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Holdings Description
a) Current/Saving Account 25000 Average for the Month,calculated based on total of daily end of day
balance/total number of days
b) Fixed Deposit 25000 Daily end of day balances of principal amount/total number of days
c) Mutual Funds 40000 Daily end of day balances/total number of days
d) Loans against securities 25000 Daily end of day balances/total number of days
e) Demat average balance 100000 Sum (non-pledged shares x Market rate); Only 25% of the balance will
be considered
f ) Insurance Premium 10000 Sum of total premium paid*
g) Mortage/Home Loan 500000 Outstanding principal amount
Average Monthly Relationship Value 650000 a + b + c + d + 25% x e + f + g
* Towards active individual life insurance policies with the account holder as proposer
2 Are there any charges currently levied on my account in case the NRV falls below this threshold?
Yes, currently non-maintenance charge of Rs. 500 (domestic) and Rs. 400 (non-resident) is levied, where NRV falls
below the threshold limit.
3 What is the change in the non-maintenance charge applied in case my account’s NRV falls below the threshold?
W.e.f. 1st April 2015, we have revised the NRV non-maintenance charges to only 1% of the NRV shortfall or Rs. 600
(domestic) and Rs. 400 (non-resident), whichever is lower, applicable only if you are not able to maintain the NRV
by the end of the next month. The shortfall will be calculated on the higher NRV maintained across the two
consecutive months.
Below is a table showing different scenarios on charge calculation:
Example: Account type = Domestic; Min. NRV requirement = Rs. 1 lac
Please note that the above examples are for explanation purposes only.
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5 How will I get to know in case my account’s NRV has fallen short of threshold?
You will receive intimation via SMS and Email when your account’s NRV falls below the threshold and when the
charge is levied on your account.
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