Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB. Click here to download 'CUB Easy'                 Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.                 Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.                 City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund                

service_charges1

Service Charges (applicable wef April 1 2020)

 

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

1.1 Where debit card has been issued to an account holder

Monthly average balance (MAB) requirement

Maintenance charges per month

UptoRs 1000

Rs 45 pm

>Rs 1000 &uptoRs 2000

45

>Rs 2000 &uptoRs 3000

45

>Rs 3000 &uptoRs 4000

35

>Rs 4000 &uptoRs 5000

30

>Rs 5000 &uptoRs 7500

10

>Rs 7500

No charge

Debit card charges per quarter where average balance maintained is less than Rs 15000

Rs 30 per quarter

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

Branch location

Monthly minimum average balance requirement

With cheque book facility

Without cheque book facility

Metro

3000

1000

Urban

2500

750

Semi urban

2000

500

Rural

1000

100

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

Monthly avg balance maintained

Rural

Semi Urban

Urban

Metro

UptoRs 100

Rs 22 pm

22

22

22

>Rs 100 &uptoRs 250

22

22

22

22

>Rs 250 &uptoRs 500

17

17

17

17

>Rs 500 &uptoRs 750

17

17

17

17

>Rs 750 &uptoRs 1000

17

17

17

17

>Rs 1 K &uptoRs 2K

No charge

17

17

17

>Rs 2000 &uptoRs 2500

No charge

No charge

17

17

>Rs 2500 &uptoRs 3000

No charge

No charge

No charge

17

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

Monthly average balance maintained

Rural

Semi Urban

Urban

Metro

1 to Rs 100

Rs 22 pm

22

22

22

>Rs 100 & up to Rs 250

No charge

22

22

22

>Rs 250 &uptoRs 500

No charge

17

17

17

>Rs 500 &uptoRs 750

No charge

No charge

17

17

>Rs 750 &uptoRs 1000

No charge

No charge

No charge

17

The month for reckoning is calendar month.

Transactions through Net Banking, Mobile Banking and CUB ATMs are free

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

  • Newly opened accounts for the respective quarter

  • Accounts in newly opened branches of less than one year old

  • Accounts in centres where we do not have ATM

  • Staff accounts

  • Salary Savings Accounts

  • Young India Accounts

  • Junior India accounts

  • CUB Janatha savings accounts (No frills accounts) (now called basic savings account)

  • Accounts with CUB card holders

  • NRI accounts

1.3 CUB BSBD product

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

  • The deposit of cash at bank branch as well as ATMs/CDMs

  • Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments

  • No limit on number and value of deposits that can be made in a month

  • Four withdrawals in a month, including ATM withdrawals

  • No Cheque book facility

  • ATM-cum-Debit card will be issued

  • Free passbook facility

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

Monthly average balance maintained

Charges

pm

Less than Rs 1000

230

>Rs1000&upto 3000

220

>Rs3000 &uptoRs 5000

220

>Rs 5000&uptoRs 10000

210

>Rs 10000 & up to Rs 25000

200

>Rs 25000 & up to Rs 50000

190

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

Minimum average balance requirement in classic plus account is Rs 1 lac. If average balance falls short of Rs100000, monthly charges will be levied at the higher of the amounts shown below or cash handling charges for the month

Monthly average balance maintained

charges

per mth

< Rs 25000

700.00

>Rs 25000&uptoRs 50000

650.00

>Rs 50000&uptoRs 75000

600.00

>Rs 75000&uptoRs 1 lac

550.00

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

Category

Cash received in the account

Charges

1

Cash to quarterly average balance (QAB) upto12.5 in the previous calendar quarter

No charge

2

Cash to QAB exceeds 12.5 but is < 125 in the previous calendar quarter

Charges at Rs 2 per Rs 1000.

3

Cash to QAB exceeds 125 in the previous calendar quarter

Charges at Rs 4 perRs 1000.

