Fees & charges
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| Joining Fee |
Free for life |
| Annual Fee |
Free for life |
| Add On Card Fee |
Free for life |
| Cash Advance Transaction Fee |
* ATM: 3% of the cash withdrawal amount, subject to a minimum of Rs. 300/-.
* Manual (using teller facilities at SCB Branches): In addition to the above, an additional fee of Rs. 500/- will be levied. |
| Penalty Interest Rate |
1.49% p.m. (APR of 17.88%) for the first 6 months if you have opted for it by paying Rs. 399/-
* If you have not opted for the assured interest rate, you will be charged an assured retail interest rate of 2.95%p.m (APR of 35.40%) for the first 6 months from the date of issue of the card.
* Post 6 months, Manhattan does not assure your retail interest rate as stated above. The APR will be assigned and reviewed every six months based on your card usage and re-payment behavior at the sole discretion of the bank.
* The new APR will be communicated through your statement at the time of each revision and will be applicable for a period of six months from the date of revision.
* Manhattan will charge a cash interest rate of 2.95% p.m. (APR of 35.40%). Interest on cash withdrawals is levied in the current statement from the date of cash advance to the date of repayment, or statement date, whichever is earlier. These balances will continue to attract interest till they are paid off. |
| Late Payment |
30% of the minimum amount due, subject to a minimum of Rs. 350/- and a maximum of Rs. 600/-. per Card.
* Rs 350 for statement outstanding less than Rs. 10,000
* Rs 500 for statement outstanding between Rs. 10,000 and Rs. 20,000
* Rs 600 for statement outstanding greater than Rs. 20,000
An additional late fee of Rs. 100/- will be charged over and above the LPC if the Minimum Amount Due is not received for two or more consecutive months. |
| Free Credit Period |
Min.: 17 days Max.: 47 days |
| Minimum Amount Due |
The minimum payment due every month is 5% of the billed value, unless you default on your payment. |
| Limited Lost Card Liability |
Rs. 200/- per instance |
| Over Limit Charges |
Rs. 500/- per instance. |
| Return of Cheque Fee |
Rs. 300/- per instance. |
| Duplicate Statement Request Charges |
Rs. 125/- per statement (Prior to last 3 months) |
| Replacement Card Charges |
Rs 200 |
| Charge Slip Request |
Rs.100/- per instance. |
| Air/Railway Booking Comment |
Airline/Railway Ticket Cancellation: We will levy a handling charge of Rs.100/-for these requests.
Rs. 25/- or 2.5% (whichever is higher) on Railway transactions. |
| Fuel Surcharge |
2.5% Min.: Rs 10 |
| Foreign Currency Conversion Charges |
The Bank charges 2.50% on the transaction as a mark-up and an additional 1% mark-up is charged towards reimbursement to VISA . |
| Service Tax |
12.36% |
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