Service Charges and fees
| Name of the bank- Punjab
National Bank |
Charges (Rs.) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Savings Bank A/c -
No frills A/c |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum
Balance |
Nil,
However initial deposit of Rs.25/- required |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges
for non maintenance thereof |
Nil
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Saving Bank Accounts
with Cheque facility |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum
Balance |
Rs.500/-
in Rural Branches Rs.1000/-
in other Branches (Self
help Group Rs.100/- only irrespective of location of branch)However,
Pensioners, Students, and Salaried accounts are exempted. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges
for non maintenance thereof |
CBS
branches
(Quarterly): Rs.80/- in Rural branches and Rs.150/ in other branches. Non
CBS branches (Monthly): Rs.50/- And
Rs.100/- for High value branches |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Saving Bank Accounts
without Cheque facility |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum
Balance |
Rs.500/-
in Rural Branches Rs.1000/-
in other Branches (Self
help Group Rs.100/- only irrespective of location of branch) However,
Pensioners, Students, and Salaried accounts are exempted. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges
for non maintenance thereof |
CBS
branches
(Quarterly): Rs.80/- in Rural branches and Rs.150/ in other branches. Non
CBS branches (Monthly): Rs.50/- and
Rs.100/- for High value branches |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other savings bank
account facilities |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issue
of Duplicate Statement |
Rs.2.00
per entry/record, Min.Rs.100/-
Max. Rs.1000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Statement
of account charges: Pass book shall be updated free of cost |
Rs.30/-
for additional statement |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issue
of duplicate pass book |
Rs.50/-
per passbook with latest balance. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issue
of cheque leaves (MICR as well as Non MICR) |
Rs.2.50
per cheque leaf |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account
Maintenance charges for Saving Fund Accounts: |
100
free of charge entries permissible on half yearly basis, thereafter
Re. 1/- per record/ entry. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free
cheque leaves to Saving bank account customer (Except Premium Saving
Account) |
20
cheques leave free per half year. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium (Saving Fund
) Customers: |
Free
of charge cheque book facility without any limit of usage. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mode
of calculation of minimum balance |
CBS
branches-
Quarterly basis Non-CBS
branches. – Daily
basis. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges
for recording Reconstitution of account: |
Rs.150/-
per occasion (Except for change due to death of the existing signatory
and adding the name of spouse in pension accounts.)
|
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| Standing Instructions: |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Registration: |
Rs.50/-
(one time charge) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Execution: |
Rs.35/-
+ Remittance charges + out of pocket expenses |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non
Execution Charges (due to insufficient funds) |
Rs.50/-
per transaction |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account Maintenance
charges for Current, Cash Credit and CA-OD (erstwhile ledger folio charges, on
half yearly basis) beyond free of charge permissible entries mentioned
as under: |
Rs.2/-
per entry / record, minimum Rs.100/-, maximum Rs.1000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free
entry /Record, allowed in current accounts including CC and CA-OD |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average
credit balance/QAB: Upto Rs.25000/- |
No free of cost entries allowed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Above
Rs.25000/- upto Rs.50000/- |
100 entries per half year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Above
Rs. 50000/ upto Rs.1 lac |
150 entries per half year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Above
Rs.1 Lac upto Rs.2 lac |
250 entries per half year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Above
Rs.2 lac to less than Rs.5 lac |
500 entries per half year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rs.
5 lac and above |
Unlimited data entries free of cost |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free
cheque leaves to Premium ( Current
Account) customers: |
500
Free Cheque leaves in a calendar year. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance / Minimum
Qly. Average Balance Requirements for Current Accounts: |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Area |
Non
CBS Branches Minimum Monthly Balance (Rs.) |
CBS Branches Minimum Qly. Average Balance
(Rs.) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rural |
1000 |
1000 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Semi
Urban |
3000 |
3000 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Urban |
3000 |
5000 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metropolitan |
5000 |
5000 |
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| Charges for non maintenance
of minimum balance in current accounts |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Accounts- Individual Current Accounts- Other
than individual
At CBS branches |
Rs.150/- Rs.500/-(at High value branches)
and Rs.250/- at other branches.
