Service Charges
Service Charges on Deposit and Other Ancillary Services 2023-24 - Revision w.e.f. 15-07-2023
Beneficiary
Same Bank
Other Bank
Mode of Registration
At Branch
Digital Modes
At Branch
Digital Modes
Registration of Standing Instruction
₹ 75 + GST per instance
Nil
₹ 150 + GST per instance
Nil
Execution of Standing Instruction
Nil
Nil
₹50/- + Actual Cost of Remittance + GST per instance
₹50/- + Actual Cost of Remittance + GST per instance
Failed/ Non-Execution of SI due to Insufficient Funds
₹ 100/- + GST per instance
₹ 100/- + GST per instance
₹ 100/- + GST per instance
₹ 100/- + GST per instance
Note: -1. No charges to be levied for Registration of SI for
Crediting Loan & RD Instalment and self accounts
2. No Standing Instruction Charges for Staff/Ex-Staff
Notice: One Time Mandate Registration Charge for authorization of Inward Mandate of Customers amounting to Rs.150/- plus GST shall be effective from 11th October, 2023.
Service Charges on Advances other than Priority Sector & Retail Segment w.e.f. 01-05-2016 ( as per Circular No. CHO/Corp Credit /01/2016-17
| Sr.No. | Particulars | Revised Service Charge (Inclusive GST @ 18.00%) |
| 1 | Pre Processing Charges | NIL. |
| However, actual charges for pulling CIBIL report etc to be recovered before sending NBC proposals at all levels except for NBC proposals of PSUs/AAA rated companies | ||
| 2 | Processing Charges for WC ( Funded & Non Funded Limit):- , STL & other types of NPS advances (other than TL & DPG)) |
For Sanction/ Renewal For WC Funded & Non Funded Up to Rs 25000/-: NIL >Rs 25000/- : Rs 413/Lac and part thereof, subject to Min. Rs.1031.00 Max: Rs 77.30 lac For Short Term Loan (up to 3 years) having Limit > Rs 25000/- 0.52% of the limit Min : Rs 1031/- Max: Rs 25.77 Lac |
| 3 | Adhoc Sanction | For irrespective of Limit: Normal processing Charges of regular WC limit for the period of sanction on pro-rata basis till adjustment ( Min. charges for 3 months) |
| 4 | Processing fee for TL & DPG | Up to Rs 25000/- : NIL >Rs 25000/- : 1.19% Min: Rs 619/- Max Rs 3.87 Cr. |
| 5 | Review Charge for TL (including Corporate Loan) |
Up to Rs 25000/- : NIL >Rs.25000/-: Rs. 181/- per Lac and part thereof Min Rs. 619/- & Max Rs. 1.04 Lac. |
| 6 | Documentation Charges (For all limits (FB+NFB) including Demand, Adhoc, regular etc. where documents are obtained as per guidelines) | Up to Rs 1.00 Lac : NIL >Rs 1 Lac – to Rs 10 Lac: Rs 1546/- flat. >Rs 10 Lac to Rs 1 Cr. – Rs 15459/- >Rs 1.00 Cr. : Rs. 30,918/- flat. Or actual charges in case of charges paid to Security Trustee. |
| 7 | Mortgage Charges (on FB + NFB limit) (Excluding retail & PS advances) | Up to Rs 1.00 Lac : NIL >Rs 1 Lac – to Rs 10 Lac: Rs 1546/- Flat. >Rs 10 Lac to Rs 1 Cr. – Rs 15459/- >Rs 1.00 Cr. : Rs 30,917/- flat. However, Charges for creation of mortgage will be calculated on the amount of loan (FB + NFB limit) & not on the value of property. Further Cost of Stamp & other expenses will be borne by the borrower separately. Mortgage Charges in case of Supplementary mortgage should be realized at rate of 50% of normal charges. Actual charges including registry under CERSAI to be levied from Borrower. |
| 8 | Lead Bank Charges | In case of WC limit (FB + NFB):- Upto Rs. 100 Cr. : @0.31% subject to a min Rs 5.16 Lac & Max. Rs 30.92 lac. Above Rs 100 Cr. : @ 0.31% subject to a Min: Rs 30.92 Lac Max Rs 51.53 lac In case of WC limit. Lead bank charges to be recovered on total accessed limit for the consortium at the time of sanction. In case of subsequent renewal/enhancement, 75% of normal charges on entire assessed limit to be recovered. In case of TL(recoverable at the time of original assessment on the total loan amount for the consortium and not on subsequent annual review of same TL) Up to Rs. 100 CR : Rs 5.67 Lac >Rs 100 Cr: Rs 11.34 Lac. In case of sick units/restructuring, 0.18% of the aggregate funded limit ( Both WC & TL). Max: Rs 34.01 Lac. |
| 9 | Inspection Charges | Up to Rs 2 Lac : NIL >Rs. 2 Lac & up to Rs 25 Lakhs: Rs 1,031/- per inspection + actual expenses. > Rs. 25 Lac & up to Rs 10 Cr.: Rs 2,577/- (per visit) + actual expenses. >Rs 10 Cr: Rs. 10306/- (per visit)+actual expenses. Max: Rs. 25765/- per annum +actual expenses. Inspection for WC limit & TL to be done as per extant guidelines of the bank. |
| 10 | Supervision Charges (Applicable for Rs 1.00 Cr & above) |
Rs 3,607/- per half year. |
| 11 | Modifications of terms & conditions of sanction ( For Corporate Borrowers) | Up to Rs 1.00 Cr. : Rs 1,546/- per modification. Max: Rs 5,153/- >Rs 1Cr. : Rs 30,917/- per modification. Max. Rs. 1.03 Lac. |
| 12 | Revalidation Charges: (In addition to normal processing charges) – For Corporate Borrowers | 50% of regular processing charges. Maximum Rs. 1.29 Lac. |
| 13 | Prepayment Charges on Term Loan | To all standard TL/STL with residual maturity of > 1 yr & having exposure of > Rs 5 Cr. For TL: 1.03% of amount to be prepaid For STL (up to 3 Yrs): 0.52% of amount to be prepaid. |
| 14 | Issuance of NOC (For Corporate Borrowers) | Up to Rs 25 Cr: Rs 61835/- per NOC. Max: Rs 1.24 Lac. >Rs 25 Cr: Rs 61835/- per Occasion. Max: Rs 2.06 Lac. |
| 15 | Commitment Charges | Up to Rs 1 Crore : NIL Where average availment of fund based credit during a month is less than 70% of the limit sanctioned, commitment charges @ 1/12th percent on the unutilized limit shall be levied for that month. |
| 16 | Ear marking of Limits sanctioned by us & to be availed by the Borrower from other Bank | 1.45% per annum will be levied on quarterly basis i.e. 0.35% per quarter. |
| 17 | Penal charges for deferred drawal in case of term loan | 0.11% per month on the drawings not made on the scheduled date for the delayed drawing |
| 18 | Loan syndication charges | 1.21% of the debt syndicated upto Rs 25 Crores. 0.62% of the debt syndicated for above Rs 25 Crore (Min Rs. 28.86 Lacs) |
| 19 | Parting of process note for filing with SEBI for IPO or any similar purpose | Rs. 6.30 Lakh |
| 20 | Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise | (Applicable for all cases where sanctioned loan/limit/disbursed amount is above Rs 5.00 Lacs) NPA a/cs where terms of compromise are strictly adhered to: Rs 1050/- per certificate. NPA a/cs where repayment is not received as per original schedule/failed compromise is revived: Rs. 2100/- per certificate. |
| 21 | Issuance of No dues certificate for NPS loans (other than small & marginal farmer, share cropper and like.) | Rs. 47/- per certificate. |
| Service Charges in Retail Loan Schemes w.e.f. 15.05.2018 | ||
| Sl. No. | Scheme | Existing Charges |
| 1 | UCO Home Loan | Processing Charges |
| 0.50%, Minimum Rs. 1500/- Maximum Rs. 15000/- & No charges for Take over Loans | ||
| Documentation Charges : NIL | ||
| CIBIL – Report Pulling Charges: NIL | ||
| Inspection Charges: NIL | ||
| 2 | UCO Cash | Processing Charges |
| 1% Minimum Rs. 750/- | ||
| 3 | UCO Car | Processing Charges |
| 1% Maximum Rs. 1500/- | ||
| 4 | UCO Education | Processing Charges: NIL |
| 5 | UCO Gold (Retail) | For Priority Sector |
| Upto Rs. 10 lacs: Rs. 250/- | ||
| Above Rs. 10 lacs: Rs. 500/- | ||
| For Non-priority Sector | ||
| Upto Rs. 5 lac: Rs 500/- | ||
| Above Rs. 5 lac to Rs. 10 lac: Rs. 1000/- | ||
| Above Rs. 10 lac: @0.20% on quantum of loan subject to a maximum of Rs.5000/- | ||
| 6 | UCO Pensioner | Processing Charges: NIL |
| 7 | UCO Property | Processing Charges |
| For Term-loan: 1% of loan amount at the time of sanction. | ||
| For CC/OD: 0.5% of loan amount at the time of sanction. | ||
| Renewal Charges | ||
| 0.50% every year subject to maximum of Rs.15000/- | ||
| 8 | UCO Two Wheeler | Processing Charges |
| 1% of loan amount with a minimum Rs. 500/-. | ||
| 9 | UCO Doctor | Processing Charges |
| 1% of loan amount plus tax (minimum Rs.1000/-) | ||
| 10 | UCO Shopper | Processing Charges |
| 1% of loan amount plus tax (minimum Rs.1000/-) | ||
| 11 | UCO CA Loan | Processing Charges |
| 0.50% of total loan sanctioned subject to a minimum of Rs.2000/- | ||
| 12 | UCO Swabhiman | Processing Charges |
| 0.25% of loan amount. | ||
| 13 | UCO Securities | Processing Charges |
| Rs. 250/- per case | ||
| 14 | UCO Rent | Processing Charges |
| 1% of the sanctioned loan amount. with a maximum of Rs. 2.00 lacs. | ||
| Review on run down Balance | ||
| Rs. 225.00 per lac, Min. Rs.250.00, Max.Rs.56000.00 | ||
| Documentation Charges for all above schemes except Home Loan Scheme | ||
| 15 | Amount of Advance | Revised Charges (Excluding GST) |
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- Up to Rs.2 lacs | Rs. 350/- | |
| Above Rs.2 lacs upto Rs.5 lacs | Rs. 1500/- | |
| Above Rs.5 lacs upto Rs.10 lacs | Rs. 2200/- | |
| Above Rs.10 lacs upto Rs.25 lacs | Rs. 2500/- | |
| Above Rs.25 lacs upto Rs.50 lacs | Rs. 4500/- | |
| Above Rs.50 lacs upto Rs.5 crores | Rs. 6000/- | |
| Above Rs.5 crores | Rs. 15000/- | |
| Note: GST on all the above mentioned charges to be levied as per govt. guidelines from time to time. | ||
Revised Service Charges on Bank Guarantee and ILC w.e.f. 01-05-2016 ( as per Circular No. CHO/Corp Credit /01/2016-17
| Charges for Guarantee: | ||
| Commission for issuance of Guarantee (SFMs Charges, as applicable (at present Rs 119/- per transaction) to be recovered in addition to stipulated service charges) |
||
| Particulars | Revised Service Charge (inclusive of GST @ 18%) | |
| Performance Guarantee ( On the Guarantee amount & not on the limit sanctioned) | 2.06% Pa (Min for 2 quarters @ 1.03 %) Min- Rs 773/-. If the period of guarantee exceeds 12 months, for remaining period additional commission to be recovered @ 0.52% per quarter or part thereof, Min Rs. 387/-. In addition to above actual SFMS charges to be recovered. | |
| Other Guarantee (Including financial guarantees (On the Guarantee amount & not on the limit sanctioned) | 3.10% Pa (Min for 2 quarters @ 1.55%); Minimum Amount Rs 1546/-, If the period of guarantee exceeds 12 months, for remaining period additional commission to be recovered @ 0.78% per quarter or part thereof, Min Rs 773/-. In addition to above actual SFMS charges to be recovered. |
|
| Renewal/ Extension of Guarantee | Same as above, except that the claim period is not changed for, if the renewal is affected before the expiry date of original guarantee. | |
| Refund of Guarantee Commission | No refund if the purpose of Guarantee was issued and original guarantee is returned for cancellation before expiry date. If the purpose for which guarantee was issued is not served, 50% of original rate for the unexpired period less one qtr will be refunded. If Guarantee with an unexpired period of 10 months is tendered for cancellation; refund will be calculated for 7 months @ 0.50% of original commission. | |
| Guarantee secured by 100% deposit | 25% of normal commission. (Min Rs 207/-) | |
| Charges for Inland Letter of Credit (SFMS charges, as applicable (at present Rs. 119/- per transaction) to recovered in addition to stipulated service charges.) |
|
| Particulars | Revised Service Charge (inclusive of GST @18%) |
| LC Opening Charges | Following charges with a min. of Rs 773/- should be levied. a) Usance Charge: 2.06% pa for the usance period (complete month or part thereof, Min 1 month charges), and b) Commitment Charge: For the period of liability (date of opening of credit to the last date of validity) @ 1.14% pa with a minimum period of 1 month or part there of. In addition to above actual SFMS charges to be recovered. |
| Extension of Validity Period | Same as opening subject to Min. Rs 1546/-, if such extension run to next month or more. In addition to above actual SFMS charges to be recovered. |
| Increase in amount of LC | Both Usance and commitment charge on additional amount at applicable rate with a minimum charge of Rs 1546/-. In addition to above actual SFMS charges to be recovered. |
| Other Amendments | Flat commission of Rs 825/- per occasion. In addition to above actual SFMS charges to be recovered. |
| Advising of LCs opened by correspondent Bank | Rs 825/- In addition to above actual SFMS charges to be recovered. |
| Advising of Amendments | Rs 516/- per amendments In addition to above actual SFMS charges to be recovered. |
| Confirmation of LCs | As applicable to LC opening charges( both commitment & Usance charges In addition to above actual SFMS charges to be recovered. |
| Transfer Charge (Advice of transfer in transferable LC) | Rs 825/- per advice of transfer. In addition to above actual SFMS charges to be recovered. |
| Acceptance Commission | 2.37% of the Bill amount (Min. Rs 825/-) on all LCs established by other banks calling for usance drafts to be drawn on and accepted by our Bank. |
| Negotiation charges ( in addition to interest from d/o negotiation to d/o reimbursement) | For bills up to Rs 2.50 Lacs -0.52 % (Min Rs 825/-) + Out of Pocket expenses. >2.50 Lacs -0.31% (Min Rs 1752/-) + Out of pocket expenses + discount at applicable rate of interest from d/o negotiation to the d/o reimbursement. (1. Negotiation charges and interest thereon are to be collected for the LCs established by other banks. In such case, collection charges should not be levied. 2. In case of LCs established by our Bank branches, only collection charges are to be collected and interest as per existing guidelines to be collected for the usance period. In case of sight documents, interest for a maximum period of 15 days should be collected subject to Min 825/-). |
| Guarantees on account of discrepancies in documents under LC | If payment received under reserve is credited to beneficiary’s account:0.31% with a min of Rs 825/-. If payment received under reserve at the request of the customer is not parted with – No charges*. |
| *Note: When called upon to refund payment made to them under reserve, Bank’s will pay to the negotiating Bank the face value of the bill together with interest at the commercial rate of the negotiating Bank plus charges. Interest/charges, if any would be for customer’s account. | |
| Clean payment received under LC | Rs 258/- flat to Beneficiary’s account. |
| Charges for issuance of certificate to beneficiary/certifying/attestation of invoices subsequent to negotiation. | No charge for attestation of commercial invoices at the time of negotiation/collection. On subsequent occasions, Rs 103/- per invoice. |
| LC secured by 100% cash margin/term deposit of our Bank. | 25% of normal charges in respect of LC opening charges subject to a min. of Rs. 825/-. |
| Bills received under LC/Retirement of Bill under LCs | NIL |
| Revolving LCs | Same as per LC opening charges (Usance + Commitment) + on each reinstatement, usance charges @ 2.38% pa according to tenor and commitment charge of 1.19% pa on reinstated amount. |
| PART - IV | |||
| Schedule of Revised Service Charges on External Trade/Forex Business | |||
| (Inclusive of all taxes) | |||
| Revised Charges (inclusive of Goods and Services Tax)* | |||
| Description | |||
| EXPORTS | |||
| Foreign Currency Credit (PCFC/EBR) | As per RBI directive, no charge except recovery of out of pocket expenses incurred. Branch should realize actual out of pocket expenses incurred, as informed by Treasury Branch, Mumbai. Out of Pocket expenses are worked out by Treasury Branch at the time of handling transaction, which should be informed to the branch concerned. | ||
| For each foreign currency & rupee bill Purchased/ Negotiated | 0.15%, subject to Minimum Rs.509/- and Maximum Rs.6112/- |
||
| Concerned sanctioning autthorities, in deserving cases, may reduce the maximum charges to Rs. 4,075/- the reason for allowing the concessions are to be duly recorded. | |||
| Forwarding export document to another AD to whom LC is restricted/LC is confirmed by the latter. | 0.143% subject to Minimum Rs.377/- and Maximum Rs. 5603/- | ||
| [Regional Managers, in deserving cases, may reduce the maximum charges to Rs.3,370/-, the reasons for allowing the concession are to be duly recorded] | |||
| Reimbursement charges under LC Negotiated up to Rs. 5 lacs Over Rs. 5 lacs |
Rs. 866/- Rs.1146/- |
||
| Joining in customer guarantees/ indemnities on behalf of customers to other banks in India in respect of discrepancies in documents negotiated under credit. | 0.10 % Minimum Rs.306/- | ||
| In case of overdue export bills purchased / discounted/ negotiated where proceeds are not received in nostro account on or before the due date. | |||
| Negotiated upto Rs. 2 lacs | Rs.356/- per quarter or part thereof per bill. | ||
| Over Rs.2 lacs | Rs.688/- per quarter or part thereof per bill. | ||
| EXPORT BILL FOR COLLECTION | |||
| Export Collection Bills sent through us | 0.15% (Minimum Rs.400/-, Maximum Rs.7500/-) | ||
| Where permitted by RBI, when the entire set of export documents have been sent by the exporter directly to the overseas buyer | 0.10% (Minimum Rs.586/-, Maximum Rs.5,705/-) | ||
| In case of overdue bills sent on collection where the proceeds are not received in India on or before the due date, additional commission shall be charged as : | |||
| Upto 2 lacs | Rs. 300/- per quarter or part thereof | ||
| Over Rs. 2 lacs | Rs. 300/- per quarter or part thereof | ||
| (Not applicable in case of bills drawn on countries with externalisation problems but paid in local currency and the exporter has obtained necessary approval from Reserve Bank of India for extension) | |||
| Where bank charges are to be recovered from the drawee but are refused by them. | Such charges are to be recovered from drawer. | ||
| COMMISSION IN LIEU OF EXCHANGE | |||
| Where preshipment advance has been granted by an Authorised Dealer against a letter of credit / export order but the documents under the relative letter of credit/export order are negotiated through another bank. | 0.10% (Minimum Rs. 357/-) |
||
| Where the proceeds of an export bill negotiated by an authorized dealer are paid in foreign currencies to another Authorized Dealer. | 0.17% (Minimum Rs 586/-) |
||
| Where an export bill sent for collection abroad by one Authorised Dealer but the payment is received in Rupees through another Authorised Dealer in India. | 0.17% (Minimum Rs 586/-) |
||
| Where an export bill is negotiated/ purchased/sent for collection and the proceeds thereof are credited to foreign currency (EEFC) account in part or in full, on the foreign currency amount credited to EEFC account. | 0.17% (If money is kept with us, no charges will be levied.) |
||
| Any export bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. | 0.17% (Minimum Rs 586/-) |
||
| Deemed export bills in foreign currency as defined by Reserve Bank of India/Exim Policy from time to time. | 0.17% (Minimum Rs 586/-) |
||
| Advising Letters of Credit | Rs.586/- for customers | ||
| Rs.1121/- for non customers | No change | ||
| Advising Amendment | Rs. 357/- for customers | ||
| for non customers Rs. 586/- | No change | ||
| Confirmation charges | |||
| Commitment Charges | 0.19% for every quarter or part thereof | ||
| Usance charges | 0.17% per month or part thereof for bills upto one month | ||
| 0.28% for bills more than one month and upto three months | |||
| 0.35% for first three months + 0.10% per month in excess of three months for bills over three months. | |||
| For individual transaction above Rs. 3 crores, charges will be 1/4th of the normal charges on the incremental amount above Rs 3 crores.(25% concession may be given to customers rated ‘A’ & above for amount upto Rs 3 Crores) | |||
| Transfer of LC | Rs. 586/-for each transfer | ||
| Rs. 357/- for each amendment | No change | ||
| Acceptance commission for accepting drafts drawn on and accepted by the Banks in India | 0.17% p.m. | ||
| Issuance of Certificate / Attestation in respect of Export transaction. | Rs 150/- per documents. Rs 150/- per invoice (in excess of five). | ||
| IMPORT | |||
| Opening of LC including Stand by LC | |||
| Commitment Charges | Upto Rs.5 Crores:- 0.15% for every quarter or part thereof for the full validity of the credit ( Minimum Rs. 1000/-) Note: If the amount is more than Rs 5 Crores but less than Rs.20 Crores:- Full charges upto Rs. 5 crores + one half of charges for amount exceeding Rs 5 Crores and upto Rs. 20 crores. If the amount is more than Rs 20 Crores charges will be as applicable upto Rs. 20 crores + one fourth of charges exceeding Rs. 20 crores. |
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| Usance charges : For the purpose of levying commitment and usance charges, the total amount committed inclusive of interest amount and tolerance level shall be reckoned. | Upto Rs.5 Crores:- 0.175% upto 10 days sight( Minimum Rs. 1000/-) . 0.35% over 10 days and up to 3 months sight( Minimum Rs. 1000/-). 0.35% for the first three months plus 0.10% for month in excess of three months for over 3 months sight. |
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| 0.40% for bills over 10 days and up to 3 months sight |
|||
| 0.40% for the first three months plus 0.1% for month in excess of three months for bills over 3 months sight | |||
| NOTE:- For Sight LC only commitment charge is to be taken, but for Usance LC both commitment and usance charges are to be taken. | For amount exceeding Rs. 5 Crores and upto Rs. 20 Crores -Full Charges upto Rs. 5 Crores + one half of charges for amount exceeding Rs. 5 Crores. For amount exceeding Rs. 20 Crores, the charges as applicable up to Rs. 20 Crores + one fourth of charges exceeding Rs. 20 Crores. In case of L/C established against 100% cash/FDR as security ,charges will be 25 % of the normal charge. |
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| Bills not covered by LC payments which will be settled out of currency Loans arranged abroad or foreign currency accounts(EEFC) |
0.20% Minimum Rs. 1019/- |
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| Amendment to LC | |||
| Extension of validity of LC within 3 months period for which the commitment charge has already been collected. | Rs 586/- | ||
| Amendment extending the validity of the LC beyond a 3 month period | Fresh commitment charge at the applicable rate per quarter or part thereof shall be recovered subject to a minimum of Rs. 586/- | ||
| Amendment of value of LC | Both commitment and usance charges are to be recovered for the additional amount. | ||
| Amendment for altering tenor of the bill | Additional usance charges to be collected as appropriate on the outstanding liability. | ||
| Amendment to a LC other than extension of its validity or enhancement of its value | Rs. 306/- | ||
| Revival of expired LC within 3 months from the date of expiry. | Usance charges + commitment charge from the date of original expiry upto the new validity period of the revived LC. | ||
| Stand by Letter of Credit | As per LC Charges | ||
| REVOLVING LETTER OF CREDIT | |||
| Commitment charges | Same as applicable to opening of LC including standby LC. | ||
| Usance charge | |||
| Reinstatement charges,Commitment charges and Usange Charges | |||
| Deferred Payment LCs | |||
| DEFERRED IMPORTS | |||
| LCs covering deferred import of goods | 0.25 % per quarter or part thereof | ||
| The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. | |||
| Extending validity within 3 months for which commission is already taken where validity period falls beyond 3 months. | Amendment commission of Rs. 509/- For any amendment extending the validity of the Letter of credit beyond 3 months period, commission at the applicable rate shall be recovered. | ||
| Commission on Import Bills under LCs: | |||
| Foreign currency bill at the time of crystallization or retirement, whichever is earlier. | 0.15% (Minimum Rs. 1000/-) 0.15% upto Rs 1 crore. 0.08%>1crore upto 3 crores. 0.04%> Rs. 3 crores upto 5 crores. 0.02% >5 crores. | ||
