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Service Charges & Fees

  1. Service Charges w.e.f. 13.01.2025

    S No

    Section

    Service Charges Pertaining to

    1.  

    Section- A

    Retail Credit

    1.  

    Section- B

    Agriculture Credit

    1.  

    Section- C

    Credit (Except Schematic MSME/Retail & Agriculture Credit)

    1.  

    Section- D

    Forex

    1.  

    Section- E

    General Banking

    1.  

    Section- F

    Digital Banking

    1.  

    Section- G

    Business Correspondent (BC Point)

    1.  

    Section- H

    Demat

    The updated service charges pertaining to the following categories:

     

    CONSOLIDATED SERVICE CHARGES GUIDELINE

    1. RETAIL CREDIT

     

    S NO 

    SCHEMES

    PROCESSING FEES

    DOCUMENTATION CHARGES

    1. HOUSING LOAN

    1.1

    Housing Loan

    0.50% of the loan amount Minimum – ₹2,500/- Maximum – ₹20,000/-

    ₹ 1350/-

    Takeover of Loan ₹2,500/-

     

    1.2

    Top Up Home Loan (Term Loan)

    0.50% of loan amount

    ₹ 450/-

    1. REVERSE MORTGAGE LOAN

    2.1

    Cent Swabhiman Scheme

    0.15% + GST

    Maximum ₹15000/-

    ₹ 1000/-

    1. EARNEST MONEY DEPOSIT

    3.1

    Earnest Money Deposit

    ₹100/- per application

    NIL

    1. VEHICLE LOAN

    4.1

    Cent vehicle Four Wheeler

    0.50% of Loan Amount; Subject to Minimum: ₹ 2,000/-& Maximum: ₹ 20,000/-

    4.2

    Two Wheeler Loan –

    0.50% of Loan Amount; Subject to Minimum: ₹ 500/- & Maximum: ₹ 2,000/-

    1. EDUCATION LOAN

    5.1

    Education Loan (other than loan for overseas studies)

    NIL

    NIL

    5.2

    Overseas studies

    1% of the loan amount, Minimum ₹10,000/- (Non-refundable)

    NIL

    1. PERSONAL LOAN

    6.1

    Personal Loan

    1.00% of loan amount  

     

    Defence Personnel: NIL

    Up to ₹ 2 lakh- ₹270/- Above ₹ 2 lakh- ₹450/-

    For Defence Personnel: NIL

     

    6.3

    Personal Loan to Pensioners

    NIL

    ₹ 500/-

    7. GOLD LOAN

     Processing  Fee

     

    Segment

    Product

    Processing fee

    Retail/MSME

    3 months DL

    0.125% of loan amount with minimum Rs.62.50+GST, maximum Rs.1250/-+GST (irrespective of fresh or renewal)

    Retail/MSME

    6 months DL

    0.25% of loan amount with minimum Rs.125/-+GST, maximum Rs.2500/-+GST (irrespective of fresh or renewal)

    Retail/MSME

    12 months DL/ 36 months TL / OD/ Reducible OD

    0.50% of loan amount with minimum Rs.250/-+GST, maximum Rs.5000/-+GST (same for renewal also in case of OD/Reducible OD)

    Agriculture

    3 months DL/

    6 months DL

    Up to Rs.5 Lakh -- Nil

    Above Rs.5 Lakh – Rs.2500/-+GST (irrespective of fresh or renewal)         

    Agriculture

    For all remaining Agri gold loan products

    Up to Rs.5 Lakh -- Nil

    Above Rs.5 Lakh – Rs.5000/-+GST (same for renewal also)         

     

     Appraisal   

     Fee

     

    Table 1: Appraisal fee in case of fresh or renewal of gold loan and Appraiser is

                   NOT registered under GST:

    Loan Sanction Amount

     

    Appraisal Fee to be collected from borrower in case of fresh gold loans

    Appraisal Fee to be collected from borrower in case of renewal of gold loans

    Up to Rs.3.00 lakh

    0.20% of loan, Min. Rs. 100 +GST, Max.  Rs. 500 +GST

    0.10% of loan, Min. Rs.50+GST Max. Rs. 250+GST

    >3 Lakh to Rs.5 lakh

    0.20% of loan, Max. Rs.1000+GST

    0.10% of loan, Max.  Rs.500+GST

    >5 lakh to Rs.10 Lakh

    0.20% of loan, Max.Rs.1500+GST

    0.10% of loan, Max.Rs.750+

    GST

    >10 Lakh to Rs.15 Lakh

    0.20% of loan, Max.Rs.2000+GST

    0.10% of loan, Max.Rs.1000+GST

    >15 Lakh to Rs.40 Lakh

    0.20% of loan, Max.Rs.3000+GST

    0.10% of loan, Max.Rs.1500+GST

     

     Table 2: Appraisal fee in case of fresh or renewal of gold loan and Appraiser is

                    registered under GST (including Corporate Appraiser)

    Loan Sanction Amount

    Appraisal Fee to be collected from borrower in case of fresh gold loans

    Appraisal Fee to be collected from borrower in case of renewal of gold loans

    Up to Rs.3.00 lakh

    0.22% of loan, Min. Rs.110 + GST, Max.  Rs. 550 + GST

    0.11% of loan, Min. Rs. 55+GST Max. Rs. 275+GST

    >3 Lakh to Rs.5 lakh

    0.22% of loan,

    Max. Rs.1100+GST

    0.11% of loan, Max.  Rs.550+GST

    >5 lakh to Rs.10 Lakh

    0.22% of loan, Max.Rs.1650+GST

    0.11% of loan, Max.Rs.825+

    GST

    >10 Lakh to Rs.15 Lakh

    0.22% of loan, Max.Rs.2200+GST

    0.11% of loan, Max.Rs.1100+

    GST

    >15 Lakh to Rs.40 Lakh

    0.22% of loan, Max.Rs.3300+GST

    0.11% of loan, Max.Rs.1650+

    GST

      Table 3: Fee payable to Appraiser (NOT registered under GST)

    Loan Sanction Amount

     

    Fee payable to Appraiser (GST-Unregistered) in case of fresh gold loans

    Fee payable to Appraiser (GST-Unregistered) in case of renewal of gold loans

    Up to Rs.3.00 lakh

    0.20% of loan, Min. Rs. 100, Max.  Rs. 500

    0.10% of loan, Min. Rs.50

    Max. Rs. 250

    >3 Lakh to Rs.5 lakh

    0.20% of loan, Max. Rs.1000

    0.10% of loan, Max.  Rs.500

    >5 lakh to Rs.10 Lakh

    0.20% of loan, Max.Rs.1500

    0.10% of loan, Max.Rs.750

    >10 Lakh to Rs.15 Lakh

    0.20% of loan, Max.Rs.2000

    0.10% of loan, Max.Rs.1000

    >15 Lakh to Rs.40 Lakh

    0.20% of loan, Max.Rs.3000

    0.10% of loan, Max.Rs.1500

     

     Table 4: Fee payable to Appraiser (registered under GST) (including Corporate

                    Appraiser)

    Loan Sanction Amount

    Fee payable to Appraiser (GST-Registered) in case of fresh gold loans

    Fee payable to Appraiser(GST-Registered) in case of renewal of gold loans

    Up to Rs.3.00 lakh

    0.20% of loan, Min. Rs. 100 +GST,

    Max.  Rs. 500 +GST

    0.10% of loan, Min. Rs.50+GST Max. Rs. 250+GST

    >3 Lakh to Rs.5 lakh

    0.20% of loan, Max. Rs.1000+GST

    0.10% of loan, Max.  Rs.500+GST

    >5 lakh to Rs.10 Lakh

    0.20% of loan, Max.Rs.1500+GST

    0.10% of loan, Max.Rs.750+

    GST

    >10 Lakh to Rs.15 Lakh

    0.20% of loan, Max.Rs.2000+GST

    0.10% of loan, Max.Rs.1000+

    GST

    >15 Lakh to Rs.40 Lakh

    0.20% of loan, Max.Rs.3000+GST

    0.10% of loan, Max.Rs.1500+

    GST

     

    Safe Keeping Charges

    Safe Keeping charges will be levied after 30 days of expiry of tenure of the Gold Loan or after 30 days of closure of loan, if gold ornaments are not redeemed.

    1. Up to Rs. 25000/- Nil
    2. Above Rs. 25000/- up to Rs. 5.00 Lakhs - Rs. 100 per month + GST
    3. Above Rs. 5.00 Lakh -Rs.200 per month + GST

    Nomination

    Charges

    • Nomination facility for first time----Free
    • Thereafter, every change of nomination---- Rs.100/-+ GST

    8. ADVANCE AGAINST MORTGAGE OF IMMOVABLE PROPERTY

    8.1

    CENT MORTGAGE

     

    Processing Fees

    For Term Loan - 0.75% of sanctioned loan amount + GST Maximum ₹.1.00 lakh.

    Renewal Charges

    For OD - 0.50% + GST

    Maximum ₹ 5000.00

    8.2

    Documentation Charges

    For loan up to ₹ 50.00 lakh – ₹ 2500/- For Loans above

    ₹ 50.00 lakh – ₹ 5000/-

    9

    Cent Rental Scheme

    Processing Fees

    1% of Loan amount + GST

    Max ₹ 3 lakh

    9.2

    Documentation Charges

    For loan up to ₹ 50.00 lakh – ₹ 2500/- For Loans above ₹ 50.00 lakh – ₹ 5000/-

    Note: API Integration Charges of ₹ 81 + GST to be recovered for fresh proposal of Retail Loan.

     

    1. AGRICULTURE CREDIT

    S NO

    PARTICULARS

    CHARGES

    1. PROCESSING FEE

    1.1

    Processing Fee

    (Fresh/ Renewal/ Enhancement)

     

    EXPOSURE

    CHARGES

    Up to 3 Lac

    NIL *

    Above ₹3 Lakh

    @0.30%

    NOTE:

    • *Expenses other than Processing Fees (i.e. CIC/CERSAI/Insurance etc.) shall be borne by the borrower
    • The above charges are applicable for all AGRICULTURE SCHEMES
    1. UPFRONT FEE

    2.1

    Upfront Fee for Fresh Term Loans and Processing Fee for Renewal/ Review of Term Loans

     

    Exposure

    Charges

    Up to ₹ 3 Lakh

    NIL

    Above ₹3 Lakh

    50% of 1.25% (i.e. 0.625%)

    NOTE: Besides, Processing Fees, CIC/ CERSAI/Insurance etc.) shall also be borne by the borrower

     

    1. DOCUMENTATION CHARGES

    3.1

    Documentation Charges for Advance (Fund Based)/ (Non-Fund Based)

     

    Exposure

    Charges

    Up to ₹3 Lakh

    NIL

    Above ₹3 Lakh to ₹10 Lakh

    ₹2500/-                                    

    Above ₹10 Lakh

    ₹100/- per lakh or part thereof Maximum ₹15000/-

     

    1. INSPECTION / SUPERVISION CHARGES

    4.1

    Inspection/ Supervision Charges

     (Inspection charges are per inspection)

    Exposure

    Charges

    Up to ₹3 Lakh

    NIL

    Above ₹3 Lakh to ₹10 Lakh

    @0.10%; Min. ₹ 1000/- per inspection.                      

