Andhra Pragathi Grameena Bank
WELCOME TO THE WEBSITE OF ANDHRA PRAGATHI GRAMEENA BANK : “Tender for providing Housekeeping & Security Services - Last date for acceptance of Bids(Both technical and Financial Bids) is on 21.09.2017(14.00Hrs) only and opening of Technical Bid is on 21.09.2017(15.30Hrs) only. Please note that for submission of Bid security for Rs.15.00 lakhs by L1 Bidder shall be 26.09.2017”

Service Charges

COLLECTION CHARGES

I Collection of Bills (Cheques/DDs/Pos/Dividend warrants/Deposit receipts) - OBC:

Particulars

Charges

1) Up to and inclusive of Rs.1,000/-

Rs. 45 + Service Tax

2) Above Rs.1,000/- and up to Rs.5,000/-

3) Above    Rs.5000/-    and    up    to Rs.10,000/-

Rs. 75 + Service Tax

4) Above Rs.10,000/- and up to Rs.1.00 Lakh

Rs. 5/-   per thousand or part there of + Service Tax with a Minimum of Rs.100/- + S T

5) Above   Rs.1.00   Lakh   and   up   to Rs.10.00 Lakh

Rs.150/-  + Service Tax

6) Above Rs. 10.00 Lakh

 II LSC

Particulars

Charges

1. Local sites for collection

30/-

2. Local bills for collection

Rs. 20 per bill + Service Tax

3.  Outstation  cheques  received  from other banks for collection as collection agents.

50% of OBC Commission + 50% of Sponsor Bank commission if the proceeds are to be sent through DD of Sponsor Bank branch with a minimum of Rs. 50/- per

cheque, + postage and Service Tax.

 III Inward Bills For Collection

Particulars

Charges

1) Up to and inclusive of Rs.1,000/-

Rs.60/- + Service Tax

2) Above Rs.1,000/- and up to Rs.5,000/-

3)    Above    Rs.5000/-    and    up    to

Rs.10,000/-

Rs.100/- + Service Tax

4) Above Rs.10,000/- and up to Rs.1.00

Lakh

 

Rs.8/- per thousand or part thereof with a minimum of

Rs.800/- + Service Tax

5)   Above   Rs.1.00   lakh   and   up   to

Rs.10.00 lakhs


EXCHANGE ON REMITTANCES

. Exchange on Remittances (DDs / MTs) – on our Branches

Particulars

Charges (For Both Cash and Account transfer)

1) Up to and inclusive of Rs.1,000/-

Rs. 30 + Service Tax

2) Above Rs.1,000/- and up to Rs.5,000/-

Rs. 50 + Service Tax

3) Above Rs.5000/- and up to Rs.10,000/-

4) Above Rs.10,000/- and up to Rs.1.00 lakh ( up to Rs.50000/- for    cash transactions   )   DDs   are   to   be   issued through     account only for the amounts beyond Rs. 50000/-

Rs.   2.50   per   thousand   with   a minimum of Rs. 50/- + Service Tax

5) Above Rs.1.00 Lakh and up to Rs.10.00 lakhs

Rs. 2 per thousand with a minimum of Rs. 250/- + Service Tax.

 IIExchange on Remittances (DDs) – on Syndicate Bank

Particulars

By Cash

Through Account

1)   Up to and inclusive of Rs.1000/-

Rs.25/- Service Tax

Rs.25/- + Service Tax

2)   Above Rs.1000/- and up to Rs.5000/-

Rs.35/- + Service Tax

Rs.35/- + Service Tax

3)   Above Rs.5000/- and up to Rs.10,000/-

Rs.45/- + Service Tax

Rs.45/- + Service Tax

        4)   Above Rs. 10,000 and up to Rs.1.00 Lakh ( Up to Rs.50,000 for cash Transactions)

Rs. 2.50 per thousand or part thereof with  a minimum  of Rs.45/- +  Service Tax

Rs.  2.50  per  thousand  or  part  thereof  with  a minimum of Rs.45/- + Service Tax

