revisionofservicecha.doc

7/28/2019 RevisionofServiceCha.doc

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Annexure-I

Instruction Circular No. 12412/DEV/2013-14/11 Date: 27.04.2013

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With Effect From : 1st June, 2013


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INDEX

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Sl. No. Name of Items Page No.

Section A DEPOSIT ACCOUNTS & OTHER MISCELLANEOUS ISSUES 6

1. ISSUANCE/ CANCELLATION/ DUPLICATION/REVADATION OFDD/MT/TT/BANKERS CHEQUE/ PAY ORDER

7

2. COLLECTION OF OUTSTATION CHEQUES/SPEED CLEARING 7,8

3. COLLECTION OF BILLS 8

4. HANDLING CHARGES FOR CHEQUES / BILLS RETURNEDUNPAID

8

5. CLOSURE OF ACCOUNTS 8

6. MINIMUM BALANCE CRITERIA FOR SB/CURRENT ACCOUNT 9

7. PENAL CHARGES FOR FALL IN MINIMUM BALANCE 98. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD

ACCOUNTS10

9. LOCKER RENT/DISCOUNTS FOR PAYING LOCKER RENT INADVANCE/PENAL CHARGES FOR LOCKER RENT IN DEFAULT

10

10. SAFE CUSTODY CHARGES 11

11. ISSUANCE OF SOLVENCY CERTIFICATES 11

12. NATIONAL ELECTRONIC FUND TRANSFER (NEFT) 11

13. NATIONAL ELECTRONIC FUND TRANSFER (NEFT)/INDO-NEPALNEFT

11

14. REMITTANCE THROUGH RTGS 12

15. ELECTRONIC CLEARING SERVICES (ECS), CREDIT/DEBITCLEARING & SPONSOR BANK, DESTINATION BANK AND/ORRBI

12

16. INTERNATIONAL DEBIT-CUM-ATM CARD SERVICE 13

17. OTHER ITEMS 13 to15

18. SERVICE CHARGES OF ANYWHERE BANKING FACILITY 15,16

19. CHEQUE TRUNCATION SYSTEM- RECOVERY OF PROCESSINGCHARGES

16

Section B CREDIT RELATED ISSUES 17

B.1. PROCESSING & PREPAYMENT FEES FOR RETAIL CREDITPRODUCTS

18 to 21

B.2. SERVICE CHARGES REGARDINGAGRICULTURAL CREDITRELATED ISSUES

22,23

B.3. SERVICE CHARGES REGARDING OTHER ADVANCESEXCLUDING AGRICULTURAL & RETAIL CREDIT RELATEDISSUES

24 to 32

Section C FOREIGN EXCHANGE RELATED ISSUES 33

1. IMPORT TRANSACTIONS 34 to 37

2. EXPORT TRANSACTIONS 37 to 41

3. REMITTANCE 41 to 43

4. MISCELLANEOUS INSTRUCTIONS 43

5. MERCHANTING TRADE 43

6. GUARANTEES 43 to 45

7. FOREIGN CURRENCY TRAVELERS CHEQUE 45

8. FORWARD CONTRACTS 45

9. EEFC ACCOUNTS 45

10. OTHER CHARGES 45,46

11. DISCRETIONARY POWERS TO REDUCE CHARGES IN FOREXBUSINESS ITEMS

46

Section D DP CHARGES FOR BENEFICIARY ACCOUNTS 47 to 49

Section E CONCESSIONS ON VARIOUS ISSUES 50

1. A. CONCESSIONS ON MISCELLANEOUS ITEMS 51

B. CONCESSIONS ON RTGS/NEFT 52C. EXEMPTION ON SERVICE CHARGES UNDER PRIORITYSECTOR

52


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Section A

DEPOSIT ACCOUNTS

&

OTHER MISCELLANEOUS ISSUES


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SECTION A

SERVICE CHARGES (INCLUSIVE OF SERVICE TAX)FOR DEPOSIT ACCOUNTS & OTHER MISCELLANEOUS ISSUES

1. (A) ISSUANCE OF DEMAND DRAFT/ BANKERS CHEQUE/PAY ORDER

Amount Slab Revised Rates

Up to `5,000 `30

Above `5,000 up to `10,000 `45

Above `10,000 `3.40 per`1,000 or part thereof,

Minimum`45, Maximum `16,850

Note:i. In case of DD/BC/PO for below `50000/- issued against cash, additional 50% charges

will be levied. No DD/PO/BC should be issued for`50000/- & above against cash but

through account only.

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 Revised Rates

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Issuance of Duplicate /Revalidation/Cancellation of DD/BC/PO

10% of the Amount (Rounded up tonearest Rupees) Maximum `115 perInstrument

2. (A) COLLECTION OF OUTSTATION CHEQUES

ValueAll customers (`) (Revised Rates)

(per instrument)

Up to `5,000 28Above `5,000 and up to `10,000 56Above `10,001 and up to `1 Lac 112Above ` 1 lac 170

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.

2. (B) COLLECTION OF CHEQUE UNDER SPEED CLEARING

ValueRevised Service charges for all

customersUp to and including ` 1 lac Nil

Above `1 lac `170

3. COLLECTION OF BILLS

Name of the Items Revised Rates

Up to ` 10,000 `113 per Instrument

Above `10,000`13 per`1000 or part thereof, Maximum

`30,000Note: Actual Postage/out of pocket expenses will be levied extra.

4. HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID


Local Cheques/Bills `100 per cheque for SB`200 per cheque for Other`100 per Bill

Outstation Cheques/Bills 50% of collection Charges minimum`200

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Note: The above charges are to be realized under intimation to the party. Postagewill be realized extra.

5. CLOSURE OF ACCOUNTS

Types of Account Revised Rates

Savings Bank A/c

With Cheque BookWithout Cheque Book

With Cheque Book `200Without Cheque Book `150

Current A/c `500

Accounts closed after one year ofopening and within 14 days of opening

Nil

Account transferred from one branch toanother

Opening of another A/c in joint names

Death of A/c holder (manually debited)

Pensioner without cheque book

Note: 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.

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

(b) MINIMUM BALANCE CRITERIA FOR CURRENT ACCOUNT

Name of the items Revised Rates

Rural Others centers

Individual `1000 `3000Others `2500 `5000

7. PENAL CHARGES FOR FALL IN MINIMUM BALANCE

Name of Items Revised Rates (On QAB basis)

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With Cheque Book for general `500 for Rural/SU

`1000 for Metro/UrbanWith Cheque Book forpensioners

(concession to Senior Citizens to be

discontinued)

Nil

Without Cheque Book for general `100 for Rural/SU`500 for Metro/Urban

Without Cheque Book forpensioners.

(concession to Senior Citizens to be

discontinued)

Nil


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Savings Bank / AllBank Saral SavingsAccount ( Basic Saving Bank A/c)converted to regular SB A/c withCheque Book

`100 per quarter R/SU

`140 per quarter other centers

Savings Bank / AllBank Saral SavingsAccount ( Basic Saving Bank A/c)converted to regular SB A/c without

Cheque Book

`35 per quarter- R/SU

`75per quarter-Other centers

AllBank Saral Savings Account ( BasicSaving Bank A/c)

NilPensioners:

SB with Cheque Book

SB without cheque book

Current A/c : Individual `340 per quarter R/SU

`500 Per quarter- other centersCurrent A/c : Other

Note:

1. The above penal charges are to be realized under intimation to the party.2. The above charges would be levied on Quarterly Average Balance (QAB).

1. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS

(For all types like CTS/Multi City Cheques)


Savings Bank A/c, Current, CC, OD

A/c` 3.50 per Cheque leaf

SB A/c for 20 leaves per calendar yearFree

Name of the Items Revised RatesPost Dated Cheque (PDC): For our

BankNil

Post Dated Cheque (PDC): For

repayment of loans to other banks/ FIs`7 per cheque leaf

9(A) LOCKER RENT:

Type

InnerVolume

(Cu.Inches)

Classification

Revised Rates

Metro/Urban

Branch

Semi Urban/

Rural BranchA* 539 Small 1250 1050

B 859 Medium 1700 1350

C* 1186 Medium 2050 1700

D 1337 Medium 2700 2250

HI 1828 Large 1 3500 2850

E 1878 Large 1 3500 2850

F* 2786 Large 2 4200 3400

G 2844 Large 2 4200 3400

H 3987 V.L 7000 5650

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L 6297 E.L 8000 6800

Note:

The locker rents are to be realized in the 1st Quarter of the financial year i.e. within 30 th

June. Any default or not maintaining the requisite balance in the A/c will attract penalty

charges (No charges for Staff)

9(B) PENAL CHARGES FOR LOCKER RENT IN DEFAULT

Size of Locker Revised Rates

Small & Medium ` 60 per Quarter or part thereofLarge ` 85 per Quarter or part thereofVL & EL ` 140 per Quarter or part thereof

Locker visit charges24 visits per year free. Above 24 visits,`60 per visit to be charged

Loss of keysLocker rent of one year + actual cost ofrepairing

10. SAFE CUSTODY CHARGES


Scrips`115 per Scrip per year or part thereof,

Min: `230 p.a.Sealed Cover `565 per cover per year p.a.Sealed Boxes- 200 cu. Cm. `11500 per Box per year p.a.Banks own Deposit Receipt Nil

Note: Boxes above 200 cu. cm. type not to be accepted

11. ISSUANCE OF SOLVENCY CERTIFICATES

Amount Slab Revised RatesUp to `10 lacs `5000

Above `10 lacs & Up to `25 lacs `12,000

Above `25 lacs & `1 crore & above `30,000

12. NATIONAL ELECTRONIC FUND TRANSFER (NEFT)

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Revised Rates

Outward Remittances

Up to ` 1 Lac NilAbove `1 Lac to `2 Lac `17 per transactionAbove `2 Lac `28 per transaction

Inward Remittances

Any Amount Nil


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13. 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 StateBank 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 distributedthrough the channel of the Agents of NSBL:

(i) All remittances (cash remittances/disbursements) up to INR 5000, a flat charge of INR 50inclusive of Service Tax for every remittance.

