Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

01.

a) Processing
    Charges

 1. Processing Charges for all kind of advances at the time of initial processing as well as at each renewal/adhoc sanction (including agricultural advances)*

Upto Rs. 50000/-
Priority Sector Advance : NIL
All Other Minimum        : Rs. 250/-

Above Rs. 50000/- upto Rs. 2/- lacs
 0.5%, Min.      : Rs. 300/-

Above Rs. 2/- lacs & Upto Rs. 1/- crore
- 0.20% , minimum Rs. 1000/-

(For micro & small enterprises processing charges is NIL up to Rs. 2 lacs)

Above Rs. 1/- crore
- 0.15%,  min. Rs. 25,000/-   and
                 max. Rs. 5,00,000/-

Processing charges for Ad-hoc sanctions
(To be recovered in full irrespective of period for which ad-hoc  is sanction)
Upto Rs. 50000/-                         : NIL

Above Rs. 50000/- & Upto Rs. 2/- lacs
- 0.50% , minimum Rs. 125/-

Above Rs. 2/- lacs & Upto Rs. 1/- crore
- 0.25% , minimum Rs. 1000/-

Above Rs. 1/- crore

• 0.10% , minimum Rs. 20,000/- and
•               maximum Rs. 500000/-

Exemption :

• No processing charges for fund based or non fund based facilities for staff members.
• Processing charges for Term Loan to be recovered initially as mentioned above and on subsequent renewal,/s as under :-

Upto  Rs. 50000/                       NIL
Rs. 50000/  to  Rs. 2/ lacs        Rs.   100/
Above Rs. 2 to Rs. 5 lacs        Rs.    250/
Above Rs. 5 to Rs. 10 lacs      Rs.    500/
Above Rs. 10 lacs                    Rs.  1000/

• No processing charges in case of government sponsored schemes.

No processing charges under Direct Agriculture advances upto Rs. 2.00 lacs.
Note : As per code of BCSBI no processing charges for loan upto Rs.5/- lacs is to be recovered if the loan is not sanctioned.

1. Processing Charges for all kind of advances at the time of initial processing as well as at each renewal/adhoc sanction (including agricultural advances)*
Upto Rs. 50000/-
Priority Sector Advance : NIL
All Other Minimum        : Rs. 275/-

Above Rs. 50000/- upto Rs. 2/- lacs
 0.55%, Min.      : Rs. 331/-

Above Rs. 2/- lacs & Upto Rs. 1/- crore
- 0.22% , minimum Rs. 1103/-
(For micro & small enterprises processing charges is NIL up to Rs. 2 lacs)

Above Rs. 1/- crore
- 0.16%,  min. Rs. 27,575/-   and
                 max. Rs. 5,51,500/-

Processing charges for Ad-hoc sanctions
(To be recovered in full irrespective of period for which ad-hoc  is sanction)
Upto Rs. 50000/-                         : NIL

Above Rs. 50000/- & Upto Rs. 2/- lacs
- 0.55% , minimum Rs. 138/-

Above Rs. 2/- lacs & Upto Rs. 1/- crore
- 0.27% , minimum Rs. 1103/-

Above Rs. 1/- crore

• 0.11% , minimum Rs. 22,060/- and
•               maximum Rs. 551500/-

Upto  Rs. 50000/                       NIL
Rs. 50000/  to  Rs. 2/ lacs        Rs.   110/
Above Rs. 2 to Rs. 5 lacs        Rs.    276/
Above Rs. 5 to Rs. 10 lacs      Rs.    552/
Above Rs. 10 lacs                    Rs.  1103/

b) Processing charges for giving agreement in principal in respect of advances account.

Full Processing Fee as per existing schedule of  charges + an additional fee of Rs. 2.00 lacs to be collected in respect of term loan applications where the amount of loan is over Rs. 1 crore (no separate additional fee need to be collected where only working capital facility are applied for)
The aforesaid will also be subject to the proviso that –
a) In case for any reason the final proposal is not sanctioned 50% of the fee collected (i.e. processing fee and additional fee) will be refunded.
b) In case the final proposal is sanctioned and the borrower avails the facility the advance fee collected will be adjusted /refunded against the total fee chargeable as per the extant guidelines.

Additional Service Charges @ 10.30% on the additional fee of Rs. 2.00 Lacs.

(C) Commitment Charges -
Commitment charges are levied in case of non utilization/ under utilization of working capital limits for
advance account with fund based working capital limits of Rs. 100 lacs (One crore)
and above

Utilization below 75% of limit or as
indicated in QIS statement: -0.50% p.a.
Utilization below 50% of limit or as
indicated in QIS statement: - 0.75% p.a
Utilization below 25% of limit or as
indicated in QIS statement: - 1.00% p.a.
Note:
It is to be charged on the amount of under utilization below 75%.

