SERVICE CHARGES FOR DEPOSIT ACCOUNTS
& OTHER MISCELLANEOUS ISSUES
1(A).
ISSUANCE OF DEMAND DRAFT/ BANKER’S CHEQUE/PAY ORDER
Amount Slab
Revised Rates(`)
Up to ` 5,000
` 25
Above ` 5,000 up to `10,000
` 40
` 3.00 per ` 1,000 or part thereof,
Above `10,000
Minimum ` 40, Maximum ` 15,000
Note:
i. In case of DD/BC/PO issued against cash, additional 50% charges will be levied.
ii. Postage/out of pocket expenses will be levied extra as the case may be.
1(B).
DUPLICATION/ REVALIDATION/CANCELLATION DD/BC/PO
Name of Items
Issuance of Duplicate /Revalidation/
Cancellation of DD/BC/PO
Revised Rates
10% of the Amount
(Rounded upto nearest Rupees)
Maximum ` 100 per Instrument
2.(A) COLLECTION OF OUTSTATION CHEQUES
Value
Savings A/c customers
Other customers
(`)
(`)
(per instrument)
Upto `5,000
25
25
Above `5,000 and upto `10,000
50
50
Above `10,000 and upto `1.00 Lac
100
100
Above ` 1 lac
150
150
Note: 1. The above charges will be all inclusive. No additional charges such as Courier
Charges, Out of Pocket Expenses should be levied from the customer.
2. For outstation cheques collected through another bank: Commission on 50:50
basis, i.e. remitting bank to charge 50% & collecting bank to charge 50% of the
applicable rate.
1
2. (B) COLLECTION OF CHEQUE UNDER SPEED CLEARING
Value
Service charges for
savings a/c customers
Service charges for current
a/c and other customers
Upto and including ` 1 lac
Nil
Nil
`150
`150
Above `1 lac
3.
COLLECTION OF BILLS
Name of the Items
Up to ` 10,000
` 100 per Instrument
Above `10,000
` 10 per ` 1,000 or part thereof, Maximum ` 30000
Note:
4.
Revised Rates
Actual Postage/out of pocket expenses will be levied extra.
HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID
Name of Items
Revised Rates
Local Cheques/Bills
` 75 per cheque for SB
` 150 per cheque for Other
`
Outstation Cheques/Bills
75 per Bill
`150 for All
Note: The above charges are to be realized under intimation to the party. Postage
will be realized extra.
5.
CLOSURE OF ACCOUNTS
Types of Account
Revised Rates
Savings Bank A/c
With Cheque Book
Without Cheque Book
With Cheque Book – `150
Current A/c
` 250
Without Cheque Book – `100
Note : @ The Service Charges are levied if the A/c. is closed within one year of opening,
2
excepting on the following case –
a)
Where Account is transferred to another branch,
b)
Opening of another A/c in joint names,
c)
Death of the A/c holder (Manually debited),
d)
Pensioner without Cheque Book. (Sr. Citizens now discontinued)
 At the time of closure of accounts within one year of the opening, if the balance available
is insufficient to cover up the above charges, the available balance in the account will be
forfeited and no extra amount to be claimed.
 No charges will be levied if the account is closed after one year of opening.
 Postage/Courier and out of pocket expenses to be realized on actual basis over and
above the Service Charges.
6.
(a) MINIMUM BALANCE CRITERIA FOR SAVINGS BANK ACCOUNT
Name of the Items
Revised Rates
` 500 for Rural/SU
With Cheque Book for general
` 1000 for Metro/Urban
With Cheque Book for pensioners
(concession to Senior Citizens to be discontinued)
Without Cheque Book for general
Nil
` 100 for Rural/SU
` 500 for Metro/Urban
Without Cheque Book for pensioners.
(concession to Senior Citizens to be discontinued)
Nil
(b) MINIMUM BALANCE CRITERIA FOR CURRENT ACCOUNT
Name of the items
7.
Revised Rates
Rural
Others
Individual
`1000
`3000
Others
`2500
`5000
PENAL CHARGES FOR FALL IN MINIMUM BALANCE
Name of Items
Revised Rates
(On Quarterly Average Balance basis)
` 75 per quarter – R/SU
Savings Bank with Cheque Book
`125 per quarter -others
` 30 per quarter- R/SU
Savings Bank without Cheque Book
` 60 per quarter-Others
Pensioners
SB with Cheque
SB without cheque
(facility to senior Citizens discontinued)
Nil
3
` 300 per quarter –R/SU
Current A/c : Individual
`450 Per quarter- other
` 300 per quarter –R/SU
Current A/c : Other
` 450 Per quarter- other
Note:
1. There is no charge to be levied in No frills SB Account. However, if the No Frills SB account is
converted into Normal SB account, the usual Service Charges would be applicable.
2. The above penal charges are to be realized under intimation to the party.
3. The above charges would be levied on Quarterly Average Balance (QAB).
1. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS
Name of the Items
Revised Rates
MICR Cheques:
Savings Bank A/c, Current, CC, OD A/c
Non-MICR Cheques:
Savings Bank A/C Current, CC, OD A/c
Multi-city Cheques
` 3.00 per Cheque leave
Note :
I.
only 20 instead of existing 60 cheque leaves will be allowed free to S.B.
individual A/c. holders in a calendar year. (Revised)
II.
For cheques for the purpose of Post Dated Cheques (PDC) for our bank, no
charges should be levied. However, for repayment of loans to other banks/FIs,
double of usual charges shall be realized.
9(A) LOCKER RENT:
Type
Inner Volume
(Cu. Inches)
Classification
Revised Rates
Metro/Urban Branch
A*
B
C*
D
HI
E
F*
G
H
L
539
859
1186
1337
1828
1878
2786
2844
3987
6297
Small
Medium
Medium
Medium
Large 1
Large 1
Large 2
Large 2
V.L
E.L
1100
1500
1800
2400
3000
3000
3600
3600
6000
7200
4
Semi Urban/ Rural
Branch
900
1200
1500
2000
2500
2500
3000
3000
5000
6000
9(B) DISCOUNTS FOR CUSTOMERS PAYING LOCKER RENT IN ADVANCE
Locker Rent paid in Advance
Revised Rates
If Locker Rent of 3 years paid in advance
Discontinued
If Locker Rent of 5 years paid in advance
9(C) PENAL CHARGES FOR LOCKER RENT IN DEFAULT
Size of Locker
Revised Rates
Small & Medium
` 50 per Quarter or part thereof
Large
` 75 per Quarter or part thereof
VL & EL
` 125 per Quarter or part thereof
Note :
a. In case of loss of keys, locker rent of one year plus actual cost of repairing to be realized.
b. The locker rents are to be realized in the 1st quarter of the financial year i.e. within 30th June.
Any default or not maintaining the requisite balance in the account will attract penalty charges
(excluding Staff members of the Bank).
10.
SAFE CUSTODY CHARGES
Name of Items
Revised rates
Scrips
` 100 per Scrip or part thereof, Minimum ` 200
Sealed Cover
` 500 per Cover
Sealed Boxes- 200 cu. Cm.
` 10000 per Box
Bank’s own Deposit Receipt
Nil
Note: Boxes above 200 cu. cm. type not to be accepted
11.
ISSUANCE OF SOLVENCY CERTIFICATES
Amount Slab
Revised Rates
5
12.
Up to `25 lacs
`10000
Above `25 lacs
` 25,000
ELECTRONIC FUND TRANSFER (NOT APPLICABLE NOW)
Amount Slab
Revised Rates
Up to `50,000
NOT APPLICABLE
Above `50,000
13.A
NATIONAL ELECTRONIC FUND TRANSFER (NEFT)
Revised Rates
Outward Remittances
Up to ` 1 Lac
` 5 per Transaction
Above `1 Lac to `2 Lac
`15 per transaction
Above `2 Lac
`25 per transaction
Inward Remittances
Any Amount
Nil
13.B
INDO-NEPAL NEFT REMITTANCE CHARGES
[I]
For beneficiaries maintaining accounts with Nepal State Bank Ltd. (NSBL):
For remittance from a bank account in India to a bank account with any branch of Nepal
State Bank Ltd., there shall be no charge i.e. the remittance is free of charge.
[II]
For beneficiaries not maintaining account with Nepal State Bank Ltd. (NSBL);
If the beneficiary is not maintaining any account with NSBL, and the funds are distributed
through the channel of the Agents of NSBL:
(i)
All remittances (cash remittances/ disbursements) up to INR. 5,000/-, a flat charge
of INR. 50/- inclusive of Service Tax for every remittance.
(ii)
Remittances (cash remittances/ disbursements) above INR. 5,000/- and up to INR.
