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UCO BANKService Charges
(w.e.f. 01/04/2012)
Service Charges
A BILLS , REMITTANCES, DEPOSITS, LOCKERS & SAFE-CUSTODY
Service Charge (Rs.) (Incl. of all taxes)
Existing rateeffective from 01.09.2007
Effective from 1st May 2011Will effective from 1st April2012
1Collection ofoutstation cheques
Pre Tax Hike Post Tax Hike
Amount of cheque
Upto Rs.5000/- Rs.25/- Per instrument Rs. 26/- Per insturment Rs. 26/- Per insturment
Above Rs.5000/- uptoRs.10000/-
Rs. 55/- Per instrument Rs. 56/- Per instrument
Above Rs.10000 - uptoRs.1 lakh
Per Rs.1000/-or part thereof Rs.4.50/- Min. Rs.45/- Rs.110/- per instrument Rs.112/- per inst rument
Above Rs.1 lakhPer Rs.1000/-or part thereof Rs.4.00/-Min. Rs.450/-
Rs.165/- per instrument Rs.168/- per instrument
(i) The above charges will be all inclusive.No additional charges i.e.couriercharges, out of pocket expenses etc. should be levied from the customer.(ii)In case of outstation cheques purchased and credited to customers accouninterest amount for the period bank remains out of fund shall be realised at therate as per terms of sanction/clean OD rate as applicable. Besides normalcollection charge as per item no.1 shall be rea lised.In case of local cheques purchased, a flat rate of Rs.50/- per instrument shallbe recovered.Branches should use electronic mode like RTGS/NEFT, wherever available , toremit proceeds to the collecting brank/branch
2 Speed Clearing
Collection of high valuecheques i.e aboveRs.1 lac per chequepresented in speedclearing.
Cheques upto and inclusive Rs.1 lac- No chargeCheques valued above Rs.1 lac -Rs.165/- per instrument inclusive of
all charges
Cheques upto and inclusive Rs. 1 lac- No chargeCheques valued above Rs.1 lac -Rs.168/- per instrument inclusive of
all charges
Branches should make use of Speed clearing /National Clearing whereveravailable and levy charges as per the rates mentioned above.
Service(Processing ) charge for local clearing(by clearing house) from memberbanks
System
Drawee Bank Presenting Bank
Clearing at MICR-CPCs
Rs.1.00 Rs.2.00
Cheque Truncation Rs.1.00 Rs.1.50
2 Collect ion of Bills
A. Collection Charge
Upto Rs.10000/- Rs.75/- Per instrument Rs. 100.00 per instrument Rs. 102.00 per instrument
Above Rs.10000/-Rs. 8/-Per Rs.1000/- or part thereofMin. Rs.100/- Max. Rs. 25000/-
Rs. 8/-Per Rs.1000/- or part thereofMin. Rs.102/- Max. Rs. 25467/-
3
Handling Chargesfor Cheques / Billsreturned unpaid(Perinstrument/peroccasion)
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3.1 Local chequesreturned unpaid/outward (includingcash / transfercheques)
Per instrument Rs.75.00
Cheques upto Rs. 1 lac.Indv. Account-Rs.100/- (Rs..75for-R.Br. S. Citizen,Pensioner)Others \A/c-Rs.150/- per cheque.Cheque above Rs1 Lac- upto Rs. 1Cr.Rs. 200/- per instrumentCheque above Rs. 1 cr.Rs.600/- per instru.
Cheques upto Rs. 1 lac.Indv. Account-Rs.102- (Rs..76 for-R.Br. S. Citizen,Pensioner)Others \A/c-Rs.153/- per cheque.Cheque above Rs1 Lac- upto Rs. 1Cr.Rs. 204/- per instrumentCheque above Rs. 1 cr.Rs.611/- per instru.
3.2 Local chequesreturned unpaid/inward clearingcheques
Per instrumentRs. 60/- (150/ above Rs.1 lac) + applicable intt. - asper sanction or in case of casual transaction withapproval of competent authority - BPLR + 3%
Cheques upto Rs. 1 lac.
Indv. Account-Rs.100/- (Rs..75for-R.Br. S. Citizen,Pensioner)Others \ A/c-Rs.150/- per cheque.Cheque above Rs1 Lac- upto Rs. 1Cr.Rs. 200/- per instrumentCheque above Rs. 1 cr.Rs.600/- per instru.Plus Int. at clean OD rate for theperiod the bank remains out of fund
Cheques upto Rs. 1 lac.
Indv. Account-Rs.102/- (Rs..76 for-R.Br. S. C itizenPensioner)Others A/c-Rs.153/- per cheque.Cheque above Rs1 Lac- upto Rs. 1Cr.Rs. 204/- per instrumentCheque above Rs. 1 cr.Rs.611/- per instru.Plus Int. at clean OD rate for theperiod the bank remains out of fund
3.2A. Local chequesfor presentationdirectly at the draweebank
Rs.100/(Rs. 80 in R.Br,Seniorcitizen,pensioner) + out of pocketexpenses or 50% of collectionchargewhichever is higher.
Rs.102/(Rs. 81 in R.Br,Seniorcitizen,pensioner) + out of pocketexpenses or 50% of collectionchargewhichever is higher.
Note: In No Frill Accounts, charges for cheques returned unpaid shall be restricted to 25% of normal bank charges.
3.3 Outstationcheques returnedunpaid
Per instrument 50% of collection charge, Min.Rs.100.00
Per instrument50% of collection chargeMinimum Rs.200/-
Per instrument50% of collection chargeMinimum Rs.204. 00
BILLS
3.4 Local Bills returnedunpaid
Per instrument 50% of collection charge,Min. Rs.100.00
50% of collection charge, Min.Rs.200.00 plus returning charges
50% of collection charge, Min.Rs.204.00 plus returning charges
3.5 Outstation Billsreturned unpaid
Per instrument 50% of collection charge,Min. Rs.100.00
50% of collection charge, Min.Rs.200.00 plus returning charges
50% of collection charge, Min.Rs.204.00 plus returning charges
4 Other Charges:
4.1 Charges for
presentation of usancebill for acceptance
Rs.75/- Per bill Rs. 120/- per Bill Rs. 122/- per Bill
4.2 Charges forchange of instruction(for both usance anddemand bill)peroccasion
Usance bill Rs.50.00Demand bill Rs.30.00
Usance Bill Rs.100/-Demand Bill Rs.75/-
Usance Bill Rs.102/-Demand Bill Rs.76/-
4.3 Charges for storingPost Parcel [subject toavailability of space].
Size of each packet /box should not exceed8000 cc
Rs.25.00 per Item per day
Max. Rs.1000.00
Rs.50.00 per Item per dayMax. Rs.1000.00
(to be returned after 25 days fromdue date)
Rs.51.00 per Item per dayMax. Rs.1019.00
(to be returned after 25 days fromdue date)
4.4 Charges for freedeliviery of documents(under collection ofbills) or to be returnedback as unrealised
Full commission as per collection of billsMin. Rs.100.00
Full commission as per collection ofbillsMin. Rs.120/-+ out of pocket expen.
Full commission as per collection ofbillsMin. Rs.122/-+ out of pocket expen
5 Electronic Clearing Service (ECS)
5.1 Electronic Clearing
Discretion to Regional Head subject to min. of Rs. 5/-per transaction. No charges to individual beneficiariesaccount. [Min. serv ice charges on any single input
No charges to individual beneficiariesaccount.Service charges for input submissionto (National Clearing Cell (NCC) is to
No charges to individual beneficiariesaccount.Service charges for input submissionto (National Clearing Cell (NCC) is to
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c) Cancellation ofDD/Pay Order
Rs.100/- Per instrument Rs.100/- Per instrument Rs.102/- Per instrument
Note:-If DD/PO amount is less thanRs. 100/- then 50% of value shall belevied as Bank charges for theservice mentioned under point no.9a.b.c.
Note:-If DD/PO amount is less thanRs. 100/- then 50% of value shall belevied as Bank charges for theservice mentioned under point no.9a.b.c.
10 Deposit/withdrawal of cash/ Collection of cheques and Transfer of Funds at CBS branches.
Cheque Collection
charges(i) Depossit of chequesof samecentre(Base/Non basebranches)
Collection of local cheque by any CBS branch at the
same centre where base branch is located ( e. g.customer having an account at a CBS branch inKolkata and cheque drawn on any bank in Kolkatadeposited at any CBS branches participating inClearing House - FREE
(ii) Deposit of chequesof other centres
ii) Collection of Cheque through non base outstationCBS branches (by presentment through local clearing,
viz. customer having an account at CBS branches inKolkata and deposits a cheque at Mumbai which is tobe presented to any Bank in Mumbai through loc
Outstation cheque collection charges
+ fund transfer (Intersol) chargesshall be levied.
Outstation cheque collection charges
+ fund transfer (Intersol) chargesshall be levied.
b)Deposit/withdrawalof Cash
at local non-base branchUpto Rs.50000/- -Free
Above Rs.50,000/- @Rs.1.50 per Rs.1000/- or partthereofMin. Rs.22.50 per transactionMax Rs.12,000/-
at local non-base branchUpto Rs.25,000/- per day-free
Above Rs.25000/- @ Rs.1.75 perRs.1000/- or part thereof (Min.Rs.25/- per transaction)Max.Rs.12000/-
at local non-base branchUpto Rs.25,000/- per day-free
Above Rs.25000/- @ Rs.1.80 perRs.1000/- or part thereof (Min.Rs.25/- per transaction)Max.Rs.12224/-
at outstat ion (non-base) branchUpto Rs.50,000/- - Free
Above Rs.50,000/[email protected] per Rs.1000/- or part thereof Min.Rs.40/-per transactionMax Rs.12000/-
at outstat ion (non-base) branchUpto Rs.25,000/- per day AboveRs.25000/- @Rs.3.00 per Rs.1000/-or part thereof (min.Rs.50/- pertransaction)
at outstat ion (non-base) branchUpto Rs.25,000/- per day-free
Above Rs.25000/- @Rs.3.00 perRs.1000/- or part thereof(min.Rs.51/- per transaction)
Deposit of Cash (w.e.f. 04.01.2012)
At Local/ Outstation (non-base) branchIn terms of Ministry of Finnance, Government of India - Charges fully waived. Free of chargeat any branch of other Bank for credit to account with our bank branch & vice versa - will attract charges equal to NEFT charges
Note: For deposit of Cash - Cash handling charges shall be levied asapplicable in addition to charges as aforesaid.(Cash withdrawal atnon-base branches by self only with maximum amount Rs. Fiftythousand per day per account. )
c) Fund Transferbetween CBS branches(Non-cash)
At the same city/centre - Free of cost. At differentcity / centre -- Upto Rs.50000/= per day free.Thereafter @Rs.1.50 / Rs.1000 or part thereof.Min. Rs.30/= max Rs.12000/= per transaction
Intracity - FREEIntercity -Less than Rs.1 lac - @Rs.6/- per Tr.Rs.1 lac less than 5 lac - Rs.28/- perTr.Rs.5 lac and above Rs.55/- per Tr.
