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Inland Service Charges

Advance related Service Charges

Forex related Service Charges 

Fund Transfer Mode

Processing Charges

Exports

Cash Transaction

Miscellaneous Charges

Imports

Miscellaneous Charges

Inland Letter of Credit

Merchanting Trade

Safe Deposit Vault Rental

Documentation Charges

Inward Remittances

 

Inspection Charges

Outward Remittances

 

EM Charges

Sale of Foreign Currency / TC

 

Lead Bank Charges

Guarantees

 

 

Forward Contracts

 

 

Miscellaneous

 

 

 

 

 

INLAND TRANSACTIONS Related Service Charges

IC no. 9296 dated 31.05.12 (Inclusive of service tax) w.e.f 01.07.2012, IC no. 9239 dated 30.03.12 wef 01.04.2012, IC 9316 dated 28/06/2012, IC no. 9806 dated 16.01.2014 wef 15.02.2014, IC no.10164 dated 05.02.2015

  • Transfer, Collection, Remittance & Cash Transactions

Nature of services Particulars Unit NON-INDIVIDUALS INDIVIDUALS

Fund transfer through the following modes 

Basic Service Charges Service Charges (Rs.) Total Basic Service Charges Service Charges (Rs.) Total
     
I.RTGS – Inward NIL NIL
  RTGS – Outward (Minimum amount of remittance – Rs.2.00 lacs) Rs.2 lac to Rs.5 lacs ( As per time of entry in FINACLE as follows )       
09.00 hrs. to 12.00 hrs Per Transaction 22.25 2.75 25.00 22.25 2.75 25.00
After 12.00 hrs to 15.30 hrs. Per Transaction 23.14 2.86 26.00 23.14 2.86 26.00
After 15.30 hrs Per Transaction 27.59 3.41 31.00 27.59 3.41 31.00
Above Rs.5 lacs ( As per time of entry in FINACLE as follows )       
09.00 hrs. to 12.00 hrs Per Transaction 45.39 5.61 51.00 45.39 5.61 51.00
After 12.00 hrs to 15.30 hrs. Per Transaction 46.28 5.72 52.00 46.28 5.72 52.00
After 15.30 hrs Per Transaction 49.84 6.16 56.00 49.84 6.16 56.00
II.NEFT – Inward     NIL NIL
  NEFT – Outward upto Rs.1 lac Per Transaction NIL NIL NIL NIL NIL NIL
Above Rs.1 lac – 2 lacs Per Transaction 13.35 1.65 15.00 13.35 1.65 15.00
Above Rs.2 lacs Per Transaction 22.25 2.75 25.00 22.25 2.75 25.00
Intersol Fund Transfer through cheques drawn on Union bank or other Banks / Multicity cheques / Sweeps facility / Standing Instructions upto Rs.1 lac Per Transaction NIL NIL
Above Rs.1 lac – 2 lacs Per Transaction 13.35 1.65 15.00 13.35 1.65 15.00
Above Rs.2 lac – 5 lacs Per Transaction 22.25 2.75 25.00 22.25 2.75 25.00
Above Rs.5 lacs Per Transaction 45.39 5.61 51.00 45.39 5.61 51.00
2.Speed clearing ( to be recovered by collecting bank from customers) upto Rs.1 lac  NIL NIL
Above Rs.1 lacs  149.52 18.48 168.00 149.52 18.48 168.00
3.Electronic Clearing Service Applicable for debit as well as credit clearing – Per transaction 3.00 0.37 3.37 3.00 0.37 3.37
4.Collection of Outstation Cheques Upto Rs.5000 Per cheque 24.92 3.08 28.00 24.92 3.08 28.00
Rs.5001 – 100000 Per cheque 49.84 6.16 56.00 49.84 6.16 56.00
Rs.10001 – 100000 Per cheque 99.68 12.32 112.00 99.68 12.32 112.00
Rs.100001 and above Per cheque 149.52 18.48 168.00 149.52 18.48 168.00
5.Collection of Bills Upto Rs.10000 Per bill 108.58 13.42 122.00 108.58 13.42 122.00
Rs.10001 – 1 lacs Per  1000 8.90 1.10 10.00 8.90 1.10 10.00
Minimum 108.58 13.42 122.00 108.58 13.42 122.00
> Rs.1 lacs- Rs.25 lacs Per 1000 8.01 0.99 9.00 8.01 0.99 9.00
Minimum 897.12 110.88 1008.00 897.12 110.88 1008.00
Above Rs.25 lacs Flat 25000.00 3090.00 28090.00 25000.00 3090.00 28090.00
6.Demand Draft Upto Rs.5000 Per remittance 44.50 5.50 50.00 16.69 2.06 20.00
Rs.5001 – 10000 Per remittance 66.75 8.25 75.00 44.50 5.50 50.00
Rs.10001 – 100000 Per 1000 4.00 0.50 4.50 4.00 0.50 4.50
Minimum 66.75 8.25 75.00 66.75 8.25 75.00
Above Rs.1lac Per 1000 3.56 0.44 4.00 3.56 0.44 4.00
Minimum 400.50 49.50 450.00 400.50 49.50 450.00
Maximum 13349.95 1650.05 15000.00 13349.95 1650.05 15000.00
7.Remittance against tender of cash(DD) Maximum remittance Rs.50000/- DD Applicable remittance charges plus 50% of normal Charges Upto Rs.1000 – Normal charges.Above Rs.1000 – Applicable remittance charges plus 50% of normal Charges
NEFT 13.35 1.65 15.00 13.35 1.65 15.00
8.Purchase of DD/ PO for educational purpose by students  Upto Rs.5000 Per DD/PO N.A. 13.35 1.65 15.00
Above Rs.5000   Normal charges applicable to DD
9.Issue of Duplicate DD/Cancellation/Revalidation of DD (Revalidation allowed upto 1 years from the date of issue) Upto Rs.5000 Per DD/PO 17.80 2.20 20.00 17.80 2.20 20.00
Rs.5001 – 10000 Per DD/PO 44.50 5.50 50.00 44.50 5.50 50.00
Rs.10001 – 50000 Per DD/PO 44.50 5.50 50.00 44.50 5.50 50.00
Rs.50001 – 100000 Per DD/PO 44.50 5.50 50.00 44.50 5.50 50.00
Above Rs.1 lac Per DD/PO 90.66 11.21 102.00 90.66 11.21 102.00
For students Per DD/PO N.A. 13.35 1.65 15.00
10.Cash Transactions            
i.Cash withdrawal in SB/CD/CC/OD Accounts  NIL NIL
ii.Cash deposit in SB Accounts Cash deposit upto Rs.50000/- per day NIL NIL
Cash deposit above free limit (base as well as non-base branch) Per 1000 0.89 0.11 1.00 0.89 0.11 1.00
Minimum 8.90 1.10 10.00 8.90 1.10 10.00
Maximum 9066.39 1120.61 10187.00 9066.39 1120.61 10187.00
iii.Cash deposit in CD/CC/OD Accounts Cash deposit upto Rs.1.00 lac per day NIL NIL
  Cash deposit above Rs.1.00 lac per day (base as well as non-base) Per 1000 0.89 0.11 1.00 0.89 0.11 1.00
  Minimum 8.90 1.10 10.00 8.90 1.10 10.00
  Maximum 9066.39 1120.61 10187.00 9066.39 1120.61 10187.00
The waivers allowed in the following cases would continue:–       All cash received for eventually placing it as fixed deposit with the bank.-       Cash deposited towards repayment of loan.-       All accounts where we have already committed for free of charge services like LIC, BSNL, Govt. Accounts etc.-       Cash received under collection facility like the one extended to National Dairy Development Board for collections/payment of amount to milk pourers or any such arrangement.-       Cash deposit at base branch in SB accounts of Rural & Semi-urban branches.

