Service Charges & Fees

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Service Charges & Fees

Note : All services charges are exclusive of GST. W.e.f. 01.04.2019 GST at applicable rate i.e. 18.00% ( at present ) of service charges will be levied extra on these service charges.

Deposit and Allied Services
Sr. No. Area of Banking Service Revised Service Charges
w.e.f. 01.04.2019- excluding GST

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:-
Free folio allowed p.a. based on Av. Cr. bal. as follows:

Av.Cr. Bal (Rs.)

Folios not chargeable

Up to Rs. 1 lac

4

Above Rs. 1 lac

All Free

NOTE:
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.

Transaction Charges

Savings Bank Accounts

Savings NIL

2.

a) Charges for issue   of Duplicate Statement / Pass Book

First passbook/statement –Not chargeable
Rs 100/-- per Duplicate Pass Book / Statement with latest balance only

Duplicate Statement / Pass Book

Individual

Entries upto last 12 months

Rs.150/-

Entries more than 12 months

Rs.2/- per entry
(min. Rs.150/- , Max. Rs.5000/-)

Non Individual

Entries upto last 12 months

Rs.150/- per month (max. Rs.900/-)

Entries more than 12 months

Rs.2.50/- per entry (min. Rs.900/- , Max. Rs.10000/-)

b) Issue of letter of
acknowledgement/duplicate TDR in case of loss of TDR

For Acknowledgement Rs.50/-
For Duplicate TDR Rs.100 per instance

3.

Cheque Book Issuance Charges

Savings Banks A/c

Cheque book of 15 leaves is supplied by RBO.

In SB Accounts of individuals -30- leaves will be

Saving Bank

If Average Quarterly Balance -
above Rs.2.00 lacs – No Charge

Personalised Cheques –
If average balance upto  Rs.2 lac
Rs.5 per Chq. Book leaves. (*30- leaves will be not chargeable in a financial year.  

Non Personalised Cheques –
(30 leaves per calendar year not chargeable) Beyond that Rs.3.00 per leaf.

*Total 30 leaves will be free for financial year for personalized and non personalized cheque book


Current/CC/OD

After issuance of 1st cheque book, charges for  subsequent cheque book @  ` 5.00/- per leaf for CTS/MICR/cheque books.
Note: 1st Cheque book means cheque book of 50 leaves.


Current/ CC / OD
(First  Cheque Book of -50- leaves will not be chargeable)
If Average Quarterly Balance -
above Rs.2.00 lacs – No Charges

Personalised and Non personalised Cheques

If  average quarterly balance is upto Rs.2 lac

Rs.5/- per Chq. leaf.

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 & minimum balances

Current Accounts
Individual / Non Individual

Rural

Rs.1,000/-*

Semi-Urban

Rs.2000/- *

Urban Metro

Rs.3000/- *

* Quarterly Average Balance


Savings Bank Accounts. (SB 101)

Minimum Quarterly Average Balance

Saving Account

With Cheque Book

Without Cheque Book

Metro / Urban

1000

500

Semi Urban/ Rural

500

Nil

Pensioner / Staff / Ex staff

Nil

Nil


Baroda Basic Savings Bank account
Zero balance

Baroda Pensioners Savings Bank account
Nil
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.


5.

Charges for not maintaining minimum balance

Current Account

Metro/Urban
Quarterly Average Balance (QAB) of  Rs. 3000/- is not maintained :--   Rs.300/-  per quarter

Semi Urban:
Quarterly Average Balance (QAB) of  Rs 2000/- is not maintained :--   Rs 200/-  per quarter

Rural/Quarterly Balance of  Rs 1000/- not maintained –  Rs 150/- per quarter

SB  Accounts

Semi Urban/ Rural

Nil

Metro/
Urban

Rs. 150/- per Quarter

Shortfall in average balance

Slab of charges

Upto 25%

25% of the prescribed min.bal.

Above 25% to 50%

50% of the prescribed min.bal.

Above 50% to 75%

75% of the prescribed min.bal.

More than 75%

Full charge

(Excluding Basic Savings Bank accounts (PMJDY)).

Savings Bank - No frills A/c

Baroda Basic Savings Bank account- NIL

Baroda Pensioner’s Savings Bank account- NIL

Baroda Salary Advantage Account - Nil


NOTE :
If required Quarterly Average Balance is not maintained, any concessions sanctioned must be reconsidered by the sanctioning authorities within next quarter.

6.

Addition / deletion of names in Joint Accounts/Nomina-tions/Change in operational instructions (including Lockers)

Rs 100/- 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. 50/- 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)

Saving A/c

100/- per instrument

CA/CC/OD

200/- per instrument

In case of loss of complete blank cheque book

In case of loss of complete blank cheque book
Max. ceiling as below:

Saving A/c

500/-

CA/CC/OD

1000/-

11.

Charges for Cheque returned unpaid/Clearing/Transfer (Inward and Outward Return)

 

Dishonour / Return of Bills / Cheques (per instrument)

Chq recd in inward clg (SB/CA/CC/OD)

Upto Rs.1,00,000/-

Rs.125/-

Above Rs.1,00,000/- to less than Rs.1 cr.

Rs.250/-

Rs.1 Crore and above

Rs.500/-

Cheque return due to technical reason – not at the fault of customer- No charges

Cheque (drawn on us) returned
(Outward Return) –
(Financial Reason)


Dishonour / Return of Bills /Cheque in outward clearing SB/CA/CC/OD)

Upto 100000/-

Rs.150/-

Above Rs.100000/- to less than Rs.1 cr.

Rs.500/-

For Rs.1 crore and above

Rs.750/-

In case Bank remains out of funds :; actual interest @ 7.5% over base rate is to be charged extra

For other reasons – Rs 250/-

For technical reasons- not at the fault of customer- No charges

12.

Incidental charges for inoperative accounts

A) Inoperative Savings Bank a/cs.

i) Account maintaining stipulated minimum balance - Nil
ii)ii) No penal charges on inoperative Savings accounts where stipulated minimum balance is not maintained - As stipulated by RBI. Approved by EMC vide agenda item J-2 dated 10.07.2014


For inoperative Current Account -

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

Rs. 75/- per certificate (for individuals)

Rs. 150/- per certificate (for others)

14.

Charges for issuance of Interest Certificate, at the request of customer

For Second/Additional Certificate Rs. 100 per copy

15

Closure of A/cs -within a year

SB A/c

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.

Rs 200/- plus GST if account is closed beyond above time but within 1 year of the first customer induced transaction.(Excluding Small Savings bank and Basic Savings Bank accounts).


Current Account

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 :
Individual : Rs.250/-
Others : Rs.500/-


RD/ YSJY A/c>

Premature closure within a year of RD/ YSJY A/c within a year

Individual : Rs.100/-

Others : Rs.150/-

Closure of Account (all types of account) due to death of Account Holder – No Charges

16.

