Domestic Money Transfer Charges Slab 1Customer Convenience Fees is min Rs.10/txn or 1%
Dear
As you are aware, Government of India introduced GST law from 1 July 2017. Based on recent clarifications, our partner banks are changing the money transfer (remittance) pricing to make it standard & transparent as per GST law.
In the new model, Bank will charge uniform customer charges of 1% on each remittance. The bank will be remitting GST for the transaction directly to the government.
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Domestic Money Transfer Charges Slab 1
Customer Convenience Fees is min Rs.10/txn or 1%  |
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Transaction Amount Slab
FROM | TO
|
Customer Convenience Fees (Including GST)
|
Customer Convenience Fees
(Net GST) |
Master Distributor (MM)
|
Distributor (DM)
|
Agent Commission (AM)
|
|||
₹10
|
₹100
|
₹10.00
|
₹8.47
|
₹0.22
|
₹0.22
|
₹1.03
|
||
₹100
|
₹1,000
|
₹10.00
|
₹8.47
|
₹0.22
|
₹0.22
|
₹1.03
|
||
₹1,001
|
₹1,100
|
₹11.00
|
₹9.32
|
₹0.35
|
₹0.35
|
₹1.63
|
||
₹1,101
|
₹1,200
|
₹12.00
|
₹10.17
|
₹0.48
|
₹0.48
|
₹2.22
|
||
₹1,201
|
₹1,300
|
₹13.00
|
₹11.02
|
₹0.60
|
₹0.60
|
₹2.81
|
||
₹1,301
|
₹1,400
|
₹14.00
|
₹11.86
|
₹0.73
|
₹0.73
|
₹3.41
|
||
₹1,401
|
₹1,500
|
₹15.00
|
₹12.71
|
₹0.86
|
₹0.86
|
₹4.00
|
||
₹1,501
|
₹1,600
|
₹16.00
|
₹13.56
|
₹0.98
|
₹0.98
|
₹4.59
|
||
₹1,601
|
₹1,700
|
₹17.00
|
₹14.41
|
₹1.11
|
₹1.11
|
₹5.18
|
||
₹1,701
|
₹1,800
|
₹18.00
|
₹15.25
|
₹1.24
|
₹1.24
|
₹5.78
|
||
₹1,801
|
₹1,900
|
₹19.00
|
₹16.10
|
₹1.37
|
₹1.37
|
₹6.37
|
||
₹1,901
|
₹2,000
|
₹20.00
|
₹16.95
|
₹1.49
|
₹1.49
|
₹6.96
|
||
₹2,001
|
₹2,100
|
₹21.00
|
₹17.80
|
₹1.62
|
₹1.62
|
₹7.56
|
||
₹2,101
|
₹2,200
|
₹22.00
|
₹18.64
|
₹1.75
|
₹1.75
|
₹8.15
|
||
₹2,201
|
₹2,300
|
₹23.00
|
₹19.49
|
₹1.87
|
₹1.87
|
₹8.74
|
||
₹2,301
|
₹2,400
|
₹24.00
|
₹20.34
|
₹2.00
|
₹2.00
|
₹9.34
|
||
₹2,401
|
₹2,500
|
₹25.00
|
₹21.19
|
₹2.13
|
₹2.13
|
₹9.93
|
||
₹2,501
|
₹2,600
|
₹26.00
|
₹22.03
|
₹2.26
|
₹2.26
|
₹10.52
|
||
₹2,601
|
₹2,700
|
₹27.00
|
₹22.88
|
₹2.38
|
₹2.38
|
₹11.12
|
||
₹2,701
|
₹2,800
|
₹28.00
|
₹23.73
|
₹2.51
|
₹2.51
|
₹11.71
|
||
₹2,801
|
₹2,900
|
₹29.00
|
₹24.58
|
₹2.64
|
₹2.64
|
₹12.30
|
||
₹2,901
|
₹3,000
|
₹30.00
|
₹25.42
|
₹2.76
|
₹2.76
|
₹12.90
|
||
₹3,001
|
₹3,100
|
₹31.00
|
₹26.27
|
₹2.89
|
₹2.89
|
₹13.49
|
||
₹3,101
|
₹3,200
|
₹32.00
|
₹27.12
|
₹3.02
|
₹3.02
|
₹14.08
|
||
₹3,201
|
₹3,300
|
₹33.00
|
₹27.97
|
₹3.14
|
₹3.14
|
₹14.68
|
||
₹3,301
|
₹3,400
|
₹34.00
|
₹28.81
|
₹3.27
|
₹3.27
|
₹15.27
|
||
₹3,401
|
₹3,500
|
₹35.00
|
₹29.66
|
₹3.40
|
₹3.40
|
₹15.86
|
||
₹3,501
|
₹3,600
|
₹36.00
|
₹30.51
|
₹3.53
|
₹3.53
|
₹16.46
|
||
₹3,601
|
₹3,700
|
₹37.00
|
₹31.36
|
₹3.65
|
₹3.65
|
₹17.05
|
||
₹3,701
|
₹3,800
|
₹38.00
|
₹32.20
|
₹3.78
|
₹3.78
|
₹17.64
|
||
₹3,801
|
₹3,900
|
₹39.00
|
₹33.05
|
₹3.91
|
₹3.91
|
₹18.24
|
||
₹3,901
|
₹4,000
|
₹40.00
|
₹33.90
|
₹4.03
|
₹4.03
|
₹18.83
|
||
₹4,001
|
₹4,100
|
₹41.00
|
₹34.75
|
₹4.16
|
₹4.16
|
₹19.42
|
||
₹4,101
|
₹4,200
|
₹42.00
|
₹35.59
|
₹4.29
|
₹4.29
|
₹20.02
|
||
₹4,201
|
₹4,300
|
₹43.00
|
₹36.44
|
₹4.42
|
₹4.42
|
₹20.61
|
||
₹4,301
|
₹4,400
|
₹44.00
|
₹37.29
|
₹4.54
|
₹4.54
|
₹21.20
|
||
₹4,401
|
₹4,500
|
₹45.00
|
₹38.14
|
₹4.67
|
₹4.67
|
₹21.79
|
||
₹4,501
|
₹4,600
|
₹46.00
|
₹38.98
|
₹4.80
|
₹4.80
|
₹22.39
|
||
₹4,601
|
₹4,700
|
₹47.00
|
₹39.83
|
₹4.92
|
₹4.92
|
₹22.98
|
||
₹4,701
|
₹4,800
|
₹48.00
|
₹40.68
|
₹5.05
|
₹5.05
|
₹23.57
|
||
₹4,801
|
₹4,900
|
₹49.00
|
₹41.53
|
₹5.18
|
₹5.18
|
₹24.17
|
||
₹4,901
|
₹5,000
|
₹50.00
|
₹42.37
|
₹5.31
|
₹5.31
|
₹24.76
|
||
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