Service Charge |
PROCESSING CHARGES
»
Disbursement of Loans
»
Renewal of Existing Limits
»
TOD
»
Over Due Loan Accounts
»
Cheque Book Charges
»
Return of Cheques for want of Funds
»
Stop Payment Charges
»
Half Yearly Charges for Current and OD/CC Accounts
»
Account Closed within a year
»
Standing Instructions
»
OutStation Cheques/Drafts Purchased
»
Issuance of Solvency Certificate
»
Stock Security Inspection Charges
»
Miscellaneous Services
»
Commission
CHARGES TO BE RECOVERED AT THE TIME OF DISBURSEMENT OF LOANS
| Sr.No. | Existing Charges |
|
| 1 | Taxi / Autorickshaw loans Consumption loan against taxi Personal loan against coll. Security of taxi | I.C Rs. 500/- |
| 2 | Advance against Pvt. Vehicles (other than Medi Ease Fin. Scheme) |
I.C @ 1% of loan amt. Min.Rs.2,000/- Max. Rs. 7,500/- |
| 3 | Advance against Pvt. Veh. Under Medi-Erase | I.C @ 1% of loan amt. Min.Rs.1,000/- Max. Rs. 5,000/- |
| 4 | Advance against shares, debentures, units of UTI & other mutual funds |
S.C @ 0.50% of amt. sanc. Max. Rs. 5,000/- |
| 5 | Advances against Government Securities | I.C. & S.C @ 0.50% Max. Rs.5,000/-each |
| 6 | Cash Credit/Overdraft/Bill Discounting Other secured advances (incl.gold loans) Advances against Sensitives Commodities |
I.C. & S.C @ 0.50% Max. Rs.10,000/-each |
| 7 | Other unsecured advances | I.C. & S.C @ 0.50% Max. Rs.500/-each |
| 8 | Housing Loans under Vastu Purti Scheme (except sanc. Under Medi-Ease Scheme) |
No I.C / S.C. Only Legal charges (as applicable) |
| 9 | Advances under Medi-Erase Scheme | No I.C / S.C. Only Legal charges (as applicable) If total loan exceeds Rs. 25.00 lakh, min. charge of Rs. 10.000/- |
| 10 | Surety Loans - BEST / Others Consumer Durable Article Loans Loans against Two Wheelers |
I.C & S.C @ 1% each Max. Rs. 1,000/-each |
PROCESSING CHARGES FOR RENEWAL OF EXISTING LIMITS
| Sr.No | Existing Charges | |
| i | Upto Rs.0.50 lakh | Rs.500/- |
| ii | Over Rs.0.50 lakh but upto Rs. 1.00 lakh | Rs.1,000/- |
| iii IV v |
Over Rs.1.00 lakh but upto Rs. 5.00 lakh
Over Rs.5.00 lakh but upto Rs. 25.00 lakh Over Rs.25.00 lakh |
I.C @ 0.50% of renewed amt. (Subject to a maximum of Rs. 10,000) |
Penal Interest @ 2% will be levied:
a)
Overdue position in case of demand and term loans and in case of LAD Accounts,
if the balance exceeds the sanctioned limit.
b)
Non-renewal of OD/CC limits including Overdraft against Shares
c)
The Sanc. Amt. in case of late/non-submission of stock/book debt statements.
d)
From the date of expiry of limit till the date of sanc. Of the renewal.
e)
The overdue amts. In Case of term loans.
f)
Cash Credit accounts in case the balance exceeds the sanc. Limit.
| Sr.No | Existing Charges | |
| i | Upto Rs. 1,000/- | Rs. 50/- |
| ii | From Rs.1,001/- to Rs. 5,000/- | Rs. 75/- |
| iii | From Rs.5,001/- to Rs.20.000/- | Rs. 200/- |
| iv | Over Rs. 20,000/- | Rs. 400/- |
Note
1)
Service charges will be leviedfor TOD on each occasion of sanction in addition
to normal Int
2)
Penel Interest @ 2% will be levied where TODs are not paid within the stipulated
time.
NOTICE CHARGES TO OVERDUE LOAN ACCOUNTS
| Sr. No | Existing Charges | |
| i | 1st Notice | I.C Rs 25/- |
| ii | 2nd Notice | I.C Rs.100/-+Actual Post.chgs. |
| iii | Legal Notice | I.C Rs.300/-+Actual Post.chgs. |
| iv | Visit Charges | Actual conveyance expenses incurred will be debited to the loan account . |
| v | Recovery Charges | I.C Rs.500/- will be recovered while sending loan file to Rec.Dept. |
| vi | Charges for Legal Procedings | I.C Rs. 500/- will be recovered at the time of filling of case |
| Sr. No | Existing Charges | |
| i | Savings Account | 75 leaves - issued free of cost for every F.Y. and thereafter @Re.1/- per cheque leaf will be charged as I.C |
| ii | Current Account | Re.1/- per cheque leaf will be charged as I.C |
CHARGES FOR RETURN OF CHEQUES FOR WANT
OF FUNDS
Savings/Current/OD/CC Accounts
| Sr. No | Existing Charges | |
| i | Upto Rs.20,000/- | I.C Rs. 150/- per cheque |
| ii | Above Rs.20,000/- | I.C Rs. 200/- per cheque |
Note
Interest at the applicable rate will be recovered from Loan/OD/CC
Accounts where in the cheques deposited by the parties are returned unpaid.
