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Agenda No

By Tammy Diaz,2014-07-16 22:46
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Agenda No

    SERVICE CHARGES FOR DEPOSIT ACCOUNTS

    & OTHER MISCELLANEOUS ISSUES

    1(A). ISSUANCE OF DEMAND DRAFT/ BANKER’S CHEQUE/PAY ORDER

    Revised Rates(`) Amount Slab

    Up to ` 5,000 ` 25

    Above ` 5,000 up to `10,000 ` 40

    ` 3.00 per ` 1,000 or part thereof, Above `10,000 Minimum ` 40, Maximum ` 15,000

    Note:

    i. In case of DD/BC/PO issued against cash, additional 50% charges will be levied.

    ii. Postage/out of pocket expenses will be levied extra as the case may be.

    1(B). DUPLICATION/ REVALIDATION/CANCELLATION DD/BC/PO

    Name of Items Revised Rates

    10% of the Amount Issuance of Duplicate /Revalidation/

    (Rounded upto nearest Rupees) Cancellation of DD/BC/PO

    Maximum ` 100 per Instrument

    2.(A) COLLECTION OF OUTSTATION CHEQUES

    Value Savings A/c customers Other customers

    (`) (`)

    (per instrument)

    Upto `5,000 25 25

    Above `5,000 and upto `10,000 50 50

    Above `10,000 and upto `1.00 Lac 100 100

    Above ` 1 lac 150 150

Note: 1. The above charges will be all inclusive. No additional charges such as Courier

    Charges, Out of Pocket Expenses should be levied from the customer.

     2. For outstation cheques collected through another bank: Commission on 50:50

    basis, i.e. remitting bank to charge 50% & collecting bank to charge 50% of the

    applicable rate.

    1

     2. (B) COLLECTION OF CHEQUE UNDER SPEED CLEARING

    Service charges for Service charges for current Value savings a/c customers a/c and other customers

    Upto and including ` 1 lac Nil Nil

     Above `1 lac `150 `150

    3. COLLECTION OF BILLS

    Name of the Items Revised Rates

    Up to ` 10,000 ` 100 per Instrument

    Above `10,000 ` 10 per ` 1,000 or part thereof, Maximum ` 30000

Note: Actual Postage/out of pocket expenses will be levied extra.

    4. HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID

Name of Items Revised Rates

    ` 75 per cheque for SB Local Cheques/Bills

    ` 150 per cheque for Other ` 75 per Bill

    `150 for All Outstation Cheques/Bills

Note: The above charges are to be realized under intimation to the party. Postage

    will be realized extra.

    5. CLOSURE OF ACCOUNTS

    Types of Account Revised Rates

     Savings Bank A/c

    With Cheque Book `150 With Cheque Book

    Without Cheque Book `100 Without Cheque Book

    Current A/c ` 250

    Note : @ The Service Charges are levied if the A/c. is closed within one year of opening,

    excepting on the following case

    a) Where Account is transferred to another branch,

    b) Opening of another A/c in joint names,

    c) Death of the A/c holder (Manually debited),

    d) Pensioner without Cheque Book. (Sr. Citizens now discontinued)

     At the time of closure of accounts within one year of the opening, if the balance available

    is insufficient to cover up the above charges, the available balance in the account will be

    2

    forfeited and no extra amount to be claimed.

     No charges will be levied if the account is closed after one year of opening.

     Postage/Courier and out of pocket expenses to be realized on actual basis over and

    above the Service Charges.

     6. (a) MINIMUM BALANCE CRITERIA FOR SAVINGS BANK ACCOUNT

     Name of the Items Revised Rates

     ` 500 for Rural/SU With Cheque Book for general

     ` 1000 for Metro/Urban

    With Cheque Book for pensioners Nil (concession to Senior Citizens to be discontinued)

    ` 100 for Rural/SU Without Cheque Book for general

    ` 500 for Metro/Urban Without Cheque Book for pensioners. Nil (concession to Senior Citizens to be discontinued)

     (b) MINIMUM BALANCE CRITERIA FOR CURRENT ACCOUNT

    Name of the items Revised Rates

    Rural Others

    `1000 `3000 Individual

    `2500 `5000 Others

     7. PENAL CHARGES FOR FALL IN MINIMUM BALANCE

    Name of Items Revised Rates

    (On Quarterly Average Balance basis)

    ` 75 per quarter R/SU

    Savings Bank with Cheque Book `125 per quarter -others

    ` 30 per quarter- R/SU

    Savings Bank without Cheque Book ` 60 per quarter-Others

    Pensioners

    SB with Cheque Nil SB without cheque

    (facility to senior Citizens discontinued)

    ` 300 per quarter R/SU

    Current A/c : Individual `450 Per quarter- other

    ` 300 per quarter R/SU Current A/c : Other ` 450 Per quarter- other

    Note:

    1. There is no charge to be levied in No frills SB Account. However, if the No Frills SB account is

    converted into Normal SB account, the usual Service Charges would be applicable.