Issue of Solvency Certificate

Non commercial

300 per lac

Commercial

300 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 ` 2500

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

One time charges at the time of acceptance/modification of instructions.

a) Power of Attorney

b) Mandate

Saving A/c

500/-

CA/CC/OD

1000/-

19.

Change of authorized signatory including reconstitution of A/c.

Current, Cash Credit, Over Draft Account ` 250/- per change

20.

Post parcel for Collection

Our usual collection charges plus storage charges @ ` 50/- per day with a minimum of ` 250/-

21.

Copy of original of cheque / DD (paid by the Bank)

Upto 6 months old record 100

Rest 250

Collection
Sr. No. Area of Banking Service Revised service charges excluding GST
w.e.f. 01.04.2019
1. Collection of outstation cheques (By sending cheques physically)
a) Through our bank’s branches

CHARGES MANDATED BY RBI w.e.f. 30.03.2012

Upto 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/-

Rs 1 Lac to Rs 5 Lac 

Rs 200/-

Rs 5 Lac to Rs 10 Lac 

Rs 225/-

Above Rs 10 Lac

Rs 250/-

Above charges are exclusive of out of pocket expenses i.e. postages /courier extra.

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 for a minimum period of 1 year then no charges. Else flat – Rs. 50/-

3.

Collection of Bills (Clean / Doc.-Demand & Usance)

a) Applicable  to   IBCs

Bills for Amount :

Upto Rs.1,00,000/- -

Rs.12/- Per Rs.1,000/-or part thereofsubject to
Minimum Rs.100/-.

Above Rs. 1 lacupto Rs.10/-Lacs

Rs. 11/- per Rs.1,000/-
or part thereofsubject to a min. ofRs..1200/-

Above Rs.10/- Lacs

Rs.10/- per Rs.1,000/-
Min. Rs. 10,000/- &
Max. Rs.12,000/-

Note: Postage is to be recovered on actual basis in higher multiple of Rs 5/-

 

b) Applicable  to   OBCs

Bills for Amount :

Upto Rs.1,00,000/-

Rs..10/- perRs..1,000/- or
Part thereof subject to minimum Rs..100/-

Above Rs.. 1/- lac& upto Rs..10/- lacs

Rs..9/- per Rs.1,000/- or part thereof subject to a minimum to Rs.1000/-

Above Rs. 10/-lacs

Rs..8.00 per Rs..1,000/- min. Rs.. 9,000/- & max. Rs.15,000/-

4.

Handling charges for bills returned unpaid
Local
Outstation

 

Rs. 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.
a)  Delivering free of payment
b)  waiving 'c' form etc
c)   Allowing rebate

d) Extending time for  retirement

Rs. 100/- per request

Remittances

Charges at Branch against RTGS and NEFT charges mentioned under section Service charges & Fees

Sr. No. Area of Banking Service Revised service charges excluding GST
w.e.f. 01.04.2019
1.

Issuance of  DD/BC

Individual:

 

Up-to Rs.5000/-   

- Rs.50/-

Above Rs. 5000/- to Rs.1 lac  

:- Rs.3/- per thousand or part thereof.

Minimum Rs.50/- maximum Rs.300/-
Above Rs.1 lac : – Rs.5/- per thousand or part thereof. Minimum Rs.500/- and Maximum Rs.15000/-
Non-Individual:  

UptoRs.5,000/-

-Rs.50/- 

Above Rs.5000/-to Rs.1 lac

Rs.3/- per thousand or part thereof.

Minimum Rs.50/- maximum Rs.300/-

Above Rs. 1 lac-

Rs.5/- per thousand or part thereof. Minimum Rs.500/- Maximum Rs.15000/-

Note:
At par issuance of DD/Bankers' cheque in respect of loan sanctioned by the branch and payment is made directly to the suppliers.

2. Cancellation of DD/ Bankers' cheque and/or issue of fresh DD/ Bankers' cheque in lieu of lost one.

Individual & Non Individual:

Up to Rs. 500/-      Nil
Above Rs.  500/-    Rs.  100/- per    instrument.

In case of lost instrument,

Up to Rs.  500/-      Rs. 20/-
Above Rs.  500/-    Rs.  200/- per  instrument.

3.

DUPLICATE DD

Individual & Non Individual:

Upto Rs.500/- - Rs.50/-
Above Rs.500/- -Rs.250/- per instrument.

4.

Against tender of cash for any mode of remittance

50% plus higher charges over floor rates

5.

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 05.09.2011

With effect from 23.05.2016 ( As per RBI circular RBI/2015-16/306 DPSS (CO) RTGS No. 1926/04.04.002/2015-16 dated 04.02.2016 ( HO:BR:108:68 dated 17.05.2016)

(A) On all RTGS Transactions (INWARD)-- =   Nil
Total charges(Excluding. GST)

Amount in Rs

Transaction

Total charges( Excl. GST)

 Rs 2 Lacs to Rs 5 Lacs

Total charges ( Excl. GST)

Above Rs 5 Lacs

8.00 hrs. to 11 hrs.

25/-

  50/-

After 11 hrs. to 13.00 hrs.

27/-

  52/-

After 13.00 hrs. to 16.30 hrs.

30/-

  55/-

After 16.30 hrs

30/-

  55/-

6.

Remittance of fund through NEFT through cheque/cash -

Particular

Charges through Branch
(w.e.f 01.06.2019)

Up to Rs. 10,000/-

Rs. 2.5 + GST

Rs.10,001/- to Rs.1,00,000/-

Rs. 5/- + GST

Rs.100001 to Rs.2 lacs

Rs.15/- +GST

Above Rs.2 lacs

Rs.25/- +GST

“NO CHARGES for NEFT through “Baroda Connect” & “M-Connect” for any amount (i.e. up to default retail/ corporate transaction limits including corporate individual specific limits).

7

IMPS Service Charges

Particular

Charges through Branch (w.e.f 01.06.2019)

Up to Rs. 1,000/-

Rs.2/- +GST

Rs.1,001/- to
Rs.25,000/-

Rs.3/- +GST

Rs.25,001/- and above

Rs.10/- +GST

8.

Payment of Fixed deposit to other bank

Remittance charges as applicable plus out of pocket expenses

Miscellaneous Services
Sr. No. Area of Banking Service Revised Service charges w.e.f
01.04.2019
1.

Safe Custody Charges

Sealed Covers:   Rs. 350/- per cover per  annum
or part thereof.

Sealed boxes –    Rs.  3000/- per box per annum (size 200 cubic inch)

Bank’s own Deposit Receipt :     No charges

2.

Service Charges for handling scrip

As per discretion of Regional Manager

3.

Attestation of customer’s signature

Rs. 100/- per instrument / occasion.

In case of joint A/c. - Rs. 150/-

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. 100/- per photo / occasion

6.

Cash Handling Charges-FOR CASH DEPOSIT
(Applicable to base branch and also to Local Non-base branches)

Total cash deposited at Base and Non-base branch (local)

  • Savings Accounts – No charges

   

  • For CA/OD/CC/Other Accounts:

Beyond Cash Deposit of ` 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 notes charges will be levied @ Rs 10/- per packet or a part thereof. (Min. Rs 10/- , Maxi. Rs 10000/- .”