Rs.400/- per Quarter
at Rural & Semi Urban Rs.700/- per Quarter
at Urban & Metropolitan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Note: If the balance falls
below the minimum during any day during the month, at non CBS branches,
penalty charges will be levied for full month. Exemption: Pension accounts
and Salary accounts. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Statement of Account
Charges |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Account: One statement to be
provided free in a month |
Rs.60/- for additional statement. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium Saving Account
Customers: Customers who have maintained Minimum Balance of Rs.25000/-
throughout the previous month. For CBS branches Minimum Quarterly Average
Balance shall be Rs.25000/- Premium Current Account
Customers: Customers who have maintained Minimum Balance of Rs.100000/-
throughout the previous month. For CBS branches Minimum Quarterly Average
Balance shall be Rs.100000/- |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PREMIUM SF CUSTOMERS AT CBS BRANCHES: In order to encourage customers for
keeping more QAB in their Savings Account, concessions mentioned hereinafter
shall be available to the customers during the current quarter provided
they keep the stipulated quarterly average balance of RS. 25,000/- AND ABOVE IN THE PRECEDING/LAST QUARTER.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Premium CA Customers: In order to offer incentives for keeping
more QAB in their Current Account, the following attractive concessions
shall be available to the customers during the current quarter provided
they keep the stipulated quarterly average balance of (i) Rs. 1 lac
and above, (ii) Rs. 10 lac and above in the last quarter.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remittance Facilities
through own bank * |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD
- Issue Up
to Rs.10000/- Above
Rs.10000/-
For
Students Drafts upto Rs.1000/-(in
respect of education/ examination fee only)
|
Rs.40/- Rs.3/- per Rs.1000/-or part thereof Min.Rs.40/
and Max.Rs.12000/- Rs.20/-
(above Rs.1000/- normal rate will apply) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-Cancellation |
Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-Duplicate Up to Rs.1 lakh
Above
Rs.1 lakh
DD-Revalidation |
Rs.100/-
plus actual out of pocket expenses incurred. Minimum
50% commission chargeable on the date of request or Rs.125/- which ever
is higher. Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| For Students: if demand draft(s)
were got issued for educational purposes, students shall not be required
to pay these charges. They will be required to pay only Rs.10/- for
demand drafts revalidation or cancellation, cancellation of lost Gift
cheque and cancellation of lost instrument(s). Students
are exempted from additional charges for issuance of drafts (against
deposit of cash also) for educational purposes. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO - Issue * Up to Rs.10000/- Above
Rs.10000/- |
Rs.40/- Rs.3/-
per Rs.1000/-or part thereof Min.Rs.40/ and Max.Rs.12000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-cancellation |
Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-Duplicate |
Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-Revalidation |
Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancellation
of Lost instrument(s) |
Rs.100/-
per instrument. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT – Issue * |
Rs.2.25
per Rs.1000/ or part thereof subject to Minimum Rs.225/- and Maximum
Rs.12000/- plus actual transmission charges. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT
- Cancellation |
No
charges |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT-Duplicate |
No
charges |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT-Revalidation |
No
charges |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuance
of Gift Cheques |
No
Charges |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancellation
of Lost Gift Cheque(s) |
Rs.50/-
per Gift cheque(s) requested for cancellation |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EFT Charges- inward |
No
charges prescribed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EFT Charges- outward
* (Outstation) Up to Rs.1000/- Above Rs.1000/- to Rs.5000/- Above Rs.5000/- to Rs.10000/- Above Rs.10000/- to Rs.1 lac Above Rs.1 lakh (Local) Up to Rs.1000/- Above Rs.1000/- to Rs.5000/- Above Rs.5000/- to Rs.10000/- Above Rs.10000/- |
Rs.10/- Rs.20/- Rs.25/- Rs.2.00
per Rs.1000/- or part thereof. Rs.1.50
per Rs.1000/- or part thereof minimum Rs.200/-
Rs.10/- Rs.20/- Rs.25/- Rs.1.00
per Rs.1000/- or part thereof Minimum Rs.25/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| In addition to above charges, Rs.10/-
are to be recovered in case of Inter Bank Transfer i.e. where these
are payable to other Bank and RBI. Further, EFT charges will be subject
to a minimum of Rs.30/-. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Electronic Clearing
Services: Credit Clearing |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1.
Sponsor Bank: Minimum charges
Rs.2750/- + Charges payable to RBI and Destination Bank, if any. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| a)
upto 10000 records |
@
Rs.3/- per record + charges payable to RBI and Destination Bank, if
any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| b)
Above 10000 to 100000 records |
@
Rs.2/- per record (With a minimum of Rs.30000/-)+ charges payable to
RBI and Destination Bank, if any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| c)
Above 100000 records |
@
Rs.1/- per record (With a minimum of Rs.200000/-)+ charges payable to
RBI and Destination Bank, if any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2.
Charges Payable to Destination
Bank and /or RBI: On actual basis, i.e. as waived/ prescribed by
RBI from time to time. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Electronic Clearing
Services: Debit Clearing |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ECS:
Debit Clearing |
Re.1/-
per transaction charges Minimum charges Rs.2750/- + Charges payable
to RBI and Destination Bank, if any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returning
Charges on account of insufficient funds |
Re.40/- per record (w.e.f. 01.02.2007) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Full
waiver in respect of Income Tax Refund Orders: |
No
ECS charges be levied in respect of Income Tax Refund Orders, as per
RBI/ Govt. decision. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RTGS-Outward * |
1)
0.10% per transaction, subject to a minimum of Rs.150/- and Maximum
of Rs.2000/- plus out of pocket expenses payable to RBI, if any. 2)
On upfront payment of Rs.25000/- for
usage of the RTGS facility for the next 12 months, rebate of 50% would
be admissible to the customers, subject to a minimum of Rs.150/- per
transaction |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RTGS: Inter Bank for
Clearing purposes only |
Rs.1.50
per thousand with Minimum Rs.500/- and Maximum Rs.1500/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RTGS-Inward |
Rs.20/
per transaction plus RBI charges, if any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NEFT/ SFMS* For customer related
transactions (other than Banks) |
Re.1/-
per thousand with a minimum of Rs.25/-per transaction and maximum of
Rs.2000/-+out of pocket expenses and RBI charges, if any. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Management Services |
Charges
in Paisa per Rs.1000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Type
of Centre |
(
Annual turnover in Rupees crores) >250 100-250 <100 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metro |
06 15 25 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Metro
Locations |
20 30 50 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remote
Locations |
50 70 90 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returning
charges |
