Current Service Charges & Fees

(Effective 01-09-2007)
 Annexure - I :: :: :: :: :: Annexure - II  

Service Charges Annexure - I

 

 

 

Slab

Particulars

Rates
(Present Service Tax @ 12.36% )

 

 

 

A

Collection of Bills : *

 

 

Bills of amounts :

 

 

 

 

 

Up to Rs. 10000/-

Rs. 35/-

 

Over Rs. 10000/-

Rs.5/- per Rs. 1000/- or

 

 

Part thereof Maximum Rs. 1000/-;

 

 *  Note: Postage Rs. 25/- Minimum or actual whichever is higher as also Drawee bank charges extra to be recovered in cases of (A) and (B) above.

 

 

B

DD Issue commission charges (FOR DEHGAM BRANCH ONLY)

 

Up to Rs. 10,000/-

Rs. 10/-

 

Over Rs. 10,000/-

Rs. 1 per Rs. 1000/- or part thereof

 

Outward Clearing Cheques / Outwards Bills:

 

Upto Rs. 1000/-

Rs. 2/-

 

Over Rs. 1000/-

Rs. 1/- per Rs. 1000/- or part thereof. Minimum Rs. 10/-

 

 

 

C

Issue of Duplicate Demand Drafts

Rs. 45/- per instrument

 

 

 

D

Revalidation/ Cancellation of Drafts

Rs.40/- per Instrument
(Except H.D.F.C. Bank)

 

 

 

E

Handling charges for outward Cheques/ Bills returned unpaid [ For reasons other than our Bank's mistake]

 

 

Local Cheques

Rs. 50/-per instrument 

 

Outstation Cheques

50% of prescribed collection charges, minimum Rs. 75/-

 

 

 

F

Stop payment Instructions

Rs. 30/-per instrument

 

 

 

G

Standing Instructions

Rs. 25/- per transaction

 

 

 

H

A/c Closure Charges

Rs. 100/- if a/c is closed before 12 months (except no-frill a/cs)

 

 

 

I

Issue of Duplicate Pass Book

Rs. 25/- per pass book with transaction for the current year only.

 

 

Rs. 20/- per each previous year

 

Issue of Duplicate Statement

Rs.20/- per ledger folio

 

 

 

K

Enquiry relating to old records (if the enquiry is for an item more than 12 months old)

Rs. 20/- per item

 

 

 

J

For issuance of No Dues Certificate

Rs. 50/-per certificate

 

 

 

K

Issue of Solvency Certificate

 

 

Upto Rs. 1/- lacs

Rs. 750/-

 

Above Rs. 1/- lacs & Upto Rs.25/- Lacs

Rs. 1200/-

 

Above Rs. 25/- lacs & Upto R. 50/- lacs

Rs. 2500/-

 

Above Rs. 50/- lacs

Rs. 5000/-

 

 

 

L

Postal Charges :

 

 

Ordinary Post

Minimum Rs. 5/- or actual

 

Registered Post/ Speed Post/ Courier

Min Rs. 25/- or actual

 

Telegram/ Fax

Min. Rs. 30/-  or actual

 

 

 

M

Locker Charges :

 

 

Sr NO

Type of Locker

One Year Rate

Two Year Rate

Three Year Rate

1

A

375

700

1025

2

B

550

1050

1550

3

C

650

1200

1800

4

D

750

1400

2050

5

F

1250

2300

3550

6

G

1300

2400

3600

7

L

2600

4700

7000

 

Locker Break open charges Rs. 2,150/- or actual whichever is more + Rs. 50/- postage. For Mumbai / Dehgam branches actual + Rs. 100/- postage.. Extra lock to Locker : Rs. 350 + Rs. 100 installation charge or actual whichever is more.

N

Minimum Balance - Charges for Non maintenance :

 

 

Description

S.B. A/c

Current A/c (Except against O.D.F.D.)

 

with
Cheque
Book

Without
Cheque
Book

 

Minimum Balance

Rs. 500/-

Rs. 300/-

Rs. 1000/-

No FRILL A/cs

Rs. 250/-

Rs. 10/-

Rs.500/-

 

 

 

 

Services Charges
Applicable if balance falls below minimum on any day in a quarter

Rs. 40/-

Rs. 25/-

Rs. 100/-

 

 

 

No Service charge for minimum balances in No FRILL A/cs.

 

O

Issue of Cheque Books

 

 

SB A/cs

1 cheque book (20 L) per quarter free thereafter Rs. 2/- per cheque leaf .
[ For Dehgam Re.1/- per cheque leaf]

 

 

 

 

Current A/cs

Rs. 3/- per cheque leaf
(If average balance Rs.50,000/- quarterly maintained-No Charge)

 

O.D.F.D. A/cs

Re. 2/- per cheque leaf

 

Cash Credit / Hypo / Book Debt A/cs

Rs. 3/- Per cheque leaf

 

For Dehgam Branch

Rs. 1/- for C/D, C/C O.D.F.D.  A/c. per cheque leaf.

