The revised  rate of service charges against services provided to our  customers applicable w.e.f. 18.07.2016 is as follows.

 

Sl. No

Item

Service charges w.e.f. 04 -01-2016

 

1

Issue of CTS / MICR cheques - SB

Containing 10 leaves in a book Rs. 10.00 per book. Three book free per year + S.tax*

 

2

Issue of CTS / MICR cheques - CA

Containing 25 leaves in a book Rs. 25.00 per book. Two book free per year.+ S.tax*

 

3

 Issue of Pass Book

Free

 

4

Duplicate Pass Book / Statement

For current financial year Rs. 50.00 + S.tax*

 

For previous financial year/s Rs. 100.00 per year + S.tax*

 

5

Stop payment instruction

Rs. 100/- per instrument up to 3 leaves. After that Rs. 200/- per instrument.+Stax*

 

6

Balance enquiry

Free

 

7

Account closure (a/c transfer not included)

Account type

Before 12 month

After 12 month

 

SB AC

SB A/c

Rs.100/-+s.tax

Rs.50/-+s.t

 

 CA (Individual)

CA  (individual)

Rs. 200/-+s.tax

Rs. 100/-+s.t

 

 CA (company) / others

CA  (company / other)

Rs. 500/-+s.tax

Rs. 200/-+s.t

 

 

 

DDS A/c

Rs. 20 / -+s.tax

0

 

* No closure charges, if account is closed due to death of Account holder.

 

8

Cheque returned charges (cheque drawn on us)

Rs. 200 /- per cheque + Postage (if outstation)+S.tax*

 
 

9

Cheque / bills deposited returned unpaid – Local for collection

Rs. 100 / -per cheque + Postage (if outstation)+S.tax*

 
 

10

Signature verification

Rs. 50 /- (for share forms and financial documents)+S.tax*

 

11

No dues certificates

Priority sector – Nil / Others Rs. 50/- +S.tax*

 
 

12

Inoperative account (since 2 years no transactions) as per Registrar letter No. 659 dt. 02-05-2005

Inoperative Account

 

SB a/c

Nil

 

CA

Rs. 200 /- p.a

 

If maintained balance is not equal to or more than service charge then respective charge to be deducted and account to be closed.

 

After 3 years if no transactions :

 

·          Minimum Balance not maintained then transfer whole amount to Profit & Loss A/c

 

·          Minimum balance maintained then transfer to unclaimed deposit A/c and maintain separate ledger.

 

13

Minimum Balance  (Average quarterly balance)

For SB A/c

Rs. 500/- (without cheque book)

 

Rs. 1000/- (with cheque book)

 

For CA :-

 

 

Individual

Rs.2000/-

 

Others

Rs. 5000/-

 

14

Charges for not maintaining minimum balance

For SB A/c

Rs. 50/- per quarter

 

For CA

Rs. 200/- per quarter

 

Note: If Current A/c holder maintains balance of Rs. 2, 00,000/- on a daily average basis then exempted from service charge. 

 
 
 

15

Postal  / Courier charges

 Ordinary

Charges levied on actual basis.

 

Registered / Courier / Speed Post

Charges levied on actual basis.

 

16

Issue of demand draft

Special Category :

 

Up to Rs. 5000/- (Rs. 20 + service tax)*

 

Above Rs. 5000/- upto Rs. 1.00 lakh (Rs. 50 + service tax)*

 

Other Category :

 

Up to Rs. 5000/- Rs. 30/- ( + service tax)*

 

Rs. 5001 /- to Rs. 15000 /- (Rs. 50/- + service tax)*

 

Rs. 15001/- to  Rs. 1.00 lakh (Rs. 2.50/- per thousand + service tax)*

 

Above Rs. 1.00 lakh for all category

 

(Rs. 2/- per thousand + service tax )*

 

Free issue of demand draft through our C/A

 

17

Revalidation / cancellation of demand drafts or other documents

Rs. 100/- per document / instance + S.tax*

 

18

Issuance of duplicate demand draft

Rs. 100/- per draft (after proper documentation)+S.tax*

 

19

Collection of cheques (Outstation)

a

Up to Rs. 10000/-

Rs. 50/- per instrument+ s. tax

 

b

Rs. 10000 to Rs. 100000/-

Rs. 100/- per instrument + s. tax

 

c

Rs. 100001 and above

Rs. 250/- per instrument + s. tax

 

Above charges are exclusive of postage and service tax. These will be charged extra.