Rs.120.00 per instrument. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Courier and out of
pocket expenses on ‘Actual Basis’. Out of fund position: Interest will
be charged @ BPLR+ 3.5% for the period Bank remain out of funds. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remittance Facilities
through other bank |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-
Issue |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-Cancellation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-Duplicate |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DD-Revalidation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO
- Issue |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-cancellation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-Duplicate |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PO-Revalidation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT
- Issue |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT
- Cancellation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT-Duplicate |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TT-Revalidation |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EFT
Charges- inward |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EFT
Charges- outward |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RTGS-Outward |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RTGS-Inward |
Not
applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection of Cheques
(outstation) Up to Rs.10000/- Above Rs.10000/- |
Rs.45/-
+ actual out of pocket expenses. Rs.4.50
per Rs.1000/- subject to Minimum of Rs.55/-Maximum Rs.12000/- plus actual
out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection
of outstation instruments of small Value upto Rs.500/- |
Rs.10/-
+ actual out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection
of outstation Gift Cheques upto Rs.500/- |
At
par + actual out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection of Outstation
/ Local bills |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bills
upto Rs.5000/- |
Rs.75/-
+ out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bills
over Rs.5000/- |
Rs.8/-
per Rs.1000/- or part thereof subject to a minimum of Rs.100/-+ out
of pocket expenses. Maximum Rs.12000/-. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Outstation
through another bank |
Where remitting bank has no branch, commission
to be shared on 50:50 basis |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Documents received for collection: if required to be
delivered FREE OF PAYMENT to drawee OR to be returned back as
UNREALISED. |
Normal
Collection Charges + out
of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges on Inward Collection (Bank to Bank) |
-Remittance charges to be collected from the drawee -Where remitting bank has no branch, commission to
be shared on 50:50 basis |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection
of Other Bank’s Deposit Receipts on Maturity
|
Collecting
bank shall levy charges as applicable to remittances. In the case of
local collection charges as applicable to bankers’ cheque be levied.
Paying bank is not to levy any service charges. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Documents/Bills: received for collection: CHANGE OF ORIGINAL INSTRUCTIONS in
respect of outward/inward bill for collection including (Waiving C Form,
delivery Free of Payment, extending retirement time etc.) |
Rs. 50/- PER REQUEST from the proceeds of collection unless
instructed otherwise. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Presentation of usance
bill for acceptance |
Bills upto Rs.1 lac |
Bills above Rs.1 lac |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All centre |
Rs.100/- |
Rs.150/- |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current
account with SBI Or Other Banks ( for clearing) Cheque drawn in the
account
|
A
levy of commission of 6 paise per cent will be applied in respect of
cheque drawn favouring third parties including cheques favouring other
Banks. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collection
of Local Cheque |
Collection
of local cheques on behalf of agency banks will also be charged at the
above mentioned rates. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Presentation
of usance bill for acceptance |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bouncing
of cheques- outstation- through own bank Cheque
upto Rs.10000/- Cheque
above Rs.10000/-
|
Rs.55/- Rs.75/-
or 50% of collection charges whichever is higher plus out of pocket
expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bouncing
of bills: |
Rs.75/-
or 50% of collection charges whichever is higher plus out of pocket
expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bouncing
of cheques- outstation- through another bank Cheque
upto Rs.10000/- Cheque
above Rs.10000/-
|
Rs.55/- Rs.75/-
or 50% of collection charges whichever is higher + out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cards |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM : Debit-cum ATM
card |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Membership
fee |
Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual
Fee |
Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Renewal
Charges |
Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late
Payment Charges |
Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest
Charges |
Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Replacement
charges |
Damaged
Card—Nil Lost
card Rs.275/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Statement
of Account sent through Call Centre |
Rs.20/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PNB
ATM: Cash Withdrawal Balance Enquiry |
Nil Nil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction
Charge for Partner banks (MITR)
National Financial Switch (NFS)
SBI Group
|
Cash
Withdrawal Rs.17/- Balance
Enquiry Rs.5/- Cash
Withdrawal Rs.24/- Balance
Enquiry Rs.12/-
Cash
Withdrawal Rs.22/- Balance
Enquiry Rs.10/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction
Charge for Non-Partner banks Master Card
For
International transaction |
Cash
Withdrawal Rs.38/- Balance
Enquiry Rs.8/
Cash
Withdrawal Rs.150/- Balance
Enquiry Rs.15/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit Card |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Membership
fee |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual
Fee |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Renewal
Charges |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late
Payment Charges |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest
Charges |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Replacement
charges |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash
withdrawal |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MISCELLANEOUS |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance
enquiry |
Free |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance
Certificate/ other Certificate |
Rs.50/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Postal Charges for
all services to be Charged as under: |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ordinary
Post |
Rs.15/-
or actual for ordinary post whichever is higher |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regd.
Post |
Rs.40/-
or actual expenditure- whichever is higher. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest
Certificate |
Rs.50/-
(One certificate in a year- free) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old
Record Inquiries: Upto one year old
Beyond
one year |
Min.
Rs.100/- per reference/request/document/ per sheet Rs.300/-per
reference/request/document/ sheet. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Charges
for Drawing cheque less than Rs.50/- |
Rs.10/-
per cheque |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowing
operations through power of Attorney / Mandate |
Rs.350/-
per annum. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change
of Authorized Signatory in Accounts |
Rs.