| Import bill received under LC on which no exchange benefit accrues to the opening bank including cases where contract is booked with another AD. | 0.17% (Minimum Rs. 856/-) | ||
| If the bill is not retired within 10 days from the date of receipt of bills in case of demand bill and on the due date in case of usance bill. | Additional 0.17% | ||
| Charge in respect of discrepant document received under LC | USD 51/- | ||
| Rupee Bill | 0.25% Minimum Rs. 1000/-. | ||
| Commission on Import Bills (not under LC) | |||
| On each bill drawn in Foreign currency, on which the collecting bank earns exchange benefit. | 0.15% (Minimum Rs. 500/- and Maximum Rs. 10,000/-) | ||
| On Rupee import bills and in each bill drawn in foreign currency on which no exchange margin is earned. | 0.30% with a minimum of Rs. 1,000/- and a maximum of Rs. 50,000/-. | ||
| Any other type of Import bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. | 0.10% (Minimum Rs. 866/-) | ||
| On collection bills document covering project imports under inter-governmental aid nature (including those financed by international agencies like World Bank, IMF, ADB etc.) where no LC is opened. | 0.03183% | ||
| Import bills directly received by the importer | 0.05% subject to minimum of Rs. 1,000/- and maximum of Rs. 12000/- | ||
| Countersigning/co-acceptance of import bill for counter signing, co-acceptance or validation of approved bills of exchange. | 0.10% p.m. with a minimum of 0.28%. | ||
| COMMISSION IN LIEU OF EXCHANGE | |||
| In respect of LCs established, payments of which are settled out of foreign currency loans arrange abroad or Foreign Currency accounts (EEFC) | 0.10% (Minimum Rs. 586/-) | ||
| Bills not covered by LC payments which will be settled out of Foreign currency loans arranged abroad or Foreign currency account (EEFC) | 0.20% Minimum Rs.1019/- | ||
| MISCELLENEOUS | |||
| Request for bills proceed to be remitted in a currency other than currency of the bills | NA | ||
| Custody charges for overdue bills | Rs. 509/- per quarter or part thereof |
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| MERCHANTING TRADE | |||
| If foreign currency remittances are received in advance from the overseas buyer and the foreign currency funds are held in Nostro Accounts at the specific request of the merchant trade customer. | Comm. @0.20% on each transaction. Bank shall not pay intt. On such advance remittance or not grant Rupee advance against foreign currency funds thus received |
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| INWARD REMITTANCES | |||
| Encashment of TT/MT/DD, cover for which has been received. | Current TT buying rate plus handling charges as under: i) NRE a/c - No commission to be charged if proceeds deposited to NRE accounts with us. ii) Advance payment against export bills: up to Rs 5 Lacs: @ 0.15% of the amount with a minimum of Rs. 300/- and maximum of Rs600/- Above Rs 5 Lacs: @ 0.15% of the amount with a minimum of Rs. 600/- and maximum of Rs1000/- iii)All Others: Up to Rs. 50,000/- Minimum Rs. 100/- Above Rs. 50,000/- 0.15% of the amount with a minimum of Rs. 100/- and maximum Rs 600/- ( including cost of FIRC) |
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| Encashment of TT /MT/DD, cover for which has not been received | TT buying rate plus exchange margin of 0.125% Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days Commission: Rs.102/- for inward remittance upto Rs.100,000/- and Rs.204/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| Customer personal cheque IMO/PO payable abroad | TT buying rate plus exchange margin of 0.125% Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days Commission: Rs.102/- for inward remittance upto Rs.100,000/- and Rs.204/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| CLEAN PAYMENT | |||
| Effected under the instruction of Foreign Correspondent where exchange benefit accrues to us. | Commission:- Rs.112/- for inward remittance upto Rs.100,000/- and Rs.255/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| Where inward remittances has to be effected in foreign currency by way of DD/PO/TT | 0.10% Minimum Rs. 100/- and Maximum Rs 5,000/- | ||
| CLEAN INSTRUMENT | |||
| Clean instrument sent for collection on all clean instrument sent abroad | 0.17% minimum Rs. 204/- and maximum Rs. 5705/- | ||
| CERTIFICATE | |||
| For inward transactions | Rs. 229/- | ||
| For clean remittances | |||
| For encashment of TT / Cheques | |||
| Currency Notes | |||
| OUTWARD REMITTANCES | |||
| Commission for all remittances other than import |
0.15% with Minimum RS 200/- ( No commission for our NRE/FCNR account holders ) | ||
| Letter of undertaking/ Letter of comfort for taking buyer's credit/Supplier's credit | 0.15% per month for specified period of liability (Minimum RS. 1000/- per guarantee) | ||
| Repayment of Trade credit (Buyer's credit /Supplier's Credit) | At 0.15 % ( With a maximum amount of Rs. 5000/-) | ||
| ISSUE OF FOREIGN CURRENCY TRAVELLERS CHQUES AND CURRENCY NOTES | |||
| Commission on rupee equivalent | 0.75% | ||
| Commission on foreign currency travellers cheques issued against foreign currency remittance received from abroad/ debited to EEFC a/c. | 0.25% | ||
| EEFC ACCOUNTS (Commission in lieu of Exchange) | |||
| Inward remittances -Where the proceeds is credited to EEFC account | Rs. 400/- | ||
| Where outward remittance is effected to the debit of EEFC account | 0.10% Minimum Rs. 100/- Maximum Rs. 7500/- | ||
| GUARANTEES | |||
| The following concessions may be given, in case of issuance of guarantee specified below: | |||
| 1. If the amount of guarantee is more than Rs 2 crores, normal charges upto Rs. 2 crores and 50% of the normal charges for the amount exceeding Rs. 2 crores. | |||
| 2. In case of guarantees (other than issued for project exports) issued against 100% cash deposit, 25% of the normal charges. | |||
| 3. In case of guarantees (other than issued for project exports) if issued against 100% counter guarantee of Govt. of India and guarantees issued on behalf of Central/State Govt. and corporation /Institutions/companies wholly owned by them, charges may be decided on case to case basis by a committee comprising of General Manager International and General Manager Credit. | |||
| 4. In case of guarantee backed by counter guarantee of reputed International bank 25% of the normal charges. | |||
| 5. The charges shall be collected on the specified period of liability of the guarantee. The specified period of liability shall mean the actual validity period for the guarantee plus the additional period during which claim can be made on the Bank under the guarantee. | |||
| Guarantee in favour of Shipping Companies/ Agencies for clearance of goods pending production of Bill of Lading. | |||
| A) Relating to imports under LCs opened by us. | Rs.255/- | ||
| Export Guarantees for Project Export - Bid Bond / Bonds for Earnest Money / Guarantee for Advance payment made by foreign buyer to Indian Exporters / Contractors | |||
| In case of guarantees covered by ECGC counter guarantee, Bank will collect commission as well as ECGC premium at applicable rates and remit collected premium to ECGC. | |||
| a) ECGC cover 75% 90% | |||
| b) ECGC Premium Actuals Actuals | |||
| c) Bank's commission 0.75% 0.60% | |||
| Total commission (b)+ (C) (b)+ (C) | |||
| In case of Guarantees issued against 100% counter guarantees of the government of india. Commission shall be charged @ 0.41% p.a. | |||
| In case of guarantees issued against cash deposits to the extent of Bank’s liabilities, commission shall be charged @ 0.31% p.a. minimum Rs. 1019/- |
|||
| In case of guarantees which are not covered by cash deposits or ECGC/GOVT OF INDIA counter guarantees, commission shall be charged @1.22% p.a. subject to minimum Rs. 1019/- | |||
| 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. However, if the bid gets frustrated, there will be no refund of that part of the commission collected. | |||
| EXPORT PERFORMANCE GUARANTEES : Bid Bond / Bonds for Earnest Money / Guarantee for Advance payment made by foreign buyer to Indian Exporters / Contractors | |||
| Gurantees covered by ECGC Counter guarantee where the cover is to the extend of 75% | 0.25% per quarter and part thereof ( Minimum Rs. 1000/-) + ECGC premium per guarantee | ||
| Where the cover is to the extend of 90% | 0.20% per quarter and part thereof ( Minimum Rs. 1000/-) + ECGC premium per guarantee | ||
| Deferred Payment Guarantee covering imports of goods into India / repayment of Foreign Currency Loan. | 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 | ||
| The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. | No change | ||
| All Other Guarantees. | 0.15% per month for the specified period of liability. | ||
| Where the guarantee period is less than two months, commission recoverable will be 0.25%. | No change | ||
| In case of early redemption of the guarantee after a period of 2 months, 50% of the commission for the unexpired period may be refunded at the discretion of the competent authority of the Bank who has sanctioned the facility. | No change | ||
| DEFERRED PAYMENT GUARANTEE | |||
| Where the entire DPG guarantee commission is collected upfront | The rate of commission and the rate of exchange (TT selling) prevailing as on the date of the DPG shall be applied. No further adjustment commission arising out of future revisions in the exchange rate shall be made. | ||
| Where deferred payment guarantee commission is recovered on instalment basis. | The rate of commission and the rate of exchange (TT selling) prevailing as on the date of recovery of each installment shall be applied. | ||
| In the event of early redemption of DPG | 50% of the Commission for the unexpired period of guarantee may be refunded subject to the condition that the original guarantee has been returned for cancellation or a confirmation has been received to the effect that there are no claims against the guarantee. | ||
| In the event of default of instalment | Interest shall be recovered at the domestic commercial rate of interest as prescribed by Reserve Bank of India from time to time from the date of default to the date of actual payment . | ||
| Where a DPG has been issued by an AD but the relative instalment payment is remitted through another AD. | The latter shall compensate the A.D. which had issued the guarantee 0.125% commission in lieu of exchange on the amount of remittance. | ||
| FORWARD CONTRACT | |||
| For each sale/purchase contract booking | Rs. 400/- per sale or purchase contract. | ||
| For early delivery/ cancellation. | Rs. 400/- per sale or purchase contract. | ||
| FOREIGN CURRENCY RUPEE OPTIONS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| CROSS-CURRENCY OPTIONS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| FRA/IRS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| OUT OF POCKET EXPENSES | Actuals to be recovered | ||
| OTHER CHARGES | |||
| Bank Realisation Certificate Charges, where advance remittance already received- called as M-Bill charges | INR.651/- per bill. | ||
| Follow up of Bill of Entry (BOE) | Rs. 250/- per quarter. | ||
| Approval for write off of Export Bill | Rs.1000/- per bill | ||
| Processing charges for any other application to RBI/Corresponding Bank Charges | Rs. 500/- | ||
| Issuance of GR waiver certificate | Rs 500/- per GR. | ||
| SWIFT charges | |||
| Per message | Minimum RS. 500.00 | ||
| Full text LC/LG/LOU | Rs 1500/- | ||
| *- In terms of Goods and Services Tax Introduced w.e.f 01.07.2017, GST will be payable on the service rendered by the Banks for purchase or sale of foreign currency. | |||
| Service Charges for MSME Advances w.e.f 15.05.2018 | ||
| Service Charge (Excluding GST) | ||
| 1 | PROCESSING CHARGES (for Advances other than Term Loan & DPG)* | |
| Amount of Advance | ||
| Upto Rs 5,00,000/- | Nil | |
| Above Rs.5, 00,000/- | Rs 350/- per lac (Minimum Rs 350/-) | |
| *Applicable for sanction of Short Term Loans upto 12 months. | ||
| 2 | RENEWAL CHARGES (for Advances other than Term Loan & DPG) | |
| Amount of Advance | ||
| Upto Rs 25000 | Nil | |
| Above Rs.25, 000/- | Rs. 350.00 per lac | |
| 3 | PROCESSING CHARGES FOR TERM LOANS & DPG | |
| I. | Fresh Term Loan/DPG sanctioned | |
| Amount of Advance | ||
| Upto Rs 5,00,000/- | Nil | |
| Above Rs.5, 00,000/- | 1.1236% of the Sanctioned limit | |
| Min Rs. 600.00 | ||
| II. | Review of Term Loan (On run down Balance) | |
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- | Rs. 120.00 per lac, Min. Rs.250.00 | |
| Max. Rs.55000.00 except Retail Credit | ||
| 4 | AD-HOC SANCTION CHARGES | |
| Amount of Ad-hoc | ||
| Upto Rs 5,00,000/- | NIL | |
| Above Rs.5, 00,000/- | Normal processing charges for the period of sanction on pro-rata basis (min. Charge for 3 months) | |
| 5 | DOCUMENTATION CHARGES: | |
| Amount of Advance | ||
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- and Up to Rs.2 lacs | Rs. 350.00 Per lakh (Minimum Rs 350/-) | |
| Above Rs.2 lacs upto Rs.5 lacs | Rs.1500.00 | |
| Above Rs.5 lacs upto Rs.10 lacs | Rs.2200.00 | |
| Above Rs.10 lacs upto Rs. 25 lacs | Rs.4500.00 | |
| Above Rs.25 lacs upto Rs.50 lacs | Rs.6000.00 | |
| Above Rs. 50 lacs upto Rs.5 Crore | Rs.6000.00 | |
| Above Rs 5 Crore | Rs 15000.00 | |
| 6 | Applicable for customers falling under MSME Category | |
| Issuance of NOC (per NOC) | Rs 600/- | |
| Modification of terms and conditions of sanction | Rs.600.00 per modification | |
| Revalidation of sanction | Applicable regular processing charges, subject to ceiling of Rs.5.00 lacs. | |
| 7 | MISCELLANEOUS CHARGES : | |
| Supervision Charges (Applicable to limits of Rs. 1 crore & above) | Rs.2950.00 half year | |
| 8 | Inspection Charges | |
| Amount of Advance | ||
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- upto 2 lacs | Rs.200.00 per inspection | |
| Above Rs.2 lacs up to Rs.5 lacs | Rs.300.00 per inspection | |
| Above Rs.5 lacs up to Rs.10 lacs | Rs. 300.00 per inspection | |
| Above Rs.10 lacs up to Rs.20 lacs | Rs.750.00 per inspection. | |
| Above Rs.20 lacs up to 25 lacs | Rs.750.00 per inspection. | |
| Above Rs.25 lacs up to 50 lacs | Rs.1200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs.50 lacs up to 100 lacs | Rs.3200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs.100 lacs up to 200 lacs | Rs.5200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs. 200 lacs | Same as above | |
| 9 | Issuance of no dues certificate (Priority Sector- MSME) | |
| No dues certificate | Rs.45.00 per certificate | |
| 10 | Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise ( Applicable in all cases where sanctioned loan/limit/disbursed amount is above Rs.5 lacs)- | |
| a. | NPA accounts where terms of compromise are strictly adhered to | Rs.1000.00 per certificate |
| b. | NPA accounts where repayment is not received as per original schedule/failed compromise is revived: | Rs.2000.00 per certificate |
| For ear-marking credit limits sanctioned by us and to be availed by the borrowers from other bank | The service charge of 1.20% per annum will be levied on quarterly basis i.e. 0.30% per quarter | |
| 11 | Commitment Charges : | |
| Commitment Charges : | Where average availment of fund based credit during a month is less than 70% of the limit sanctioned, commitment charges @1/12th percent on the unutilised limit shall be levied for that month. Service tax at applicable rate shall be added by branches to the commitment charges. (Being governed by Loan Policy Document and changes/ amendments as advised by Risk Management Dept.) | |
| 12 | Processing charges for MUDRA Loan under PMMY: | |
| Amount of Advance | Processing Charges | |
| Shishu – Up to Rs. 50,000/- | Nil | |
| Kishore –Above Rs. 50,000/- upto Rs.5 lac. | Nil | |
| Tarun – Above Rs.5 lac up to Rs.10 lac | Rs. 357 per lac. | |
| 13 | BANKS' SCHEME -PROCESSING CHARGE | Processing Charges |
| A. | UCO Roop Sangam | |
| Upto Rs. 500000/- | NIL | |
| Above Rs. 5 Lacs to 10 Lacs & upto Rs. 5.00 Lacs | Rs 350 per lakh | |
| B | UCO Bunkar Yojana | Processing Charges |
| Upto Rs. 50000/- | NIL | |
| Above Rs. 50000 & upto Rs. 5.00 Lacs | NIL | |
| C | UCO Trader | Processing Charges |
| Minimum-Rs 1000/- Maximum Rs. 20000/- (Rs Maximum Twenty Thousand Only) |
||
| FB – 0.50%, NFB – 0.25% | ||
| 14 | Review/Renewal Charges (UCO Trader): | |
| # Review/Renewal Charges (UCO Trader): as per point no. 2 and 3(ii) as above | ||
| The Processing charge,Documentation charge and Inspection charges for MSME products other than mentioned above will be applicable as per point no. 1-5 and 8. | ||
| * Note : All the Charges Mentioned above are excluding GST. | ||
| SERVICE CHARGES 2021 -22 (In Rupees) (Exclusive of Goods & Service Tax@ 18%) | ||||||
| A | BILLS, REMinANCES, DEPOSITS, LOCKERS & SAFE-CUSTODY OF ARTICLES | |||||
| 1 | Nature of Charge | Service Charges (Exclusive of Goods & Service Tax@ 18 %) |
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| a) Collection of Outstatlon Cheques | ||||||
| Amount of Cheque | ||||||
| Up to Rs.5,000/- | ₹ 25 + GST | |||||
| Above Rs.5000/- up to Rs. 10,000/- | ₹ 50 + GST | |||||
| Above Rs. 10,000 up to Rs.l lakh | ₹ 100 +GST | |||||
| Above Rs.l .00 iokh | ₹ 178 +GST | |||||
| 1. The above charges will be all inclusive. No additional charges i.e. courier charges, out of pocket expenses etc. should be levied to the customer. 2. In case of outstatlon cheques purchqsed and credited to customers account interest amount for the period bank remains out of fund shall be realized at the rate as per terms of sanction/clean OD rate asopplicable. Besides normal collection charge as per Item no.l shall be realized. In case of local cheques purchased, a flat rate of Rs.50/- per instrument shall be recovered. Branches should use electronic mode like RTGS/NEFT (whichever available) to remit proceeds to the collecting bank/branch. 3. In case of return of instant credit instrument unpaid the customer will not be charged any Interest from the date of immediate credit to the date of return of instrument unless the bank had remained out of fund due to withdrawal of fund. Interest wherever applicable would be charged on the notional over drawn balance in the account, had credit not been given initially. Interest shall be recoverable from the customer for the period the bank remained out of funds at the rate applicable for overdraft limit sanctioned for individual customer. In cose of loan/advance account the rote will be 2% per annum above the rate appllcabie to that credit facility. However, bank shall collect normal collection charges and out of pocket expenses as applicable. |
| b) Service (Processing) charges for clearing (Through clearing house) from member banks. | ||||||
| 1) System | Drawee Bank | Presenting Bank | ||||
| Clearing at MICR-CPCs | ₹ 1.28 + GST | ₹ 0.85 + GST | ||||
| Cheque Truncation | ₹ 0.85 + GST | ₹ 0.43 + GST | ||||
| 2)Collection of Bills* | ||||||
| Up to Rs. 10,000/- | ₹ 125 + GST per instrument + Out of Pocket Expenses | |||||
| Above Rs. 10.000/- | ₹ 13 + GST per ₹ 1000 or part thereof + Out of Pocket Expenses, Max. ₹ 27,000 + GST | |||||
| *(Charqes to be shared on a 50:50 basis by Drawee and Presenting bank plus out of pocket expenses.) | ||||||
| 2 | Handling Charges for Cheques/Bills returned unpaid (Per Instrument/Per Occasion) | |||||
| A) Cheques: | ||||||
| 2.1) Cheques returned unpaid - Outward | ||||||
| Cheques up to Rs. 1.00 lakh | Individual Account: - ₹ 225 + GST per Instrument + out of pocket expenses (for Senior Citizens 10% rebate) (No Change) Other A/cs: - 1250 + GST + out of pocket expenses per cheque /No Change) |
|||||
| Cheque above Rs. 1.00 Lakh up to Rs. 10.00 Lakh | ₹ 500 + GST | |||||
| Cheque above Rs. 10.00 Lakh up to Rs.100.00 Lakh | ||||||
| Cheque above Rs. 100.00 lakh | ₹ 900 + GST | |||||
| 2.2) Cheques returned unpaid - Inward | ||||||
| Cheques up to Rs. 1.00 lakh | ₹ 250 + GST | |||||
| Cheque above Rs. 1.00 Lakh up to Rs. 10.00 Lakh | ₹ 500 + GST | |||||
| Cheque above Rs. 10.00 Lakh up to Rs. 100.00 Lakh | ||||||
| Cheque above Rs. 100.00 lakh | ₹ 900 + GST | |||||
| Local cheques for presentation directly at the drawee bank | ₹ 225 + GST (For Senior Citizens, 10% rebate) + out of pocket expenses or 50 % of collection charges whichever is higher. | |||||
| Note: in Basic Savings Bank Accounts, charges for cheques returned unpaid shall be restricted to 25% of normal bank charges. | ||||||
| 2.3) Outstation Cheques returned unpaid | Per instrument 50% of collection charge, minimum ₹ 200 + GST | |||||
| 3 | BILLS | |||||
| Local/Outstation Bills returned unpaid | 50% of Collection Charge Min ₹ 260 + GST + returning charges /Pocket expenses) |
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| General Instructions: | ||||||
| a) Actual postage cost /telegram charges and other out of pocket expenses are to be recovered in addition to the prescribed charges. However, charges prescribed under "Collection of outstation cheques" (item 1 above) are inclusive of postal/courier charges etc. b) In case of cash transactions for collection of cheques/bills an additional charge of 30% over the prescribed rate to be charged. c) In case of cheques and bills collected through another bank, both banks should recover 50% of their respective collection charges. |
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| 4 | Other Charges | |||||
| 4.1) Charges for presentation of usance bill for acceptance | ₹ 111 + GST | |||||
| 4.2) Charges for change of instructions per occasion (for both usance and demand bill) |
₹ 111 + GST | |||||
| 4.3) Charges for storing Post Parcel (subject to availability of space). Size of each packet / box should not exceed 8000 cc |
₹ 47 + GST per item per day. Max. ₹ 933 + GST (to be returned after 25 days from due date) |
|||||
| 4.4) Charges for free delivery of documents (under collection of bills) or to be returned back as unrealized | Full commission as per collection of bills. Min. ₹ 111 + GST + out of pocket expense. |
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| 5 | Electronic Clearing Service (ECS/NACH) | |||||
| 5.1) Electronic Clearinq Service/NACH-Credit (For Individual: No charaes to individual beneficiaries account) | ||||||
| Electronic Clearing Service/NACH-Credit (For Corporate Bocies/lnstitutions) | ||||||
| Up to 10,000 entries per occasion | ₹ 4.24 + GST per entry + RBI/NPCI or destination bank charges if any | |||||
| Above 10,000 up to 1 lakh entries per occasion | ₹ 3.39 + GST per entry + RBI/NPCI or destination bank charges if any Min. ₹ 35602 + GST |
|||||
| Above 1 lakh entries per occasion | ₹ 3.39 + GST per entry + RBI/NPCI or destination bank charges if any Min. ₹ 267000 +GST |
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| 5.2) Electronic Clearing Service/NACH-Debit | ||||||
| ECS/NACH Charges for debit clearing (Only for Corporate Bodies/Institutions) | Debit Clearing; ₹ 3.39 + GST per transactions + RBI/NPCI or destination bank Charges, if any, Min ₹ 2450 + GST |
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| 5.3) Electronic Clearing Service/NACH-Debit Return charges (ECS/NACH Return for insufficient funds) | ||||||
| Amount up to Rs. 1.00 lakh | ₹ 250 + GST | |||||
| Above Rs. 1.00 lakh up to Rs. 10.00 lakh | ₹ 250 + GST | |||||
| Above Rs. 10.00 lakh up to Rs. 100.00 lakh | ₹ 250 + GST | |||||
| Above Rs. 100.00 lakh | ₹ 250 + GST | |||||
| Note: No ECS/NACH charges to be levied in respect of Income Tax refund orders as per extant RBI directives. RBI charges if applicable shall also be loaded to above charges. | ||||||
| 5.4) ECS Charges for sponsor Bank, Destination Bank, and / or RBI/NPCI | ||||||
| Sponsor Bank, RBI or Destination Bank Charges, if any, Min. ₹ 2848 + GST | ||||||
