Service Charges & Fees

• 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.)

• 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.)

a) Charges for issue of Duplicate Statement / Pass Book

For maintaining Balance Quarter is defined as under:

• 1st April to 30th June
• 1st July to 30th September
• 1st October to 31st December
• 1st January to 31st March

In case of loss of complete blank cheque book

Charges for Cheque returned unpaid –(Outward) Clearing / Transfer

1. Account maintaining stipulated minimum balance - Nil

1. if the account is closed within 14 days of first customer induced credit into the account.

1. No charges, if account is closed due to death of Account Holder.

1. if the account is closed within 14 days of first customer induced credit into the account.

1. No charges, if account is closed due to death of Account Holder.

1. if the account is closed within 14 days of first customer induced credit into the account.
2. if account is closed due to death of Account Holder.
3. If account closed beyond 14 days but within 1 year of the first customer induced transaction :

1. Through our bank’s branches

1. Applicable to IBCs

1. Delivering free of payment
2. waiving 'c' form etc
3. Allowing rebate
4. Extending time for retirement

NEFT

Service Charges

RTGS

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

Service Charges for handling scrips

As per discretion of Regional Manager

Attestation of customer’s signature

Non Individual /Joint accounts
Rs.150/- per instrument/occasion
Individual, Senior Citizen, Pensioners at any branch Rs.100/-

Inquiries relating to old records.

Photo attestation

Rs 150/- per photo /occasion

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 )

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.
2. 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)

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

(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 Withdrawals

Note:

.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

Sr. No.

Services

Revised Charges w.e.f. 10.02.2020

Bill purchased/discounted/negotiated

• 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.)

• 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.)

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.

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

Serial no 5 Discontinued as
Already mentioned in Sr.No.23 i.e Rs. 1000/- per transfer and subsequent amendments

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.

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.

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

• a- Full bill amount received in advance
• b-Part Bill amount received in advance and remaining on collection basis

Discontinued
Included in Section XI Sr.No. 7 of Circular dated 15.06.2019

9

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)

9a - Advance Remittances against exports

Rs.200/- per remittance

Charges for issuance of export related certificates

Rs. 100.00 per certificate

Issuance of NOC for discounting export Bills with other bank

Rs. 1000.00 per bill

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.

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

Issuance of GR waiver Certificate

Rs. 500.00 per certificate

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

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

Crystallization charges for export bills purchased/discounted at the time of crystallization.

Rs. 1000.00 per bill

Advising Letter of Credit for the Our bank’s clients

Rs. 1000.00 per LC

Advising Letter of Credit for the other-Bank clients

Rs. 2000.00 per LC

Advising of Amendment for Our Bank’s clients

Rs. 600.00 per amendment

Advising of Amendment for Other-bank clients

Rs. 600.00 per amendment

LC confirmation charges where LC opened in favour of Indian Exporter

a.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.
b.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.

Transfer of Letter of Credit

Rs. 1000.00 per transfer and subsequent amendment

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)

a.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)

Charges applied for actual number of days per annum basis.

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

25% of the charges as mentioned in Serial No 24

STANDBY LETTER OF CREDIT

Discontinued
Included under point 81

Extension of validity of LC

Rs.1000/- per amendment plus charges applicable as per point 24

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. 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.

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 24 shall be collected on the outstanding liability under the LC

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

Rs.1000.00 per amendment.

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

Letter of Comfort issued for availing Buyer’s Credit

Facility Discontinued as of now as per RBI directives.

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.

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.)

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.

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.

Credit Opinion Report

Actual cost of report

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

1. Relating to imports under LCs opened by the banks

1. In all other cases

1. Documents under LC:

Flat Rs. 1000.00 per Shipping Guarantee

1. In all other cases:

0.05% p.m. for the period of guarantee, Minimum Rs. 1000.00

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. 25000.00

Foreign currency bills under LC where no exchange benefit accrues

0.25% of the bill amount.
Minimum of Rs. 1000.00 – Maximum Rs. 30000.00

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.

