About the Standard Charted Bank

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people


Payroll Overdraft Facility
Emergency cash requirement: A current account with overdraft limit with access to cash in case of an emergency.

Low interest rate: Best in class rate of interest of 15.5% p.a.

Sweep functionality: Funds can be recovered from alternate account in case of non availability of funds.

Rate and Fees

Interest of 15.5% per annum

Eligibility

1. Payroll Clients of Standard Chartered Bank
2. Minimum gross salary of INR 50,000

Fees :

Type of Fees Charges
Activation Fee INR 500
Annual Fee INR 1000
w.e.f July 2017
Payroll Overdraft Charges - Standard Chartered Bank
sc.com/in
Late Payment Fee INR 500
Overlimit Fee 2% annualised interest