| Charge payable to Destination Bank and/or RBI on actual basis i.e. as waive/by the guidelines of RBI. | ||||||
| 6 | Remittances | |||||
| 6.1) Issuance of Demand Draft/PO-Against tender of Cash (Restricted to amount less than Rs. 50.000/-) |
Additional 50% over the normal charges to non-customers & 30% to the customers shall be levied. | |||||
| 6.2) Issuance of demand Draft/PO - Other than against tenrer of Cash | ||||||
| Up to Rs. 10000/- | ₹ 40 + GST per instrument | |||||
| Above Rs. 10000/- | ₹ 5 + GST per thousand or part thereof Min. ₹ 60 + GST Max. ₹ 21155 + GST |
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| 6.3) a) Issuance of Duplicate DD/Pay Order | ₹ 150 + GST per Instrument | |||||
| b) Revalidation of DD/Pay Order | ||||||
| c) Cancellation of DD/Pay Order | ||||||
| Note: It DD/PO amount is less than Rs. 150/-then 50% of value shall be levied as Bank Charges tor the Service mentioned under point no. 6.3) o/b/c. | ||||||
| 6.4) Remittance through Electronic Mode- NEFT/RTGS: Inward Charges: Free | ||||||
| 6.5) Remittance through Electronic Mode- NEFT/RTGS: Outward Charges | ||||||
| 6.5: a) RTGS | ||||||
| RTGS for Rs. 2 Lakh to Rs. 5 Lakh | Branch Window / Alternative Delivery Channel : ₹ 24.50 + GST per transaction | |||||
| RTGS above Rs. 5 Lakh | Branch Window / Alternative Delivery Channel : ₹ 49.50 + GST per transaction | |||||
| 6.5 b) NEFT | ||||||
| Up to Rs. 10.000/- | ₹ 2.25 + GST per transaction | |||||
| Above Rs. 10,000 to Rs. 1 Lakh | ₹ 4.75 + GST per transaction | |||||
| Above Rs. 1 Lakh up to Rs. 2 Lakh | ₹ 14.75 + GST per transaction | |||||
| Above Rs. 2.00 lakh | ₹ 24.75 + GST per transaction | |||||
| 6.5(c) NEFT; No Charges tor Transaction through Net banking/Mobile Banking (Saving Bank Account Holders) | ||||||
| 7 | Deposit/Withdrawal of Cash / Collection of cheques and Transfer of funds at CBS branches | |||||
| 7.a) Cheque Collection Charges | ||||||
| i) Deposit of cheques of same centres.(Base/Non-base branches) | Collection of local cheque by any CBS Branch at the same centre where base branch is located e.g. customer having an account at a CBS branch in Kolkata and cheque drawn on any bank in Kolkata deposited at any CBS branches participating in Clearing House: - Free | |||||
| ii) Deposit of cheques of other centres | Outstation cheque collection charges | |||||
| 7.b) Withdrawal of Cash (From Base & Non-Base Branch) | No Charge | |||||
| Note: Cosh withdrawal at non-base branches by self only with maximum amount of ₹50.000/- (Rs. Fifty Thousand only) per day per account Is Permissible. | ||||||
| 7.c) Fund Transfer between CBS branches (Non-Cash) | Free | |||||
| 8 | Charges for Safe Custody | |||||
| Sealed Cover/Packet | ₹ 750 + GST per cover p.a. or part thereof. | |||||
| Scrips | ₹ 750 + GST per cover p.a. or port thereof. | |||||
| Sealed Boxes | ₹ 2712 + GST per box p.a. or part thereof. | |||||
| 9 | Locker Service Charges | |||||
| Classification | VOL | Category | Semi-Urban/ Rural | Metro / Urban | ||
| (Cubic Inch) | ||||||
| A | 469.9 | SMALL | ₹ 1026 + GST | ₹ 1212 + GST | ||
| 534.77 | ||||||
| B | 858.69 | MEDIUM | ₹ 1678 + GST | ₹ 2517 + GST | ||
| 878.17 | ||||||
| C | 1186.21 | |||||
| 1155.09 | ||||||
| D | 1337.11 | LARGE | ₹ 3662 + GST | ₹ 4475 + GST | ||
| 1307.72 | ||||||
| E | 1872.67 | |||||
| 1841.33 | ||||||
| 1828.02 | ||||||
| 2234.25 | ||||||
| F | 2767.82 | VERY LARGE | ₹ 4272 + GST | ₹ 5288 + GST | ||
| 2622.38 | ||||||
| G | 2843.59 | |||||
| 2766.33 | ||||||
| H | 3986.97 | EXTRA LARGE | ₹ 7323 + GST | ₹ 8543 + GST | ||
| 3682.66 | ||||||
| L 1 | 4214.6 | |||||
| 4671.61 | ||||||
| L&K | 6296.51 | |||||
| 6009.61 | ||||||
| Locker Rent for staff members (Existing & Retired): - (Staff members are eligible to hire one SMALL type locker on y at the concessional rate.) |
||||||
| A | 469.9 | SMALL | ₹ 551 +GST | ₹ 636 + GST | ||
| 534.77 | (One Locker Only) | |||||
| Penalty for late payment of Rent | Small & Medium | 1st Qtr. 10% of Annual Rent | ||||
| 2nd Qtr. 20% of Annual Rent | ||||||
| 3rd Qtr. 30% of Annual Rent | ||||||
| 4th Qtr. 40% of Annual Rent | ||||||
| Large & above | ₹ 424 + GST | |||||
| In case of loss of key of the lockers | ₹ 1200 + GST plus actual charges. | |||||
| 12 Operations per annum free, beyond which ₹ 89 + GST per operation will be charaed (Not aoolicable for staff members) | ||||||
| B | Miscellaneous Service Charges | |||||
| 1 | Ledger Maintenance Charges | |||||
| 1.1) Current/CC/OD Account | ||||||
| Account Maintenance Charges (erstwhile ledger folio charges) (On Quarterly basis: Subject to free entries) CA/CC/OD: ₹ 1.70 + GST per entry Minimum: t 47 + GST & Maximum: ₹ 933 + GST per Quarter Subject to free entries. |
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| Quarterly Average Credit Balance | No. of entries allowed free | |||||
| Up to Rs. 25,000/- | Nil | |||||
| Above Rs. 25,000/- up to Rs. 50,000/- | 50 | |||||
| Above Rs. 50,000/- up to Rs. 1.00 lakh | 75 | |||||
| Above Rs. 1.00 lakh up to Rs. 2.00 lakh | 125 | |||||
| Above Rs. 2 Lakh to less then Rs.5.00 lakh | 250 | |||||
| Rs. 5.00 lakh and above | All Free | |||||
| Note: If no transaction Is made durlnp the quarter, a minimum of ?55/- would be charqed In Ledqer Maintenance Charge | ||||||
| 1.2) Charges for debit entries In SB A/cs | ||||||
| Free debit entries permitted | Number per half year: 50 | |||||
| Charges for additional debit entries (*) | Per addl. Entry ₹ 8.48 + GST (No Change) | |||||
| Note (*): - 1)Existing standing instruction debit entries shall not be reckoned as on additional debit entry. 2)All credit entries are free of charges. 3)All debit & credit entries in government accounts and staff accounts ore exempted from all the charges. 4)No charges shall be levied if the balance in the account maintained is above ₹. 25.000/- |
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| 2 | Incidental Charges for account not operated for 1 year | |||||
| a) Soving Bank Account | ||||||
| Balance Rs. 1000 or more | NIL | |||||
| Balance: > Rs. 55 up to <= Rs. 1000/- | ₹ 47 + GST per half year. | |||||
| Balance <= Rs. 55/- | After giving notice entire balance to be oppropriated & account should be closed. | |||||
| b) Current Account | ||||||
| irrespective of Balance | ₹ 136 + GST per half year. | |||||
| Note: - 1.For activation of inoperative account no service charges shall be levied. 2.Incidental charges shall not be levied once the account becomes inoperative after two years of non-operation of the account. 3.Incidental Charges shall not be levied in BSBDA accounts/ accounts opened under Pradhan Mantri Jan Dhan Yoiana fPM IDYi |
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| 3 | Charges for not maintaining Minimum Balance | |||||
| a) SB with Cheque facility | ||||||
| Minimum balance requirement in SB accounts with Cheque Book facility i) Rural: Individual Rs. 250/- & Other Rs. 500/- ii)Semi Urban: Individual: Rs. 500 & Other: Rs. 1000/- iii) Urban: individual: Rs. 1000/- & Other: Rs. 1500/- iv) Metro: Individual: Rs.lOOO/- & Other: Rs. 1500 |
Charges for not maintaining Minimum Average Quarterly Balance | |||||
| Shortfall in AQB | Individuol / Non-Individual | |||||
| Up to ₹ 250 | ₹ 25 per Qtr. | |||||
| ₹ 251 -₹ 500 | ₹ 50 per Qtr. | |||||
| ₹ 501 -₹ 1000 | ₹ 100 per Qtr. | |||||
| b) SB without Cheque facility | ||||||
| Minimum balance requirement in SB accounts without Cheque Book facility i) Rural: Rs. 100/- ii) Semi urban: Rs. 250/- lii) Urban: Rs. 500/- iv) Metro: Rs. 500/- |
Charges for not maintaining Minimum Average Quarterly Balance | |||||
| Shortfall in AQB | Individual / Non-Individual | |||||
| Up to ₹ 250 | ₹ 25 per Qtr. | |||||
| ₹251 -₹500 | ₹ 50 per Qtr. | |||||
| c) SB Pension/Sr. Citizen account with/without cheque facility | Charges for not maintaining Minimum Average Quarterly Balance | |||||
| d) Current account | ||||||
| Branch | Minimum Balance requirement | Charges for not maintaining Minimum Average Quarterly Balance | ||||
| Rural | Rs. 2000/- for other & Rs. 1000/- for Individuals | ₹ 350/-+ GST per Qtr. | ||||
| Semi Urban | Rs. 2500/- for others & Rs. 2000/- for Individuals | |||||
| Urban | Rs. 5000/- for others & Rs. 3000/- for Individuals | ₹ 500/- + GST per Qtr. | ||||
| Metro | Rs. 5000/- for others & Rs.3000/- for Individuals | |||||
| Note : 1.Charges for non-maintenance of minimum balance will be deducted on each occasion of short fall. 2.The above charges will be applied at the point of shortfall of balance due to customer Induced transactions only. 3.Above charges will be applied after one month of shortfall of balance. 4.SMS, e-mails. Letter will be sent at the point of shortfall of balance to the customer. 5.It will be ensured that the balance in the saving bank account does not turn into negative. 6.BSBDA accounts/ accounts opened under Pradhan Mantri Jan Dhan Yojana - No charges for non-maintenance of minimum balance is to be levied as these accounts shall not have the requirement of any minimum balance. 7.No charges for non-maintenance of minimum balance are to be levied in inoperative accounts. |
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| 4 | Closure of accounts: | |||||
| a) Charges for closure of a/c within 14 days (SB/CA/CC) | No charges | |||||
| b) Charges for closure of a/c after 14 days but before 12 months | ||||||
| Savings Bank: Without Cheque Book | ₹ 250 + GST | |||||
| Savings Bank: With Cheque Book facility | ₹ 350 + GST | |||||
| Current/CC: For Firms & Companies & Others | Individual ₹ 750 + GST | |||||
| Others ₹ 1000 +GST | ||||||
| Note: 1) No charges shall be levied In case of transfer of amount lying in the a/c of deceased depositor to our other branch. 2) No charges should be levied In Basic & Small accounts opened under BSBDA. 3) No charges shall be levied for closure of account after 12 months for SB/CA/CC |
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| 5 | Charges for issuance of cheque book: | |||||
| Free Cheque leaves for SB account | 25 cheque leaves allowed free in SB a/cs in a year in all branches. | |||||
| Issuance of MICR/CTS-2010 standard cheque & multicity cheque book (In SB/CC/OD accounts) | ₹ 4.24 + GST per leaf | |||||
| Free Cheque leaves for Current Account/Cash Credit a/c in half year | Nil | |||||
| 6 | Charges for Issuing dally/ weekly statement of accounts | |||||
| Daily statement | ₹ 907 + GST per year. For Repeat request, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
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| Weekly statement | ₹ 407 + GST per year. For repeat request, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
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| Monthly Statement | Once free. Thereafter, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
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| 7 | Charges for Issuing duplicate pass book with latest entry | |||||
| 7.1) For Rurol/Semi-urban/Urban/Metro Branches (For Individual and Others) | ₹ 119 + GST per occasion with latest balance | |||||
| 7.2) Charges for issuing duplicate pass book with previous entries: For Rural/Semi-urban/Urban/Metro Branches (For Individuals and Others) | ₹119 + GST plus additional ₹ 51 + GST per page (40 entries) for Individual & other for previous entries. | |||||
| Note: These charges are in addition to charges mentioned for issue of duplicate passbook as mentioned above | ||||||
| 7.3) Charges for issuance of duplicate interest certificate/balance certificate | ₹153 + GST per occasion | |||||
| 7.4) Charges for attestation of customer's signature on documents (per occasion) {Individual/Other than Individuals) | ₹ 150 + GST per instance / Occasion | |||||
| 7.5) Photo Attestation Charges | ₹ 150 + GST per certificate | |||||
| 7.6) Charges for addition/deletion of names/Change in operational instructions/recording of power of attorney in accounts of individuals (other than deceased a/c): | ||||||
| 7.6: a) Addition/deletion of names/change in operational instructions (other than deceased a/c) | ₹ 102 + GST per occasion for individual & ₹ 229 + GST for NonIndividuals | |||||
| 7.6: b) Allowing operations through Power of attorney/Mandate | ₹ 301 + GST per occasion for individuals & f 500 + GST for nonindividuals. | |||||
| 7.7) Charges for change in constitution/operational instruction/authorized signatory/ recording power of attorney in accounts other than individuals | ₹ 500 + GST | |||||
| 8 | Charges for stop payment of cheque (Per Instrument) | |||||
| Savings Account | ₹ 127 + GST per instrument, subject to a maximum of ₹ 602 + GST for Individual and others. | |||||
| Current Account | ₹ 204 + GST per instrument, subject to a maximum o₹ ₹ 915 + GST for individual and others. | |||||
| 9 | Charges for ATM Card w.e.f 15-01-2022 | |||||
| 9.1) Issuance of New ATM Card/add on | Non - Personalized Card: Free Personalized Card: Rupay Platinum: ₹ 175 +GST Visa Gold /EMV : ₹ 175 + GST Visa Platinum : ₹ 200 + GST Visa Signature : ₹ 250 + GST |
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| 9.2) Annual Maintenance Charge (No charges for Staff/Ex-Stoff/PMJDY/BSBDA accounts) | Rupay Platinum : ₹ 175 + GST
Visa Gold /EMV : ₹ 175 + GST Visa Platinum : ₹ 170 + GST Visa Signature : ₹ 200 + GST |
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| 9.3) Duplicate card/Duplicate Pin (No charges for staff/ExStaff) | ₹ 150 + GST per occasions per cord and ₹ 60 + GST per occasion per PIN. No charges for Green PIN |
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| For PMJDY/BSBD & No Frill Accounts: • Non-Personalised Cards to be issued without Charge. • Personalised Card can be issued with applicable Charges. |
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| No Charges for Staff / Ex-Staff. • AMC to be levied in Advance. • For Salary Account / Corporate Account Zonal Manager is empowered to take call on Issuance / Reissuance / AMC Charges as per available business scope. • In case of fraudulent transactions, if debit card is hot listed relssuance charges to be waived off. • Zone's Combined Waiver limit Per Annum by Zones headed by • AGM - Rs 5000 /- • DOM-Rs 10000/- • GM -Rs 15000 A Once the limit Is exhausted, permission to be taken from Customer Service Cell, Head office |
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| 10 | ATM Transaction charges - Saving Bank Account fCharqes based on no. of Transactions) | |||||
| 10.a) Monthly limit on Number of free ATM Transactions (Both financial & Non-Financial) | ||||||
| Type of account | UCO ATM | ATMS of other bonks (Metro Centres/Other Centres) |
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| Saving Account | 10 Free | 3 For Metro & 5 other centres | ||||
| Current Account | NO UPPER LIMIT | ₹ 20 + CST for financial and ₹ 8 + CST for nonfinancial from 1st transaction from Other Bank ATMs. | ||||
| 10.b) Savings and Current account ATM Transaction charges w.e.f 15-01-2022 | ||||||
| Savings and Current transaction charges | Bank's Own ATM (For SB Customer) | Other Bank ATM (For all Customers) | ||||
| Charges for Financial Transactions beyond the set limit (Rs. per Txn.) | ₹ 11 + GST | ₹ 21 + GST | ||||
| Charges for Non-financial Transactions beyond the set limit (Rs. per Txn.) | ₹ 6 + GST | ₹ 10 + GST | ||||
| #These charges will not be applicable to Small/No Frill/BSBDA/PMJDY account holders | ||||||
| 11 | POS | |||||
| Cosh Withdrawal at POS | 1% of transaction amount (Maximum Rs. 5) + Applicable CST | |||||
| Point of Soles (POS) transactions at Petrol Pumps and Railway Reservation Counters as per Shared Network Regulations | Ru Pay: NIL As charges on Ru Pay Network is waived off. VISA: 1.0% |
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| 12 | Transaction Abroad | |||||
| a) Cash withdrawal through VISA Networked ATMs | ₹ 94 + GST + 2 % of the currency conversion charges per transaction | |||||
| b) Balance Enquiry trough VISA Networked ATMs | ₹ 26 + GST | |||||
| 13 | Charges for late payment of Recurring Deposit instalments | |||||
| RD of all tenure | ₹ 1.70 + GST per Rs. 100/- pm | |||||
| 14 | Charge for Standing Instructions (Per Registration) | Registration - ₹ 50 + GST | ||||
| Same branch and in same name | Per transaction-Nil | |||||
| Same branch but credit to be given to a different name | Individual: ₹ 5 + GST per transaction; Others: ₹ 56 + GST | |||||
| Involving other branch | Individual: ₹ 25 + GST per transaction Others: ₹ 56 + GST per transaction | |||||
| 15 | Charges for issuance of solvency certificate | ₹ 300 + GST per lac Min.₹ 1000 +GST Max. ₹ 20000 + GST | ||||
| 16 | 16(a): Cash Handling charges: at Base Branch/Non-Base Branch of customer (CA/CC/OD) | |||||
| Base Branch - Up to 2 lacs or 10 Packets Free per day. There after ₹ 1 + GST per ₹ 1000 (Min f50 + GST Max ₹12000 + GST) Non-Base Branch - Up to 1 lac or 10 Packets Free per day. There after₹ 1.5 + GST per ₹1000 [Min ₹50 + GSTMax ₹12000 + GST) | ||||||
| # SB/RD/Sr. Citizen/BSBDA/NO frill account/PMJDY/will be out of the purview of Cash Handlina charaes at Base & Non base branch | ||||||
| 17 | Postal Charges (Per packet) | Actual Charges | ||||
| 18 | Enquiry relating to old records | |||||
| Up to 1-year old record | ₹ 150 + GST per reference. | |||||
| Beyond 1-year | ₹ 350 + GST per year per reference + out of pocket expense. | |||||
| 19 | Issue of Duplicate Deposit receipt | ₹ 150 + GST per request per instrument | ||||
| 20 | Record copy of the cheque | Up to 1 year-₹150 +GST | ||||
| Above 1 Year - ₹ 200 +GST | ||||||
| Note: In case of tierised deposit products (SB/CA), BSBDA o/c and other products etc. benefit/concession as per the relevant scheme shall apply. |
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| 21 | SMS Charges | |||||
| 1. All Domestic SMS charges per SMS | ₹ 0.80 + GST per SMS per guarter (Max. ₹ 20 + GST per guarter) | |||||
| 2. International SMS Alert | ₹ 2 + GST per SMS | |||||
| 22 | Inter BANK Mobile Payment (IMPS) Charge | |||||
| Up to 1000/- | Nil | |||||
| From 1001 to 10000/- | ₹ 2.55 + GST | |||||
| From Rs. 10,001 to Rs. 1,00,000/- | ₹ 5.09 + GST | |||||
| From Rs. 1,00,001 to Rs. 2,00,000/- | ₹ 14.41 +GST | |||||
| 23 | Seedlng of Aadhaar | No charges | ||||
| 24 | Wallet fund Transfer Charges In UCO PAY * Wallet | |||||
| Signing up for UCO PAY +Wallet | FREE | |||||
| Load in UCO PAY+ wallet | ||||||
| a. Using Debit Card/IMPS | FREE | |||||
| b. Using Net Banking | 1% of transaction amount + applicable GST | |||||
| Money Transfer | ||||||
| a. Wallet to Wallet (W2W) | FREE | |||||
| b. Wallet to Bank account (W2A) | 2% of transaction amount +applicable GST (min ₹ 4.24 + GST) | |||||
| Mobile recharge/DTH Recharge/Data Card Recharge/Bill payment/Online Payment using Wallet/vouchers and other added services miscellaneous | FREE | |||||
| Cash loading/Wallet Top-Up | FREE | |||||
| 25 | Prepaid Card | |||||
| Issuance | ₹ 52 + GST | |||||
| AMC | Nil | |||||
| Load/Reload | Nil | |||||
| Duplicate Cord | ₹ 50 + GST | |||||
| Duplicate PIN Online: | Free | |||||
| Offline: | ₹ 50 + GST | |||||
| Cancellation/Refund | ₹ 42 + GST | |||||
| Free Transaction | Unlimited at UCO Bank ATM, Other bank ATM - Appl. Charges from 1st trans. | |||||
| Charges | ₹ 20 + GST: financial; ₹ 8+ GST: Non-financial | |||||
| 26 | Internet Bankinci | |||||
| Registration | Nil | |||||
| Duplicate Password Online mode: | Nil, | |||||
| Offline request received through branches: ₹ 50 + GST | ||||||
| C | General Terms and Condrtlons: (Concessions/Exemptions In Service charges in respect of collections, remittances and deposits) |
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| 1) Collection of instruments favouring Welfare Service, Charitable & Religious institution may be allowed at par provided that these institutions are exempted from payment of Income Tax and also bank with us. However, actual postage/transmission charges and out of pocket expenses must be recovered while collecting instruments for the above customers. 2) Collection of subsidy Cheques issued by the Central and State Government under any program whenever applicable is to be collected at par. 3) Geological Survey of India, Under Ministry of Mines & Supreme Court of India under Ministry of Law & Justice, Govt. of India, are accredited to our bank i.e. our Bank is Official Banker of these two Govt. Departments. Therefore, no service charges are to be realized on the transactions of these two departments. However actual postage charges/out of pocket expenses are to be recovered from them. 4) Collection of cheques at par and free remittance facilities by way of DD may be allowed to blind and physically handicapped and also to institutions set up for their welfare / benefit, provided they bank with us. However, postage and other out of pocket expenses should be recovered. 5) Cheques/Drafts favouring Prime Minister's Relief Fund / Chief Minister's Relief Fund are to be collected at par. However actual expenses like postage etc. should be recovered. 6) No Service charges in respect of the following service are to be recovered from Defence Personnel in active service, ex-service men and from the widows of Defence Personnel, drawing pension and having account with our bank. i) Collection of Cheque ii) Remittance of DD to school and colleges and to family members who are dependent. iil) Any remittance other than above, only up to Rs. 10,000/- iv) Custody of bills v) In house standing instructions vi) Next kin/dependents may be allowed to collect death/ terminal benefits of the deceased servicemen free of charge. 7) All remittance from any of our branch on our Vidya Vlhar Pilani Branch will be at par if it is in favour of a student studying at BITS Pilani who maintains his/her account with our Vidya Vihar Pilani Branch. 8) Concessions to Regional Rural Banks (RRB) sponsored by our Bank, provided their Deposits are duly maintained with our Bank: i) Collection of charge in the following cases will be shared at 50:50 between our Bank and RRB: - a) Collection of charges on instruments tendered by us to RRBs for collection b) Collection charges on instruments tendered by RRBs to us for collection. ii) Issuance of Demand Draft on account of customers of our sponsored RRB's at 50:50 commission sharing basis. iii) Free Remittance facility may be allowed on remittance of funds by our sponsored RRBs from their own account to another. However actual postage and out of pocket expenses should always be recovered from RRBs. Above concession will be allowed only when funds are remitted/transferred between their H.O/Branch A/cs and our Branch. iv) No ledger folio charges are to be levied in A/cs maintained by our sponsored RRBs with our Bank's branches. 9) Free collection facility at Rural Branch: For ex-serviceman / senior citizen, pensioners: -free collection of outstation pension cheques will be allowed. 10) Concessions for Staff Members (existing & retired) a. No service charges should be levied on transaction conducted by our staff members. b. No service charges should be levied on transactions conducted by ex-staff members if he is not employed gainfully. c. Small type locker at concessional rate. d. Minimum balance maintenance criteria not applicable. {Note: All out of pocket expenses to be recovered.} 11) Conversion of single pension account into joint pension account with the spouse permitted under Government Order. 12) 10% Rebate on Service Charges for purchase of DD by students. |
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Service Charges
Annexure-I
Service Charges/Commission for advances including MSME & Agriculture, other than schematic lending (If not specifically mentioned, these service charges/commission will be applicable for all type of advances, including MSME & Agriculture, other than schematic lending).
