier due to negative

Rs 50/- per instance

reasons (no such consignee/


consignee shifted and no
such address)
TIN/IPIN Regeneration
(requests received at the
branch for physical dispatch)

Rs 50/- per instance

SI rejects

Rs 200/- per instance

Cash Handling for cash


deposit at home branch

For non-managed customers


- Cash deposit value upto Rs 1
lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per Rs
50,000 or part thereof.
Charge will be levied for the full
amount.

*at home branch for account holders (individuals)


Effective 1st April 2012, all fees and charges, mentioned in the Tariff of
charges, will attract Service Tax @12% and Education Cess @3% of the
Service Tax amount.
Reimbursement Account
Keep track of your expenses by receiving your reimbursements in a separate
account.
Features

Zero Balance Account


Easily distinguish between reimbursements and monthly salary amounts
Free chequebook (On request)
Existing Debit Card to be linked with Salary Account
Choose from Salary or Reimbursement account when withdrawing cash from
ATMs
Debit Card issued on request (Charges applicable)
Free e-mail statements
Free e-mail alerts (InstaAlerts)
Free BillPay facility (Utility payments)
Free PhoneBanking, MobileBanking and NetBanking facilities

To open a Reimbursement Current you have to follow the procedure mentioned


below:

You will need an Account Opening Document (AOD) from HDFC Bank. (If you
have just joined, first request your company to open a Salary Account for
you).
Mention your Salary Account number and your Debit Card number on the
AOD so that your Debit card can be linked to both your Salary Account and
your new Reimbursement Account.
Request your company to directly credit reimbursement payments in this
account.
Enclosed below are HDFC Bank Reimbursement Account fees and charges
Description of Charges

Reimbursement Account

Minimum Balance (Average


Monthly Balance)

NIL

Charges on non
maintenance thereof

NIL

PAP Cheque book

On Request - Free 25 cheque


leaves per calendar quarter
Additional chequebook of 25
leaves will be charged @ Rs
50/- per chequebook

PAP Cheque book usage


charges

No Charges

Issue of duplicate / adhoc


statements

Branch - Rs 100/PhoneBanking ( Non IVR) Rs.75/NetBanking, Mobile Banking,


PhoneBanking - IVR & ATM - Rs
50/-

Hold Statement

Rs. 400 per year

Passbook issuance*

Free

Duplicate passbook
issuance*

Rs 100/-

Managers Cheques /
Demand Drafts - Issuance /
Re-issuance - On HDFC Bank
Locations

DD request through Branch


Upto
Rs.
10,0
00

Rs. 50
Rs. 40
(Senior
Citizens /
Individuals
in Rural
areas).
Rs. 30
through
Phonebank
ing

Abov
e Rs.
10,0
00
upto
Rs.
50,0
00

Rs. 75 (Rs.
30 through
Phonebank
ing) & Rs.
60 for
Senior
Citizens /
Individuals
in Rural
Areas.
**Only DD
amount
upto Rs
100,000 for
Preferred &
Rs 50,000
for other
customers
accepted
at

Phonebank
ing.
Abov
e Rs.
50,0
00 &
upto
Rs. 1
Lakh

Rs. 2.50
per 1000
or part
thereof
(Min Rs.
150)

Abov
e Rs.
1
Lakh

Rs. 2 per
1000 or
part
thereof
(Max Rs.
10,000)

DD request through
Netbanking
Upto
Rs. 1
Lakh

Rs .30+
(Corr. Bank
charges if
applicable)

Third
part
y
DD*
upto
Rs. 1
Lakh
s

Rs .30+
(Corr. Bank
charges if
applicable)

*Third Party Registration


required ( customers
registered for third party

transfers have a maximum


limit of Rs. 10 lakhs per
customer id and hence can
issue multiple DDs of Rs. 1
lakh upto Rs. 10 lakhs and
send it to the beneficiary
address)

Managers Cheque/Demand
Drafts - Cancellation /
Revalidation

Demand Drafts- Issued - On


Non HDFC Bank Locations

Rs 50/- (Nil cancellation /


revalidation charges for DD
value upto Rs 100/-)
Rs 40/- Senior Citizens (Nil
cancellation / revalidation
charges for DD value upto Rs
100/-)

Rs. 50 plus charges as


outlined below:
Upto
Rs. 500

Rs. 10

Above
Rs. 500
to Rs.
1000

Rs. 15

Above
Rs.
1000 to
Rs.
5000

Rs. 25

Above
Rs.
5000 to
Rs.

Rs. 30

10,000

Cheque Collection - Local


Clearing Zone
Collection of outstation
cheques - our bank locations

Above
Rs.
10,000
to Rs. 1
Lakh

Rs. 3
per
1000 or
part
thereof

Above
Rs. 1
Lakh

Rs. 6
per
1000 or
part
thereof
(Min Rs.
300 to
Max Rs
10,000)

Free

Charges for cheques drawn


on Branch locations
Upto
Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branche
s

Rs.
5,001
to Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branche
s

Rs.
10,001
to Rs.
1,00,00
0

Rs.
100/-

Rs.
1,00,00
1 and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto
Rs.
1,00,00
0

No
charges

Rs.
1,00,00
1 and
above

Rs.
140 /per
instrume
nt

Cheque
s
drawn
on
Speed
Clearin
g
Branch
es - at
CTS
locatio
ns

No
charge

Collection of outstation
cheques - other locations

Charges for cheques drawn


on Non-Branch locations
Upto
Rs
5,000

Rs. 25/-,
Rs. 20/for Rural
branche
s

Rs.
5,001
to Rs
10,000

Rs. 50/-,
Rs. 40/for Rural
branche
s

Rs.
10,001
to Rs.
1,00,00
0

Rs.
100/-

Rs.
1,00,00
1 and
above

Rs. 150/-

Cheques drawn on Speed


Clearing Branches - at non
CTS locations
Upto
Rs.
1,00,00
0

No
charges

Rs.
1,00,00

Rs.
140 /-

Cheque return charges


drawn on us - Local

1 and
above

per
instrume
nt

Cheque
s
drawn
on
Speed
Clearin
g
Branch
es - at
CTS
locatio
ns

No
charge

Due to Insufficient funds First cheque return in a


quarter - Rs 350/From second cheque return
in the same quarter Rs
750/- per return
Charges due to funds
transfer cheque return Rs. 350/Due to Technical reasons No charge

Cheques deposited returned


unpaid

Charge of Rs 100/- per


instance would be levied

Balance Enquiry - at Branch

Free

Balance Certificate

Current year - Free, Previous


year - Rs. 50

Interest Certificate

Rs. 50

TDS Certificate

Free

Account Closure

Upto 14 days - No Charge


15 days upto 12 months - Rs
500/Beyond 12 months - No Charge

Photo Attestation

Rs 100/- per instance


NIL (For Senior Citzens)

Signature Attestation

NIL

Address Confirmation

Rs 50/- per instance

Stop Payment Charges

Particular cheque (through


branch) - Rs. 50/- Range of
cheques (through branch) - Rs.
100/Through Phonebanking and
Net banking - Free

Standing Instructions

Setting up Charges - NIL


Rs. 25 per transaction
plus remittancecharge

Unarranged overdraft

Rs 100 per Occasion + 18%


Interest p.a

Old records/copy of paid

Upto 1 year - Rs. 50 per

cheques

record,
Above 1 year - Rs. 100 per
record

Activation of dormant
account

No charges

Branch transactions
(Includes only Cheque
deposit/Cheque
issuance/Funds Transfer
Debit/NEFT/RTGS)

- In case the AMB in the


previous month is equal to or
above Rs 50,000/- No charges
would be levied
-In case the AMB is below Rs
50,000/- 15 txn free/month
would be permitted and charge
of Rs 75/txn would be levied
from the 16th transaction
onwards

Cash Transactions
No.of cash transactions (Self
at home and non-home
branches)

5 free cash transactions per


month would be permitted and
Rs 100/- per txn would be
levied 6th transaction
onwards.

