Service Charge Structure

 

All the charges/fees listed below is subject to service tax, which is to be added extra.

 

 

Savings Bank

SB- Rural

SB- Senior Citizen

Current/CC/OD accounts

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.300/-

Rs.240/-

Rs.240/-

Rs.500/-

Accounts Maintenance Charge (free folios if any, as per schemes)

Rs.30/- per fifty transactions

Rs.30/- per fifty transactions

Rs.30/- per fifty transactions

Rs.30/- per fifty transactions

Issue of Duplicate Statement/Pass book

(Maximum period 12 months)

Rs.100/-

Rs.80/-

Rs.80/-

Rs.100/-

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.

Mode of calculation of minimum balance in CBS branches  (For the purpose of  computing service charges)

Quarterly basis

 

Quarterly basis

Quarterly basis

Quarterly basis

 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

 

Savings Bank

SB- Rural

SB- Senior Citizen

Current/CC/OD accounts

Stop payment instructions

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

Standing Instructions

 

 

 

 

Registration

Rs.50/- (one time charge)

Rs.40/-  (one time charge)

Rs.40/-

(one time charge)

Rs.50/- (one time charge)

Amendment

Rs.50/- on every event

Rs.40/- on every event

Rs.40/- on every event

Rs.50/- on every event

Execution

Rs.10/- per transaction

Rs.8/- per transaction

Rs.8/- per transaction

Rs.15/- per transaction

Non Execution Charges (due to insufficient funds)

Rs.10/- per transaction

Rs.8/- per transaction

Rs.8/- per transaction

Rs.15/- per transaction

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 charge need be levied in cases of inter branch and intra-branch transfer of funds for credit of demand loans/term loans. No 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.

Minimum service charges on outward return (inward clearing) of local cheques for no fault of the bank

Rs.300/- per cheque

Rs.240/- per cheque

Rs.240/- per cheque

Rs.500/- per cheque

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

Handling Charges on Bills/Cheques Returned (Inward Return)

Local cheques presented by us returned unpaid for any reason other than our fault

Rs. 75/- per cheque

Local (Other than clearing)

Rs. 75/- per cheque

Outside (OBC)

Collection charges plus postage. Minimum Rs.75/-.

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

Closure of accounts

Before 6 months

Rs.75/-

Rs.60/-

Rs.60/-

Rs.150/-

No charge for closing of the account due to the death of the customer. No charge for transfer of accounts between our branches

Miscellaneous service charges

 

Demand/Call/Security Deposit (Non interest bearing)

Rs.40/-

Term deposits opened for the purpose of security deposit

Rs.50/-

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

Rs.30/-

Service charges on inoperative deposit accounts

 

SB/CA/DDC/RD inoperative for more than 6 months

NIL

OD interest on defaulted RD

Re.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. Installment 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 installments in advance.

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

 

Issue of duplicate Loan Pass books/Gold Loan Token

Rs.30/- per item

Issue of DD/TT/MT/PO/Bankers Cheque

DD - Issue

Rs.2.50/- per thousand  Min. Rs.25/-

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 is delegated with power to waive the collection of this charge)

 

Rs.10/-

DD-Cancellation

Upto & incl.Rs.10000/-

Rs.75/- per instrument

 

Above Rs.10000/-

Rs.100/- per instrument

 

DD-Duplicate

 

Upto & incl.Rs.10000/-

 Rs.75/- per instrument

 

Above Rs.10000/-

Rs.100/- per instrument

 

DD-Revalidation

Upto & incl.Rs.10000/-

Rs.75/- per instrument

 

Above Rs.10000/-

 Rs.100/- per instrument

 
RTGS Service Charges

Customer outward transactions

Rs. 1 to 5 lakh             -  Rs. 25 per transaction

Rs. 5 lakh and above   -  Rs. 50 per transaction 

Customer inward transactions

Free 

NEFT Service Charges

Customer outward transactions

Up to Rs. 1 lakh           -  Free

Rs.1 lakh and above     -  Rs. 25 per transaction

Customer inward transactions

Free

Closure and payments of proceeds of term deposits/SB/CD through other banks

Where outstation remittances are involved

Normal remittance charges

(DD commission + Postage)

Where proceeds are remitted locally

Normal remittance charges

(Pay order commission)

FedNet (Internet Banking)

Issue of DD/PO, issue of cheque book, standing instructions

Issue charges plus applicable postal charges.

