सेवा प्रभार

1.

Non-Maintenance of Minimum Balance

SB - Operative

Metro & Urban : AQB** Rs 2,000/-

Charges :

IF Shortfall to AQB IS:

1 to < 500            : 10% of Shortfall
500 to < 1,000      : 15% of Shortfall
1000 to < 2000     :  20% of Shortfall

Semi Urban: AQB Rs. 1,000/-

Charges:

IF Shortfall to AQB IS:

1 to < 250             :  10% of Shortfall
250 to < 500         :  15% of Shortfall
Rs.500 to < 1000  :  20% of Shortfall

Rural Branches: AQB Rs 500/-

Charges:

IF Shortfall to AQB IS :

1 to < 125           : 10% of Shortfall
125 to < 250       : 15% of Shortfall
250 to < 500         : 20% of Shortfall

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For Example:

A) (i) if customer A maintained AQB of ₹ 1900 then the shortfall of the AQB is ₹ 100. The charges for non- maintenance of minimum balance shall be ₹ 10 + GST (10 % of the shortfall).

(ii) if customer B maintained AQB of ₹ 1600 then the shortfall of the AQB is ₹ 400. The charges for non- maintenance of minimum balance shall be ₹ 40 + GST (10 % of the shortfall).

B) (i) if customer A maintained AQB of ₹ 1400 then the shortfall of the AQB is ₹ 600. The charges for non- maintenance of minimum balance shall be ₹ 90 + GST (15 % of the shortfall).

(ii) if customer B maintained AQB of ₹ 1100 then the shortfall of the AQB is ₹ 900. The charges for non- maintenance of minimum balance shall be ₹ 135 + GST (15 % of the shortfall).

Royal SB

AQB : Rs. 1,00,000/- :  Charges 3% of shortfall of AQB

Subject to Maximum 2000/- Per Quarter

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Purple SB

AQB  3, 00,000/- : Charges 3% of shortfall of AQB

Subject to Maximum Rs 3500/- per Quarter.

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BSS -15 SB

AQB: Rs. 15000/-

Charges: Rs. 750/- per quarter

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BSS – 25 SB

AQB: Rs. 25000/-

Charges: Rs. 1000/- per quarter

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CA - Operative

(No diff. between Individual and Non-Individual)

Metro & Urban: AQB Rs. 10,000/-

Charges: Rs. 2000/- per quarter

Semi – Urban: AQB Rs. 5,000/-

Charges: Rs.1500/- per quarter

Rural: AQB Rs. 2,500/-

Charge: Rs. 550/- per quarter

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Current Bronze Account

AQB : >= Rs. 1 Lakh

Charges : Rs. 7500 per quarter

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Current Silver Account

AQB : > Rs. 5 Lakhs

Charges : Rs. 7500 per quarter

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Current Gold Account

AQB : > Rs. 10 Lakhs

Charges : Rs. 7500 per quarter

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Current Platinum Account

AQB : > Rs. 15 Lakhs

Charges : Rs. 7500 per quarter

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Current Diamond Account

AQB : > Rs. 25 Lakhs

Charges : Rs. 7500 per quarter

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BoM Pro Biz Prime CA

AQB : Rs. 25000/-

Charges : Rs. 1500/- per quarter

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BoM Pro Biz Supreme CA

AQB : Rs. 50000/-

Charges : Rs. 2000/- per quarter

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2

Duplicate Passbook / Account Statement

SB

Initial or continued passbook: free.

Rs.100/- per duplicate Passbook with latest balance plus

Rs.75/- per group of 25 entries or part thereof

Max: Rs. 1000/-

Statement on Registered e- mail – Rs. 25/- per instance
 

Statement Printout – Rs. 5/- per page

Note: The auto generated (Maha E-statement) statement sent monthly weekly to the registered e-mail of the customers will not be chargeable.

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CA / CC

First Statement: Free

Duplicate account statement: Rs.150/- per 25 entries or part thereof                                                             

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TD

Rs. 175 per instance

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3

Cheque Leaves

SB

20 free leaves P.A.
 

Rs.5.00 per additional leaf (Rs 100/- for cheque book of 20 leaves)

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Royal SB

100 free leaves p.a.

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Purple SB

200 free leaves p.a.

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CA / CC

Rs.5.00 per leaf 
(Rs 250/- for cheque book of 50 leaves)

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4

Loss of Chq Book

SB

NIL

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CA / CC

NIL

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5

Cheque Return

Outward (Return of cheques drawn on our Bank)

Financial reason:

Rs.500/- Per Chq up to three cheque return in a month;
Thereafter, Rs. 1000 per return in the same month for financial reasons.

Non-Financial reason attributable to drawer:

Rs. 150/- Per Chq per occasion

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Inward (Return of cheques deposited by our customers)

Financial reason:
Rs.500/- Per Cheque per occasion

Non-Financial reason attributable to drawer
Rs. 150/- Per Cheque

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6

Stop Payment

SB

Rs.200/- per cheque.
Max.Rs.1000/- per reference
(No Charges for Stop Transaction through Digital Channels)

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CA / CC

Rs.300/- per cheque.
Max.Rs.2000/- per reference
(No Charges for Stop Transaction through Digital Channels)

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7

Account Maintenance (Ledger Folio charges)

SB

NIL

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CA / CC

CA -

On the basis of Quarterly Average Balance (QAB) in previous quarter

Below Rs 1,00, 000: Rs 200/- per quarter

>=Rs. 1,00,001 to < Rs. 2,00,000: Rs 150/- per quarter

>=Rs. 2,00,001 to < Rs. 5,00,000: Rs 100/- per quarter

>= Rs 5,00,000: Free

CC - Rs 200/- per quarter

Account Maintenance charges not applicable to BCAs & Govt. accounts.

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8

CBS Transactions

Cash Deposit: SB Account

NIL

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Cash Deposit: CA Account

NIL
(Cash handling extra)

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Cash Withdrawal: SB & CA

(At home and Non-Home branches)

For Non-BSBDA:

Upto 4 cash withdrawal per month,

Charges – Not applicable

Exceeding 4 withdrawal entries:

Rs 100/- per Withdrawal

Following transactions are excluded.

• Transactions through Alternate Delivery Channels (ATM, payment gateway, etc.) incl. ECS

For BSBDA:

4 Free withdrawal per month including cash withdrawal at Branch/ ATM/ BC in a month.

Beyond four free transactions through branch/ ATM/ BC: Rs. 20/- per transactions for each withdrawal/ debit transfer (Through Branch/ ATM/ BC) in a month.

All transactions through digital channels (IB/MB/UPI/POS) to be excluded while considering four debit transaction limit per month

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Transfer of Funds
(at non-home branches)

As per Outward NEFT across counter

Up to Rs 10000/-                 : Rs 2.50/- per txn

Rs. 10001 to Rs. 1 Lakh      : Rs.5/- per txn

Rs. 1.01 Lakh to Rs. 2 Lakh : Rs 15/- per txn

Above Rs. 2 Lakh                 :Rs.25/- per txn

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Collection of cheques
(at non-home branches)

Free

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Cash handling

For SB Account:

Up to Rs 50000/-: Free

Rs 50001 and above:

Re.1/- per Rs. 1000/-

or

part thereof; subject to

min : Rs. 100/- per txn

max : Rs. 10000/- per txn

For Royal and Purple SB Accounts:

Up to Rs 1 Lakh: Free

Above Rs 1 Lakh:

Re.1/- per Rs. 1000/-

or

part thereof; subject to

min : Rs. 100/- per txn

max : Rs. 10000/- per txn

For CA,OD,CC Account Holders:

Up To Rs. 1 lakhs/ day: Free

Rs. 1,00,001/- and above :

Re.1/- per Rs. 1000/- or

part thereof; subject to

min : Rs. 100/- per txn

max : Rs. 15000/- per txn

For

Current Bronze Account: upto Rs. 1.50 lakhs /day Free

Current Silver Account: upto Rs. 3 Lakhs/ day Free

Current Gold Account: upto Rs. 7 Lakhs/ day Free

Current Platinum Account: upto Rs. 10 lakhs/ day Free

Current Diamond Account: No Cash Handling Charges

Beyond free cash deposit limit following charges will be applicable:

Re.1/- per Rs. 1000/-

or

part thereof; subject to

min : Rs. 100/- per txn

max : Rs. 15000/- per txn

Note :

1. For one or more transaction in a day, charges shall be collected by taking cumulative total of the cash deposits during the day on the amount in excess of free limit allowed as per the account type as mentioned above.

2. Not Applicable to BSBDA, PMJDY A/c, and MKCC and Cash Recovery in NPA accounts.

No Upper Limit for debiting cash handling charges for accounts of cash replenishment agencies/small and payments banks, any other depositor maintaining account for cash related activity or engaged primarily in cash related activities.

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9

SMS Alert

For SB/CA/CC Account:

Domestic SMS:

30 Paise per SMS Plus GST

International SMS:

Rs. 1.50/- Per SMS Plus GST

Subject to maximum Rs. 15/- per Month for SB Accounts

Subject to maximum Rs. 25/- Per Month for Current/ CC Accounts.

Exemption:

1. BSBDA/FI/PMJDY A/c

2. Staff (Including Ex-Staff).

3. Pension A/c Holders.

Note: Only SMS sent in lieu of Customer Induced Transactions Credit/Debit will be charged. Promotional SMS sent to the customer will not be charged. UPI Transactions are excluded.