Value of cash transactions


through teller counters by
Self

Home Branch - Free with no


limit on cash deposit and
withdrawal
Non Home Branch
(Interbranch) Value upto Rs. 49,999/ per day
- No charge
Above Rs. 49,999/- Rs 5/- per
1,000/- on the full amount

Third party cash


transactions through teller
counters (at home and non-

Upto a limit of Rs.50,000 per


day - Rs.100 (plus taxes).

home branches)

Above Rs.50,000 - Not allowed

Local Cheque deposited for


outstation accounts

Free

Phonebanking - IVR

Free

Phonebanking - Non IVR

Free

ATM Card

Free

ATM Card - Replacement


charges

Rs. 100 (plus taxes)

ATM Card - Transaction


Charge - Non HDFC Bank
ATM

Free for first 5 transactions in a


month
From 6th transaction onwards
Cash withdrawal - Rs. 20/transaction (inclusive of taxes)
Non-Financial Transaction Rs. 8.5/-transaction (exclusive
of taxes) per transaction

Debit Card - Annual Fee Regular

Rs. 100 per year (plus taxes)

Debit Card - Annual Fee Titanium

Rs. 250 per year (plus taxes)

Debit Card - Annual Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Annual Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Annual Fee Women's Card

Rs. 100 per year (plus taxes)

Debit Card - Renewal Fee Regular

Rs. 100 per year (plus taxes)

Debit Card - Renewal Fee Titanium

Rs. 250 per year (plus taxes)

Debit Card - Renewal Fee Titanium Royale

Rs. 400 per year (plus taxes)

Debit Card - Renewal Fee Gold / Platinum

Rs. 500 per year (plus taxes)

Debit Card - Renewal Fee Women's Card

Rs. 100 per year (plus taxes)

Debit Card - Replacement


charges

Replacement of a damaged
card - No charges &
Replacement of a lost card Rs. 100 (plus taxes) (for all
card types)

Debit Card - Transaction


Charge - HDFC Bank ATMs

Free

Debit Card - Transaction


Charge - Non HDFC Bank
Domestic ATMs

A total of 5 free ATM financial


and non-financial transactions
per month
Additional transactions
Rs. 20/- (inclusive of taxes) per
transaction for ATM Cash
Withdrawals
Rs. 8.50/- (exclusive of taxes)
per transaction for ATM nonfinancial transactions

Debit Card - Transaction


Charge - Non HDFC Bank
International ATMs

Rs. 15 per balance enquiry &


Rs. 110 per cash withdrawal
(plus taxes)
The Bank will charge crosscurrency mark-up of 3.5% on
foreign currency transactions
carried out on Debit Cards. The
exchange rate used will be the
VISA/Master Card wholesale
exchange rate prevailing at the
time of transaction

PIN regeneration charge

Rs. 50 (plus taxes)

Decline charge for


insufficient balance

Transactions declined at other


Bank ATMs anywhere in the
world or at a Merchant outlet
outside India due to
insufficient funds will be
charged at Rs. 25 per
transaction (plus taxes)

Add-on Debit Card - Regular

Rs. 100 per year (plus taxes)

Add-on Debit Card - Gold


Card / Platinum

Rs. 500 per year (plus taxes)

Add-on Debit Card Women's Card

Rs. 100 per year (plus taxes)

Add-on Debit Card Titanium

Rs. 250 per year (plus taxes)

Add-on Debit Card Titanium Royale

Rs. 400 per year (plus taxes)

BillPay

Not offered

InstaPay

Rs. 10 (plus taxes) per


transaction

InstaAlert

Email - Free
SMS - Rs. 15/- per quarter

Visa Money Transfer

Rs. 5 (plus taxes) per


transaction

NEFT Charges - Inward

NIL

NEFT Charges- outward

NEFT Charges for Indo Nepal


transactions

RTGS - Outward

Amounts up to Rs. 10,000 Rs.2.5 (exclusive of taxes) per


transaction
Amounts from Rs.10,001 to
Rs.1 lakh - Rs. 5 (exclusive of
taxes) per transaction
Amounts above Rs. 1 lakh up
to Rs. 2 lakh - Rs. 15 (exclusive
of taxes) per transaction
Amounts above Rs.2 lakh
Rs.25 (exclusive of taxes) per
transaction
Customers having NSBL*A/c Rs 20/Customers having non-NSBL*
A/c:
Upto Rs 5,000 - Rs 70/Above Rs 5,000 - Rs 95/* Nepal State Bank Ltd

Above Rs. 2 Lakh to 5 Lakh Rs. 25 (inclusive of taxes) per


transaction
Above Rs 5 Lakh - Rs. 50
(inclusive of taxes) per

transaction
RTGS - Inward
IMPS (Immediate Payment
Service) - Outward
Charges effective 10th May14

NIL

Amount up to Rs. 10,000 Rs.3.5 (exclusive of taxes) per


transaction
Amount above Rs.10,000 to
Rs.1 lakh - Rs. 5 (exclusive of
taxes) per transaction
Amount above Rs. 1 lakh up to
Rs. 2 lakhs - Rs. 15 (exclusive
of taxes) per transaction

IMPS (Immediate Payment


Service) - Inward

NIL

Mobilebanking

Free

Netbanking

Free

ECS (Debit) Return Charges

- Rs 350/- in a quarter
- Rs 750/- would be levied,
second instance onwards in
the same quarter.

Any Deliverable returned by


courier due to negative
reasons (no such consignee/
consignee shifted and no
such address)

Rs 50/- per instance

TIN/IPIN Regeneration
(requests received at the
branch for physical
dispatch)

Rs 50/- per instance

SI rejects

Rs 200/- per instance

Cash Handling for cash


deposit at home branch

For non-managed customers


- Cash deposit value upto Rs 1
lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per
Rs 50,000 or part thereof.
Charge will be levied for the
full amount.

*at home branch for account holders (individuals)


Effective 1st April 2012, all fees and charges, mentioned in the Tariff of
charges, will attract Service Tax @12% and Education Cess @3% of the
Service Tax amount.