 

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  • Miscellaneous Charges

Nature of services Particulars Unit NON-INDIVIDUALS INDIVIDUALS
      Basic Service Charges Service Charges (Rs.) Total Basic Service Charges Service Charges (Rs.) Total
1. Duplicate Statement/Pass Book For entries of one year (40 entries to be treated as one ledger page) SB-Per folio 66.75 8.25 75.00 53.40 6.60 60.00
CD-Per folio 66.75 8.25 75.00 53.40 6.60 60.00
Minimum            
For entries older than one year(40 entries to be treated as one ledger page) SB-Per folio 89.00 11.00 100.00 62.30 7.70 70.00
CD-Per folio 178.00 22.00 200.00 133.50 16.50 150.00
2. Duplicate Deposit Receipt   NIL NIL
3. Issue of cheque books including Multi City Cheque Books MICR Per ch.leaf 2.98 0.37 3.35 2.45 0.30 2.75
    Subject to 40 free cheque leaves in a financial year in SB Accounts
4. Stop Payment Instructions Single cheque Per instruction 129.94 16.06 146.00 97.45 12.05 109.50
Range of cheques SB-per instruction 299.04 36.96 336.00 224.28 27.72 252.00
CD-per instruction 652.37 80.63 733.00 489.28 60.47 549.75
5. Inability to carry out standing instructions due to insufficient balance in the account    Per occassion 54.29 6.71 61.00 45.33 5.60 51.00
One time 44.50 5.50 50.00 44.50 5.50 50.00
6. Enquiry relating to old records (More than 12 months old) 1 to 3 years old Per item     150.00     150.00
3 to 5 years old Per item     225.00     225.00
More than 5 years old Per item     350.00     350.00
7. Charges for non-maintenance of minimum Average Quarterly Balance SB – with Ch. Book Per quarter 97.90 12.10 110.00 97.90 12.10 110.00
-Without Ch. Book Per quarter 64.97 8.03 73.00 64.97 8.03 73.00
SB – Pension (with / without ch. Book N.A. NIL
SB –  Senior citizens N.A. NIL
CD – Companies Per quarter 418.30 51.70 470.00 418.30 51.70 470.00
CD – Others Per quarter 321.29 39.71 361.00 321.29 39.71 361.00
8. Closure of Account within 12 Months SB – with Ch. Book 163.76 20.24 184.00 122.82 15.18 138.00
-Without Ch. Book 108.58 13.42 122.00 81.43 10.07 91.50
CD – Companies       462.80 57.20 520.00
CD – Others 326.63 40.37 367.00 272.34 33.66 306.00
9. Inoperative / Dormant Account Account with minimum balance or above NIL NIL
Account below minimum balance but above Rs100/- (per annum or o/s balance whichever is less) -Metro/urban 108.58 13.42 122.00 108.58 13.42 122.00
-Semi urban / rural 54.29 6.71 61.00 54.29 6.71 61.00
Account with Balance of  Rs.100/- or less Full balance amount to be appropriated and a/c to be closed. Letter to be sent to account holder informing closure of account.
–       Dormancy period 1 year.-       Folio charges in CC/CD accounts will be applicable to dormant CC/CD accounts.-       Charges for non-maintenance of minimum balance should also be recovered wherever applicable.
10. Charges for customer induced debit entries in excess of 60 entries per quarter in SB a/c Per entry 13.35 1.65 15.00 13.35 1.65 15.00
11. Ledger Folio used in CD/OD/CC A/cs (For Accounts maintained on computer – 40 entries or part thereof to be treated as one ledger folio.)         Per folio 97.90 12.10 110.00 97.90 12.10 110.00
Subject to free folios p.a. as under               
Avg. Cr. balance Free folios Free folios
Upto 25,000 NIL NIL
>25,000-50,000 3 3
>50,000-1 lac 5 5
>1 lac As per UCCA norms As per UCCA norms
12. Presentation of Usance bills for acceptance Per bill 129.94 16.06 146.00 129.94 16.06 146.00
13. Safe Custody Charges Scrips Per scrip 10.68 1.32 12.00 10.68 1.32 12.00
Minimum 108.58 13.42 122.00 108.58 13.42 122.00
Sealed Covers Per cover 218.05 26.95 245.00 218.05 26.95 245.00
Sealed boxes:             
Upto 1000 cc Per box 598.08 73.92 672.00 598.08 73.92 672.00
Upto 8000 cc Per box 1197.05 147.95 1345.00 1197.05 147.95 1345.00
Upto 27000 cc Per box 1795.12 221.88 2017.00 1795.12 221.88 2017.00
Large boxes Per cc 0.17 0.02 0.19 0.17 0.02 0.19
Minimum 3590.25 443.75 4034.00 3590.25 443.75 4034.00
Bank’s Own Deposit Receipt NIL NIL
14. Attestation of Customer’s signature  – For obtaining loan from other banks Per occassion 44.50 5.50 50.00 44.50 5.50 50.00
 For other purposes As above 44.50 5.50 50.00 44.50 5.50 50.00
15. Issuance of any other certificate e.g. No Dues, Balance confirmation, Maintenance of a/cs, etc. on behalf of our clients as well as clients referred by other banks other than for Govt. sponsored schemes SB Per certificate 89.00 11.00 100.00 89.00 11.00 100.00
For Business purpose As prescribed by MSME Division
Photo Attestation 89.00 11.00 100.00 89.00 11.00 100.00
Certifying or verifying customer ECS mandate 89.00 11.00 100.00 89.00 11.00 100.00
Providing record copy of cheque 89.00 11.00 100.00 89.00 11.00 100.00
SMS Banking 13.35 1.65 15.00 13.35 1.65 15.00

 

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Nature of Service Particulars Service Charges Service Tax @ 12.36% Total Charges
1.Handling charges for cheques returned unpaid (including cash / transfer cheques)   Local                 
-Inward clearing return 44.50 5.50 Rs.50/-
-Outward clearing return (due to technical reasons) 44.50 5.50 Rs.50/-
-Outward clearing return (due to financial reasons)
Upto Rs.5.00 lacs 133.50 16.50 Rs.150/-
Above Rs.5.00 lacs – Rs.10.00 lacs 400.50 49.50 Rs.450/-
Above Rs.10.00 lacs Base Rate + 4.50 % p.a. for 1 day plus service tax Minimum Rs.450/-
Outstation 50%of collection charges plus service tax Minimum Rs.50/-
2.Handling charges for bills returned unpaid Local                  89.00 11.00 Rs.100/-
Outstation 50%of collection charges plus service tax Minimum Rs.100/-
3.Returning charges on Debit clearing under ECS 89.00 11.00 Rs.100/-
4.Loss of Safe Deposit Locker Key Actual expenses plus service tax subject to Minimum Rs.1000/-

 

Average Quarterly Balance Requirement (Amount in Rs.)
CENTRES Average Quarterly Balance (AQB)
Savings Bank Accounts Current Deposit Accounts
Without cheque book With cheque book Company Others
Metro 500 1000 10000 5000
Urban 500 1000 10000 3000
Semi-urban 250 500 10000 2000
Rural 100 250 5000 1000
         
Pension Accounts
 – Account without cheque book Rs.20
 – Account without cheque book Rs.250
No Frills Accounts
(i) Bio-metric Smart Card Enabled Accounts Nil
(ii) Other than Bio-metric Smart Card Enabled Accounts  
 a. In north-eastern regions Nil
 b. In other than north-eastern regions Rs.25

Recovery of  Service Charges is automated except the following charges:-

  • Issuance of duplicate pass books & statement.
  • Enquiry relating to old records.
  • Presentation of usance bills for acceptance.
  • Safe custody of articles.
  • Attestation of customer signature.
  • Attestation of photo.
  • Certifying / Verifying ECS mandate.
  • Issuance of balance / no dues certificate.
  • Loss of SDV keys.
  • Concessions available to various segments like ex-servicemen, physically disabled persons, freedom fighters, RRBs etc. given in IC no. 9296 dated 31.05.2012 will continue.