Exemption :  Savings, BKCC /Loan Repayment upto sanctioned limit of Rs.2.00
lacs, PSUs, NPA Recovery, Corporates / Institutions having salary account of their employees / Corporate accounts with specific MOUs

Locker Service Charges

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 :

  1. 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.
  1. 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 Servce Revised service charges excluding GST
w.e.f. 01.04.2019
1. CBS Operations –Inter-SOL charges.
(A)CASH DEPOSIT (Inter-SOL)

Outstation - Non Base Branch

SB/CA/CC/OD/others :

Upto Rs. 25000/-

Nil

Above Rs.25000 upto Rs.50000/-

Rs.25/-

Above Rs.50000/- upto Rs.1.00lac-

Rs.50/-

Above Rs.1 lac

Rs.100/-

(Note : For Rs 50000/- and above PAN is required to be submitted as per requirement of Income Tax)

2. CASH WITHDRAWAL (Base branch, local non base branch and outstation )

Cash withdrawal at Non base branch/ local /outstation.

Upto Rs. 25000/-

Nil

Above Rs.25000

Rs.2/- per thousand or part thereof Minimum Rs.50/-

Note:
1.Inter SOL cash payments to third parties is totally withdrawn
2. Per day per transaction limit of ` 50000/- is fixed for cash withdrawal by account holder only (through withdrawal up to ` 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. 01.04.2019

1.

(APPLICABLE TO ALL ABOVE SERVICES/ ACTIVITIES)
a) 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/-.

b) 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

Sr. No.

Services

Revised Service Charges w.e.f. 01.04.2019

(excluding GST)

Bill purchased/discounted/negotiated

  1. Foreign Currency Export Bill

Bill amount below equivalent USD 25000.00 – Rs. 600.00

Bill amount equivalent to USD 25000.00 and above– Rs. 1200.00

  1. Rupee Export Bill

Bill amount below equivalent USD 25000.00 – Rs. 600.00

Bill amount equivalent to USD 25000.00 and above– Rs. 1200.00

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 flat rate per bill

Where reimbursement under a Letter of Credit is claimed by the bank with another Authorized Dealer in India

Rs. 500.00 per claim

For joining customer’s guarantees and giving guarantee on behalf of customers in respect of discrepant documents.

Proposed to be discontinued as not applicable

Commission in lieu of exchange

=> Transfer of letters of credit

=> Amendments

Rs. 500/- for each transfer and subsequent amendments.

For each Export bill sent for Collection

For Bill amount equivalent USD 25000.00 and above – Rs. 750.00

For Bill amount below equivalent USD 25000.00 – Rs. 500.00

If the entire sets of export documents have been sent by the exporter directly to the overseas buyer after complying with Exchange Control formalities.

Rs. 346 for each shipping bill.

For each export bill sent for collection against which advance payment already received.

  1. Full bill amount received in advance

  2. Part Bill amount received in advance and remaining on collection basis

Rs. 250.00 per remittance.

Charges applicable to Export Bill for collection under serial no. 1 should be recovered from the customer at the time of submission of export bills.

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. 287 per bill per quarter

11

Charges for issuance of export related certificates

Rs. 50 per certificate

12

Advising Letter of Credit for the Our bank’s clients

Rs.750 per LC

13

Advising Letter of Credit for the other-Bank clients

Rs. 1000.00 per LC

14

Advising of Amendment for Our Bank’s clients

Rs. 250

15

Advising of Amendment for Other-bank clients

Rs.500 per Amendment

16

LC confirmation charges where LC opened in favour of Indian Exporter

  1. 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.

  1. 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)

Charges applied for actual number of days per annum basis.

17

Transfer of Letter of Credit

Rs. 863 per transfer

18

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)

  1. Sight

- 0.25% for the first quarter

- 0.15% p.m. thereafter

(Min. Rs. 1500.00)

  1. 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)

Charges applied for actual number of days per annum basis.

19

In case of a Letter of Credit established against 100% cash deposit as Security.

25% of the charges as mentioned in Serial No 17

20

STANDBY LETTER OF CREDIT

Discontinued

Included under point 67

21

Extension of validity of LC

Rs.750/- per amendment plus charges applicable as per point 17

22

In case of enhancement of value of credit

Rs.500.00 per amendment

In case of enhancement of the value of a letter of credit, charges as per point No. 17 for establishing a letter of credit shall be recovered for the additional amount, on the outstanding liability under the LC

23

In case of amendment extending the tenor of the Bills of Exchange

Rs.500 amendment charges

In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per point no 17 shall be collected on the outstanding liability under the LC

24

Amendment other than extension of validity or enhancement of tenor of the bill of exchange

Rs.500.00 per amendment.

25

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 17 from the date of expiry upto the validity period of the revival Letter of Credit.

26

Letter of Comfort issued for availing Buyer’s Credit

Facility Discontinued as of now as per RBI directives.

27

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.

Calculated on the amount of liability under such credit at the beginning of every quarter

LC Amount

% per quarter

Upto 1 crore

0.25

> 1 crore upto 5 crore

0.18

> 5 crore

0.10

28

If the validity period of a Letter of Credit covering import on deferred payment terms is extended.

Flat amendment commission of Rs. 500/-, However, for any amendment extending the validity of the letter of Credit beyond 3 month period, commission at the applicable rate shall be recovered.

29

Amendment Enhancement

Rs. 250 + Tax

30

Credit Opinion Report

Actual cost of report

31

Shipping Guarantee for clearance of goods pending production of bill of lading.

  1. Relating to imports under LCs opened by the banks

  2. In all other cases

Rs. 1000 + Tax

32

Foreign currency Import bills under LC at the time of crystallization or retirement whichever is earlier

( where exchange benefit accrues)

Import Bills received under LC on exchange benefit accrues to opening Bank including Remittance made out of EEFC Account-

0.125% per Bill

• Min. Rs.750

• Max. Rs.25,000

33

Foreign currency bills under LC where no exchange benefit accrues

0.1% (minimum Rs. 500.00)

34

Discrepancy charges in case of non-confirming documents under LC

USD 50.00 or its equivalent rupee

35

Import bill (not under LC) drawn in foreign currency on which bank earns exchange benefit.

0.15%

For Individual transactions over Rs.1.00 crore rates applicable as below borrower account with

Credit Rating

Charges

AAA

0.60% p.a.

AA

0.60% p.a.

A

0.75% p.a.

BBB

1.50% p.a.

Below BBB and Unrated

2.25% p.a.

Minimum of Rs.500.00 and Maximum Rs.25000.00

36

Import bill (not under LC) drawn in rupees and in foreign currency on which bank earns no exchange benefit.

0.30%

For Individual transactions over Rs.1.00 crore rates applicable as below borrower account with

Credit Rating

Charges

AAA

0.60% p.a.

AA

0.60% p.a.

