Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home.Click Here for Instant Account Opening                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe        

Service Charges (applicable with effect from April 1 2019)

The revision is applicable from April 1 2019. The charges are exclusive of GST. Applicable GST will be collected separately as per the rates in force. Further any modification in the tax laws including GST will be collected separately from the customer.

1 Minimum monthly average balance requirement and monthly maintenance charges in SB accounts

1.1 Where debit card has been issued to an account holder

Monthly average balance (MAB) requirement Maintenance charges per month
Up to Rs.1000 Rs.45.00 pm

 

>Rs.1000 & up to Rs.2000 Rs.45.00 pm
>Rs.2000 & up to Rs.3000 Rs.45.00 pm
>Rs.3000 & up to Rs.4000 Rs.30.00 pm
>Rs.4000 & up to Rs.5000 Rs.25.00 pm
>Rs.5000 No charge
Debit card charges per quarter where average balance maintained is less than Rs.15000 Rs.30.00 per quarter

1.2 Where no debit card has been issued to an account holder

Branch location Monthly minimum average balance requirement
With cheque book facility Without cheque book facility
Metro 3000 1000
Urban 2500 750
Semi urban 2000 500
Rural 1000 100

1.2.1 Maintenance charges per month in non- debit card accounts but with cheque book

Monthly average balance maintained Rural Semi Urban Urban Metro
Up to Rs. 100 Rs.22 pm Rs.22 pm Rs.22 pm Rs.22 pm
> Rs.100 & up to Rs.250 Rs.22 pm Rs.22 pm Rs.22 pm Rs.22 pm
> Rs.250 & up to Rs.500 Rs.17 pm Rs.17 pm Rs.17 pm Rs.17 pm
>Rs.500 & up to Rs.750 Rs.17 pm Rs.17 pm Rs.17 pm Rs.17 pm
>Rs.750 & up to Rs.1000 Rs.17 pm Rs.17 pm Rs.17 pm Rs.17 pm
>Rs.1000 & up to Rs.2000 No charge Rs.17 pm Rs.17 pm Rs.17 pm
>Rs.2000 & up to Rs.2500 No charge No charge Rs.17 pm Rs.17 pm
>Rs.2500 & up to Rs.3000 No charge No charge No charge Rs.17 pm

1.2.2 Maintenance charges per month in non- debit card accounts without cheque book

Monthly average balance maintained Rural Semi Urban Urban Metro
Up to Rs.100 Rs.22 pm Rs.22 pm Rs.22 pm Rs.22 pm
>Rs.100 & up to Rs.250 No charge Rs.22 pm Rs.22 pm Rs.22 pm
>Rs.250 & up to Rs.500 No charge Rs.17 pm Rs.17 pm Rs.17 pm
>Rs.500 & up to Rs.750 No charge No charge Rs.17 pm Rs.17 pm
>Rs.750 & up to Rs.1000 No charge No charge No charge Rs.17 pm

The month for reckoning is calendar month.

There are exemptions from maintenance charge to the following categories of SB accounts

2 Minimum monthly average balance requirement and monthly maintenance charges in current accounts (other than classic plus current accounts)

Monthly average balance maintained Charges-pm
Less than Rs.1000 Rs.220.00
>Rs1000 & up to Rs.3000 Rs.210.00
>Rs3000 & up to Rs.5000 Rs.210.00
>Rs.5000 & up to Rs.10000 Rs.200.00
>Rs.10000 & up to Rs.25000 Rs.190.00
>Rs.25000 & up to Rs.50000 Rs.180.00

3 Minimum monthly average balance requirement and monthly maintenance charges in classic plus current accounts

Minimum average balance requirement in classic plus account is Rs.1.00 Lakh. If average balance falls short of Rs100000, monthly charges will be levied at the higher of the amounts shown below or cash handling charges for the month

