SERVICE CHARGES AND INTEREST RATES AT A GLANCE
RBI FORMAT
1. DEPOSIT ACCOUNTS
NATURE
RATE OF INTEREST
Normal
Sr. Citizen
ACCOUNT
1 Savings Bank A/cs
A .Domestic
a. With Cheque book
facility
b. Without Cheque book
facility
c. No frills accounts
B. Non Resident
a. NRO
b. NRE
I.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
4.00% p.a.
Rural
MINIMUM BALANCE
Semi
Urban
urban
Rs.500/
Rs.100/
Rs.50/-
Rs.500/
Rs.100/
Rs.50/-
Rs.500/Rs.100/Rs.100/-
RevisedRates for Domestic Rupee Term Deposits w.e.f. 26.02.2014
(% p.a.)
For Deposits of
Less than Rs.1 Cr.
For deposits of Rs.1
Cr & above but less
than Rs.10 Cr
Rate
w.e.f.
24.02.14
Rate
w.e.f.
26.02.14
(No
Change)
Rate
w.e.f.
24.02.14
Rate
w.e.f.
26.02.14
(No
Change)
07 days to 14 days *
4.00
4.00
4.25
4.25
4.50
15 days to 30 days
4.50
4.50
4.75
4.75
31 days to 45 days
6.50
6.50
6.50
46 days to 90 days
6.75
6.75
91 days to 179 days
7.50
180 days to 269 days
Maturity
For deposits of
Rs.10 Cr & above
but less than Rs.
100 Cr
Existing
Revised
w.e.f.
Rate
24.02.14
w.e.f.
26.02.14
For deposits of
Rs.100 Cr & above
Existing
Rate
w.e.f.
24.02.14
Revised
Rate
w.e.f.
26.02.14
4.50
4.50
4.50
5.00
5.00
5.00
5.00
6.50
6.50
6.50
6.50
6.50
6.75
6.75
6.75
6.75
6.75
6.75
7.50
9.00
9.00
9.15
9.70
9.80
9.80
8.00
8.00
9.00
9.00
9.25
9.25
9.25
9.25
270 days to 364 days
8.00
8.00
9.00
9.00
9.25
9.25
9.25
9.25
1 Year
Above 1Year to 15
Months
Above 15 Months to
less than 2 Years
2 Years to less than 3
Years
3 Years to less than 5
years
5 years to less than 8
years
8 years and above up
to 10 Years
9.05
9.05
9.25
9.25
9.70
9.70
9.83
9.90
9.05
9.05
8.75
8.75
9.70
9.70
9.83
9.90
9.05
9.05
8.75
8.75
8.75
8.75
8.75
8.75
9.05
9.05
8.25
8.25
8.25
8.25
8.25
8.25
9.05
9.05
7.25
7.25
7.25
7.25
7.25
7.25
9.05
9.05
7.00
7.00
7.00
7.00
7.00
7.00
8.75
8.75
7.00
7.00
7.00
7.00
7.00
7.00
*Minimum Deposit Rs.1 Lac
II.
Interest rates on NRE Term Deposit Accounts – w.e.f. 25.11.2013.
(PERCENTAGE PER ANNUM)
Amount
less than
Rs.1 Cr
Revised
w.e.f
25.11.13
Period
1 Year
Above 1Yr<2Yrs
2Yrs < 3 Yrs
3Yrs < 5 Yrs
5Yrs < 7Yrs
9.05
9.05
9.05
9.05
9.05
Rs.1Cr & above
Rs.10 Cr and
Rs.100 Cr and
but less than
above but less
above
Rs.10 Cr
than Rs.100 Cr
Existing Revised Existing Revised Existing Revised
w.e.f
w.e.f
w.e.f
w.e.f
w.e.f
w.e.f
21.10.13 25.11.13 21.10.13 25.11.13 21.10.13 25.11.13
9.00
8.50
8.25
8.50
8.50
9.10
8.75
8.25
8.50
8.50
9.00
8.50
8.25
8.50
8.50
9.00
8.50
8.25
8.50
8.50
9.00
8.50
8.25
8.50
8.50
9.00
8.50
8.25
8.50
8.50
Note: Branches should note to take permission from Treasury Branch for
accepting deposits of more than Rs.100 crore in any bucket.