(ii) Remittances (cash remittances/disbursements) above INR 5000 and up tp INR 50000, 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 affiliatedMoney Transfer agencies.

The entire amount of charges collected from the remitter would be remitted to Nepal and wouldform a part of the message format. Thus, remitting banks in India originating remittances underthe 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

NilOutstation Inward Remittance

Local Outward Remittance

Outstation Outward Remittance

` 2 to `5 lacs

` 5 lacs & above

`28

`56

15.1 ECS CHARGES FOR CREDIT CLEARING

Number of EntriesRevised Rates

(Only for Corporate Bodies/

Institutions)

Up to 10,000 entries per occasion` 4 per entry + RBI or Destination Bank

Charges if any

Above 10,000 up to 1 lac entries per

occasion

` 3 per entry + RBI or Destination BankCharges if any. Minimum ` 40,000

Above 1 lac entries per occasion`2 per entry + RBI or Destination Bank

Charges if any. Minimum `3,00,000

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15.2 ECS CHARGES FOR DEBIT CLEARING

Name of the Items

Revised Rates

(Only for Corporate Bodies/

Institutions)

Debit Clearing

`3 per transaction + RBI or DestinationBank Charges if any, Minimum `2,750

Individual customers & Others

Returning Charges on account of

insufficient funds

` 60 per entry SB` 100 per entry for other types ofaccounts

Income Tax Refund Orders Nil

15.3 ECS CHARGES FOR SPONSOR BANK, DESTINATION BANK AND/OR RBI

ECS Charges Revised Rates

Sponsor BankRBI or Destination Bank Charges if any,

Minimum ` 3200

Charges payable to Destination Bank

and/or RBI

On actual basis, i.e. as waived/by the

guidelines of RBI

16. INTERNATIONAL DEBIT-Cum-ATM CARD SERVICE


Membership fee Nil

Late Payment fee NilInterest Charges Nil

Annual fee `113 p.a., (waived for 1st year)Renewal Charges `113Card Replacement Charges `113

For Duplicate PIN `28

Transaction Charge for using BanksOwn ATM

Nil

Transaction Charge for using otherBanks ATMs (Beyond 5 transactions)

`17 (Financial)`6 (Non-financial)

Transaction Charge for Banksconnected through VISA Network(Abroad)

`170 for Cash Withdrawal& `17 forBalance Enquiry

Point of Sale (POS) TransactionCharges

Nil

Using Card at Petrol Pumps 2.50% or`13 Minimum

Using Card for Railway TicketReservations

2.50%

17. OTHER ITEMS:

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Sl.No.


1. Issuance of Duplicate PassBook/Statement for SB a/c

` 75 Latest entry (Single balanceentry at the time of issue ofduplicate pass book)

`68 for previous Entry/40 Entries

(per page)2. Ledger Folio Charges for CT A/c,

CC A/c & OD A/c`70 per 40 entries

3. Issuance of additional Statementof Accounts for CT A/c, CC A/c &OD A/c

`115 per page of 40 entries

4. Issuance of Call Deposit Receipts Nil

5. Standing Instructions (SI)

`50/- per transaction other BranchNote: If the standing instructions could notbe carried out for insufficient balance inthe account the charge of`50/- is to belevied.Free of charge:-i) Crediting / Remitting interest in TermDeposits.ii) Crediting/remitting Recurring Depositinstallments.iii)Crediting/ remitting installment in Loana/c.

6. Stop Payment Instructions ` 75 for SB per instrument` 100 for other per InstrumentMax. `500 (for both)

7. Issuance of Travelers Cheques ` 0.60 per`100, Min `128. Issuing certificates pertaining to

securities/ list of securities lodged `115 per certificate or list

9. Issue of No-duescertificate/balance confirmation

` 60 per CertificateNil (if within the Service Area)

10. Attestation of customers signatureon share transfer form/LICPolicy/UTI certificates etc.

` 60 per certificate or list

11. Photo Attestation ` 60per certificate12. Turnover commission on Govt.

Business.(viz. CBEC, CBDT etc)@ `5.5 Paise per`100`12 per challan (e-payment) & `50 perchallan (physical mode) for tax collection` 65 per entry (pension)

13. Handling/Incidental Charges forIn-operative/ Dormant SB A/c

`25 per quarter if the balance is belowminimum

14. Handling/Incidental Charges forIn-operative/ Dormant Current

A/c (If balance is below `50,000)

`100 per half year

15. Collection of Deposit receipts onmaturity from Other Bank

Nil charges for putting as FDR inour Bank

Others- As applicable to

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Sl.No.


remittance charges as per DD/BC/ PO

16. Loss of Token ` 115 per token17. Enquiry relating to old record

Enquiry up to 12 months old: Free

Enquiry above 1 year up to 3 yrs:`125

Above 3 yrs but up to 5 years:`250

Above 5 yrs: `600

18. Penalty charges for depositingdelayed installments in R/Daccount

`2 per`100 per month

19.Deposit of cash in bulk

Up to 10 packets (1000 pieces) free,thereafter at `12 per packet (100 pieces)Max `15,000

20. Selling of Prospectus &Application Forms for EducationalInstitutions / Housing Boards /Other Organizations

To be negotiated with the correspondingInstitution/ Board/other at the Zonal OfficeLevel on case to case basis

Note:

Postage & Telegraph and other out of pocket expenses to be realized on actual basis over andabove the Service Charges.

18. SERVICE CHARGES OF ANYWHERE BANKING FACILITY

Parameter Slab Revised Rates

Cash DepositUp to `25000 NIL

Above `25000 NIL

Cash Withdrawal

Up to `25000 NIL

Above `25000 NIL

Transfer of funds (to bedebited from drawees

account)

Up to `1 lacNILAbove `1 lac up to `2 lac

Above `2 lacClearing Any amount NIL

Speed Clearing

Up to `1 lac Normal charges asdefined. No additionalcharges under AnywhereBanking

Above `1 lac

ECS Return for insufficientfund

SB Accounts Normal charges asdefined. No additionalcharges under AnywhereBanking

Other Accounts

Issue of DD / NEFT / RTGS All customers Normal charges as

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Parameter Slab Revised Rates

defined. No additionalcharges under AnywhereBanking

Statement charges All customers NIL

Updating of

Passbook All customers

NIL

Stop Payment Instructions

SB Accounts

Normal charges asdefined. No additionalcharges under AnywhereBanking

Other Accounts

Normal charges asdefined. No additionalcharges under AnywhereBanking

Staff Accounts ====No charges underAnywhere Banking

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:

Revised Rates

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.

**********

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Section B

CREDIT RELATED ISSUES


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SECTION B

SERVICE CHARGES (INCLUSIVE OF SERVICE TAX) ON CREDIT RELATED ISSUES

B.1. RETAIL CREDIT

PROCESSING FEES & PREPAYMENT FEES FOR RETAIL CREDIT PRODUCTS :

Sl

No SchemeRevised

ProcessingCharges

RevisedPrepayment

Penalty

DocumentationCharges

MortgageCharges

Inspection &Supervision

Charges

1 All Bank Rent Up to `25lacs :1.20%, Min `3000

Above `25 lacsto `150lacs:0.60%, Min.`30,000

Above `150lacs:0.30%, Minimum`90,000

2.25% of

OutstandingBalance only incase of takeover

Applicable asper charges

prescribedunderPara

B. 3.4


prescribedunderPara B.