Monthly average balance maintained charges-per mth
  Rs.700.00
>Rs.25000 & up to Rs.50000 Rs.650.00
>Rs.50000 & up to Rs.75000 Rs.600.00
>Rs.75000 & up to Rs.1 Lakh Rs.550.00

4 Cash transactions in current accounts (including overdraft facility against FDs and classic plus current accounts)

Category Cash received in the account Charges
1 Cash to quarterly average balance (QAB) up to 12.5 in the previous calendar quarter No charge
2 Cash to QAB exceeds 12.5 but is < 125 in the previous calendar quarter Charges at Rs.1.75 per Rs.1000.
3 Cash to QAB exceeds 125 in the previous calendar quarter Charges at Rs.3.75 per Rs.1000.

In classic plus accounts cash handling charges will be recovered upfront as for normal current accounts. To encourage Bulk Note Acceptor (BNA) use, above charges will be given 20% discount

5. Cash transactions in CCOD accounts (excluding overdraft facility against FDs and classic plus current accounts)

S. No CC OD limit
(Last quarter avg balance)
Free cash limit per month Charges above the free limit
1 Up to Rs.1 Lakh Rs.2 Lakhs Rs.2.75 per Rs.1000
2 Above Rs.1 Lakh and up to Rs.3 Lakhs Rs.5 Lakhs per month
3 Above Rs.3 Lakhs and up to Rs.5 Lakhs Rs.10 Lakhs per month
4 Above Rs.5 Lakhs and up to Rs.1 cr Rs.15 Lakhs per month
5 Above Rs.1 cr Rs.50 Lakhs per month

6 Cash transactions in savings accounts

Cash remitted in SB accounts up to Rs.1.00 Lakh in a month is free of charge. If cash remitted in a month exceeds Rs.1.00 Lakh in an account, charges at Rs.1.50 per Rs.1000.00 will be collected for the amount exceeding Rs.1.00 Lakh.

7 Cash handling charges- late receipts

Additional 25% charge to what is applicable will be levied if cash is remitted after 3.30 pm. The cut off time of 3.30 pm will be suitably modified in respect of branches which open before 10.00 am or later than 10.00 am. It will be suitably displayed in respective branches.

8 Locker rent

Locker rent is based on location of a branch where locker facility is availed. Branches are categorised into the following five categories

Category Rent per annum in Rs
Large/ Extra large Medium Small
Metro 1 5200 3300 1750
Metro 2 4700 2800 1500
Urban 4200 2300 1200
Semi urban 3200 2300 1200
Rural 3200 2300 1200

From new locker hirers locker rent will be recovered up to March end. Subsequently, locker hirers need to pay the annual rent within 3 months after the beginning of the financial year (i.e before June end). In case of delay there will be late payment penalty at 10% per quarter (or part thereof). For example rent remitted in November will attract 2 quarter penalty of 20%.

9 Cheque book issue charges

9. a Savings Bank account

Newly opened account One cheque book (20 leaves) free if opened with an amount above QAB requirement
Senior Citizen One cheque book (20 leaves) free per year
Additional cheque book
Exemptions
Courier charges recovery Rs.35 as courier charges from all where cheque book issue charges are levied.

9.b Current accounts

General category (other than classic plus)

 

Classic plus- current account

Courier charges: Rs.35.00 to all

9.c CC OD customers

Cheque book issue Rs.5.00 per leaf
Courier charges Rs.35.00

10 Transaction charges

While there will be no transaction charges in SB accounts and Classic Plus accounts, the same in CA and CCOD account is given below.

QAB range Free transactions (per quarter)
Current account  
Less than Rs.5000 25
Rs.5000 to Rs.25000 35
Rs.25000 to Rs.100000 60
Rs.1.00 Lakh to Rs.10.00 Lakh 125
> Rs.10 Lakh All
CCOD accounts 25

The transaction charge above the free limit will be at Rs.12.50 per transaction. The charges will be recovered at quarterly interval. While counting the number of transactions, we will exclude transactions done through alternate channels like ATM transactions, on-line transactions, and system generated transactions like interest application.

