IDBI Bank Elite Plus Business Account

Elite Plus Business Account

Schedule of Facilities (Effective from Sep 18, 2023; all charges are exclusive of GST)

Product Facilities based on Monthly Average Balance (MAB)

Variant Previous Month Average Balance (MAB) / Minimum MAB: ₹2,00,000/-
Account Opening Amount (AoA) (Free Transactions Per Month)
Cash Deposit Limit DD/ PO Cheque NEFT and RTGS Cheq deposited &
issuance Book returned
(Leaves) (financial reason)
Category From Up to
MAB Slab Bronze 2,00,000 < 2,99,999 12 times of MAB Free 100
Branch Channel- Free first 5
Free instances
Silver 3,00,000 <4,99,999 15 times of MAB Free Free Digital Channel-Free Free first 7
instances
Gold 5,00,000 <9,99,999 17 times of MAB Free Free Free first 10
instances
Platinum 10,00,000 & above 20 times of MAB Free Free Free first 10
instances
Facilities on non-maintenance of 5 times of MAB 0 0 Branch Channel- 0 0
MAB of ₹2,00,000/- Digital Channel-Free
(Digital Channel includes transactions executed through Mobile/ Net Banking)

Free Services
1) BNA Convenience Fee 11) Certificates: Balance Confirmation/ Photo/Sign. Verification/ Banker’s
report/ Interest Certificate
2) Issuance of Duplicate Confirmation of Deposit 12) Change of authorized signatory
3) DD/PO Cancellation 13) Facility of Sweep/Linking of accounts/ Sweep Out Trigger facility
charges
4) Cheque Stop Payment instructions (Branch, Net & Mobile 14) TAX Payment Challan retrieval beyond 2 years for Net Banking Users
Banking)
5) Addition / deletion of names / Nominations / Change in 15) INET Banking Password (Through Branch Channel)
operational instructions:
6) IMPS through Net Banking, Mobile and Branch Channel 16) Fund Transfer – Cheque/ account to account transfer at Non- Home
Branch
7) Cash Withdrawal at Home Branch & Non Home Branch 17) Copy of original of cheque/draft (paid by the bank)
8) Old Record (Subject to availability) 18) Free SMS upto 150 per quarter
9) Charges For Recording Reconstitution of Account 19) Statement through email
10) Allowing operations through power of attorney/mandate 20) Physical Statement from branch (1 statement per Month)

Value Added Business Support Services*

Free onboarding with IDBI (i) Nil charges for services/ facilities utilized in the account opening month. Thereafter, services are
Bank & auto upgradation of A/c available as per previous month average balance.
facility (ii) Auto-upgrade/downgrade of account to the next slab is applicable without charges and services
are available as per previous month average balances.
Add-on Account Four Add on Super Saving Account with Free MAB. (Zero balance 'Super Savings Account' with the label
code "CPSAZB", for self/ family member under RSZFA scheme code is available).
Grouping of Accounts Facility to club business CA and SBA of self or family members together at a pre-defined group balance is
available. This facility is applicable in Primary Current A/c of Sole Proprietorship and Individuals only.
Protection against Insufficient Customer can pool the balances maintained in applicable eligible accounts/ Fixed deposits maintained with
balance the IDBI Bank to protect cheque/ECS/SI/NACH/other payment options against bouncing/ return due to
insufficient balance. This facility is applicable in Primary Current A/c of Sole Proprietorship and
Individuals only.
Deals and Delight Loyalty points on Debit Card as well as on Digital transactions/ GST payment.
Fund Management Solution Eligible for Auto Sweep in/out Fixed Deposit facility where the balance is above defined threshold limit.
Cash Management services • Virtual AC for eCollection • Payment collection through Quick I Pay
• Bulk Payments- NEFT/RTGS/IMPS/UPI (through I Cash Web) •BBPS • eNACH/ Fastag
Digital adoption Facility for • eSwipe / Digital BHIM QR/ • POS / • Payment Gateway / • eStatement etc
Capital Market Services • Demat A/c, Bonds, Sovereign Gold Bonds, Capital Gain Bonds, NPS, MF, Insurance products etc
available
Lending solutions Concession in processing fee for HL/LAP/ AL/ML/CCOD
*T & C: Customer can avail facility of value added business support services subject to fulfilment of eligibility criteria and submission of required
documents.
 IDBI Bank Elite Plus Business Account

