AQB IDBI Bank

Hii sir, I Wants to get the Notification for the Notice to SB/CA/OD Account Customer of the IDBI Bank ?

[sumit]

About the IDBI Bank

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.Central government i

Notification for the Notice to SB/CA/OD Account Customer of the IDBI Bank

It has been decided to introduce /revise certain service charges and also introduce penal charges for non maintenance of MAB w.e.f. July 1, 2015 which would be applicable to existing and new customers of the Bank.

Further, it has also been decided to implement the following criteria w.e.f July 1, 2015 for both existing and new customers:


1. The balance maintenance requirements under all savings product variant is being shifted from the present Average Quarterly Balance (AQB) to Monthly Average Balance (MAB);


2. Charges towards non maintenance of MAB under both Savings Bank as well as Current Account variant is being introduced;


3. All the existing and the revised new charges would be quoted exclusive of Service Tax and the Service tax would be recovered from the customer over and above the charges towards services;


4. Balance requirement is defined based on branch classifications from the present Tier A and B to Metro, Urban, Rural and Rural FI and the separate lower balance requirements additionally has been defined for Rural and FI branches.


Notification for the Notice to SB/CA/OD Account Customer of the IDBI Bank