SECTION –I DEPOSITS AND ALLIED SERVICES |
Sr.
No. |
AREA OF BANKING SERVICE |
REVISED SERVICE CHARGES (FLOOR RATES) INCLUSIVE OF SERVICE TAX @ 12.36% |
01. |
Ledger folio charges |
Applicable to CA & CC, OD (Excluding loan against banks own deposits) Rs. 55/- per ledger page |
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Current Accounts |
Free folio allowed p.a. based on Av. Cr. bal. as follows :
Av. Cr. Free folios Bal. (Rs.) Upto 10000/-2 folio per half year Above 25000/- All Free
NOTE: For a/cs maintained on computers, 30 entries or part thereof to be treated as one ledger page. |
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Savings Bank Accounts |
For SB A/cs - No folio charges
No Frill S.B. A/cs - 15 debits allowed free of cost in a year. If debit exceed 15 a service charge of Rs. 6/-per debit exceeding 15 is charged. |
02. |
a) Charges for issue of Duplicate Statement / Pass Book |
i) Rs. 30/- per pass book with latest balance only, ii) Charges for previous entries (if required) Rs. 30/- per ledger page or part thereof.
Note: For accounts maintained on computers, 30 entries or part thereof be treated as one ledger page. |
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b) Issue of letter of acknowledge-ment / duplicate TDR in case of loss of TDR |
i) For acknowledgement Rs. 30/-ii) Duplicate TDR Rs. 55/- |
| 03 |
Cheque Book
Issuance
Charges
|
a) In SB Account of individuals-40 leaves will be free in a
financial year. Free supply of cheque books in a SB a/c
will be on pro-rata basis, i.e. 20 cheque leaves for -6-
months and/or part thereof. Subsequent cheque book
@ Rs. 2/- per leaf for MICR/ NON MICR Cheque
books.
b) CA/CC/OD:
one Cheque book ina year is free and subsequent cheque book @ Rs. 2.25 per leaf for MICR/ NON MICR cheque book. Note : Ist cheque book means cheque book of 50 leaves. |
| 04 |
Opening & minimum balances
1) Current A/c
|
Rural -Rs. 500/-(individualA/c) Rs. 1000/- (Others A/c)
S/U - Rs, 1000/- (Individual A/c) Rs. 2000/- (Others A/c)
Urban - Rs. 2000/- (Individual A/c) - Rs. 5000/- (Other A/c)
Metro - Rs. 3000/= (Individual A/c) -Rs. 7000/-(Other A/c)
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2) Savings Bank
Accounts |
............................................With Cheque Book .............Without Cheque Book
Rural ...................................500/- ...................................250/-
Semi-Urban .........................500/- ...................................250/-
Urban ................................ 1000/- ..................................500/- |
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3) Pensioners and Scholarship
Accounts |
Rs.10- for all centers
Exemptions :No minimum balance charges in SB a/cs to be recovered from employees institutional salary a/cs i.e. not only institutions maintaining account with the branch but also of employees whose salary is paid through SB a/cs maintained with the branch. Branches can open zero balance a/cs of such institutional employees whose salary is paid through us. |
| 05 |
Charges for not maintaining minimum balance
|
Rural - Rs. 15/- per month
Others - Rs. 25/-per month
|
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Current A/c |
Uniform charges with cheque book & without cheque book facility
Rural -Rs. 10/-per quarter
SU -Rs. 15/-per quarter
|
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Savings Bank |
Urban/Metro - Rs. 25/- per quarter
No frill S/B A/C (after one year) : If in a year minimum balance comes to Rs.100/- no charges should be recovered otherwise charge be recovered as per above rates
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| 06 |
Addition/ deletion of names in joint accounts/Nomi- nations/ Change in operational instructions (including Lockers) first nomination will be free
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| 07 |
Charges for standing instructions |
i) With the Branch Rs. 25/- per transaction
ii) For Outside remittance
Rs. 25/- per transaction + applicable
remittance charges on which ST levied separately.
