1.0 COMMISSION ON COLLECTIONS:
1.1 Rate of commission on collection of Bills (Inward & Outward)
|For both Cash and Non-Cash transactions|
|Above Rs.1000/- Upto
|Above Rs.5000/- Upto
|Above Rs. 10000/- Upto
|Rs 8/- per Rs.1000/- or part there of|
|Above Rs. 1 lakh||Rs. 7/- per Rs.1000/- or part thereof with a minimum of Rs
800/- and maximum of Rs. 15,000/-
1.2. Rate of commission on collection of Cheques/Drafts /P.O. / Dividend Warrants/Deposit receipts (Inward/Outward)
|Upto Rs. 5000/-||Rs.25/-+ GST|
|Above Rs. 5000/- and
upto Rs. 10000/-
|Rs.50/- + GST|
|Above Rs. 10000/- and
upto Rs. one lakh
|Rs 100/-+ GST|
|Above Rs. one lakh||Rs. 4.5 per Rs.1000/- + GST
Minimum Rs. 500/- and maximum of Rs. 12,000/-
1.3. General guidelines regarding collection of Commission on Bills
1.3.9 Handling charges for Bills/Cheques returned unpaid:
- i) For Local Cheques:
- i) Cheques issued by our Account holders but returned unpaid by us through clearing or across the counter for want of funds
- a) For SB A/c Cheques returned: Rs. 80/-
- b) For CA/OD/CC A/c cheque returned Rs. 100/-
- ii) Cheques deposited by our customers to the credit of their accounts with us but returned unpaid by other Bank:Rs 10/-
- ii) For Local Bills and Outstation cheques/Bills returned unpaid:
- a) Outstation cheques: 50% of prescribed collection charge subject to minimum of Rs. 25/-
- b) Local/outstation Bills: 50% of prescribed collection charges subject to minimum of Rs. 25/-.
In respect of local/outstation bills and outstation cheques, apart from commission charges, transmission charges & out of pocket expense should be collected.
2.0 INTEREST/DISCOUNT OF CHEQUES/DEMAND DRAFTS/PAY ORDERS.
2.1. Present charges:
Rs.0.3 per Rs.100/- + collection charges + postage and other out of pocket expense with a minimum of Rs.10/- for the first Seven days including the day of discounting. For delay beyond 7 days, in addition to the above charges, overdue interest at 2% over the maximum lending rate applicable to non-priority, unsecured personal loan scheme (Presently, 15.5% + 2% = 17.5% p.a.) should be collected from 8th day of Discounting till the date of realization of instrument.
3.0. PAY ORDERS/BANKERS CHEQUES:
3.1. Present Rates:
For both Cash & non-Cash transactions.
|Upto Rs. 5000/-||Rs.20/-|
|Above Rs.5000/- upto Rs. 10000/-||Rs.25/-|
|Above Rs.10000/-||Rs.1 /- per Rs.1000/- or part thereof with a minimum of Rs.25/- & maximum of Rs.1500/-.|
4.0. EXCHANGE ON REMITTANCES:
Charge per Demand Draft/MT (For both Demand Drafts of our Bank and Syndicate Bank) and Issue of ICICI, IDBI AND UTI Cheques in lieu of our/Syndicate Bank DDs.
4.1. Present Rates:
|Rates (For both Cash & non-Cash transactions).|
|Upto Rs. 5000/-|
|Above Rs.5000/- upto||Rs. 25/-|
|Above Rs.10000/-||Rs.2/- per thousand or part thereof with a minimum of Rs.|
|25/- and maximum of Rs.5,000/-|
5.0. TRANSMISSION CHARGES (POSTAL TARIFF)
|Registered Post||Rs. 30/- or actual whichever is higher|
|Telegram/Telex||Rs.30/- or actual whichever is higher|
|Courier Charges||Rs.30/- or actual whichever is higher.|
|Telephone Charges||Rs. 5/- per local call (within radius of 50 Kms.)|
|Rs.10/- per outstation call (beyond radius of 50 Kms) or actual whichever is higher.|
6.0. LEDGER FOLIO CHARGES:
6.1. Present charges:
Ledger folio charges at the rate of Rs.75/- per folio (one side of ledger page) for both manual and computer page (30 entries or part thereof considered as one ledger page / folio) should be charged per annum.
The Number of Free ledger folio shall continue as per the existing guidelines.
|Average Credit Balance||No. of free ledger pages / folio|
|Upto Rs. 25,000/-||NIL|
|Above Rs.25,000/- to Rs.50,000/-||3|
|Above Rs.50,000/- to Rs.1,00,000/-||5|
|Above Rs. One lakh to Rs. 2 lakh||10|
|Above Rs.2 lakh||No Ledger folio charges|
|The ledger folio charges are Applicable to:|
- Current A/cs.
- OD/ODD/SOD/Cash Credit A/cs.