    2. The above penal charges are to be realized under intimation to the party.

    3. The above charges would be levied on Quarterly Average Balance (QAB).

    3

    1. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS

Name of the Items Revised Rates

    MICR Cheques:

    Savings Bank A/c, Current, CC, OD A/c

    Non-MICR Cheques: ` 3.00 per Cheque leave Savings Bank A/C Current, CC, OD A/c

    Multi-city Cheques

Note :

    I. only 20 instead of existing 60 cheque leaves will be allowed free to S.B.

    individual A/c. holders in a calendar year. (Revised)

    II. For cheques for the purpose of Post Dated Cheques (PDC) for our bank, no

    charges should be levied. However, for repayment of loans to other banks/FIs,

    double of usual charges shall be realized.

    9(A) LOCKER RENT:

    Type Inner Volume Classification Revised Rates

    (Cu. Inches)

    Metro/Urban Branch Semi Urban/ Rural

    Branch

    A* 539 Small 1100 900

    B 859 Medium 1500 1200

    C* 1186 Medium 1800 1500

    D 1337 Medium 2400 2000

    HI 1828 Large 1 3000 2500

    E 1878 Large 1 3000 2500

    F* 2786 Large 2 3600 3000

    G 2844 Large 2 3600 3000

    H 3987 V.L 6000 5000

    L 6297 E.L 7200 6000

    9(B) DISCOUNTS FOR CUSTOMERS PAYING LOCKER RENT IN ADVANCE

Locker Rent paid in Advance Revised Rates

    If Locker Rent of 3 years paid in advance

    Discontinued If Locker Rent of 5 years paid in advance

    4

9(C) PENAL CHARGES FOR LOCKER RENT IN DEFAULT

    Size of Locker Revised Rates

     ` 50 per Quarter or part thereof Small & Medium

    ` 75 per Quarter or part thereof Large

    ` 125 per Quarter or part thereof VL & EL

     Note :

    a. In case of loss of keys, locker rent of one year plus actual cost of repairing to be realized.

    stthb. The locker rents are to be realized in the 1 quarter of the financial year i.e. within 30 June.

    Any default or not maintaining the requisite balance in the account will attract penalty charges

    (excluding Staff members of the Bank).

10. SAFE CUSTODY CHARGES

    Name of Items Revised rates

    ` 100 per Scrip or part thereof, Minimum ` 200 Scrips

    ` 500 per Cover Sealed Cover

    ` 10000 per Box Sealed Boxes- 200 cu. Cm.

    Bank‟s own Deposit Receipt Nil

     Note: Boxes above 200 cu. cm. type not to be accepted

11. ISSUANCE OF SOLVENCY CERTIFICATES

    Amount Slab Revised Rates

    `10000 Up to `25 lacs

    Above `25 lacs ` 25,000

12. ELECTRONIC FUND TRANSFER (NOT APPLICABLE NOW)

     Amount Slab Revised Rates

    Up to `50,000 NOT APPLICABLE Above `50,000

    5

13.A NATIONAL ELECTRONIC FUND TRANSFER (NEFT)

     Revised Rates

     Outward Remittances

    Up to ` 1 Lac ` 5 per Transaction

     Above `1 Lac to `2 Lac `15 per transaction Above `2 Lac `25 per transaction

    Inward Remittances

     Any Amount Nil

13.B INDO-NEPAL NEFT REMITTANCE CHARGES

[I] For beneficiaries maintaining accounts with Nepal State Bank Ltd. (NSBL):

    For remittance from a bank account in India to a bank account with any branch of Nepal

    State Bank Ltd., there shall be no charge i.e. the remittance is free of charge.

[II] For beneficiaries not maintaining account with Nepal State Bank Ltd. (NSBL);

    If the beneficiary is not maintaining any account with NSBL, and the funds are distributed

    through the channel of the Agents of NSBL:

    (i) All remittances (cash remittances/ disbursements) up to INR. 5,000/-, a flat charge

    of INR. 50/- inclusive of Service Tax for every remittance.

