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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 | ||
---|---|---|---|
Large/ Extra large | Medium | Small | |
Metro 1 | 5300 | 3350 | 1850 |
Metro 2 | 4800 | 2850 | 1600 |
Urban | 4300 | 2350 | 1300 |
Semi urban | 3300 | 2350 | 1300 |
Rural | 3300 | 2350 | 1300 |
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 |
|
Exemptions |
|
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. 300/instrument | |
For instruments = or >Rs 10 lakh | Rs. 400/ 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
|
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 | ATM/PIN generation/re-generation request at Branch | Rs 50 per request |
17 | ECS/NACH One Time Mandate Registration/Authorization Charges | Rs 20 per request |
18 | 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 and inspection charges
Fund based | |
---|---|
Processing charges (other than scheme loans) | |
For advances uptoRs. 25,000/- (for priority sector and
micro & small enterprise advances) |
NIL |
For priority sector advances above Rs. 25,000/- and
upto 2.00 lakhs (other than micro & small enterprises advances) |
Rs 750 |
For priority sector advances above Rs. 2.00 lakh and
upto Rs. 5.00 lakh (other than micro & small enterprises advances) |
Rs 2500 |
For micro & small enterprises advances upto Rs. 5.00 lakh | NIL |
For agricultural advances uptoRs. 2.00 lakh. | NIL |
For Agri OD limits(Fresh and renewal) | 1.00% Minimum of Rs 5500 |
For agricultural advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh |
0.15% pa with minimum of Rs 500 |
For Agricultural loans above Rs.5.00 lakh (short term, medium term and long term loans) |
1.10 % Minimum Rs.10000 |
For non-priority advances upto Rs. 5.00 lakh |
0.30% pa with a minimum of Rs 750 |
For all jewel loans (other than agri) (processing, appraising and documentation) |
0.50% |
For all jewel loans (agri) (appraising ) |
0.25% |
CUB Swarna OD/ CUB Swarna Loan Upto Rs 50.00 lakh Above Rs 50.00 lakh to Rs 1.00 Crore |
0.25% 0.15% |
Super NAJL Upto Rs 3.00 lakh Above Rs 3.00 lakh to Rs. 5.00 lakh Above Rs 5.00 lakh to Rs. 10.00 lakh |
0.10% 0.15% 0.20% |
Six Months Jewel Loan | Upto Rs.10.00 Lakhs – 0.15% Rs.10.00 lakhs to Rs.25.00 Lakhs – 0.10% Above Rs.25.00 Lakhs –0.05% |
CUB Sona Pawn Upto Rs 50.00 lakh Above Rs 50.00 lakh to Rs 1.00 Crore |
0.25% 0.15% |
LAD/ODAD Against Own Deposits/Third Party Deposits |
NIL |
For advances above Rs. 5.00 lakh | |
For all advances above Rs. 5.00 lakh (For MSE) | |
For working capital limits (both new and renewal) |
1.00% p.a. Minimum Rs 5500 |
For loans (short term, medium term and long term loans) |
1.10 % Minimum Rs.10000 |
For all advances above Rs. 5.00 lakh (Other Priority Advances)(Other Than MSE’s) | |
For working capital limits (both new and renewal) |
1.00% p.a.Minimum Rs 5500 |
For loans (short term, medium term and long term loans) | 1.10 % Minimum Rs.10000 |
For all advances above Rs. 5.00 lakh (Non priority Advances) | |
For working capital limits (both new and renewal) |
1.00% p.a.Minimum Rs 5500 |
For loans (short term, medium term and long term loans) Except for real estate exposure & future rent receivables |
1.10 % Minimum Rs.10000 |
For loans(short term, medium term and long term loans) for Real estate exposure & future rent receivables and Loans for Investment in business |
2% of Sanctioned amount/limit Minimum Rs.15000 |
Term loan review charges: (for all loans over Rs. 10 lakh with sanctioned maturity period > 24 months) | 0.10% pa Minimum Rs 2500 |
Scheme loans |
Processing Charge |
CUB Consumer, & CUB Eazy Ride | 1.25% Minimum Rs 1000 |
CUB – Yohavahana | 1.25% Minimum Rs 1000 |
Housing Loan CUB Swayam Graha Affordable Home Loan Prime Home Loan Premium Housing Loan |
Upto Rs. 25.00 lakh – 0.25% Above Rs. 25.00 lakh - 0.35% Minimum Rs. 1000 0.35% 0.25% 0.20% |
Loan against Property | 0.50% |
CUB - Dharani Special | 1.25% Minimum Rs 2000 |
CUB - Easy business | 1.00% Minimum Rs 8500 |
CUB- VidhyaVani (for studies in India) Upto Rs 10.00 lakh | Will be stipulate as per IBA Norms |
CUB- VidhyaVani (for studies abroad) Upto Rs 20.00 lakh | 0.20% Minimum Rs3000 |
Non fund based – commission | Commission Charges |
Issuance LC / BG in connection with the domestic business transactions | a) 3 % per annum b) Collateral 100% 1. upto Rs.1.00 crore secured by 100% cash collateral , then commission – 1.00 % p.a 2. above Rs.1.00 crore secured by 100% cash collateral, then commission of 2.00% p.a c) Minimum charge for any guarantee is Rs.1000/- |
Non fund based - Processing charges |
Processing Charges |
For BG / LCs limit (inland) partly secured / Unsecured (new or renewal) and cash margin is greater than 10%. | 0.25% Minimum Rs. 1250 |
For BG / LCs limit (inland) partly secured / Unsecured (new or renewal) and cash margin is 10%. | 0.30% Minimum Rs. 1500 |
For BG / LCs limit (inland) fully secured by deposits with CUB (new or renewal) | 0.10% Minimum Rs. 1000 |
Application fees: Application fees to be collected from all the borrowers at the time of submission of loan application for processing
For MSME advances | Rs.5000 |
Affordable Home loan Prime Home loan Premium Housing loan |
Upto Rs.1.00 crore – Rs.2000 Above Rs.1.00 crore – Rs.4000 |
Loan against property | Upto Rs.1.00 crore – Rs.2000 Above Rs.1.00 crore – Rs.4000 |
Processing Charges:
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 lacs. 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 lacs | NIL |
Limit above Rs. 2.00 lacs & uptoRs. 10.00 lacs | 3000 |
Limit above Rs. 10.00 lacs and uptoRs. 50.00 lacs | 5000 |
Limit above Rs. 50 lacs & uptoRs. 5 crores | 12000 |