    Above ₹10 Lakh

    ₹ 5000/- up to ₹ 25.00 lakhs per inspection.

    ₹ 10000/- above ₹ 25.00 lakhs per inspection.

     

     

     

     

     

     

    1. CREDIT

     

    (EXCEPT SCHEMATIC RETAIL, AGRICULTURE & MSME ADVANCES)

    S No

    Particulars

    Charges

    1. INLAND LETTER OF CREDIT

    1.1

    Opening Charges (per LC)

    Opening charges 1.00% per annum.

    (Charges for the period of liability from the date of opening of credit to the last date of opening of Credit to the last date of its validity @ 0.25% for every period of 3 months or part thereof with minimum of ₹ 500/-.

    Usance Charges 2.00% per annum.

    (For the usance period for complete month or part thereof. In case of Sight bills/usance for less than 1 month, minimum 1 month charges @ 0.1675%, minimum ₹ 1000/-.

    1.2

    Charges for Confirmation of LC

    Normal charges as mentioned in Para 1.1

    1.3

    Revolving Letter of Credit

    Normal charges as mentioned in Para 1.1 to be applicable both at the time of opening and on reinstatement.

    1.4

    Advising of LC charges

    Retirement charges:

    @ 0.10% per Bill, maximum ₹1000/- .

    1.5

    Charges for discrepant documents negotiated/ discounted by our bank under LC opened by our Bank or any other bank

    Flat 0.30% subject to minimum of ₹3000/- (If payment received and credited to beneficiary account).

    1.6

    Attestation Charges for Certificates/ Commercial Invoices

    ₹100/- per invoice on each occasion; (When the beneficiary asks for attestation of commercial invoice at the time of negotiation/collection, such attestation, may be done free of charge; however, if the beneficiary ask for attestation of invoices on a subsequent occasion then prescribed charges should be levied on each and every occasion if it is found necessary to do so.)

    1.7

    Transfer Charges for Transferable LC

    ₹ 1000/- Flat for each transfer

    The transfer charges shall be levied on the account of first beneficiary of the credit, unless otherwise specified.

    1.8

    Negotiating Charges For bills negotiated /discounted under L/C opened by our Bank or other bank

    ₹ 1000/- plus interest per bill at the applicable rate of interest from the date of negotiation to the date of reimbursement of funds to the bank.

     

    1.9

    Amendment Charges

     

    For Extension of Validity period

    Normal Charges for enhanced portion/ Extended Period of LC as mentioned in Para 1.1

    For Enhancement in Value of LC

    For Any other amendment

    ₹ 1000/- Flat on each Amendment

     

    1.10

    Charges for Letter of Credit based on Liquid Margin

     

    At least 100% Liquid Margin

    25% of normal charge

    At least 75% Liquid Margin

    50% of normal charges

    At least 50% Liquid Margin

    75% of normal charges

    Less than 50% Liquid Margin

    Normal Commission

     

    1.11

    Postage / Out of Pocket Expenses

    Postages/Courier ₹ 200/-.

    All out of pocket expenses shall be collected from the beneficiary, unless otherwise specified.

    1. INLAND BANK GUARANTEE

    2.1

    Bank Guarantees

    Performance BG

    2.50% per Annum

    Financial BG

    3.00% per Annum

     

     

    Renewal of Guarantee

    Same as applicable for issuance of fresh guarantees except that the claim period be not charged if the renewal is affected before the expiry date of the original guarantee.

    2.2

    Charges for Bank Guarantees based on Liquid Margin

    Atleast100% Liquid Margin

    25% of normal charge

    Atleast75% Liquid Margin

    50% of normal charges

    Atleast50% Liquid Margin

    75% of normal charges

    Less than 50% Liquid Margin

    Normal Commission

     

    2.3

    Bank Guarantee Counter Guaranteed by Central Government/State Government/ ECGC/Scheduled Commercial Bank having Minimum required Regulatory CRAR including CCB

    50% of normal commission applicable on Bank Guarantee up to the extent of counter guarantee amount. Normal charges on guarantee amount not covered by counter guarantee.

    2.4

    Commission for Stand by LC (SBLC)

    Commission at par with Financial Bank Guarantee shall be charged.

    1. PROCESSING FEE (EXCLUDING SCHEMATIC MSME/RETAIL CREDIT/ AGRICULTURE CREDIT)

    3.1

    For Fund Based/Non Fund Based Working Capital Advances (Fresh/Renewal/Enhancement)

    Up to ₹1.00/- lakh

    NIL *

    Above ₹1.00 lakh to ₹10.00 lakh

    0.25%

    Above ₹10/- Lakh

    Internal Rating

    Rate

    CBI 1 to CBI 3

    0.25%

    CBI 4 to CBI 5

    0.30%

    CBI 6 & below

    0.35%

    (NOTE: Wherever internal rating is not applicable, effective rate shall be in the range of “CBI 4 to CBI 5”)

     

    Expenses other than Process Fees (i.e. CIC/CERSAI/Insurance, etc.) shall also be borne by the borrower.

    NOTE:

    • Processing fee on setting up of limits for discounting of bills backed by ILCs of PSBs/ approved banks on standalone basis shall be charged @ 25% of the card rates applicable on working capital finance, subject to a minimum of ₹ 500/-.

     

    CONSORTIUM ADVANCES: As decided in Consortium meeting or leader bank.

    ENHANCEMENT: As per normal rates mentioned above in Para 3.1 and pro rata for the relevant period so as to coincide with the expiry date of original limit.

    3.2

    ADHOC Sanction

    • 150% of normal charges mentioned above in Para 3.1 on the amount of ADHOC are to be charged on pro-rata basis for the period for which the ADHOC Sanction has been permitted to the borrowers.
    • Additional interest of 2% shall be charged on ADHOC granted.

    3.3

    Annual Review for 6 months/ Extension of validity of sanction / Short review

    Up to ₹10/- lakh- Normal charges

    Above ₹10/- lakh– 150% of Normal charges

     

    (The above clause shall be part of process note and sanction letter.)

    3.4

    Recovery of Process Fee

    AT THE TIME OF

    % (PROCESS FEE)

    Receipt of Loan Application*

    10%; Min ₹500/- (Non-Refundable)

    Conveying Sanction

    40%

    Disbursement

    50%

     

     

    Recovery of process fee should NOT be insisted upfront in following cases and collected on conveying sanction:

    • MUDRA /MSME loan up to ₹10/- Lakh
    • Loan under Government Sponsored Scheme

     

    Process Fee/Upfront Fee for Conveying NBG Approval if the proposal is approved in NBG meeting, charges of ₹ 2.00 lakh should be recovered by branch from the customer while conveying NBG approval and if:

    1. Regular proposal is sanctioned and the limit has been availed/ disbursed, the recovered amount of ₹ 2.00 lakh should be adjusted towards upfront/ processing fee.
    2. Regular proposal has been sanctioned but the limit is not disbursed the amount of ₹2.00 lakh should not be refunded.
    3. Regular proposal is not presented within 6 months amount of ₹2.00 lakh should not be refunded.
    4. Regular proposal is declined, 50% of the amount i.e. ₹1.00 lakh should be refunded.
    • Such charges should be conveyed to the customer before placing the proposal in NBG. In case of syndication assignments, the pricing is not to be disclosed, till mandate is received.
    • Amount of ₹2 lakh to be adjusted while recovering balance 50% of processing /upfront fee at the time of disbursement.

     

    1. UPFRONT FEE FOR FRESH TERM LOANS / REVIEW OF TERM LOANS

    4.1

    Upfront Fee - Term Loans (Including DPG)

    Upfront Fee - Term Loans (Including DPG)

    S No

    Exposure

    Charges

    All advances except Agriculture /Schematic MSME/ Retail

    Up to ₹10 Lakh

    1.  

    Up to ₹ 1.00 lakh

    NIL*

    1.  

    Above ₹ 1.00 lakh to  ₹ 5.00 lakh

    0.25%

    1.  

    Above ₹ 5.00 Lakh to ₹ 10.00 Lakh

    1.25%

    Above ₹10 Lakh (Based on Internal rating)

    1.  

    CBI 1 to CBI 3

    1.00%

    1.  

    CBI 4 to CBI 5

    1.25%

    1.  

    CBI 6 & below

    1.50%

    For MSME Borrowers

    1.  

    Up to ₹5.00 lakh

    NIL*

    1.  

    Above ₹5.00 lakh to ₹25.00 lakh

    50% of normal charges as mentioned at Serial No “b”.

    1.  

    Above ₹25.00 lakh

    Normal charges as mentioned at Serial No “d” to “f”.

     

    *Expenses other than Upfront fee (i.e. CIC/ CERSAI/ Insurance etc.) shall be borne by the borrower.

     

    4.2

    Annual Review Charges for Term Loan

    (applicable for the sanction after 01/10/2017)

     

    Limit

    Charges

    Up to ₹1.00 crore

    Standalone Term Loan: NIL

    Other (which are reviewed along with regular WC facility): @0.10% on outstanding

    Above ₹ 1.00 crore

    During implementation stage

    @0.10%; Max. -₹ 10.00 lakh

    After implementation

    @0.05%; Max. - ₹ 5.00 lakh.

     

    1. COMMITMENT CHARGES

    5.1

    Fund Based and Non Fund Based Limit

     

    1. FOR FB+NFB LIMITS OF ABOVE ₹ 1.00 CRORE:

    Commitment charges shall not be levied in cases where existing/prospective borrowers have executed documents containing the required clause for unconditional cancellation (UCC) of limits. Operative limit if fixed on the basis of QRS/FFS form, shall be reckoned for calculating the commitment charges.

     

    In case of partly drawn Term Loan, commitment charges to be levied irrespective of the fact whether the borrower has executed the necessary documents containing unconditional cancellable limit clause or not.

     

    For FUND BASED Limit including TERM LOANS:

     

    UTILIZATION LEVEL

    CHARGES

    Less than 50%

    1% p.a.

    50% to < 60%

    0.50% p.a.

    60% to < 70%

    0.25% p.a.

    > 70%

    NIL

     

    For NON-FUND Based Limit:

    Utilization Level below 60%

    0.25% p.a. for unutilized portion

     

    Unutilized portion in case of industries financed under monthly cash budget should be arrived at with reference to average utilization during the month and the monthly operative limit.

     

    1. FUND BASED WORKING CAPITAL LIMIT OF ₹ 150.00 CRORE AND ABOVE FROM THE BANKING SYSTEM: Irrespective of whether unconditionally cancellable or not.

