Service Charge Structure
(with effect from 1st
May, 2008)
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Savings
Bank
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SB-
Rural
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SB-
Senior Citizen
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Current/CC/OD
accounts
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Charges (Per quarter) for non-maintenance of minimum balance ( As per current rules, minimum balance for ordinary SB account is Rs.1000/- and that for ordinary CD account is Rs.5000/-. However this stipulation differs from scheme to scheme) |
Rs.150 |
Rs.120 |
Rs.120 |
Rs.300 |
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Issue of Duplicate Statement/Pass book (Maximum period 12 months) |
Rs.50 |
Rs.40 |
Rs.40 |
Rs.100 |
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Issue of cheque leaves |
Rs.2 per cheque leaf. |
Rs.1.60 per cheque leaf |
Rs.1.60 per cheque leaf |
Rs.3 per cheque leaf. |
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Mode of calculation of minimum balance in
CBS branches (For the purpose of computing service charges) |
Quarterly basis |
Quarterly basis |
Quarterly basis |
Quarterly basis |
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Charges for recording Reconstitution of account |
Rs.100/- per occasion (Individuals exempted) |
Rs.80/- per occasion (Individuals exempted) |
Rs.80/- per occasion (Individuals exempted) |
Rs.100/- per occasion |
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Savings
Bank
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SB-
Rural
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SB-
Senior Citizen
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Current/CC/OD
accounts
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Stop
Payment instructions
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Rs.35/- per instrument Maximum Rs.300 at a time for a series of cheques |
Rs.28/- per instrument Maximum Rs.240 at a time for a series of cheques |
Rs.28/- per instrument Maximum Rs.240 at a time for a series of cheques |
Rs.50/- per instrument Maximum Rs.500 at a time for a series of cheques |
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Standing
Instructions
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Registration |
Rs.35/- (one time charge) |
Rs.28/- (one time charge) |
Rs.28/- (one time charge) |
Rs.50/- (one time charge) |
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Amendment |
Rs.35/- on every event |
Rs.28/- on every event |
Rs.28/- on every event |
Rs.50/- on every event |
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Execution |
Rs.10/- per transaction |
Rs.8/- per transaction |
Rs.8/- per transaction |
Rs.15/- per transaction |
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Non Execution Charges (due to insufficient funds) |
Rs.10/- per transaction |
Rs.8/- per transaction |
Rs.8/- per transaction |
Rs.15/- per transaction |
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In the case of transactions involving an upcountry centre, remittance charges at the prescribed rate and the actual postage shall be recovered additionally. Charges for standing instructions are to be levied to the account from which the amount is transferred. No charges need be levied for periodic transfer of interest on term deposits to other accounts of same branch. No service charge need be levied in cases of inter branch and intra-branch transfer of funds for credit of demand loans/term loans. No service charge need be levied in the case transfer from Savings Bank/Current Account and OD/CC Account to Recurring Deposits maintained with our bank. Charges for standing instructions can be waived in the case of NRESB accounts maintaining a minimum balance of Rs.5000 or more. |
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Minimum service charges on outward return (inward clearing) of local cheques for no fault of the bank |
Rs.75 per cheque |
Rs.60 per cheque |
Rs.60 per cheque |
Rs.100 per cheque |
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Handling Charges on Bills/Cheques
Returned (Inward Return) |
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Local cheques presented by us returned unpaid for any reason other than our fault |
Rs. 50/- per cheque |
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Local (Other than clearing) |
Rs. 50/- per cheque |
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Outside (OBC) |
Collection charges plus postage. Minimum Rs.50/-. |
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In addition to the above charges, interest at PLR for the days on which the Bank was kept out of funds should be collected, in the case of cheques of above Rs.2 L received through inward clearing |
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Service charges for TOD in current accounts |
A flat rate of Rs.30 per cheque will be charged in addition to the interest |
A flat rate of Rs.24 per cheque will be charged in addition to the interest |
A flat rate of Rs.24 per cheque will be charged in addition to the interest |
A flat rate of Rs.50 per cheque will be charged in addition to the interest |
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Closure
of accounts
Before 6 months |
75
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60 |
60 |
150 |
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No charge for closing of the account due to the death of the customer. No charge for transfer of accounts between our branches |
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Miscellaneous service
charges
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Demand/Call/Security Deposit (Non interest bearing) |
40 |
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Term deposits opened for the purpose of security deposit |
50 |
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Issue of duplicate Demand/Security deposit receipts (including security deposit opened as term deposits) |
30 |
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Service charges on inoperative
deposit accounts
