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The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
*Charges may vary as per the prevailing promotional offers. These would be informed to the Cardholder at the time of application for the card and will be directly charged to the account and would appear in the monthly credit card statement.
Table Of Other Financial Charges
Other Financial Details Charges
Details
Late Payment Charges (w.e.f. 1 May 2024)
₹ 0 for statement outstanding balance less than or equal to ₹ 100. ₹ 100 for statement outstanding balance between ₹ 101 and ₹ 500. ₹ 500 for statement outstanding balance between ₹ 501 and ₹ 5,000. ₹ 700 for statement outstanding balance between ₹ 5,001 and ₹ 10,000. ₹ 1200 for statement outstanding balance greater than ₹ 10,000.
Additionally, late fee of ₹100 will get debited if the Minimum Amount Due is not received for 2 or more consecutive months.
Example:In case there is an outstanding of INR 12,000 on your Credit Card Account and payment is not made by the Payment Due Date, there will be a Late Payment Charge of INR 1200 in your Credit Card Account.
The example above is for illustrative purposes only. Late Payment charges will be levied on outstanding balance of credit card account statement, if payment is not made by the Payment Due Date. Your Credit Card Account will consist covering all primary and supplementary cards and any installment facility (EMI or loan availed on your credit card) linked to this credit card account. Separate payment will need to be made for each Credit Card account.
Over Limit Fees
₹ 500 per instance or 2.5% of the Over limit amount. (Minimum ₹ 500)
Rewards Handling Charges
₹ 99 will be charged towards handling and courier charges for redemption of reward points. for their exclusive rewards program.
Cash Advance Fee
ATM withdrawals: 3% of cash withdrawal amount subject to a minimum of ₹ 300.
Overseas Transactions
All overseas transactions are levied with a 3.5% transaction fee^^. This includes charges paid out to Visa/ Master for converting overseas transactions into INR. Please Note: Transactions at merchant establishments that are registered overseas, even if the merchant is in India attract a charge of 1% from Visa/ MasterCard which is included as a part of the transaction amount in your statement. Standard Chartered is committed to comply with economic sanctions that are imposed by relevant regulatory authorities. As such, we do not allow our products and services to be used directly or indirectly in countries that are subject to such sanctions and will not process transactions which involve these countries. Please note that you will not be able to contact us via phone banking, facsimile transmission, or emails, or access our website and online banking, and we will not be able to provide you with financial services if you are in these countries. We will also not process payment or trade transactions that involve these countries. Please refer to our website at https://www.sc.com for a current list of countries that are subject to economic sanctions.
Surcharges
₹ 25 or 2.5% of transaction (whichever is higher) on Railway transactions. ₹ 10 or 1% of transaction (whichever is higher) on Petrol transactions. The rate of surcharge may vary depending on acquiring bank.
Rental payments (w.e.f. 2 April 2023)
1% processing fee on transaction amount + applicable taxes
Goods and Services Tax
Goods and Services Tax ('GST') at prevailing rates is applicable on all taxable supplies.
Cheque/ Cash Pick up Fee
For overdue card accounts, charge of ₹ 100 will be levied for payments collected by authorized representatives. The same will reflect in the next month's statement.
Cash Repayment Fee
Effective 1st January 2019 ₹ 299 /- will be charged for making payment of credit card bills by depositing cash at any Standard Chartered Bank branch. These charges will be reflected in the next month’s statement.
Cheque Bounce Charges
Effective 1st July 2019 ₹500 will get debited towards cheque bounce charges
Paper Statement
Effective 1st January 2019 there will be an applicable fee of INR 99/- per month for paper statement in case the customer opts for both, a paper statement and an electronic statement.
Service Handling Charges
Effective 1st January 2019 charges as mentioned in Schedule of charges will be levied only for those services that are available through online banking but are requested by a customer through Phone banking (Non IVR) / Branch banking. For a list of the services that will be charged, please refer to https://www.sc.com/in/credit-cards/tariffs-and-charges/
^^Except overseas transactions on Ultimate Credit Card which are levied with 2% transaction fee.
Service handling charges
Applicable charges - Effective 1st Jan 2019
Charges
BRANCH SERVICE HANDLING CHARGES
Service Requests at the branch
INR 199/-**
PHONE BANKING SERVICE HANDLING CHARGES
Self Service IVR calls
FREE
Non IVR calls attended by Phone Banking Officers
INR 49/-**
** Applicable for all Credit Card variants except Visa Infinite & Ultimate, only for those services that are available through online banking but are requested by a customer through Phone banking (Non IVR) / Branch banking.
GST will be levied at the applicable rates over and above the mentioned charges.
Charges applicable on Personal Segment clients except Visa Infinite & Ultimate.
Please refer to the Schedule of Service Charges (SOSC) for more details.
