Service Charges (applicable wef April 1st 2025)

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

Minimum monthly average balance of Rs.7500 per month to be maintained. Whenever the monthly average balance falls below the required level the revised charges will be LEVIED as below :


MONTHLY AVERAGE BALANCE (MAB) REQUIREMENT MAINTENANCE CHARGES PER MONTH
UPTO Rs 1000 Rs 50 Per month
>Rs 1000 & upto Rs 2000 Rs 50 Per month
>Rs 2000 & upto Rs 3000 Rs 50 Per month
>Rs 3000 & upto Rs 4000 Rs 40 Per month
>Rs 4000 & upto Rs 5000 Rs 35 Per month
>Rs 5000 & upto Rs 7500 Rs 25 Per month
>Rs 7500 NO CHARGE
DEBIT CARD CHARGES PER QUARTER WHERE AVERAGE BALANCE MAINTAINED IS LESS THAN RS 15000 RS 50 PER QUARTER

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

Branch location Monthly minimum average balance requirement (Amount in Rs.)
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(In Rs.)

Monthly avg balance maintained Rural Semi Urban Urban Metro
Upto Rs 100 22 22 22 22
>Rs 100 & upto Rs 250 22 22 22 22
>Rs 250 & upto Rs 500 17 17 17 17
>Rs 500 & upto Rs 750 17 17 17 17
>Rs 750 & upto Rs 1000 17 17 17 17
>Rs 1000 & upto Rs 2000 No charge 17 17 17
>Rs 2000 & upto Rs 2500 No charge No charge 17 17
>Rs 2500 & upto Rs 3000 No charge No charge No charge 17

1.2.2 Maintenance charges per month in non- debit card accounts without cheque book (In Rs.)

Monthly average balance maintained Rural Semi Urban Urban Metro
Rs.1 to upto Rs 100 22 22 22 22
>Rs 100 & up to Rs 250 No charge 22 22 22
>Rs 250 & upto Rs 500 No charge 17 17 17
>Rs 500 & upto Rs 750 No charge No charge 17 17
>Rs 750 & upto Rs 1000 No charge No charge No charge 17

The month for reckoning is calendar month.

There are exemptions from maintenance charge to the following categories of SB accounts, and Transactions through Net Banking, Mobile Banking and CUB ATMs are free

The following accounts are exempted from maintenance charge and transactions through Net Banking and Mobile Banking and CUB ATMs are free. However, Financial or non-financial transactions DONE by below mentioned SB account holders from other bank ATMs will be free upto 5 transactions per month. Thereafter the charges will be Rs.20 per transaction.

1.3 CUB BSBD product

The following facilities will be offered to our customers under the revised BSBD account:


2. Minimum monthly average balance requirement and monthly maintenance charges in General current accounts

Minimum Monthly average balance to be maintained is Rs. 50,000/- Per Month, If monthly average balance falls short of Rs. 50,000/- month, charges will be levied at amount shown below

Minimum Balance Maintained GENERAL CA
MAB Above Rs.50,000/- 0
Rs.25,000/- to Rs.50,000/- 450
Rs.10,000/- to Rs.25,000/- 500
Rs.5,000/- to Rs.10,000/- 550
Rs.2,500/- to 5,000/- 600
Less than Rs.2,500/- 650

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

Minimum average balance requirement in classic plus account is Rs 1,00,000/-,  If average balance falls short of Rs.1,00,000/-, monthly charges will be levied at amounts shown below

Minimum Balance Maintained CUB CLASSIC PLUS
MAB Above Rs.1,00,000/- 0
Rs. 75,000/- to Rs.1,00,000/- 550
Rs.50,000/- to Rs.75,000/- 600
Rs.25,000/- to Rs.50,000/- 650
Rs.10,000/- to Rs.25,000/- 700
Rs.5,000/- to Rs.10,000/- 700
Rs.2,500/- to 5,000/- 700
Less than Rs.2,500/- 700

3.b Minimum monthly average balance requirement and monthly maintenance charges for other Current Accounts

Account Type Start-Up REGULAR SILVER GOLD PLATINUM
Minimum Monthly Average Balance to be Maintained 0 Rs.10,000/- Rs.25,000/- Rs.50,000/- Rs.1,00,000/-

Minimum Balance Maintained Start-Up REGULAR SILVER GOLD PLATINUM
MAB Above Rs.1,00,000/- 0 0 0 0 0
Rs. 75,000/- to Rs.1,00,000/- 0 0 0 0 550
Rs.50,000/- to Rs.75,000/- 0 0 0 0 600
Rs.25,000/- to Rs.50,000/- 0 0 0 450 650
Rs.10,000/- to Rs.25,000/- 0 0 400 500 700
Rs.5,000/- to Rs.10,000/- 0 350 450 550 700
Rs.2,500/- to 5,000/- 0 450 500 600 700
Less than Rs.2,500/- 0 500 550 650 700

4 Cash transactions in current accounts

S.no Cash received in the account GENERAL CA CLASSIC PLUS CA
1 Cash to quarterly average balance (QAB) up to 12.5 times in the previous calendar quarter No charge No charge
2 Cash to QAB exceeds 12.5 times but is < 125 times in the previous calendar quarter Charges at Rs.2.50 per Rs.1000 Charges at Rs.2.25 per Rs.1000
3 Cash to QAB exceeds 125 times in the previous calendar quarter Charges at Rs.4.50 per Rs.1000 Charges at Rs.4.25 per Rs.1000

CURRENT ACCOUNT CASH TO QUARTERLY AVERAGE BALANCE (QAB) UP TO 12.5 TIMES IN THE PREVIOUS CALENDAR QUARTER CASH TO QAB EXCEEDS 12.5 TIMES BUT IS < 125 TIMES IN THE PREVIOUS CALENDAR QUARTER CASH TO QAB EXCEEDS 125 TIMES IN THE PREVIOUS CALENDAR QUARTER
START-UP No Charge Charges at Rs.5 per Rs. 1000 Charges at Rs.6 per Rs. 1000
REGULAR No Charge Charges at Rs.4 per Rs.1000 Charges at Rs.5 per Rs.1000
SILVER No Charge Charges at Rs.3 per Rs.1000 Charges at Rs.4.75 per Rs.1000
GOLD No Charge Charges at Rs.2.50 per Rs.1000 Charges at Rs.4.50 per Rs.1000
PLATINUM No Charge Charges at Rs.2.25 per Rs.1000 Charges at Rs.4.25 per Rs.1000