50,000/- a flat charge of INR. 75/- inclusive of service tax.
These charges will be passed on to NSBL who in turn will share the same with the
6
affiliated Money transfer agencies.
The entire amount of charges collected from the remitter would be remitted to Nepal and
would form a part of the message format. Thus, the remitting banks in India originating
remittances under the scheme would transfer funds free of charge.
14.
REMITTANCE THROUGH ‘REAL TIME GROSS SETTLEMENT’ (RTGS)
Name of Items
Revised Rates
(per transaction)
Local Inward Remittance
All Inward Remittance - NIL
Outstation Inward Remittance
Local Outward Remittance
Outstation Outward Remittance
Nil
` 2 to `5 lacs
` 25
` 5 lacs & above
` 50
Note: Charges levied by RBI will be borne by banks and will not be realised from
customers.
15.1
ECS Charges for Credit Clearing
Number of Entries
Revised Rates
Up to 10,000 entries
` 3 per entry + RBI or Destination Bank Charges if any.
Above 10,000 up to 1 lac
entries
` 2 per entry + RBI or Destination Bank Charges if any.
Minimum ` 30,000
`1 per entry + RBI or Destination Bank Charges if any.
Above 1 lac entries
15.2
Minimum ` 2,00,000
ECS Charges for Debit Clearing
Name of the Items
Debit Clearing
Returning Charges on account
of insufficient funds
Income Tax Refund Orders
15.3
Revised rates
`1 per transaction + RBI or Destination Bank Charges
if any, Minimum ` 2,750
` 50 per entry SB
` 75 per entry from other types of accounts
Nil
ECS Charges for Sponsor Bank, Destination Bank and/or RBI
7
ECS Charges
Revised Rates
RBI or Destination Bank Charges if
Sponsor Bank
any, Minimum ` 2750
Charges payable to Destination Bank and/or RBI
16.
On actual basis, i.e. as waived/by
the guidelines of RBI
INTERNATIONAL DEBIT-Cum-ATM CARD SERVICE
Name of the Items
Revised Rates
Membership fee
Nil
Late Payment fee
Nil
Interest Charges
Nil
Annual fee
`100 per annum, (waived for 1st year)
Renewal Charges
`100
Card Replacement Charges
`100
For Duplicate PIN
Nil
Transaction Charge for using Bank’s Own ATM
Nil
Transaction Charge for Partner Banks in India
connected through NFS/VISA Network
Nil for Cash Withdrawal and/or
Balance Enquiry
Transaction Charge for Banks connected through
VISA Network (Abroad)
`125 for Cash Withdrawal & ` 30 for
Balance Enquiry
Nil
Point of Sale (POS) Transaction Charges
Using Card at Petrol Pumps
2.50% or `10 Minimum
Using Card for Railway Ticket Reservations
2.50%
NFS MEMBER BANKS
ALLAHABAD
2
DEVELOPMENT
CREDIT BANK
3
1
BANK
4
ANDHRA BANK
5
ICICI BANK
6
7
AXIS BANK
8
IDBI BANK
9
8
KAUR VYSYA BANK
ORIENTAL BANK OF
COMMERCE
PUNJAB NATIONAL BANK
10
13
16
19
22
25
BANK OF
BARODA
BANK OF
MAHARASTRA
CANARA BANK
CATHOLIC
SYRIAN BANK
CITY UNION
BANK
CORPORATION
BANK
11
14
17
20
23
26
28
DENA BANK
29
31
YES BANK
32
INDIAN BANK
INDIAN OVERSEAS
BANK
INDUSIND BANK
JAMMU KASHMIR
BANK LTD.
KARNATAKA BANK
STATE BANK OF
INDIA
UNION BANK OF
INDIA
BANK OF INDIA
9
12
15
18
21
SOUTH INDIAN BANK
TAMILNAD MERCATILE
BANK
THE COSMOS COOPERATIVE BANK LTD.
THE DHANALAKSHMI
BANK LTD.
24
HDFC BANK
27
UNITED BANK OF INDIA
30
VIJAYA BANK
17. OTHER ITEMS:
Name of Items
Issuance of Duplicate Pass
Book/Statement
Ledger Folio Charges for CT A/c,
CC A/c & OD A/c
Issuance of additional Statement of
Accounts for CT A/c, CC A/c & OD
A/c
Remittance against Tender of
Cash/DD/BC/PO
Issuance of Call Deposit Receipts
Revised Rates
`50 Latest entry
`60 for previous Entry/40 entries (per page)
`60 per 40 entries
`100 per Additional Statement
1 month free
50% over & above normal rate
Nil
Standing Instructions (SI)
`35/- per transaction – other Branch.
Note: If the standing instructions could not be carried out
for insufficient balance in the account the charge of `35/is to be levied.
Free of charge: i) Crediting / Remitting interest in Term Deposits.
ii) Crediting/remitting Recurring Deposit installments.
iii)Crediting/ remitting installment in Loan a/c.
Stop Payment Instructions
` 50 for SB per instrument
` 75 for others per Instrument
Max. ` 300
Issuance of Travelers’ Cheques
` 0.50 per `100, Min `10
Issuing certificates pertaining to
securities/ list of securities lodged
` 100 per certificate or list
Issue of No-dues certificate/balance
confirmation
` 50 per Certificate
Nil (if within the Service Area)
Attestation of customer’s signature
on share transfer form/LIC Policy/UTI ` 50 per certificate or list
certificates etc.
Photo Attestation
` 50 per certificate
Turnover commission on Govt.
Business.(viz. CBEC, CBDT etc)
@ 09 Paise per ` 100,
`45/ per challan for Tax collection
`60/ per entry (pension)
Handling/Incidental Charges for Inoperative/ Dormant SB A/c
Handling/Incidental Charges for Inoperative/ Dormant Current A/c (If
balance is below `50,000)
Collection of Deposit receipts on
maturity from Other Bank
Nil
`75 per half year
Collecting bank shall levy charges as applicable to
remittances. In case of local collection, charges as
applicable to Bankers’ Cheque, be levied
10
Name of Items
Revised Rates
Sharing of commission when Commission on 50:50 basis, i.e. remitting bank to charge
instrument is collected through 50% & collecting bank to charge 50% of the applicable
branch of another bank
rate.
Loss of Token
` 100 per token
Presentation of Usance Bills for
acceptance
` 100 per Bill
Enquiry relating to old record
(Enquiry upto 12 months old – Free)
Enquiry above 1 year upto 3 yrs `100
Above 3 yrs but upto 5 years ` 200
Above 5 yrs ` 500
Penalty charges for depositing
delayed installments in R/D account
`1.50 per `100 per month upto 5 years
`2.00 per `100 per month-more than 5 years
`100 per 1000 pieces of currency notes of any
denomination
Deposit of cash in bulk
Selling of Prospectus & Application
Forms for Educational Institutions /
Housing Boards / Other
Organizations
To be negotiated with the corresponding Institution/
Board/others at the Zonal Office Level on case to case
basis
18. SERVICE CHARGES OF ‘ANYWHERE BANKING FACILITY’
Parameter
Financial Transactions
Cash Deposit
Slab
Revised
Upto 25000
Above 25000
Cash Withdrawal
Upto 25000
Above 25000
Transfer of funds (to be Upto 1 lac
debited from drawee’s Above 1 lac upto 2 lac
account)
Above 2 lac
Clearing
Any amount
Speed Clearing
Upto 1 lac
Above 1 lac
ECS Return for insufficient SB Accounts
fund
Other Accounts
Issue of DD / NEFT / All customers
RTGS
NIL
NIL
NIL
NIL
NIL
NIL
Normal Charges
additional charges
Banking’.
Normal Charges
additional charges
Banking’.
Normal Charges
additional charges
Banking’.
Non-Financial Transactions
Statement charges
All customers
NIL
Updating of passbook
NIL
All customers
11
as defined. No
under ‘Anywhere
as defined. No
under ‘Anywhere
as defined. No
under ‘Anywhere
Parameter
Stop Payment Instructions
Slab
SB Accounts
Revised
Normal Charges as defined. No
additional charges under ‘Anywhere
Banking’.
Normal Charges as defined. No
additional charges under ‘Anywhere
Banking’.
No charges under “Anywhere
banking”
Other Accounts
Staff Accounts
19. CHEQUE TRUNCATION SYSTEM (CTS) – RECOVERY OF PROCESSING CHARGES
As per directives of Reserve Bank of India, following service charges are introduced with effect from
01.04. 2011 for instruments presented in CTS are as under:
Presenting Bank:-
` 0.50 per instrument
Drawee Bank:
` 1.00 per instrument
NOTE:

Postage & Telegraph and other out of pocket expenses to be realized on actual basis
over and above the Service Charges,

‘SERVICE TAX’ to be levied extra as per extant guidelines received from Government from
time to time.