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10

Reconstitution of Account

Verification of Signature

Rural/SU: Rs. 150/- per verification

Urban/Metro: Rs. 200/- per verification

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Change of signatures

Rs. 150/- per occasion

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Attestation of Photograph

Rural/SU: Rs. 150/- per occasion

Urban/Metro: Rs. 200/- per occasion

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Addition/deletion of names in accounts

Rs. 200/- per occasion

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Operational instructions (including lockers)

Rs. 200/- per occasion

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Nomination

1st Registration of Nomination: Free per account
Change in registered nomination: Rs. 100 per instance per account.
Nomination Re- Registration (in case of the deceased nominee): NIL
(NIL, if done through the alternate channels)

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Change in address / mobile / email

NIL

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11

Enquiry Related to old records

upto 6 months

Rs. 150/- per item

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upto 1 year

Rs. 200/- per item

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upto 2 years

Rs. 250/- per item

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above 2 years

Rs. 250/- per item for first 2 years and
Rs. 100 for every additional year or part thereof.

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12

OBC/IBC Cheques

Up To Rs.  10000/-

Rs 50/- per instrument

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Above 10000 to 100000

Rs 150/- per instrument

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Above 100000 to 500000

Rs. 300/- per instrument

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Above 500000 to 1000000

Rs. 300/- per instrument

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Above 10L

Rs.375/- per instrument

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Royal/Purple

Immediate Credit of outstation Cheques up to Rs. 25,000/- free of charge (not exceeding 2 cheques per month)

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Commission Sharing

On 50:50 basis where collecting bank does not have a branch.

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Collection of cheques/warrants by mandate

(except salary & pension- cheques/ ECS credit)
Rs.10/- per credit entry

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13

OBC/IBC Bills

Up To Rs. 10000

Rs. 150/- per bill

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Above 10000 to 100000

Rs. 15/- per 1,000 or part thereof Min Rs.150/-

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Above 100000 to 1000000

Rs. 15/- per 1,000 or part thereof Min Rs.1500/-

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Above 1000000

Rs. 15/- per 1,000 or part thereof Min. Rs.15, 000/-, Max. Rs.20,000/-

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Additional Charges for retirement of IBC against cash

Normal Charges as mentioned above for account holders
Others: 50% over and above Normal Charges. (acceptance of cash of Rs.50,000/ & above not permitted)

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14

Outstation Chq/ Bills Return unpaid

50% of collection charges Minimum Rs.100/- + other bank charges if any

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15

DD/PAY ORDER

Up to Rs. 5,000/-

Rs. 50/- per instrument

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5,001 to 10,000/-

Rs. 50/- per instrument

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above Rs.10,001/-

Above Rs. 10,000/- upto Rs. 1,00,000/-:
 

Rs. 5/-  per Rs. 1000/-
 

Min. Rs. 100/-

Above Rs. 1,00,000/-:
 

Rs. 4/-per Rs. 1000/-

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

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Issue of Duplicate/

Revalidation charges

Rs. 200/- per instance.

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DD Against tender of cash

1.5 times of prevailing charges for Demand Draft

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16

Collection of Deposit Receipt of Other

Local

NIL

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Others

as per OBC cheques

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17

Remittance of Term Deposit on Maturity to other Bank

As applicable to NEFT / RTGS

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18

Standing Instructions

Registration

SI ON NEFT RTGS: Rs. 100/- per occasion
For others remaining the same

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Execution

NIL

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Non-Execution

NIL

19

ECS/NACH Credit

As Destination Bank – Nil

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As sponsor Bank - Rs. 5/-per transaction (above Rs.2 cr, additional Rs. 50/- to be charged as Clearing House Charges)
Min. Rs. 2,750/-. No charges to individual beneficiary’s account.

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20

ECS/NACH Debit

Registration

Rs. 150/-

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Execution

Rs.3.50 per transaction

(above Rs.2 Cr, additional Rs. 50/- to be charged as Clearing House Charges)
Min. Rs. 2,750/-

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Non-Execution

Financial Reason:

Up to Rs. 1 Lakh : Rs.300/-

Above Rs. 1 Lakh : Rs. 500/-

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21

Inward RTGS

Free

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Outward RTGS

Rs. 2 lakhs to Rs. 5 lakhs:

Rs. 25/- (Across counter)
Rs. 5/- (Digital Mode)
 

Above Rs 5 Lakhs:
Rs. 50/-(Across counter)
Rs. 10/- (Digital Mode)

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22

Inward NEFT

FREE

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Outward NEFT

Up to Rs 10000/-

Across Counter:
Rs 2.50/- per trxn
Digital Mode:
FREE

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Rs. 10001 to 1 Lakh

Across Counter:
Rs.5/- per trxn
Digital Mode:
FREE

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Rs. 1.01 Lakh to Rs. 2 Lakh

Across Counter:
Rs 15/- per transaction
Digital Mode:
FREE

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Above 2 Lakh

Across Counter:
Rs.25/- per transaction
Digital Mode:
FREE

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Royal SB

Free NEFT/RTGS through internet banking

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Purple SB

Free unlimited NEFT/RTGS remittances

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Diamond CA

Free

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23

Power of attorney/Mandate

Rs. 500/-for Individual
Rs.  1000/-for Non-Individual

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24

Inoperative Charges

SB

No charges to be levied irrespective of the balance in the account

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CA

No charges to be levied irrespective of the balance in the account

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25

Closure of Account

SB

Saving accounts-Up to 14 days from account opening date: NIL (as per BCSBI CODE)

If closed within 15 days to 1 year- Rs 500/-
(other than Royal and Purple)
Rs. 500 for non-individual accounts

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Royal SB

Before 1 year: Rs 1,000/-

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Purple SB

Before 1 year: Rs 1,000/-

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CA

Up to 14 days from account opening date: NIL ( as per BCSBI CODE)

If closed within 15 days to 1 year-Rs 750/-
(No difference between Individual and Non-Individual)

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26

Interest Certificate

SB

First certificate free.
Rs 200/- for per additional copy.

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Business Purpose

First certificate free.
Rs 200/- for per additional copy.

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27

Balance Certificate

SB

First certificate: Free.
Rs 150/- for per additional copy.

M

Business Purpose

First certificate free.
Rs 150/- for per additional copy.

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28

Loss of Token

Rs. 100/- per lost token

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29

Safe Custody Charges

Scrips

Rs. 100/- per scrip.
Min. Rs. 200/- p.a. or part thereof.

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Sealed Cover

Rs. 500/- per cover p.a. or part thereof.

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Small Box (upto 1000 cubic cm)

Rs. 1000/- p.a. per box

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Medium Box (upto 8000 cubic cm)

Rs. 2000/- p.a. per box

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Large Box above 8000 cubic cm)

Rs. 5000/- p.a. per box

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upto 1 year

Rs. 200/- per item

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upto 2 years

Rs. 250/- per item

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above 2 years

Rs. 250/- per item for first 2 years and
Rs. 100 for every additional year or part thereof.

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30

Doorstep Banking

FOR INDIVIDUAL

Rs.75/-

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Upto Rs. 2.00 Lac

Rs. 3250/- and per call charges Rs. 125/-.

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Above Rs. 2 Lac upto Rs. 3 Lac

Rs. 4500/- and per call charges Rs. 175/-.

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Above Rs. 3 Lac upto Rs. 4 Lac

Rs. 6500/- and per call charges Rs. 250/-.

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Above Rs. 4 Lac upto Rs. 5 Lac

Rs. 7000/- and per call charges Rs. 265/-.

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Above Rs. 5 Lac upto Rs. 6 Lac

Rs. 9000/- and per call charges Rs. 340/-.

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Above Rs. 6 Lac upto Rs. 8 Lac

Rs. 9500/- and per call charges Rs. 360/-.

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Above Rs. 8 Lac upto Rs. 10 Lac

Rs. 10000/- and per call charges Rs. 385/-.

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Above Rs. 10 Lac upto Rs. 20 Lac

Rs. 17500/- and per call charges Rs. 675/-.

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Above Rs. 20 Lac upto Rs. 30 Lac

Rs. 18500/- and per call charges Rs. 700/-.

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Above Rs. 30 Lac upto Rs. 40 Lac

Rs. 19500/- and per call charges Rs. 750/-.

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Above Rs. 40 Lac upto Rs. 50 Lac

Rs. 20000/- and per call charges Rs. 775/-.

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Above Rs. 50 Lac upto Rs. 75 Lac

Rs. 23500/- and per call charges Rs. 900/-.

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Above Rs. 75 Lac upto Rs. 1 Crore

Rs. 44000/- and per call charges Rs. 1875/-.

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Above Rs. 1 Crore upto Rs. 1.50 Crore

Rs. 50000/- and per call charges Rs. 2500/-.

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Above Rs. 1.50 Crore upto Rs. 2 Crore

Rs. 60000/- and per call charges Rs. 3125/-.

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31

DMAT

Documentation

Actuals

M

Dematerialization

Rs. 5/- Per certificate

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Transaction (Sell/Debit)

Rs.2/- per certificate Min. Rs. 25/- per request
0.03% of value subject to min. Rs.25/- & max. Rs. 500/-

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Pledge

For MAHA e-trade Online Trading Customer flat charges Rs 10/- per transaction

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Unpledged

Rs. 60/- per ISIN (pledgor),
Rs. 40/- per ISIN (pledgee)
Rs. 30/- per ISIN (pledgor),

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Pledge invocation

Rs. 20/- per ISIN (pledgee)

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Rematerialisation / Repurchase

Rs. 40/- per transaction

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Failed Transaction

Rs. 30/- per transaction

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Late Transaction

Rs. 25/- per transaction

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Demat/Other mail

Rs. 20/- per transaction

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Freeze / Unfreeze

Actuals
Min. Rs. 25/- per trax.