As per extant Reserve Bank of India guidelines the interest rates on FCNR (B), RFC
Deposits have been revised w.e.f. 01.02.2014based on the LIBOR / SWAP rates,
prevailing on the last working day of January, 2014 (as advised by FEDAI):
III.
Rate of Interest on FCNR (B) Term Deposits :-w.e.f. 01.02.2014:
MATURITY
A 1 YR TO < 2 YRS
B 2 YRS TO < 3 YRS
C 3 YRS TO < 4 YRS
D 4 YRS TO < 5 YRS
E 5 YRS (Max.)
USD
2.57
2.47
3.83
4.24
4.62
GBP
2.89
3.34
4.67
4.96
5.19
EURO
2.52
2.46
3.59
3.81
4.03
JPY
2.36
2.22
3.24
3.28
3.34
CAN$
3.44
3.28
4.47
4.71
4.94
AUS$
4.63
4.81
6.07
6.38
6.61
Note:
(1)
The rates are applicable to fresh and renewed deposits from the respective
effective date.
(2)
The rates of interest are subject to change at any time as per RBI/ Bank’s
policy.
RETAIL LOANS – INTEREST RATES W.E.F. 20.01.2014
(All loans at floating ROI, p.a. at monthly rests except otherwise mentioned)
RATE OF INTEREST
PROCESSING CHARGES
1. Housing Loan Up to
> Rs.30 lacs >Rs.75
For Individuals –
Rs.30
below Rs.75 lacs
lacs
lacs
For all loans amounts:Floating Category
0.25 % of loan amount
Up to 5 years
10.20
10.30
10.45
Min. Rs. 1,000/- Max. Rs. 20,000/(All rates incl. ST.)
More than 5 yrs.
10.20
10.30
10.45
and up to 10 yrs.
For Partnership firms and Corporates:
More than 10
10.20
10.30
10.45
Processing charges to be double that of
yrs&upto 15 years
applicable to individuals.
Above 15 years
10.20
10.30
10.45
Fixed Rate of
Interest
2.
3.
For Rural areas:Processing charges 75% of that
applicable to individuals in respect of
loan availed by borrowers from rural
branches.
Not Offered
Star Personal Loan Scheme
I.
Fully Secured
14.20
II.
Clean/Unsecured
15.20
III.
Financing secured under tie up
14.20
arrangements
IV.
For Senior Citizen aged 60 years & above
for Loans Upto Rs.50,000/13.20
Int. concession to women beneficiary in respect of
(i) & (ii) above 0.50%p.a.
Star Pensioner Loan Scheme
For Clean / Secured
2.00 % over Base Rate
Advance
Presently 12.20 %
(In case of availability of liquid
collateral security over 25 % of
loan
amountInterest
concession to be extended
@1bps for 1% security Max.
100 bps.)
4.
Vehicle Loan
RATE OF INTEREST
Repayment
a
For New vehicles
Upto 7 years
(Four Wheelers)
(Irrespective of
Tenure)
b
For Old vehicles
(Four Wheelers)
C
Two Wheelers
10.65 %
Maximum
Repayment
period 3 years
11.45 %
Maximum
repayment
period 5 years
14.20 %
One time 2.00% of loan amount
Min. Rs.1,000/Max. Rs.10,000/-
Senior Citizen (60 years & above)
No Processing Charges
Pensioners:
One time 2.00% of loan amount
Min. Rs. 500/- Max.Rs.2,000/No Processing Charges for senior
citizens (60 years & above)
PROCESSING CHARGES
Loans up to Rs. 25,000/Loans > Rs. 25000 up to
Rs. 25 lacs
One time Rs. 1000/One time 1 % of loan
amount
Min. Rs. 2000/Max.Rs.10,000/Loans > Rs. 25 lacs
One time Rs. 15,000/In case of Partnership firms and Corporate
borrowers, processing charges will be double that
applicable to individuals.
No processing charges for Senior Citizen, Retired
Employees of the Bank and Pensioners drawing
Pension from the Bank.