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. 25000.00

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. 50000.00

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

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

0.125% of the bill amount.
Minimum of Rs. 1000.00 – Maximum of Rs. 10000.00

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

0.20% of the bill amount.
Minimum of Rs. 1000.00 – Maximum of Rs. 25000.00

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. 41, 42, 44 and 45.

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)

Issuance of Delivery Order pending receipt of Import Bill ( document not under LC)

Rs. 1000.00 per delivery order.

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. 10000.00

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. 15000.00

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.

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)

Follow up for submission of BOE

1. Advance remittance for Import - Rs. 1000.00 if the BOE is not submitted within 180 days from the date of last remittance.
2. 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)

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

Counter signing/ Co-acceptance/ Availisation of Import bills

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

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.

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 43

Outward remittance in foreign currency for Non-individuals (other than advance payment against import)
Where exchange benefit accrues to the bank

Baroda Insta

0.10% of the transaction amount.
Minimum of Rs. 500.00 – Maximum Rs. 5000.00

Outward remittance in foreign currency for Non-individuals (other than advance payment against import)
Where no exchange benefit accrues to the bank

Baroda Insta

0.25% of the transaction amount.
Minimum of Rs. 1000.00 – Maximum Rs. 10000.00

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

Baroda Insta

Rs. 500.00 – up to Rs. 25000.00
Rs. 750.00 – above Rs. 25000.00

Outward remittance in foreign currency from NRE account

Baroda Insta

Rs. 500.00 – up to Rs. 25000.00
Rs. 750.00 – above Rs. 25000.00

Issuance of Foreign Currency Demand Draft

Baroda Insta

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)

Cancellation of Demand Draft

Rs. 100.00 per draft

Issue of Foreign Currency Travellers Cheques commission

Baroda Insta

1% on rupee equivalent payable by the customer.

Where at the request of the beneficiary, foreign currency travelers cheques are issued by the Authorised Dealers against foreign currency remittances received from abroad.

Baroda Insta

0.25%
(Min.Rs.200.00)

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.

Baroda Insta

Rs. 500.00 per draft

Inward Remittances

Manual

Nil where proceeds are to be credited to our account.
In all other cases – Rs. 100.00

Commission on Clean Instruments sent for collection abroad

Baroda Insta

0.1% of the instrument amount
(min. Rs. 250.00 – max. Rs. 5000.00)

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

Discontinued
Already included in point 68

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 correspondent

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.

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 65

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.

Baroda Insta

0.1% min. Rs. 500.00 and max Rs. 5000.00

Follow-up of submission of export documents against advance remittance

Manual

-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)

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

Manual

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.

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

system

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.

Deferred Payment Guarantees covering import of goods into India/repayment of foreign currency loans

System

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.

Advising of Guarantee

Manual

Rs. 500.00 per advice

Enhancement of Value/ Extension of Tenor of the Guarantee

System

Charges as per point no. 75,76 and 77 are applicable.

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

System

25% of the charges as per point no. 75,76 and 77 applicable.

81

tandby Letter of Credit against trade credits

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

System

-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.

81a- Standby Letter of Credit others

No change

All other guarantees

system

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.

Minimum charges for any guarantee shall be

Discontinued

Services

Revised Charges w.e.f. 10.02.2020

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.

85

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.

1

Baroda Home Loan &
Baroda Home Improvement Loan

Slab 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 property

8

Baroda Loan to Doctors

0.35%
Maximum Rs 15000/-

9

Baroda Advance Against Securities

Rs 500/-
(No other charges)

Staff/ Ex-Staff: No Charges

10

Baroda Car Loan

0.50% of Loan amount
Minimum: Rs 2,500/-
Maximum Rs 10,000/-

11

Baroda Two Wheeler Loan

2% of Loan amount,
Minimum Rs 1000/-
Staff/ Ex-Staff: No Charges

12

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 Limit

15

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

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: 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.