     

    For FUND BASED Limit including TERM LOANS:

    Risk Weight of Advance

    Charges (for unutilized portion)

    20%

    0.10% pa

    30%

    0.15% pa

    50%

    0.20% pa

    100%

    0.40% pa

    150% and above

    0.60% pa

     

    FOR NON-FUND BASED LIMIT: NFB Facilities of the above class of borrowers will be subjected to Commitment Charges as detailed at A above.

     

    #All unrated claims on Corporates, AFCs and NBFC-IFCs having aggregate exposure from banking system of more than Rs.100.00 crore which were rated earlier and subsequently have become unrated will attract a risk weight of 150%.

    In respect of peak and non-peak limits (as permitted in the sanction), the commitment charges shall be collected as under:

    Average utilization level

    Commitment Charges

    If the average utilization during the quarter is more than 75 % of the peak /non-peak limit

    No charges

    If the average utilization during the quarter is less than 75 % of the peak /non-peak limit

    1.00% p.a. on entire unutilized portion on a quarterly basis.

     

    NOTE:

    1. CONSORTIUM ADVANCES: Charges as decided in Consortium meeting or leader bank. The quantum of charge should accordingly be determined by each member bank with reference to the operative/sanctioned limit allocated to it.
    2. MULTIPLE BANKING ARRANGEMENTS: The charge should be determined by each bank based on the limits sanctioned by it.
    3. TERM LOAN
    1. Where the draw down is made in stages as approved by the bank, the commitment charges shall be computed on the undrawn portion reckoned with respect to the relative draw down limit fixed for the period and not with reference to the total limit.
    2. In case of partly drawn term loans where no specific draw down schedule has been prescribed/borrower has not adhered to the specific draw down schedule, the commitment charges at aforesaid rates shall be levied on entire undrawn portion.
    1. Commitment charges are to be recovered on quarterly basis

     

    5.2

    Exempted Cases for Levying Commitment Charges

    1. FB + NFB limits of ₹ 1.00 crore and below
    2. Working capital limits sanctioned to sick/weak units/ Export Credit
    3. Credit limits granted to commercial banks, financial institutions and co-operative banks including land development banks.
    4. Inland bill limits extended by way of bills purchased / discounted or overdraft / cash credit limit / sub-limit against bills for collection

     

    Advance against units of LIP/Mutual Funds / NSCs / KVP/ IVP/ UTI/ Govt. Securities/Shares

    1. Up to ₹ 1.00 lakh: Nil
    2. Above ₹ 1.00 lakh to ₹ 1.00 crore: @0.25% (Max ₹ 25000.00/-)
    3. Above ₹ 1.00 crore @ 0.25% Min- ₹25000/- Max.₹ 100000/-

     

    This fee is only one time/ first sanction not applicable on Renewal.

     

    Advance against Bank’s own time deposit Receipts

    NIL

    1. DOCUMENTATION CHARGES

    6.1

    Documentation Charges  (Fund Based)/ (Non-Fund Based)

    Exposure

    Charges

    Up to ₹ 2.00 lakh

    NIL

    >₹ 2.00 lakh to ₹ 10.00 lakh

    ₹ 2500/-

    > ₹ 10.00 lakh to ₹ 1.00 crore

    ₹ 5000/-

    > ₹ 1.00 crore to ₹ 5.00 crore

    ₹ 10000/-

    > ₹ 5.00 crore to ₹ 50.00 crore

    ₹ 20000/-

    > ₹ 50.00 crore

    ₹ 50000/-

     

    • In case of enhancement of the facility, Documentation Charges shall be levied on enhanced portion only.
    • Renewal/Review of limits: NIL
    • Retail/Schematic Lending: As per scheme
    • Loan Against 100% Liquid Securities (i.e. Bank’s own deposit/ NSC/ LIP, etc.): NIL

     

    CONSORTIUM ADVANCES: Documentation charges shall be applicable in line with Consortium.

     

    DOCUMENTATION CHARGES ON ADHOC: At par of normal documentation charges

     

    1.  INSPECTION /SUPERVISION CHARGES

    7.1

    Inspection/ Supervision Charges

    SLAB

    CHARGES(PER ANNUM)

    Up to ₹ 2.00 lakh

    NIL

    Above ₹ 2.00 lakh to ₹ 10.00 lakh

    @0.15%; Min. ₹ 1000/-

    Above ₹ 10.00 lakh to ₹ 1.00 crore

    @0.10%; Min. ₹ 2000/-

    Above ₹ 1.00 crore

    @0.05%; Min. ₹ 10000/-& Max. ₹ 30000/-

    The above charges shall be levied quarterly on pro-rata basis through system.

     

    CONSORTIUM ADVANCES: As per decision taken in consortium meeting. However, if there is no decision in consortium meeting in respect of Inspection Charges, charges to be levied as per Para above.

    1. LEAD BANK CHARGES

    8.1

    Lead Bank Charges where our Bank is the Lead Bank Under Consortium

     

     

     

     

     

     

     

     

     

     

    Aggregate Limits (FB + NFB) from the Banking System

    Charge (As percentage of Aggregate Limits from the Banking system)

    Up to ₹ 50.00 crore

    @0.30%; subject to Min   ₹ 5.00 lakh

    Above ₹ 50.00 crore                           

    @0.25%; subject to Min   ₹ 15.00 lakh

    Normal charges, as applicable for accounts under Consortium. Lead Bank Charge as mentioned above shall be recovered at the time of original sanction/renew/review of facility on annual basis.

     

     

    1. TECHNO-ECONOMIC VIABILITY (TEV) STUDY CHARGES

     

    TEV Study charges:

    The charges of the Consultants shall have to be borne by the concerned borrower and the loan applicant should be clearly informed of the same. Moreover, the payment to the Consultant should be made by the Bank directly and TEV study should be conducted at the instance of the Bank and not at the request of the borrower.

     

     

    The fee structure as approved by the Bank’s Board payable to the consultant is as under:

    Above ₹.10.00 crore but less than ₹ 25 crore

    0.05% of Project cost

    Min Fees ₹. 50000/- & Maximum ₹.100000/- + GST

    Above ₹.25.00 crore but less than ₹.100 crore

    0.04% of Project cost

    Min Fees ₹. 100000/- & Maximum ₹.250000/- + GST

    Above ₹.100 crore

    0.025% of Project cost

    Min Fees ₹. 250000/- & Maximum ₹.400000/- + GST

     

     

    TEV Vetting Charges

    Charges for vetting of TEV study shall be 50% of applicable TEV appraisal charges as mentioned above.

    1. OTHER SERVICE CHARGES

    10.1

    Purchase / Discount of Bills / Cheques / Drafts

    (Outstation and Local)

    Charges per

    Cheques/ Drafts

    Bills

    Amount up to ₹10.00 lakh

    Flat ₹1000/-

    50% of collection charges (as per non-credit service charges)

    Amount above ₹10.00 lakh

    Flat ₹3000/-

    In addition to above charges, discount/interest* at applicable rate plus out of pocket expenses if any will be charged.

     

    *For Borrowal Accounts– Rate of interest applicable for WC advance to the respective borrower.

     

    For Non-Borrowal Accounts– Rate of Interest applicable to Clean OD.

    10.2

    Charges for Amendments / Modifications of Accepted Sanction Terms

    0.02% of loan amount (Minimum ₹ 1000/- and maximum ₹ 5.00 lakh)

    10.3

    Revalidation of Sanction

    50% of applicable Process Fee; subject to Max ₹ 2.50 lakh

    10.4

    Issuance of NOC for All Types i.e., Ceding First / Second Charge / Other Purpose

    0.05% of limit, Min. ₹ 2000/- Max. ₹ 50,000/-

     

    However, the same shall not be applicable to consortium banking arrangement

    10.5

    Issuance of Solvency Certificate (Non Commercial / Commercial)

    0.10% of certificate amount with a minimum of ₹1000/- and maximum ₹25000/-.

     

    NOTE: Any additional certificate issued within a period of 3 months of issuance of 1st solvency certificate, only 50% of the applicable charges shall be levied.

    10.6

    Issuance of Any Other Certificate i.e. No Dues, Balance Confirmation, Maintenance of Account, etc. on Behalf of Our Clients as well as Clients Referred by Other Banks Other than for Govt. Sponsored Schemes

     

    INDIVIDUALS

    NON-INDIVIDUALS

    ₹100/- per occasion

    ₹150/- per occasion

     

    10.7

    Fee For Opening / Operating TRA / ESCROW Account

     

     

     

    CREDIT LIMIT FROM OUR BANK

    FEE

    Up to ₹ 5.00 crore

    ₹1.00 lakh pa

    Above ₹ 5.00 to ₹ 10.00 crore

    ₹2.00 lakh pa

    Above ₹ 10.00 crore

    ₹5.00 lakh pa

     

    10.8

    Charges for Copy of Documents for Submission to Any Statutory Authority by the Borrower

     

     

     

     

     

     

     

    LIMIT

    Charges

    Up to ₹ 100 Lakh

    ₹ 500/-

    Over ₹ 100 Lakh

    ₹1000/- plus actual photocopy charges

    If presence of Bank official is required along with the copy of documents

    ₹2000/- plus actual photocopy charges

    PS Advances including Govt. Sponsored Schemes up to      ₹ 25000/-

    NIL

     

    10.9

    Providing Credit Information / Opinion Including Introduction in case of Borrowal Accounts if Provided on Request of the Borrower

    ₹ 1000/- per occasion

    10.10

    Registration of Power of Attorney

     

    INDIVIDUALS

    NON-INDIVIDUALS

    ₹100/- per occasion

    ₹150/- per occasion

     

    10.11

    Handling Charges

    Wherever full waiver of Processing fee or Upfront fee is permitted, ‘Handling Charges’ @ ₹ 15.00 per Lakh or part thereof, subject to maximum of ₹ 1.00 lakh are to be recovered from borrowers availing limits of ₹ 1.00 crore & above, separately in lieu of Processing fee & Upfront fee.

    10.12

    Loan / Debt Syndication and Project Appraisal Charges

     

     

     

     

     

     

     

     

     

     

     

    Syndication Fees (including project appraisal as a part of syndication assignment)

    0.50% of the total project loan

    Project Appraisal Fees wherever appraisal is shared with other banks/ SEBI and our bank does not undertake syndication assignment.

    0.20% of the total project loan (to be charged in those cases where our appraisal is being used for sanction of loan by other Banks / FIs)

     

    10.13

    Fee for Underwriting Assignments

    @ 0.25% of the total debt be recovered at the time of conveying our sanction. This fee is to be recovered over & above the syndication fee of 0.50% of total debt as mentioned above.

    10.14

    Additional Jobs/ Responsibilities on Behalf of Lender Banks, in respect of All Term Loans Sanctioned under Consortium/ Syndication/Multiple Banking Arrangement, Involving Total Term Loan Component of      ₹ 5.00 crore and Above

    PARTICULARS

    CHARGES

    A.PROJECT IMPLEMENTATION & MONITORING FEE

    For monitoring of implementation of the project on behalf of lender members (i.e. whether the financial as well as physical progress is as per schedule, cost estimates accepted are being adhered to or not, actual promoter’s contribution is as was envisaged, etc.)