 

 

 

P

Loan Processing Charges (New / Renewal) -

As per Schedule

Q

E-Payment  (w.e.f 10-09-2008)

E-Payment Third Party

Rs.25 +service Tax per Transaction

Rs.50 + Service Tax Per Transaction

 

Service Charges Annexure - II

 

 

A

 

Services rendered free of charge :

 

 

 

 

(1)

DDs/ Pay orders on MUMBAI & DEHGAM free of cost.

 

(2)

No service charge for Minimum balances in No FRILL A/Cs.

 

(3)

1 Chequebook per quarter in S/B A/C.

 

(4)

Loan Processing (New / Renewal) upto Rs. 25,000/-

 

(5)

Enquiry relating to old records for an item less than 1 year free.

 

(6)

Account Statement free once.

 

(7)

No penal Int. for loans upto Rs. 25000/- under priority sector.

 

 

 

B

 

Others :

 

 

Bills Discounting under L/C

Bill discounting under L/C charge Rs. 750/- + interest as applicable.

 

 

Bank Guarantee

 

a)

With 100% Cash Margin

1% p.a. or part thereof. Minimum Rs. 200/-

 

b)

Others

1.5% p.a. or part thereof. Minimum Rs. 500/-

 

 

 

 

 

Notes:

 

1)

Guarantee Commission to be levied on entire validity period including claim period

 

2)

Commission to be collected upfront.

 

3)

Commission to be collected at every renewal

 

 

 

 

 

Issue of Inland/ Foreign L/C

1% p.a. of L/C amount, if margin is 100%
1.5% p.a. of L/C amount, if margin is less than 100%.
In the case of issue of L/C through Karur Vaishya Bank, then that Bank's charges will be levied additionally.

 

 

Late Stock Statement

1% penal interest after grace period of one month from due date of submission.

 

 

Late Insurance

In case of insurance policy due date, 1% penal int. from due date.

 

 

 

 

 

 

 

 

 

Any type of Certificate Issue

Rs. 50/-

Confidential Report Charges

Rs. 200/-

Amount Transfer by Fax

Rs. 30/- extra to our Pay order charges

Signature verification charges

 Rs. 15/-

Inward cheque return charges
(For want of Balance in the a/c)

Amount
up to Rs. 50,000/-
up to Rs. 1,00,000/-
up to Rs. 2,00,000/-
above Rs. 2,00,000/-


Rs. 50/-
Rs. 100/-
Rs. 150/-
Rs. 200/-

Loan Recovery Post dated Cheq Return

Rs.100/- Per Cheque

Stock Inspection charges for limits over Rs. 10 lacs

Rs. 100/- per visit/ Inspection Rs.200/- at Mumbai

Half yearly incidental charges

 

Current A/cs

Rs. 50/-

Advances A/cs other than Term loans & O.D.F.D.

Rs. 100/-

 

 

 

 w.e.f 22/10/2008

1)       RTGS /NEFT / ECS –Inward

2)       RTGS / Outward

(A)                Rs. 1.00 Lacs to Rs. 5.00 Lacs

(B)                Above Rs. 5.00 Lacs

3)       NEFT / Outward

(A)                Upto Rs. 1.00 Lacs

(B)                Above Rs. 1.00 Lacs

4)       ECS / Inward Return

(A)                Upto Rs. 50,000/-

(B)                Upto Rs.1,00,000/-

(C)                Upto Rs.2,00,000/-

(D)                Above Rs. 2,00,000/-

5)        OBC

(A)                Upto Rs. 10,000/-

(B)                Above Rs.10,000/- to 1/- Lacs

(C)                Above Rs. 1/- Lacs

6)       Cash Handling Charge

(A)           C.C.Hyp / BD/ FOD
 

(B)            Current/FD. OD A/c.
 

 (B)           Current Account.            
If quarterly average balance  is Rs.1Lac
            

 

NO Charges

 

Rs.25/- +Service Tax Per Transaction


Rs. 50/-+Service Tax Per Transaction

 

Rs. 5.00+Service Tax Per Transaction

Rs.25.00+Service Tax Per Transaction

 

Rs. 50/-+Service Tax Per Transaction

Rs.100/-+Service Tax Per Transaction

Rs.150/-+Service Tax Per Transaction

Rs.200/-+Service Tax Per Transaction

 

Rs.50/-+Service Tax Per Cheque

Rs.100/-+Service Tax Per Cheque


Rs.150/-+Service Tax Per Cheque

 

Rs.50/-Per Lac in the case of Credit cash Rs.3  Lacs  or more in a day.

Rs.50/-Per Lac in the case of Credit Cash Rs.2  Lacs or more in a day.

Rs.50/-Per Lac in the case of Credit Cash Rs.3 Lacs or more in a day.

 

 

NOTE :

 

1)

THE ABOVE RATES ARE EXCLUSIVE OF SERVICE TAX

 

2)

PLEASE RECOVER SERVICE TAX AT 12.36% ON ALL SERVICE CHARGES INCLUDING POSTAGE CHARGES.