
Interest Rates and Service Charges
Note : All services charges are exclusive of GST. w.e.f. 20.06.2019 GST at applicable rate i.e. 18.00% ( at present ) of service charges will be levied extra on these service charges.
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Door Step Banking
The charges for each service of Doorstep banking is Rs 75 plus applicable GST.
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Deposit and Allied Services
Sr. No. Area of Banking Service Revised Service charges ( Excluding GST) w.e.f. 01.07.2020 1 Ledger Folio Charges Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits & Fast Access) Our charges is Rs 125/- per 25 entries (one folio) Current Accounts:- Av. Cr. Bal (Rs) Folios (per quarter)* Up to Rs 25000 All folios are chargeable Above Rs 25000/- to Rs 1 lac Chargeable after 2 folios Above Rs 1 to Rs 2 lac Chargeable after 5 folios Above Rs 2 to Rs 5 lac Chargeable after 10 folios Above Rs 5 lac Folio Charges not applicable
For A/cs maintained on computers, 25 entries or part thereof to be treated as one ledger page.
Ledger folio charges to be recovered on quarterly basis.
Excluding Transactions done through ADC in CA/CC/ODTransaction Charges Metro- Urban Savings Bank Accounts – ( excluding BSBD and FI accounts**) - Upto 50 debit entries Charges – Not applicable
- Exceeding 50 debit entries : Rs 15/- per debit
- Standing Instructions
- Transactions through ADC incl. ECS
- Auto sweep, system generated (service charge, interest etc.)
** For BSBD and FI accounts there is no service chargesRural/Semi urban branches , Senior Citizen and Pensioners at any branch Savings Bank Accounts – ( excluding BSBD and FI accounts**) - Upto 50 debit entries Charges – Not applicable
- Exceeding 50 debit entries : Rs 12/- per debit
- Standing Instructions
- Transactions through ADC incl. ECS
- Auto sweep, system generated (service charge, interest etc.)
2 a) Charges for issue of Duplicate Statement / Pass Book
Individual: ( SB, Time deposits) Metro- Urban Rs100/- per Duplicate Passbook/statement with latest Balance only. Charges applicable after first passbook.
Charges for previous entries (if required) Rs 75/- per ledger page or part thereofIndividual: ( SB, Time deposits) Rural/Semi urban branches , Senior Citizen and Pensioners at any branch Rs 75/- per Duplicate Passbook/statement with latest Balance only. Charges applicable after first passbook.
Charges for previous entries (if required) Rs60/- per ledger page or part thereofNon- Individual: ( CA/CC/OD) Rs 150/- per Duplicate statement with latest balance only (charges applicable after first statement).
Charges for previous entries (if required) Rs 150/- per ledger page or part thereof. Note:
For accounts maintained on computers, 25 entries or part thereof be treated as one ledger page.b) Issue of letter of
acknowledgement/ duplicate TDR in case of loss of TDRNon Individual ( CA,CC, OD) For Letter of Acknowledgement & Duplicate TDR - Rs 175/- (in Both cases) Individual (SB, other deposits)
Metro- Urban
For Letter of Acknowledgement & Duplicate TDR - Rs 150/- (in Both cases)Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Individual (SB, other deposits) For Letter of Acknowledgement & Duplicate TDR - Rs 125/- (in Both cases)3 Cheque Book
Issuance ChargesSavings bank account: Metro-Urban After -30- leaves in a financial year charges @ Rs 4 per cheque leaf. Savings bank account: Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Savings Bank customer of Rural branches, Senior citizen and pensioners
Rs.2.50 per cheque leaf
Only two cheque books will be issued at a timeCurrent/CC/OD After issuance of 1st cheque book, charges for subsequent cheque book @ Rs 5.00/- per leaf. Note: 1st Cheque book means cheque book of 50 leaves. Wherever cheque books are printed by the customer after obtaining permission of Stationary and Security Form Department, Head Office, Baroda, the cost of paper should be recovered from the customer at the rate of Rs 1000/- per 1000 leaves (over and above charges to be paid by customer directly to the printer for printing.) 4 Opening & Maintenance of Minimum Balances Current Accounts. (CA 101) Individual / Non Individual Rural / Semi-Urban Rs 2000/- Urban Rs 5,000/-* Metro Rs 10,000/- * Savings Bank Accounts. (SB 101) Rural Rs 500* Semi-Urban Rs 1000* Urban / Metro Rs 2000/-* Baroda Basic Savings Bank account
Zero balanceBaroda Pensioners Savings Bank account SB 114
Zero Balance Note: No Minimum Balance charges in SB A/cs to be recovered from employees’ institutional salary A/cs i.e. not only institutions maintaining account with the branch but also of employees whose salary is paid through SB a/cs maintained with the branch. Branches can open zero balance A/cs of such institutional employees whose salary is paid through us. Hence salary accounts to be opened / transferred to scheme code SB 113,115. If salary/pension is discontinued in these accounts, account will be transferred to SB 101 and charges will be applicable accordingly.5 Charges for not maintaining minimum balance Current Account as under:
- 16th March to 15th June
- 16th June to 15th September
- 16th September to 15th December
- 16th December to 15th March
Saving Bank account as under:
- 1st April to 30th June
- 1st July to 30th September
- 1st October to 31st December
- 1st January to 31st March
Current Account
Metro
Quarterly Average Balance (QAB) of Rs 10000/- is not maintainedRs 800/- per quarter
Quarterly Average Balance (QAB) of Rs 5000/- is not maintainedRs 600/- per quarter
Quarterly Average Balance (QAB) of Rs 2000/- is not maintainedRs 400/- per quarter SB Accounts Urban / Metro Rs 250 per
quarter
If QAB is in the range
Rs1500- Rs200025% Rs 1000 - Rs 1499 50% Rs 500 - Rs 999 75% Below Rs 500 100% SB Accounts- Rural / Semi-Urban- branches,Senior citizen /pensioners at any branch Rs 125/- per quarter
If QAB is in the range
Rs375- Rs50025% Rs 250 - Rs 374 50% Rs 125 - Rs 249 75% Below Rs 125 100%
If QAB is in the range
Rs750- Rs100025% Rs 500- Rs 749 50% Rs 250- Rs 499 75% Below Rs 250 100% Charges will not be applicable in following types of accounts Savings Bank - No frills A/c
Baroda Basic Savings Bank account-
Baroda Pensioner’s Savings Bank account-SB-114
Baroda Salary Advantage AccountFor maintaining Balance Quarter is defined as under: 16th March to 15th June
16th June to 15th September
16th September to 15th December
16th December to 15th March6 Addition / Deletion of names in Joint Accounts/Change in operational instructions (including Lockers) Savings and other deposit accounts
Metro/Urban
Rs 200/- per occasion Not applicable for deletion of name on account of death of customer in joint A/c.Savings and other deposit accounts
Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Rs 175/- per occasion Not applicable for deletion of name on account of death of customer in joint A/c.7 Nomination Not applicable for First time nomination Modification / Change in nomination – Rs 100/- per occasion 8 Charges for Standing instructions Within the Bank - Not chargeable Rs 50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i. e in other branches / Offices such as LIC etc. plus actual postage charges 9 Charges for inability to carry out standing instructions due to insufficient balance in the account Rs 100/- per occasion. 10 Charges for Stop Payment instructions
(Per Instrument)Metro-Urban Savings Bank Rs100/- per instrument Rural/Semi urban branches , Senior Citizen and Pensioners at any branch Savings Bank Rs75/- per instrument CA/CC/OD
All branchesRs 200/- per instrument In case of loss of complete blank cheque book
CA/CC/OD- All branches
In case of loss of complete blank cheque book
Max. ceiling as below:C.A./C.C./OD Rs 1000 Metro-Urban
SBSavings Bank Rs 500/- Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Savings BankRs 400/- 11 Charges for Cheque returned unpaid –(Inward) Clearing / Transfer Charges for Cheque returned unpaid –(Outward) Clearing / Transfer
CA/CC/OD- All branches Upto 1 lac Rs 150/- Above Rs 1 lac to less than Rs 1 crore Rs 250/- For Rs 1 crore and above Rs 500/- Metro-Urban (SB)
Upto 1 lacRs 125/- Above Rs 1 lac to less than Rs 1 crore Rs 250/- For Rs 1 crore and above Rs 500/- Rural/Semi urban branches , Senior Citizen and Pensioners at any branch- Savings Bank Upto 1 lac Rs 100/- Above Rs 1 lac to less than Rs 1 crore Rs 225/- For Rs 1 crore and above Rs 450/- CA/CC/OD- All branches (Financial Reason) Upto Rs 1 lac Rs 250/- Above Rs 1 lac to less than Rs 1 crore Rs 500/- For Rs 1 crore and above Rs 750/- Metro-Urban (SB) (Financial Reason) Upto Rs 1 lac Rs 225/- Above Rs 1 lac to less than Rs 1 crore Rs 475/- For Rs 1 crore and above Rs 725/- Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (Financial Reason)
Savings BankUpto Rs 1 lac Rs 200/- Above Rs 1 lac to less than Rs 1 crore Rs 450/- For Rs 1 crore and above Rs 700/-
For technical reasons- not at the fault of customer- No chargesCharges for entries (Dr.) received through ECS and not responded:- As per cheque return charges 12 Incidental charges for inoperative accounts Inoperative Savings Bank a/cs.All branches - Account maintaining stipulated minimum balance - Nil
For inoperative Current Account –All branches Nil charges for inoperative current account Branch should endeavor for making inoperative A/Cs into operative by follow up. 13 Charges for issuance of Balance Certificate, at the request of customer. CA/CC/OD ( All branches) Rs 150/- per certificate Metro-Urban (SB) Rs 125/- per certificate
Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (SB) Rs 100/- per certificate14 Charges for issuance of Interest Certificate, at the request of customer CA/CC/OD (All branches) For Second/Additional Certificate Rs 100 per copy Metro-Urban (SB) For Second/Additional Certificate Rs 75 per copy Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (SB)
For Second/Additional Certificate Rs 50 per copy15 Closure of A/cs -within a year Saving Account: Metro-Urban No charges - if the account is closed within 14 days of first customer induced credit into the account.
- No charges, if account is closed due to death of Account Holder.
Saving Account: Rural/Semi urban branches , Senior Citizen and Pensioners at any branch No charges - if the account is closed within 14 days of first customer induced credit into the account.
- No charges, if account is closed due to death of Account Holder.
Current account –All branches
No charges- if the account is closed within 14 days of first customer induced credit into the account.
- if account is closed due to death of Account Holder.