| Sr. N o | Existing Charges | |
| i | Savings Account | I.C Rs. 25/- per instruction |
| ii | Current/OD/CC | I.C Rs. 25/- per instruction |
HALF YEARLY SERVICE CHARGES FOR CURRENT AND OD/CC ACCOUNTS
| Sr. N o | Existing Charges | |
| i | Service Charges for Current and OD/CC A/cs. | Rs.25/- per folio subject to max. Rs.1,000/- will be levied half yrly. |
| Sr. N o | Existing Charges | |
| i | Ordinary Saving Account | I.C Rs. 50/- |
| ii | Cheque Book operated Saving & Current A/cs. | I.C Rs. 100/- |
Note
Additional charges
for consumption of folio charges will be recovered at the rate applicable
for current and OD/CC accounts.
| Sr. N o | Existing Charges | |
| i | Service charges will be levied for instructions relating to transferring funds from one a/c. to another for honouring Inward Clearing cheques. |
Rs.20/- per transaction |
OUTSTATION CHEQUES/DRAFTS PURCHASED
| Sr. N o | Existing Charges | |
| i | Local/outstation cheque/drafts purchased in addition to the applicable interest |
Rs. 50/- |
SERVICE CHARGES FOR ISSUANCE OF SOLVENCY CERTIFICATE
| Sr. N o | Existing Charges | |
| i | Upto Rs. 1.00 lakh | S.C Rs.500/- |
| ii | Above Rs.1.00 lakh | S.C 0.5% of the amt. |
| iii | Max. | Rs.5,000/- |
STOCK/SECURITY INSPECTION CHARGES
| Sr. N o | Existing Charges | |
| i | Conveyance Expenses | On actuals will be recovered by debiting the loan/OD/CC a/cs. |
CHARGES FOR MISCELLANEOUS SERVICES
| Sr. N o | Existing Charges | |
i ii iii |
Issue of Duplicate Pass Book/Statement of A/c
Saving Account (Pass Book) Current/OD/CC Accounts (Statement) |
I.C Rs. 50/- I.C Rs. 75/- plus Rs.6/-per follio |
| 2 | Issuance of Signature verification certificates/ Fate confirmation letters etc. All accounts |
Ser. Charges Rs.15/- per sign./ letter |
| Sr. N o | Existing Charges | |
i |
Bill Discounting | Rs.100/-per occasion per bill |
| 2
i ii iii |
Bills for collection - Commission per bill D.P. & D.A. Inward/Outward bills for collection Upto Rs.10,000/- Above Rs.10,000/- upto Rs.50,000/- Above Rs.50,000/-
|
Rs.25/- Rs.50/- @ 0.25% of the amt. of bill. Max, |
i ii
|
Cheques for collection - (Commision per cheque )
Above Rs.10,000/- upto Rs.50,000/-
|
Rs.10/- Rs.50/-
|
4 i ii iii |
Unrealised outstation cheques/bills Bill above Rs.500/- Cheque above Rs.500/- |
Comm.of Rs.50/- to be recov. Comm.of Rs.100/- to be recov. Comm.of Rs.50/- to be recov. |
| Actual postage/courier charges will be collected in addition to the commision as mentioned against item no 1 to 4 above. | ||
5 i ii iii |
Payorders
Upto Rs.5,000/- Above Rs.500/- upto Rs.15,000/- Above Rs.15,000/- |
Rs.15/- Rs.25/-
|
6 i ii |
Bank Guarantee Fully secured Partly secured |
1% p.a. 3% p.a. |
| Commission for the entire Guarantee period including claim period will be collected while issuing the Guarantee Calculated in multiples of three months with a minimum of six months. | ||
7 i ii |
L/C documents handling charges upto Rs. 2.00 Lakh Above Rs.2.00 Lakh |
Rs.150/- Rs.250/- |
| per bill irrespective of L/C amount | ||
| 8 | Cheques deposited returned unpaid charges | Rs.5/- |
| 9 | Fate confirmation charges of L/Cs in case of urgency | Rs.25/-+actual conveyance charges |
| 10 | Noting of Bank's charges & cancelling DS/DP | Rs.100/- per occasion |