A

0.75% p.a.

BBB

1.50% p.a.

Below BBB and Unrated

2.25% p.a.

Minimum of Rs.500.00 and Maximum of Rs.50000.00

37

For foreign currency import bill required to be forwarded to another bank required for remitting proceeds to the remitting bank abroad

Rs. 500.00 per bill as handling charges

38

For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.

Where exchange benefit accrues to the bank

In case of documents received by Importers directly from Overseas

Exporters (Commission should be recovered at the time of effecting the

Remittance)-

Upto Rs.2 cr.

0.125%

• Min.Rs.250

Above Rs.2

cr.

0.125%

• Max. Rs. 25,000 per Remittance

39

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 bank

50% of charges in point 35 above

40

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.

0.20% with a minimum of Rs. 500.00.

41

If foreign currency remittances are received in advance from the overseas buyer, and the specific request of merchanting trade customer hold the foreign currency funds in their Nostro A/C without converting the amount into Indian Rupee till the date of payment to the overseas supplier & the bank would not apply buying and selling rate of exchange.

Serial 41

Discontinued

(We have charged for Merchanting Trade transaction separately)

42

Advance remittance against imports

Where exchange benefit accrues to the bank

Rs. 100.00 – remittance up to Rs.10000.00

Rs. 200.00 – remittance above Rs. 10000.00

+ 25% of charges in point 34 above

43

Advance remittance against imports

Where no exchange benefit accrues to the bank

Rs. 100.00 – remittance up to Rs.10000.00

Rs. 200.00 – remittance above Rs. 10000.00

+ 25% of charges in point 35 above

44

Custody charges for overdue import bills

Rs. 250.00 per quarter or part thereof for each bill, if the bill is not paid within 10 days from the due date/date of presentation.

45

Merchanting trade transactions for Import transaction

(Other than applicable charges for import bill i.e. collection charges, overdue charges, etc.)

Commission at 0.1% shall be charged on each transaction and the Bank shall not pay interest on such advance remittances or not grant rupee advances against foreign currency funds thus received. (min. Rs.1000.00)

46

Counter signing/ Co-acceptance/ Availisation of Import bills

0.085% per month for the tenor of bills subject to minimum of 0.25%.

47

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.

48

IMPORT BILLS FOR COLLECTION

Usually in respect of foreign currency collection bills the bank shall be entitled to exchange and commission. If for any reason the bank is required to forward the documents to another bank which will be required to remit the proceeds to the remitting bank abroad.

Discontinued.

Already covered under point no 36

49

Outward remittance in foreign currency for Non-individuals (other than advance payment against import)

Where exchange benefit accrues to the bank

Rs. 100.00 – up to Rs. 10000.00

Rs. 200.00 – above Rs. 10000.00

50

Outward remittance in foreign currency for Non-individuals (other than advance payment against import)

Where no exchange benefit accrues to the bank

0.10% with a minimum of USD 10 and maximum of USD 50 or its rupee equivalent.

51

Outward remittance in foreign currency under LRS and remittance from NRO accounts

Rs. 100.00 – up to Rs. 10000.00

Rs. 200.00 – above Rs. 10000.00

52

Outward remittance in foreign currency from NRE account

NIL

53

Issuance of Foreign Currency Demand Draft

Rs. 100.00 – up to Rs. 10000.00

Rs. 200.00 – above Rs. 10000.00

54

Issue of Foreign Currency Travellers Cheques commission

1% on rupee equivalent payable by the customer.

55

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%

56

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.

NIL

57

Inward Remittances

Nil where proceeds are to be credited to our account.

In all other cases – Rs. 100.00

58

Commission on Clean Instruments sent for collection abroad

0.1% of the instrument amount

(min. Rs. 50.00 – max. Rs. 5000.00)

59

Foreign currency instruments favouring resident beneficiary and sent for collection in India

Discontinued

Already included in point 57

60

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.

61

Where the inward remittance has to be paid in foreign currency by way of a Demand Draft/ Mail Transfer/ Payment Order/ Telegraphic Transfer

Discontinued.

Already covered at point 54

62

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/ beneficiary’s bank as the case may be.

0.1% min. Rs. 100.00 and max Rs. 5000.00

63

Export performance guarantees for Project Exports which include:

  1. Bid-bond

  2. Bond for earnest money

  3. 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.

Commission in respect of Bid Bonds: Commission for issuing bid bonds for supplies to projects carried out abroad 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.

64

Export Performance Guarantee (other than Project Exports) covering:

  1. Bid Bond, etc.

  2. Export Obligations in terms of import trade control regulations

Guarantees linked to deemed exports

0.085% p.m. for the specified period of liability. Where the guarantee period is less than 3 months, commission recoverable will be 0.25% of the guaranteed amount. 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.

65

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.

66

Enhancement of Value/ Extension of Tenor of the Guarantee

Charges as per point no. 62,63 and 64 are applicable.

67

Guarantees issued against 100% cash margin/ 100% counter guarantee of the GOI

25% of the charges as per point no. 62,63 and 64 applicable.

68

Standby Letter of Credit

From the date of opening of LC to last date of its validity including usance period.

Borrower account with credit rating

Charges

AAA

1.00% p.a

AA

1.00% p.a.

A

1.50% p.a.

BBB

2.25% p.a.

Below BBB & Unrated

2.50% p.a.

69

All other guarantees

0.15% p.m.

Min. Rs.250

70

Minimum charges for any guarantee shall be

Discontinued

71

Processing of ODI transaction including generation of UIN

Rs.1,000 per scrutiny of each of the form ODI i.e. ODI Application / ODI Part-II, Annual Performance Report, Disinvestment / Closure Report, before submitting to RBI

72 

Swift Charge

Rs. 500.00 for every SWIFT message

73

Courier Charges

Dispatches outside India – Rs. 700.00 per set of document

74

Processing of applications /representation to RBI

NIL

75

Issuance of NOC for permitted cases in respect of capital account transactions

NIL

76

Charges for Booking of forward contracts

Rs. 400.00 per contract

77

Charges for Early Delivery/Extension of Forward Contracts Including NRIs)
Cancellation of forward contract

Rs. 400.00 per contract

Nil

78

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).

0.075% in lieu of Exchange + SWAP charges + Interest from the date of Negotiation till date of credit of proceeds in Bank’s Nostro Account

• Min. Rs.150
• Max. Rs.25,000

General Notes:

  1. In addition, any other out of pocket expenses incurred by the Bank will be recovered at actual.

  2. All above charges are exclusive of SWIFT and courier charges. SWIFT/ Courier charges as mentioned above will be additional charged wherever applicable.

  3. All above charges are exclusive of GST and applicable GST will be charged extra.

  4. 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

  1. Stamp duty charges applicable in the respective states as per government regulations from time to time will be recovered wherever applicable.

  2. 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.

  3. The above schedule of charges will only apply in cases where specific customer level pricing approval/sanction is not in place.