 

20

Pay order / Banker’s cheque drawn upon

Min – Rs. 30 + service tax

 

Per thousand Rs. 2.00 + service tax

 

Max – Rs. 200.00 + service tax

 

Cash remittance  - Nil

 

21

DD / Govt. cheque / cheque purchased (cleared within 2 days)

Local cheque : Min Rs. 50 /- (+service tax)

 

Per thousand Rs. 2/ (+service tax)

 

Outstation cheque (if Govt) : Rs 7/- per thousand + service tax + postage

 

If uncollected within 15 days then Interest will be charged @ 16% till the date of collection

 

22

Safe deposit lockers annual charges

Small / Medium size lockers

Rs. 800/- per annum+S.tax*

 

Large size lockers

Rs. 1200/- per annum+S.tax*

 

Notes:

 

a) Charges to deduct positively by March and advised to party for the same.

 

b) In case of loss of key of the lockers a service charge of Rs. 500/- has to be recovered from hirer in addition to the actual expenses incurred for breaking open the lockers.

 

c) In case locker rent becomes overdue, operations in the locker will not be allowed.

 

d) Locker operations 24 times during a financial year are free. Locker operation more than 24 times a year is chargeable @ Rs 25/- per occasion.

 

23

RTGS

Up to Rs. 5/- lakh

Rs. 25/- (+service tax)

 

Above Rs. 5/- lakh

Rs. 50/- (+ service tax)

 

All inward RTGS transactions are free.

 

24

NEFT

Up to Rs. 10000/-

Rs. 2.5/- (+ service tax)

 

Above Rs. 10001 to Rs. 1/- lakh

Rs. 5/-(+ service tax)

 

Above Rs. 1/- lakh to Rs. 2/- lakh

Rs. 15/-(+ service tax)

 

Above Rs. 2/- lakh

Rs. 25/-(+ service tax)

 

All inward NEFT transactions are free.

 

25

Saving bank deposit (transaction charges)

More than 50 debits per half year should be allowed in SB A/c and in case the number of debits exceeds 50 then a service charge of Rs. 10/- per debit to be charged. (Transaction charges to be recovered on half yearly)

 
 
 

26

Nominal member Fee for loan as per Banks' By - laws

Rs.500

 

27

Issue of letter of acknowledgement  / duplicate TDR in case of loss of TDR

Rs. 100 / - +S.tax

 

28

Addition / Deletion of Names in joint A/c / Nomination change in operational instructions (including lockers )

First time free, thereafter Rs. 50 / - per instance

 

29

Change of authorized signatory

CA - Rs. 100 /-

 

OD - Rs. 75 /-

 

30

Penal charges of late payment of Recurring deposit a/c

0

 

31

Cash handling charges

Cash deposit - SB / CA / OD / CC

 

1) Cash deposit upto Rs 50000 /- or upto 10 packets i.e. 1000 pieces of notes of any denomination taken together , Free

 
 

2) Above 10 packets @ Rs. 10 /- + S.tax per packet

 
 

A customer is required to quote his / her PAN or submit Form 60 / 61 in case of cash aggregating   Rs 50000 /- deposited with the bank in any one day.

 
 

Notes:

 

1

Abbreviations SB - Saving Bank deposit account, CA - Current Account deposit account, NEFT - National Electronic Fund transfer, RTGS - Real time gross settlement.

 

2

* Service tax w.e.f. 01 st June 2015 @ 14%  (Circular No - 183/02/2015-ST, Press release 20th May 2015)+0.5 % Swachh Bharat Cess (GSR 843 (E) MoF notification No 22/2015 w.e.f. 15.11.15)

 

3

Special Category customers mean Co - operatives' societies account.

 

4

No service charge or any other charge to be levied on Govt a/c and No frill a/cs.

 

5

Branches may ensure that dishonored instruments is returned / dispatched to the customer promptly without delay on the same day but in any case within 24 hours.

 

6

Branch manager has discretionary power to relax service charges upto 50% (rounded to nearest rupee) on item no. 4, 10,16,19,20, 27 & 28 for pensioners and senior citizens.