5)   Above  Rs.1.00  Lakh  and  up  to    

      Rs.10.00 Lakhs

 

Rs.  2.50  per  thousand  or  part  thereof  with  a minimum of Rs.250/- + Service Tax

       

 III. Exchange on Remittances (Pay Orders/Banker cheques/) – on our Branches

Particulars

By Cash

Through account

1) Up to and inclusive of Rs.1,000/-

Rs.20/- + Service Tax

Rs.15/- + Service Tax

2)  Above  Rs.1,000/-  and  up  to

Rs.5,000/-

Rs.35/- + Service Tax

Rs.35/- + Service Tax

3)  Above  Rs.5000/-  and  up  to

Rs.10,000/-

Rs.45/- + Service Tax

Rs.45/- + Service Tax

4) Above Rs.10,000/- and up to Rs.1.00 lakh ( up to Rs.50000/- for cash transactions )

Rs. 2.50 per thousand with a minimum of Rs. 45/- + Service Tax

Rs.   2.50   per   thousand   with   a minimum of Rs. 45/- + Service Tax

5) Above Rs.1.00 Lakh and up to

Rs.10.00 Lakh

 

Rs.  2.50  per  thousand  or  part

thereof  with  a  minimum  of  Rs.

250/- + Service Tax

CASH TRANSACTION SHALL NOT BE ALLOWED FOR REMIITTANCES BEYOND RS.50000/- CAUTION: BRANCHES SHALL STRICTLY FOLLOW KYC NORMS

 


CONSESSIONS

S.No

 data

1

Usual collection charges as stated in Service Charges for collection of bills along with transmission charges shall be collected

2

Discounting charges by way of interest for a minimum period of

10 days as communicated in the interest rate circular.

3

a)   If the Cheques/Demand Drafts discounted are not realized

Within 10 days overdue interest @ 2% over the normal CDD rate should be collected from 11th day to the realization date. For a minimum period of 10 days @ 15% up to the date of realization and @ 17% from 11th day up to the date of realization.

Note : Realization date means the date of Credit IBA of the discounted Cheques/DDs are collected through our branches and the date of actual

receipt/credit of the proceeds into our books of account, if the discounted instruments are collected through other banks.

4

The collection amount and discount amount  has to be computed separately

5

Out station cheques should not be discounted at par for the purpose of investing the proceeds in Term Deposits

6

If a cheque, for which immediate credit is given, is returned unpaid, Interest at the rate fixed by the bank for non priority personal loans, from time to time, should be charged from the date of lodgment till the date of realization of dues. In case the depositor has not drawn the money credited, the balance  in the account should be adjusted  immediately on the day of the  return of the cheque and interest need  not be collected on such amount. Any withdrawals against local clearing shall not be allowed on the same day.


Ledger Folio Charges

Particulars

Charges

Folio    charges    for    the    used    folios    in    Current, O.D./C.C./O.D.H account

Rs. 100/- per folio + Service Tax per quarter   with a minimum of 250+Service Tax

 

Average  quarterly Credit balance maintained in C  A/c :

Charges

Up to Rs.25000/-

 

 

 

No free folios

Above Rs.25000/- up to Rs.50000/-

Above Rs.50000/- up to Rs.1.00 lakh

Above Rs.1.00 lakh up to Rs.2.00 lakh

Above Rs.2.00 lakh

Free ledger folio charges permitted to   advances (ODH/Cash Credit)

Up to Rs.25000/-

All folios

Over Rs.25000/-

No free folios

For accounts maintained on computers, 40 entries or part thereof be treated as one folio.

Folio Charges are not applicable to Savings Bank Accounts, loan Accounts other than ODH, Cash Credits and staff advances. Ledger Folio Charges are not applicable to  the  Central & State Government accounts with the branch.

These Charges should be collected once in a quarter on completed pages only.  Part of the page should be considered as full page.  Branches are advised to debit these charges on or before last Friday of each quarter   or on the date of closure of accounts  whichever is earlier.