150/- per occasion(except for change due to death of the existing signatory),
No charges from senior citizens, defence forces and ex- servicemen. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advance
Against Cheques Presented in Clearing |
Minimum
Rs.50/- to be charged per cheque Plus applicable Interest charges. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transfer
of Entire balance in Saving account to any of our Branch
To
some other Bank |
Only
out of pocket expenses to be recovered
Ø
Same
station- Remittance charges as applicable to Banker cheque+ out of pocket
expenses.
Ø
Outstation-
Demand Draft charges+ out of pocket expenses. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Account closure - (Non
CBS branches) Saving and Current Account : With in one year
of opening( Except in case of death of customer) Account
closure- (CBS branches Saving account) With in six months of opening |
Rs.100/-
Rs.150/- (Except in case of death)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| For Closing Recurring
Deposit account With in one year of opening( Except in case
of death of customer) |
Rs.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Penalty
charges for depositing delayed installments in Recurring Deposit Accounts |
Penalty
charges to be levied for delayed installments in Recurring Deposit Accounts
@ Rs.2.50 for Rs.100/- p.m. irrespective of periodicity of deposit. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Use
of Fax/Telephone/Modem |
Not
Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Photo
/ Signature attestation |
Rs.50/-per
instrument (Students, pensioners, defence force personnel and war widows
exempted) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Copy
of original of cheque/draft (paid by Bank) |
Rs.100/-for
original or Rs.50/-for attested copy per instrument. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop
Payment Charges |
Rs.50/-
per instrument, Maximum Rs.500/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advance
against cheques presented in clearing |
Minimum
Rs.50/- to be charged per cheque+ applicable interest charges. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personalized
cheque book( Bearing name and account number duly printed) |
Actual
Expenditure or Rs.30/- per cheque book of 50 leaves, whichever is higher. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inoperative
account (For Non maintenance of minimum balance) Saving
Fund Account –CBS branches Saving
Fund Account–NON CBS branches Saving
Fund Account–High value branches
Current
Account - CBS branches Current
Account–NON CBS branches Current
Account–High value branches |
Rs.200/-per
quarter Rs.100/-per
half year Rs.150/-per
half year
Rs.500/-
per quarter Rs.200/-
per half year Rs.300/
per half year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Safe
Deposit Services:# |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Safe
Deposit Custody: Bank’s own deposit receipts |
Free
of cost |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Safe
Deposit of Sealed covers from Govt. Bodies/ organizations |
Rs.350/-
per cover per annum or part thereof. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Safe
Deposit of Sealed Boxes from Govt. Bodies/ organizations (Size upto
30x30x30 cm) |
Rs.3000/-
per Box per annum or part thereof. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| #
For security considerations, these services are not to be provided to
general public.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Locker Rent: Note A
rebate of 20% be allowed (for small lockers only) if locker rent is
paid in advance for a period of Five years in lump-sum and Lockers at
last two rows in the cabinet near the floor will be allowed 20% rebate
in locker rent . |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Size
of locker |
Locker Rent (Per Annum
at Metro/Urban/Semi urban Centres |
Locker Rent (Per Annum
at Rural Centres) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Small |
Rs.550/- |
Rs.400/- |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Medium |
Rs.1000/ |
Rs.1000/ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Large |
Rs.2000/- |
Rs.2000/- |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extra
Large |
Rs.4000/- |
Rs.4000/- |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Security
Deposit by way of MBFD/ Spectrum term deposit ( for the lease period
of the locker) required for lockers: |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Size
of Locker |
Amount
of Deposit # |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Small |
Rs.4000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Medium |
Rs.6000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Large |
Rs.10000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extra
Large |
Rs.20000/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| #
However, highly placed Govt. officials and prestigious customers have
been given relaxation. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free Locker Visit:
24 locker visits per year are to be permitted Free of charges, more visits to be charged @ Rs.35/- per visit. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Penalties For Locker
Rent in Default |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Size of locker |
Amount
of Penalties (at all Centres) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Small |
RS.50/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Medium |
RS.100/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Large |
RS.150/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extra Large |
RS.300/- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Any
default will attract penalty charges for a Completed Quarter and the
rent should become due w.e.f. 1st of the succeeding month
in which the locker is leased out. One month will be allowed for payment
of rent due. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
*For remittances
through cash, 20% extra to be charged in all cases, except for Students.