Cash handling charges will be recovered upfront as for all current accounts. To encourage Bulk Note Acceptor (BNA) use, above charges will be given 20% discount


5. Cash transactions in CCOD accounts (including overdraft facility against FDs)

S No CCOD limit
(Last quarter avg balance)		 Free cash limit per month Charges above the free limit
1 Upto Rs 1 lac Rs 2 lacs per month Rs 2.75 per Rs 1000
2 Above Rs 1 lac and upto Rs 3 lacs Rs 5 lacs per month
3 Above Rs 3 lacs and upto Rs 5 lac Rs 10 lacs per month
4 Above Rs 5 lacs to Rs 1 cr Rs 15 lacs per month
5 Above Rs 1 cr Rs25 lacs per month

6. Cash transactions in savings accounts

Where cash remitted in a month exceeds Rs 1 lac in an account but less than Rs 10 lacs, charges at Rs. 3.00 per Rs 1000 will be collected for such excess amount remitted. If it exceeds Rs 10 lacs per month, charges at Rs. 5.00 per Rs 1000 will be collected.

7. Cash handling charges- late receipts

Additional 25% charge to what is applicable will be levied if cash is remitted after 3.30 pm. at the branch and on BNA. The cut off time of 3.30 pm will be suitably modified in respect of branches which open before 10 am or later than 10 am. Same additional 25% charge will be applicable for Cash Deposits made through the branches open on holidays like the second and fourth Saturdays to provide basic banking facilities primarily to retail customers.


8. Cash handling charges for small denomination notes and coins


Denomination Charges per bundle in excess of more than one bundle per month
Rs. 50/Rs.20/Rs.10/Rs.5 Rs. 30/-

In case of deposit of small denomination notes viz., Rs. 50/20/10/5 etc, an additional amount per bundle as above will be recovered where such bundles are more than one. Part of a bundle will be treated as one for charging purpose. This also applies to all types of accounts i.e SB, CA and CCOD accounts. Branches are permitted to deduct the above charges then and there.

Where coins are tendered in bulk, charges will be recovered at Rs. 10 per Rs 100 in SB, CA and CCOD accounts if more than Rs. 100 is tendered on any working day in an account.

The charges will be collected with applicable GST.


9. 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
Small Medium large Extra large
Metro 1 2150 4350 6300 6550
Metro 2 1900 3850 5800 6050
Urban 1600 3100 5050 5300
Semi urban 1500 3100 4050 4300
Rural 1400 2850 3800 4050

From new locker hirers locker rent will be recovered upto 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%.


10. Cheque book issue charges

Where the on-line or ATM channel is used for ordering a cheque book, the following charges will apply. If the request is given in a branch, handling charges of Rs 30 will be levied to improve the electronic mode apart from the following.

10a Savings Bank account

Newly opened account One cheque book (20 leaves) free if opened with an amount above QAB requirement
Senior Citizen Account One Cheque Book (20 leaves) free per year
Additional cheque book
  • - Rs 4 per leaf where QAB<10000
  • - One cheque book per financial year is free if QAB for the previous quarter at the time of issue is between Rs 10000 and Rs 50000. Charges at Rs 4 per cheque leaf are applicable from the second cheque book in a year.
  • - Cheque book free if QAB for the previous quarter at the time of issue >Rs 50000
Exemptions
  • - Staff accounts
  • -  No frills accounts
  • - NRI accounts
Courier charges recovery Rs 40 as courier charges from all where cheque book issue charges are levied.

10b. Current accounts

CURRENT ACCOUNT* SILVER GENERAL CA & GOLD CLASSIC PLUS CA & PLATINUM
Where QAB is more than Rs.1 Lakh 1st 25 Leaf Free of Charges, -Rs.6/leaf thereafter 1st 25 Leaf Free of Charges,Rs.6/leaf thereafter FREE
Where QAB is less than Rs.1 Lakh 1st 25 Leaf Free of Charges, -Rs.6/leaf thereafter 1st 25 Leaf Free of Charges,Rs.6/leaf thereafter Rs. 6/leaf

*For all other current accounts Rs.6 per Leaf

Courier charges: Rs 40 Applicable to all Current Accounts


10c. CCOD customers

Cheque book issue Rs 6 per leaf
Courier charges Rs 40

11. Transaction / Counter Service charges

While there will be no Transaction / Counter Service charges in SB accounts, Classic Plus accounts, and Platinum current accounts, charges for other current accounts and CCOD account is given below.

Transaction / Counter Service charges Charges
Current Acounts
START-UP CA Rs. 50 per transaction done
REGULAR CA Rs. 25 per transaction done
SILVER CA 4 free transactions per month after which Rs. 25/ per transaction done
GOLD & GENERAL CA 20 free transactions per month after which Rs. 15/ per transaction
PLATINUM & CUB CLASSIC PLUS CA Free
CCOD accounts 25 Free Transaction Per Quarter after which Rs. 15/ 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.


12. Cheque return charges

S.No Particulars Proposed Charges
12.a Outward clearing

For instruments < Rs 10 lakh
 Rs.300/instrument

For instruments = or > Rs 10 lakh Rs.400/instrument
12.b Inward clearing

For instruments < Rs 10 lakh
 Rs. 400/instrument

For instruments = or >Rs 10 lakh Rs. 500/ instrument

This is applicable to all accounts. For ECS/NECS/NACH returns also the above will apply

13. NEFT/ RTGS/ IMPS transactions

NEFT/ RTGS/ IMPS transactions will be charged as under

Particulars
 NEFT NEFT RTGS RTGS
On-line Thro branch On-line Thro branch
Up to Rs. 10000 Nil Rs.1.50    
Above Rs. 10001 to Rs.1 Lakh Nil Rs.4.00    
Above Rs.1 Lakh & up to Rs.5 Lakh Nil Rs.14.00    
Above Rs. 2 Lakh & up to Rs.5 Lakh     Nil Rs.24.00
Above Rs. 5 Lakh Nil Rs.24.00 Nil Rs.49.00

Particulars
 IMPS
On-line
Up to Rs. 1000 Rs.2.50
Above Rs. 1001 to Rs.25,000 Rs.5.00
Above Rs.25001 to Rs.2 Lakh Rs.15.00

14. Non home branch transactions in CA and CCOD accounts

Non-home branch cash transactions will be charged at Rs. 20 per transaction. This charge will be applicable to all branches, instead of the earlier city branch only. This transaction fee is applicable to CA and CCOD accounts only.