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

upto Rs 1,000/-

Rs 1/-

Rs 2/-

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

Rs 1.5/-

Rs 3/-

Rs 25,001/- to Rs 2,00,000/-

Rs 5.5/-

Rs 10/-

NEFT

Revised w.e.f. 01.01.2020
Other than SB accounts

upto 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

BBPS

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

Bill Amount Rs
0-1000→ Rs 5/-
1001-2000→Rs 15/-
≥2001→Rs 25

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

Bill Amount Rs
0-1000→ Rs 5/-
1001-2000→Rs 15/-
≥2001→Rs 25

National E-toll Collection

Tag Issuance Fee

Rs 84.74/-

National E-toll Collection

Tag Replacement Charge

Rs 50/-

NACH

Return Charges

Mandate Charges

Return Charges - Rs 250/- w.e.f. 01.10.2019

Mandate - Rs 100/-

Self Service Pass Book Printer

Duplicate Passbook Issuance Charges

Rs 100/-

Debit Card Annual fee
(w.e.f 20.07.2020)

RuPay Classic (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs 150/-

RuPay Platinum (Non-Personalised/Personalised)

1st Year Free & Second Year onwards Rs 250/-

Visa Classic (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs 150/-

Visa Platinum (Non Personalised/ Personalised)

1st Year Free & Second Year onwards Rs 250/-

Master Card Classic (Personalised)

1st Year Free & Second Year onwards Rs 150/-

Master Card platinum (Personalised)

1st Year Free & Second Year onwards Rs 250/-

1st Year Free & Second Year onwards Rs 250/-

RuPay PMJDY (Bhamashah/Samagra)

Government Sponsored Schemes - Fee Exempted

RuPay KCC

RuPay Mudra

Debit Card PIN Regeneration

RuPay Classic (Non Personalised/ Personalised)

Rs 50/- per regeneration

RuPay Platinum (Non-Personalised/Personalised)

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/-

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

For Non – Financial Transaction

Rs 10/- per transaction

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 2.0

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

EURO 2.0

Travel Card- Chargeback fee USD

USD 3.0

Travel Card- Chargeback fee GBP

GBP 1.5

Travel Card- Chargeback fee EURO

EURO 1.5

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 3.0 /EURO 3.0

Travel Card- Inactivity Fee (card not used for 180 days): USD/GBP/EURO

USD 5.0 /GBP 3.0 /EURO 3.0

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

USD 15.0 /GBP 10.0 /EURO 10.0

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

USD 3.0 /GBP 1.5 /EURO 1.5

Travel Card- Usage(Cross Currency):

3% of transaction value

SMS Alerts Charges

SMS Alerts Charges

Savings Account – Rs 15 charged quarterly

Current / Overdraft / Cash Credit Accounts – Rs 25 charged quarterly

1.

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 lacs

For 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 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

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 5000

In 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 1000

In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered

Sr. No.

Area of Banking Service

Revised service Charges
(Excluding GST) w.e.f. 20.06.2019

1

A/c Opening Charges

Rs 500/- for Individuals and Rs 750 for Non Individuals
(under revision)

2

DEMAT Annual Maintenance
Charges

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

5

Transaction Charges

6

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 postage

7

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 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 & 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

Installation chrgs

NIL

MDR

0

Debit card

0

Txn upto 1000

NIL

from 1000 to 2000

NIL

above 2000

0.90%

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

RP0

ANY Cash Limit

RP1

Upto Rs. 50,000

RP2

Rs. 50,001 to Rs. 1,00,000

RP3

Rs. 1,00,001 to Rs. 2,00,000

RP4

Rs. 2,00,001 to Rs. 3,00,000

RP5

Rs. 300001 to Rs. 4,00,000

RP6

Rs. 4,00,001 to Rs. 5,00,000

Beyond City Limit upto 5 KM (One way distance)

50% Extra above Charges.

Beyond 5 KM (One way distance) from City Limit

Rs. 15 per KM whichever is higher.

Extra Limit Charges

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

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

Rs. 0.50 per Rs. 1,000/-

Vaulting Charges (If Opted)

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

Cash Processing Charges at Radiant Vault

Re.0.30 per Rs. 1000/-

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

Rs. 8/- per Rs. 1000/-

Vault processed Cash Deposit

Same as On call Delivery rate.

