Type

NRE SB/NRO SB

1.

Eligibility

All NRI Customers are eligible

2.

Minimum SB Balance Requirement

Minimum Quarterly Average Balance (QAB) of Rs.2.00 lakhs.

or

Minimum Total Term Deposit Balance Requirement

Total Term Deposit (NRE/NRO/FCNR) is equivalent to Rs. 20 Lakh (based on CIF)

3.

Relationship Manager

Available, Branch Manager, Specialized NRI Help Desk, RO & CO"

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) + 6 bps

>USD10,000 to USD 50,000

Card Rate (TT BR) + 12 bps

>USD 50,000

Card Rate (TT BR) + 15 bps

5.

Inward remittance charges

NIL

6.

Concession on Outward Remittance charges

50% on Outward Remittance charges

(SWIFT Charges - No concession)

7.

Personal Accident Insurance Coverage during their visit in India (With account)

Rs 30 lakhs

8.

Air Accident Insurance

(within PAI)

Rs 30 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- 50 % waiver

22.

Locker rent Concession after one-year completion of SB account

50%

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

100%

25.

Sweep facility (weekly once with maximum amount of Rs 1.50 Cr per week)

NRE- Auto transfer of funds exceeding Rs 3,00,000/- to Flexi Fixed deposit with multiple of Rs 1,00,000/- for 12 months.

(No interest to be paid if closed before 12 months, no additional interest for Senior citizen/ex staff members.)

NRO- Auto transfer of funds exceeding Rs 3,00,000/- to Flexi Fixed deposit with multiple of Rs. 1,00,000/- for maximum period of 179 days.

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. 500 + GST

Rs. 50,000/- to 99,999/- Rs. 200 + GST

Rs. 1,00,000/- to 1,99,999/ -Rs. 100 + GST

NIL- If Deposit of Rs. 20 lakh is maintained

33.

Internet Banking & Mobile Banking

Available with free of charge