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

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

S No

CC OD limit

(Last quarter avg balance)

Free cash limit per month

Charges above the free limit

1

UptoRs 1 lac

Rs 2 lacs

Rs 2.75 per Rs 1000

2

Above Rs 1 lac and uptoRs 3 lacs

Rs 5 lacs per month

3

Above Rs 3 lacs and uptoRs 5 lac

Rs 10 lacs per month

4

Above Rs 5 lac to Rs 1 cr

Rs 15 lacs per month

5

Above Rs 1 cr

Rs25 lac 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 1.50 per Rs 1000 will be collected for such excess amount. If it exceeds Rs 10 lacs pm, charges at Rs 4.00 per Rs 1000 will be levied.

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 3.30pm 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 Locker rent

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

  • metro 1

  • metro 2

  • urban

  • semi urban and

  • rural

Category

Rent per annum in Rs

Large/ Extra large

Medium

Small

Metro 1

5250

3300

1800

Metro 2

4750

2800

1550

Urban

4250

2300

1250

Semi urban

3250

2300

1250

Rural

3250

2300

1250

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%.

9 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 25 will be levied to improve the electronic mode apart from the following.

9a Savings Bank account

Newly opened account

One cheque book (20 leaves) free if opened with an amount above QAB requirement

Additional cheque book

  • Rs 3 per leaf where QAB < Rs 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 3 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 35 as courier charges from all where cheque book issue charges are levied.

9b Current accounts

 

General category (other than classic plus)

  • Rs 5 per leaf where QAB < Rs100000

  • No cheque book charges where QAB >Rs 100000

Classic plus- current account

  • No cheque book charges where QAB >Rs 100000, and where it falls below Rs 1 lac they will be treated like normal current account holders.

Courier charges: Rs 35 to all

9c CC OD customers

Cheque book issue

Rs 5 per leaf

Courier charges

Rs 35

10 Transaction charges

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

QAB range

Free transactions (per quarter)

Current account

 

Less than Rs 5000

25

Rs 5000 to 25000

35

Rs 25000 to 100000

60

Rs 1 lac to Rs 10 lac

125

>Rs 10 lac

All

CCOD accounts

25

The transaction charge above the free limit will be at Rs 13 per transaction. The charges will be recovered at quarterly interval. While counting the number of transactions, we will exclude transactions done through alternate channels like ATM transactions, on-line transactions, and system generated transactions like interest application.

11 Cheque return charges

11a Outward clearing

For instruments < Rs 10 lakh Rs 200 per instrument

For instruments = or >Rs 10 lakh Rs 300 per instrument

11b Inward clearing

For instruments

For instruments = or >Rs 10 lakh Rs350 per instrument

This is applicable to all accounts including classic plus.

12 NEFT/ RTGS/ IMPS transactions

NEFT/ RTGS/ IMPS transactions will be charged as under

 

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

 

 

IMPS

On-line

Up to Rs. 1000

Rs.1.00

Above Rs. 1001 to Rs.25,000

Rs.2.50

Above Rs.25001 to Rs.2 Lakh

Rs.7.50

13 Non home branch transactions in CA and CCOD accounts

Non-home branch cash transactions will be charged at Rs 15 per transaction. This will be recovered at monthly interval and it is over and above other charges if any applicable to that transaction. This transaction fee is applicable to CA and CCOD accounts only.

14 Other services

S No

Item

Charges

1

SB/CA closure

Rs.300 if closed within the first 12 months and Rs.150thereafter 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.20 per 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 mths old)

Free

4

SI for transfer within Bank

SI for transfer outside the bank

Free

 

Free

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

SB accounts

In accounts with QAB < Rs 10000 (where card has been issued) at Rs 15 per quarter

Current accounts

In accounts with QAB < Rs 25000 at Rs 25 per quarter

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

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

No DD/PO charges for staff

50% reduction on card rate will be allowed for senior citizens maintaining account with us and senior citizen’s name is the first holder in joint accounts.