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Annual Maintenance

Rs. 50/- per transaction

Rs. 500/- p.a.(for individuals/ NRI/HUF Trust), Rs.150/- p.a. for existing / retired staff, Rs. 1,000/- p.a. for others payable in advance
Free for 1st year for Royal Saving A/C
Free for Diamond Current A/C

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Basic services Demat. Account

AMC Free for 1st year

50% of AMC waived from Year 2 for Purple SB

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32

Locker

A

1. Rent:

Metro/Urban: Rs. 2000/-p.a.

Rural/SU: Rs. 1500/-p.a.

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B

1. Rent:

Metro/Urban: Rs. 3000/-p.a.

Rural/SU: Rs. 2000/-p.a.

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C

1. Rent:

Metro/Urban: Rs. 4000/- p.a.

Rural/SU: Rs. 3000/- p.a.

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D

1. Rent:

Metro/Urban: Rs. 4500/- p.a.

Rural/SU: Rs. 3500/- p.a.

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E

1. Rent:

Metro/Urban:Rs. 5500/- p.a.

Rural/SU : Rs. 4000/- p.a.

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H1

1. Rent:

Metro/Urban: Rs. 6500/- p.a.

Rural/SU: Rs. 4000/- p.a.

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F

1. Rent:

Metro/Urban: Rs. 8000/- p.a.

Rural/SU: Rs. 6000/- p.a.

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G

1. Rent:

Metro/Urban: Rs. 8000/- p.a.

Rural/SU: Rs. 6000/- p.a.

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H

1. Rent:

Metro/Urban: Rs. 8500/- p.a.

Rural/SU: Rs. 6500/- p.a.

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L

1. Rent:

Metro/Urban: Rs. 12000/- p.a.

Rural/SU: Rs. 9000/- p.a.

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K

1. Rent:

Metro/Urban: Rs. 12000/- p.a.

Rural/SU: Rs. 9000/- p.a.

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AV – S

1. Rent:

Metro: Rs. 30000 /- p.a.

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AV – M

1. Rent:

Metro: Rs. 40000 /- p.a.

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AV – L

1. Rent:

Metro: Rs. 55000/- p.a.

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Bronze CA

One Locker Free
(Any type)

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Silver CA

One Locker Free
(Any type)

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Gold CA

One Locker Free
(Any type)

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Platinum CA

One Locker Free
(Any type)

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Diamond CA

One Locker Free
(Any type)

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Registration

NIL

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Visit

12 visits per year free.
Thereafter: Rs.100/- per visit

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Loss of Keys

Actual expenses incurred towards replacement of keys +
Rs 2000/- towards administrative cost

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Staff and Ex-staff Concession

i) 25 % concession in locker rent in one locker of any type.
ii) The facility is for one locker in name of staff & ex-staff only (incl. joint a/c).

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Penalty for Rent in Arrears

3% p.m. on the amount of locker arrears
(also applicable for staff)

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Special Discount for advance payment of Rent for customer and staff

NIL

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33

Instant Locker

Rent Category – I (A,B,C,D,E,H1)

1-7 Days:

Metro/Urban/Semi Urban/Rural - Rs 500/-

8-15 Days:

Metro - Rs 700/-, Urban - Rs 600/-, Semi Urban/Rural - Rs 500/-

16-30 Days:

Metro - Rs 1200/-, Urban - Rs 800/-, Semi Urban/Rural - Rs 600/-

31-60 Days:

Metro - Rs 1500/-, Urban - Rs 900/-, Semi Urban/Rural - Rs 700/-

61-90 Days:

Metro - Rs 1800/-, Urban - Rs 1200/-, Semi Urban/Rural - Rs 1000/-

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Rent Category – II (F,G,H,L,K)

1-7 Days :

Metro/Urban/Semi Urban/Rural - Rs 600/-

8-15 Days :

Metro - Rs 1000/-, Urban - Rs 700/-, Semi Urban/Rural - Rs 600/-

16-30 Days :

Metro - Rs 1500/-, Urban - Rs 1000/-, Semi Urban/Rural - Rs 900/-

31-60 Days :

Metro - Rs 1700/-, Urban - Rs 1200/-, Semi Urban/Rural - Rs 1100/-

61-90 Days :

Metro - Rs 2000/-, Urban - Rs 1500/-, Semi Urban/Rural - Rs 1200/-

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Visit

6 free visits during the lease period.

Thereafter: Rs.100/- per visit

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Loss of Keys

Actual expenses incurred towards replacement of keys + Rs 2000/- towards administrative cost

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ORDINARY

ACTUAL EXPENDITURE

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34

Postal Charges

REGISTERED POST/SPEED POST/COURIER

ACTUAL EXPENDITURE

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35

Debit Card

Issuing New Card

Classic Contactless Card (Classic RuPay and VISA): NIL

RuPay Platinum Card: Rs.300/-

RuPay Select Card: Rs.600/-

For Staff/Ex Staff:

RuPay Select: Rs. 200/-

For Staff/Ex Staff/ Mahabank Salary SB/ Mahabank Kirti

RuPay Platinum: Free

(All Cards Except RuPay Platinum and Select) BSBD/Pension/Yuva/Royal/

Purple/MKCC/ Mahabank Salary/ Supreme Payroll : Free

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Annual Maintenance

Classic RuPay & VISA Card:

First Year: Free

Thereafter:

Classic RuPay & VISA: Rs. 200/-

RuPay Platinum: Rs. 300/-

RuPay Select: Rs. 600/-

For Staff/Ex Staff:

RuPay Select: Rs. 200/-

RuPay Platinum Card

For Staff/Ex Staff/ Mahabank

Salary SB/ Mahabank Kirti Scheme Depositors: Free

Exemption:

(All Cards Except RuPay Platinum and Select) BSBD/Pension/Yuva/Royal/

Purple/MKCC/ Mahabank Salary/ Supreme Payroll: Free

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Add-on Card

Rs. 300/-

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Replacement

Rs. 200/-

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Re-issue of Hot-listed Card

Classic RuPay/Visa Card/ RuPay Platinum/ RuPay Select:

Rs. 200/-

RuPay Select Card: As per issuance charges

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Re-PIN

Rs. 50/-
(Green PIN-No charges)

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36

ATM Usage

Bank's ATM

First 5 Transactions Free.
Transactions over and above free limit will be charged as under:
1. Financial: Rs. 21/-
2. Non-Financial: Free

Exemption:

1. Staff/Ex-staff.

2. Mahabank Salary SB Account.

3. Mahabank Kirti Scheme.

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Other Bank's ATM

1.For Saving Bank Accounts - First 5 transactions in a month - Free (Except six metros viz Mumbai, New Delhi, Chennai, Kolkata, Bangalore & Hyderabad where 3 transactions only –both financial and non-financial are free)

2 . Above-stipulated Usage for Saving Bank Account
From 6th transaction onwards in a month
Financial: Rs. 21/-
Non-Financial: Rs. 8/-

3. CA: Rs. 20/- for Financial & Rs. 8/- for Non-Financial

4. Declined transaction due to insufficient funds (both SB & CA accounts) : Rs 20/-

Exemption:

1. Staff/Ex-staff.

2. Mahabank Salary SB Account.

3. Mahabank Kirti Scheme.

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Visa International

Financial:
Rs. 150/ For all countries

In addition 2 % of transaction amount
Non-Financial:
Rs. 34/- for balance enquiry

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POS at Petrol Pump Railway Counter

2.5 % of transaction amount subject to max. Rs 10/-

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37

Cash Deposit on cash points (CDMs)

By Debit Card to own account

NIL

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By Debit Card to third party account

NIL

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38

Charges for IMPS

Amount < Rs. 1,000          : Rs. 2.50

Rs. 1,001 – Rs. 1,00,000  : Rs. 5.00

> Rs. 1,00,000                   : Rs. 15.00

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39

Charges For exchange of Soiled Note

Upto 20 pieces and / or value upto Rs  5000/- : NIL

More than 20 pieces and or value more than Rs.  5000/- :

Rs 2/- per piece on entire tender

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TOD / EOD

Interest on TOD

MCLR +8% with monthly rest

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Interest on EOD

For Sanctioned EOD:
Existing ROI on sanctioned W/C limit +2% pa with monthly rest

Irregularity without sanction:
2 % pa with monthly rest for entire sanctioned W/C facility

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Against Clearing

Current/Saving A/c

MCLR+8.00% p.a (Interest to be charged only for days the bank remain out of fund)

S

Working Capital

For Sanctioned facility:
Existing ROI on W/C limit +2% pa with monthly rest
Irregularity without sanction:
2 % pa with monthly rest for working capital facility

S

BP/BD (Bills Purchased/ Bills Discounted)

BP/BD of cheques

(Upto 25000/- for Metro/Urban: or
Upto 15000/- for Rural/SU):
Commission of OBC cheques (Purchased under BP customer service. No interest to be charged)

(Above 25000/- for Metro/Urban: or
Above 15000/- for Rural/SU):
Commission per OBC cheque + charges @0.30% which covers charges for7 days. To be recovered at the time of purchase
For realization period beyond 7 days interest to be charged at MCLR + 8.00% p.a

S

BP/BD Bills

Not rated accounts:
One time basis-commission on OBC bills + interest for discounted period @ the rate applicable to TOD i.e. MCLR+8.00% p.a.

