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Dear Customers, We are planning for a maintenance of our systems to serve you better. Due to this there may be disruption in our services on 28th Feb 2026 between 00:30Hrs to 03:30Hrs in ATM/Netbanking/Mobile Banking/Wallet and UPI Services. Please bear with the disruption if any and we regret for the inconvenience caused.
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Call CUB’s 24 X 7 Customer Care:
Write to us: customercare@cityunionbank.in
1. Minimum monthly average balance requirement and monthly maintenance charges in SB accounts
1.1 Where debit card has been issued to an account holder
Minimum monthly average balance of Rs.7500 is to be maintained. Whenever the monthly average balance falls below the required level the revised charges will be LEVIED as below:
| Monthly Average Balance (MAB) maintained | Maintenance Charges |
|---|---|
| Upto Rs. 4000 | Rs.100 Per month |
| >Rs.4000 & Upto Rs.6000 | Rs.75 Per month |
| >Rs.6000 & Upto Rs.7500 | Rs.50 Per month |
| >Rs.7500 | No Charge |
| Debit Card Charges per Quarter were Quarterly Average Balance Maintained is less than Rs.15000/- |
Rs.100 Per Quarter |
1.2 Where no debit card has been issued to an account holder
| Branch location | Monthly minimum average balance requirement (Amount in Rs.) | |
|---|---|---|
| With cheque book facility | Without cheque book facility | |
| Metro | 3000 | 1000 |
| Urban | 2500 | 750 |
| Semi urban | 2000 | 500 |
| Rural | 1000 | 100 |
1.2.1 Maintenance charges per month in non- debit card accounts but with cheque book (In Rs.)
| Monthly Average balance maintained | Rural | Semi Urban | Urban | Metro |
|---|---|---|---|---|
| Upto Rs 100 | 25 | 30 | 30 | 30 |
| >Rs 100 & upto Rs 250 | 25 | 30 | 30 | 30 |
| >Rs 250 & upto Rs 500 | 20 | 25 | 25 | 25 |
| >Rs 500 & upto Rs 750 | 20 | 25 | 25 | 25 |
| >Rs 750 & upto Rs 1000 | 20 | 25 | 25 | 25 |
| >Rs 1000 & upto Rs 2000 | No charge | 25 | 25 | 25 |
| >Rs 2000 & upto Rs 2500 | No charge | No charge | 25 | 25 |
| >Rs 2500 & upto Rs 3000 | No charge | No charge | No charge | 25 |
1.2.2 Maintenance charges per month in non- debit card accounts without cheque book (In Rs.)
| Monthly Average balance maintained | Rural | Semi Urban | Urban | Metro |
|---|---|---|---|---|
| Upto Rs 100/- | 25 | 30 | 30 | 30 |
| >Rs 100 & up to Rs 250 | No charge | 30 | 30 | 30 |
| >Rs 250 & upto Rs 500 | No charge | 25 | 25 | 25 |
| >Rs 500 & upto Rs 750 | No charge | No charge | 25 | 25 |
| >Rs 750 & upto Rs 1000 | No charge | No charge | No charge | 25 |
The month for reckoning is calendar month.
There are exemptions from maintenance charge to the following categories of SB accounts, and Transactions through Net Banking, Mobile Banking and CUB ATMs are free
The following accounts are exempted from maintenance charge and transactions through Net Banking and Mobile Banking and CUB ATMs are free. However, Financial or non-financial transactions DONE by below mentioned SB account holders from other bank ATMs will be free upto 5 transactions per month. Thereafter the charges will be Rs.23 plus GST per financial transaction and Rs.8.50 plus GST per Non-financial transaction.
1.3 CUB BSBD product
The following facilities will be offered to our customers under the revised BSBD account:
Other conditions:
2. Minimum monthly average balance requirement and monthly maintenance charges in current accounts
| Account Type | Start-UP | Regular | Silver | Gold / General | Classic Plus / Platinum |
|---|---|---|---|---|---|
| Minimum Monthly Average Balance to be maintained |
0 | Rs.10,000/- | Rs.25,000/- | Rs.50,000 | Rs.1,00,000/- |
| Minimum Balance Maintained | Start-UP | Regular | Silver | Gold / General | Platinum / Classic Plus |
|---|---|---|---|---|---|
| MAB Above Rs.1,00,000/- | 0 | 0 | 0 | 0 | 0 |
| Rs. 75,000/- to less than Rs.1,00,000/- | 0 | 0 | 0 | 0 | 550 |
| Rs.50,000/- to less than Rs.75,000/- | 0 | 0 | 0 | 0 | 600 |
| Rs.25,000/- to less than Rs.50,000/- | 0 | 0 | 0 | 450 | 650 |
| Rs.10,000/- to less than Rs.25,000/- | 0 | 0 | 400 | 500 | 700 |
| Rs.5,000/- to less than Rs.10,000/- | 0 | 350 | 450 | 550 | 700 |
| Rs.2,500/- to less than 5,000/- | 0 | 450 | 500 | 600 | 700 |
| Less than Rs.2,500/- | 0 | 500 | 550 | 650 | 700 |
3.1 Cash Transactions in current accounts
| Current Account | Monthly Average balance | Cash Remittance (HOME & NON-HOME BRANCH) | Charges above Free Limit |
|---|---|---|---|
| START-UP | NIL | Free upto 10 times of MAB (maintained in the previous month) subject to a maximum of Rs.5 lakhs per month whichever is lower | Rs.4 per Rs.1000/- |
| REGULAR | 10000 | Free upto 10 times of MAB (maintained in the previous month) subject to a maximum of Rs.10 lakhs per month whichever is lower | Rs.4 per Rs.1000/- |
| SILVER | 25000 | Free upto 10 times of MAB (maintained in the previous month) subject to a maximum of Rs.25 lakhs per month whichever is lower | Rs.4 per Rs.1000/- |
| GOLD / GENERAL CA | 50000 | Free upto 10 times of MAB (maintained in the previous month) subject to a maximum of Rs.50 lakhs per month whichever is lower | Rs.4 per Rs.1000/- |
| PLATINUM / CLASSIC PLUS | 100000 | Free upto 10 times of MAB (maintained in the previous month) subject to a maximum of Rs.1 Crore per month whichever is lower | Rs.4 per Rs.1000/- |
**No Charges for the first month for newly opened accounts from account opening month
Cash handling charges will be recovered upfront as for all current accounts. To encourage Bulk Note Acceptor (BNA) use, above charges will be given 20% discount.