15. Other services

S No Item Charges
1 SB/CA closure Rs.300 if closed within the first 12 months and Rs.150 thereafter for individuals, and Rs.600 for business entities (including proprietary concerns) if closed within the first 12 months and Rs.300 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 upto 5 transactions per month. Thereafter the charges will be Rs.20per transaction.This is applicable to all other than
  • - NRE accounts
  • - SB accounts where previous calendar quarter
  • -QAB >Rs 50000
3 Enquiries regarding old transactions (> 6 months old) Free
4
SI for transfer within Bank

SI for transfer outside the bank

Auto Debit/Standing Instruction Transaction Failure within bank		 Free

Free

Rs. 50 per transaction
5 Balance certificate Rs 25
6 ATM cards/ Debit cards (first/ renewal/ replacement) For card replacement at customer request, Rs 250 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 for all. 50% concession for senior citizens and individuals in rural branches
9 Signature verification Rs 100 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 Free
12 Duplicate FDR Free after taking necessary indemnity at customer’s cost
13 Sms charges Savings and Current accounts SMS charges at 25 paise per sms on alerts for the entire quarter or Rs 25 plus GST whichever is lower. This will be applied in accounts where prescribed minimum balance of Rs.15000 in Savings Accounts and Rs.50000 in Current Accounts has not been maintained.
14 Payment by ECS Rs 50 for all. 50% concession for senior citizens and individuals in rural branches
15 Statement of account If printed statements are required, it will be charged at Rs 10 per sheet with a maximum of Rs 25. However, It is free for E-Statements.
16 Statement of accounts for the period prior to five years Rs.100/- plus applicable taxes per month multiplied by the number of months requested
17 ATM/PIN generation/re-generation request at Branch Rs 50 per request +applicable taxes
18 Decline charges for insufficient balance-other bank ATMs /POS/e-com anywhere in the world or at a merchant outlet/websites outside India Rs.25 + applicable taxes per transaction
19 Cross-currency mark-up charges on foreign currency transactions on debit cards 3.50% +applicable taxes
20 ATM charges –usage outside India –Balance enquiry Rs.25 +applicable taxes
21 ATM/POS charges –usage outside India and Ecom transactions Rs.150+ applicable taxes per transaction +3.50% cross currency Mark-up
22 Acquiring Bank Charges /commission on their card network 2% of transaction amount
23 ECS/NACH One Time Mandate Registration/Authorization Charges Rs 20 per request
24 Electronic-Bank Guarantee & Digital Loans, Digital Documents Execution Charges Rs 250 +GST

16. Remittance facilities (including through other banks) (Rupee or in foreign currency)

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 Min 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 upto 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 Min 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 for POs upto Rs 5000 & Rs 250/ 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 Rs4 per Rs 1000 Minimum Rs 100
Rs.1.00 Lakh to 10.00 Lakhs Rs 4 per Rs 1000
Rs.10.00 Lakhs and above – Rs 4 per Rs 1000
ii DD cancellation Rs. 50.00
iii DD revalidation Rs. 50.00
iv DD-duplicate issue Rs 100 for DDs uptoRs 5000 &Rs 250/ thereafter
v Banker’s cheque issue
Upto 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 per Rs 1000 Min 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 for POs upto Rs 5000 & Rs 250 thereafter

C Where DD/PO is taken by remitting cash Additional charges of Rs 1 per Rs 1000 will be levied as cash handling charges from all for DD/BC where the amount of DD/BC exceeds Rs 5000

17. 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

Upto & incl. Rs.5000/- Rs 25 per instrument Rs 25 per instrument Rs 50 per instrument

Above Rs.5000 & upto & incl. Rs.10000 Rs 50 per instrument Rs 25 per instrument Rs 100 per instrument

Above Rs.10000 and upto & incl. 100,000 Rs 100 per instrument Rs 50 per instrument Rs 150 per instrument

Above Rs.100,000 & upto Rs 2 lacs Rs 150 per instrument Rs 75 per instrument Rs 150 per instrument

Above Rs.2 lacs & upto Rs 5 lacs Rs 250 per instrument Rs 125 per instrument Rs 250 per instrument

Above Rs.5 lacs Rs 300 per instrument Rs 150 per instrument Rs 300 per instrument
ii Collection of bills

UPTO Rs.1000 Rs.42/- Rs.25/- Rs.42/-

Rs.1000 to Rs.5000 Rs.52/- Rs.35/- Rs.52/-

Rs.5000 to Rs.10000 Rs.62/- Rs.50/- Rs.62/-

Rs.10000 to Rs.1.00 lac Rs.7/- per 1000 Rs.5/- per Rs 1000 Rs.7/- per 1000

Rs.1.00 lac to Rs 10 lacs Rs.6/- per 1000 Rs.5/- per Rs 1000 Rs.6/- per 1000

Rs 10 lacs and above Rs.6/- per 1000 Rs.5/- per Rs 1000 Rs.6/- per 1000

iii Cheque collection under speed clearing

Upto & including Rs.100,000 NIL NIL Rs 100

Above Rs 100000 Rs 150 NIL NIL

Courier charges of Rs 40 will be recovered in addition to the above


18. Account opened under financial Inclusion – No frills accounts

Collection of cheques/bills/drafts Charges
Local No charges
Outstation No charges
Issuing of cheque books upto one book No charges
For every additional cheque book Rs.10 per book
Commission for demand drafts /Banker’s cheque 10 paise per Rs.100 (subject to a minimum of Rs.5 per instrument)

