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General Charges

ANNEXURE 1

SCHEDULE OF SERVICE CHARGES (GENERAL)

 

Charges w.e.f. 01.02.2017

 

# Updated upto 19th August 2017

 

 

Schedule of Service Charges( General)

1.   MAINTENACE OF LEDGER ACCOUNTS

S.No

Service

Minimum Balance

Minimum Balance Charges

Remarks

 

 

 

Non -Indiv.

Individuals

 

1.1

Minimum Balance Requirement and charges for not maintaining Minimum Balance in the account

 

A

Basic Savings Bank Deposit Account

 

 

a) R and U branches

NIL

NIL

NIL

 

 

b) U and M Branches

NIL

NIL

NIL

 

B

All types of Pensioners/Senior Citizen Accounts

 

 

With Cheque Book Facility

Rs. 250/-

NIL

NIL

 

(All Branches)

 

Without Chq Book Facility

Rs. 250/-

NIL

NIL

 

(All Branches)

C

Savings Bank Account- General

 

I

Without Cheque Book Facility

Rs.50/-(R/SU)

Nil

 

Rs.100/- (U/M)

ii

With Cheque Book Facility

Rs.100/- (R/SU)

Rs.200/- (U/M)

D

Savings Bank Account-Other (SB Unnati)

Min bal charges shall be calculated based on monthly average balance

I

R/Semi U Branches)

Rs.1000/-

Rs.50/- pm

 

ii

U/M branches

Rs.2500/-

Rs. 100/-  pm

 

E

SB Smart Save

Rs.25000/-

Rs.400/-pq*

Min bal charges shall be calculated based on quarterly average balance

F

Current Account General

Min bal charges shall be calculated based on monthly average balance

 

a) R and SU Branches

Rs.2000/-

Rs.200/-pm

 

 

b)U and M Branches

Rs.5000/-

Rs.300/-pm

 

G

Current Account Pragati

Min bal charges shall be calculated based on monthly average balance

 

a) R and SU branches

Rs.5000/-

Rs.350/-pm

 

 

b) U and M Branches

Rs.10000/-

Rs.500/-pm

 

 

 

H

 

Current Account -Premium Gold

Rs.200000/-

Rs.2000/-pq

Min bal charges shall be calculated based on quarterly average balance

* Mode of calculation of Minimum Balance

Charges as above be levied for non-maintenance of minimum balance at the end of the month in case the balance at the close of any one or more business day(s) during the month is observed below the minimum balance requirement.
In premium Schemes i.e SB smart Save, Current Premium Gold Minimum balance charges are recovered quarterly in case quarterly average balance falls below the minimum average balance requirement.
No charges shall be levied on zero balance account as the same will be parked in lien amount.

*Per Quarter (pq)

Concession

 

Concessions are available for the beneficiaries of social justice schemes of Central/ State Government including members of scheduled caste / tribe communities and physically challenged persons and these are allowed to open Savings Bank Accounts without any minimum balance requirement.

List of beneficiaries/ schemes of Central/ State Governments is given hereunder:

A)    Beneficiaries under:

 i)    Swaranjayanti Gramin Rojgar Yojna (SJGRY)

ii)   Swaranjayanti Shahri Rojgar Yojna (SJSRY)

iii)   PM Employment Generation Programme (PMEGP)

iv)   Antodaya Swa-Rojgar Yojna (ASRY)

v)   Dr. Shyama Prashad Mukharjee Swa-Rojgar Yojna

vi)   SC / ST Finance and Development Corporation of State Governments

B) Pensioners of Social Welfare / Physically handicapped welfare departments of State Governments.

C)   Teachers and employees of aided schools of State Governments.

D)   Physically handicapped / blind persons.

E)   Student scholarship accounts of State Governments including SC / ST beneficiaries.

F)   Persons / farmers engaged in Tiny and Small units associated with KVIC.

G)     Beneficiary of National Family Assistance Scheme.

2.     In order to open a Savings Bank Account under special category as stated above, the prospective account holder is required to produce any documentary evidence such as Pass Book / beneficiary Card issued under the scheme, certificate from BDO/ Gram Panchayat/ Administrator/ Chief Executive Officer of the Social Welfare Schemes/ Employment Schemes/ School authorities distributing stipends/ scholarship etc.  A copy of such authentic and documentary evidence should be kept on record along with the Account Opening Form for inspection purposes.

Conditions

Customers under this Scheme shall be eligible for one Free of Cost Personalized Cheque Book of 25 Leaves during a Calendar Year.

  • Savings Bank account holders of the above-mentioned category shall not be subjected to any penalty for non-maintenance of minimum balance in their Savings Bank account.

3.     Besides incumbents/in-charge shall have the powers to open accounts with zero balance as well, i.e. Accounts can be opened with initial zero deposit. This facility is being provided as a business supportive/ marketing tool for marketing Savings Bank Accounts of the individuals especially salary accounts. Once accounts are opened with zero balance concept and operations start, further operations shall be in line with the terms and conditions of the respective category that the particular account falls in.

S.No

Item

1.2

Duplicate Passbook

A

With latest Balance only

Rs.150/-

B

With previous Entries

Rs.150/- plus Rs.1/- per entry

C

Account Statement for SB

Minimum Rs.100/- per request plus Rs.2/- per entry

In case customer requests for statement through MBanking  / IBanking/through e-mail & In case of Flexi deposit accounts (Saving & Current)  charges shall be NIL

 

1.3

Free Ledger Folios*  allowed per year

A

 Average  Credit Balance

 (in Current account)

NIL

Up to Rs.25,000/-

B

Above Rs. 25,000/- up to

2

Rs.50,000/-

C

Above Rs. 50,000/- up to  Rs.1,00,000/-

4

D

Above Rs.1,00,000/- up to Rs.2,00,000/-

7

E

Above Rs. 2,00,000/-

No Charges

Note: For accounts maintained in computer, 40 entries or part thereof is treated as one ledger folio.