CHARGES ON LOAN & ADVANCES

PROCESSING CHARGES

Size of limit (Fresh and Renewals)

Charges

Up to Rs.25000/-

Rs.250/-+Service Tax

Above Rs.25000/-

1.00% of the loan / limit sanctioned + ST

SHG Loans & SGSY Loans

0.5% of the loan / limit sanctioned + ST

The following Loans are exempted from collecting the Processing charges:

a) DRI loans

b) ODD

c) Loans on deposits

d) All staff loans and

e) Priority Sector loans up to a sanctioned limit of Rs.25 000/-.

2. DOCUMENTATION CHARGES

Other than Agriculture Loans and Housing Loans

Charges

Above Rs.1.00

Lakh

Rs.200/-+ST per Lakh with a minimum of

Rs.400/-+ST

 3. MORTGAGE CHARGES (For Non Agriculture Loans on sanctioned limit)

 

     Charges

Up to 2.00 Lakh

Rs.1000/- + ST

Above 2.00 Lakh and up to 5.00 Lakh

Rs.2500/-+ST

Above 5.00Lakhs and up to 10.00 Lakh

Rs.5000/-+ST

Above 10.00 Lakh and up to 1.00 Crore

Rs.10000/-+ST

Above 1.00 Crore

Rs.15000/-+ST

JA FEES FOR BOTH AGRICULTURE AND NON AGRICULTURE @.0.3% ON SANCTIONED LIMIT SUBJECT TO A MAXIMUM OF RS.500/- . TERM LOAN ANNUAL REVIEW CHARGES – 2.5% OF THE OUTSTANDING LOAN AMOUNT + ST

INSPECTION CHARGES

Sl.No.

Loan Amount / Limit

Charges

 

1

Up to Rs.25,000/-(Non

Priority)

No Change

 

2

Above Rs.25000/- & up to

Rs.1.00 Lakh

Rs.  75/-  per  visit  subject  to  a  maximum  of  Rs  300/-  per borrowal a/c +Service Tax per annum

 

3

Above Rs.1.00 Lakh & up to

Rs.2.00  Lakh

Rs. 150/- per visit subject to a maximum of Rs. 750/- per borrowal a/c + service tax per annum

 

4

Above Rs.2.00 lakh to Rs.10 lakh

Rs. 250/- per visit subject to a maximum of Rs. 1000/- per borrowal a/c + service tax per annum

 

5

 

Above Rs.10.00 lakh

`Rs. 500/- per visit subject to a maximum of Rs. 2000/- per borrowal a/c +service tax per annum

  1. Inspection charges should be debited to the loan accounts once in a year on or before 28th February Or on the day of closure of loan account whichever is earlier.
  2. Group Recovery Drive charges such as jeep expenditure etc. should be debited to the relevant loan accounts.
  3. No inspection charges shall be collected for loans up to Rs.25000/- under priority sector.

Commission on Guarantees & Solvency certificates

Guarantees:

Particulars

Charges

Other than performance Guarantee

300/- + 3.6% p.a. or part thereof + service tax

Guarantee against 100% cash payment as deposit/margin

300/- + 25% of 3.6% (0.9%) per annum + service tax

Full commission should be collected as per the above rates if the cash deposit is only a part of the security offered Guarantee commission should be collected in advance at the time of issuing guarantee for the full liability   and claim period. MINIMUM COMMISSION ON GUARANTEE

Guarantee commission has to be collected for a minimum period of one year even if the guarantee period is less than one year. Also, a part of the year should betreated as full year for collecting the   Commission.

The commission should be collected as above for the extended period of validity of the guarantee treating it as a fresh guarantee.