    (ii) Remittances (cash remittances/ disbursements) above INR. 5,000/- and up to INR.

    50,000/- a flat charge of INR. 75/- inclusive of service tax.

    These charges will be passed on to NSBL who in turn will share the same with the

    affiliated Money transfer agencies.

    The entire amount of charges collected from the remitter would be remitted to Nepal and

    would form a part of the message format. Thus, the remitting banks in India originating

    remittances under the scheme would transfer funds free of charge.

14. REMITTANCE THROUGH ‘REAL TIME GROSS SETTLEMENT’ (RTGS)

    Name of Items Revised Rates

    (per transaction)

    Local Inward Remittance

    All Inward Remittance - NIL Outstation Inward Remittance

    Local Outward Remittance Nil

     Outstation Outward Remittance

    ` 2 to `5 lacs ` 25

    ` 5 lacs & above ` 50

    Note: Charges levied by RBI will be borne by banks and will not be realised from

    customers.

    6

    15.1 ECS Charges for Credit Clearing

Number of Entries Revised Rates

    ` 3 per entry + RBI or Destination Bank Charges if any. Up to 10,000 entries

    ` 2 per entry + RBI or Destination Bank Charges if any. Above 10,000 up to 1 lac

    Minimum ` 30,000 entries

    `1 per entry + RBI or Destination Bank Charges if any. Above 1 lac entries Minimum ` 2,00,000

    15.2 ECS Charges for Debit Clearing

    Name of the Items Revised rates

    `1 per transaction + RBI or Destination Bank Charges Debit Clearing if any, Minimum ` 2,750

    ` 50 per entry SB Returning Charges on account

    ` 75 per entry from other types of accounts of insufficient funds

    Income Tax Refund Orders Nil

    15.3 ECS Charges for Sponsor Bank, Destination Bank and/or RBI

    ECS Charges Revised Rates

    RBI or Destination Bank Charges if Sponsor Bank any, Minimum ` 2750

    On actual basis, i.e. as waived/by Charges payable to Destination Bank and/or RBI the guidelines of RBI

    16. INTERNATIONAL DEBIT-Cum-ATM CARD SERVICE

    Name of the Items Revised Rates Membership fee Nil

    Late Payment fee Nil

    Interest Charges Nil

    Annual fee st`100 per annum, (waived for 1 year)

    `100 Renewal Charges

    `100 Card Replacement Charges

    For Duplicate PIN Nil

    Transaction Charge for using Bank’s Own ATM Nil

    7

    Name of the Items Revised Rates Transaction Charge for Partner Banks in India Nil for Cash Withdrawal and/or

    connected through NFS/VISA Network Balance Enquiry

    `125 for Cash Withdrawal & ` 30 for Transaction Charge for Banks connected through VISA Network (Abroad) Balance Enquiry

    Point of Sale (POS) Transaction Charges Nil

    Using Card at Petrol Pumps 2.50% or `10 Minimum Using Card for Railway Ticket Reservations 2.50%

    NFS MEMBER BANKS

     ALLAHABAD DEVELOPMENT 2 3 KAUR VYSYA BANK 1 BANK CREDIT BANK

    ORIENTAL BANK OF 4 ANDHRA BANK 5 ICICI BANK 6

    COMMERCE 7 AXIS BANK 8 IDBI BANK 9 PUNJAB NATIONAL BANK

    BANK OF

    10 11 INDIAN BANK 12 SOUTH INDIAN BANK

    BARODA

    BANK OF INDIAN OVERSEAS TAMILNAD MERCATILE 13 14 15

    MAHARASTRA BANK BANK

    THE COSMOS CO-16 CANARA BANK 17 INDUSIND BANK 18

    OPERATIVE BANK LTD.

    CATHOLIC JAMMU KASHMIR THE DHANALAKSHMI 19 20 21

    SYRIAN BANK BANK LTD. BANK LTD.