***
12
SERVICE CHARGES ON CREDIT RELATED ISSUES
PROCESSING FEES & PREPAYMENT FEES FOR RETAIL CREDIT PRODUCTS :
Sl
No
1
2
Scheme
All Bank Rent
All Bank
Property
REVISED PROCESSING
CHARGES
Upto Rs. 25 lac : 1%,
Minimum Rs. 2500
> Rs. 25 lac to Rs. 150 lac :
0.50%, Min. Rs. 25,000 ;
> Rs. 150 lac : 0.25%,
Minimum Rs. 75,000
Rs. 200- per lac,
Minimum Rs. 1,000
Maximum Rs. 20,000
3
All Bank
Trade
4
AllBank
Commercial
Vehicle
Finance
0.50% of loan amount
Minimum – Rs 1000/-
5
Car Loan
(For salaried
class & for
others)
1% of Loan amount,
Minimum Rs. 500
(Allahabad Bank
Employees- NIL)
6
All Bank
Mobike
7
Housing
Loan
8
Housing loan
to LIC
Employees /
Officers /
Agents
9
Housing
Finance
Scheme for
NRI/PIO
10
Premium
Housing
Finance
Scheme for
HNIs
Rs. 500/-
0.50% of Loan amount,
Maximum Rs.10,000
(Allahabad Bank
Employees- NIL)
Rs 25000/-
Prepayment
Penalty
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
Document
ation Charges
Mortgage
Charges
Inspection &
Supervision
Charges
Applicable
as per
Applicable as Applicable as
per charges
per charges
charges
prescribed
prescribed
prescribed
under para 3.4 under para 3.4 under para
3.5
Applicable
as per
Applicable as Applicable as
per charges
per charges
charges
prescribed
prescribed
prescribed
under para 3.4 under para 3.4 under para
3.5
Applicable as Applicable as
per charges
per charges
prescribed
prescribed
under para 3.4 under para 3.4
NIL
Nil
NA
NIL
Nil
NA
NIL
NIL
Nil
NA
NIL
Nil
NA
2%
of
Outstanding
Balance only
in case of
takeover
13
NIL
NIL
Sl
No
Scheme
11
House
Furnishing /
Repairing
Loan
12
13
Short term
loan for
application
money
(financed by
local housing
board/authoriti
es for
allotment of
residential
plot/flat/
houses)
Saral Loan
14
Personal
Loan
(Doctors)
15
Personal
Loan
(Pensioners)
16
Personal loan
to LIC
employees /
Officers /
Agents
17
REVISED PROCESSING
CHARGES
Prepayment
Penalty
Document
ation Charges
Mortgage
Charges
Inspection &
Supervision
Charges
NIL
Nil
NA
NIL
Nil
NA
NIL
Nil
NA
NIL
Nil
NA
NIL
Nil
NA
NIL
0.50% of Loan amount,
Minimum Rs.200
(Allahabad Bank
Employees- NIL)
` 200/-
1% of Loan amount,
Minimum Rs. 500
0.50% of Loan amount,
Minimum Rs.200
(Allahabad Bank
Employees- NIL)
1% of Loan amount,
Minimum Rs. 500
NIL
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
Overdraft
Scheme for
LIC officers
0.50% of Loan amount,
Minimum Rs.200
(Allahabad Bank
Employees- NIL)
18
Loan against
NSC/KVP
19
OD in SB A/c
20
Education
Loan
21
Gyan Deepika
22
Gold Loan
23
Reverse
Mortgage
Scheme
One month’s annuity
maximum ` 10,000/=
24
AllBank IPO/
FPO Finance
Scheme
Salary tie-up cases – NIL,
Others - ` 500/-
2% of
Nil
Outstanding
Balance only in
case of
takeover
NA
NIL
NIL
NA
NIL
2%
of
Outstanding
Balance only
in case of
takeover
Nil
NA
NIL
NIL
Nil
NA
NIL
NIL
NIL
14
 Processing fee will not be payable in case of loan to Allahabad Bank Employees ( Serving &
Retired ) under Housing Loan, House Furnishing Loan, Car Loan, AllBank Mobike Loan,
Personal Loan(Pensioners), Reverse Mortgage Scheme, AllBank IPO/ FPO Finance Scheme
& Loan against NSC/KVP.
 Prepayment Penalty, wherever prescribed will be charged only in case of takeover of loan by
other Bank / FI.
 Inspection & Supervision Charges will be applicable only in case of AllBank Rent, AllBank
Property & AllBank Trade.
 Documentation & Mortgage charges are payable only in case of AllBank Rent, AllBank
Property , AllBank Trade & Commercial Vehicle Finance Scheme.
 In Retail schemes where mortgage charges are not applicable (NA), actual charges for
creation of mortgage i.e. fees payable for NEC, registration with Central Registry, cost of
stamp, Fees payable for registration of mortgage etc will be borne by the borrower/(s)
 In case of annual review / renewal of term loan under above Retail Schemes at existing level
(wherever applicable) no charges will be realized.
 In case of annual review / renewal of Overdraft Limit under AllBank Property, AllBank
Trade & Commercial Vehicle Finance Scheme Processing charges will be applicable as
per Sl. No.2, 3 and 4 respectively.
15
SERVICE CHARGES ON CREDIT RELATED ISSUES
2.1. SERVICE CHARGES FOR AGRICULTURE CREDIT
PROCESSING FEES / UP FRONT FEES FOR SANCTION/RENEWAL OF ADVANCES
Credit limits
Revised Rates
Upto `3 lac
Above `3 lac
Nil
KCC – NIL
OTHERS - `225.00 per lac or part thereof
Restructuring of Debt
NIL
Adhoc Sanction & Short Term Loan
Above `20,000 and upto `50,000
`1000
Above `50,000 and upto `25 lacs
0.25% of the Ad-hoc/Short Term Loan, Minimum `1000,
Above `25 lacs and upto `5 crore
0.25% of the Ad-hoc/Short Term Loan, Min. `20,000
Above `5 crores
0.25% of the Ad-hoc/Short Term Loan,
Note: Upfront/Proc. Fees for renewal/review of term loan under Agrl. - NIL
2.2. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION CHARGES
Credit limits (F & NF)
Mortgage Charges
Documentation Charges
Revised Rates
Revised Rates
Up to `2 lacs
NIL
KCC – NIL
Above `2 lacs but up to `5 lacs
Above `5 lacs but upto `10 lacs
NIL
Above `10 lacs but upto `25 lacs
OTHERS - `2000.00
KCC – NIL
OTHERS - `3000.00
KCC – NIL
Above `25 lacs but upto `1 crore
Above `1 crore
OTHERS - `1000.00
KCC – NIL
`10,000
16
OTHERS - `5000.00
KCC – NIL
OTHERS - `10000.00
2.3. INSPECTION AND SUPERVISION CHARGES
Credit Limits
Revised rates
Upto `50,000
NIL
KCC – NIL
Above `50,000 upto ` 3 lac
OTHERS - `500 p.a.
KCC – NIL
Above ` 3 lac
OTHERS - `500 per lac p.a.
(Maximum `12000.00)
2.4. Any other charges under Agricultural not defined herein above must be levied as per
charges under other advances.
NOTE: For concessions under PSC please refer Section E 1.C
17
SERVICE CHARGES ON CREDIT RELATED ISSUES
OTHER ADVANCES EXCLUDING AGRICULTURE & RETAIL CREDIT
3.1.
PROCESSING FEES FOR SANCTION/RENEWAL OF ADVANCES
(BOTH FUNDED & NON FUNDED)
[OTHER THAN AGRICULTURE & RETAIL CREDIT]
Name of the Items
Revised Rates
Proposals up to `25,000
Nil
Proposals above `25,000 up to `2 lacs
`300 per lac or part thereof min. `300
Proposals above `2 lacs
`350 per lac or part thereof
Restructuring of Debt
75% of the usual charges
Adhoc Sanction & Short Term Loan
Above `20,000 and upto `50,000
`1000
Above `50,000 and upto `25 lacs
0.50% of the Ad-hoc / Short Term Loan,
Min. `1000
Above `25 lacs and upto `5 crore
0.50% of the Ad-hoc/Short Term Loan,
Mini. `22,000
Above `5 crores
0.50% of the Ad-hoc/Short Term Loan,
3.2. LEAD BANK CHARGES:
Charges for leadership in the Consortium Accounts, inclusive of the accounts, where the Bank
is the leader in financing Term Loan
Name of the Items
Charges for Leadership in
the consortium Account
Revised rates
a. 0.30% p.a. of the aggregate funded & non funded
limits from the banking system, negotiable but not
below 0.150%,
b. In case of sick units/ units under restructuring, 0.130%
of the aggregate funded limit from the banking system
both working capital and term loan will be realized.
