AGB - Aryavart Gramin Bank

AGB - Aryavart Gramin Bank/ A Joint undertaking of Govt. of India, U.P. Govt. & Bank of India

Services Charges & Fees

Service Charges

S.No

Nature of Service

Service Charges (after loading the Service Tax)

Cheques for collection

Up to Rs.10,000/-

Rate per Rs.1,000/-

Minimum Charges

Maximum Charges

Rs.6/-

Rs.60/-

Above Rs.10,000/- up to Rs.1 Lac

Rs.6.50

Rs.65/-

Above Rs.1 Lac

Rs.5.50

Rs.650/-

Rs.35,000/-

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.

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.

Remittances (RTGS) (charges per remittance)

Outward

Inward

Rs.50/- per transaction, irrespective of Amount-

Nil

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.

Electronic Funds Transfer (EFT)

Outward Transaction: Equal to 100% of Draft charges.
Inward Transaction: No charges

Electronic Clearing System (ECS)

Credit Clearing (per entry / item):
NCC Clearing House ------------------------------------------------------------ No Charge
Destination Bank ---------------------------------------------------------------- No Charge
Sponsor Bank---------------------------------------------------------------------- -Rs.7.50
(Minimum Rs.2850/-)
Debit Clearing (per entry / item):
NCC Clearing House------------------------------------------------------------ No Charge
Destination Bank ---------------------------------------------------------------- Rs.2.00
Sponsor Bank-------------------------------------------------------------------- Rs.4.00
(Minimum Rs.2500/-)
Returning Charges -------------------------------------------------------------- Rs.80/-

Issue of Duplicate DD

Rs.75/- per instrument

Issue of Duplicate Bankers’ cheque / Pay Order

Rs.75/- per instrument

Revalidation of DD

Rs.50/- per instrument

10.

Cancellation of DD/PO

Rs.75/- per instrument. Out of pocket expenses, postages, if any, to be recovered in full.

11.

Duplicate Statement / Pass Book

Rs.55/- per Pass Book (with latest balance)
Duplicate Statement of current month – No charge

12.

Stop Payment instruction

Rs.120/- 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.
Note: Cheques drawn on Deposit or Advances accounts when returned where stop payment instructions have been given – Only Service Charges towards stop payment instruction are to be recovered at the time of noting the instruction.

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:
Rs.100/- per instrument [due to insufficient funds]
Rs.60/- 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

All Centres

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

Rs.50/- per signature

19.

Closure of Account within 12 months

Rs.150/- (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.35/- 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.10/- per Rs.1, 000/- or part thereof (Min. Rs.185/-)
Above Rs.1 Lac	Rs.12/- 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

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Annexure – ‘A’

Rental of Safe Deposit Vault Lockers for Public

	Urban Centre		Semi – urban & Rural Centres
	Rental Charges per year (Rs.)	Concession for one year advance payment (Rs.)	Rental Charges per year (Rs.)	Concession for one year advance payment (Rs.)
A	620	20	500	20
B	685	20	560	20
C	875	20	745	20
D	745	20	685	20
E	1175	20	995	20
F	1730	30	1490	20
G	1425	20	1425	20
H	2475	30	2040	30
H1	1175	20	995	20
L	3220	60	2780	60
L1	2535	30	2290	30

Rental of Safe Deposit Vault Lockers for Staff

	Urban Centre		Semi – urban & Rural Centres
	Rental Charges per year (Rs.)	Concession for one year advance payment (Rs.)	Rental Charges per year (Rs.)	Concession for one year advance payment (Rs.)
A	470	20	375	20
B	515	20	430	20
C	650	20	560	20
D	560	20	515	20
E	885	20	745	20
F	1300	20	1115	20
G	1070	20	1070	20
H	1855	30	1540	20
H1	885	20	745	20
L	2410	30	2090	30
L1	1905	30	1720	30

Note: i) The amount of concession granted on advance payment of rent continues to remain in the range of Rs.20/- to Rs.60/-.
II) The locker rentals for odd sized lockers and locker cabinets be raised by 10% (rounding to the nearest Rs.5/10)

S.No		Rental Charges
1.	Safe Custody charges	i) Safe custody: A/c opening charges -Rs.230/- Safe Custody charges – Rs.5/-per scrip (min. Rs.60/- p.a. or part of thereof) ii) Safe Deposit of Articles: Sealed cover – Rs.115/- p.a. per cover or part thereof Sealed cover For Smaller boxes: 10x10x10 cms – Rs.560/- p.a. per box 20x20x20 cms – Rs.1, 125/- p.a. per box 30x30x30 cms – Rs.1, 685/- p.a. per box For Larger boxes: @ 10 paise per cubic cm. Min.3, 370/- p.a. per box Note: No charge to be levied for Safe Custody of Bank’s own Deposit Receipt
2.	Certificate of holding	Rs.115/- per sheet issued in duplicate. For additional copies Rs.60/- per copy.
3.	Collection of Interest / Dividend	2.75% minimum Rs.30/- per warrant. For warrants up to Rs.50/- the charges are discretionary.
4.	Charges for deletion of deceased name, merger of companies, change in name etc.	Rs.115/- per company
5.	Enquiry relating to old records (more than 12 months old)	Rs.115/- per item
6.	Loss of Token	Rs.115/- per token (to be recovered from Drawer’s account)