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SB/CA/DDC/RD inoperative for more than 6 months |
Rs.25 per half year |
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OD interest on defaulted RD |
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Rs.1 for every Rs.100 per month subject to a minimum of Rs.10/-. Fraction of a month is treated as full month for calculating penalty. Instalment paid on or before the due date or within the grace period of 10 days shall be deemed as payment in time. Overdue interest need not be collected if the customer is ready to remit equal number of defaulted instalments in advance. |
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Premature closure of RD within one year Rs.50. No charge for closing due to death of the customer. No charge for transfer of RD accounts between our branches |
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Issue of duplicate
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Rs.30
per item
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Issue of
DD/TT/MT/PO/Bankers Cheque |
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DD - Issue |
Rs.2.50 per thousand Min. Rs.25 |
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Service charges for cash remittance above Rs.10000/- for DD/TT/MT/P.O (This charge is not universal. Depending upon the cash management position of the branch, Branch Manager are delegated with power to waive the collection of this charge) |
Rs.10/- per Rs.1000/- |
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DD-Cancellation |
Upto & incl.Rs.10000 |
Rs.75/- per instrument |
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Above Rs.10000 |
Rs.100/- per instrument |
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DD-Duplicate |
Upto & incl.Rs.10000 |
Rs.75/- per instrument |
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Above Rs.10000 |
Rs.100/- per instrument |
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DD-Revalidation |
Upto & incl.Rs.10000 |
Rs.75/- per instrument |
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Above Rs.10000 |
Rs.100/- per instrument |
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RTGS Service Charges
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Customer outward transactions |
Rs.2/- per Rs. 1000/- with a minimum of Rs. 200/- and maximum of Rs.1500/- per transfer . |
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Customer inward transactions |
Rs.100/- per transaction |
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NEFT Service Charges
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Customer outward transactions |
Rs.2/- per Rs. 1000/- with a minimum of Rs. 25/- |
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Customer inward transactions |
Rs.50/- per transaction for amounts up to Rs.50,000/-. Rs.100/- per transaction for amounts above Rs.50000/-. |
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Closure
and payments of proceeds of term deposits/SB/CD through other banks
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Where outstation remittances are involved |
Normal remittance charges (DD commission + Postage) |
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Where proceeds are remitted locally |
Normal remittance charges (Pay order commission) |
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FedNet (Internet
Banking)
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Issue of DD/PO, issue of cheque book, standing instructions |
Issue charges plus applicable postal charges. |
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Stop Payment/Revoke stop payment/E-shopping payment |
Nil |
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Funds transfer Transfer from SB/NRE SB account Transfer from CD/ODCC |
Nil 50% of DD/MT/TT charges |
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Telephone bills |
A service charge of Rs.5/- per bill will be charged in respect of payment of telephone bills exceeding 5 numbers in a month paid through a single FedNet account. |
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Fed
Alert
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Category
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Fee Structure (per Account)
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SB NRE/ONR |
FREE |
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SB (Minimum balance Rs.10000 & above) |
FREE |
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Current account (Minimum balance Rs.25000 & above) |
Free |
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ODCC |
All transactions Chargeable at Rs 50 per month. If customer does not opt for the charged service no alerts will be provided. |
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Collection
of Cheques (outstation)
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Rs.3 per Rs.1000/- subject to Minimum of Rs.15/- plus actual out of pocket expenses. (Out of pocket expenses only to be collected manually). |
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Collection of
Outstation / Local bills
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Bills upto Rs.5000/- |
Rs.50/- + out of pocket expenses |
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Bills over Rs.5000/- to Rs.10000 |
Rs.75/- per + out of pocket expenses. |
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Bills over Rs.10000/- to Rs.1 L |
Rs.5 per 1000/- or part thereof subject to a minimum of Rs.75/- |
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Above Rs.1 L |
Rs.4 per 1000/- or part thereof subject to a minimum of Rs.500/- |
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Documents received for collection: if required to be delivered FREE OF PAYMENT to drawee OR to be returned back as UNREALISED |
Normal Collection Charges + out of pocket expenses. |
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Documents/Bills received for collection: CHANGE OF ORIGINAL INSTRUCTIONS in respect of outward/inward bill for collection including (Waiving C Form, delivery Free of Payment, extending retirement time etc.) |
Rs. 50/- PER REQUEST from the proceeds of collection unless instructed otherwise.