18
3.3.
UPFRONT/PROCESSING FEES FOR TERM LOANS
(OTHER THAN AGRICULTURE AND RETAIL CREDIT)
Name of the Items
Revised Rates
Fresh Term Loan sanctioned excluding loans
sanctioned under Retail Credit (As Upfront)
Upto ` 25000: Nil
Above ` 25000 and upto
`2 Lac : `300 (MSEs - Nil );
Above `2 Lac : 1 %
Standby credit assistance towards redemption of
CP issued/to be issued by the borrower (to be
charged on pro-rata for a Min. period of 3 months)
Review/ Renewal of Term Loan
(As Processing Fees)
1% per annum basis
` 100 per `1 Lac,
Minimum ` 1000,
Maximum `2,50,000
Except Retail Credit
( MSE/Other PSC – NIL )
3.4. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION
( OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING RETAIL CREDIT LOANS)
Credit limits Revised
Revised
Documentation
charges
Up to ` 50000
Revised Mortgage
charges
Nil
Nil
`50,000 to `2 lacs
`1500
`1000
Above `2 lacs but up to `5 lacs
`2500
`2,500
Above ` 5 lacs but upto ` 20 lacs
`5000
`5000
Above `20 lacs but upto `1 crore
`10000
`10000
Above `1 crore
`15000
`20000
Note:
a) In case of Retail Credit Schemes, documentation & mortgage charges are applicable as
per aforesaid rates.
b) Charges for creation of mortgage will be calculated on the amount of the Loan and not
19
on the value of the property, irrespective of the nature of the credit facility.
c) Cost of stamp and other expenses will be born by the borrower separately.
d) Where no Mortgage is proposed, only Documentation Charges would be taken.
e) Actual charges including registry under Central Registry scheme to be levied from
borrower.
f) Mortgage charges in case of supplemental mortgage should be realized at rate of 50 %
of normal charges
3.5. INSPECTION & SUPERVISION CHARGES
(OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING LOANS UNDER RETAIL CREDIT)
Revised Credit Limits
Revised rates
Upto `50,000
NIL
`500(fixed)/Qtr–R/SU/U
Above `50,000 upto `2 lac
`1000 (fixed)/Qtr for - Metro
Above `2 lac to 1cr
`750 /Qtr – R/SU/U ,
1200/Qtr for Metro
Above 1cr to ` 5 cr
` 3500 / Qtr for all centers
Above ` 5 cr
` 7500 / Qtr for all centers
Note: In case of Retail Credit Schemes, Inspection & Supervision charges are applicable as
per aforesaid rates.
3.6. COMMITMENT CHARGES
Commitment Charges
Revised rates
For Funded Working Capital Limits of
`1 Crore & above
1% p.a. on the unutilized portion of the
operating working capital limits subject to a
tolerance level of 15% of such limits
3.7. CHARGES ON PURCHASE/DISCOUNT OF CHEQUES/BILLS
3.7.(a) Charges on purchase/discount of Cheques
Name of Items
Charges on purchase/
discount of Cheques
Revised rates
50 paisa % plus Collection Charges as applicable to
collection of Cheques / Bills for respective slabs & out of
pocket expenses.
3.7.(b) Charges on purchase/discount of Bills
i)
DA Bills:
Name of Items
Revised Rates
20
Interest / additional interest, as applicable for working capital advances
to the respective borrower, from the date of purchase till due date plus
collection charges, service charges and out of pocket expenses as
applicable to bills for collection for the respective slab, are to be realized.
No additional discounting charges to be realised separately.
DA Bills
For DA Bills:
1. Applicable interest rate based on amount of bill and risk rating as per Interest Rate
Circular from the date of discounting bills till the date of maturity shall be charged.
2. Additional interest @ 2% over normal rate will be recovered for the period of default from
the borrower.
3. Prescribed service charge for collection of bills and out of pocket expenses will be
realized.
ii)
DP Bills:
Name of Items
Discount charges @ 0.60% of the Bill Amount (for a period not exceeding
7 days) plus normal collection charges/ Service Charges (Normal Interest
rate beyond 7 days) plus out of pocket expenses will be realized.
DP Bills
3.8.
Revised Rates
COMMISSION ON BANK GUARANTEE
3.8.(a) Performance Guarantee
Amount Slab
Up to ` 5 Crore
Above ` 5 Crore up to ` 10
Revised rates
`250 + 0.60% per Quarter with minimum of 2 Quarter,
Minimum `600
`600 + 0.60% per Quarter with minimum of 2 Quarter
Crore
Above ` 10 Crore
`1000 + 0.60% per Quarter with minimum of 2 Quarter
3.8.(b) Financial Guarantee
Amount Slab
Up to ` 5 Crore
Above ` 5 Crore up to ` 10 Crore
Revised rates
`250 + 0.80% per Quarter with minimum of 2 Quarter,
Minimum `600
`600 + 0.80% per Quarter with minimum of 2 Quarter
21
Above ` 10 Crore
`1000 + 0.80% per Quarter with minimum of 2 Quarter
Note: In case of one time Bank Guarantee for more than ` 2 lacs (not covered by 100% margin in
the form of FDR), processing fee as applicable should be realized at the time of first sanction.
3.8. (c) General
Sl
Name of Items
No.
Revised Rates
i)
Renewal
Guarantee
of The Charges will be the same as those applicable for issuance of
fresh Guarantees, except that the claim period be not charged for,
if the renewal is effected before the expiry date of the original
Guarantee. In essence the charges should be on total final claim
including the enhance period plus claim period.
ii)
Commission
Amendments
on For amendments other than amount, period and purpose of
Guarantee, commission at the flat rate of ` 1,000 will be recovered.
iii)
Guarantee
on Field functionaries may consider proposal for issuing Guarantees
account of payment favouring Customs/Excise Authorities for payment of Statutory
of Statutory dues
dues. As the risk factors for issuing of such type of Guarantees are
very high, no concession in Commission will be permitted for
issuing such type of Guarantees. However, Guarantee should not
be issued in favour of Income Tax/Sales Tax authorities for
payment of statutory dues without obtaining specific permission
from Head Office.
iv)
Guarantee
100%
Cover/FDR
against 25% of Normal Charges to be levied with a minimum of `700/-. As
Cash
this is already a Concessional rate, no further concession would be
permitted at field level.
22
Sl
No.
v)
v)
vi)
Name of Items
Revised Rates
Cancellation Charge
It is observed that borrowers are reluctant to arrange for return of
original Guarantee, duly expired, from the beneficiaries, as a result
of which the Branches are not taking prompt action to delete the
outstanding Guarantees from the Register, which bear negative
impact on computation Capital Adequacy.
In this regard, incase of Guarantees executed in favour of parties
other than Government Departments, the Branch/es will be required
to send a Registered Letter to the beneficiary, provided no demand
or claim has been made by the beneficiary under the Guarantee
within its validity period, indicating therein clearly that if the original
Guarantee is not returned to Bank within 15 days after the date of
expiry thereof, the Bank will delete the said outstanding Guarantee
from its Register/Book of Accounts. Accordingly, the following
cancellation charges will be realized from the respective borrowers
for non-return of original Guarantee after the date of expiry. The
realization of Cancellation Charge will not be applicable for
Guarantees issued to Government Authorities.
Amt of Guarantee
Revised rates
Upto ` 10 lacs
` 1000 per Guarantee
Above ` 10 lacs but below ` 20 lacs
` 2000 per Guarantee
` 20 lacs and above
` 5000 per Guarantee
Refund of Guarantee For Guarantees tendered for cancellation, before the date
of
Commission
expiry, only a portion of the Guarantee Commission already
recovered be refunded to the Customer. Accordingly an amount
computed at half the originally charged rate for the unexpired period
of Guarantee in multiple of 3 months may be refunded.
Additional
Commission
Additional Commission at applicable rates will be levied on the
extended period of validity of Guarantees due to restraints imposed
on Banks by Court orders, at the instance of Customers, form
meeting their obligation to beneficiaries when the Guarantee is
invoked. In order to protect the Bank against possible disputes from
customers, the following clause may be incorporated in the Counter
Indemnity to be obtained from customers:
“That if for any reason the Bank is prevented by any action initiated
by me/us from making payment to the beneficiary of the
Guaranteed amount, I/We will also be liable to pay the Bank
Guarantee Commission for the period for which I/We delay by such
action, the payment of discharge of the Guarantee.”
