Fees and charges-Non-credit matter with effect from 01.04.2016
| Star Savings Accounts: (NZD/USD) | |
|---|---|
| Minimum Balance | $500 |
| Monthly fee for not maintaining minimum balance | Nil |
| If maintaining minimum balance | 6 free INR remittances to India per month |
| If not maintaining minimum balance | 4 free INR remittances to India per month |
| Debit Transaction fee | $0.50per debit transaction after 100 free debit transaction per quarter |
| Quarterly account maintenance fee | NIL |
| Account closure fees | NIL |
| Star Current Account | |
| Minimum Quarterly average balance | |
| Personal -> | Nil |
| Business | $1000 |
| Fee for not maintaining minimum balance | |
| Personal -> | Nil |
| Business -> | $10 per month |
| Remittance to India | |
| Personal -> | 6 free INR remittances to India per month |
| Business -> | 4 free INR remittances to India per month |
| Account closure Fee within 12 Months | |
| Personal -> | $25 |
| Business -> | $50 |
| Other Service Charges | |
| Duplicate or additional statement copies | $1.50 per page |
| All other documents | $1.50 per page |
| Additional copies of same original | $1.00 per page |
| Certificate of Balance | $25.00 flat |
| For any enquiry on historical information | $10 per information |
| For certification of any document | $ 50.00 per document |
| Standing instructions (SI) fees per SI | |
| Establishment, amendment and or suspension of SI | $5.00 each (this fee is waived if the AP is between BOINZ accounts). |
| Deposit | |
| Collection item fee: Cheque clearing charge Star Savings/current account | No charges |
| Cash handling fee (Charged on the total cash amount deposited or withdrawn in any one business day) | |
| Up to $10,000.00 | Free |
| Above $10,000.00 | $1.00 per NZ$1000 or part thereof |
| Cheques – fees per cheque | |
| Stopped cheques | $15.00 |
| Inoperative Account Fee | |
| Inoperative Account Fee (for accounts with balance less than $150 not used for one year or more. | Nil |
| Pre maturity withdrawal Fee | |
| Term Investment –Pre maturity withdrawal Fee | Where the deposit is paid to the customer prior to the maturity date, interest will be paid at 1% per annum below the applicable card rate for the actual period the deposit was kept with us. A flat fee of $50 will also be charged. |
| Insufficient Funds/Dishonour fee | |
|---|---|
| Cheque, automatic payment and direct debit | Inward-$25.00 per transaction Outward- $10 per transaction |
| Future dated bill payment and pay anyone transaction via internet banking | Nil |
International - Outward Payments
INR Remittance to India –In case the number of remittances exceeds 4 or 6 times (as applicable) in a month, the following charges will be applied:
INR Remittance to India –In case the number of remittances exceeds 4 or 6 times (as applicable) in a month, the following charges will be applied:
| Charges | |
|---|---|
| Funds Transfer | |
| Issue: Up to $5000 | $10.00 |
| Over $5000 | $20.00 |
| Amendment | $20.00 |
| Enquiry (beneficiary claiming non receipt of payment)-upfront | $10.00 |
| USD Remittance (No free remittances) | |
| SWIFT charges | $25.00 |
| Up to $5000 | $10.00 |
| Over $5000 | $20.00 |
| NZD Remittance (No free remittances) | |
| SWIFT charges | $25.00 |
| Up to $5000 | $10.00 |
| Over $5000 | $20.00 |
| Inward Payments from overseas – Payments credited to Bank of India (New Zealand) Ltd account | |
| (If charges are mentioned as "sha" in SWIFT message) | |
| For any branch of Bank of India | $10.00 |
| For any other Bank | $15.00 |
| (If charges are mentioned as "ben" in SWIFT message) | |
| For any branch of Bank of India | $15.00 |
| For any other Bank | $20.00 |
OUR EXCHANGE RATE
LATEST NEWS
- We highly encourage our customers to use electronic means of communication such as email/phone to avail our services for both our branches.
- In adherence with the AML/CFT Act 2009, we may request additional information from you in relation to remittance & other services to update our records from time to time.