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Presentation of usance bill for acceptance |
Rs.100/- |
ANYWHERE BANKING SERVICES |
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Any Where Remittance
(Cash/Cheque)
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Rs.2.50
per Rs.1000/- Minimum Rs.25
(Free
for remittance at any branch in the centre where base branch is situated.)
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Any Where Cash Payment
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Rs.2.50
per Rs.1000/- Minimum Rs.25
(Free
for payment upto Rs.20,000/- at any
branch – Third party withdrawal permitted only if paying branch and
base branch are under the same clearing centre)
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Any
Where Clearing Payment
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i. Cheques are payable at par at the centre of the base branch. ii. On request of the customer, multi-city cheque facility can be provided on following conditions. a. Normally, the centres where the cheques are to be paid at par should be specified and got endorsed on the cheques. b. Limit on amount of individual cheque will be prescribed, depending upon the centre. c. 50% of the DD charges are payable for the facility Plus expenses, if any incurred for arranging funds above Rs.2 lakhs in non-RBI centres |
Any Where Clearing Collection |
i. Customers can entrust cheques drawn on the same clearing centre as that of the base branch at any branch in the same clearing centre – No charges are payable. ii. Customers can entrust Cheques drawn on any centre (other than that of his base branch) at service branch/clearing branch of that centre for collection and credit of his account --- 50% of the normal collection charges are payable |
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ATM
and VISA international debit cards |
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Basic Features |
Silver Card – ATM cash withdrawal Rs.15000/- POS terminal Rs.15000/- Gold Card - ATM cash withdrawal Rs.50,000/- POS terminal Rs.50,000/- Diamond Card - ATM cash withdrawal Rs.50,000/- POS terminal Rs.75,000/- A
minimum balance of Rs.1000/- is mandatory for ATM withdrawals. If the balance
falls below Rs.1000/-, transaction will not be permitted through ATM |
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Membership Fee |
Nil |
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Annual Fee |
50 (From second year) |
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Renewal Charges |
Nil |
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Replacement charges |
Lost card (Duplicate Card) Rs.150 |
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Duplicate PIN |
Rs.50/- |
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Federal Bank ATM : Cash Withdrawal Mini statement of account |
Free One mini-statement per day Free |
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Transactions done on other banks’ ATMs in the VISA network - Domestic |
Cash Withdrawal Rs.20/- Balance Enquiry Free |
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Transactions done on other banks’ ATMs in the VISA network - International |
Cash Withdrawal Rs.100/- Balance Enquiry Rs.25/- |
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Transfer of funds by deposit of cash/cheques in ATM |
For fund transfer within the same centre (same clearing centre) by deposit of Cash / Cheque in ATMs |
Free of Charges |
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Cash deposited in ATM and sent to other branches through AWB |
Charges applicable to remittance through AWB |
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Cheques deposited in ATM and proceeds to be sent to other branches through AWB after collection |
Normal collection charges applicable to OBC |
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Transfer of funds
through ATM |
50% of the normal charges (DD/MT/TT charges) will be levied from customers who transfer funds to his own linked accounts through ATMs exceeding Rs. 50000/- in a quarter. |
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TOD through ATM |
In addition to the service charge of Rs.50 per half year for not maintaining minimum balance, TOD interest at 17.50% (monthly rest) will be charged. |
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In Point of Sales (POS) transactions by default, primary account is selected. POS transactions in Petrol pumps and Railways attract surcharge @ 2.50% of the amount of transaction, which will be debited from the customer later. |
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Miscellaneous |
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Balance Certificate/ other Certificate |
Rs.100/- |
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Postal Charges: Ordinary Post Registered Post |
Rs.15/- or actual for ordinary post whichever is higher Rs.40/- or actual expenditure- whichever is higher. |
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Interest Certificate |
Rs.100/- (One certificate per account in a year- free) |
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Old Record Inquiries: Upto one year old Beyond one year |
Min. Rs.50/- per reference/ request/ document/ per sheet Rs.100/-per reference/request/document/ sheet |
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Allowing operations through Power of Attorney / Mandate |
Rs.100/- per annum |
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Change of Authorized Signatory in Accounts |
Rs. 100/- per occasion (except for change due to death of the existing signatory), No charges for SB account of individuals. |
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