Mortgages & Retail Asset
Sr. No. Particulars Revised Service Charges Excluding GST w.e.f. 01.04.2019

1

Baroda Home Loan & Baroda Home Improvement Loan

Slab wise

Upto Rs.50 Lacs
0.50% of Loan amount:
Minimum: Rs.75,00/- (Upfront)
Maximum: Rs.12,500/-


Above Rs.50 Lacs
0.25% of Loan amount:
Minimum : Rs.75,00/- (upfront)
Maximum: Rs.20,000/-


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 Top-up Loan

0.25%
Minimum: Rs. 5,000/- (upfront)
Maximum: Rs.10,000/-

3

Takeover of Home Loan (Resident /NRI/PIOs)

Flat: Rs.7,500/- (upfront)

4

Pre Approved Home Loan (In Principal Sanction)

0.25% - 0.50%
(As per Home Loan Scheme)
Rs.7,500/- (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.7,500/- Maximum Rs.10,000/-

6

Baroda Advance Against Gold Ornaments / Jewellery

Slab wise
Upto Rs.25,000/-: Nil
Above Rs.25,000/-: 0.50%
Minimum Rs.500/-
Maximum Rs.2500/-

7

Baroda Traders Loan (including Baroda Traders Gold Card scheme)

OD: 0.125%
TL: 0.35%
Minimum: Rs.7,500/- (Upfront) per property

8

Baroda Loan to Doctors

0.35%
Minimum Rs.500/-
Maximum Rs.15000/-

9

Baroda Advance Against Securities

Nil

10

Baroda Car loan

Loans upto Rs.2.50 lakhs : 1000/-+GST
Loans > Rs. 2.50 lakhs & upto Rs. 7.50 lakhs: Rs.1500/-+GST
Loans > Rs. 7.50 lakhs : Rs. 2500/-+GST

11

Baroda Two Wheeler Loan

For Two Wheeler: Rs.500/- + GST
Staff/ Ex-Staff: No Charges

12

Baroda Personal Loan (including Baroda Premium Personal Loan)

Processing charges: 0.75% of loan amount + GST.
Documentation charges :
i) Rs.2.00 lakhs and below – Nil
ii)Above Rs.2.00 lakhs -0.10%+ST min of Rs.500+GST

13

Baroda Pensioners Loan

Nil

14

Baroda Mortgage Loan:

TL: 0.75%
Minimum: Rs. 7,500/- (Upfront) per property
Maximum: Rs.1,50,000/-
OD:
Upto Rs.3.00 Crores: 0.35%
Minimum: Rs.7,500/- (Upfront) per property
Maximum: Rs. 75,000/-
Above Rs.3.00 Crores: 0.25%
Minimum: Rs.7,500/- (Upfront) per property
Maximum: No Limit

15

Baroda Education Loan

Study in India - Nil
Study Abroad - 0.75% 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.7,500/- 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

Future Rent Receivables

0.50%
Minimum: Rs.1000/-
Maximum:
Upto Rs. 5.00 Crores: Rs.2.00 lakhs
Above Rs. 5.00 Crores and upto Rs. 10.00 Crores: Rs. 3.50 Lakhs
Above Rs. 10.00 Crores and upto Rs. 20.00 Crores: Rs. 5.00 Lakhs
Above Rs. 20.00 Crores: Rs. 10.00 Lakhs

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: Nil
Other 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: Rs.10,000/-
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

Revised service charges w.e.f. 01.04.2019

Internet Banking

EPFO online collection/ ESIC online collection

Rs 10/- + GST

Internet Banking

IRCTC online TICKET BOOKING

Rs 10/- + GST

Internet Banking

PASSWORD PRINTING (charges on regeneration only,free for new user)

Retail - Rs. 25/- +GST
Corporate - Rs. 50/- +GST

IMPS

upto Rs. 1,000/-

Rs. 1/- +GST

IMPS

Rs.1,001/- to Rs.25,000/-

Rs. 1.5/- +GST

IMPS

Rs.25,001/- and above

Rs. 5.5/- +GST

NEFT

upto Rs. 10,000/-

Rs. 2.5/- + GST

NEFT

Rs.10,001/- to Rs.1,00,000/-

Rs. 5/- + GST

NEFT

Rs.1,00,001/- to Rs.2 Lac/-

Rs. 15/- + GST

NEFT

Above Rs. 2 Lac

Rs. 25/- + GST

BBPS

Electronic OFF- US transactions (Customer Convenience Fee in ₹)

Bill Amount ₹
0-1000→ Rs. 5/- + GST
1001-2000→Rs. 15/- + GST
≥2001→Rs. 25 + GST

BBPS

Customer Convenience Fee in ₹ for OFFLINE Physical transactions - All payment modes includes bank branches

Bill Amount ₹
0-1000→ Rs. 5/- + GST
1001-2000→Rs. 15/- + GST
≥2001→Rs. 25 + GST

National E-toll Collection

Tag Issuance Fee

Rs 84.74/- +GST

National E-toll Collection

Tag Replacement Charge

Rs 50/- + GST

NACH

Return Charges


Mandate Charges

Return Charges - Rs. 100/- + GST


Mandate - Rs. 100/- + GST

Self Service Pass Book Printer

Duplicate Passbook Issuance Charges

Rs.100 + GST

Debit Card Issuance

RuPay Classic (Non Personalised/ Personalised)

NIL

Debit Card Issuance

RuPay Platinum Non-Personalised/(Personalised)

NIL

Debit Card Issuance

Visa Classic (Non Personalised/ Personalised)

NIL

Debit Card Issuance

Visa Platinum (Non Personalised/ Personalised)

NIL

Debit Card Issuance

Master Card Classic (Personalised)

NIL

Debit Card Issuance

Master Card platinum (Personalised)

NIL

Debit Card Issuance

RuPay PMJDY (Bhamashah/Samagra)

Government Sponsored Schemes - Fee Exempted

RuPay KCC

RuPay Mudra

Debit Card Annual fee

RuPay Classic (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs.150/- + GST

Debit Card Annual fee

RuPay Platinum (Non-Personalised/Personalised)

1st Year Free & Second Year onwards Rs.200/- + GST

Debit Card Annual fee

Visa Classic (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs.150/- + GST

Debit Card Annual fee

Visa Platinum (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs.200/- + GST

Debit Card Annual fee

Master Card Classic (Personalised)

1st Year Free & Second Year onwards Rs.150/- + GST

Debit Card Annual fee

Master Card platinum (Personalised)

1st Year Free & Second Year onwards Rs.200/- + GST

Debit Card Annual fee

RuPay PMJDY (Bhamashah/Samagra)

Government Sponsored Schemes - Fee Exempted

RuPay KCC

RuPay Mudra

Debit Card PIN Regeneration

RuPay Classic (Non Personalised/ Personalised)

Rs.50/- + GST per regeneration

Debit Card PIN Regeneration

RuPay Platinum (Non-Personalised/Personalised)

Rs.50/- + GST per regeneration

Debit Card PIN Regeneration

Visa Classic (Non Personalised/ Personalised)

Rs.50/- + GST per regeneration

Debit Card PIN Regeneration

Visa Platinum (Non Personalised/ Personalised)

Rs.50/- + GST per regeneration

Debit Card PIN Regeneration

RuPay PMJDY (Bhamashah/Samagra)

Government Sponsored Schemes - Fee Exempted

RuPay KCC

RuPay Mudra

Debit Card PIN Regeneration

Master Card Classic (Personalised)

Rs.75/- + GST per regeneration

Debit Card PIN Regeneration

Master Card platinum (Personalised)

Rs.75/- + GST per regeneration

Debit Card PIN Regeneration

Mastercard world Radiance (Personalised)

Rs.75/- + GST per regeneration

Debit Card Other charges

Charge –slip retrieval charges

Rs.400/- per retrieval.