Particulars |
Service Charges / Commission |
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Processing Charges / Renewal Charges for WC (FB & NFB Limit) |
A. Advances, other than MSME & Agriculture
Note: ➤ Processing charges for working capital are recoverable at the time of initial processing as well as at each annual date of renewal and also for any enhancement in limits. For enhancement in limits, processing charges to be reckoned for additional/ enhanced limit proportionately. ➤ 50% of the processing charges are to be collected before handing over the sanction letter to the customer & remaining 50% at the time of documentation. ➤ Unified Processing Charges includes processing, documentation and mortgage charges. ➤ All other charges for i.e. Credit Information Companies (CIC) i.e. CIBIL & CRIF / CERSAI / Fintech / Digital Document Execution (DDE) / Valuation/ Encumbrance etc. to be recovered from the borrower, including unified processing charges. B. Agricultural Advances:
Note: No service charges to be collected for KCC accounts having limits up to Rs. 3 Lakh and SHG accounts having limits up to Rs. 6 Lakh. C. MSME Advances:
* As per Banking Codes and Standard Board of India guidelines. **In account wherein external rating is available processing charges will be collected based on external rating. Note: ➤ Unified Processing Charges includes processing, documentation, and Mortgage charges. ➤ All other charges for i.e. CIC/ CERSAI/ Fintech/DDE/Valuation/Encumbrance etc. to be recovered from the borrower. ➤ For PSU/Government/AAA/AA externally rated MSME borrowers processing charges to be collected as per charges applicable for Other Advances mentioned below. D. Refund of Processing Charges for all type of advances including MSME & Agriculture: ➤ In case limits allocated in a consortium arrangement is lower than the sanctioned limit, the processing charge will be recovered on allotted limit as per documentation and excess processing charges, if any will be refunded by the Bank. ➤ 75% of the processing charges recovered upfront at the time of handing over the sanction letter to be refunded if sanction is not agreed when conveyed. ➤ 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 ➤ Processing charges recovered by the Bank on completion of documentation will not be refunded whether limit is availed fully or not. ➤ GST already paid on processing/renewal charges will not be refunded.
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Adhoc Sanction |
Advances including MSME & Agriculture: 150% of normal processing charges for regular working capital limits on prorate basis + GST, for a minimum period of 90 days or till adjustment of adhoc facility, whichever is later. Note: Adhoc sanction charges not to be collected from: 1. Agricultural Advances having aggregate exposure up to Rs. 25,000/- 2. MSME Advances having aggregate exposure including adhoc facility up to Rs. 5 Lakh. |
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Upfront Fees for Term Loan & Deferred Payment Guarantee |
A. Advances including MSME:
Note: 1. For HAM projects external rating of the Sponsor will be considered for calculation of the upfront fees. 2. For other term loans, wherein guarantee of the Sponsor is available, external rating of the sponsor to be considered for calculation of upfront fees. 3. For accounts classified under MSME: a) Having exposure up to Rs. 5 lakh - Upfront fee Nil. b) Exposure more than Rs. 5 Lakh - upfront fee @ discount of 10 bps from card rate is allowed. 4. 50% of the upfront fees are to be collected before handing over the sanction letter to the customer & remaining 50% at the time of documentation. B. Agriculture Advances:
C. Refund of Upfront Fee for all advances including MSME & agriculture: 1. In case limits allocated in a consortium arrangement is lower than the sanctioned limit, the upfront fees will be recovered on allotted limit as per documentation and excess upfront fees, if any will be refunded by the Bank. 2. 75% of the upfront charges recovered upfront at the time of handing over the sanction letter to be refunded if sanction is not agreed when conveyed. 3. If the consent / acceptance or otherwise for limit sanctioned is not given within 2 weeks from conveying of sanction by branch, the upfront fees recovered upfront will be forfeited 4. Upfront fees recovered by the Bank on completion of documentation will not be refunded whether limit is availed fully or not. 5. GST already paid on upfront fees will not be refunded. |
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For Short Term Loan (up to 3 years) having: |
Advances including MSME & Agriculture : Same as Upfront Fees for Term Loan & DPG |
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Review Charge for TL |
Advances including MSME & Agriculture
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Documentation Charges (For all limits(FB+NFB) including Demand, Adhoc, regular etc. where documents are obtained as per guidelines) |
A. Advances including MSME:
B. Agriculture Advances
Note for advances including MSME and Agriculture.
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Mortgage Charges (on FB+NFB limit) |
Advances including MSME &Agriculture advance
Note: ➤ Cost of stamp & other expenses will be borne by the borrower separately ➤ Mortgage charges are applicable per instance irrespective of the number of title deeds. ➤ Mortgage charges are not to be collected when the limits are renewed at the existing levels. ➤ 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. ➤ Non encumbrance and valuation charges to be recovered from the borrower separately. ➤ CERSAI charges of Rs. 500 + GST (per CERSAI ID) to be recovered from the borrower or actual charges whichever is high. ➤ CERSAI search charges of Rs. 50/- to be recovered per instance, separately. |
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Inspection Charges: |
Advances including MSME & Agriculture
Note: 1. For reckoning exposure following to be considered: a. Working Capital Facility: Sanctioned FB +NFB limit. b. Term Loan: O/s + undisbursed limit, if any. 2. Actual conveyance to be reimbursed to visiting official and the same shall be recovered from borrower account (except NPA accounts). 3. In case of NPA account the charges shall be debited from respective expense head of bank's P&L account and also be recorded in the memorandum against respective NPA account. 4. To be recovered per borrower entity, irrespective of number of facilities. |
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Supervision Charges |
Advances including MSME & Agriculture: Rs. 3,100/- per half year + GST, for accounts having aggregate limit (FB+NFB+TL) of Rs. 1 crore and above. |
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Modifications of terms & conditions of sanction |
Advances including MSME & Agriculture
The charges shall be levied per instance of proposal submission and should be recovered only in respect of customer induced modifications and not on modifications in terms and conditions which were not discussed with/accepted by the customer at the time of sanction/ review. Illustrative list of instances of modifications are as under: 1. Substitution/Release of collateral/other security. 2. Interchangeability of limits/sanction of sublimit. 3. Release/substitution of personal/corporate guarantee. 4. Change in project/machinery. 5. Ceding of charge on assets. 6. Re-phasement of loan/deferment of loan instalments. 7. Modification in ROI and other service charges. 8. Waiver of any other sanction Stipulation. 9. Extension of COD 10. Any other miscellaneous approvals |
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Prepayment Charges on Term Loan |
Advances including MSME & Agriculture Pre-payment charges of 2.00% + GST to be recovered for prepaid amount at the time of closure of account. In case of takeover of limits by other Banks, concessions provided in the account, if any, will be treated as withdrawn from the date of last sanction and charges as per card rate to be recovered from the borrower. Exemptions of Prepayment Charges i. In case payment has been made out of cash sweep/ Insurance proceeds. ii. Micro & Small Enterprises/Agriculture advances are exempted irrespective of the limits/outstanding. However, if a loan is being taken over by other banks/ FIs and concessions provided, if any, will be treated as withdrawn from the date of last sanction and charges as per card rate & prepayment charges to be recovered from the borrower. |
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Revalidation Charges: |
Advances including MSME & Agriculture
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Issuance of NOC |
Advances including MSME & Agriculture
However, within assessed limit of working capital under consortium banking arrangement NOC can be given without NOC issuance charges. |
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Lead Bank Charges for working capital (FB + NFB):
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Advances including MSME & Agriculture Leadership charges on Consortium advances are 0.30% p.a. + GST of the aggregate fund based and non-fund based working capital limits from the consortium. Maximum Rs. 75 Lakh + GST |
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Lead Bank Charges for Term Loan |
Advances including MSME & Agriculture 0.30% p.a. + GST of the total assessed term loan limits for the consortium. Maximum: Rs. 75 Lakh + GST Note: 1. For Project Loans, Lead Bank charges to be collected for every financial year till achievement of COD for the project. 2. For other term loans, Lead Bank charges are recoverable at the time of original assessment on the total loan amount for the consortium and not on subsequent annual review of same TL. |
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Commitment Charges for working capital limits |
Advances including MSME & Agriculture ➤ For Exposure Up to Rs. 1 Cr: NIL. ➤ For Exposure Above Rs. 1 Crore as under: 1. Fund based : Where average availment of fund based credit during a month is a. Less than 50% of the operative limit, commitment charges @ 1.00% p.a. + GST on the unutilised limit shall be levied for that month. b. More than 50% but less than 75% of the operative limit, commitment charges @ 0.75% p.a. + GST on the unutilised limit shall be levied for that month. 2. Non-Fund Based: Where average availment of non-fund-based limit during a month is less than 60% of the operative limit, Commitment charges will be levied @ 0.25% p.a. + GST on the unutilised limit for that month. Commitment charges are to be recovered on monthly basis |
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Commitment Charges for Term Loan |
Advances including MSME & Agriculture ➤ For Exposure Up to Rs. 1 Cr: NIL. ➤ For Exposure Above Rs. 1 Crore as under: 1. Where the draw down is made in stages as approved by the bank, the commitment charges @ 1.00 % p.a. + GST shall be computed on the undrawn portion reckoned with respect to the relative draw down limit fixed for the period and not with reference to the total limit. 2. In case of partly drawn term loans where no specific draw-down schedule has been prescribed/ borrower has not adhered to the specific draw-down schedule, the commitment charges at aforesaid rates shall be levied on delayed draw-down beyond 2 months. Commitment charges are to be recovered on quarterly basis |
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Ear Marking of Limits sanctioned by us & to be availed by the borrowers from other Bank. |
Advances including MSME & Agriculture 1.45% per annum + GST will be levied on quarterly basis i.e. 0.37% per quarter + GST |
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Loan Syndication charges |
Advances including MSME & Agriculture 0.60%+ GST negotiable for higher rate on case to case basis. (In case of AAA rated accounts/PSU's 10% of the card rate is applicable.) |
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Issuance of No dues certificate |
Advances including MSME & Agriculture Individuals - Rs. 100 + GST per certificate Non- Individuals - Rs. 200 + GST per certificate |
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Project Appraisal Charges |
Advances including MSME & Agriculture 0.20% + GST (max RS. 5 Lakh + GST): To be recovered in addition to Upfront fee in case the appraisal note is shared with other lenders in Consortium/MBA lending |
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TRA Agency/ ESCROW Fees |
Advances including MSME & Agriculture TRA/Agency /Escrow fees for accounts under multiple banking/ consortium banking arrangement to be charged as under:
Note: For accounts under sole banking arrangement with our Bank, no TRA/Escrow account fee is to be charged. |
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Handling Charges: Where full waiver of processing charges and upfront fees is permitted, handling charges in lieu of Processing fee & Upfront fee is to be collected |
Advances including MSME & Agriculture Wherever full waiver of Processing fee or Upfront fee is permitted, 'Handling Charges' @ Rs.15/Lakh + GST or part thereof, subject to maximum of Rs.1 Lakh + GST are to be recovered from borrowers availing limits of Rs.1 Crore & above, separately in lieu of Processing fee & Upfront fee. |
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Fee for Underwriting Assignments |
Advances including MSME & Agriculture @ 0.25% + GST of the total debt underwritten to be recovered at the time of conveying of sanction letter. This fee is to be recovered over & above the syndication fee of 0.60% + GST of total debt as mentioned above. |
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Withdrawal of Concessions |
Advances including MSME & Agriculture In case of account is being taken over by the other bank/FI, in addition to levying pre-payment charges, all the concession/relaxation/waiver in the service charge, ROI etc. granted since last sanction/review/renewal of the facility or sanction accepted by the borrower with such clause, whichever is earlier, in the account shall be withdrawn and respective amount shall be recovered from the borrower. The same clause shall invariably be incorporated in the sanction letter & acceptance of borrower in this regard shall be obtained & kept on record. |
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Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise. |
Advances including MSME & Agriculture (Applicable for all cases where sanctioned loan/limit/disbursed amount is above Rs 5.00 Lakh) NPA a/c's where terms of compromise are strictly adhered to: Rs.1000/- + GST per certificate. NPA a/c's where repayment is not received as per original schedule/failed compromise is revived: Rs. 2000/- + GST per certificate. |
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Pre Processing Charges |
Advances including MSME & Agriculture All Advances (other than Schematic loans, where charges have been defined): NIL, however, actual charges for pulling CIBIL, CRIF and CERSAI checking charges to be recovered before sending NBC proposals at all levels except for NBC proposals of PSUs/AAA rated companies. |
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TEV Study Vetting charges |
Advances including MSME & Agriculture Rs. 50,000/- + GST |
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Restructuring of Working Capital Limits: |
Advances including MSME & Agriculture 0.25% + GST for restructured/ rescheduled amount subject to maximum Rs. 1 Cr. |
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Restructuring of Debts - Term Loan |
Advances including MSME & Agriculture 0.25% + GST for restructured/ rescheduled amount subject to maximum Rs 1 Crore |
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Parting of process note for filling with SEBI for IPO or any similar purpose |
Advances including MSME & Agriculture Rs. 5 lakh + GST |
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Service Charges for Non Fund Based facilities:
Particulars |
Service Charges / Commission |
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Commission on Performance Guarantee (On the Guarantee amount & not on the Limit sanctioned). |
Advances including MSME & Agriculture ➤ For aggregate limits up to Rs. 25 Cr (where external rating not applicable)
➤ For aggregate limits above Rs. 25 Cr
Note: 1. Minimum two quarter commission to be charged. 2. For period exceeding 3 months, the period shall be reckoned in steps of quarters including claim period. 3. For BGs issued on behalf of SPV/JV, commission to be charged 0.25% higher in addition to the applicable rate. 4. In cases where borrower requests for recovery of commission on Annual/Qtly basis as against the stipulated policy for upfront recovery of commission for the entire tenure of the bank guarantee + the claim period, an additional charge of 0.25% p.a. shall be applicable. 5. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower . |
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Commission on Other Guarantees (including financial guarantees, Customs guarantee/ guarantee issued in lieu of disputed liability) |
Advances including MSME & Agriculture ➤ For aggregate limits up to Rs. 25 Cr (where external rating not applicable)
➤ For aggregate limits above Rs. 25 Cr
Note: 1. Minimum two quarter commission to be charged. 2. For period exceeding 3 months, the period shall be reckoned in steps of quarters including claim period. 3. For BGs issued on behalf of SPV/JV, commission to be charged 0.25% higher in addition to the applicable rate. 4. In cases where borrower requests for recovery of commission on Annual/Qtly basis as against the stipulated policy for upfront recovery of commission for the entire tenure of the bank guarantee + the claim period, an additional charge of 0.25% p.a. shall be applicable. 5. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower
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Renewal/ Extension of Guarantee |
Advances including MSME & Agriculture As applicable for issuance of guarantees (as the case may be i.e. Performance /Other Guarantee). Note: ➤ If renewal is affected before expiry date of original guarantee and if commission was earlier charged for claim period, no commission for claim period. ➤ Commission for minimum one quarter and part thereof to be collected up front or as per sanction terms. For period exceeding 3 months, the period shall be reckoned in steps of quarters including claim period ➤ If the extension remains within the tenor of which BG commission is recovered earlier, no additional BG commission will be recovered. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Refund of Guarantee Commission |
Advances including MSME & Agriculture In case of return of BG before maturity date and subsequent request for the borrower to refund the commission for the un expired period; Branch shall refund 50% commission charged for the unexpired period less 3 months. Refund to be allowed only if the unexpired period is more than 3 month & original guarantee bond is received by branch. |
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Guarantee secured by 100% deposit. |
Advances including MSME & Agriculture Commission subject to minimum Rs. 500/- + GST to be charged as under:
In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Expired Guarantees: Any proceeding or stay against invocation or payment or the like, and as a consequence of which the Bank is to keep the guarantee pending |
Advances including MSME & Agriculture Commission to be recovered as per normal applicable rate. However, extension of the guarantee is to be done as per discretionary powers defined in Loan Policy Document In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Guarantees with interest liability (generally NOT permitted) |
Advances including MSME & Agriculture Open guarantee is not issued by the Bank, However in case of exceptional circumstances such BG to be issued by approval from HLCC-ED committee up to its discretionary power and thereafter by CAC & MCB within their respective discretionary power. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Commission on amendment of Guarantee |
Advances including MSME & Agriculture For amendments other than amount, period and purpose of Guarantee, commission at the flat rate of Rs. 1000/- + GST, per amendment, will be recovered |
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ILC Opening Charges
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Advances including MSME & Agriculture Rs. 250 per LC & commitment + usance charges as under: a. Usance Charges: 2.40% p.a.+ GST for the usance period for complete month or part thereof. In case of sight bills / usance for less than 1 month, minimum 1 month charge @ 0.20% + GST minimum Rs.1000/- + GST b. Commitment Charges: 1.20% p.a. + GST with a minimum period of 1 quarter and thereafter on monthly basis. Note: 1. Concession allowed based on external rating of the borrower is as under:
2. The period is to be calculated from the date of opening LC to the last date of its validity + Usance period of bill. 3. Part of a month should be reckoned as a completed month. 4. Charges for CAPEX ILC will also be charged as per normal ILC. 5. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Extension of Validity Period of LC
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Advances including MSME & Agriculture Same as ILC opening for the extended period subject to minimum Rs. 1500/- + GST. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Increase in amount of LC |
Advances including MSME & Agriculture Same as opening for additional amount subject to minimum Rs. 1500/- + GST. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Other Amendments |
Advances including MSME & Agriculture Rs. 1000/- + GST on each Amendment. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Advising of LCs opened by correspondent Bank |
Advances including MSME & Agriculture Rs.2000 + GST. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Advising of Amendments |
Advances including MSME & Agriculture Rs. 750/- + GST, per amendments. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Confirmation of LCs |
Advances including MSME & Agriculture As applicable to LC opening charges (both Commitment & Usance charges). In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Transfer Charge (Advice of transfer in transferable LC) |
Advances including MSME & Agriculture Rs 1000/- + GST per advice of transfer. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Discrepancy Charges |
Advances including MSME & Agriculture Rs. 2500/- + GST, per occasion. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Acceptance Commission
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Advances including MSME & Agriculture 3.60% p.a. + GST of the Bill amount (Min Rs. 1000/-+ GST) on all LCs established by other Banks calling for usance drafts to be drawn on and accepted by our Bank. If a charge is to be collected from the beneficiary and he refuses to pay the charges, it must be collected from the opener (applicant for the credit). In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Negotiation Charges
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Advances including MSME & Agriculture In addition to interest from date of negotiation to date of reimbursement, negotiation charges to be collected as under: ➤ For bills up to Rs. 10 Lakh - Rs. 500 Flat + GST ➤ For Bills above Rs. 10 Lakh and up to Rs. 50 Lakh - Rs. 800 + GST ➤ For Bills above Rs. 50 Lakh and up to Rs. 100 Lakh : Rs. 1000 + GST ➤ For Bills above Rs. 100 Lakh and up to Rs. 500 Lakh : Rs. 2000 + GST ➤ For Bills above Rs. 500 Lakh : Rs. 3000/- + GST In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Guarantees on account of discrepancies in documents under LC |
Advances including MSME & Agriculture Flat 0.30% + GST subject to minimum of Rs. 3000/-+ GST (If payment received and credited to beneficiary account). In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Clean payment received under LC |
Advances including MSME & Agriculture: Rs. 500/- + GST. |
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Charges for issuance of certificate to beneficiary / certifying/ attestation of invoices subsequent to negotiation |
Advances including MSME & Agriculture Rs. 50/-+ GST per invoice Min. Rs. 100/-+ GST on each occasion. |
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LC secured by 100% cash margin/ term deposit of our Bank.
