Transparent Banking Charges
At Harco Bank, we believe in clear and simple understanding of your account services and associated fees.
Charges effective from
30-06-2025
SMS Alert Charges
Stay informed with real-time updates on your transactions.
- Transaction-based Charging: Calculated` based on actual debit/credit transaction alerts sent.
- Cost per SMS: Each SMS alert charged at ₹ 0.25 + GST.
- Quarterly Deduction: Aggregated charges for all SMS alerts sent over the quarter will be applied at quarter end.
- Example: For 21 alerts/quarter, total charges: ₹ 0.25 x 21 = ₹ 5.25 + applicable GST.
- Exemption Criteria: No charges if fewer than 4 debit/credit transactions in a quarter.
- Scope: Applicable to all products/accounts under our Service Charges Policy.
- Minimum Transaction Value: Charges levied only for transactions of ₹ 100 and above.
ATM Transaction Charges
Fees associated with ATM withdrawals and other services.
- Harco Bank ATMs: 5 free transactions per month.
- Other Bank ATMs: 3 free transactions per month.
- Beyond Free Limits: ₹ 21 + GST per financial transaction.
- Non-Financial Transactions: ₹ 8 + GST (e.g., balance inquiry, mini statement) after free limits.
- Cash Deposit: ₹ 50 + GST per transaction at select ATMs.
Minimum Balance Charges
Charges applicable for not maintaining the required average balance.
- Savings Account (Urban/Metro): Average Monthly Balance (AMB) ₹ 1,000
- Savings Account (Staff): Average Monthly Balance (AMB) ₹ 500.
- Current Account: Average Quarterly Balance (AQB) ₹ 10,000.
- Charges (Savings): ₹ 150 - ₹ 300 + GST based on shortfall.
- Charges (Current): ₹ 300 - ₹ 600 + GST based on shortfall.
- Waiver: Exempt for certain account types (e.g., Basic Savings Bank Deposit Account).