    ₹100 per lakh p.a. on total project cost till completion of project (i.e. ₹10,000/- per crore) subject to maximum of ₹7.50 lakh p.a.)

    B. SECURITY AGENCY FEE (TO BE CHARGED ONE TIME)

    For creation of security charged on behalf of lender members

    ₹ 100.00 per Lakh on total project loan (i.e. ₹ 10,000/- per crore) subject to maximum of ₹ 5.00 lakh.

    In case of change in security/lenders, requiring modification in creation/ extension of mortgage/ other securities,

    Additional 50% of the said fees are to be levied.

    Further, in cases, where both the assignments i.e. Project monitoring and Security Creation are handled by our bank as a package, charges/fee be recovered,

    As stipulated above subject to maximum of ₹ 10.00 Lakh as a package deal, in the first year, in such cases.

    Subsequently, project Implementation & Monitoring fee be recovered on annual basis till completion of the project.

     

    10.15

    Processing Charges/ Upfront Charges/ Other Charges etc. for Advances to Honourably Retired Employee

    50% of applicable charges in respect of Honourably Retired Employees of our bank/ Widows of Honourably Retired members of Staff.

     

    NOTE: The term Retired Employee includes the employees retired honourably or leaving bank’s service including voluntary retirement or otherwise but does not include an employee retired compulsorily or in consequences of disciplinary action.

    10.16

    Pre-Payment / Foreclosure of Loan in Case of Take Over i.e. Loan is Prepaid by the Non-Individual Borrower for Shifting to Other Bank / FI

    Pre-payment charges @ 4% of the pre-paid outstanding amount. However, no prepayment charges are to be levied in the following cases:

    • MSE Borrower
    • Floating rate term loan (Non Business) sanctioned to Individual Borrower.
    • Loans sanctioned at fixed rate with reset clause, if the borrower exercises his option for floating rate interest at the time of reset.
    • Where the loans are prepaid by the borrowers from their own sources 
    • Where the borrower shift to other bank within 30 days from the date of issuance of circular for upward revision in the rate of interest to be charged in his account or change in other terms of sanction.
    • Where the closure of loan is on the instance of the Bank on account of size of irregularity, possibility of default in future or any other technical or other specific reasons.

    10.17

    Additional Rate of Interest and Penal Charges

     

    Nature of charge

    Quantum of Penal charge

    FINANCIAL PARAMETERS

    Default in repayment of dues including Principal, interest service charges, retirement of bills etc.

     

    Sanction Amount

    Penal Charges

     Up to ₹ 30000.00 (financed for  less than 24 months)

     NIL

    Above ₹ 30000.00

    2.00 % on the amount of default

     

    In respect of Agriculture Term Loans Penal Charges will not apply up to 3 months from due date of default

     

    Penal charge is to be charged only on delayed payments (instalment and/or interest) for the overdue period and not on the entire liability. Penalty shall be charged for the actual number of days of default.

    Irregularities in Cash Credit/ Overdraft accounts

    2.00% from the date of default or interest /service charges not paid in time on irregular amount.

     

    Penalty for excess of drawing power /sanctioned limit (including expired limits)

    2.00 % on the overdrawn portion till the account is regularized. Penalty shall be charged for the actual number of days of overdrawing.

     

    Export Bill if not paid on due date; will be subjected to penal interest rate for overdue period till realization.

     

    Advance allowed against Usance export bill payable certain number of days after sight will have due date of usance period plus transit period of 25 days plus grace period where applicable.

     

    2.00% will be penal charges applicable for overdue if not paid on such due date.

    NON-FINANCIAL PARAMETERS

    Nature of charge

    Quantum of Penal charge

     

    Non-perfection of security as per stipulated time of sanction terms & conditions.

    1.00 % for delay in creation of Mortgage or Charge on the security.

    Non-submission of stock statements

    2.00% Penal charges shall be applied on after due date of stock statement on outstanding liabilities.

     

    Non-submission of financial data; for review/renewal of credit facilities

    2.00% p.a on the on the entire liability of the party for the delayed period (except exempted category as per policy guidelines)

    Non-submission of information in MSOD/FFS/QRS discipline

     

    • 1.00% on the Fund Based liability for delayed/non-submission in respect of existing accounts as well as fresh sanctions for the delayed period.
    • 0.25% on the Non Fund Based liability subject to a cap of ₹ 1.00 lacs per month for parties who enjoy exclusive NFB limits.
    • Where party is enjoying both FB & NFB limits, penalty shall be 1.00% FB liability and 0.25% on the NFB liability as above shall be charged.

    Non-compliance of sanction Terms & Conditions

    2.00% of default in observance of terms & conditions of the sanction.

    Non-co-operation of appointment of ASM in eligible accounts

     

    2.00% on the outstanding shall be stipulated in the next sanction/review/renewal besides declaring their name as non-cooperative, as per policy guidelines.

    Non-submission of external rating by eligible borrower

     

    The percentage shall be at the Bank’s discretion and decided on outstanding for the evasion period.

         

     

    10.18

    Concession Amount to be Recovered in Case of Takeover of the Account

    In case of account is being taken over by the other bank/FI, in addition to levying prepayment charges, all the concession/relaxation/waiver in the service charge, ROI etc. granted since last sanction/review/renewal of the facility or sanction accepted by the borrower with such clause, whichever is earlier, in the account shall be withdrawn and respective amount shall be recovered from the borrower. The same clause shall invariably be incorporated in the sanction letter & acceptance of borrower in this regard shall be obtained & kept on record.

    1. MISCELLANEOUS EXPENSES

    11.1

    Out of Pocket Expenses

    All out of pocket expenses such as Registration / Modification /Satisfaction of charges shall be collected from the beneficiary, unless otherwise specified.

    11.2

    Credit Information Report (CIC) Charges (i.e. TU CIBIL, CRIF High Mark, Experian, Equifax)

     

    Segment                                        

    Charges

    Consumer

    @ ₹ 50/- per CIC

    Commercial

    @ ₹ 800/- per CIC

    Priority Sector Loans up to ₹ 25000/  

    No Charges shall be recovered

     

    11.3

    NeSL Charges

     

              Submission                 

     

    Service Type

     Companies

     

    Other Commercial Entities

    Individuals

     

    Data Submission per Loan record of a borrower for each year

    Charge per loan/debt records of a borrower  for first year-:

    Loan Record Duration

    Charges per

    Record

    1st

    ₹. 300/-

    2nd to 10th

    ₹. 100/-

    11th onwards

    ₹. 50/-

    Annual Renewal charges per loan/debt records of a borrower-:

    Loan Record Duration      

    Charges per

    Record

    1st                    

    ₹. 250/-

    2nd to 10th  

    ₹. 100/-

    11th onwards

    ₹. 50/-

     

    Charge per loan/debt records of a borrower  for first year-:

    Loan Record Duration

    Charges per

    Record

    1st

    ₹. 150/-

    2nd onwards

    ₹. 50/-

     

    Annual Renewal charges per loan/debt records of a borrower-:

    Loan Record Duration

    Charges per

    Record

    1st

    ₹. 125/-

    2nd onwards

    ₹. 50/-

     

    All loan records submission:

     

    ₹ 25/- per Loan records valid for first 5 years.

     

     

     

     

     

     

     

     

     

     

    GST at applicable rate will be recovered in addition to the above charges.

     

    11.4

    CERSAI Charges

     

    Segment

    Charges

    Creation or modification of Security Interest in favour of secured creditor

    1. Up to ₹5.00 lakh -₹50/-
    2. Above ₹5.00 lakh-₹100/-

    Any application for information recorded / maintained in the Register by any person (CERSAI Search)

    ₹10/-

    Satisfaction or Correction of any existing security interest

    NIL

     

    11.5

    LSR / NEC Charges

     

     

     

     

     

     

     

     

     

     

    Exposure

    Maximum Charges per property*

     

    Metro

    Urban & Semi-urban

    Rural

    Up to ₹ 1.00 crore

    ₹ 3000/-

    ₹ 1500/-

    ₹ 1000/-

    Above ₹ 1.00 crore

    ₹ 4000/-

    ₹ 2500/-

    ₹ 1500/-

    *Plus actual out of pocket expenses to be recovered from borrower.

     

    11.6

    Mortgage Charges

    LIMIT

    Charges

    Up to ₹ 10 Lakh

    @0.001%

    Max ₹ 2000/-

    Above ₹ 10 Lakh and up to ₹ 1.00 Cr

    @0.075%

    Min ₹ 2000/-

    Max ₹ 7500/-

    Above ₹ 1.00 Cr

    @0.050%

    Min ₹ 7500/-

    Max ₹ 35000/-

     

     

    11.7

    VALUATION FEES

    A)Valuation fees for property including Machinery - Retail/Agriculture advances:

    Value parameters

    Amount to be recovered towards professional fees from borrower.

    Up to Rs.10 lakhs

    Rs.3300/- + GST

    Rs.10 lakh/- to Rs.25 lakhs

    Rs.4400/- +GST

    Rs.25 lakhs to Rs. 50 lakhs

    Rs.5500/- +GST

    Rs.50 lakhs to Rs.1 crore

    Rs.8250/- +GST

    Rs.1 crore and above

    Rs.11000/- +GST

    B)  Valuation of properties for other than Retail/Agriculture advances – Including Plant & Machinery

    Value Parameters

    Amount to be recovered towards professional fees from borrower

    Up to Rs.10 lakhs

    Rs.3300/- + GST

    Rs.10 lakh/- to Rs.25 lakhs

    Rs.4400/- +GST

    Rs.25 lakhs to Rs. 1 crore

    Rs.7700/- +GST

    Rs.1 crore and above

    Rs.11000/- +GST

    Above Rs.10 crores to Rs.25 Crores

    0.0125%+GST+ 10% on actual fee or Maximum Rs.30000 + GST+10% on actual fee.

    Above Rs.25 Crores

    0.0125%+GST+ 10% on actual fee  or Maximum Rs.50000+ GST+10% over actual fee

     

    11.8

    Levy of Cash Order / Draft / RTGS / NEFT Charges While Disbursing Term Loan

    While issuing instruments for remittance of funds directly in favour of supplier, for disbursement of term loan, no charges are to be recovered for issuance of Pay Order/Draft/RTGS/ NEFT/other mode.

     

    1. CONCESSIONAL/ EXEMPTED CATEGORIES

    12.1

    Loyalty Bonus To Privileged Borrower

    • Loyalty Bonus: 25% concession in applicable service charges by respective sanctioning authority to Privileged Borrower.

     

    Definition of Privileged Borrower:

     

    Existing borrower of our bank availing business loan for last 10 years under sole / Multiple / Consortium banking with satisfactory conduct* of account.