Safe Deposit Vault Rental (p.a.) WEF 15.02.2014

Type of Lockers Rural/ Semi Urban Branches Urban Branches Metro Branches
Basic Service Charges Service Charges Total(Rs.) Basic Service Charges Service Charges Total(Rs.) Basic Service Charges Service Charges Total (Rs.)
A 747.60 92.40 840.00 997.69 123.31 1121.00 1068.00 132.00 1200.00
B 747.60 92.40 840.00 997.69 123.31 1121.00 1068.00 132.00 1200.00
C 1496.08 184.92 1681.00 2492.88 308.12 2801.00 2669.99 330.01 3000.00
D 1496.08 184.92 1681.00 2492.88 308.12 2801.00 2669.99 330.01 3000.00
E 1496.08 184.92 1681.00 2492.88 308.12 2801.00 2669.99 330.01 3000.00
F 2492.88 308.12 2801.00 2992.17 369.83 3362.00 3114.99 385.01 3500.00
G 2492.88 308.12 2801.00 2992.17 369.83 3362.00 3114.99 385.01 3500.00
H 2492.88 308.12 2801.00 2992.17 369.83 3362.00 3114.99 385.01 3500.00
H-1 1496.08 184.92 1681.00 2492.88 308.12 2801.00 2669.99 330.01 3000.00
L 3997.86 494.14 4492.00 5000.00 618.00 5618.00 5000.00 618.00 6200.00
L-1 3997.86 494.14 4492.00 5000.00 618.00 5618.00 5000.00 618.00 6200.00
-Charges for locker operations – 12 operations p.a. free, Beyond 12 operations p.a. charges @Rs.20/- per operation will be charged.
· SDV/Strong Rooms, etc. of sizes other than A to L-1 –  Proportionate rent of the SDV of maximum size  that can be fitted into would be charged.
· Penal interest  @ 18% on rent overdue with the minimum of Rs.5 will be levied.
· Lockers can be leased for a period upto 3 years at a time subject to advance payment of rent.  However, there would not be any concession in case advance rent is paid by customer.
· The rent payable for the overdue period to the date of revision i.e. 14.02.2014 would be recovered at old rate and w.e.f. 15.02.2014 the rent at the revised rate would be recovered.  Where rent for 3 years has been recovered prior to revision, no difference would be recovered.   Such calculations should be rounded off to the nearest 6 months.
· Refund of advance rent may be allowed for the unexpired period in case the locker is surrendered before the expiry of the period of 3  years for which advance rent is paid. The refund will be made for unexpired period in complete years i.e. fraction of a year remaining in the year of surrender will be ignored. e.g. if the locker is surrendered after 1 year 4 months the refund will be allowed only for the period of 1year and not for 1 year 8 months.

 

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Advance Related Service Charges

(Inclusive of service tax) w.e.f 01.04.2012

IC 9243 dated 03.04.2012, IC 9359 dated 02.08.2012, IC no.10124 dated 11.12.2014

 

Nature of Service Particulars Unit Basic Service Charges Service Charges (Rs.) Total
1.Processing charges on Working Capital (FB) Fresh Sanctions Upto Rs.25,000 – priority Sector NIL NIL NIL
Upto Rs.25,000 – other than  priority Sector 250.00 30.90 280.90
Above Rs.25,000 – Rs.2 lacs Per Proposal 400.00 49.44 449.44
Above Rs.2 lacs – Rs.10 lacs Per Rs.1 lac 300.00Min. Rs.1000/- + ST 37.08 337.08
Above Rs.10 lacs Per Rs.1 lac 300.00 37.08 337.08
Maximum 2500000.00+ ST
The maximum processing charges for both FB & NFB working capital facility shall be Rs.25.00 Lacs + ST  In case of Micro & Small enterprises (MSE), 25% concession in normal charges

Evaluation Fees: In case of agricultural advances no evaluation fee would be charged in view of non-availment of refinance from NABARD. However, processing charges as applicable to other advances would be recovered. In case of availment of refinance the charges will be levied as follows:

  • Evaluation fee will be charged on schematic lending, in case specific scheme is formulated through NABARD refinance.

In case of bank co-finance in specific project with NABARD, evaluation fee charged on case-to-case basis.

2.Renewal / Modifications Particulars Unit Basic Service Charges Service Charges (Rs.) Total
(i) Renewal at existing level Normal basic charges Normal Tax Normal charges
(ii) Renewal with enhancement On original limits renewed Normal basic charges Normal Tax Normal charges
(iii) If enhancement is subsequent to renewal of original limit On enhanced portion of limits Normal charges should be levied on pro-rata basis for the relevant period so as to coincide with expiry date of original limit
(iv) In case of gap between expiry date of original facility and its actual renewal with or without enhancement Processing charges from the date of actual renewal (with or without enhancement) as per prescribed rates would be levied.
In case the facility is utilized during the intermittent period i.e. from the expiry of original limits till its renewal, processing charges at prescribed rates on pro-rata basis should be levied. Whenever short review is undertaken, processing charges from the expiry of original limit till short review should be recovered at the prescribed rates on pro-rata basis.
In case the facility is kept under abeyance during the intermittent period, processing charges need not be levied.
3. Adhoc sanctions   150% of normal charges for actual period of adhoc limit (Penal interest to be charged)
4. Non fund bases working capital   50% of charges levied for FB limits – Max Rs.25 lacs for both FB & NFB +ST @12.36% on basic charges.
5.Non fund based other than working capital 20% concession for MSME applications received online. 50% of charges levied for FB limits – Max Rs.20 lacs for both FB & NFB +ST @12.36% on basic charges.
6.Upfront recovery of processing fees Rs.1 crore & above – 50% while conveying sanction & 50 % at the time of disbursal +ST @12.36% on basic charges.
7.Refund of processing fees  75% refund if sanction is not agrred when conveyed. If the consent / acceptance for limits sanctioned is not given within 2 weeks, the processing charges recovered upfront will be forfeited.

8.No processing charges on: Advance against deposits, Advance sanctioned against security of gold for agriculture, Bank guarantee backed by 100% cash margin

9.Concessional processing charges: 50% processing charges + ST @12.36% on basic charges on advance against Government Securities, UTI/mutual fund units, NSCs, KVPs, IVPs, RIBs, IMDs.