1.4

Incidental Charges (Ledger Folio Charges)-Operative Accounts

A

CA/Cash Credit/Overdraft (no free folios in OD/CC Accounts)

Rs. 2/- per entry (Subject to free folios in Current Accounts)

B

SB(Other than Basic SB Deposit Account)

Rs.2/- per entry in excess of 40 debits permitted in half year in SB account (for non cash transaction excluding bank induced/ATM/i-Bank)

C

Basic Savings Bank Deposit Account

Rs.5/- per debits in excess of 6 debits permitted in a month. Restriction of six free withdrawal/transactions taking place through our Micro ATM is removed and hence withdrawal transaction above six will not be charged w.e.f. 01.03.2016.


1.5

Issue of Multicity /MICR / Non-MICR cheque books*

 

 

Non Individuals

Individuals

A

 

 

 

CTS -2010 Standard Cheques

Non-Personalised - Rs.5/- per leaf

Non-Personalised - Rs.5/- per leaf


(a) Personalised request through i-Bank Rs.3/- per leaf (b) Personalised request through branch- Rs.4/- per leaf

Personalised request through IBank- Rs.3/- per leaf Personalised request through branch- Rs.4/- per leaf

B

Non-MICR Cheque Books

Discontinued

C

Concessions in Cheque Book Charges

I

CA Premium Gold

Free cheque book (Personalized)

Two Non-Personalized cheque books free thereafter as per above charges.

II

SB Smart Save

100 Cheque Leaves Free Per year thereafter as per above charges.


III

Normal SB

25 Cheque Leaves Free Per year thereafter as per above charges.

IV

Basic Savings Bank Deposit Account

10 cheque leaves free per year

V

SB Unnati

50 Cheque Leaves Free Per year thereafter as per above charges.

1.6

Standing Instructions

A

For transfer entries (Transaction involving credit to other accounts within the same branch)

NIL

B

For transactions involving transfer of funds to other centers

Applicable ABB Charges

C

Registration of Standing Instructions (Involving transfer of funds to other institutions)

Rs.50/- per instruction

D

Execution of Standing Instruction & remittance to other institutions viz. LIC premium etc.

Rs.25/- per transaction plus remittance charges plus actual postage

 

E

Non Execution of SI(due to insufficiency of Funds) 

Rs.25/- per transaction

 

Applicable to all types of transactions

(1) Charges to be levied to the account from which the amount is transferred.  (2) No charges be levied if transfer from a depositor's account to other deposit account (scheme) of the same depositor / Joint account holder. (3) No Standing Instructions Charges be levied on borrowal Accounts for Loan Installments under Term Loan/ Retail Credits/ Housing Loan installments from its Account. Concessions to such borrowers shall extend to those who enjoy/ are enjoying credit facilities at the same Branch or other Branch of our Bank where his/ her Account is maintained.

1.7

Stop Payment Instructions

A

SB Accounts

Rs.100/- + ST per instrument up to 3 leaves

Range of Cheque Rs.500/- + ST.

B

Current Accounts/CC/OD Accounts

Rs. 200/- + ST per instrument up to 3 leaves

Range of Cheque Rs.600/- + ST

No charges shall be levied if stop payment instruction is made through registered Internet Banking.

1.8

Cancellation/Revocation of Stop Payment instructions

A

SB Accounts

Rs.10/- per instrument, Maximum Rs.100 per instruction

No charges from pensioners and Sr citizens

B

Current Accounts/CC/OD Accounts

Rs.20/- per instrument

 Maximum Rs.200/- per instruction

1.9

Penalty Charges for Depositing Delayed Installment Progressive Deposit Account

Rs.2/- per 100/- pm irrespective of periodicity of deposits

1.10

 Charges for Account Statement  for lesser frequency - (For Current/CC/OD accounts)



Non-Individual

Individual

A

Monthly Statement  (Duplicate) *

Once Free

Once Free

For duplicate statement: Rs.3/- per entry minimum Rs.200/- per request

For duplicate statements Rs.3/- per entry Minimum Rs.200/- per request

B

Statement of Account With Shorter Frequency (For CA/CC/OD Accounts only)

Sending statement through post discontinued, customer to register e-mail login and utilise iBank facility for downloading statement.

In case customer requests for statement through MBanking/ IBanking/through e-mail & In case of Flexi deposit  accounts (Saving & Current)  charges shall be NIL

*Currently, the charges for issuance of duplicate passbook/statement (CA & SB) are recovered via Finacle live manually and most of the time branches do not vouch these charges. We propose that the functionality for recovery of charges on account of issuance of duplicate passbook/statement be enabled so that same can be recovered automatically and revenue leakage can be avoided.

 

 

Non Individuals

Individuals

1.11

Charges for Recording Reconstitution

 Rs.200/-

NA

(No charges in case of Death of account holder)

1.12

Allowing operations through Power of Attorney

Rs.500/-

 Rs.300/-  all customers

1.13

Change of Authorized Signatory/operational instructions in the account

Rs.200/- per occasion

Rs.100/- per occasion

(No charges in case of death of existing signatory)

(No charges in case of death of existing signatory)

1.14

Copy/image of Original of Cheque/Draft (Paid/) by the bank

Rs.100/-  for attested copy per instrument

1.15

Image of Cheques sent for collection (In CTS)

Rs.100/- per instrument

1.16

Transfer of Account in any other branch of the Bank

Out of pocket expenses maximum Rs.50/-(for all segments)

1.17

Transfer of entire balance in SB account to some other bank

Remittance Charges+ out of pocket expenses

1.18

Postal Charges (ordinary Post)

A

Postal Charges (ordinary Post)

Only through speed post as such charges

Rs.30/- or actual whichever is higher

B

Registered Post/speed Post/Courier Charges

Only through speed post as such charges

Rs.30/- or actual whichever is higher

1.19

Charges for opening Escrow Accounts

Charges be prescribed by CMO/ Credit Deptt. on case to case basis after studying the terms of opening and permitting operations in such accounts. Minimum Charges : Rs.5000/-

1.20 Old Record Inquiries*

A

Upto one Year Old

Rs.100/- per reference Plus out of pocket Expenses

B

Beyond 1 year

Rs.200/- per reference/ request/ document/ per sheet+ out of pocket expenses

1.21

 Inoperative Dormant Account

NIL


(incidental Charges)

 

No penal charges for non-maintenance of minimum balance in respect of Inoperative/Dormant accounts as per RBI guidelines.