3.2 Cash transactions in CCOD accounts (including overdraft facility against FDs)
| CC / OD limit (Last quarter Average Balance) |
Free cash limit per month | Charges above the free limit |
|---|---|---|
| Upto Rs.1.00 lakh | Rs.2.00 lakhs | Rs.3.50 per Rs.1000/- |
| Above Rs.1.00 lakh and upto Rs.3.00 lakh | Rs.5.00 lakhs | |
| Above Rs 3 lakhs and upto Rs.5 Lakhs | Rs 10 lakhs | |
| Above Rs.5 lakhs upto Rs.50 Lakhs | Rs.15 lakhs | |
| Above Rs.50 lakhs upto Rs.1 Core | Rs.30 lakhs | |
| Above Rs.1 Crore | Rs.50 Lakhs |
3.3 Cash transactions in savings accounts
Where cash remitted in a month exceeds Rs 1 lac in an account but less than Rs 10 lacs, charges at Rs. 3.00 per Rs 1000 will be collected for such excess amount remitted. If it exceeds Rs 10 lacs per month, charges at Rs. 5.00 per Rs 1000 will be collected.
3.4 Cash handling charges- late receipts
Additional 25% charge to what is applicable will be levied if cash is remitted after 3.30 pm. at the branch and on BNA. The cut off time of 3.30pm will be suitably modified in respect of branches which open before 10 am or later than 10 am. Same additional 25% charge will be applicable for Cash Deposits made through the branches open on holidays like the second and fourth Saturdays to provide basic banking facilities primarily to retail customers.
3.5 Cash handling charges for small denomination notes and coins
| Denomination | Charges per bundle in excess of more than one bundle per month |
|---|---|
| Rs. 50 / Rs.20/ Rs.10 / Rs.5 | Rs. 30/- |
In case of deposit of small denomination notes viz., Rs. 50/20/10/5 etc, an additional amount per bundle as above will be recovered where such bundles are more than one. Part of a bundle will be treated as one for charging purpose. This also applies to all types of accounts i.e SB, CA and CCOD accounts. Branches are permitted to deduct the above charges then and there.
Where coins are tendered in bulk, charges will be recovered at Rs. 10 per Rs 100 in SB, CA and CC OD accounts if more than Rs. 100 is tendered on any working day in an account.
The charges will be collected with applicable GST.
4. Locker:
Locker rent is based on location of a branch where locker facility is availed. Branches are categorized into the following four categories
| Category | Rent per annum (in Rs) | |||
|---|---|---|---|---|
| Small | Medium | large | Extra large | |
| Metro | 2150 | 4750 | 7500 | 11000 |
| Urban | 1600 | 4500 | 6000 | 8000 |
| Semi urban | 1500 | 3500 | 5000 | 6000 |
| Rural | 1400 | 3000 | 4000 | 5000 |
From new locker hirers locker rent will be recovered upto March end. Subsequently, locker hirers need to pay the annual rent within 3 months after the beginning of the financial year (i.e before June end). In case of delay there will be late payment penalty at 10% per quarter (or part thereof). For example, rent remitted in November will attract 2 quarter penalty of 20%
5. Cheque book issue charges
Where the on-line or ATM channel is used for ordering a cheque book, the following charges will apply. If the request is given in a branch, handling charges of Rs.30 will be levied to improve the electronic mode apart from the following.