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Advances including MSME & Agriculture Commission subject to minimum Rs. 500/- + GST to be charged as under:
In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
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Revolving LC |
Advances including MSME & Agriculture Same as per LC opening charges including usance and commitment charges. In addition to the above charges, SFMS Charges of Rs. 250 + GST per message, to be recovered from the borrower |
Note: The revised charges will not be applicable for the following advances:
a. Schematic Retail/Agriculture & MSME advances wherein the charges have been defined separately.
b. KCC accounts having aggregate limits up to Rs. 3 Lakh and SHG accounts having limits up to Rs. 6 Lakh, respectively.
c. Government sponsored schemes (e.g. KVIC, PMEGP, PM SVANidhi, PM Vishkarma, Standup India etc.), wherein charges are to be collected as per scheme guidelines.
Switchover Charges
- (a). Floating Rate to Fixed Rate: The applicable charge will be 1.50% of the outstanding balance of the loan on the date of switchover.
- (b). Fixed rate to Floating Rate: The applicable charge will be 1.00% of the outstanding balance of the loan on date of switchover. Above mentioned Switchover charges shall be inclusive of GST.
Schedule of Non-Credit Charges FY 2024-25 [w.e.f 01-04-2024]
SCHEDULE OF NON-CREDIT CHARGES FY 2024-25 (In Rupees) (Exclusive of Goods & Service Tax@ 18 %) [w.e.f 01-04-2024] |
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A |
BILLS, REMITTANCES, DEPOSITS, LOCKERS & SAFE CUSTODY OF ARTICLES |
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1
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Nature of Charge |
Service Charges (Exclusive of Goods & Service Tax@ 18 %) |
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a) Collection of Outstation Cheques |
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Amount of Cheque |
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Up to ₹5,000/- |
Waived |
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Above ₹5000/- up to ₹10,000/- |
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Above ₹10,000 up to ₹1 lakh |
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Above ₹1.00 lakh |
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1. In case of outstation cheques purchased and credited to customers account interest amount for the period bank remains out of fund shall be realized at the rate as per terms of sanction/clean OD rate as applicable. Besides normal collection charge as per item no.1 shall be realized. In case of local cheques purchased, a flat rate of ₹ 50/- per instrument shall be recovered. Branches should use electronic mode like RTGS/NEFT (whichever available) to remit proceeds to the collecting bank/branch.
2. In case of return of instant credit instrument unpaid the customer will not be charged any interest from the date of immediate credit to the date of return of instrument unless the bank had remained out of fund due to withdrawal of fund. Interest wherever applicable would be charged on the notional over drawn balance in the account, had credit not been given initially. Interest shall be recoverable from the customer for the period the bank remained out of funds at the rate applicable for overdraft limit sanctioned for individual customer. In case of loan/advance account the rate will be 2% per annum above the rate applicable to that credit facility. However, bank shall collect normal collection charges and out of pocket expenses as applicable. |
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b) Service (Processing) charges for clearing (Through clearing house) from member banks. |
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1) System |
Drawee Bank |
Presenting Bank |
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Clearing at MICR-CPCs |
₹ 1.28 + GST |
₹ 0.85 + GST |
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Cheque Truncation |
₹ 0.85 + GST |
₹ 0.43 + GST |
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2)Collection of Bills* |
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Up to ₹10,000/- |
₹ 125 + GST per instrument + Out of Pocket Expenses |
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Above ₹10,000/- |
₹ 13 + GST per ₹ 1000 or part thereof + Out of Pocket Expenses, Max. ₹ 27,000 + GST |
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*(Charges to be shared on a 50:50 basis by Drawee and Presenting bank plus out of pocket expenses.) |
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2 |
Handling Charges for Cheques/Bills returned unpaid (Per Instrument/Per Occasion) |
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A) Cheques: |
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2.1) Cheques returned unpaid - Outward |
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Cheques up to ₹1.00 lakh |
Individual Account: - ₹ 225 + GST per Instrument + out of pocket expenses (For Senior Citizens 10% rebate) Other A/cs: - ₹ 250 + GST + out of pocket expenses per cheque |
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Cheque above ₹1.00 Lakh up to ₹10.00 Lakh |
₹ 500 + GST |
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Cheque above ₹10.00 Lakh up to ₹100.00 Lakh |
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Cheque above ₹100.00 lakh |
₹ 900 + GST |
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2.2) Cheques returned unpaid - Inward |
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Cheques up to ₹1.00 lakh |
₹ 250 + GST |
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Cheque above ₹1.00 Lakh up to ₹10.00 Lakh |
₹ 500 + GST |
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Cheque above ₹10.00 Lakh up to ₹100.00 Lakh |
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Cheque above ₹100.00 lakh |
₹ 900 + GST |
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Local cheques for presentation directly at the drawee bank
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₹ 225 + GST (For Senior Citizens, 10% rebate) + out of pocket expenses or 50 % of collection charges whichever is higher. |
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Note: In Basic Savings Bank Accounts, charges for cheques returned unpaid shall be restricted to 25% of normal bank charges. |
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2.3) Outstation Cheques returned unpaid |
Per instrument 50% of collection charge. Minimum ₹ 200 + GST |
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3 |
BILLS |
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Local/Outstation Bills returned unpaid |
50% of Collection Charge Min ₹ 260 + GST + returning charges (Pocket expenses) |
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General Instructions: |
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a) Actual postage cost /telegram charges and other out of pocket expenses are to be recovered in addition to the prescribed charges. However, charges prescribed under “Collection of outstation cheques” (item 1 above) are inclusive of postal/courier charges etc. b) In case of cash transactions for collection of cheques/bills an additional charge of 30% over the prescribed rate to be charged. c) In case of cheques and bills collected through another bank, both banks should recover 50% of their respective collection charges. |
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4 |
Other Charges |
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4.1) Charges for presentation of usance bill for acceptance |
₹ 111 + GST |
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4.2) Charges for change of instructions per occasion (for both usance and demand bill) |
₹ 111 + GST |
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4.3) Charges for storing Post Parcel (subject to availability of space). Size of each packet / box should not exceed 8000 cc |
₹ 47 + GST per item per day, Max. ₹ 933 + GST (to be returned after 25 days from due date) |
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4.4) Charges for free delivery of documents (under collection of bills) or to be returned back as unrealized |
Full commission as per collection of bills. Min. ₹ 111 + GST + out of pocket expense. |
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5 |
Electronic Clearing Service (ECS/NACH) |
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5.1) One Time Mandate Registration Charge for Authorization of Inward Mandate of Customers |
Rs. 150/- |
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5.2) Electronic Clearing Service/NACH-Credit (For Individual: No charges to individual beneficiaries account) |
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Electronic Clearing Service/NACH-Credit (For Corporate Bodies/Institutions) |
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Up to 10,000 entries per occasion |
₹ 4.24 + GST per entry + RBI/NPCI or destination bank charges if any |
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Above 10,000 up to 1 lakh entries per occasion |
₹ 3.39 + GST per entry + RBI/NPCI or destination bank charges if any Min. ₹ 35,602/- + GST |
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Above 1 lakh entries per occasion |
₹ 3.39 + GST per entry + RBI/NPCI or destination bank charges if any Min. ₹ 2,67,000/- + GST |
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5.3) Electronic Clearing Service/NACH-Debit |
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ECS/NACH Charges for debit clearing (Only for Corporate Bodies/Institutions) |
Debit Clearing: ₹ 3.39 + GST per transactions + RBI/NPCI or destination bank Charges, if any, Min ₹ 2,450/- + GST |
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5.4) Electronic Clearing Service/NACH-Debit Return charges (ECS/NACH Return for insufficient funds) |
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Amount up to ₹1.00 lakh |
₹ 250 + GST |
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Above ₹1.00 lakh up to ₹10.00 lakh |
₹ 250 + GST |
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Above ₹10.00 lakh up to ₹100.00 lakh |
₹ 250 + GST |
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Above ₹100.00 lakh |
₹ 250 + GST |
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Note: No ECS/NACH charges to be levied in respect of Income Tax refund orders as per extant RBI directives. RBI charges if applicable shall also be loaded to above charges. |
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5.5) ECS Charges for sponsor Bank, Destination Bank, and / or RBI/NPCI |
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Sponsor Bank, RBI or Destination Bank Charges, if any, Min. ₹ 2,848/- + GST Charge payable to Destination Bank and/or RBI on actual basis i.e. as waive/by the guidelines of RBI. |
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6 |
Remittances |
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6.1) Issuance of Demand Draft/PO-Against tender of Cash (Restricted to amount less than ₹50,000/-) |
Additional 50% over the normal charges to non-customers & 30% to the customers shall be levied. |
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6.2) Issuance of demand Draft/PO - Other than against tender of Cash |
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Up to ₹10,000/- |
₹ 40 + GST per instrument |
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Above ₹10,000/- |
₹ 5 + GST per thousand or part thereof Min. ₹ 60 + GST Max. ₹ 21,155/- + GST |
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6.3) a) Issuance of Duplicate DD/Pay Order |
₹ 150 + GST per Instrument |
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b) Revalidation of DD/Pay Order |
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c) Cancellation of DD/Pay Order |
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Note: If DD/PO amount is less than ₹150/-then 50% of value shall be levied as Bank Charges for the Service mentioned under point no. 6.3) a/b/c. |
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6.4) Remittance through Electronic Mode- NEFT/RTGS: Inward Charges: Free |
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6.5) Remittance through Electronic Mode- NEFT/RTGS: Outward Charges |
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6.5 a) RTGS |
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RTGS for ₹2 Lakh to ₹5 Lakh |
From 8 am to 18 hours & onward: ₹ 24.50 + GST per transaction |
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RTGS above ₹5 Lakh |
From 8 am to 18 hours & onward: ₹ 49.50 + GST per transaction |
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6.5 b) NEFT |
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Up to ₹10,000/- |
₹ 2.25 + GST per transaction |
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Above ₹10,000 to ₹1 Lakh |
₹ 4.75 + GST per transaction |
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Above ₹1 Lakh up to ₹2 Lakh |
₹ 14.75 + GST per transaction |
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Above ₹2 Lakh |
₹ 24.75 + GST per transaction |
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6.5(c) NEFT: No Charges for Transaction through Net banking/Mobile Banking (Saving Bank Account Holders) |
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7 |
Deposit/Withdrawal of Cash / Collection of cheques and Transfer of funds at CBS branches |
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7.a) Cheque Collection Charges |
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i) Deposit of cheques of same centres. (Base/Non-base branches) |
Free |
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ii) Deposit of cheques of other centres |
Free
|
||||||||||||||||||||
7.b) Withdrawal of Cash (Non-Base Branch Only) [w.e.f -14-04-2024] |
Account Type |
Free Limit |
Charges Beyond Free Limit |
||||||||||||||||||
SB |
05 Cash withdrawals a month. |
Rs. 2/- per Rs. 1,000/-or part thereof. Minimum Rs. 25/- |
|||||||||||||||||||
CA/CC/OD |
|||||||||||||||||||||
Note: Cash withdrawal at non-base branches by self only with maximum amount of ₹50,000/- (₹Fifty Thousand only) per day per account is permissible. |
|||||||||||||||||||||
7.c) Fund Transfer between CBS branches (Non-Cash) |
Free |
||||||||||||||||||||
8 |
Charges for Safe Custody |
||||||||||||||||||||
Sealed Cover/Packet |
₹ 750 + GST per cover p.a. or part thereof. |
||||||||||||||||||||
Scrips |
₹ 750 + GST per cover p.a. or part thereof. |
||||||||||||||||||||
Sealed Boxes |
₹ 2,712/- + GST per box p.a. or part thereof. |
||||||||||||||||||||
9 |
Locker Service Charges |
||||||||||||||||||||
Classification |
VOL |
Category |
Semi-Urban/ Rural |
Metro / Urban |
|||||||||||||||||
(Cubic Inch) |
|||||||||||||||||||||
A |
469.90 |
SMALL |
₹ 1250 + GST |
₹ 1500 + GST |
|||||||||||||||||
534.77 |
|||||||||||||||||||||
B |
858.69 |
MEDIUM |
₹ 2200 + GST |
₹ 3000 + GST |
|||||||||||||||||
878.17 |
|||||||||||||||||||||
C |
1186.21 |
||||||||||||||||||||
1155.09 |
|||||||||||||||||||||
D |
1337.11 |
LARGE |
₹ 4000 + GST |
₹ 5000 + GST |
|||||||||||||||||
1307.72 |
|||||||||||||||||||||
E |
1872.67 |
||||||||||||||||||||
1841.33 |
|||||||||||||||||||||
1828.02 |
|||||||||||||||||||||
2234.25 |
|||||||||||||||||||||
F |
2767.82 |
VERY LARGE |
₹ 5500 + GST |
₹ 6500 + GST |
|||||||||||||||||
2622.38 |
|||||||||||||||||||||
G |
2843.59 |
||||||||||||||||||||
2766.33 |
|||||||||||||||||||||
H |
3986.97 |
EXTRA LARGE |
₹ 8000 + GST |
₹ 9000 + GST |
|||||||||||||||||
3682.66 |
|||||||||||||||||||||
L 1 |
4214.60 |
||||||||||||||||||||
4671.61 |
|||||||||||||||||||||
L & K |
6296.51 |
||||||||||||||||||||
6009.61 |
|||||||||||||||||||||
Locker Rent for staff members (Existing & Retired): - (Staff members are eligible to hire one SMALL type locker only at the concessional rate.) |
|||||||||||||||||||||
A |
469.90 |
SMALL |
₹ 625 + GST |
₹ 750 + GST |
|||||||||||||||||
534.77 |
(One Locker Only) |
||||||||||||||||||||
Penalty for late payment of locker Rent |
Small, Medium, Large, Very Large, Extra Large |
1st Qtr. 10% of Annual Rent |
|||||||||||||||||||
2nd Qtr. 20% of Annual Rent |
|||||||||||||||||||||
3rd Qtr. 30% of Annual Rent |
|||||||||||||||||||||
4th Qtr. 40% of Annual Rent |
|||||||||||||||||||||
In case of loss of key of the lockers |
₹ 1,200/- + GST plus actual charges. |
||||||||||||||||||||
12 Operations per annum free, beyond which ₹ 100 + GST per operation will be charged (Not applicable for staff members) |
|||||||||||||||||||||
|
|||||||||||||||||||||
B |
MISCELLANEOUS SERVICE CHARGES |
||||||||||||||||||||
1 |
Ledger Maintenance Charges |
||||||||||||||||||||
1.1) Current/CC/OD Account |
|||||||||||||||||||||
Account Maintenance Charges (erstwhile ledger folio charges) (On Quarterly basis: Subject to free entries) CA/CC/OD: ₹ 1.70 + GST per entry Minimum: ₹ 47 + GST & Maximum: ₹ 933 + GST per Quarter Subject to free entries. |
|||||||||||||||||||||
Quarterly Average Credit Balance |
No. of entries allowed free |
||||||||||||||||||||
Up to ₹25,000/- |
Nil |
||||||||||||||||||||
Above ₹25,000/- up to ₹50,000/- |
50 |
||||||||||||||||||||
Above ₹50,000/- up to ₹1.00 lakh |
75 |
||||||||||||||||||||
Above ₹1.00 lakh up to ₹2.00 lakh |
125 |
||||||||||||||||||||
Above ₹2 Lakh to less than Rs.5.00 lakh |
250 |
||||||||||||||||||||
₹5.00 lakh and above |
All Free |
||||||||||||||||||||
Note: If no transaction is made during the quarter, a minimum of ₹55/- would be charged in Ledger Maintenance Charge |
|||||||||||||||||||||
1.2) Charges for debit entries in SB A/cs |
|||||||||||||||||||||
Free debit entries permitted |
Number per half year: 50 |
||||||||||||||||||||
Charges for additional debit entries {*} |
Per addl. Entry ₹ 8.48 + GST |
||||||||||||||||||||
Note {*}: - 1) Existing standing instruction debit entries shall not be reckoned as on additional debit entry. 2) All credit entries are free of charges. 3) All debit & credit entries in government accounts and staff accounts are exempted from all the charges. 4) No charges shall be levied if the balance in the account maintained is above ₹ 25,000/- |
|||||||||||||||||||||
2 |
Incidental Charges for account not operated for 1 year |
||||||||||||||||||||
a) Saving Bank Account |
|||||||||||||||||||||
Balance ₹1,000/- or more |
NIL |
||||||||||||||||||||
Balance: > ₹55 up to <= ₹1000/- |
₹ 47 + GST per half year. |
||||||||||||||||||||
Balance <= ₹55/- |
After giving notice entire balance to be appropriated & account should be closed. |
||||||||||||||||||||
b) Current Account |
|||||||||||||||||||||
Irrespective of Balance |
₹ 136 + GST per half year. |
||||||||||||||||||||
Note: - 1. For activation of inoperative account no service charges shall be levied. 2. Incidental charges shall not be levied once the account becomes inoperative after two years of non-operation of the account. 3. Incidental charges shall not be levied in BSBDA accounts/ accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) |
|||||||||||||||||||||
3 |
Charges for not maintaining Minimum Balance |
||||||||||||||||||||
a) SB with Cheque facility |
|||||||||||||||||||||
Branch |
Minimum Balance Requirement |
Charges for not maintaining Minimum Average Quarterly Balance |
|||||||||||||||||||
i) Rural |
₹ 500 |
Shortfall in AQB Rural/Semi Urban/Urban/Metro Up to ₹ 500 ₹ 50 + GST Per Qtr. ₹ 501- ₹ 1000 ₹ 100 + GST Per Qtr. ₹ 1001 – ₹ 2000 ₹ 150 + GST Per Qtr. |
|||||||||||||||||||
ii) Semi Urban |
₹ 1000 |
||||||||||||||||||||
iii) Urban |
₹ 2000 |
||||||||||||||||||||
iv) Metro |
₹ 2000 |
||||||||||||||||||||
b) SB without Cheque facility |
|||||||||||||||||||||
Branch |
Minimum Balance Requirement |
Charges for not maintaining Minimum Average Quarterly Balance |
|||||||||||||||||||
i) Rural |
₹ 250 |
Shortfall in AQB Rural/Semi Urban/Urban/Metro Up to ₹ 250 ₹ 25 + GST per Qtr. ₹ 251 - ₹ 500 ₹ 50 + GST per Qtr. ₹ 501 - ₹ 1000 ₹ 75 + GST per Qtr. |
|||||||||||||||||||
ii) Semi Urban |
₹ 500 |
||||||||||||||||||||
iii) Urban |
₹ 1000 |
||||||||||||||||||||
iv) Metro |
₹ 1000 |
||||||||||||||||||||
c) SB Pension/Sr. Citizen account with/without cheque facility |
No penalty charges and operated at Zero Balance.