CMS Document/ Cheque pickup & Delivery

Rs. 2,200/- per point per month

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

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

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.

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

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.

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.

Collections of Coins shall be out of scope of services.

GST as applicable shall be borne by the Bank.

Sr. No.

Area of Banking Service

Revised service Charges
(Excluding GST) w.e.f. 20.06.2019

1

(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 cap

Same 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 cap

Real 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
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.

(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.

2

Guarantees Commission oninland guarantees

Whenever earmarking in the existing limits is done and /or a “Stand by Credit Assistance” is provided to any borrower to facilitate liquidation of Commercial Paper (CP) issued by that borrower, then a “Credit Enhancement Fee” of1.00%p.a. on the amount of “Standby Credit Assistance” is to be levied upfront.

Performance Guarantee: 0.20% p.m
Financial Guarantee:0.25% p.m

(charges to be recovered for the period including claim period, if any, at the time of issue. Part of a month to be treated as a complete month)

Where 100% cash margin (including FDR) is provided 25% of Normal charges as above is applicable.

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.

REFUND FOR GUARANTEES ON CANCELLATION: 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 rates mentioned above in sr.no.2 calculated for the extended period (inclusive of claim period).

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 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)

Accounts with limits

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 location

In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered.

*Charges for stock audit of accounts with limits Rs. 1/- crore and above assigned to concurrent auditors /auditors to be recovered on actual basis as per schedule / charges decided by Zonal authorities.

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 charges

b) 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

1. 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.
2. Collecting Banks’ charges, if any, should be recovered in full.
3. 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.
4. “Date of actual reimbursement” means:
5. Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.
6. 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.
7. 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)

8

Charges for all inland L/Cs

Unified charges (Commitment + Usance)

Sight LCs and upto 30 days usance: 0.70%
LCs beyond 30 days usance: 0.20% p.m (the period is to be calculated from the date of opening of LC to the last date of its validity + usance period of bill and part of a month should be construed as a completed month)

Commitment Charges: Minimum Rs. 5000/-

Extension /Amendment of LC
Rs. 500/- per amendment plus unified charges applicable as per 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.

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.

Note:
1) Charges are to be recovered when a LC is opened or amended and no refund may be allowed in any circumstances whatsoever, whether a credit is cancelled, is only partly availed of or expired wholly unavailed of.
2) Telex / Fax and cable charges shall be recovered additionally.
3) While issuing a standby LC, service charges equivalent to commission on Financial or Performance Guarantee be recovered, according to the nature of the guarantee provided by the standby LC.

Where 100% cash margin (including FDR) is provided 25% of Normal charges as above is applicable.

9

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 LC

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. 1,000

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. 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

a) if payment is credited to beneficiary’s a/c. – 0.25% with a minimum of Rs. 500
b) if not parted with – Rs. 500

10

Providing Credit opinion (including opinion & introduction)

Rs. 500
$ 100 in respect of foreign banks

11

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. 20,000

13

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 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 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 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.

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

Present Rate of recovery of modification charges is as under.
Upto Rs. 1.00 Cr - Rs. 5000
Rs. 1.00 to Rs. 10.00cr - Rs. 15000
Above Rs. 10.00 cr - Rs. 25000

Illustrative instances of Modification at the request of the borrower where this charge will be levied :-
(i) Substitution of Collateral
(ii) Release of Personal Guarantee/ Collateral Security
(iii) Interchangeability of limits
(iv)Release/ Substitution of Personal Guarantee/Collateral Security
(iv)Change in Project/ items of machinery
(v)Ceding of charges on Assets
(vi) Rephasement of Loans/ Deferment of Loan instalments
(vii) Approvals for mergers & amalgamations)
(viii) Any other miscellaneous credit related approvals.
(ix)Modification in Rate of Interest

19

Revalidation of Sanction

Working Capital - 25% of the applicable processing charges without Cap
Term Loan - 25% of the applicable upfront charges without Cap

Not 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