     

    *Satisfactory Conduct of the account means:

     

    • Internal rating of the borrower is not below CBI 4 since last 3 years
    • Borrower does not fall under SMA-1/SMA-2 category since last 3 years.
    • Borrower was not in NPA category since inception.

     

    NOTE:

    1. Concession to Privileged Borrower shall not be applicable in following cases:
    • Concession already given under any schematic/customized loan scheme
    • Retail Loans
    • Any concession already given by respective/higher sanctioning authority

     

    12.2

    Concession to MSME Borrower in case of Applications Received through PSB Online Portal

    20% Concession in Processing/ Upfront fee will be given in case of applications received through PSB online portal in respect of MSME category of borrowers to promote the digital platform (i.e. psbloansin59minutes.com which promotes the automation and digitization of various processes of Business Loan).

    12.3

    Other charges for using services of PSB loans portal

    Actual charges for utilising other services of the portal viz. digital monitoring etc. are to be recovered from the customers.

             

     

     

    1. FOREX

    S No

    Particulars

    Charges

    1. EXPORT

    1.1

    Bill Purchased / Discounted / Negotiated/ Collection / Consignment Exports / Advance Payment Basis (including Export to Warehouse, Merchanting Trade, Deemed Export, Service or Software Export, Regular Export, etc.)

    For BL/AWB/PP/PR – Bill pending for realisation

    Flat charges of Rs 1000 irrespective of bill amount

     

    For BL/AWB/PP/PR – Advance Payment Received

    Flat charges of Rs 250 irrespective of amount

    For Courier Receipt / e-commerce

    BILL AMOUNT

    CHARGES*

    (In Foreign Currency / In Rupee Export equivalent to USD)

    Any amount

    ₹ 250/- per Bill

    *Including e-BRC charges

    NOTE: The above rates shall be applicable for maximum up to 5 Shipping Bills. For over and above 5 shipping bills, ₹ 500 per shipping bill will be charged in addition to above charges.

    1.2

    Forwarding Export Documents to Another Bank Due to Reasons such as LC Being Restricted to later or the LC has been Confirmed by that Bank

     

    ₹ 1500/- flat per Bill plus out of pocket expenses, if any on actual basis

    1.3

    Reimbursement charges for all type of Export Bills

    ₹ 1000/- per claim

    1.4

    For Joining Customer's Guarantees and Giving Guarantees and For Giving Guarantees / Indemnities on Behalf of Customers to Other Banks in India in Respect of Discrepancies, etc. in Documents Negotiated Under L/C

     

    0.25% of the bill amount with a min of ₹1000/- per bill plus out of pocket expenses, if any on actual basis. Maximum ₹25000/-

    1.5

    Export Bill Overdue Charges

    ₹500/- per bill per month

    (To be recovered from due date on upfront basis)

    1.6

    Certificates / Attestation Charges in Respect of Export Transactions (Not Specified Elsewhere)

    Per certificate/ Invoice

    Issuance of Certificate                                         

    ₹ 200/-

    Attestation of any document including invoices 

    ₹ 100/-

     

    1.7

    Additions for Export Transactions- To be recovered manually

    Where Pre-shipment advance has been granted by our bank against LC/Export order but the documents under the relative LC/Export orders are negotiated through another bank

    Commission in lieu of Exchange@ 0.10%

    Min ₹ 2000/-     Max  ₹ 25000/-

    Export bill sent for collection and the payment is received in Ruppes through another bank in India

    Commission in lieu of Exchange@ 0.10%

    Min ₹ 2000/-      Max  ₹ 25000/-

    Where PCFC loan is utilized for payment of Import bills (without reporting to Dealing Room)

    Commission in lieu of Exchange@ 0.10%

    Min ₹ 2000/-     Max  ₹ 25000/-

    Application to RBI/ECGC for extension of time for realization of Export proceeds beyond prescribed period (submission of ETX Form)

    ₹ 1000/- per application

     

    HANDLING OF EXPORT LETTER OF CREDIT

    1.8

    Advising Charges

    ₹ 1000/- per LC for our bank’s customer

    ₹ 2000/- per LC for other bank’s customer

    1.9

    Amendment charges on Advised Export LC

    ₹ 500/- per amendment for our customers

    ₹ 1000/- for other bank’s customers

    1.10

    Confirmation/Commitment charges on Advised Export LC

    a. Commitment Charges

    b. Usance Charge

    • Bills up to 10 days sight
    • Bills over 10 days and up to 3 months
    • Bills over 3 months and part thereof
    1. Commitment charges from date of adding confirmation till date of expiry of LC @ 0.15% per quarter or part thereof. Min Rs.750/- plus
    2. Sight 0.15% flat. Min Rs.1250/-

     

    Usance charges according to tenor of bill @ 0.25% per quarter or part thereof

     

    For both the above minimum commission for one quarter to be recovered Min Rs.2000/-

    1.11

    Acceptance commission for accepting Usance drafts to be Drawn on or accepted by banks in India.

     

    0.15% p.m. with Min. of ₹ 1500/-

    1.12

    Foreign Bank Charges (For LC Advising/Amendment where charges are to be recovered from foreign bank)

     

    US $ 75 per LC

    1.13

    Transfer of Advised Export LC

    ₹ 1000/- for each transfer

    OTHER MISCELLANEOUS CHARGES ON EXPORT BILL

    1.14

    Approvals

    Uniform charges of ₹ 1500/- for all following approvals:

    Write-off of Export Bill (per bill)

    Specific Approval of Foreign Banks (per reference)

    Approval of opening/hiring of Warehouse (per approval)

    Renewal of opening/hiring of Warehouse (per renewal)

    Processing Charges of application sent to RBI for approval of exports of goods on Lease/Hire (Per application)

    EDF approval for:

    • Trade fair/Exhibition participation (Per approval)
    • Re-import of exported goods (Per approval)

    EDF waiver certificate issuance charges (per EDF)

     

    1.15

    Non Submission Charges

     

    PARTICULARS

    CHARGES

    • Follow up with exporter in case of documents not submitted when advance payment already credited to exporters (per o/s payment per qtr.)

     

    • Regularization charges of Late submission of documents to AD branch as prescribed by RBI (Per Bill)

     

    Submission of Export documents after 21 days from the date of Shipment will be treated as late submission

     

     

     

     

     

     

    ₹500/

     

    1.16

    Other Charges on Export Bill

     

    PARTICULARS

    CHARGES

    Export Bills returned unpaid*

     

    ₹500/

    Delinking Charges (per Bill)

    EXTENSION OF DUE DATE OF BILL*

    • Under AD Power
    • Under RBI Power

     

     

    ₹500/-

     ₹1000/-

    NOC for discounting with other bank (per NOC)

    ₹1000/-

    Commission on Export set off against Import payment

    As applicable to export & import leg of transaction

    *(Per returning plus out of pocket expenses, if any on

       actual basis)

     

    Remittances charges on advance receipt for exports (part or full)

    (advance remittance charges)

    At the time of part / full receipt and credit to customers account:

    ADVANCE RECEIPT

    Up to USD 25000

    Flat ₹1000/-

    Above USD 25000

    Flat ₹2000/

     

     

    2. IMPORTS

    2.1

    Import Letter of Credit/ Revolving Letter of Credit /Letter of Credit Covering Imports of Goods on Deferred Terms

    Commitment charges also similar to usance charges i.e. part of a month should be construed as a completed month. (charges for the period of liability from the date of opening of credit to the last date of opening of its validity @ 0.25% for every period of 3 months or part thereof with minimum of ₹ 500/-)

    Amount

    Charges (Min. ₹1200/- per LC)

    Up to ₹5.00 crore

    0.12% per month

    Above ₹5.00 crore to ₹25.00 crore

    50%* of charges at S. No. a)

    (On incremental value)

    Above ₹25.00 crore

    25%* of charges at S. No. a) (On incremental value)

    LC established against 100% cash deposit as Security

    25% of Normal charges mentioned at S. No. a), b) and c)

    However the deposit must be at Card rate

    *For individual Transactions, concession is to be extended on the incremental value.

    NOTE:

    The period is to be calculated from the date of opening LC to the last date of its validity + Usance period of bill and part of a month should be construed as a completed month. For sight LC, validity of LC+1 month.

     

    FOR EXAMPLE, If a LC of ₹30.00 crore is to be opened, normal commission up to ₹5.00 crore plus one half of the normal commission for ₹20.00 crore plus one fourth of normal commission on balance ₹5.00 crore.

    Postages/Courier charges: ₹ 1000/-

    2.2

    Amendment in Import Letter of Credit

     

    Extension of validity period/Change in Usance Period

    As per Para 2.1

    Enhancement in value of LC

    REVIVAL OF EXPIRED LCS

    Any revival or reinstatement of an expired LC shall be at the option of the bank but within 1 month from the date of expiry and shall be subject to recovery of normal charges (as mentioned at Para 2.1) from the date of expiry up to the validity period of the revived letter of credit.

     

    2.3

    Commission on Import Bills - Under L/C

    1.  

    FCY bills at the time of crystallization or retirement whichever is earlier.

    • 0.10% per Bill
    • Min. : ₹ 1500/-
    • Max.: ₹15000/-

    b)

    FCY import bills received under LC where no Exchange benefit accrues to the Bank.

    • 0.15% per Bill
    • Min. : ₹ 1500/-
    • Max.: ₹25000/-

    c)

    If bills are not retired within 5 Banking days from the date of receipt of bills in case of demand bills and on the due date in case of Usance bills.

     

    Flat ₹500/- per default.

    (including Interest claimed by foreign bank if any)

    d)

    Discrepancy charges in case of non-confirming documents under LC to be mentioned at the time of LC opening.

    • USD/EUR/GBP - 100/-
    • JPY - 10000/-
    • For other currencies equiv. to USD 100/- (to be recovered from LC negotiating bank / beneficiary)

    2.4

    Commission On Import Bills – Not Under L/C

    1.  

    On each bill drawn in FCY

    • 0.10%
    • Min.: ₹ 1500/-
    • Max.: ₹ 15000/-
    1.  

    On each bill drawn in INR

    • 0.15%
    • Min.: ₹ 1500/-
    • Max.: ₹ 20000/-
    1.  

    For Foreign Currency import bill required to be forwarded to another bank required for remitting proceeds to the remitting bank abroad.

    Handling charges of ₹ 2000/- per bill plus out of pocket expenses, if any on actual basis

    1.  

    Countersigning / Co-acceptance / Availisation of Import Bills

    0.10% p.m. for the tenor of bills subject to a minimum of 0.25%

    1.  

    Custody charges for overdue import bills (To be charged on upfront basis)

    ₹ 150/- per month or part thereof for each bill, if the bill is not paid within 10 days from the due date / date of presentation.

    1.  

    Returning Charges of Import Bills

    ₹ 1000/ plus amount claimed by foreign bank plus out of pocket expenses, if any on actual basis.

    1.  