19. Processing charges on Fund Based and Non- Fund Based credit facilities
(For Fresh, enhancement and renewal)

19 a. Fund Based Facilities

Loan/Limit Nature Processing charges (other than scheme loans)
1.Upto Rs. 25000.00 Priority Sector Advances
(Other than MSEs)		 NIL
2.Above Rs. 25000.00 - Rs. 2.00 lakh Rs 750
3. Above Rs. 2.00 lakh - Rs. 5.00 lakh Rs 2500
4. Above Rs. 5.00 lakh (working capital limit) Up to 1.00% p.a
Minimum Rs. 5500.00
5. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) Up to 1.10%
Minimum Rs. 10000.00
6.Upto Rs. 5.00 lakh
(working capital & Term loan)		 Micro and Small Enterprises
(MSEs)		 NIL
7.Above Rs. 5.00 lakh (working capital limit) Up to 1.00% p.a.
Minimum Rs. 5000.00
8. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) Up to 1.10%
Minimum Rs. 10000.00
9.Upto Rs. 5.00 lakh (working capital & Term loan)
 Medium Enterprises Rs. 2500.00
10.Above Rs. 5.00 lakh(working capital & Term loan) Up to 1.10% p.a. Minimum Rs. 10000.00
11. Upto Rs. 5.00 lakh (working capital & Term loan) Other advances Up to 1.00%
Minimum Rs. 5500.00
12. Above Rs. 5.00 lakh (working capital) Up to 1.10% p.a.
Minimum Rs. 7500.00
13. Above Rs. 5.00 lakh(short term , medium term loan and long term loan except for real estate exposure ) Up to 1.10% p.a.
Minimum Rs. 25000.00
14. Above Rs. 5.00 lakh(short term , medium term loan and long term loan for real estate exposure ) Up to 2% p.a.
Minimum Rs. 20000.00
15.Upto Rs. 5.00 lakh (Agri Overdrafts incl KCC,Crop loans and other loans) Agricultural advances- Farm credit
Agri Infrastructure
Agri Ancillary services		 Nil (Up to Rs. 5.00 lakh)
16. Above Rs. 5.00 lakh (Agri Overdrafts) Up to 1.00% p.a
Minimum of Rs. 5000.00
17. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) Up to 1.10% p.a.
Minimum Rs. 10000.00


19 b. Non Fund Based Facilities

Limit(any quantum) Nature Charges
For BG / LCs limit (inland) partly secured / Unsecured and cash margin is above 10% All Advances 0.25% p.a.
Minimum Rs. 1250.00
For BG / LCs limit (inland) partly secured / Unsecured and cash margin is 10% & below. 0.30% p.a.
Minimum Rs. 1500.00
For BG / LCs limit (inland) partly secured / Unsecured and cash margin is 10% & below. 0.10% p.a.
Minimum Rs. 1000.00
If Guarantees are secured by third party deposits of our bank, then an additional 0.10% shall be charged over and above the stipulated rate.

20. CUB Schemes

Name of the scheme
Charges
CUB Dharani Special 1.25% Minimum Rs 2000
CUB Eazy Ride, CUB Consumer 1.25% Minimum Rs 1000
CUB Yohavahana 1.25% Minimum Rs 1000
CUB – Vidhya Vani scheme (Merit) Nil for Studies in India 0.20% studies in abroad
CUB – Vidhya Vani (Management) Studies in India Rs. 200.00 for loans upto Rs. 2.00 lakh
Rs. 1000.00 for loans above Rs. 2.00 lakh
Studies in abroad - 0.20%. Minimum Rs.3000/-
CUB Sovereign Gold Bond(OD/TL) 0.25% p.a.
Loan against Deposit & Overdraft against Deposit Nil
CUB Sona – Others(Corporate) 0.25% p.a- Up to Rs. 50.00 lakh
0.15% -Above Rs. 50.00 lakh
Supply Chain Finance- Vendor Finance and Dealer Finance Up to 1% p.a


21. Gold loan

Name of the scheme
Processing Fee Appraiser Fee Reappraiser Fee
Agri Jewel loan
Nil – Upto Rs. 3.00 lakh
0.15% p.a. – Above Rs. 3.00 lakh		 0.25% Between 0.15% to 0.25%
Agri Jewel loan-Fisherman
 Nil – Upto Rs. 2.00 lakh 0.25% Between 0.15% to 0.25%
Non Agri Jewel loan
 0.25% p.a. 0.25% Between 0.15% to 0.25%
6 months Gold loan
 0.15% p.a. – Upto Rs. 10.00 lakh
0.10% p.a- Above Rs. 10.00 lakh - Rs. 25.00 lakh
0.05% p.a.-Above Rs. 25.00 lakh 		0.25% Between 0.15% to 0.25%
Quick Jewel loan
 0.10% p.a. 0.25% Between 0.15% to 0.25%
Gold Plus OD/ Loan
 0.25% p.a. 0.25% Between 0.15% to 0.25%
CUB SONA - Pawn
 0.25% p.a- Upto Rs.50.00 lakh
0.15% -Above Rs.50.00 lakh		 0.25% Between 0.15% to 0.25%


22 Other charges:


A)Commission charges

Non fund based Commission Charges
Issuance of LC / BG in connection with the domestic business transactions 1. 3 % p.a.
2.Upto Rs. 1.00 crore crore secured by 100% cash collateral, then commission of 1.00% p.a
3.Above Rs.1.00 crore secured by 100% cash collateral, then commission of 2.00% p.a
4.Minimum charge for any guarantee is Rs.1000/-


B)Other charges



Charge type Nature of advance Charges
1.Application Fees MSME / NON MSME Up to Rs.5000
CUB Eazy Ride Up to Rs.750
Cub Yohavahana Up to Rs.750
2.Unit Inspection charges(other than stock audit fees) All advances(as given below)
Up to Rs. 50.00 lakh- Rs.5000
Above Rs. 50.00 lakh-Rs.5.00 Crore-Rs.12000
Above Rs. 5.00 Crores-Rs. 25000
3.Stock Audit Fees Actual
Recovery at half year ends on proportionate basis
4.Loan review charges for all loans over Rs. 10 lakh with sanctioned maturity period & 24 months) 0.10% pa Minimum Rs. 2500
5.Commitment charges CCOD facility with limit above Rs. 10.00 lakh Utilisation level Charges
Below 25% - 0.75% p.a.
Between 26% to 50%-0.50% p.a.
Above 50% - 75% - 0.25% p.a
Above 75% - No charges



Commitment charges - 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 loan / OD limit against fixed deposits and staff loans are exempted. The fees will be levied at quarterly interval on proportionate basis based on utilization in that quarter.