Intracity - FREEIntercity -Less than Rs.1 lac - @Rs.6/- per Tr.Rs.1 lac less than 5 lac - Rs.29/- perTr.Rs.5 lac and above Rs.56/- per Tr.
BMiscellaneousService Charges
11LedgerMaintainanceCharges)
11.1 Current/ CC/ODAccount
Per Folio per half-yearRs. 75/-
Account Maintenance ChargesCA/CC A/c
Rs. 2.00 per ent ry Minimum-Rs.50.00 Maximum Rs.1000.00 perhalf yearsubjected to free entriesBal. upto Rs 25000-NILUpto Rs 50000 - 50Upto Rs 1 lac - 75Upto Rs 2 lac- 125Upto Rs 5 lac- 250
Above Rs 5 lac- All Free
Account Maintenance ChargesCA/CC A/c
Rs. 2.00 per entry Minimum-Rs.51.00 Maximum Rs.1019.00 perhalf yearsubjected to free entriesBal. upto Rs 25000-NILUpto Rs 50000 - 51Upto Rs 1 lac - 76Upto Rs 2 lac- 127Upto Rs 5 lac- 255
Above Rs 5 lac- All Free
11.2 Charges for additional debit entries in S.B. A/cs.
Free debit entriespermitted
No. per half year50
No. per half year 50 No. per half year 51
Charges for additionaldebit entries [*]
Per addl. entryRs.10/-
Per addl. Entry Rs.10/- Per addl. Entry Rs.10/-
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[*] No charge shall be levied if the balance in the account is maintained above Rs.25000/=
Incidental Charges for Accounts not operated for 1 year
12 (a) Savings Bank Accounts
Balance Rs.1000 ormore
half yearly Nil Nil Nil
Balance < Rs.1000/- >Rs.50
half yearly Rs.30Rs.50/- per half year for CBSBranches
Rs.51/- per half year for CBSBranches
Balance below Rs.50/-half yearly*available balance and a/c to be closed under adviceto customer.
*available balance and a/c to beclosed under advice to customer.
*available balance and a/c. to beclosed under advice to customer.
* After giving notice entire balance to be appropriated & account should be closed
(b) Current
Irrespective of Balancehalf yearlyRs.50/-
Rs.150/- -CBS per ha lf yearly Rs.153/- -CBS per ha lf yearly
13 Charge for not maintaining Minimum Balance
(a) SB with chequefacility
Per quarter Rs.150/- (Rural Br.-Rs.100/-)
Per quarter Rs.153/- (Rural Br.-Rs.102/-)
(b) SB without chequefacility
Rs.100/- Per quarter Rs.102/- Per quarter
(c)SB Pension/Sr.Citizen account withcheque facility
Rs. 150 per quarter Rs. 153 per quarter
(d)SB PensionSr.Citizen account withoutcheque facility
Rs. 100 per quarter Rs. 102 per quarter
(e) Current Per quarter Rs.450/- Per quarter Rs.458/-
Note1: Default in non-maintenance in minimum balance shall be reckoned onaverage monthly balance in the account. Note 2: Charges fornon-nmaintenance of minimum balance in account of Sr.citizen are not to belevied for the first default.The depositor to be advised to make good the gapfailing which applicable default charges as mentioned above shall be applied.
14 Charge for closure of a/c within 12 months
Savings BankWithout Cheque Book Rs.100.00, With Cheque BookRs.150.00
Rs.200/- Rs.100.00 for RuralBranches
Rs.204/-Rs.102.00 for Rural Branches
Current /CCFor Firms & Companies Rs.500.00, For othersRs.150.00
For firms & CompaniesRs.500.00, For others Rs.250.00
For firms & Companies Rs.509.00,For others Rs.255.00
Note:No Charges shall be levied in case of death of deposited and transfer ofdeaceased depositor a/c. to our other branch.
15 Charge for issuance of cheque book
(a). Sav ings Bank (Perleaf)
MICR & Non-MICRPer leaf
Rs.3/-
Rs. 3 per leaf. (including multicity
cheques)
Rs. 3 per leaf. (including multicity
cheques)
Free Chq. Leaves in 1/2 year
Rural BranchesNo. of Chq. Leaves40
No. of Chq. Leaves 20 No. of Chq. Leaves 20
Other BranchesNo. of Chq. Leaves
30
No. of Chq. Leaves 20 No. of Chq. Leaves 20
(b).Current / CashCredit (per leaf)
MICR & Non-MICRPer leafRs.2.50
Rs. 3 per leaf (including multicitycheques)
Rs. 3 per leaf (including multicitycheques)
16 Charge for issuing daily/weekly statement of accounts
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Daily statement Per month Rs. 100/-Rs.1000/- per year. For repeatrequest, Rs.2/- per entry. Min.Rs.100/- per request
Rs.1019/- per year. For repeatrequest, Rs.2/- per entry. Min.Rs.102/- per request
Weekly st atement Per month Rs.50/-Rs.450/- per year for repeatrequest, Rs.2/- per entry. Min.Rs.100/- per request
Rs.458/- per year for repeatrequest, Rs.2/- per entry. Min.Rs.102/- per request
Monthly Statement Per month - f reeOnce Free, thereafter, Rs.2/- perentry. Min. Rs.100/- per request
Once Free, thereafter, Rs.2/- perentry. Min. Rs.102/- per request
17 Charge for issuing duplicate pass book with latest entry
17. 1 Individuals Per occasion Rs. 40/-Rs.75/ Rs.50 (Rural Br.) peroccasion
Rs.76/ Rs.51 (Rural Br.) per occasio
17.2 Others thanindividuals
Per occasion Rs.50/- Rs.100 per occasion Rs.102 per occasion
with previous entries( additional charges w.e.f 04.01.2012) in addition to duplicate pass book charges of previous column
40 entries(per folio) or part Rs. 51/- for inidividuals
40 entries(per folio) or part Rs. 76/- for other than individuals
18 Charge for issuance of duplicate interest certificate/balance certificate
Rs.50/- per occasion Rs.75/- per occasion Rs.76/- per occasion
19 Charge for attestation of customer's signature on documents (per signature attested)
19.1 Individuals Rs.50/- Rs.75/- Rs76/-
19.2 Other thanindividuals
Rs.75/- Rs.100/- Rs102/-
20Charge for addition/ deletion of names/change in operational instructions/ recording of power ofattorney in accounts of individuals (other than deceased A/c)
Rs.75/- Rs.100/- per occasion Rs.102/- per occasion
21Charge for change in constitution/ operational instruction/ authorised signatory/ recording power ofattorney in accounts other than individuals
Rs.100/- per occasion Rs.250/- per occasion Rs.255/- per occasion
22Charge for stoppayment of cheque(per instrument)
22.1 Sav ings Bank
Other than Rural
branches
Rs.50/- per occasionRs.75/- per cheque
Max.Rs.500/- per lot
Rs.76/- per cheque
Max.Rs.509/- per lot
For Rural Branch Rs. 40/- per occasionRs.50/- per chequeMax.Rs.300/- per lot
Rs.51/- per chequeMax.Rs.306/- per lot
22.2 Current Account
Other than ruralbranches
Rs.100/- per occasionRs.100/- per chequeMax.Rs.500/- per lot
Rs.102/- per chequeMax.Rs.509/- per lot
For Rural BranchPer occasionRs.80/-
Rs.80/- per chequeMax Rs.350/- per lot
Rs.81/- per chequeMax Rs.357/- per lot
23Charges for ATMCard
23.1 Issuance of NewATM Card/Duplicatecard/PIN/Annualmaintainance Charges
Nil Nil Nil
23.2 ATM Transaction
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c arges
i)Cash withdrawal Our Bank's ATM
Per occasionour Bank's ATM - free
Per occasion - Free Per occasion - Free
Other Bank's ATM Per occasion ATM of SBI and its associates - Rs.20/-
5 transaction in a month in SB a/c -Free.Thereafter charges @ Rs.20 pertransaction.
5 transaction in a month in SB a/c -Free.Thereafter charges @ Rs.20 pertransaction.
ii) Balance inquiry our Bank's ATM - free our Bank's ATM - free our Bank's ATM - free
ATM of SBI and its associates - Rs.8/- Other Bank's ATM - Free Other Bank's ATM - Free
23.8 Point of Sales(POS) transactions atPetrol Pumps andRailway ReservationCounters as perShared NetworkRegulations
Service Charges @2.5% oftransaction value or Rs.10.00whichever is higher
Service Charges @2.5% oftransaction value or Rs.10.00whichever is higher
23.9 Transaction Abroad
a) Cash withdrawalthrough VISANetworked ATMs
Rs.100/- + 2% of the currencyconversion charges per transaction
Rs.102/- + 2% of the currencyconversion charges per transaction
b) Balance Enquirythrough VISA
Networked ATMs
Rs.25.00 Rs.25.00
24 Charge for late payment of Recurring Deposit instalments
RD of 60 months orless
pm/Rs.100 Rs.2.00 Rs.2/- per Rs.100/- p.m. Rs.2/- per Rs.100/- p.m.
RD of above 60months
pm/Rs.100 Rs.2.00 Rs.2/- per Rs.100/- p.m. Rs.2/- per Rs.100/- p.m.
