Service Charges & Fees

Revision of Bank’s Service Charges for Customers

The worthy Managing Director of the bank accorded his approval on 31.03.2015 to revise the bank’s service charges w.e.f. 01.04.2015 as under: –

S. No.	Detail of Service	Charges approved w.e.f. 01.04.2015
1	Collection of Outstation Cheques: Up to Rs. 10,000/- Above Rs. 10,000/-	Rs. 40/- Rs.4/- per thousand or part thereof Min. Rs. 50/- Plus Postal Charges Max Rs. 12,000/-
2	Bills Upto Rs. 10,000/- Rs. 10,001/- and above	Rs. 65/- + postal charges Rs.9/- per thousand. Min.Rs.100/- and Max Rs.12,000/- plus postage
3	Cheques/Bills returned unpaid: Local Cheque/Bills Outstation Cheques/Bills	Rs.50/- Rs.100/- plus postage charges
4	Issuance of Demand Drafts Up to Rs. 10,000/- Above Rs. 10,000/-	Rs. 50/- Rs.4/- per thousand or part thereof Min. Rs. 50/- Plus Postal Charges Max Rs. 8,000/-
5	Issuance of Duplicate Demand Draft & Cancellation	Charges as applicable in case of Original DD + Rs.50/- as cancellation charges
6	Revalidation of Demand Draft	Rs. 100/-
7	Issuance of Banker’s Cheque /Pay Order (Outstation Charges) Upto Rs. 10,000/- Rs. 10,001/- and above	Rs. 50/- Rs.5/- per thousand or part thereof Minimum Rs. 50/- Max Rs. 12,00/-
8	Issuance of Duplicate Banker’s Cheque/Pay Order	Rs. 100/-
9	Revalidation/Cancellation of Bankers’ cheque	Rs. 100/-
10	Postal and Telecommunication Tarrif Ordinary Registered	Rs. 20/- Rs. 50/-
11	Standing Instructions	Rs.50/- for any type of Standing instruction
12	Safe Custody Charges (Script)	Rs. 50/- per annum
13	Stop Payment Charges All types of accounts	Rs. 50/- per instrument upto 2 instruments Rs.20/- per instrument thereafter
14	Statement of Account all types of accounts	One statement for current month FREE. Rs. 50/- for one month as and when required again. For statement for 6 months Rs.100/- and above 6 months, Rs.200/-.
15	Duplicate Passbook	Rs. 75/- Up to 6 months + Re.1/- per entry up to 6 months old entries
16	Maintenance of Minimum Balance: (SB A/c) Without Cheque Book With Cheque Book Current Account	Rs.500/- Rs.1000/- Rs.5000/-
17	Penalty for not maintaining minimum balance in SB Accounts	Rs. 50/- per month Except Salary Account, Ex-staff members and senior citizens Charges will be debited every month.
18	Penalty for not maintaining minimum balance in Current Accounts	Rs. 100/- per month
19	Cheque Book Charges SB Accounts Charges for excess debit entries in SB A/c Current A/c Charges in CA	One Cheque Book containing 25 leafs free (One time) Rs. 2.50 per Cheque leaf Rs. 20/- per entry for over and above 30 entries per half year Rs. 2.50 per leaf. Incidental Charges Rs. 50/- per month + service tax.
20	Locker Rent:FD Required Small:Rs.10000/- Medium:Rs.20000/- Large:Rs.50000/-	* Rs.900/- Rs.1400/- Rs.2500/- (6 visits per quarter free. Extra visit Rs. 50/- per visit)
21	Penalty for Locker Rent in default Small – Rs. 100/- Medium Rs. 200/- Large Rs. 300/-	Any default will attract penalty charges for a full quarter. The rent should become due w.e.f. 1st of succeeding month in which the locker is leased out. One month may be allowed for payment of rent due. No concession for staff members for penalties in respect of locker rent in default.
22	Payments under CBS other than parent branch	Up to Rs. 100000/- only in a day with cheque.(Staff Exempted)
23	Cash Deposit under CBS other than parent branch	Any amount but for above Rs. 50,000/- with the PAN number only.
24	Account closer before six months	Rs. 150/- (SB) and Rs. 500/- (Current A/c) for firms and companies
25	Photo attestation charges	Rs. 50/-
26	Signatures verification charges	Rs.100/-
27	Interest Certificate of Deposit Accounts	Rs. 50/- for all types of accounts First copy free
28	Closing of RD A/c before maturity	Rs. 100/- On account of death of customer, no charges should be levied.
29	Penalty Charges for depositing late installment in case of RD Account	Rs. 5/- per hundred per month
30	Bank guarantee against FDR	Rs. 500/- + 2% p.a. Bank guarantee fee and 25% in case of lien on FDR for equivalent amount.
31	Cheque Return Charges: Clearing Cheque Returned	Rs.100/- per return
32	Ledger Folio Charges/ Statement Charges	Rs. 50/- for Current and Cash Credit Limit accounts
33	Issuance of Duplicate Pass Book	Rs. 100/-
34	RTGS – Rs. 1 lakh to 5 lakh RTGS – Above Rs. 5 lakh	Not exceeding Rs.25/- per transaction (As per RBI guidelines) Not exceeding Rs.50/- per transaction (As per RBI guidelines)
35	NEFT – Up to Rs. 1 lakh NEFT – Up to Rs. 1 lakh	Not exceeding Rs.5/- per transaction (As per RBI guidelines) Not exceeding Rs.25/- per transaction (As per RBI guidelines)
36	SMS Alert Service Charges	Rs. 15/- per quarter + S.T.(as Applicable)

Notes :-

Concessions to staff members/Deputationists and retired staff members
Every staff member entitled for 2 drafts/pay orders/Banker Cheque free of charges in a month. Beyond that, 50% concession on usual charges.
50% concession on one locker in locker rent and no lien amount is required.
No other concession on Bank charges except above.
Cheque book free for staff.
BCs have to be charged as per instructions contained in this circular.
The Head Office can give pay orders/banker cheques up to any amount free of charges in case of Bank’s own transactions.
Instructions contained in this circular should be followed strictly, any loss of revenue due to non-levy of Service Charges will be the responsibility of the Branch Manager.
25% concession in Demand Draft/Banker cheque by Branch In-charge and 50% concession by General Manager
Work relating to issuing of Bank draft/pay order/pass book/statement of accounts/Cheque books and the completion of pass book will be carried out at parent branch only.
Charges 2% more of FDR rates on loan to depositors.
Charge 2.5% more of FDR rate on limit against FDR.
RTGS/NEFT facilities free from staff members.
14% service tax will be charged for all types of accounts, or as applicable as per prevailing guidelines issued from time to time by the concerned authorities.

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Service Charges & Fees

Revision of Bank’s Service Charges for Customers

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