- If account closed beyond 14 days but within 1 year of the first customer induced transaction :
Non -Individual –RD/YSJY -All branches 150/-
Closure of Account due to death of Account Holder – No ChargesIndividual - RD/YSJY
Metro-Urban
Rs.100 Closure of Account due to death of Account Holder – No ChargesIndividual - RD/YSJY
Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Rs.80/-
Closure of Account due to death of Account Holder – No Charges16 Issue of Solvency Certificate Commercial Rs 500 per lac Min. Rs 1500/- Max.
Rs 25000/-
NOTE:
For issuance of capacity certificate for obtaining VISA for educational purpose for students- only 50% of the charges as mentioned above subject to maximum Rs 2500/-Non commercial Rs 300
per lacMin. Rs 1000/-
Max. Rs 15000/-Charges for issuance of Bankers Certificate on behalf of contractor clients for participating in the Government tender. Rs 1000/- per certificate 17 Opening accounts with restrictive operations Current, Cash Credit, Over Draft Account One time at the time of acceptance of instruction or at the time of modification Rs 500/- Savings Bank Account Rs 100/- 18 Allowing operations in an a/c through a) Power of Attorney b) Mandate One time charges at the time of acceptance/modification of instructions. Savings Bank Accounts Rs 500/- Current, Cash Credit, Over Draft Account Rs 1000/- 19 Change of authorized signatory including reconstitution of A/c. Current, Cash Credit, Over Draft Account Rs 250/- per change 20 Copy of original of cheque / DD (paid by the Bank) Rs 100 upto 6 months old record
Rest - Rs 250
No change21 Penalty on late payment of installment on RD account Irrespective of tenure uniform rate of Rs 1.0 per Rs 100/- per month across the board. If instalment is paid in subsequent month there should not be any penalty -
Collection
Sr.No. Area of Banking Service Revised service charges excluding GST w.e.f. 01.07.2020 1 Collection of outstation cheques (By sending cheques physically) - Through our bank’s branches
Charges are mandated by RBI- At all branches
CHARGES MANDATED BY RBI w.e.f. 30.03.2012Upto Rs 5,000/- Rs 25/- Above Rs 5,000/- and upto Rs 10000/- Rs 50/- Above Rs 10,000/- to Rs 1/- Lac Rs 100/- Above Rs 1 Lac to Rs 5 Lac Rs 200/- Above Rs 5 Lac to Rs 10 Lac Rs 225/- Above Rs 10 Lac Rs 250/-
Discretion to Branch Manager to charge upto 50% on adhoc basis within the overall limit of our charges in deserving cases.B) Direct through other banks i.e. instruments drawn at a centre where we have no branch. Above Charges are to be shared on 50:50 basis between collecting bank and paying bank and proceeds should be remitted through RTGS /NEFT to other bank. 2 Cheques collected through our branch for another bank For Immediate credit of outstation cheques -- Our usual collection charges should be recovered in full Outstation Cheque return charges 50% of collection charges Collection of other Banks deposits / receipts on maturity If proceeds are invested in FD then no charges. Else flat – Rs 50/- 3. Collection of Bills (Clean / Doc.-Demand & Usance) - Applicable to IBCs
Bills for Amount : Upto Rs 1/- lac Rs 12- Per Rs 1000/- or part thereof subject to Minimum Rs 100/- Above Rs 1 lac upto Rs 10/- lacs Rs 11/- per Rs 1000/- or part thereof subject to Minimum Rs 1200/- Above Rs 10/- lacs Rs 10/- per Rs 1000/- Min. Rs 10,000/- & Max. Rs12,000/- b) Applicable to OBCs Bills for Amount Upto Rs 100000/- Rs 10/- per Rs 1000/- or part thereof subject to minimum Rs 100/- Above Rs 1 lac upto Rs 10/- lacs Rs 9/- per Rs 1000/- or part thereof subject to a min. of Rs 1000/- Above Rs 10/- lacs Rs 8/- per Rs 1000/- Min. Rs 9,000/- & Max. Rs 15,000/- 4 Handling charges for bills returned unpaid.
Local
OutstationRs 100/- per instrument 50% of the collection charges subject to a min. Rs 200/- Note: Postage/courier is to be recovered on actual basis in higher multiple of Rs 5/-. 5 Charges for presentation of usance bills Rs 100/- per bill. (Also in cases of BP/BD – where there is a change in instructions 6 Change of original instruction in respect of OBC/ IBC e.g. - Delivering free of payment
- waiving 'c' form etc
- Allowing rebate
- Extending time for retirement
Rs 100/- per request -
Remittances
1. Charges at Branch against RTGS and NEFT charges mentioned under section Service charges & Fees
Sr. No. Area of Banking Service System/Manual Revised service charges ( excluding GST) w.e.f. 01.07.2020 1. Issuance of DD/BC System Individual- Upto Rs 1 lac Semi-Urban/Rural, Sr.Citizen and Pensioner at any branch Individual- Upto Rs 1 lac Metro-Urban Upto Rs 5000/- Rs 40/- Above Rs 5000/- to 25000/- Rs 60/- 25001 to Rs 1 lac Rs 3/- per thousand or part thereof
Minimum Rs 40/- maximum Rs 300/-Above Rs 1 lac Rs 4/- per thousand or part thereof. Minimum Rs 400/- and Maximum Rs 15000/- Upto Rs 5000/- Rs 30/- Above Rs 5000/- to 25000/- Rs 50/- 25001 to Rs 1 lac Rs 2.50/- per thousand or part thereof Minimum Rs 30/- maximum Rs 250/- Above Rs 1 lac Rs3.50/- per thousand or part thereof. Minimum Rs 350/- and Maximum Rs 15000/- Non- Individual upto Rs 1 lac ( all branches) Upto Rs 5000/- Rs 50/- Above Rs 5000/- to Rs25000/- Rs 75/- Rs25001 to Rs 1 lac Rs 4/- per thousand or part thereof Minimum Rs 50/- maximum Rs 400/- Above Rs1 lac Rs 5/- per thousand or part thereof.
Minimum Rs 500/- Maximum Rs 15000/-2. Cancellation of DD/ Bankers' cheque and/
Issue of fresh DD/ Bankers' cheque in lieu of lost one.-Duplicate DD/BCSystem
DD Lost Manual- through menu GSTTMIndividual Up to Rs 500/- NIL Above Rs 500/- Rs 75/- per instrument In case of lost instrument Up to Rs 500/- Rs 20/- Above Rs 500/- Rs 175/- per instrument Non Individual
Up to Rs 500/-Rs.20/- Above Rs 500/- Rs 100/- per instrument In case of lost instrument Up to Rs 500/- Rs 30/- Above Rs 500/- Rs 200/- per instrument 3. Against tender of cash for any mode of remittance Manual 50% plus higher charges over floor rates 4. Remittance of fund through RTGS (Through Cheque)
As per RBI circular RBI/2011-12/166-DPSS(CO)RTGS No. 388/04/04/.002/2011-12 dated 05.09.2011System As per RBI guidelines
A) On all RTGS Transactions (INWARD)----NIL
B) Outward charges
Transaction Rs. 2 Lacs to Rs. 5 Lacs Above Rs. 5 Lacs Rs. 24.50 Rs. 49.50 5. Payment of Fixed deposit to other bank Manual Remittance charges as applicable plus out of pocket expenses CLARIFICATIONS: The powers for granting concessions / waiver in respect of remittances charges are as under.
- a) In case of borrowal accounts the waiver / reduction in charges will be decided by the sanctioning authority of the advance a/c (not below the rank of Regional Manager). Thus, for advances sanctioned / reviewed under the discretionary lending powers of the branch then the waiver/reduction will have to be referred to the Regional Manager. Wherever waiver / concession in remittance charges are sought in an advance account, the credit proposal must mention about the same giving proper justification, overall yield in the account and benefit accruing to the branch. To make it abundantly clear, we mention that for credit proposals falling within OR beyond the sanctioning /review powers of the Branch head and containing recommendation for granting waiver/concession in remittance charges to the party then the powers to grant such concession/waiver will rest with the respective Regional Manager and above.
For credit limits beyond the sanction powers of the Regional Manager, such concession / waiver in remittance charges in borrowal accounts shall be considered by the concerned sanctioning authority i.e Zonal Head / ZOCC/ GM ( Credit) / ED /CMD / Board as the case may be.
b) In case of accounts other than borrowal accounts the charges can be waived / reduced, keeping in view the value of the account , as under.
1.The branch should submit the proposal to the Regional Manager, on case to case basis, along with its recommendations for due consideration- subject to half yearly review.
2.For proposals pertaining to more than one Region, but within the same Zone the powers to reduce/ waive are vested with the Zonal Manager.
For proposals covering more than one Zone, the powers to reduce / waive the service charges are vested with the Concerned Functional Head. For Current Account and Savings Bank account- GM-Deposit-Resources, (Retail Liabilities Savings and Term deposit)No change -
Miscellaneous Services
Sr. No. Area of Banking Service Revised service charges ( excluding GST) w.e.f. 01.07.2020 1 Safe Custody Charges
Sealed Covers: Rs 350/- per cover per annum or part thereof. (4” x 12,- thickness x 1/2”)
More than the above size, charges as applicable for sealed boxes
Sealed boxes – Rs 3000/- per box per annum (size 200 cubic inch)Bank’s own Deposit Receipt : No charges
2 Service Charges for handling scrips
As per discretion of Regional Manager
3 Attestation of customer’s signature
Non Individual /Joint accounts
Rs.150/- per instrument/occasion
Individual, Senior Citizen, Pensioners at any branch Rs.100/-4 Inquiries relating to old records.
More than 3 months to 12 months old
Rs 100/- per item
More than 12 months to 3 years old
Rs 300/- per item
Above 3 years upto 7 years
Rs 500/- per item
Above 7 years
Rs 1000/- per item
5 Photo attestation
Rs 150/- per photo /occasion
6 Cash Handling Charges-FOR CASH DEPOSIT
(Applicable to base branch, Local Non-base branches)For CA/OD/CC/Other Accounts:(Base and local Non base branch)
Beyond Cash Deposit of Rs. 50000/- Or above 10 packets i.e. 1000 pieces of notes of any denominations taken together,whichever is higher charges will be levied as under – Above 10 packets – i.e. 1000 pieces of notescharges will be levied @ Rs.10/- per packet or a part thereof. (Min. Rs.10/- Maxi. Rs.10000/- .(per day per txn
Savings bank account- (Base and local Non base branch)
Metro-Urban**
Cash Deposit – Chargeable Beyond5 transactionsin a month (excluding Alternate Channel transaction) -Rs 50/- per transaction
Savings Bank accounts Rural /Semi Urban branches , Pensioner and Senior Citizen At any branch**
Cash Deposit – Chargeable Beyond 5 transactions in a month (excluding Alternate Channel transaction) -Rs 40/- per transaction
(In case of cash aggregatingRs 50000/- or more deposited with the bank during any one day, customer is required to quote his/her PAN or submit form 60)
**For BSBD and FI accounts there are no service charges for cash deposit ) -
Locker Service Charges
Revised service Charges (Excluding GST) w.e.f. 20.06.2019 Class of locker Metro/ Urban Semi- Urban/ Rural A 1500 900 B 2000 1000 D 2800 1500 C 3000 1700 E/H-1 4000 2200 G 7000 5500 F 7000 5500 H 7000 5500 L1 10000 8000 L 10000 8000 NOTES :
- In case of breaking open of the locker, Rs 1000/- to be recovered as incidental charges over and above actual cost incurred for the same.