|
Retail Loan |
|
|
Loan Processing
Charges
(also in respect of WC limits to traders)
Upto
Rs.25000/- Above
Rs.25000/- and upto Rs.2 lac Above
Rs.2 lac For
non-fund based limits |
Nil Rs.300/- Rs.250/-
per lac or part thereof. 50%
of charges as applicable to fund based limits. |
|
Upfront Fee- For
term loan (Including DPG)- Other than Retail Segment Upto
Rs.25000/- Above
Rs.25000/- & upto Rs.2 lakh Above
Rs.2 lakh |
Nil Rs.300/- 1.25%
of the loan amount. |
|
Upfront Fee- For
term loan-Retail segment Housing
Loans Mortgage
Scheme- Upto Rs.2 Lac Over Rs. 2 Lac PNB
Fin Basket Two
Wheeler Loan Education/
Pensioner Loans |
1%
of the loan amount Rs.1000/- 1.50%
of the loan amount Min. Rs.5000/- Rs.2500/- Rs.200/-
(For students—Nil) Nil |
|
Other
Retail Schemes
(Traders, Lease Rentals, Consumers, Jewellery, Car, Personal loans and all
its variants, Doctors, Gramin Chikitsak etc.) |
0.75% of the loan amount |
|
Prepayment Charges |
@ 2% on the outstanding in respect of loan
shifted to other banks. |
|
No due Certificate/
Interest Certificate |
Rs.50/-
per certificate |
|
Solvency
Certificate: Upto Rs.1 lac Above Rs.1 lac & upto
Rs.25 lac Above Rs.25 lac & upto
Rs.50 lac Above Rs.50 lac |
Rs.650/- Rs.3300/- Rs.6500/- Rs.13000/- |
|
Documentation
Charges (other than retail)
Upto Rs. 2 lac Over Rs. 2 lac |
Nil Rs.220/-
per lac or part thereof. Maximum Rs.25000/- |
|
Documentation
Charges (Retail Segment) Housing Mortgage Scheme Two-wheeler loan/ Pensioner loans Education loan |
Rs.1500/- Rs.1000/- Rs.300/-
Rs.300/-
upto Rs. 4 lac and Rs.500/-
for over Rs.4 lac |
|
Other Retail
Segments
(Traders, Lease Rentals, Consumers, Jewellery, Car, Personal loans and its
variants, Doctors, Gramin Chikitsak, Fin Basket etc.) |
Rs.300/-
upto Rs. 2 lac and Rs.500/-
over Rs.2 lac. |
|
Charges for late
payment of EMI |
2%
above the normal rate |
|
Charges for changing
from fixed to floating rates of interest |
2%
of the balance outstanding |
|
Charges for changing
from float to fixed rates of interest |
No
Charges |
|
Co-acceptance of bills |
Rs.150/- plus 1.10%
per quarter or part thereof for the liability period, per bill. |
|
Handling charges |
Rs.15/- per lac.
Max. Rs.1 lac. To be recovered
where full waiver of processing/upfront fee is permitted in case of borrowers
availing limits of Rs.1 Crore & above |
|
LC Charges a) opening charges - Minimum charges - Usance charges: - For Bills upto 7 days
sight - Bills
> 7 days & upto 3 months sight - Bills over 3 months
sight - Commitment Charges: |
Rs.160/- 0.28% 0.55% 0.55% for first 3 months + 0.28 p.m. in excess of 3 months 0.28% for every period of 3 months or part thereof |
|
b)
Advising Inland Letter of Credit |
0.07% of each LC. Min. Rs.1000/- Flat commission of Rs.300/- for advising each amendment |
|
c) Guarantees on a/c of discrepancies in
documents |
0.33% Min. Rs.150/- |
|
d) Clean payments received under LC |
Rs.160/- |
|
e) Attestation of
invoices - At
the time of negotiation/ collection - On every subsequent
occasion |
Nil Rs.20/- per invoice. Min. Rs.30/- |
|
f. ILC - Negotiation
charges - For bills upto Rs.2.5 Lac - For bills over Rs.2.5
Lac |
0.50% Min. Rs.100/- plus interest 0.30% Min. Rs.1250/- plus interest |
|
Guarantee Commission - Performance Guarantee |
Rs.100/- + 0.60% per qtr. or part thereof with a min. of 1.20% |
|
- Other than performance guarantee |
Rs.100/- + 1.00% per qtr. or part thereof with a min. of 2% |
|
- Guarantees secured by 100% cash margin |
Rs.100/- + 25% of normal commission |
|
Lead Bank Fee |
0.30% p.a. |
|
Commitment Charges |
1% in case of
borrowers enjoying WC fund-based limits of Rs.5 Crore & above |
|
Purchase/discount of bills/cheques (a)
DD Purchase (Cheques/Drafts) (i) Local Cheques/Drafts |
Interest
rate as applicable to clean advances for the number of days funds are
advanced depending upon the time taken at different clearing centres. No
collection charges are to be levied. |
|
(ii) Outstation Cheques/Drafts |
55 paise
per cent plus collection charges for cheques
as applicable for respective slabs. |
|
(b) Purchase/Discount
of Bills (i) Demand
Bills (Clean/Documentary)
|
55 paise
per cent plus collection charges for bills as applicable for respective
slabs. |
|
(ii) Usance Bills (Clean/Documentary) |
Interest/discount
from the date of purchase/discount till due date at the interest rate
applicable for working capital advances to the respective borrower plus collection charges as applicable to
bills for collection for the respective slab. |
|
8. Facility
Cancellation Charges |
@ 2% of sanctioned fund based limits. To be recovered from those borrowers who shift to other banks
and where the applicable sanctioned rate is 9% or below |
|
9. Charges in terms & conditions of sanction |
0.02% of the loan amount.
Min. Rs.1000/-. Max. Rs.500000/- |
|
10. Allocation of
limits |
Rs.7500/-
p.a. for allocation of limit to each branch (to be recovered by controlling
branch). In
case of advances moved from one business unit to another at bank’s instance,
then no charges. |
|
11. Additional
jobs/responsibilities on behalf of lender banks, in respect of all term loans
sanctioned under consortium/ syndication/ multiple banking arrangement,
involving total term loan component of Rs.5 Crore & above |
|
|
a) Project Implementation
& monitoring fee |
Rs.100/- per lac |
|
b) Security Agency Fee |
Rs.100/- per lac per
annum |
|
c) Escrow A/c
maintenance fee |
Rs.1 lac per annum per
account |
Charges for
Agriculture Advances
|
Upfront
fee in case of term Loans only (for loans over one year) |
|
|
Upto Rs. 25,000 - Nil Above Rs.25,000 - Upto Rs. 2 lakh Above Rs. 2 lakh- |
Nil Rs. 300/- 1.25% of the loan |
|
Documentation
Charges |
|
|
Upto Rs.2 Lakh - Nil. Above Rs.2 Lakh - |
Nil Rs.220/-
Per Lakh or part thereof. Maximum Rs.25,000/- |
|
Processing charges (working capital Advances) for
loans upto one year |
|
|
Upto Rs. 25,000 Above Rs. 25,000 Upto Rs. 2 lakh Above Rs. 2 lakh |
Nil Rs.300/- Rs.250/-
per lakh or part thereof. |
|
Ledger folio Charges. |
Rs.