 

 

Sl. No

Item

Service charges w.e.f. 04 -01-2016

 

1

Issue of CTS / MICR cheques - SB

Containing 10 leaves in a book Rs. 10.00 per book. Three book free per year + S.tax*

 

2

Issue of CTS / MICR cheques - CA

Containing 25 leaves in a book Rs. 25.00 per book. Two book free per year.+ S.tax*

 

3

 Issue of Pass Book

Free

 

4

Duplicate Pass Book / Statement

For current financial year Rs. 50.00 + S.tax*

 

For previous financial year/s Rs. 100.00 per year + S.tax*

 

5

Stop payment instruction

Rs. 100/- per instrument up to 3 leaves. After that Rs. 200/- per instrument.+Stax*

 

6

Balance enquiry

Free

 

7

Account closure (a/c transfer not included)

Account type

Before 12 month

After 12 month

 

SB AC

SB A/c

Rs.100/-+s.tax

Rs.50/-+s.t

 

 CA (Individual)

CA  (individual)

Rs. 200/-+s.tax

Rs. 100/-+s.t

 

 CA (company) / others

CA  (company / other)

Rs. 500/-+s.tax

Rs. 200/-+s.t

 

 

 

DDS A/c

Rs. 20 / -+s.tax

0

 

* No closure charges, if account is closed due to death of Account holder.

 

8

Cheque returned charges (cheque drawn on us)

Rs. 200 /- per cheque + Postage (if outstation)+S.tax*

 
 

9

Cheque / bills deposited returned unpaid – Local for collection

Rs. 100 / -per cheque + Postage (if outstation)+S.tax*

 
 

10

Signature verification

Rs. 50 /- (for share forms and financial documents)+S.tax*

 

11

No dues certificates

Priority sector – Nil / Others Rs. 50/- +S.tax*

 
 

12

Inoperative account (since 2 years no transactions) as per Registrar letter No. 659 dt. 02-05-2005

Inoperative Account

 

SB a/c

Nil

 

CA

Rs. 200 /- p.a

 

If maintained balance is not equal to or more than service charge then respective charge to be deducted and account to be closed.

 

After 3 years if no transactions :

 

·          Minimum Balance not maintained then transfer whole amount to Profit & Loss A/c

 

·          Minimum balance maintained then transfer to unclaimed deposit A/c and maintain separate ledger.

 

13

Minimum Balance  (Average quarterly balance)

For SB A/c

Rs. 500/- (without cheque book)

 

Rs. 1000/- (with cheque book)

 

For CA :-

 

 

Individual

Rs.2000/-

 

Others

Rs. 5000/-

 

14

Charges for not maintaining minimum balance

For SB A/c

Rs. 50/- per quarter

 

For CA

Rs. 200/- per quarter

 

Note: If Current A/c holder maintains balance of Rs. 2, 00,000/- on a daily average basis then exempted from service charge. 

 
 
 

15

Postal  / Courier charges

 Ordinary

Charges levied on actual basis.

 

Registered / Courier / Speed Post

Charges levied on actual basis.

 

16

Issue of demand draft

Special Category :

 

Up to Rs. 5000/- (Rs. 20 + service tax)*

 

Above Rs. 5000/- upto Rs. 1.00 lakh (Rs. 50 + service tax)*

 

Other Category :

 

Up to Rs. 5000/- Rs. 30/- ( + service tax)*

 

Rs. 5001 /- to Rs. 15000 /- (Rs. 50/- + service tax)*

 

Rs. 15001/- to  Rs. 1.00 lakh (Rs. 2.50/- per thousand + service tax)*

 

Above Rs. 1.00 lakh for all category

 

(Rs. 2/- per thousand + service tax )*

 

Free issue of demand draft through our C/A

 

17

Revalidation / cancellation of demand drafts or other documents

Rs. 100/- per document / instance + S.tax*

 

18

Issuance of duplicate demand draft

Rs. 100/- per draft (after proper documentation)+S.tax*

 

19

Collection of cheques (Outstation)

a

Up to Rs. 10000/-

Rs. 50/- per instrument+ s. tax

 

b

Rs. 10000 to Rs. 100000/-

Rs. 100/- per instrument + s. tax

 

c

Rs. 100001 and above

Rs. 250/- per instrument + s. tax

 

Above charges are exclusive of postage and service tax. These will be charged extra.