Stop Payment/Revoke stop payment/E-shopping payment

Nil

Funds transfer

Transfer from SB/NRE SB account

Transfer from CD/ODCC

 

 

Nil

50% of DD/MT/TT charges

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.

Fed Alert

Category

Fee Structure (per Account)

SB NRE/ONR

FREE

SB

Half-yearly Fee of Rs.100/-. FREE for accounts with AQB  Rs.5000/- & above

Current account

Half-yearly Fee of Rs.100/-. FREE for accounts with AQB  Rs.25000/- & above

ODCC

All transactions Chargeable at Rs 50/- per month. If customer does not opt for the charged service, no alerts will be provided.

 

 

 

Collection of Cheques (outstation)/LCC

Below Rs. 10,000

Rs.50 per instrument

Rs.10, 000 to Rs. 1,00,000

Rs. 100 per instrument

Rs.1, 00,001 and above

Rs. 150 per instrument

Collection of Outstation / Local bills

Bills upto Rs.5000/-

Rs.50/- + out of pocket expenses

Bills over  Rs.5000/- to Rs.10000

 Rs.75/- per + out of pocket expenses.

Bills over Rs.10000/- to Rs.1 L

Rs.5/- per 1000/- or part thereof subject to a minimum of Rs.75/-

Above Rs.1 L

Rs.4/- per 1000/- or part thereof subject to a minimum of Rs.500/-

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.

 

 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.

      

 

Presentation of usance bill for acceptance                  

Rs.100/-

Cash Handling Charges

Cash handling charges for remittance into Current and OD/CC accounts (Cash handling charges will be at the discretion of the Principal Officer of the branch depending upon the branch’s requirement of cash, opportunities for profitable disposal of cash etc. The limits fixed are upper limits in which discretion of the branch manager subsists)

5 packets or up to Rs.100,000– NIL

Above free limit – Rs.10 per packet

Min Rs.50/- Max Rs.10,000/-

1 Packet  – 100 pcs..

 

ANYWHERE BANKING SERVICES
 

Any Where Cash Remittance

Rs.3/- per Rs.1000/- Minimum Rs.50/- (Free for remittance at any branch in the centre where base branch is situated). Cash handling charges to be collected additionally.

Any Where Cash Payment
Rs.3/- per Rs.1000/- Minimum Rs.50/- (Free for payment upto Rs.20,000/- per day at same clearing centre.) Maximum payment restricted to Rs.2 L for self and Rs.1 L for third party per day per branch per account.

Any Where Funds Transfer
Upto Rs.20,000/-       -  Free  per month Above  Rs. 20,000/-  - Rs.50/- per transfer  (Free for transfer to any branch in the same clearing centre where base branch is situated.)

Any Where Clearing Payment

i.    Cheques are payable at par at the same clearing centre of the base branch.

ii.  On request of the customer, multi-city/multicity plus/anywhere cheque facility can be provided on following conditions.

a.       For multi city, multi city plus cheques, the centres are specified where the cheques are to be paid at par and Anywhere cheques will be paid at all our centers.

b.      Charges - Rs.50/-  per instrument  plus  expenses, if any incurred for  arranging funds above  Rs.2 lakh  in non-RBI centres 

   iii.   Payment under speed  clearing – No charges

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 their base branch) at service branch/clearing branch of that centre for collection and credit of their account.

iii.       Charges Upto Rs.1,00,00/-  - Rs.100/- per instrument

      Rs.1,00,001 and above   - Rs.150/-  per instrument   

iv.       Under speed clearing for collection of high value cheques of above Rs 1

    Lac, charges @ Rs.150/- shall be   collected from the account.

 

Note : For AWB transfers & cash remittances, service charges will be debited from the account of the beneficiary

ATM and VISA international debit cards 

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/-,Bank has the discretion to reject the  transaction through ATM

 Membership Fee

Nil

 Annual Fee

50 (From second year)

 Renewal Charges

Nil

 Replacement charges

Lost card  (Duplicate Card) Rs.150

Duplicate PIN

Rs.50/-

 Federal Bank ATM :   Cash Withdrawal

                                     Mini statement of account

Free

One mini-statement per day Free

Transactions done on other banks’ ATMs in the VISA network  - Domestic   

Cash Withdrawal Rs.20/-

Balance Enquiry   Free

Transactions done on other banks’ ATMs in the VISA network  - International

 Cash Withdrawal Rs.100/-

 Balance Enquiry   Rs.25/-

Transfer of funds by deposit of cash/cheques in ATM

For funds transfer within the same centre (same clearing centre) by deposit of Cash / Cheque in ATMs

Free of Charges

Cash deposited in ATM and sent to other branches through AWB

Charges applicable to remittance through AWB

Cheques deposited in ATM and proceeds to be sent to other branches through AWB after collection

Normal collection charges applicable to OBC

Transfer of funds through ATM

50% of the normal charges (DD/MT/TT charges) will be levied from customers who transfer funds to their own linked accounts through ATMs exceeding Rs. 50000/- in a quarter.

