Andhra Pragathi Grameena Bank
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Service Charges

CHAPTER-I: COLLECTION CHARGES

CHAPTER-I: COLLECTION CHARGES

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

Particulars

Existing

Revised

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

 

Rs 25/- + ST (As per RBI Guidelines)

 

Rs 25/- + ST (As per RBI Guidelines)

 

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

 

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

 

Rs 50/- + ST(As per RBI Guidelines)

 

Rs 50/- + ST(As per RBI Guidelines)

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

Rs.100/- + ST (As per RBI Guidelines)

Rs.100/- + ST(As per RBI Guidelines)

 

5) Above Rs.1.00 Lakh and up to Rs. 5.00 lakhs

 

Rs. 200/- +ST

 

Rs. 200/- +ST

 

6) Above Rs.5.00 Lakh

 

Rs. 250/- +ST

 

Rs. 250/- +ST

 II. LSC

Particulars

Existing

Revised

1. Local sites for collection

NIL

NIL

2. Local bills for collection

Rs. 20 per bill + ST

Rs. 20 per bill + ST

III. INWARD BILLS FOR COLLECTION

Particulars

Existing

Revised

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

 

Rs 25/- + ST(As per RBI Guidelines)

 

Rs 25/- + ST(As per RBI Guidelines)

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

Rs.5,000/-

3) Above Rs.5000/- and up to

Rs.10,000/-

 

Rs 50/- + ST(As per RBI Guidelines)

 

Rs 50/- + ST(As per RBI Guidelines)

 

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

Rs.1.00 lakh

 

Rs.100/- + ST(As per RBI Guidelines)

 

Rs.100/- + ST(As per RBI Guidelines)

 

5) Above Rs.1.00 Lakh

Rs.8/- per Rs.1000/-

Minimum of Rs.800/-, Maximum of Rs.15000/-+ ST

Rs.8/- per Rs.1000/-, Minimum of

Rs.800/-, Maximum of Rs.15000/- +ST

6.   Outstation   Cheques   received from other banks for collection as collection agents. Or Above Rs 10 lakhs

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 ST.

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 ST.


CHAPTER-II : EXCHANGE ON REMITTANCES

CHAPTER-II    :  EXCHANGE ON REMITTANCES

 Exchange on remittances (DDs / MTs) – on our Branches and on Syndicate Bank branches.

Particulars

Revised

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

Rs. 30 + ST

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

 

Rs. 50 + ST

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/- + ST

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

Rs. 2 per thousand with a minimum of

Rs. 250/- + ST.

Issuing of Pay Orders are dispensed in our Branches

CONCESSIONS:

S. No

 

 

1

Cheques issued by the Government (Central & State) authorities involving subsidy/margin money under IRDP, SGSY and other special programs may be collected at par.

 

2

Branches are advised to extend at par facility, only if the  i) Collection is going to result as deposit  OR

ii) The Government (Central & State) institutions / Departments are Having substantial deposit with the Bank.

 

3

In the above two cases, the Manager can exercise his discretion to Extend at par facility if any one condition is fulfilled. If the

above institutions / Organizations are not having any type of deposits, Branches must note that at par facility is not available.

 

 

 

4

Branches may extend at par facility, for collection of OBCs, for the Customers on the following terms and conditions. Where

a) Minimum of 50% of the proceeds of the said instruments accepted for collection is kept in the SB/Current account for a period of not less than 6 months.

OR

b) 50% of the proceeds of the instruments accepted for collection is deposited in any fixed deposit scheme of the Bank for a period of not less than 6 months.

 

OR

c) 50% of the proceeds of the instruments accepted for collection is kept / deposited both in SB & Fixed Deposits at their option subject to the above period.

Out of pocket expenses such as postage, telegrams, telexes, cables shall be collected from the above said customers unless otherwise specified.

 

5

However, Branches are advised to note that the above given facility   would be cancelled and full commission should be

collected as usual, if the deposit is prematurely closed / withdrawn on a  subsequent Date, before completion of stipulated 6 months.

 

 

 

 

 

6

Transmission charges

Ordinary post              -           Rs.20/- + ST

Registered Post           -          Actual or a minimum of Rs.35/- + ST

Instruments up to a value of Rs.5000/- may be sent in ordinary post and above Rs.5000/- may be sent by Registered Post.