A

Account holders

Charges for all if DD/PO is issued by debit to purchaser's account

i

DD issue

 

 

Up to Rs.500.00

Rs. 50.00

 

Rs.500.00 to 1000.00

Rs. 50.00

 

Rs.1000.00 to 5000.00

Rs. 50.00

 

Rs.5000.00 to 10000.00

Rs. 50.00

 

Rs.10000.00 to 1.00lakhs

Rs 3 per Rs 1000 MinRs 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 uptoRs 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 1.00lakhs

Rs 3 per Rs 1000 MinRs 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 uptoRs 5000 &Rs 250/ thereafter

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 1.00lakhs

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 1.00lakhs

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 uptoRs 5000 &Rs 250 thereafter

C

Where DD/PO is taken by remitting cash

Additional charges of Re1 per Rs 1000 will be levied as cash handling charges from all for DD/BCwhere the amount of DD/BC exceeds Rs 5000

16 Collection of cheques and bills

 

 

SB account holders general category

Senior citizens & individuals in rural areas

Service charges for other customers like CA, CCOD

i Collection of Outstation cheques

 

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 &uptoRs 2 lacs

Rs 150 per instrument

Rs 75 per instrument

Rs 150 per instrument

 

Above Rs.2 lacs&uptoRs 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 35 will be recovered in addition to the above

17 Account opened under financial Inclusion – No frills accounts

Collection of cheques/bills/drafts

 

Local

No charges

Outstaion

No charges

Issuing of cheque books 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)

18 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 275

For priority sector advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh (other than micro & small enterprises advances)

Rs 1200

For micro & small enterprises advances uptoRs. 5.00 lakh

NIL

For agricultural advances uptoRs. 2.00 lakh.

NIL

For agricultural advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh

0.10%% pa with minimum of Rs 300

For non-priority advances uptoRs. 5.00 lakh

0.30% pa with a minimum of Rs700

For all jewel loans (other than agri) (processing, appraising and documentation)

0.50%

For all jewel loans (agri) (appraising )

0.25%

 

 

For all advances above Rs. 5.00 lakh (both priority & non-priority) (other than scheme loans)

Nature of facility

Processing Charge

For working capital limits (both new and renewal)

1.00% p.a.

Minimum Rs 5500

For loans (short term, medium term and long term loans)

1.10 %

Minimum Rs8000

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, Easy Ride, YohaVahana, Dharani

1.25%

Minimum Rs700

CUB SwayamGraha

1.00%

Minimum Rs 700

CUB - Easy business

1.00%

Minimum Rs 8500

CUB - Dharani Special

1.25%

Minimum Rs 2000

CUB- VidhyaVani (for studies in India)

NIL

CUB- VidhyaVani (for studies abroad)

0.25%

Minimum Rs3000

Non fund based

Processing charges

For BG / LCs limit (inland) partly secured / Unsecured (new or renewal)

0.25%

Minimum Rs 1250

For BG / LCs limit (inland) fully secured by deposits with CUB (new or renewal)

0.10%

Minimum Rs 600

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

2250

Limit above Rs. 10.00 lacs and uptoRs. 50.00 lacs

3250

Limit above Rs. 50 lacs & uptoRs. 5 crores

8000

Limit above Rs. 5 crores

17500

Stock audit fees

Actual

Recovery at half year ends on proportionate basis

 

19 Commitment charges for non utilisation of sanctioned limit

S No

Facility

Utilisation level

Charges

1

CCOD facility with limit >Rs 10 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.

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

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

21 Processing fee- advances

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

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

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

S No

Item

Remark

1

Non submission of bill of entry in time

As per RBI requirement, importers are required to submit bill of entry within 6 months from the date of remittance. Where there is delay the Bank will levy 1% per annum as non- compliance fee after the period of 6 months. The recovery will be at 1/12% per month and will be recovered from the 7th month till compliance. Part of a month will be treated as one month for levying charges

2

Late payment of locker rent

10% incremental rent for each quarter of default after giving a grace period of 3 months from the date the rent falls due.

3

Non submission of stock statement and financials

As given in the terms of sanction to individual borrower

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

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

24 Periodicity of recovery of service charges

S No

Item

Periodicity

1

Maintenance charges for SB/CA

The charges will be applied at end of every month.

2

Cash handling charges

As and when the transaction takes place

 

3

Cheque book issue

As and when issued

 

4

Transaction charges

Quarterly (for each calendar quarter)

5

Locker rent

In April for the year beginning April

 

6

ATM transaction charges

At the time of rendering service when the transaction in a month exceeds free limit

7

Others

At the time of rendering the service

8

Processing charges

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 The revision is applicable from April 1 2020. 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.

26 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.

x