1.22

Closure of Account

A

Account Closed within 14 days of opening the account

No Change

B

Accounts closed after 14 days but within 12 months of opening

i

Savings Bank account

M/U- Rs.200/-

SU/R- Rs.100/-

ii

Current Accounts

M/U- Rs.500/-

SU/R- Rs.250/-

iii

Accounts closed after 12 months

NIL


Note:

 

No account Closure charges on account of Death of the customer.

 

§  Transfer of account from one branch to another branch of the Bank shall not be considered as closure of account, hence no charges will be recovered. Similarly opening of another account in the joint names after closing the existing one and payment in the deceased depositor account shall not be considered as closure of account.

1.23

Issuance of certificate to the constituents

 

 

Non Individuals   

Individuals

I

R and Semi U Branches

Rs.75/- per certificate

Rs.50/- per certificate

ii

U and M Branches

Rs.100/- per certificate

Rs.75/- per certificate

 

Certificate Includes: Attestation of customer's signature/ Photograph**  No Objection Certificate: Duplicate TDS Certificate: No Dues Certificate: Certificate of Balance (Only two certificates are free in a year) : Cheque Honoured Certificate: Account Maintaining Certificate: Any other certificate relating to deposit account except Solvency certificate charges for which are prescribed by RMD): Cheque honoured certificate.

Exemption:

No service charges shall be levied for (1) issue of No Dues Certificate on adjustment of loan accounts (2) issue of No Objection Certificate to the applicants under various Government sponsored  schemes (3) certificate of Interest paid on Deposits or TDS Certificate for the first time. 

1.24

Loss of Token

Rs. 50/- per token

2.     REMITTANCES

S.No

Item

2.1

Issuance of Demand Draft (Non-cash basis)

A

Up to Rs. 5000/-

Rs.50/- upto Rs.10000/-


For students

(for  amount above Rs.5000/- normal charges shall be applicable for students also)

B

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

C

Above Rs.10,000/-

Rs.5/- per Rs.1000/- or part thereof- Minimum Rs.50/- maximum Rs.12000/-

 

D

Remittance against tender of cash ( below Rs.50,000/-)

50% over & above the rates prescribed (all branches)

Note:

No charges shall be levied for issuance of Drafts favoring beneficiaries on account of disbursement of Term Loans/ Retail Loans/ Housing Loans.

Charges for remittance against cash shall be recovered from students remitting money for fee.

2.2

Issuance of Duplicate Draft/ Revalidation of Draft/ and Cancellation of Drafts

A

Issuance of Duplicate Draft

50% higher charges over floor rate.

B

Cancellation of Draft

50% of normal applicable charges or maximum Rs.150/- (for all segments of customers)

C

Revalidation of Demand Drafts

50% of normal applicable charges or maximum Rs.150/- (for all segments of customers)

2.3

ECS Clearing Credit/Debit

 

Each Transaction

NIL

2.4

RTGS Charges

A

RTGS Charges for Banker Transactions

I

Inward Remittance

NIL

 

 

ii

 

Outward Remittance

 

 

Up to Rs.2lacs -Free

 


Above Rs. 2 lacs to 5  lacs-- not

exceeding Rs. 25 per transaction

 


Above Rs. 5 Lac - not exceeding Rs. 50 per transaction.

B

II- RTGS Charges for Customer Transactions

I

Inward Remittance

NIL

 

 

ii

 

 

Outward Remittance

Upto Rs.2 lac-NA

Above Rs. 2 lac to 5 lacs-- not exceeding Rs. 25 per transaction

Above Rs. 5 Lac - not exceeding Rs. 50 per transaction.

2.5

NEFT Charges

I

NEFT Inward

NIL

ii

 

 

NEFT outward

 

 

 

Transaction Slab

Charges

Upto Rs.2000/-

Free

Above Rs.2001/-  to

Rs.10/-

 Rs.1 Lac

Above Rs.1Lac to

Rs.15/-

 Rs.2 Lac

Above Rs.2Lac

Rs.25/-

No charges if RTGS/ NEFT transactions initiated via i-Bank.

2.6

Indo-Nepal Remittance through NEFT

i. Originating bank - Maximum Rs.5/- per transaction

ii. State Bank of India - Rs. 20/- per transaction. SBI would share this Rs.20/- with NSBL       at Rs.10/- each. NSBL would not charge any additional amount for crediting the beneficiary, if he maintains an account with it.

iii. In case the beneficiary does not maintain an account with NSBL then, an additional amount would be charged- Rs.50/- for remittances up to Rs.5,000/- and Rs.75/- for remittance above Rs.5,000/-.

2.7

Electronic Funds Transfer (EFT- Outward)

 

Now that NEFT service has been introduced and charges for the same have been prescribed by RBI, we propose same charges for EFT services.

2.8

National Automated Clearing House (NACH) Mandate Charges

A

One time Mandate Authorization Charges

Per Mandate Rs.100/- + ST

B

Failed Mandate

Failed Mandate Rs.250/- + ST

C

NACH Credit Charges

Nil

(Per transaction)

D

NACH Debit Charges

Nil

(Per transaction)

2.9

 Local Cheques/ ECS returned unpaid

A

Returning Charges through clearing House (For Cheques returned by us)

 

 

Upto Rs. 50000/    =  Rs.150/-

Above Rs.50000/ to Rs.100000/- =  Rs.250/-

Above Rs.1 lac to Rs. Ten lac    = Rs.500/

Above  Rs.Ten lac   = Rs.1000/(max)

( The bank will levy cheque return charges only in cases where the customer is at fault and is responsible for such returns)

B

Local Cheque  Returning Charges through clearing House (For Cheques returned to us)

Rs.25/- per instrument for SB accounts

Rs.50/- per instrument for other type of accounts

 

Note:

Branches are aware that when a cheque drawn on the bank is presented through clearing (inward clearing), the bank's account at the RBI/ SBI / Clearing House Principal Bank is debited. If such cheque is returned for any reason, it goes back to the presenting bank through the clearing house and the Drawee bank's account at the RBI/ SBI/ Clearing House Principal Bank is credited. Such a debit while the cheque gets presented and the consequential credit on account of returning of cheque would have a time lag of a day or more, resulting in outlay of funds. If the cheque is returned "FOR WANT OF FUNDS" or for any other reasons not attributable to our Bank, there is a case for Drawee bank to levy interest for the period the bank has remained out of funds. In such cases, branches are advised to levy charges as prescribed above. The number of days for which the bank has remained out of funds shall depend upon the time taken at different clearing centres and would be determined by the Incumbents at their end.  Returning charges to be collected only on cheques returned for reasons attributable to the drawer of the cheque and not in other cases.