10.Processing charges on Term Loan / DPGL / Demand Loan (upfront one time fees)
10.1 One time upfront fees on term laons UptoRs.25000/- 250.00 30.90 280.90
Above Rs.25000 – Rs.2 lacs 500 61.80 561.80
Above Rs.2 lacs – 50 crores 1% upfront plus service tax
Above Rs.50 crores 0.50% + ST with no upper ceiling
10.2 Term loans for traders / lease rentals / Doctors For traders / doctors : up to Rs.10 cr. – 1% + ST Rs.10 crores to Rs.25 crores – 0.75% + STAbove Rs.25 crores – 0.50% + ST
For lease rentals up to Rs.5 cr. – 0.50% + ST Above Rs.5 crores – 0.25% + ST
10.3 At the time of review(Processing charges should be levied on o/s loan amount and not on the sanctioned amount.
a.In case no enhancement / restructuring / reschedulement is involved. Upto Rs.50 lacs – NIL50 lacs to Rs.5 crores – Rs.5000/- + ST 618/-Above Rs.5 crores – Rs.10000/- + ST 1236/-
a.In case any enhancement / restructuring / reschedulement is involved. 1% for the enhanced / additional exposure / and 0.25% for restructured / rescheduled amount.
10.4 Processing charges on short term loan Rs.250/- p.a. per lac, minimum Rs.25000/-STL for 12 months – Max. Rs.20 lacsSTL for 6 months – Max. Rs.10 lacsSTL for 3 months – Max. Rs.5 lacs
Notes : 1. No processing charges on following categories: Crop Loans, Any other agriculture loans, Education Loans, Micro Enterprises, Small loans upto Rs.5.00 lacs.2. Flat Processing charge of Rs.500/- per housing loan.
10.5 Pre-payment charges In respect of term loans both priority and non-priority one time pre-payment penalty will be imposed @1% on the outstanding liability. Pre-payment is not applicable for working capital limits.
10.6 Commitment charges for unutilized limit / underutilize limits 0.5% p.a. on unutilized WCFB limits / Term Loan applicable for borrower with WCFB limits / TL of Rs.5 crores and above. In case of term loans, the commitment charges should be levied on unavailed portion with reference to draw down schedule.
i. Modification in limits (Incl. Sanction of new line of credit by earmarking existing limit)
Corporate Customers   
Upto Rs.10 crores  Rs.25000/-            3090.00                     28090.00
Rs.10 crores to Rs.50 crores        Rs.50000/-            6180.00                     56180.00 
Above Rs.50 crores                   Rs.100000/- 12360.00                   112360.00 
Non Corporate Customers  
Upto Rs.10 lacs                               Rs.2500/-            309.00                     2809.00 
Rs.10 lacs  to Rs.1 crores                   Rs.5000/-            618.00                     5618.00
Rs.1 crore to Rs.10 crore                   Rs.15000/-          1854.00                       16854.00 
Above Rs.10 crores                         Rs.25000/-           3090.00                  28090.00 
ii. Revalidation of limits
iii. Sanction/Roll over of FCL
iv. Issue of Comfort Letter for Buyers Credit
v. Interest concession
vi. Reduction in commission/ other service charges
vii. Reduction in margin/ collateral coverage
viii. Waiver of personal/corporate guarantee
ix. Waiver of any other sanction stipulation
x. Any other miscellaneous request
Xi. Invocation of Guarantee. 
11.2 Issue of NOC
Corporate Customers   
  Rs.50000/-         6180.00                   56180.00
Non Corporate Customers  
  -Rs.25000/-             3090.00                     28090.00
11.3 Earmarking limits for CP / STLs to be availed with other banks / our bank 0.10% of the amount of limit earmarked. Minimum Rs.25000/- & Maximum Rs.2 lacs + ST @12.36%.
Miscellaneous Charges
1.Guarantee Commission
1.1 Performance guarantee Minimum for 1 quarter 2% p.a. + ST
1.2 Other Guarantee Minimum for 1 quarter 3% p.a. + ST
1.3 Renewal / Extension of Guarantee  Same charges as applicable for issuance of fresh guarantee except that the claim period not to be charged if the renewal is effected before the expiry date of the original guarantee
1.4 Guarantees Secured by 100% cash margin Rs.500/- per LG 500.00 61.80 561.80
1.5 Guarantee secured by 100% term deposit including third party deposits of our bank  25% of normal charges to be recovered for minimum 1 quarter
1.6 Letter of comfort  Normal charges as per the rates applicable for financial bank guarantee.
1.7 Refund of guarantee commission on guarantees tendered for cancellation before the expiry date  1). If the purpose for which guarantee was issued is served and the original guarantee is returned for cancellation before the expiry date, no commission will be refunded.2). In other cases if the purpose is not served and the original guarantee is returned for cancellation before the expiry date, the commission will be refunded as 50% of original rate for the unexpired period of guarantee less 3 months.
2.Inland Letter of Credit
2.1 LC opening charges 2.1) Usance charge and  a) Usance charges : 2.40% p.a. for the usance period for complete month or part thereof. In case of sight bills / usance for less than 1 month, minimum 1 month charge @ 0.20%  minimum Rs.750 plus service tax
2.40% 0.30% 2.70%
750.00 92.70 842.70
2.2) Commitment charge should be levied for the period of liability ( from the date of opening of credit to the last date of its validity) b) Commitment charges : 1.20% p.a. with a minimum period of 1 month or part thereof as @0.13 plus service tax
1.20% 0.15% 1.35%
2.3 Extension of period  As applicable for LC issuing as per usance and commitment charge on Prorata basis (Point 2.1 & 2.2) plus service tax
Minimum 750.00 92.70 842.70
2.4 Other amendments to LC Rs.500/- per amendment 500/- 61.80 561.80
2.5 Increase in amount of credit As applicable for LC issuing on prorate basis for the amount increased above original amount on Prorata plus service tax
750.00 92.70 842.70
2.6 Revolving LC Same as per LC opening charges + on each reinstatement usance charges 2.40% p.a. according to tenor and commitment charge of 1.20% p.a. on reinstated amount – min. Rs.750 plus service tax
3.51% minimum Rs.750/- 0.49% min. Rs.92.70 2.40% minimum Rs.842.70
2.7 Advising of LCs 750.00 92.70 842.70
2.8 Advising of amendments Per amendment 500.00 61.80 561.80
2.9 Confirmation of LC As applicable to LC opening charges
2.10 Transferable LC Per transfer 1000.00 123.60 1123.60
2.11 Acceptance commission  On all LCs established by other banks calling for usance drafts to be drawn on & accepted by our Bank, an acceptance commission @2.40% p.a. with a minimum of Rs.750 plus service tax
3.51% minimum Rs.750/- 0.49% min. Rs.92.70 2.40% minimum Rs.842.70
2.12 Bills received under LC Per bill upto Rs.25 lacsPer bill above Rs.25 lacs 2000/-4000/- 247.20494.40 2247.204494.40
2.13 Negotiation charges With a minimum plus discount at applicable rate of interest from the date of negotiation to the date of reimbursement. 0.40% 0.049% 0.449%
Minimum 1000.00 123.60 1123.60
Collection of LCs established by other banks Negotiation charges and interest thereon are to be collected for the LC’s established by other banks. In such case, collection charges should not be levied.
In case of LCs established by our bank branches Minimum In case of LC’s established by our bank branches, only collection and interest as per rating should be collected for the usance period. In case of sight documents interest for a maximum period of 15 days should be collected subject to a minimum Rs.750 plus sevice tax.
Minimum 750.00 92.70 842.70
Minimum in case of sight documents Minimum 750.00 92.70 842.70

 

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2.14 Guarantees on account of discrepancies in documents 1. If payment received under reserve is credited to beneficiary’s account 0.25% 0.03% 0.28%
  Minimum 750.00 92.70 842.70
  Presentation of usance bills for acceptance Per bill 250.00 30.90 280.90
2.15 LC secured by 100% cash margin / term deposit  25% of normal charges in respect of L/C opening charges subject to a minimum of Rs.750 plus service tax
Minimum 750.00 92.70 842.70
2.16 Standby LC As per the changes applicable for financial bank guarantee i.e. 3% p.a. + ST
2.17Letter of Credit Overdue Interest Overdue interest should be charged if the bill is not paid on due date.
This is applicable to demand / usance bills negotiated under LC opened by the branches. The reason for the same is  that in case of any default, the Bank, which has opened the LC would be liable to honour the commitment under the LC. The position where the LC is opened by another branch of the negotiating bank or by a branch of a bank other than the negotiating bank, does not affect the position of the negotiating bank / branch.
2.18 Attestation of commercial invoice At the time of negotiation 0.00 0.00
Subsequent occassion 100.00 12.36 112.36
2.19 Out of pocket expenses All out of pocket expenses such as postages, telegrams, telexes, cables shall be collected from the beneficiary unless otherwise specified.
2.20 Charges of authorised signatory including reconstitution of account per charge 500.00 61.80 561.80
2.21 Redemption of securities(other than loan against deposit) Actual exp. + Rs.250/- plus service tax 250.00 30.90 280.90

3.Documentation Charges (Fund Based). Also applicable on adhoc limits/single transaction limits excluding stamp duty