    Follow-up of Pending Bill of Entry/Evidence of Import

    ₹ 200/- per bill per month to be charged on upfront basis.

     

    NOTE:

    Submission of Bill of Entry shall be considered as pending if the Bill of Entry is not submitted within 90 days from the date of Remittance.

     

     

     

     

     

     

     

     

     

     

     

    Import Transaction (To be recovered manually)

    In case of altering of Tenor of the Bill of Exchange

    Appropriate additional Usance charges (as per point no. 2.1) on extended tenor to be recovered as charges for issuance of Import Letter of credit with minimum of ₹ 2500/-

    For filing requests with other banks

    ₹ 1000/-

    Commercial information on Indian Campanies to Overseas Banks

    ₹ 1000/-

     

    2.5

    OTHER MISCELLANEOUS CHARGES

    1.  

    Obtaining opinion/credit report of overseas buyer/seller for our Importer/Exporter from Credit Rating Agencies

    Actual paid to outside agency plus out of pocket expenses

    1.  

    Obtaining opinion/credit report of overseas buyer/seller for our Importer/Exporter from Foreign Banks

    Actual paid to Foreign Bank plus Swift Charges + processing charges ₹500/-

     

     

    1.  

    Providing opinion report to foreign Banks on our customers

     

    USD 100 per opinion report to Foreign Bank

    1.  

    Release order for import, pending receipt of Airway documents

    ₹1500/- for each release order.

    1.  

    Remittances charges on advance payment for imports (par or full) (Advance remittance charges)

     

    As per Serial Number a) & b) of Para 2.4

     

    1. FOREIGN BANK GUARANTEES

    3.1

    EXPORT PERFORMANCE GUARANTEE

     

    FOR PROJECT EXPORTS: Which include Bid Bond/ Bond for Earnest Money/ Guarantee for Advance Payment made by Foreign Buyers to Indian Exporters or Contractors/ Export Performance

     

    1. Guarantees covered by ECGC Counter Guarantee

    To the extent of 75%

    0.125% per quarter and part thereof

    To the extent of 90%

    0.12% per quarter and part thereof (Minimum ₹1500/- +ECGC premium per guarantee)

    1. Guarantees covered by Government of India Counter Guarantee

    25% of the normal charges on the amount covered by GOI Counter Guarantee Normal charges on guarantee amount not covered by counter guarantee

    1. Guarantees covered by 100% Cash Deposit

    25% of the normal charges

    1. Guarantees not covered by cash deposits or ECGC/GoI Counter Guarantees

    0.30% per quarter and part thereof minimum ₹ 1500/-

     

    3.2

    Deferred Payment Guarantees Covering Imports of Goods into India/ Repayment of Foreign Currency Loans

    0.50% per quarter or part thereof for the specified period of liability calculated on the amount of liability under such guarantee at beginning of every quarter with a minimum of ₹1500/-. Minimum charges for a quarter to be charged.

    3.3

    Extension of Validity Period/ Enhancement in Value of Guarantee

     

    Extension of validity period

    As per Para 3.2 &3.3

    Enhancement in value

     

    3.4

    All Other Guarantees (incl. SBLC) Not Specified Elsewhere

     

    FBG

    0.30% per month

    PBG

    0.15% per month

    Subject to Minimum ₹ 1500/- per guarantee.

    1. MERCHANT TRADE

    4.1

    Commission on processing of Import and Export Leg of documents

    Commission as applicable to export & import leg of transaction.

    1. REMITTANCES

    5.1

    Inward/Remittances (Other than Exports)

    Encashment of TTs / purchase of MTs / DDs in respect of which cover has been received in NOSTRO Account:

     

    NRE & NRO A/cs

    Commission not to be charged if proceeds deposited to NRE/NRO accounts maintained in our bank otherwise normal commission to be charged.

    INWARD REMITTANCES:

    Normal Commission for NRE & NRO Accounts – ₹150/- Flat, irrespective of the amount

    Where the inward remittance has to be paid in foreign currency by way of a Demand Draft/ Mail Transfer/Payment Order/ Telegraphic Transfer

    0.10% (Min ₹500/- per transaction and Max ₹5000/-) + Swift Charges

    Inward remittances and FDBC credited to EEFC accounts.

    ₹500/- Flat

    FOBC cheque to EEFC

    0.25% plus out of pocket expenses + Swift Charges; Subject to min. ₹500/-

    E-FIRC Issuance Charges

    ₹500/- Flat

    FIRC issued on Security Paper or Letter Head of Bank

    ₹250/- per Certificate

    Commission on Clean Instruments Sent for Collection Abroad

    Up to ₹5 Lakh

    ₹ 100/- Flat

    Above ₹5 Lakh

    0.10% of the amount (Max.₹5000/-) (Including cost of FIRC/ Courier Charges/ Post)

    Returning of clean instruments sent for collection abroad

    ₹ 500+ out of pocket expenses on actual basis

    Foreign currency instruments sent for collection in India

    As applicable to inland transactions

    Foreign Currency-Notes

     

    Up to

    ₹ 1 Lakh

    ₹100/- Flat

    Above

    ₹ 1 Lakh

    0.10% of the amount (Max. ₹5000/-)

     

           

     

    5.2

    OUTWARD REMITTANCES (Other than Imports)

     

    1. Where the outward remittance has to be made in foreign currency by way of a Demand Draft/Mail Transfer/Payment Order/Telegraphic Transfer/ Swift

    Individual & NRO

    0.10% min 500/- Max. ₹15000/- plus + Swift Charges

    Others

    0.25% Min ₹500/- Maximum ₹ 50000/- plus Swift charges

    NRE/ FCNR

    Free

    1. Outward remittances to the debit of EEFC accounts/ Commission in lieu of Exchange

    EEFC to CA, EEFC to PCFC, EEFC to FCBRD

    ₹ 500/- Flat

    In case of FCYDD (issue) from EEFC and FCY-TT (issue) from EEFC

    0.25% plus out of pocket expenses + Swift Charges. (Subject to min. ₹500/-)

     

    5.3

    Export transactions (to be recovered manually)

    a

    Where pre shipment advance has been granted by our Bank against LC/Export order but the documents under the relative LC/Export orders are negotiated through another bank.

    Commission in lieu of Exchange @ 0.10%

    Min ₹ 2000/-

    Max ₹ 25000/-

    b

    Expoprt bill sent for collection and the payment is received in Rupees through another bank in India

    Commission in lieu of Exchange @ 0.10%

    Min ₹ 2000/-

    Max ₹ 25000/-

    c

    Where PCFC loan is utilized for payment of import bills (without reporting to Dealing Room)

    Commission in lieu of Exchange @ 0.10%

    Min ₹ 2000/-

    Max ₹ 25000/-

    d

    Application to RBI/ECGC for extension of time for realization of Export proceeds beyond prescribed period (Submission of ETX Form)

     

    ₹ 1000/- per application

    5.4

    Import transactions (to be recovered manually)

    a

    In case of altering of tenor of the Bill of exchange

    Appropriate additional usance charges (as per point no. 2.1) on extended tenor to be recovered as charges for issuance on Import Letter of Credit with minimum of ₹ 2500/-

    b

    For filing requests with other banks

    ₹ 1000/-

    c

    Commercial information on Indian Companies to Overseas Banks

    ₹ 1000/-

    1. FORWARD CONTRACTS

    6.1

    Forward Contracts

    For booking of sale & purchase contracts

    ₹ 750/- per sale/purchase contract

    For each request for early delivery / cancellation

    ₹ 750/- plus Swap Cost + Interest @ 1 Year MCLR/ RBLR +3% on outlay of funds

     

    1. CHARGES ON CAPITAL ACCOUNT TRANSACTIONS

    7.1

    Foreign Direct Investment

     

    Call of KYC from Foreign remitting Bank (if not received with remittance)

     

     

    ₹ 5000/- per proposal.

    ₹ 10000/- if remittance received in other bank.

    Submission of FCGPR i.e. on issuance of shares

    Reporting of ESOPs

    ₹ 2000/-

    Reporting of FII/NRI investments under Portfolio Investment Scheme (PIS)

    ₹ 2000/-

    Buyback of FCCB under automatic/approved route

    ₹ 2000/

    FCTRS and other forms in FIRMS

    ₹ 5000/- per proposal.

    ₹ 10000/- if remittance received in other bank.

     

    In case reporting amount is up to USD 1000 (or equivalent in any other currency) Max. ₹ 1000/-

     

    7.2

    OVERSEAS DIRECT INVESTMENT (by Resident in Joint Venture/Wholly Owned Subsidiary aboard- Scrutiny/ Filing)

     

    Fresh permission of Remittance/ ODI Processing Charges

    ₹10000 per proposal ₹20000 per proposal [wherever bank has not earned exchange income (if applicable)]

    First reporting to RBI On - line - i.e. creation of UIN

    Transfer of existing URN/LRN

    ₹15000/-

    Submission of Closure / dissolution of WOS /JV

    ₹5000/-

    Subsequent reporting of remittances under Part II equity/ guarantee etc.

    ₹2000/-

    Updating of APR

    ₹2000/-

    Any other reporting

    ₹1000/-

     

    7.3

    External Commercial Borrowing (ECB)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Processing of application and Form 83 under approved route or for onward submission to RBI for Approval.

    ₹10000/- per application

    Prepayment of ECB

    0.25% (Min ₹500/- & Max. ₹25000/-) + Swift Charges

    ECB 2 - Monthly filing of RBI

    ₹500/- per filing

    Any change or modification in existing ECB under the delegated powers of the AD Branch.

    ₹500/- per change

     

    7.4

    Liaison Office/Branch Office Of Foreign Entity In India (Set Up of LO/BO)

     

    Fresh request for setting up of LO/BO in

    India

    ₹5000/- per proposal

    Subsequent change/ extension/ amendment in terms & conditions / Closure

     

     

    ₹2500/-

    Any other correspondence/ reporting to RBI (like annual activity report, etc.)

     

    7.5

    Project Exports Application For Processing By Bank/RBI

     

    Project Exports Application for     processing by Bank/RBI

    ₹25000/-

    Any Subsequent reporting/ correspondence on delay/ condoning/ compounding /creation of Database of company/Subsequent KYC or other document submissions/Submission of supplementary documents to RBI.

    ₹250/- per submission

    Change In Authorize Dealer

    Acceptance in Change in AD from other Bank to ours

    ₹500/-

    Issuance of NOC for shifting AD to other Bank

    ₹750/-

     

    NOTE FOR PARA 7:

    1. In case of delayed reporting of capital account transactions, additional 25% of normal schedule of charges shall be levied with Min. of ₹ 1000/-
    2. For all capital account transaction stated above, 150% of the normal charges shall be applicable if the request received is under Approval Route.
    3. Foreign Bank / Correspondent charges and out of pocket expenses (if any) shall be charged separately.
    1. OTHER CHARGES

    8.1

    Swift Charges

     

    For LC/BG

    ₹1500/-

    Other message

    ₹500/-

    MT 940 to be sent on behalf of account holder to foreign banks (out of India)

    ₹100/-per message

     

    8.2

    Other Charges

     

    Processing charges for any other application to RBI not specified anywhere

    ₹500/-

    Attestation Charges for application of Importer/Exporter Code

    Postage charges

    Actual out of pocket expenses

     

    9

    VOSTRO/SRVA Accounts

     

    9.1

    General

    Minimum Balance at the time of opening of New Accounts: ₹ 10.00 Lakhs

    Minimum Monthly Average Balance in the Account: ₹ 5.00 lakhs

     

    All other charges will be at par with current a/c charges except following charges.