Charge type Charges
6. Issuance of Solvency Certificates
Solvency Certificate up to (Rs. in lakh) Charges to be collected
Up to 10.00 (inclusive) 1000
Above 10.00 and up to 25.00

 2500
Above 25.00 and up to 50.00 5000
Above 50.00 and up to 100.00 10000
Above 100.00 20000

23. 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.

Nature of Charge Charges
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 2% per annum as non- compliance fee from the 7th month till compliance. Part of a month will be treated as one month for levying charges
Non-submission of stock statement and financials Stock Statement & book Debt Statement: Rs.2500 per instance of delay.
Stock Statement not submitted within 15 days of the succeeding month to be treated as non-submission except where period is extended/ specified by the sanctioning authority or in the scheme
Financial Statements: Audited Financial Statements of the previous FY to be submitted not later than 31st October of the preceding year in case of non-submission, Rs.5000/- per month of delay (part days will be treated as full month).


23.a Other Charges to be introduced (they also need to be declared in the KFS)

Nature Penal Charges
Non-submission of renewal papers Rs. 10,000/- for every month of delay (Non-submission of Renewal Data 30 days before the due date for renewal of limits. To be calculated on the Sanctioned Limit for the period of default/ delay).
Non-compliance of sanction terms pertaining to security creation (including extended timelines permitted by the competent authority) Rs. 20,000/- for every month of delay
(Penalty to be levied from the next day of the expiry of the stipulated/ extended time period for perfection of security till the security is created. To be calculated on the Sanctioned Limit for the period of default/ delay).
Breach of Financial Covenants If breach in more than 2 covenants then additional interest of 1% shall be charged till financial covenant is complied with.
Non-compliance of sanction terms – Other Conditions Additional interest of 1% shall be charged till the covenants are complied with.
Irregularity in Cash Credit/ Overdraft/ Term Loan Account a) Irregularity up to 60 Days: 2.00% per annum on the irregular portion for the period of irregularity.
b) Continuous irregular for a period beyond 60 days: 2.50% per annum on the outstanding for the period of irregularity.
For Microfinance Loans, penalty, if any, for delayed payment shall be applied on the overdue amount and not on the entire loan amount.


23.b Penal Charges

Nature of charge Nature of advance Charges
Prepayment / Preclosure of loan

(Other than Mortgage loans and unsecured business / Personal loans (retail assets)) 		LAD/ODAD Nil
Jewel loan Nil
Micro, Small Enterprises (MSE) No Pre-payment penalty on floating/fixed rate term loan /limits shall be levied in respect of all MSEs borrowers in line with MSE code 2015.
Prepayment does not include transfer/take over of loans by other Banks/FIs. Hence, for pre-closure of loan/OD by borrowers involving the transfer of accounts to other banks/FIs, penalty @ 2% of the amount taken over need to be levied
Individual Borrowers No Pre-payment penalty / foreclosure charges on floating rate term loans shall be levied in respect of loans sanctioned for Personal purposes to individual borrowers.
Prepayment penalty of 2.00% shall be collected on the outstanding amount in respect of all floating rate term loans sanctioned for business purposes to individual borrowers
Others(Other than MSEs & Individuals) Prepayment penalty of 2.00% shall be collected on the outstanding liability wherever the borrowers make request for transfer of loan /OD accounts to other banks/FIs.
For pre-closure of loan/OD by borrowers not involving the transfer of accounts to other banks/FIs, no penalty need to be levied.
Delayed payment of dues including Principal, interest , service charges, retirement of bills etc Priority Sector loans
Sanction amount Penal charges
Upto Rs. 25000.00

 Nil
AboveRs. 25000.00 - Rs. 2.00 lakh 1.00 %p.a. on the amount of default
Above Rs. 2.00 lakh 1.00 %p.a. on the amount of default
In respect of Agricultural Term loans penal charges will not apply upto 3 months from due date.
All advances under Government sponsored schemes are exempted under the purview of penal charges in respect of delayed payment of dues.
Penal charges is to be charged only on delayed payments (instalment and /or interest) for the overdue period and not on the entire liability. Penalty shall be charged for the actual number of days of default.
Delayed payment of dues including Principal, interest , service charges, retirement of bills etc Non-Priority Sector loans
Sanction amount Penal charges
Upto Rs. 5000.00 Nil
AboveRs. 5000.00 2.00 %p.a. on the amount of default
Penalty is to be charged only on delayed payments (instalment and /or interest) for the overdue period and not on the entire liability. Penalty shall be charged for the actual number of days of default.
Delayed payment of dues including Principal, interest , service charges Education loans
Sanction amount Penal charges
Upto Rs. 25000.00 Nil
Above Rs.25000.00 - Rs. 2.00 lakh 1.00 %p.a. on the amount of default
Above Rs. 2.00 lakh 1.00 %p.a. on the amount of default
Penalty is to be charged only on delayed payments (instalment and /or interest) for the overdue period and not on the entire liability. Penalty shall be charged for the actual number of days of default.
Drawings in excess of sanctioned limits(including expired limits)
in CCOD accounts & KCC including WCDL

 2.00% p.a. on the overdrawn portion till the account is regularized. Penalty shall be charged for the actual number of days of overdrawing.
Bills Purchased
a) Demand bills
b) Usance Bills 		2.00% p.a from the date of overdue and upto the date of realisation / recovery.
Delay in Creation of EM charge/ second charge 1.00% p.a. on the outstanding liability.
Normally a time of 30days will be allowed for creation of charges. Delayed period starts after that date except where extension is allowed by the sanctioning authority
Delay in submission of Audited Financial statement 2.00% p.a on the entire liability of the party for the delayed period. Penalty shall be charged for the actual number of days of delay. In case of individual / proprietary concern maximum time period allowed period is 31st August every year. For partnership firm, Corporates and others maximum time period allowed period is 30th November every year.

