Revision/Rationalization of Service Charges in the Bank w.e.f 01.05.2022
Dear Customer, Bank has revised the service charges and will be effective from 01.05.2022. Charges quarterly in nature will be applicable from 01.07.2022. For April-June quarter 2022, existing charges shall be levied where ever periodicity is quarterly
General Banking Service Charges
- Transactions Entry Charges
- Stop Payment Instructions
- Issuance of Passbook/Statement
- Minimum Balance in Saving Accounts
- Minimum Balance Charges in Saving Accounts (revised charges are effective from 01.10.2022)
- Minimum Balance in Current Accounts
- Minimum Balance Charges in Current Accounts
- Minimum Balance Charges in Inoperative Accounts
- Account Closure Charges (revised charges are effective from 01.10.2022)
- Cash Handling Charges for Cash Deposit
- Cheque Book Charges
- Charges for Remittances through RTGS/NEFT
- Charges for Remittances through Demand Draft
- Concession for Issuance of Exchange Free Drafts
- Premier Saving and Current A/C
- Collection Charges
- Dishonor/Returning Charges of Cheques/Bills (revised charges are effective from 01.10.2022)
- Charges for Transfer of Funds within Bank (Inter-Sol Transfer of Funds)
- Cash Withdrawal Charges
- Safe Deposit Lockers/Safe Custody Charges (revised charges are effective from 01.10.2022)
- Doorstep Banking Service (For Senior Citizen, Differently abled Customers)
- Miscellaneous Charges
- Concessions
Anywhere Banking (Digital Channel) Service Charges
Service Charges for Credit/Advances
- Processing Charges
- Charges for Review of Term Loan Outstanding (other than Agriculture Advances)
- Consortium/Multiple Banking Arrangement as a Member Bank (revised charges are effective from 01.10.2022)
- Lead Bank Charges in Consortium Accounts as a Lead Bank
- Adhoc Sanction/ Temporary Limits/ Temporary Exceeding (TOD)
- Documentation Charges:
- Inspection Charges
- Periodicity of Inspection Charges
- Commitment Charges
- Revalidation/ Amendments /modification of sanction terms
- Issuance of NOC for ceding first/second charge /other purposes
- Issuance of any other certificate
- Issuance of Solvency Certificate
- For getting noted Bank’s lien on title deed/lease deed with State Industrial Corporation which leases out the land for industrial use to the borrower
- Pre-Payment Charges
- Charges related to Bills
- Miscellaneous Charges
Service Charges for Inland Letter of Credit
- Usance Charges
- Commitment Charges
- Reinstatement of Revolving LC
- Issuance of LC with 100% cash (liquid) margin/ Bank FDRs (revised charges are effective from 01.10.2022)
- Confirmation of LC
- Amendment in LC
- Advising of LC / Advising Amendment
- Transfer of LC
- Negotiation Charges
- Acceptance Charges
- Out of Pocket expenses
- Guaranteeing discrepancies in documents negotiated under LC
- Refund of Payment under Reserve
- Clean Payment Received Under LC
- Attestation of Commercial invoice subsequent to negotiation
- General Guidelines
Service Charges/Commission for Bank Guarantee
Service Charges – Forex Business
- EXPORTS – Bills Purchased/Discounted/Negotiated/Collection/Consignment Exports/ Advance Payment Basis
- Commission in Lieu of Exchange
- Certificates /Misc. work related to exports
- Letter of Credit –Exports
- Opening Letter of Credit – IMPORTS
- Amendment to Import LC
- Countersigning/ Co-Acceptance/ Availment of Import Bill Drawn on Importers
- Commission on Import Bills Under LC
- Commission on Import Bills not under LC
- Inward Remittances
- Outward Remittances
- Sale/Purchase of Foreign currency Traveler Cheques and Cash Currency
- GUARANTEES- In favour of Shipping Companies/ Agencies for Clearance of Goods Pending Production of Bill of Lading
- Guarantee for Project Exports
- Guarantees – Other than mentioned above
- Capital Account Transactions
- Miscellaneous Charges
Note: All service charges mentioned above are excluding of GST or any other taxes as applicable.
