Service Charges

Commission On Collection

Clean Documentary/Demand/Usance

Rate Per Bill

i) For amount upto Rs. 1000/- Rs.20/-
(ii) Above Rs. 1000/- & upto Rs.5000/- Rs.40/-
(iii) Above Rs. 5000/- & upto Rs. 10000/- Rs.65/-
(iv) Above Rs. 10000/- & upto Rs. 1.00Lakh Rs.6/- per thousand or part there of
(v) Above Rs.1.00Lakh Upto Rs.10.00Lakh Rs.6/- per thousand or part  thereof subject to a minimum of Rs.6000/-
(vi) Above Rs.10.00Lakh Rs.6000/- +Rs.5/- per thousand or part thereof exceeding Rs.10.00Lakh.

Cheques Rate Per Cheque

i) For amount up to Rs.500/- Rs.5/-
(ii) Above Rs.500. up to Rs.1000/- Rs.10/-
(iii) Above Rs.1000. up to Rs.5000/- Rs.25/-
(iv) Above Rs.5000. up to Rs. 10000/- Rs.40/-
(v) Above Rs.10000. up to Rs.1.00Lakh Rs.4/- per thousand or part there of with a minimum of  Rs.40/-
(vi) Above Rs.1.00Lakh up to Rs.10.00Lakh Rs.3/- per thousand or part thereof with a minimum of Rs.400/-
(vii) Above Rs.10.00Lakh Rs.3000 + Rs.2.50 per thousand or part thereof exceeding Rs.10.00Lakh
In addition to above, postal charges and out of pocket expenses like telephone, telegramme, fax etc., should be recovered in full. Such out of pocket expenses are to be collected even in cases where “At par “ collection
Facilities have been granted.

Collection charges need not be levied in respect of local cheques and drafts presented through Clearing.

Collection charges as per shedule have to be levied in respect of all bills (both local and outstation) except local cheques.

At centers where the Bank does not have its arrangement of collection, the commission on bills/ cheques is to be shared our Bank and collecting Bank on 50:50 basis.

Note : Whenever the bill/cheques are returned unpaid, the above commission need not be levied. The charges prescribed as out of pocket expenses and returning charges are to be recovered.

Issuance of Gift Cheques :

Denomination Commission
i Rs.101 Rs.2/-
ii Rs. 201 Rs.3/-
iii Rs. 501 Rs.5/-
iv Rs. 1001 Rs.10/-
v Rs.5001 Rs15/-

Exchange On Remittances

DEMAND DRAFTS Against Cash Against Transfer

(i) Upto Rs10000/- Rs.30/- Rs.25/- per draft
(ii) Rs.10001. upto Rs.1.00Lakh Rs.4/-per thousand Rs.3/- per thousand
(iii) Rs.100001. to onwards - Rs3/- per thousand

For odd stations (Demand draft if purchased from SBI) Rs.35/- per draft Minimum.

Out of pocket expenses like postage, telegramme, telephones, fax etc., to be recovered in full in addition to above charge.

Returning Charges

When a cheque is returned for financial reasons, a flat rate of Rs.20/- per instrument shall be charged to the drawer by the drawee branch.

When a local cheque is returned unpaid, for financial reasons, no handling charges shall be levied to the depositor of the instrument by collecting branch. However, in respect of outstation cheques received unpaid for financial reasons handling charges @ 50% of the prescribed collection charges subject to the minimum of Rs.20/- per cheque shall be levied to the depositor of the instrument by the collecting branch in addition to actual postage/out of pocket expenses if any incurred.

Purchase/Discount Of Bill/ Cheques

Rs.6/- per thousand plus postage subject to minimum of Rs.50/-.

Note :

i If a bill purchased/discounted is returned unpaid, interest @ 18% as applicable in overdraft facility shall be charged from the date of purchase/discount till the date of adjustment.
ii If the bill is paid beyond the due date/notional due date, interest @ 18% shall be charged from the due date till the date of realization.
iii In addition to the above, collection charges and other out of pocket expenses as specified in Chapter – 1 on commission on collection be recovered.

* Notional Due Date is the Expected Date of Realization.

Pay Orders/Bankers Cheques

(i) For amount upto Rs.1000/- Rs.10/-
(ii) Above Rs.1000 upto Rs.5000/- Rs.20/-
(iii) Above Rs.5000 upto Rs.10000/- Rs.25/-
(iv) Above Rs.10000 upto Rs.1.00 Lakh Rs.1.50 per thousand or part thereof with a minimum of Rs.25/-
(v) Above Rs.1.00 Lakh upto Rs.10.00 Lakh Rs.0.60 per thousand or part there of with a minimum of Rs.150/-
(vi) Above Rs.10.00 Lakh Rs.0.50 per thousand or part there of above Rs.10.00 Lakh min. Rs.600/- and Max. Rs.4000/-

Note : 25% additional charges for cash transactions.