- Penalty for late payment of locker rent (from the due date) be levied as under:
-- Where annual locker rental is up to Rs 3000/-
- Rs 200/- for first -3- months thereafter Rs 50/- p.m.
-- Where annual locker rental is above Rs 3000/-
- Rs 500/- for first -3- months thereafter Rs 100/- p.m.When the rent is paid in advance for -3- years 10% discount may be allowed to General Public.
However, 20% discount in locker rent in case of Premium current account and Premium current account privilege customers if rent is paid in advance for a period of three years and above.
CHARGES FOR LOCKER OPERATIONS MORE THAN 12 TIMES A YEAR – Rs 100/- PER OCCASION (FOR GENERAL PUBLIC)
Rent in advance can be accepted for maximum three years only -
Inter-SOL Charges
Sr. No. Area of Banking Service Revised service charges ( excluding GST) W.e.f. 01.07.2020 1 CASH DEPOSIT
Savings bank account- (Base and local Non base branch)
CA/CC/OD/others : (Outstation Branch)Savings bank account- (Base and local Non base branch)
Metro-Urban**
Cash Deposit – Chargeable Beyond5 transactionsin a month (excluding Alternate Channel transaction) -Rs 50/- per transaction
Savings Bank accounts Rural /Semi Urban branches , Pensioner and Senior Citizen At any branch**
Cash Deposit – Chargeable Beyond 5 transactions in a month (excluding Alternate Channel transaction) -Rs 40/- per transaction
(In case of cash aggregatingRs 50000/- or more deposited with the bank during any one day, customer is required to quote his/her PAN or submit form 60)
**For BSBD and FI accounts there are no service charges for cash deposit
CA/CC/OD/others : (Outstation Branch) ( Chargeable in case of cash deposit in excess of Rs 25000/- per day per account at Rs 2.50 per thousand or part thereof at outstation branch
2 CASH WITHDRAWAL (Base branch, local non base branch and outstation )
Cash Withdrawals: (Base , local non base and outstation branch)
CA/CC/OD
Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs. 150/- per transaction.
Savings bank-
Metro-Urban branch**
Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs.125/- per transaction.
Savings Bank- Rural/Semi-Urban branches and Senior citizen, pensioner at any branch**
Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs.100/- per transaction.
However, Maximum withdrawal allowed at outstation branch is Rs 50000/- per day to the account holder only.
**For BSBD and FI accounts there are no service charges
Note:
1.Inter SOL cash payments to third parties is totally withdrawn
2. Per day per transaction limit of Rs 50000 /- is fixed for cash withdrawal by drawer by self cheque (through withdrawal up to Rs 25000/- - SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with WithdrawalsNote:
.Inter SOL cash payments to third parties is totally withdrawn
2. Per day per transaction limit of Rs 50000 /- is fixed for cash withdrawal by drawer by self cheque (through withdrawal up to Rs 25000/- - SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with Withdrawals -
General
Sr. No. Area of Banking Service Revised service Charges
(Excluding GST) w.e.f. 20.06.20191 APPLICABLE TO ALL ABOVE SERVICES/ ACTIVITIES) Postal & Telecommunication TARIFF a) Ordinary Post – Actual, subject to Min. Rs 15/- b) Registered / Speed Post/courier – Actual, subject to Min. Rs 75/- c) Fax - Actual, subject to Min Rs 60/-. Courier Charges Rs 75- per instrument per occasion, unless otherwise specified to the contrary. 2 Higher Service charges for non customers of the Bank. For all banking services to non-customers of the Bank, service charges shall be 50% higher than the floor rates, across the board plus Taxes 3 Definition of Floor rates Floor rates shall mean rates of service charges fixed by our bank as detailed in this circular. -
Forex Related Charges
Exports Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 1. Bill purchased/discounted/negotiated
a. Foreign Currency Export Bill
- Bill amount below equivalent USD 25000.00 - Rs. 1000.00
- Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00
- (Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)
No Change b. Rupee Export Bill - Bill amount below equivalent USD 25000.00 - Rs. 1000.00
- Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00
- (Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)
No Change 2. Forwarding export documents to another bank due to reason such as LC being restricted to the latter or the LC have been confirmed by that bank. - Rs. 1000.00 per bill
- Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.
No Change 3. Where reimbursement under a Letter of Credit is claimed by the bank with another Authorized Dealer in India Rs. 500.00 per claim No Change 4. For each Export bill sent for Collection - Bill amount up to equivalent USD 5000.00 - Rs 250.00
- Bill amount equivalent to USD 5001.00 to USD 25000- Rs 750.00
- Bill amount beyond equivalent USD 25000.00 - 0.0625 % subject to maximum of Rs. 2000/-
- Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.
No Change 5. Merchant trade transactions for Export transaction
(Other than applicable charges for Export bill i.e. collection charges, overdue charges, etc.)Flat Rs. 500.00 per Export bill Flat INR 3000 Per Export Bill 6. - If the entire sets of export documents have been sent by the exporter directly to the overseas buyer after complying with Exchange Control formalities.
- For each export bill sent for collection by exporter against which advance payment already received
- Bill amount up to equivalent USD 5000.00 - Rs 250.00
- Bill amount equivalent to USD 5001.00 to USD 25000- Rs 500.00
- Bill amount beyond equivalent USD 25000.00 - Rs 1200.00
- Additionally Rs. 100.00 per shipping bill to be charged if more than one shipping bill is submitted under a single export bill.
No Change 7. In case of each overdue export bill, sent on collection where the proceeds are not received in NOSTRO account on or before the due date and in case of each overdue export bill purchased/discounted/negotiated/ and subsequently treated as collection item after crystallization. Rs. 500.00 per bill on quarterly basis after the due date and upto the date of realization (Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized) No Change 8. Advance Remittances against exports Rs.200/- per remittance No Change 9. Charges for issuance of export related certificates Rs. 100.00 per certificate No Change 10. Issuance of NOC for discounting export Bills with other bank Rs. 1000.00 per bill No Change 11. Net off/Set off of export bills against import of goods (For Per shipping Bill) Other than these charges, no Bill collection charges to be recovered. Rs. 1000.00 per shipping bill. No Change 12. Approval for extension of due date (Other than Applicable normal charges) - Extension of due date up to 270 days from shipping bill date - Nil
- Extension of due date beyond 270 days from shipping bill date - Rs.1000/- per extension
No Change 13. Issuance of GR waiver Certificate Rs. 500.00 per certificate No Change 14. Approval for write-off of export bills
(Other than overdue charges)- Write-off of export bills against Bank charges- Nil
- Self Write-off of export bill by exporter- Nil
- Others- Rs.1000 per shipping bill
No Change 15. Late submission of documents (after 21 days from the date of shipment)
(Other than normal applicable charges for collection and overdue)- Submission of documents beyond 30 days and up to 3 months - Rs.100 per shipping bill
- Submission of documents beyond 3 months - Rs.500 per shipping bill
No Change 16. Crystallization charges for export bills purchased/discounted at the time of crystallization. Rs. 1000.00 per bill No Change 17. Advising Letter of Credit for the Our bank’s clients Rs. 1000.00 per LC No Change 18. Advising Letter of Credit for the other-Bank clients Rs. 2000.00 per LC No Change 19. Advising of Amendment for Our Bank’s clients Rs. 600.00 per amendment No Change 20. Advising of Amendment for Other-bank clients Rs. 600.00 per amendment No Change 21. LC confirmation charges where LC opened in favour of Indian Exporter - Sight :
- 0.25% for the first quarter
- 0.15% p.m. thereafter (Min. Rs. 1500.00)
- For LC amount exceeding INR 5.00 crore commission @ 0.50% per annum
(These charges i.e. @ 0.50% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore) - Charges will be calculated from the date of opening of LC to the date of expiry of LC.
- Usance:
- 1.5% p.a. (Min. Rs. 2000.00)
- For LC amount exceeding INR 5.00 crore commission @ 0.40% p.a.
- Charges will be calculated from the date of opening of LC to the date of expiry of LC plus the usance period
- (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore)
No Change 22. Transfer of Letter of Credit Rs. 1000.00 per transfer and subsequent amendment No Change
Imports Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 23. For establishing an Import Letter of Credit/ Revolving Letter of Credit/ Letter of Credit covering imports of goods on deferred payment terms/ Back to Back letter of credit and Reinstatement charges (upon the reinstatement under a Revolving letter of Credit) - Sight
- 0.35% for the first quarter
- 0.15% p.m. thereafter (Min. Rs. 1500.00)
-
usance
- 1.5% p.a. or part thereof
- For LC amount exceeding INR 5.00 crore commission @ 0.40% p.a. or part thereof. (Min. Rs. 2000.00)
- (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore)
- Sight
- 0.35% for the first quarter
- 0.15% p.m. thereafter
- Usance
-
External Rating LC % commission (p.a.) AAA/A1+ and Fully Government Guaranteed 0.75% AA/A1 1.00% A/A2 1.25% BBB/A3 1.50% BB and below/ A4 and Below / Unrated 2.40%
-
- For Import LC amount exceeding INR 5.00 crore commission @ 0.40% p.a. or part thereof (existing charges retained)
- (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore). Charges applied for actual number of days per annum basis.
- Note: Minimum charges for Sight and Usance LC is Rs.2000/-
- Note:
- In case of Import L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.
- For MSME unrated accounts, the applicable commission shall be in line with BBB accounts as above.
- For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, short term rating to be used for arriving at appropriate Commission.
24. In case of a Letter of Credit established against 100% cash deposit as Security. 25% of the charges as mentioned in Serial No 23 25. Extension of validity of LC Rs.1000/- per amendment plus charges applicable as per point 23, 24 No change 26. In case of enhancement of value of credit Rs.1000.00 per amendment
In case of enhancement of the value of a letter of credit, charges as per point No. 23, 24 for establishing a letter of credit shall be recovered for the additional amount, for the remaining period.