11 Cheque return charges

11.a Outward clearing

For instruments < Rs.10.00 Lakh Rs.200 per instrument

For instruments = or > Rs.10 Lakh Rs.300 per instrument

11.b Inward clearing

For instruments < Rs.10 Lakh Rs.250 per instrument

For instruments = or > Rs.10 Lakh Rs350 per instrument

This is applicable to all accounts including classic plus.

12 NEFT/ RTGS/ IMPS transactions

NEFT/ RTGS/ IMPS transactions will be charged as under. RTGS transactions after 3.30 pm will be charged additional Rs.5.00 per transaction.

  NEFT NEFT RTGS RTGS
On-line Thro branch On-line Thro branch
Up to Rs. 10000 Rs.2.00 Rs.2.50    
Above Rs. 10001 to Rs.1 Lakh Rs.2.50 Rs.5.00    
Above Rs.1 Lakh & up to Rs.5 Lakh Rs.10.00 Rs.15.00    
Above Rs. 2 Lakh & up to Rs.5 Lakh     Rs.15.00 Rs.25.00
Above Rs. 5 Lakh Rs.15.00 Rs.25.00 Rs.30.00 Rs.50.00
  IMPS
On-line
Up to Rs. 1000 Rs.1.00
Above Rs. 1001 to Rs.25,000 Rs.2.50
Above Rs.25001 to Rs.2 Lakh Rs.7.50

13 Non home branch cash transactions in CA and CCOD accounts

Non-home branch cash transactions will be charged at Rs.10.00 per transaction. This will be recovered at monthly interval and it is over and above other charges if any applicable to that transaction. This transaction fee is applicable to CA and CCOD accounts only.

14 Other services

S. No Item Charges
1 SB/CA closure (After 14 days from the date of opening) Rs.300.00 if closed within the first 12 months and Rs.150.00 thereafter for individuals, and Rs.600.00 for business entities (including proprietary concerns) if closed within the first 12 months and Rs.300.00 thereafter. Transfer of account from one branch to another is not treated as account closure.

 

2 Charges for ATM transactions in other bank ATMs Financial or non-financial transactions by SB account holders from other bank ATMs will be free up to 5 transactions per month.Thereafter the charges will be Rs.20.00 per transaction. This is applicable to all other than
3 Enquiries regarding old transactions (> 6 mths old) Free
4 SI for transfer within Bank
SI for transfer outside the bank
Free
Free
5 Balance certificate Rs.25.00
6 ATM cards/ Debit cards (first/ renewal/ replacement) For card replacement at customer request, Rs.250.00 per card. First time issue and bank induced replacements like on validity period expiry will be issued free.
7 Balance enquiry Free
8 Stop payment of a cheque Rs.100.00 for all. 50% concession for senior citizens and individuals in rural branches
9 Signature verification Rs.100.00 for all. 50% concession for senior citizens and individuals in rural branches
10 Foreign DD For DDs in foreign currency, the exchange is as for Rupee DDs apart from collecting foreign bank transaction charge for debit in the bank’s nostro account. Schedule of exchange rate for DDs in Rupees is given below.
11 Issue of pass book or statement Free
12 Duplicate FDR Free after taking necessary indemnity at customer’s cost
13 Sms charges SB accounts
In accounts with QAB
Current accounts
In accounts with QAB
14 Payment by ECS Rs.50.00 for all. 50% concession for senior citizens and individuals in rural branches

15 Remittance facilities (including through other banks) (Rupee or in foreigncurrency)

No DD/PO charges for staff 50% reduction on card rate will be allowed for senior citizens maintaining account with us and senior citizen’s name is the first holder in joint accounts.

