| Sr. No. |
Scheme Name |
NRI Privilege |
|
Type
|
NRE SB/NRO SB
|
|
1
|
Eligibility
|
All NRI Customers are eligible
|
|
2.
|
Minimum SB Balance Requirement
|
Minimum Quarterly Average Balance (QAB) of Rs.1.00 lakhs
|
| |
or
|
|
Minimum Total Term Deposit Balance Requirement
|
Total Term Deposit (NRE/NRO/FCNR) is equivalent to Rs. 10 Lakh (based on CIF)
|
|
3.
|
Relationship Manager
|
NA
|
|
4.
|
Preferential exchange margin on Inward Remittance in USD equivalent FCY.
|
Preferential conversion rate for all inward remittances based on the below slab
|
|
> USD 5000 to USD10 000
|
Card Rate (TT BR) + 5 bps
|
|
>USD10,000 to USD 50,000
|
Card Rate (TT BR) + 10 bps
|
|
>USD 50,000
|
Card Rate (TT BR) + 12 bps
|
|
5.
|
Inward remittance charges
|
NIL
|
|
6.
|
Concession on Outward Remittance charges
|
25% on Outward Remittance charges
(SWIFT Charges - No concession)
|
|
7.
|
Personal Accident Insurance Coverage during their visit in India (With account)
|
Rs 20 lakhs
|
|
8.
|
Air Accident Insurance
(within PAI)
|
Rs 20 lakhs
|
|
9.
|
Personal Accident Insurance Coverage (in the Rupay debit card) subject to the terms and conditions of NPCI
|
Rs. 10 lakh on Rupay Select
|
|
10.
|
NEFT / RTGS/IMPS
|
NIL transaction charges
|
|
11.
|
SMS/E-mail alert
|
NIL charges
|
|
12.
|
One Prepaid domestic Card to family member
|
one prepaid domestic card to family member where card issuance charges is free only. card limit, loading etc as per the prepaid card guidelines of the bank and RBI
|
|
13.
|
Debit card variant
|
VISA Signature/Rupay Select (or lower variants if customer opts)
|
|
14.
|
Lounge Access
|
As per card variant. Lounge access to domestic/international airports and railway stations shall be provided as per the offers given by the card aggregator service providers, i.e., M/s NPCI, M/s VISA etc., in accordance with their terms and conditions. Branches are requested to educate the customer to refer the website of the respective card provider (VISA/RuPay) for the updated details from time to time
|
|
15.
|
Debit issuance Card charges
|
NIL
|
|
16.
|
Debit Card AMC
|
NIL (Subject to maintenance of QAB for last quarter or required Deposit as per the scheme is available)
|
|
17.
|
ATM Cash Withdrawal
|
VISA Signature-Rs. 1,00,000/ Rupay Select-Rs. 50,000/-
|
|
18.
|
POS limit per day
|
VISA Signature-Rs. 3,50,000/ Rupay Select - Rs. 5,00,000/-
|
|
19.
|
E-Com Limit
|
VISA Signature - Rs. 3,50,000/- Rupay Select - Rs. 3,50,000/
|
|
20.
|
Number of ATM transactions free per month
|
IOB ATM- Free
Other bank ATM in India - 10 transactions per month
|
|
21.
|
Credit Card subject to eligibility
|
Issue charges- NIL
AMC- As per applicable charges
|
|
22.
|
Locker rent Concession after one-year completion of SB account
|
25%
|
|
23.
|
Concession in Processing charge on Housing loan after one-year completion of SB account
|
100%
|
|
24.
|
Concession in Processing charge on Vehicle loan after one-year completion of SB account
|
50%
|
|
25.
|
Sweep facility (weekly once with maximum amount of Rs 1.50 Cr per week)
|
NIL
|
|
26.
|
Certificate charges
|
NIL charges for
• Balance certificate
• Interest certificate
|
|
27.
|
Demat Account
|
Nil opening charges and AMC
|
|
28.
|
Foreign Cheque collection
|
No charges for cheque collection
|
|
29.
|
Foreign Cheque return charges
|
NIL
|
|
30.
|
Cheque book Issuance charges
|
Free- multiple of 20 leaves. One cheque book of 20 leaves at a time.
|
|
31.
|
DD issuance charges
|
NIL
|
|
32.
|
Non maintenance of QAB charges
|
Up to Rs. 49,999/- Rs. 350 + GST
Rs. 50,000/- to 74,999/- Rs. 200 + GST
Rs. 75,000/- to 99,999/- Rs. 100 + GST
NIL- If Deposit of Rs. 10 lakh is maintained
|
|
33.
|
Internet Banking & Mobile Banking
|
Available with free of charge
|