3.4


prescribedunderPara

B.3.5

2 All Bank Property

3 All Bank Trade

`225- per lac,Minimum `2000

Maximum`22,500

2.25% ofOutstandingBalance only incase of takeover

Applicable asper chargesprescribedunderPara

B.3.4


B.3.4


B.3.5

4AllBankCommercialVehicle Finance

0.40% of loanamount Minimum

`2000/-


Applicable as

per chargesprescribedunderPara

B.3.4

Applicable as


B.3.4

NIL

5

Car Loan

(For salaried class& for others)

1.20% of Loanamount,Minimum `600

(Allahabad BankEmployees- NIL)


Nil NA NIL

6 All Bank Mobike `600


Nil NA NIL

7 Housing Finance AllBank Ashiana

(i) For loanamount up to `30lacs- o.60% of theloan amountsubject to max of`12,000

(ii) For loanamount above

Nil Nil NA

NIL

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Sl

No SchemeRevised

ProcessingCharges

RevisedPrepayment

Penalty


MortgageCharges


Charges

`30 lacs up to `75lacs- 0.45% of theloan amountsubject to max of`24,000

(iii) For loanamount above `75lac up to `300 lac-0.35% of the loanamount subject tomax `60,000

(ivb) For loanamount above`300 lacs up to`500 lacs- 0.25%of the loan amountsubject to max`70,000

# The same shallnot be charged for

Allahabad Bankemployees

8Housing loan toLIC Employees /Officers / Agents

0.60% of Loanamount, Maximum`12,000 (For

Allahabad BankEmployees-NIL)

Nil Nil NANIL

9Housing FinanceScheme forNRI/PIO

0.60% ofLoanamount, Maximum`12,000 (For

Allahabad BankEmployees- NIL)

Nil Nil NANil

10Premium HousingFinance Schemefor HNIs

0.20% of loanamount subject tominimum of`90,000

2.25% ofOutstanding

Balance only incase of takeover

Nil NA NIL

11HouseFurnishing /

Repairing Loan

0.60% of loanamount, Min `250(Allahabad Bank

employees- Nil)

2.25% ofOutstanding

Balance only in

case oftakeover

Nil NA NIL

12

Short term loan forapplication money(financed by localhousingboard/authorities forallotment ofresidential plot/flat/

houses)

`250 Nil Nil NA NIL

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Sl

No SchemeRevised

ProcessingCharges

RevisedPrepayment

Penalty


MortgageCharges


Charges

13AllBank SaralLoan Scheme

1.20% of loanamount; Min-`600


Nil NA Nil

14 SARAL-2



Nil NA Nil

15

Personal Loan(Doctors &MedicalPractitioners)



Nil NA Nil

16Personal Loan

(Pensioners)Nil


Nil NA Nil

17

Personal Loan toLICemployees/Officers/Agents



Nil NA Nil

18Overdraft Schemefor LIC Officers



Nil NA Nil

19Loan againstNSC/KVP

0.60% of loan

amount,Minimum`250(AllahabadBank employees-Nil)


Nil NA NIL

20 Education LoanScheme NIL NIL

NIL

NA

NIL

21 OD in SB A/c

Nil Nil NIL NANIL

22 Gyan Deepika

23 Gold Loan

24Reverse MortgageScheme

1.20 times of onemonth's annuity,

Maximum-`12,000


Nil NA NIL

25AllBank IPO/ FPOFinance Scheme

Salary tie-upcases- Nil

Others- `600Nil Nil NA NIL

26 AllBank Fleet 1.20% of the Term loan- Applicable as Applicable as NIL

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Sl

No SchemeRevised

ProcessingCharges

RevisedPrepayment

Penalty


MortgageCharges


Charges

Finance Scheme sanctioned amount

Maximum 1.20%on the prepaidamount for theresidual period

per chargesprescribedunderParaB.3.4


B.3.4

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 & AllBank Fleet Finance Scheme processing charges will be

applicable as per Sl. No.2, 3, 4 & 26 respectively.

SECTION B

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B.2. AGRICULTURAL CREDIT

B.2.1. SERVICE C HARGES FOR AGRICULTURE CREDIT

PROCESSING FEES / UP FRONT FEES FOR SANCTION/RENEWAL OF ADVANCES

Credit limits Revised Rates

Upto `3 lac Nil

Above `3 lacKCC NIL

OTHERS - `255 per lacs or part thereofRestructuring of Debt Nil

Ad-hoc Sanction & Short Term LoanAbove `20,000 and up to `50,000 `1125Above `50,000 and up to `25 lacs 0.28% of the Ad-hoc/Short Term Loan, Minimum

`1125

Above `25 lacs and upto `5 crore 0.28% of the Ad-hoc/Short Term Loan, Min.

`22,475Above `5 crores 0.28% of the Ad-hoc/Short Term Loan

Note: Upfront/Proc. Fees for renewal/review of term loan under Agrl. - NIL

B.2.2.CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION CHARGES

Credit limits (F & NF) Mortgage Charges Documentation Charges

Revised Rates

Up to `2 lacs

NIL

NIL

Above `2 lacs but up to `5 lacsKCC NIL

OTHERS - `1125

Above `5 lacs but upto `10 lacsKCC NIL

OTHERS - `2250

Above `10 lacs but upto `25 lacsKCC NIL

OTHERS - `3375

Above `25 lacs but upto `1 croreKCC NIL

OTHERS - `5620

Above `1 crore `11,236KCC NIL

OTHERS - `11,210

B.2.3. INSPECTION AND SUPERVISION CHARGES

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Credit Limits Revised Rates

Upto `50,000 NIL

Above `50,000 upto ` 3 lacKCC NIL

OTHERS - `565 p.a.

Above ` 3 lacKCC NIL

OTHERS - `565 per lacs p.a.

(Maximum `13485)

B.2.4.Any other charges under Agricultural not defined herein above must be levied as percharges under other advances.

NOTE: For concessions under PSC please refer Section E 1.C


B.3. OTHER ADVANCES EXCLUDING AGRICULTURE & RETAIL CREDIT

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B.3.1. PROCESSING FEES FOR SANCTION/RENEWAL OF ADVANCES (BOTH FUNDED & NON

FUNDED) [OTHER THAN AGRICULTURE & RETAIL CREDIT]

Name of the Items (Revised slab) Revised Rates

Proposals up to `25,000 NilProposals above `25000 up to `50 lacs `300 per lac or part thereof min. `300

Proposals above `50 lacs `400 per lac or part thereof; Max `1 cr.Restructuring of Debt 75% of the usual charges

Adhoc Sanction & Short Term Loan

Above `20,000 and upto `50,000 `1000Above `50,000 and upto `25 lacs 0.60% of the Ad-hoc / Short Term Loan,

Min. `1500Above `25 lacs and upto `5 crore 0.60% of the Ad-hoc/Short Term Loan,

Mini. `25,000Above `5 crores 0.60% of the Ad-hoc/Short Term Loan

B.3.2. LEAD BANK CHARGES:

Charges for leadership in the Consortium Accounts, inclusive of the accounts, where the Bank isthe leader in financing Term Loan


Charges for Leadership in theconsortium Account

a. 0.35% p.a. of the aggregate funded & non funded

limits from the banking system, negotiable but not

below 0.20%.

b. In case of sick units/ units under restructuring,

0.15% of the aggregate funded limit from the

banking system both working capital and term loan

will be realized.

B.3.3. UPFRONT/PROCESSING FEES FOR TERM LOANS

(OTHER THAN AGRICULTURE AND RETAIL CREDIT)


Fresh Term Loan sanctioned

excluding loans sanctioned under

Retail Credit (As Upfront)

Up to `1 lac: : Nil

Above ` 1 lac up to `5 Lacs : `3000 (lump sum)

(MSEs - Nil )

Above `5 Lacs: 1.20%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)

1.20% per annum basis

Review/ Renewal of Term Loan

(As Processing Fees)

Up to `1 lac: NilAbove `1 lac Up to `5 lacs: `1000 (lump sum)Above `5 lacs: `150 per lac;Min- `1500; Max-`4 lacs( MSE/Other PSC NIL )

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Procedure for realization of Processing Charges/Upfront Fees.

For Working Capitala. The Processing Charges will be realized while sanctioning the accounts on per annum basis

(minimum one year).

b. The full Processing Charges will be realized while reviewing the accounts on per annum basis

from the date of sanction.c. In case of Operational review for short period, a Processing Fee on pro-rata basis for the

renewal period will be realized for minimum 1 quarter and thereafter multiple of quarter The

length of the renewal period will be reckoned from the original review date or the extended

review date till the period for which operational review is done.

d. In case of review/renewal of account or enhancement in limits (Funded/Non Funded) before

completion of 12 months from the last date of sanction, the processing fee should be realized

on pro-rata basis in respect of existing limits and full processing fee for the enhanced portion.

For Term Loan:

In case of fresh Term Loan, where Upfront fees at the rate more than 0.50% is being realized,no separate Processing Fee will be levied. However if it is less than 0.50%, normal Processing

Fee will be realized, as applicable for reviewed/renewal of Term Loan.

B.3.4. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION(OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING RETAIL CREDIT LOANS)

Existing Credit LimitsRevised documentation

charges

Revised mortgage charges

Up to ` 50000 Nil Nil

`50,000 to `2 lacs `1000 `1000

Above `2 lacs but up to`5 lacs

`3000 `3000

Above ` 5 lacs but upto` 20 lacs

`7000 `7000

Above `20 lacs butupto `1 crore

`15000 `15000

Above `1 crore `20000 `25000

Note:a) In case of Retail Credit Schemes, (refer section B-1) 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

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

50.00% of normal charges.

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B.3.5. INSPECTION & SUPERVISION CHARGES(OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING LOANS UNDER RETAIL CREDIT)

Revised Credit Limits Revised Rates

Up to `2 lacs NIL

Above `2 lacs up to `10 lacs `500/ Qtr all centers

Above `10 lacs up to 1cr `1500 for all centers

Above `1cr up to ` 5 cr `4000 / Qtr for all centers

Above ` 5 cr `8500 / Qtr for all centers

Note: In case of Retail Credit Schemes, (refer section B-1) Inspection & Supervision charges

are applicable as per aforesaid rates.

B.3.6. COMMITMENT CHARGES

Revised Commitment Charges Revised Rates

For Funded Working Capital Limits of`5 Crore & above

1% p.a. on the unutilized portion of theoperating working capital limits subject to atolerance level of 15% of such limits

B.3.7.CHARGES ON PURCHASE/DISCOUNT OF CHEQUES/BILLS

B.3.7.(a) Charges on purchase/discount of Cheques


Charges on purchase/discount of Cheques

50 paisa % plus Collection Charges as applicableto collection of Cheques / Bills for respective slabs& out of pocket expenses.