Utilization below 75% of limit or as
indicated in QIS statement: -0.55% p.a.
Utilization below 50% of limit or as
indicated in QIS statement: - 0.83% p.a
Utilization below 25% of limit or as
indicated in QIS statement: - 1.10% p.a.

Retail Lending Schemes

Housing/Rural Housing (Krishak Awas Yojna)
Consumer Durable, Two Wheelers, Personal Computers, Passenger Cars,
Loans to Professionals etc.

Branches to refer to the individual product profile for these provisions.

The processing fee are to be recovered as per the individual schemes. Wherever not specified the same may be charged as under :-

1.5 % of limit sanctioned, Max. Rs. 2250/-

Documentation charges for the above schemes are to be additionally recovered as under wherever not specified in the individual scheme:-

Upto Rs. 50000/-                         : NIL

Rs. 50000/- to 2 Lacs                  : Rs. 100/-

>Rs. 2 Lacs to Rs. 5 Lacs           : Rs. 350/-

>Rs.  5 Lacs to Rs. 20 Lacs      : Rs. 1000/-

>Rs, 20 Lacs to Rs. 25 Lacs     : Rs. 1500/-

Above Rs. 25 Lacs                    : Rs. 3000/-

• LABOD / OD against bank’s own deposits excluded from levy of documentation charges.

NOTES :

1. Charges are to be levied on sanctioned amount.
2. No processing charges for non fund advances (except DPG & DA L/C) and advances against our own deposits.  Advance under Bills rediscounting scheme are treated as Fund Based limit.
3. In case of Agricultural Advances, processing charges are to be recovered on all fresh sanctions and renewals. No processing charges in case of Govt. sponsored schemes and Direct Agricultural advances up to Rs. 2/- lacs.
4. Advances under consortium : Processing charges to be levied as per consortium agreement.
5. Loan against Government Securities UTI/Mutual Fund Units, NSCs, KVPs – Rs. 110/- flat charges.  In addition to flat charges out of pocket expenses & actual conveyance should also be recovered.
6. Processing charges / documentation charges in respect of housing loans –  to be levied as per scheme advised from time to time / if not contained in the scheme then to be charged as mentioned above.
7. Processing charges / documentation charges for educational loans, Loans are to be recovered as per the charges specified in the respective schemes.
8. Processing charges are on per annum basis, i.e. if a proposal is reviewed after six months from the due date for a further period of 12 months, processing charges are to be levied for 18 months.
9. 50% of the processing charges (non refundable) to be recovered in advance in new accounts.
10. For allowing drawings against un cleared effects (Adhoc) – a charge of Rs. 25/- per lac or part thereof with min. of Rs. 25 and Max. of Rs. 500/- be levied.
11. No processing charges for fund based or non fund based facilities for staff members.

1.65 % of limit sanctioned, Max. Rs. 2482/-

Upto Rs. 50000/-                         : NIL

Rs. 50000/- to 2 Lacs                  : Rs. 111/-

>Rs. 2 Lacs to Rs. 5 Lacs           : Rs. 386/-

>Rs.  5 Lacs to Rs. 20 Lacs      : Rs. 1103/-

>Rs, 20 Lacs to Rs. 25 Lacs     : Rs. 1655/-

Above Rs. 25 Lacs                    : Rs. 3309/-

Rs.121/-

Charge of Rs. 28/- per lac or part thereof with min. of Rs. 28/- and Max. of Rs. 552/- be levied.

02.

GUARANTEES
a) Commission on inland guarantees

Performance Guarantees
0.50% per quarter and thereafter for completed months & part thereof, subject to a minimum charges for two quarters.

Financial Guarantees
0.75% per quarter and thereafter for completed month and part thereof, subject to a minimum charge for two quarters.

(Actual out of pocket expenses subject to a minimum of Rs. 147/- to be recovered for each guarantee upfront)

Concessions in Guarantee commission :

i) Secured by 100% Cash margin or Term Deposits –

25% of the amount of the normal commission plus out of pocket expenses to be charged.
Actual out of pocket expenses subject to minimum of Rs. 147/- to be recovered.
ii) for individual transaction for over  Rs. 1 Crore :
Rs. 1 Crore to Rs. 10 Crore – 50% concession
Above Rs. 10 crores            –  70% concession

Performance Guarantees
0.55% per quarter.

Financial Guarantees
0.83% per quarter.