TOD through ATM

In addition to the service charge for not maintaining minimum balance, TOD interest at 17.50% (monthly rest) will be charged.

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.

 

Miscellaneous

 

Balance Certificate/ other Certificate

Rs.100/-

Postal Charges:

Ordinary Post

Registered Post

 

Rs.15/- or actual for ordinary post whichever is higher

Rs.40/- or actual expenditure- whichever is higher.

Interest Certificate

Rs.100/- (One certificate per account in a year- free)

Old Record Inquiries                           Up to one year old

                                                            

                                                             Period beyond 12 months

 

Min. Rs.50/- per reference/ request/ document/ sheet.

 

Rs.100/-per reference/request/document/ sheet

(For duplicate pass book/ statement, a maximum of Rs.1000/-)

Allowing operations through Power of Attorney / Mandate

 Rs.100/- per annum

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.      

Transfer of Entire balance in Saving account to some other bank

 Same station- Remittance charges as applicable to Banker cheque +  out of pocket expenses.

Outstation- Demand Draft charges+ out of pocket expenses.

Use of Fax/Telephone/Internet

125% of Actuals

Photo / Signature attestation

Rs.50/-per instrument

 

Copy of cheque/draft (paid by Bank)

Rs.50/- per attested copy of instrument

Safe Deposit Services

Safe Deposit Custody: Bank’s own deposit receipts

Free of cost

Safe Deposit of Sealed covers from reputed organizations including Govt. Bodies

Rs.350/- per cover per annum or part thereof.

 

Safe deposit of duplicate keys of other Banks/Financial institutions #

Rs.1000/- per annum

Safe Deposit of Sealed Boxes from reputed organizations including Govt. Bodies  (Size upto 30x30x30 cm) #

Rs.3000/- per Box per annum or part thereof.

 

   # For security considerations, these services are not to be provided to general public without specific permission from Planning department

Electronic Clearing Services: Credit Clearing

 1. Sponsor Bank: Minimum charges Rs.2750/- + Charges payable to RBI and

      Destination Bank, if any.

      a) Upto 10000 records

@ Rs.3/- per record + charges payable to RBI and   Destination Bank, if any

      b) Above 10000 to 100000 records

@ Rs.2/- per record (With a minimum of       Rs.30000/-)+ charges payable to RBI and Destination Bank, if any

      c) Above 100000 records

@ Rs.1/- per record (With a minimum of        Rs.200000/-)+ charges payable to RBI and Destination Bank, if any

2. Charges Payable to Destination Bank and /or RBI: On actual basis, i.e. as waived/ prescribed by RBI from time to time.

Electronic Clearing Services: Debit Clearing

 

ECS: Debit ClearingRe.1/- per transaction charges Minimum charges Rs.2750/- + Charges payable to RBI and Destination Bank, if any.

ECS Registration

Free of charges

ECS Return charges

Rs.300/- per transaction for SB accounts

Rs.500/- per transaction for CD/ODCC accounts

Whenever there is a return under ECS due to want of funds for three times, the ECS registration will automatically get cancelled and for re-registration, the re-registration charge of Rs.200/- will apply

 

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

Rural/Semi Urban branches

 

Size of locker

Rent per annum (Rs)

Key Deposit (Rs)

Small

500

4000

Medium

700

4600

Large

1000

5500

 

Metro/Urban branches according to type and dimension

 

Size of locker

Height

Width

Depth

Rent

Key Deposit

A-Small

125

175

492

700

4600

B-Medium

159

210

492

1000

5500

2A-Large

125

352

492

1500

7000

D

189

263

492

1600

7300

2B

159

423

492

2000

8500

2B1

321

210

492

2000

8500

4A

278

352

492

2800

10900

2D

189

529

492

3000

11500

4B

321

423

492

4000

14500

4D1

385

529

492

5000

17500

4D

404

529

492

6000

20500