Exemption :
i) Funds transfer through SI from SB/CA to R/D - free |
| 08 |
Charges for inability to carry
out standing instructions due to insufficient balance in the account |
Rs. 25/- per occasion. |
| 09 |
Charges for Stop Payment instructions Per
instrument) In case of loss of complete blank cheque book |
S.B. -Rs.30/-
| CA/CC/OD - Rs. 50/- per instrument |
| Max. ceiling as per below : |
| Savings Bank : Rs. 100/- |
| Current Account: Rs. 200/- |
|
| 10 |
Charges for Cheque returned unpaid
|
Local Cheques:
A) Cheque deposited & Returned Unpaid (Inward Return) Rs. 25/- per instrument. (irrespective of nature of reasons)
B) Cheque Returned Charges (drawn on us) Outward Return -
Rs. 75/- (in respect of cheque returned for financial reasons) Rs. 25/- for other reasons.
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NOTE:
1. Charges to be recovered for both inward and outward clearing, including inter Br. Clg.
2. For transfer cheques received at the branch, charges to be recovered from the drawer of the cheque.
3. In respect of inward clearing cheques returned unpaid due to financial reasons, Brs. should also recover Intt. at BPLR+3% p.a. for the period the bank was out of funds. The intt. is to be credited to P/L Intt. Received a/c (others)
4. No charges to be recovered from drawee in case of outward return of cheques on account of stop payment instructions.
5. Branch Manager can double the said charges in cases where the incidence of cheque return is high.
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Outstation Cheques :
50% of collection charges subject to a minimum of Rs. 25/- + Postage
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| 11 |
Incidental charges for inoperative accounts |
A) Inoperative Savings Bank a/cs
(Not intt. bearing a/c only) Rs. 25/-
i) Account maintaining stipulated minimum balance - NIL
iii) If the balance in the a/c is less than the charges to be debited, so entire
amount be debited instead of complete charges.
B) for inoperative Current Account:
Rs. 75/- per half year
No frill SB Accounts
exeption - If a/c closed in a year service charge of Rs. 10/- is recovered |
| 12 |
Charges for issuance of Balance Certificate, at The request of customer
|
Rs. 25/- per certificate(for individual)
Rs. 35/- per certificate for others
|
| 13 |
Premature
closure of A/cs -
(within a year) |
Ordinary / Cheque operated SB A/c - Metro/Urban - Rs. 110/- & SU / Rural-Rs. 55/- Current A/c - Rs. 110/-
RD/any Recurring deposit scheme A/c
- Rs. 50/-
Closure of A/c due to death of A/c holder
-
No Charges |
| 14 |
Issue of Solvency Certificate |
Upto Rs. 5/- lacs-----Rs. 500/-
Above Rs. 5/- lacs-—--Rs. 100/- per lac a part thereof subject to maximum of Rs.
15000/-
Note:-
For issuance of capacity certificate for obtaining VISA for educational purpose
for Students - only 50% of the charges as mentioned above subject to maximum
Rs. 1600/-
for issuance of above certificate to staff members for educational loan of their
children - No charges should be recovered.
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| 15 |
Opening
accounts with
restrictive
operations
|
Current, Cash Credit, Over Draft Account
Rs. 225/- per half year
Savings Bank Account Rs. 55/- per half year
|
| 16 |
Allowing operations in an a/c through-
a) Power of
Attorney
b) Mandate |
Current, Cash Credit, Over draft Account Rs. 225/- per half year
Savings Bank Accounts Rs. 55/- per half year |
| 17 |
Change of authorized signatory including reconstitution of A/c
|
Current, Cash Credit, Over Draft Accounts Rs. 100/-per change
Excluding Govt Account
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| 18 |
SB account opened under ‘’No Frills’’ A/c |
1. 15 debits allowed free of cost in a year. If debits exceeds 15 a service charge of Rs. 5/- per debit exceeding 15 is charged.
2. If account gets closed within a year a service charge of Rs. 10/- is
recovered.
Exemption:
3. If in a year minimum balance comes to Rs. 100/- no charge should be recovered.
Note : No Cheque book facility is allowed in this account.
Scholarships / Pensioners / Widow Pension & others subsidies account should be opened for Rs. 10/- and no service charges should be recovered
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