24. Service charges for Mortgage loans (Home loan and Loan against property)

Bank reserves the right to ask the documentary proof of source of funds for closure request of loans.


Parameter Charges
Loan Processing Charges (Non-Refundable) Up to 2% of loan amount.
The processing/login fee is a one-time non-refundable fee and is collected by the Bank for the purpose of appraising the Application for the Facility and the same is independent of the outcome/result of such appraisal. The processing fee is payable at the time of submitting of the Application, by way of Cheque/Demand Draft favouring the Bank and/or such other mode as may be acceptable to the Bank.
Conversion charges •For all floating (adjustable) rate linked term loan to Fixed or floating (adjustable) Rs. 3,000.
•Semi Fixed / Fixed Interest Rate to Floating rate- 2% of the principal outstanding
•For Overdraft - 0.5% of the principal outstanding
Premature closure / Foreclosure charges For the Facility with Fixed Interest Rate at the time of prepayment:
1. 2% on home loan, home improvement loan, and top up on home loan on amount prepaid and, on all amounts, tendered by the Borrower(s) towards prepayment of the Facility during the last one year from the date of final prepayment.
2. 4% on non-home loan (i.e. Loan against Property, Loan for commercial property purchase, Loan against rent receivables, Non-Home Loan Top Up, Overdraft) on amount prepaid and on all amounts tendered by the Borrower(s) towards Prepayment of the Facility during the last one year from the date of final prepayment.
3. Nil Prepayment charges on fixed rate loans if loan is booked under priority sector lending and Borrower(s) type is Small or Micro & Loan amount is less than or equal to Rs. 50 lacs.
For the Facility with Floating rate at the time of prepayment:
1. Nil prepayment charges on home loan and home improvement loan to Individuals.
2. Nil prepayment charges on the following.
• Top up on home loan where the Borrower is individual and the end use of the loan facility is other than business purpose & the loan is closed with own funds
• On non-home loan (Loan against property / Loan for commercial property purchase, Loan against rent receivables) where loan is given to Individual Borrower(s) and the end use of the Facility is other than business purpose and the loan is closed with borrowers’ own funds.
• Loans booked under priority sector lending and Borrower(s) type is Micro or Small Enterprise and the loan is closed with borrowers’ own funds.
3. 4% on amount prepaid and, on all amounts, tendered by the Borrower(s) towards prepayment of the Facility during the last one year from the date of final prepayment on home loan top up and on non-home loan (Loan against property / Loan for commercial property purchase, Loan against rent receivables) where the loan is given to individual Borrower(s)
  • • For business purpose
  • • Other than business purpose and the loan is not closed with own funds and to Non-Individual Borrower(s)
  • • Micro or Small Enterprise and the loan is not closed with borrowers’ own funds.
  • • For all other customers, applicable irrespective of source of funds

4. 4% on applicable operating limit as per the original sanctioned terms (month in which discontinued) on Dropline overdraft accounts including the limit reduction if any opted during the last one year by making pre-payments, from the date of final prepayment where the loan is given to individual Borrower(s) and to non-individual borrower(s). The clause is applicable for Micro or Small Enterprises only if the loan is not closed with borrowers’ own funds.
Part Prepayment Fees Up to 20% of the outstanding principal amount in a financial year for term loans and up to 20% of the outstanding limit in a financial year (calculated from the limit in the beginning of financial year) – Nil.
Beyond 20%, the rate applicable to prepayment / foreclosure charges will be applicable
Note:
1. Foreclosure/Preclosure of the loan is allowed post payment of the 1st EMI with applicable charges.
2. The minimum part payment amount should be equivalent to 3 EMIs and the maximum part payment amount should be equivalent to the loan outstanding amount excluding the last EMI.
3. Maximum 3-part payment requests are allowed in a Financial Year
Administrative Charges Up to Rs.10000/- per property for residential / commercial property (office or shop) up to 10000 sq.ft. For any other property / for higher sq.ft properties, bank will have the right to seek additional amount as demanded by the valuer / lawyers.
(The Administrative charges are a one-time non-refundable charge collected by the Lender for the purpose of appraising the valuation and legal verification of property to ascertain suitability of accepting the property for mortgage and the same is independent of the outcome /result of such appraisal)
Non-refundable charges under Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) Rs. 100/- for each property
Issuance charges for photocopy of property documents / retrieval of documents post disbursement of loan – per instance Rs.200/- per document set
Duplicate interest certificate (Provisional / Actual) issuance charges per instance Rs.250/-
Charges of list of documents (LOD) Rs.500/- (per instance)
Other statutory / Mortgage creation charges like stamp duty, MOE etc Actuals
Revision in spread 0.1% of principal outstanding or Rs.3000/- whichever is higher per proposal.
Charges for non-adherence to Escrow account of sanction terms (Applicable for Loan against rent receivables) 2% per annum on principal outstanding for non-compliance of agreed terms up to its fulfilment (charged on quarterly basis)
Property Swapping / partial Property release 0.1% of the loan amount. Minimum of 10000 and maximum of 25000 per property

Note:

24.a Penal charges specific to mortgage loans

Penal Charges in the event of default/delay in payment/repayment of any part of the loan amount on due date Penal Charges shall be equal to 5% per annum on the overdue sum from the due date to the actual payment date plus applicable taxes or other statutory levies, if any.
Penal charges for non-collection of property documents post 60 days from the loan closure date Rs. 1,000/- Every month charges will be levied till collection of documents.
Penal Charges for breach of construction timeline In case of land loan, the Borrower(s) shall complete the construction of the house within 4 years. If the construction of the house is not completed within 4 years from the first disbursement date the Borrower shall be liable to pay Penal Charges as under
1% annually on the principal outstanding or Rs. 50,000/- whichever is lower or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank.
Penal Charges will be levied every year after 4 years till the construction is completed.
Renewal Fees (Applicable for Drop line Overdraft Product) Rs. 5000
Loan / Property Document Retreival Charges per instance Rs. 500
Non-refundable charges under Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) Rs. 100/-
Auction charges for repossessed asset At Actuals
Charges incurred in filing legal suit At Actuals
Charges incurred in SARFAESI proceedings At Actuals
Enforcement charges At Actuals
Paper advertisement charges At Actuals
Professional charges (Advocate Charges/Retainer ship Charges) At Actuals
Repossession charges At Actuals
Security guard charges At Actuals
Cheque/Auto Debit/Electronic Clearing Service bounce charges per transaction Rs. 500/- charges per bounce/return/dishonor of cheques and /or any payment instruction including AD / ECS / NEFT / E-Cheque or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank.
Cheque/Repayment mode swap charges per instance Rs. 500
Charges for Amortisation Schedule per instance Rs. 200/- for physical print out at the branch
Charges for Statement of account per instance Rs. 200/- for physical print out at the branch
Charges for prepayment statement per instance Rs. 200/- for physical print out at the branch
Charges for duplicate NOC/No Dues Certificate per instance Rs. 250/-
Charge for revalidation of no objection certificate per instance Rs. 250/-
Penal charges for non-submission of the post disbursement documents Rs. 5000/- per month (will be levied from the day the document is due till the same is not submitted)