    CITY UNION

    22 23 KARNATAKA BANK 24 HDFC BANK

    BANK

    CORPORATION STATE BANK OF

    25 26 27 UNITED BANK OF INDIA

    BANK INDIA

    UNION BANK OF

    28 DENA BANK 29 30 VIJAYA BANK

    INDIA

    31 YES BANK 32 BANK OF INDIA

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17. OTHER ITEMS:

    Name of Items Revised Rates

    `50 Latest entry Issuance of Duplicate Pass

    `60 for previous Entry/40 entries (per page) Book/Statement

    Ledger Folio Charges for CT A/c, `60 per 40 entries CC A/c & OD A/c

     Issuance of additional Statement of

    `100 per Additional Statement Accounts for CT A/c, CC A/c & OD A/c 1 month free

Remittance against Tender of 50% over & above normal rate Cash/DD/BC/PO

    Issuance of Call Deposit Receipts Nil

    `35/- per transaction other Branch.

    Note: If the standing instructions could not be carried out

    for insufficient balance in the account the charge of `35/-

    is to be levied. Standing Instructions (SI) Free of charge: -

    i) Crediting / Remitting interest in Term Deposits.

    ii) Crediting/remitting Recurring Deposit installments.

    iii)Crediting/ remitting installment in Loan a/c.

    ` 50 for SB per instrument Stop Payment Instructions

    ` 75 for others per Instrument

    Max. ` 300

    ` 0.50 per `100, Min `10 Issuance of Travelers‟ Cheques

    Issuing certificates pertaining to ` 100 per certificate or list securities/ list of securities lodged

    ` 50 per Certificate Issue of No-dues certificate/balance

    confirmation Nil (if within the Service Area)

    Attestation of customer‟s signature

    on share transfer form/LIC Policy/UTI ` 50 per certificate or list certificates etc.

    ` 50 per certificate Photo Attestation

    @ 09 Paise per ` 100, Turnover commission on Govt.

    `45/ per challan for Tax collection Business.(viz. CBEC, CBDT etc)

    `60/ per entry (pension)

    Handling/Incidental Charges for In-Nil operative/ Dormant SB A/c

    Handling/Incidental Charges for In-

    `75 per half year operative/ Dormant Current A/c (If balance is below `50,000)

    Collection of Deposit receipts on Collecting bank shall levy charges as applicable to

    maturity from Other Bank remittances. In case of local collection, charges as

    applicable to Bankers‟ Cheque, be levied Sharing of commission when Commission on 50:50 basis, i.e. remitting bank to charge

    instrument is collected through 50% & collecting bank to charge 50% of the applicable

    branch of another bank rate.

    ` 100 per token Loss of Token

    ` 100 per Bill Presentation of Usance Bills for acceptance

    9

    Name of Items Revised Rates

    Enquiry above 1 year upto 3 yrs `100 Enquiry relating to old record

    Above 3 yrs but upto 5 years ` 200 (Enquiry upto 12 months old Free)

    Above 5 yrs ` 500

    `1.50 per `100 per month upto 5 years Penalty charges for depositing

    delayed installments in R/D account `2.00 per `100 per month-more than 5 years

    `100 per 1000 pieces of currency notes of any Deposit of cash in bulk denomination

    Selling of Prospectus & Application To be negotiated with the corresponding Institution/ Forms for Educational Institutions / Board/others at the Zonal Office Level on case to case

    Housing Boards / Other basis

    Organizations

    18. SERVICE CHARGES OF ‘ANYWHERE BANKING FACILITY’

    Parameter Slab Revised

    Financial Transactions

    Cash Deposit Upto 25000 NIL

    Above 25000 NIL

    Cash Withdrawal Upto 25000 NIL

    Above 25000 NIL

    Transfer of funds (to be Upto 1 lac NIL

    debited from drawee‟s Above 1 lac upto 2 lac account) Above 2 lac

    Clearing Any amount NIL

    Speed Clearing Upto 1 lac Normal Charges as defined. No

    additional charges under „Anywhere Above 1 lac Banking‟.

    ECS Return for insufficient SB Accounts Normal Charges as defined. No fund additional charges under „Anywhere

    Other Accounts Banking‟.

    Issue of DD / NEFT / All customers Normal Charges as defined. No RTGS additional charges under „Anywhere

    Banking‟.

    Non-Financial Transactions

    Statement charges All customers NIL

    Updating of passbook All customers NIL

    Stop Payment Instructions SB Accounts Normal Charges as defined. No

    additional charges under „Anywhere

    Banking‟.

    Other Accounts Normal Charges as defined. No

    additional charges under „Anywhere

    Banking‟.

    Staff Accounts No charges under “Anywhere

    banking”

    19. CHEQUE TRUNCATION SYSTEM (CTS) RECOVERY OF PROCESSING CHARGES

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