AXIS
Axis Bank Limited (formerly UTI Bank) is the third largest private sector bank
in India. It offers financial services to customer segments covering Large and
Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank has its
headquarters in Mumbai, Maharashtra.
Axis Bank began its operations in 1994, after the Government of
India allowed new private banks to be established. The Bank was promoted
in 1993 jointly by the Administrator of the Unit Trust of India (UTI-I), Life
Insurance Corporation of India (LIC), General Insurance Corporation Ltd.,
National Insurance Company Ltd., The New India Assurance Company, The
Oriental Insurance Corporation and United India Insurance Company. The Unit
Trust of India holds a special position in the Indian capital markets and has
promoted many leading financial institutions in the country.
Axis Bank (erstwhile UTI Bank) opened its registered office in Ahmedabad and
corporate office in Mumbai in December 1993. The first branch was
inaugurated on 02nd April 1994 in Ahmedabad by Dr. Manmohan Singh, the
then Finance Minister of India.
As on 31-Mar-2014, the Bank had a network of 2402 branches and extension
counters and 12922 ATMs.[5] Axis Bank has the largest ATM network among
private banks in India and it operates an ATM at one of the worlds highest
sites at Thegu, Sikkim at a height of 4,023 meters (13,200 ft) above sea level.
The Bank has seven international offices with branches at Singapore, Hong
Kong, Dubai (at the DIFC) and Colombo and representative offices
at Shanghai, Dubai and Abu Dhabi, which focus on corporate lending, trade
finance, syndication, investment banking and liability businesses. In addition

to the above, the Bank has a presence in UK with its wholly owned subsidiary
Axis Bank UK Limited.

We, at Axis Bank, believe in providing total financial solutions to the employer
as well as the employee, through the salary relationship. We understand that
each employee in an organization is at a different station of life having
different financial and banking needs.
Customized solutions
One solution may not fit all. Therefore, each employee in an organization is
offered a zero balance salary account and associated privileges
commensurate with her/his net monthly salary. Our Salary Account offering
has six variants, as follows:
Prive Salary - For employees with net monthly salary of Rs.5,00,000/- or
more
Wealth Salary - For employees with net monthly salary of Rs.2,00,000/- or
more
Priority Salary - For employees with net monthly salary of Rs.60,000/- or more
Prime Salary - For employees with net monthly salary of Rs.25,000/- or more
Easy Access Salary - For employees with net monthly salary of Rs.9,000/- or
more
Salary Plus - For employees with net monthly salary of Rs.9,000/- or more.
Currently being offered only to existing relationships
Smart Pay Card - For employees with net monthly salary less than Rs.9,000/Benefits for the employees
Convenience in banking:
Anywhere Banking at any of our over 1400 branches and a network of over
6800 ATMs spread across more than 900 centers
Multi-city at par cheque books
Electronic Fund Transfer facility across all banks in India
Internet Banking with secure fund transfer facility (with 2-factor
authentication) to self and third party accounts
24x7 convenience at no charges with Axis Mobile
Free SMS Banking with features such as alerts on debits / credits over
Rs.5,000/- balance enquiry, enquiry on last 3 transactions and status of
cheque clearance etc
Benefits on charges:
No penal charges related to minimum balance
Concessions on Pay Orders / Demand Drafts issued at Axis Bank locations
Debit and Pre-paid Cards:
International Debit Card with free Personal Accident cover
Debit card for spouse in case of joint account
Travel Currency Card providing great convenience to off-shore employees for
carrying local currency

Retail Lending:
Facility of Temporary Overdraft with the salary account
Preferential pricing on Retail Loans, as per eligibility criteria
Additional Banking Privileges:
Employee Reimbursement Account offered as a savings account variant with
interest payable quarterly
Benefits for the employer
Efficient disbursal of salary
Web Upload facility enabling your payroll department to upload salaries at its
own convenience
An Axis Bank official can be designated at your major locations for addressing
all queries and issues from HR department
An ATM can be specially installed at the work premises for added
convenience in cash withdrawals, subject to terms and conditions
Easy Access Salary Account
Easy Access Salary Account powers your payroll account with the benefits of
Easy Access Savings account without the balance requirements. Banking is
made easy with a host of benefits provided by this account.
Zero minimum opening deposit and zero average quarterly balance
requirements
4% rate of interest on daily balances, paid quarterly
Access to over 11,500 Axis Bank ATMs and 2300 branches free of cost
Internet and Mobile Banking access (on all mobile phones).
Unlimited free cash withdrawals on Axis Bank ATMs and up to 5 free
transactions per month on Other Bank ATMs
Benefits

High withdrawal limit of Rs.40,000 at ATMs and shopping


transactions limit of Rs.100,000 daily.
Free unlimited online NEFT transactions
Extras
One free multi-city at par cheque book per quarter
One free Pay Order / Demand Draft drawn at Axis Bank
locations per month
Free Quarterly statement in physical form and option of
free e-statements
Debit Card
Free Visa Classic Debit Card for primary/joint accountholder
Annual charges of Rs.150 waived, subject to total purchase transactions in
the year exceeding Rs.15,000
Avail of personal accident insurance cover of up to Rs.2 lakhs by swiping your
card once every 6 months*
Combined Lost Card Liability and Purchase protection liability of up to
Rs.40,000 to protect against fraudulent use of the debit card or damage/loss
of articles purchased using debit card*.

Cash Transaction Charges


The first 5 branch cash transactions (or Rs.10 Lakhs worth in value,
whichever is higher) in Metro & Urban locations and the first 10 cash
transactions (or Rs.10 Lakhs worth in value, whichever is higher) in Semi
Urban and Rural locations are free with this account. Beyond this, cash
transaction will be charged Rs.4 per Rs.1000 or Rs.100, whichever is higher.
Prime Salary Account
Add prime features to your payroll account and experience unparalleled
privileges with our Prime Salary Account.
Zero minimum opening deposit and zero average quarterly balance
requirements
4% rate of interest on daily balances, paid quarterly
Access to over 11,500 Axis Bank ATMs and 2300 branches free of cost
Internet and Mobile Banking access (on all mobile phones).
Unlimited free cash withdrawals on Axis Bank ATMs and up to 10 free
transactions per month on Other Bank ATMs
Benefits
High withdrawal limits of Rs.50,000 at ATMs and shopping transactions of
Rs.100,000 daily
Free unlimited online NEFT transactions
Extras
Two free multi-city at par cheque book per quarter
Two free Pay Orders / Demand Drafts drawn at Axis Bank locations per month
Free Quarterly statement in physical form and option of free monthly estatements
Debit Card
Free MasterCard Titanium Debit Card for primary/joint accountholder
o Avail of personal accident insurance cover of up to Rs.3 lakhs by
swiping your card once every 6 months*
o Combined Lost Card Liability and Purchase protection liability of up to
Rs.50,000 to protect against fraudulent use of the debit card or
damage/loss of articles purchased using debit card*
Free Titanium Rewards Card*
o Waiver of fuel surcharge
o Unlimited free other bank ATM transactions
o Higher daily shopping limit of Rs.4 lakhs
o Avail of personal accident insurance cover of up to Rs.5 lakhs by
swiping your card once every 6 months*
o Combined Lost Card Liability and Purchase protection liability of up to
Rs.2 lakhs to protect against fraudulent use of the debit card or
damage/loss of articles purchased using debit card*
Cash Transaction Charges
The first 5 branch cash transactions (or Rs.10 Lakhs worth in value,
whichever is higher) in Metro & Urban locations and the first 10 cash

transactions (or Rs.10 Lakhs worth in value, whichever is higher) in Semi


Urban and Rural locations are free with this account. Beyond this, cash
transaction will be charged Rs.4 per Rs.1000 or Rs.100, whichever is higher.
Priority Salary Account