Note:


25. Charges for unsecured personal loans / Business loans

Parameter Charges
Loan Processing Charges (Non-Refundable) Up to 2% of loan amount.
The processing/login fee is a one-time non-refundable fee and is collected by the Bank for the purpose of appraising the Application for the Facility and the same is independent of the outcome/result of such appraisal. The processing fee is payable at the time of submitting of the Application, by way of Cheque/Demand Draft favouring the Bank and/or such other mode as may be acceptable to the Bank.
Prepayment of loans Personal loans and unsecured business loans
Foreclosure is not permitted up to 12 months.
3% of the outstanding principal amount on the date of closure.
Penalty on EMI defaults Penal Charges in the event of default/delay in payment/repayment of any part of the loan amount on due date
Penal Charges shall be equal to 5% per annum on the overdue sum from the due date to the actual payment date plus applicable taxes or other statutory levies, if any.
Repayment mode swap charges Rs. 500
Loan cancellation charges a. Nil – If the loan is cancelled within the free look/cooling off period (i.e. 15 days from the date of disbursement). Processing Fee will be non-refundable
b. If the loan is cancelled after the cooling off period, cancellation fee of Rs. 2,500 is applicable
Part payment charges 3% on the part payment amount being paid. No part payment allowed in the first 12 months.
Cheque/Auto Debit/Electronic Clearing Service bounce charges per transaction Rs. 500/- charges per bounce/return/dishonor of cheques and /or any payment instruction including AD / ECS / NEFT / E-Cheque or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank.
Cheque/Repayment mode swap charges per instance Rs. 500
Charges for Amortisation Schedule per instance Rs. 200/- for physical print out at the branch
Charges for Statement of account per instance Rs. 200/- for physical print out at the branch
Charges for prepayment statement per instance Rs. 200/- for physical print out at the branch
Charges for duplicate NOC/No Dues Certificate per instance Rs. 250/-
Charge for revalidation of no objection certificate per instance Rs. 250/-
Penal charges for non-submission of the post disbursement documents Rs. 5000/- per month (will be levied from the day the document is due till the same is not submitted)
Duplicate interest certificate (Provisional / Actual) issuance charges per instance Rs. 250/-

Note:

Proposed Cooling off period for Digital lending cases – 3 days.


26. 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 As and when a loan is sanctioned and disbursed
9 SMS Charges Quarterly (for each calendar quarter)
10 Debit Card Charges Quarterly (for each calendar quarter)

27. GST issues in Current and Savings (CASA) accounts

Tax authorities have made a claim on the Bank stating that monthly minimum balance charges collected by the Bank are to compensate the Bank towards banking services rendered in these accounts where the average balance falls below threshold level(s). The tax authorities contend that these services have been rendered free to customers who maintain balance above these threshold level(s). On this premise they have raised a claim on the Bank on GST payable by the Bank on such free services in all the accounts where the balance is above the threshold level(s). The Bank has appealed against the claim. In case the Bank is required to pay the claimed amount of GST, GST on proportionate basis will be recovered from all CASA accounts where no minimum balance charges have been levied. Per account GST will depend on likely outcome of the tax litigation.

Any modification in tax laws including GST will be to the account of the customer.


FREE OF CHARGE ACCOUNTS

1) CUB YOUNG INDIA:
2. CUB JUNIOR INDIA:
3. CUB NRE SAVINGS:
4. CUB PMJDY SAVINGS:
5. CUB BSBD ACCOUNTS:

The following facilities will be offered to our customers under the revised BSBD account:


28. Service Charges for Forex Transactions

Transaction Charges
Exports
Advance Remittance for Exports 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/-
Export Bills sent on collection & Export Bill sent directly by the exporter 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/-
Regularisation of export bills against payment received in INR through RTGS/NEFT/IMPS and other similar mechanism towards export of goods 0.15% subject to a minimum of Rs.1000/- and maximum of Rs.10000/-
Export Bills purchase/discount/negotiation 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/-

Interest as per sanction terms
Export Bills submitted against Advance Remittance already received For advance remittance received through our Bank – No charges


For advance remittance received through other bank
Less than one year - Rs. 1000
More than one year - Rs. 2500
Advising letter of credit Rs.1500/- per LC for customer
Rs.2000/- per LC for non-customer
Advising amendment Rs.750/- per amendment for customers, Rs. 1000/- per amendment for non-customers
Transfer of letter of credit Rs.2000/- for each transfer
Issuance of eFIRC Rs.200/- per eFIRC
Overdue export bills sent for collection where proceeds are not received in India on or before due date.
(Overdue will be reckoned from 01st Jan 2016) 		For shipping bills pending for more than 9 months from the date of shipment Rs.500/- per quarter per shipping bill to be recovered at the end of every quarter.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in EDPMS within 1 month from the date of debit of charges.
Export Advance Remittance pending submission of shipping bills beyond period of one year
(For remittances received after 01.01.2016) 		Rs.500/- per remittance will be charged every quarter.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in EDPMS within 1 month from the date of debit of charges.
Issuance of Certificate/Attestation of any other document including invoices Rs.750/-per document
GR Waiver Certificate Rs.500/- per certificate
Crystallisation of foreign currency export bill 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/-
Approval for writing off of export bill Rs.1000/-per request.
Approval for extension of due date for realization of export bill by Bank/RBI Rs.1000/-per extension per bill.
Reimbursement claim Rs.1000/- flat
Agency Commission As applicable to outward remittance/FDD
Handling charges for dishonor/return of export bill unpaid Rs.1000/- per bill plus other bank charges, if any.
Imports
Import Letters of Credit (Issue)
Validity Upto 3 months Beyond 3 months and upto 6 months
Usance
Sight 0.65% 0.85%
Upto 3 months 0.80% 1.00%
Beyond 3 months and upto 6 months 1.10% 1.30%
Swift Charges 2000
If the validity or usance period exceeds 6 months – 0.20% will be charged additionally for each 3 month block. 		Same Charges