In case of both enhance of value of Credit and extension of validity for a particular LC at a time, amendment charges will be recovered for one event. Other charges shall be recovered as per norms.No Change 27. In case of amendment extending the tenor of the Bills of Exchange Rs.1000.00 amendment charges In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per point no 23, 24 shall be collected on the outstanding liability under the LC No Change 28. Amendment other than extension of validity or enhancement of tenor of the bill of exchange Rs.1000.00 per amendment. No Change 29. For revival of expired LCs within 3 months for the date of expiry Any revival or reinstatement of an expired LC shall be at the option of the bank but within 3 months from the date of expiry and shall be subject to recovery of charges as per point 23, 24 from the date of expiry upto the validity period of the revival Letter of Credit. No change 30. Deferred Imports Commission on Letter of Credit covering import of goods on deferred payment terms involving payments beyond a period of six months from the date of shipment over a period of time as defined in Exchange Control. LC Amount % per quarter Upto 1 crore 0.25 >1 crore upto 5 crore 0.18 >5 crore 0.10
Note: Charges will be recovered as mentioned above on the basis of LC amount coming under the particular slab. (For example, if LC amount is Rs. 4 crore, then charge will be @ 0.18% on entire amount.)No Change 31. If the validity period of a Letter of Credit covering import on deferred payment terms is extended. Flat amendment commission of Rs. 750/-, However, for any amendment extending the validity of the letter of Credit beyond 3 month period, commission at the applicable rate shall be recovered. No Change 32. Amendment Enhancement When the amount of an import letter of credit covering import on deferred payment terms is enhanced, commission at the applicable rate shall be recovered on the amount so enhanced. Note: For purposes of levying charges under this Rule value of each enhancement will ordinarily be considered separately without adding it to the outstanding liability of the letter of credit. However, branches may, at their discretion “add” the value of enhancement to outstanding liability of the letter of credit for purpose of levying charges depending upon the circumstances of each case. No Change 33. Credit Opinion Report Actual cost of report No Change 34. Shipping Guarantee for clearance of goods pending production of bill of lading.
a. Relating to imports under LCs opened by the banks
b. In all other cases- Documents under LC:
- Flat Rs. 1000.00 per Shipping Guarantee
-
In all other cases:
- 0.05% p.m. for the period of guarantee, Minimum Rs. 1000.00
No Change 35. Foreign currency Import bills under LC at the time of crystallization or retirement whichever is earlier
( where exchange benefit accrues)0.125% of the bill amount-
Minimum of Rs. 1000.00 - Maximum Rs. 25000.00No Change 36. Foreign currency bills under LC where no exchange benefit accrues 0.25% of the bill amount.
Minimum of Rs. 1000.00 - Maximum Rs. 30000.00No Change 37. Discrepancy charges in case of non-confirming documents under LC USD 50, EUR 50, GBP 50, JPY 5000 for LCs issued in USD, EUR, GBP and JPY; respectively. For all other currencies equivalent to USD 50. No Change 38. Import bill (not under LC) drawn in foreign currency on which bank earns exchange benefit. 0.15% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 25000.00No Change 39. Import bill (not under LC) drawn in rupees and in foreign currency on which bank earns no exchange benefit. 0.30% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 50000.00No Change 40. For foreign currency import bill required to be forwarded to another bank required for remitting proceeds to the remitting bank abroad Rs. 1000.00 per bill as handling charges No Change 41. For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where exchange benefit accrues to the bank0.125% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 10000.00No Change 42. For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where no exchange benefit accrues to the bank0.20% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 25000.00No Change 43. Import documents covering project imports under Inter-Government Aid Scheme and Schemes (including projects those financed by International Agencies like World Bank, IMF, ADB etc.) where no LC is opened. To be charged as applicable on import bills as per point no. 38,39,40,41 & 42. No Change 44. Issuance of Delivery Order pending receipt of Import Bill ( document not under LC) Rs. 1000.00 per delivery order. No Change 45. Advance remittance against imports Where exchange benefit accrues to the bank 0.15% of the remittance amount.
Minimum of Rs. 500.00 - Maximum of Rs. 10000.00No Change 46. Advance remittance against imports Where no exchange benefit accrues to the bank 0.20% of the remittance amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 15000.00No Change 47. Net off/Set off of import bills against export of goods. Other than these charges, no Import Bill collection charges to be recovered. Rs. 2000.00 per bill. No Change 48. Custody charges for overdue import bills Rs. 500.00 per bill per quarter or part thereof, after the due date.
(Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)No Change 49. Follow up for submission of BOE - Advance remittance for Import - Rs. 1000.00 if the BOE is not submitted within 180 days from the date of last remittance.
- Payment against Import Bill- Rs.1000 per bill of entry if not submitted within 90 days from the date of remittance. (Charges to be recovered at the time of submission of Bill of Entry)
No Change 50. Merchanting trade transactions for Import transaction
(Other than applicable charges for import bill i.e. collection charges, overdue charges, etc.)Flat Rs. 500.00 per import bill Flat INR 3000 Per Import Bill 51. Counter signing/ Co-acceptance/ Availisation of Import bills 0.085% per month for the tenor of bills subject to minimum of 0.25%. No Change 52. Recovery of commission in lieu of exchange on import bills payment of which are settled out of foreign currency loans arranged abroad, foreign currency accounts and EEFC accounts Discontinued. No commission in lieu of exchange to be charged in case import bills (under LC or otherwise) are realized out of foreign currency loans arranged abroad/ buyers credit.
No extra charge to be taken in case of EEFC funds too.No Chnage
Outward Remittances other than Imports Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 53. Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where exchange benefit accrues to the bank 0.10% of the transaction amount. Minimum of Rs. 500.00 - Maximum Rs. 5000.00 No change 54. Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where no exchange benefit accrues to the bank 0.25% of the transaction amount.
Minimum of Rs. 1000.00 - Maximum Rs. 10000.00No change 55. Outward remittance in foreign currency under LRS and remittance from NRO accounts Rs. 500.00 - up to Rs. 25000.00
Rs. 750.00 - above Rs. 25000.00No change 56. Outward remittance in foreign currency from NRE account Rs. 500.00 - up to Rs. 25000.00
Rs. 750.00 - above Rs. 25000.00No change 57. Issuance of Foreign Currency Demand Draft For Individuals - Rs. 500.00 per draft
For Non-Individuals - 0.10% of the instrument amount (min. Rs. 500.00 - max. Rs. 5000.00) 0.25% for non-individual where exchange benefit does not accrue to the bank (min. Rs. 1000.00 - max. Rs 10000.00)No change 58. Cancellation of Demand Draft Rs. 100.00 per draft No change 59. Issue of Foreign Currency Travellers Cheques commission 1% on rupee equivalent payable by the customer. No change 60. Where at the request of the beneficiary, foreign currency travelers cheques are issued by the Authorised Dealers against foreign currency remittances received from abroad. 0.25% (Min.Rs.200.00) No change 61. Payment of foreign currency draft by the drawee bank by issuing their own draft in the same currency in favour of the beneficiary bank with whom the relative foreign currency amount is to be deposited in a FCNR account. Rs. 500.00 per draft No change
Inward Remittances other than Exports Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 62. Inward Remittances Nil where proceeds are to be credited to our account.
In all other cases - Rs. 100.00No Change 63. Commission on Clean Instruments sent for collection abroad 0.1% of the instrument amount (min. Rs. 250.00 - max. Rs. 5000.00) No Change 64. Charges for dishonoured of clean instruments sent on collection 0.1% of the instrument amount
(min. Rs. 250.00 - max. Rs. 2000.00)+ any cost/charges incurred by our correspondentNo Change 65. Encashment of TTs/ purchase of MTs/ DDs in respect of which cover has been received in NOSTRO accounts NIL, since cover has been received in NOSTRO accounts. No Change 66. Where the inward remittance has to be executed in foreign currency by issuing a demand draft/ mail transfer/ payment order/ telegraphic transfer commission shall be recovered from beneficiary/ beneficairy’s bank as the case may be. 0.1% min. Rs. 500.00 and max Rs. 5000.00 No Change 67. Follow-up of submission of export documents against advance remittance - Advance remittance received up to 31.12.2018 - Nil
- Advance remittance received on or after 01.01.2019 - Rs.250 per remittance per quarter after one year from the date of receipt of advance.
- Not applicable for export orders to be executed on deferred terms. (Charges to be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)
No Change
Foreign Bank Guarantees Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 68. - Export performance guarantees for Project Exports which include:
- Bid-bond
- Bond for earnest money
- Guarantee for advance payment made by foreign buyers to Indian exporters/contractors
Guarantees covered by ECGC cover to the extent of 75% 1.25% p.a. including ECGC premia Guarantees covered by ECGC cover to the extent of 90% 1.30% p.a. including ECGC premia Guarantees covered by counter guarantee of the GOI 0.30% p.a. Guarantees not covered by ECGC/GOI counter guarantee 1.00% p.a. 1. Performance Guarantee (Min Comm: Rs.1500) Rating BG upto 3 years (% p.a.) BG above 3 years (% p.a.) AAA/A1+ 0.80 0.90 AA/A1 0.95 1.05 A/A2 1.20 1.30 BBB/A3 1.60 1.70 BB and below/ A4 and Below / Unrated 1.90 2.00 Rating BG upto 3 years (% p.a.) BG above 3 years (% p.a.) AAA/A1+ 1.00 1.10 AA/A1 1.15 1.25 A/A2 1.40 1.50 BBB/A3 2.10 2.20 BB and below/ A4 and Below / Unrated 2.40 2.50 - Note:
- In case of guarantee by ECGC Ltd. the applicable commission (on the covered portion) shall be 50% of the Card Rate and in case of Counter guarantee by GoI, the applicable commission (on the covered portion) shall be 25% of the Card Rate.
- In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
- For MSME unrated accounts, the applicable commission shall be in line with BBB (Both Performance and Financial guarantee) accounts as above.
- In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.
- For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (up to 1 year), short term rating to be used for arriving at appropriate Commission.
69. - Export Performance Guarantee (other than Project Exports) covering:
- Bid Bond, etc.
- Export Obligations in terms of import trade control regulations
Guarantees linked to deemed exports
0.10% p.m. for the specified period of liability. For any part of the month, the period will be reckoned as full month. A month will be considered to have 30 days.
In case of early redemption of the guarantees beyond a period of 3 months from the date of issue, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date shall be refunded.
Commission for issuing bid bonds for supplies connected with deemed export/direct exports other than project exports shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materializes the balance 75% of the commission shall be recovered, else the commission previously collected will be refunded.