Solvency Certificates

Solvency Amount - SLAB

 

Up to Rs.1.00 lakh

Rs.1000/-+ Service Tax

Above Rs.1.00 lakh & up to Rs.5.00 lakh

Rs.2000/-+ Service Tax

Above Rs.5.00 lakh & up to Rs.10.00 lakh

Rs.3000/-+ Service Tax

Above Rs.10.00 lakh & up to Rs.25.00

Rs.4500/- + Service Tax

Above Rs.25.00 lakh & up to Rs.50.00

Rs.6000/- + Service Tax

Above Rs.50.00 lakh

Rs.12000/- + Service Tax


OTHER SERVICE CHARGES

 

Handling / Collection Charges for

Cheques & Bills returned unpaid

                           Charges

Local Cheques

Rs. 100/- per instrument + service tax

Outstation Cheques

50% of prescribed collection charges,  with a minimum of Rs.100/- + Service Tax

Standing Instructions

Rs.50/-+ST per instruction

Non  maintenance  of  minimum balance

SB

CA

Rs.30/-+ST per occasion

Rs.100/-+ST per occasion

Stop Payment (Per Instrument)

Rs.50/- +ST

Rs.70/-+ST

Missing Tokens

Rs.60/- +ST

For local cheques of our customers, presented by other banks,   returned by us for want of funds,      interest is to be levied, at the rate charged for Debit balance allowed in Current Account/SB Account, for the number of days the Bank was out of funds.

  1. Collection of deposits receipts on maturity, collecting Bank shall levy charges as applicable to remittances. In case of local collection, charges as applicable to
  2. Banker’s cheques shall be levied.
  3. Issue of duplicate pass book:

a)      Rs.40/- per Pass Book with latest Balance

b)      Rs.30/-+ST per ledger folio in addition to Rs.40/- + ST.  In case of entries of more than 2 years Rs.200/- per folio.

  1. Charges for presentation of Usance Bills for acceptance: Rs.50/- per Bill.
  2. Enquiry relating to old records (if the enquiry for an item which is more than 12 months old): Rs.50/- per item.
  3. For all the above services, Service Tax as applicable from time to time shall be charged apart from the prescribed charges.
  4. No charges for standing instructions received within the branch.

MINIMUM BALANCE CHARGES

Particulars

Savings Bank Account

Current Account

Public

With cheque book

Rs.

Without cheque book

Rs.

With cheque book only

Rs.

Rural Branches

1000

250

2000

Semi Urban Branches

1000

250

3000

Urban Branches

2000

500

5000

Staff S .B. Deposits

5

5

 

Pensioners / Disabled persons

5

5

 

Students

25

25

 

No frills

NIL

0

 


INTERNAL REMITTANCES

Nature   of accounts

Home branch

Inter branch

Intra city/town

Current account

Free

Rs.50/- + ST per transaction up to cash deposit of Rs.500000/-

1. Rs.50/- +ST per transaction up to cash deposit of      Rs.500000/-

 2. Rs.100/- +ST per transaction above cash deposit of ` 500000/-

Savings Bank account

Free                  1

 Rs.25/-  +ST  per  transaction up  to  cash  deposit  of Rs.50000/-. Rs..50/-   +ST per transaction up to cash deposit of `Rs 50001/-to Rs.100000/-Above sRs.100000/-  or  part  thereof`Rs.25  +  ST  per  lakh subject to minimum of RsRs75/- + ST

Rs.25/- +ST per transaction up to cash deposit of     Rs.100000/- . Above Rs.100000/- or part thereof Rs10 + ST per Lakh subject to minimum of  Rs 35 + ST

Term Deposit

Free

Free

Free

All Loan accounts

Free

Free

Free

Fund transfer  in online

NA

1. Rs.10/- + ST per lakh or part thereof subject to minimum of Rs. 10/- + ST

RsRs 10/- + ST per lakh or part thereof subject to minimum of Rs Rs10/- + ST


RTGS/NEFT CHARGES

NEFT - OUT WARD TRANSACTIONS

Particulars

Amount(Rs)

Service Charges(Rs)

 

Outward Remittance

Up to 1 Lakh

25+ service tax@15%

Above 1 Lakh and up to 2 Lacs

35+ service tax@15%

Above 2 Lakhs

As applicable to RTGS Charges

 RTGS – OUT WARD TRANSACTIONS

Particulars

Amount(Rs)

Service Charges(Rs)

 Out ward Remittance

2 to 5 Lakhs

50 + ST

Above 5 Lakhs

100 + ST


SERVICE CHARGES/COLLECTION CHARGES FOR NRE & NRO ACCOUNTS

In order to accelerate the pace of mobilizing NRE deposits and also to attract maximum number of NRE customers, branches are advised that all the instruments received for credit of NRE Accounts shall be collected AT PAR.  Any out of pocket expenses incurred in this connection shall also be borne by the respective branches.  Collection charges in case of NRO accounts will be as usual.