|
||||||||||||||||||||
d) Current account |
|||||||||||||||||||||
Branch |
Minimum Balance Requirement |
Charges for not maintaining Minimum Average Quarterly Balance |
|||||||||||||||||||
i) Rural |
₹ 2000 |
₹ 350/- + GST per Qtr. |
|||||||||||||||||||
ii) Semi Urban |
₹ 2500 |
||||||||||||||||||||
iii) Urban |
₹ 5000 |
₹ 600/- + GST per Qtr. |
|||||||||||||||||||
iv) Metro |
₹ 5000 |
||||||||||||||||||||
Note: 1. Charges for non-maintenance of minimum balance will be deducted on each quarter on short fall. 2. The above charges will be applied at the point of shortfall of balance due to customer induced transactions only. 3. Above charges will be levied at the end of each quarter in case of shortfall in AQB. 4. SMS, e-mails, Letter will be sent at the point of shortfall of balance to the customer. 5. It will be ensured that the balance in the saving bank account does not turn into negative. 6. BSBDA accounts/ accounts opened under Pradhan Mantri Jan Dhan Yojana - No charges for non-maintenance of minimum balance is to be levied as these accounts shall not have the requirement of any minimum balance. 7. No charges for non-maintenance of minimum balance are to be levied in inoperative accounts. |
|||||||||||||||||||||
4 |
Closure of accounts: |
||||||||||||||||||||
a) Charges for closure of a/c within 14 days (SB/CA/CC) |
No charges |
||||||||||||||||||||
b) Charges for closure of a/c after 14 days but before 12 months |
|||||||||||||||||||||
Savings Bank: Without Cheque Book |
₹ 250 + GST |
||||||||||||||||||||
Savings Bank: With Cheque Book facility |
₹ 350 + GST |
||||||||||||||||||||
Current/CC: For Firms & Companies Others |
Individual ₹ 750 + GST |
||||||||||||||||||||
Others ₹ 1000 + GST |
|||||||||||||||||||||
Note: 1) No charges shall be levied in case of transfer of amount lying in the a/c of deceased depositor to our other branch. 2) No charges should be levied in Basic & Small accounts opened under BSBDA. 3) No charges shall be levied for closure of account after 12 months for SB/CA/CC |
|||||||||||||||||||||
5 |
Charges for issuance of cheque book: |
||||||||||||||||||||
Free Cheque leaves for SB account |
25 cheque leaves allowed free in SB a/cs in a year in all branches. |
||||||||||||||||||||
Issuance of MICR/CTS-2010 standard cheque & multicity cheque book (In SB/CC/OD accounts) |
₹ 4.24 + GST per leaf |
||||||||||||||||||||
Free Cheque leaves for Current Account/Cash Credit a/c in half year |
Nil |
||||||||||||||||||||
6 |
Charges for issuing daily/ weekly statement of accounts |
||||||||||||||||||||
Daily statement |
₹ 907 + GST per year. For Repeat request, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
||||||||||||||||||||
Weekly statement |
₹ 407 + GST per year. For repeat request, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
||||||||||||||||||||
Monthly Statement |
Once free, Thereafter, ₹ 2.55 + GST per entry, Min. ₹ 174 + GST per request. |
||||||||||||||||||||
7 |
Charges for issuing duplicate pass book with latest entry |
||||||||||||||||||||
7.1) For Rural/Semi-urban/Urban/Metro Branches (For Individual and Others) |
₹ 119 + GST per occasion with latest balance |
||||||||||||||||||||
7.2) Charges for issuing duplicate pass book with previous entries: For Rural/Semi-urban/Urban/Metro Branches (For Individuals and Others) |
₹119 + GST plus additional ₹ 51 + GST per page (40 entries) for Individual & other for previous entries. |
||||||||||||||||||||
Note: These charges are in addition to charges mentioned for issue of duplicate passbook as mentioned above. |
|||||||||||||||||||||
7.3) Charges for issuance of duplicate interest certificate/ balance certificate |
₹153 + GST per occasion |
||||||||||||||||||||
7.4) Charges for attestation of customer’s signature on documents (per occasion) {Individual/Other than Individuals) |
₹ 150 + GST per occasion |
||||||||||||||||||||
7.5) Photo Attestation Charges |
₹ 150 + GST per certificate |
||||||||||||||||||||
7.6) Charges for addition/deletion of names/Change in operational instructions/recording of power of attorney in accounts of individuals (other than deceased a/c): |
|||||||||||||||||||||
7.6: a) Addition/deletion of names/change in operational instructions (other than deceased a/c) |
₹ 102 + GST per occasion for individual & ₹ 229 + GST for Non-Individuals |
||||||||||||||||||||
7.6: b) Allowing operations through Power of attorney/Mandate |
₹ 301 + GST per occasion for individuals & ₹ 500 + GST for non-individuals. |
||||||||||||||||||||
7.7) Charges for change in constitution/operational instruction/authorized signatory/ recording power of attorney in accounts other than individuals |
₹ 500 + GST |
||||||||||||||||||||
|
7.8) Charges for Change in Registered Mobile No. [w.e.f -14-04-2024] |
50 + GST per instance* * At the time of Account Opening – FREE. For first modification within 2 years – FREE. Branch Head is empowered to waive charges per customer ID only once. |
|||||||||||||||||||
8 |
Charges for stop payment of cheque (Per Instrument) |
||||||||||||||||||||
Savings Account |
₹ 127 + GST per instrument, subject to a maximum of ₹ 602 + GST for individual and others. |
||||||||||||||||||||
Current Account |
₹ 204 + GST per instrument, subject to a maximum of ₹ 915 + GST for individual and others. |
||||||||||||||||||||
9 |
Charges for ATM Card |
Issuance |
Reissuance |
AMC |
|||||||||||||||||
No charges for Staff/Ex-Staff (excluding Rupay Select card) |
No charges for Staff/Ex-Staff (excluding Rupay Select card) |
No charges for Staff/Ex-Staff/PMJDY/BSBDA accounts (excluding Rupay Select card) |
|||||||||||||||||||
VISA EMV (Personalised) |
₹ 175 + GST |
₹ 175 + GST |
₹ 175 + GST |
||||||||||||||||||
VISA Platinum (Personalised) # |
₹ 300 + GST |
₹ 300 + GST |
₹ 300 + GST |
||||||||||||||||||
VISA Signature (Personalised) # |
₹ 500 + GST |
₹ 500 + GST |
₹ 750 + GST |
||||||||||||||||||
Ru Pay NCMC (Non-Personalised) # |
Nil |
₹250 + GST |
₹300 + GST |
||||||||||||||||||
RuPay Platinum & Rupay Merchant Credit Card (personalized) #
|
₹ 300 + GST |
₹ 300 + GST |
₹ 300 + GST |
||||||||||||||||||
Ru Pay Select Personalised Contactless Debit Card |
Customer |
Staff/ Ex-Staff |
Customer |
Staff/ Ex-Staff |
Customer |
Staff/ Ex-Staff |
|||||||||||||||
|
₹1000 + GST |
₹1000 + GST |
₹1000 + GST |
₹1000 + GST |
₹900 + GST |
₹900 + GST |
|||||||||||||||
UCO My Moment Card |
₹ 250 + GST |
₹ 250 + GST |
₹ 150 + GST |
||||||||||||||||||
Duplicate Pin |
₹ 60 + GST per occasion per PIN. No charges for Green PIN |
||||||||||||||||||||
# w.e.f : 14-04-2024 For PMJDY/BSBD & No Frill Accounts: • Non-Personalised Cards to be issued without Charge. • Personalised Card can be issued with applicable Charges. |
|||||||||||||||||||||
• No Charges for Staff / Ex-Staff. • AMC to be levied in Advance. • For Salary Account / Corporate Account Zonal Manager is empowered to take call on Issuance / Reissuance / AMC Charges as per available business scope. • In case of fraudulent transactions, if debit card is hot listed reissuance charges to be waived off. Zone’s Combined Waiver limit Per Annum by Zones headed by :- • AGM – Rs 5000 /- • DGM – Rs 10000 /- • GM – Rs 15000 /- Once the limit is exhausted, permission to be taken from OSD, Head office |
|||||||||||||||||||||
10 |
ATM Transaction charges – Saving Bank Account (Charges based on no. of Transactions) |
||||||||||||||||||||
10.a) Monthly limit on Number of free ATM Transactions (Both financial & Non-Financial) |
|||||||||||||||||||||
Type of account
|
UCO ATM |
ATMS of other banks (Metro Centres/Other Centres) |
|||||||||||||||||||
Saving Account |
10 Free |
3 Free For Metro & 5 Free For Other Centres |
|||||||||||||||||||
Current Account |
NO UPPER LIMIT |
₹ 21 + GST for financial and ₹ 10 + GST for non-financial from 1st transaction from Other Bank ATMs. |
|||||||||||||||||||
10.b) Savings and Current account ATM Transaction charges |
|||||||||||||||||||||
Savings and Current account transaction charges |
Bank’s Own ATM # (For SB Customer) |
Other Bank ATM (For all Customers) |
|||||||||||||||||||
Charges for Financial Transactions beyond the set limit (₹ per Txn.) |
₹ 11 + GST |
₹ 21 + GST |
|||||||||||||||||||
Charges for Non-financial Transactions beyond the set limit (₹ per Txn.) |
₹ 6 + GST |
₹ 10 + GST |
|||||||||||||||||||
#These charges will not be applicable to Small/No Frill/BSBDA/PMJDY account holders |
|||||||||||||||||||||
11 |
POS |
||||||||||||||||||||
|
Cash Withdrawal at POS |
1% of transaction amount (Maximum ₹5) + Applicable GST |
|||||||||||||||||||
Point of Sales (POS) transactions at Petrol Pumps and Railway Reservation Counters as per Shared Network Regulations |
Ru Pay: NIL As charges on Ru Pay Network is waived off. VISA: 1.0 % |
||||||||||||||||||||
12 |
Transaction Abroad |
||||||||||||||||||||
a) Cash withdrawal through VISA Networked ATMs |
₹ 94 + GST + 2 % of the currency conversion charges per transaction |
||||||||||||||||||||
b) Balance Enquiry trough VISA Networked ATMs |
₹ 26 + GST |
||||||||||||||||||||
13 |
Charges for late payment of Recurring Deposit Instalments |
||||||||||||||||||||
RD of all tenure |
₹ 1.70 + GST per ₹100/- pm |
||||||||||||||||||||
14 |
Standing Instruction Charges |
||||||||||||||||||||
|
Beneficiary |
Same Bank |
Other Bank |
||||||||||||||||||
Mode of Registration |
At Branch |
Digital Modes |
At Branch |
Digital Modes |
|||||||||||||||||
Registration of Standing Instruction |
75 + GST |
Nil |
75 + GST |
Nil |
|||||||||||||||||
Execution of Standing Instruction |
Nil |
Nil |
₹50/- + Actual Remittance + GST |
₹50/- + Actual Remittance + GST |
|||||||||||||||||
Failed/ Non-Execution of SI due to Insufficient Funds |
₹ 100/- + GST per instance |
₹ 100/- + GST per instance |
₹ 100/- + GST per instance |
₹ 100/- + GST per instance |
|||||||||||||||||
Note: 1. No charge to be levied for Registration of SI for crediting Loan & RD Instalment 2. No Standing Instruction charges for Staff/Ex-Staff |
|||||||||||||||||||||
15 |
Charges for issuance of solvency certificate
|
₹ 300 + GST per lac Min. ₹ 1000 + GST Max. ₹ 20,000/- + GST |
|||||||||||||||||||
16 |
16(a): Cash Handling Charges: at Base Branch/Non-Base Branch of customer (CA/CC/OD) |
||||||||||||||||||||
Base Branch - Up to ₹ 2 lacs or 10 Packets Free per day. There after ₹ 1+ GST per ₹1000 (Min ₹50 + GST Max ₹12,000/- + GST) Non-Base Branch - Up to ₹ 1 lac or 10 Packets Free per day. There after ₹ 1.5 + GST per ₹1000 (Min ₹50 + GST Max ₹12,000/- + GST) |
|||||||||||||||||||||
# SB/RD/Sr. Citizen/BSBDA/NO frill account/PMJDY/will be out of the purview of Cash Handling charges at Base & Non base branch |
|||||||||||||||||||||
17 |
Postal Charges (Per packet) |
Actual Charges |
|||||||||||||||||||
18 |
Enquiry relating to old records |
||||||||||||||||||||
Up to 1-year old record |
₹ 150 + GST per reference. |
||||||||||||||||||||
Beyond 1-year |
₹ 350 + GST per year per reference + out of pocket expense. |
||||||||||||||||||||
19 |
Issue of Duplicate Deposit receipt |
₹ 150 + GST per request per instrument |
|||||||||||||||||||
20 |
Record copy of the cheque |
Up to 1 year - ₹150 + GST |
|||||||||||||||||||
Above 1 Year - ₹ 200 +GST |
|||||||||||||||||||||
|
Note: In case of tierised deposit products (SB/CA), BSBDA a/c and other products etc. benefit/concession as per the relevant scheme shall apply. |
||||||||||||||||||||
21 |
SMS Charges |
||||||||||||||||||||
1. All Domestic SMS charges per SMS |
₹ 0.80 + GST per SMS per quarter (Max. ₹ 20 + GST per quarter) |
||||||||||||||||||||
2. International SMS Alert |
₹ 2 + GST per SMS |
||||||||||||||||||||
22 |
Inter BANK Mobile Payment (IMPS) Charge |
||||||||||||||||||||
Up to ₹1000/- |
Nil |
||||||||||||||||||||
From ₹1001 to ₹10000/- |
₹ 2.55 + GST |
||||||||||||||||||||
From ₹10,001 to ₹1,00,000/- |
₹ 5.09 + GST |
||||||||||||||||||||
From ₹1,00,001 to ₹5,00,000/- |
₹ 14.41 + GST |
||||||||||||||||||||
23 |
Seeding of Aadhaar |
No charges |
|||||||||||||||||||
24 |
Wallet fund Transfer Charges in UCO PAY + Wallet |
||||||||||||||||||||
Signing up for UCO PAY +Wallet |
FREE |
||||||||||||||||||||
Load in UCO PAY+ wallet |
|
||||||||||||||||||||
a. Using Debit Card/IMPS |
FREE |
||||||||||||||||||||
b. Using Net Banking |
1% of transaction amount + applicable GST |
||||||||||||||||||||
Money Transfer |
|
||||||||||||||||||||
a. Wallet to Wallet (W2W) |
FREE |
||||||||||||||||||||
b. Wallet to Bank account (W2A) |
2% of transaction amount +applicable GST (min ₹ 4.24 + GST) |
||||||||||||||||||||
Mobile recharge/DTH Recharge/Data Card Recharge/Bill payment/Online Payment using Wallet/vouchers and other added services miscellaneous |
FREE |
||||||||||||||||||||
Cash loading/Wallet Top-Up |
FREE |
||||||||||||||||||||
25 |
Charge for UCO Bank Loan Repayment through Bharat Bill Payment System (BBPS) [w.e.f : 14-04-2024] |
||||||||||||||||||||
|
Details |
Charges applicable |
|||||||||||||||||||
Charge for Debit Card txn through payment gateway : a)For RuPay Cards b)Other than Rupay cards |
NIL 0.90% of Txn value + GST |
||||||||||||||||||||
Charge for Internet Banking txn through payment gateway |
Rs.5.00+ GST per txn |
||||||||||||||||||||
Charge for UPI txn through payment gateway |
NIL |
||||||||||||||||||||
Charge for other than UCO Bank Application i.e PhonePay, Paytm etc. |
Rs.5.00+ GST per txn- Customer Operating Unit Rs.0.50+ GST per txn- NPCI |
||||||||||||||||||||
26 |
Prepaid Card |
||||||||||||||||||||
Issuance |
₹ 52 + GST |
||||||||||||||||||||
AMC |
Nil |
||||||||||||||||||||
Load/Reload |
Nil |
||||||||||||||||||||
Duplicate Card |
₹ 50 + GST |
||||||||||||||||||||
Duplicate PIN |
Online: Free Offline: ₹ 50 + GST |
||||||||||||||||||||
Cancellation/Refund |
₹ 42 + GST |
||||||||||||||||||||
Free Transaction |
Unlimited at UCO Bank ATM, Other bank ATM – Appl. Charges from 1st trans. |
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Charges |
₹ 20 + GST: financial; ₹ 8+ GST: Non-financial |
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27 |
Internet Banking |
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Registration |
Nil |
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Duplicate Password |
Online mode: Nil, Offline request received through branches: ₹ 50 + GST |
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28 |
Digital Merchant Onboarding |
One Time Payment |
Monthly Rental |
|
QR Code with Standee and Merchant APP |
₹ 105 + GST |
₹ 45 + GST |
||
Speaker with Merchant APP |
PLAN A (Ownership of Speaker is with the Merchant) |
₹ 1500 + GST |
₹ 105 + GST (Applicable from 4th Month) |
|
|
PLAN B (Ownership of Speaker is with the Bank and in case of surrender the same should be returned to the Bank) |
₹ 500 + GST |
₹ 105 + GST |
|
29 |
RuPay on the GO Smart Key Fob |
Issuance |
Reissuance |
AMC |
|
Customer# |
₹450 + GST |
₹450 + GST |
₹150 + GST |
|
Staff |
₹225 + GST |
₹225 + GST |
NIL |
# w.e.f : 14-04-2024 |
||||
30 |
Instant Personalized Debit Card |
Issuance |
Reissuance |
AMC |
|
Customer |
₹250 + GST |
₹300 + GST |
₹300 + GST |
|
Staff |
NIL |
NIL |
NIL |
C |
GENERAL TERMS AND CONDITIONS (Concessions/Exemptions in Service charges in respect of Collections, Remittances, and Deposits) |
|
1) Collection of instruments favouring Welfare Service, Charitable & Religious I nstitution may be allowed at par provided that these institutions are exempted from payment of Income Tax and also bank with us. However, actual postage/transmission charges and out of pocket expenses must be recovered while collecting instruments for the above customers.
2) Collection of subsidy Cheques issued by the Central and State Government under any program whenever applicable is to be collected at par.
3) Geological Survey of India, Under Ministry of Mines & Supreme Court of India under Ministry of Law & Justice, Govt. of India, are accredited to our bank i.e. our Bank is Official Banker of these two Govt. Departments. Therefore, no service charges are to be realized on the transactions of these two departments. However actual postage charges/out of pocket expenses are to be recovered from them.
4) Collection of cheques at par and free remittance facilities by way of DD may be allowed to blind and physically handicapped and also to institutions set up for their welfare / benefit, provided they bank with us. However, postage and other out of pocket expenses should be recovered.
5) Cheques/Drafts favouring Prime Minister’s Relief Fund / Chief Minister’s Relief Fund are to be collected at par. However actual expenses like postage etc. should be recovered.
6) No Service charges in respect of the following service are to be recovered from Defence Personnel in active service, ex-service men and from the widows of Defence Personnel, drawing pension and having account with our bank. i) Collection of Cheque ii) Remittance of DD to school and colleges and to family members who are dependent. iii) Any remittance other than above, only up to ₹10,000/- iv) Custody of bills v) In house standing instructions vi) Next kin/dependents may be allowed to collect death/ terminal benefits of the deceased servicemen free of charge. 7) All remittance from any of our branch on our Vidya Vihar Pilani Branch will be at par if it is in favour of a student studying at BITS Pilani who maintains his/her account with our Vidya Vihar Pilani Branch. 8) Concessions to Regional Rural Banks (RRB) sponsored by our Bank, provided their Deposits are duly maintained with our Bank: i) Collection of charge in the following cases will be shared at 50:50 between our Bank and RRB: - a) Collection of charges on instruments tendered by us to RRBs for collection. b) Collection charges on instruments tendered by RRBs to us for collection. ii) Issuance of Demand Draft on account of customers of our sponsored RRB’s at 50:50 commission sharing basis. iii) Free Remittance facility may be allowed on remittance of funds by our sponsored RRBs from their own account to another. However actual postage and out of pocket expenses should always be recovered from RRBs. Above concession will be allowed only when funds are remitted/transferred between their H.O/Branch A/cs and our Branch. iv) No ledger folio charges are to be levied in A/cs maintained by our sponsored RRBs with our Bank’s branches. 9) Free collection facility at Rural Branch: For ex-serviceman / senior citizen, pensioners: - Free Collection of outstation pension cheques will be allowed.
10) Concessions for Staff Members (existing & retired) a. No service charges should be levied on transaction conducted by our staff members. b. No service charges should be levied on transactions conducted by ex-staff members if he is not employed gainfully. c. Small type locker at concessional rate. d. Minimum balance maintenance criteria not applicable. {Note: All out of pocket expenses to be recovered.}
11) Conversion of single pension account into joint pension account with the spouse permitted under Government Order.