3.8.(d) Letter of Comfort in lieu of Bank Guarantee
Letter of Comfort in lieu of Bank Guarantee @ 3% p.a. with a minimum for 2 Quarters would be
levied.
3.9.
CHARGES ON INLAND LETTER OF CREDIT (LC)
23
General :

Commission must be charged when an LC is opened & amended and no refund may be
allowed in any circumstances whatsoever, whether a credit is cancelled, partly availed of or
expires wholly un-availed of.

When the Inland Letter of Credit opened by a bank is advised/confirmed by its own branch,
the advising/confirming branch of the bank will not be entitled to the advising/confirming
commission.

In case of invocation of Guarantee, devolvement of Letter of Credit and if it is not regularized
within a period of 30 days, all such Concessions allowed if any will be withdrawn.

Out of pocket expenses such as postage, telegram, telex, fax cable etc shall be collected in
addition to the usual charges as detailed below:
Name of the Items
Revised Rates
At the time of opening
3.9.(a) Commitment Charge
(For the period of liability i.e. from the
date of opening of credit to the last
date of its validity)
0.30% of the LC amount for every period of three
months or part thereof.
3.9.(b) Usance Charges (according to the tenor of the bill at the rate of)
(a) Bills up to 7 days
0.30% of the Bill, Min. ` 500
(b) Bills over 7 days to 3 months
0.60% of the Bill Min. `750
(c) In excess of 3 months.
0.60% of the Bill for the first three months plus 0.30%
p.m. in excess of three months, Min. `1000
Note : Rates are based on size of Individual L/C opened.
Name of the Items
Revised Rates
3.9.(c) Amendment Charge
a. If LC is amended by way of
increase in amount
Both usance & commitment charges shall be levied
b. If LC is amended by way of
extension of period.
0.30% of the LC amount for every extended period of
three months or part thereof. Min. `1000
c. Amendment other than above
`1000 per occasion
3.9.(d) Revolving Letter of Credit
a. Opening Charge
Normal LC opening charge
b. Reinstatement Charge
3.9.(e)
on the amount of increase. Min. `1000.00
On each reinstatement, usance charges according to
the tenor as stated above and Commitment charge
of 0.25% on the reinstated amounts only.
LC advising charge
24
(When advising Inland LC opened by
Correspondent Banks, which shall
include Letter of Authority/Order to 0.10% on each LC,
negotiate
but
does
not
carry Minimum `1000
confirmation, the advising bank shall
levy advising commission)
3.9.(f) LC Confirmation charge
(If,
advising
bank
confirms
a @ 0.20% for every quarter or part thereof, Min.
Correspondent’s credit it should collect `1000 as well as Usance charges according to the
a commitment charge for the full
tenor of the bill at the rate specified in B.3.9 (b)
validity of the credit)
above.
3.9.(g) Advise of transfer in transferable LCs
(Whether full or part and whether
` 500 for each advice of transfer
endorsed on the credit itself or not)
3.9.(h) Acceptance Charge
(Commission on LC calling for usance
0.25% of the bill per month, Min. ` 1000
bills to be drawn on and accepted by
the bank)
3.9.(i) LC Negotiation
Negotiating Branch shall levy negotiating charges at the following rates :
(a) Up to ` 2.50 lacs
0.40% min. `1000
(b) Over ` 2.50 lacs
0.25%, Min. ` 5000
3.9.(j) Charges for giving guarantee
for discrepant documents.
3.9.(k) Clean payment received
under LC
3.9.(l) Attestation of Commercial
Invoice subsequent to
0.30%, Min. ` 1000
Bills :
` 500 flat
` 50 per invoice Min. `100 in each occasion.
25
tem
negotiation
3.9.(m) Non-payment/ nonacceptance of demand/usance
bills of exchange on
presentation/on due date
3.9.(n) Allocation of sub-limit
3.9.(o) Charges for retirement of
bills under LCs.
3.9.(p) Letter of Comfort in lieu of
Letter of Credit or Buyers’
Credit or Standby L/C
0.15% Min. `200
`5,000 p.a. for allocation of limits to each branch
0.25% Minimum ` 500
Charges applicable for Financial guarantee will be
applicable
3.10. PREPAYMENT CHARGES FOR LOANS OTHER THAN RETAIL CREDIT
Term Loan amount
All loans upto `10.00 lac
All loans above `10.00 lac
Revised Rates
In case of Term Loan, if liquidated out of own source/ own
generation- Nil.
In case availing loan from some other Bank/institution- 2% of the
outstanding loan plus tax.
2% of the outstanding loan plus tax.
NOTE:
 Postage and other Out of Pocket Expenses to be realized on actual basis over and
above the Service Charges.
 ‘Service Tax’ to be levied extra as per circularized instruction.
***
SERVICE CHARGES ON FOREIGN EXCHANGE RELATED ISSUES
Service Tax on Commission Amount, wherever applicable, SWIFT Charges / Out of Pocket
Expenses at Actuals, Courier/Postage etc. Charges, Early / Late delivery / Swap
Charges/Interest on Outlay of Funds etc., as applicable, shall be recovered in addition.
Appropriate buying / selling rate to be applied
1. IMPORT TRANSACTIONS
Commission on opening of LC or at the time of amendment is to be realised Upfront and no
refund shall be allowed.
1.A Commitment Charges: 0.15% per quarter or part thereof, min. Rs.1000/(For full validity of the LC I.e. from the date of opening to the last date of its validity)
1.B. Usance Charges:
Revised Rate
26
For LC s providing for bills upto 10 days’ sight
0.15% Min Rs 1000/For LC s providing for bills over 10 days’ sight
upto 90 days’ sight, 0.30% Min Rs 1500/For LC s providing for bills over 90 days sight:
0.10 % per month or part thereof.
NOTE: Both Commitment & Usance charges are related to opening of LC
1.C. Concessional Rates
Sl. No.
1.C i)
Name of the item
Up to Rs. 5 crore (or equivalent
in FC)
1.C ii)
Above Rs 5 crore Upto Rs 10 a) Full charges upto LC value of Rs 5 crore
crore (or equivalent in FC)
Plus b) 50 % of commitment & usance charges
as in 1A & 1B above on the amount in excess
of Rs 5 crore.
1.C iii)
Above Rs 10 crore (or equivalent a) Full charges upto LC value of Rs 5 crore
in FC)
Plus)
b) 50 % of commitment & usance charges as in
1A & 1B above on the amount in excess of Rs
5 crore upto Rs 10 crore Plus c) 40 % of
commitment & usance charges as in 1A & 1 B
above on the amount in excess of Rs 10 crore
LC issued with full cash margin
1.C. iv)
Revised Rate
Commitment & Usance Charges in Full as
above
1. C. iv (a) Up to Rs. 5 crore (or equivalent
in FC)
25% of normal charges
1. C. iv (b) Above Rs 5 crore Upto Rs 10
crore (or equivalent in FC)
60 % of Applicable Rate for FDR.
40% of Applicable Rate for Cash
Margin
1. C. iv (c) Above Rs 10 crore (or equivalent 50 % of Applicable Rate for Both Cash & FDR:
in FC)
1.D. Amendment charges of L/c
Sl. No.
1.D. a)
1.D.b)
Name of the item
Extension of validity of LC within
the period for which commitment
charge has been collected
Where extension of validity of
credit goes beyond the period
for which commitment charge
has been collected
27
Revised Rate
Rs 500/- flat
(On the outstanding liability under the LC)
Fresh commitment charges at the applicable
rate per quarter or part thereof for the period of
extension with a minimum of Rs 750/-
1.D. c)
Enhancement of LC Value
1.D. d)
Amendment extending the tenor Usance charges as applicable for the amended
of the Bill of Exchange
usance period less already realised amount
Minimum Rs 1000/Amendment
other
than Rs 750/- flat
extension
of
validity
or
enhancement of tenor of the Bill
of Exchange (including deferred
payment LCs / Guarantees)
For revival of expired LCs within Usance & Commitment charges as applicable
3 months from the date of expiry for the outstanding LC liability from the date of
expiry up to the extended validity .Minimum Rs
2000/-
1.D.e)
1.D.f)
Value shall be arrived at by adding the
enhancement amount to the original value of
the LC. Both usance & commitment charges as
applicable for the value so arrived at, less
amounts already realised. Minimum Rs 1000/-
NOTE: In case both enhancement of LC Value and extension of validity of LC are involved,
both the charges as above are to be realised
1.E. Import Bills Under LCs:
Commission on Import Bills under LCs issued by us are to be recovered in addition to LC
issuing charges
Sl. No.