The customer’s request for particular service of post may be considered and charges may be levied accordingly. Out of pocket expenses, wherever applicable, shall be collected.

The Branches shall charge Rs.50/- per Instrument + STfor cancellation/revalidation/issue of Duplicate DDs and Pay Orders.

 


CHAPTER-III : SERVICE CHARGES ON CHEQUES AND DRAFTS PURCHASED/DISCOUNTED (CDD)

CHAPTER-III  :  SERVICE CHARGES ON CHEQUES AND DRAFTS PURCHASED/DISCOUNTED (CDD)

S. No

 

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 @ 16% up to the date of realization and @ 16% 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.

Discount of Local Cheques

Pay Orders and approved Cheques & Demand Drafts payable locally shall only be accepted for discounting. This facility is to be extended to the selected and trustworthy customers. In such cases, normal interest as applicable to CDDs for the period for which Bank is out of funds with a minimum of Rs.50/- per instrument shall be collected. Overdue interest shall be charged at applicable rates from the date of return of the instrument till the amount is made good


CHAPTER-IV: LEDGER FOLIO CHARGES

CHAPTER-IV:  LEDGER FOLIO CHARGES

Particulars

Existing

Revised

 

 

 

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

 

 

 

Rs100/- folio + STper quarter  with a minimum of 250/- +ST

Rs.75/- folio + STper quarter  with

a minimum of 250/- +STfor Current

Accounts

Rs125/- folio + STper quarter  with

a    minimum    of    250/-    +STfor

O.D./C.C./O.D.H account

For Self Help Groups OD A/cs

NIL

Rs. 100/- per folio + STper Annum

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.


CHAPTER-V: CHARGES ON LOANS & ADVANCES

CHAPTER-V:  CHARGES ON LOANS & ADVANCES

1.   PROCESSING CHARGES

Size of limit (Fresh and Renewals)

Existing

Revised

Up to Rs.25000/-

Rs.250/-+ST

Rs.250/-+ST

Above Rs.25000/-

1.00% of the loan / limit sanctioned + ST

1.00% of the loan / limit sanctioned + ST

SHG Loans & SGSY Loans

0.5% of the loan / limit sanctioned + ST

0.5% of the loan / limit sanctioned + ST

 

Name of the Jewel Loan Scheme

Existing

Revised

Agri Jewel Loans (ST)

0.5% of the limit with a minimum of Rs.50/-+ST

 

 

 

Same charges to be continued

Kisan Swarna

0.5% of the limit with a minimum of Rs.50/-+ST

 

Jewel Loan (General)

0.25% of the loan subject to a maximum of Rs.125/- per one

lakh or part thereof + ST

 

Swarna Credit Card

0.25% of the loan subject to a maximum of Rs.125/- per one

lakh or part thereof + ST

Pragathi Bullet Gold Loan-Non priority

0.25% of the loan with a minimum of Rs.25/- + ST

 

 

Pragathi Vyapara Swarna

 

 

NIL

0.25%   of   the   loan

with  a  maximum of Rs.125/-per Lakh and part thereof + 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.25000/-

2.   DOCUMENTATION CHARGES

 

Other than

Agriculture Loans and

Housing Loans

Existing

Revised

 

Above Rs.1.00

Lakh

 

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

 

 

Above Rs.1.00 Lakh

Rs.200/- per Lakh or

part thereof with a minimum of Rs.200/- + ST.

3.   JEWEL APPRAISER FEE:

 JA  FEES  FOR  BOTH  AGRICULTURE  AND  NON  AGRICULTURE  @.0.3%  ON SANCTIONED  LIMIT  SUBJECT  TO  A MINIMUM OF Rs.25/- AND MAXIMUM OF Rs.500/- .

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

 

Existing

Revised

Up to 2.00 Lakh

 

 

 

No mortgage charges

 

 

 

No mortgage charges

Above 2.00 Lakh and up to 5.00 Lakh

Above 5.00Lakhs and up to 10.00 Lakh

Above 10.00 Lakh and up to 1.00 Crore

Above 1.00 Crore

 5.   TERM LOAN ANNUAL REVIEW CHARGES:

Existing

Revised

No annual review charges

No annual review charges


CHAPTER-VI : INSPECTION CHARGES

CHAPTER-VI  :   INSPECTION CHARGES

Sl.