70. Deferred Payment Guarantees covering import of goods into India/repayment of foreign currency loans 0.50% per quarter or part thereof for the specified period of liability calculated on the amount of liability under such guarantees at the beginning of every quarter. Minimum charges for a quarter to be charged. 1) Performance Guarantee (Min Comm: Rs.1500) Rating BG upto 3 years (% p.a.) BG above 3 years (% p.a.) AAA/A1+ 1.00 1.10 AA/A1 1.20 1.30 A/A2 1.50 1.60 BBB/A3 2.00 2.10 BB and below/ A4 and Below / Unrated 2.40 2.50 Rating BG upto 3 years (% p.a.) BG above 3 years (% p.a.) AAA/A1+ 1.25 1.35 AA/A1 1.45 1.55 A/A2 1.75 1.85 BBB/A3 2.65 2.75 BB and below/ A4 and Below / Unrated 3.00 3.10
ii. In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
iii. In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.
iv. For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (upto 1 year), short term rating to be used for arriving at appropriate Commission71. All other guarantees (including Stand by Letter of Credit - other than that for trade credit) - 0.15% per month for the specified period of liability
- Where the guarantee period is less than 2 months, commission recoverable shall be 0.25%.
- In case of early redemption of the guarantee after a period of 2 months.
- 50% of the commission for unexpired period may be refunded at the discretion of bank.
72. Advising of Guarantee Rs. 500.00 per advice No Change 73. Enhancement of Value/ Extension of Tenor of the Guarantee Charges as per point no 68, 69 , 70 & 71 are applicable. No Change 74. Guarantees issued against 100% cash margin/ 100% counter guarantee of the GOI 25% of the charges as per point no 68, 69 , 70 & 71 are applicable. No Change 75. Standby Letter of Credit against trade credits
From the date of opening of LC to last date of its validity including usance period.- Below INR 5 Crore - 1 % p.a. or part thereof
- INR 5 Crore & above - 0.40% p.a. These charges i.e. @ 0.40% p.a. are applicable on the entire SBLC amount whenever the SBLC amount exceeds Rs.5 crore.
No Change
Overseas Direct Investment Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 76. Processing of ODI transaction including generation of UIN Rs. 10000.00 per UIN. (one time charges)
In addition to this, charges for the remittance will be levied as applicable.No Change
Foreign Direct Investment Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 77. Processing of (FCGPR, FCTR (to be taken at the time of first reporting to RBI like Annex 6) - Rs. 10000.00 (one time charges- where funds have been received by Bank of Baroda)
- Rs. 25000.00 (one time charges- where funds have been received by other banks)
- In addition to this, charges for the remittance will be levied as applicable.
No Change
Project Export Approvals Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 78. Approval for Project Exports Rs. 5000.00 per project. (one time charges) at the time of granting approval.
In addition to this, charges for the remittance will be levied as applicable.No Change
External Commercial Borrowing Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 79. ECB (Form 83 Scrutiny) - Rs. 5000.00 per LRN. (one time charges) where loan is arranged from Bank of Baroda
- Rs. 10000.00 per LRN (one time charges) where loan is arranged from other sources/banks.
- In addition to this, charges for the remittance will be levied as applicable.
No Change
Establishing Warehouses/ Setting up Liaison/ Branch Offices Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 80. Setting up liaison/branch offices in India Rs. 10000.00 per request No Change 81. Establishing warehouses/ offices abroad Rs. 10000.00 per request No Change 82. Opening of accounts abroad Rs. 2000.00 per request No Change
Forward Contracts Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 83. Charges for Booking of forward contracts Rs. 500.00 per contract No Change 84. Charges for Early Delivery/Extension of Forward Contracts Including NRIs) Cancellation of forward contract Rs. 500.00 per contract Nil No Change 85. Booking of forward sale contract in respect of import bills drawn under letter of credit opened by another bank. (Where an importer has arranged for fixation of a forward contract with a bank other than the one through whom the letter of credit has been opened). 0.15% commission in lieu of exchange in addition to swap cost and interest from the date of negotiation till the date of credit of proceeds in the Bank’s Nostro a/c (min Rs. 1000.00) No Change
Miscellaneous Charges Sr. No. Services Existing Revised Service Charges W.E.F. 10.12.2022 86. Swift Charge Rs. 500.00 for every SWIFT message No Change 87. Courier Charges Dispatches outside India - Rs. 1200.00 per document
Dispatches within India - Rs. 250.00 per documentNo Change 88. Processing of applications /representation to RBI Rs. 500.00 per application/representation. Rs. 2000.00 per application/representation (Other than MTT) Rs.5000 per application/representation for MTT 89. Issuance of NOC for permitted cases in respect of capital account transactions Rs. 1000.00 per NOC No Change 90. Transfer of existing UIN/LRN to other AD Rs. 5000.00 per transfer No Change 91. Non submission of APR/ proof of ODI/FCGPR/FCTRS/ARF/ Project Export progress report Rs. 2500.00 on a half yearly basis No Change
General Notes:
- In addition, any other out of pocket expenses incurred by the Bank will be recovered at actual.
- All above charges are exclusive of SWIFT and courier charges. SWIFT/ Courier charges as mentioned above will be additional charged wherever applicable.
- All above charges are exclusive of GST and applicable GST will be charged extra.
- GST applicable on foreign currency exchanged - as below: (as applicable from time to time)
Amount of Currency Exchanged GST Rates Minimum GST Maximum GST Up to INR 1.00 lakh 0.18% of currency exchanged Rs. 45.00 Rs. 180.00 Between INR 1.00 lakh and up to INR 10.00 lakhs INR 180.00 + 0.09% of the currency exchanged Rs. 180.00 Rs. 990.00 Above INR 10.00 lakhs INR 990.00 + 0.018% of the currency exchanged Rs. 990.00 Rs. 10800.00 - Stamp duty charges applicable in the respective states as per government regulations from time to time will be recovered wherever applicable.
- 100% waiver of charges on personal Inward and Outward remittances (excluding trade related transactions) be allowed in respect of existing Staff Members/ Honourably Retired Employees of our bank. Out of pocket expenses i.e. postage/courier/SWIFT/taxes etc.; if any are to be recovered on actual basis.
- The above schedule of charges will only apply in cases where specific customer level pricing approval/sanction is not in place.
-
Mortgages & Retail Asset
Retail Product
Applicable Processing Charges
Concessional Processing Charges effective from 01.07.2022 to 30.09.2022
Baroda Home Loan (All variants)
For all Channel
Upto ₹50.00 lacs :@0.50%
Min: ₹8,500/- + GST
Max: ₹15,000/- + GST
Above ₹50.00 lacs :@0.25%
Min: ₹8,500/- + GST
Max: ₹25,000/- + GST
Takeover : Flat ₹8,500/- + GST
Pre-Approved Home Loan: As per Home Loan ₹8,500/- + GST (upfront).
For lead sourced through Digital Channel :
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹7500.00 + GST (Per Property)
For lead sourced through Non-Digital Channel:
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹8500.00 + GST (Per Property)
Baroda Top Up Loan
@0.35%
Min: ₹5,000/- + GST
Max: ₹12,500/- + GST
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹5000.00 + GST (Per Property)
Takeover
As above
For Non-DSA Leads (including leads generated by DST): NIL
Subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.
For leads generated by DSA: As applicable for non-takeover cases detailed above
Baroda Yoddha Home Loan
For period upto 31.12.2022- NIL
(log-in fee of Rs.1,500/- to be recovered upfront which is to be refunded on 1st disbursement)
w.e.f. 01.01.2023
NIL subject to recovery of out of pocket expenses of Rs.8,500/- + GST (per property) upfront
For period upto 31.12.2022- NIL
(log-in fee of Rs.1,500/- to be recovered upfront which is to be refunded on 1st disbursement)
w.e.f. 01.01.2023
NIL subject to recovery of out of pocket expenses of Rs.8,500/- + GST (per property) upfront
Sr. No. Area of Banking Service Service Charges
(Excluding GST) w.e.f. 20.06.20191
Baroda Home Loan &
Baroda Home Improvement LoanSlab wise
Upto Rs 50 Lacs
0.50% of Loan amount:
Minimum: Rs 8,500/- (Upfront)
Maximum: Rs 15,000/-Above Rs 50 Lacs
0.25% of Loan amount:
Minimum : Rs 8,500/- (upfront)
Maximum: Rs 25,000/-The above charges are unified processing charges which includes inspection, valuation and legal fees
For staff members:
Actual Charges for Advocate / Valuers / CERSAI / ITR verification (if any) only to be recovered.The above charges are for all categories of borrowers under Home Loans.
2
Baroda Home Loan Top Up
0.35%
Minimum: Rs 5,000/- (upfront)
Maximum: Rs 12,500/-3
Takeover of Home Loan
(Resident /NRI/PIOs)Flat: Rs 8,500/- (upfront)
4
Pre Approved Home Loan (In Principal Sanction)
0.25% - 0.50%
Rs 8,500/- (upfront).
If the borrower submits the property documents with in the validity period of pre- approval letter, balance amount of unified processing charges as applicable to Home Loan only will be recovered from the borrower.5
Baroda Ashray
(Reverse Mortgage Loan)0.20%
Upfront Charges: Rs 8,500/-
Maximum Rs 10,000/-6
Baroda Advance Against Gold Ornaments / Jewellery
0.50%
Minimum: Rs 500/-
Maximum
Loan upto Rs 5.00 Lakhs: Rs 2500/-
Loan above Rs 5.00 Lakhs: Rs 3500/-7
Baroda Traders Loan
(including Baroda Traders Gold Card scheme)OD: 0.35%
TL: 0.50%
Minimum: Rs 8,500/- (Upfront) per property8
Baroda Loan to Doctors
0.35%
Maximum Rs 15000/-9
Baroda Advance Against Securities
Rs 500/-
(No other charges)
Staff/ Ex-Staff: No Charges10
Baroda Car Loan
0.50% of Loan amount + GST
Minimum : Rs. 2500/- + GST
Maximum : Rs. 10,000/- + GST11
Baroda Two Wheeler Loan
2% of Loan amount,
Minimum Rs 1000/-
Staff/ Ex-Staff: No Charges12
Baroda Personal Loan
(including Baroda Premium Personal Loan)2% of Loan amount
Minimum: Rs 1000/-
Maximum: Rs 10,000/-13
Baroda Pensioners Loan
Pensioners/ Family Pensioners of our Bank (Ex-Staff) : Nil
Others : Rs 1,000/-14
Baroda Mortgage Loan:
TL: 1%
Minimum: Rs 8,500/- (Upfront) per property
Maximum: Rs 1,50,000/-
OD:
Upto Rs 3.00 Crores: 0.35%
Minimum: Rs 8,500/- (Upfront) per property
Maximum: Rs 75,000/-
Above Rs 3.00 Crores: 0.25%
Minimum: Rs 8,500/- (Upfront) per property
Maximum: No Limit15
Baroda Education Loan
Study in India - Nil
Study Abroad - 1.00% of Loan amount (maximum Rs 10,000/-) to be recovered upfront which will be refundable on availment (first disbursement) of loan.
