Interests & Charges
Cosmos Bank Savings Account
| Minimum Average Balance | Zero | ||
| Interest rate on savings account | Youth Savings Account | 1. Balance up to ₹25 lakhs | 2.75%* (w.e.f. 18.12.2020) |
| Regular Savings Account | 2. Balance above ₹25 lakhs | 3.50%* (w.e.f 14.03.2022) | |
Digital Payments & Transactions
| Online Payments – NEFT/RTGS/UPI | NEFT: Up to ₹1 lakh – Free |
| Above ₹1 lakh to ₹2 lakhs – ₹10 + GST (per transaction) | |
| Above ₹2 lakhs – ₹15 + GST (per transaction) | |
| RTGS: ₹2 lakhs to ₹5 lakhs – ₹24.50 + GST (per transaction) | |
| Above ₹5 lakhs: ₹49.50 + GST (per transaction) |
Debit Card & ATM Charges
| Annual Fee on Debit Card | The first year is FREE, then ATM Annual Maintenance charges | ||
| RuPay card – ₹150 / Yearly (as revised by Cosmos Bank) | |||
| Transaction fees and limits if you use any ATM | Home Branch Limit | Non-Home Branch | |
| ₹2 lakhs per day, above limit: ₹2 per ₹1000 | ₹50,000 per day, above limit: ₹3 per ₹1000 | ||
| Clearing & Transfer – No Limit | |||
| Transaction fees if you use any ATM other than Cosmos Bank | 10 transactions are free per month; after that, regular charges will be applicable. | ||
| Value-added services | |||
| ₹10 + applicable charges for PIN change and Mini Statements at other bank ATMs will be chargeable from the first transaction. | |||
| ATM transactions on us will be free if these customers operate from our ATMs at other locations. | |||
| Transaction Limit | Minimum Limit: ₹1 | ||
| Maximum Limit: ₹2 lakhs | |||
| Charges | |||
| Up to ₹1 lakh – ₹5 per transaction | |||
| Above ₹1 lakh to ₹2 lakhs – ₹15 per transaction | |||
Branch Transactions & Other Charges
| Get a chequebook | 20 cheques are free every financial year; after that, it is ₹4 per cheque. | ||
| Account Closure | Up to 14 days | 15 days to less than 6 months | Up to 1 year |
| Nil | ₹250 | ₹150 | |
In the case of UPI
| Transaction Limit | |
| Daily Transaction Limit | ₹50,000 |
| Per Transaction Limit | ₹10,000 |
| Maximum Number of Transactions/Day Charges | 10 |
| Personal transactions made by individuals through UPI are free. | Free |
ATM Charges at Other Bank ATMs
No. of Free Transactions per month at other bank ATMs (Cash withdrawal + Balance enquiry) | At Metro ATMs: First 3 transactions are free |
| At Non-Metro ATMs: First 5 transactions are free | |
| Charges beyond prescribed limit of free transactions | Cash Withdrawal: ₹21 + applicable taxes Balance Enquiry: ₹10 + applicable taxes |
| Other Non-financial transactions are chargeable from 1st transaction as below: | |
| ATM PIN Change | ₹10 + applicable taxes |
| Mini Statement | ₹10 + applicable taxes |
Card Usage Limits
| Cash withdrawal limit per day | ₹25,000 |
| POS limit per day | ₹1,00,000 |
| E-commerce limit per day | ₹1,00,000 |
| Contactless payment limit per day | ₹5,000 |
Note – GST applies to the charges mentioned above