A Account holders Charges for all if DD/PO is issued by debit to purchaser's account
i DD issue  
  Up to Rs.500.00 Rs. 50.00
  Rs.500.00 to 1000.00 Rs. 50.00
  Rs.1000.00 to 5000.00 Rs. 50.00
  Rs.5000.00 to 10000.00 Rs. 50.00
  Rs.10000.00 to 1.00 Lakhs Rs.3 per Rs.1000 Minimum Rs.100
  Rs.1.00 Lakh to 10.00 Lakhs Rs.3 per Rs.1000
  Rs.10.00 Lakhs and above Rs.3 per Rs.1000
ii DD cancellation Rs. 50.00
iii DD revalidation Rs. 50.00
iv DD-duplicate issue Rs.100 for DDs up to Rs.5000 & Rs.250 thereafter
v Banker’s cheque – Issue  
  Up to Rs.500.00 Rs. 50.00
  Rs.500.00 to 1000.00 Rs. 50.00
  Rs.1000.00 to 5000.00 Rs. 50.00
  Rs.5000.00 to 10000.00 Rs. 50.00
  Rs.10000.00 to 1.00 Lakhs Rs.3 per Rs.1000 Minimum Rs.100
  Rs.1.00 Lakh to 10.00 Lakhs Rs.2.00 per Rs.1000
  Rs.10.00 Lakhs and above Rs.2.00 per Rs.1000
vi Pay Order – cancellation Rs.50.00
vii Pay Order – revalidation Rs.50.00
viii Pay Order – duplicate Issuance Rs.100.00 for POs up to Rs.5000 & Rs.250.00 thereafter
B

 

Non account holders  
i DD Issue  
  Up to Rs.500.00 Rs. 50.00
  Rs.500.00 to 1000.00 Rs. 50.00
  Rs.1000.00 to 5000.00 Rs. 50.00
  Rs.5000.00 to 10000.00 Rs. 50.00
  Rs.10000.00 to 1.00 Lakhs Rs.4.00 per Rs.1000
Minimum Rs.100.00
  Rs.1.00 Lakh to 10.00 Lakhs Rs.4.00 per Rs.1000
  Rs.10.00 Lakhs and above Rs.4.00 per Rs.1000
ii DD cancellation Rs.50.00
iii DD revalidation Rs.50.00
iv DD-duplicate issue Rs.100.00 for DDs up to Rs.5000
& Rs.250 thereafter
v Banker’s cheque issue  
  Up to Rs.500.00 Rs.50.00
  Rs.500.00 to 1000.00 Rs.50.00
  Rs.1000.00 to 5000.00 Rs.50.00
  Rs.5000.00 to 10000.00 Rs.50.00
  Rs.10000.00 to 1.00 Lakhs Rs.4.00 per Rs.1000
Minimum Rs.100
  Rs.1.00 Lakh to 10.00 Lakhs Rs.2 per Rs.1000
  Rs.10.00 Lakhs and above Rs.2 per Rs.1000
vi Pay Order – cancellation Rs. 50.00
vii Pay Order – revalidation Rs. 50.00
viii Pay Order – duplicate Issuance Rs.100.00 for POs up to Rs.5000
& Rs.250.00 thereafter
C Where DD/PO is taken by remitting cash Additional charges of Re. 1.00 per Rs.1000 will be levied as cash handling charges from all for DD/BCwhere the amount of DD/BC exceeds Rs.5000