Rated accounts:
Commission as per OBC bills + interest based on credit rating.
If the bills remain overdue, charges to be recovered @ 2% pa on the o/s bill amount from the due date till realization/ recovery.

M

Certificates

Solvency Certificate

0.30% of Solvency certificate amount 
Min: Rs 1000/-, Maximum Rs 30000/-

M

Issuance of No Dues

Metro/Urban:
Individual-Rs100/-; Non-Individual-Rs150/-

Rural/SU:
Individual-Rs25/-; Non-individual-Rs 75/-

No charges for Government sponsored schemes and Agri Loan to SF/MF/share croppers

M

Providing Credit Report

Rs 1000/- per occasion

M

Inspection/ Supervision Charges

MSME & OTHER LOANS (INCLUDING AGRICULTURE CREDIT)

1. Working Capital: NIL

Account Handling Charges Extra
 

2. Term Loan: First Year – NIL (Account Handling Charges Extra)

From Second Year Onwards:

Up to Rs 25000/-  :  NIL

Above Rs 25000/- to Rs

2.00 Lac: Rs 500/- P.A.
 

Above Rs 2.00 lac to Rs 1.00 Crore: Rs. 500+0.25% P.A.
(Max Rs. 15000/-)
 

Above Rs 1.00 Crore to Rs 25.00 Crore: Rs. 500 + 0.15% P.A.
(Max Rs 20000/-)
 

Above Rs. 25.00 Crore : Rs 26000/-
+ (Cost of visit on Actual basis)

(Charges to be levied on :
Working Capital: Total FB+NFB Limits
Term Loan: Outstanding Balance)

S

RETAIL CREDIT

Fresh Sanction of facility:

Clubbed along with modified, "Account Handling Charges".

From Second Year Onwards:

“NIL” from Second Year Onwards.

S

Crop loan / MKCC

Clubbed along with modified, “Account Handling Charges”.

S

Processing Fees

Working Capital

Non-MSME

(Both Fund based and Non fund-based facilities)

Also applicable for Agriculture Credit (up to Rs. 100 Crore for food and Agro Processing Industries & Agri Infra.)

Credit Limits:
upto Rs 25000/- -  NIL

Above Rs 25000/-: 0.35% of Limit sanctioned.

Min: Rs. 500/- for Limit Amount Less than Rs. 2 Lakhs and

Min Rs. 1000/- for Limit Amount Rs. 2 Lakhs and above.
 

Annual fees for renewal:

Same as above.

S

Processing Fees

WORKING CAPITAL MSME & Agriculture Credit (Rs. 100 Crore for food and Agro Processing Industries & Agri Infra.)

Up to Rs 5.00 Lacs: NIL

Above Rs. 5 Lacs @ 0.35% p.a.

No processing fees on Government sponsored schemes, against LAD and Agri Loans to small and marginal farmer’s up to Rs 3 Lakhs.

For enhancement within one year:

No concession

Annual fees for renewal:

same as above.

S

Processing Fees

WORKING CAPITAL AGRICULTURE CREDIT

In case of MKCC/Crop Loan up to Rs 3.00 Lakh

1. For small and marginal farmer (Land Holding upto 5 Acre) category: NIL
2. For Large & Other Farmer (Land Holding upto 5 Acre): @ 0.35% of sanctioned limit
3. Above Rs. 3 lakhs : @ 0.35% of sanctioned limit

S

Processing Fees

Term Loan (Non-Priority and Non-MSME)

Up to Rs. 25 Crore: 1.10% of Sanctioned Limit

> Rs. 25 Crore to Rs. 100 Crore: 0.90%

> Rs. 100 Crore: 0.75%

S

Processing Fees

Term Loan (MSME & AGRICULTURE CREDIT)

up to Rs. 5 Lacs: NIL

Above Rs 5 Lacs to Rs 25.00 Cr : 1.00% of

Sanctioned limit.

Above Rs. 25.00 Cr to Rs. 100.00 Cr : 0.80% of sanctioned limit.

Above Rs. 100.00 Cr : 0.70% of sanctioned limit.

In case of MKCC/Crop Loan up to Rs 3.00 Lakh for small and marginal farmer category : NIL

UPFRONT PROC FEE:

Rs.1.00 cr and above – 50% before handing over the sanction letter to the customer & remaining 50% at the time of documentation.                                          

Below Rs.1.00crore: 100% at the time of documentation.  

Note :

a. 75% of the charges recovered at the time of handing over the sanction letter to be refunded if sanction is not agreed when conveyed.

b. However, if the consent / acceptance or otherwise for limit sanctioned is not given within 2 weeks from conveying of sanction by branch, the processing charges recovered upfront will be forfeited.

c. Processing charges recovered by the Bank on completion of documentation will not be refunded whether limit is availed fully or not.

S

Processing Fees

TERM LOAN REVIEW CHARGES

(Excl. Retail Loans)

Up to Rs. 50 Lakhs : NIL
 

Above 50 Lakhs: Rs. 120 per Lakh
 

Maximum: Rs.5 lakh
 

Review Charges shall be collected on the exposure (i.e., outstanding Liability plus un availed limits) annually commencing from completion of one year from the date of first disbursement.

S

Processing Fees

LOAN FROM MARKETPLACE

For Proposal Through PSB59 portal:

MUDRA LOAN UP TO RS. 10 LAKHS:

MARKET PLACE:

PROPOSAL TYPE:

ONLINE:

Rs. 1000/-

Disbursement (Offline):

Rs. 750/-

BANK SPECIFIC URL

PROPOSAL TYPE:

ONLINE:

NEW: RS. 1000/-

RENEW: RS. 200/-

ENHANCEMENT: RS. 500/-

DISBURSEMENT(OFFLINE):

NA

MSME Loans above Rs. 10 Lakhs

For Amount of Loan >Rs. 10 Lakhs to Rs. 1 Crore

MARKET PLACE:

PROPOSAL TYPE:

ONLINE:

Rs. 3000/-

Disbursement (Offline):

Rs. 1500/-

For Amount of Loan >Rs. 1 Crore

MARKET PLACE:

PROPOSAL TYPE:

ONLINE & Offline:

Rs. 3000/-

BANK SPECIFIC URL

For Amount of Loan >Rs. 10 Lakhs to Rs. 1 Crore

PROPOSAL TYPE:

ONLINE:

NEW: RS. 2750/-

RENEW: RS. 500/-

ENHANCEMENT: RS. 1500/-

DISBURSEMENT(OFFLINE):

NA

For Amount of Loan >Rs. 1 Crore

ONLINE & Offline: Rs. 3000/-

S

Processing Fees

RETAIL LOANS:

Housing Loan:

0.25% of Loan amount (Max 25000/-)

Maha Bank Top up Loan:

0.50% of Loan Amount

Max: Rs. 50000/-

Maha Super Car Loan:

0.25% of Loan amount

Min - Rs 1000/-

Max - 15000/-

Maha Bank Vehicle Loan (2 w):

0.50% of Loan Amount

Min: Rs. 500/-

Max: Rs. 5000/-

Loan against Self-Occupied Property:

1% of Loan Amount.

Min: Rs. 1000/-

Max: Rs. 50000/-

Retail Lease Rental Discounting Scheme for Landlords:

0.50% of Loan Amount

Min: Rs. 1000/-

Max: Rs. 50000/-

Mahabank Personal Loan Scheme:

1% of Loan Amount

Min: Rs. 1000/-

Max: Rs. 10000/-

Mahabank Aadhar Loan Scheme:

0.50% of Loan Amount

Min: Rs. 500/-

Max: Rs. 5000/-

Mahabank Salary Gain Scheme:

0.50% of Loan Amount

Min: Rs. 500/-

Mahabank Consumer Loan Scheme:

0.50% of Loan Amount

Min: Rs. 500/-

Model Education Loan Scheme: Processing charges should not be levied. However, processing fees @ 0.50 % of the loan application should be charged upfront in case of considering loan for studies abroad. The fees however, be refunded upon the student taking up, the course and availing loan, by reversal of charges through CBS manually.

Mahascholar Education loan Scheme:

No Processing / Upfront Charges

Maha Bank Gold Loan :

Up to 03 Lakh - NIL

Above 03 to 05 Lakh – Rs 500

Above 05 to 10 Lakh – Rs 1000

Above 10 to 20 Lakh– Rs 1500

Above 20 Lakh – Rs 2000

S

Processing Fees

Bill discounting under LC

 @0.01%
Minimum of Rs. 500/-
Maximum of Rs. 50000/-

S

Non-Fund Based Limits

As applicable to the fund-based facility

S

Forward Contract Limit

NIL

S

Adhoc Interchangeability
(Btwn. FB & NFB)

 @ 0.15% per occasion

(Min Rs. 1000/-per occasion)

S

Adhoc Working Capital
(EOD / STL)

 @150% of normal processing fee on prorate basis & as per loan segment.