Debit Card Other charges

Surcharges for Rail Tickets and Petrol / Fuel / Gas Stations

Rs.10/- + GST

Debit Card Other charges

Card Replacement

Rs. 200/- + GST

ATM

Number of Free OFFUS transactions

Metro ATM-3, Non Metro-5

ATM charges after free OFFUS transactions

For Financial Transaction

Rs 20/- +GST per transaction

ATM charges after free OFFUS transactions

For Non – Financial Transaction

Rs. 10/- +GST per transaction

ATM International Usage Charges

Cash Withdrawal

For classic variant : Rs. 250/- +GST
For platinum variant : Rs. 450/- +GST

ATM International Usage Charges

Balance Inquiry

Rs. 30/- + GST

Pre-paid Card

Gift Card -Issuance : For amount up to Rs 2,000/-

Rs. 50/- + GST

Pre-paid Card

Gift Card -Issuance : For amount Rs 2,000/- Rs. 10,000/-

Rs. 100/- + GST

Pre-paid Card

Gift Card -Revalidation charges

Rs.100/- + GST

Pre-paid Card

Gift Card -Card Usage Charges (Per balance Inquiry)

Rs. 10/- + GST

Pre-paid Card

Reloadable card: Issuance charges

Rs. 100/- + GST

Pre-paid Card

Reloadable card-Revalidation charges

Rs. 100/- + GST

Pre-paid Card

Reloadable card -Other Service charges

Rs. 20/- + GST

Pre-paid Card

Travel Card Issuance fees - USD/GBP/EURO

Rs . 150/- + GST

Pre-paid Card

Travel Card Stand by card fees - USD/GBP/EURO

Rs . 150/- + GST

Pre-paid Card

Travel Card Re load fees - USD/GBP/EURO

Rs . 55/- + GST

Pre-paid Card

Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) USD

USD 3.0

Pre-paid Card

Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) GBP

GBP 2.0

Pre-paid Card

Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) EURO

EURO 2.0

Pre-paid Card

Travel Card- Chargeback fee USD

USD 3.0

Pre-paid Card

Travel Card- Chargeback fee GBP

GBP 1.5

Pre-paid Card

Travel Card- Chargeback fee EURO

EURO 1.5

Pre-paid Card

Travel Card- ATM Withdrawal fee USD/GBP/EURO

0.9% of Transaction value

Pre-paid Card

Travel Card- ATM Balance enquiry fee USD/GBP/EURO

USD 0.5 /GBP 0.5 /EURO 0.5

Pre-paid Card

Travel Card- Refund of balance in the card account : USD/GBP/EURO

Balance will be refunded after deducting INR 250/- +GST. Foreign Currency Conversion taxes extra as applicable.

Pre-paid Card

Travel Card- Deduction on expired Card (EVERY 12MONTHS): USD/GBP/EURO

USD 5.0 /GBP 3.0 /EURO 3.0

Pre-paid Card

Travel Card- Inactivity Fee (cardnotusedfor180days): USD/GBP/EURO

USD 5.0 /GBP 3.0 /EURO 3.0

Pre-paid Card

Travel Card- Card sent by other Bank(If left behind at other bank's ATM or POS): USD/GBP/EURO

USD 15.0 /GBP 10.0 /EURO 10.0

Pre-paid Card

Travel Card- New ATM Pin (sent to registered email ID): USD/GBP/EURO

USD 3.0 /GBP 1.5 /EURO 1.5

Pre-paid Card

Travel Card- Usage(Cross Currency):

3% of transaction value

SMS Alerts Charges

SMS Alerts Charges

Savings Account – Rs.10 + GST charged quarterly

Current / Overdraft / Cash Credit Accounts – Rs.10 + GST charged quarterly

Agriculture and Advances
Sr. No. Particulars Revised Service Charges excluding GST w.e.f. 01.04.2019

1.

Processing Charges for Agriculture

Upto 10 Lacs- NIL

For Working Capital (Fresh/Review)

Fund Based:

Above 10 Lacs– Rs.350/lac or part thereof maximum Rs.35.0 Lacs+ GST (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 lacs

For Term Loan (Fresh)
Above 10 Lacs - DL/TL 0.75% of the limit sanctioned

For Term Loan (Review)
Above 10 Lacs – Rs.60 per lac or part thereof with No Cap

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

2.

Inspection charges for Agricultural Advances

Up to 10 Lacs- NIL
Above Rs. 10 lakhs- Rs250+ GST per inspection or actual expenses whichever is higher
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

Nil

Demat Charges
Sr.No. Types of charges Revised charges w.e.f. 01.04.2019

1

A/c Opening Charges

NIL

2 DEMAT Annual Maintenance Charges

General Customer:
For Individuals-First year free for new accounts
From second year onwards 200/- p.a. plus GST
For Non-individual - 500/- plus GST                                      

BSDA customers:
For Individuals - First year free for new accounts

Thereafter no AMC to be levied if the value of holding is up to 50,000/- during financial year.
AMC will be charged at ` 100/- plus GST only for the value of holding from 50,001/- up to 2,00,000/- during financial year.

3 Dematerlisation of shares

Rs. 2.00 per certificate with minimum of 10/- plus actual postage plus GST

4 Re-materlisation

NSDL Demat account : 10/- plus actual postage for every hundred securities or part thereof subject to maximum fee of 5,00,000/- or a flat fee of 10/- per certificate whichever is higher for NSDL Demat accounts.

CDSL Demat account : 30/- plus GST per actual postage per ISIN

5 Transaction charges

General customers : 0.03% of market value subject to minimum ` 20/-+ S.T. per transaction.

For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs. 20/- plus GST per transaction.

BCML customers : Transaction charges at Rs.15/- plus GST per debit transactions

6 KYC Registering Agency Charges (KRA Charges)
  • KRA charges @ Rs. 40/- plus GST plus actual postage for new KYC data to be uploaded.

  • KRA charges @ Rs. 40/- plus GST per download will be applied.