 

 

3

COLLECTION

S.No

Item

 

 

 

SB account customers

Other than SB account Customers

3.1

Collection of Outstation cheques / drafts (Including outstation cheques under National Clearing)

A

Upto and including Rs. 1000/-

Rs. 5/- and actual out of pocket expenses

Rs. 10/- and actual out of pocket expenses

B

Above Rs. 1000/- Rs. 5,000/- and upto and including Rs. 5000/-

Rs. 25/-

Rs. 25/-

C

Above Rs. 5,000/- and upto and including Rs. 10,000/-

Rs. 50/-

Rs. 50/-

D

Above Rs. 10,000/- and upto and including Rs. 1,00,000/-

Rs. 100/-

Rs. 125/-

E

Above Rs. 1,00,000/-

Rs. 150/-

Rs. 200/-

 

A new slab for cheques upto Rs. 1,000/- has been added in view of the security deposit received back by students from schools/ colleges or the small value cheques received by persons belonging to low income group.

The above charges are all inclusive (other than Service Tax and the applicable cess, if any).  No additional charges such as courier charges, out of pocket expenses, etc., should be levied from the customers except in cases where specifically mentioned.The above charges are applicable only to transactions originated and payable within India.

3.2

Immediate credit of Outstation cheques in accounts of Individual account holders

Immediate credit of outstation cheques up to Rs. 15,000/-(R/Semi U) and Rs. 25000/-(U/M) on request -Rs.15/- per instrument plus actual out of pocket expenses

3.3

Collection of Outstation Cheques under Speed Clearing

 

 

SB account customers

Other than SB account Customers

 

Upto and including Rs. 1,00,000/-

The charges have been waived for all types of accounts w.e.f 27th July 2017

 

Above Rs.1,00,000/-

 

Note:

  • Charges shall be levied by the Collecting branch.
  • No speed clearing charges on outstation cheques to be credited in Loan/NPA/PD accounts.
  • No speed clearing charges shall be levied on multi city payable at par instruments.
  • Returning charges for Outstation cheques/ instruments sent/ received in Speed Clearing shall be the same as for Local Cheques sent for collection/ received for payment through Clearing House.

3.4

Collection of local cheques / drafts

A

Collection of local cheques / drafts

No collection charges to be levied.

B

Immediate credit of Local cheques in accounts of Individual account holders is permitted only at centres where no formal clearinghouse exists.

Immediate credit of local cheques up to Rs. 15,000/-(R/ Semi U) and

Rs. 25000/-(U/ M) on request-Rs.15/- per instrument plus actual out of pocket expenses

C

Immediate credit of all instruments payable at par, like interest/ dividend warrants and other Prepaid instruments like demand drafts etc., drawn by a bank on its branches.

Immediate credit upto Rs. 30000/- without any specific request-Rs.15/- per instrument plus actual out of pocket expenses

S.No

Item

3.5

Collection of local/ outstation bills-Outward & Inward {Clean/ Documentary/ Usance & Supply Bills including Bills received under Inland LC (Excluding Drafts, cheques etc.)

A

Up to Rs. 5,000/-

Rs.100/- plus out of pocket expenses

B

Above Rs. 5,000 up to  Rs. 10,000

Rs.100/- plus out of pocket expenses

C

Above Rs. 10,000 up to  Rs. 1,000

Rs.10/- per thousand or part there of minimum Rs.100/-

D

Above Rs. 1,00,000

Rs.9/- per thousand or part thereof. Minimum Rs.1000/-

Maximum: Rs.15000/-

E

Documents/Bills: received for collection : CHANGE OF ORIGINAL INSTRUCTIONS in respect of outward/inward bill for collection including (Waiving C Form, delivery Free of Payment, extending retirement time etc.)

Rs.150/- per instruction

F

Documents received for collection

Normal Collection charges + out of pocket expenses.

if required to be delivered FREE OF PAYMENT to drawee OR

to be returned back as UNREALISED

G

Charges for presenting Usance Bill

Rs.100/- per instrument

3.6

Outstation Cheques/ bills returned unpaid & Penal Interest

A

Outstations Cheques / Bills (Inward and outward collection) (For bills returned unpaid by us)

50% of applicable collection charges subject to minimum of Rs.100/- plus actual out of pocket expenses.

B

(For bills returned unpaid by us)

Rs.25/- (For Savings Bank)

Rs. 50/- (For other types of accounts)

C

Outstations Cheques / Bills (Outward collection & Purchased)


Outstations Cheques / Bills (Outward collection & Purchased)

50% of collection charges subject to minimum Rs. 100 Besides, actual out of pocket expenses incurred be also recovered. Plus

50% of collection charges subject to minimum Rs. 100 Besides, actual out of pocket expenses incurred be also recovered.plus

 

 Interest as given in Cir. No.HO/RMD/06/2012-13/95dt.12.05.2012

 Interest as given in Cir. No.HO/RMD/06/2012-13/95dt.12.05.2012

3.7

Fate Charges

Actual out of pocket expenses

3.8

Collection of Deposit receipts on maturity

A

Collection of Term Deposit issued by any branch of our bank and the proceeds invested in Term Deposit

NA

B

Collection of Term Deposit issued by any branch of our bank and the proceeds not invested in Term Deposit

NA

C

Collection of Term Deposit issued by other bank and the proceeds invested in Term Deposit with our bank Collection of Term Deposit issued by other bank and the proceeds invested in Term Deposit with our bank

No collection/ postage/ out of pocket charges + postage & other out of pocket expenses

D

Collection of Term Deposit issued other bank and the proceeds not invested in Term Deposit

Charges as applicable for Collection of outstation cheques+postage & other out of pocket expenses

E

Remittance of Proceeds of Term Deposits to any branch of the bank

No remittance charges

F

Remittance of Proceeds of Term Deposits to other banks (received on Collection)

Remittance Charges

G

Remittance of Proceeds of Term Deposits to other banks on maturity/premature

On maturity free on cost if remitted through electronic mode else in case of premature closure or remittance through draft applicable charges for Draft/ RTGS/NEFT

 

Notes:

In all cases, postage charges and other out of pocket expenses have to be recovered in full.