For Rural areas:
Processing charges will be 75% of that applicable
to individual borrowers provided loan is availed by
borrowers from rural areas/ from rural branches.
5. i. Education Loans:up to Rs.7.50 lacs
Above Rs.7.50 lacs
13.20 %
12.70 %
No processing charges.
However, if there is change of institution either in domestic studies
or in foreign studies due to any reason, a processing fee of
Rs.250/- (Domestic studies) & Rs.500/- (Studies Abroad) is
leviable. In respect of loans for foreign study, letter of sanction
may be issued for obtaining VISA, upon recovery of processing
Concessions*:
a. for Girl Students: 0.50 % for loans charges of Rs.1,000/-. However, this can be refunded if the actual
up to Rs. 50,000/- and 1.00 % for loan is availed.
loans above Rs. 50,000/b. All students pursuing professional One time charges for any Deviations from the Scheme norms
courses ( Like Engineering /Medical including approval of courses outside scheme –
/Management etc.) are eligible for
Up to Rs.4.00 lacs
Rs. 500/0.50 % interest concession.
Over Rs.4.00 lacs up to Rs.7.50 lacs
Rs.1,500/*Maximum concession under (a) &
Over Rs.7.50 lacs up to Rs.20.00 lacs Rs.3,000/(b) is 1 % p.a.
ii.Star Vidya Loan:
For studies in India
10.70 %
NIL
Max. Rs. 20.00 lacs
0.50 % interest concession for Girl
students subject to base Rate
iii.
Star loan for 13.20 %
NIL
Vocational Studies
for Girl Students: 0.50 % for loans up to
Rs. 50,000/- and 1.00 % for loans above
Rs. 50,000/6. Star Loan against Property –
A. Individuals:
Salaried/
Self
Employed/Professional
11.70
Loan Up to Rs. 50 lacs
B. Others- Traders & Businessmen
1 .Loan up to Rs 100 lacs
11.70
2. Overdraft up to Rs. 200 lacs
Monthly Reducible
11.70
3. Non Reducible limit
12.20
One time @1 % of loan amount Min Rs. 5,000/Max Rs. 50,000/-
One time @1 % of loan amount Min Rs. 5,000/Max Rs. 50,000/a) 0.50 % of sanctioned Limit Min Rs.5, 000/- and Max
Rs. 30,000/- for 1st year at the time of original sanction.
b) 0.25 % of the Reviewed limit min Rs. 2,500/- and Max
Rs. 15000/- for subsequent years
0.50 % of the sanctioned /Reviewed limit min Rs. 5,000/and max. Rs. 30,000/- on annual basis
For Rural areas:
Processing charges will be 75% of those normal
applicable charges in respect of loans availed by
borrowers from rural areas from rural branches.
6. Access to own credit report – charges per report max. Rs.50/7. CERSAI registration Fees: As per Annexure I.
Annexure I
Table showing fees prescribed by CERSAI:
Sr.No.
1.
2.
3.
4.
5.
6.
Nature of transaction
to be Registered
Particulars of creation
or modification of
Security Interest in
favour of secured
creditors
Satisfaction of any
existing Security
Interest
Particulars of
Securitisation or
reconstruction of
financial assets
Particulars of
satisfaction of
Securitisation or
reconstruction
transactions
Any application for
information
recorded/maintained
in the register by any
person.
Any application for
condonation of delay
up to 30 days
Amount of fee payable
(without Service tax)
Rs.500 for creation and
for
any
subsequent
modification of Security
interest in favour of a
secured creditor for a
loan above Rs.5 Lakh.
For a loan below Rs.5
Lakh, the fee would be
Rs.250 for both creation
and
modification
of
security interest.
Rs.250/-
Amount of fees payable
inclusive of service tax
Rs.565/- for creation and for
any subsequent modification
of Security interest in favour
of a secured creditor for a
loan above Rs.5 Lakh. For a
loan below Rs.5 Lakh, the
fee would be Rs.285/- for
both
creation
and
modification
of
security
interest.