25 Charge for standing instructions (per transaction)
26 Registrat ion
Same branch and insame name
per transactionNil
Nil Nil
Same branch but indifferent name
per transactionRs.10/- + remittance and postage charge Rs.25/- individual / Rs. 50/- others
per transaction + actual remittancecharges
Rs.25/- individual / Rs. 51/- othersper transaction + actual remittancecharges
Involving anotherbranch
per transactionRs.10/- + remittance and postage charge
Charge forinsufficiency of fundsto carry out standinginstructions
Per occasionRs.30/-
Rs.50/- per occasion Rs.51/- per occasion
27
Charge for issuanceof SolvencyCertificate (percertificate)
Rs.250/- per lacMin.Rs.750/-Max.Rs.15000/-
Rs.255/- per lacMin.Rs.764/-Max.Rs.15280/-
28 Cash Handling charges
Per day per account Per day per account
upto 10 packetsAbove 10 packetsNotes upto Rs.100denomination
[email protected] per packetMax Rs.10,000/-
[email protected] per packetMax Rs.10,000/-
[email protected] per packetMax Rs.10,187/-
Above Rs.100/-denomination
@Rs.8 per packetMax Rs.10,000/-
@Rs.8 per packetMax Rs.10,000/-
@Rs.8 per packetMax Rs.10,187/-
29 Charges for Safe Custody
Scrips Rs.10/ per scrip.Min. Rs.100/-p.a. or part therof Rs.350/- per cover p.a. or partthereof
Rs.357/- per cover p.a. or partthereof
Sealed Covers Rs.200/- per cover p.a.or part thereof
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Sealed Boxes Rs. 1000/- per year or part thereof per box. - . .
thereof. - . .
thereof
30Postal charges(per packet)
Actual Actual Actual
31Enquiry re lating to oldrecords (more than 12months old)
Upto 1 year old record Rs. 100/- perreference. Beyond 1 year Rs. 300/-per year per reference + out ofpocket expense
Upto 1 year old record Rs. 100/- perreference. Beyond 1 year Rs. 305/-per year per reference + out ofpocket expense
32Loss of safe depositlocker key
Rs. 250/- + actual expenses forbreaking and replacement of thelocker
Rs. 255/- + actual expenses forbreaking and replacement of thelocker
33Photo attestioncharges
Rs. 50/- per certificate Rs. 51/- per certificate
34Issue of DuplicateDeposit receipt.
Rs. 50/- per request per instrument Rs. 51/- per request per instrument
35Record copy of thecheque
Rs. 50/- per instance Rs.51 per instance
Note :(1) In case of tierised deposit proucts (SB A/c / CA), no frills SB A/c andother products etc. benefits/concession as per the relevant scheme shallapply.
C Locker Rent :
1 Schedule of Locker Rent (inclusive of all taxes)
CategoryVolume(cubic inch)
ExistingUCO Bankw.e.f. 1st May 2009
Existing Pre- Tax Hike Proposed Post-Tax Hike
Rural/SU Urban/Metro Rural/SU Urban/Metro Rural/SU Urban/Metro Urban/Metro
A
i) 469.90 735.00
800 1000 815 1019 1019
ii) 534.77
B
i) 858.69 785.00
ii) 878.17 900 1200 917 1222 1222
iii) 731.80
C
i) 1186.21 1475.00
1500 2500 1528 2547 2547
ii) 1155.09
D
i) 1337.11 1475.00
ii) 1307.72 1500 2500 1528 2547 2547
E
i) 1872.67 1960.00
ii) 1841.33
iii) 1828.02 2500 3000 2547 3056 3056
iv) 2234.25
F
i) 2767.82 2455.00
2750 3000 2801
3056 up to30.04.2012.(Increased to 3565w.e.f. 01.05.2012)
iii) 2622.38
G
i) 2843.59 3056
ii) 2766.33
H
i) 3986.97 3435.00
ii) 3682.66
L-1
i) 4214.60 4000 4500 4075 4584 4584
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ii) 4671.61
K&L
i) 6296.51 4420.00
ii) 6009.61 4500 5000 4584 5094 5094
2
Locker Rent for Staff-members: Locker Rent for Staff-members:
Effect ive from 1st May 2009 Existing Pre- Tax Hike Proposed Post-Tax Hike
Rural /SU
Urban / MetroRural /SU
Urban /Metro
Rural /SU
Urban /Metro
Urban / Metro
A Type (onelocker only) 300.00 395.00 490.00 450.00 550.00 458 560
3
Penalty for late payment of Locker Rent ( per quarter or part thereof) : Penalty for late payment of Locker Rent ( per quarter or part thereof) :
Effective from1st May 2009
Existing Pre- Tax Hike Proposed Post-Tax Hike
A & B Type 50.00 50.00 51
C & above 250.00 250.00 255
(Penalty appliciable after 3 months of due date applicable also to staff member/ex-staff members).
4
Locker standing in the name of retired/voluntarily retired/ deceased staff members
Locker standing in the name of retired/ voluntarily retired/ other member of staff and in case of deceased staf f members on transfer to the name of the spouse
upto the end of his/her life may continue with staff concession.
Note: (Proposed)
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 caseadvance rent is paid by customers. The rent payable for the overdue period to the date of revision would be recovered at old rate and the revised ratewill be recovered proportionately from the date of revision. Where rent for 3 years has been recovered prior to revision, no difference amount on accountof revision in rent shall be recovered for the current financial year only and the revised rate shall be applicable from the next financial year. Refund of advancerent may be allowed for the un-expired period in case the locker is surrendered before the expiry of the period of three years for which advance rent has beenpaid. The refund will be made in complete years i.e. fraction of a year remaining in the year of surrender shall be ignored.
PART -IISERVICE CHARGES ON ADVANCES (PS & NPS)
I. PRIORITY SECTOR ADVANCES EXCEPT EDUCATION LOANSA. PROCESSING CHARGES (for Advances other than Term Loan & DPG)*
Amount of Advance Effective from Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
Up to Rs.25, 000/- Nil Nil Nil Nil
Above Rs.25, 000/- Rs. 350.00 per lac Rs. 350.00 per lac Rs. 357.00 per lac
Min. Rs. 350.00 Min. Rs. 350.00 Min. Rs. 357.00
* This table is also applicable for sanction of Short Term Loans upto 12 months.B.RENEWAL CHARGES (for Advances other than Term Loan & DPG)
Amount of Advance Effective from Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
Up to Rs.25,000/- Nil Nil Nil Nil
Above Rs.25,000/- Rs.350.00 per lac Rs.350.00 per lac Rs.357.00 per lac
Min. Rs.350.00 Min. Rs.350.00 Min. Rs.357.00
C.PROCESSING CHARGES FOR TERM LOANS & DPG
I. Fresh Term Loan/DPG sanctioned excluding loanssanctioned under Retail Segment
Effective fromEffective from 1st May
2011Will effective from
1st April 2012Will effective from 1st
April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
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. , -
Above Rs.25,000/-1.1236% of theSanctioned limit
1.1236% of theSanctioned limit
1.1446% of theSanctioned limit
Min Rs. 600.00 Min Rs. 600.00 Min Rs. 611.00
II.Review of Term Loan (On run down Balance)
Up to Rs.25,000/- NIL NIL NIL
Above Rs.25,000/-Rs. 120.00 per lac, Min.Rs.250.00,
Rs. 120.00 per lac, Min.Rs.250.00,
Rs. 122.00 per lac, Min.Rs.255.00,
Max. Rs.55000.00except Retail Credit
Max. Rs.55000.00except Retail Credit
Max. Rs.56028.00except Retail Credit
D. AD-HOC SANCTION CHARGES:
Amount ofAd-hocSanction
Effective from Effective from 1st May 2011
Willeffectivefrom 1st
April 2012
Will effective from 1st April 2012
1st May,2009 Pre Tax HikePost Tax
HikePost Tax Hike
Upto Rs.25,000/-
NIL NIL NIL
AboveRs.25,000/-
Normal processing charges for the periodof sanction on pro-rata basis (min. Chargefor 3 months)
Normal processing charges for the periodof sanction on pro-rata basis (min. Chargefor 3 months)
Normal processing charges for the periodof sanction on pro-rata basis (min. Chargefor 3 months)
E. DOCUMENTATION CHARGES:
Amount of Advance Effective from Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
Up to Rs.25,000/- Nil Nil Nil
Above Rs.25,000/- Rs. 200 .00 Rs. 200 .00 Rs. 204 .00
Up to Rs.2 lacs
Above Rs.2 lacs upto Rs.5 lacs Rs.1300.00 Rs.1300.00 Rs.1324.00
Above Rs.5 lacs upto Rs.25 lacs Rs.2000.00 Rs.2000.00 Rs.2037.00
Above Rs.25 lacs upto Rs.50 lacs Rs.4000.00 Rs.4000.00 Rs.4075.00
Above Rs.50 lacs upto Rs.5 crores Rs.5600.00 Rs.5600.00 Rs.5705.00
Above Rs 5 crores Rs.14000.00 Rs.14000.00 Rs.14262.00
II. NON-PRIORITY SECTOR ADVANCES :A. PRE-PROCESSING CHARGES :
Particulars Effective from Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
In case ofnewaccountswithexposureof Rs.10lacs andabove
Preprocessing charges equal to10% of t otal applicable processingcharges would be recoveredupfront after clearance of theadvance proposal by the NewBusiness Committee (NBC) i.e.before taking up the proposal fordetailed processing. The remaining90% of the processing charges areto be recovered in full before thedisbursement begins. The pre-processing charges would be non-refundable.
Preprocessing charges equal to10% of total applicable processingcharges would be recoveredupfront after clearance of theadvance proposal by the NewBusiness Committee (NBC) i.e.before taking up the proposal fordetailed processing. The remaining90% of the processing charges areto be recovered in full before thedisbursement begins. The pre-processing charges would be non-refundable.
Preprocessing charges equal to10% of total applicable processingcharges would be recoveredupfront after clearance of theadvance proposal by the NewBusiness Committee (NBC) i.e.before taking up the proposal fordetailed processing. The remaining90% of the processing charges areto be recovered in full before thedisbursement begins. The pre-processing charges would be non-refundable.
Preprocessing charges equal to10% of t otal applicable processingcharges would be recoveredupfront after clearance of theadvance proposal by the NewBusiness Committee (NBC) i.e.before taking up the proposal fordeta iled processing. The remaining90% of the processing charges areto be recovered in full before thedisbursement begins. The pre-processing charges would be non-refundable.
B. PROCESSING CHARGES:
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a Ot er t an Term oan & DPG
Amount of Advance Effective from Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
Up to Rs.25,000/- Nil Nil Nil
Above Rs.25,000/- Rs.400.00 per lac or part thereof Rs.400.00 per lac or part thereof Rs.407.00 per lac or part thereof
Min Rs.700.00 Min Rs.700.00 Min Rs.713.00
* This table is also applicable for sanction of Short Term Loans upto 12 months.b) Term loan & DPG
I. Fresh Term Loan/DPGsanctioned excluding loans
sanctioned under RetailSegment
Effective from Effective from 1st May 2011
Willeffectivefrom 1stApril2012
Will effective from 1st April 2012
1st May,2009 Pre Tax HikePost Tax
HikePost Tax Hike
Up to Rs.25, 000/- Nil Nil Nil
Above Rs.25,000/-1.35% of the sanctioned limit for f irstyear plus annual renewal charge or
25% one time charge for 10 years.
1.35% of the sanctioned limit for f irstyear plus annual renewal charge or
25% one time charge for 10 years.
1.38% of the sanctioned limit for f irstyear plus annual renewal charge or
25% one time charge for 10 years.