The rates as above shall be applicable to all types of bills for collection viz., Demand, Usance, Clean, Documentary bill, Supply bills etc., irrespective of whether drawn on local parties payable at outstation places in India, where we have a branch of the bank.


When the bills / cheques are to be collected through other banks, where we do not have our branch, in such cases, the charges should be shared with other collecting bank on 50:50 basis.


Sharing of commission means, the collecting bank and the realizing bank will share 50% each of the prescribed charges on cheque / bills.


Similar instructions would be applicable to other banks collecting cheques / bills through our branches if they do not have their branch at that centRs. However, postage, out of pocket expenses are to be recovered by each bank in full.


Dividend Warrants, Interest Warrants, refund Orders for amount up to Rs. 1000 are to be collected at par, even they are drawn on other banks and payable at outstation centres. Out of pocket expenses like postage etc, are to be recovered in full.

No collection charges should be levied on local cheques / drafts.

 

4      CASH HANDLING CHARGES

S.No

Item

A

Savings Bank Accounts

5 cash (deposit) transactions p.m. shall be allowed free of charge therof Rs.25/-  transaction (except through ATM) shall be charged. {Excl. basic saving account}

(Applicable on Both base branch & Non Base branch)

Upto  Rs.1 lac - Free (per day) or *1000 note pieces (which ever condition achieved first)

Above  Rs.1 lac or *1000 note pieces:- @ 10 paisa per piece

B

Current/ Cash Credit/ Overdraft and other accounts of Customers

(Applicable on Both base branch & Non Base branch)

Upto  Rs.1 lac - Free (per day) or *1000 note pieces (which ever condition achieved first)

Above  Rs.1 lac or *1000 note pieces:- @ 10 paisa per piece

Charges as above shall be levied for deposit of cash per day per account and are exclusive of Service Tax.

No Cash handling charges on amount deposited in Loan/NPA/suit filed accounts.

*Cash handling charges on the basis of pieces on note above 1000 notes shall be effective from 16th Aug 2017

 

5LOCKERS / SAFE CUSTODY

5.1

Locker Rent (Annual)

S.No

Size of the Locker


 

 

R/Semi-U

Urban/ Metro

A

Small

Rs.800

Rs.1000

(Face area upto 50 sq. inches)

B

Medium (Face Area  51 sq. inches to 100 sq. inches)

Rs.1500

Rs.2500

C

Large (face area 101 - 200 sq. inches)

Rs.2500

Rs.5000

D

Very Large (face area above 201-300 sq. inches)

Rs.5000

Rs.7500

E

Extra Large (face area above 300 sq inches)

Rs.10000

Rs.10000

 For existing locker holder the revised locker rent will be applicable w.e.f  01/04/2017  as locker rent has already been recovered in advance for the period upto 31/03/2017.

  The new lockers will be allotted at revised rate after adoption of revised service charges.

Concession in rent by in case of advance payment of rent

10% in case of advance payment of rent for three years in addition to the security deposit for timely realization of locker rent.

In addition to above, if a customer is a senior citizen and is maintaining quarterly average balance of Rs. 50000 and above can avail a discount of 10% on locker facility.

Concessions to Staff Members: Locker is permitted to be let out to staff/ to honorably retiring/ retired staff members of our bank at 25% of the normal rates. However, only one locker at the Bank level, shall be allotted to the staff members and honorably retiring/ retired staff members' at a concessional rate as above and if the members referred to above require another locker the same shall be let out at the full rates

Penalty For Delayed Payment Of Locker Rent

1st Qtr -

10% of annual rent

2nd Qtr -

25% of annual rent

3rd Qtr -

40% of annual rent

1 Year -

50% of annual rent

For more than 1 year

Locker to be broken

Restriction On Number Of Operations

No. of locker visits per year-15 visits per year free; thereafter Rs. 100/- per visit.

Therefore, while issuing new locker the branches are advised to include the following clause in the locker lease register.

"I /We agree to pay Rs. 100/- per operation beyond 15 operations in a financial year"

Misc

Drill Opening:

Actuals + Rs.500/- towards incidental charges

Duplicate Keys : Actuals + Rs.500/- towards incidental charges

 

SECURITY DEPOSIT FOR TIMELY REALISATION OF LOCKER RENT


In respect of realization of locker rent the RBI guidelines provide as under:-


"The bank should not insist on Fixed Deposits as a prerequisite for allotment of Lockers However, to ensure prompt payment of locker rent, branches may at the time of allotment (of new Lockers only), obtain a Fixed Deposit which would adequately cover 3 years rent, the prevalent charges levied by the manufacturer for breaking open of the locker and cost of replacement of the Lock, in case of an eventuality.

Further the Locker Holders (existing & new ones) should be suitably informed, in advance, about the rules for the Locker Operation particularly with regard to default in Payment of Locker rent, non-operation of locker, guidelines regarding which have already been given in detail vide Circular No. HO/ACT/ 2/2008-09/71 Date: 15.05.2008

 

D. Refund of Locker Rent 

Minimum Period of Locker facility shall be One Year and in case of Surrender of Locker, Refund of the Locker Rent, if any, shall be paid for the Complete Quarters left as on the Date of Surrender of Locker, for which Locker Rent has already been received in advance e.g. in case a Locker hirer has paid Locker Rent in advance say upto 31.03.2012 and Locker is surrendered before the end of the quarter 30.09.2011, the Locker Rent refundable shall be on pro rata basis for 2 Quarters i.e. for the Complete Quarters ending Dec. 11 and March 12.