1E a)
Name of the item
Foreign Currency Bills under LCs
Revised Rate
At the time of retirement or crystallisation, whichever is earlier
1.E.a( i)
0.125% on bill amount Minimum Rs
1000/-
Up to Rs. 5 crores
1.E.a (.ii) Above Rs. 5 crore up to Rs. 10 crores
0.125% on Rs 5 crore plus 0.100%
on the amount in excess of Rs 5
crore and upto Rs 10 crore
1.E.a (iii) Beyond Rs. 10 crores
1 E b)
1 E c)
Charges as above for upto Rs 10
crore plus 0.075% on the amount in
excess of Rs 10 crore. Max Rs
175,000/Foreign Currency Import Bills under 0.125% on bill amount
LCs
where no exchange benefit accrues to Minimum Rs 1000/the Bank
Maximum Rs 200,000/Rupee Bills under LCs
As per bill under domestic LCs
28
1.E.d)
Late payment commission
1.E.f)
Charges on account of
documents
0.10% per quarter or part thereof for
the entire overdue period for bills
drawn under LC not retired within 10
days from the date of receipt of bills
in case of demand bills and on the
due date in case of usance bills, to
be recovered at the end of each
quarter.
discrepant USD 50/ per discrepancy, if
accepted by the applicant, to be
recovered
from
beneficiary
/
negotiating bank. ( Discrepancy
charges should be stipulated at the
time of opening of LC)
Discrepancies must not be in
violation of any of the provisions
of FEMA or any Statutory
Regulation
1.F. Commission on Import Bill {Not Under LC (Collection Bill)}
Sl. No.
1.F.a)
Name of the item
Where exchange margin is
earned on foreign currency bills
Revised Rate
0.20 % on bill amount.
1.F.b)
On each bill drawn in rupees and
on each bill drawn in foreign
currency on which no exchange
margin accrues.
On bills / documents covering
project import under inter Govt
aid scheme (including those
financed
by
international
agencies like World Bank, IMF,
ADB etc. where no letter of credit
is opened.
In case of documents received
by importers directly from
overseas exporters / bank.
If the overseas bank or the
exporter
abroad
requests
proceeds of collection bill to be
remitted in a currency other than
the currency of the bill
Countersigning Bill of Exchange
drawn on importers under LCs
0.35% on bill amount.
1.F.c)
1.F.d)
1.F e)
1.F f)
1.Fg)
Maximum Rs 250,000/50% of rate as applicable for bills under LC /
Collection, as the case may be
Minimum Rs 750/- Maximum Rs 100,000/-
(At the time of remittance)
0.25 %
Minimum Rs. 2500/Rs 1000/- in addition to commission as
applicable for collection bill.
0.10 % per month or part thereof for the usance
period , Minimum 0.20 % , Max 0.50 %
Payment of Import Bill which are
settled out of foreign currency Commission as applicable for Collection Import
loans arranged abroad and from Bill where no exchange is earned
balances in EEFC account
29
1.F h)
1.F i)
1.F j)
1.F k)
If import documents are required
to be forwarded to another bank
which is required to remit the
proceeds to the bank abroad
Booking of forward contract with
another bank in respect of import
bills drawn under LC opened by
us (i.e. import bill handled by
us but FC funds purchased by
the importer though other
bank in India )
Overdue Import Bills on
Collection
Import
Collection
Returned Unpaid
Rs 500/- as handling charge
0.125 %
Rs 500/-per quarter or part thereof for the
overdue period, to be realised at the end of
each quarter. Unpaid documents are not to
be held beyond two quarters, under
intimation to the overseas Bank. If refused by
the Importer, USD 20/ per quarter to be claimed
from O/S Bk.
Bill Rs 1500/ plus Overdue Commission as above.
If refused by the importer USD 100/- plus
overdue commission as above, to be claimed
from the overseas Bank
1.G. Inward Parcels : Rs 1500/- per month Parcels must be received through overseas bank /
correspondent and cleared by customs authorities.
2. EXPORT TRANSACTION
2.A. Export Bills Purchased / Negotiated / Discounted
Sl. No.
Name of the item
Revised Rate
2.A i)
Processing Charges for each
foreign currency export bill
Rs 1000/- per bill
2A ii)
Processing Charges for each
rupee export bill
2A.iii)
2A iv)
2A v)
Rs 1000 per bill
For forwarding export documents
on
which
no
collection
commission
or
exchange Rs 1000/ per bill
accrues to the bank(i.e. from one
bank to other bank in India)
Reimbursement charges under a) Reimbursement Claim from India , but
Letter of Credit
payment in FC : Rs 750/ per claim
b) Claim from abroad (other than the bank to
whom bills are sent): Rs 1250/ per claim.
Forwarding export document to
another bank for negotiation to Rs 2000/ per document
whom LC is restricted by the
bank and / or which has booked
the forward contract.
30
2A vi)
2A vii)
For joining customer's guarantee
and giving guarantees on behalf
of customers in respect of
discrepant documents
Overdue export bills purchased /
negotiated/discounted
where
proceeds are not received in
Nostro accounts within Due /
Notional Due Date
0.15 % of the bill amount, Minimum Rs 1000/-.
Discrepancies must not be in violation of
any of the rules of the country / international
rule / practice
Rs 1000/- per quarter or part thereof per bill for
the overdue period (To be realised at the end of
each quarter)
Note:
a) Applicable also in case of deferred exports if the relative export proceeds are not
received within the stipulated period
b) Not applicable in case of bills drawn on countries with externalization problem but
paid in local currency and the exporter has obtained necessary approval from Reserve
Bank
2A viii)
2A ix)
Charges for discrepancies in
export documents under LC
Substitution / Change of Tenor
=====
Change of Tenor (within 180 days of
shipment): Concessional rate on postshipment credit upto the extended period in
accordance with the directives of RBI. Recovery
/ payment of swap difference and interest on
outlay of funds, if any, to be made.
Change of Buyer Rs 500/- per bill
2.B. Export Collection Bills:
Sl. No.
Name of the item
Revised Rate
2. B. i)
Both foreign currency & Rupee Foreign Currency Bills Where Exchange Margin
export Bills
is earned: 0 .10%
Min Rs 1000/- Max Rs 20000/Rupee Bill :
0.15%
Min Rs 2000/- Max Rs 25000/-
2 B. ii)
Export bills sent for collection Rs 500/- per quarter or part thereof for the
where proceeds are not received overdue period (To be realised at the end of
each quarter) (This is in addition to
within Due / Notional Due Date
commission as applicable for export bill
sent on collection)
For each complete set of export Docs handled against own FIRC
docs sent by the exporter directly Rs 500/ per bill
to overseas buyer in terms of Docs handled against other bank's FIRC
extant FEMA guidelines while Upto Rs 2 lakh or equiv--Rs 300/ per GR
disposing of the relative GR Minimum Rs 500/ per bill Over Rs 2 lakh or
forms
equiv Rs 500/ per GR form Min Rs 750/ Max
Rs 2500/Additional
charges
where Foreign Currency Bills Where Exchange Margin
proceeds of bills are received is earned 0.10% Min Rs 1000/Max Rs
through a bank other than the 25000/- Rupee Bill :
0.15%
Min
collecting bank at the instance of Rs 2000/Max Rs 50000/the exporter / overseas buyer.
2B iii)
2B iv)
31
Sl. No.
2B v)
Name of the item
Revised Rate
Export Bills against which 0.10% per bill, if remittance received through
advance
payment
already us.
received
Min. Rs 500/- Max. Rs 3500/0.125 % per bill if remittance received through
any other bank & FIRC is produced: Min Rs
1000/- Max Rs 10000/-
2B vi)
Commission in lieu of Exchange
2B.vi a)
Where pre-shipment advance
has been granted against a letter
of credit / export order but the
bills are negotiated through
another bank
Where the proceeds of an export
bill negotiated are paid in foreign
currency to another A.D.
Where an export bill is sent for
collection
abroad
but
the
payment is received in rupees
through another A.D. in India
Deemed export bills in foreign
currency as defined by the RBI /
Exim Policy from time to time.
Where an export bill is
negotiated / purchased / sent for
collection and its proceeds are
credited to EEFC A/C in full /
part.