II. Review of Term Loan
Up to Rs.25,000/- NIL NIL NIL
Above Rs.25,000/- Rs. 125.00 per lac, Rs. 125.00 per lac, Rs. 127.00 per lac,
Min. Rs.250.00, Min. Rs.250.00, Min. Rs.255.00,
Max. Rs.56000.00 Max. Rs.56000.00 Max. Rs.57047.00
(Except Retail Credit) (Except Retail Credit) (Except Retail Credit)
C. RENEWAL CHARGES for advances other than Term loan & DPG
Amount of
Advance Effective from Effective from 1st May 2011
Will effective from 1st April
2012 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike Post Tax Hike
Up toRs.25,000/-
Nil Nil Nil
AboveRs.25,000/-
At the same rate as processingcharges
At the same rate as processingcharges
At the same rate as processingcharges
D.ADHOC SANCTION CHARGES:
Amount
of Ad-hocSanction
Effective from Effective from 1st May 2011
Will
effectivefrom 1stApril 2012
Will effective from 1st April 2012
1st May,2009 Pre Tax HikePost Tax
HikePost Tax Hike
Up toRs.2 lac
Rs.600.00 Rs.600.00 Rs.611.00
AboveRs.2 lacs
Normal processing charge for the period ofsanction on pro-rata basis till adjustment(Min.charges for 3 months)
Normal processing charge for the period ofsanction on pro-rata basis till adjustment(Min.charges f or 3 months)
Normal processing charge for the period ofsanction on pro-rata basis till adjustment(Min.charges for 3 months)
E. Documentation charges :
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Amount of Advancefrom
Effective f rom 1st May 2011
1st April 2012
1st April 2012
1st
May,2009Pre Tax Hike Post Tax Hike Post Tax Hike
Up to Rs.25,000/- Nil Nil Nil
Above Rs.25,000/- Rs.250.00 Rs.250.00 Rs.255.00
Up to Rs.2 lacs
Above Rs.2 lacs upto
Rs.5 lacs
Rs.1300.00 Rs.1300.00 Rs.1324.00
Above Rs.5 lacs uptoRs.25 lacs
Rs.2000.00 Rs.2000.00 Rs.2037.00
Above Rs.25 lacs uptoRs.50 lacs
Rs.4000.00 Rs.4000.00 Rs.4075.00
Above Rs.50 lacs uptoRs.5 crores
Rs.5600.00 Rs.5600.00 Rs.5705.00
Above Rs. 5 crores Rs.14000.00 Rs.14000.00 Rs.14262.00
In case of loan against deposit , UCO Securities Loan and staff loan nodocumentation charge are to be rea lised.
F.OTHER SERVICE CHARGES
a.Applicable for customers falling under FC & MC Categories
Particulars Effective from Effective from 1st May 2011
Will
effectivefrom 1st
April 2012
Will effective from 1st April 2012
1st May,2009 Pre Tax HikePost Tax
HikePost Tax Hike
1. Issuance of NOC (perNOC)
Rs.55,000.00 Rs.55,000.00 Rs.55,000.00
2. Modification of terms andconditions of sanction
Rs.55,000/= per modif ication. Rs.55,000/= per modif ication. Rs.56028/= per modif ication.
Min. Rs. 1.00 lac Min. Rs. 1.00 lac Min. Rs. 101870.
3. Revalidation of sanction50% of regular processing charges.Maximum of Rs.11 lacs.
50% of regular processing charges.Maximum of Rs.11 lacs.
51% of regular processing charges.Maximum of Rs.1120570 .
4. Penal charges fordeferred drawal in case ofterm loans.
0.10% per month on the drawings notmade on the scheduled date for thedelayed drawing period.
0.10% per month on the drawings notmade on the scheduled date for thedelayed drawing period.
0.10% per month on the drawings nomade on the scheduled date for thedelayed drawing period.
5.Mortgage charges
a. in case of sole bankingaccounts
Rs.25000.00 Rs.25000.00 Rs.25467.00
b. in case of consortium /multiple banking accounts
Rs.25,000.00 Rs.25,000.00 Rs.25,467.00
6. Parting of process notefor f iling with SEBI for IPOor any similar purpose
Rs.600000.00 Rs.600000.00 Rs.611220.00
7. Loan Syndication1.15% of the debt syndicated uptoRs.25 crore.
1.15% of the debt syndicated uptoRs.25 crore.
1.17% of the debt syndicated uptoRs.25 crore.
0.6% of the debt syndicated forabove Rs.25 crore (Min. Rs.25crores).
0.6% of the debt syndicated forabove Rs.25 crore (Min. Rs.28 lacs).
0.6% of the debt syndicated forabove Rs.25 crore (Min. Rs.28 lacs).
b.Applicable for customers falling under SE Category
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1. Issuance of NOC (per NOC) Rs.600.00 Rs.611.00
2. Modification of terms and conditions ofsanction
Rs.600.00 per modification. Rs.611.00 per modification.
3. Revalidation of sanctionApplicable regular processing charges, subject to ceiling ofRs.5.00 lacs.
Applicable regular processing charges, subject to ceiling ofRs.509350 .
G.MISCELLANEOUS CHARGES :
Particulars Effective from 1st May,2009
Effective from 1st May 2011 Will effective from 1st April 2012
Pre Tax Hike Post Tax Hike
a. Processing Chargesfor advances against
NSC, KVP etc and GoldLoans:-
Flat Rs.245.00 + Appraisers Fee ( for Gold
Loan)
Flat Rs.250.00 + Appraisers Fee ( for Gold
Loan)
Flat Rs.255.00 + Appraisers Fee ( for Gold
Loan)
b. Supervision Charges(Applicable to PS & NPSlimits of Rs. 1 crore &above)
Rs.2950.00 half year Rs.2950.00 half year Rs.3005.00 half year
C.Inspection Charges(Priority & Non-PrioritySector Advances)
Amount of Advance Effective from 1st May,2009
Above Rs.25,000/- upto2 lacs -
Rs.145.00 per inspection Rs.145.00 per inspection Rs.148.00 per inspection
Above Rs.2 lacs up toRs.10 lacs -
Rs.290.00 per inspection Rs.290.00 per inspection Rs.295.00 per inspection
Above Rs.10 lacs up toRs.25 lacs
Rs.590.00 per inspection Rs.590.00 per inspection Rs.601.00 per inspection
Above Rs.25 lacs up toRs.50 lacs
Rs.980.00 per inspection.+ConveyanceCharge + Out of pocket exp
Rs.980.00 per inspection.+ConveyanceCharge + Out of pocket exp
Rs.998.00 per inspection.+ConveyanceCharge + Out of pocket exp
.
Above Rs.50 lacs up to 1crore
Rs.2950.00 per insp.+Con.Char.+Out ofpocket exp.
Rs.2950.00 per insp.+Con.Char.+Out ofpocket exp.
Rs.300500 per insp.+Con.Char.+Out ofpocket exp.
Above 1 croreRs.4900.00 per insp.+Con.Char.+Out ofpocket exp.
Rs.4900.00 per insp.+Con.Char.+Out ofpocket exp.
Rs.4992.00 per insp.+Con.Char.+Out ofpocket exp.
d) Lead Bank Chargesfor Consortium
Advances: (PrioritySector & Non PrioritySector) :
0.140% of the total fund based workingcapital limits sanctioned by the consortium (i.e. Assessed working capital Fund Basedlimit). Renewal Charges at the same rate tobe recovered every year.
0.140% of the total fund based workingcapital limits sanctioned by the consortium (i.e. Assessed working capital Fund Basedlimit). Renewal Charges at the same rate tobe recovered every year.
0.143% of the total fund based workingcapital limits sanctioned by the consortium (i.e. Assessed working capital Fund Basedlimit). Renewal Charges at the same rate tobe recovered every year.
e)Issuance of no duescertificate (PrioritySector & Non PrioritySector)
Particulars Effective from Effective from 1st May 2011 Will effective from 1st April 2012
1st May,2009 Pre Tax Hike Post Tax Hike
i) No duescertificate(NDC) for smallloans upto Rs.50,000/-to small and marginalfarmers, share cropperand the like
NIL NIL NIL
(Not required) (Not required) (Not required)
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ii) No duescertificate(NDC) forothers
Rs.45.00 per certificate Rs.45.00 per certificate Rs.45.00 per certificate
Effective f rom 1st May 2011 Will effective from 1st April 2012
f). Charges for issuance of No duescertificate to clients whose NPA accountsare set tled by entering into compromise (
Applicable in all cases where sanctioned
loan/limit/disbursed amount is above Rs.5lacs)-
Pre Tax Hike Post Tax Hike
i) NPA accounts where terms of compromiseare strictly adhered to
Rs.1000.00 per certificate Rs.1000.00 per certificate Rs.1019.00 per certificate
ii) NPA accounts where repayment is notreceived as per original schedule/failedcompromise is revived:
Rs.2000.00 per certificate Rs.2000.00 per certificate Rs.2037.00 per certificate
Particulars Effective from
1st May,2009
g) Processing Charges / Roll over chargesfor FCNR (B) loan
Rs 50000.00 per occasion Rs 50000.00 per occasion Rs 50935.00 per occasion
h) For ear-marking credit limits sanctionedby us and to be availed by the borrowersfrom other bank
The service charge of 1.20% perannum will be levied on quarterlybasis i.e. 0.30% per quarter:
The service charge of 1.20% perannum will be levied on quarterly basisi.e. 0.30% per quarter:
The service charge of 1.22% perannum will be levied on quarterlybasis i.e. 0.30% per quarter:
i) Pre-payment and commitment charges; Sanctioning Authorities shall stipulateprepayment/commitment charges insanction terms.
i. Prepayment chargesNo prepayment charges in thefollowing :
No prepayment charges in the followingcharges
No prepayment charges in thefollowingcharges
a)Agricultural loans upto Rs.10lacs
a)Agricultural loans upto Rs.10 lacs a)Agricultural loans upto Rs.10 lacs
b)Other Priority Sector loansupto Rs.5 lacs
b)Other Priority Sector loans upto Rs.5lacs
b)Other Priority Sector loans uptoRs.5 lacs
c)Other Term Loan Accountswith limit upto Rs.2 lacs.
c)Other Term Loan Accounts with limitupto Rs.2 lacs.
c)Other Term Loan Accounts withlimit upto Rs.2 lacs.
For other term loans as perAnnexure-1 enclosed. (Beinggoverned by Loan PolicyDocument and changes/amendments as advised by RiskManagement Dept. )
For other term loans as per Annexure-1 enclosed. (Being governed by LoanPolicy Document and changes/amendments as advised by RiskManagement Dept.)