Education Loan for students of Premier Institutions (studies in India): Nil
Education Loan for Vocational Education and Training: Nil
Career Development: 0.50%
Notes:
(a) A non refundable Lump sum amount Rs 8,500/- per property (towards Advocate and Valuer charges) to be taken upfront in case of all Education Loan accounts, wherever property is mortgaged.(b) No Mortgage creation charges for all types of Education Loans.
16
LABOD/ODBOD
Nil
17
Baroda Loan Against Future Rent Receivables
Processing Charges :
1.00% (without cap), subject to minimum amount of Rs 1000/-.
Escrow Charges :
Loans upto Rs 10 crs : Rs 10,000/- p.a.
Loans above Rs 10 Crs : Rs 25,000/- p.a.18
Modification Charges
Upto Rs 1.00 Crores: Rs 5,000/-
Above Rs 1.00 Crores upto Rs 10.00 Crores: Rs 15,000/-
Above Rs 10.00 Crores: Rs 25,000/-19
Deviation Charges
Home Loans: Rs 1,500 per deviation (Maximum Rs 5,000)
Education Loan: NilOther Retail Loans: Rs 3,000 per deviation (Maximum Rs 10,000)
20
Commitment Charges in Mortgage Loan and Traders Loan (Overdraft facilities only)
Minimum quarterly average utilization of sanctioned limits should be 60%.
In case of quarterly average utilization of sanction limit is less than 60% of the sanction limit, interest in the account will be charged on minimum 60% of sanctioned limits on quarterly basis.
21
Mortgage Creation Charges
Per borrowing entity with FB+NFB limits of
Up to Rs 10.00 Lakhs: Rs 500/- per Lakh
Above Rs 10.00 Lakhs & upto Rs 50.00 lacs: Rs 5,000/-
Above Rs 50.00 Lakhs & upto Rs 100.00 Lakhs: Rs10,000/-
Above Rs 100.00 Lakhs: Rs 15,000/-Mortgage creation charges as mentioned above will be recovered separately for Retail Loans, except Education Loans and Home Loans/ Home Improvement Loan and Top-up Loan.The charge specified is applicable per instance irrespective of the number of title deeds.
The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.
The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.
-
Digital Banking Product Related Charges
Product Particular Service Charges Service Charges through Digital Channels (excluding GST) Service Charges through Branch (excluding GST) w.e.f. 20.06.2019 Internet Banking
EPFO online collection/ ESIC online collection
Rs 10/-
IRCTC online TICKET BOOKING
Rs 10/-
PASSWORD PRINTING (charges on regeneration only, free for new user)
Rs 25/- for Retail customer and Rs 50/- for Corporate customer
IMPS
New Slabs and Charges Amount in INR
( w.e.f. 07.06.2022)
Upto 1,000
2.50
2.50
1,001 – 25,000
5.00
5.00
25,001 – 1,00,000
7.50
10.00
1,00,001 - 2,00,000
15.00
20.00
2,00,001 – 5,00,000
20.00
25.00
NEFT
Revised w.e.f. 01.01.2020
Other than SB accountsupto Rs 10,000/-
Rs 2.25
Rs 2.25
Rs 10,001/- to Rs 1,00,000/-
Rs 4.75
Rs 4.75
Rs 1,00,001/- to Rs 2 Lac/-
Rs 14.75
Rs 14.75
Above Rs 2 Lac
Rs 24.75
Rs 24.75
SB account -NIL
Product Particular Charges System/ Manual Charges through Digital Channels (excluding GST) Charges through Branch (excluding GST) BBPS Customer convenience fee (CCF) is applicable for Bill payment services at BC Point (excluding DTH, credit card and LPG gas categories of billers) System Nil for digital transactions
₹ 2 + GST/- for Bill payment services at BC Point (excluding DTH, credit card and LPG gas categories of billers)Not Applicable National E-toll Collection
Tag Issuance Fee
Rs 84.74/-
National E-toll Collection
Tag Replacement Charge
Rs 50/-
NACH
Return Charges
Mandate ChargesReturn Charges - Rs 250/- w.e.f. 01.10.2019
Mandate - Rs 100/-Self Service Pass Book Printer
Duplicate Passbook Issuance Charges
Rs 100/-
Product Particulars Service Charges (in Rs.) (Exclusive of GST) Revision in Debit Card Annual Fees w.e.f. 08.08.2022
RuPay Classic (Non Personalised / Personalised)
1st Year Free & Second Year onwards Rs 150/- (w.e.f.-20.07.2020)
1st Year Free & Second Year onwards Rs 200/- (w.e.f. 08.08.2022)Visa Classic (Non Personalised / Personalised)
Master Card Classic (Personalised)
RuPay Platinum (Non-Personalised / Personalised)
1st Year Free & Second Year onwards Rs 250/- (w.e.f. - 20.07.2020)
1st Year Free & Second Year onwards Rs 300/- (w.e.f. - 08.08.2022)Visa Platinum (Non Personalised / Personalised)
Master Card platinum (Personalised)
RuPay Select
1st Year Free & Second Year onwards Rs 300/- (w.e.f.- 20.07.2020)
1st Year Free & Second Year onwards Rs 500/- (w.e.f. 08.08.2022)Baroda VISA Vyapaar Business Card
1st Year Free & Second Year onwards Rs 250/-
RuPay PMJDY (Bhamashah / Samagra)
Government Sponsored Schemes - Fee Exempted
RuPay KCC
RuPay Mudra
Debit Card Issuance Fees w.e.f. 08.07.2022
RuPay Classic (Non Personalised / Personalised)
Rs. 100/-
Visa Classic (Non Personalised / Personalised)
Master Card Classic (Personalised)
RuPay Platinum (Non-Personalised / Personalised)
Rs. 250/- (w.e.f. 20.07.2020)
Rs. 300/- (w.e.f. 08.07.2022)Visa Platinum (Non Personalised / Personalised)
Master Card platinum (Personalised)
RuPay Select
Rs. 500/-
Debit Card PIN Regeneration
RuPay Classic (Non Personalised/ Personalised)
Rs 50/- per regeneration
RuPay Platinum (Non-Personalised/Personalised)
RuPay Select debit card charges Visa Classic (Non Personalised/ Personalised)
Visa Platinum (Non Personalised/ Personalised)
Master Card Classic (Personalised)
Master Card platinum (Personalised)
Mastercard world Radiance (Personalised)
RuPay PMJDY (Bhamashah/Samagra)
Government Sponsored Schemes - Fee Exempted
RuPay KCC
RuPay Mudra
Debit Card Other charges
Charge - slip retrieval charges
Rs 400/- per retrieval.
IRCTC online TICKET BOOKING
Rs 10/-
Card Replacement (Master /Visa/Rupay/Visa Vyapaar Business Card) Rs 200/-
ATM
Number of Free OFFUS transactions
Metro ATM-3, Non Metro-5
ATM charges after free OFFUS transactions
For Financial Transaction
Rs 20/- per transaction
Rs.21/- per transaction (w.e.f. 01-01-2022)
For Non – Financial Transaction
Rs 10/- per transaction
Rs.11/- per transaction (w.e.f. 01-01-2022)
ATM charges after free ON-US transactions For Financial Transactions Rs10/- per transaction (w.e.f 01-06-2022) For Non – Financial Transaction Rs 05/- per transaction (w.e.f. 01-06-2022) Debit card Decline Penalty Fee/Penalty for decline of Debit Card Trasnactions due to insufficient fund in the account (ONUS & OFFUS Transactions) (w.e.f- 01.08.2020)
Rs.20/- per declined transaction. (BSBD Accounts-Fee/Penalty Exempted)ATM International Usage Charges
Cash Withdrawal
For Classic variant : Rs 250/-
For Platinum variant : Rs 450/-Balance Inquiry
Rs 30/-
Pre-paid Card
Gift Card -Issuance : For amount up to Rs 2,000/-
Rs 50/-
Gift Card -Issuance : For amount Rs 2,001/- Rs 10,000/-
Rs 100/-
Gift Card -Revalidation charges
Rs 100/-
Gift Card -Card Usage Charges (Per balance Inquiry)
Rs 10/-
Reloadable card: Issuance charges
Rs 100/-
Reloadable card-Revalidation charges
Rs 100/-
Reloadable card -Other Service charges
Rs 20/-
Travel Card Issuance fees - USD/GBP/EURO
Rs 150/-
Travel Card Stand by card fees - USD/GBP/EURO
Rs 150/-
Travel Card Re load fees - USD/GBP/EURO
Rs 55/-
Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) USD
USD 3.0
Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) GBP
GBP 3.0
Travel Card- Replacement Card fee in case of lost/stolen card (postage extra) EURO
EUR 3.0
Travel Card- Chargeback fee USD
USD 2.0
Travel Card- Chargeback fee GBP
GBP 2.0
Travel Card- Chargeback fee EURO
EUR 2.0
Travel Card- ATM Withdrawal fee USD/GBP/EURO
0.9% of Transaction value
Travel Card- ATM Balance enquiry fee USD/GBP/EURO
USD 0.5 /GBP 0.5 /EURO 0.5
Travel Card- Refund of balance in the card account : USD/GBP/EURO
Balance will be refunded after deducting INR 250/- . Foreign Currency Conversion taxes extra as applicable.
Travel Card- Deduction on expired Card (EVERY 12MONTHS): USD/GBP/EURO
USD 5.0 /GBP 5.0 /EURO 5.0
Travel Card- Inactivity Fee (card not used for 180 days): USD/GBP/EURO
USD 5.0 /GBP 5.0 /EURO 5.0
Travel Card- Card sent by other Bank(If left behind at other bank's ATM or POS): USD/GBP/EURO
USD 15.0 /GBP 15.0 /EURO 15.0
Travel Card- New ATM Pin (sent to registered email ID): USD/GBP/EURO
USD 1.5 /GBP 1.5 /EURO 1.5
Travel Card- Usage(Cross Currency):
3% of transaction value
Travel Card- Revalidation Fee (USD/GBP/EUR)
USD 3.0 /GBP 3.0 /EURO 3.0
Cash Disbursement Fee/Cash-at-POS
0.9% of Transaction value
SMS Alerts Charges
Type of Account Existing Charges Revised Charges Savings Account Rs.15+GST on Quarterly basis 20 Paisa/SMS+GST with a cap of Rs.15+GST per month.
(Charges will be debited in every succeeding month)- The revised SMS charges will be collected on a monthly basis from the eligible customers effective from the month of January 2023 onwards
Current / Overdraft / Cash Credit Accounts Rs.25+GST on Quarterly basis -
Agriculture and Advances
Sr. No. Area of Banking Service Revised service Charges
(Excluding GST) w.e.f. 20.06.20191.