Limit above Rs. 5 crores | 25000 |
Stock audit fees | Actual |
Recovery at half year ends on proportionate basis |
20. Commitment charges for non utilisation of sanctioned limit
S No | Facility | Utilisation level | Charges |
---|---|---|---|
1 | CCOD facility with limit >Rs 10 lakh | Below 25% | 0.75% pa |
Between 26% to 50% | 0.50%pa | ||
Above 50% | 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.
21. Pre-closure of loan facility
TYPE | CHARGES |
---|---|
LAD/ODAD | NIL |
Jewel Loan | NIL |
All floating rate term loans availed by Individual borrowers for purposes other than business. | NIL |
MSME borrowers – if loan closed from own sources | NIL |
For all other advances (other than the advances mentioned above)
Loan Limit | Pre-Closure Charge |
---|---|
If the pre-closure amount in case of term loan or loan limit sanctioned is less than Rs. 3.00 crore | 3% of the outstanding amount in case of term loan / Sanctioned limit in case of Working capital limits |
If the pre-closure amount in case of term loan or loan limit sanctioned is more than Rs. 3.00 crore | 3% of the outstanding amount in case of term loan / Sanctioned limit in case of Working capital limits |
22. 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.
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.
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 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 |
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 |
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 | 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) |
25. Charges for transaction in ATMs / POS / e-COM outside India - Usage Outside India - Wef 01-Aug-2024
Description | Charges |
---|---|
Decline charges for insufficient balance - at Other bank ATMs / POS / e-Com transaction anywhere in world or at mechant outlet / websites outside India | Rs.25/- plus applicable taxes / per transaction |
ATM charges - Usage outside India - for balance enquiry | Rs.25/- plus applicable taxes / per occasion |
Foreign currency ATM / POS /e-COM transaction charges - usage outside India | Rs.150/- plus applicable taxes / per transaction and 3.50% cross currency Mark-up charges on the transaction amount plus applicable taxes |
26. The revision is applicable from April 1st 2024. The charges are exclusive of GST. Applicable GST will be collected separately as per the rates in force.
Any modification in tax laws including GST will be to the account of the customer.
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.
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/- | |||||||||||||||||||
Export Bills purchase/discount/negotiation |
0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- Interest as per sanction terms |
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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 |
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Advising letter of credit |
Rs.1500/- per LC for customer Rs.2000/- per LC for non-customer |
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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.100/- 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. |
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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. |
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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) |
|
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 |
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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 |
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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/- |
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Import Advance/Direct Remittance |
Rs.1000/- flat Rs.1000/- Swift Charges |
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Import Collection Bills (Non LC Bills) |
Rs.0.35%- Min – Rs.1500 Maximum - Rs.50,000 |
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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/-. |
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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/- |
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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/- |
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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. |
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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. |
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Other Remittances | ||||||||||||||||||||
Outward Remittances (Other than imports) |
0.30% subject to a minimum of Rs.500/- and maximum of Rs.50000/- If remittance out of education loan, Max Rs.3000/- Swift Charges – Rs.1000/- |
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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.1000/- 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 |
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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/- |
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FCY Cheque Collection |
0.50% subject to a min of Rs.1000/- Postage & Overseas bank charges actual to be charged |
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FCY Cheque Purchase @ |
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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
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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 |
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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: 17-08-2024 09:45:36 PM