*     Remittance to Prime Minister’s / Chief Minister’s Relief Funds:     DDs in favor of Prime Minister’s / Chief Minister’s Relief Fund shall be issued free of cost.

Matured Deposits & Periodical Interest On Deposits:

  1. The maturity proceeds of a Term Deposit may be remitted to depositor’s account maintained in another branch of our bank by DDs/MTs at par
  2. The periodical interest payable on Term Deposits may be remitted through MT/DD to the depositors account maintained in another branch of our Bank at par.
  3. If the amount of matured deposit is to be remitted to other outstation Banks, the remitting Bank shall levy the normal service charges.   In case of local remittances, the charges applicable to pay Order/Bankers Cheque may be levied.
  4. The collecting bank need not levy any service charges on the collection of maturity proceeds of a Term Deposit of another bank/branch if  the proceeds are
  5. invested with the branch in Term Deposit   (proposed to change as: collected proceeds shall be invested in term deposit at the collecting bank for not less than180 days)
  6. Local collection of matured Term Deposits of other banks across the counter by us will not attract any collection charges.  However, if the collection also
  7. entails remittance of funds to another centre favouring another bank, usual remittances charges would be applicable.
  8. 6      If the maturity proceeds are remitted through DDs / Pay Orders in the name of ACCOUNT HOLDER, no charges should be collected. For transfer of proceeds of prematurely closed Term Deposits, usual remittance charges have to be levied.

REMITTANCE UNDER COURT ORDERS

The Branches may waive charges on Bankers Cheques issued as per Court Orders for investment in term deposits.


LOCKERS RENT

LOCKERS RENT:

Category  /  Type  of locker

Approximate size of locker

Revised Rent per year

1. Small

5”X7.2”X20.08”

900+ST

2. Medium

5”X14.4”X20.08”

1500+ST

3. Large

11.12”X14.4”X20.08”

2500+ST

4. Very large

12.88X17.36”X20.08”

3000+ST

 Collection of annual rent:

1.        Period of reckoning : The annual rent due for any locker shall be collected on a calendar year basis as at 1st  January of every year instead of on the anniversary day of its falling due reckoned from the date of hiring out the locker.The advance rent is normally for a period of one year, but could be slightly variable, as stipulated in point No. (ii) below.

2.      Collection of rent for the broken period:   For locker hired out in the middle of the year

1 . If it is hired out between 1st January and 30th June of the year, the rent

For the broken period from the date of the hiring the locker till         31st December shall be collected on a pro-rata basis. If the hirer is agreeable, the rent due for the period until next December end could also be collected. For the purpose of collection of rent fraction of a month will be treated as full month.

2 .   If it is hired after 30th June, rent for the entire period from the date of hiring till 31st December next year shall be collected in advance on a pro-rata basis.In this case, it would be for a period more than one year.

3.        Break open charges on lockers – A minimum amount of Rs.600/- +Actual expenditure incurred +ST while breaking open of the lockers shall be collected.

*Security Deposit:  Locker security deposit in the form of term deposit such as FD/PCCs  not less than Rs.5000/- should be obtained.  The term deposit will carry interest applicable on the date of deposit.  Duly discharged term deposit should remain with the branch till the party enjoys locker facility.

*     No locker operations should be allowed, if locker rent / locker security deposit is in arrears.