For other term loans as perAnnexure-1 enclosed. (Beinggoverned by Loan Policy Documentand changes/ amendments asadvised by Risk Management Dept.)
ii. Commitment Charges :
Where average availment of fund based credit during a month is less than 70% of thelimit sanctioned, commitment charges @1/12th percent on the unutilised limit shall be
levied for that month. Service tax at applicable rate shall be added by branches tothe commitment charges. (Being governed by Loan Policy Document and changes/amendments as adv ised by Risk Management Dept. )
Note : Assessment of average availment during a month shall be based on the % ofactual interest for the month with respect to the interest calculated on the full limit fo
the month.
j) Processing Charges on Banks Own Loan Schemes:
Schemes Effective from
Effectivefrom 1st
May2011
Will ef fect iv e f rom 1st April 2012 Will ef fective from 1st April 2012
Pre Tax
Post Tax Hike Post Tax Hike
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1. UCORent
FreshSanctions
1% of the sanctioned loan amount. 1% of the sanctioned loan amount. 1% of the sanctioned loan amount.
Reviewon rundownBalance
Rs. 225.00 per lac, Min. Rs.250.00, Max.Rs.56000.00
Rs. 225.00 per lac, Min. Rs.250.00, Max. Rs.56000.00Rs. 229.00 per lac, Min. Rs.255.00, Max.Rs.57047.00
2. UCO
RealEstate
FreshSanctions
0.8% on the amount of loan applied foralong with the application. 1.20% processingfee of the sanctioned loan amount.
0.8% on the amount of loan applied foralong with the application. 1.20% processingfee of the sanctioned loan amount.
Review ofTL on rundownBalance
Rs. 125.00 per lac, Min. Rs.250.00, Max.Rs.56000.00
0.8% on the amount of loan applied for along with theapplication. 1.20% processing fee of the sanctioned loanamount.
0.8% on the amount of loan applied foralong with the application. 1.20% processinfee of the sanctioned loan amount.
Renewalof CC/WC
Rs.395.00 per lac or part thereof Rs. 125.00 per lac, Min. Rs.250.00, Max. Rs.56000.00Rs. 127.00 per lac, Min. Rs.255.00, Max.Rs.57047.00
Rs.395.00 per lac or part thereof Rs.402.00 per lac or part thereof
3.UCOShilpaUdyog
FreshSanctions
0.50% of FB Limit 0.50% of FB Limit 0.50% of FB Limit
0.25% of NFB Limit 0.25% of NFB Limit 0.25% of NFB Limit
Review/RenewalCharges
Rs.345.00 per lac or part thereof Rs.345.00 per lac or part thereof Min. Rs.350.00Rs.351.00 per lac or part thereof Min.Rs.357.00
# Review/Renewal Charges (UCO Trader) : At the same rate as processing charges.
PART-III
GUARANTEE& LETTER OFCREDIT
ServiceCharges in Rs.(Incl. of all
taxes)
A) Charges forGuarantee
1.Commissionon issuance ofGuarantee(Periodincluding claimperiod)
Particulars Effective from 1st May 2011 Will effective from 1st April 2012 Will effective from 1st April 2012
Pre Tax Hike Post Tax Hike Post Tax Hike
(i) PerformanceGuarantee
Rs.170 + 2.20% p.a. (Min. 170 +1.10%charges for 2 quarters)
Rs.170 + 2.20% p. a. (Min. 170 +1.10%charges for 2 quarters)
Rs.173 + 2.24% p. a. (Min. 173 +1.12%charges for 2 quarters)
(ii) OtherGuarantees(Includingissuance ofletter ofcomfort f orbuyers credit
Rs.170 + 3.30% p.a. (Min. 170 + 1.65%charges for 2 quarters)
Rs.170 + 3.30% p.a. (Min. 170 + 1.65%charges for 2 quarters)
Rs.173 + 3.36% p.a. (Min. 173 + 1.68%charges for 2 quarters)
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o e : o e : o e :
a) Charges are to be recovered upfront forthe full period including the claim period unlessotherwise sanctioned by the competentauthority.
a) Charges are to be recovered upfront forthe full period including the claim period unlessotherwise sanctioned by the competentauthority.
a) Charges are to be recovered upfront for thefull period including the claim period unlessotherwise sanctioned by the competentauthority.
b) Guarantee for the period beyond sixmonths would attract commission, reckoningthe part period of guarantee beyond 6 monthsin terms of completed quarters. (For aperformance guarantee issued for 16 months,guarantee commission for 1 year should belevied @ Rs.170 +2.20 p.a. and for the
remaining 4 months commission should belevied @ 0.55% per quarter for 2 quarters byreckoning 4 months as two quarters.)
b) Guarantee for the period beyond sixmonths would attract commission, reckoningthe part period of guarantee beyond 6 monthsin terms of completed quarters. (For aperformance guarantee issued for 16 months,guarantee commission for 1 year should belevied @ Rs.170 +2.20 p.a. and for the
remaining 4 months commission should belevied @ 0.55% per quarter for 2 quarters byreckoning 4 months as two quarters.)
b) Guarantee for the period beyond six monthswould attract commission, reckoning the partperiod of guarantee beyond 6 months in termsof completed quarters. (For a performanceguarantee issued for 16 months, guaranteecommission for 1 year should be levied @ Rs.170+2.20 p.a. and for the remaining 4 months
commission should be levied @ 0.55% perquarter for 2 quarters by reckoning 4 months astwo quarters.)
c) Additiona l commission at applicable rate willbe levied on the extended period of guaranteedue to rest raint imposed by court order.
c) Addit ional commission at applicable rate willbe levied on the extended period of guaranteedue to rest raint imposed by court order.
c) Addit ional commission at applicable rate willbe levied on the extended period of guaranteedue to rest raint imposed by court order.
2. Refund ofguaranteecommission
No refund if the purpose for which theguarantee was issued is served and the originalguarantee is returned for cancellation before theexpiry date. If the purpose for which guaranteewas issued is not served, 50% of original ratefor the unexpired period less 1 quarter will berefunded. (Guarantee with an unexpired periodof 10 months is tendered for cancellation, refunwill be calculated for 7 months @ 50% of originacommission.)
3. Renewal /Extension ofGuarantee
Same charges as applicable for issuance of freshguarantee. However, for the claim period, nocharge to be levied if the renewal is effectedbefore the expiry date of the original guarantee
4. Guaranteessecured by100% term
depositincluding thirdparty depositsof our Bank
Rs.173 + 25% of normal commission.if the BG is
secured by 100% CASA deposit, full commisionshall be waived.
B) Charges forInland Letter ofCredit
Particulars
1. LC OpeningCharges
Following charges with a min. of Rs.750/-should be levied
Following charges with a min. of Rs.764/- shoulbe levied
a) Usance Charge : 2.20% p.a. for theusance period (complete month or partthereof). In case of sight bills / usance for lessthan 1 month, minimum one month charges
And
a) Usance Charge : 2.24% p.a. f or the usanceperiod (complete month or part thereof). Incase of sight bills / usance for less than 1 monthminimum one month charges And
b) Commitment Charge : For the period of
liability (from the date of opening of credit tothe last date of its validity) @ 1.10% p.a. witha minimum period of 1 month or part thereof.
b) Commitment Charge : For the period of
liability (from the date of opening of credit to thelast date of its validity) @ 1.12% p.a. with aminimum period of 1 month or part thereof.
2. Extension ofvalidity period
An extension may be allowed free ofcommitment charge, if such extension does notrun to next month, otherwise a fresh charge of1.10% p.a. for a minimum period of 1 monthwith a min. of Rs.750/-.
An extension may be allowed free ofcommitment charge, if such extension does notrun to next month, otherwise a fresh charge of1.12% p.a. for a minimum period of 1 monthwith a min. of Rs. 764/-.
3. Increase inamount ofcredit
Both usance and commitment charge onadditional amount at applicable rate with aminimum charge of Rs.750/-.
Both usance and commitment charge onadditional amount at applicable rate with aminimum charge of Rs.764/-.
4. Otheramendments(other than by
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extension ofvalidity periodor increase inthe value ofLC)
Flat commission of Rs.750/- Flat commission of Rs.764/-
5. Revolving LC
Same as per LC opening charges (usance +Commitment) + on each reinstatement usancecharges 2.20% p.a. according to tenor andcommitment charge of 1. 10% p.a. onreinstated amount.
Same as per LC opening charges (usance +Commitment) + on each reinstatement usancecharges 2.20% p.a. according to tenor andcommitment charge of 1.10% p. a. on reinstatedamount.
Min. 750/-. Min. 750/-.
6.Adv ising ofLCs opened bycorrespondentBanks
Rs.735/- Rs.749/-
7. Adv ising ofamendments
Rs.490/- per amendment Rs.499/- per amendment
8. Confirmationof LC
As applicable to LC opening charges. As applicable to LC opening charges.
9. TransferCharge Rs.735/- per transfer. Rs.749/- per transfer.
10. AcceptanceCommission
On all LCs established by other banks callingfor usance drafts to be drawn on and accepted
by our Bank, an acceptance commission @2.20% p.a. with a min. of Rs.750 shall becharged.
On all LCs established by other banks calling forusance drafts to be drawn on and accepted byour Bank, an acceptance commission @ 2.20%p.a. with a min. of Rs.750 shall be charged.
11.Billsreceived underLC
0.22% flat. 0.22% flat.
12. Negotiationcharges (inaddition tointerest fromd/o negotiationto d/oreimbursement)
For bills upto Rs.2.50 lacs 0.44% with a min.Rs.750/-
For bills upto Rs.2.50 lacs 0.45% with a min.Rs.764/-
For bills over Rs.2. 50 lacs 0.28% with a min.Rs.1500/- plus discount at applicable rate ofinterest from the date of negot iation to thedate of reimbursement.
For bills over Rs.2. 50 lacs 0.29% with a min.Rs.1528/- plus discount at applicable rate ofinterest from the date of negot iation to the dateof reimbursement.
1.Negotiation charges and interest thereon areto be collected for the LCs established by otherbanks. In such case, collection charges shouldnot be levied.
1.Negotiation charges and interest thereon areto be collected for the LCs established by otherbanks. In such case, collection charges shouldnot be levied.
2.In case of LCs established by our Bankbranches only collection charges are to becollected and interest as per rating should becollected for the usance period. In case ofsight documents interest for a maximum periodof 15 days should be collected subject to aminimum of Rs.750/-.
2.In case of LCs established by our Bankbranches only collection charges are to becollected and interest as per rating should becollected for the usance period. In case of sightdocuments interest for a maximum period of 15days should be collected subject to a minimum ofRs.764/-.
13. Guaranteeson account ofdiscrepancies indocumentsunder LC
1. If payment received under reserve iscredited to beneficiarys account 0.25% witha min. of Rs.750/-
1. If payment received under reserve is creditedto benef iciarys account 0.25% with a min. ofRs.764/-
2. If payment received under reserve at therequest of the customer is not parted with nocharges.
2. If payment received under reserve at therequest of the customer is not parted with nocharges.
When called upon to refund payment made tothem under reserve, Banks will pay to thenegotiating bank the face va lue of the billtogether with interest at the commercial rateof the negotiating banks plus charges.Interest / charges, if any, would be forcustomer/s a/c.