16 Collection of cheques and bills

    SB account holders general category Senior citizens & individuals in rural areas Service charges for other customers like CA, CCOD
i Collection of Outstation cheques
  Up to & incl. Rs.5000/- Rs.25.00 per instrument Rs.25.00 per instrument Rs.50.00 per instrument
  Above Rs.5000 & up to & incl. Rs.10000 Rs.50.00 per instrument Rs.25.00 per instrument Rs.100.00 per instrument
  Above Rs.10000 and up to & incl. 100,000 Rs.100.00 per instrument Rs.50.00 per instrument Rs.150.00 per instrument
  Above Rs.100,000 & up to Rs.2 Lakhs Rs.150.00 per instrument Rs.75.00 per instrument Rs.150.00 per instrument
  Above Rs.2 Lakhs & up to Rs.5 Lakhs Rs.250.00 per instrument Rs.125.00 per instrument Rs.250.00 per instrument
  Above Rs.5 Lakhs Rs.300.00 per instrument Rs.150.00 per instrument Rs.300.00 per instrument
ii Collection of bills
  Up to Rs.1000 Rs.42.00 Rs.25.00 Rs.42.00
  Rs.1000 to Rs.5000 Rs.52.00 Rs.35.00 Rs.52.00
  Rs.5000 to Rs.10000 Rs.62.00 Rs.50.00 Rs.62.00
  Rs.10000 to Rs.1.00 Lakh Rs.7.00
per Rs.1000
Rs.5.00
per Rs.1000
Rs.7.00
per Rs.1000
  Rs.1.00 Lakh to Rs.10 Lakhs Rs.6.00
per Rs.1000
Rs.5.00
per Rs.1000
Rs.6.00
per Rs.1000
  Rs.10 Lakhs and above Rs.6.00
per Rs.1000
Rs.5.00
per Rs.1000
Rs.6.00
per Rs.1000
iii Cheque collection under speed clearing
  Up to & including Rs.100,000 NIL NIL Rs.100.00
  Above Rs.100000 Rs.150.00 NIL NIL

Courier charges of Rs.35 will be recovered in addition to the above

17 Account opened under financial Inclusion – No frills accounts

Collection of cheques/bills/drafts  
Local No charges
Outstaion No charges
Issuing of cheque books up to one book No charges
For every additional cheque book Rs.10.00 per book
Commission for demand drafts /Banker’s cheque Rs.0.10 paise per Rs.100 (subject to a minimum of Rs.5.00 per instrument)

18 Processing and inspection charges

Fund based
Processing charges (other than scheme loans)
For advances up to Rs. 25,000/- (for priority sector and micro & small enterprise advances) NIL
For priority sector advances above Rs. 25,000/- and up to 2.00 Lakhs (other than micro & small enterprises advances) Rs.275.00
For priority sector advances above Rs. 2.00 Lakh and up to Rs. 5.00 Lakh (other than micro & small enterprises advances) Rs.1200.00
For micro & small enterprises advances up to Rs. 5.00 Lakh NIL
For agricultural advances up to Rs. 2.00 Lakh. NIL
For agricultural advances above Rs. 2.00 Lakh and up to Rs. 5.00 Lakh 0.10%% pa with minimum of Rs.300.00
For non-priority advances up to Rs. 5.00 Lakh 0.30% pa with a minimum of Rs700.00
For all jewel loans (other than agri) (processing, appraising and documentation) 0.50%
For all jewel loans (agri) (appraising ) 0.25%
   
For all advances above Rs. 5.00 Lakh (both priority & non-priority) (other than scheme loans)
Nature of facility Processing Charge
For working capital limits (both new and renewal) 1.00 % p.a.
Minimum Rs.5500.00
For loans (short term, medium term and long term loans 1.10 %
Minimum Rs.8000.00
Term loan review charges: (for all loans over Rs. 10 Lakh with sanctioned maturity period > 24 months) 0.10% pa
Minimum Rs.2500.00
Scheme loans Processing Charge
CUB Consumer, Easy Ride, YohaVahana, Dharani 1.25 %
Minimum Rs.700.00
CUB SwayamGraha 1.00 %
Minimum Rs.700 .00
CUB - Easy business 1.00 %
Minimum Rs.8500 .00
CUB - Dharani Special 1.25 %
Minimum Rs.2000.00
CUB- VidhyaVani (for studies in India) NIL
CUB- VidhyaVani (for studies abroad) 0.25 %
Minimum Rs3000.00
Non fund based Processing charges
For BG / LCs limit (inland) partly secured / Unsecured (new or renewal) 0.25 %
Minimum Rs.1250.00
For BG / LCs limit (inland) fully secured by deposits with CUB (new or renewal) 0.10 %
Minimum Rs.600.00