Axis Priority Privileges


Exclusive premium service through Banking Privileges, Lifestyle privileges &
Investment privileges
Access to Premium Banking branches
Dedicated Relationship Manager for all banking needs
Convenience in banking
Bank at any of our over 1600 branches and a network of over 10000 ATMs
spread across more than 1000 centers
Unlimited free multi-city at par cheque books
Unlimited free Pay Orders / Demand Drafts drawn at Axis Bank locations per
quarter
No commission charged on collection of outstation cheques drawn on Axis
Bank locations
Electronic Fund Transfer facility across all banks in India
Internet Banking with secure fund transfer facility (with 2-factor
authentication) to self and third party accounts
24x7 convenience at no charges with Axis Mobile
SMS Banking* with features such as alerts on debits / credits over Rs.5,000/balance enquiry, enquiry on last 3 transactions and status of cheque
clearance etc
Free consolidated Quarterly statement in physical form and option of free
monthly e-statements
eDGE Loyalty Rewards Program
Presenting eDGE Loyalty Rewards our bank wide loyalty program where you
can earn points on your Savings Account transactions like
Registering for e-statement
Ordering a cheque book online or through an ATM
Registering and paying bills using internet banking and many more
Thats not all, you also earn points on spending with your Debit / Credit Card
as well.
Our program lets you indulge in 500 fabulous rewards spread across multiple
categories - 'Dream Rewards, Little Indulgences, Favourites, Amazing Deals,
Festive Specials, Whats new etc.
Debit Card
Free Visa Priority Platinum Debit Card for primary accountholder with annual
charges waived
Unlimited free cash withdrawals on all ATMs (Axis Bank ATMs and Other Bank
ATMs)
Enhanced limit of Rs.1,00,000 on cash withdrawals
Purchase transaction limit of Rs.4 lakhs in a day

Nil Fuel Surcharge


Lounge Access
Reward Points
Occasion based cash back offers
Protection for self, family and assets
Personal Accident Cover of up to Rs.5 lakh on Visa Priority Platinum Debit
Card, as per Bank's extant guidelines [With effect from 01.04.2013, to keep
the personal accident insurance cover activated, the Cardholder should have
made a purchase transaction in 180 days prior to the day of the incident. A
report would also have to be made to Axis Bank within 90 days of a personal
accident or 30 days of loss of card.]
Zero Lost Card Liability on Debit Card: As an Axis Bank Debit Card customer,
you will be insured for risk of loss due to fraudulent use of a lost or stolen or
missing debit card. All you need to do is communicate the loss of your card
by calling our 24-hour customer service number.
Purchase protection: All consumer durable goods purchased using the debit
card are insured against fire, natural calamity, burglary and housebreaking up
to 90 days from the date of purchase, eligible for a combined lost card
liability and purchase protection of up to Rs.1,50,000.
Life Insurance solutions in association with Max Life Insurance Co Ltd
Benefits for the family
Easy access to cash with Visa Priority Platinum Debit Card for joint
accountholder with no issuance charges. Annual charges of Rs.200 waived,
subject to total purchase transactions in the year exceeding Rs.50,000
One zero balance savings account can be opened for a family member
anywhere in the country
In case of exigency
Overdraft facility with extended limit of 2/3 times of the net salary (average
of 3 months) as per eligibility. This limit is capped at Rs.1,00,000 which is
available for tenure of 12 months
Preferential rates on Personal Loans, Auto Loans and Home Loans, as per
eligibility criteria.
Wealth salary account

Axis Wealth Privileges:


Exclusive premium service through Banking Privileges, Lifestyle privileges &
Investment privileges
Access to Premium Banking branches
Dedicated Wealth Manager for all banking needs
eDGE Loyalty Rewards Program
Presenting eDGE Loyalty Rewards our bank wide loyalty program where you
can earn points on your Savings Account transactions like
Registering for e-statement
Ordering a cheque book online or through an ATM
Registering and paying bills using internet banking and many more

Thats not all, you also earn points on spending with your Debit / Credit Card
as well.
Our program lets you indulge in 500 fabulous rewards spread across multiple
categories - 'Dream Rewards, Little Indulgences, Favourites, Amazing Deals,
Festive Specials, Whats new etc.
Convenience in banking:
Bank at any of our over 1600 branches and a network of over 10000 ATMs
spread across more than 1000 centers
Unlimited free multi-city at par cheque books
Unlimited free Pay Orders / Demand Drafts drawn at Axis Bank locations
No commission charged on collection of outstation cheques drawn on Axis
Bank locations
Electronic Fund Transfer facility across all banks in India
Internet Banking with secure fund transfer facility (with 2-factor
authentication) to self and third party accounts
24x7 convenience at no charges with Axis Mobile
SMS Banking* with features such as alerts on debits / credits over Rs.5,000/balance enquiry, enquiry on last 3 transactions and status of cheque
clearance etc
Free consolidated Quarterly statement in physical form and option of free
monthly e-statements
Debit Card:
Free MasterCard Premium Debit Card for primary accountholder with annual
charges waived
Unlimited free cash withdrawals on all ATMs (Axis Bank ATMs and Other Bank
ATMs)
Enhanced limit of Rs.2,00,000 on cash withdrawals
Purchase transaction limit of Rs.5,00,000 in a day
Nil Fuel Surcharge
Lounge Access
Reward Points
Occasion based cash back offers
Protection for self, family and assets:
Personal Accident Cover of up to Rs.10 lakh on MasterCard Premium Debit
Card, as per Banks extant guidelines [With effect from 01.04.2013, to keep
the personal accident insurance cover activated, the Cardholder should have
made a purchase transaction in 180 days prior to the day of the incident. A
report would also have to be made to Axis Bank within 90 days of a personal
accident or 30 days of loss of card.]
Zero Lost Card Liability on Debit Card: As an Axis Bank Debit Card customer,
you will be insured for risk of loss due to fraudulent use of a lost or stolen or
missing debit card. All you need to do is communicate the loss of your card
by calling our 24-hour customer service number.
Purchase protection: All consumer durable goods purchased using the debit
card are insured against fire, natural calamity, burglary and housebreaking up

to 90 days from the date of purchase, eligible for a combined lost card
liability and purchase protection of up to Rs.5,00,000.
Life Insurance solutions in association with Max Life Insurance Co Ltd
Benefits for the family:
Easy access to cash with MasterCard Premium Debit Card for joint
accountholder with no issuance and annual charges
One zero balance savings account can be opened for a family member
anywhere in the country
In case of exigency:
Overdraft facility with extended limit of 2/3 times of the net salary (average
of 3 months) as per eligibility. This limit is capped at Rs.1,00,000 which is
available for tenure of 12 months
Preferential rates on Personal Loans, Auto Loans and Home Loans, as per
eligibility criteria
What are the eligibility criteria for opening an Axis Bank Salary
Account?
Axis Bank offers its Salary Accounts to Corporate / Institutions with minimum
of 10 employees and average net monthly salary of an employee being at
least Rs.10,000.
What documents do I need to submit for opening an Axis Bank Salary
Account?
Introduction by the company for employee bonafides in the Bank's format
(Stamped and Signed by the authorized signatory)
Proof of Photo Identification
PAN Card
Passport
Election Card
Government / Defence services / Public Sector undertaking / Photo-identity
Card
Driving Licence
Proof of Address (Any one document)
Telephone / Mobile / Electricity Bill. Any connection to be at least 6 months
old preferably in the name of the account holder / spouse / family member.
Ration Card
Gas connection registration letter
Income tax / Wealth tax assessment order
Registered lease / leave and licence agreement with a utility bill in the name
of the landlord.
Joint Accounts
For joint accounts the above documents are required for both, the
applicant as well as the joint
applicant(s).