70 per folio per half year. (particularly
applicable in KCC among agriculture loans) |
|
Service
Charges for Issue of KCC |
|
|
For issue of New Card & Replacement of the card irrespective of
size of the limit |
Rs.
50/- per instance |
Foreign
Exchange Transactions
|
||
|
Sl. No. |
Type of
Transaction |
Charges |
|
1. |
Bills purchased/discounted/negotiated |
|
|
1.1 |
Processing
charges for each foreign currency export bill. |
-
Upto Rs.2 lacs or equivalent Rs.400/- per bill. -Over
Rs.2 lacs or equivalent Rs.800 per bill. |
|
1.2 |
Processing
charges for each Rupee export bill. |
-
Upto Rs.2 lacs or equivalent Rs.400/- per bill. -
Over Rs.2 lacs @ 0.125% of the bill amount with a minimum Rs.800/- per bill. |
|
1.3 |
Forwarding
export documents to another bank due to reasons such as LC being restricted
to the later or the LC have been confirmed by that bank. |
0.25%
of the bill amount with a minimum of Rs.500/- per bill. |
|
1.4 |
Reimbursement
commission is to be recovered when reimbursement under LC is claimed from
another bank in India. |
0.30%
of the bill amount with a minimum of Rs.750/- per bill and maximum Rs.1500/-
per bill. |
|
1.5 |
For
joining customer's guarantees and giving guarantees on behalf of customers in
respect of discrepant documents. |
0.30%
of the bill amount with a minimum of Rs.500/-. |
|
1.6 |
In
case of overdue export bills purchased/ discounted/negotiated where proceeds
are not received in Nostro a/c on or before the due date (Including deferred
exports). |
Rs.
400/- per quarter or part thereof per bill (to be recovered at the end of
every quarter). |
|
The
above charges are not applicable in case of bills drawn on countries with
externalisation problems i.e. where bills have been paid in local currency
and exporter has obtained RBI approval. |
||
|
2. |
Bills Sent on Collection Basis |
|
|
2.1 |
For
each export bill sent for collection. |
0.125%
with a minimum of Rs.500/- and maximum of Rs.10, 000/- per bill. |
|
2.2 |
Export
documents sent by the exporter directly to the overseas buyer as per extant
guidelines of Reserve Bank of India, charges for release of GR forms. |
Upto
Rs. 2 lacs or equivalent Rs. 300/- per GR form subject to minimum of Rs 500/-
per
bill.
Over
Rs. 2 lacs or equivalent Rs. 600 per GR form. |
|
2.3 |
Overdue
export bills sent for collection where proceeds are not received in India on
or before due date. |
Rs.
400/- per quarter or part thereof per bill (to be recovered at the end of
every quarter). |
|
The
above charges are not applicable in case of bills drawn on countries with
externalisation problems i.e. where bills have been paid in local currency
and exporter has obtained RBI approval. |
||
|
3. |
Certificates |
|
|
3.1 |
Issuance
of certificates/attestation in respect of export transactions. |
Rs.125/-
per certificate/ attestation (of any document including invoices) |
|
3.2 |
Registration
of export contracts |
Rs.500/-
per registration and Rs.250/- per amendment of contract. |
|
4. |
Export Letter of Credit |
|
|
4.1 |
Advising
letter of credit |
Rs.600/-
per LC |
|
4.2 |
Advising
amendment |
Rs.300/-
per amendment. |
|
4.3 |
LC
Confirmation charges |
Powers
to add confirmation to FLCs of correspondents/approved banks is vested with
IBD – HO. Detailed instructions/charges in this regard are being advised
through a separate foreign exchange circular. Discretionary
powers for relaxation of charges for adding confirmation to FLCs will
continue to be vested with Head Office. |
|
4.4 |
Transfer
of letter of credit |
Rs.600/-
for each transfer. |
|
4.5 |
Acceptance
commission for accepting usance drafts to be drawn on or accepted by banks in
India. |
0.20%
per month |
|
B. IMPORTS |
||
|
1. |
For
establishing an Import Letter of Credit/Revolving letter of credit/Letter of
credit covering imports of goods on deferred payment terms. |
|
|
1.1 |
Upto
Rs. 4 crores or equivalent |
Commitment
Charges @ 0.20% for every quarter or part thereof for the full validity of
the credit. Usance
Charges: - (i)
0.20% for bills upto 10 days sight (ii)
0.40% for bills over 10 days and upto three months sight (iii)
0.40% for the first three months plus 0.1% per month in excess of three
months for bills over three months sight. |
|
1.2 |
Over
Rs. 4 crores or equivalent |
For
bills above 4 crores and upto Rs 16 crores One half of the charges as
applicable on Rs. 4 crores and on amount exceeding Rs. 16 crores 1/4 of
charges applicable to Rs. 4 Crores. |
|
For
example, if a LC of Rs.20 crores is to be opened, normal commission upto Rs.4
crores + one half of the normal commission for Rs.12 crores + one fourth of
our normal commission on Rs.4 crores i.e. the remaining amount would be
charged. |
||
|
1.3 |
LCs
established against 100% cash margin. |
In
case of LC against 100% of cash deposit as security the charges will be 1/4
