Service Charges

As on 01/06/2021

SR TYPE OF SERVICES Service Charges
1 INWARD Bills  for COLLECTION [ Per Bill ] Rs.1.00 Per Rs.1000/-(Minimum Rs.10/-) + Rs.25/-Postage + D.D Charges As Applicable + GST
1a OUTWARD Bills for COLLECTION [ Per Bill ] 1. Upto Rs.5000/- Rs.25 (Including Postage) + GST
2. Rs.5,001/- to Rs.10,000/- Rs.1.00 per Rs.1000/- + postage Rs.25/-(Minimum Rs.35/- & Maximum Rs.50/-) + GST
3. Rs.10,001/- to Rs.1/- Lac Rs.1.00 per Rs.1000/- + postage Rs.25/- (Maxium Rs.100/-) + GST
4. Rs.1/- Lac and above Rs.1.00 per Rs.1000/- + postage Rs.25/- (Maximum Rs.150/-) + GST
2 Syndicate ASBA rejection charges [ Per Application] Rs.300/- + GST
3 Documentary Demand / Doc. Ussance Bills for collection Rs.0.30 per Rs.100/- [ Minimum Rs.20/-) Per Bill + Rs. 25/- Postage + GST
4 INWARD Cheques RETURN / ECS DEBIT RETURN
  CD/CC/OD SAVING A/CS [Cheque / ECS] Interest @ 15.00 % Minimum Rs.100/- + GST
5 OUTWARD CHEQUE RETURN  
  CURRENT A/C. Rs.50/- + GST
  C/C / O/D A/C Interest @ 10.75 % Minimum Rs.50/- + GST
  LOAN A/C (Chq./ ECS RET.) Rs.100/- + GST
  SAVINGS A/Cs Nil
6 CHEQUE BOOK ISSUE  
  SAVINGS A/Cs. 48 Cheque free p.a. if Minimum Average Balace More than
Rs.1000/- per quarter other wise Rs.2/- Per Ch. + GST
  CURRENT / CC / OD A/C. Rs.2/- Per cheque + GST
7 MICR CLEARING CHARGES NIL
8 DEMAND DRAFTS  
  HDFC BANK CHEQUES (1)Upto Rs.25000/-Rs10/- (2) Rs.25001/- to Rs.100000/- Rs.25/- (3)Above Rs.100000/- RS.50/- + GST
  SBI DDs 1. Upto Rs.5,000/- Rs.25/- + GST
2. Rs.5,001/- to Rs.10,000/- Rs.41/- + GST
3. Rs.10,001/- to Rs.1,00,000/- Rs.3/- per thousand , (Minimum Rs.51/-) + GST
4. Above Rs.1,00,000/- Rs.3/- per thousand , (Minimum Rs.306/- and Maximum Rs.12733/- + GST
9 PAY ORDER (1) Upto Rs.25000/-Rs10/- + GST
(2) Rs.25001/- to Rs.100000/- Rs.25/- + GST
(3) Above Rs.100000/- RS.50/- + GST
10 ELECTRONIC PRODUCT Charges  
  OUTWARD TRANSACTION  
  (i) RTGS (Above Rs.2/- Lac) Nil
  (ii) NEFT

Nil

  INWARD TRANSACTION  
  (i) RTGS Nil
  (ii) NEFT Nil
  (iii) ECS Nil
11 SMS Charges  
  (i) Saving A/c. Rs.3/- Per Quarter + GST Per Quarter
  (ii) Current / CC A/c. Rs.6/- Per Quarter + GST Per Quarter
12 CASH CHARGES (1) Upto Rs.20000/- Nil
(2) Above Rs.20000/- Rs.6/- per Rs.10000/- + GST
13 FI CHARGES / PROCESSING FEE ( w.e.f. 01/02/2020)

Precessing Fees for New Customer as under :-                [w.e.f. 01/02/2020]

(1) Minimum Rs.500/- for Advances upto Rs.2 Lac. + GST

(2) Rs.2000/- for Adv. > Rs.2 Lac and Upto Rs.10/-Lac + GS

(3) 0.20% on Adv. > Rs.10/- Lac - + GST

Maximum Rs.100000/- (Including CIC Charges] + GST

* Processing fees also to be recovered from existing customer in case of increase in limit. It should be recovered on 0.20% of increased / addition in present sanctioned limit.

(Maximim Rs.2,00,000/-) + GST

*No Processing fee for OD agst.FDR, Loan/OD agst. Govt. Securities, LIC, Demat Shares

* For more details refer Revision of Processing Fee circular dtd.30/01/2020.