When called upon to refund payment made tothem under reserve, Banks will pay to thenegotiating bank the face va lue of the billtogether with interest at the commercial rate ofthe negotiating banks plus charges. Interest /charges, if any , would be for customer/s a/c.
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14. LC securedby 100% cashmargin / termdeposit
25% of normal charges in respect of LCopening charges subject t o a minimum ofRs.750/-
25% of normal charges in respect of LC openingcharges subject to a minimum of Rs.764/-
15. Issuance ofcertificate tobeneficiary
No charge for attestation of commercialinvoices at the time of negotiation / collection.On subsequent occasions Rs.20.00 perinvoice, minimum Rs.50.00.
No charge for att estation of commercial invoicesat the time of negotiation / collection. Onsubsequent occasions Rs.20.00 per invoice,minimum Rs.51.00.
16. CleanPaymentreceived under
LC.
Flat Charge of Rs.200/- to Beneficiarysaccount.
Flat Charge of Rs.204/- to Beneficiarys account
Annexure - 1In case of prepayment of instalment(s), prepayment charges shall be levied
on the prepaid amount at the following rates.
Effective from 1st May 2011Will effective from
1st April 2012Will effective from
1st April 2012
Rates forPrepayment
Charges Pre Tax Hike Post Tax Hike Post Tax Hike
Remaining Period inmonths
Term loan accounts with concessionalrate of interest (Rate 1)
Term loan accounts without any concessionalrate of interest(Rate 2)
1 0.0007 0.0003 0.00030561
2 0.0013 0.0006 0.00061122
3 0.0019 0.001 0.0010187
4 0.0026 0.0013 0.00132431
5 0.0032 0.0016 0.00162992
6 0.0038 0.0019 0.00193553
7 0.0044 0.0022 0.00224114
8 0.005 0.0025 0.00254675
9 0.0056 0.0028 0.00285236
10 0.0061 0.0031 0.00315797
11 0.0067 0.0033 0.00336171
12 0.0072 0.0036 0.00366732
13 0.0078 0.0039 0.00397293
14 0.0082 0.0041 0.00417667
15 0.0088 0.0044 0.00448228
16 0.0093 0.0046 0.00468602
17 0.0098 0.0049 0.00499163
18 0.0102 0.0051 0.00519537
19 0.0107 0.0053 0.00539911
20 0.0112 0.0056 0.00570472
21 0.0117 0.0058 0.00590846
22 0.0121 0.006 0.0061122
23 0.0126 0.0062 0.00631594
24 0.013 0.0065 0.00662155
25 0.0134 0.0067 0.00682529
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26 0.0138 0.0069 0.00702903
27 0.0142 0.0071 0.00723277
28 0.0146 0.0073 0.00743651
29 0.015 0.0075 0.00764025
30 0.0154 0.0076 0.00774212
31 0.0158 0.0078 0.00794586
32 0.0161 0.008 0.0081496
33 0.0165 0.0082 0.00835334
34 0.0169 0.0084 0.00855708
35 0.0172 0.0085 0.00865895
36 0.0176 0.0087 0.00886269
37 0.0179 0.0089 0.00906643
38 0.0182 0.009 0.0091683
39 0.0185 0.0092 0.00937204
40 0.0188 0.0093 0.00947391
41 0.0191 0.0095 0.00967765
42 0.0194 0.0096 0.00977952
43 0.0197 0.0098 0.00998326
44 0.02 0.0099 0.01008513
45 0.0203 0.01 0.010187
46 0.0205 0.0102 0.01039074
47 0.0208 0.0103 0.01049261
48 0.0211 0.0104 0.01059448
49 0.0213 0.0106 0.01079822
50 0.0216 0.0107 0.01090009
51 0.0218 0.0108 0.01100196
52 0.022 0.0109 0.01110383
53 0.0223 0.011 0.0112057
54 0.0225 0.0111 0.01130757
55 0.0227 0.0112 0.01140944
56 0.0229 0.0113 0.01151131
57 0.0231 0.0114 0.01161318
58 0.0234 0.0115 0.01171505
59 0.0235 0.0116 0.01181692
60 0.0237 0.0117 0.01191879
61 0.0239 0.0118 0.01202066
62 0.0241 0.0119 0.01212253
63 0.0241 0.0119 0.01212253
64 0.0244 0.0121 0.01232627
65 0.0246 0.0121 0.01232627
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66 0.0248 0.0122 0.01242814
67 0.0249 0.0123 0.01253001
68 0.0251 0.0124 0.01263188
69 0.0252 0.0124 0.01263188
70 0.0254 0.0125 0.01273375
71 0.0255 0.0126 0.01283562
72 0.0257 0.0126 0.01283562
73 0.0258 0.0127 0.01293749
74 0.0259 0.0127 0.01293749
75 0.026 0.0128 0.01303936
76 0.0261 0.0129 0.01314123
77 0.0263 0.0129 0.01314123
78 0.0264 0.013 0.0132431
79 0.0265 0.013 0.0132431
80 0.0266 0.0131 0.01334497
81 0.0267 0.0131 0.01334497
82 0.0268 0.0132 0.01344684
83 0.0269 0.0132 0.01344684
84 0.027 0.0132 0.01344684
85 0.0271 0.0133 0.01354871
86 0.0271 0.0133 0.01354871
87 0.0272 0.0134 0.01365058
88 0.0273 0.0134 0.01365058
89 0.0273 0.0134 0.01365058
90 0.0274 0.0134 0.01365058
91 0.0275 0.0135 0.01375245
92 0.0275 0.0135 0.01375245
93 0.0276 0.0135 0.01375245
94 0.0277 0.0136 0.01385432
95 0.0277 0.0136 0.01385432
96 0.0278 0.0136 0.01385432
97 0.0278 0.0136 0.01385432
98 0.0278 0.0136 0.01385432
99 0.0279 0.0137 0.01395619
100 0.0279 0.0137 0.01395619
101 0.028 0.0137 0.01395619
102 0.028 0.0137 0.01395619
103 0.028 0.0137 0.01395619
104 0.0281 0.0137 0.01395619
105 0.0281 0.0137 0.01395619
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106 0.0281 0.0137 0.01395619
107 0.0281 0.0137 0.01395619
108 0.0281 0.0138 0.01405806
109 0.0282 0.0138 0.01405806
110 0.0281 0.0138 0.01405806
111 0.0282 0.0138 0.01405806
112 0.0282 0.0138 0.01405806
113 0.0282 0.0138 0.01405806
114 0.0282 0.0138 0.01405806
115 0.0282 0.0138 0.01405806
116 0.0282 0.0138 0.01405806
117 0.0282 0.0137 0.01395619
118 0.0282 0.0137 0.01395619
119 0.0282 0.0137 0.01395619
120 0.0282 0.0137 0.01395619
PART-IIIGUARANTEE & LETTER OF CREDIT
Service Charges in Rs. (Incl. of all taxes)
A) Charges for Guarantee
1.Commission on issuance of Guarantee (Period including claim period) Proposed
Particulars
Effective from
1st May,2009
(i) Performance Guarantee Rs.170 + 2.20% p.a. (Min. 170 +1.10% charges for 2 quarters)Rs.170 + 2.20% p.a.(Min. 170 +1.10%charges for 2 quarters)
(ii) Other Guarantees (Including issuance of letter of comfort forbuyers credit
Rs.170 + 3.30% p.a. (Min. 170 + 1.65% charges for 2 quarters)Rs.170 + 3.30% p.a.(Min. 170 + 1.65%charges for 2 quarters)
Note :
a) Charges are t o be recovered upfront for the full period including the claim period unless otherwise sanctioned by the competent authority.
b) Guarantee for the period beyond six months would attract commission, reckoning the part period of guarantee beyond 6 months in termsof completed quarters. (For a performance guarantee issued for 16 months, guarantee commission for 1 year should be levied @ Rs.170+2.20 p.a. and for the remaining 4 months commission should be levied @ 0.55% per quarter for 2 quarters by reckoning 4 months as twoquarters.)
c) Additional commission at applicable rate will be levied on the ex tended period of guarantee due to restraint imposed by court order.
2. Refund of guaranteecommission
No refund if the purpose for which the guarantee was issued is served and the original guarantee is returnedfor cancellation before the expiry date. If the purpose for which guarantee was issued is not served, 50%of original rate for the unexpired period less 1 quarter will be refunded. (Guarantee with an unexpired periodof 10 months is tendered for cancellation, refund will be calculated for 7 months @ 50% of originalcommission.)
3. Renewal / Extension ofGuarantee
Same charges as applicable for issuance of fresh guarantee. However, for the claim period, no charge to belevied if the renewal is effected before the expiry date of the original guarantee.
4. Guarantees secured by100% term depositincluding third partydeposits of our Bank
Rs.170 + 25% of normal commissionIf the B.G is secured by 100% CASA deposit full comission shall be waived
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B) Charges for Inland Letter of Credit
Particulars
Effective from
1st May,2009
1. LC Opening Charges
Following charges with a min. of Rs.750/-should be levied
Following charges with a min. of Rs.750/- should be levied
a) Usance Charge : 2.20% p.a. for theusance period (complete month or partthereof). In case of sight bills / usance for less
than 1 month, minimum one month chargesAnd
a) Usance Charge : 2.20% p.a. for the usance period (complete month or partthereof). In case of sight bills / usance for less than 1 month, minimum one month
charges And
b) Commitment Charge : For the period ofliability (from the date of opening of credit tothe last date of its validity) @ 1.10% p.a. witha minimum period of 1 month or part thereof.
b) Commitment Charge : For the period of liability (from the date of opening ofcredit to the last date of its validity) @ 1.10% p.a. with a minimum period of 1month or part thereof .
2. Extension of validity period
An extension may be allowed free ofcommitment charge, if such extension does notrun to next month, otherwise a fresh charge of1.10% p.a. for a minimum period of 1 monthwith a min. of Rs. 750/-.
An extension may be allowed free of commitment charge, if such extension doesnot run to next month, otherwise a fresh charge of 1.10% p.a. f or a minimumperiod of 1 month with a min. of Rs.750/-.
3. Increase in amount of creditBoth usance and commitment charge onadditional amount at applicable rate with aminimum charge of Rs.750/-.
Both usance and commitment charge on additional amount at applicable rate with aminimum charge of Rs.750/-.
