SERVICE CHARGES

 

1.      DD/TT/MT/PO /Bankers Cheque
2.      Cancellation/Revalidation /Issue of Duplicate DD
3.      Collection of Cheques/Bills
4.      Minimum Balance in Resident SB,CD and Term Deposits
5.      Charges for NOT maintaining Minimum Balance
6.      Minimum Service Charges on Return of Cheques for Want of Funds
7.      Miscellaneous Service Charges
8.      Service Charges for Inoperative Deposit Accounts
9.      Closure of Accounts Within One Year of Its Opening
10.  Overdue Interest on Defaulted Instalments of Recurring Deposits
11.  Issue of Cheque Books – SB, CD, OD/CC
12.  Issue of Duplicate SB/CD Statement/Pass Book
13.  Ledger Folio Charges on OD/CC accounts
14.  Ledger Folio Charges on SB accounts
15.  Handling Charges on Bills/Cheques Returned
16.  Standing Instructions
17.  Stop Payment
18.  Safe Deposit Lockers
19.  Closure and payments of proceeds of term deposits/SB/CD through other banks
20.  Any Where Banking (AWB)Service
21.  Fed Alert
22.  Extending Concessions in Service Charges
23.  RTGS and other payment systems

1. Remittances

                DD/TT/MT/PO /Bankers Cheque

 

Amount

Service Charges

DD/TT/MT/PO/

Bankers Cheques Rs.

Upto Rs.1000

15

Ab.1000-5000

15

Ab.5000-10000

25

Ab.10000-1 L

3 per 1000

Ab. 1 L -10 L

2 per 1000and part thereof and min Rs.300

Ab. 10 L

2 per 1000 and part thereof min.Rs.2000

Extra charges

Postage wherever applicable

Service Tax @ 12.24%

 

2. Cancellation/Revalidation /Issue of Duplicate DD

 

1. Cancellation of DD/PO when no

duplicate is issued

Rs. 15/- per instrument

 

2. Issue of duplicate DD/PO

Rs. 30/- per instrument

3. Revalidation of DD/PO

Rs. 20/- per instrument

 

 

3. Collection of Cheques/Bills.

Amount

 

Rates

 

Rates

 

Outstation /Local Cheques

 

 

 

Outstation /Local Bills

 

Upto Rs.250

 

Upto Rs.1000/-

15

 

 

Upto Rs.1000/-

20

Ab.Rs250-.500

 

 

Ab. Rs.500-1000

 

 

Ab.1000-5000

 

25

 

30

Ab.5000-10000

 

35

 

50

Ab.10000-1 L

 

3.5 per 1000

 

5 per 1000

Ab. 1 L -10 L

 

3 per 1000and part thereof and min RS.350

 

4 per 1000and part thereof and min RS.500.

Ab. 10 L

 

2.5 per 1000and part thereof and min.RS.3000

 

4 per 1000and part thereof.

Extra Charges

 

Postage

Service Tax @12.24%

 

Postage

Service Tax @12.24%

 

 

4. Minimum Balance in Resident SB, CD and Term Deposits

(Amount in Rupees)

 

SB without cheque book

SB with cheque book

CD

Term deposits

Special Deposits schemes like FEDFLEXI &
MULTI-BENEFIT

Rural

500

 

750

 

3000

 

1000

15000

 

Semi urban

500

 

1000

 

3000

 

1000

20000

Urban

500

1000

 

5000

 

1000

25,000

 

Metro

500

 

1000

 

5000

 

1000

25000

 

 

5.Charges for NOT maintaining Minimum Balance

Incidental charges as per the following rates will be levied on a quarterly basis, from the current Quarter(1st October2005 to 31st December2005) on the basis of Average Quarterly minimum balance maintained  in the  SB/CD account. The charges for not maintaining the stipulated minimum balance for Fed card, Visa-Silver and Visa-Gold cards will also be henceforth levied on a quarterly basis, on the basis of Average Quarterly minimum balance. 

 

 

SB (Rs.)

 

CD (Rs.)

 

Rural

20

50

Semi urban

30

50

Urban

50

100

Metro

50

200

Extra Charges: Service tax @12.24%

 

 

6.Minimum Service Charges on Return of Cheques for Want of Funds

                                                                                                                                                         (Amount in Rs)

 

                   SB/CD/ODCC

For first 3 returns

                    50  Per cheque

For return of cheques on more than 3 occassions in the same account

                  100  Per cheque

Extra Charges : Service Tax @ 12.24%

 

 

7.Miscellaneous Service Charges

Particulars

Service Charges (Rs.)

 

Demand/Call/Security Deposit (Non interest bearing)

40.00

 

Term Deposits opened for the purpose of security deposit

50.00

 

Issue of duplicate Demand/Security deposit receipts (including security deposit opened as term deposits).

30.00

 

Service Charges for TOD in Current Accounts

A flat rate of Rs. 20/- per cheque to be charged in addition to the interest

 

Service charges for TOD in SB accounts

A flat rate of Rs. 10/- per cheque to be charged in addition to the interest.