When bank charges recoverable
from the drawee but refused
Export Bills Returned Unpaid
2B.vi b)
2B.vi.c)
2B.vi.d)
2B.vi.e)
2 B vi .f)
2B vi g)
0.125% Minimum Rs 1500/
-Maximum Rs
25000/-(Where foreign currency is not received
from the other AD)
0.125% Minimum Rs 1500/
25000/-
-Maximum Rs
0.125% Minimum Rs 1500/
25000/-
-Maximum Rs
0.125%
Minimum Rs 1500/- Maximum Rs 25000/NIL for the part held in EEFC A/C
Charges to be recovered from the exporter
Rs 500/ per Bill in addition to Collection /
Negotiation / Purchase Commission and
Overdue Commission, as applicable
2.C. Certificates:
Sl. No.
2 C I)
2 C ii)
2C iii)
Name of the item
Revised Rate
Issuance
of
certificates
/ Rs 150/- per certificate / attestation
attestation in respect of export
transaction
Registration
of
Export Rs 300/ flat per registration
Contracts
Rs 150/ flat per amendment
Annual
Export
Turnover Rs 1000/- per certificate (for each year)
Certificate
32
2.D. Processing fee for advance against Govt. sponsored incentive schemes.
0.150 % ,Minimum Rs 500/- Maximum Rs 5000/-
2.E. Export Letter of Credit (Including standby LC, Letter of Authority, Orders to
Negotiate, Orders for payment etc):
Sl. No.
2 E.i)
2 E ii)
2 E iii)
2 E iv)
Name of the item
Revised Rate
Advising
letter
of
credit Own Customer Rs 500/ flat
(recording,
scrutinising, Others Rs 1000/ flat
authenticating, verification)
Advising amendments
Rs 750/- per amendment
Advising LC / amendment to the Rs 750/ per LC / Amendment
beneficiary through another bank
When LC is already advised by Rs 100/ per LC If an LC has been advised to
other Bank and received for another branch of our Bank, no charge shall be
further advising
levied by the second branch.
2.F. Confirmation Charges (Subject to approval of the appropriate authority for adding
confirmation)
Sl. No.
2. F.i)
Name of the item
Commitment Charge
Revised Rate
Both Commitment & Usance Charges
2. F ii)
Usance Charge
As per charges for establishing Import Letter of
Credit with concessions for high values as
applicable
2.G. Transfer of Letter of Credit (To be recovered from the first beneficiary)
Sl. No.
Name of the item
Revised Rate
2.G.i)
Each advice of transfer
Rs 1000/- per transfer
2. H.
Acceptance
commission for
accepting usance drafts to be
drawn on and accepted by bank
in India
0.175 % per quarter and part thereof for the
usance period Minimum Rs 1500/-(Approval
from appropriate authority to accept is
required)
2.I. PCFC / FCBD / FCBN :
Sl. No.
2.I a)
Name of the item
Transaction charge
Revised Rate
Rs 25000/- per sanction.
FC Denominated Loans Other than for Export Finance
2.I b)
PSCFC
Rs 25000/ per sanction.
Commission
As per export bill purchased / negotiated /
collection
33
2.I c)
Bill Handling Charges
2.I.d)
Reversal of PCFC Transactions
2.I.e)
As per export bill purchased / negotiated /
collection
For non-submission of export
documents for liquidation of Flat Rs 1500/PCFC and / or non-realisation of
Bills
FCNR (B) Loan Transactions
a) Processing Fee: As applicable to fresh
Rupee Loan
b) Transaction Cost: Arranging / monitoring
FCDLFB Loan: Rs 25,000/c) Commitment Fee:1.00% if loan is availed
after one month but before 3 months from the
date of fund allocation.
3. REMITTANCE
3.A. OUTWARD REMITTANCE (Not Being Proceeds of Import Bill)
Sl. No.
3.A.i)
3. A ii)
3.A iii)
3.A iv)
3.A v)
3.A vi)
3.A vii)
3.A viii)
3.A ix)
3.A x)
Name of the item
Revised Rate
On all foreign currency outward 0.125% Minimum Rs 250/ Maximum Rs 1000/remittances not being proceeds
of import bills
Issue of duplicate foreign a) Within 6 months from the date of issue Rs
currency draft
250/b) Beyond 6 months Rs 500/Rupee Remittances
Individuals 0.125%
Minimum Rs 100/- in all cases
Others: 0.30%
Minimum Rs 500/- in all cases
Outward remittances from FCNR Free of Charge for repatriation
A/c NRE A/c
Issuing Foreign Currency Draft Rs 250/- per draft.
for credit to FCNR A/c of (No Charge if FCNR A/c with other branch of
beneficiary with other Bank in us)
India
Outward Remittance by debit to 0.10% on EEFC amount
EEFC A/C
Minimum Rs 500/ (In addition to commission
as applicable for the purpose of remittance)
Outward remittance made for Rs 500/ per remittance
repayment of FCL
Issue of Foreign Currency draft Rs 250/ per draft No Charge if FCNR A/c to be
for deposit with another bank credited is with our branch)
(FCNR) against a FC draft of
correspondent Bk.
Issuance of drafts towards gifts, Rs 150/- flat
donations, student application
(for amount upto USD 500/Advance
Import
Remittance
against 0.150% Minimum Rs 1000/-
34
3.B. INWARD REMITTANCE :
Sl. No.
Name of the item
Revised Rate
3.B i)
Encashment of TTs & purchase a) Rs 250/- per transaction
of MTs & DDs in respect of b) For small individual remittances up to USD
which cover has been received 500/- Rs 150/- per transaction
in Nostro accounts
c ) No Commission if proceeds are credited to
account with any of our branches
3.B ii)
Encashment of TTs & purchase 0.125% plus interest at domestic commercial
of
MTs
&
DDs
where rate for a transit period of15 days
reimbursements to be obtained
in cover by drawing demand
drafts on overseas branches or
correspondent banks
3.B iii)
Encashment
of
customer's 0.150% plus interest at domestic commercial
personal
cheques,
demand rate for 15 days
drafts,
international
money
orders, banker's cheque etc
payable abroad.
Rupee drafts issued by
3.B iv)
correspondent banks
3.B.iv)(a) Drawn on the branch where Payment by the branch where Vostro Account
correspondent
bank
Rupee is maintained
account is maintained
Free of charge
3.B.iv)(b) Drawn on the branches under Payment by branches which are designated to
special arrangement
where pay at per :
correspondent
bank
Rupee Free of charge.
account is not maintained
Others to pay through designated branch.
Commission as per domestic cheque collection.
3.C. Clean Payments
Sl. No.
3.C.i)
3 C.ii)
Name of the item
Revised Rate
Effected under instructions from Rs 100/- No charge if credited to a/c with us
correspondents
Inward remittances to be paid in 0.100 % Minimum Rs 250/ Maximum Rs 5000/foreign currencies by way of a
demand draft / mail transfer /
payment
order/
telegraphic
transfer etc.
35
3C iii)
Remittance to NRE A/C
Free of charge if account with us, Rs 500/ flat
for accounts with other Bank
3.D. Certificates Relating to Remittances
Sl. No.
3.D i)
3.D ii)
3D iii)
Name of the item
Bank certificate on security
paper
in respect of clean
remittances from abroad and / or
encashment of foreign currency
travellers' chqs / foreign currency
Notes
Certificate on Bank's letter head
(where rupee value of inward
remittance does not exceed Rs
5000/-)
Duplicate
FIRC
(Original
reported lost)
Revised Rate
FIRC issued on security paper
Rs 250/- per certificate
FIRC issued on Bank's letter head
Rs 150/- per certificate
Rs 200/- per certificate
Duplicate FIRC (in lieu of original reported lost)
Rs 750/- per certificate.
3.E. CLEAN INSTRUMENTS FOR COLLECTION
Sl. No.
3E.i)
3E.ii)
Name of the item
Revised Rate
Clean instruments sent abroad 0.15% Minimum Rs 100/ Maximum Rs 5000/for collection
Foreign currency instruments Charges as applicable for inland transactions
sent on collection within India
on the Rupee equivalent of the instrument
4. Miscellaneous:
Sl. No.
Name of the item
Revised Rate
4 I)
Obtaining Opinion Report for Actual amount paid to outside agency plus out
exporter / importer (both)
of pocket expenses
4 ii)
Providing opinion reports to USD 50/- per opinion (to be recovered from
foreign banks on our customers
foreign bank)
5. MERCHANTING TRADE:
Sl. No.
5.i)
Name of the item
Revised Rate
If foreign currency remittances Commission @ 0.075% on each transaction
are received in advance by the Minimum Rs 2500/-.
exporter from the overseas Maximum Rs 15000/buyer and the funds are held in
nostro account at the specific
request of the exporter.