- KISSAN CREDIT CARD/Crop OD A/cs, having limit above Rs.25000
|7.0.COMMISSION ON GUARANTEE:|
|i.) Performance Guarantee
(i.e. Guarantee issued in respect of performance of non-monetary obligation of the party).
|Rs.100/- + 0.5% per quarter or part
thereof with a min. of 1%.
|ii.) Other than performance Guarantee||Rs.100/- + 0.75% per quarter or part
thereof with a min. of 1.5%.
|iii. If above Guarantees are secured by
100% cash margin in Term dep.
|Rs.100/- + 25% of the normal rate of
commission stated above under point
No. i.or ii, as the case may be
8.0. PROCESSING CHARGES ON LOANS/ADVANCES:
8.1. Present Charges:
|For Advances upto Rs.50 lakh||Processing charges shall be at 0.5% of sanction amount with a minimum of Rs. 50/-.|
|For Advances above Rs.50 lakh||Rs.25,000/- + Rs.250/- per every lakh or part there of exceeding Rs. 50 lakh.|
Exceptions – Processing Charges not to be levied for following loans:-
- All Priority Sector loans upto Rs. 25000/-
- Education Loans
- DRI loans.
- SHG loans.
- Staff loans.
- Advances against term deposit of our Bank.
Concessions (in respect of SGSY loans, JL accounts and Bank Guarantees) :
- For loans sanctioned under SGSY Scheme, Processing charges shall be at 0.25% of the sanctioned amount with a minimum of Rs.50/-.
- For Jewel Loan accounts, processing charges shall be 0.25% of sanctioned amount with a minimum of Rs. 25/-.
iii. For Bank Guarantees, 50 %of the normal processing charges shall be collected as stated under point No 7.2.11
|9.0 INSPECTION CHARGES:|
|9.1 Present Charges:
|For Advances upto Rs.25000/- (for Non
|Rs. 10/- per inspection per a/c with maximum of Rs. 50
p.a + GST
Priority Loans: Rs. 100/- per inspection per a/c with
max of Rs. 500 p.a + GST
Non Priority loans: Rs. 150/- per inspection per a/c
with max of Rs. 750/- p.a + GST
|For Advances Above Rs. 25,000/- &
upto and inclusive of Rs. 2 lakh
|For Advances Above Rs. 2 lakh & upto Rs. 25 Lakh||Priority Loans: Rs. 200 per Inspection per a/c with
max of Rs.1000/- p.a + GST
Non Priority: Loans: Rs. 250/- per inspection per a/c
with max Rs. 1500/- p.a + GST
|Advances above Rs. 25.00 lakh||Both Priority and Non priority loans: Rs. 500 per
inspection per a/c with max of Rs. 3000/- p.a+
|1. All Priority Sector Advances upto ` 25000/-
2. Jewel Loans
3. Loans on Deposits (LD & ODD)
4. Staff Loans
5. Demand loans given to salaried class, if loan a/c is running regular.
Note Regarding Processing charges on Loans : Education loans are exempted from processing charges
10.0. OTHER SERVICE CHARGES:
|10.1 Penalty for non maintaining
minimum balance in SB/CA
|Rs.30/- per month for SB A/c + GST (in proportion to the shortfall)
Rs.50/- per month for Current A/c + GST
Rs.25/– per month for JPSB A/c.
Rs.100/– per month for VPSB &VSPSB if average monthly balance below the stipulated limit.
Not applicable to:
a)Staff & Govt. deposit A/c.
c)Ex-employees of our Bank.
d)No Frill accounts
|10.2 Minimum Balance limits||Current Account
For current A/cs of individuals, min. limit shall be Rs. 2000/- and Rs. 500/- for urban Branches and non-urban branches (Semi-urban/Rural) respectively. For current a/c belonging to other than individuals, min.
balance is Rs. 3000/- & Rs. 1000/- in case of Urban and non-urban branches respectively.
i. Rs.1000/- for SB A/cs with a chequebook facility,
for Urban branches.
ii. Rs.500/- for SB A/cs with a chequebook facility,
for Semi Urban and Rural branches.
iii. Rs. 500/- and Rs. 100/- for SB A/cs without
cheque book facility in case of Urban Branches and
Non-urban Branches (semi-urban/Rural) respectively.
Minimum of Rs. 1000/- shall be maintained for JPSB accounts.
VPSB & VSPSB Accounts (Cir No 52/08)
Rs. 10000/- for VPSB accounts and Rs. 20000/- for VSPSB accounts.
|10.3 Charges for issuing of
|In Urban & Semi Urban areas
i. For Non-MICR cheque: Rs. 1.5/- per cheque leaf and For MICR Cheques Rs. 2.5 per cheque leaf for SB/Current/OD/CC A/c holder.
ii. For SB A/cs of individuals, first 40 leaves will be issued free in a calendar year
In Rural areas
Rs.1/- per cheque leaf with a free 30 leaves in a calendar year.