(Actual out of pocket expenses subject to a minimum of Rs. 162/- to be recovered for each guarantee upfront)
Concessions in Guarantee commission :

i) Secured by 100% Cash margin or Term Deposits –
25% of the amount of the normal commission plus out of pocket expenses to be charged.
Actual out of pocket expenses subject to minimum of Rs. 162/- to be recovered.
ii) for individual transaction for over  Rs. 1 Crore
Rs. 1 Crore to Rs. 10 Crore – 50% concession
Above Rs. 10 crores            –  70% concession

b) Refund for guarantees tendered for cancellation before the expiry date.

Refund for guarantees tendered for cancellation before the expiry date
Portion of Guarantee Commission already recovered be refunded as under:
An amount computed at half the original rate for the unexpired period of guarantee less -3- months, may be refunded as per rate charged originally (Should be for a complete month)

c) Extended period of validity of guarantee due to restraints imposed by Court Orders at the instance of constituents from meeting their obligations to beneficiaries, when guarantees are invoked.

Additional commission at applicable rate be charged.

d) Remittances made by
the Bank under Guarantee, co-acceptance or similar obligations.

Commission/exchange as per our usual rates.

e) Guarantee commission at above rates should also be
recovered from staff members.

Guarantee commission & processing charges at above rates should also be recovered from staff members.
However, no commission from the staff members to be recovered when guarantee is issued for education of his/her dependant children.

03.

Documentation charges (Fund based only)

Upto Rs. 50000/-                          - NIL
Above Rs. 50000/-
 to Rs. 2 Lacs                             – Rs. 150/-
Above Rs. 2 Lacs
to Rs. 5 Lacs                             - Rs. 1000/-
Above Rs. 5 Lacs
Upto Rs.  20 Lacs                     - Rs, 1500/-
Above Rs. 20 Lacs
Upto Rs. 50 Lacs                      - Rs. 2500/-
Above 50 Lacs upto                 - Rs. 4000/-
5 Crore
Above 5 Crore                        - Rs. 10000/-

Exemption for Direct Agri. Advance

Doc. charges upto 2 lacs          - NIL
Above 2 lacs to 10 lacs - 50% of the above

Note, when to be charged

New sanction (entire fund based limits including DPG, usance LC & other financial guarantee.  At the time of obtaining the set of document before disbursement. 
Review account with existing limits.

No charges if no fresh additional  documents are obtained
No documentation charges for LABOAD/OD/against Bank’ own deposits .Loan against NSC,KVP,Govt Securities & loan to staff members

Upto Rs. 50000/-                          - NIL
Above Rs. 50000/-
 to Rs. 2 Lacs                             – Rs. 165/-
Above Rs. 2 Lacs
to Rs. 5 Lacs                             - Rs. 1103/-
Above Rs. 5 Lacs
Upto Rs.  20 Lacs                     - Rs, 1655/-
Above Rs. 20 Lacs
Upto Rs. 50 Lacs                      - Rs. 2758/-
Above 50 Lacs upto                 - Rs. 4412/-
5 Crore
Above 5 Crore                        - Rs. 11030/-

Exemption for Direct Agri. Advance

Doc. charges upto 2 lacs          - NIL
Above 2 lacs to 10 lacs - 50% of the above

04.

Charges for carrying out inspection of securities charged to the Bank. Accounts with limits

Accounts with limits

Upto Rs. 50,000/-       - NIL

>Rs. 50000/- to
  Rs. 2 lacs            -  Rs. 150/- per inspection
>Rs. 2 lacs to
  Rs. 5 lacs             - Rs. 225/- per inspection

>Rs. 5 lacs to
Rs. 20 lacs            -  Rs. 750/- per inspection

>Rs. 20 lacs to
Rs. 1 Crores               - Rs. 1000/- per insp.

Rs. 1 crore to
Rs. 5 crore        - Rs. 2000/- per inspection

Above 5 Crore – Rs. 4000/- per inspection

*Charges for stock audit of accounts with limits Rs. 5/- crores and above assigned to concurrent auditors / auditors to be recovered on actual basis as per schedule / charges decided by Regional Authorities.

Inspection charges for the “Weaker Section” will be 50% of the above.
In addition to the above actual conveyance and out of pocket expenses reimbursed to be recovered.
Inspection will be done once in a year in case of Term Loan & Bi –monthly  in case of Cash Credit a/cs.

Accounts with limits

Upto Rs. 50,000/-       - NIL

>Rs. 50000/- to
  Rs. 2 lacs            -  Rs. 165/- per inspection
>Rs. 2 lacs to
  Rs. 5 lacs             - Rs. 248/- per inspection

>Rs. 5 lacs to
Rs. 20 lacs            -  Rs. 827/- per inspection

>Rs. 20 lacs to
Rs. 1 Crores               - Rs. 1103/- per insp.

Rs. 1 crore to
Rs. 5 crore        - Rs. 2206/- per inspection

Above 5 Crore – Rs. 4412/- per inspection

05.

Bills purchased/ Discounted or advances there against –
Exchange / Commission
For cheques/ bills

i)
a) On instruments drawn on
our Branches other Banks where : Exchange @ 35 paisa %
we have branches.                         plus Collection charges
b) For instruments drawn on        : Exchange @70 Paisa %
other Banks, Where we do             Plus collection charges
not have branches.
Note: The above covers interest for 10 days for (a) & 14 days for (b).
ii)
a) On cheques/ bills returned unpaid penal interest @ 2% +(BPLR+ 3%) p.a. from 11th/15th day of purchase as the case may be till the date of reimbursement.
b) Overdue interest to be charged @ 2% over the applicable rate (document rate) on cheques/bills from 11th/15th day of the case may be.
NOTES:
1. Usual collection charges as applicable for the respective slab are to be levied in all cases in addition to interest.
2. Collecting Banks’ charges, if any, should be recovered in full.
3. When the bills are tendered for discount under the Bills
Rediscounting scheme, besides collecting the discount at the prevailing rates, normal service charges like actual conveyance and actual out of pocket expenses reimbursed etc., in sending the bills to SIDBI/IDBI also to be collected.
4. “Date of actual reimbursement” means:
a) Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.
b) Where Bills are sent to other Banks or where instruments are returned unpaid, the date of reversal of the B.P. entry at the purchasing branch.
5. Change of original instruction in respect of Bills purchased/discounted -Rs. 50/- per request

Exchange @ 39 Paisa % + Collection charges

Exchange @ 77 paisa % + Collection charges

Rs. 56/- per request.

06.

Issue of No Dues Certificate

1. For borrowers under govt. sponsored schemes – NIL

2. Others – Rs.  20/- per occasion

1. For borrowers under govt. sponsored schemes – NIL
2. Others – Rs.  22/- per occasion

07.

Signature Verification

Individual :-
Per instrument/Occasion - Rs. 20/-
Non Individual :-
Per instrument/Occasion - Rs. 40/-

Individual :-
Per instrument/Occasion - Rs. 22/-
Non Individual :-
Per instrument/Occasion - Rs. 44/-

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

01.

Collections of Outstation Cheques
a) Through our bank’s branches

Amount of                                              Charges
Instrument                                         per instrument
Up to Rs.10,000/-                                      Rs. 50/-
Above Rs.10,000 to Rs.1 lac                     Rs.100/-
Above Rs.1 lac                                           Rs.150/-

(The above charges will be inclusive of all, no additional charges i.e. out of pocket expenses, courier/postage should be levied from the customers)

Amount of                                              Charges
Instrument                                         per instrument
Up to Rs.10,000/-                                      Rs. 56/-
Above Rs.10,000 to Rs.1 lac                     Rs.111/-
Above Rs.1 lac                                           Rs.166/-

(The above charges will be inclusive of all, no additional charges i.e. out of pocket expenses, courier/postage should be levied from the customers)

b) Direct through other banks i.e. instruments drawn at a centre where we have no branch

Other bank charges plus 50% of our charges to be recovered as mentioned above.

02.

Cheques collected through branch for another bank.

50% of our charges to be recovered as mentioned above

03.

Collection of Bills(Clean/DOC/Demand/
Usance)

Applicable to IBC
Bills for Amount

Upto Rs. 100000/- -Rs. 8/- per Rs. 1000/- or part thereof subject to minimum Rs. 50/-
Above Rs. 1/- Lac upto Rs. 10/- lacs Rs. 7/- per Rs. 1000/- or part thereof subject to a min. of Rs. 800/-
Above Rs 10/- Lacs - Rs. 5.00 per Rs. 1000/- (min. Rs. 7000/- & max. Rs. 10000/-)

Applicable to OBC
Bills for Amount
Upto Rs. 100000/- -Rs. 6/- per Rs. 1000/- or part thereof subject to minimum Rs. 40/-
Above Rs. 1/- Lac upto Rs. 10/- lacs Rs. 5/- per Rs. 1000/- or part thereof subject to a min. of Rs. 600/-
Above Rs 10/- Lacs - Rs. 4.60 per Rs. 1000/- (min. Rs. 5000/- & max. Rs. 10000/-)
(Postage to be recovered on actual basis)

Applicable to IBC
Bills for Amount

Upto Rs. 100000/- -Rs. 9/- per Rs. 1000/- or part thereof subject to minimum Rs. 56/-
Above Rs. 1/- Lac upto Rs. 10/- lacs Rs. 8/- per Rs. 1000/- or part thereof subject to a min. of Rs. 882/-
Above Rs 10/- Lacs - Rs. 5.50 per Rs. 1000/- (min. Rs. 7721/- & max. Rs. 11030/-)

Applicable to OBC
Bills for Amount
Upto Rs. 100000/- -Rs. 6.60/- per Rs. 1000/- or part thereof subject to minimum Rs. 44/-
Above Rs. 1/- Lac upto Rs. 10/- lacs Rs. 5.50/- per Rs. 1000/- or part thereof subject to a min. of Rs. 662/-
Above Rs 10/- Lacs - Rs. 5.05 per Rs. 1000/- (min. Rs. 5515/- & max. Rs. 11030/-)
(Postage to be recovered on actual basis)

04.

Handling charges for bills returned unpaid.
Local Outstation

Rs. 30/- per instrument
50% of the collection charges subject to a min. Rs. 100/-
Note: Postage is to be recovered extra.

Rs. 33/- per instrument
50% of the collection charges subject to a min. Rs. 111/-
Note: Postage is to be recovered extra.

05.

Collection of deposit receipts on maturity

Free

06.

Charges for presentation of usance bills

Rs. 50/- per bill. (Also in cases of BP/BD – where there is a change in Instructions

Rs. 56/- per bill.

07.

Change of original instruction in respect of OBC/IBC e.g.
a) Delivering free of payment
b) waiving 'c' form etc
c) Allowing rebate
d) Extending time for
retirement

Rs. 50/- per request

Rs. 55/- per request.

08.

Donations to PM / CM’s Relief Funds

I.     At par collection of cheques favouring the fund.
Free remittances favouring these funds.

09.

Teachers Employed in Government Run Schools / Central Schools

At par collection of salary bills.

10.

Blind / Diabled / Physically Handicapped Persons and Institutions set up for their benefit.

1. At par collections of cheques.
2. Free Remittances.

Conditions :
a) Institutions should be exempt from payment of Income Tax.
b) Free Remittances to be allowed only against debit to account and Not Against Cash.
In all cases, the Branch Manager should satisfy with the eligibility.

11.

Pensioners

01. At par collection of pensioner’s bill, pension cheques–Free of Cost.
02. Free remittance facility by debit to SB A/c maintained by  Pensioner for personal use.

12.

Ministry of Health and Family Welfare

(Accredited to our bank)

1. At par collection of cheques etc.

Free Remittance facility.

13.

Govt. Spon. Schemes

At par collection of cheques (only cheques issued by Government representing subsidy under Government sponsored Schemes).

14.

Physically Challenged Persons

Waiver of collection charges for physically challenged persons (who have suffered loss of use of hand/hands & or leg/legs) including blind person for instrument up to Rs. 10,000/- at par collection.

15..

Staff Members

- Staff Members
- Ex-Staff Members
- Joint Accounts of staff members with close relatives (Same Rules as for deposit A/c)
i) No Service charges for various transactions, unless otherwise specified to the contrary.

Conditions for Ex-staff Members :

1. He/She should be able to establish his/her identity as an ex-staff member of our Bank.
2. He/She should not be gainfully employed.

Money representing in transaction be pertaining to him only.

16.

Senior Citizens

01. At par collection of cheques in the name of Senior Citizens
      (The a/c holder) – Free of Charges.
02. Free remittance facility by debit to SB A/c maintained by Senior Citizen for personal use.

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

01.

Issuance of DD/MT/Bankers Cheque

Individual :-
Upto  Rs.5000/-                        - Rs. 20/-

Above
Rs. 5000/- ¶ @ Rs. 3.00 per Rs. 1000/- or part thereof subject to a minimum of Rs. 25/- & maximum of Rs. 10000/-

Non-Individual :-

Upto Rs. 5000/-                       -  Rs. 30/-

Above
Rs. 5000/- ¶@ Rs. 3.00 per Rs. 1000/- or part thereof subject to a min. of Rs. 50/- & max. of Rs. 10000/-

Note :

01. At par issuance of DD/Bankers Cheque in respect of loan sanctioned by the branch and payment is made directly to the suppliers.
02. The Regional Managers may consider a relaxation in charges up to 25% on the merit of each case.

Individual :-
Upto  Rs.5000/-                        - Rs. 22/-

Above
Rs. 5000/- ¶ @ Rs. 3.30 per Rs. 1000/- or part thereof subject to a minimum of Rs. 28/- & maximum of Rs. 11030/-

Non-Individual :-

Upto Rs. 5000/-                       -  Rs. 33/-

Above
Rs. 5000/- ¶@ Rs. 3.30 per Rs. 1000/- or part thereof subject to a min. of Rs. 56/- & max. of Rs. 11030/-

Note :

01. At par issuance of DD/Bankers Cheque in respect of loan sanctioned by the branch and payment is made directly to the suppliers.
02. The Regional Managers may consider a relaxation in charges up to 25% on the merit of each case.

03.

Cancellation of DD/Bankers cheque and/or issue of fresh DD/Banker Cheque in lieu of lost one.

Individual :-

Rs. 50/- per instrument (In case of lost instrument, 25% of value of instrument subject to max. of Rs. 75/-)

Non Individual :-

Rs. 70/- per instrument (In case of lost instrument, 50% of the value of the instrument subject to maxi. of Rs. 100/-)

Individual :-

Rs. 56/- per instrument (In case of lost instrument, 25% of value of instrument subject to max. of Rs. 83/-)

Non Individual :-

Rs. 77/- per instrument (In case of lost instrument, 50% of the value of the instrument subject to maxi. of Rs. 111/-)

04.

Against tender of Cash for any mode of remittance

50% higher charges over floor rates.  (i.e. DD/Bankers Cheque/MT/Pay order ect. Issued against cash deposit will attract 50% extra exchange.

05.

Remittance of fund through RTGS

(A) On all RTGS Transactions
(INWARD)-- -NIL
(B) On all RTGS transactions
(OUTWARD):
Rs. 1 Lacs & Upto Rs. 5 lacs – Rs. 25/- per transaction
Above Rs. 5 lacs                   - Rs. 50/- per transaction

(A) On all RTGS Transactions
(INWARD)-- -NIL
(B) On all RTGS transactions
(OUTWARD):
Rs. 1 Lacs & Upto Rs. 5 lacs – Rs. 28/- per transaction
Above Rs. 5 lacs                   - Rs. 56/- per transaction

06.

Remittance of fund
through NEFT -

(A) NEFT Transactions
(INWARD) - Nil
(B) NEFT Transactions (OUTWARD):--
Up to Rs. 1 lac - Rs. 5/- per transaction
Above Rs. 1 lacs- Rs. 25/- per transaction

(A) NEFT Transactions
(INWARD) - Nil
(B) NEFT Transactions (OUTWARD):--
Up to Rs. 1 lac - Rs. 5.50 per transaction
Above Rs. 1 lacs- Rs. 28/- per transaction

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

1.

Safe Custody Charges

Sealed Covers: Rs. 100/- per cover per annum or part thereof.

Sealed Boxes: Rs. 500/- p.a. per box measuring not more than 200 cubic inches; proportionately higher charges for bigger boxes.
Bank’s own Deposit Receipt : No charges

Sealed Covers: Rs. 111/- per cover per annum or part thereof.

Sealed Boxes: Rs. 552/- p.a. per box measuring not more than 200 cubic inches; proportionately higher charges for bigger boxes.
Bank’s own Deposit Receipt : No charges

4.

Attestation of customer’s
signature

Individual:
Rs. 30/- per instrument / occasion.
Non- Individual-
Rs. 50/- per instrument / occasion.

Individual:
Rs. 33/- per instrument / occasion.
Non- Individual-
Rs. 56/- per instrument / occasion.

5.

Providing credit report
(including opinion and
introduction)

Rs. 250/- per occasion

Rs. 276/- per occasion.

6.

Inquiries relating to old
records.

3 to 12 months old : Rs. 25/- per item.
Above 12 months : Rs. 100/- per item

3 to 12 months old : Rs. 28/- per item.
Above 12 months : Rs. 111/- per item

7.

To ascertain fate of local
cheques lodged in clearing, at the request of the customer.
Drawing against unclear effect.

Rs. 50/- plus actual conveyance charges Interest to be charged on drawing against un-cleared effect.

Rs. 56/- plus actual conveyance charges Interest to be charged on drawing against un-cleared effect.

8.

Photo attestation

Rs. 100/- per photo / occasion

Rs. 111/- per photo / occasion

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

01.

Safe Deposits Lockers

Safe Deposit Locker Annual Rent:

NOTES :
a) Allotment of lockers is on first come – first served basis.  For this purpose, a wait list is to be maintained.
b) 80% of the lockers are to be allotted strictly as per the wait list, while 20% can be allotted at the discretion of the Branch Manager having regard to business considerations.
c) In Case of breaking open of the locker, Rs. 300/- to be recovered as incidental charges over and above actual cost incurred for the same.

• No receipt to be issued for Security Deposit.  However, an acknowledgement to be given to the depositor.
• The Security Deposit will be under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open/replacement of locker expenses, lost keys etc.

d) The concession of 25% in rentals to staff members be allowed in respect of only one locker allotted to them any where in BUPGB branches against undertaking that concession has not been availed in respect of any other bank,
e) Penalty for late payment of locker rent (from the due date) be levied as under :
 --Where annual locker rental is upto Rs. 500/- : Rs. 5/- p.m. or part thereof for first 3 months & Rs. 10/- p.m. thereafter.
 --Where annual locker rental is above Rs. 500/- :  Rs. 10/- p.m. for first 3 months and Rs. 20/- p.m. thereafter.
f) Operation in the lockers be stopped from due date of locker rent if same is not paid.
g) When the rent is paid in advance for -3- years & above,
     10% discount may be allowed,

Safe Deposit Locker Annual Rent:

NOTES :
a) Allotment of lockers is on first come – first served basis.  For this purpose, a wait list is to be maintained.
b) 80% of the lockers are to be allotted strictly as per the wait list, while 20% can be allotted at the discretion of the Branch Manager having regard to business considerations.
c) In Case of breaking open of the locker, Rs. 331/- to be recovered as incidental charges over and above actual cost incurred for the same.

• No receipt to be issued for Security Deposit.  However, an acknowledgement to be given to the depositor.
• The Security Deposit will be under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open/replacement of locker expenses, lost keys etc.

d) The concession of 25% in rentals to staff members be allowed in respect of only one locker allotted to them any where in BUPGB branches against undertaking that concession has not been availed in respect of any other bank,

e) Penalty for late payment of locker rent (from the due date) be levied as under :
 --Where annual locker rental is upto Rs. 500/- : Rs. 5.50/- p.m. or part thereof for first 3 months & Rs. 11/- p.m. thereafter.
 --Where annual locker rental is above Rs. 500/- :  Rs. 11/- p.m. for first 3 months and Rs. 22/- p.m. thereafter.

f) Operation in the lockers be stopped from due date of locker
     rent if same is not paid.
g) When the rent is paid in advance for -3- years & above,
     10% discount may be allowed,

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

1.

(APPLICABLE TO ALL
ABOVE SERVICES/
ACTIVITIES)
a) Postal &
Telecommunication
TARIFF

b) Courier Charges

a)Ordinary Post
– Actual, subject to Rs. 10/- min
b)Registered Post
– Actual, subject to Rs. 30/- min
c)Telegram/ Long Distance (STD) Phone &
Fax – Actual/
Min Rs. 50/-.
Actual charges subject to a minimum of Rs. 30/- per instrument per occasion, unless otherwise specified to the contrary.

a)Ordinary Post
– Actual, subject to Rs. 11/- min
b)Registered Post
– Actual, subject to Rs. 33/- min
c)Telegram/ Long Distance (STD) Phone &
Fax – Actual/
Min Rs. 56/-.
Actual charges subject to a minimum of Rs. 33/- per instrument per occasion, unless otherwise specified to the contrary.

2.

Higher Service charges
for non customers of the
Bank.

For all banking services to non-customers of the Bank, service charges shall be 50% higher than the floor rates, across the board

3.

Definition of Floor rates

Floor rates shall mean rates of service charges fixed by our bank as detailed in this Hand Book.

Sr. No.

AREA OF BANKING SERVICE

SERVICE CHARGES
(FLOOR RATES)

SERVICE CHARGES INCLUSIVE OF SERVICE TAX @ 10.30%

01.

Defense Personnel

“Only the following concessions in service sharges be extended to Defense Personnel, Paramilitary Personnel, Ex-Servicemen and Central Industrial Security Force (CISF) Personnel”.

1. At par remittance of salary/terminal dues.
2. At par remittance to family up to Rs. 10,000/- per month and one-time remittance for payment of school / college fees in a year.  Out of pocket expenses to be recovered.
3. At par custody of WILLS.

02.

Ex-servicemen/ widows
of Ex-Servicemen, war
widows, disabled service
personnel

Not to levy service charges such as processing, documentation and inspection charges on loans granted to Ex-servicemen, widows of Ex-servicemen, war widows and disabled service personnel under NEF, SEMFEX-II and SEMFEX-III schemes sponsored by SIDBI, NABARD and KVIC respectively and also on loans sanctioned by the bank outside these schemes for their self employment purpose.

03.

Service / Charitable
Institutions.

a) Temple Devasthanams like Shri Sai Baba Temple, Shirdi, Tirupati Devasthanam, Shri Nathdwara Temple and Shri Jagannath Temple, Puri.
I.  At par collection of cheques favouring such institutions.
II. Remittances favouring such institutions free of exchange.
b) Welfare / Service / Charitable Institutions/ National Foundation for Communal Harmony)
I. At par collection of cheques favouring such institutions.
II. Remittances favouring such institutions free of exchange.
NOTE
a) The Institutions should be exempt from payment of Income Tax and the branch should have such exemption certificate on its record.

04.

Donations to PM / CM’s
Relief Funds

I. At par collection of cheques favouring the fund.
II. Free remittances favouring these funds

05.

Teachers Employed in
Govt. Run Schools / Central Schools

I. Free discounting of salary bills / cheques up to Rs. 7,500/-
II. At par collection of salary bills.

06.

Blind/Disabled/
Physically Handicapped
Persons and Institutions
set up for their benefit

I.  At par collection of cheques.
II. Free Remittances.
Conditions :
a) Institutions should be exempt from payment of Income Tax.
b) Free Remittances to be allowed only against debit to account and Not Against Cash.
c) In all cases, the Branch Manager should satisfy with the eligibility.

07.

Proceeds invested in
Time Deposit including
NRIs

a) At par remittance of maturity proceeds of Time Deposits as well as periodical interest to another branch.
b) At par collection of cheques issued as per court orders for investment in Time Deposits.

08.

Pensioners

(a) At par collection of Pensions bills, Pension cheques.
(b) Free remittance facility by debit to S.B. A/c. maintained by pensioners for personal uses.

09.

Ministry of Health and
Family Welfare
(Accredited to our Bank)

a) At par collection of cheques etc.
b) Free Remittance facility.

10.

Government Sponsored
Schemes

At par collection of cheques (only cheques issued by Government representing subsidy under Government sponsored Schemes).

11.

Banks under Agency Arrangements.

Existing Agency Arrangements at lower rates may be continued. (Customer should be charged full rates)

12.

NRI Customers

At par collection of rupee drafts issued by exchange companies and correspondent Banks.
i) Rupee drafts should have been issued by exchange companies and correspondent Banks or Foreign Offices of any Indian / Foreign Bank or Exchange Companies maintaining a/cs with our Bank or any other Bank in India.
ii) Drafts should be payable through rupee accounts maintained at branches in India nominated by the Banks.

13.

Transfer of Funds

Periodical Transfer of funds by DD / MT  from one account to another in same Bank @ Rs. 0.50 per thousand subject to following conditions:
(i) From Collection Accounts (i.e. accounts wherein no debit transactions other than such periodical funds transfer entries are reflected) to the principal account of the same organization.

(ii) Advances/Borrowal A/Cs: From one account to any other account of same organization. When debit balances are transferred, interest for the transit period should be recovered.

Periodical Transfer of funds by DD / MT  from one account to another in same Bank @ Rs. 0.55 per thousand subject to following conditions:
(i) From Collection Accounts (i.e. accounts wherein no debit transactions other than such periodical funds transfer entries are reflected) to the principal account of the same organization.
(ii) Advances/Borrowal A/Cs: From one account to any other account of same organization. When debit balances are transferred, interest for the transit period should be recovered.

14.

Senior Citizens

 (a) Free remittance facility to be allowed by debit to S.B. A/c. maintained by Sr. Citizens for personal uses.
(b) At par collection of cheques in the name of Sr. Citizens (the a/c holder)

15.

Physically Challenged
Persons

Waiver of collection charges for physically challenged persons (who have suffered loss of use of hand/hands & or leg/legs) including blind person for instruments up to Rs.10,000/- at par collection.

16.

Staff Members

- Staff Members
- Ex-Staff Members
- Joint Accounts of staff members with close relatives (Same Rules as for deposit A/Cs.)
i) No service charges for various transactions, unless otherwise specified to the contrary.
Conditions for Ex-staff Members:
a) He/she should be able to establish his/her identity as an ex-staff member of our Bank.
b) He/she should not be gainfully employed.
c) Over and above this, if an Ex-Staff member of another Public Sector Bank, the said Bank should not have a branch
at that place.

17.

Concessions provided by Sponsor Bank i.e. Bank of Baroda to our Bank

1. Collection charges on a 50:50 basis for :
a) Cheques drawn on Public Sector banks and tendered to BOB for collection by us and on instrument tendered by Public Sector Banks to us for collection.
b) Free Remittance facility for transfer of funds to us for remitting refinance installments to NABARD.
c) Free remittance facility for transfer of funds between the Head Office and our Branches and also between Regional Offices and our Branches.
2. No exchange should be charged on DDS purchased by our Bank on behalf of their customers provided Branches levy full charges from their customers at rates not below specified rates of Bank of Baroda.