 

 5.2 Safe custody charges (Authorized Branches Only)

       (Facility to be provided to existing Customers only)

Item

Charges


Folio opening Charges

Rs.150/-

Scrips/ Security Papers

Rs.25/- per scrip per annum. Minimum Rs.100/-

Sealed cover

Rs.200/- per cover per year or part thereof

Sealed boxes:

For boxes up to size 30cmX30cmX30cm = 9000 cc (one cubic feet)

Rs.3000/- per annum

For bigger size

Rs.400/- per cubic feet or part thereof per annum. Minimum Rs.3500/-

Bank's own deposits Receipts

No charges

Duplicate keys of branch/other banks shall be exempted from charges

6.  Anywhere Banking Branch (ABB) Charges

RBI vide letter no DBOD.No.Dir.BC.26/13/13.03/2013-14 dated July 1, 2013 has advised banks not to discriminate  against their own customers on the basis of one branch being designated as the "home branch" where charges are not levied for products/services and other branches being referred to as the 'non-home' branches where charges are levied for same products/services. In order to ensure that the bank's customers are treated fairly and reasonably without any discrimination banks should follow a uniform, fair and transparent pricing policy. If a particular service is provided free at home branch, the same should be available free at non home branches also. There should be no discrimination as regards intersol charges between similar transactions done by customers at home branch and those done at non-home branches.

 

 

6.1 Cash Deposit/Withdrawal of Funds/ Transfer of Funds

 

 

Amount

Charges

A

Cash Withdrawal at Non Base Branch-



Max. Permissible Amt.- Rs. 1. 00 lac per day

 

 



Savings Bank account

Maximum Rs.1 Lac per day

Free


Current/CC/OD

Maximum Rs.1 Lac per day

Free

B

Third Party Withdrawals at Non Base Branch  Subject to certain conditions

Maximum Rs.25000/- in Current and Savings Bank Account only.

Free

C

Cash Deposit at  non Base Branch

No limit

No Charges

D

Transfer of Funds (Non-cash txns. only)


I

Branches located within same clearing Zone

Free

ii

Branches located outside the clearing Zone (Savings/Current/CC/OD accounts only)

Free

D

Transfer of funds at third branch

 No Charges

 However, transfer of funds between accounts, remittance (i.e issue of draft) at third branch is restricted up to Rs.1 Lac only.

The cheques above Rs.1 lac deposited at the third branch shall be collected in clearing.

E

Cheques Deposited  for collection at non base branch

No charges on Cheques drawn on Branches located within local clearing area

Applicable Outstation Cheque Collection/ Speed Clearing charges  on Cheques drawn on Branches Outside local clearing area.

 

 

7. ATM charges

 

 

VISA

VISA Gold

RUPAY

RUPAY Platinum

1

ATM /Debit Card issue charges

No Change

Rs.100/- Registration fee,

Free

Rs.150/- one time

2

Annual Fees for primary Card

SAME

Registration fee(Same) , Annual Fee -Rs.150

Same

Annual fee-Rs.500 instead of Rs.750

3

Add on Card

Same (As Applicable)

Issuance Charges Rs.100/-,AMC charges Rs.150/-

Issuance -Free, AMC Same

Issuance -Rs.150/-, AMC -Rs.500

4

Debit Card Replacement Charges

Rs.200/-

5

Duplicate PIN/Regeneration of PIN through Branch

Rs.50/- (for request through branch).

Nil (if done through Green Pin at ATMs)

6

 International Transactional Charges

6.1

Balance Enquiry  at ATMs

Rs.25/- plus ST

6.2

ATM cash withdrawal transactions

All Countries (Rs.50/- min + 3% of Txn. amt.) + ST

6.3

Point of Sale(PoS) /e-Com Txns

3% of transaction amount plus ST

7

Enhanced withdrawal Limit

Rs.500 (For a period upto 6 months) & multiples thereof.

8

ATM card/KIT returned by courier due to wrong address

Rs.50

9

Charges for issuance of ADD on card

Rs.50

(In addition to charges mentioned in Point 1 & 2)

10

Transaction declined due to insufficient Balance

Rs.10

11

For use of Bank's own ATMs located in Metro and Non-Metro Areas:-

Free for all type of Transactions for all locations.

  • Cash Withdrawal
  • Balance Inquiry
  • PIN Change
  • Mini Statement

12

For use of other Bank's ATMs located in Metro and Non-Metro Areas

Metro Areas

Non Metro Areas

free up to Maximum 3 Transactions/ Month

free up to Maximum 5 Transactions/ Month

  • Cash Withdrawal

Rs. 20/- Per Transaction

20/- Per Transaction

  • Balance Inquiry

 Rs. 9/- Per Transaction

 Rs. 9/- Per Transaction

  • PIN Change

 Rs. 9/- Per Transaction

 Rs. 9/- Per Transaction

  • Mini Statement

 Rs. 9/- Per Transaction

 Rs. 9/- Per Transaction

8.