  Rs.2.00 lacs to 10.00 lacs 1250.00* 154.50 1404.50
Rs.10.00 lacs to 25.00 lacs 2500.00 309.00 2809.00
Above Rs.25 lacs to Rs.1.00 crore 5000.00 618.00 5618.00
Above Rs.1.00 crore 10000.00 1236.00 11236.00
*as per IC no. 8055 dated 28.07.2008
3.1 No documentation charges: Loan against deposits (as per IC no. 9036 dated 13.08.2011)Retail Lending Schemes except Union Trade, Crop loans upto Rs.3 lacs and Gold loans upto Rs.25 lacs for agriculture purpose.
3.2 Concessional documentation charges will be levied on:25% of normal documentation charges ona.  Advances against Government Securities, UTI/Mutual Fund Units, NSCs, KVPs, IVPs, RIBs, IMDs.b.  Agricultural advancesc.Bank guarantees backed by 100% cash margin.
4. Inspection Charges on advance proposals including Union Trade (No inspection charges on advances under Retail Lending Scheme and on crop loans (UGC / KCC upto Rs.3 lacs ) Rs.2.00 lacs to 25.00 lacs per visit 250.00 30.90 280.90
Above Rs.25 lacs to Rs.1.00 crore per visit 500.00 61.80 561.80
Above Rs.1.00 crore (out of pocket expenses including travel / stay) per visit 1000.00 123.60 1123.60
5.Equitable Mortgage Charge On total exposure.- Also applicable for extension of mortgage for enhancement and for substitution of title deeds.- As per instance irrespective of number od title deeds.- For extension of EM recorded in favour of other lenders also. Upto Rs.1 crore 2500.00 309.00 2809.00
Rs.1 crore to Rs.5 cr 5000.00 618.00 5618.00
Above Rs.5 crore 10000.00 1236.00 11236.00
6.Registration of Equitable Mortgage with Central Registry    For credit facility upto Rs.5 lacs 250.00 30.90 280.90
For credit facility more than Rs. 5 lacs 500.00 61.80 561.80
7.Satisfaction of Equitable Mortgage with Central Registry Per case 250.00 30.90 280.90
Credit Information Reports pulled from portal of Credit Information Companies including CIBIL on request of Customer Per case Rs.50.00 for Consumer Report Rs.500/- for Commercial Report
8.Lead Bank Charges                      (Fund Based +Non-fund Based)   Upto Rs.50 crores 0.25% 0.030% 0.28%
   Above Rs.50 crores 0.15% 0.02% 0.17%
Lead Bank Charges are applicable on Term Loans upto COD only and no such charges would be levied subsequently on review/renewal of Term Loans. In case any enhancement/restructuring is involved subsequently, Lead Bank charges will be applicable only for the enhanced amount or restructured amount. Maximum Rs.25 lacs
9.Holding of consortium meeting NIL (Normal lead bank charges to be collected)
10.Project Appraisal Charges  (Technical Inspection Charges) Reimbursement of actual payment +0.10% of fee plus service tax 0.10% 0.010% 0.11%
11.Issuance of Solvency Certificate Upto Rs.1 lacs Per certificate 250.00 30.90 280.90
  Rs.1 lacs- 10 lacs Per certificate 1000.00 123.60 1123.60
  Rs.10 lacs- 1 crore Per certificate 5000.00 618.00 5618.00
  Rs.1 crore – 5 crores Per certificate 10000.00 1236.00 11236.00
  Above Rs.5 crores Per certificate 25000.00 3090.00 28090.00
12.Issuance of any other certificate e.g. No Dues, Balance confirmation, Maintenance of Account, etc. on behalf of our clients as well as clients referred by other banks other than for govt. sponsored schemes For business purposes Per certificate 500.00 61.80 561.80
13.Marking of / lifting of lien on NSC/ RBI Bonds/ KVP/ IVP Assignment of LIC Policy Per account 100.00 12.36 112.36
14.Marking of / lifting of lien with RTO / Revenue authority – No charges on retail lending schemes except Union Trade / High Pride Per account 500.00 61.80 561.80
15.TUF subsidy application processing fee Upto Rs.1 crore 1000.00 123.60 1123.60
Above Rs.1 crore 2500.00 309.00 2809.00
16.Charges for supplying copy of document Upto Rs.1.00 crore (Other than Govt. Sponsor Schemes and Priority Sector upto Rs.25000/-) 500.00 61.80 561.80
Over Rs.1.00 crore (Other than Govt. Sponsor Schemes and Priority Sector upto Rs.25000/-) 1000.00 123.60 1123.60
17.Providing Service charges for  credit opinion including introduction when no credit limit availed from us 500.00 61.80 561.80
when credit limits are availed from us 1000.00 103.00 1123.60
18.ROC registration/ modification / satisfaction charges Actual + Rs.500 plus service tax 500.00 61.80 561.80
19. Search Report Actual + Rs.500 plus service tax 500.00 61.80 561.80
20. Registration of Power of Attorney Rs.500/- per POA 500.00 61.80 561.80
21.CDR A/C Debt Involved Upto Rs.100 crore. One time fee for referring Inst.(RI) 500000.00 61800.00 561800.00
    for Mon. Inst. 200000.00 24720.00 224720.00
    for TRA Bank 500000.00 61800.00 561800.00
  > Rs.100 crores to Rs.500 crores One time fee for referring Inst.(RI) 1500000.00 185400.00 1685400.00
    for Mon. Inst. 500000.00 61800.00 561800.00
    for TRA Bank 750000.00 92700.00 842700.00
  > Rs.500 crores to Rs.1000 crores One time fee for referring Inst.(RI) 5000000.00 618000.00 5618000.00
    for Mon. Inst. 1000000.00 123600.00 1123600.00
    for TRA Bank 1000000.00 123600.00 1123600.00
  > Rs.1000 crores One time fee for referring Inst.(RI) 10000000.00 1236000.00 11236000.00
    for Mon. Inst. 1500000.00 185400.00 1685400.00
    for TRA Bank 2000000.00 247200.00 2247200.00
  MI fee if more than 5 CDR lenders Upto Rs.100 cRs. 300000.00 37080.00 337080.00
  > Rs.100 cr. to Rs.500 cr. 750000.00 92700.00 842700.00
  For TRA Bank if more than 10 CDR lenders > Rs.501 cr. to Rs.1000 cr. 1500000.00 185400.00 1685400.00
  > Rs.1000 cr. 2250000.00 278100.00 2528100.00

 

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FOREX TRANSACTIONS Related Service Charges

(Inclusive of service tax) w.e.f 01.04.2012

IC 9237 dated 27.03.2012, 8260 dated 05.03.2009 & IBD circular no.6265 dated 15.03.2011.