(Min Rs. 1000/-per occasion)

S

Lead Bank Charges (Where our Bank is a Lead Bank)

New / Renewal

0.35% of the total FB/NFB limits/WC/TL
(Max Rs. 50 Lacs)
Same for renewal of WC limits (except TL)

M

Commitment Charges

Upto Rs. 1 Crore: NIL

Above Rs. 1 Crore: New Sanction:

1. Working Capital: limits if not utilised within 3 months: - 0.50% p.a.to be recovered at quarterly intervals @0.125%.

2. Term Loan limits: NIL

3. Existing Working Capital Limits:

3a. utilization above 75%: - NIL

3b. utilization 50-75%: - 0.5% p.a. of the unutilized limits. To be recovered at quarterly intervals @0.125%.

3c. utilization Below 50%: - 1% p.a. of the unutilized limits. To be recovered at quarterly intervals @0.25%.

4. Line of Credit: 1% p.a. of the sanctioned unutilized limits. On quarterly basis @0.25%.

M

Restructuring of Credit Facilities

Restructuring of Credit facilities

As per normal processing fees for WC/TL facilities

MSME:
without increase in exposure:
up to 5 Lakh: NIL
above 5 Lakh: 0.10%
for increase in exposure: applicable processing fees for additional facilities.

M

BG COMMISSION

                            For borrower with Exposure up to 25 Crore:

                                                         Above 25 Crore:

S

Renewal of Guarantee

As applicable for issuance of guarantees.
If renewal is effected before expiry date of original guarantee and if commission was earlier charged for claim period, no commission for claim period.

S

Guarantees fully secured by deposits

25% of regular commission as above

S

Refund of BG Commission

In case of return of BG before maturity date and consequent request for the borrower to refund the commission for the un expired period; Branch shall refund commission at half the rate originally charged but for the expired period plus 3 months. This is applicable when original guarantee is received by branch.

S

Inland Letter of Credit

Issue charges

Rs. 500 per LC

S

Usance Charges

1. 0.35% for Bills up to 7 days
2. 0.70% for bills over 7 days and up to 3 months usance
3. 0.70% for first 3 months plus 0.35% per month in excess of 3 months up to 6 months
4. 0.70% for first 3 months plus 0.35% per month in excess of 3 months up to 6 months and 0.20% per month in excess of 6 months

S

Commitment charges for the period from date of issue to last date of negotiation mentioned in LC

0.35% per quarter subject to maximum of 0.70%

S

when the amount of credit under LC is increased

Min Rs. 1000/- along with Unified Charges on enhanced amount

S

Extension of Validity

Rs 1500/- + Unified charges for extended period

S

Amendment charges (other than increase in LC amount and validity)

Rs 1000/-

S

Reinstatement Charges in case of Revolving LC

Unified charges on amount reinstated per quarter, Min Rs. 1000/- per quarter.

S

LC advising Charges

Rs 2000/- flat

S

Confirmation of inland LC

As applicable to LC opening Charges

S

Negotiation Charges

Bills up to 2.50 lacs

0.40%- Min Rs 500/-

S

above Rs 2.50 lacs to Rs 10 lacs

Rs 1500/- flat + out of pocket expenses

S

Above Rs 10 lacs upto Rs 100 lacs

Rs 2500/-flat + out of pocket expenses

S

Above Rs 100 lacs

Rs 3500/- flat + out of pocket expenses

S

out of pocket expenses

actual basis

S

Account Handling Charges

(Includes Documentation, Inspection/supervision, NeSL and CIBIL charges)

Govt Sponsored scheme

NIL

S

All Commercial Loans including MSME, and Agriculture (Other than Crop Loan/MKCC)

Up to Rs 25000/-:  NIL

Above Rs 25000/- to Rs 2.00 Lac:

Rs. 2000/-
 

Above Rs 2.00 lac to Rs 1.00 Crore: 0.55% P.A.
Min: Rs. 2500/-

Max: Rs. 45000/-

Above Rs 1.00 Crore to Rs 25.00 Crore: 0.42% P.A.
Min : Rs. 45000/-

Max : Rs 125000/-

Above Rs. 25.00 Crore : Rs 130000/-
+ (Cost of visit on Actual basis)

(Charges to be levied on :
Working Capital: Total FB+NFB Limits
Term Loan: Outstanding Balance)

S

Crop Loan/ MKCC

Up to Rs. 3 Lakhs : Nil
> Rs. 3 Lakhs :
0.50% of Sanctioned Loan Limit
Min : Rs. 2000/-
Max : Rs. 35000/-

S

RETAIL LOANS

Housing Loan:

Rs.500+ 0. 10 % of Loan
Max: Rs. 11000/-
Maha Bank Top up Loan:

Rs. 500+0. 10 % of Loan
Max : Rs. 11000/-
 

Maha Super Car Loan :

Rs. 500+0.20 % of Loan amount
Max: Rs. 7500/-

Maha Bank Vehicle Loan (2 w) :

Rs. 500+0.20 % of Loan amount
Min: Rs. 1500/-
Max:  Rs. 10500/-

Loan against Self-occupied  Property  :
Rs. 500+0.10 % of Loan amount
Max:  Rs. 11000/-

Aadhar Loan Scheme for Pensioners:
 

Rs. 300+0.20 % of Loan amount
Min: Rs. 1500/-
Max:  Rs. 10500/-

Consumer Loan Scheme :
 

Rs. 300+0.20 % of Loan amount
Min: Rs. 1500/-
Max:  Rs. 10500/-

Personal Loan:

Rs. 500+0.20 % of Loan amount

Min: Rs. 1500/-

Max:  Rs. 10500/-

Salary Gain Scheme:

Rs. 200+0.20 % of Loan amount

Min: Rs. 1200/-

Max:  Rs. 10200/-

Model Education Loan Scheme:

Rs. 500+0.20 % of Loan amount

Mahascholar Education Loan Scheme:

Rs. 500+0.20 % of Loan amount

Maha Bank Gold Loan : NIL

S

Giving copies of loan documents

First Time

NIL

M

up to Rs 2.00 lacs

Irrespective of Amount

Rs. 10 per leaf (Loan Document Page)

Min : Rs. 100/-

M

Above Rs 2 lacs

Earmarking of Limits

upto rs 1 cr

Rs 1500 per occasion

M

above Rs 1 cr

Rs 5000 per occasion

M

Mortgage Charges

Mortgage Creation Charges (excluding retail loans)

Per borrowing entity with FB+NFB limits

Below Rs 1.00 Crore – Rs 5,000/-

Above Rs 1.00 crore to Rs 10 Crore –

Rs.100 per lakh max Rs 15,000/-

Above Rs 10 Crore –

Rs.100 per lakh min Rs.10000 and max Rs.35000/-

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

M

ROC FILING CHARGES

Rs. 1500/- per occasion

M

Charges for external Agencies

CERSAI Charges

For creation and any subsequent modification of each movable/ immovable/ intangible secured asset for loan
up to Rs. 5.00 Lac: Rs. 250/- per asset Id
Above   Rs 5.00 Lac: Rs 500/- per asset Id

Search of each security with CERSAI: Rs 50/- per instance

Charge related to the attachment order passed by a court or other authority under section (5) of section 26 B to CERSAI, which involves debit to NPA account.
To be paid by debiting P/L Law charges: Rs 250/- and to be recovered from borrower at the time of closure / satisfaction of Loan.

M

NeSL

1. For Fresh Sanction of all types of credit facilities clubbed with Account Handling Charges.

2. In case of term loan (Excl. Retail Loans) clubbed with inspection charges.

S

Credit Information Company (CIC) Report Charges

For Fresh Sanction of all types of credit facilities clubbed with Account Handling Charges.

Individual (CIBIL and CRIF):
Rs 100/- per instance/report
Non-Individual (CIBIL):
Rs  1000/- for corporates and Rs 500/- for MSME Scoring

S / M

Trust and Retention Account (TRA) agency fees

Rs 5.00 lacs Flat p.a.

M

Project Appraisal Fee

Project Term Loans only
(Above Rs. 10 Cr)

For Term Loan above Rs. 10.00 Crore: 0.25%

To be recovered in addition to upfront fee in case the appraisal note is shared with other lenders in Consortium / MBA lending

M

Closure of Loan/ Pre-Payment

Foreclosure Charges for CC

2% of sanctioned limit; applicable only in case of takeover to other FI.

Note : Also applicable on Agri loans which fulfil SME criteria

Not Applicable for Micro and Small Enterprises.

M

Incidental Charges at the time of closure of any loan/CC account(other than LAD, Govt. Sponsored Schemes and Staff Loans)

Rs. 150/-

S

PREPAYMENT CHARGES

For Term Loan:

2% of pre-paid amount, if the prepaid amount is more than 25% of the sanctioned limit.

NIL (if principal outstanding is less than 25% of the sanctioned limit).

Note : Also applicable on Agri loans which fulfil SME criteria

Not Applicable for Micro and Small Enterprises.

M

NOC Charges 

Issue of NOC for ceding any type of charge

Upto Rs 5 crores: NIL
Above Rs 5 crores to Rs 10 crores –

Rs.60000/-

Above Rs 10 crores – Rs.120000/-

M

NOC Charges in respect of exposures of Rs. 1 crore & above or any other miscellaneous request,

1. Modification in limits / sanction terms - per  occasion (Including Sanction of new line of credit by earmarking existing
limit)

2. Revalidation of limits
3. Sanction/Roll over of FCL
4. Issue of Comfort Letter for Buyers Credit
5.Interest concession
6. Reduction in commission/other service charges.
7. Reduction in Margin/collateral coverage
8.Waiver of personal/corporate guarantee
9.Waiver of any other sanction

Stipulation.
10. Issuance of NOC
11.Extension of COD

Upto Rs 10 crores: Rs 1 Lakh per instance

Above Rs 10 crores to Rs 50 crores –

Rs.3,00,000/- per instance
 

Above Rs 50 crores –

Rs.5 Lakh per instance

M

Fee for underwriting Assignments (existing syndication charges)

1.00% negotiable for higher rate on case to basis*

* in case of AAA rated accounts / PSUs: 10% of the card rate is applicable

TRA (for release of Term Loans): 0.065% with maximum of Rs. 3.25 lakhs

M

EMI default charges

Rs. 200/- per occasion of non-servicing of EMI on due date.