 

 

8.Service Charges for Inoperative Deposit Accounts

Particulars

Service Charges

·        DDC/Home Savings/Recurring Deposit accounts inoperative for more than 6 months

Rs. 25/- per year

Note: When arrears are cleared with overdue interest, it would be in order for branches to refund this service charges already debited.

·        SB accounts inoperative for more than one year without maintaining the minimum balance specified

Rs. 30/- per year

·        CD accounts inoperative for more than one year without maintaining the minimum balance specified.

Rs. 40/- per year

 

Service Tax  12.24% applicable

 

9.Closure of Accounts Within One Year of Its Opening

 

Particulars

Service Charges (Rs.)

1.     Current Accounts

100/-

·        Savings Bank Accounts

50/-

Recurring Deposits

        i.          Premature closure before completion of 3 months

20/-

·        Defaulted but closed on or after due date

20/-

·        Premature closure of defaulted accounts

20/-

 

 

 

 
 
10.Overdue Interest on Defaulted Instalments of Recurring Deposits

Particulars

Service Charges (Rs.)

Recurring deposit other than Super Savings Fund

Rs.1/- for every Rs. 100/- per month subject to a minimum of Rs. 5/-

Super Savings Fund

No Overdue Interest

Note:

1.     Fraction of a month is treated as full month for the purpose of calculating penalty.

2.     Instalment paid on or before the due date or within the grace period of 10 days shall be deemed as payment in time.

3.     Overdue interest need not be collected if the customer is ready to remit equal number of defaulted instalments in advance

 

11.Issue of Cheque Books – SB, CD, OD/CC

 

Particulars

Service Charges (Rs.)

a). MICR Cheques

Rs. 2/- per cheque leaf at the time of issue of cheque book

b). Non-MICR Cheques

Rs. 1/- per cheque leaf at the time of issue of cheque book

 

Service tax  12.24% applicable

 

Note:

1.     For SB account of individuals 3 cheque books of 20 leaves may be issued free of charges in a calendar year.

2.     For elite and premium current accounts, as per scheme

Multi-Benefit Deposit Accounts

Rs. 40/- per cheque book of 20 leaves at the time of issue of cheque book

 

12.Issue of Duplicate SB/CD Statement/Pass Book

 

Particulars

Service Charges (Rs.)

1.     Pass Book/Statement with latest balance only

Rs. 15/-

·        Pass book/Statement with previous entries (if required)

Rs. 15/- per ledger page or part thereof.

For accounts maintained on computers, 40 entries or part thereof be treated as one ledger page.    Service tax 12.24% applicable

 

13. Ledger Folio Charges on OD/CC accounts

 

Particulars

Service Charges (Rs.)

Ledger Folios used in Current/OD/CC accounts

Rs. 50/- per page

Service Tax 12.24% applicable

Average Credit Balance

Free Pages allowed per Year

       I.          Upto Rs. 25000/-

NIL

·        Above Rs. 25000/-

2

·        Above Rs. 50000/- upto 1.00 lakhs

4

·        Above Rs. 1.00 lakhs upto Rs. 2.00 lakhs

8

·        Above Rs. 2.00 lakhs

All

 

 

14.Ledger Folio Charges on SB accounts

 

Particulars

Service Charges (Rs.)

For Metro and Urban branches

Rs. 25/- per folio with provision for one free folio per quarter

For others

Rs. 12 per folio with provision for one free folio per quarter.

 

Service Tax 12.24% applicable

 

15.Handling Charges on Bills/Cheques Returned

 

Particulars

Service Charges (Rs.)

1.     Clearing cheques presented by us returned unpaid for any reason other than our fault

Rs. 50/- per cheque

·        Local (Other than clearing)

Rs. 50/- per cheque

·        Outside (OBC)

50% of collection charges plus postage

·         

Service Tax 12.24% applicable

 

  16.Standing Instructions

 

Particulars

Service Charges (Rs.)

Standing Instructions

Rs. 5/- per transaction involving credit to another account of same branch.  Service Tax 12.24% applicable

Note:

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 . Charges for standing instructions can be waived in the case of NRESB accounts maintaining a minimum balance of Rs. 5000/- or more.

 

17. Stop Payment

Stop Payment Instructions

For all types of accounts

Rs. 15/- per instrument

Service tax 12.24% applicable

Issue of Duplicate Loan Pass Books/

Gold Loan Token

Rs. 10/- per item

Service Tax 12.24% applicable

 
 
18. Safe Deposit Lockers

Particulars

Service Charges (Rs.)

 

Safe Deposit Lockers

1.     For breaking open of safe deposit lockers when key is lost by the hirer

 

Actual charges plus Rs. 250/-

2.     For lockers operated frequently more than 10 times in a month

 

Rs. 50/- for every additional operation beyond 10 times in a month. (Bull 33/00)

              Service Tax @12.24% applicable

 

Safe Deposit Locker – Key Deposit and Locker Rentals

Metro/Urban branches

 

Size of locker

Rent per annum (Rs)

Key Deposit (Rs)

Small

700

4600

Medium

1000

5500

Large

1500

7000