Type of Transaction  Base service charges Service Charges (Rs..) Total including service tax (in rupees)
I.EXPORTS
1.Bills purchased / discounted / negotiated
i)for each bill under FDBP / FUDBP & FDBD
a.up to the value of Rs.5.00 lacs Up to Rs.2.00 lacs – Rs.500/- per billAbove Rs.2.00 lacs – Rs.750/- per bill (in addition to applicable interest) 62/-93/- Rs.562/-Rs.843/-
b.above Rs.5.00 lacs Rs.750/- per bill flat (in addition to applicable interest) 93/- Rs.843/-
ii)Forwarding export documents to another authorized dealer to whom the LC is restricted. Rs.750/- per bill flat 93/- Rs.843/-
iii)Lodgement of reimbursement claims under export LC. Rs.750/- 93/- Rs.843/-
iv)Letter of Comfort / indemnity / guarantee for documents drawn under restricted LC. 0.25% flat. Min.Rs.500/- 0.03% min.62/- 0.28%. Min. Rs.562/-
v) Overdue export bills purchased / negotiated / discounted (if payment is not received in Nostro account on due date – Charges to be recovered from the due date) if paid within one month from the due date – no overdue charges.
–       Up to Rs.2.00 lacs or equivalent Rs.250/- per quarter or part thereof per bill 31/- Rs.281/-
–       Over Rs.2.00 lacs or equivalent Rs.500/- per quarter or part thereof per bill 62/- Rs.562/-
vi)Purchased bill converted to collection – other than crystallized overdue bills controlled in collections A flat charges of Rs.650/- be levied for handling. 80/- Rs.730/-
vii)Discrepancy fee Rs.500/- 62/- Rs.562/-
2.Export bill for collection
i)Export bill sent on collection basis 0.10% min. Rs.650/-. Max. Rs.4500/- per bill 0.02% min.80/- max. 556/- 0.12%. Min. Rs.730/-. Max. Rs.5056/-
ia)Export bills against which payment already received If payment received through our Bank : 50% of the above with Min.Rs.500/-If payment received through other Banks : usual charges as above.
ii)Exports documents sent by the exporter directly (as permitted under FEMA) to the drawees If payment received through our Bank : 50% of the above with Min.Rs.500/- Max. Rs.2500/-.If payment received through other Banks : usual charges as above. 0.02% min.62/- max309/- 0.12%. Min. Rs.562-. Max. Rs.2809/-
The charges in respect of 2 i) ia) & ii) above to be recovered upfront irrespective of sight or usance documents / bills
iii) Forwarding export documents to another authorized dealer to whom the LC is restricted. Rs.750/- per bill flat 93/- Rs.843/-
iiia)Additional charges where proceeds received through a Bank other than collecting Bank at the instance of exporter / buyer Rs.750/- per bill flat 93/- Rs.843/-
iv)In case of overdue exports bills sent on collection where the proceeds are not received in India  on or before the due date, charges to be recovered from such due date, if paid within one month from due date
–       Up to Rs.2.00 lacs or equivalent Rs.250/- per quarter or part thereof 31/- Rs.281/-
–       Over Rs.2.00 lacs or equivalent Rs.500/- per quarter or part thereof per bill 62/- Rs.562/-
v)In case an export bill for collection (both in foreign currency as well as  in rupee) is subsequently purchased / discounted / negotiated.  No additional charges. No refund of charges collected as per 2 (i). interest to be charged as applicable
vi)Dishonored Bills Rs.1000/- 124/- Rs.1124/-
The above charges are not applicable in case of bills drawn on countries with externalization problems i.e. where bills have been paid in local currency and exporter has obtained RBI approval.
3.Commission in lieu of exchange
i)Where pre shipment advance has been granted against a letter of credit / export order but the documents under the relative letter of credit / export order are negotiated through another bank. 0.125% flat Min. Rs.500/- Max. Rs.25000/- 0.015% min.62/- max.3090/- 0.14% Min.Rs.562/-. Max. Rs.28090/-
Where the proceeds of an export bill negotiated are paid in foreign currency to another authorized dealer. 0.125% flat Min. Rs.500/- Max. Rs.25000/- 0.015% min.62/- max.3090/- 0.14% Min.Rs.562/-. Max. Rs.28090/-
ii)Where an export bill is sent for collection abroad but the payment is received in rupees through another authorized dealer in India. 0.125% flat Min. Rs.500/- Max. Rs.25000/- 0.015% min.62/- max.3090/- 0.14% Min.Rs.562/-. Max. Rs.28090/-
iii)Export proceeds credited to EEFC account-
iv)Deemed export bills ( commission to be charged if payment is received in rupee ) 0.125% flat Min. Rs.500/- Max. Rs.25000/- 0.015% min.62/- max.3090/- 0.14% Min.Rs.562/-. Max. Rs.28090/-
v)Any other case where the bank does not earn any exchange margin 0.125% flat Min. Rs.500/- Max. Rs.25000/- 0.015% min.62/- max.3090/- 0.14% Min.Rs.562/-. Max. Rs.28090/-
4.Advising of Export LC
i)Advising Letter of Credit Rs.1000/- per LC 124/- Rs.1124/-
ii)Advising amendments Rs.500/- per amendment 62/- Rs.562/-
Advising LC or amendment as a second advising bank Flat Rs.250/- in addition to the charges claimed by the 1st advising bank. 81/- Rs.281/-
iii)Confirmation Charges
Commitment charges for the period of validity of the LC 0.60% p.a. Min. for one quarter or Rs.750/- whichever is higher and monthly thereafter (part month to be taken a full month) 0.07% min.93/- 0.67% Min. Rs.843/-
Plus Usance commission
–       Sight 0.15% flat 0.02% 0.17%
–       Usance 1.00% p.a. Min. for one quarter or Rs.1250/- whichever is higher and monthly thereafter (part month to be taken a full month) 0.12% min.155/- 1.12% Min. Rs..1405/-
Commission + usance charges Min. Rs.2000/- 247/- Rs.2247/-
Note :- where the LC amount exceeds Rs.4.00 crores (earlier slab of Rs.5.00 crores has been brought down to Rs.4.00 crores)
a.On the first Rs.4.00 crores Normal rate as above
b.Above Rs.4.00 crores to Rs.8.00 crores 50% of normal rate on the amount in excess of Rs.4.00 crores
c.Above Rs.8.00 crores 25% of normal rate on the amount in excess of Rs.8.00 crores
iv).Transfer of Letter of Credit Rs.1000/- for each advice of transfer + Rs.500/- for transfer of LC amendment 124+62 Rs.1124 + Rs.562/-
v).Acceptance of usance drafts on us to pay on due date (under LCs established by foreign banks for exports) 1.80% p.a. Min. 1 month or part thereof Min. Rs.1000/- 0.22% min.124/- 2.02% Min. Rs.1124/-
5.Certificate Charges
Issuance of FIRC, BRC or any certificate or attestation Rs.150/- flat per certification / attestation 19/- Rs.169/-
II. IMPORTS
1.Opening of import letter of credit
i).Commitment charges for the period of validity of the LC 0.60% p.a. Min. for one quarter or Rs.750/- whichever is higher and monthly thereafter (part month to be taken a full month) 0.07% min.93/- 0.67% Min. Rs.843/-
ii)Usance Commission
–       Sight 0.15% flat 0.02% 0.17% flat
–       Usance 1.20% p.a. Min. for one quarter or Rs.1250/- whichever is higher and monthly thereafter (part month to be taken a full month) 0.15% min.155/- 1.35% Min. Rs.1405/-
For the purpose of levying commitment and usance charges the total amount committed inclusive of interest amount and tolerance level shall be reckoned.
Note :- where the LC amount exceeds Rs.4.00 crores (earlier slab of Rs.5.00 crores has been brought down to Rs.4.00 crores)
a.On the first Rs.4.00 crores Normal rate as above
b.Above Rs.4.00 crores to Rs.8.00 crores 50% of normal rate on the amount in excess of Rs.4.00 crores
c.Above Rs.8.00 crores 25% of normal rate on the amount in excess of Rs.8.00 crores
        Minimum commission i) +ii) together (commitment charges + usance commission) Min. commission: Commitment +usance Rs.2000/- 247/- Min. Rs.2247/-
iii)LCs established with 100% cash / bank deposit margin 25% of the normal commission. Min. Rs.1000/- 124/- Min. Rs.1124/-
75% cash margin / deposits 50% of the normal commission. Min. Rs.1000/- 124/- Min. Rs.1124/-
2.Amendment to LC
i)Extension of validity of LC within 3 months period (for which commitment charges has been collected) Rs.750/- 93/- Rs.843/-
ii)Extension of validity of credit goes beyond 3 months (for which commitment charges has been collected upto 3 months) Fresh commitment charges @0.60% p.a. per quarter or part thereof with min. of Rs.750/- 0.07% min.93/- 0.67% Min. Rs.843/-
iii)Enhance ment of value of credit Both commitment and usual charges as applicable to the LC for the period and tenor already issued. Min. Rs.750/-. 93/- Min. Rs.843/-
Note :- if such enhancement in value leads to face value of the  LC exceeding Rs..4.00 crores, the charges are to be levied @ 50% of normal rate on the amount in excess of Rs..4.00 crore upto Rs..8.00 crore & for above Rs..8.00 crore. 25% of the normal commission.
iv)Increase in the usance period Appropriate usance charges @1% p.a. Min. 1 month shall be collected on o/s. LC subject to min. Rs..750/- 0.12% min.93/- 1.12% Min. Rs.. 843/-