12)10% Rebate on Service Charges for purchase of DD by students.
|
Service Charges on Advances other than Priority Sector & Retail Segment w.e.f. 01-05-2016 ( as per Circular No. CHO/Corp Credit /01/2016-17
| Sr.No. | Particulars | Revised Service Charge (Inclusive GST @ 18.00%) |
| 1 | Pre Processing Charges | NIL. |
| However, actual charges for pulling CIBIL report etc to be recovered before sending NBC proposals at all levels except for NBC proposals of PSUs/AAA rated companies | ||
| 2 | Processing Charges for WC ( Funded & Non Funded Limit):- , STL & other types of NPS advances (other than TL & DPG)) |
For Sanction/ Renewal For WC Funded & Non Funded Up to Rs 25000/-: NIL >Rs 25000/- : Rs 413/Lac and part thereof, subject to Min. Rs.1031.00 Max: Rs 77.30 lac For Short Term Loan (up to 3 years) having Limit > Rs 25000/- 0.52% of the limit Min : Rs 1031/- Max: Rs 25.77 Lac |
| 3 | Adhoc Sanction | For irrespective of Limit: Normal processing Charges of regular WC limit for the period of sanction on pro-rata basis till adjustment ( Min. charges for 3 months) |
| 4 | Processing fee for TL & DPG | Up to Rs 25000/- : NIL >Rs 25000/- : 1.19% Min: Rs 619/- Max Rs 3.87 Cr. |
| 5 | Review Charge for TL (including Corporate Loan) |
Up to Rs 25000/- : NIL >Rs.25000/-: Rs. 181/- per Lac and part thereof Min Rs. 619/- & Max Rs. 1.04 Lac. |
| 6 | Documentation Charges (For all limits (FB+NFB) including Demand, Adhoc, regular etc. where documents are obtained as per guidelines) | Up to Rs 1.00 Lac : NIL >Rs 1 Lac – to Rs 10 Lac: Rs 1546/- flat. >Rs 10 Lac to Rs 1 Cr. – Rs 15459/- >Rs 1.00 Cr. : Rs. 30,918/- flat. Or actual charges in case of charges paid to Security Trustee. |
| 7 | Mortgage Charges (on FB + NFB limit) (Excluding retail & PS advances) | Up to Rs 1.00 Lac : NIL >Rs 1 Lac – to Rs 10 Lac: Rs 1546/- Flat. >Rs 10 Lac to Rs 1 Cr. – Rs 15459/- >Rs 1.00 Cr. : Rs 30,917/- flat. However, Charges for creation of mortgage will be calculated on the amount of loan (FB + NFB limit) & not on the value of property. Further Cost of Stamp & other expenses will be borne by the borrower separately. Mortgage Charges in case of Supplementary mortgage should be realized at rate of 50% of normal charges. Actual charges including registry under CERSAI to be levied from Borrower. |
| 8 | Lead Bank Charges | In case of WC limit (FB + NFB):- Upto Rs. 100 Cr. : @0.31% subject to a min Rs 5.16 Lac & Max. Rs 30.92 lac. Above Rs 100 Cr. : @ 0.31% subject to a Min: Rs 30.92 Lac Max Rs 51.53 lac In case of WC limit. Lead bank charges to be recovered on total accessed limit for the consortium at the time of sanction. In case of subsequent renewal/enhancement, 75% of normal charges on entire assessed limit to be recovered. In case of TL(recoverable at the time of original assessment on the total loan amount for the consortium and not on subsequent annual review of same TL) Up to Rs. 100 CR : Rs 5.67 Lac >Rs 100 Cr: Rs 11.34 Lac. In case of sick units/restructuring, 0.18% of the aggregate funded limit ( Both WC & TL). Max: Rs 34.01 Lac. |
| 9 | Inspection Charges | Up to Rs 2 Lac : NIL >Rs. 2 Lac & up to Rs 25 Lakhs: Rs 1,031/- per inspection + actual expenses. > Rs. 25 Lac & up to Rs 10 Cr.: Rs 2,577/- (per visit) + actual expenses. >Rs 10 Cr: Rs. 10306/- (per visit)+actual expenses. Max: Rs. 25765/- per annum +actual expenses. Inspection for WC limit & TL to be done as per extant guidelines of the bank. |
| 10 | Supervision Charges (Applicable for Rs 1.00 Cr & above) |
Rs 3,607/- per half year. |
| 11 | Modifications of terms & conditions of sanction ( For Corporate Borrowers) | Up to Rs 1.00 Cr. : Rs 1,546/- per modification. Max: Rs 5,153/- >Rs 1Cr. : Rs 30,917/- per modification. Max. Rs. 1.03 Lac. |
| 12 | Revalidation Charges: (In addition to normal processing charges) – For Corporate Borrowers | 50% of regular processing charges. Maximum Rs. 1.29 Lac. |
| 13 | Prepayment Charges on Term Loan | To all standard TL/STL with residual maturity of > 1 yr & having exposure of > Rs 5 Cr. For TL: 1.03% of amount to be prepaid For STL (up to 3 Yrs): 0.52% of amount to be prepaid. |
| 14 | Issuance of NOC (For Corporate Borrowers) | Up to Rs 25 Cr: Rs 61835/- per NOC. Max: Rs 1.24 Lac. >Rs 25 Cr: Rs 61835/- per Occasion. Max: Rs 2.06 Lac. |
| 15 | Commitment Charges | Up to Rs 1 Crore : NIL Where average availment of fund based credit during a month is less than 70% of the limit sanctioned, commitment charges @ 1/12th percent on the unutilized limit shall be levied for that month. |
| 16 | Ear marking of Limits sanctioned by us & to be availed by the Borrower from other Bank | 1.45% per annum will be levied on quarterly basis i.e. 0.35% per quarter. |
| 17 | Penal charges for deferred drawal in case of term loan | 0.11% per month on the drawings not made on the scheduled date for the delayed drawing |
| 18 | Loan syndication charges | 1.21% of the debt syndicated upto Rs 25 Crores. 0.62% of the debt syndicated for above Rs 25 Crore (Min Rs. 28.86 Lacs) |
| 19 | Parting of process note for filing with SEBI for IPO or any similar purpose | Rs. 6.30 Lakh |
| 20 | Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise | (Applicable for all cases where sanctioned loan/limit/disbursed amount is above Rs 5.00 Lacs) NPA a/cs where terms of compromise are strictly adhered to: Rs 1050/- per certificate. NPA a/cs where repayment is not received as per original schedule/failed compromise is revived: Rs. 2100/- per certificate. |
| 21 | Issuance of No dues certificate for NPS loans (other than small & marginal farmer, share cropper and like.) | Rs. 47/- per certificate. |
| Service Charges in Retail Loan Schemes w.e.f. 15.05.2018 | ||
| Sl. No. | Scheme | Existing Charges |
| 1 | UCO Home Loan | Processing Charges |
| 0.50%, Minimum Rs. 1500/- Maximum Rs. 15000/- & No charges for Take over Loans | ||
| Documentation Charges : NIL | ||
| CIBIL – Report Pulling Charges: NIL | ||
| Inspection Charges: NIL | ||
| 2 | UCO Cash | Processing Charges |
| 1% Minimum Rs. 750/- | ||
| 3 | UCO Car | Processing Charges |
| 1% Maximum Rs. 1500/- | ||
| 4 | UCO Education | Processing Charges: NIL |
| 5 | UCO Gold (Retail) | For Priority Sector |
| Upto Rs. 10 lacs: Rs. 250/- | ||
| Above Rs. 10 lacs: Rs. 500/- | ||
| For Non-priority Sector | ||
| Upto Rs. 5 lac: Rs 500/- | ||
| Above Rs. 5 lac to Rs. 10 lac: Rs. 1000/- | ||
| Above Rs. 10 lac: @0.20% on quantum of loan subject to a maximum of Rs.5000/- | ||
| 6 | UCO Pensioner | Processing Charges: NIL |
| 7 | UCO Property | Processing Charges |
| For Term-loan: 1% of loan amount at the time of sanction. | ||
| For CC/OD: 0.5% of loan amount at the time of sanction. | ||
| Renewal Charges | ||
| 0.50% every year subject to maximum of Rs.15000/- | ||
| 8 | UCO Two Wheeler | Processing Charges |
| 1% of loan amount with a minimum Rs. 500/-. | ||
| 9 | UCO Doctor | Processing Charges |
| 1% of loan amount plus tax (minimum Rs.1000/-) | ||
| 10 | UCO Shopper | Processing Charges |
| 1% of loan amount plus tax (minimum Rs.1000/-) | ||
| 11 | UCO CA Loan | Processing Charges |
| 0.50% of total loan sanctioned subject to a minimum of Rs.2000/- | ||
| 12 | UCO Swabhiman | Processing Charges |
| 0.25% of loan amount. | ||
| 13 | UCO Securities | Processing Charges |
| Rs. 250/- per case | ||
| 14 | UCO Rent | Processing Charges |
| 1% of the sanctioned loan amount. with a maximum of Rs. 2.00 lacs. | ||
| Review on run down Balance | ||
| Rs. 225.00 per lac, Min. Rs.250.00, Max.Rs.56000.00 | ||
| Documentation Charges for all above schemes except Home Loan Scheme | ||
| 15 | Amount of Advance | Revised Charges (Excluding GST) |
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- Up to Rs.2 lacs | Rs. 350/- | |
| Above Rs.2 lacs upto Rs.5 lacs | Rs. 1500/- | |
| Above Rs.5 lacs upto Rs.10 lacs | Rs. 2200/- | |
| Above Rs.10 lacs upto Rs.25 lacs | Rs. 2500/- | |
| Above Rs.25 lacs upto Rs.50 lacs | Rs. 4500/- | |
| Above Rs.50 lacs upto Rs.5 crores | Rs. 6000/- | |
| Above Rs.5 crores | Rs. 15000/- | |
| Note: GST on all the above mentioned charges to be levied as per govt. guidelines from time to time. | ||
Revised Service Charges on Bank Guarantee and ILC w.e.f. 01-05-2016 ( as per Circular No. CHO/Corp Credit /01/2016-17
| Charges for Guarantee: | ||
| Commission for issuance of Guarantee (SFMs Charges, as applicable (at present Rs 119/- per transaction) to be recovered in addition to stipulated service charges) |
||
| Particulars | Revised Service Charge (inclusive of GST @ 18%) | |
| Performance Guarantee ( On the Guarantee amount & not on the limit sanctioned) | 2.06% Pa (Min for 2 quarters @ 1.03 %) Min- Rs 773/-. If the period of guarantee exceeds 12 months, for remaining period additional commission to be recovered @ 0.52% per quarter or part thereof, Min Rs. 387/-. In addition to above actual SFMS charges to be recovered. | |
| Other Guarantee (Including financial guarantees (On the Guarantee amount & not on the limit sanctioned) | 3.10% Pa (Min for 2 quarters @ 1.55%); Minimum Amount Rs 1546/-, If the period of guarantee exceeds 12 months, for remaining period additional commission to be recovered @ 0.78% per quarter or part thereof, Min Rs 773/-. In addition to above actual SFMS charges to be recovered. |
|
| Renewal/ Extension of Guarantee | Same as above, except that the claim period is not changed for, if the renewal is affected before the expiry date of original guarantee. | |
| Refund of Guarantee Commission | No refund if the purpose of Guarantee was issued and original guarantee is returned for cancellation before expiry date. If the purpose for which guarantee was issued is not served, 50% of original rate for the unexpired period less one qtr will be refunded. If Guarantee with an unexpired period of 10 months is tendered for cancellation; refund will be calculated for 7 months @ 0.50% of original commission. | |
| Guarantee secured by 100% deposit | 25% of normal commission. (Min Rs 207/-) | |
| Charges for Inland Letter of Credit (SFMS charges, as applicable (at present Rs. 119/- per transaction) to recovered in addition to stipulated service charges.) |
|
| Particulars | Revised Service Charge (inclusive of GST @18%) |
| LC Opening Charges | Following charges with a min. of Rs 773/- should be levied. a) Usance Charge: 2.06% pa for the usance period (complete month or part thereof, Min 1 month charges), and b) Commitment Charge: For the period of liability (date of opening of credit to the last date of validity) @ 1.14% pa with a minimum period of 1 month or part there of. In addition to above actual SFMS charges to be recovered. |
| Extension of Validity Period | Same as opening subject to Min. Rs 1546/-, if such extension run to next month or more. In addition to above actual SFMS charges to be recovered. |
| Increase in amount of LC | Both Usance and commitment charge on additional amount at applicable rate with a minimum charge of Rs 1546/-. In addition to above actual SFMS charges to be recovered. |
| Other Amendments | Flat commission of Rs 825/- per occasion. In addition to above actual SFMS charges to be recovered. |
| Advising of LCs opened by correspondent Bank | Rs 825/- In addition to above actual SFMS charges to be recovered. |
| Advising of Amendments | Rs 516/- per amendments In addition to above actual SFMS charges to be recovered. |
| Confirmation of LCs | As applicable to LC opening charges( both commitment & Usance charges In addition to above actual SFMS charges to be recovered. |
| Transfer Charge (Advice of transfer in transferable LC) | Rs 825/- per advice of transfer. In addition to above actual SFMS charges to be recovered. |
| Acceptance Commission | 2.37% of the Bill amount (Min. Rs 825/-) on all LCs established by other banks calling for usance drafts to be drawn on and accepted by our Bank. |
| Negotiation charges ( in addition to interest from d/o negotiation to d/o reimbursement) | For bills up to Rs 2.50 Lacs -0.52 % (Min Rs 825/-) + Out of Pocket expenses. >2.50 Lacs -0.31% (Min Rs 1752/-) + Out of pocket expenses + discount at applicable rate of interest from d/o negotiation to the d/o reimbursement. (1. Negotiation charges and interest thereon are to be collected for the LCs established by other banks. In such case, collection charges should not be levied. 2. In case of LCs established by our Bank branches, only collection charges are to be collected and interest as per existing guidelines to be collected for the usance period. In case of sight documents, interest for a maximum period of 15 days should be collected subject to Min 825/-). |
| Guarantees on account of discrepancies in documents under LC | If payment received under reserve is credited to beneficiary’s account:0.31% with a min of Rs 825/-. If payment received under reserve at the request of the customer is not parted with – No charges*. |
| *Note: When called upon to refund payment made to them under reserve, Bank’s will pay to the negotiating Bank the face value of the bill together with interest at the commercial rate of the negotiating Bank plus charges. Interest/charges, if any would be for customer’s account. | |
| Clean payment received under LC | Rs 258/- flat to Beneficiary’s account. |
| Charges for issuance of certificate to beneficiary/certifying/attestation of invoices subsequent to negotiation. | No charge for attestation of commercial invoices at the time of negotiation/collection. On subsequent occasions, Rs 103/- per invoice. |
| LC secured by 100% cash margin/term deposit of our Bank. | 25% of normal charges in respect of LC opening charges subject to a min. of Rs. 825/-. |
| Bills received under LC/Retirement of Bill under LCs | NIL |
| Revolving LCs | Same as per LC opening charges (Usance + Commitment) + on each reinstatement, usance charges @ 2.38% pa according to tenor and commitment charge of 1.19% pa on reinstated amount. |
| PART - IV | |||
| Schedule of Revised Service Charges on External Trade/Forex Business | |||
| (Inclusive of all taxes) | |||
| Revised Charges (inclusive of Goods and Services Tax)* | |||
| Description | |||
| EXPORTS | |||
| Foreign Currency Credit (PCFC/EBR) | As per RBI directive, no charge except recovery of out of pocket expenses incurred. Branch should realize actual out of pocket expenses incurred, as informed by Treasury Branch, Mumbai. Out of Pocket expenses are worked out by Treasury Branch at the time of handling transaction, which should be informed to the branch concerned. | ||
| For each foreign currency & rupee bill Purchased/ Negotiated | 0.15%, subject to Minimum Rs.509/- and Maximum Rs.6112/- |
||
| Concerned sanctioning autthorities, in deserving cases, may reduce the maximum charges to Rs. 4,075/- the reason for allowing the concessions are to be duly recorded. | |||
| Forwarding export document to another AD to whom LC is restricted/LC is confirmed by the latter. | 0.143% subject to Minimum Rs.377/- and Maximum Rs. 5603/- | ||
| [Regional Managers, in deserving cases, may reduce the maximum charges to Rs.3,370/-, the reasons for allowing the concession are to be duly recorded] | |||
| Reimbursement charges under LC Negotiated up to Rs. 5 lacs Over Rs. 5 lacs |
Rs. 866/- Rs.1146/- |
||
| Joining in customer guarantees/ indemnities on behalf of customers to other banks in India in respect of discrepancies in documents negotiated under credit. | 0.10 % Minimum Rs.306/- | ||
| In case of overdue export bills purchased / discounted/ negotiated where proceeds are not received in nostro account on or before the due date. | |||
| Negotiated upto Rs. 2 lacs | Rs.356/- per quarter or part thereof per bill. | ||
| Over Rs.2 lacs | Rs.688/- per quarter or part thereof per bill. | ||
| EXPORT BILL FOR COLLECTION | |||
| Export Collection Bills sent through us | 0.15% (Minimum Rs.400/-, Maximum Rs.7500/-) | ||
| Where permitted by RBI, when the entire set of export documents have been sent by the exporter directly to the overseas buyer | 0.10% (Minimum Rs.586/-, Maximum Rs.5,705/-) | ||
| In case of overdue bills sent on collection where the proceeds are not received in India on or before the due date, additional commission shall be charged as : | |||
| Upto 2 lacs | Rs. 300/- per quarter or part thereof | ||
| Over Rs. 2 lacs | Rs. 300/- per quarter or part thereof | ||
| (Not applicable in case of bills drawn on countries with externalisation problems but paid in local currency and the exporter has obtained necessary approval from Reserve Bank of India for extension) | |||
| Where bank charges are to be recovered from the drawee but are refused by them. | Such charges are to be recovered from drawer. | ||
| COMMISSION IN LIEU OF EXCHANGE | |||
| Where preshipment advance has been granted by an Authorised Dealer against a letter of credit / export order but the documents under the relative letter of credit/export order are negotiated through another bank. | 0.10% (Minimum Rs. 357/-) |
||
| Where the proceeds of an export bill negotiated by an authorized dealer are paid in foreign currencies to another Authorized Dealer. | 0.17% (Minimum Rs 586/-) |
||
| Where an export bill sent for collection abroad by one Authorised Dealer but the payment is received in Rupees through another Authorised Dealer in India. | 0.17% (Minimum Rs 586/-) |
||
| Where an export bill is negotiated/ purchased/sent for collection and the proceeds thereof are credited to foreign currency (EEFC) account in part or in full, on the foreign currency amount credited to EEFC account. | 0.17% (If money is kept with us, no charges will be levied.) |
||
| Any export bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. | 0.17% (Minimum Rs 586/-) |
||
| Deemed export bills in foreign currency as defined by Reserve Bank of India/Exim Policy from time to time. | 0.17% (Minimum Rs 586/-) |
||
| Advising Letters of Credit | Rs.586/- for customers | ||
| Rs.1121/- for non customers | No change | ||
| Advising Amendment | Rs. 357/- for customers | ||
| for non customers Rs. 586/- | No change | ||
| Confirmation charges | |||
| Commitment Charges | 0.19% for every quarter or part thereof | ||
| Usance charges | 0.17% per month or part thereof for bills upto one month | ||
| 0.28% for bills more than one month and upto three months | |||
| 0.35% for first three months + 0.10% per month in excess of three months for bills over three months. | |||
| For individual transaction above Rs. 3 crores, charges will be 1/4th of the normal charges on the incremental amount above Rs 3 crores.(25% concession may be given to customers rated ‘A’ & above for amount upto Rs 3 Crores) | |||
| Transfer of LC | Rs. 586/-for each transfer | ||
| Rs. 357/- for each amendment | No change | ||
| Acceptance commission for accepting drafts drawn on and accepted by the Banks in India | 0.17% p.m. | ||
| Issuance of Certificate / Attestation in respect of Export transaction. | Rs 150/- per documents. Rs 150/- per invoice (in excess of five). | ||
| IMPORT | |||
| Opening of LC including Stand by LC | |||
| Commitment Charges | Upto Rs.5 Crores:- 0.15% for every quarter or part thereof for the full validity of the credit ( Minimum Rs. 1000/-) Note: If the amount is more than Rs 5 Crores but less than Rs.20 Crores:- Full charges upto Rs. 5 crores + one half of charges for amount exceeding Rs 5 Crores and upto Rs. 20 crores. If the amount is more than Rs 20 Crores charges will be as applicable upto Rs. 20 crores + one fourth of charges exceeding Rs. 20 crores. |
||
| Usance charges : For the purpose of levying commitment and usance charges, the total amount committed inclusive of interest amount and tolerance level shall be reckoned. | Upto Rs.5 Crores:- 0.175% upto 10 days sight( Minimum Rs. 1000/-) . 0.35% over 10 days and up to 3 months sight( Minimum Rs. 1000/-). 0.35% for the first three months plus 0.10% for month in excess of three months for over 3 months sight. |
||
| 0.40% for bills over 10 days and up to 3 months sight |
|||
| 0.40% for the first three months plus 0.1% for month in excess of three months for bills over 3 months sight | |||
| NOTE:- For Sight LC only commitment charge is to be taken, but for Usance LC both commitment and usance charges are to be taken. | For amount exceeding Rs. 5 Crores and upto Rs. 20 Crores -Full Charges upto Rs. 5 Crores + one half of charges for amount exceeding Rs. 5 Crores. For amount exceeding Rs. 20 Crores, the charges as applicable up to Rs. 20 Crores + one fourth of charges exceeding Rs. 20 Crores. In case of L/C established against 100% cash/FDR as security ,charges will be 25 % of the normal charge. |
||
| Bills not covered by LC payments which will be settled out of currency Loans arranged abroad or foreign currency accounts(EEFC) |
0.20% Minimum Rs. 1019/- |
||
| Amendment to LC | |||
| Extension of validity of LC within 3 months period for which the commitment charge has already been collected. | Rs 586/- | ||
| Amendment extending the validity of the LC beyond a 3 month period | Fresh commitment charge at the applicable rate per quarter or part thereof shall be recovered subject to a minimum of Rs. 586/- | ||
| Amendment of value of LC | Both commitment and usance charges are to be recovered for the additional amount. | ||
| Amendment for altering tenor of the bill | Additional usance charges to be collected as appropriate on the outstanding liability. | ||
| Amendment to a LC other than extension of its validity or enhancement of its value | Rs. 306/- | ||
| Revival of expired LC within 3 months from the date of expiry. | Usance charges + commitment charge from the date of original expiry upto the new validity period of the revived LC. | ||
| Stand by Letter of Credit | As per LC Charges | ||
| REVOLVING LETTER OF CREDIT | |||
| Commitment charges | Same as applicable to opening of LC including standby LC. | ||
| Usance charge | |||
| Reinstatement charges,Commitment charges and Usange Charges | |||
| Deferred Payment LCs | |||
| DEFERRED IMPORTS | |||
| LCs covering deferred import of goods | 0.25 % per quarter or part thereof | ||
| The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. | |||
| Extending validity within 3 months for which commission is already taken where validity period falls beyond 3 months. | Amendment commission of Rs. 509/- For any amendment extending the validity of the Letter of credit beyond 3 months period, commission at the applicable rate shall be recovered. | ||
| Commission on Import Bills under LCs: | |||
| Foreign currency bill at the time of crystallization or retirement, whichever is earlier. | 0.15% (Minimum Rs. 1000/-) 0.15% upto Rs 1 crore. 0.08%>1crore upto 3 crores. 0.04%> Rs. 3 crores upto 5 crores. 0.02% >5 crores. | ||
| Import bill received under LC on which no exchange benefit accrues to the opening bank including cases where contract is booked with another AD. | 0.17% (Minimum Rs. 856/-) | ||
| If the bill is not retired within 10 days from the date of receipt of bills in case of demand bill and on the due date in case of usance bill. | Additional 0.17% | ||
| Charge in respect of discrepant document received under LC | USD 51/- | ||
| Rupee Bill | 0.25% Minimum Rs. 1000/-. | ||
| Commission on Import Bills (not under LC) | |||
| On each bill drawn in Foreign currency, on which the collecting bank earns exchange benefit. | 0.15% (Minimum Rs. 500/- and Maximum Rs. 10,000/-) | ||
