Verified Bank Tariff
Bank of India Charges & Fees
- Charges verified
- 6
- 6 checked rules · 6 fee categories · 3 account variants
Complete official Schedule of Charges for Bank of India. Every fee entry is backed by verified citations, 18% GST treatment, waiver conditions, and RBI dispute rights.
At a glance
Bank of India’s own figures, before GST. Tap a figure for its source.
- SMS alerts
Not verified yet
No official figure checked for this bank.
- Demand draft
Bank of India, Demand draft
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
Top rate · from ₹20
Low vs 12 banks
- RTGS
Bank’s figure
Free
- IMPS
Not verified yet
No official figure checked for this bank.
- NEFT
Not verified yet
No official figure checked for this bank.
- Minimum balance
Bank’s figure
Free
- Cheque return
Not verified yet
No official figure checked for this bank.
- Locker rent
Bank of India, Locker rent
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
Top rate · from ₹900
Low vs 9 banks
Verified Fee Categories for Bank of India
Account closure charges1 checked entry
Retail Banking Service Charges · Branch
Within 14 days of opening: ₹0.00 · 15 days up to 12 months: ₹250.00 · Beyond 12 months: ₹0.00 · Closure due to death of account holder: ₹0.00
Trigger Condition
Bank of India savings accounts.
Verified on 2026-08-25 · Effective: 2026-01-01
Cheque charges1 checked entry
BOI Elite Salary Account · Branch
₹0 (Free)
Trigger Condition
BOI Elite Salary Account only; official product table states Free Cheque Book Unlimited.
Verified on 2026-08-15
Demand Draft charges1 checked entry
Retail Banking Service Charges · Branch
Up to Rs500: ₹20.00 · Above Rs500 up to Rs10,000: ₹100.00 · Above Rs10,000 up to Rs50,000 (Min Rs90): ₹90.00 · Above Rs50,000 (per thousand slab): ₹150.00
Trigger Condition
Applies to Demand Draft issuance at Bank of India branches.
Verified on 2026-08-25 · Effective: 2026-01-01
Locker charges1 checked entry
Retail Banking Service Charges · Branch
Small Box (10x10x10 cm): ₹900.00 · Medium Box (20x20x20 cm): ₹1,800.00 · Large Box (30x30x30 cm): ₹2,700.00
Trigger Condition
Bank of India safe deposit lockers. Advance annual collection.
Verified on 2026-08-25 · Effective: 2026-01-01
Minimum balance charges1 checked entry
Star Yuva Account · General
₹0 (Free)
Trigger Condition
Bank of India Star Yuva Account only; eligibility/product restrictions from the official product page remain applicable.
Verified on 2026-08-15
RTGS charges1 checked entry
BOI Elite Salary Account · General
₹0 (Free)
Trigger Condition
BOI Elite Salary Account only; applies to the listed salary categories on the official product table.
Verified on 2026-08-15
What Bank of India prints on your statementStatement narrations · 5 decoded
5 narrations decoded against Bank of India's own schedule of charges — the plain-English and Hinglish meaning, the exact amount including GST, and how to avoid it.
ACCT CLOSURE CHGA fee for closing your account within a defined period after opening it.
CHQ BOOK CHGA charge for cheque leaves issued beyond the free allowance for the year.
DD CHARGESA commission charged when a demand draft or banker's cheque is issued. It usually scales with the draft value.
LOCKER RENTAnnual rent for a safe deposit locker. The amount depends on locker size and branch location.
MIN BAL CHGA penalty for not keeping the required average balance in your account for the month or quarter.
Annual Account Leakage AuditHow much is Bank of India quietly deducting every year?
How much is Bank of India quietly deducting from your account every year?
Run our 60-second audit to total the charges we can trace to published tariff documents.
Official Bank of India tariff documentsThe bank’s own Schedule of Charges and website
Disputing a Wrongful Charge at Bank of IndiaDispute & Refund Assistance · RBI three-level route
Under Reserve Bank of India (RBI) consumer protection directives, account holders have statutory rights to claim refunds for unauthorized debits, failed ATM transactions, or penalties debited without prior notification.
Branch / Helpdesk Ticket
Email Bank of India customer service quoting the transaction ID and account details. TAT: 7 working days.
Principal Nodal Officer
If unresolved within 7 days, escalate to Bank of India's Principal Nodal Officer (PNO). TAT: 14–30 days.
RBI Banking Ombudsman
Lodge a statutory complaint on the RBI CMS Portal (cms.rbi.org.in) if rejected or delayed past 30 days.
Need a pre-filled grievance email draft for AMB penalties or debit card AMC?
Open Dispute Letter GeneratorFrequently Asked Questions (Bank of India)4 questions
What is the minimum balance (AMB) requirement in Bank of India?
In Bank of India, the minimum average balance (AMB/MAB) varies by account tier and branch location. Regular savings accounts in metros typically require maintaining the published threshold, while salary accounts and BSBDA zero-balance accounts have ₹0 AMB requirements.
What are the debit card annual maintenance charges (AMC) for Bank of India?
Debit card maintenance charges at Bank of India are billed annually based on card variant plus 18% GST.
Can Bank of India deduct minimum balance penal charges without sending an SMS?
No. Under RBI Master Direction (DBOD.No.Leg.BC.21/09.07.006/2015-16), Bank of India is legally mandated to notify the customer via SMS or email giving them a 30-day notice window to restore their balance before any penalty can be debited. If debited without prior notification, you are entitled to a full reversal.
How do I dispute a wrongful fee or charge deducted by Bank of India?
To dispute a wrongful deduction at Bank of India: (1) Send an email to the Branch Manager / Customer Service citing the relevant RBI circular and transaction ID. (2) If unresolved within 7 days, escalate to Bank of India's Principal Nodal Officer (PNO). (3) If unresolved after 30 days, lodge a complaint with the RBI Banking Ombudsman via the CMS portal (cms.rbi.org.in).