Minimum – Rs.5,000/-

Swift Charges – Rs.2500/-

(For 100% margin deposit, 50% of the charges)

In addition, overseas bank charges if any will be recovered


In case of cancellation of LC (Before Expiry) Minimum Rs.5000/- will be charged and balance will be refunded to the customer.

No refund of SWIFT Charges
Import Letters of Credit (Amendment) Rs.1000/- flat
Swift Charges –Rs.1000/- flat

In case of extension of period & increase in amount, charges will be collected as applicable for issuance of LC
Import Bills under Letters of Credit No Charges
Discrepancy Fee for bills received under LCs USD 75 or equv
Extension of LC after expiry (within 3 months from expiry date) Charges will be collected as applicable for issuance of LC.

Swift Charges – Rs.1000/-
Import Advance/Direct Remittance Rs.1200/- flat

Rs.1000/- Swift Charges
Import Collection Bills (Non LC Bills) Rs.0.35%- Min – Rs.1500
Maximum - Rs.50,000
Import Collection Bills
(Release of Bills on Free of Payment) 		Rs.2000/- flat
Issue of Letter of Undertaking (LOU) for Buyers Credit 3% p.a for the period of LOU subject to a minimum of Rs.5000/-

(For 100% margin deposit, 1% p.a. subject to a minimum of Rs.5000/-)

Swift Charges Rs.2500/-.
Foreign Bank Guarantee/SBLC 3% p.a for the period of BG subject to a minimum of Rs.5000/- (For 100% margin deposit, 1% p.a. subject to a minimum of Rs.5000/-). In addition, actual commission payable to correspondent bank will be recovered.

Swift Charges Rs.2500/-
Co-Acceptance of Import Bills received on collection basis 3% p.a for the period of Co-acceptance subject to a minimum of Rs.5000/- (For 100% margin deposit, 1% p.a. subject to a minimum of Rs.5000/-).

Swift Charges Rs.1000/-
For foreign currency import bill required to be forwarded to another bank for remitting proceeds to the remitting bank abroad Rs. 2000/- per bill
Release order pending receipt of shipping documents under Import LC. Rs.1000/- for each release order
Custody charge for overdue collection bills Rs.500/-per quarter for each bill if the bill is not paid within 10 days from the due date/date of presentation. (To be collected at the end of each quarter).
Import Outward Remittances pending submission of Bill of Entry for more than 6 months from the date of remittance Rs.500/- per import remittance every quarter.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in IDPMS within 1 month from the date of debit of charges.
Bill of Entry pending for more than 6 months without closure or extension Rs.500/- per Bill of Entry every quarter.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in IDPMS within 1 month from the date of debit of charges.
Other Remittances
Outward Remittances
(Other than imports) 		0.30% subject to a minimum of Rs.750/- and maximum of Rs.50000/-

If remittance out of education loan, Max Rs.3000/-

Swift Charges – Rs.1000/-
Outward Remittances for Overseas Direct Investments 0.30% subject to a minimum of Rs.5000/- and maximum of Rs.50000/-
Foreign Currency Cheque Issue/FDD Rs.1500/- per instrument
FCY Cheque Cancellation/Stop Payment Rs.500/- per Cheque/FDD
Inward Remittances
Foreign Direct Investments 		0.30% subject to a minimum of Rs.5000/- and maximum of Rs.10000/-
Inward Remittances
(Other than Advance Remittance for Exports & Foreign Direct Investments) 		Upto Rs.5 lakhs – Rs.500
Above Rs.5 Lakhs upto Rs.10 Lakhs – Rs.1000
Above Rs.10 Lakhs Rs.1500
Merchanting Trade(Inward) 0.30% subject to a minimum of Rs.2000/- and maximum of Rs.25000/-
Merchanting Trade(Outward) 0.30% subject to a minimum of Rs.2000/- and maximum of Rs.25000/-

Swift Charges – Rs.1000/-
FCY Cheque Collection 0.50% subject to a min of Rs.1000/-

Postage & Overseas bank charges actual to be charged
FCY Cheque Purchase @ Cheque purchase facility stands withdrawn. Collection of cheques denominated in foreign currency will be done subject to availability of collection arrangement with correspondent banks and also at the discretion of the Bank.
FCY Cheque Return Charges Rs.1000/- flat
Forward Contract Booking Rs.750/
Forward Contract Cancellation Rs.500/-
Encashment of foreign travelers cheques, travel card and currency notes NIL
Sale of foreign currency notes NIL
Sale of foreign currency travelers cheques and travel cards

NIL

Exchange of one form of foreign exchange into another 1% with a min of Rs.100/- per transaction
Travellers Cheques/Travel CardForeign Currency Encashment Certificate NIL
Others
Query through SWIFT relating to exports, imports, other remittances Rs.500/- per message
Opinion Report Actual cost of opinion report + Rs.500/-
Foreign Inward Remittance Advice/Certificate Rs.100/- per advice/certificate
Issuance of duplicate debit/credit advices/Swift messages/FIRC/BRC etc., Rs.100/- per advice/Swift message
Enquiry related to old record Rs.250/- upto 5 years
Rs.500/- above 5 years





Concession on charges: Request for concession in charges shall be considered by Executive-in-Charge of IBD on case to case basis.

Request for concession in LC commission can be considered by Credit Department without reference to the charges mentioned above with exception to Minimum Charges and Swift Charges.

Other Related Points


Last Updated on: 01-03-2025 06:49:03 PM

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