B.3.7.(b) Charges on purchase/discount of Bills

i) DA Bills:


DA Bills

Interest / additional interest, as applicable forworking capital advances to the respective borrower,from the date of purchase till due date plus collection

charges, service charges and out of pocketexpenses as applicable to bills for collection for therespective slab, are to be realized. No additionaldiscounting charges to be realized separately.

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.

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3. Prescribed service charge for collection of bills and out of pocket expenses will be

realized.

ii) DP Bills:


DP Bills Discount charges @ 0.75% of the Bill Amount

(for a period not exceeding 7 days) plusnormal collection charges/ Service Charges(Normal Interest rate beyond 7 days) plus outof pocket expenses will be realized.

B.3.8.COMMISSION ON BANK GUARANTEE

B.3.8. (a) Performance Guarantee


Up to ` 5 Crore `250 + 0.70% per Quarter with minimum of 2 Quarter,Minimum `600

Above ` 5 Crore up to ` 10

Crore

`600 + 0.70% per Quarter with minimum of 2 Quarter

Above ` 10 Crore `1000 + 0.70% per Quarter with minimum of 2 Quarter

B.3.8. (b) Financial Guarantee


Up to ` 5 Crore`250 + 0.90% per Quarter with minimum of 2 Quarter,

Minimum `1000

Above ` 5 Crore up to ` 10Crore

`1500 + 0.90% per Quarter with minimum of 2 Quarter

Above ` 10 Crore `2000 + 0.90% 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 inthe form of FDR), processing fee as applicable should be realized at the time of first sanction.

B.3.8. (c) GeneralSl

No.


i) Renewal of Guarantee The Charges will be the same as those applicable forissuance of fresh Guarantees, except that the claim

period is not charged for, if the renewal is affectedbefore the expiry date of the original Guarantee. Inessence the charges should be on total final claimincluding the enhance period plus claim period.

ii) Commission onAmendments

For amendments other than amount, period andpurpose of Guarantee, commission at the flat rate of `1,000 will be recovered

iii) Guarantee on accountof payment of Statutorydues

Field functionaries may consider proposal for issuingGuarantees favouring Customs/Excise Authorities forpayment of Statutory dues. As the risk factors forissuing of such type of

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Sl

No.


Guarantees are very high, no concession inCommission will be permitted for issuing such type ofGuarantees. However, Guarantee should not be issuedin favour of Income Tax/Sales Tax authorities forpayment of statutory dues without obtaining specific

permission from Head Office.iv) Guarantee against

100% Cash Cover/FDR25% of Normal Charges to be levied with a minimum of`700/-. As this is already a Concessional rate, nofurther concession would be permitted at field level.

v) Cancellation Charge It is observed that borrowers are reluctant to arrange forreturn of original Guarantee, duly expired, from thebeneficiaries, as a result of which the Branches are nottaking prompt action to delete the outstandingGuarantees from the Register, which bear negativeimpact on computation Capital Adequacy.In this regard, in case of Guarantees executed in favour

of parties other than Government Departments, theBranch/es will be required to send a Registered Letterto the beneficiary, provided no demand or claim hasbeen made by the beneficiary under the Guaranteewithin its validity period, indicating therein clearly that ifthe original Guarantee is not returned to Bank within 15days after the date of expiry thereof, the Bank willdelete the said outstanding Guarantee from itsRegister/Book of Accounts. Accordingly, the followingcancellation charges will be realized from the respectiveborrowers for non-return of original Guarantee after thedate of expiry. The realization of Cancellation Charge

will not be applicable for Guarantees issued toGovernment Authorities.

Amt. of Guarantee Revised Rates

Up to `10 lacs `1000 per GuaranteeAbove `10 lacs but below`20 lacs

`2000 per Guarantee

`20 lacs & above `5000 per Guarantee

v) Refund of GuaranteeCommission

For Guarantees tendered for cancellation, before thedate of expiry, only a portion of the GuaranteeCommission already recovered be refunded to theCustomer. Accordingly an amount computed at half theoriginally charged rate for the unexpired period ofGuarantee in multiple of 3 months may be refunded.

vi) Additional Commission Additional Commission at applicable rates will be leviedon the extended period of validity of Guarantees due torestraints imposed on Banks by Court orders, at theinstance of Customers, form meeting their obligation tobeneficiaries when the Guarantee is invoked. In order toprotect the Bank against possible disputes fromcustomers, the following clause may be incorporated inthe Counter Indemnity to be obtained from customers:

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Sl

No.


That if for any reason the Bank is prevented by anyaction initiated by me/us from making payment to thebeneficiary of the Guaranteed amount, I/We will also beliable to pay the Bank Guarantee Commission for the

period for which I/We delay by such action, the

payment of discharge of the Guarantee.

B.3.8.(d) Letter of Comfort in lieu of Bank Guarantee

Letter of Comfort in lieu of Bank Guarantee @ 3.50% p.a. with a minimum for 2 Quarters would

be levied.

B.3.9. CHARGES ON INLAND LETTER OF CREDIT (LC)

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 usualcharges as detailed below:

Page 27 of55

Name of the Items Revised RatesAt the time of opening

B.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)

0.35% of the LC amount for every period of

three months or part thereof.

B.3.9.(b) Usance Charges (according to the tenor of the bill at the rate of)

(a) Bills up to 7 days 0.35% of the Bill, Min ` 500

(b) Bills over 7 days to 3 months 0.70% of the Bill Min. `750

(c) In excess of 3 months. 0.70% of the Bill for the first three months plus

0.35% p.m. in excess of three months, Min.

`1000


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Note: Rates are based on size of Individual L/C opened.

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B.3.9.(c) Amendment Charge

a. If LC is amended by way of

increase in amount

Both usance & commitment charges shall be levied on

the amount of increase. Min. `1000b. If LC is amended by way ofextension of period.

0.35% of the LC amount for every extended period ofthree months or part thereof. Min. `1000

a. Amendment other than

above

`1500 per occasion

Name of the Items Revised RatesB.3.9.(d) Revolving Letter of Credit

a. Opening Charge Normal LC opening charge

b. Reinstatement Charge On each reinstatement, usance charges according to thetenor as stated above and Commitment charge of 0.25%on the reinstated amounts only.

B.3.9.(e) LC advising charge

(When advising Inland LC

opened by Correspondent

Banks, which shall include

Letter of Authority/Order to

negotiate but does not carry

confirmation, the advising bank

shall levy advising commission)

0.10% on each LC,

Minimum `1200

B.3.9.(f) LC Confirmation charge

(If, advising bank confirms aCorrespondents credit it shouldcollect a commitment charge forthe full validity of the credit)

@ 0.25% for every quarter or part thereof, Min.`1200 as well as Usance charges according to the tenorof the bill at the rate specified in B.3.9 (b) above.

B.3.9.(g) Advise of transfer in transferable LCs

(Whether full or part and

whether endorsedon thecredititself ornot)

` 750 for each advice of transfer

B.3.9.(h) Acceptance Charge

(Commission on LC calling for

usance bills to be drawn on and

acceptedby the bank)

0.25% of the bill per month, Min. `1200

B.3.9.(i) LC Negotiation

Negotiating Branch shall levy negotiating charges at the following rates :

Bills : (a) Up to ` 2.50 lacs 0.40% min. `1200

(b) Over` 2.50 lacs0.25%, Min. `5000

B.3.9.(j) Charges for giving

guarantee for discrepant

documents.

0.35%, Min. `1200

B.3.9.(k) Clean paymentreceived under LC

` 500 flat

B.3.9.(l) Attestation of

Commercial Invoice subsequent

to negotiation

` 50 per invoice Min. `100 in each occasion.

B.3.9.(m) Non-payment/ non-

acceptance of demand/usance

bills of exchange on0.20% Min. `500


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B.3.10. PREPAYMENT CHARGES FOR LOANS OTHER THAN RETAIL CREDIT

Term Loan amount Revised RatesAll loans up to `10.00 lac 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.

All loans above `10.00 lac 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.

******

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Section C

FOREIGN EXCHANGE RELATED ISSUES


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SECTION C

SERVICE CHARGES (INCLUSIVE OF SERVICE TAX) ON FOREIGN EXCHANGE RELATEDISSUES

Sl

No.Transaction Revised Rates

Commission and other charges (except interestcharges and interest on outlay of funds), areinclusive of Service Tax. Out of PocketExpenses at actuals, Courier/Postage etc.Charges, Early / Late delivery / SwapCharges/Interest on Outlay of Funds etc, asapplicable, shall be recovered in addition.

Appropriate buying / selling rate to be applied

1 IMPORT TRANSACTION

IMPORT LETTER OF CREDIT

1A Commitment Charges (For full validity of the LC i.e. from thedate of opening to the last date of itsvalidity)

0.17% per quarter or part thereof.

1B Usance Charges NOTE: Both Commitment & Usance chargesare related to opening of LC

1Ba)

Sight For LC s providing for bills up to 10 days' sight0.17% Min `1125/-

1Bb)

DA upto 90 days For LC s providing for bills over 10 days' sight upto 90 days' sight, 0.34% Min `1690/-

1Bc)

DA Beyond 90 days For LC s providing for bills over 90 days sight:0.12 % per month or part thereof.