4. Other amendments (otherthan by way of ex tension ofvalidity period or increase in thevalue of LC)
Flat commission of Rs.750/- Flat commission of Rs.750/-
5. Revolving LC
Same as per LC opening charges (usance +Commitment) + on each reinstatement usancecharges 2.20% p.a. according to tenor andcommitment charge of 1.10% p. a. onreinstated amount.
Same as per LC opening charges (usance + Commitment) + on each reinstatementusance charges 2.20% p.a. according to tenor and commitment charge of 1.10%p.a. on reinstated amount.
Min. 750/-. Min. 750/-.
6.Adv ising of LCs opened bycorrespondent Banks
Rs.735/- Rs.735/-
7. Advising of amendments Rs.490/- per amendment Rs.490/- per amendment
8. Confirmation of LC As applicable to LC opening charges. As applicable to LC opening charges.
9. Transfer Charge Rs.735/- per transfer. Rs.735/- per transfer.
10. Acceptance Commission
On all LCs established by other banks callingfor usance drafts to be drawn on and acceptedby our Bank, an acceptance commission @2.20% p. a. with a min. of Rs.750 shall becharged.
On all LCs established by other banks calling for usance drafts to be drawn on andaccepted by our Bank, an acceptance commission @ 2.20% p.a. with a min. ofRs.750 shall be charged.
11.Bills received under LC 0.22% flat. 0.22% flat.
12. Negotiation charges (inaddition to interest f rom d/onegotiation to d/oreimbursement)
For bills upto Rs.2.50 lacs 0.44% with a min.Rs.750/-
For bills upto Rs.2.50 lacs 0.44% with a min. Rs.750/-
For bills over Rs.2. 50 lacs 0.28% with a min.
Rs.1500/- plus discount at applicable rate ofinterest from the date of negot iation to thedate of reimbursement.
For bills over Rs.2. 50 lacs 0.28% with a min. Rs.1500/- plus discount atapplicable rate of interest from the date of negot iation to the date ofreimbursement.
1.Negotiation charges and interest thereon areto be collected for the LCs established by otherbanks. In such case, collection charges shouldnot be levied.
1.Negotiation charges and interest thereon are to be collected for the LCsestablished by other banks. In such case, collection charges should not be levied.
2.In case of LCs established by our Bankbranches only collection charges are to becollected and interest as per rating should becollected for the usance period. In case ofsight documents interest for a maximum periodof 15 days should be collected subject to a
minimum of Rs.750 -.
2.In case of LCs established by our Bank branches only collection charges are to becollected and interest as per rating should be collected for the usance period. Incase of sight documents interest for a maximum period of 15 days should becollected subject to a minimum of Rs.750/-.
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13. Guarantees on account ofdiscrepancies in documentsunder LC
1. If payment received under reserve iscredited to beneficiarys account 0.25% witha min. of Rs.750/-
1. If payment received under reserve is credited to beneficiarys account 0.25%with a min. of Rs .750/-
2. If payment received under reserve at therequest of the customer is not parted with nocharges.
2. If payment received under reserve at t he request of the customer is not partedwith no charges.
When called upon to refund payment made tothem under reserve, Banks will pay to thenegotiating bank the face va lue of the billtogether with interest at the commercial rateof the negotiating banks plus charges.Interest / charges, if any, would be forcustomer/s a/c.
When called upon to refund payment made to them under reserve, Banks will payto the negotiating bank the face value of the bill together with interest at thecommercial rate of the negot iating banks plus charges. Interest / charges, if any,
would be for customer/s a/c.
14. LC secured by 100% cashmargin / term deposit
25% of normal charges in respect of LCopening charges subject to a minimum ofRs.750/-
25% of normal charges in respect of LC opening charges subject to a minimum ofRs.750/-
15. Issuance of certificate tobeneficiary
No charge for attestation of commercialinvoices at the time of negotiation / collection.On subsequent occasions Rs.20.00 perinvoice, minimum Rs.50.00.
No charge for attestation of commercial invoices at the time of negotiation /collection. On subsequent occasions Rs.20.00 per invoice, minimum Rs.50.00.
16. Clean Payment receivedunder LC.
Flat Charge of Rs. 200/- to Beneficiarysaccount.
Flat Charge of Rs.200/- to Beneficiarys account.
Annexure - 1
In case of prepayment of instalment(s), prepayment charges shall be levied on the prepaid amount at the following rates.
Rates for Prepayment Charges
Remaining Period in months Term loan accounts with concessional rate of interest (Rate 1) Term loan accounts without any concessional rate of interest(Rate 2)
1 0.07% 0.03%
2 0.13% 0.06%
3 0.19% 0.10%
4 0.26% 0.13%
5 0.32% 0.16%
6 0.38% 0.19%
7 0.44% 0.22%
8 0.50% 0.25%
9 0.56% 0.28%
10 0.61% 0.31%
11 0.67% 0.33%
12 0.72% 0.36%
13 0.78% 0.39%
14 0.82% 0.41%
15 0.88% 0.44%
16 0.93% 0.46%
17 0.98% 0.49%
18 1.02% 0.51%
19 1.07% 0.53%
20 1.12% 0.56%
21 1.17% 0.58%
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22 1.21% 0.60%
23 1.26% 0.62%
24 1.30% 0.65%
25 1.34% 0.67%
26 1.38% 0.69%
27 1.42% 0.71%
28 1.46% 0.73%
29 1.50% 0.75%
30 1.54% 0.76%
31 1.58% 0.78%
32 1.61% 0.80%
33 1.65% 0.82%
34 1.69% 0.84%
35 1.72% 0.85%
36 1.76% 0.87%
37 1.79% 0.89%
38 1.82% 0.90%
39 1.85% 0.92%
40 1.88% 0.93%
41 1.91% 0.95%
42 1.94% 0.96%
43 1.97% 0.98%
44 2.00% 0.99%
45 2.03% 1.00%
46 2.05% 1.02%
47 2.08% 1.03%
48 2.11% 1.04%
49 2.13% 1.06%
50 2.16% 1.07%
51 2.18% 1.08%
52 2.20% 1.09%
53 2.23% 1.10%
54 2.25% 1.11%
55 2.27% 1.12%
56 2.29% 1.13%
57 2.31% 1.14%
58 2.34% 1.15%
59 2.35% 1.16%
60 2.37% 1.17%
61 2.39% 1.18%
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62 2.41% 1.19%
63 2.41% 1.19%
64 2.44% 1.21%
65 2.46% 1.21%
66 2.48% 1.22%
67 2.49% 1.23%
68 2.51% 1.24%
69 2.52% 1.24%
70 2.54% 1.25%
71 2.55% 1.26%
72 2.57% 1.26%
73 2.58% 1.27%
74 2.59% 1.27%
75 2.60% 1.28%
76 2.61% 1.29%
77 2.63% 1.29%
78 2.64% 1.30%
79 2.65% 1.30%
80 2.66% 1.31%
81 2.67% 1.31%
82 2.68% 1.32%
83 2.69% 1.32%
84 2.70% 1.32%
85 2.71% 1.33%
86 2.71% 1.33%
87 2.72% 1.34%
88 2.73% 1.34%
89 2.73% 1.34%
90 2.74% 1.34%
91 2.75% 1.35%
92 2.75% 1.35%
93 2.76% 1.35%
94 2.77% 1.36%
95 2.77% 1.36%
96 2.78% 1.36%
97 2.78% 1.36%
98 2.78% 1.36%
99 2.79% 1.37%
100 2.79% 1.37%
101 2.80% 1.37%
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102 2.80% 1.37%
103 2.80% 1.37%
104 2.81% 1.37%
105 2.81% 1.37%
106 2.81% 1.37%
107 2.81% 1.37%
108 2.81% 1.38%
109 2.82% 1.38%
110 2.81% 1.38%
111 2.82% 1.38%
112 2.82% 1.38%
113 2.82% 1.38%
114 2.82% 1.38%
115 2.82% 1.38%
116 2.82% 1.38%
117 2.82% 1.37%
118 2.82% 1.37%
119 2.82% 1.37%
120 2.82% 1.37%
PART - IVSchedule of Revised Service Charges on External Trade/Forex Business
(Inclusive of all taxes)
Will effective from 1st April 2012 Will effective from 1st April 2012
Description Pre Tax Hike Post Tax Hike
EXPORTS
Foreign Currency Credit (PCFC/EBR)
0.185% per month or part thereof (On Rupeeequivalent amount to be recovered in Rupees.)Branch should realize actual out of pocket expenses'incurred subject to minimum ofRs. 1000.00
0.188% per month or part thereof (On Rupeeequivalent amount to be recovered in Rupees.)Branch should realize actual out of pocket expenses'incurred subject to minimum of Rs. 1019.00
GM (T & IW), GM (FC) and GM (MC) will review it fromtime to time and decide about rev isions, if any required.
GM (T & IW), GM (FC) and GM (MC) will review it fromtime to time and decide about rev isions, if any required.
For each foreign currency & rupee bill Purchased/Negotiated
0.15%, subject toMinimum Rs.500/-and MaximumRs.6000/-
0.15%, subject toMinimum Rs.509/-and MaximumRs.6112/-
Concerned sanctioning autthorities, in deserv ing cases,may reduce the maximum charges toRs. 4,000/- the reason for allowing the concessions aretobe duly recorded.
Concerned sanctioning autthorities, in deserv ing cases,may reduce the maximum charges toRs. 4,075/- the reason for allowing the concessions aretobe duly recorded.
Forwarding export document to another AD towhom LC is restricted/LC is confirmed by thelatter.
0.140%;subject to Minimum Rs.370/- and Maximum Rs.5500/-
0.143%;subject to Minimum Rs.377/- and Maximum Rs.5603/-
[Zonal Managers, in deserving cases, may reduce themaximum charges to Rs. 3,370/-, the reasons forallowing the concession are to be duly recorded]
[Zonal Managers, in deserving cases, may reduce themaximum charges to Rs. 3,370/-, the reasons forallowing the concession are to be duly recorded]
Reimbursement charges under LC Negotiated up-to
Rs. 850/- Rs. 866/-
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.Over Rs. 5 lacs
Rs.1125/- Rs.1146/-
Joining in customer guarantees/ indemnities onbehalf of customers to other banks in India inrespect of discrepancies in documents negotiatedunder credit.
0.10 % Minimum Rs.300/- 0.10 % Minimum Rs.306/-
In case of overdue export bills purchased /discounted/ negotiated where proceeds are notreceived in nostro account on or before the duedate.
Negotiated upto Rs. 2 lacs - Rs.350/- per quarter or part thereof per bill. Rs.356/- per quarter or part thereof per bill.
Over Rs.2 lacs - Rs.675/- per quarter or part thereof per bill. Rs.688/- per quarter or part thereof per bill.