No.

 

Loan Amount / Limit

 

Existing

 

Revised

 

1

Up to Rs.25,000/-(Non

Priority)

 

NIL

 

NIL

 

2

Above Rs.25000/- & up to

Rs.50000 /-

Rs. 75/- per visit subject to a maximum of Rs

300/- per borrowal a/c +STper annum

Rs. 75/- per visit subject to a maximum of

Rs 300/- per borrowal a/c +STper annum

 

 

3

 

Above Rs.50000 /- & up to Rs.2.00  Lakh

 

Rs. 150/- per visit subject to a maximum of Rs.

750/- per borrowal a/c + STper annum

Rs.   200/-   per   visit   subject   to   a

maximum of Rs. 800/- per borrowal a/c + STper 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 + STper annum

Rs. 250/- per visit subject to a maximum of

Rs. 1000/- per borrowal a/c + STper annum

 

5

 

Above Rs.10.00 Lakh

Rs. 500/- per visit subject to a maximum of Rs.

2000/- per borrowal a/c +STper annum

Rs. 500/- per visit subject to a maximum of

Rs. 2000/- per borrowal a/c +STper annum

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.

Group Recovery Drive charges such as jeep expenditure etc. should be debited to the concerned loan accounts.

No inspection charges shall be collected for loans up to Rs.25000/- under priority sector.


CHAPTER-VII : COMMISSION ON GUARANTEES & SOLVENCY CERTIFICATES

CHAPTER –VII  :   COMMISSION ON GUARANTEES & SOLVENCY CERTIFICATES

Guarantees:

Particulars

Existing

Revised

Other         than         performance

Guarantee

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

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

Guarantee   against   100%   cash

payment as deposit/margin

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

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

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 and insteps of quarters for guarantees of above one year.  A part of the quarter is to be treated as full quarter.

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/-+ ST

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

Rs.2000/-+ ST

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

Rs.3000/-+ ST

Above Rs.10.00 lakh & up to Rs.25.00

Rs.4500/- + ST

Above Rs.25.00 lakh & up to Rs.50.00

Rs.6000/- + ST

Above Rs.50.00 lakh

Rs.12000/- + ST


CHAPTER-VIII: OTHER SERVICE CHARGES

 

CHAPTER-VIII:  OTHER SERVICE CHARGES

Handling /

Collection Charges for

Cheques & Bills returned unpaid

 

 

 

Existing

 

 

 

Revised

Local Cheques

Rs. 100/- per instrument + ST

Rs. 150/- per instrument + ST

Outstation Cheques

50%   of   prescribed   collection   charges,       with   a

minimum  of Rs.100/- + ST

50%   of   prescribed   collection   charges,      with  a

minimum  of Rs.150/- + ST

Standing Instructions

Rs.50/-+ST per instruction

Rs.50/-+ST per instruction

Non  maintenance  of

minimum balance

SB

CA

SB

CA

Rs.30/-+ST per occasion

Rs.100/-+ST    per

occasion

Rs.100/-+ST          per

occasion

Rs.150/-+ST          per

occasion

Stop    Payment    (Per

Instrument)

Rs.50/- +ST

Rs.70/- +ST

Rs.100/- +ST

Rs.100/- +ST

Missing Tokens

Rs.60/- +ST

Rs.100/- +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.

*  Collection of deposits receipts on maturity, collecting Bank shall levy charges as applicable to remittances. In case of local collection, charges as applicable to Banker’s cheques shall be levied.

* Issue of duplicate pass book:

a) Rs.100/- 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.

*    Charges for presentation of Usance Bills for acceptance: Rs.50/- per Bill.

*    Enquiry relating to old records (if the enquiry for an item which is more than 6 months old): Rs.100/-per item.

*    For all the above services, Service Tax as applicable from time to time shall be charged apart from the prescribed charges.

*    No charges for standing instructions received within the branch.

MINIMUM BALANCES FOR

Particulars

Savings Bank Account

Current Account

Public

 

With Cheque book

Rs.

