Fees & charges
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| Joining Fee |
Rs 250 |
| Annual Fee |
Initially domestic Mastercard are issued without any charges. No Annual fee will be levied in the succeeding years if the following conditions are satisfied:
1. Use the credit card for minimum of Rs. 12,000/- in a card year.
2. Maintain average balance of Rs.25,000/- in SB account for previous 6 months in the operating account of the cardholder at any of our branches. (branch should send the request for fee waiver)
3. Maintain average balance of Rs50,000/- in a term deposit account for previous 6 months in the name of the cardholder at any of our branches. (Branch should send the request for fee waiver) |
| Credit Limit |
30% of your annual income with maximum of Rs 3.00 lacs |
| Cash Advance Limit |
50% credit limit with a maximum of
Rs.50000 (against credit card account) |
| Cash Advance Transaction Fee |
Cash withdrawal charges only Rs.30 per thousand. Minimum Rs.30 only. |
| Penalty Interest Rate |
2.5% per month, over carried over liability |
| Late Payment |
NIL |
| Free Credit Period |
Min.: 20 days Max.: 50 days |
| Limited Lost Card Liability |
Lost Card protection! Liability restricted to Rs.1,000 only from the time of reporting. |
| Emergency Replacement(when overseas) |
Free card replacement in case of mutilation / loss of card. |
| Service Tax |
12.36% |
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