v)Amendment other than extension of validity or enhancement of value. Rs.750/- 93/- Rs.843/-
vi)For revival / reinstatement of an expired LC within 3 months from the date of expiry. Fresh commitment charges & usance charges from date of expiry till new validity. (as if new LC has been established from the date of expiry) Min. 1 month or Rs.2000/- 247/- Rs.2247/-
3.Revolving Letter of Credit
i).Commitment charges for the period of validity of the LC to be charged upfront on the issuance of LC. 0.60% p.a. Min. for one quarter or Rs.1000/- whichever is higher and monthly thereafter (part month to be taken a full month) 0.07% min.124/- 0.67%. Min. Rs.1124/-
ii).On each amount reinstated from the date of reinstatement to the date of subsequent reinstatement or the last date of validity of LC. 0.60% p.a. Min. for one quarter or Rs.750/- whichever is higher. 0.07% min.93/- 0.67%. Min. Rs.843/-
AND
iii)Usance Commission
–       Sight 0.15% 0.02% 0.17%
–       Usance-       First year-       Beyond 1 year (Second year onwards) 1.20% p.a. Min. for one quarter and monthly thereafter (part month to be taken a full month) Min. Rs.1250/-1.80% p.a. after 1 year 0.15% min.155/-0.22% min.155/- 1.35% Min. Rs.1405/-.2.02% Min. Rs.1405/-
To be charged on the maximum drawings. Subsequently on each reinstatement.
If value of the each drawing exceeds Rs.4.00 crores
a.Upto Rs.4.00 crores Normal rate as above
b.Above Rs.4.00 crores & upto Rs.8.00 crores 50% of normal rate on the amount in excess of Rs.4.00 crores
c.Above Rs.8.00 crores 25% of normal rate on the amount in excess of Rs.8.00 crores
4.Commission on import bills (under LC)
a.Foreign currency bills at the time of crystalisation or retirement, whichever is earlier 0.15% with Min. Rs.750/-. Max. Rs.60000/- 0.02% min.93/- max.7416/- 0.17% Min. Rs.843/-. Max. Rs.67416/-
b.Rupee bill at the time of retirement 0.25% Min. Rs.750/- 0.03% min.93/- 0.28% Min. Rs.843/-
c.Import bill received under LC on which no exchange benefit accrues to opening bank. Incl. payment out of PCFC / FCBPNote:- EEFC benefit to be given if remitted out of previous day balance only 0.125%. in addition to normal commission. (commission in lieu of exchange should not be charged if debited to EEFC account. Max. Rs.30000/-. 0.015% max.3708/- 0.14%. Max. Rs.33708/-
d.Charges for discrepant documents received under LC. USD 75 incl. service tax USD 75 incl. service tax
e.Dishonored bills USD 50 incl. service tax USD 50 incl. service tax
Bills not retired within 10 days from date of receipt in case of demand bills and on due date in case of usance bills. 0.10% Min. Rs.1000/- 0.02% min.124/- 0.12% Min. Rs.1124/-
Deffered imports under LC 0.50% per quarter or part thereof. Where LC exceeds Rs.4.00 crores normal rate upto Rs.4 crores. More than Rs..4 crores 25% of the normal rate 0.06% 0.56%.
5.Commission on import bills (other than bills under LC)
a.On each bill in foreign currency on which exchange margin is earned.1. upto Rs.10.00 lacs slabwise2. Rs.10.00 lacs to Rs.20.00 lacs.3. Above Rs.20.00 lacs 1. Rs.1500/-2. Rs.3000/-3. 0.20% Max. Rs.40000/- 1. 185/-2. 371/-3. 4944/- 1. Rs.1685/-2. Rs.3371/-3. Rs.44944/-
b.On rupee import bills and on each bill drawn in foreign currency on which no exchange is earned. 0.35% with Min. Rs.750/- Max. Rs. 50000/- (commission in lieu of exchange should not be charged if debited to EEFC account. Max. Rs.30000/-. 0.04% min.93/- max.6180/- 0.39%. Min. Rs..843/- Max. Rs.56180/-
c.Import documents received directly by importers for which foreign currency remittance made by us or advance made by us. @50% of the usual rate applicable for handling import bills for collection indicated in 5(a) above.1. Rs.750/-2. Rs.1500/-3. 0.10% Max. Rs.20000/- 1. 93/-2. 185/-3. 0.012% max.2472/- 1. Rs.843/-2. Rs.1685/-3. 0.112% Max. Rs.22472/-
Import bill required to be forwarded to another bank which remit proceeds to overseas bank. Rs.500/- 62/- Rs.562/-
d.Co-acceptance / availsation of import bills 1.20% p.a. Min. for one quarter or Min. Rs.2000/- whichever is more (part month to be taken a full month) 0.15% min.247/- 1.35% min. Rs.2247/-
Note :- where the bill amount exceeds Rs.4.00 crores
1.On the first Rs.4.00 crores Normal rate as above
2.Above Rs.4.00 crores to Rs.8.00 crores 50% of normal rate on the amount in excess of Rs.4.00 crores
3.Above Rs.8.00 crores 25% of normal rate on the amount in excess of Rs.8.00 crores
e.Import documents covering project imports 0.255 on each drawing irrespective of the amount 0.03% 0.28%.
III.MERCHANTING TRADE
If foreign currency remittances are received in advance form the overseas buyer and the foreign currency funds are held in NOSTRO accounts at the specific request of the merchanting trade customers & subsequently remitted for imports. 0.10%. Min. Rs.200/-. Bank shall not pay any interest on such advance remittance nor grant rupee advance against foreign currency funds. 0.02% min.25/- 0.12%. Min. Rs.225/-.
IV.INWARD REMITTANCES
1 i)Inward remittance in respect of which cover has been received in Nostro accounts. Upto USD 500: Rs.100/-Above USD 500: Rs.200/- 13/-25/- Rs..113/-Rs.225/-
ii)Purchase of TTs / Purchase of MTs/DDs where cover has not been received in Nostro accounts. TT buying rate plus exchange margin of 0.125%. Interest shall be recovered separately from the customer at domestic commercial rate for a transit period of 15 days.
iii)Purchase of customers personal cheques, demand drafts, international money orders, bankers pay order payable abroad. TT buying rate plus exchange margin of 0.125%. Interest shall be recovered separately from the customer at domestic commercial rate for a transit period of 15 days. Overdue interests to be collected if the instrument is returned unpaid from the 16th day.
iv).Encashment of Fc (others) Rupee value at the card rate quoted by Treasury to be given. No commission
v).Encashment of FC (exporters) Rupee value recived form the FFMC to be given. 0.25% towards exchange margin
2.Clean payments
Inward remittance based on MT103 For individual payment upto USD 500 : Rs.50/-For individual payment above USD 500 : Rs.100/-All other cases : Rs.250/- 6/-13/-31/- Rs.56/-Rs.113/-Rs.281/-
Where the inward remittance has to be executed in foreign currency by issuing demand draft / payment / order / telegraphic transfer Rs.150/- + 0.14% towards commission in lieu of exchange + out of pocket expenses 19+0.02% 169/- + 0.16%
3.Clean instruments for collection
On all clean instruments sent abroad. upto USD 500 : Rs.100/-All other cases : 0.10%Min. Rs.250/- Max. Rs.5000/- 13/-0.02%min.31/-max.618/- Rs.113/-0.12%Min. Rs.281/-Max. Rs. 5618/-
a.)Return of clean instruments for collection upto USD 500 : no chargeMore than USD 500 Rs.200/- 25/- Rs.225/-
4.Certificates
Issuance of certificates on letter heads / bank realization certificates Rs.150/- 20/- Rs.170/-
V.OUTWARD REMITTANCES
i).On all foreign currency outward remittances are not being proceeds of import billsii)Advance payment for import 0.125% with Min. Rs.300/- Max. Rs.10000/-Upto Rs.10 lacs – Rs.1000/-Rs.20 lacs – Rs.2000/-Above Rs.20 lacs – 0.10% Max. Rs.20000/- 0.015% min.37/- max.1236/-124/-247/-0.02% max.2472/- 0.14% Min. Rs.337/- Max.Rs.11236/-Rs.1124/-Rs.2247/-0.12% Max. Rs.22472/-
ii)Remittances in connection with portfolio investments, dividend, travel agent remittance of recurring nature.
a)Upto Rs.2.00 lacs or equivalent Rs.250/- per remittance 31/- Rs.281/-
b)over Rs.2.00 lacs or equivalent @0.125% with Min. Rs.250/- Max. Rs.1000/- 0.015% min.31/- max.124/- 0.14% Min. Rs.281/- Max. Rs.1124/-
iii)Issuance DDs towards gift, donations and student applications, subscriptions etc.
a)Upto USD 500 Rs.100/- flat + swift charges if any 13/- Min. Rs.113/- + swift charges if any
b)Above USD 500 Rs.200/- flat + swift charges if any 25/- Rs.225/- + swift charges if any
iv).Any other case where bank does not earn any exchange margin. 0.125% Min. Rs.100/- 0.015% min.13/- 0.14% Min. Rs.113/-
VI. SALE OF FOREIGN CURRENCY TRAVELLERS CHEQUES
1.Commission on rupee equivalent payable by customers. 0.50% Min. Rs.250/- 0.06% min.31/- 0.56% Min. Rs.281/-
2.Commission on foreign currency traveler cheques issued against foreign currency remittances received in Nostro accounts at the request of the beneficiary 0.25% Min. Rs.250/- 0.03% min.31/- 0.28% Min. Rs.281/-
Commission in lieu of exchange. No commission in lieu of exchange to be charged for any outward remittances or inward remittances as mentioned in para iv, v & vi above from / to EEFC accounts remitted out of previous day balance or retained for the day.