 

Without Cheque book

Rs.

 

With Cheque book only

Rs.

Rural Branches

1000

500

2000

Semi Urban Branches

1500

1000

3000

Urban Branches

2000

1000

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 (Existing)

 

Intra city/town(Existing)

 

Revised

 

 

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/-

 

 

 

Free

 

 

 

 

Savings Bank account

 

 

 

 

 

Free

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 Rs.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

 

 

 

 

 

Free

 

Term Deposit

Free

Free

Free

Free

All Loan accounts

 

Free

 

Free

 

Free

 

Free

 

Fund transfer :

online

 

NA

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

of Rs. 10/- + ST

 

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

 

Free

ATM CARD CHARGES:

ATM Card charges: Rs. 60/- per annum

 Charges for exceeding number of withdrawals in SB account in cash other than ATM withdrawal:

Rs. 10/- per entry in excess of 50 with drawls excluding ATM withdrawals per calendar half-year (Staff/ Ex-Staff are exempted

RTGS/NEFT CHARGES

NEFT - OUT WARD TRANSACTIONS

 

Existing

Revised

Particulars

Amount(Rs)

Service Charges(Rs)

 

 

 

Same charges to be continued

 

 

Out ward

Remittance

Up to 1 Lakh

25 + ST

Above 1 Lakh and up to 2

Lakhs

 

35 + ST

 

Above 2 Lakhs

As applicable to RTGS

Charges

RTGS – OUT WARD TRANSACTIONS

 

Existing

Revised

Particulars

Amount(Rs)

Service Charges(Rs)

 

 

Same charges to be continued.

 

Out ward

Remittance

2 to 5 Lakhs

50 + ST

 

Above 5 Lakhs

 

100 + ST

In terms of RBI guidelines with the introduction of CBS, all Regional Rural Banks shall treat their customers uniformly at any sales of service delivery point.  Accordingly if a particular service is provided free at the home branch, the same shall be available free at the non-home branch also.  Therefore no service charges shall be levied for acceptance of cash at non-home branches for the credit of customer’s account at home branch. (Ref. Cir No.150-2013-BC-ACCTS, dated: 10.09.2013)

(RBI Circular No: RPCD.RRB.BC.No. 17/03.05.33/2013-14, Dated 31.07.2013)

 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 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)

5.   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 entails remittance of funds to another centerfavoring another bank, usual remittances charges would be applicable.

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:

Category / Type of locker

Approximate size of locker

 

Existing

Revised

Rural

Semi Urban

Urban

1. Small

5”X7.2”X20.08”

900+ST

1000+ST

1000+ST

1000+ST

2. Medium

5”X14.4”X20.08”

1500+ST

1500+ST

2000+ST

2000+ST

3. Large

11.12”X14.4”X20.08”

2500+ST

2500+ST

3000+ST

3000+ST

4. Very large

12.88X17.36”X20.08”

3000+ST

4000+ST

5000+ST

5000+ST

  Locker Visit Charges: Rs. 100/- per visit over and above 25 visits per annum.

   One time Locker registration at the time of issuing: Rs. 500/- (Staff/ Ex-Staff are exempted)

Collection of annual rent:

(i)  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. (ii). Collection of rent for the broken period: For locker hired out in the middle of the year

(a). 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.

(b). 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.

(c) 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.100/-+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

Existing charges

Revised

For obtaining loan from other financial institutions

Rs. 60/- + ST

 

 

Same charges will be continued

Obtaining  /  applying  for  passport,  claim  under  UTI

scheme, claim under LIC policy, furnishing introduction etc.,

Rs. 60/- + STper attestation

CLOSURE OF S.B.  AND CURRENT ACCOUNT: Accounts with or without Cheque book facility

Particulars

Existing charges

Revised

SB A/c closed within 15 days of opening

NIL

NIL

SB A/C closed (after 15 days and before one year)

Rs.100/- +ST

Rs.100/- +ST

SB A/C closed(above one year)

Rs.50/- + ST

Rs.50/- + ST

SB A/C No Frill closed before one year

Rs.10/- +ST

Rs.10/- +ST

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

Rs. 500/- + ST

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/IBDD

 