Penal charges per month for non-maintenance of MAB

MAB charges applicable If MAB is Penal charges per month for non-maintenance of MAB
below 2,00,000 Rs.1500/-
Standard Charges
(Standard charges is applicable in case of Beyond Free Limit and or non maintenance of MAB)
Cash Deposit Upto Rs. 3 lacs – Rs. 4/1000 > Rs. 3 lacs - Rs. 5/1000 Cheque (Leaves) Rs 5/ Leaf
DD/PO ₹ 1.10/ 1000/- Min ₹ 53/- to max no limit
Slab Branch Channel Slab Branch Channel
NEFT RTGS
Up to Rs.10000 Rs. 2.00/- Rs.2 lac to Rs.5 lac Rs.24.50/-
(Charges per (Charges per
Abv Rs.10,001 to Rs.1 lac Rs.5.00/- Above Rs.5 lac Rs.49.50/-
Transaction) Transaction)
Abv Rs. 1 lac to Rs. 2 lac Rs.15.00
Abv Rs. 2 lac Rs. 25

Services Applicable Standard charges

1) BNA Convenience Fee Rs. 50 per transaction on non-working day
2) Issuance of Duplicate Confirmation of Deposit Rs. 150 per instance
3) DD/PO Cancellation Rs 100 per instrument
4) Cheque Stop Payment instructions (Branch, Net & Mobile Banking) Rs 100 per leaf and Rs 500 for a Range
5) IMPS through Net Banking, Mobile and Branch Channel Channel Upto ₹ 1000 Above ₹ Above ₹ Above ₹ 1
per 1000 to ₹ 25000 to ₹ 1 lac upto ₹ 5
transaction 25000 lac lac
₹1 ₹5 ₹ 10 ₹ 15
6) Old Record (Subject to availability) Above 1yr & less than 2 yrs – Rs.150/- per Item
2 yrs and thereafter – Rs.100/- per Item, subject to Max of Rs.750/-
7) SMS alerts Rs. 0.25 per SMS
8) Statement through email/ Physical statement from branch Rs 5/- per statement

Miscellaneous Charges
Range Charges per instruments
Cheque collection (Branch/Non Branch Locations) Outstation/ Local <=5000 Rs.25/-
(Other bank
commission will be >5000- 10,000 Rs.50/-
recovered >10,000- 1,00,000 Rs.100/-
separately)
>1,00,000 Rs.250/-
Foreign Currency Inward / Outward Remittances / Certificate As per Trade Finance Guidelines
Charges for collection of paper based Instrument other than Free
regular cheque payable through clearing mechanism – Collection
of documents by State Govt. Treasury, KVP, NSC etc. by
customers.
Statement of Accounts
- Physical Account Statement from branch (1 statement per Month) Free

-Duplicate Account Statement at the Branch (per instance) Upto 1 year - Rs. 100/- & Above 1 year - Rs. 300/-
-Duplicate Account Statements over Telephone (including cost of Post/ Upto 1 year - Rs. 100/- & Above 1 year - Rs. 300/-
Courier)
-Overseas Mailing Actual Courier charges shall be recovered (To be collected by Branch Manually)
Standing Instructions
Standing Instructions Free

Standing Instruction rejection/failure Rs.225 per instance

Account Closure Charges (To be collected by Branch Manually)
Non Individual/ Individual Customer (Not applicable to Accounts Account closed within 14 days from the opening of the account NIL
required to be closed as per regulatory / statutory or law enforcing
norms/ directions, Bank induced closures and Deceased Settlement Accounts closed beyond 14 days but within 6 months ₹1000
cases.) Accounts closed after 6 months ₹ 500

ECS Returned Upto ₹25 lacs: ₹500 per instance, Above ₹25lacs: ₹750 per instance
 IDBI Bank Elite Plus Business Account

Cheque Deposited and Returned (Financial Reason (Local/ Outstation)

