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SCHEDULE OF CHARGES (Version 1.4) Description of Charges Business Gold Credit Card Interest Free Period Up to 50 days Minimum Repayment Amount 5%, Minimum Rs. 200 Cash Advance Limit 30% of the credit limit Annual / Renewal Fee Rs. 199 Spend condition for waiver of annual charges 1st year fee waiver condition: Rs. 5,000 retail spends in first 3 months from the card setup date. Renewal fee (2nd year onwards) waiver condition: Rs. 15,000 retail spends in 12 months from card renewal date. Additional Card fee Life time free Charges On revolving Credit W.e.f. 1 st Sep’14, Initial interest rate at card issuance will be 3.4% p.m. (40.8% p.a.) This can change periodically based on spends, payback and utilization patterns. The maximum interest rate, in the event of default will be 3.5% p.m. (42% p.a.) Cards issued against fixed deposit: 1.99% p.m. (23.88% p.a.) applicable from transaction date. Cash Advance Charges 2.5% on amount withdrawn or Rs. 300 whichever is higher. Late Payment Charges (Basis Credit Card bill amount) Statement Balance Late Payment Charges Bills up to Rs.100 Nil Bills between Rs. 100 and Rs. 500 Rs. 100 Bills between Rs. 501 and Rs. 5,000 Rs. 400 Bills between Rs. 5,001 and Rs. 20,000 Rs. 500 Bills above Rs. 20,000 Rs. 700 Charges on over limit account 2.5% of over limit amount, subject to a minimum of Rs. 500 Payment return Charges 2% of payment amount, subject to minimum of Rs. 450 Cash Processing Fees Rs. 100 (for all card payments made by depositing in HDFC Bank branches or ATMs) Balance Transfer / Balance Transfer on EMI Processing Charges 2% of BT / BT on EMI amount or Rs. 250, whichever is higher Petrol Surcharge (subject to minimum of Rs. 10) 2.5% - Waived off for transaction value between Rs. 400 to Rs. 5000 W.e.f. 15 th Aug’14. It will be capped at maximum of Rs. 250 per statement Railway Ticket Purchase Fee Rs. 30 + 2.5% of transaction amount Reissue of Lost, Stolen or Damaged Card Rs. 100 Outstation Cheque Processing Charge Cheque value upto Rs. 5,000 – Fee will be Rs. 25, Cheque value above Rs. 5,000 - fee will be Rs. 50 Retrieval Fees (Charge slip) Rs. 125 per Chargeslip Foreign Currency Transactions Bank charges Cross currency mark-up of 3.5% Service Tax Applicable on all fees, interest and other charges Please note, We have discontinued this product and all existing cards are being automatically upgraded to Business Platinum Chip Credit Card on Renewal/Reissuance. Annual fee for Business Platinum Chip Credit Card is Rs. 299 + taxes.