Existing

Revised

Up to 1 Lakh

-

Rs.50/- + ST

1 to 10.00 Lakh

Rs.60/- + ST

Rs.100/- + ST

Above 10.00 Lakh

Rs.500/- +ST

Rs.500/- +ST

Revalidation/Issue of DD/PO

Rs.75/- + ST

Rs.100/- + ST

Issue of Duplicate DD/PO/FDR/PCC

Rs.75/- + ST

Rs.100/- + ST

CASH HANDLING CHARGES FOR CA/OD

 

Existing

Revised

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

NIL

NIL

 

Above Rs.1.00 Lakh

Rs.1/- per thousand with a minimum of

Rs.100/- + ST

Rs.1/- per thousand with a minimum of

Rs.100/- + ST

SERVICE CHARGES FOR DORMANT DEPOSITS

 

Existing

Existing

 

SB

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

1% per Annum with a minimum of

Rs.50/- per account

 

CA

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

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

1% per Annum with a minimum of

Rs.50/- per account

SERVICE CHARGES FOR AUCTION OF JEWELS

Existing

Revised

 

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

Rs.300/-+ST + actual paper publication charges on

proportionate basis and actual postage incurred irrespective of the loan amount whenever paper publication JL Auctions is taking place.

CHARGES FOR ISSUE OF CHEQUE BOOK

 

 

Particulars

Existing Charges

Revised

Other than

individuals

Individuals

Individuals

Other than

rural

Rural

Other than

individuals

Other than

rural

Rural

MICR Cheque (per Cheque leaf)

Rs.3/-

Rs.3/-

Rs.2/-

Rs.5/-

Rs.5/-

Rs.5/-

Free Cheque leaves for SB A/c in a

calendar year

 

50 leaves

 

50 leaves

 

50 leaves

 

20 leaves

 

20 leaves

 

20 leaves

 Non MICR Cheques will not be issued to the Customers.

Concessional facilities to the customers who keep minimum balance of Rs.50, 000/- in Current Account/Rs.1,00,000/- in SB account for a period of last one month.

1. Eligible Customers:

The customer should keep a minimum balance of Rs.50, 000/- in the current account for a period of last one month.  In the case of SB

customers the customer shall keep a minimum balance  of Rs.1, 00,000/- in his SB account for a period of last one month.

2. Concessional facilities that can be extended to such customers:

a) Free Cheque book facility: Cheque book facilities up to 200 Cheque leaves will be given free of cost.

b) At par facility for RTGS/NEFT transactions: The above customers will be given at par facility of RTGS and NEFT transactions. c) At par issuance of DDs:  The above customers will be given at par facility for purchase of 20 DDs in a year.

d) At par collection of OBCs: The above customers will be given at par collection of OBCs. e) No cash handling charges will be levied from the above customers.

3. Other conditions:

a) Branches may note that the above facilities can be extended during a month in respect of the customers who maintain the above stipulated minimum balances throughout the preceding month.

b) The branches shall regularly monitor such accounts and then only extend the facility as and when customer approaches the branch.

c) Branches may note that the above facilities may be considered only when the customer maintains the minimum balance during the preceding month.  In other words the facilities cannot be preserved by the customer for  months subsequent to succeeding months  if a customer has maintained the above minimum balance but not availed the facilities in the succeeding  month and approaching the branch seeking the facility after some time i.e., when minimum balance is not available in the preceding 30 days.   As such the facilities cannot be accumulated.

d) The branches have to maintain a small register and record the facilities extended to a customer (who fulfills the above norms).

Any clarifications on the scheme may be sought from Head Office-Accounts Audit and Inspection Department through Regional Office.


CHAPTER-IX : SERVICE CHARGES TO STAFF AND EX-STAFF

CHAPTER-IX    :   SERVICE CHARGES TO STAFF AND EX-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 STshall 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 STshall 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/divide nds/ 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 STshall 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/-.+ ST

Concessional rate up to

Rs.30000/- and at normal rate applicable to public beyond Rs. 30000/- + ST.

 

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 case of issue of sponsor Bank DDs (on the eligible limits), Branches are advised to charge / collect 50% of commission charges applicable to public.

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.