1 C Concessional Rates

1.Ci)

Up to Rs. 5 crore (or equivalent in FC) Commitment & Uasnce Charges in Full as above

1.Cii)

Above Rs 5 crore Upto Rs 10 crore(or equivalent in FC)

a) Full charges up to LC value of`5 crore Plus b)50 % of commitment & usance charges as in 1A& 1B above on the amount in excess of`5 crore

1.Ciii)

Above Rs 10 crore (or equivalent inFC)

a) Full charges up to LC value of`5 crore Plus b)50 % of commitment & usance charges as in 1A

& 1B above on the amount in excess of`5 croreup to `10 crore Plus c) 40 % of commitment &usance charges as in 1A & 1 B above on theamount in excess of`10 crore

1.C.iv)

LC issued with full cash margin

1. C.iv (a)

Up to Rs. 5 crore (or equivalent in FC) 25% of normal charges

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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

SlNo.

Transaction Revised Rates

1. C.

iv (c)

Above Rs 10 crore (or equivalent in

FC)

50 % of Applicable Rate for Both Cash & FDR:

1.D Amendment charges of L/c NOTE: In case both enhancement of LC Valueand extension of validity of LC are involved,both the charges as under are to be realized

1.D.a)

Extension of validity of LC within theperiod for which commitment chargehas been collected

`565/- flat

1.D.b)

Where extension of validity of creditgoes beyond the period for whichcommitment charge has beencollected

(On the outstanding liability under the LC) Freshcommitment charges at the applicable rate perquarter or part thereof for the period of extensionwith a minimum of`845/-

1.D.c)

Enhancement of LC Value Value shall be arrived at by adding theenhancement amount to the original value of theLC. Both usance & commitment charges asapplicable for the value so arrived at, less amountalready realized. Minimum `1125/-

1.D.d)

Amendment extending the tenor of theBill of Exchange

Usance charges as applicable for the amendedusance period less already realized amountMinimum `1125/-

1.D.e)

Amendment other than extension ofvalidity or enhancement of tenor of theBill of Exchange (including deferredpayment LCs / Guarantees)

`845/- flat

1.D.f)

For revival of expired LCs within 3months from the date of expiry

Usance & Commitment charges as applicable forthe outstanding LC liability from the date ofexpiry up to the extended validity .Minimum`2250/-

1.E Import Bills Under LCs Commission on Import Bills under LC sissued by us are to be recovered in additionto LC issuing charges

1Ea) Foreign Currency Bills under LCs

At the time of retirement or crystallisation,whichever is earlier

1.E.a ( i)

Up to `5 crores 0.14%on bill amount Minimum `1125/-

1.E.a (.ii)

Above `5 crore up to `10 crores 0.14% on `5 crore plus 0.11% on the amount inexcess of`5 crore and up to `10 crores

1.E.a (iii)

Beyond `10 crores Charges as above for upto `10 crore plus 0.09%on the amount in excess of `10 crore. Max`197,000/-

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1 Eb)

Foreign Currency Import Billsunder LCs

0.14% on bill amount

where no exchange benefit accruesto the Bank

Minimum `1125/-Maximum `225,000/-

1 Ec)

Rupee Bills under LCs As per bill under domestic LCs

Sl

No. Transaction Revised Rates1.E.d)

Late payment commission

0.11% per quarter or part thereof for the entireoverdue period for bills drawn under LC notretired within 10 days from the date of receipt ofbills in case of demand bills and on the due datein case of usance bills, to be recovered at the endof each quarter.

1.E.f)

Charges on account ofdiscrepant documents

USD 60/ per discrepancy, if accepted by theapplicant, to be recovered from beneficiary /negotiating bank. ( Discrepancy charges shouldbe stipulated at the time of opening of LC)

Discrepancies must not be in violation of anyof the provisions of FEMA or any StatutoryRegulation

1.F. Commission on Import Bill

Not Under LC (Collection Bill))

1.F.a)

Where exchange margin is earned onforeign currency bills

0.25 % on bill amount.

1.F.b)

On each bill drawn in rupees and oneach bill drawn in foreign currency onwhich no exchange margin accrues.

0.40% on bill amount.

Maximum `280,000/-

1.F.c)

On bills / documents coveringproject import under inter Govtaid scheme (including those financedby international agencies like WorldBank, IMF, ADB etc. where no letterof credit is opened.

50% of rate as applicable for bills under LC /Collection, as the case may beMinimum `845/- Maximum `112,500/-

1.F.d)

In case of documents receivedby importers directly from overseasexporters / bank.

(At the time of remittance)0.28 % Minimum `2800/-

1.Fe)

If the overseas bank or the exporterabroad requests proceeds of

collection bill to be remitted in acurrency other than the currency ofthe bill

`1125/- in addition to commission as applicablefor collection bill.

1.Ff)

Countersigning Bill of Exchangedrawn on importers under LCs

0.11 % per month or part thereof for the usanceperiod , Minimum 0.23% , Max 0.55 %

1.Fg)

Payment of Import Bill which aresettled out of foreign currency loansarranged abroad and from balances inEEFC account

Commission as applicable for Collection ImportBill where no exchange is earned

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1.Fh)

If import documents are required to beforwarded to another bank which isrequired to remit the proceeds to thebank abroad

`560/- as handling charge

1.F i) Booking of forward contract withanother bank in respect of import billsdrawn under LC opened by us (i.e.

import bill handled by us but FCfunds purchased by the importerthough other bank in India )

0.14 %

SlNo.


1.F j) Overdue Import Bills on Collection `560/-per quarter or part thereof for the overdueperiod, to be realised at the end of each quarter.Unpaid documents are not to be held beyondtwo quarters, under intimation to the overseasBank. If refused by the Importer, USD 25/ perquarter to be claimed from O/S Bk.

1.F

k)

Import Collection Bill Returned

Unpaid

`1690/ plus Overdue Commission as above. If

refused by the importer USD 115/- plus overduecommission as above, to be claimed from theoverseas Bank

1. G Inward Parcels `1690/- per month. Parcels must be receivedthrough overseas bank / correspondent andcleared by customs authorities.

2 EXPORT TRANSACTION 2.A Export Bills Purchased / Negotiated

/ Discounted2.A

i)

Processing Charges for each foreign

currency export bill `1125/- per bill2A ii) Processing Charges for each rupee

export bill `1125/- per bill

2A.iii)

For forwarding export documents onwhich no collection commission orexchange accrues to the bank(i.e.from one bank to other bank in India)

`1125/- per bill

2Aiv)

Reimbursement charges under Letterof Credit

a) Reimbursement Claim from India , butpayment in FC :`840/ per claim

b) Claim from abroad (other than the bank towhom bills are sent): `1400/ per claim.2Av)

Forwarding export document toanother bank for negotiation to whomLC is restricted by the bank and / orwhich has booked the forwardcontract.

`2250/ per document

2Avi)

For joining customer's guarantee andgiving guarantees on behalf ofcustomers in respect of discrepantdocuments

0.17 % of the bill amount, Minimum `1125/-.Maximum `16850/-Discrepancies must not be in violation of anyof the rules of the country / international rule /

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practice

2Avii)

Overdue export bills purchased /negotiated/discounted whereproceeds are not received in Nostroaccounts within Due / Notional Due

Date

`1125/- per quarter or part thereof per bill for theoverdue period (To be realised at the end of eachquarter)

#Note

a) Applicable also in case of deferredexports if the relative export proceedsare not received within the stipulatedperiodb) Not applicable in case of billsdrawn on countries withexternalization problem but paid inlocal currency and the exporter hasobtained necessary approval fromReserve Bank

a) Applicable also in case of deferred exports ifthe relative export proceeds are not receivedwithin the stipulated periodb) Not applicable in case of bills drawn oncountries with externalisation problem but paid inlocal currency and the exporter has obtainednecessary approval from Reserve Bank

Sl

No. Transaction Revised Rates2Aviii)

Charges for discrepancies in exportdocuments under LC =====

2Aix)

Substitution / Change of Tenor Change of Tenor (within 180 days ofshipment): Concessional rate on post-shipmentcredit upto the extended period in accordancewith the directives of RBI. Recovery / payment ofswap difference and interest on outlay of funds, ifany, to be made.Change of Buyer`560/ per bill

2B Export Collection Bills

2. B.i)

Both foreign currency & Rupee exportBills

Foreign Currency Bills Where Exchange Marginis earned:0 .11%

Min `1125/-Max `22500/-

Rupee Bill :

0.17%Min `2250/-

Max `28000/-2 B.ii)

Export bills sent for collection whereproceeds are not received withinDue / Notional Due Date

`560/- per quarter or part thereof for the overdueperiod (To be realised at the end of eachquarter) (This is in addition to commission asapplicable for export bill sent on collection)

2Biii)

For each complete set of export docssent by the exporter directly tooverseas buyer in terms of extantFEMA guidelines while disposing ofthe relative GR forms

Docs handled against own FIRC`560/ per billDocs handled against other bank's FIRCUpto `2 lakh or equiv--`340/ per GR Minimum Rs560/ per bill Over`2 lakh or equiv `560/ per GRform Min Rs 850/ Max `2800/-

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2Biv)

Additional charges where proceeds ofbills are received through a bank otherthan the collecting bank at theinstance of the exporter / overseasbuyer.

Foreign Currency Bills Where

Exchange Margin is earned 0.11%

Min `1125/-Max `22500/-

Rupee Bill : 0.17%

Min `2250/-

Max `56200/-Sl


2Bv)

Export Bills against which advancepayment already received

0.11% per bill, if remittance received through us.Min. `560/-Max. `3950/-

0.14 % per bill if remittance received through anyother bank & FIRC is produced:Min `1125/-Max `11250/-

2Bvi)

Commission in lieu of Exchange

2B.via)

Where pre-shipment advance hasbeen granted against a letter ofcredit / export order but the bills arenegotiated through another bank

0.14%Minimum `1690/ -Maximum `28000/-(Where foreign currency is not received from theother AD)

2B.vib)

Where the proceeds of an export billnegotiated are paid in foreign

currency to another A.D.