Rs.1000/-
Rs.1125/-
Rs.250/-
Rs.285/-
Rs.50/-
Rs.60/-
Rs.2500/- in case of
creation
of
security
interest for a loan up to
Rs.5 Lakh and Rs.5000/in all other cases.
Rs.2810/- in case of creation
of security interest for a loan
up to Rs.5 Lakh and
Rs.5620/- in all other cases
Rs.285/-
1. FEE BASED SERVICE CHARGES
w.e.f. 01.10.2012
a. LOCKERS :-
Type
of
Locker
REVISED SERVICE CHARGES
RENTALS OF SAFE DEPOSIT VAULT LOCKERS
FOR PUBLIC
Metropolitan Centre
Urban Centre
Semi-Urban & Rural
Centres
Revised
Concession for
Revised
Concession
Revised
Concession
1 year Advance
for 1 year
for 1 year
Payment
Advance
Advance
Payment
Payment
(Amt. in Rs.)
(Amt. in Rs.)
(Amt. in
(Amt. in Rs.)
(Amt. in
(Amt. in Rs.)
Rs.)
Rs.)
A
1000
20
800
20
700
20
B
1200
20
1000
20
850
20
C
1500
20
1200
20
1050
20
D
1350
20
1100
20
950
20
E
1800
20
1450
20
1250
20
F
2800
20
2250
20
1950
20
G
3000
20
2400
20
2100
20
H
3500
30
2800
30
2450
20
H1
1800
20
1450
20
1250
20
L
5000
60
4150
30
3500
30
L1
4500
30
3600
30
3150
30
b. CREDIT CARDS:Membership Fee *and entrance fee * Chart
Type Entrance Annual
fee
Membership fee*
Princi
Add-on
pal
India Card@
Credit
Nil
NIL
NIL
Taj Premium Card
Credit
Nil
800
400
BOI Navy Silver
Credit
Nil
350
175
BOI Navy Gold
Credit
Nil
NIL
NIL
Gold (Visa)
Credit
Nil
600
350
Gold International (Visa)
Credit
Nil
1500
800
* Service tax extra
Card
Description of Charges *
Finance charges / Interest
( Purchase/Cash)
Finance Charges if overdue
Cash Advances at our Branches
Cash advanced at our ATMs
Cash advance at other Bank ATM’s in India
Balance enquiry at Overseas ATM
Cash advance at Overseas ATM’s
Merchant transactions at Overseas
Late payment charges (per month)
Over the Credit Limit usage Charge
Cheque Return Charges
Petrol Transaction Charges
Railway Ticket Purchase or Cancellation Fee
Reissue of Lost, Stolen or Damaged Card
Amount
1.70% per month (APR 22.45% p.a. on daily
balances)
2.5% per month (APR 30% p.a. on daily
balances)
2.5% on advance amount (subject to a
minimum of Rs 50) for each transaction.
Interest on dues/overdue as described above
2% (minimum Rs. 50) for each transaction.
Interest on dues/overdue as described above
2.5% (Minimum Rs. 75) for each transaction.
Interest on dues/overdue as described above
Rs.25/2.5% (minimum Rs. 125) for each transaction
+ 2% currency conversion charges. Interest on
dues/overdue as described above
2% currency conversion charges in addition to
interest charges if any.
Rs. 100/= in addition to finance charges for
minimum payment due > Rs. 1000
Rs. 10/= for each transaction
Rs. 100/= per instrument
2.5%of transaction amount (Min Rs.10/) or
Actual charges claimed by the acquirer bank
Actual charges claimed by Railways / acquirer
bank
Rs100 for customers and Rs.50 for staff in
respect of India card
Rs.200 for public and Rs.100 for staff in
respect of Visa Gold International card and
Visa Gold card
All other cards replacement fees is Rs.200
PIN replacement charges
Copy of charge slip
Duplicate copies of bills
Hot Listing charges
Service Tax
Rs. 50/=per occasion
Rs. 100/= or actual charges whichever higher
Rs. 50/= per quarter
NIL
As applicable on all fees, interest and other
charges
c. DEBIT CARDS:
The annual maintenance charges for debit card holders w.e f 1.4.2010 is as
given below:
ATM cum Debit card charges
Charges for 1st year of usage
FREE
Charges for usage for subsequent year(s) and will be charged annually from the date of
issue of card.