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Revised Service Charges related to NTG/Non Priority Sector Advances

S. No.		Revised Charges
1.	Processing Charges : a. At rural centres : Beyond Rs.2 Lacs b. At other centres: Beyond Rs.2 Lacs	@ Rs.115 per Lac subject to a max. of Rs.1.15 Lac @ Rs.145 per lac subject to a max. of Rs.1.45 Lac
2.	Documentation Charges a. Above Rs.2 Lacs & upto Rs.5 Lacs b. Above Rs.5 Lacs & upto Rs.20 Lacs c. Above Rs.20 Lacs & upto Rs.50 Lacs d. Above Rs.50 Lacs & upto Rs.5 crores e. Above Rs.5 crores	Rs.1, 150/- Rs.1, 740/- Rs.3, 065/- Rs.4, 600/- Rs.11, 480/-
3.	Inspection Charges per visit Up to Rs.2 Lacs Beyond Rs.2 Lacs & up to Rs.20 Lacs Above Rs.20 Lacs & up to Rs.50 Lacs Above Rs.50 Lacs & up to Rs.100 Lacs Above Rs.1 crores to Rs.5 crores Above Rs.5 crores	Rs.31/- p.a. Rs.180/- Rs.358/- Rs.690/- Rs.1, 150/- Rs.1, 740/-
4.	Charges for supplying copies of documents Up to limits Rs.2 Lacs Up to Rs.100 Lacs Beyond Rs.100 Lacs	Rs.31/- Rs.118/- Rs.230/-
5.	Guarantees – Inland Performance Guarantees At Rural Branch At Other Centres	Rs.138/- plus 0.51% per quarter or part thereof with a minimum for 2 quarters Rs.180/- plus 0.61% per quarter or part thereof with a minimum for 2 quarters
	Finance Guarantees At Rural Branches At Other Centres	Rs.138/- plus 0.68% per quarter or part thereof with a minimum for 1.38% Rs.180/- plus 0.86% per quarter or part thereof with a minimum for 1.73%

Annexure – ‘C’

SERVICE CHARGES APPLICABLE TO PRIORITY SECTOR ADVANCES

S. No		Revised Charges
1.	Processing Charges: a. At Rural Branches i) Up to Rs.25,000/- ii) Above Rs.25,000/- to Rs.2 Lakh iii) Above Rs. 2 Lakh b. Other Branches i) Up to Rs.25,000/- ii) Above Rs.25,000/- to Rs.2 Lakh iii) Above Rs. 2 Lakh	Nil Rs.130/- Rs.115/- per Lakh or part thereof Nil Rs.140/- Rs.140/- per Lakh or part thereof
2.	Charges upon review of term loan limits: a. At Rural Branches i) Up to Rs.2 Lakh ii) Above Rs. 2 Lakh b. Other Branches i) Up to Rs.2 Lakh ii) Above Rs. 2 Lakh	Rs.50/- Rs.55/- per Lakh or part thereof Nil Rs.56/- per Lakh or part thereof
3.	Documentation Charges a. Up to Rs.2 Lakh b. Above Rs.2 Lakh and up to Rs.5 Lakh c. Above Rs.5 Lakh and up to Rs.20 Lakh d. Above Rs.20 Lakh and up to Rs.50 Lakh e. Above Rs.50 Lakh up to Rs.5 crore f. Above Rs.5 Crores>	Rs.250/- Rs.1, 250/- Rs.1, 800/- Rs.3,000/- Rs.4, 750/- Rs.12,000/-
4.	Inspection Charges per visit a. Up to Rs.25,000/- b. Above Rs.25,000/- to Rs.2 Lacs c. Beyond Rs.2 Lacs to Rs.5 Lacs D. Above Rs.5 Lac to 20 Lac E. Above Rs.20 Lacs & up to Rs.50 Lacs F. Above Rs.50 Lakh to Rs.5 crore G. Above Rs.5 crore	Nil Rs.50/-p.a. Rs.200/- Rs.425/- Rs.750/- Rs.1, 250/- Rs.2, 000/-

Services Charges & Fees

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AGB - Aryavart Gramin Bank