ICICI
ICICI Bank is an Indian multinational banking and financial
services company headquartered in Mumbai. It is the second largest bank in India
by assets and by market capitalization, as of 2014. It offers a wide range of banking

products and financial services to corporate and retail customers through a variety
of delivery channels and through its specialized subsidiaries in the areas
of investment
banking, life, non-life
insurance, venture
capital and
asset
management. The Bank has a network of 3,539 branches and 11,162 ATMs in India,
and has a presence in 19 countries.
ICICI Bank is one of the Big Four banks of India, along with State Bank of
India, Punjab National Bank and Bank of Baroda. The bank has subsidiaries in the
United Kingdom, Russia, and Canada; branches in United States, Singapore,
Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre; and
representative offices in United Arab Emirates, China, South Africa, Bangladesh,
Thailand, Malaysia and Indonesia. The company's UK subsidiary has also established
branches in Belgium and Germany.
Salary Privilege Account
Variants
Salary Titanium Account
Salary Gold Account

Salary Titanium Account

Salary Gold Account

Available to

All cities

All cities

Eligibility

*All salaried employees of


eligible companies based on
salary of an individual

*All salaried employees of


eligible companies based on
salary of an individual

Minimum
monthly
average
balance (MAB)

Zero

Zero

Not Applicable

Not applicable

Charges for
non-

maintenance of
Minimum MAB
Annual Fees

Not Applicable

Not Applicable

Cash
transactions at
base branch
(branches in
same city)

Unlimited

Unlimited

Outstation
cheque
collection through ICICI
bank branch
locations

Up to Rs. 5,000 - Rs. 25 per


instrument. Rs.5,001 to Rs.
10,000 Rs. 50 per
instrument. Rs. 10,001 to Rs.
1 lac Rs. 100 per
instrument. Above Rs. 1 lac Rs. 200 per instrument.

Up to Rs. 5,000 Rs. 25 per


instrument. Rs.5,001 to Rs.
10,000 Rs. 50 per
instrument. Rs. 10,001 to Rs.
1 lac Rs. 100 per instrument
Above Rs. 1 lac - Rs. 200 per
instrument

Outstation
cheque
collection
through non
ICICI bank
branch
locations

Up to Rs. 5,000 Rs. 25 per


instrument. Rs.5,001 to Rs.
10,000 Rs. 50 per
instrument. Rs. 10,001 to Rs.
1 lac Rs. 100 per
instrument Above Rs. 1 lac Rs. 200 per instrument

Up to Rs. 5,000 Rs. 25 per


instrument. Rs.5,001 to Rs.
10,000 Rs. 50 per
instrument. Rs. 10,001 to Rs.
1 lac Rs. 100 per instrument
Above Rs. 1 lac - Rs. 200 per
instrument

Waived off (Maximum


Anywhere Cash withdrawal limit Self:
Withdrawal
Rs.50,000 per day, Third
party: Rs.15,000 per day)

Waived off. (Maximum


withdrawal limit Self:
Rs.50,000 per day, Third
party: Rs.15,000 per day)

Waived off (Maximum


Waived off. (Maximum
Anywhere Cash
deposit limit Rs.50,000 per deposit limit Rs.50,000 per
Deposit
day)
day)
Issue of DD
drawn on ICICI
Bank by
cheque/transfer

Nil for D.D. up to Rs 500,000


per day above that Rs. 3 per
1000 or part thereof
maximum of Rs.15000

Nil for D.D. up to Rs.300,000


per day above that Rs. 3 per
1000 or part thereof
maximum of Rs.15000

Cheque Books

Free, payable-at-par

Free, payable-at-par

Charges for
Multicity
cheque
payment

Nil.

Nil.

NEFT

Free on Internet Banking, For


NEFT from branches - Inward
- NIL Outward - Upto
Rs.10,000 Rs. 2.50 per
transaction. Rs.10.001 to
Rs.1 lakh Rs. 5 per
transaction. Above Rs. 1 lakh
to Rs. 2 lakhs Rs. 15 per
transaction. Above Rs. 2
lakhs - Rs. 25 per
transaction.

Free on Internet Banking, For


NEFT from branches - Inward
- NIL Outward - Upto
Rs.10,000 Rs. 2.50 per
transaction. Rs.10.001 to Rs.1
lakh Rs. 5 per transaction.
Above Rs. 1 lakh to Rs. 2
lakhs Rs. 15 per
transaction. Above Rs. 2
lakhs - Rs. 25 per transaction.

Debit card

Free

Free

Free Monthly Statement

Free Quarterly Statement

Free monthly e-mail


statement on request

Free Monthly e-mail


statement on request

Free Monthly statement to


be collected from branch

Free Monthly statement to be


collected from branch

Statement

Transactions at
ICICI Bank
Free
ATMs

Free

ATM
Interchange
Free
(Non ICICI Bank
ATMs)

Nil for the first five


transactions (inclusive of
financial and non-financial
transactions) in the month.
Thereafter, Rs.20 (incl of STax
per cash withdrawal
(financial) and Rs.8.50 (excl
of STax) per balance inquiry,
pin change and mini
statement (non-financial)

Chargeable Transactions if minimum Monthly Average Balance (MAB) is


not maintained
Cash
Transactions at
Base Branch if
Not Applicable
minimum MAB
is not
maintained

Not Applicable

Re-order of
Cheque book if
minimum MAB
is not
maintained

Not Applicable

Not Applicable

Note :
1. The above mentioned schedule details, standard service charges and fees
applicable to Salary Accounts. The same may vary from standard schedule,
depending upon offering to companies / salary relationships.
2. Common service charges applicable to all savings account variants except for
Wealth Management / ICICI Bank Private Banking and the ones mentioned above.
3. Service tax @ 12.36 % (as per Govt rules) w.e.f. April 1, 2012 is applicable
over and above charges indicated above. The charges indicated above are subject
to periodic revision.

Kotak Mahindra
Kotak Mahindra Bank is an Indian bank and financial service firm established in
1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking
financial company.
In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was
given the licence to carry on banking business by the Reserve Bank of India (RBI).
Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to
convert to a bank. As of 2011 to October 2013, it has more than 500 branches, over
1,000 ATMs and a consolidated balance sheet of approx. US$ 2.9 billion.
The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.