 

20

Pay order / Banker’s cheque drawn upon

Min – Rs. 30 + service tax

 

Per thousand Rs. 2.00 + service tax

 

Max – Rs. 200.00 + service tax

 

Cash remittance  - Nil

 

21

DD / Govt. cheque / cheque purchased (cleared within 2 days)

Local cheque : Min Rs. 50 /- (+service tax)

 

Per thousand Rs. 2/ (+service tax)

 

Outstation cheque (if Govt) : Rs 7/- per thousand + service tax + postage

 

If uncollected within 15 days then Interest will be charged @ 16% till the date of collection

 

22

Safe deposit lockers annual charges

Small / Medium size lockers

Rs. 800/- per annum+S.tax*

 

Large size lockers

Rs. 1200/- per annum+S.tax*

 

Notes:

 

a) Charges to deduct positively by March and advised to party for the same.

 

b) In case of loss of key of the lockers a service charge of Rs. 500/- has to be recovered from hirer in addition to the actual expenses incurred for breaking open the lockers.

 

c) In case locker rent becomes overdue, operations in the locker will not be allowed.

 

d) Locker operations 24 times during a financial year are free. Locker operation more than 24 times a year is chargeable @ Rs 25/- per occasion.

 

23

RTGS

Up to Rs. 5/- lakh

Rs. 25/- (+service tax)

 

Above Rs. 5/- lakh

Rs. 50/- (+ service tax)

 

All inward RTGS transactions are free.

 

24

NEFT

Up to Rs. 10000/-

Rs. 2.5/- (+ service tax)

 

Above Rs. 10001 to Rs. 1/- lakh

Rs. 5/-(+ service tax)

 

Above Rs. 1/- lakh to Rs. 2/- lakh

Rs. 15/-(+ service tax)

 

Above Rs. 2/- lakh

Rs. 25/-(+ service tax)

 

All inward NEFT transactions are free.

 

25

Saving bank deposit (transaction charges)

More than 50 debits per half year should be allowed in SB A/c and in case the number of debits exceeds 50 then a service charge of Rs. 10/- per debit to be charged. (Transaction charges to be recovered on half yearly)

 
 
 

26

Nominal member Fee for loan as per Banks' By - laws

Rs.500

 

27

Issue of letter of acknowledgement  / duplicate TDR in case of loss of TDR

Rs. 100 / - +S.tax

 

28

Addition / Deletion of Names in joint A/c / Nomination change in operational instructions (including lockers )

First time free, thereafter Rs. 50 / - per instance

 

29

Change of authorized signatory

CA - Rs. 100 /-

 

OD - Rs. 75 /-

 

30

Penal charges of late payment of Recurring deposit a/c

0

 

31

Cash handling charges

Cash deposit - SB / CA / OD / CC

 

1) Cash deposit upto Rs 50000 /- or upto 10 packets i.e. 1000 pieces of notes of any denomination taken together , Free

 
 

2) Above 10 packets @ Rs. 10 /- + S.tax per packet

 
 

A customer is required to quote his / her PAN or submit Form 60 / 61 in case of cash aggregating   Rs 50000 /- deposited with the bank in any one day.

 
 

Notes:

 

1

Abbreviations SB - Saving Bank deposit account, CA - Current Account deposit account, NEFT - National Electronic Fund transfer, RTGS - Real time gross settlement.

 

2

* Service tax w.e.f. 01 st June 2015 @ 14%  (Circular No - 183/02/2015-ST, Press release 20th May 2015)+0.5 % Swachh Bharat Cess (GSR 843 (E) MoF notification No 22/2015 w.e.f. 15.11.15)

 

3

Special Category customers mean Co - operatives' societies account.

 

4

No service charge or any other charge to be levied on Govt a/c and No frill a/cs.

 

5

Branches may ensure that dishonored instruments is returned / dispatched to the customer promptly without delay on the same day but in any case within 24 hours.

 

6

Branch manager has discretionary power to relax service charges upto 50% (rounded to nearest rupee) on item no. 4, 10,16,19,20, 27 & 28 for pensioners and senior citizens.

 
                 

 

 

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