Applicable after 15 days of default.

S

Cheque returns charges in Loan accounts

At the rate of applicable cheque, return charges.

S

Switchover Charges

Charges for switching over from floating ROI to Fixed ROI or vice Versa

Rs. 5000/- + GST @18%.

Note: The switchover from Floating to Fixed Rate and vice versa will be allowed, subject to min. CIC Score of the borrower is above 700, & fulfilment of guidelines vide H.O. Circular ref. No. AX1/PSRC/Retail/Cir. No. 174 /2023-24 dated 30.03.24.

M

Housing Loan for purchase of plot and construction thereof

If construction of house not started within 2 years, rate of interest will be 2% above the normal rate of interest as applicable

2% p.a. of the sanctioned amount flat each year till completion of construction

M

Delayed Review (Due to non- submission of renewal data including Audited Balance Sheet by the borrower

12-15 months:
1% p.a. of sanctioned limit, for the quarter.

Above 15 months:
2% p.a.  of sanctioned limit till the date of renewal. For the period of default, to be recovered quarterly.

S

Non submission of stock statement in time (as per sanction terms)

1.00% p.a. of o/s balance for overdue period.

S

Non-renewal/ Expired External Credit Rating

1.00% pa of o/s balance

M

Delayed payment of Term Loan installments

2% pa on overdue amount for the period of delay in respect of the installments delayed

S

Drawings in excess of sanctioned limits (including expired limits) in Cash Credit accounts (EOD)

2% pa on the overdrawn portion till the account is regularized.

Note : Regular interest to be charged on the total outstanding balance.

S

Drawings in excess of Drawing Power  (including expired limits) in Cash Credit accounts (TOD)

8% pa on the overdrawn portion till the account is regularized.

S

1

Rupee post shipment advance:

Negotiation/purchase/ discounting of export Bills – Bill amount (Both Sight and usance bills)

Up to USD 10,000: Rs. 750/-

S

Above USD 10,000: Rs. 1100/-

S

2

Foreign currency post shipment advance:

Discounting of Export Bills (EBD)

(both Sight and usance bills)

To be calculated and recovered in equivalent in Indian rupees.

Up to USD 5,00,000: USD 25

S

Above USD 5,00,000: USD 50

S

Where proceeds are sent in foreign currency to other bank Additional commission In lieu of exchange would be recovered.

M

NOTE: In case, export bill which has been sent on collection basis and the Bank has recovered applicable commission, the charges specified above would not be recovered again for granting any post-shipment advance i.e. bill negotiated, purchased or discounted.         

3

Rupee advance against export bill

Will be treated as bill on collection and charges for collection of bill will be recovered.

S

4

Processing charges for rupee export bills

0.20% per bill

M

5

For forwarding export documents to other Bank in India for collection, discounting or negotiation

Rs.1100/- per document

M

6

Overdue Bill purchased/ discounted or negotiated where proceeds are not received in our Nostro accounts within 30 days from the due date

Rs.500/- per bill per quarter (Maximum Rs. 2000/-)

M

7

Reimbursement charges under letter of credit- when reimbursement is claimed by AD bank in India from our Bank

Rs. 1000/- per reimbursement

M

8

Pre-shipment credit in Foreign currency:

Upto USD 5,00,000 -  USD 25

Above USD 5,00,000 - USD 50

M

M

9

Export Bills on collection:
a. Export bills sent on collection to the
overseas bank.

b. Export Bills sent by the exporter
directly to the buyer with permission
from bank.
c. Export bill sent on consignment basis
d. Export bills sent on collection and
rupee advances have been granted by
the Bank.

Upto USD 10,000 – Rs. 1000/-
Above USD 10000  – Rs.2000/-

(Additionally Rs.100 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)

S

10

Export bill handled by Bank where payment is received in advance

Upto USD 10,000 – Rs. 1000/-
 

Above USD 10000  – Rs.2000/-

(Additionally Rs.100 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)

S

M

11

Bills in Indian rupees sent for collection

0.20% per bill (Min: Rs 750/-,

Max: Rs. 25,000/-)

M

12

Overdue export bills sent for collection where payment of the bill has not been received in stipulated time.

Rs. 1000/- per quarter

M

13

Where proceeds of foreign currency export bills received in Indian rupees

0.13%

(Minimum Rs. 550/-, Maximum Rs. 10,000/-)

Plus commission in lieu of exchange.

S

14

Deemed Export Bills

0.15%  (Min Rs. 600/-, Max: Rs.40,000/- per bill)

M

15

Export L/C advising

Including courier charges

To our client: Rs. 1000/-

To Non customers: Rs.2000/-

S

16

Advising Amendment to Export LC

Including courier charges

To our client: Rs. 500/-

To Non customers: Rs.750/-

S

17

Advising LC to our customer as a second advising bank which has been received via SWIFT by another bank.

Rs. 500/- per Advice

M

18

ADDING CONFIRMATION TO EXPORT LCs:

To be done only with the approval of TIBD

Charges are Commitment plus Usance

Charges as applicable to opening of Import LC

S

19

For each advice for transfer of a Export letter of credit. Transfer charges are in addition to the LC amendment advising charges.

Rs. 1000/- per transfer

S

20

Credit of export proceeds to EEFC Accounts

NIL

S

21

Approval for extension of due date for realization of export bill by Bank/RBI

Rs. 1000/- Per Bill, Per Extension

S

22

Late submission of export documents (after 21 days from the date of shipment as per RBI Guidelines

Rs. 250/- per month or part thereof,  per bill

S

Certificates related to Export Transactions

23

Issuance of BRC/e-BRC

NIL

S

24

Attestation in respect of export transaction – invoice etc.

Rs. 300/- per invoice

M

25

Other certificates related to exports like GR waiver etc. on Bank’s letter head

Rs. 500/- per certificate

M

26

COMMISSION IN LIEU OF EXCHANGE:
Commission in lieu of exchange applicable for
all transactions where Bank does not earn
exchange margin

COMMISSION IN LIEU OF EXCHANGE: @ 0.15%
Min. Rs 1000 and Max Rs 30000
Commission in lieu of exchange is applicable for following:

i. Where pre-shipment advance has been granted by a branch against a letter of credit/export order but the bills are negotiated through another Bank.


ii. Where an export bill is sent for collection abroad by a branch, but the payment is received in rupees through another Authorised Dealer in India.

iii. Where PCFC loan is utilized
for payment of import bills or credited to DDA

S

27

Processing the request for write off of export bills

In case of Self Write-off – Rs. 1000.00/- per bill

In case of Write-off approved by AD Bank –

Rs. 1500.00/- per bill

In case of Write-off approved by RBI –

Rs. 4,000.00/- per bill

S

28

Opening of Import letter of Credit including Standby LC wherever permissible

Commitment charges + usance charges  

S

Commitment charges

(For full validity of LC i.e. from the date of opening to the date of expiry of LC)

0.15% per completed quarter (minimum one quarter) plus 0.075% per month thereafter. A part of the month would be treated as full month. Minimum Rs. 600/-

M

USANCE CHARGES

Sight LC

0.15% flat min Rs. 600/-

S

Usance LCs upto 3 months

0.30% minimum Rs.700/-

S

Usance above 3 months

0.30% for first 3 months plus 0.10% p.m. or part thereof

S

Applicable Rates for high Value LC based on value of each LC

Upto USD 5,00,000

Normal Rates

S

Above USD 5,00,000 upto USD 1,000,000

80% of normal rates

S

Above 1,000,000 to USD 5,000,000

60% of normal rates

S

Above USD 5,000,000

50% of normal Rates

S

29

LCs opened / confirmed against 100% deposit:  Volume discount would be additionally available to these LCs

50% of the applicable rate

S

30

Amendment to LC involving extension of validity, change of tenor from sight to usance or enhancement of LC value for which charges are recovered

Rs. 600/-

S

31

Amendment to LC involving extension of validity, change of tenor from sight to usance or enhancement of LC value for which charges are  not recovered.

Rs. 600/-

Plus, charges as per S No 28 above minimum Rs.500/-

S

32

Amendment other than extension of validity or enhancement in value which does not affect Bank’s liability in terms of period or value

Rs. 600/-

S

33

Receipt of discrepant documents under LC

USD 50

M

34

Revival of LC within 3 months from the expiry date

Charges as per B.1 (at par with fresh LC)

M

35

Import bills received under LC denominated in
foreign currency – at the time of retirement or
crystallization whichever is earlier.

0.125%
Minimum Rs. 1000/-
Maximum Rs. 25000/-

S

Import Bill received under LC denominated in
Indian rupees or import bill where no
exchange commission is earned– at the time
of retirement or crystallization whichever is
earlier

0.25%
Minimum Rs.1000/-
Maximum Rs. 25000/-

M

Import bill where payment is made by debit to
EEFC account or buyer’s credit amount is
received from other bank.

