IMPORTANT NOTICE FOR SAVINGS CUSTOMERS

I. Revision of Cash Transaction Charges for Savings Account

Existing tariff structure for Cash Transaction Fee in select Savings scheme is being revised from 1st
May’18 onwards.

The free limits for Monthly Cash Transaction in all locations are being revised as under:

Free limits for Easy and

equivalent schemes Existing structure Revised structure w.e.f. 1st May’18

Domestic Schemes First 5 Transactions or Rs 10 First 4 Transactions or Rs 3 lakhs

(Metro/Urban Locations) lakhs whichever is earlier whichever is earlier

Domestic Schemes
(Semi-Urban/Rural First 10 Transactions or Rs 10 First 4 Transactions or Rs 3 lakhs
Locations) lakhs whichever is earlier whichever is earlier

For NR schemes (All First 5 Transactions or Rs 10 First 4 Transactions or Rs 3 lakhs

Locations) lakhs whichever is earlier whichever is earlier

i. Domestic Schemes include Easy Access (SBEZY), Womens Savings (SWEZY/SBSMT), Senior
Privilege Savings Account (SBSPA), Easy Access Salary Account(SAPPR), Prime Salary
Account (SAPPM), Future Stars Account (SBFTS), Staff Account (SBSTF), Special Accounts
(SBAGT/SBGLT/SBSPL/SBWDN/SBPMS/SBSA3), SDTRS
ii. NRI Schemes include SBNRE, SBNRO, NRESP, NROSP, NROBN, NROFS, SBFRN, NRISL, SMBIA,
STNRE and STNRO
iii. All Burgundy, Priority Schemes will continue to be excluded from charging on cash
transactions.
iv. Other NRI Schemes to be excluded are (NREPM, NROPM, NREMA, NROMA, SBRFC, NROPI,
NREPI, PMSNE, PMSNO, NROFN, PBNRE, NRPBS, PBNRO, PBFRN, NREPV, NROPV, BGFRN,
NREWM, NROWM).

To promote digital transactions it has been decided to make the NEFT and RTGS transactions
(Branch and Online) free for all savings schemes
II. Revision of ECS and Cheque Return Charge Structure for Savings Account

ECS and Cheque return charges are being revised from 1st May’18 onwards.

Existing structure Revised structure

 Inward Cheque Return - Rs. 500/-

 Inward Cheque Return - Rs. 350/- for 1st
Flat per instance of Cheque return
instance of Cheque return and Rs 750 from
due to insufficient funds
2nd instance onwards (failure due to
insufficient funds)
 ECS Debit Failure - Rs. 500 for per
 ECS Debit Failure - Rs. 350/- for 1st instance
instance of ECS/ACH failure
of ECS/ACH failure and Rs 750 from 2nd
instance onwards

III. Introduction of Standing Instruction Failure charges for Recurring Deposit Installment bounce and
Mutual Fund SIP bounce

Effective 1st May’18 for Domestic and NR savings customers in case of SI failure due to insufficient
funds in case of RD/MF SIP is being introduced

Charge w.e.f 1st May’18: Rs. 50 per instance of RD/MF SIP SI failure

Following Schemes are excluded from SI Failure charges for Recurring Deposit/Mutual Fund SIP bounce
charges:

Burgundy (SBPRV/ SBPRS/ SBAWA/ SBAWS/ NROAW/ NROWM/ NROPV/ NREAW/ NREWM/ NREPV/ WSSTF/
BSNRE/ BSNRO/BGFRN) and Priority (PBSPA/ SBPBG/ SBPBS/ PBNRO/ PBSTF/ PSNRE/
PSNRO/PBNRE/NRPBS/PBFRN)