of the normal charges mentioned above. |
|
2. |
Amendment to Letter of
Credit (LC) |
|
|
2.1 |
Extension
of validity of L/C within 3 months period (for which commitment charge has
been collected). |
Rs.500/-
per amendment. |
|
2.2 |
Where
extension of validity of credit goes beyond 3 months (for which commitment
charge has been collected upto 3 months). |
Fresh
commitment charges at applicable rate per quarter or part thereof subject to
minimum of Rs. 500/-. |
|
2.3 |
In
case of enhancement of value of credit. |
Both
the usance and commitment charges as applicable to establishing a letter of
credit |
|
,
shall be recovered for the additional amount, on the outstanding liability
under the LC subject to minimum of Rs.500/-. |
||
|
2.4 |
In
case of amendment extending the tenor of the Bills of Exchange. |
Appropriate
additional usance charge shall be collected on the outstanding liability
under the LC subject to minimum of Rs.500/-. |
|
2.5 |
Amendment
other than extension of validity or enhancement of tenor of the bill of
Exchange. |
Rs.500/-
per amendment. |
|
2.6 |
For
revival of expired L/Cs within 3 months from date of expiry. |
Both
the usance and commitment charges from the date of expiry upto the validity
period of the revived letter of credit subject to minimum of Rs.500/-. |
|
2.7 |
Countersigning/Co-acceptance/Avalisation
of import bills drawn on importers. |
0.10%
per month for the tenor of the bill and where the bill of exchange drawn for
less than 3 months, minimum commission of 0.30% shall be recovered. |
|
3. |
Commission on import
bills (under L/C) |
|
|
3.1 |
Foreign
currency bills at the time of crystallisation or retirement whichever is
earlier. |
0.20%
of the bill amount. |
|
3.2 |
In
case of rupee import bills drawn under letter of credit. |
0.30%
of the bill amount. |
|
3.3 |
If
bills are 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. |
Additional
commission of 0.20% of the bill amount to be recovered. |
|
3.4 |
Foreign
currency bills under LC where no exchange benefit accrues to the opening
bank. |
0.15%
of the bill amount. |
|
3.5 |
Discrepancy
charges in case of non-confirming documents under LC. |
Rs.300/-
per discrepancy with maximum Rs.1,500/- (to be recovered from LC opening
bank/importer). |
|
4. |
Commission
on import bills (not under L/C) |
|
|
4.1 |
On
each bill drawn in Rupees and in foreign currency on which no exchange margin
accrues to the bank. |
0.450%
with a minimum Rs.500/-. |
|
4.2 |
On
each bill drawn in foreign currency on which bank earns exchange benefit. . |
0.30%
with minimum of Rs.500/-. |
|
5. |
In
case of import bills of over Rs.4 crores or equivalent |
|
|
5.1 |
Upto
Rs.4 crores or equivalent |
At
full rates specified above. |
|
5.2 |
Over
Rs. 4 crores or equivalent. |
For
bills above 4 crores and upto Rs 16 crores, One half of the charges as
applicable on Rs. 4 crores and on amount exceeding Rs. 16 crores 1/4 of
charges applicable to Rs. 4 crores. |
|
For
example if a bill of Rs.20 crores is received, normal commission upto Rs.4
crores + one half of the normal commission for Rs.12 crores + one fourth of
our normal commission on Rs.4 crores i.e. the remaining amount would be
charged. |
||
|
5.3 |
For
each bill received directly by importer from the overseas exporter/ bank, at
the time of effecting remittance. |
0.15%
of the bill amount with a minimum of Rs. 500/-. |
|
5.4 |
For
foreign currency import bill required to be forwarded to another bank which
will be required to remit the proceeds to the remitting bank abroad |
Handling
charges Rs. 500/- per bill |
|
5.5 |
Import
documents covering project imports under Inter-Government Aid Scheme and
Schemes (including projects those financed by International Agencies like
World Bank, IMF, ADB etc.) where no LC is opened. |
0.040%
irrespective of the amount of each drawing. |
|
5.6 |
Release
order pending receipt of shipping documents (Imports) for Air consignments. |
Rs.500/-
for each release order. |
|
5.7 |
Merchanting
Trade |
Commission
at 0.15% on each transaction. |
|
C. |
Guarantees |
|
|
1. |
Guarantees
in favour of shipping companies/agencies for clearance of goods pending production
of bill of lading |
|
|
1.1 |
Relating
to imports under LCs opened by the guarantor banks themselves. |
0.0750%
subject to minimum of Rs. 500/- per guarantee. |
|
1.2 |
In
all other cases. |
0.30%
at the time of issue of the guarantee. If the guarantee remains current
beyond three months an additional commission of 0.20% per month or part
thereof as long as the guarantee remains operative thereafter, subject to
minimum of Rs.500/- per guarantee. |
|
|
|
|
|
2. |
Export performance guarantees which include (i) Bid bonds (ii) Bonds for earnest money (iii) Guarantees for advance payment made by foreign
buyers to Indian exporters/contractors |
|
|