The company was founded in 1985 by Uday Kotak. In 2004, the company converted
to a commercial bank when it received a license from the Reserve Bank of India,
becoming the first Indian finance company to do so.
In 2005, it made a significant investment when it bought stressed assets from a
number of banks, at full loan value of 1,000 crores.
In January 2011, the bank reported a 32% rise in net profit to 188 crores for the
quarter ended December 2010 against 142 crores the corresponding quarter last
year.Kotak Mahindra bank also reached the top 100 most trusted brands of India
in The Brand Trust Report published by Trust Research Advisory in 2011.
Corporate salary account
Variants
1. Ace salary account
2. Edge salary account
Ace Salary Account
An account that packs a range of premium solutions designed to meet the
requirements of professionals looking for wealth benefits within salary
account.
Features
1. Free Zero Balance Account (subject to salary credits) earns 6% interest per
annum on your savings balances over Rs. 1 lac and 5.5% interest per annum
on your balances up to 1 lac1
2. ActivMoney: Earn higher interest on funds lying idle in your savings account
with auto Sweep-In / Sweep-Out facility
3. Free Electronic Fund Transfer
4. Unlimited value demand draft at home location and delivered to registered
communication address
5. Unlimited VISA ATM Transactions at all ATM's in India
6. Platinum Debit Card with Rs. 2 lakhs cash withdrawal / shopping limit per day
7. 2.5% Fuel Surcharge Waiver at any petrol pump 1
8. Lost Card Liability Insurance of Rs. 2 lakhs
9. Lost Baggage Insurance of Rs. 1 lac
10.Personal / Home Loans at preferred rates with reduced processing fee
11.Up to 100% car finance with preferred rates offered by Kotak Mahindra Prime
Limited, a Kotak Group Company2
12.PVR Kotak Credit Card Get Two PVR ticket on spends of Rs. 7500/- per
month. Choose of suite of Credit Cards as per your requirements.
13.Free Investment Account1 Redeem or purchase from over 2200 Mutual
Funds online
14.Online 3-in-1 trading cum Demat account with account opening charges and
1st year annual maintenance charges waived

15.Preferred brokerage rates at 30 Paise delivery buy or sell 1


16.Fixed Deposits at attractive rates
17.Free unlimited payable at par cheque book
18.Free cash withdrawal other than home location branches
19.Free office and home banking1
20.Air Accident Insurance of Rs. 20 lac
21.Purchase Protection of Rs. 1,00,000/22.Free Net banking, Mobile banking, SMS and Phone banking
23.Utility bill payment services through Auto Pay
24.Netc@rd
25.Interbank Mobile Payment Services
26.Online Term Deposit
27.Visa money transfer
28.Payment Gateway
29.24x7 dedicated customer care
30.Kotak World Travel Card
31.Best Compliments Card
Eligibility
This product is offered to employees drawing net take home salary
of Rs. 20,000/- and above. Please check if your corporate is empaneled with
the bank for Salary2Wealth Program
Features and Charges for Salary2Wealth Accounts

Particulars

Standard Charges (Rs.)

Salary Accounts
CS Ace

Average Monthly
Balance (AMB)

NA

50000

REMITTANCE
DD at Branch Location /
Pay Order

2.5 per 1000 (Min 50


Max 10000)

Free

DD at other than Branch


Location

2.5 per 1000 (Min 50


Max 10000)

Free upto 100k


per day

DD/Pay Order by Cash


Payment (Applicable for
customers not having a
Savings Account)

2.5 per 1000 (Min 50


Max 10000)

NA

FCY DD ~

500

FCY TT - Corr. Bank


Charges borne by
beneficiary ~

250

FCY TT - Corr. Bank


Charges not borne by
beneficiary ~

1000

Fund Transfer

Free

Free

NEFT (Per Transaction)


**

Upto
10,000:2.50;10001100000:5; 100001 to
200000:15;> 200000 :
25

Free

RTGS (Per Transaction)

200001 to 500000: 25;


> 500000: 50

Free

Local Clearing Cheque

Free

Free

Outstation Cheque
Collection Charges
-Branch Location (Per
Instrument)

Cheques drawn on NonSpeed Clearing


Branches :
Instrument value upto.
500 - Free;
>500 to 5,000 20;
>5,000 to10,000 35;
>10,000 to 1,00,000
-85;
>1,00,000 Free
Cheques drawn on
Speed Clearing
Branches (Irrespective
of any value ) : Free

Free

Outstation Cheque
Collection Charges
-Other than Branch

Cheques drawn on NonSpeed Clearing


Branches :

Free

COLLECTION

Location (Per
Instrument)

Instrument value upto.


500 - Free;
>500 to 5,000 20;
>5,000 to10,000 35;
>10,000 to 1,00,000
-85;
>1,00,000 Free
Cheques drawn on
Speed Clearing
Branches (Irrespective
of any value ) : Free

TC Encashment ~

0.3% of TC Amount (Min


50)

Free

FCY Cheque Collection


~

500

CASH TRANSACTION RELATED CHARGES


Cash Deposit at Home /
Non Home branches

2.5 per 1000 (Min 100)

Free upto 10 txn


per month Or Rs.
15 lac / per month

Cash Withdrawal at
Home branch

Free

Free

Cash Withdrawal at Non


Home branch

2.5 per 1000 (Min Rs.


100)

Free

At-par Cheque Book


Charges*#

Rs. 1.5 per cheque leaf

Free

ECS Return / Cheque


Issued & Returned
(Financial Reason) <>

350 per cheque for first


return in a month
thereafter 750 per
cheque for cheque
returned
in the same month

CHEQUE RELATED
CHARGES

Cheque Issued &


Returned (Technical
Reason) <>

Free

Free

Cheque Deposited &


Returned (INR) <>

100

Cheque Deposited &


Returned (FCY) <>

1000

Classic Debit Card Issuance Charge

100

Gold Debit Card Issuance Charge^^

500

Platinum Debit Card Issuance Charge^^

750

Classic Debit Card


Primary

150

Classic Debit Card Add-On

250

Gold Debit Card


Primary

500

Gold Debit Card - AddOn

500

Platinum Debit Card


Primary

750

Platinum Debit Card Add-On

750

DEBIT CARD ISSUANCE CHARGE

DEBIT CARD ANNUAL CHARGE

ATM TRANSACTION CHARGES

Cash Withdrawal at own


ATM

Free

Free

Cash
Withdrawal/Balance
Enquiry at other
Domestic ATM##

Cash Withdrawal
-17.80 / txn.

5 txn free per


month, thereafter
Std. charge

Balance Enquiry - 8.50 /


txn.
Cash Withdrawal at
International ATM +

150

Balance Enquiry at
International ATM +

25

Visa Global Assist


Enquiry Charges

USD 5

Visa Global Assist


Charges for lost Card

USD 35

Transactions declined at
other bank ATMs due to
insufficient balance <>

25 per transaction

Cash Pick-up / Delivery

175/Txn

Free upto 10 calls /


month

Instrument Pick-up /
Delivery

75/Txn

Free upto 10 calls /


month

Standing Instruction Set-up

100

Free

Standing Instruction Amendment

25

Free

HOME BANKING CHARGES

STANDING INSTRUCTION

Standing Instruction Execution

Free

Free

Standing Instruction Failure

25

Free

CERTIFICATE & REPORT ISSUANCE CHARGES


Current Year Balance
and Interest Statement

Free

Free

Previous Year Balance


and Interest Statement

100

Signature Verification
Certificate

25

Photo Attestation

50

Address Confirmation

50

Foreign Inward
Remittance Certificate

100

Duplicate TDS
Certificate

100

ACCOUNT STATEMENT & PASSBOOK


Physical Account
Statement (Quarterly)

Free

Free

Monthly E-mail Account


Statement

Free

Free

Account Statement
Weekly (Physical)

100 Per Month

Account Statement
Daily (Physical)

500 Per Month

Annual Combined
Statement (Physical)

Through Net Banking :


Free,
Through Branch : 85;
Through Phone
Banking : 110.

