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    CitiBusiness CurrentAccount SOC

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    bdhariwala48
    This document outlines various fees and charges for CitiBusiness bank accounts, including: - Cheque pickup is free up to Rs. 500 per month - Overdraft interest is charged at 24% annually - Capital account transaction processing fees range from Rs. 2,500 to Rs. 5,000 depending on the transaction - Commission of 0.1% is charged for payments/remittances from EEFC accounts - Accounts are exempt from minimum balance requirements for the first 12 months

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    CitiBusiness CurrentAccount SOC

    Uploaded by

    bdhariwala48
    18 views1 page
    This document outlines various fees and charges for CitiBusiness bank accounts, including: - Cheque pickup is free up to Rs. 500 per month - Overdraft interest is charged at 24% annually - Capital account transaction processing fees range from Rs. 2,500 to Rs. 5,000 depending on the transaction - Commission of 0.1% is charged for payments/remittances from EEFC accounts - Accounts are exempt from minimum balance requirements for the first 12 months

    Original Title

    CitiBusiness-CurrentAccount-SOC

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    This document outlines various fees and charges for CitiBusiness bank accounts, including: - Cheque pickup is free up to Rs. 500 per month - Overdraft interest is charged at 24% annually - Capital account transaction processing fees range from Rs. 2,500 to Rs. 5,000 depending on the transaction - Commission of 0.1% is charged for payments/remittances from EEFC accounts - Accounts are exempt from minimum balance requirements for the first 12 months

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views1 page

    CitiBusiness CurrentAccount SOC

    Uploaded by

    bdhariwala48
    This document outlines various fees and charges for CitiBusiness bank accounts, including: - Cheque pickup is free up to Rs. 500 per month - Overdraft interest is charged at 24% annually - Capital account transaction processing fees range from Rs. 2,500 to Rs. 5,000 depending on the transaction - Commission of 0.1% is charged for payments/remittances from EEFC accounts - Accounts are exempt from minimum balance requirements for the first 12 months

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    CitiBusiness Schedule of Charges - Applicable to all current accounts

    Cheque Pickup Charges Free Free ` 500 per month

    Overdraft Interest (in case account


    24% p.a. 24% p.a. 24% p.a.
    goes into negative balance)

    Nil + GST as applicable, in accordance with GST provisions as per Government of india latest notifications on Foreign Currency
    Conversion for FCY sales/purchase.

    Capital Account Transaction FCGPR, FCTRS, All Foreign Direct Investment reporting, Annual Performance Report, Annual ESOP filing, Form ECB for fresh
    Processing Charges LRN: `5000 for each transaction; Revised Form ECB for existing LRN: `2500; Monthly ECB 2 form filing: `2000

    Commission in lieu of exchange for


    0.1% (Flat) 0.1% (Flat) 0.1% (Flat)
    payment/remittance from EEFC

    GST

    Mumbai, Delhi, Noida, Gurgaon, Faridabad, Kolkata, Chennai, Bangalore, Pune,


    Hyderabad, Ahmedabad and Thane

    Aurangabad, Chandigarh, Cochin, Coimbatore, Jaipur, Lucknow,


    Nagpur, Nashik, Baroda and Surat

    Net Relationship Value (NRV) is across all accounts under a Household and is calculated by aggregating average monthly balances across Savings Account, Current Account, Deposits, Mutual Funds and Insurance Premium paid.

    Sum of total Insurance paid

    For CitiBusiness Leap accounts, no charges for non-maintenance of Minimum Average


    Monthly Relationship Value, for 12 months from the date of account opening

    ©2020 Citigroup Inc. Citi, Citibank and Arc Design are registered service marks of Citigroup Inc. or its affiliates used and registered throughout the world. VER 2.0/BAN/CB-SOC/WPC/10-20

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