    9.2

    Export Transactions handled through SRVA account in INR

    (Except Nepal and Bhutan)

    Our customer – @ 0.20% of transaction amount

    Other Bank customer – @ 0.40% of transaction amount

    9.3

    Import Transactions handled through SRVA account in INR

    (Except Nepal and Bhutan)

    Our customer - @ 0.20% of transaction amount

    Other Bank customer - @ 0.40% of transaction amount

     

    9.4

    Account Services

     

     

    Statement of Account by Courier (on request)

    ₹ 2,500/- + Applicable GST + Courier Charges

     

    Statement of Account through e-Mail (on request)

    ₹ 1,000/- + Applicable GST (per request)

     

    Issuance of Duplicate Statement

    ₹ 1,000/- + Applicable GST (per request) + SWIFT / Courier Charges + Out of Pocket Expenses

     

    Investigation / Queries

     

     

    Up to Six months from the date of transaction

    Waived

     

    Over Six months but up to One year from the date of transaction

    ₹ 1,000/- + Applicable GST

     

    Over One year from the date of transaction

    ₹ 2,500/- + Applicable GST

    9.5

    Payments (Incoming)

     

     

    1. Credit into Vostro / SRVA for funding through following modes –

     

      1. Funding in freely convertible foreign currency
      2. Transfer from other SRVA for funding
      3. Transfer from SRVA of other Bank of same country
      4. Transfer of maturity proceeds of investment

    Waived

     

    1. Commercial Incoming Payments

     

      1. Transaction charges debited based on charge code – (SHA/OUR)
    • Up to INR 1 Mio (10 Lakhs): ₹ 1,000/- + GST
    • Above INR 1 Mio (10 Lakhs): ₹ 2,500/- + GST

     

      1. For Export – Transactions handled in INR (MT 103/202 Trade Transactions)
    • Our Customer – @0.20% of transaction amount (Min. ₹1,000/- and Max. ₹3,00,000/-
    • Other Bank Customer – @0.40% of transaction amount (Min. ₹2,500/- and Max. ₹10,00,000/-

    9.6

    Payments (outgoing)

     

    1. Debit into Vostro / SRVA for own use

     

    1. Repatriation in freely convertible currency
    2. Transfer to other SRVA
    3. Transfer to SRVA of same / other country
    4. Transfer for permitted investments
    • Up to INR 0.1 Mio (1 Lakh): ₹ 1,000/- + GST
    • Above INR 0.1 Mio (1 Lakh): @ 1.65% of transaction amount (Minimum ₹ 2,000/- & Maximum ₹ 50,000/-) + GST

     

    1. Commercial Outgoing Payments

     

    For Import: Transactions handled in INR (MT 103/202 Trade Transactions)

    • Our Customer – @0.20% of transaction amount (Min. ₹1,000/- and Max. ₹3,00,000/-
    • Other Bank Customer – @0.40% of transaction amount (Min. ₹2,500/- and Max. ₹10,00,000/-

    9.7

    OTHERS

     

    Courier Charges (Foreign)

    ₹ 2,000/- + GST

     

    Courier Charges (Local)

    ₹ 200 + GST

     

    SFMS Charges (Domestic Communication)

    ₹ 300/- + GST

     

    Out of Pocket Expenses

    On actual basis

     

    Repair Payment instruction/ Cancellations

    ₹ 1,000/- + GST, per Repair / Cancellation

     

    GST

    Present rate of Tax – @18%

    1. OTHER SERVICES FOR TRANSACTIONS IN INR

    9.8

    ADVISING – DOCUMENTARY CREDITS

     

    Advising Commission (without engagement on our part) –

     

    Our Bank Customers

    ₹ 1,000/- per LC

     

    Other than our Bank Customers

    ₹ 2,000/- per LC

     

    Advising Amendments (without engagement on our part) –

     

    Our Bank Customers

    ₹ 500/- per amendment

     

    Other than our Bank Customers

    ₹ 1,000/- per amendment

    9.9

    ADVISING - GUARANTEES

     

    Advising Commission (without engagement on our part) –

     

    Our Bank Customers

    ₹ 1,000/- per BG/SBLC

     

    Other than our Bank Customers

    ₹ 2,000/- per BG/SBLC

     

    Advising Amendments (without engagement on our part) –

     

    Our Bank Customers

    ₹ 500/- per amendment

     

    Other than our Bank Customers

    ₹ 1,000/- per amendment

    GENERAL GUIDELINES / INSTRUCTIONS FOR RECOVERY OF CHARGES:

    1. Charges mentioned in the chart are mandatory and shall be recovered in accordance with the prescribed scale laid down. No deviation is permissible unless approved by the competent authority as mentioned hereunder in the note.
    2. Charges shall be recovered upfront, unless as specified in the chart itself for recovery of commission back ended or in instalments.
    3. The branches shall not refund the commission collected by them on letter of credit, guarantees and other Forex transactions, unless otherwise provided in the schedule or approved by competent authority.
    4. Out of pocket expenses, such as correspondent Bank charges, postage, courier, communication charges/SWIFT charges including expenses incurred to secure the bank’s and customer’s interest etc., shall be recovered from customers in respect of all foreign exchange transactions, in actual.
    5. Stamp duty under Indian Stamp Act or Stamp Act of various states on Forex transactions, wherever applicable, shall be borne by the customer.
    6. Besides the scales of charges, prescribed in the schedule, interest on outlay of fund shall be recovered from the customers on all Foreign Exchange transactions, wherever applicable.
    7. The schedule of charges as per schedule shall also be applicable for transactions undertaken on behalf of overseas banks/ parties.
    8. Forex transactions on account of staff members / retired staff members for personal purpose only may be allowed free of charges.
    9. For calculation of commission quarter means ‘90 days’ and month means ‘30 days’.
    10. In case of inward remittance, for credit to NRE/NRO/FCNR and FCRA accounts, no commission should be charged.
    11. Special attention has been given on the foreign remittances made out of education loan for studies abroad. A NIL charges have been approved for such remittances to market education loan from our bank.
           

     

    1. GENERAL BANKING

    S No

    Particulars

    Charges

    1. MAINTENANCE OF LEDGER ACCOUNTS

    1.1

    Minimum Balance Requirement and Charges for Not Maintaining Minimum Balance in the Account

    Prathamik Bachat Bank Jama Khata & Cent Muskan: All category of Branches – No minimum Monthly Minimum Balance (MMB)

     

    SAVING ACCOUNT:

    Monthly Minimum Balance (MMB)

    Area

    Min. MMB

    Initial Deposit

    Rural

    ₹500/-

    ₹500/-

    Semi Urban

    ₹1000/-

    ₹1000/-

    Urban & Metro

    ₹2000/-

    ₹2000/-

     

    Charges per Month for Not Maintaining Monthly Minimum Balance

    Area

    Rural

    Semi-Urban

    Urban/ Metro

    Amount

    ₹ 34/-

    ₹ 50/-

    ₹ 84/-

     

    CENT PREMIUM SAVING BANK ACCOUNTS

    Monthly Minimum Balance (MMB)

     

    Area

    Min. MMB

    Initial Deposit

    Rural/Semi Urban

    ₹50000/-

    ₹50000/-

    Urban & Metro

    ₹100000/-

    ₹100000/-

     

    Charges per Month for Not Maintaining Minimum Balance

    Area

    Rural

    Semi-Urban

    Urban/ Metro

    Amount

    ₹ 75/-

    ₹ 175/-

    ₹ 334/-

     

    Note: Recovery of minimum balance charge will be proportion to the extent of monthly average account balance shortfall in comparison with the prescribed monthly average balance to be maintained in account.

     

    CURRENT ACCOUNT

    Quarterly Average Balance (QAB)

     

    Area

    Min. QAB

    Initial Deposit

    Rural

    ₹3000/-

    ₹3000/-

    Semi Urban

    ₹3000/-

    ₹3000/-

    Urban & Metro

    ₹7000/-

    ₹7000/-

     

    Charges per Qtr. for Not Maintaining Minimum Balance (QAB)

    Charges

    Rural/Semi-Urban

    Urban/ Metro

    ₹200/-

    ₹600/-

     

    VARIANT OF CURRENT DEPOSIT:

     

    Minimum Quarterly Average Balance (QAB)

    Variant

    Min. QAB

    Initial Deposit

    Cent Silver

     ₹50000/-

     ₹ 50000/-

    Cent Gold

    ₹200000/-

    ₹ 200000/-

    Cent Diamond

    ₹500000/-

    ₹ 500000/-

    Cent Vyavsaay

    ₹ 2000/-

    ₹ 2000/-

     

    Charges per Qtr. for Not Maintaining Minimum Balance (QAB)

    Charges

    Rural/ Semi-Urban

    Urban/ Metro

    Cent Silver/Gold/

    Diamond

    ₹300/-

    ₹600/-

    Cent Vyavsaay

    ₹ 100/-

     

    Note: Recovery of quarterly balance charge will be proportion to the extent of quarterly average account balance shortfall in comparison with the prescribed quarterly average balance to be maintained in the account.

    These premium accounts will be reviewed as on last day of every quarter and if QAB is not maintained during two consecutive quarters then such account will be converted into normal current account and QAB will be recovered as applicable to Normal current Account and all benefits, facilities will stand withdrawn.

    NOTE:

    • QAB of ₹100/- is required for Self Help Group accounts (irrespective of location of branch)
    • Charges as above shall be levied for non-maintenance of minimum average balance quarterly.
    • Frequency of charging Qtly charges shall be April/July/October/January.

    1.2

    Duplicate Passbook / Statement

    Pass Book/ Statement – Non-Individuals & Individual (All Branches)

     

    With latest Balance only

    ₹100/-

    With previous Entries

    ₹2/- per entry, Min ₹100/- Max. ₹1000/-

    NOTE:

    • Issuance of new passbook shall be free of cost.
    • For CA/CC/OD: One statement of account per month free.
    • In case customer requests for statement through M-Banking / I-Banking /through e-mail & In case of Flexi deposit accounts (Saving & Current) charges shall be NIL.

     

    Statement of Account with Shorter Frequency (For CD/CC/OD Accounts only): Customer to register e-mail login and utilize Net-Banking facility for downloading statement.