  • For modifications in KRA of the existing clients KRA charges @ Rs.30/- plus GST plus actual postage

7 Pledge Creation

Rs.50/- + GSTper ISIN per request

8 Pledge creation confirmation

Rs.25/- + GSTper ISIN per request

9 Pledge closure

Free

10 Pledge closure confirmation

Free

11 Pledge invocation

Rs.25/- + GSTper ISIN per request

12

Failed instruction charges

NIL

13 Other charges
  • Additional A/c statement ` 5/- + GST per request.

  • Sign verification or any other certificate & freeze / unfreeze ` 50/- plus GST 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/- +GST 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 GST per request.

14 Overdue charges

Interest @18% p.a. will be payable for payment of service charges after due date

15 Transfer of securities from one DP to another DP consequent to account closure

Consequent 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 & condition
  • 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.

  • The service’s not listed above will be charged separately

  • All the above charges are applicable uniformly to individuals. Non-individual except that AMC are different for individuals and Non –Individuals

  • The charges are subject to revision from time to time at Bank’s discretion.

17 Transfer of securities from one DP to another DP consequent to account closure

Nil

18 Advance / Deposit

Nil

POS CHARGES

Sr. No.

Area of Banking Service

Revised Service charges w.e.f. 01.04.2019

(excluding GST)

Installation chrgs

NIL

monthly charges

Monthly Rental 475+GST

MDR

0

debit card

0

Txn upto 1000

NIL

from 1000 to 2000

NIL

above 2000

0.009

Credit card

0

standard (for all credit card & International Debit Card)

1.99%

premium

1.99%

super premium

1.99%

Diners & Discover Cards

3%

Security Deposit

1) GPRS Fixed/Wireless/ PC POS - Rs.10000/-
2) PSTN: Rs.6000/-

Copy of Charge Slip

0

Mark Up for International Txn

0

DOOR STEP BANKING SERVICE TO CUSTOMER

NEW

Customer Pricing

Range

Amount of Cash (Rs.)

Beat Pickup

On Call Pickup

Cash Delivery

RP0

ANY Cash Limit

0

0

RP1

Upto 50,000

4815.00

500.00

625

RP2

50,001 to 1,00,000

5065.00

600.00

625

RP3

1,00,001 to 2,00,000

6250.00

650.00

625

RP4

2,00,001 to 3,00,000

8500.00

700.00

750

RP5

300001 to 4,00,000

9500.00

800.00

750

RP6

4,00,001 to 5,00,000

14800.00

900.00

1125

Other Charges

Sl No.

Service

Service Charges to Customers

1

Beyond City Limit upto 5 KM (One way distance)

50% Extra above Charges.

2

Beyond 5 KM (One way distance) from City Limit

Rs.15 per KM whichever is higher.

3

Extra Limit Charges

75 per Rs.50,000/-or part thereof

4

Cash Counting & Verification at Customer's premises (Counting Machine provided by Client)

Rs.0.50 per Rs.1,000/-

5

Vaulting Charges (If Opted)

Rs.15000 per Month per location or Re.0.10 per Rs.1000/- on monthly throughout, which ever is higher.

6

Cash Processing Charges at Radiant Vault

Re.0.30 per Rs.1000/-

7

Processing of any abnormal ratio of lower denomination of Rs.50 and below

Rs.8/- per Rs.1000/-

8

Vault processed Cash Deposit

Same as On call Delivery rate.

9

CMS Document/ Cheque pickup & Delivery

Rs.2,200/- per point per month

10

Providing Centralized Fax/ Scan copy of Deposit Slip on daily frequency (if opted)

Rs.500/- per point per month (Single Deposit Slip)

11

Providing Bank copy of original Deposit Slip to Bank at Centralized Location (if opted)

Rs.450 per point per month. Frequency of Courier dispatch, will be once in a month.

Terms and Condition

1

Annual Price Hike -All the Fixed and Variable prices will increase by 6% every year effective from first day of every new financial year i.e. 1 April onwards

2

The proposed pricing has been worked out based on present rate of input cost of various key resources i.e. Manpower, Security, Van, Fuel Rent etc. Any upward change in the input cost, in excess of 5% due to any reasons beyond Service Provider control i.e. regulatory changes on wage structure, inflation, Market correction, Fuel price & Taxes, Service Provider will levy below applicable surcharge to pass the impact of additional Cost. Fuel Cost Surcharge & Wages Structure Surcharge.

3

With the recent Supreme Court verdict (31st Oct, 2018) pertaining to rise in Minimum Wages at Delhi location, an additional charge of Rs.1,500/- per beat point & Rs.50/- per on Call point, will be levied on the above given pricing grid.

4

Collections of Coins shall be out of scope of services.

5

GST as applicable shall be borne by the Bank.

ADVANCES (MID/ LARGE CORPORATE )

Sr. No.

Area of Banking Service

Revised Service charges w.e.f. 01.04.2019

(excluding GST)

1

(A) Processing charges for FB & NFB Working Capital Loan

FB Working Capital

Upto Rs 25000 - Nil

Rs 25001 to 2 lakh 0.25% of Sanctioned Limit, with a minimum of ` 100 /-

Above 2 lakhs

1. Limit upto ` 100 Crore – 0.25% subject to maximum of ` 15 Lakhs

2. Above ` 100 Crore upto ` 500 Crore – 0.15% subject to maximum of ` 50 Lakhs

3. Above ` 500 Crore – 0.10% subject to maximum of ` 75 Lakhs

on Fund based Working Capital Amount/status Up to Rs 25000: NIL Above Rs 25000( Fresh/Review): Applicable for priority sector and Export credit

50% of the charges for Fund Based limit Other than Priority Sector & Export credit:

Full charges as applicable to Fund Based limit.

Cap for Priority Sector Rs.17.50 lacs 

Cap for Exporters

Rs.7.50 lacs Other Advances No cap

(B) Processing charges for DL/TL/DPG/Corp Loan

Short Term Loan/DL/Corporate Loan/TL/DPG (Fresh/Additional Limit) Upto Rs 25000 - Nil

Rs 25001 to 2 lakh 0.50% of Sanctioned Limit, with a minimum of ` 250 /-

Above 2 lakhs

1. Limit upto ` 100 Crore – 1.00% subject to maximum of ` 75 Lakhs

2. Above ` 100 Crore upto ` 500 Crore – 0.75% subject to maximum of ` 2.50 Crore

3. Above ` 500 Crore – 0.50% subject to maximum of ` 3.75 Crore

For other than project loans, maximum is Rs.75 lakh

Short Term Loans repayable upto 1 year

As applicable to WC limits to be charged Demand Loans (Repayable in over 12 months but upto 3 years)

Upfront fee at 0.50% of the loan amount without any ceiling

Ii For real estate projects (>20 cr.)/Future rent receivables (>20 Cr.)

Same charges proposed in 1 (B) above

(C) Review/Annual Review of short Term loan /DL/Corporate Loan/TL/DPG

0.10% of reviewed amt

Maximum Rs.25000/-

(D) 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

(E) Commitment Charges (Fund based facilities)

To be charged on the entire unutilized FB limit

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.

(F) 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 @ of 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.

