Federal Bank Limited · statement narration
CHQ BOOK CHG
A charge for cheque leaves issued beyond the free allowance for the year.
In plain English
A charge for cheque leaves issued beyond the free allowance for the year.
Also printed as CHEQUE BOOK CHARGES, CHQBK CHG, CHEQUE BOOK ISSUE, CHQ BK ISSUE CHG.
Hinglish mein
Saal ki free limit se zyada cheque leaves lene par lagta hai.
What it costs, including GST
Retail Banking Service Charges · General
Charge per cheque leaf beyond the free limit: Rs 2.50 for the Savings Bank Rural and Senior Citizens variants, Rs 3 for other Savings Bank variants and for Current/OD/CC, and Rs 5 for Fed-Selfi, which has no free limit.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Savings Bank — Rural | ₹2.50 | ₹2.95 |
| Savings Bank — Senior Citizens | ₹2.50 | ₹2.95 |
| Savings Bank — Other | ₹3 | ₹3.54 |
| Current / OD / CC | ₹3 | ₹3.54 |
| Fed-Selfi | ₹5 | ₹5.90 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Federal Bank liability products; charge per cheque leaf issued beyond the account's free limit, except Fed-Selfi, for which the schedule states there is no free limit and the charge applies from the first leaf. The free-limit counts themselves are not stated in this record. GST is additional.
Why it happened
You were issued cheque leaves beyond your account's free allowance.
How to avoid it
Stay within the free leaves each financial year and use digital transfers instead of cheques where possible.