Cheque Issued Returned
(beyond free limit and or non-maintenance of MAB)
Slab (Rs.) Up to Rs Rs 10,001 Beyond Rs
10,000 to 25 lakh 25
lakh Slab (Rs) Charge
Up to 2nd Rs.500 Rs.500 Rs.1,000
Upto 1 lac Rs.150
instance/quarter
Beyond 2nd Rs.500 Rs.750 Rs.1,500 Beyond 1 lac Rs250
instance/quarter
(Financial reason)
Technical Reason: Free Technical Reason: Free
Arranged / Unarranged Overdraft (Subject to Approval) Per Occasion (A)- Rs 115/- (To be collected by Branch Manually)
Interest (B) - 18.75%.
Home Banking Facility Cash Delivery & Pick Up (CDP) - As per Schedule of Charge (SOC) for CDP
Service
Debit-cum-ATM Card (Domestic/ International)
Debit-cum-ATM Card (Domestic/ International) Gold Debit Platinum Debit Card Signature Debit Card
Card (Visa/ (Rupay/ Visa) (Visa)
Master) (for AOA & YAB (for AOA & YAB >
(for AOA & Rs. >5.00 lac to Rs. Rs.10.00 lac)
YAB Rs. 2 lac to 9.99 lac)
Rs. 4.99 lac)
Personalized Debit Card Issuance Fee Rs150/- Rs150/- Free
Annual Fee/ Add on Card/ Replacement of Lost Stolen card/ New PIN Free Free Free
Generation (charges will be levied if Yearly Average Balance-YAB is not
maintained)
ATM Cash Withdrawal Limit (per day) Rs 75,000 Rs 1,00,000 Rs 3,00,000
POS Limit (Point of Sale)/ (per day) Rs 75,000 Rs 1,00,000 to Rs 5,00,000
Rs 2,00,000
E commerce online Transactions (per day) Rs 75,000 Rs 1,00,000 Rs 1,00,000
Contact Less card Transactions limit Rs 5,000 Rs 5,000 Rs 5,000
Add on services on Debit Cards (Eligible for Visa Signature/ Platinum/Gold/ Rupay debit card)
Air Accident Insurance cover - - Rs 25,00,000
Personal Accident Cover Rs 5,00,000 Rs 5,00,000 Rs 10,00,000
Loss of checked baggage Rs 50,000 Rs 50,000 Rs 2,00,000
Purchase Protection (for 90 days only) Rs 20,000 Rs 20,000 Rs 2,00,000
Lost/stolen / Counterfeit cards: Rs 2,00,000 Rs 1,00,000 to Rs Rs 5,00,000
50,000
Fire and Burglary for House Hold Contents Rs 50,000 Rs 50,000 Rs 2,00,000
Permanent Disability Cover NA Rs. 2,00,000 on NA
Rupay Platinum Card
only
Airport Lounge Access (per calendar quarter at participating Airport lounges in 0 2 4
India)
Loyalty Points for every Rs. 100 spent at merchant establishments 1 loyalty point 2 loyalty points 3 loyalty points
(Loyalty point reward structure as well as reward of loyalty points for different
merchant categories is subject to revision from time to time)
Loyalty Points are available for first year only subject to fulfillment of Average 1200 max 2400 max 4000 max
Yearly Balance (without MAB charge) + addition of biller in Mobile Banking/ 1 biller in Mobile 1 biller in Mobile 1 biller in Mobile
Net Banking Plus GST payment. Banking/ Net Banking/ Net Banking Banking/ Net Banking
Banking plus 2 plus 3 GST payment plus 4 GST payment in a
GST payment in in a year. year.
a year.
Free
ATM Transaction Failure at IDBI Bank ATM
Transaction at IDBI Bank ATM Financial/ Non-Financial - Free
Transaction at other Bank ATM : 3 free transactions in Mumbai, Charges beyond free limit International:
New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad and 5 free Non- Financial - Rs 30 per
transactions in other cities. Domestic: Transaction.
Non- Financial - Rs 8 per Financial - Rs 140 per transaction
Transaction.
Financial - Rs 21 per Transaction

Domestic Cash withdrawal transactions declined due to insufficient funds -

Rs.20/- per instance.
International Cash withdrawal transactions declined due to insufficient funds
– Rs.20/- per instance
(AOA: Account opening amount/ YAB: Yearly Average Balance)
 IDBI Bank Elite Current Account
Important Instructions