0.25%
Minimum Rs.1000/-,
Maximum Rs. 25000/-

S

Import bill under LC crystallized due to non-payment
by the importer on due date (both sight and Usance)

Applicable commission as above plus
Additional commission of 0.10% minimum
Rs.250/-

M

36

Import bills denominated in foreign currency
where banks earns exchange margin

0.15% of the bill amount.
Minimum of Rs. 1000.00
Maximum of Rs. 25000.00

M

Import bill denominated in foreign currency on
which no exchange is earned i.e. by debit to
EEFC or buyer’s credit received from other
banks

0.25%
Min. Rs. 1500
Max. Rs. 25,000

M

Import documents received directly by
importer and submitted to bank for payment
where banks earn exchange margin

0.15% of the bill amount.

Minimum of Rs. 1000.00
Maximum of Rs. 25000.00

M

Import documents received directly by
importer and submitted to bank for payment
where banks do not earn exchange margin

0.25%
Min. Rs. 1500
Max. Rs. 25,000

M

37

Advance payment against import
Where bank earn exchange margin

0.15% of the bill amount.

Minimum of Rs. 1000.00
Maximum of Rs. 25000.00

S

Advance payment against import
Where by debit to EEFC account or where
bank do not earn exchange margin

0.25%
Min. Rs. 1500
Max. Rs. 25,000

38

1. Commission on import Bill under Letter of Credit (FABP)

2. Commission on Import bills received under collection.

3.Advance payment against Import

1. For Bills Under USD 50000, Rs. 1000/- Flat, subject to minimum Forex turnover of Rs 5 Cr per Quarter and Rs. 25 Cr per annum.

2. For Bills above USD 50000, Rs. 1500/- Flat, subject to minimum Forex turnover of Rs. 5 Cr per Quarter and Rs. 25 Cr per annum.

1. Applicable only if turn over criteria is fulfilled.
2. Declaration for the projected turnover for the current financial year to be obtained and normal charges to be applicable from next month onwards if quarterly turnover is not achieved)

S

39

Forwarding Non LC import bill to other bank for payment.

Rs. 1000/- per bill

M

40

Attestation of Invoice

Rs 50/-

M

41

Issuance of Delivery order to Airline company for delivery of goods pending receipt of import documents

Rs. 1000/-

M

42

Return of import Bill  on collection as per the instructions of remitting Bank

USD 60 plus courier charges

M

43

Charges for noting and protesting

USD 200 plus out of pocket expenses

M

REVOLVING LETTER OF CREDIT established in terms of RBI guidelines.

44

Commitment charges

a.    on maximum amount of drawing permitted at any time from the date of establishment of LC to the date of expiry

b.    on each amount reinstated from the date of reinstatement to the date of subsequent reinstatement or the validity of the LC.

As applicable to import LC

M

45

Usance charges

As applicable to import LC

M

Extension, amendment etc. and all other issues related to LC

As applicable to import LC

M

46

Buyers credit where credit is arranged by importer

Rs. 1000/- per  application

M

Where quote is arranged by bank

Rs. 5000/- per application

S

Deferred payment LC

47

LC covering import of goods on deferred payment terms involving payments beyond a period of 6 months from the date of shipment in installments over a period of time as per RBI guidelines under FEMA.

0.45% per quarter or part thereof on the amount of liability at the beginning of every quarter.

M

Amendment to Deferred payment LCs

Shall be the same as for normal letter of credit specified under: Table. B

M

DEFERRED PAYMENT LC: 

1. Commission for entire period should be recovered up-front. Prior permission of credit sanctioning authority to be obtained for recovery of commission in instalments.   

2. For upfront recovery TT selling rate prevailing on the date of issuance of LC shall be applied which will prevail till expiry.        

For instalment recovery – TT selling rate prevailing on the date of recovery of instalment shall be applied.           

48

FCDL

Upto USD 5,00,000:  Rs 10,000/-

Above USD 5,00,000:  Rs 15,000/-

+ Commission in lieu of exchange where no exchange margin is earned

M

49

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.

M

50

Payment received by SWIFT

MT103/MT202 or any other instrument where Bank’s Nostro account is credited before passing on credit to customers. Non trade transaction.

(Flat charges per remittance)

Up to USD 500: Rs. 100/-

Above USD 500: Rs. 250/-

M

51

Purchase of foreign currency instruments payable abroad – like personal cheques, demand drafts, IMOs or pay orders (FOBP).

1: Commission @0.25% (min Rs. 100/- max Rs.200/-)

2. Interest @ BPLR or Base Rate + 4% (whichever is higher) for 15 days.

3. Interest @ BPLR + 2% or Base Rate + 6% (whichever is higher) for overdue period beyond 15 days till recovery if instrument is returned unpaid.

S

S

S

52

Where inward remittance is to be paid/executed in foreign currency by way of issuing SWIFT or FDD etc.

0.10% Min. Rs. 250/-

M

Maximum Rs. 5000/-  Plus swift/FDD charges

53

 COLLECTION OF FOREIGN CURRENCY CHEQUES/OTHER INSTRUMENTS PAYABLE ABROAD

Collection of instruments payable abroad

0.25% Minimum Rs. 100/-,  Maximum Rs, 10,000/-

S

Collection of instruments payable abroad under guaranteed settlement

0.25% Minimum Rs. 100/-, Maximum Rs, 10,000/-

Plus, charges communicated by TIBD from time to time as they may vary for each Bank.

S

M

Collection of foreign currency instruments payable in India

0.25% Minimum Rs. 100/-, Maximum Rs, 10,000/-

Plus, Courier charges Rs. 100/-

S

54

TRAVELLERS CHEQUES, CURRENCY NOTES ENCASHMENT

Travellers’ cheques, Currency notes encashed from Tourists and deposited in account by customers

At CN/TC Buying rate

No commission to be charged.

M

Currency notes received as export proceeds

 0.25% towards commission and commission in lieu exchange margin

M

Travellers’ cheques deposited towards export proceeds

0.25% Minimum Rs. 100/-, Maximum Rs, 10,000/-.

No separate commission for export bill in this case in lieu of exchange.

M

All other inward remittances where exchange is earned

0.25% Minimum Rs. 100/-, Maximum Rs, 10,000/-.

M

All other inward remittances where exchange is not earned

0.25% Minimum Rs. 100/-, Maximum Rs, 10,000/-.

Plus commission on account of in lieu of exchange.

M

55

FIRC/ENCASHMENT CERTIFICATE

Issue of FIRC/Encashment certificate on security paper

Rs. 250/- per certificate

M

Issue of FIRC/Encashment certificate on Bank’s letter head

Rs. 200/- per certificate

M

Issuance of Duplicate FIRC

Rs. 1500/- per duplicate FIRC

M

56

CHEQUES RETURNED UNPAID

Upto USD 10,000

Rs. 200/-

S

Above USD 10,000 to USD 50,000

Rs. 1000/-

S

Above USD 50,000

Rs. 10,000/-

S

Note: Before accepting cheque for USD 1, 00,000 and above for collection B-Category branches should contact TIBD by sending a copy of cheque on fax or email. High value cheque is normally not used in international payment and therefore poses increased risk to the Bank.

57

Payment received by SWIFT

MT103/ MT202 or any other instrument where Bank’s Nostro account is credited before passing on credit to customers. Trade transaction.

(Flat charges per remittance)

Rs.500/-

S

OUTWARD REMITTANCES:

58

Remittance by MT103 (Including swift charges)

(For non-trade Transactions only)

0.10%

Min- Rs 100/-, Max- Rs 2000/-

S

Remittance by MT103

(For commercial transactions)

0.10% (Min- Rs 500/-, Max- Rs 2000-)

Plus:

Swift charges as given in Section J

S

59

Issuance of FDD

Upto USD 5000 - Rs. 250/-

Above USD 5000 - Rs. 500/-

S

For non-trade  Transactions

Issuance of FDD (Including SWIFT Charges)

Upto USD 5000 - Rs. 500/-

Above USD 5000 - Rs. 700/-

S

60

 (For commercial transactions)

61

Remittance of FCNR  proceeds abroad or to any other Bank in India in foreign currency

No charges. No out of pocket expenses

M

62

Issue of duplicate FDD

Rs. 1500/-

M

(Try to cancel the old one and issue fresh one instead of duplicate FDD unless customer insists for duplicate FDD)

Plus swift charges for sending advice

63

Sale of foreign currency Travellers where Bank earns exchange margin.

0.50% (min Rs. 100/-)

M

On INR equivalent

64

Commission on TCs issued against deposit of Foreign Currency notes at the request of customer.

1% of equivalent rupee amount

M

Minimum Rs Rs.300/-

65

Issuance of TC by debit to EEFC/RFC/FCA  Account of the customer

1% of equivalent rupee amount

M

Minimum Rs.300/-

66

Clean outward remittances on account of IOC, HPCL, Shipping Corporation, ONGC, Railways or other PSUs/Govt Departments where Bank has to bid exchange rate

No charges

M

FOREIGN BANK GUARANTEES/ACCEPTANCE.

67

Guarantees issued in favour of Local parties against counter guarantees of foreign Banks in foreign currency subject to prior approval from IBD

1. For Banks to whom no specific approval is given: 0.25% p.m. or part thereof for the stipulated period of guarantee.

Minimum amount USD 50/-

 2:  For our major Nostro account Banks:

 As per approval of Credit Approval committee.