*     Jewel Appraiser Fee: Rs.3/- per every thousand or part thereof subject to a minimum of Rs.25/- and a maximum of Rs.500/-

*     Insurance Charges:  Actual

*     Consultancy charges paid to consultants:  Actual

*     Legal Charges: Actual

*     For issuing of no-due certificate to non-customers of our Bank:    Rs.50/-+ST

No charges shall be collected for issuing No Dues Certificate for Govt. sponsored loans


SERVICE CHARGES FOR CONFIRMATION OF SPECIMEN SIGNATURE OF CUSTOMERS

Particulars

Charges

For  obtaining  loan  from  other  financial

institutions

Rs. 60/- + service tax

Obtaining / applying for passport, claim under UTI scheme, claim under LIC policy, furnishing introduction etc.,

Rs. 60/- + service tax per attestation


CLOSURE OF S.B. AND CURRENT ACCOUNT

Accounts with or without cheque book facility

Particulars

Charges

SB A/C closed (before one year)

100/- +ST

SB A/C closed(above one year)

50/- + ST

SB A/C No Frill closed before one year

Rs.10/- +ST

Current A/c (Irrespective of age of A/c)

Rs. 500/- + ST

No charges should be collected if   a) the account is transferred to another branch.   B) To open another account in  case of death of the original depositor

In Case of No Frill SB Account closed before one year Rs.10/-+ST shall be collected


CANCELLATION/REVALIDATION OF DD/PO

 

Charges

Up to Rs.1.00 Lakh per day per A/c

NIL

Above Rs.1.00 Lakh

Rs.1/- per thousand with a minimum of Rs.100/-


SERVICE CHARGES FOR DORMANT DEPOSITS

SB

1% per Annum with a minimum of Rs.25/- per account

CA

1% per Annum with a minimum of Rs.100/- per account

Other Deposit accounts (Matured, Unclaimed etc.)

1% per Annum with a minimum of Rs.25/- per account


SERVICE CHARGES FOR AUCTION OF JEWELS

Charges

Rs.200/-+ST + actual paper publication charges on proportionate basis and actual postage incurred irrespective of the loan amount when ever paper publication JL Auctions is taking place.


CHARGES FOR ISSUE OF CHEQUE BOOK

 

Particulars

 Charges

Other than

individuals

Individuals

Other than rural

Rural

MICR Cheque (per Cheque leaf)

Rs.3/-

Rs.3/-

Rs.2/-

Free Cheque leaves for SB A/c in a calendar year

50 leaves

50 leaves

50 leaves

In the case of non MICR cheques, the present rate of Rs.2/- per cheque leaf shall continue for all categories of customers.


SERVICE CHARGES TO STAFF

PROCESSING FEES

Processing charges to staff members are waived.

PURCHASING / DISCOUNTING AND COLLECTION OF CHEQUE / DIVIDEND WARRANTS / DRAFTS DRAWN IN FAVOUR OF THE EMPLOYEE

S. No

Nature of

Instrument

Concessional Amount and Concessions

Beyond Concessional Amount

Other Important Terms

1

Self Cheque only

‘AT PAR’ Up to 1 month net salary

Does not arise

If  Realization  is  delayed  beyond  7  days, drawee branch shall be advised to mark lien on SB a/c and overdue interest be charged as

applicable to public.

2

Dividend / Interest

warrants, Refund Orders. LIC cheques drawn in favour of staff members only

Up to 1 month gross salary once in a

month. Discount charge @ 0.05 paise per Rs.100/- with a minimum of 0.50 paise. If not realized within 7 days, interest @ 15% shall be collected from the date of discounting. Collection charges need not be collected. Apart from this applicable service tax shall be collected

If amount exceeds one month gross

salary concessional rate up to eligible amount and public rate of discounting for the remaining amount. Apart from this applicable service tax shall be collected

1. This facility is not cumulative in nature.

 

2. If discounted instrument returned un paid, it shall be reported to Credit Dept. H.O., for necessary action.

3

Instant   credit   of outstation

draft/dividends/

interest warrants

Face value up to Rs.7500/- to be credited instantly. Collection charges:

Up to Rs.1000/- is Rs.3/-. Above Rs.1000/- and up to 7500/- is Rs.10/-. No discount charges, No overdue interest for delayed realization. Apart from this applicable service tax shall

be collected

Does not arise

1. Limit of one month salary is applicable for both the concessions under S. No 2 & 3 put

together

 

2.This facility is restricted to one instrument at a time

4

EPF Cheque

 

Full amount at par

At par

This facility is separate and not linked to salary.