Services at branch & phone banking (Non IVR) to be charged - Credit Cards
Services at branch & phone banking (Non IVR) to be charged - Savings Account
Outstanding balance / Transaction details
Available balance / Transaction details / Statement details
Product features enquiries
Credit Card status enquiry
PIN no enquiry / reset
PIN No. enquiry / reset
Statement query / details
Request - status (except deliverable status)
Fund transfer / bill payment / Online payment related
Online banking registration / re-registration
Request - status (except deliverable status)
Branch / ATM address / IFSC code
Reward points enquiries / redemption
Reward points enquiries / redemption
Available credit / Cash limit
Fund transfer / bill payment / Online payment related
Branch / ATM address / IFSC
Cheque clearance related / Fund transfer
Minimum Amount Due (MAD) :
The minimum amount due every month shall be higher of the following (a) 5% of statement outstanding or (b) sum total of all installments billed, interest, fees, other charges, amount that is over limit and 1%of the principal or (c) Rs 250. Incase you have an unpaid minimum amount due from the previous month, the same will be added to the minimum amount due for the current month (as calculated above).
In case of default or if the statement balance is less than Rs 250 the entire outstanding amount may have to be paid. If you spend Rs 10,000 and pay back exactly the MAD every month, it will take approximately 6.5 years to pay back the complete amount. We therefore suggest that whenever your cash flow allows you, do pay back substantially more than your minimum payment due.
Annualised Percentage Rate (APR) (w.e.f. 1 May 2021):
The monthly interest rate is annualized to arrive at the annualized percentage rate (APR). Monthly interest rate of 3.75% pm is annualized to arrive at an APR of 45.00% for all Standard Chartered Credit Cards including Visa Infinite and Emirates World credit cards. However, for all instant credit card variants, the monthly interest rate is 1.99% pm (APR of 23.88%). Cash transactions will also attract an interest rate of 3.75% pm (APR of 45.00%).
Interest-free (Grace) Period :
The Payment Due Date on your Card can be between 18 and 25 days after the Statement Date (Please check your statement for your exact Payment Due Date). Therefore, the interestfree credit period can range from 18-48 days to 25-55 days depending on your Payment Due Date. The interest-free period does not apply for cash advances and revolving balances. For these, interest is charged fromthe date of the transaction.We reserve the right to change this interest-free period by giving you notice.
Assume that your Statement Date is 2 Nov (covering transactions billed between 3 Oct and 2 Nov) and your Payment Due Date is 24 Nov. You have paid the total amount due by 24 Nov (making you eligible for interest-free period). In this case, the Payment Due Date is 22 days after the Statement Date and the interest-free period will range from 22-52 days.
For a transaction billed on 3 Oct, the interest-free period is 52 days (from3 Oct to 24 Nov)
For a transaction billed on 2 Nov, the interest-free period is 22 days (from2 Nov to 24 Nov)
Levy of Interest :
(Please note that monthly payments will be applied first towards meeting the old borrowing)
Interest is charged if part payment facility is chosen or in case of payment not being received by the Payment Due Date (PDD).The interest is levied on the daily outstanding balance. Effective 1st March 2006, interest will be levied from the transaction date to the statement date in the current statement cycle and interest will be charged from the date of transaction to the date of payment.
Option
How Interest will be levied
Example
If FULL payment of Total Outstanding is made every month before Payment Due Date
No Interest will be charged *
No Interest will be charged *
If PARTIAL payment of Total Outstanding is made every month before Payment Due Date
Interest will be charged for all transactions incurred in the current statement from the transaction date till the Statement Date.
Previous Statement Date: 1 Aug, Statement Balance: 10,000 Payment Due Date: 18 Aug.Transaction incurred on 15 Aug: Rs 3,000 Payment: Rs 8,000 received on 18 Aug, Current Statement Date: 1 Sep, In this case, interest will be charged for Rs 10,000/- from 2 Aug till 17 Aug and the unpaid balance of Rs 2,000 will attract interest from 18 Aug till 1 Sep. Interest will also be charged for Rs 3,000 from15 Aug to 1 Sep.
The closing balance in the previous statement will attract interest, from one day post the Statement Date till one day prior to the date of payment, in the current statement. The balance after payment will attract interest fromthe date of payment till the Statement Date.
If you usually make PARTIAL payment, but in the CURRENT month you have made the FULL Payment of the Total Outstanding before the Payment Due Date
The closing balance as per your previous statement will accrue interest until the date of payment.
Previous statement date: 1 Aug, Closing Balance Rs 10,000 Current Statement Date: 1 Sep, Due Date: 18 Aug, Payment: Rs 10,000 on 15 Aug. Rs 10,000 will attract interest from 2 Aug to 14 Aug (for 13 days in Aug which has 31 days).^
*Does not include Cash transactions
^ Interest debited in this case will be = Rs 10,000 x 3.75% x 13/31 = Rs 157.26