Branches in Metro & Urban areas
Rs 100/Branches in Rural and semi Urban
Rs 50/Staff and Ex Staff
NIL/Savings Bank Account holder maintaining Rs 10000/- quarterly average NIL/balance in Rural and Semi Urban
Saving Bank Account holder maintaining Rs 25000/- quarterly average NIL/balance in Urban and Metro areas
Senior Citizens and Pensioners
NIL/-
THE REVISED CHARGES PAYABLE BY CUSTOMERS (FOR USING OTHER
BANK’S NETWORK) UNDER THE VARIOUS NETWORKS W.E.F 1.7.2011 ARE
AS FOLLOWS:
NETWORK
CASH
WITHDRAWAL
BANCS
STATE BANK OF INDIA
NATIONAL FINANCIAL SWITCH *
VISA-NATIONAL
VISA-INTERNATIONAL
MasterCard-National
MasterCard-International
RS. 20/RS. 20/RS. 20/RS. 20/RS. 125/Rs. 20/Rs. 125/-
REVISED
BALANCE INQUIRY
Rs.10/Rs.10/Rs.10/Rs.10/Rs.15/Rs.10/Rs. 25/-
d. DD/TT/MT : w. e. f. 05.08.2013
Issue of Demand Drafts
:-
UPTO Rs.10000/Non-Individuals : Rs.50/Individuals (Non-Rural) : Rs.40/Individuals (Rural) : Rs.30/ABOVE Rs.10000/- UPTO Rs.50000/Non-Individuals : Rs.200/Individuals (Non-Rural) : Rs.175/Individuals (Rural) : Rs.150/ABOVE Rs.50000/- UPTO Rs.1 LAC
Rs.4.00 per Rs.1000/- Min.Rs.225/ABOVE Rs.1 LAC
Rs.3.50 per Rs.1000/- Min.Rs.400/- Max.Rs.30000/NOTE - FOR STUDENTS : Issue of DDs upto Rs.1000/- : FREE
UPTO Rs.10000/Non-Individuals : Rs.75/Individuals (Non-Rural) : Rs.60/Individuals (Rural) : Rs.45/ABOVE Rs.10000/- UPTO Rs.50000/Non-Individuals : Rs.300/Individuals (Non-Rural) : Rs.265/Individuals (Rural) : Rs.225/NOTE - FOR STUDENTS : Issue of DDs upto Rs.1000/- : FREE
Upto Rs.100/- : Rs.20/Rs.100/- to Rs.500/- : Rs.40/Above Rs.500/- : Rs.100/Rs.100/-
Issue of DD against Cash
Revalidation/Cancellation of Drafts
Issuance of Duplicate Demand Draft
e. Outstation Cheque Collection
A. Service (Processing) Charges for Local Clearing
(by Clearing Houses from Member Banks)
Clearing at MICRCPCs
Cheque Truncation
Existing (Rs.)
Presenting
Drawee Bank
Bank
1.00
1.00
0.50
0.50
Revised (Rs.)
Presenting Bank
Drawee Bank
1.00
1.50
0.50
1.00
B. Service Charges outstation cheque collection
Collection of Cheques
a.Rs.500/- to Rs.5000/- : Rs.25/- per instr.
b.Above Rs.5000/- &upto & incl.Rs.10000/- : Rs.50/- per instr.
c.Above Rs.10000/- & upto & incldg. Rs.1 Lac : Rs.100/- per
instr.
d.Above Rs.1 Lac : Rs.150/- per instr.
(REVISED W.E.F. 17.06.2011)
Note : The above changes will be ALL inclusive. No additional charges such as courier charges, out of
pocket expenses, etc.(other than service tax) shall be levied from the customers.
Note : For collection between our bank and other banks, the commission will be shared on 50:50 basis,
i.e., each branch will charge 50% of the stipulated commission / service charges at its end.