Processing Charges for Agriculture
For Working Capital (Fresh/Review)
Fund Based:
Above Rs 3 lacs to Rs 10 Lacs - Rs 250/- Lac or part thereof +GST
Above Rs 10 Lacs– Rs 350/lac or part thereof maximum Rs 35.00 Lacs (For exporters Rs 17.50 Lacs)Non Fund Based:
50% of charges Applicable for Fund Based Limit (Cap for Priority Sector Rs 17.50 lacs and for exporters Rs 7.50 lacsFor Term Loan (Fresh)
Above Rs 3 Lacs - DL/TL 1% of the limit sanctioned with a maximum of Rs100 lacs (Cap for exporter- Rs 50 lacs)For Term Loan (Review)
Above Rs 3 Lacs – Rs 60 per lac or part thereof with No CapNote: Please note that any specific scheme related charges which is mentioned in the scheme specific circular remain in force and above charges are not applicable in those specific schemes of agriculture.
2.
Inspection charges for Agricultural Advances
Above Rs 3 lacs to Rs 10 Lacs - Rs 250
Above Rs 10 Lacs to Rs 1 Crore – Rs 1000
Above Rs 1 Crore – Rs 5000In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered
Note: Please note that any specific scheme related charges which is mentioned in the scheme specific circular remain in force and above charges are not applicable in those specific schemes of agriculture.
3.
Inspection Charges for crop loan
Above Rs 3 lacs to Rs 10 Lacs - Rs 250
Above Rs 10 Lacs to Rs 1 Crore – Rs 500
Above Rs 1 Crore – Rs 1000In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered
-
Demat Charges
Sr. No.
Area of Banking Service
Revised service Charges
(Excluding GST) w.e.f. 20.06.20191
A/c Opening Charges
Rs 500/- for Individuals and Rs 750 for Non Individuals
(under revision)2
DEMAT Annual Maintenance
ChargesGeneral Customer:
For Individuals-First year free for new accounts
From second year onwards Rs 500/- p.a. plus
For Non-individual - Rs 700/- plus
BSDA customers:
For Individuals - First year free for new accounts
Thereafter no AMC to be levied if the value of holding is up to Rs 50,000/- during financial year.AMC will be charged at Rs 100/- plus GST only for the value of holding from Rs 50,001/- up to Rs 2,00,000/- during financial year.
3
Dematerlisation of shares
Rs 5.00 per certificate with minimum of Rs 50/- plus actual postage plus
4
Re-materlisation
NSDL Demat Account : Rs 10/- plus actual postage for every hundred securities or part thereof subject to maximum fee of Rs 5,00,000/- or a flat fee of Rs 10/- per certificate whichever is higher for NSDL Demat accounts. CDSL Demat Account : Rs 30/- plus per actual postage per ISIN 5
Transaction Charges
General Customers : 0.04% of market value subject to minimum Rs 20/- per transaction.
For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs 20/- plus per transaction. BCML customers : Transaction charges at Rs 15/- plus per debit transactions6
KYC registering Agency Charges
(KRA charges)KRA charges @ Rs 40/- plus actual postage for new KYC data to be uploaded.
KRA charges @ Rs 40/- plus per download will be applied.
For modifications in KRA of the existing clients KRA charges @ Rs 30/- plus GST plus actual postage7
Pledge Creation
Rs 100/- per ISIN per request
8
Pledge Creation confirmation
Rs 100/- per ISIN per request
9
Pledge Closure
NIL
10
Pledge Closure Confirmation
NIL
11
Pledge Invocation
Rs 100/- per ISIN per request
12
Failed instruction Charges
Nil
13
Other Charges
• Additional A/c statement Rs 20/- per request.
• Sign verification or any other certificate & freeze / unfreeze Rs 50/- plus per request.
• One DIS booklet of 10 leaves free of
cost at the time of A/c opening and thereafter subsequent DIS will be issued @ Rs 20/- per booklet of 10 leaves for General Customer.
• Two DIS slips only will be issued at the time of account opening to BSDA customer.
• Change of Address/ECS Rs 30/- plus per request.14
Overdue Charges
Interest @18% p.a. will be payable for payment of service charges after due date (under revision)
15
Transfer of Securities from one DP to another DP consequent to
account closureConsequent to closure of account, no charges to be levied, when Beneficiary Owner (BO) transfers all the securities lying in this account to another Branch of the same DP or to DP of the same depository or another depository, provided the BO Accounts at transferee DP and at transferor DP are one and the same i.e. Identical in all respects.
16
Other Terms & Conditions
a. Refund of AMC on closure of Demat account will be on quarterly basis( e.g. if account is closed in the month of July, refund of AMC will be applicable for remaining two quarters i.e. December & March of the financial year.
b. The service’s not listed above will be charged separately.
c. All the above charges are applicable uniformly to individuals. Non-individual except that AMC are different for individuals and Non –Individuals.
d. The charges are subject to revision from time to time at Bank’s discretion.17
Statutory Charges at the time of Account Opening
Nil
18
Advance / Deposit
Nil
-
POS CHARGES
Sr. No. Area of Banking Service Revised service Charges
(Excluding GST) w.e.f. 20.06.20191 Installation chrgs
NIL
2 Monthly charges BOBCARDS Services:
QR Code: Rs 100
M-POS: Rs 250
POS: Rs 475
Third Party Services:
a) Sole acquiring:
PSTN: Rs 450
DGPRS (without battery): Rs 600
GPRS (without battery): Rs 700
b) Multi acquiring:
DGPRS (without battery): Rs 450
GPRS (without battery): Rs 5003 MDR
0
4 Debit card
0
Txn upto 1000
NIL
from 1000 to 2000
NIL
above 2000
0.90%
5 Credit card
0
Standard
(for all credit card & International Debit Card)1.99%
premium
1.99%
super premium
1.99%
Diners & Discover Cards
3%
6 Security Deposit
1) GPRS Fixed/Wireless/ PC POS -Rs 10000/-
2) PSTN: Rs 6000/-7 Copy of Charge Slip
0
8 Mark Up for International Txn
0
-
ADVANCES (MID/ LARGE CORPORATE )
Sr. No.
Area of Banking Service
Revised service Charges
(Excluding GST) w.e.f. 20.06.20191
(A) Processing charges for FB & NFB Working Capital Loan
FB & NFB Working Capital
Amount/Status
Up to Rs. 25000: NIL
Above Rs. 25000 (Fresh/review): Rs. 350/Lakh or part thereof
Cap for Priority Sector Rs. 35.00 Lakh
Cap for Exporters Rs. 17.50 Lakh
Other Advances No capSame processing charges for FB and NFB facilities as proposed above
(B) Processing charges for DL/TL/DPG/Corp Loan
(Fresh/Additional Limit)
1% of the limit sanctioned
Cap for Exporters: Rs. 50 Lakh
Cap for Priority Sector: Rs. 100 Lakh
Other Advances: No cap(C) Processing charges for Real Estate Advances and Future Rent Receivables
Real Estate Advances
2% of the limit without capReal Estate Advances under Future Rent Receivables
Scheme (Greater than Rs. 20 Cr)2% of the limit without cap
(D) Review/Annual Review of short Term loan /DL/Corporate Loan/TL/DPG
(other than Retail Loan & Loan against Future Rent Receivables)
0.10% without Cap(Above charges will also be applicable for review/rollover of Short Term Loan)
(E) Processing charges for giving agreement in principle in respect of advances account.
Upto Rs. 5 Crore– Nil
Above Rs. 5 Crore to Rs. 10 Crore – Rs. 25000/-
Above Rs. 10 Crore – Fee of Rs. 2 Lakh to be obtained upfront (non-refundable). (Other unified charges as applicable to be recovered on sanction)
May be chargeable only when communicated in writing to the borrower(F) Commitment Charges
(Fund based facilities)To be charged on the entire unutilized FB limit are as under w.e.f. 20.09.2019 till 13.08.2020:
AAA & AA rated customers - 0.10% p.a.
A rated customers - 0.20% p.a
BBB rated customers - 0.30% p.a.
BB and below rated customers - 0.40% p.a.
(Fund based facilities)To be charged as under w.e.f 14.08.2020:
No commitment charges to be levied in case average utilisation of limits are minimum 60% and above of limits on annual basis. Utilization shall be tested on annual basis as on year ending 31st March. However, if the average utilisation of limits is below 60% during the financial year, commitment charges will be levied as under:Parameters Charges For customers submitting QIS statements @ 0.75% (exclusive of GST) for the balance un–utilized portion viz-a-viz 60% of limits. For customers not submitting QISb statements @ 0.50% (exclusive of GST) for the balance un–utilized portion viz-a-viz total limits. Note: If the average utilisation of limits is 60% or above during the financial year, no commitment charges to be levied for both customers submitting QIS statements and customers not submitting QIS statements.
At the time of closure of accounts, the commitment charges should be recovered on a proportionate basis.(G) Commitment Charges
(Non-Fund based facilities)Commitment charges will be levied in case of non-utilization / under utilization of Non Fund based credit facilities with limits of Rs. 1 Crore and above @ 0.25% p.a for the unutilized portion.
Where average utilization is 60% and above of the limit or as indicated in QIS statement, no commitment charges to be recovered separately.5
Documentation Charges
(Fund Based only)
For Corporate accounts above Rs. 1 Crore: 0.10% of limit with a maximum of Rs. 25,000/- to be charged in addition to actual expenses incurred.
No documentation charges for LABOD/OD against bank’s own deposits, Loan against NSC, KVP, Govt. Securities & loan to staff members.
Note: When to be charged
New sanctions (Entire fund based limits including DPG, Usance LC an Financial Guarantees) At the time of obtaining the set of documents before disbursement.Review of a/c with existing limits
No charge if no fresh / additional documents are obtained.Review with increased limits
For the entire amount of reviewed limit.Ad-hoc limits - At the time of taking documents for ad-hoc limits.
Obtaining LAD - No ChargesOther Conditions : a) In respect of fresh sanctions / new accounts branches should invariably recover the charges as above in cash or debiting account.
For issuance of No Objection Certificate or C.P.: Rs. 10,000/- per occasion (no levy where Bank recovers issuing & paying agent charges as IPA).6
Charges for carrying out inspection of securities charged to the bank
(for other than retail loans)To be charged w.e.f 20.09.2019 till 13.08.2020:
Upto Rs. 5 Lakh: Nil
Above Rs. 5 Lakh – Rs. 1 Crore – Rs. 1,000
Above Rs. 1 Crore - Rs. 10 Crore – Rs. 5,000
Above Rs. 10 Crore - Rs. 25,000 per locationIn addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered.