 

14 INCIDENTAL CHARGES  
  FOR CD/CC/OD A/Cs Rs. 0.90 per entry [ Minimum Rs.150/- Half Yearly ] + GST
  FOR SAVINGS A/Cs Nil
15 BANK GUARANTEE * [ When Issued by our Banks Only ]
  (i) PERFORMANCE Rs.2.00/- per Rs.100/-p.a or part there on quarterly basis+ Rs.100/- issue charge + GST
  (ii) FINANCIAL  Rs.2.25/- per Rs.100/-p.a or part there on quarterly basis + Rs.100/- issue charge + GST

If guarantee issued with 25% cash margin, unsecured portion should be covered by extension of charge by way of equitable mortgage of property or Hypo. of Stock / Book-Debts / Machineries etc.

  (iii) WITH 100% CASH MARGIN 1. Rs.0.55/- per Rs.100/-p.a or part there on quarterly basis + Rs.100/- issue charge + GST if Bank Guarantee is Rs.2/- Crore and above.
2. Rs.0.75/- per Rs.100/-p.a or part there on quarterly basis + Rs.100/- issue charge + GST if Bank Guarantee is Below Rs.2/- Crore
15 (a) BANK GUARANTEE * [ When issued through Other Bank]
  (i) PERFORMANCE and FINANCIAL Rs.2.75/- per Rs.100/-p.a + GST or part there on quarterly basis+ Rs.575- issue charge [ Minimum 1 Quarter]
  (ii) WITH 100 % CASH MARGIN

* Branches have to collect Bank Guarantee charges from the party as per above mentioned rate and when advice is received from Head Office respond the advice and directly debit to Profit & Loss a/c.

Rs.0.69/- per Rs.100/-p.a + GST or part there on quarterly basis + Rs.575/- issue charge [ Minium 1 Quarter]
16 LETTER OF CREDIT * [ When Issued by our Banks Only ]
  Particulars Commission Rates

1

 

LC Opening Charges / Commitment charges 0.15% per quarter, with minimum of one quarter, and beyond one quarter 0.05% per month or part thereof. + GST
2 Usance Charges  
  a) Sight Bills 0.15% flat rate per bill + GST
  b) Usance upto 3 months + GST 0.30% Minimum
  c) Usance beyond 3 months 0.30% Minimum + 0.10% per month for the period beyond 3 months + GST
  Opening / Commitment + Usance Charges As above with Minimum of Rs. 2000.00 + GST
3 Retirement of bills under LC Rs. 500/- flat per bill + GST
4 Amendment of LC Rs.1000/- flat rate for each ammendment + GST
 
5 SWIFT/SFMS chargs for New LC Rs.300/- flat per bill + GST  
6 SWIFT /SFMS charges for amendments Rs.250/- flat per bill + GST
7 Receipt of discrepant Documents

* Bank Guarantee and L/cs issued by other Bank charges will be applicable as per respective Bank's Norms

Rs.1000/- flat rate for each amendment + GST
     
17 LOCKER RENT + GST One Year Two Year Three Year
  SIZE A RS 865/- RS 1655/- RS 2370/-
  SIZE B RS 1155/- RS 2205/- RS 3160/-
  SIZE C RS 1205/- RS 2310/- RS 3305/-
  SIZE D RS 1460/- RS 2780/- RS 3990/-
  SIZE E RS 1815/- RS 3465/- RS 4965/-
  SIZE F RS 2255/- RS 4305/- RS 6175/-
  SIZE G RS 2310/- RS 4410/- RS 6325/-
  SIZE H RS 2970/- RS 5670/- RS 8130/-
  SIZE L RS 4510/- RS 8615/- RS 12345/-
18 MISCELLANEOUS CHARGES  
  (i) GODOWN INSPECTION CHARGES
(HALF YEARLY)
For C.C. Stock & Book-debt Limit 
(1) UPTO RS.10/- Lacs - Rs.100/- + GST
(2) Above RS.10/-Lacs -  Rs.200/- + GST
  (ii) INSPECTION CHARGES Rs.100/- For Machinery Loan, Instrument loan, Housing Loan, Property Loan, Vehicle Loan etc. + GST
  (iii)SIGNATURE VERIFICATION RS.25/- + GST
  (iv)STOP PAYMENT INSTRUCTION  
CHARGES
RS.25/- + GST
  (v)ACCOUNT CLOSURE Rs.50/- If Closed Within a year. + GST
19 CHARGES FOR NON-MAINTENANCE
of Minimum Monthly Average Balance
 
  SAVINGS / Current  A/C  
  [ For SB Minimum Bal. Rs.1000/-] + GST Nil
  [ For Cur Minimum Bal. Rs.2000/-] + GST Nil
20 Issue of Solvency Certificate (1) upto Rs.1 Lac - Rs.100/- + GST
(2) Above Rs. 1 Lac to Rs.10 Lac - Rs.200/- + GST
(3) Above Rs.10 Lacs - RS.500/- + GST
21 ATM Charges Upto 5 transaction per month - Nil
Above 5 transaction - Per transaction Rs.25/-
View statement - Nil
22 Demat Charges Demat Charges will be available in Demat Sections
* Bank Guarantee and L/cs issued by other Bank charges will be applicable as per respective Bank's norms