2

Guarantees Commission on inland guarantees

0.60% per quarter or part thereof with a minimum of one quarter

(in case of 100% Cash Margin : 75% Concession [i.e. 25% of applicable charges]

Other Guarantees 0.75% per quarter or part thereof with a minimum of one quarter

(in case of 100% cash Margin: 75% Concession [i.e. 25% of applicable charges]).

3

Commission on Inland guarantees guaranteed by other banks / Letter of comfort

In respect of high value guarantees > Rs 5 cr. the charges may be recovered on an annual basis, at the request of the customer and subject to the branch being confident of recovery at the beginning of each year.

4

Refund for guarantees tendered for cancellation before the expiry date. Extended period of validity of guarantee due to restraints imposed by Court Orders at the instance of constituents from meeting their obligations to beneficiaries, when guarantees are invoked.

50% of the commission charged for the unexpired period from the original date of issue / date of extension (part of month in unexpired period, to be ignored) EXTENSION OF GUARANTEE : At the above rates calculated for the extended period (inclusive of claim period).

5

Documentation Charges

(Fund based only)

For Corporate accounts: Actual expenses incurred in registering charges with ROC to be recovered.

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 Charges

Other 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)

Rs.1500 per inspection or actual expenses whichever is higher (for corporate borrowers)

7

Bills purchased/ Discounted or advances there against –Exchange / Commission

For cheques/ bills
For Bills upto ` 10.00 Lakhs – Flat - ` 1000/-

For Bills above ` 10.00 Lakhs Flat - ` 3000/-.

In addition to above charges, discount charges at applicable interest rate for the period of negotiation plus out of pocket expenses if any will be charged.

8

A)Charges for all inland L/Cs

in addition to Out of pocket expenses,

Usance upto 7 days: 0.23% with a minimum of Rs.280+GST Commitment charge for the period of liability at the rate of 0.23% for every period of three months or part thereof.

Usance 7 days to 3 months: 0.45% with a minimum of Rs.280+GST + Commitment charge for the period of liability at the rate of 0.23% for every period of three months or part thereof.

Bills with usance over 3 months sight:

0.45% for the first 3 months + 0.23% p.m. for the remaining period with a minimum of Rs.280+GST

Commitment charge for the period of liability at the rate of 0.23% for every period of three months or part thereof.

B) Commitment Charges

As per 8 A)

C) Extension /Amendment of LC

Rs 500/- per amendment plus unified charges applicable as per 8.A. above for the extended period.

Rs 500 per amendment. In case of enhancement of the value of a Letter of Credit, charges as per above for establishing a Letter of Credit shall be recovered for the additional amount, on the outstanding liability under the LC.

D) Discrepancy fee:

0.15% Min.Rs..500/- Max.Rs..10000/-

Revolving Letter of Credit

As above at the time of opening and on each reinstatement on the amount of reinstatement, period of reinstatement and usance period of bill.

9

Other Charges A) Advising LCs
(only where LC opening Bank and advising Banks are different)

Rs.500

B) Confirmation of LC (only where LC opening Bank and confirming Bank are different)

Applicable Commitment charge + Usance Charge

C) 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.500

E) Clean payments received under LC

Rs.500

F) Attestation of commercial invoices

a) At the time of negotiation / collection - Nil b) Each subsequent occasion – Rs 50 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

a) if payment is credited to beneficiary’s a/c. – 0.25% min. 500

b) if not parted with – Rs 500

10

Providing Credit opinion (including opinion & introduction)

Rs.50

11

Other Credit related Areas Allowing interchangeability within fund based limits, within non-fund based facilities and between fund based and non fund based limits.

To be charged on adhoc / temp. interchangeability: 0.25% Min. Rs.500 and Max. Rs .10000

12

Issuing of NOC of all types like granting NOC for ceding parri passu charge, exclusive charge, 2nd charge etc. (Not applicable in case of NOC / Exchange of parripassu letter in consortium accounts.)

A/cs. With limit

Upto Rs 25 lacs – Rs.500 Above Rs 25 lacs – Rs.5,000

13

Revision of Repayment schedule in respect of TL/DL

To be discontinued

14

Fee for opening / operating Escrow / TRA A/Cs. (Trust & Retention A/c.)

Our share in limits:
Upto Rs 5 cr. – Rs 1 Lakh
> Rs 5 cr and upto Rs 10 cr. – Rs 2 Lakh
> Rs 10 Cr. – Rs 5 Lakh

The 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 Lac

TEV study by Consultant – Consultant fee + Rs 25000

> Rs 15 cr and up to Rs 300 cr - .0.050% of projectcost – 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 Crs.

TEV study by bank – Rs 3 lacs

TEV study by Consultant – Consultant fee + Rs 25000

> Rs 15 cr and up to Rs 300 cr - .0.15% of project cost –

> Rs 300 Cr ( Where TEV study is done by PFD)

Fees to be decided on a 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 study

Vetting 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..

Mortgage Creation Charges(Other than retail and Priority sector)

Per borrowing entity with FB+NFB limits of Up to Rs.10.00 lacs Rs.500/- per lac

Above Rs.10.00 lacs & up to Rs.50.00 lacs Rs.5,000/-

Above Rs.50.00 lacs & up to Rs.100.00 lacs Rs.10,000/-

Above Rs.100.00 lacs Rs.15,000/- 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/WCDL

1. All standard term loan (TL) / demand loan (DL) with residual maturity of above 1 year.

2. Exposure of above ` 5 crore other than exposure with floating rate of interest to individual borrower In case facility originally sanctioned as TL

1% of the amount proposed to be pre-paid.

In case facility originally sanctioned as DL

0.50% of the amount proposed to be pre-paid.

18

Modification Charges

Limit upto ` 1 Crore (FB+NFB) : ` 1000/- per modification

Limit above ` 1 Crore to ` 10 Crore (FB+NFB) : ` 10000/- per modification.

Limit above ` 10 Crore (FB+NFB) ` 50000/- per modification.

Modification in Guarantees, without any modification in amount and period ` 200/- per amendment

19

Revalidation of Sanction

Upto Rs.25 Lakh NIL

Above 25 lakh – Rs.5 Crore Rs.5000

Above Rs.5 Crore – Rs. 10 Crore Rs.25000

Above Rs.10 Crore – Rs.25 Crore Rs.100000

Above Rs.25 Crore Rs.200000

20

Lead Bank charges as Leader of Consortium on total assessed limits

0.20% p.a. on entire assessed FB & NFB WC limit in consortium accounts

- Min. ` 150000/-

- Max. `.25 lacs

(Where lead bank fee is charged, no separate processing charges are to be recovered.)

21

Charges for copy of the documents for submission to any statutory authority

Actual photocopying charges + ` 1000/-

22

Charges if presence of bank official is required along with the documents for photo copies

Actual photocopying charges + ` 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 ` 100/- per instrument + Out of pocket expenses

2. After one month from the date of closure of the loan: at the rate of ` 200/- per instrument + Out of pocket expenses

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