5

Staff   Co-op, Credit Society Cheques

 

‘At par up to Rs.30000/-.+ Service tax

Concessional rate up to Rs.30000/- and  at  normal  rate  applicable  to public beyond Rs. 30000/- + service

tax.

This  facility  is  separate  with  A,B,C  and  D

noted above


COLLECTION OF CHEQUES / DRAFTS / DIVIDEND WARRANTS

Collection of cheques/drafts/dividend warrants drawn in favor of the employee can be permitted ‘AT PAR’ up to one month gross salary.  Actual postage and other out of pocket expenses should be collected.

*      ISSUE OF DDs / MTs: The DDs, MTs can be issued to an employee up to one month’s salary per month (it is not cumulative) ‘AT PAR’. However, in cas e of issue of sponsor Bank DDs (on the eligible limits), Branches are advised to charge / collect 50% of sponsor bank commission charges / collecting from us as their share as mentioned hereunder:

Slab

For cash transaction

For non-cash transaction

Up to Rs.500/-

Rs.10/-+ Service Tax

Rs.5/-+ Service Tax

Above Rs.500/- to Rs.1000/-

Rs.15/-+ Service Tax

Rs.7.50+ Service Tax

Above Rs.1000/- to Rs.5000/-

Rs.20/-+ Service Tax

Rs.10/-+ Service Tax

Above Rs.5000/- to Rs.10000/-

Rs.25/-+ Service Tax

Rs.12.50+ Service Tax

4) Above Rs.10,000/- and up to Rs.1.00 lakh

( up to Rs.50000/- for cash transactions )

Rs.2.50  per  thousand  or  part  thereof    + Service Tax

Rs.1.25 per thousand or part thereof + Service Tax

Above Rs.1.00 Lakh

 

Rs.1.00 per thousand or part thereof + Service Tax

A) In all the above cases actual postage shall be collected.

B) If any discounted instrument bounces back, returning charges and interest @ 16.5% from the date of discounting on the concessional amount and as applicable to public beyond concessional amount, till the reimbursement of money, shall be collected.

All out of pocket expenses such as postage, telegram, telex, cable shall be collected for the above

*      The proceeds of loan obtained by a staff member may be remitted to his account in another Branch or to the suppliers of goods and services acquired through the Bank loan at par.

*     Repayment of the loan installments in respect of a loan availed by a staff member in another branch may be remitted at par.

*     Ledger folio charges are waived for staff members.

*     Actual postage and other out of pocket expenses incurred by the Bank in respect of various transactions noted above should be collected

*     Cheques / Drafts / Dividend Warrants endorsed in favor of an employee should not be discounted or collected at concessional rates

*     Service charges need not be collected though minimum balances are not maintained

*      The concession in Service Charges to staff members is permitted only in Branches where their salary is credited.  A declaration may be obtained from the employees on the reverse of the slip as to the eligibility of the limit.

*     For services not given above, the service charges prescribed for public should be collected.

*     Cancellation of DDs – At par up to concession given.

Service charges prescribed for public should be collected for all other transactions not covered above.

Many a time Branches are requesting for concessions in the charges on various services. Keeping in view, the following concessions may be granted. To arrive whether the concession to be extended is a beneficial to the bank the following calculations are to be made.


FORMULA FOR CALCULATING THE NOTIONAL BENEFIT

Particulars

Savings Bank

Current

Monthly Minimum balances in the Account

2,00,000

2,00,000

Less: Present CRR at @7.50%

15000

15000

Funds available to the Bank

185000

185000

Yield @9.75% on the above

18038

18038

Less: Interest paid @3.50%

6475

Nil

Notional Benefit

11563

18038

The amount of the notional benefit shall be more than the amount that the bank is losing on account of concessions in the commission