Service Charges

No.

Type / Nature of Service

Minimum Balance

Service Charges
with effect from 01/05/2016

1

Saving Bank Account with Cheque Book facility OR without Cheque Book facility Rs. 1,000

Rs. 50 per instance

For Shahupuri Branch Rs. 2,000

For Peth Vadgaon, Gaganbavada, Karad & Kankavali Branch

Rs.    300

2

New Saving Bank Account withdrawal Base

Rs. 500

Rs. 50 per instance

3

Current Account Rs. 2,000

Rs. 50 per instance

For Peth Vadgaon, Gaganbavada, Karad & Kankavali Branch

Rs. 1,000

4

Cheque Book Charges

New Saving Bank Account Rs.2.50 per Cheque (Minimum 15 Cheques)
New Current Account Rs.2.50 per Cheque (Minimum 30 Cheques)
Cash Credit Account Rs. 2.50 per Cheque

ECS Mandate

Per ECS Mandate Rs. 60 per year

5 Closure of Accounts for S/B & C/A


Account Closed within 6 Months Rs. 200
Account Closed Within 1 Year Rs. 150
Account Closed Within 2 Years Rs. 100
Account Closed After 2 Years Nil
Unused Cheques Rs. 5 per Cheque.

6

Issue of Duplicate Passbook/Statement

Saving Bank Account – Passbook Rs. 25
- Statement Rs. 3 per page
Current Account        - Statement Rs. 3 per page

7

Inoperative Charges


For 1 Year Rs. 50
For 1-2 Years Rs. 100

8

Clearing Charges

Rs.5 per Cheque

Outward Clearing (Cash Credit A/c.) Rs.5 per Cheque
Inward Clearing   (Cash Credit A/c.) Rs.10 per Cheque
Outward Return Rs.100 + Int. @ 24 % for the period from
Discounted cheque returned discounting till return + Other Banks Charges.

9

Inward Return:


For want of Funds: Rs.100   Per Cheque.
Any other Reason Rs.50 Per Cheque.
Stop Payment Rs.100  Per instruction

10

PAY ORDERS/DEMAND DRAFTS:

Upto Rs. 20,000 Rs.20
Above Rs. 20,000 Rs.20 + Rs. 1 per Rs. 1000
Cancellation of Pay orders/DD Rs. 100
Reissue of Pay orders/DD Rs.0.50% commission.

11

Processing Charges:


Loan up to Rs.15000 Nil
1. Term Loan from Rs. 15001 to Rs.50000 Rs.200
2. Rs. 50001 to 100000 Rs.300
3. Rs.100001 To Rs.500000 Rs.300 + Rs 4 per thousand Above Rs. 1 lakh.
4. Rs500001 To Rs.1000000 Rs.1900 + 3 per thousand above Rs. 5 lakh
5. Rs. 1000001 and above Rs.3400 +Rs. 2 per thousand.
Vehicle Loan:     
1. Loan upto Rs. 500000 1% of the loan amount.
2. Rs. 500001 and above: Rs. 5000 + 0.50% above Rs. 5 lakh.
HOUSING LOAN:
1. Upto Rs.500000 0.50% of the loan amount.
2. Rs.500001 To Rs.1000000 1.00% of the loan amount.
3. Rs.1000001 and above Rs. 10000  + 0.50% above Rs. 10 lakh.
CASH  CREDIT / BILLS  DISCOUNTING / B.P.
Up to Rs.50000 Rs. 200
Rs.50001 To Rs.200000 Rs.500
Rs.200001 To Rs.500000 Rs.500 + 0.40% above Rs. 2 lakh.
Rs.500001 To Rs.1000000 Rs.1700 + 0.30% above Rs. 10 lakh
Rs. 1000001 and above Rs. 3200 + 0.25% above Rs. 10 lakh.
For CC Renewal 50% LPC as per above limit.

12

CHEQUES COLLECTION (IBC/OBC)


Up to Rs. 10000 Rs. 50 + Postage
Above Rs. 10000 Rs. 100 + Postage
Charges for return unpaid Our Banks charges  Rs. 100 + postage + Other Bank’s charges.
Foreign Currency Cheques Actual charges of designated Bank + Postage and our Banks charges. As per OBC rates.

13

COLLECTION OF BILLS (IBC/OBC/BD/SBD)


Up to Rs. 500 Rs.25  + postage and other Bank’s charges.
Rs. 501 to 5000 Rs.50 + postage  and Other Banks charges.
Rs. 5001 to 10000 Rs.100 + postage  and Other Banks charges.
Rs. 10001 and above Rs. 200 + postage and Other Bank’s Charges.