1. Opening of the Current Account tantamount to deemed acceptance of the aforesaid rule & regulations as well as the fact of being informed
about the various service charges being levied by the Bank and the terms and conditions guiding the related products and services. Service
charges are subject to change from time to time.
2. For availing Value Added Business Support Services, separate application cum declaration form wherever applicable need to be submitted by
account holder/s.
3. Services/ facilities for Add on saving bank accounts are available as per previous month balance maintained in the account.
4. Cash deposit at any branch subject to non-home branch acceptance.
5. Facility for grouping of business Current Account (i.e. primary Account) and Saving Bank Account (SBA) of self or family members (minimum 2
and maximum 5) together at a pre-defined group balance requirement can be avail by submitting the application cum declaration form duly signed
by all the signatories of grouped accounts. HNI category accounts, Minor accounts, Financial Inclusion Accounts / Capital Gains and Current
Account other than Sole Proprietorship and Individuals are not eligible for Grouping. Balances available in Flexi Fixed Deposits (FFD) linked
SBA & Current Accounts are not eligible for computing the sum of the average monthly balance (MAB) i.e. family MAB of grouped accounts. In
the event of non-maintenance of stipulated Family MAB, all the accounts who have not maintained the MAB, will be charged product level MAB
charges as applicable and shall be recovered from primary Current account; in case of non availability of sufficient balance in primary a/c, charges
shall be recovered from other accounts in the sequence of accounts in the group.
6. For activation of facility of Grouping of Accounts and protection against insufficient funds, same accounts required to be grouped.
7. Maximum tenure for Sweep in/ out fixed deposit is upto 180 days only.
8. Incase of closure of current account (i.e Primary account), all the facilities linked to the account viz. free add-on saving bank account, grouping of
accounts, protection against insufficient funds etc shall be withdrawn and add-on saving bank account shall be transferred to Normal Saving Bank
account without any further intimation with applicable MAB and charges.
9. Satisfactory conduct of the account entails maintaining sufficient balance to honor cheques issued to third parties. If there are high incidences to
the contrary as well as non-maintenance of MAB for consecutive 06 months, the Bank reserves the right to close the account under intimation to
the customer.
10. In-Operative Account:-
- If there are no transactions in the account for a period of two years, the account will be treated as an inoperative account.
o In case there are no customer induced debit, credit and/or third party transactions in the account, it would be classified as inoperative.
o The service charges levied by the Bank and/or interest credited by the Bank would not be considered as customer induced
transactions.
- The customer should thus transact in the account periodically, so that it does not become inoperative.
11. Gold Card offered with account opening amount of Rs.2 Lakh up to Rs. 4.99 Lakh. Facilities will be disabled and Annual Fee, Add on Card,
Replacement of Lost Stolen fee of Rs. 300/- each would be applicable if Yearly Average Balance (YAB) of Rs.2 lakh is not maintained.
12. Platinum Card offered with account opening amount above Rs.5 Lakh up to Rs.9.99 Lakhs. Facilities will be disabled and Annual Fee, Add on
Card, Replacement of Lost Stolen fee of Rs. 400/- each would be applicable if Yearly Average Balance (YAB) of Rs.5 Lakh is not maintained.
13. Signature Card offered with account opening amount above Rs.10 Lakh. Facilities will be disabled and Annual Fee, Add on Card,
Replacement of Lost Stolen fee of Rs. 799/- each would be applicable if Yearly Average Balance (YAB) of Rs.10 Lakh is not maintained
14. Domestic Validity Debit Card: - If a Customer opts for Domestic Validity Card, a Debit Card with magnetic stripe will be issued which can be
used only in India for ATM, POS & E-com transactions. For all domestic POS transactions, PIN will be prompted to complete the transaction.
15. International Validity Debit Card:- If a Customer opts for International Validity Debit Card, EMV Chip Debit Card will be issued which can be
used in India & abroad for ATM, POS & E-com transactions. For all domestic POS transactions, PIN will be prompted to complete the
transaction.
16. Out of total Insurance being provided on RuPay Platinum Debit Card, Personal Accident Insurance Cover of 2 Lac (For Death and
Permanent Disability), provided by NPCI, will be valid only if the card is used for transaction at ATM/POS /E-commerce at least once in 45
days prior to the date of the incidence”.
17. For Insurance claims to be accepted and processed; there should be a minimum of 2 purchase transactions using the Debit Card in last 3
months prior to the event date.
18. Loyalty point reward structure as well as reward of loyalty points for different merchant categories is subject to revision from time to time.
Loyalty points can be easily redeemed through (i) DealsnDelight available in Go Mobile+ (ii) Retail Internet Banking.

Declaration: I/We have read / understood the terms and condition as applicable to Account opening and other operational aspect. I/We understand
that terms and condition may be revised by the Bank from time to time and it will be agreeable to me/us. I/We shall be responsible for regularly
reviewing these terms, including the amendments that are posted on the website. I/We agree to pay charges as per the Bank Policy. I/We also
agree to down-gradation of the account and withdrawal of features, in the event of non- maintenance of required balance.

Signature 1 Signature 2 Signature 3

Signature(s)/ Thumb impression(s) of the account holder (With Seal and stamp)

For Office Use

Scheme code Description Min. Account Opening Amount/ MAB Last/ Current
Month MAB
RCEPA Retail Current Elite Plus Account ₹2,00,000/- Facilities based on
Last Month Average
Balance