Note : For Diamond Plus Current Account Customers, 50% Concession on Charges
C. Collection charges under Speed Clearing
(Charges applicable to speed clearing cheques deposited by customers of
the branch for clearing and presented by the branches in their outward
clearing as stipulated by RBI (speed clearing as introduced by RBI)
EXISTING
REVISED
Non-Individuals
Individuals
Value
Service Charges for all
customers
Non- Rural
Rural
Upto Rs.1 Lac –
Same
Same
Upto and including
Rs. NIL
Rs.NIL
Rs.1 Lac
Above Rs.1 Lac –
Same
Same
Above Rs.1 Lac
Rs.100/- per Instr.
Rs.150/- per
instrument
D.
Cheque Return Charges : w.e.f. 05/08/2013
Cheques Return Charges – Cheques drawn
on us
Local Cheques :
Upto Rs.10000/- : Rs.25/- per instrument
Rs.10000/- to Rs.1 Lac : Rs.100/- per instrument
Rs.1,00,001/- & above : Rs.150/- per instrument
Cheques/ Bills deposited – returned unpaid
Local & Outstation:
Upto Rs.10000/- : Rs.25/- per instrument
Rs.10000/- to Rs.1 Lac : Rs.100/- per instrument
Rs.1,00,001/- & above : Rs.150/- per instrument
E.
Cheque Book Issue :
Issue of MICR Cheque – SB
Rs.3/- per cheque leaf and 50 leaves free in a year
Issue of MICR Cheque– CD/CC/OD
Rs.3/- per cheque leaf;
F.
No Due Certificate :
NIL
NOTE :1. Concessions/ facilities offered under various deposit schemes to continue until further notice,
also concessions available for Staff and Ex-staff will continue.
2. Authority to offer concession in service charges to be exercised as per Branch Circular No. 98/26
of 21.05.2004 and 98/119 dtd.15.09.2004
3. Cash Deposit at other CBS branches will attract the same charges as given under ‘Cash
Handling Charges”
4. New locker rentals would be applicable from the date of renewal. If the locker rent falls in
arrears and is paid after the implementation of revised rates, the new/ revised
rates will be applicable.
5. If any bills are sent by our upcountry branches for collection, charges to be shared by the
branches in the ratio of 50:50. Postage will be actual.
6. Please refer to Br.cir.no.101/218 dtd.29.03.2008 SB Inoperative accounts.
7. Minimum Balance charges --- Item no.48 – - At present minimum balance charges are
applied monthly. If the customer is unable to maintain the prescribed minimum balance for two months,
the caution notice Should be issued and account should be closed after lapse of notice period.
f. RTGS / NEFT / ECS
Sl
No
52
:-
Item
REMITTANCES
RTGS - OUTWARD
Below Rs.2 Lacs
Rs.2 Lacs to Rs.5 Lacs
Above Rs.5 Lacs
RTGS -INWARD
Existing & Proposed - Fixed By RBI
NA
Rs.25/-+applicable time varying tariff subject to a
maximum of Rs.30/Rs.50/-+applicable time varying tariff subject to a
maximum of Rs.55/(refer Cir.Ltr.no.2011-12/110 dtd.05.10.2011)
NIL
NEFT
Upto Rs.1 Lac
Above Rs.1 Lac to Rs.2 Lac
Above Rs. 2 Lacs
- NIL- (as per Circular Letter No.2012-13/75 dtd.02/07/2012)
Rs.15/- Plus Service Tax per transaction
Rs.25/- Plus Service Tax per transaction
INWARD
NIL
ECS
INWARD : NIL FOR ALL CENTRES
Non-individuals :
Credit Clearing (per entry/item)
NCC Clearing House : No Charge
Destination Bank : No Charge
Sponsor Bank : Rs.5.50 (Min. Rs.2500/-)
Debit Clearing (per entry/item)
NCC Clearing House : No Charge
Destination Bank : No Charge
Sponsor Bank : Rs.4.00 (Min. Rs.2500/-)
NIL
ECS Returned
Rs.100/- per instrument
No charge
No Charge
Rs.5.50 (Min. Rs.2500/-)
No Charge
No Charge
Rs.4.00 (Min. Rs.2500/-)