To be charged w.e.f. 14.08.2020:
For accounts with limits upto Rs.10 Cr: No Change (existing charges to be continued)
For accounts with limits of Above Rs.10 Cr: Rs.10,000+GST per location with a cap of Rs.2,00,000/-+GST per annum for all locations put together. In addition, actual conveyance and out of pocket expenses to be recovered.
For accounts where Agencies for Specialized Monitoring (ASM’s) have been appointed: Flat Rs.25,000/- per annum + GST (irrespective of number of locations).7
Bills purchased/ Discounted or advances there against –Exchange / Commission
For cheques/ bills
i) a) On instruments drawn on our Branches / other Banks where we have branches : Exchange @ 35paise% . plus Collection chargesb) For instruments drawn on other Banks where we do not have branches: Exchange @77 Paisa % Plus collection charges
Note: The above covers interest for 10 days for (a) & 14 days for (b).
ii) a) On cheques/ bills returned unpaid penal interest
@ 2% +(1 year MCLR + 6.50%) p.a. from 11th/15th day of purchase as the case may be till the date of reimbursement.
b) Overdue interest to be charged @ 2% over the applicable rate (document rate) on cheques/bills from 11th/15th day of the case may be.
NOTES- Usual collection charges as applicable for the respective slab i.e. Section II-1 in case of cheques and Section II-3 in case of supply / purchase bills are to be levied in all cases in addition to interest.
- Collecting Banks’ charges, if any, should be recovered in full.
- When the bills are tendered for discount under the Bills Rediscounting scheme, besides collecting the discount at the prevailing rates, normal service charges like actual conveyance and actual out of pocket expenses reimbursed etc in sending the bills to SIDBI/IDBI also to be collected.
- “Date of actual reimbursement” means:
- Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.
- Where Bills are sent to other Banks or where instruments are returned unpaid, the date of reversal of the B.P. entry at the purchasing branch.
- Change of original instruction in respect of Bills Purchase discounted – Rs. 50/- per request.
Mentioned rates are also applicable to all segments.
(HO:BR:111:203 dated 29.07.2019)10
Providing Credit opinion (including opinion & introduction)
Rs. 500
$ 100 in respect of foreign banks11
Other Credit related Areas Allowing interchangeability within fund based limits,within non-fund basedfacilities andbetween fund based and non fund based limits.
One time fee of 0.25% of the amount involved subject to maximum of Rs. 25,000/-
12
Issuing of NOC of all typeslike granting NOC for cedingparri passu charge, exclusive charge,2nd charge etc. (Not applicable in case of NOC / Exchange of parripassuletter in consortium accounts.)
Rs. 25 lakhs and below - Rs. 1,000
Above Rs. 25 lakhs to Rs. 10 crore - Rs. 10,000
Above Rs. 10 crore - Rs. 20,00013
Revision of Repayment schedule in respect of TL/DL
No Charges
14
Fee for opening /operatingEscrow / TRA A/Cs. (Trust & Retention A/c.)
Our share in limits:
Upto Rs. 5 cr. – Rs. 1 Lakh
Above Rs. 5 cr and upto Rs. 10 cr. – Rs. 2 Lakh
Above Rs. 10 Cr. – Rs. 5 LakhThe captioned charges are applicable for opening/ pertaining ESCROW/ TRA A/Cs (Trust & Retention A/C) to be recovered per annum. Periodicity of collection of above fees is annual.
15
(A) Charges for TEV study
(when report is not shared with the customer)Project cost:
Up to Rs. 15 Crs.
TEV study by bank – Rs. 1 Lakh
TEV study by Consultant – Consultant fee + Rs. 25000> Rs. 15 cr and up to Rs. 300 cr - 0.05% of project cost – Min. Rs. 2 Lakh
> Rs. 300 Cr ( Where TEV study is done by PFD)Fees to be decided on a Case to case basis
(B) TEV Study
(When report is shared with the customer)Project Cost:
Up to Rs. 15 Cr:-
TEV Study by bank- Rs. 3 Lakh
By consultant—Consultant fee + Rs. 25000
>Rs. 15 Cr and up to Rs. 300 Cr.- 0.15% of project cost
>Rs. 300 Cr – TEV Study by PFD- case to case basis.(Consultant fee ceiling to be fixed by the authority , who approves empanelment of consultants)
(C) Vetting / waiver of TEV Reports
Out of pocket expenses for TEV studyVetting of TEV Reports:
Where project cost > Rs. 300 cr. – Rs. 50000
Waiver of TEV Study:
(Wherever TEV study is waived by the competent authority)Upto Project cost Rs. 5 cr. – Nil
Above Rs. 5 cr. – Rs. 50000 (charges to be recovered in addition to usual proc. Charges for addl. Risk taken by the Bank)All “out of pocket expenses” in addition to the TEV study charges are to be borne by the borrowers.
16
Mortgage Creation Charges
(Other than retail and Priority sector)Per borrowing entity with FB+NFB limits of
Below Rs. 1 .00 Crore - Rs. 5,000/-
Above Rs. 1.00 crore to Rs. 10 Crore - Rs. 15,000/-
Above Rs. 10 Crore - Rs. 25,000/-The charge specified is applicable per instance irrespective of the number of title deeds.
The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.
The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.
17
Prepayment charges on Term Loan / Demand Loan / Working Capital Demand Loan
At the rate of 2% p.a. on the balance amount of loan and for the residual period of prepayment except Retail Loan including Loan against Future Rent Receivables/Staff Loans.
18
Modification Charges
To be charged w.e.f 20.09.2019 till 13.08.2020:
Upto Rs. 1.00 Cr - Rs. 5000
Rs. 1.00 to Rs. 10.00cr - Rs. 15000
Above Rs. 10.00 cr - Rs. 25000To be charged w.e.f. 14.08.2020:
For accounts with limits upto Rs.10 Cr: No Change (existing charges to be continued)
For accounts with limits Above Rs.10 Cr: 0.01% of the sanction limit subject to a minimum of Rs.25,000/- (exclusive of GST) and maximum of Rs.10 lakhs (exclusive of GST).The charges shall be levied per instance of proposal submission and should be recovered only in respect of customer induced modifications and not on modifications in terms and conditions which were not discussed with/ accepted by the customer at the time of sanction/ review.
Illustrative instances of Modification at the request of the borrower where this charge will be levied:-
Substitution of Collateral
Interchangeability of limits
Release/ Substitution of Personal Guarantee/Collateral Security
Change in Project/ items of machinery
Ceding of charges on Assets
Rephasement of Loans/ Deferment of Loan instalments
Approvals for mergers & amalgamations
Modification in Rate of Interest
Any other miscellaneous credit related approvals19
Revalidation of Sanction
Working Capital - 25% of the applicable processing charges without Cap
Term Loan - 25% of the applicable upfront charges without CapNot applicable for Export Finance.
20
Lead Bank charges as Leader of Consortium on total assessed limits
0.20% of the aggregate of Fund Based and Non Fund Based, subject to a minimum of Rs. 5 lakhs and maximum of Rs. 50 lakhs.
This will be in addition to the processing charges
21
Charges for copy of the documents for submission to any statutory authority
Actual photocopying charges + Rs.1000/-
22
Charges if presence of bank official is required along with the documents for photo copies
Actual photocopying charges + Rs. 2000/- + Out of pocket expenses
23
Charges for cancellation of Bank’s lien on Government Securities / LIC Policies on closure of the Loan
1. Within one month from the date of closure of the loan: at the rate of Rs. 100/- per instrument + Out of pocket expenses
2. After one month from the date of closure of the loan: at the rate of Rs. 200/- per instrument + Out of pocket expenses -
Inland Trade Finance
Inland LC Sr. No. Services Service Charges W.E.F. 10.12.2022 1. Inland L/C - Sight : 0.70% (the period to be calculated from the date of opening of LC to the last date of its validity)
- Usance:
External Rating LC % commission (p.a.) AAA/A1+ and Fully Government Guaranteed 0.75% AA/A1 1.00% A/A2 1.25% BBB/A3 1.50% BB and below/ A4 and Below/Unrated 2.40% - Note:
- In case of Inland L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.
- For MSME unrated accounts, the applicable commission shall be in line with BBB accounts as above.
- For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, short term rating to be used for arriving at appropriate Commission.
2. Inland Bill charges Sr Services Service Charges a OBC collection charges 0.125 % Subject to Min. INR 500 & maximum INR 10,000.00
# Proposed Charges only for Purchase, Discount and Negotiation of Bills. For others remains unchanged.
b IBC collection charges 0.125 % Subject to Min. INR 500 & maximum INR 10,000.00
# Proposed Charges only Bills presented under the Inland LC opened by us. For others remains unchanged.
c Discrepancy Charges 0.15% Min. Rs. 500 & Max. Rs. 2000/- 3. Inland Guarantee - Performance Guarantee (Min Comm: Rs.1500)
Rating Up to 3 years (% p.a.) Above 3 years (% p.a.) AAA+ / AAA / AAA- / Govt Gtee 1.00 1.10 AA+ / AA / AA- 1.20 1.30 A+ / A / A- 1.50 1.60 BBB+ / BBB / BBB- 2.00 2.10 BB & BELOW & Unrated 2.40 2.50 - Financial Guarantee (Min Comm: Rs.1500)
Rating Up to 3 years (% p.a.) Above 3 years (% p.a.) AAA+ / AAA / AAA- / Govt Gtee 1.25 1.35 AA+ / AA / AA- 1.45 1.55 A+ / A / A- 1.75 1.85 BBB+ / BBB / BBB- 2.65 2.75 BB & BELOW & Unrated 3.00 3.10
- For MSME unrated accounts, the applicable commission shall be in line with BBB (Both Performance and Financial guarantee) accounts as above.
- In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
- SFMS / SWIFT/ Courier of Rs.150 to be collected per guarantee.
- Charges to be recovered for the period including claim period, if any at the time of issue.
- In case of early redemption of guarantee after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded Other charges, if any, as applicable.
4. Other Charges Sr Services Service Charges a Other Charges A) Advising LCs
(only where LC opening Bank and advising Banks are different)Rs.1,000 b Confirmation of LC (only where LC opening Bank and confirming Bank are different) No Change
For addition of confirmation, 0.20% p.m. for the period of validity and usance on the amount of LCc Transferable LCs For each transfer Rs. 500 (whether in full or part thereof) where usance drafts are to be accepted, acceptance commission @ 0.10% p.m. to be charged; Min. Rs. 500 d Negotiation charges Rs. 1,000 e Clean payments received under LC Rs. 500 f Attestation of commercial invoices - At the time of negotiation / collection - Nil
- Each subsequent occasion - Rs. 100 per invoice
g Guarantees due to discrepancies in documents For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC