| S.No
|
Nature of Service |
Service Charges (after loading the Service Tax) |
| 1. |
Cheques for collection |
| |
Rate per Rs.1,000/- |
Minimum Charges |
Maximum Charges |
| Up to Rs.1,000/- |
--- |
Rs.25/- |
Rs.25/- |
| Above Rs.1000/- to
Rs.10000/- |
--- |
Rs.55/- |
Rs.55/- |
| Above Rs.10,000/- up to Rs.1 Lac |
Rs.3.50 |
Rs.75/- |
|
| Above Rs.1 Lac |
Rs.4.00 |
Rs.404/- |
Rs.10,000/- |
|
Note: For collection between our own Branches the commission will be shared on 50:50 basis i.e. each Branch will charge 50% of the stipulated commission / service charges at its end.
However, the postages / out–of-pocket expenses will be recovered fully wherever applicable. |
| 2. |
Remittances (DD/TT/MT) (charges-per remittance) |
|
Rate per Rs.1,000/- |
Minimum Charges |
Maximum Charges |
| Up to Rs.1,000/- |
Rs.40/- |
| Above Rs.1,000/-up to Rs.5,000/- |
Rs.50/- |
| Above Rs.5,000/- up to Rs.10,000/- |
Rs.50/- |
| Above Rs.10,000/- up to Rs.1 Lac |
Rs.4.50/-
per thousand, minimum Rs.60/- |
| Above Rs.1 Lac up to Rs.10 Lacs |
Rs4.00/- |
Rs.450/- |
|
| Above Rs.10 Lacs |
Rs.3.50/- |
Rs.4000/- |
Rs.30000/- |
|
Note: In case of DD issued against cash:
up to Rs.5000/- --------------------------------------Rs.65/-
Rs.5000/- to Rs.25000/-----------------------------Rs.150/-
Rs.25000/- to Rs.50000/----------------------------Rs.300/-
Out of Pocket Expenses including providing cover for Drafts/ Mail / Telegraphic transfers drawn on up country centers, if any, should additionally be recovered. |
| 3. |
Remittances (RTGS) (charges per remittance) |
|
Outward
Inward |
Rs.50/- per transaction, irrespective of Amount-
Nil
Minimum amount of transaction for RTGS is Rs.1 Lac. |
| 4. |
Bankers’ cheque / Pay Order |
| Up to Rs.1,000/- |
Rs.30/- |
| Above Rs.1,000/- up to Rs.5,000/- |
Rs.45/- |
| Above Rs.5,000/- up to Rs.10,000/- |
Rs.60/- |
| Above Rs.10,000/- up to Rs.1 Lac |
Rs.3.50/- per Rs.1000/- or part thereof
(Minimum Rs.75/-) |
| Above Rs.1 Lac up to Rs.10 Lacs |
Re.2.50/- per Rs.1000/- or part thereof
(Minimum Rs.375/-) |
| Above Rs.10 Lacs |
Re.1.50 per Rs.1000/-
Minimum Rs.2500/-
Maximum Rs.7500/- |
| |
Note: The Banker’s cheques / Pay Orders will be issued to parties within the limits of a centre and they will be made payable within that centre only. Demand Drafts should not be issued which would be payable at the same centre except for the purpose of payment of fees by students / job application fees / payment of Government dues etc. Branches may issue Demand Draft in lieu of Banker’s cheque / Pay Order for local payment on account of Government dues. Service charges as applicable to issue of Pay Order will be levied for issuing such Demand Draft. |
| 5. |
National
Electronic Fund Transfer (NEFT)/ Electronic Funds Transfer (EFT) |
Outward Transaction:
1. upto Rs.10000/- - Rs.10/- per transaction
2. above Rs.10000/- upto Rs.50000/- - Rs.25/- per transaction
3. above Rs.50000/- - Rs.50/- per transaction irrespective of amount
Inward Transaction: No charges |
| 6. |
Electronic Clearing System (ECS) |
Credit Clearing (per entry / item):
NCC Clearing House ------------------------------------------------------------ No Charge
Destination Bank ----------------------------------------------------------------
No Charge
Sponsor Bank---------------------------------------------------------------------- -Rs.5.50
(Minimum Rs.2500/-)
Debit Clearing (per entry / item):
NCC Clearing House------------------------------------------------------------ No Charge
Destination Bank ---------------------------------------------------------------- Rs.2.00
Sponsor Bank-------------------------------------------------------------------- Rs.4.00
(Minimum Rs.2500/-)
|
| 7. |
Issue of Duplicate DD |
Non
Individual - Rs.75/- per instrument Individual - Rs.50/- per instrument |
| 8. |
Issue of Duplicate Bankers’ cheque / Pay Order |
Non
Individual - Rs.75/- per instrument Individual - Rs.50/- per instrument |
| 9. |
Revalidation of DD |
Non
individual - Rs.50/- per instrument Individual - Rs.40/- per instrument |
| 10. |
Cancellation of DD/PO |
Non
Individual - Rs.75/- per instrument.
Individuals - Rs.40/- per instrument
(Out of pocket expenses, postages, if any, to be recovered in full.)
NOTE: For DDs cancelled, charges may be recoverd to the extent of their value
, if the amount is less than of equal to Rs.75/- or Rs.40/- as the case may be. |
| 11. |
Duplicate Statement / Pass Book |
Non
individual - Rs.55/- per Pass Book (with latest balance) Individuals - Rs.40/- per Pass Book (with latest balance)
Duplicate Statement of current month – No charge
|
| 12. |
Stop Payment instruction |
Non
individual - Rs.120/- per instrument (All Centres)
Individuals - Rs.80/- per instrument (All Centres)
However, for the loss of cheque book charges are:
S/B – Rs.280/-,
C/D, C/C, O/D – Rs.600/- (flat) are to be recovered.
In the above case, the service charges for return of cheques may not be recovered. Otherwise it would amount to double charging.
|
| 13. |
Standing Instructions |
Rs.35/- per transaction
Involving credit to another account other than those of customers within the same Branch. If the transaction involves upcountry centres, remittances charges at the prescribed rates and the actual postages to be recovered additionally. Charges to be levied to the account from which the amount is transferred.
Note: Even if the standing instruction could not be carried out for insufficient balance in the account the charge of Rs.30/- is to be levied. However, standing instructions in respect of the following should be carried out free of charge: -
i) Crediting / Remitting interest in Term Deposits.
ii) Crediting / Remitting Recurring Deposit installments.
iii) Crediting / Remitting installment in Loan a/c. |
| 14. |
Issue of cheque books |
MICR cheques – Rs.3.00/- per cheque leaf at the time of issue. (All Centres)
Non-MICR cheques – Rs.2.00/- per cheque leaf at the time of issue of Non-MICR chequebook. (All Centres) However, for S/B a/cs of individuals, 50 cheque leaves per calendar year will be free. |
| 15. |
Handling charges for cheques returned unpaid (including cash / transfer cheques) / bills returned unpaid |
Cheque returned unpaid. Local cheques:
Non Individuals - Rs.100/- per instrument [due to insufficient funds]
Individuals - Rs.75/- per instrument [due to insufficient funds]
Non individuals - Rs.60/- per instrument [for technical reason]
Individuals - Rs.40/- per instrument [for
technical reason]
Outstation cheques:
50% of prescribed collection charges subject to min. Rs.100/-
Bills returned unpaid:
Local & Outstation Bills:
50% of prescribed collection charges subject to min. Rs.150/-
Out of pocket expenses / post and telegraph charges, if any, should be recovered in full |
| 16. |
Charges for not maintaining minimum balance |
CD -
Quarterly average balance
| Individual |
Other than Individual |
| Rs.5, 000/- |
Rs.10,000/- | Penal Charges Rs.200/- per
quarter
S/B with cheque book Rs.500/-
Penal Charges Rs.20/- per month
S/B without cheque book Rs.100/- Penal Charges Rs.15/- per month
Pensioners: (all centres)
With cheque book Rs.100/-
Without cheque book Rs.10/-
Penal Charges for pensioners:
With cheque book Rs.10/- per month
Without cheque book Rs.5/- per month
No Frill A/c NIL |
| 17. |
Ledger Folio used in CD/OD/CC A/cs |
Rs.65/- per Ledger folio
Free ledger folios allotted per year.
Subject to:
| Avg. credit |
Free Folios |
| Balance (Rs.) |
p.a. |
| up to Rs.25,000/- |
Nil |
| Above Rs.25, 000/- up to Rs.50,000/- |
3 |
| Above Rs.50, 000/- up to 1 Lac |
5 |
| Above 1 Lac up to 2 Lacs |
10 |
| Above 2 Lacs |
All | (For accounts maintained on AELPM computer 40 entries or part thereof to be treated as one ledger page.)
Note: No folio charges for
i) Savings Bank A/cs. |
| 18. |
Attestation of customer’s signature |
Non
Individual - Rs.50/- per signature Individula - Rs.40/- per signature |
| 19. |
Closure of Account within 12 months |
Non individual - Rs.150/- (All Centres)
Individuals - Rs.100/- (All Centres)
Additionally, the charges for consumption of folios should also be recovered as per the scale of charges applicable. |
| 20. |
Issuance of any other certificate e.g. No dues, Balance Confirmation, Maintenance of Account, etc. |
S/B - Rs.30/- per certificate
For business purposes – Rs.150/- per certificate
For agriculture purpose – No Dues Certificate / N.O.C. to be issued free of cost as per RBI Guidelines. |
| 21. |
Collection of Bills |
| Up to Rs.10,000/ |
- Rs.120/- per bill |
| Above Rs.10, 000/- up to Rs.1 Lac |
Rs.12/- per Rs.1, 000/- or part thereof (Min. Rs.250/-) |
| Above Rs.1 Lac |
Rs.10/- per Rs.1, 000/- or part thereof (Min. Rs.1200/-) (Max. Rs.35,000/-) | Note: If the cheques are presented by one of our Branches for collection to another, the presenting and collecting Branches will share the commission on 50:50 basis i.e. each Branch will charge 50% of the stipulated commission / service charges at its end. However, the postages / out–of-pocket expenses will be recovered fully wherever applicable.
These charges are to be collected upfront. Additionally holding charges @25% of the normal charges for every quarter beyond three months after due date are to be levied. |
| 22. |
Presentation of Usance Bills for acceptance. |
Rs.150/- per bill |
| 23. |
Enquiry relating to old records (more than 12 months old) |
Rs.130/- per item |
| 24. |
Loss of Token |
Rs.100/- per
token - from the customer's account who has lost the token |
| 25. |
Addition / deletion
of names in joint accounts / Nominations / Change in operational instructions
(lockers) First nomination will be free |
Rs.25/-
per occassion |
| 26. |
Penal Charges for
late payment of installments in Recurring Deposits |
a).
Deposit tenure upto 5 years @ Rs.1.75/- for every Rs.100/- per month b).
Deposit tenure above 5 years @Rs.2.25/- for every Rs.100/- per month |
| 27. |
Pledging /
Releasing of Term Deposit receipt in favour of other institutions |
Rs.25/-
per receipt per occassion |
| 28. |
Rentals of Safe
deposit vaults / Lockers |
For
Public - Rs.725/- per year For Staff - Rs.550/- per year
Late fine from Public:
Rs.15/- per month penalty to be recovered for late payment of rent |
