IDBI Bank Umang Business Account

Umang Business Account (for Metro/Urban Branches)

Schedule of Facilities [Retail Current Account]
(Effective from Sep 18, 2023; Charges are exclusive of GST)

Account Opening Amount/ Minimum Average Rs.25000/-

Balance Facilities based on Monthly Average Balance (MAB)
Previous Month Average Free Transactions Per Month
Balance (MAB) (Amt in Rs) Cheque DD/ PO NEFT RTGS Cheq deposited &
Cash Deposit Book Leaves (nos) returned (financial
From Up to reason)
25000 49,999 10 times of 10 Branch Channel-10 Branch Channel-10 Free upto 2 instances
50
MAB Digital Channel-Free Digital Channel-Free
50000 99,999 (Inclusive of 75 20 Branch Channel- 2 0 Branch Channel-20 Free first 4 instances
both Home Digital Channel-Free Digital Channel-Free
100000 and above and Non Home 100 30 Branch Channel- 3 0 Branch Channel-30 Free first 5 instances
Branch) Digital Channel-Free
Digital Channel-Free
Facilities on non-maintenance 0 0 0 Branch Channel- 0 0
of MAB of Rs. 25,000/- Digital Channel-Free
(Digital Channel includes transactions executed through Mobile/ Net Banking)

Free Services
1) BNA Convenience Fee 10) Certificates: Balance Confirmation/ Photo/Sign.
Verification/ Banker’s report/ Interest Certificate
2) Issuance of Duplicate Confirmation of Deposit 11) Change of authorized signatory
3) DD/PO Cancellation 12) Facility of Sweep/Linking of accounts/ Sweep Out Trigger
facility charges
4) Cheque Stop Payment instructions (Branch, Net & Mobile Banking) 13) TAX Payment Challan retrieval beyond 2 years for Net
Banking Users
5) Addition / deletion of names / Nominations / Change in operational 14) INET Banking Password (Through Branch Channel
instructions: free 3 occasion (after account opening ) Channel)
6) IMPS through Net Banking ,Mobile and Branch Channel Channel: Free 15) Fund Transfer – Cheque/ account to account transfer at Non-
15 transactions per month Home Branch Channel
7) Cash Withdrawal at Home Branch Channel Free 16) Copy of original of cheque/draft (paid by the bank)
8) Old Record (Subject to availability) 17) Free SMS upto 75 (nos) per quarter
9) Charges For Recording Reconstitution of Account 18) Statement through email
Value Added Business Support Services*
Freedom from MAB (i) Freedom from maintenance of MAB for first 03 months from (including account opening month)
(Free look Period) (ii) Nil charges for services/ facilities utilized in account opening month. Thereafter, services are available as
per previous month average balances.
(iii) 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 One 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 Customer can pool the balances maintained in applicable eligible accounts/ Fixed deposits maintained with the
Insufficient balance 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 Eligible for Auto Sweep in/out FD facility where the balance is above defined threshold limit
Solution
Cash Management • Virtual AC for eCollection • Payment collection through Quick I Pay
services • Bulk Payments- NEFT/RTGS/IMPS/UPI (through I Cash •BBPS • eNACH/ Fastag
Web)
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 Umang Business Account

Penal charges per month for non-maintenance of MAB

MAB (Monthly Average Balance) Requirement (Rs.) Accounts maintaining over Accounts maintaining MAB upto 50%
50% of stipulated of stipulation
25,000 MAB
Rs.500/- Rs.750/-

Standard Charges
(Standard charges is applicable in case of Beyond Free Limit and or non maintenance of MAB)
Upto Rs. 3 lacs – Rs. 4/1000 > Rs. 3 lacs - Rs. 5/1000 Cheque (Leaves) Rs 5/ Leaf
Cash Deposit
DD/PO ₹ 1.10/ 1000/- Min ₹ 53/- to max no limit
NEFT RTGS Slab Branch
Slab Branch
(Charges per (Charges per Rs.2 lac to Rs.5 lac Rs.24.50/-
Transaction) Up to Rs.10000/- Rs. 2.00 Transaction)

Abv Rs.10000 to Rs.1 lac Rs.5.00

Abv Rs. 1 lac to Rs. 2 lac Rs.15.00 Above Rs.5 lac Rs.49.50/-
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 ₹ lac upto ₹ 5
transaction 25000 1 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 Rs 5/- per statement
Miscellaneous Charges
Cash Withdrawal : Non Home Branch Channel First 5 Transactions Free per month. Above Free Limit: Charges @ ₹ 2/- per ₹
1,000/-, minimum ₹ 50/- per transaction
Range Charges per instruments
Cheque collection (Branch/Non Branch Channel Locations) Outstation/ Local (Other bank <=5000 Rs.25/-
commission will be recovered >5000- 10,000 Rs.50/-
separately) >10,000- 1,00,000 Rs.100/-
>1,00,000 Rs.250/-
Foreign Currency Inward / Outward Remittances / Certificate As per Trade Finance Guidelines
Addition / deletion of names in Accounts/ Beyond 3rd occasion Rs. 100/-
Nominations / Change in operational instructions
Allowing operations through power of attorney/mandate Rs.500 per request
Charges for collection of paper based Instrument other Rs.10/1000 ( Min Rs.100/-, Max –Rs.1,000)
than regular cheque payable through clearing mechanism
– Collection of documents by State Govt. Treasury,
KVP, NSC etc. by customers.
Current Account Keeping Charges : Rs.550/- annually, (Applicable only if the Yearly Average Balance (YAB) falls below
Rs.100,000/-