    1.3

    Incidental / Ledger Folio / Account Maintenance Charges (Operative Accounts beyond Free of Charge Permissible Entries)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Free Folio Allowed in Current Account

     

    Quarterly Average Credit Balance (in Current account)

    Up to ₹25,000/-

    NIL

    Above ₹25,000/- up to ₹50,000/-

    2

    Above ₹50,000/- up to ₹1,00,000/-

    4

    Above ₹1,00,000/- up to ₹2,00,000/-

    7

    Above ₹2,00,000/-

    No Limit

    For accounts maintained in computer, 40 entries or part thereof is treated as one ledger folio.

     

    Charges beyond free limit

    SB Account

    ₹ 2/- per entry in excess of 40 debits permitted in half year in SB account (for non-cash transaction excluding bank induced/ ATM/ i-Bank)

    CA/ Cash Credit/ Overdraft

    ₹ 2/- per entry subject to Min ₹100/- Max. ₹1000/-

    (no free folios in OD/CC Accounts)

    Charges On Excess Debits in Account

    Basic Savings Bank Deposit Account (BSBD)

    ₹ 5/- per debits in excess of permitted 6 debits in a month

     

    1.4

    Cheque Book Issuance Charges

    SB & PRATHAMIK BACHAT BANK JAMA KHATA

    CTS-2010 Standard Cheques

    Non-Individuals/ Individuals

    Personalised request through

    (a) Digital Mode

    ₹3/- per leaf

    (b) Branch

    ₹4/- per leaf

    Non- Personalised

    ₹ 5/- per leaf

    Free Cheque Book:

    SB A/c: One Cheque book of 20 Leaves free in a Financial Year

    BSBD Account:20 Cheque Leaves Free in a Financial Year

     

    CENT PREMIUM FREE LEAVES:

    Rural

    Semi Urban

    Urban

    Metro

    60

    100

    150

    200

     

    Variant

     

    Cheque Book over and above free will be charged as per rate applicable to normal current a/c as given above.

    Cent Silver

    200

    Cent Gold

    500

    Cent Diamond

    100

    Cent Vyavsaay

      50

     

    1.5

    Standing Instructions

     

    Particulars

    Charges

    Registration of SI

    Within the Bank: NIL

    Inter Bank : ₹50/- per instruction

    Execution of Standing Instruction / remittance to other institutions viz. LIC premium etc.

    Within the Bank : NIL

    Inter Bank :  ₹50/- per instruction plus Remittance charges plus actual postage

    Non Execution of SI (due to insufficiency of Funds) Applicable to all types of transactions

    ₹100/- per transaction plus Remittance charges plus actual postage

     

    1.6

    Stop Payment Instructions

     

    Particulars

    Charges

    SB Accounts

    ₹100/- per instrument, Range of Cheque ₹400/- (range of 3 and more cheque)

    CD/CC/OD Accounts

    ₹200/- per instrument, Range of Cheque ₹600/- (range of 3 and more cheque)

    Cent Vyavsaay

    Free

    NOTE:

    • To be levied only once i.e. at the time of accepting the instructions for stop payment and no charges be levied while actually returning such instruments through clearing.
    • No charges shall be levied if stop payment instructions made through registered Internet Banking

    1.7

    Cancellation / Revocation of Stop Payment Instructions

     

    SB Accounts

    ₹20/-per instrument; Maximum ₹200/- per instruction

    CA/CC/OD Accounts

     

    1.8

    Penalty Charges for Depositing Delayed Instalment Recurring Deposit Account

    ₹ 1/- per 100/- pm irrespective of periodicity of deposits.

     

    NOTE:

    Benefit of waiving penalty for delayed payments against payment of equal number of advance instalments in Recurring deposit account is not available. However, the Interest should be paid at applicable rate after deducting penalty charges

     

    1.9

    Closure of Account

     

    Particulars

    Charges

    A. Account Closed within 14 days from the opening of account

    No Charges

    B. Accounts closed after 14 days but within 12 months of opening

    RD Account

    ₹100/-

    Savings Bank account

    ₹300/-

    Current Accounts

    ₹600/-

    Accounts closed after 12 months

    Nil

    NOTE:

    • No account Closure charges on account of Death of the customer.
    • Transfer of account from one branch to another branch of the Bank shall not be considered as closure of account, hence no charges will be recovered. Similarly opening of another account in the joint names after closing the existing one and payment in the deceased depositor account shall not be considered as closure of account.
    • If the customer is not happy about his/ her choice of SB/CA a/c or services provided by the bank, he/ she may within 14 days from the opening of account, approach the bank to switch to any of our other accounts. Alternatively, he / she may ask for refund of the amount which will be given back to him / her with any interest it may have earned. The bank will not levy any service charge for closure of the account within 14 days from the date of making the first payment into the account.

     

    1.10

    Operation in the Account

    Particulars

    Individuals

    Non - Individuals

    Registration / Allowing operations through registration of Power of Attorney

    ₹ 500/- all customers

    ₹ 1000/-

    Change of Authorized Signatory/ Operational instructions in the account/ Recording reconstitution

    NIL

    ₹ 200/- per occasion

     

    NOTE:

     No charges in case of death of existing signatory/ account holder

    1. REMITTANCES

    2.1

    Issuance of Demand Draft

     

    Up to ₹10000/-

    ₹50/-

    Above ₹10,000/-

    ₹4/- per thousand or part thereof, Minimum ₹50/-, Max. ₹15000/-

    Against tender of Cash (Below ₹50000/-)

    @50% of over and above normal charges (as mentioned above)

     

    2.2

    Issuance of Duplicate Draft / Revalidation of Draft / Cancellation of Drafts / Other Instruments

    DEMAND DRAFT/OTHER INSTRUMENT

     

    Revalidation

     

     

    ₹100/- per instrument

    Cancellation

    Issuance of Lost Instrument(s)

    Issuance of Duplicate Draft

    Against tender of Cash (Below      ₹ 50000/-) for any mode of Remittance

     

    ₹ 250/- per instrument

     

    NOTE for Para 2.1 and 2.2:

    • No charges shall be levied for issuance of Drafts favouring beneficiaries on account of disbursement of Term Loans/ Retail Loans/ Housing Loans.
    • Credit/ Deposit Scheme (including NO Frill account) specific concessions would continue as mentioned specifically in the concerned Scheme.
    • No charges to be levied for issuance of demand draft issued for payment of proceeds due to restrictions under income tax act for paying in cash in respect of matured deposit accounts like term deposits and PPF or other such accounts under Govt. run saving schemes.

     

    2.3

    Cheques (Including ECS) / Bills Returning Charges

    LOCAL RETURNING CHARGES

    INWARD RETURNING CHARGES:

    Amount of Cheque

    Charges

    DUE TO INSUFFICIENT FUND

    Up to ₹1 Lakh

    ₹200/-per instrument

    > ₹1.00 Lakh to ₹1.00 crore

    ₹500/- per instrument

    Above ₹1.00 crore

    ₹2000/- for 1st cheque and ₹2500/-per instance from 2nd cheque onwards during the month.

    Interest at applicable rate for number of days Bank remained out of funds (i.e. actual interest@ clean OD is to be charged extra)

    For Other Reason: ₹100/- per instrument

    No charge in case of Technical Fault/ Failure

    OUTWARD RETURNING CHARGES: Cheque/Bills

    a) Through Clearing House

    Up to ₹1.00 lakh

    ₹100/-per instrument.

    Above ₹1.00 lakh

    ₹200/-per instrument

    b) For Presentation Directly at the Drawee Bank

    ₹ 150/- Plus out of pocket expenses or 50% of collection charges whichever is higher.

    OUTSTATION RETURNING CHARGES (Inward /Outward)

    Cheques Up to ₹1.00 lakh

    ₹ 100/- per instrument + out of pocket expenses

    Cheques above ₹1.00 lakh

    ₹ 200/-per instrument + out of pocket expenses

    Bills

    ₹ 200/- + out of pocket expenses or 50% of collection charges whichever is higher.

     

    1. COLLECTION

    3.1

    Collection of Outstation Cheques / Drafts

    Particular

    Charges

    Cheques up to ₹10000/-

    ₹ 50/- per instrument

    > ₹10000/- and up to ₹1.00 lakh

    ₹ 100/- per instrument

    Above ₹ 1.00 lakh

    ₹ 250/- per instrument

    Collection of Local Cheques through Clearing

    No Charges

    • The above charges are all inclusive (other than GST and the applicable cess, if any). No additional charges such as courier charges, out of pocket expenses, etc., should be levied from the customers except in cases where specifically mentioned.
    • Collection charges in case of outstation cheques should be levied on the Gross amount of the instruments.
    • Immediate Credit of Outstation Cheques in accounts of individual account holders:

    Immediate credit of outstation cheques up to ₹15,000/- (on request as per above slab plus actual out of pocket expenses)

    3.2

    Collection of Local / Outstation Bills Outward & Inward {Clean / Documentary / Usance & Supply Bills Including Bills Received Under Inland LC (Excluding Drafts, Cheques Etc.)}

     

    Slab

    Charges

    Up to ₹10000/-

    ₹100/- + Out of Pocket Exp.

    Above ₹10000/-

    ₹10/- per thousand or part thereof + Out of Pocket Exp.; Min ₹100/ Max.- ₹15000/-

    Change of original instructions (IBC/OBC) i.e. Waiving C Form, delivery Free of Payment, Extending retirement time, etc.

    ₹200/- per reference

    Documents received for collection: if required to be delivered free of payment to drawee OR to be returned back as Unrealised

    Normal Collection Charges + out of pocket expenses

    Charges on Inward Collection (Bank to Bank)

    Remittance charges to be collected from the drawee - Where remitting bank has no branch, commission to be shared on 50:50 basis

    • Actual postage/courier charges and any other out of pocket expenses have to be recovered in full from the customers.
    • Collection charges in case of bills should be levied on the gross amount of the instrument.

     

    3.3

    Outstation Returning Charges (Inward / Outward Collection)

     

    As per Para 2.3

    3.4

    Purchase / Discount of Cheques / Bills

    As per guidelines issued from time to time

    3.5

    Collection of Deposit Receipts on Maturity

    Collection of Other Bank’s Deposit Receipts on Maturity

    Bank shall levy charges as applicable to collection of cheques. However, if proceeds are invested in FD for a minimum period of one year then no charges and only out of pocket expenses to be recovered.

    In all cases, postage charges and other out of pocket expenses have to be recovered in full.

    3.6

    Presentation of Usance Bills For Acceptance

     

    ₹100/- per bill +out of pocket expenses

    3.7

    Collection of Interest / Dividend Warrant Directly Received By The Branch

    Dividend Warrants, Interest Warrants, refund Orders for amount up to ₹1000/- are to be collected at par, even they are drawn on other banks and payable at out station centres. Out of pocket expenses like postage etc. are to be recovered in full.

     

    1. CASH HANDLING CHARGES- DEPOSIT-AMOUNT WISE

    4.1

    Saving Bank Accounts