Exemption: SB/ODD A/cs of Staff members.
|10.4 Issuing of Duplicate DDs/
Banker’s cheque/Pay orders
|Rs. 50/- per instrument.|
|10.5 Cancellation/revalidation of
|Rs. 25/- per instrument.|
|10.6 Issuing of duplicate Pass book/statement/Loans pass
|Rs. 20/- per passbook with latest balance. For upto
date entries Rs. 25/- per ledger page or part thereof.
|10.7 Stop payment charges:||Rs.25/- per instruction per instrument.
Rs.10/- + Postage + Commission applicable if
Remitted by way of DD/TT/MT/PO.
(i) Standing instructions: (Which involves remittances of funds to other Branches for credit to parties own A/c or in favour of 3rd parties.
(ii) Standing Instruction: (Which involves credit to other than customer’s own A/c at the Branch)
|10.9 Change in operational
|Rs.10/- per occasion.|
|10.10 Issuing Duplicate Term
Deposit Certificate receipt:
|Rs. 30/- per Certificate/ receipt.|
|10.11 Service charges on Dormant
|a) For Dormant deposits, Rs. 10/- shall be debited every year. (excl: BSBD A/c)
b) For revival of Dormant deposit A/c, no charges
Note: For Dormant Deposit pertaining to Term Deposit,
Service charges need not be applied
|10.12 Cost of name plate||Rs. 50/- per nameplate.|
|10.13 Issuing of No due Certificate
|Rs.20/- per certificate.|
No NDC charges for applicants under Govt. Scheme.
|10.14 Charges for closure of SB/Current A/cs||Irrespective of age of the A/c, Rs. 10/- for SB A/c &
Rs. 25/- for Current A/c.
*For the transfer of SB A/cs from one Branch. to another.
*For closure to open a new A/c.
*Death of depositor.
|10.15 Issue of Balance confirmation/ Interest paid Certificate||Rs.20/-|
|10.16 Penalty for delay in payment of instalment of cumulative / Recurring deposit a/c||Rs.1.5 for every Rs.100 p.m. for the SD/ RD A/cs of
5 years & less. A penalty of Rs.2/- for every Rs.100/-
p.m. for SD / RDA/c of above 5 years.
|10.17 Locker rent||As per individual communication received by the
branches from the HO in this regard.
|10.18 Service charges on non-
Availment of loan after sanction of Proposal
|Only applicable processing charges to be collected|
|10.19 Upfront fee for premature closure of loan A/c by transfer / takeover of liability by other Banks||For Advances outstanding above Rs.5 lakh, 0.5% of
The loan amount outstanding.
|10.20 Service charges/ frequent
withdrawals in SB A/c
|If withdrawals exceed 50 per half year in SB A/c,
Rs.50/- per half year.
|10.21 Jewel Appraiser Fees||1% subject to minimum of Rs. 10/- and max. of
50/- for Advances upto Rs. 10000/- and Rs. 75/- for
loan above Rs. 10000/-
|10.22 Charges for issuing Solvency
|Rs. 500/- per lakh or part thereof subject to maximum
of Rs. 10000/-
|10.23 Scrutiny of Title Deeds (Legal/Professional Fees)||For Public, 0.5% of the loan amount applied for
minimum Rs. 200/- maximum Rs. 500/-
For Staff, Rs. 100/- for staff Housing loans.
Issuing of Notice: Ordinary Notice
Vakil Notice charges:
30 per party, per notice, per a/c+ GST ( No separate postal charges to be levied). The notice should be sent under Certificate of posting and copy should be maintained in loan file.
Rs. 100 per party, per notice, per a/c + GST (No separate postal charges to be levied) . Branches should invariably keep the copy of notice and acknowledgement in the loan file..
Professional fees of Rs. 100/- + Typing and
Miscellaneous charges Rs. 25/- + Actual Postage
Service charges Rs.25/- per party/per notice/per
|10.25 Loss of token||Rs. 100/- per token|
|10.26 Commission / Service Charges for pre-mature closure of Pigmy a/c /
Transferring Pigmy amount to Loan A/c
CASH HANDLING CHARGES For Current and Overdraft a/c
|(i) 3% commission for the premature closure before one year.
(ii) 1% commission for premature refund after 1 year upto 2 year.
Upto & inclusive of Rs.1 lakh per a/c per day: NIL Above Rs.1 lakh per day per account (cumulative) For over and above free limit Ra. 2 per Rs.1,000 or part thereof with a minimum of Rs.100 and maximum of Rs.2,500
NEFT RTGS CHARGES
- NEFT Charges:
- Up to Rs 1 Lakh Rs 5/- per Transaction.
- Above Rs 1 Lakh , to 2 Lakhs Rs 15/- per Transaction.
- Above Rs 2 Lakh ,– Rs 25/- per Transaction.
- RTGS Charges:
- Above Rs 2 Lakh to 5 Lakhs, Rs 25/- per Transaction.
- Above Rs 5 Lakh – Rs 50/- per Transaction.