Statement of Accounts
- Physical from Branch Channel/ Post/Courier Rs. 100/- per statement plus actual courier (if applicable) charges.
Duplicate Statement at Branch Channel (per instance) Upto 1 year - Rs. 100/- & Above 1 year - Rs. 300/-
Duplicate Statements over Telephone Email Free
Post/Courier Upto 1 year - Rs. 100/- & Above 1 year - Rs.300/-
Overseas Mailing. Actual Courier charges shall be recovered (To be collected byBranch Channel Manually)
Standing Instructions
 IDBI Bank Umang Business Account

Standing Instructions Rs. 50/- (per instances)

Standing Instruction rejection/failure Rs.225 per instance
Account Closure Charges (To be collected by Branch Channel Manually)
Non Individual/ Individual Customer (Not applicable to Account closed within 14 days from the opening of the account NIL
Accounts required to be closed as per regulatory / statutory or
law enforcing norms/ directions, Bank induced closures and Accounts closed beyond 14 days but within 6 months ₹1000
Deceased Settlement cases.) Accounts closed after 6 months ₹ 500
ECS Returned Upto ₹25 lacs: ₹500 per instance : Above ₹25lacs:₹750 per instance

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 to Beyond

10,000 25 lakh Rs 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 Channel Manually)
Interest (B) - 18.75% p.a.
Home Banking Facility Cash Delivery & Pick Up - As per Schedule of Charge (SOC) for CDP Service

Debit-cum-ATM Card VISA Classic Paywave Card/ RuPay Classic NCMC Card (customer
can opt for any one)
VISA Classic Paywave Card RuPay Classic NCMC Card
Personalised Debit Card Issuance Fee Rs. 150/- Rs. 150/-
Annual Fee 220/- 220/-
Add on Card 220/- 220/-
Replacement of Lost Stolen card Free Free
ATM Cash Withdrawal Limit (per day) Rs 25,000 Rs 25,000
POS Limit (Point of Sale)/ (per day) Rs 50,000 Rs 50,000
E commerce online Transactions (per day) Rs 50,000 Rs 50,000
Contact Less card Transactions limit Rs 5,000 Rs 5,000
Insurance Cover (for Insurance claims to be accepted and processed; there should be a An insurance cover upto Rs. 1 Not applicable
minimum of 2 purchase transactions using the Debit Card in last 3 months prior to the lac for lost and counterfeit cards
event date.)
Loyalty Points for every Rs. 100 spent at merchant establishments 1 loyalty point 1 loyalty point
(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 for first year only for fulfillment of Yearly Average Balance 1000 max
(YAB) of Rs. 50,000/- (without MAB charge) + addition of biller in Mobile 1 biller in Mobile Banking/ Net Banking plus 1 GST payment in a year.
Banking/ Net Banking Plus GST payment.

ATM Transaction Failure at IDBI Bank ATM Free

Transaction at IDBI Bank ATM First 5 Transactions Free in all cities thereafter Rs. 21/- Non-Financial - Free
Charges beyond free limit International:
Transaction at other Bank ATM Domestic: Non- Financial - Rs 30 per
3 free transactions in Mumbai, New Delhi, Chennai, Kolkata, Non- Financial - Rs 8 per Transaction. Financial - Rs 140 per
Bengaluru and Hyderabad and 5 free transactions in other cities. Transaction. transaction
Financial - Rs 21 per Transaction
Domestic Cash withdrawal transactions declined due to insufficient funds-
Rs.20/- per instance (w.ef. December 01,2019)
International Cash withdrawal transactions declined due to insufficient funds –
Rs.20/- per instance

Important Instructions
1. First 3 months (including account opening month) MAB Charges will not be levied. The charges for non-maintenance of MAB will be
levied after the completion of 3rd month.
2. 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.
 IDBI Bank Umang Business Account

3. For availing Value Added Business Support Services, separate application cum declaration form wherever applicable need to be submitted by
customer.
4. Services/ facilities for Add on saving bank are available as per previous month balance maintained in the account.
5. Cash deposit at any Branch Channel subject to non-home Branch Channel acceptance.
6. 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.
7. For activation of facility of Grouping of Accounts and protection against insufficient funds, same accounts required to be grouped.
8. Maximum tenure for Sweep in/ out fixed deposit is upto 180 days only.
9. 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 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.
10. 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 consecutive 06 months, the Bank reserves the right to close the account under intimation to the
customer.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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 the 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 Please Tick (√) Description Min. Account Opening Amount/ MAB Last Month MAB
RCFFA Retail Current Umang Account
₹ 25,000/- Facilities based on
RCRER Current Account of Builder Under RERA Last Month Average
Balance.
RCFFO NRO Current Account

RCFFN NRE Current Account