50% of loan processing charges will be recovered upfront at the time of conveying sanction to a borrower, subject to a maximum of Rs.2 Lakhs. The advance amount recovered will be adjusted against full amount at the time of availing the newly sanctioned limit

Unit inspection charges (other than stock audit fees) Per annum in Rs
Limit Below Rs. 2.00 Lakhs NIL
Limit above Rs. 2.00 Lakhs & up to Rs. 10.00 Lakhs 2250.00
Limit above Rs. 10.00 Lakhs and up to Rs. 50.00 Lakhs 3250.00
Limit above Rs. 50 Lakhs & up to Rs. 5 crores 8000.00
Limit above Rs. 5 crores 17500.00
Stock audit fees Actual
Recovery at half year ends on proportionate basis  

19 Commitment charges for non utilisation of sanctioned limit

S. No Facility Utilisation level Charges
1 CCOD facility with limit > Rs.10.00 Lakh Below 25 % 0.75 % pa
Between 26 % to 50 % 0.50 %pa
Above 51 % No charges

This will be charged on the unutilized part. New loans sanctioned (not enhancement or renewal) in a quarter of a financial year will be exempt from this charge for that financial quarter. Term Loans and OD limits against FDs and staff loans will be exempt. The fees will be levied at quarterly interval on proportionate basis based on utilization in that quarter.

20 Pre-closure of loan facility (for loans other than priority sector loans and housing loans)

It will be charged at 2% of the pre-closure amount in case of term loan and 2% of the limit in case of CCOD facility. It will not apply to loans against FDs and gold loans not falling under priority sector.

21 Processing fee- advances

In respect of new credit facility, 50% processing fee will be recovered before sanction letter is issued and the balance at the time of availing the facility.This 50% amount is non-refundable even if the facility is not availed later.

22 Charges for non-compliance with regulatory requirements and other similar requirements

The Bank is taking lot of efforts in ensuring compliance with regulatory and similar other requirements. Some customers show little importance to such requirements and the Bank’s follow up efforts take unnecessary time and effort. To bring some sort of discipline, and also to part recover expenditure in follow up, charges will be recovered as indicated below. This is apart from other punitive efforts the Bank and/or regulator may prescribe.

S. No Item Remark
1 Non submission of bill of entry in time As per RBI requirement, importers are required to submit bill of entry within 6 months from the date of remittance. Where there is delay the Bank will levy 1% per annum as non- compliance fee after the period of 6 months. The recovery will be at 1/12% per month and will be recovered from the 7th month till compliance. Part of a month will be treated as one month for levying charges

 

2 Late payment of locker rent 10% incremental rent for each quarter of default after giving a grace period of 3 months from the date the rent falls due.
3 Non submission of stock statement and financials As given in the terms of sanction to individual borrower

23 Overdue interest in loan accounts (CCOD and other loans)

Penal interest will be collected at 2% over applicable rate for the overdue period on the entire outstanding.

24 Periodicity of recovery of service charges

S. No Item Periodicity
1 Maintenance charges for SB/CA The charges will be applied at end of every month.
2 Cash handling charges As and when the transaction takes place
3 Cheque book issue As and when issued
4 Transaction charges Quarterly (for each calendar quarter)
5 Locker rent In April for the year beginning April
6 ATM transaction charges At the time of rendering service when the transaction in a month exceeds free limit
7 Others At the time of rendering the service
8 Processing charges 50 % (non-refundable) of processing charges will be recovered at the time of issue of sanction letter and the balance when the loan is disbursed
Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home.Click Here for Instant Account Opening                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe        
x