SMS Alerts/Internet Banking

A

SMS Alert/Missed Call Banking Facilities

Rs.15/- in all operative accounts excluding Basic Saving Deposit on quarterly basis *

* The revised charges shall be applicable on quarterly basis in all those accounts which have completed duration of minimum one quarter from the date of its activation. The charges for quarter two shall be levied w.e.f 30th Sept 2017

B

Internet Banking

Free

9. AEPS/ Micro ATM/ IMPS

A.    Aadhaar Enabled Payment System (AEPS)

Transaction Type

Transaction description

Charges

AEPS ON-US/ Authentication

ON-US/ Authentication

Nil

 

Balance Enquiry

Rs.5/- per successful transaction

AEPS OFF-US

Cash Deposit

1% of fund flow, subject to minimum Rs.6/- with a maximum cap of Rs.20/- per successful transaction

Cash Withdrawal

1% of fund flow, subject to minimum Rs.6/- with a maximum cap of Rs.20/- per successful transaction

 

Fund Transfer

1% of fund flow, subject to minimum Rs.6/- with a maximum cap of Rs.20/- per successful transaction

eKYC

eKYC

Nil

Demographic Authentication

Demographic Authentication

Nil

*No charges upto Rs. 1000/- for AEPS transaction

B.    Cash withdrawal transactions on Micro ATM using Card + PIN


Cash Withdrawal Amount

Per Transaction Charges

(Excluding Service & other applicable Taxes)

On- Us

Any

 

Off- Us

Upto Rs.2,000/-

Rs.2/-

(Inter Bank)

Rs.2,000/- to Rs.5,000/-

Rs.5/-

 

Rs.5,000/- to Rs.10,000/-

Rs.15/-

C.    Introduction of Charges on IMPS Fund Transfer




IMPS Funds Transfer

Charges

Inward

Nil

Outward

Transaction Upto Rs.1000/-   Free

Transaction above Rs.1000/- Rs.5 + S.T.

In case customer use net banking/mobile/ATM then no charges applicable


 

10. Demat Charges   

 

A) Individual & others

B) Pool A/c

C) Body Corporate

D)CM Benificiary / Sub broker  Beneficiary A/c

Statutory charges at the time of account opening

Nil

Nil

Nil

Nil

Advance/Deposit

Clients not maintaining SB/CA A/c Rs.5,000/-

Clients not maintaining SB/CA A/c Rs.5,000/-

Clients not maintaining SB/CA A/c Rs 5,000/-

Clients not maintaining SB/CA A/c Rs.5,000/-

Account Maintenance

Clients maintaining SB/CA - Rs.300,                          Clients not maintaining SB/CA A/c Rs.750/,    Password based Speede Rs. 500/-anually

Clients maintaining SB/CA A/c  NSDL-Rs.300/-
CDSL-Rs.750/-                       Clients not maintaining SB/CA A/c
NSDL-Rs.750/-
CDSL-Rs.1250/-

Clients maintaining SB/CA A/c  Rs.800/-                       Clients not maintaining SB/CA A/c
NSDL-Rs.1500/-
CDSL-Rs.1250/-

Clients maintaining SB/CA A/c  NSDL-Rs.300/-
CDSL-Rs.300/-                       Clients not maintaining SB/CA A/c
NSDL-Rs.500/-
CDSL-Rs.1250/-

Demat

Rs. 35/- Plus Rs.2/- per certificate

-

Rs. 35/- Plus Rs.2/- per certificate

Rs. 35/- Plus Rs.2/- per certificate

Remat

Rs. 25/-per certificate or Rs.25 for every 100 securities or part thereof, whichever is higher

-

Rs. 25/-per certificate or Rs.25 for every 100 securities or part thereof, whichever is higher

Rs. 25/-per certificate or Rs.25 for every 100 securities or part thereof, whichever is higher

Transaction        (Debit)

0.02% of value  Minimum Rs. 23/- Max Rs.5,000/-,  Online trading/Speede Rs15/-per txn where AMC is Annual (Debt market - 0.01% Minimum Rs. 23/-  Maximum Rs.200/-)

0.01% of Value ; Minimum of Rs.10/-

0.02% of value  Minimum Rs. 23/- Max Rs.5,000/-,  Online trading/Speede Rs15/-per txn where AMC is Annual(Debt market - 0.01% Minimum Rs. 23/-  Maximum Rs.200/-)

Rs. 13/- per instruction

Pledge Creation

Rs. 50/-
Lending Acceptance Rs. 50/-

-

Rs. 50/-
Lending Acceptance Rs. 50/-

Rs. 50/-
Lending Acceptance Rs. 50/-

Pledge Creation confirmation

Rs. 25/-
Lending Confirmation Rs. 25/-

-

Rs. 25/-
Lending Confirmation Rs. 25/-

Rs. 25/-
Lending Confirmation Rs. 25/-

Pledge Closure

Rs. 25/-

-

Rs. 25/-

Rs. 25/-

Pledge Closure confirmation

Rs. 25/-

-

Rs. 25/-

Rs. 25/-

Pledge Invocation

Rs. 25/-

-

Rs. 25/-

Rs. 25/-

Failed instruction charges

Rs.10/-

Rs.10/-

Rs.10/-

Rs.10/-

Other Charges

1) Ad-hoc TCH(per account per statement) Rs.50/- 2)KRA Charges'100/- plus Service Tax per PAN for existing as well as new customer will be applicable.
3)AMC for Speed-e                Token based for Individual Rs.1,300/-
4)Late Fee of Rs. 50/-                 

1) Intersettlement & CM Pool to Pool - 0.01% + NSDL charges (per ISIN)                                 2) Pay out / penalty - NSDL/CDSL/SEBI charges on Actual basis         3)Lending / Borrowing per transaction - Rs.50/- Borrower - Rs.25/- Lender 4)AMC for Speed-e                Token based Rs.1000/- per DSC
5)KRA Charges'100/- plus Service Tax per PAN for existing as well as new customer will be applicable.
6) As per CDSL, An Additional'500 /- per month for CM Pool accounts &'250/- per month for CM Principal towards Settlement
will be charged.
7)Late Fee of Rs. 50/-                 

1)Lending / Borrowing per transaction - Rs.50/- Borrower Rs.25/- Lender
2) AMC for Speed-e Token based Corporate Rs.1,500/- Password based Rs. 500/-
3)KRA Charges'100/- plus Service Tax per PAN for existing as well as new customer will be applicable.
4)Late Fee of Rs. 50/-                    

1)Lending / Borrowing per transaction - Rs.50/- Borrower - Rs.25/- Lender 2)AMC for Speed-e                Token based Rs.Rs.1500/- per DSC (including DSC charged of Rs.1000/-)
3)KRA Charges'100/- plus Service Tax per PAN for existing as well as new customer will be applicable.
4) As per CDSL, An Additional'500 /- per month for CM Pool accounts &'250/- per month for CM Principal towards Settlement
will be charged.
5) Sub-brokers/CM-Beneficiary clients will be charged at the flat rate of '300/- per month to the account.
6)Late Fee of Rs. 50/-                 

 

Notes:

1) AMC will be levied on pro-rata for the first year of opening the account.