The disbursement of loan proceeds by means of A/C Payee P.O. shall not attract any charges.

Money At Call & Short Notice (CDR) :

(i) Rs.10/- per instrument upto Rs.10000/-
(ii) Above Rs.10000/- - No charges.

Commission On Guarantees

2% shall be charged on the amount of Guarantee issued.

Note : At the time of renewal of said Guarantee, commission @1.5% shall be charged on the amount of gurantee issued.

Ledger Folio Charges (Incidental)

Current Deposit Accounts :

(i) Levy charges Rs. 25/- per transaction shall be charged on account of default in non maintenance of minimum balance i.e. Rs.3000/- is required to be maintained by account holders in the city branches/Ext. counters and Rs.1500/- is required to be maintained by account holders at R.S.Pura, Vijaypur, and Akhnoor Branch.
(ii) Incidental charges Rs.30/- per folio (one side of Ledger page containing approximately 40 entries.
Note : For accounts maintained on computers, 40 entries or thereof to be treated as one folio.

Borrowal Accounts : (Cash Credit/Secured overdraft Accounts )

Half yearly charges of Rs.30/- per folio subject to minimum of Rs.30/-

These charges are not applicable to Saving Bank and Demand Loan accounts.

Saving Bank Accounts :

Levy charges of Rs.50/- per month shall be charged on account for default in non maintenance of minimum balance i.e. Rs.500/- is required to be maintained in account with cheque book facility and Rs.300/- is required to be maintained in account without cheque book facility.

Incidental charges on inoperative Saving Bank accounts.
(i) If the balance is below Rs.300/- Rs.25/- per year levied but more than Rs.50/- under advice to the account
holder at his last recorded address.
(ii) If the balance is below Rs.50/- Account to be closed under advice to account holder at his last recorded
address.

Other Service Charges

Rent On Lockers :

Rs.300/- per locker per year.

Note: Rs.8000/- as security deposit in the shape of FDR for 3 years to yield the annual rent.

Stop Payment Instructions :

(i) Rs.20/- per instrument for all types of accounts .
(ii) Rs.60/- per document for stop payment of Demand Draft.

Duplicate Statements/Pass Books :

Manual branches passbook with latest balance only Rs.20/- per pass book. Charges for previous entries Rs20/-per ledger page or part thereof.Rs.25/- per pass book at computerized branches recording latest outstanding balances only. Charges for previous entries, if required @ Rs.25/- per ledger page or part thereof.
(For accounts maintained on computer 40 entries or part thereof to be treated as one ledger page.)

Standing Instructions :

(i) At computerized branches Rs.15/- per transaction.
ii Other branches Rs.10/- per transaction.
iii Free transfer of installments from SB/CD A/c to RD/DL/SB/CD A/C within the same branch.

Issuance of Duplicate Instruments on execution of Indemnity Bond etc. :

(i) For issuing of duplicate Term Deposit Receipts Rs.10/- per instrument
(ii) For issuing duplicate demand drafts.
Up to Rs.5000/- Rs.20/- per instrument
Above Rs.5000/- Rs.30/- per instrument.

Revalidation of drafts :Rs.20/- per instrument.

Cancellation of Demand Drafts/Payment orders :

Rs.60/- per instrument for Demand drafts
Rs.20/- Per instrument for P.O.

Issue of Solvency Certificate :-

(i) Upto Rs.1.00lakh Rs.300/-
(ii) Above Rs.1.00Lakh To Rs.5.00Lakh Rs.500/-
(iii) Above Rs.5.00Lakh Rs1000/-

Issuance of Balance certificate/ No objection Certificate :-

Rs.20/- Per certificate.

Note : No charges for issue of Noc in favour of branches of our Banks.

Issuance of Application Forms :-

i) Membership Form Rs.20/-
(ii) Loan Application Form Rs.50/-

Note : No charges for issue of Nominal Membership Form.

Cheque Book Charges :-

Re 1/- per leave shall be charged on Current a/c,Cash credit a/c and Saving Bank a/c holders.

Processing Charges On Advances

Processing charges shall be recovered on all Loans & advances as under :-

(i) upto Rs. 25000/- No charges
(ii) Above Rs.25000 upto Rs.2.00 Lakh Rs.200/-
(iii) Above Rs.2.00Lakh Rs.200/- + Rs.150.00 per Lakh or part thereof subject to maximum of Rs.25000/-

Note :-

Amount of processing charges be credited to Misc. Income a/c.

Processing charges at the time of Renewals: -

Renewals upto Rs.0.50Lakh Rs.50/-
Renewals above Rs.0.50 Lakh upto
Rs.1.00 Lakh Rs.100/-
Renewals above Rs.1.00Lakh
upto Rs.2.00Lakh Rs.200/-
Renewals above Rs.2.00Lakh Rs.200/- + Rs.50/- per lac subject to maximum of Rs.15000/-

Note:-

If the enhancement allowed, the charges as applicable to new advance shall be recovered.