0.14%Minimum `1690/ -Maximum `28000/-

2B.vi.c)

Where an export bill is sent forcollection abroad but the payment isreceived in rupees through another

A.D. in India

0.14%Minimum `1690/ -Maximum `28000/-

2B.vi.d)

Deemed export bills in foreigncurrency as defined by the RBI / EximPolicy from time to time.

0.14%Minimum `1690/-Maximum `28000/-

2B.vi.e)

Where an export bill is negotiated /purchased / sent for collection and itsproceeds are credited to EEFC A/C infull / part.

NIL for the part held in EEFC A/C

2 Bvi .f)

When bank charges recoverable fromthe drawee but refused

Charges to be recovered from the exporter

2 Bvi g)

Export Bill Returned Unpaid `560/ per bill (In addition to negotiation /purchase / collection commission and overduecharges.)

2B vih)

Export Bills Returned Unpaid `560/ per Bill in addition to Collection /Negotiation / Purchase Commission and OverdueCommission, as applicable

2 C Certificates

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2 CI)

Issuance of certificates / attestation inrespect of export transaction

`170/- per certificate / attestation

2 Cii)

Registration of Export Contracts

`340/ flat per registration`170/ flat per amendment

2C

iii)

Annual Export Turnover Certificate `1125/- per certificate (for each year)

2 .D Processing fee for advance againstGovt sponsored incentiveschemes.

0.17 %Minimum `560/-Maximum `5620/-

SlNo.


2.E Export Letter of Credit Including standby LC, Letter of Authority, Ordersto Negotiate, Orders for payment etc

2 E

i)

Advising letter of credit (recording,

scrutinising, authenticating,verification)

Own Customer`560/ flat

Others `1125/ flat

2 Eii)

Advising amendments `845/- per amendment

2 Eiii)

Advising LC / amendment to thebeneficiary through another bank

`845/ per LC / Amendment

2 Eiv)

When LC is already advised by otherBank and received for further advising

`115/ per LC If an LC has been advised toanother branch of our Bank, no charge shall belevied by the second branch.

2. F. Confirmation Charges Subject to approval of the appropriateauthority for adding confirmation

2.F.I)

Commitment Charge Both Commitment & Usance Charges

2. Fii)

Usance Charge As per charges for establishing Import Letter of Credit with concessions for high values asapplicable

2. G. Transfer of Letter of Credit To be recovered from the first beneficiary.

2.G.I)

Each advice of transfer`1125/- per transfer

2. H. Acceptance commission for acceptingusance drafts to be drawn on andaccepted by bank in India

0.20 % per quarter and part thereof for theusance period Minimum Rs 1690/-(Approvalfrom appropriate authority to accept is

required)2.I PCFC / FCBD / FCBN

2.I a) Transaction charge `28000/- per sanction. FC Denominated Loans Other than for Export

Finance

PSCFC `28000/ per sanction.

2.I b) Commission As per export bill purchased / negotiated /collection

2.I c) Bill Handling Charges As per export bill purchased / negotiated /collection

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2.1.d)

Reversal of PCFC Transactions

For non-submission of exportdocuments for liquidation of PCFCand / or non-realisation of Bills

Flat `1690/

2.1.e)

FCNR (B) Loan Transactions a) Processing Fee: As applicable to fresh RupeeLoan

b) Transaction Cost:Arranging / monitoringFCDLFB Loan: `28,000/-c) Commitment Fee:1.125% if loan is availed after one month butbefore 3 months from the date of fund allocation.

3 REMITTANCE

3.A OUTWARD REMITTANCE(NotBeing Proceeds of Import Bill)

SlNo.


3.A.i)

On all foreign currency outwardremittances not being proceeds of

import bills

0.14%Minimum `280/

Maximum `1125/-

3. Aii)

Issue of duplicate foreign currencydraft

a) Within 6 months from the date of issue `280/-b) Beyond 6 mths `560/-

3Aiii)

Rupee Remittances Individuals 0.14%Minimum `115/- in all casesOthers: 0.35%Minimum `560/- in all cases

3Aiv)

Outward remittances from FCNR A/cNRE A/c

Free of Charge for repatriation

3A

v)

Issuing Foreign Currency Draft for

credit to FCNR A/c of beneficiary withother Bank in India

`280/ per draft.

(No Charge if FCNR A/c with other branch ofus)

3Avi)

Outward Remittance by debit to EEFCA/C

0.11% on EEFC amountMinimum `560/ (In addition to commission asapplicable for the purpose of remittance)

3Avii)

Outward remittance made forrepayment of FCL

`560/ per remittance

3Aviii)

Issue of Foreign Currency draft fordeposit with another bank (FCNR)against a FC draft of correspondentBk.

`280/ per draft No Charge if FCNR A/c to becredited is with our branch)

3Aix)

Issuance of drafts towards gifts,donations, student application (foramount upto USD 500/-

`170/- flat

3Ax)

Advance Remittance against Import 0.17% Minimum `1125/-

3.B INWARD REMITTANCE

3.Bi)

Encashment of TTs & purchase ofMTs & DDs in respect of which coverhas been received in Nostro accounts

a) `280/- per transactionb) For small individual remittances up to USD500/- `170/- per transactionc ) No Commission if proceeds are credited toaccount with any of our branches

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3.Bii)

Encashment of TTs & purchase ofMTs & DDs where reimbursementis tobe obtained in cover by drawingdemand drafts on overseas branchesor correspondent banks

0.14% plus interest at domestic commercial ratefor a transit period of15 days

3.Biii)

Encashment of customer's personalcheques, demand drafts, international

money orders, banker's cheque etcpayable abroad.

0.17% plus interest at domestic commercial ratefor 15 days

3.Biv)

Rupee drafts issued bycorrespondent banks

3.B.iv)(a)

Drawn on the branch wherecorrespondent bank Rupee account ismaintained

Payment by the branch where Vostro Account ismaintainedFree of charge

3.B.iv)(b)

Drawn on the branches under specialarrangement where correspondentbank Rupee account is not maintained

Payment by branches which are designated topay at per :

Free of charge.Others to pay through designated branch.

Commission as per domestic cheque collection.Sl


3 C Clean Payments

3.C.i)

Effected under instructions fromcorrespondents

`115/- No charge if credited to a/c with us

3C.ii)

Inward remittances to be paid inforeign currencies by way of ademand draft / mail transfer / paymentorder/ telegraphic transfer etc.

0.11 % Minimum `280/ Maximum `5625/-

3Ciii)

Remittance to NRE A/C Free of charge if account with us, `560/ flat foraccounts with other Bank

3 D Certificates Relating toRemittances

3.Di)

Bank certificate on security paper inrespect of clean remittances fromabroad and / or encashment of foreigncurrency travelers cheques/foreigncurrency Notes

FIRC issued on security paper`280/- per certificateFIRC issued on Bank's letter head`170/- per certificate

3.Dii)

Certificate on Bank's letter head(where rupee value of inwardremittance does not exceed Rs5000/-)

`225/- per certificate

3Diii)

Duplicate FIRC (Original reported lost) Duplicate FIRC (in lieu of original reported lost)`845/- per certificate.

3.E CLEAN INSTRUMENTS FORCOLLECTION

3E.i) Clean instruments sent abroad forcollection

0.17% Minimum `115/ Maximum `5625/-

3E.ii) Foreign currency instruments sent oncollection within India

Charges as applicable for inland transactions onthe Rupee equivalent of the instrument

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4 Miscellaneous

4 I) Obtaining Opinion Report for exporter / importer (both)

Actual amount paid to outside agency plus out ofpocket expenses

4 ii) Providing opinion reports to foreignbanks on our customers

USD 55/- per opinion (to be recovered fromforeign bank)

5 Merchanting trade

5.i) If foreign currency remittances arereceived in advance by the exporterfrom the overseas buyer and thefunds are held in nostro account at thespecific request of the exporter.

Commission @ 0.08% on each transactionMinimum `2800/-.Maximum `16850/-

5. ii) On import bills received under back toback LC

Commission at 0.14 %Min `3935/Max `16850/-

5.iii) On export bills drawn by merchantexporters

Commission at 0.14 %Min `3935/Max `16850/-

SlNo.


6 GUARANTEES

6.A) Guarantees favouring shippingcompanies / agencies pendingproduction of Bill of Lading

6.A.i)

LCs Opened by us `1125/- per guarantee

6.A.ii)

Others 0.28% for first 3 months (Minimum) plus 0.08%for each addl month or part thereof.

6 Aiii)

Letter of Comfort in lieu of LC or BankGuarantee 2.25% p.a. Minimum 1 quarter .

6.B Guarantees for Project Exports

6.B.i)

ECGC Cover 75% 0.50% per annum plus ECGC premium at actual.

6.B.ii)

ECGC Cover 90% 0.40 % per annum plus ECGC premium atactuals

6.Biii)

Not Covered by ECGC 1.35 % per annum.For fractional period beyondcompleted years, pro-rata charges may berealised but not below a complete month

6.B.iv) 100% GOI counter guarantee 50% of the rates against eachtype guarantee

6.B.v)

100% Cash Deposits to the extent ofBk's Liab.