 

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VII. GUARANTEES
i)Guarantees issued in favour of local parties against counter guarantee of our correspondent banks (subject to prior approval of IBD)
–       For guarantees of value upto USD 5.00 lacs or equivalent 1.8% p.a. Min. USD 200 (part month to be taken as full month) 0.22% min $25 2.02% Min. USD 225
–       For guarantees of value exceeding USD 5.00 lacs or equivalent on the excess amount upto USD 2 MN. 0.60% p.a. Min. USD 9000 (part month to be taken as full month) 0.07% min $1113 0.67% Min. USD 10113
–       Guarantees exceeding USD 2 MN. 0.40% p.a. Min. USD 18000 (part month to be taken as full month) 0.05% min $2225 0.45% Min. USD 20225
ii)Guarantees in favour of shipping companies / Agencies for clearance of goods pending production of bill of lading (Missing BL guarantee) There will not be any expiry period for missing BL guarantees. Hence branches should diarise & follow up with the parties after the expiry of 1 month of date of issuance of guarantee for submission of original BL & return of the guarantee.
a.Relating to imports under LCs opened by our bank Rs..1000/- per quarter 124/- Rs..1124/-
b.Others not covered by (a) above 0.25% per quarter of the underlying bill / invoice amount 0.03% 0.28% per quarter
iii)1.Guarantees for project exports which include Bid Bonds, Bonds for earnest money, Export perf., Advance payment
2.Guarantees for advance payment made by foreign buyers to Indian exporters / contractors
a)In case of guarantees covered by ECGC counter guarantees Cover upto 75% : 0.45% p.a. + ECGC premiumCover upto 90% : 0.35% p.a. + ECGC premium 0.06%0.04% 0.51% p.a.0.39% p.a.
b)In case of guarantees covered by Govt. of India counter guarantee 0.40% p.a. Min. Rs..1000/- 0.05% min.124/- 0.45% p.a. Min. Rs..1124/-
c.100% cash / deposit margin 0.25% p.a. Min. Rs..1000/- 0.03% min.124/- 0.28% p.a. Min. Rs..1124/-
d.In case of guarantees which are not covered by cash deposits or ECGC / Govt. of India counter guarantees. Commission @1% p.a. Min. Rs..1000/-(Commission charged by foreign banks through whom guarantees are issued and out of pocket expenses are to be recovered separately) 0.12% min.124/- 1.12% p.a. Min. Rs..1124/-
In case of early redemption of guarantee by return of original guarantee or authenticated confirmation to the effect. 50% of the commission for the unexpired period less 3 months
e.Commission for issuing Bid Bonds for supply to projects carried out abroad (if the bid gets frustrated there will be no refund of that part of the commission already collected.) 50% of the commission applicable in a, b, c & d as the case may be at the time of issuance of the guarantee (Min. Rs..1000/-) and balance to be collected only upon materialization of the contract. 124/- Min. Rs..1124/-
iv).Export performance guarantees issued in favour of customs towards export obligations under EPCG / Advance licence etc, & Export performance guarantees / Bid Bonds connected with exports (other than project exports) & Deemed exports. 1.00% p.a. Min. one quarter or Rs..1000/- whichever is higher (50% of normal commission in case backed by ECGC guarantee with min. of Rs..1000/- 0.12% min.124/- 1.12% Min. Rs..1124/-
Note:- For issuing Bid bonds for supplies connected with deemed exports / direct exports other than project exports. 50% of the commission applicable in para iv above with Min. of Rs..1000/- at the time of issuance of guarantee  and balance to be collected only upon materialization of the contract. 124/- Min. Rs..1124/-
v.Deffered payment guarantees covering import of goods into India. 2% p.a. for the specified period of liability calculated on the amount of liability under such guarantee Min. Rs..2000/- 0.25% min.247/- 2.25% Min. Rs..2247/-
a).Where the entire deferred payment guarantee commission is collected upfront. The rate of commission & rate of exchange (TT Sell) prevailing as on date of issuance of the DPG shall be applied. No further adjustment of commission arising out of future revisions in exchange rate shall be made.
b).Where the deferred payment guarantee commission is recovered on instalment basis. The rate of commission & rate of exchange (TT Sell) prevailing as on date of recovery of each installment shall be applied
c).In the event of early redemption of DPG 50% of commission for unexpired period of guarantee may be refunded subject to original guarantee being returned for cancelling or confirmation of no claims against the guarantee.
d).In the event of default of instalment Interest to be recovered at commercial rate of interest as prescribed from time to time from date of default to date of payment.
e).Where DPG is issued by one AD but instalment remitted through another AD. The latter shall compensate the AD which has issued the guarantee @0.125% commission in lieu of exchange on amount of remittance or to be recovered from customer.
vi.Letter of comfort / guarantee for repayment of foreign currency loans under ECB / short term loans for imports, wherever applicableUpto Rs..4.00 croresAbove Rs..4.00 Crores. 3.00% p.a. Min. Rs..1500/- (Min. for 1 quarter) 0.37% min.185/- 3.37% Min. Rs..1685/-
The charges shall be collected on the specified period of liability of the guarantee. The specified period of the liability shall mean the actual validity period of the guarantee plus claim period.
For all guarantees issued (other than those issued for project exports) under para ii, iv, v & vi above where the amount of guarantee exceeds Rs.4.00 crores (or in equivalent foreign currency) commission chargeable will be
Upto Rs.4.00 crore 100% of the rates specified against such type of guarantee
Above Rs.4.00 crore & upto Rs.8.00 crore 50% of the normal commission for the value in excess of Rs.4 crore.
Above Rs.8.00 crore 25% of the normal commission for the value in excess of Rs.8 crore.
vii.In case of guarantees (other than those issued for project exports) issued under para I, ii, iv, v & vi above
1.Against 100% counter guarantee of the Govt. Of India.2.Against 100% cash / deposit as margin   ¼ th of the normal commission.
Against 75% cash margin  50% of the applicable commission.
VIII. FORWARD CONTRACTS
For booking sale and purchase contracts Rs.500/- per contract 62/- Rs.562/-
For each request for early delivery / cancellation Rs.500/- per contract 62/- Rs.562/-
If cancellation and rebooking is done simultaneously – flat Rs.1000/- to be charged.
IX. MISCELLANEOUS
Honouring reimbursement claim under LCs established by our correspondent banks by debiting their Vostro accounts with us.
a)Upto Rs.2.00 lacs Rs.500/- 62/- Rs.562/-
b)over Rs.2.00 lacs Rs.1000/- 124/- Rs.1124/-
c)Debit to ACU $ account. USD 70 $ 9 USD 79
Apply to RBI for extension of time for realization of export proceeds beyond prescribed period. Rs.500/- 62/- Rs.562/-
For processing any other application to RBI Rs.1000/- 124/- Rs.1124/-
For filing request to other banks Rs.500/- 62/- Rs.562/-
Issuance of delivery order Rs.500/- 62/- Rs.562/-
Issue of certificate / Attest export / import transaction Rs.200/- 25/- Rs.225/-
Commercial information on Indian cos. To overseas banks USD 50 $ 6 USD 56
Follow up of BE (for each half year) Rs.200/- 25/- Rs.225/-
Approval for setting up wholly owned subsidiaries / JV / branch office abroad Rs.5000/- 618/- Rs.5618/-
Processing charges for Buyer credit / letter of comfort Rs.1000/- 124/- Rs.1124/-
Approval for establishing ware house abroad Rs.2000/- 247/- Rs.2247/-
Approval for export bill write off Rs.1000/- 124/- Rs.1124/-
Issuance of GR waiver certificate Rs.1000/- 124/- Rs.1124/-
Bank certification for application of Importer Exporter Code Rs.500/- 62/- Rs.562/-
Foreign bank charges for LC advising where charges are to be recovered from foreign bank USD 25 $ 3 USD 28
Out of pocket expenses like Postage, Courier, swift charges for sending LCs messages will be recovered as per actuals
Foreign exchange transactionsa)for transactions upto Rs.2.00 lacsFor transactions above Rs.2.00 lacs Rs.25/-Rs.100/- 4/-13/- Rs.29/-Rs.113/-

 

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