Annual AMC shall be levied up-front during the month of April.


2) Advance fees of Rs.5000/- to be deposited upfront which will be adjusted against the future dues.

In case the balance falls below Rs. 2000/- it shall be the responsibility of Client to replenish

the upfront amount so as to continue the service.


3) NSDL/ CDSLCharges for Receipt-In/Pay-out and penalty charges levied by SEBI for securities lying in pool

A/c beyond stipulated period or any other charges will be charged on actual basis.


4) All the reference prices will be based on NSE price (NSDLformula) BSE Price (CDSLformula)

and all charges payable monthly.


5) Charges for listed demat services shall be raised at monthly intervals.

Demat services not listed above will be charged separately as per Bank's policy

in the line with NSDL & CDSL Depositories.

 

6) Oriental Bank of Commerce reserves right to revise the rate structure from

time to time by giving 30 days' notice.

 

7) Service Tax as applicable would be levied.


Oriental Bank of Commerce - NSDL DP ID IN300020, IN301071, IN300804 & IN300837 and CDSL DP ID 14900


11. Concessions

11.1 Concession to banks/ agencies / societies

A. District R Development Agencies (DRDA), Farmers Co-operative Societies (Bank's own sponsored),

Primary Agricultural Societies (banking with our Bank) and Regional R Banks

(Whether sponsored by Bank or not)


1.  Collection of Cheques        = At Par

2.  Issue of Draft, MTs, TTs     = At Par

3.  Ledger Foilio Charges = NIL 


B.  U Co-operative banks (maintaining accounts with our Bank)

1. Issue of DD/MT/TT     = 50% of usual charges

2. Transfer of funds from the accounts from one centre to another:

Following charges as per RBI remittance facility scheme be levied:

For remittance up to Rs. 5000= 0.03% Minimum Rs. 0.25

For remittance over Rs. 5000 = 0.02% Minimum Rs. 1.50

The above concession should be allowed after coming to an understanding to share the charges i.e.

concession of 50% of the usual charges might be extended only to those captioned banks,

which maintain their accounts with our Bank. The condition should however be that

the co-operative banks must not pass on the benefit to their customer.

The concessional facilities should be allowed only after obtaining an undertaking from the

co-operative banks that they would charge normal rates as per the service charges prescribed to their customer.


C.  Banks under Agency Arrangements

For any Agency arrangement, the viable proposals should be sent to General Manager (CS&P). The agency agreement

will be where DD Drawing arrangement, Fund/ Remittance/ Collection arrangement etc.

have to be entered into with other Banks/ Financial Institutions and which involve

Banking Services to be provided from branches located in more than one Region.


11.2 Concessions to religious welfare service, charitable institutions, institutions set up

for the benefit of blind, physically handicapped, disabled individuals (Subject to production

of certificate from income Tax department for the exemption from payment of Income Tax.)


1. Collection of instruments                = At Par

2. Issue of Demand Drafts, MT's TT's       = At Par.


11.3 CONCESSIONS TO THE BLINDS, PHYSICALLY HANDICAPPED DISABLED INDIVIDUALS:

(To be allowed only after the Branch Incumbent confirms that the person is blind or handicapped)


1.  Collection of Instruments                     = At Par

2.  Issue of Demand Drafts, MT's TT's             = At Par.

Note:  In case of Cash Payment by such category of persons, normal service charges be levied.


11.4   CONCESSION TO DEFENCE PERSONNEL IN ACTIVE SERVICE / EX-SERVICEMEN, DEFENCE UNITS AND PARA MILITARY FORCES

(Who maintain Bank Account with us):


1.  Incidental charges on current account   =Nil

2.  Standing instructions charges           =Nil

3.  Collection of outstation Cheques        At par

4.  Remittances by DD's/ MT's/ TT's         At par


The next kin of the deceased soldiers will be allowed to collect at par the cheques representing

Ex-gratia from Regiments / units, payment of Terminal Credit Balance, Armed Forces Provident Fund and Family Pension.


11.5. Customized Concessional Package of Banking Services for Indian Navy Employees as per

circular No. HO/MKT/FGB/2/2011-12/59 dt. 29.04.2011. Concessions to Army, air force personnel be

permitted as per guidelines circulated by Marketing Department from time to time.


11.6. CONCESSION TO GOVERNMENT DEPARTMENTS/ MINISTRIES/ DEPARTMENTS OF STATE GOVERNMENTS INCLUDING, RAILWAYS, DEFENCE ETC.


1.  Issue of DD's MT's TT's                            At par

2.  Collection of cheques                               At par

3.  Collection of cheques issued by Govt.        At par


 Authorities representing subsidy under IRDP and other special program


However, cheques drawn at centres where the agency banks do not have their branches

and are required to collect the cheques through some other scheduled bank/ co-operative bank,

collecting bank's commission shall be charged by the Agency bank.


11.7 CONCESSION ON DIRECT PAYMENT TO SUPPLIERS BY D.Ds WHILE DISBURSING LOAN UNDER GOVT. SPNSORED SCHEMES

Issue of Demand Drafts -At Par

 

11.8  CONCESSION FOR PRIME MINISTER'S/ CHIEF MINISTER'S RELIEF FUND


- At Par

Collection Of All Cheques Issued By Govt.                   

Of India / State Govts. in respect of grants

made from these funds.  

 

  - At Par

Remittance of funds in favour of Prime Minister's Relief Fund /Chief Minister's  Relief Fund by

way of Demand Drafts/NEFT/RTGS or through internal transfer

 

11.9  CONCESSIONS TO PENSIONERS OF CENTRAL/ STATE GOVT AND ARMED FORCES:

Collection/ discount of Pension Cheques -- No service charges.

11.10  CONCESSION TO SENIOR CITIZENS

1.      Senior Citizens shall be allowed 2 Remittances aggregating to Rs 10000/- per month free of charges.

2. No minimum balance charges.