Duplicate /Ad-hoc
Statement Branch
Banking (90 days)

Through Branch: 100;


Through Net/ATM: 50

Free

Pass Book (In Lieu of


Account Statement)

Free

Free

Duplicate Passbook

250

Free

Non Maintenance
Charge (Monthy) <>

NA

Incase Salary
upload not sighted
for 2 consecutie
months and if AMB
> 50% but less
than required AMB:
500; AMB less than
50%: 750

Non Maintenance
Charge (Monthy) for
Accounts opened under
Special Promo CodesSilk, WOMAN
CB,WOMAN MT <>

NA

Irrespective of
salary credit, if
AMB > 50% but
less than required
AMB: 500; AMB
less than 50%: 750

If salary is not sighted


for 2 months and If AMB
Maintained is less than
or equal to 75% of
stipulated requirement
<>

Standard charge
applicable (irrespective
of free limit for each
product) for Cheque
leaf, DD/BC, Decline in
ATM/POS transaction
due to insufficient
balance,
and Home Banking.
Additional charges

OTHER CHARGES

Phone Banking @ 50 per


call, Classic/ Gold Debit
Card
@ 25 pm, Platinum
Debit Card @ RS 50/ pm
and Cash Deposit@ 4
per 1000.
DD / PO / BC
Revalidation /
Cancellation - INR

100

DD / PO / BC
Revalidation /
Cancellation - FCY ~

500

Regeneration Of PIN
(ATM / Phone / Net)

50 (sent through
courier)

Free

Replacement of a
damaged Debit Card
(for all card types)

Free

Free

Replacement of a lost
Debit Card (for all card
types)

200

Account Closure (if


closed after 1 month
and before 6 months of
A/C opening)

NA

1200

Daily Balance and


Transaction & Value
added alerts

Rs.30/Qtr Email-Free

Stop Payment - Single /


Range of Cheques

100; Free Over Net


Banking

Free

Weekly Balance,
Transaction & Value
added alerts

SMS - 15 per qtr EmailFree

Free

Tax Collection Charge


through Internet
Banking

Free

Free

Tax Collection Charge at


Branch

100

Free

TOD Charges

500

Cheque Purchase
Charges

0.5/1000 (Min 50 Max


10000)

Record Retrieval
Charges

100 per request

Free

Inoperative A/c for more


than 1 year <>

Rs. 25 per qtr

Activation of Inoperative
Account

Free

Value of purchase or
sale of Foreign
Currency

Service Tax Amount

Up to Rs 1,00,000

0.12% of the gross


value or INR 30/whichever is higher

Above Rs 1,00,000 to Rs
10,00,000

INR 120 plus 0.06% of


the amount exceeding
INR 1 Lakh

Above Rs 10,00,000

INR 660 plus 0.012% of


the amount exceeding
INR 10 Lakhs, subject to
a maximum of INR
6000.

In addition to the above service tax, 2% Secondary education cess and 1% Higher
Secondary education cess would also be applicable.

Benefits for the corporate

As an organisation you can opt for Kotak Salary2Wealth Program to enable easy
disbursement of salaries and ensure that your employees get the best offerings.
With Kotak Salary2Wealth Program, your employees will enjoy a comprehensive
product suite to cater to the financial needs of the salaried individual.
Kotak Salary2Wealth program benefits you in more than one way:
o

Multiple options for Salary Credit


o

Corporate Internet Banking | Web based module NET IT | Branch


Network

Reimbursement Account opening along with Salary Accounts using Insta Kits

Single point of contact across Kotak Consumer Bank offerings which include:
o

New Pension Scheme

Car Lease Program

ESOP Funding

Corporate Credit Cards

Corporate Funding

NR Accounts

Knowledge Series Workshops

FINMALL's @ Corporate Premises One stop shop for financial solutions for
your employees

PARICHAY @ Corporate Premises Service level initiatives for your


employees.
Edge salary account
Kotak Edge Salary Account provides multiple privileges and benefits
to meet the financial needs of a salaried professional.

1. Classic Debit Card Unlimited ATM transactions at Kotak ATM's and 5 VISA
ATM Transactions monthly at non-Kotak ATM's in India

2. Free Zero Balance Account (subject to salary credits)


3. Earn 6% interest per annum on your savings balances over Rs. 1 lac and
5.5% interest per annum on your balances up to Rs. 1 lac1
4. ActivMoney Enjoy liquidity of a Savings Account with the attractive returns
of a Term Deposit auto Sweep in / auto Sweep-Out facility at minimal
threshold of Rs. 20,000/- in Savings Account
5. Fixed Deposits at attractive rates
6. Payable at par cheque book
7. Free demand drafts up to Rs. 25,000/- a day at home location
8. Electronic Fund Transfer
9. Free cash withdrawal other than home location
10.Cash withdrawal should be 25000 and shopping limit should be 100000/11.Lost Card Liability Insurance of Rs. 1,00,000/12.Purchase Protection of Rs. 50,000/13.Home / Personal / Auto Loans at preferred rates2. Auto Loans offered by Kotak
Mahindra Prime Limited, a Kotak Group Company
14.PVR Kotak Credit Card Get two PVR ticket on spends of Rs. 7500/- per
month. Choose of suite of Credit Cards as per your requirements
15.Free Investment Account1 - Redeem or purchase from over 2200 Mutual Funds
online
16.Online 3-in-1 trading cum Demat account available
17.Office and home banking1
18.Free Net banking, Mobile banking, SMS and Phone banking
19.Utility bill payment services through Auto Pay
20.Netc@rd
21.Interbank Mobile Payment Services
22.Online Term Deposit
23.Visa money transfer
24.Payment Gateway

25.24x7 dedicated customer care


26.Kotak World Travel Card
27.Best Compliments Card
Eligibility
This product is offered to employees drawing net take home salary
of Rs. 20,000/- and above. Please check if your corporate is empaneled with
us for Salary2Wealth Program.

with effect from Feb 01, 2014


Particulars

Standard Charges
(Rs.)

Salary Accounts

CS Edge
Average Monthly
Balance (AMB)

NA

10000

DD at Branch Location /
Pay Order

2.5 per 1000 (Min 50


Max 10000)

DD at other than Branch


Location

2.5 per 1000 (Min 50


Max 10000)

DD/Pay Order by Cash


Payment (Applicable for
customers not having a
Savings Account)

2.5 per 1000 (Min 50


Max 10000)

NA

FCY DD ~

500

FCY TT - Corr. Bank


Charges borne by
beneficiary ~

250

FCY TT - Corr. Bank

1000

REMITTANCE

Charges not borne by


beneficiary ~
Fund Transfer

Free

Free

NEFT (Per Transaction)


**

Upto
10,000:2.50;10001100000:5; 100001 to
200000:15;> 200000 :
25

RTGS (Per Transaction)

200001 to 500000: 25;


> 500000: 50

Local Clearing Cheque

Free

Free

Outstation Cheque
Collection Charges
-Branch Location (Per
Instrument)

Cheques drawn on NonSpeed Clearing


Branches :
Instrument value upto.
500 - Free;
>500 to 5,000 20;
>5,000 to10,000 35;
>10,000 to 1,00,000
-85;
>1,00,000 Free
Cheques drawn on
Speed Clearing
Branches (Irrespective
of any value ) : Free

Outstation Cheque
Collection Charges
-Other than Branch
Location (Per
Instrument)