2.1 |
Guarantees
covered by ECGC counter guarantee -
Where the cover is to the extent of 75% -
Where the cover is to the extent of 90% |
0.55%
per annum +ECGC premium 0.45%
per annum + ECGC premium |
|
(Subject
to minimum of Rs.500/- per guarantee) |
||
|
2.2 |
In
case of guarantees issued against 100% counter guarantees of the Govt. of
India |
0.40%
per annum, subject to minimum of Rs. 500/- per guarantee |
|
2.3 |
In
case of guarantees issued against cash deposit to the extent of bank's
liabilities. |
0.30%
per annum, subject to minimum of Rs. 500/- per guarantee |
|
2.4 |
In
case of guarantees, which are not covered by cash deposits or ECGC/Government
of India counter guarantees. |
1.20%
per annum, subject to minimum of Rs. 500/- per guarantee |
|
2.5 |
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. |
0.10%
per month for the specified period of liability. Where the guarantee period
is less than three months, minimum commission of 0.30% of the guarantee
amount to be recovered, subject to minimum of Rs.500/- per guarantee. |
|
In
case of early redemption of the guarantees a minimum of 50% of the commission
for the unexpired period i.e. from the date of redemption to the expiry date
shall be refunded. |
||
|
2.6 |
Deferred
Payment Guarantees covering imports of goods into India/ repayment of foreign
currency loans. |
0.70%
per quarter or part thereof for the specified period of liability calculated
on the amount of liability under such guarantee at the beginning of the every
quarter. |
|
2.7 |
Guarantees
(other than those issued for project exports) issued against 100% counter
guarantees of Govt. of India and guarantees issued against 100% cash deposit
to the extent of bank's liabilities, irrespective of the amount |
1/4th
of the charges applicable for guarantees not backed by 100% counter
guarantee, subject to minimum of Rs. 500/- per guarantee. |
|
2.8 |
Guarantees
issued on behalf of Central & State Government and Corporations/
Institutions/ Companies wholly owned by them irrespective of the amount. |
One-half
of the charges prescribed as applicable to similar guarantees issued on
behalf of general clients. |
|
2.9 |
All
other guarantees. |
0.20%
per month for the specified period of liability with a minimum of 0.35%,
(subject to minimum of Rs. 500/- per guarantee). |
D. |
Miscellaneous Charges |
|
|
1. |
Inward Remittances |
|
|
1.1 |
Encashment
of TTs/ purchase of MTs/DDs in respect of which cover has been received in
Nostro Accounts |
Current
TT buying rate + handling charges as under: Upto
Rs 50,000 - Rs.100/-, Above
Rs.50,000 and upto Rs.2 lacs - Rs.200/-, Above
Rs.2 lacs - Rs.500/- (Including
cost of FIRC/courier charges/ postage). |
|
2. |
Clean Payments |
|
|
2.1 |
Where
the inward remittance has to be paid in foreign currency by way of a demand
draft/mail transfer/ payment order/telegraphic transfer. |
0.15%
of the amount with a minimum of Rs.500/- |
|
3. |
Outward Remittances |
|
|
3.1 |
Foreign
Currency |
Upto
Rs.10,000/- - Rs.100/- Above
Rs.10,000/- and upto Rs.1 lac - Rs.200/- Above
Rs.1 lac @ 0.15% with minimum Rs.300/-. |
|
3.2 |
Clean
Instruments sent for collection abroad |
Upto
Rs 1000/- nominal commission of Rs 25/- be
charged.
Above
Rs 1000 commission @ 0.30% subject to a minimum Rs 100/-. |
|
|
|
3.3 |
On
foreign currency instruments favouring resident beneficiary and sent for
collection in India |
As
applicable to inland transactions |
|
|
|
4. |
Forward
Contracts |
|
||
|
4.1 |
Charges
for Booking of forward contracts. For
NRIs Other
than NRIs |
No
charges Rs.500/-
per contract |
|
|
|
4.2 |
Charges
for early delivery/extension of contracts (including NRIs) |
Minimum
Rs. 300/ + Swap cost + interest at BPLR on outlay of funds |
|
|
|
4.3 |
Commission
for issuance of foreign currency traveler cheques |
1.25%
in case of sale of traveller cheque to Indian Resident. The commission
will be 0.30% in case of issuing FTC against foreign currency remittance at
the request of the beneficiary with a minimum of Rs.250/- |
|
|
|
5. |
Swift |
|
||
|
5.1 |
Swift
Charges -
Per message -
Full text LC/LG |
Rs.500/- Rs.1000/- |
|
|
|
6. |
Others |
|
||
6.1 |
Returning
of clean instruments/bills etc sent for collection abroad |
Charges
@ 50% of our normal charges to be recovered. |
|
|
|
6.2 |
Foreign
exchange transactions where no exchange commission is earned by the bank like
credits or debits to EEFC accounts, adjustment of packing credit from
proceeds received from another bank etc |
Commission
of 0.15% to be recovered in lieu of exchange benefit. |
|
|
|
6.3 |
TCs
- Selling |
1.25%
of Rupee equivalent. |
|
|
|
6.4 |
TCs
- Encashing |
No
separate service charges as our margin is loaded in exchange rates. |
|
|
|
6.5 |
TCs
- Foreign Currency |
No
separate service charges as our margin is loaded in exchange rates. |
|
|
|
|
|
|
|
|