50% of the rates against each type guarantee

6.B.vI)

Other Guarantees (not coveredabove)

1.29 % p.a.

6.B.vii)

Other Export PerformanceGuarantees Bid Bonds (not coveredabove)

0.11 % per month, Minimum `3350/-[Must] 25%of the commission shall be realized at the time ofissue of bid bonds. Balance 75% shall berecovered if the bid materializes, otherwise, no

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refund shall be made

Concessional Rates (Bid Bonds for Project Exports)

Gtee value upto `5 crore Full rate

Gtee value above `5 croreFull rate up to `5 crore plus 50% of the specifiedrate on the amount in excess of`5 crore

6.B.viii)

Export performance guarantees,bid-bonds, etc (other than forproject exports) and ExportPerformance Guarantees coveringexport obligations in terms of importtrade control regulations and exportperformance guarantees / bid bondsconnected with deemed exports

0.11% per month, Minimum 0.35% or `1125/- ,whichever is higher In case of early redemption,Maximum 0.50% of the commission for theunexpired period i.e. from the date of redemptionto the date of expiry shall be refunded

SlNo.


6.B.ix)

Deferred payment guaranteescovering import of goods into India /repayment of foreign currency loan

0.20% per month or part thereof for the specifiedliability calculated on the amount of liability undersuch guarantee at the beginning of every quarter.If instalments are remitted by other A.D., thelatter shall compensate @ 0.125% commissionon the amount so remitted

6Bx)

Guarantees issued against counterguarantee of other bank ( prime bank,

correspondent & within exposure limit)

0.20% per month Minimum `1125/-

6Bxi)

Bid Bonds for supplies connected withDeemed Exports / Direct exportsOther Than Project Exports

0.17% per month, 25% of the commission shallbe realized at the time of issue of bid bonds.Balance 75% shall be recovered if the bidmaterializes, otherwise, no refund shall be madeMinimum `1125/-

6Bxii)

a) All Other Guarantees a) 0.11 % per month, Minimum `3350/-[Must]

b) If Guarantee period is less than 2months

b) 0.35% Minimum `3350/-

c) In case of early redemption c) Pro rata commission may be refunded at thediscretion of the branch for full months only (notfraction of months)

7 FOREIGN CURRENCYTRAVELLERS' CHEQUE

7. i) Commission on Rupee equivalent oftravellers' cheques sold to Indianresidents

0.85 % on Rupee Equivalent, Minimum `280/-

7.ii) Commission on foreign currencytravellers' cheques issued against

0.56% on Rupee equivalent Minimum `560/-

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foreign currency remittance at therequest of the beneficiary.

7.iii) TC Encashment No charge.

7.iv) Sale & Purchase of Foreign CurrencyNotes & Coins

At Bank's Card Rate or at rate quoted by nearestagencies for disposing off the currency /procuring the currency, whichever is favourableto the bank Plus Commission: Upto USD

50/- Nil,Above USD 50/- 0.28 %Min`15/- Max `2250/-No Charge for Resident & NRI Customers

8 FORWARD CONTRACTS

8.i) For booking sales and purchasecontracts

`560/- flat per contract

8.ii) For each request for early delivery,extension or cancellation

`560/- plus swap cost and cancellation chargeswherever applicable

9 EEFC Accounts

9.i) Inward remittances credited to EEFC

account with our bank

NIL

10. Other Charges

10.i) SWIFT Charges for

SlNo.


a) LC Opening `1125/- per LC

b) BG Issuing `1125/- per BGc) Outward remittances `560/-

d) Amendment / Other Messages `560/-

10.ii) Application to RBI for extension oftime period (ETX Form) for realisationof export proceeds beyond prescribedperiod

` 560/- per application

10.iii)

Follow up of Bill of Entry ` 390/ per B/E per half year

10.iv)

Approval for Write off of Export Bill Proposal to RBI ` 2800/ , Under Bk's Authority `2250/ per case

10.v) Processing Charges for any otherapplication to RBI

` 560/- per occasion

10.vi)

Foreign Bank charges (for LCadvising where charges are to be

borne by foreign bank.

USD 28/ per LC USD 17 per amendment

10.vii)

Attestation Charges for application ofImporter / Exporter Code No

` 280/ per application

10.vii)

Issuance of GR waiver certificate ` 115/ per waiver

10.viii)

Returning of clean instruments / billsetc sent for collection abroad

25 % of Commission as applicable for collectionitems as appropriate.

DISCRETIONARY POWERS TO REDUCE CHARGES IN FOREX BUSINESS ITEMS

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Concessions / waiving of service charges for foreign exchange related transactions may be permittedby the competent authority as under, on a case to case basis.

******

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Concessions Competent Authority

Up to 25% of normally applicable chargesBranch Head (DGM/AGM)

Zonal Head ( DGM/AGM) / DGM (Credit) HO

Up to 50% of normally applicable chargesZonal Head (GM) / GM (Credit) HO

GM (Foreign Dept. H.O.)

Up to 75% of normally applicable charges Executive Director.

Up to 100% of normally applicable charges

Chairman & Managing Director/

Executive Director (in absence of C & M D)

Section D

DP CHARGES FOR

BENEFICIARY ACCOUNTS


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SECTION D

Particulars Customers Bank employees/Retired

1.A/c opening/ A/c closing / Custody charge Nil

2.Dematerialization charges

Page 45 of55

REVISED RATES FOR DP SERVICE CHARGES (INCLUSIVE OF SERVICE TAX)


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2.1 Equity Shares `3.50/- per certificate, minimum `25 + MailingCharges (Free for Allahabad bank shares)

2.2 Bonds/ Debentures/ G-Secs /CP `56.25/- per request + Mailing charges

3. Rematerialization Charges `28.10/- per certificate subject to maximum of100 shares per certificate for NSDL.

`112.50/- per certificate subject to maximum of 100

shares per certificate for CDSL.4.Annual Maintenance Charges

4.1 First year for all Nil

4.2 .Second year onwards

4.2.1 For Individuals `337.10/- p.a (up front) `168.55/- p.a (up front)

4.2.2 For Non Individuals `561.80/- p.a (up front) for NSDL

`1124.00/- p.a(up front) for CDSL4.3. Basic Services Demat Account* :-

No AMC Charges for Account holders maintaining a balance up to `50000.00 values of stocksor less at market price on any date. AMC charges not exceeding `112.50/- per annum will be

charged for stock value in Demat account between `50001 to `2,00,000.00.5.Transaction Fees: (Per Transaction) (Equity/ Bonds/ Debentures/G-Sec)

5.1. Market/Off Market Transaction (Buy) Nil5.2. Market/Off Market Transaction (Sell) `28.10/- up to `1 Lac

Additional `5.65/- for every `50,000/-6. Transaction Fees: (Per Transaction) (Commercial Paper)

6.1. Market/Off Market Transaction (Buy) Nil

6.2 Market/Off Market Transaction (Sell) `1124.00/- + Ser. Tax

7. Pledge:

7.1. Creation `112.50/-7.2. Closure /Invocation `56.25/-

8. Miscellaneous Charges

8.1 Documentation fee ( During A/c opening) Nil

8.2.Delivery Instruction Book `1.15/- Per folio

8.3.Additional Statement `28.10/- per statement

8.4.Instruction failure charges `56.25/- per Delivery Instruction

8.5.Instruction received at Clients Risk*** `56.25/- per transaction

8.6.Mailing charges & Out of pocket expenses Actual

Note:1. Annual Membership Fee will be taken upfront in the first Billing Month from April to Marchevery year.2. Charges will be deducted from Savings / Current Account to be opened by Depository AccountHolder.3. All charges subjected to be revised as and when decided by the DP.4. *If the Stock value in Basic Services Demat account crosses `2,00,000/-, it will be treated asregular DP account and charges are levied accordingly as per regular DP account.5. ***Instructions Deemed at Client Risk.

Inter Depository transfer for the same day.Off-Market instructions with request on the same day.

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Instructions submitted after 16:00 hrs on the previous day pay-in dead line.

******

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SECTION E

SERVICE CHARGE CONCESSIONS ON VARIOUS ISSUES

Page 48 of55

Section E

CONCESSIONS ON VARIOUS ISSUES


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SECTION E

SERVICE CHARGE CONCESSIONS ON VARIOUS ISSUES

1.A. CONCESSIONS ON MISCELLANEOUS ITEMS

To compete with other banks, for Transfer of Funds (*Both for Deposit and Borrowal Accounts),

concessions may be given on the following items as under:

a) Issuance of DD/Bankers Cheque

b) NEFT/RTGS/ECS (Concessions covered in Section A at concerned items No. 12, 14

& 15)

Concessions on the above facilities i.e. a) & b) may be extended to important Corporate

customers/valuable constituents on a very selective basis, considering the merit of the case viz.:-

i) Total business connection with the Bankii) Frequency of the operation at the Branchiii) Cost to the Bank is minimal

* Note:Deposit Accounts:Transfer of funds periodically from the collection accounts maintained at branches to RegionalCollection Account and the aggregate collection is transferred as per standing arrangement tothe Main account of the organization/firm/company.

Advances/Borrowal Accountsi) Accounts from where debit balances are transferred.ii) Accounts from where credit balances are transferred

The Powers regarding Approval Authority for concessions on above remittance facilities are as

under:

Page 49 of55

Sl.

No.