S

M

68

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

0.25% of amount

Minimum Rs. 1000/-

M

69

Guarantees issued in favour of shipping company in lieu of Bill of Lading

Rs. 1000/- per quarter for first quarter and Rs. 1500/ per quarter or part thereof.

S

70

Guarantees issued in favour of Local parties against counter guarantees of foreign Banks in Indian in rupees.

1. For Banks to whom no specific approval is given: 0.20% p.m. or part thereof for the stipulated period of guarantee.

Minimum amount USD 50/-

2:  For our major Nostro account Bank as per approval of Credit Approval committee.

M

M

71

Letter of comfort/guarantee for availing Buyer’s credit

0.50% per quarter

or part thereof for the actual tenor

 (Minimum Rs. 500)

M

For letter of comfort issued against 100% margin/deposit, the applicable rate would be 50% of the above rate.

72

All other guarantees such as Bid Bond, performance, advance payment relating to export transactions (other than project exports) and those not specified else where

0.20% per month or part thereof for the actual tenor

M

Minimum Rs 500

73

Deferred payment guarantee covering import of goods into India.

As applicable to deferred payment LC given at Table.B (B.17)

M

74

Availization –co-acceptance of Bill of Exchange:

0.15% per month

M

Counter signing the Bill of Exchange drawn on the importer/co-acceptance of draft.

Minimum Rs. 500/- or part thereof.

PROJECT EXPORTS/IMPORTS

75

PROJECT EXPORTS

Processing of project proposal

Upto USD 50 million: Rs. 10,000/-

USD 50 million to USD 100 million: Rs. 25,000/-

Above  USD 100 million: Rs. 25000/-

+ Rs. 300 per million. (Maximum Rs. 50,000/-)

M

76

Project Exports: Bid bond, bond for earnest money, guarantee for advance payment by foreign buyer to India exporter

a. In the case of guarantee covered by ECGC

0.55% p.a.  plus applicable ECGC premium

M

b. In case guarantee issued against 100% counter guarantee of Government of India

0.35 % p.a. (Minimum Rs. 1000/-)

M

c. Against 100% cash/deposit margin

0.25% p.a. (Minimum Rs. 1000/-)

M

d. In case of guarantee related to project export other than above

1.10% p.a. (Minimum Rs. 1000/-)

M

77

PROJECT IMPORTS:

Imports documents on collection basis covering project imports under international government aid schemes (including those financed by international agencies like World Bank, IMF, ADB etc)

0.10%

Minimum Rs. 500

Maximum Rs. 2500

M

MERCHANTING TRADE:

78

Import leg transaction

As applicable to Import transaction as per s no 28-49.

M

79

Export Leg transaction

As applicable to Export Transaction as per s no 1-27.

M

FORWARD CONTRACTS:

80

Booking of sale and purchase forward contracts

Rs. 650/-

S

81

Cancellation of forward contract

Rs. 500/- + swap cost

S

82

Early delivery

Rs. 600/- + swap cost wherever applicable

M

83

Extension/Roll over subject to RBI guidelines.

Rs.800/- + swap cost wherever applicable. (for both the legs taken together)

M

(Contract cancellation and booking should be done at the same time subject to change in underlying. It should not be treated as booking and cancellation).

TRANSACTION RELATING TO ODI/FDI

84

Processing of ODI (JV/WOS) proposals(UIN Processing Fee)

Rs. 10,000/- per proposal. For allotment of UIN

M

(apart from normal charges of outward remittance)

85

Subsequent remittances under ODI (after allotment of UIN)

Rs. 1,000/- per Remittance

M

(apart from normal charges of outward remittance)

86

Annual APR Submission of ODI (JV/WOS)

Rs. 1,000.00 Per APR/Per Year

M

87

Late Submission of APR

Rs. 500.00 as Late Fee

(apart from normal charge of APR above)

M

88

Reporting of Disinvestment of JV/WOS

Rs. 2,000.00 per UIN

M

89

Transfer of Existing UIN To/From another Bank

Rs. 2,000.00 Per UIN

M

90

Processing of FDI Proposal

Rs. 2,500.00 per UIN

M

91

Reporting of FCGPR

Rs. 2,500.00 per UIN

M

92

Reporting of FCTRS

Rs. 2,500.00 per UIN

M

93

Late submission of FCGPR

Rs. 2,000.00  (apart from normal charge as above)

M

94

Processing of ECB proposals (Other than Trade Credit)

Rs. 10,000/- per proposal.

(for allotment of LRN)

M

95

ECB monthly reporting to RBI

Rs. 1,000.00 per LRN/ per month

M

96

Transfer of existing LRN to/from another Bank

Rs. 2000.00 per transfer

M

SWIFT/COURIER CHARGES

(Not to be credited to P/L postage etc. It is to be credited to concerned income head in P/L Accounts):

Para

Particulars

Charges

S/M

97

MT 103 For Individual Remitter

  Included in the commission

S

98

MT 103 For Non-Individual

Rs 500/-

S

99

MT 202 For Import Payment

Rs 500/-

S

100

MT 700 - LC Issuance

RS 1000/-

S

101

MT 707- LC Amendment

Rs 500/-

S

102

MT760-Issuance of Guarantee

Rs 1000/-

S

103

MT 767-Amendment to guarantee

Rs 500/-

S

104

MT-769 /792 Other SWIFT messages related to guarantee

Rs 500/-

M

105

MT-420 Tracer for bills negotiated/ discounted/ purchased.

Rs 500/-

S

106

MT-420 Tracer for collection of Export Bills

Rs 500/-

S

107

MT-412/416 Acceptance of documents

Rs 500/-

S

108

Conveying rejection of documents under LC

Rs 300/-

S

COURIER CHARGES

109

For Sending documents in one set

Rs 1500/-

M

110

For Sending documents in two sets

Rs 2500/-

M

111

For Sending supplementary documents at the request of the exporter

Rs 1500/-

M

112

For Return of Import documents at the request of remitting bank

USD 50/-

M

Request forwarded to RBI

113

Any request forwarded to RBI for Approval/Ratification

Approval: Rs 2000/- per proposal Ratification: Rs 4,000/- per proposal

M

Zonal Heads

Both for customers with credit exposure up to their delegated powers and non-customers based on volume of Foreign Exchange Business

Above Rs. 5 Cr to 10 Cr

Concession up to 10%

Above Rs. 10 Cr to 25 Cr

Concession up to 25%

Above Rs. 25 Cr to 50 Cr

Concession up to 35%

Above Rs. 50 Cr

Concession up to 50%

General Manager, (In charge Treasury)

For Customers not having any Credit Exposure (Business on Collection Basis only)  based on volume of Foreign Exchange Business

Above Rs. 50.00 Crore and Up to Rs. 100.00 Crores

Flat Rs. 1200.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

Above Rs. 100.00 Crore and Up to Rs. 200 Crore

Flat Rs. 800.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

Above Rs. 200.00 Crores

Flat Rs. 500.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

General Manager of Respective Department 

For customers with credit exposure based on volume of Foreign Exchange Business

Above Rs. 50.00 Crore and Up to Rs. 100.00 Crores

Flat Rs. 1200.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

Above Rs. 100.00 Crore and Up to Rs. 200 Crore

Flat Rs. 800.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

Above Rs. 200.00 Crores

Flat Rs. 500.00 + out of pocket expenses

(Per Export Bill and all Non-LC Trade transaction for Import)

Executive Director And CEO & Managing Director

Full powers

Branch Head shall forward the request of concession to appropriate authority with proper justification for availing above concessions through respective Zonal Office.

Charges for Bulk Business and Delegation of powers for consideration of these charges:

In metro and big cities, a lot of forex transactions are handled on collection basis. This is volume business, and these companies shop for flat rate per transaction instead of percentage basis. Based on the competitive quotes this business is routed through the Banks. This business is normally over and above committed in consortium and is commission rate sensitive. It is therefore proposed to follow following structure for these collection bases with strict monitoring on quarterly basis:

Committed volume per quarter

Flat Rate per bill irrespective of Amt

Sanctioning authority

No. of Bills above 50

Rs. 2000 + swift Charges @ Rs. 300/-

Zonal Head

No. of Bills above 100

Rs. 1000 + Swift charges Rs. 300/-

Zonal Head

No of Bills above 200

Rs. 500 + Swift Charges Rs. 300

Zonal Head

No. of Bills above 200 and up to 500 bills (both export and import taken together)

Rs. 300 + Swift charges Rs.300

Zonal Heads, General Manager (Credit), General Manager (Priority)

No. of Bills above 500 bills (both export and import taken together)

Rs. 300 + Swift Charges Rs.200

Zonal Heads

Rs. 200 + Swift Charges Rs. 200

Zonal Heads, General Manager (Credit), General Manager (Priority)

Full Powers

ED /  MD&CEO

Rationale: To Extend the Benefits to MSMEs and mid corporate customers while ensuring that overall commission of the Bank remains intact.

The above delegation would be used only with an intention to increase the volume and commission. The regular business committed under consortium would not be considered for the above. This would be adhoc sanction for the additional business. Review of the committed volume would be taken at each quarter in case there is short fall of more than 10%, the commission would be worked out at 1.5 times of the approved rate and the difference would be recovered. This schedule would be used only for generating additional income subject to strict monitoring. All these sanctions would be sent to TIBD who would conduct quarterly review and submit the note to the concession sanctioning authority for review.