EXPORT BILL FOR COLLECTION
Export Collect ion Bills sent through us 0.10% (Minimum Rs.575/-, Maximum Rs.5,600/-) 0.10% (Minimum Rs.586/-, Maximum Rs.5,705/-)
Where permitted by RBI, when the entire set ofexport documents have been sent by the exporterdirectly to the overseas buyer
0.10% (Minimum Rs.575/-, Maximum Rs.5,600/-) 0.10% (Minimum Rs.586/-, Maximum Rs.5,705/-)
In case of overdue bills sent on collection wherethe proceeds are not received in India on orbefore the due date, additional commission shallbe charged as :
Upto 2 lacs Rs. 300/- per quarter or part thereof per bill Rs. 306/- per quarter or part thereof per bill
Over Rs. 2 lacs0.125% per quarter or part t hereof per bill (MaximumRs.575/- per quarter or part thereof per bill)
0.127% per quarter or part t hereof per bill (MaximumRs.586/- per quarter or part thereof per bill)
(Not applicable in case of bills drawn on countrieswith externalisation problems but paid in localcurrency and the exporter has obtained necessaryapproval from Reserve Bank of India forextension)
Where bank charges are to be recovered from the
drawee but are refused by them.
Such charges are to be recovered from drawer. Such charges are to be recovered from drawer.
COMMISSION IN LIEU OF EXCHANGE
Where preshipment advance has been granted byan Authorised Dealer against a letter ofcredit/export order but the documents under therelative letter of credit/export order arenegotiated through another bank.
0.10%(Minimum Rs. 350/-)
0.10%(Minimum Rs. 357/-)
Where the proceeds of an export bill negotiatedby an authorized dealer are paid in foreigncurrencies to another Authorized dealer.
0.17%(Minimum Rs 575/-)
0.17%(Minimum Rs 586/-)
Where an export bill sent for collection abroad byone authorised dealer but the payment is receivedin Rupees through another authorised dealer inIndia.
0.17%(Minimum Rs 575/-)
0.17%(Minimum Rs 586/-)
Where an export bill is negotiated/ purchased/sentfor collection and the proceeds thereof arecredited to foreign currency (EEFC) account inpart or in full, on the foreign currency amountcredited to EEFC account.
0.17%(If money is kept with us, no charges will be levied.)
0.17%(If money is kept with us, no charges will be levied.)
Any export bill on which no exchange benefit
accrues to the Bank including cases wherecontract is booked with another AD.
0.17%
(Minimum Rs 575/-)
0.17%
(Minimum Rs 586/-)
Deemed export bills in foreign currency as def inedby Reserve Bank of India/Exim Policy from time to
0.17%(Minimum Rs 575/-)
0.17%(Minimum Rs 586/-)
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time.
Advising Letters of Credit Rs.575/- for customers Rs.586/- for customers
Rs.1100/- for non customers Rs.1121/- for non customers
Advising Amendment Rs. 350/- Rs. 357/-
for non customers Rs. 575/- for non customers Rs. 586/-
Confirmation charges
Commitment Charges 0.19% for every quarter or part thereof 0.19% for every quarter or part thereof
Usance charges0.17% per month or part thereof for bills upto onemonth
0.17% per month or part thereof for bills upto onemonth
0.28% for bills more than one month and upto threemonths
0.28% for bills more than one month and upto threemonths
0.35% for first three months + 0.10% per month inexcess of three months for bills over three months.
0.35% for first three months + 0.10% per month inexcess of three months for bills over three months.
For individual transaction above Rs. 3 crores, chargeswill be 1/4th of the normal charges on the incrementalamount above Rs 3 crores.
For individual transaction above Rs. 3 crores, chargeswill be 1/4th of the normal charges on the incrementalamount above Rs 3 crores.
(25% concession may be given to customers rated A &above for amount upto Rs 3 Crores)
(25% concession may be given to customers rated A &above for amount upto Rs 3 Crores)
Transfer of LC Rs. 575/-for each transfer and Rs. 586/-for each transfer and
Rs. 350/- for each amendment Rs. 357/- for each amendment
Acceptance commission for accepting drafts drawnon and accepted by the Banks in India
0.17% p.m. 0.17% p.m.
Issuance of Certificate / Attestation in respect ofExport transaction.
RS. 250/- each RS. 255/- each
IMPORT
Opening of LC including Stand by LC
Commitment Charges 0.17% for every quarter or part thereof 0.17% for every quarter or part thereof
Usance charges 0.20%(Minimum Rs.500/-) For bills upto 10 days sight 0.20%(Minimum Rs.509/-) For bills upto 10 days sight
0.40% for bills over10 days and up to3 months sight
0.41% for bills over10 days and up to3 months sight
0.40% for the first three months plus 0.1% for month in
excess of three months for bills over 3 months sight
0.41% for the first three months plus 0.1% for month i
excess of three months for bills over 3 months sight
For individual transaction over Rs.3 crore charges will beat 1/4th of the normal rate as specified above on theincremental amount above Rs. 3 crore.
For individual transaction over Rs.3 crore charges will bat 1/4th of the normal rate as specified above on theincremental amount above Rs. 3 crore.
(25% of concessionmay be given to the customers rated 'A' & above foramount upto Rs. 3 crores)In case of L/C established against 100% cash/FDR assecurity ,charges will be 25 % of the normal charge.
(25% of concessionmay be given to the customers rated 'A' & above foramount upto Rs. 3 crores)In case of L/C established against 100% cash/FDR assecurity ,charges will be 25 % of the normal charge.
For the purpose of levying commitment andusance charges the total amount committedinclusive of interest amount and tolerance levelshall be reckoned
NOTE :- For Sight LC only commitment charge is tobe taken, but for Usance LC both commitment andusance charges are to be taken.
Bills not covered by LC paymentswhich will be setteled out of currencyLoans arranged abroad or foreign currency
0.20% MinimumRs. 1000/-
0.20% MinimumRs. 1019/-
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accounts(EEFC)
Amendment to LC
Extension of validity of LC within 3 months periodfor which the commitment charge has alreadybeen collected.
Rs 575/- Rs 586/-
Amendment extending the validity of the LCbeyond a 3 month period
Fresh commitment charge at the applicable rate perquarter or part thereof shall be recovered subject to aminimum of Rs. 575/-
Fresh commitment charge at the applicable rate perquarter or part thereof shall be recovered subject to aminimum of Rs. 586/-
Amendment of value of LCBoth commitment and usance charges are to berecovered f or the additional amount.
Both commitment and usance charges are to berecovered f or the additional amount.
Amendment for altering tenor of the billAdditional usance charges to be collected as appropriateon the outstanding liability.
Additional usance charges to be collected as appropriateon the outstanding liability.
Amendment to a LC other than extension of itsvalidity or enhancement of its value
Rs. 300/- Rs. 306/-
Revival of expired LC within 3 months from thedate of expiry.
Usance charges + commitment charge from the date oforiginal expiry upto the new validity period of therevived LC.
Usance charges + commitment charge from the date oforiginal expiry upto the new validity period of therevived LC.
Stand by letter of credit As per LC Charges As per LC Charges
REVOLVING LETTER OF CREDIT
Commitment charges
0.17% for every period of 3 months or part thereof onthe maximum amount of permissible drawings from thedate of establishment of LC to the last date of validity,subject to a minimum of Rs. 350/-.
0.17% for every period of 3 months or part thereof onthe maximum amount of permissible drawings from thedate of establishment of LC to the last date of validity,subject to a minimum of Rs. 357/-.
Usance charge 0.10% per month or part there of (Minimum Rs 280/-) 0.10% per month or part there of (Minimum Rs 285/-)
For individual transaction over Rs. 3 crores,charges will be at 1/4th of the normal rate asspecified above on the incremental amount aboveRs. 3 crores.
NOTE :- For Sight LC only commitment charge is tobe taken, but for Usance LC both commitment and
usance charges are to be taken.
(25% concession may be given to customers ratedA & above for amount upto Rs 3 Crores)
In case of L/C established against 100% cashDeposit as security charges will be 25% of normalcharge
Reinstatement charges
On each amount reinstated (from the date of thereinstatement to the date of subsequent reinstatementor the last date of validity as the case may be),commitment and usance charges as above are to berecovered.
On each amount reinstated (from the date of thereinstatement to the date of subsequent reinstatementor the last date of validity as the case may be),commitment and usance charges as above are to berecovered.
DEFERRED IMPORTS
LCs covering deferred import of goods 0.50 % per quarter or part thereof 0.50 % per quarter or part thereof
[Where LC amount ex ceeds Rs. 3 crores [Where LC amount ex ceeds Rs. 3 crores
- On the first Rs 3 crores, - On the first Rs 3 crores,
normal rate as above and for amount above Rs. 3crores 25% of the normal rate]
normal rate as above and for amount above Rs. 3crores 25% of the normal rate]
The competent authority at the time of sanctionwill stipulate whether the commission is to berecovered upfront or in specified instalments.
Extending validity within 3 months for whichcommission is already taken where validity periodfalls beyond 3 months.
Amendment commission of Rs. 500/- For anyamendment extending the validity of the Letter of creditbeyond 3 months period, commission at the applicablerate shall be recovered.
Amendment commission of Rs. 509/- For anyamendment extending the validity of the Letter of credibeyond 3 months period, commission at the applicablerate shall be recovered.
Commission on Import Bills under LCs: 0.15% 0.15%
Foreign currency bill at the t ime of crystallization
[If the bill amount exceeds Rs. 3 crores, normal charges
[If the bill amount exceeds Rs. 3 crores, normal charges
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or retirement, w ic ever is ear ier. .
the amount in excess of Rs 3 crores.] .
the amount in excess of Rs 3 crores.]
Import bill received under LC on which noexchange benefit accrues to the opening bankincluding cases where contract is booked withanother AD.
0.17% (Minimum Rs. 840/-) 0.17% (Minimum Rs. 856/-)
If the bill is not retired within 10 days f rom thedate of receipt of bills in case of demand bill andon the due date in case of usance bill.
Additional 0.17% Additional 0.17%
Charge in respect of discrepant documentreceived under LC
USD 50/- USD 51/-
Rupee Bill 0.28% with a minimum of Rs 850/- 0.28% with a minimum of Rs 866/-
[Where the bill amount exceeds Rs. 3 crores. Normalcharges upto Rs. 3 crores and 40% of Normal Chargefor the amount exceeds Rs. 3 crores.]
Commission on Import bills (not under LC)
On each bill drawn in Foreign currency, on whichthe collecting bank earns exchange benefit.
0.28% ( minimum of Rs 850/- and maximum Rs.56200) 0.28% ( minimum of Rs 866/- and maximum Rs.57251)
[For the bill amount exceeding Rs 3 crores, normalcharges upto Rs 3 crores and 40% of the normalc