Approval Authority

for Concessions

Amounts

to be Remitted

Amount of Concession

1. Branch Headed by Scale II Upto `10,000 Upto 100% Concessions on

Service Charges for

remittance

2. Branch Headed by Scale III Upto `25,0003. Branch Headed by Scale IV Upto `50,0004. Branch/Zone headed by Scale V

& above

Upto `50,000 &

Above


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The Branch Head upto Scale-IV may seek the permission of the higher authority for extending

concessions beyond their capacity. Extent of concession has been left to the discretion of the

branch head based on business consideration and value of connection on case-to-case basis.

[II] Other Business:

The Concessions regarding reduction/waiver of Service Charges for other issues on case-to-case basis may be considered as under:

As our Bank is operating in a highly competitive environment, the Zonal Head or AGM/DGMheaded branches, may use his/her discretion to slash the quantum of Service Charges upto

100% on normal Service Charges to important corporate customers/valuable constituentsconsidering the total business connection/ potential earning from the customer/frequency ofoperation of the branch etc.

Note: Recording of concession to avoid seepage, a register of various concessionsgiven, should be maintained separately by each authority, which will be available forinspection / review as & when required.

1.B. CONCESSIONS IN RTGS/NEFT:

1. Zonal Head/Branch Head of Scale-V & above may beauthorised to allow upto 100% concession (free) of Service Charges on Remittance

through NEFT/RTGS to the constituents on merit basis.

2. Branch Head may be authorised to allow upto 50%concession of Service Charges on Remittance through NEFT/RTGS to theconstituents on merit basis.

3. These charges shall be applicable for all types of transactions, including inter-bank funds transfer.

1.C. EXEMPTION ON SERVICE CHARGES UNDER PRIORITY SECTOR

Name of the items ExistingProcessing/ Up front Fees, Mortgage Charges, Documentation Charges, Supervision/Inspection Charges, Incidental Charges,

For loans allowedi) Under Govt. Sponsored Schemes viz, SGSY, SJSRY,

PMRY, PMEGP etc.ii) Under ACC, SCC, GCC, JLGs, SHGs, Swarozgar Yojanas

under SGSY, all weaker section* borrowers, PACs andFSS advances

Free of charges

Revised(a) In the accounts having limits upto `5 lac under agricultural/priority sector credit above

service charges may be waived by the respective Zonal Heads to the extent of 100%.

(b) In the accounts having limits above `5 lac under agricultural/priority sector credit above

service charges may be waived by the respective Zonal Heads to the extent of 50%.

SUB-CATEGORIES OF WEAKER SECTION OF THE PRIORITY SECTOR:

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(a)Small and marginal farmers with land holding of 5 acres and less, and landless labourers, tenant

farmers and share croppers;

(b) Artisans, village and cottage industries where individual credit limits do not exceed `50,000;

(c) Beneficiaries of Swarnjayanti Gram Swarozgar Yojana (SGSY) now National Rural Livelihood

Mission (NRLM)

(d) Scheduled Castes and Scheduled Tribes;

(e) Beneficiaries of Differential Rate of Interest (DRI) scheme;

(f) Beneficiaries under Swarna Jayanti Shahari Rozgar Yojana (SJSRY);

(g) Beneficiaries under the Scheme for Rehabilitation of Manual Scavengers (SRMS);

(h) Advances to Self Help Groups;

(i) Loans to distressed poor to prepay their debt to informal sector, against appropriate collateral or

group security.

(j) Loans granted under (a) to (i) above to persons from minority communities as may be notified by

Government of India from time to time. In States, where one of the minority communities is, in

fact, in majority, item (j) will cover only the other notified minorities. These states/Union

Territories are Jammu & Kashmir, Punjab, Meghalaya, Mizoram, Nagaland and Lakshadweep.

1.D. CONCESSIONS ON LETTER OF CREDIT (LC)/BANK GUARANTEE(BG)

The concessional charges @ 25% of normal charges forLetter of Credit and Bank Guarantee

facilities fully secured by cash deposit/FDR will be realized. As this is already a concessional

rate, no further concession would be permitted at field level.

1.E. DISCRETIONARY POWER TO REDUCE SERVICE CHARGES ON FOREX BUSINESS

The concessions regarding reduction/ waiver of service charges for Foreign Exchange related

issues on case to case basis may be considered by the filed functionaries as indicated here

under only in case of limit sanctioned by the concerned authority or limit sanctioned by a level

lower than the authority.

ConcessionsCompetent Authority

Upto 25%Branch Head(DGM/AGM)Zonal Head (DGM/AGM)/DGM (Credit) HO

Upto 50% Zonal Head (GM)/GM (Credit) HO

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LCs up to `5 crores Normal rate as above

LCs above `5 crores - Up to `5 crores normal rate & beyond `5 crores up to `10 crores

up to `10 crores : 85% of the normal rate to be charged.

LCs above Rs.10 crores:- Up to Rs.10 crores as above & beyond Rs.10 crores: 70% of the

normal rate to be charged.

The above concessions for Inland LC above Rs. 5 crore is to have more high value

business


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GM (Foreign Dept. H.O.)

Upto 75% Executive Director

Upto 100%Chairman & Managing Director/Executive Director (In absence of C&MD)

1.F. CONCESSIONS ON DP SERVICE CHARGES

The Concessions regarding reduction / waivement of DP Service Charges for Beneficiary

Accounts on case-to-case basis may be considered as under:

Postage and other out of pocket expenses to be realised on actual basis over andabove the service charges.

2. CONCESSIONS TO STAFF/EX-STAFF MEMBERS/WIDOWS OF EX-STAFF MEMBERS

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Sl. No. Authority for permitting Concessions Concessions

1. Asstt.General Manager (Marketing)/

Dy. General Manager (Marketing)

Upto 25% of total charges

2. General Manager (Marketing) Upto 50% of total charges3. Executive Director Beyond 50% of total charges

4. Chairman & Managing Director/ Executive Director in

absence of Chairman & Managing Director

FULL POWER

Note: The proposals for consideration of concessional Service Charges should carry the

recommendation of the respective Zonal Head.

a. Ledger Folio Charges No incidental charges to be levied on account maintaining in the

name of existing/retired employees or jointly with close

relatives.

b. Standing Instructions No chargesc. Outward remittances All DDs/ MTs/ TTs/ Bankers Cheque be issued free of charge.

Cost of telegram in case of TTs to be recovered.

d. Collection of Cheques/Demand Drafts

No charges.

e. Issuance of Rupee

Travelers Cheque

No commission to be charged

f. Locker Rent Staff members (including the retired Staff members) will be

charged 50% of the annual rental charges.g. Fall in Minimum Balance No charges

h. Anywhere Banking/MCC

Facility

No charges


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3. CONCESSIONS TO DEFENCE, PARAMILITARY PERSONNEL & EX-SERVICEMEN

The Defence and Paramilitary personnel including ex-servicemen are the beneficiaries of the

following concessions in respect of Service Charges from Public Sector Banks:

i) At par collection of salary/terminal dues.

ii) At par remittances to family up to `10,000 per month and one time remittance for

payment of school/college fees in a year (out of pocket expenses to be recovered)

iii) At par custody of Wills

iii) In-house Standing Instructions free of charge.

4. FACILITY FOR FREE TRANSFER OF FUNDS FOR REGIONAL RURAL BANKS (RRBs)

In compliance of RBI directives, the concessions for RRBs are as under:

I. Facilities for free transfer of funds should be extended by the branches for remittance of

funds between the Head Offices of the RRBs and their different branches free of cost

irrespective of the fact whether the RRBs are sponsored by the Bank or not. The remittance

may be allowed in multiples of`5,000 subject to a minimum of` 5,000.

II. Other concessions to RRBs are:

a. Transfer of funds for RRB Branches No Service charges

b. Refinance installment to NABARD No Service charges

c. Cheques/Drafts etc. drawn in favour of RRBs andtendered by RRBs to Banks for collection irrespectiveof whether such RRBs are sponsored by us or not.

No Service charges

d. Collection of charges on third partycheques/instruments drawn onPSBs and tendered to them for collection by RRBs

Collection charges to beshared on the basis of50% of our charges +

50% of their chargese. Collection charges of third party cheques/instrumentstendered by PSBs to RRBs for collection

5. CONCESSIONS TO SENIOR CITIZENS/PENSIONERS20% below the normal Service Charges for Deposit Accounts and other Miscellaneous Issues would be

allowed.

6. FREE COLLECTION/REMITTANCE FACILITIES

Item Names Existing rates

(i) Cheque issued by Government of India in respect of Grants made from PrimeMinisters Relief Fund to State Government, District Magistrate etc. should be

collected free of charges(ii) Cheques tendered by Government Departments for credit to Government

Accounts will be collected at par and this is applicable to all GovernmentTransactions including State, Railways, and Defence etc. However, chequesdrawn at centres where, the agency banks do not have their branches andrequired to collect the cheques through some other scheduled banks/co-operative banks, collecting banks commission may be charged by the AgencyBank.

(iii) Govt. Departments attached to the Ministry of Commerce/Food & Civil(iv) Supplies/Textiles & Department of State Govts. /Railways/ Defence etc.(v) Religious, Welfare, Service & Charitable Institutions, if they are exempted

from payment of Income Tax.

Free of charge

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Item Names Existing rates

(vi) Cheques issued by Govt. authorities representing subsidy under IRDP & otherspecial programmes

(vii) Sala

revisionofservicecha.doc

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