36
5. ii)
On import bills received under Commission at 0.125 % Min Rs 3500/ Max Rs
back to back LC
15000/-
5.iii)
On export bills
merchant exporters
drawn
by Commission at 0.125 % Min Rs 3500/ Max Rs
15000/
6. GUARANTEES :
Sl. No.
Name of the item
Revised Rate
6.A.i)
Guarantees favouring shipping companies / agencies pending production of
Bill of Lading
LCs Opened by us
Rs 1000/- per guarantee
6.A.ii)
Others
6 A iii)
Letter of Comfort in lieu of LC or
Bank Guarantee
6.A)
0.25% for first 3 months (Minimum) plus
0.075% for each additional month or part
thereof.
2% p.a. Minimum 1 quarter.
6.B. Guarantees for Project Exports:
Sl. No.
6.B .i)
Name of them
ECGC Cover 75%
Revised Rate
0.45% per annum plus ECGC premium at
actual.
6.B.ii)
ECGC Cover 90%
6.B iii)
Not Covered by ECGC
6.B.iv)
100% GOI counter guarantee
0.35 % per annum plus ECGC premium at
actual
1.20 % per annum. For fractional period beyond
completed years, pro-rata charges may be
realised but not below a complete month
50% of the rates against each type of
guarantee
6.B.v)
100% Cash Deposits to the
extent of Bank’s liability
Other Guarantees (not covered
above)
Other
Export
Performance
Guarantees Bid Bonds (not
covered above)
6.B.vi)
6.B.vii)
Concessional Rates
50% of the rates against each type of
guarantee
1.15 % p.a.
0.10 % per month, Minimum Rs 3000/- ;
25% of the commission shall be realised at the
time of issue of bid bonds. Balance 75% shall
be recovered if the bid materialises, otherwise,
no refund shall be made.
(Bid Bonds for Project Exports)
Guarantee value upto Rs 5 crore :
Full rate
Guarantee value above Rs 5 crore :
Full rate upto Rs 5 crore plus 50% of the
specified rate on the amount in excess of Rs 5
crore
37
Sl. No.
6.B.viii)
6.B.ix)
6B x)
6B xi)
6B xii)
Name of them
Export
performance
guarantees, bid-bonds, etc
(other than for project exports)
and
Export
Performance
Guarantees covering export
obligations in terms of import
trade control regulations and
export performance guarantees /
bid bonds connected with
deemed exports
Deferred payment guarantees
covering import of goods into
India / repayment of foreign
currency loan
Revised Rate
0.10% per month, Minimum 0.30% or Rs 1000/, whichever is higher In case of early
redemption, Maximum 50% of the commission
for the unexpired period i..e. from the date of
redemption to the date of expiry shall be
refunded
Guarantees
issued
against
counter guarantee of other bank
( prime bank, correspondent &
within exposure limit)
Bid
Bonds
for
supplies
connected with Deemed Exports
/ Direct exports Other Than
Project Exports
0.175% per month Minimum Rs 1000/-
a) All Other Guarantees
0.175% per month or part thereof for the
specified liability calculated on the amount of
liability under such guarantee at the beginning
of every quarter. If instalments are remitted by
other A.D., the latter shall compensate @
0.125% commission on the amount so remitted
0.15% per month, 25% of the commission shall
be realised at the time of issue of bid bonds.
Balance 75% shall be recovered if the bid
materialises, otherwise, no refund shall be
made Minimum Rs 1000/a) 0.10 % per month, Minimum Rs 3000/-
b) If Guarantee period is less b) 0.30% Minimum Rs 3000/than 2 months
c) In case of early redemption
c) Pro rata commission may be refunded at the
discretion of the branch for full months only (not
fraction of months)
7. FOREIGN CURRENCY TRAVELLERS' CHEQUE
Sl.. No.
7. i)
Name of the item
Revised Rate
Commission
on
Rupee 0.75 % on Rupee Equivalent, Minimum Rs
equivalent of travelers' cheques 250/sold to Indian residents
38
7.ii)
7.iii)
7.iv)
Commission on foreign currency 0.50% on Rupee equivalent Minimum Rs 500/travelers'
cheques
issued
against
foreign
currency
remittance at the request of the
beneficiary.
TC Encashment
No charge.
Sale & Purchase of Foreign At Bank's Card Rate or at rate quoted by
Currency Notes & Coins
nearest agencies for disposing off the currency
/ procuring the currency, whichever is
favourable to the bank Plus Commission:
Upto USD 50/- Nil) Above USD 50/0.25 %
Min Rs 10/- Max Rs 2000/- No Charge for
Resident & NRI Customers
8. FORWARD CONTRACTS:
Sl. No.
8.i)
8.ii)
Name of the item
Revised Rate
For booking sales and purchase Rs 500/- flat per contract
contracts
For each request for early Rs 500/- plus swap cost and cancellation
delivery,
extension
or charges wherever applicable
cancellation
9. EEFC Accounts:
Sl. No.
9.i)
Name of the item
Revised Rate
Inward remittances credited to NIL
EEFC account with our bank
10. Other Charges :
Sl. No.
Name of the item
Revised Rate
10.i)
SWIFT Charges for
a)
b)
LC Opening
BG Issuing
Rs 1000/- per LC
Rs 1000/- per BG
c)
Outward remittances
Rs 500/-
d)
10.ii)
Amendment / Other Messages
Application to RBI for extension
of time period (ETX Form) for
realisation of export proceeds
beyond prescribed period
Follow up of Bill of Entry
Approval for Write off of Export
Bill
Processing Charges for any
other application to RBI
Foreign Bank charges (for LC
advising where charges are to
be borne by foreign bank.
Rs 500/Rs 500/- per application
10.iii)
10.iv)
10.v)
10.vi)
39
Rs 350/ per Bill of Entry per half year
Proposal to RBI Rs 2500/- , Under
Authority - Rs 2000/- per case
Rs 500/- per occasion
USD 25/-per LC USD 15 per amendment
Bank's
Sl. No.
10.vii)
10.vii)
10.viii)
Name of the item
Revised Rate
Attestation
Charges
for Rs 250/- per application
application of Importer / Exporter
Code No
Issuance of GR waiver certificate Rs 100/ per waiver
Returning of clean instruments / 25% of Commission as applicable for collection
bills etc sent for collection items as appropriate.
abroad
DP SERVICE CHARGES FOR BENEFICIARY ACCOUNTS
Name of the Items
A/C Opening
A/C Closing
Custody Charge
Dematerialization Charges
Revised Rates
Investors Account
NIL
NIL
NIL
40
Trader’s Account
NIL
NIL
NIL
Equity Shares
`3 per Certificate
Minimum `25 per DRF + Mailing
Charges (Free for Allahabad Bank
Shares)
Bond/Debenture/G-Sec/Commercial
Paper
Rematerialisation Charges
`50 per Request + Mailing Charges
`3 per Certificate
+ Mailing Charges
(Free for Allahabad
Bank Shares)
`25 per certificate + Mailing Charges
`300 p.a. Upfront
Transaction Fees (Per Transaction): (Equity/Bond/Debentures/ G-sec)
Market/Off-Market Transaction (Buy) NIL
Market/Off-Market Transaction (Sell)
Annual Membership Fee
`25
`1200 p.a. Upfront
NIL
` 10 (Other DP)
` 10 (Allahabad Bank
DP)
Transaction Fees (Per Transaction): (Commercial Paper)
Market/Off-Market Transaction (Buy) NIL
Market/Off-Market Transaction (Sell) `1000
NIL
`1000
Pledge
Creation
`100
`100
Closure/Invocation
`50
`50
Miscellaneous Charges
Documentation Fees (During
Account Opening)
Delivery Instruction Book
Additional Statement (Current)
NIL (Cost of Stamp Paper to be paid `10 at present)
Re.1 per folio
`25 per statement
Instruction Received at Client’s Risk * `50 per transaction
Instruction Failure Charges
`50 per transaction
NIL
`25 per transaction
NIL
Note
1. Annual Membership Fees will be taken upfront in first billing month. Annual Membership Fees will be
charged on quarterly pro-rata basis for new clients.
2. Custody Charges will be realized at the end of the financial year. No Minimum or Maximum charges
applicable.
3. Charges will be deducted from savings/current account to be opened by depository account holder.
4. All charges are subject to revision as and when decided by the DP.
5. *Instructions deemed at Client’s Risk
 Inter-depository transfer on the same day received after 14.00 hour
 Off-market instruction with request to execute before 10.00 hours on the same day.
 Instructions submitted after 16.00 hours on the previous day of pay-in deadline.
NOTE:



Postage and other Out of Pocket Expenses to be realized on actual basis over and above
the Service Charges.
‘Service Tax’ to be levied extra as per circularized instruction.
41