Cheques drawn on NonSpeed Clearing


Branches :
Instrument value upto.
500 - Free;
>500 to 5,000 20;
>5,000 to10,000 35;
>10,000 to 1,00,000
-85;
>1,00,000 Free

COLLECTION

Cheques drawn on
Speed Clearing
Branches (Irrespective
of any value ) : Free
TC Encashment ~

0.3% of TC Amount (Min


50)

FCY Cheque Collection ~

500

CASH TRANSACTION RELATED CHARGES


Cash Deposit at Home /
Non Home branches

2.5 per 1000 (Min 100)

Free upto 5 txn


per month
Or Rs. 7.5 lac / per
month

Cash Withdrawal at
Home branch

Free

Free

Cash Withdrawal at Non


Home branch

2.5 per 1000


(Min Rs. 100)

Free upto 50k per


month

At-par Cheque Book


Charges*#

Rs. 1.5 per cheque leaf

Free upto 25 leaf


per quarter

ECS Return / Cheque


Issued & Returned
(Financial Reason) <>

350 per cheque for first


return in a month
thereafter 750 per
cheque for cheque
returned
in the same month

Cheque Issued &


Returned (Technical
Reason) <>

Free

Free

Cheque Deposited &


Returned (INR) <>

100

CHEQUE RELATED
CHARGES

Cheque Deposited &


Returned (FCY) <>

1000

DEBIT CARD ISSUANCE CHARGE


Classic Debit Card Issuance Charge

100

Gold Debit Card Issuance Charge^^

500

Platinum Debit Card Issuance Charge^^

750

Classic Debit Card


Primary

150

Classic Debit Card - AddOn

250

Gold Debit Card


Primary

500

Gold Debit Card - AddOn

500

Platinum Debit Card


Primary

750

Platinum Debit Card Add-On

750

Cash Withdrawal at own


ATM

Free

Free

Cash
Withdrawal/Balance
Enquiry at other

Cash Withdrawal
-17.80 / txn.

5 txn free per


month, thereafter

DEBIT CARD ANNUAL CHARGE

ATM TRANSACTION CHARGES

Domestic ATM##

Std. charge
Balance Enquiry - 8.50 /
txn.

Cash Withdrawal at
International ATM +

150

Balance Enquiry at
International ATM +

25

Visa Global Assist


Enquiry Charges

USD 5

Visa Global Assist


Charges for lost Card

USD 35

Transactions declined at
other bank ATMs due to
insufficient balance <>

25 per transaction

Cash Pick-up / Delivery

175/Txn

Instrument Pick-up /
Delivery

75/Txn

Standing Instruction Set-up

100

Standing Instruction Amendment

25

Standing Instruction Execution

Free

Free

Standing Instruction Failure

25

HOME BANKING CHARGES

STANDING INSTRUCTION

CERTIFICATE & REPORT ISSUANCE CHARGES


Current Year Balance
and Interest Statement

Free

Free

Previous Year Balance


and Interest Statement

100

Signature Verification
Certificate

25

Photo Attestation

50

Address Confirmation

50

Foreign Inward
Remittance Certificate

100

Duplicate TDS
Certificate

100

ACCOUNT STATEMENT & PASSBOOK


Physical Account
Statement (Quarterly)

Free

Free

Monthly E-mail Account


Statement

Free

Free

Account Statement
Weekly (Physical)

100 Per Month

Account Statement Daily


(Physical)

500 Per Month

Annual Combined
Statement (Physical)

Through Net Banking :


Free,
Through Branch : 85;
Through Phone
Banking : 110.

Duplicate /Ad-hoc

Through Branch: 100;

Statement Branch
Banking (90 days)

Through Net/ATM: 50

Pass Book (In Lieu of


Account Statement)

Free

Free

Duplicate Passbook

250

Non Maintenance
Charge (Monthy) <>

NA

Incase Salary
upload not sighted
for 2 consecutie
months and if AMB
> 50% but less
than required AMB:
350; AMB less than
50%: 500

Non Maintenance
Charge (Monthy) for
Accounts opened under
Special Promo CodesSilk, WOMAN
CB,WOMAN MT <>

NA

Irrespective of
salary credit, if
AMB > 50% but
less than required
AMB: 350; AMB
less than 50%: 500

If salary is not sighted


for 2 months and If AMB
Maintained is less than
or equal to 75% of
stipulated requirement
<>

Standard charge
applicable (irrespective
of free limit for each
product) for Cheque
leaf, DD/BC, Decline in
ATM/POS transaction
due to insufficient
balance,
and Home Banking.
Additional charges
Phone Banking @ 50 per
call, Classic/ Gold Debit
Card
@ 25 pm, Platinum
Debit Card @ Rs. 50/
pm and Cash Deposit@

OTHER CHARGES

4 per 1000.
DD / PO / BC
Revalidation /
Cancellation - INR

100

DD / PO / BC
Revalidation /
Cancellation - FCY ~

500

Regeneration Of PIN
(ATM / Phone / Net)

50 (sent through
courier)

Replacement of a
damaged Debit Card (for
all card types)

Free

Free

Replacement of a lost
Debit Card (for all card
types)

200

Account Closure (if


closed after 1 month
and before 6 months of
A/C opening)

NA

600

Daily Balance and


Transaction & Value
added alerts

Rs. 30/Qtr Email-Free

Stop Payment - Single /


Range of Cheques

100; Free Over Net


Banking

Weekly Balance,
Transaction & Value
added alerts

SMS - 15 per qtr EmailFree

Tax Collection Charge


through Internet
Banking

Free

Free

Tax Collection Charge at

100

Branch
TOD Charges

500

Cheque Purchase
Charges

0.5/1000 (Min 50 Max


10000)

Record Retrieval
Charges

100 per request

Inoperative A/c for more


than 1 year <>

Rs. 25 per qtr

Activation of Inoperative
Account

Free

Value of purchase or
sale of Foreign Currency

Service Tax Amount

Up to Rs. 1,00,000

0.12% of the gross


value or INR 30/whichever is higher

Above Rs. 1,00,000


to Rs. 10,00,000

INR 120 plus 0.06% of


the amount exceeding
INR 1 Lakh

Above Rs. 10,00,000

INR 660 plus 0.012% of


the amount exceeding
INR 10 Lakhs, subject to
a maximum of INR
6000.

In addition to the above service tax, 2% Secondary education cess and 1% Higher
Secondary education cess would also be applicable.

Benefits for the corporate


As an organization you can opt for Kotak Salary2Wealth Program to enable
easy disbursement of salaries and ensure that your employees get the best
offerings.

With Kotak Salary2Wealth Program, your employees will enjoy a


comprehensive product suite to cater to the financial needs of the salaried
individual.
Kotak Salary2Wealth program benefits you in more than one way:
o

Multiple options for Salary Credit


o

Corporate Internet Banking | Web based module NET IT | Branch


Network

Reimbursement Account opening along with Salary Accounts using Insta Kits

Single point of contact across Kotak Consumer Bank offerings which include:
o

New Pension Scheme

Car Lease Program

ESOP Funding

Corporate Credit Cards

Corporate Funding

NR Accounts

Knowledge Series Workshops

FINMALL's @ Corporate Premises One stop shop for financial solutions for
your employees

PARICHAY @ Corporate Premises Service level initiatives for your employees