| On Rupee import bills and in each bill drawn in foreign currency on which no exchange margin is earned. | 0.30% with a minimum of Rs. 1,000/- and a maximum of Rs. 50,000/-. | ||
| Any other type of Import bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. | 0.10% (Minimum Rs. 866/-) | ||
| On collection bills document covering project imports under inter-governmental aid nature (including those financed by international agencies like World Bank, IMF, ADB etc.) where no LC is opened. | 0.03183% | ||
| Import bills directly received by the importer | 0.05% subject to minimum of Rs. 1,000/- and maximum of Rs. 12000/- | ||
| Countersigning/co-acceptance of import bill for counter signing, co-acceptance or validation of approved bills of exchange. | 0.10% p.m. with a minimum of 0.28%. | ||
| COMMISSION IN LIEU OF EXCHANGE | |||
| In respect of LCs established, payments of which are settled out of foreign currency loans arrange abroad or Foreign Currency accounts (EEFC) | 0.10% (Minimum Rs. 586/-) | ||
| Bills not covered by LC payments which will be settled out of Foreign currency loans arranged abroad or Foreign currency account (EEFC) | 0.20% Minimum Rs.1019/- | ||
| MISCELLENEOUS | |||
| Request for bills proceed to be remitted in a currency other than currency of the bills | NA | ||
| Custody charges for overdue bills | Rs. 509/- per quarter or part thereof |
||
| MERCHANTING TRADE | |||
| If foreign currency remittances are received in advance from the overseas buyer and the foreign currency funds are held in Nostro Accounts at the specific request of the merchant trade customer. | Comm. @0.20% on each transaction. Bank shall not pay intt. On such advance remittance or not grant Rupee advance against foreign currency funds thus received |
||
| INWARD REMITTANCES | |||
| Encashment of TT/MT/DD, cover for which has been received. | Current TT buying rate plus handling charges as under: i) NRE a/c - No commission to be charged if proceeds deposited to NRE accounts with us. ii) Advance payment against export bills: up to Rs 5 Lacs: @ 0.15% of the amount with a minimum of Rs. 300/- and maximum of Rs600/- Above Rs 5 Lacs: @ 0.15% of the amount with a minimum of Rs. 600/- and maximum of Rs1000/- iii)All Others: Up to Rs. 50,000/- Minimum Rs. 100/- Above Rs. 50,000/- 0.15% of the amount with a minimum of Rs. 100/- and maximum Rs 600/- ( including cost of FIRC) |
||
| Encashment of TT /MT/DD, cover for which has not been received | TT buying rate plus exchange margin of 0.125% Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days Commission: Rs.102/- for inward remittance upto Rs.100,000/- and Rs.204/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| Customer personal cheque IMO/PO payable abroad | TT buying rate plus exchange margin of 0.125% Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days Commission: Rs.102/- for inward remittance upto Rs.100,000/- and Rs.204/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| CLEAN PAYMENT | |||
| Effected under the instruction of Foreign Correspondent where exchange benefit accrues to us. | Commission:- Rs.112/- for inward remittance upto Rs.100,000/- and Rs.255/- for above Rs.100,000/-. (But if proceeds are to be credited to the deposit account with us, the commission will be waived.) | ||
| Where inward remittances has to be effected in foreign currency by way of DD/PO/TT | 0.10% Minimum Rs. 100/- and Maximum Rs 5,000/- | ||
| CLEAN INSTRUMENT | |||
| Clean instrument sent for collection on all clean instrument sent abroad | 0.17% minimum Rs. 204/- and maximum Rs. 5705/- | ||
| CERTIFICATE | |||
| For inward transactions | Rs. 229/- | ||
| For clean remittances | |||
| For encashment of TT / Cheques | |||
| Currency Notes | |||
| OUTWARD REMITTANCES | |||
| Commission for all remittances other than import |
0.15% with Minimum RS 200/- ( No commission for our NRE/FCNR account holders ) | ||
| Letter of undertaking/ Letter of comfort for taking buyer's credit/Supplier's credit | 0.15% per month for specified period of liability (Minimum RS. 1000/- per guarantee) | ||
| Repayment of Trade credit (Buyer's credit /Supplier's Credit) | At 0.15 % ( With a maximum amount of Rs. 5000/-) | ||
| ISSUE OF FOREIGN CURRENCY TRAVELLERS CHQUES AND CURRENCY NOTES | |||
| Commission on rupee equivalent | 0.75% | ||
| Commission on foreign currency travellers cheques issued against foreign currency remittance received from abroad/ debited to EEFC a/c. | 0.25% | ||
| EEFC ACCOUNTS (Commission in lieu of Exchange) | |||
| Inward remittances -Where the proceeds is credited to EEFC account | Rs. 400/- | ||
| Where outward remittance is effected to the debit of EEFC account | 0.10% Minimum Rs. 100/- Maximum Rs. 7500/- | ||
| GUARANTEES | |||
| The following concessions may be given, in case of issuance of guarantee specified below: | |||
| 1. If the amount of guarantee is more than Rs 2 crores, normal charges upto Rs. 2 crores and 50% of the normal charges for the amount exceeding Rs. 2 crores. | |||
| 2. In case of guarantees (other than issued for project exports) issued against 100% cash deposit, 25% of the normal charges. | |||
| 3. In case of guarantees (other than issued for project exports) if issued against 100% counter guarantee of Govt. of India and guarantees issued on behalf of Central/State Govt. and corporation /Institutions/companies wholly owned by them, charges may be decided on case to case basis by a committee comprising of General Manager International and General Manager Credit. | |||
| 4. In case of guarantee backed by counter guarantee of reputed International bank 25% of the normal charges. | |||
| 5. The charges shall be collected on the specified period of liability of the guarantee. The specified period of liability shall mean the actual validity period for the guarantee plus the additional period during which claim can be made on the Bank under the guarantee. | |||
| Guarantee in favour of Shipping Companies/ Agencies for clearance of goods pending production of Bill of Lading. | |||
| A) Relating to imports under LCs opened by us. | Rs.255/- | ||
| Export Guarantees for Project Export - Bid Bond / Bonds for Earnest Money / Guarantee for Advance payment made by foreign buyer to Indian Exporters / Contractors | |||
| In case of guarantees covered by ECGC counter guarantee, Bank will collect commission as well as ECGC premium at applicable rates and remit collected premium to ECGC. | |||
| a) ECGC cover 75% 90% | |||
| b) ECGC Premium Actuals Actuals | |||
| c) Bank's commission 0.75% 0.60% | |||
| Total commission (b)+ (C) (b)+ (C) | |||
| In case of Guarantees issued against 100% counter guarantees of the government of india. Commission shall be charged @ 0.41% p.a. | |||
| In case of guarantees issued against cash deposits to the extent of Bank’s liabilities, commission shall be charged @ 0.31% p.a. minimum Rs. 1019/- |
|||
| In case of guarantees which are not covered by cash deposits or ECGC/GOVT OF INDIA counter guarantees, commission shall be charged @1.22% p.a. subject to minimum Rs. 1019/- | |||
| 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. However, if the bid gets frustrated, there will be no refund of that part of the commission collected. | |||
| EXPORT PERFORMANCE GUARANTEES : Bid Bond / Bonds for Earnest Money / Guarantee for Advance payment made by foreign buyer to Indian Exporters / Contractors | |||
| Gurantees covered by ECGC Counter guarantee where the cover is to the extend of 75% | 0.25% per quarter and part thereof ( Minimum Rs. 1000/-) + ECGC premium per guarantee | ||
| Where the cover is to the extend of 90% | 0.20% per quarter and part thereof ( Minimum Rs. 1000/-) + ECGC premium per guarantee | ||
| Deferred Payment Guarantee covering imports of goods into India / repayment of Foreign Currency Loan. | 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 | ||
| The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. | No change | ||
| All Other Guarantees. | 0.15% per month for the specified period of liability. | ||
| Where the guarantee period is less than two months, commission recoverable will be 0.25%. | No change | ||
| In case of early redemption of the guarantee after a period of 2 months, 50% of the commission for the unexpired period may be refunded at the discretion of the competent authority of the Bank who has sanctioned the facility. | No change | ||
| DEFERRED PAYMENT GUARANTEE | |||
| Where the entire DPG guarantee commission is collected upfront | The rate of commission and the rate of exchange (TT selling) prevailing as on the date of the DPG shall be applied. No further adjustment commission arising out of future revisions in the exchange rate shall be made. | ||
| Where deferred payment guarantee commission is recovered on instalment basis. | The rate of commission and the rate of exchange (TT selling) prevailing as on the date of recovery of each installment shall be applied. | ||
| In the event of early redemption of DPG | 50% of the Commission for the unexpired period of guarantee may be refunded subject to the condition that the original guarantee has been returned for cancellation or a confirmation has been received to the effect that there are no claims against the guarantee. | ||
| In the event of default of instalment | Interest shall be recovered at the domestic commercial rate of interest as prescribed by Reserve Bank of India from time to time from the date of default to the date of actual payment . | ||
| Where a DPG has been issued by an AD but the relative instalment payment is remitted through another AD. | The latter shall compensate the A.D. which had issued the guarantee 0.125% commission in lieu of exchange on the amount of remittance. | ||
| FORWARD CONTRACT | |||
| For each sale/purchase contract booking | Rs. 400/- per sale or purchase contract. | ||
| For early delivery/ cancellation. | Rs. 400/- per sale or purchase contract. | ||
| FOREIGN CURRENCY RUPEE OPTIONS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| CROSS-CURRENCY OPTIONS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| FRA/IRS | Rs.2,037/- per year for each million of US$ or part thereof. | ||
| Competent authority may reduce it by 25% in deserving cases. | |||
| OUT OF POCKET EXPENSES | Actuals to be recovered | ||
| OTHER CHARGES | |||
| Bank Realisation Certificate Charges, where advance remittance already received- called as M-Bill charges | INR.651/- per bill | ||
| Follow up of Bill of Entry (BOE) | Rs. 250/- per quarter. | ||
| Approval for write off of Export Bill | Rs.1000/- per bill | ||
| Processing charges for any other application to RBI/Corresponding Bank Charges | Rs. 500/- | ||
| Issuance of GR waiver certificate | Rs 500/- per GR. | ||
| SWIFT charges | |||
| Per message | Minimum RS. 500.00 | ||
| Full text LC/LG/LOU | Rs 1500/- | ||
| *- In terms of Goods and Services Tax Introduced w.e.f 01.07.2017, GST will be payable on the service rendered by the Banks for purchase or sale of foreign currency. | |||
The charges will be made effective from 10-03-2024 vide circular CHO/IW/25/2023-24 date 13.02.2024.
For Export: Transactions handled in INR, that involves enhanced due diligence as per KYC AML policy, including verification of commodity and entity, through ‘NRE’, ‘SNRR’, ‘Vostro’ & ‘SRVA held with UCO Bank’ and ‘NRE’, ‘SNRR’, ‘Vostro’& ‘SRVA held with other bank’, except for transactions related to Nepal/Bhutan.
| Revised (Exclusive of GST) | |
|---|---|
| Our Customer | Other Bank Customer |
| 0.20% (Min Rs.1000/- and Max Rs.300000/-) | 0.40% (Min Rs.2500/- and Max. INR.10,00,000/-) |
For Import: Transactions handled in INR, that involves enhanced due diligence as per KYC AML policy, including verification of commodity and entity, through ‘SNRR’, ‘Vostro’ & ‘SRVA held with UCO Bank’ and ‘SNRR’, ‘Vostro’& ‘SRVA held with other bank’, except for transactions related to Nepal/Bhutan:
| Revised (Exclusive of GST) | ||
|---|---|---|
| Our Customer | Other Bank Customer | |
| 0.20% (Min Rs.1000/- and Max Rs.300000/-) | 0.40% (Min Rs.2500/- and Max. INR.10,00,000/-) | |
| Service Charges for MSME Advances w.e.f 15.05.2018 | ||
| Service Charge (Excluding GST) | ||
| 1 | PROCESSING CHARGES (for Advances other than Term Loan & DPG)* | |
| Amount of Advance | ||
| Upto Rs 5,00,000/- | Nil | |
| Above Rs.5, 00,000/- | Rs 350/- per lac (Minimum Rs 350/-) | |
| *Applicable for sanction of Short Term Loans upto 12 months. | ||
| 2 | RENEWAL CHARGES (for Advances other than Term Loan & DPG) | |
| Amount of Advance | ||
| Upto Rs 25000 | Nil | |
| Above Rs.25, 000/- | Rs. 350.00 per lac | |
| 3 | PROCESSING CHARGES FOR TERM LOANS & DPG | |
| I. | Fresh Term Loan/DPG sanctioned | |
| Amount of Advance | ||
| Upto Rs 5,00,000/- | Nil | |
| Above Rs.5, 00,000/- | 1.1236% of the Sanctioned limit | |
| Min Rs. 600.00 | ||
| II. | Review of Term Loan (On run down Balance) | |
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- | Rs. 120.00 per lac, Min. Rs.250.00 | |
| Max. Rs.55000.00 except Retail Credit | ||
| 4 | AD-HOC SANCTION CHARGES | |
| Amount of Ad-hoc | ||
| Upto Rs 5,00,000/- | NIL | |
| Above Rs.5, 00,000/- | Normal processing charges for the period of sanction on pro-rata basis (min. Charge for 3 months) | |
| 5 | DOCUMENTATION CHARGES: | |
| Amount of Advance | ||
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- and Up to Rs.2 lacs | Rs. 350.00 Per lakh (Minimum Rs 350/-) | |
| Above Rs.2 lacs upto Rs.5 lacs | Rs.1500.00 | |
| Above Rs.5 lacs upto Rs.10 lacs | Rs.2200.00 | |
| Above Rs.10 lacs upto Rs. 25 lacs | Rs.4500.00 | |
| Above Rs.25 lacs upto Rs.50 lacs | Rs.6000.00 | |
| Above Rs. 50 lacs upto Rs.5 Crore | Rs.6000.00 | |
| Above Rs 5 Crore | Rs 15000.00 | |
| 6 | Applicable for customers falling under MSME Category | |
| Issuance of NOC (per NOC) | Rs 600/- | |
| Modification of terms and conditions of sanction | Rs.600.00 per modification | |
| Revalidation of sanction | Applicable regular processing charges, subject to ceiling of Rs.5.00 lacs. | |
| 7 | MISCELLANEOUS CHARGES : | |
| Supervision Charges (Applicable to limits of Rs. 1 crore & above) | Rs.2950.00 half year | |
| 8 | Inspection Charges | |
| Amount of Advance | ||
| Up to Rs.25,000/- | Nil | |
| Above Rs.25,000/- upto 2 lacs | Rs.200.00 per inspection | |
| Above Rs.2 lacs up to Rs.5 lacs | Rs.300.00 per inspection | |
| Above Rs.5 lacs up to Rs.10 lacs | Rs. 300.00 per inspection | |
| Above Rs.10 lacs up to Rs.20 lacs | Rs.750.00 per inspection. | |
| Above Rs.20 lacs up to 25 lacs | Rs.750.00 per inspection. | |
| Above Rs.25 lacs up to 50 lacs | Rs.1200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs.50 lacs up to 100 lacs | Rs.3200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs.100 lacs up to 200 lacs | Rs.5200.00 per insp.+Con.Char.+Out of pocket exp. | |
| Above Rs. 200 lacs | Same as above | |
| 9 | Issuance of no dues certificate (Priority Sector- MSME) | |
| No dues certificate | Rs.45.00 per certificate | |
| 10 | Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise ( Applicable in all cases where sanctioned loan/limit/disbursed amount is above Rs.5 lacs)- | |
| a. | NPA accounts where terms of compromise are strictly adhered to | Rs.1000.00 per certificate |
| b. | NPA accounts where repayment is not received as per original schedule/failed compromise is revived: | Rs.2000.00 per certificate |
| For ear-marking credit limits sanctioned by us and to be availed by the borrowers from other bank | The service charge of 1.20% per annum will be levied on quarterly basis i.e. 0.30% per quarter | |
| 11 | Commitment Charges : | |
| Commitment Charges : | Where average availment of fund based credit during a month is less than 70% of the limit sanctioned, commitment charges @1/12th percent on the unutilised limit shall be levied for that month. Service tax at applicable rate shall be added by branches to the commitment charges. (Being governed by Loan Policy Document and changes/ amendments as advised by Risk Management Dept.) | |
| 12 | Processing charges for MUDRA Loan under PMMY: | |
| Amount of Advance | Processing Charges | |
| Shishu – Up to Rs. 50,000/- | Nil | |
| Kishore –Above Rs. 50,000/- upto Rs.5 lac. | Nil | |
| Tarun – Above Rs.5 lac up to Rs.10 lac | Rs. 357 per lac. | |
| 13 | BANKS' SCHEME -PROCESSING CHARGE | Processing Charges |
| A. | UCO Roop Sangam | |
| Upto Rs. 500000/- | NIL | |
| Above Rs. 5 Lacs to 10 Lacs & upto Rs. 5.00 Lacs | Rs 350 per lakh | |
| B | UCO Bunkar Yojana | Processing Charges |
| Upto Rs. 50000/- | NIL | |
| Above Rs. 50000 & upto Rs. 5.00 Lacs | NIL | |
| C | UCO Trader | Processing Charges |
| Minimum-Rs 1000/- Maximum Rs. 20000/- (Rs Maximum Twenty Thousand Only) |
||
| FB – 0.50%, NFB – 0.25% | ||
| 14 | Review/Renewal Charges (UCO Trader): | |
| # Review/Renewal Charges (UCO Trader): as per point no. 2 and 3(ii) as above | ||
| The Processing charge,Documentation charge and Inspection charges for MSME products other than mentioned above will be applicable as per point no. 1-5 and 8. | ||
| * Note : All the Charges Mentioned above are excluding GST. | ||
Modifications/Additions in Service Charges on Deposit and Other Ancillary Services w.e.f 14-04-2024 |
||||||
1. Cash Withdrawal Charges at Non-Base Branch |
||||||
Account Type |
Free Limit (Non Base Branch) |
Charges Beyond Free Limit (Non Base Branch) |
||||
SB |
05 withdrawals a month |
₹ Rs 2/- + GST- per ₹ 1,000/-or part thereof. Minimum ₹ Rs 25/- + GST |
||||
CA/CC/OD |
||||||
2. Charge for UCO Bank Loan Repayment through Bharat Bill Payment System (BBPS) |
||||||
Transactions |
Charges applicable |
|||||
Charge for Debit Card Transaction through Payment Gateway |
|
|||||
1. For RuPay Cards |
NIL |
|||||
b) Other than Rupay Cards |
0.90% of Transaction value + GST |
|||||
Charge for Internet Banking Transaction through Payment Gateway |
₹ 5.00+ GST per Transaction |
|||||
Charge for UPI Transaction through Payment Gateway |
NIL |
|||||
Charge for other than UCO Bank Application i.e PhonePay, Paytm etc. |
NIL |
|||||
3. Revision in Debit Card Issuance, Re-Issuance and yearly AMC Charges |
||||||
Type of Card |
Card Variant |
Function |
Existing Charges |
Revised Charges |
||
Non – Personalized |
Rupay Platinum Instant |
Issuance |
NIL |
NIL |
||
Re-Issuance |
200 + GST |
250 + GST |
||||
AMC |
200 + GST |
300 + GST |
||||
Personalized |
Rupay Platinum Personalized & Rupay Merchant Credit Card |
Issuance |
200 + GST |
300 + GST |
||
Re-Issuance |
200 + GST |
300 + GST |
||||
AMC |
200 + GST |
300 + GST |
||||
Rupay Select |
Issuance |
1000 + GST |
Existing Charges |
|||
Re-Issuance |
1000 + GST |
Existing Charges |
||||
AMC |
900 + GST |
Existing Charges |
||||
Rupay NCMC Instant Print |
Issuance |
225 + GST |
250 + GST |
|||
Re-Issuance |
225 + GST |
300 + GST |
||||
AMC |
175 + GST |
300 + GST |
||||
VISA Paywave Classic Personalized |
Issuance |
175 + GST |
Existing Charges |
|||
Re-Issuance |
175 + GST |
250 + GST |
||||
AMC |
175 + GST |
250 + GST |
||||
VISA Platinum |
Issuance |
200 + GST |
300 + GST |
|||
Re-Issuance |
200 + GST |
300 + GST |
||||
AMC |
200 + GST |
300 + GST |
||||
VISA Signature |
Issuance |
250 + GST |
500 + GST |
|||
Re-Issuance |
250 + GST |
500 + GST |
||||
AMC |
200 + GST |
750 + GST |
||||
4. Charges for Modification of Registered Mobile No. in Account |
||||||
Account Type |
Charges |
|||||
All Types of Accounts |
50 + GST per instance*
* At the time of Account Opening – FREE. For 1st Modification within 2 years – FREE. Branch Head is empowered to waive charges per customer ID only once. |
|||||
The guidelines shall be applicable for charging penal charges as under:
- Penal Charges shall be charged for defaults / non-compliance by the borrower with the terms on which credit facilities were sanctioned. The Penal Charges are charged from customer to inculcate a sense of credit discipline.
- Penal Charges shall be used instead of Penal Interest, accordingly, GST at applicable rate (18% present) shall be charged above the rate of Penal Charges.
- GST invoice to customer shall be provided for GST charged on Penal Charges
- Penal Charges shall be debited in customer account separately from Interest and shall be based on daily outstanding balance excluding any balance of Penal charges i.e while charging penal charges balance outstanding excluding the balance of penal charges if unrecovered shall be used.
- Penal Charges shall be charged upto the date by when the non-compliance of terms and condition is observed but shall be debited on monthly basis.
- There shall be no capitalization of penal charges i.e., no further interest computed on such However, this will not affect the normal procedures for compounding of interest in the loan account.
- Penal Charges shall be charged as under:
SL NO. |
Reason for levying penal charges |
Quantum of penal charges linked to amount outstanding |
Specified amount for Penal charging |
Period of default/Irregularities |
1 |
Default in repayment |
Maximum to be charged on outstanding amount @ 2% + GST* on yearly basis |
Amount of default |
Default charges are to be calculated on daily basis till the period of irregularities. |
2 |
Unpaid interest in cash credit account/ excess and additional borrowings |
Maximum to be charged on outstanding amount @ 2% + GST* on yearly basis |
Amount of default |
Default charges are to be calculated on daily basis till the period of irregularities. |
3 |
Non-submission/delayed submission of Stock and /or book debt statements |
Maximum to be charged on outstanding amount @ 1% + GST* on yearly basis |
|
Default charges are to be calculated on daily basis till the period of irregularities. |
4 |
Non-submission/delayed submission of Quarterly/Half Yearly statement under information system and other financial data |
Maximum to be charged on outstanding amount @ 1% + GST* on yearly basis |
|
Default charges are to be calculated on daily basis till the period of irregularities. |
5 |
Non-Compliance/delayed compliance of borrowing covenants/terms of sanction,(Broadly included as creation of security, raising of capital by the promoter as per sanction term, security creation, shortfall in margin, asset to be insured |
Maximum to be charged on outstanding amount @ 1% + GST* on yearly basis for each instance of non- compliance. |
|
Default charges are to be calculated on daily basis till the period of irregularities. |
*The aggregate Penal Charges inclusive of all charges shall not exceed 2% plus applicable GST.
- If a Penal charge is debited in Customer a/c, auto message will be sent to customer registered mobile indicating the amount debited as Penal charges in the account along with reason for charging the same.
- While sending the Loan outstanding letter/Loan recall Notice/Demand letter or any other communication for payment of dues, the letter will contain amount total penal charges included in the total outstanding along with reason for charging penal charges.
- This guidelines will not be applicable for Trade Credits and Structured Obligations which are covered under product specific directions
- The guidelines will applicable for all Loans Sanctioned/renewed on or after 01.04.2024 and in any case it shall be ensured in all cases by 30.06.24.
Service Charges
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