5.a Savings Bank account
| Particulars | Charges |
|---|---|
| Newly opened account | All newly opened Savings accounts first cheque book (20 leaves) free of cost |
| Senior Citizen Account | One Cheque Book (20 leaves) free per year |
| Additional cheque book |
|
| Exemptions |
|
| Courier charges recovery | Rs.40 as courier charges from all where cheque book issue charges are levied. |
5.b Current accounts
| Start-UP | Regular | Silver | General CA & Gold CA | Classic Plus CA & Platinum CA |
|---|---|---|---|---|
|
All newly opened Current accounts first cheque book (25 leaves) free of cost Second Cheque book onwards: Rs.6 per Leaf |
All newly opened Current accounts first cheque book (25 leaves) free of cost Second Cheque book onwards: Rs.6 per Leaf |
All newly opened Current accounts first cheque book (25 leaves) free of cost Second Cheque book onwards: Rs.6 per Leaf |
All newly opened Current accounts first cheque book (25 leaves) free of cost Second Cheque book onwards: Rs.6 per Leaf |
FREE |
Courier charges: Rs.40 applicable to all current account
5.c CC OD customers
| Cheque book issue | Rs.6 per leaf |
| Courier charges | Rs.40 |
6. Transaction / Counter Service charges
While there will be no Transaction / Counter Service charges in SB accounts, Classic Plus accounts, and Platinum current accounts, charges for other current accounts and CCOD account is given below.
| Current Account Product | Charges | |||
|---|---|---|---|---|
| Metro | Urban | Semi-Urban | Rural / UBR | |
| START-UP CA | ||||
| REGULAR CA | 5 free transactions per month after which Rs.30 per transaction | 5 free transactions per month after which Rs.30 per transaction | 5 free transactions per month after which Rs.30 per transaction | 8 free transactions per month after which Rs.30 per transaction |
| SILVER CA | 10 free transactions per month after which Rs.30 per transaction | 10 free transactions per month after which Rs.30 per transaction | 10 free transactions per month after which Rs.30 per transaction | 15 free transactions per month after which Rs.30 per transaction |
| GOLD & GENERAL CA | 20 free transactions per month after which Rs.15 per transaction | |||
| PLATINUM & CUB CLASSIC PLUS CA | Free | |||
| CCOD Accounts | 25 Free Transactions Per Quarter after which Rs.15 per transaction | |||
The charges will be recovered at quarterly interval. While counting the number of transactions, we will exclude transactions done through alternate channels like ATM transactions, on-line transactions, and system generated transactions like interest application and outward clearing cheque deposit (including outward KISOK cheque clearing)
7. Cheque return charges
| S.No | Particulars | Charges |
|---|---|---|
| 7.a | Outward clearing | |
| For instruments < Rs 10 lakh |
Rs.300/instrument | |
| For instruments = or > Rs 10 lakh | Rs.400/instrument | |
| 7.b | Inward clearing | |
| For instruments < Rs 10 lakh |
Rs. 400/instrument | |
| For instruments = or >Rs 10 lakh | Rs. 500/ instrument |
This is applicable to all accounts. For ECS/NECS/NACH returns also the above will apply
8. NEFT/ RTGS/ IMPS transactions
NEFT/ RTGS/ IMPS transactions will be charged as under
| Particulars |
NEFT | NEFT | RTGS | RTGS |
|---|---|---|---|---|
| On-line | Thro branch | On-line | Thro branch | |
| Up to Rs. 10000 | Nil | Rs.1.50 | ||
| Above Rs. 10001 to Rs.1 Lakh | Nil | Rs.4.00 | ||
| Above Rs.1 Lakh & up to Rs.5 Lakh | Nil | Rs.14.00 | ||
| Above Rs. 2 Lakh & up to Rs.5 Lakh | Nil | Rs.24.00 | ||
| Above Rs. 5 Lakh | Nil | Rs.24.00 | Nil | Rs.49.00 |
| Particulars |
IMPS |
|---|---|
| On-line | |
| Up to Rs. 1000 | Rs.2.50 |
| Above Rs. 1001 to Rs.25,000 | Rs.5.00 |
| Above Rs.25001 to Rs.5 Lakh | Rs.15.00 |
9. Non home branch transactions in CA and CCOD accounts
Non-home branch cash transactions will be charged at Rs. 20 per transaction. This charge will be applicable to all branches, instead of the earlier city branch only. This transaction fee is applicable to CA and CCOD accounts only.
10. Other services
| S No | Item | Charges |
|---|---|---|
| 1 | SB/CA closure | Rs.300 if closed within the first 12 months and Rs.150 thereafter for individuals, and Rs.600 for business entities (including proprietary concerns) if closed within the first 12 months and Rs.300 thereafter. Transfer of account from one branch to another is not treated as account closure. |
| 2 | Charges for ATM transactions in other bank ATMs | Financial or non-financial transactions by SB account holders from other bank ATMs will be free upto 5 transactions per month. Thereafter the charges will be Rs.23 plus GST per financial transaction and Rs.8.50 plus GST per Non-financial transaction This will be applicable to all other than
|
| 3 | Enquiries regarding old transactions (> 6 months old) | Free |
| 4 | SI for transfer within Bank SI for transfer outside the bank Auto Debit/Standing Instruction Transaction Failure within bank |
Free Free Rs. 50 per transaction |
| 5 | Balance certificate | Rs 25 |
| 6 | ATM cards/ Debit cards (first/ renewal/ replacement) | For card replacement at customer request, Rs 250 per card. First time issue and bank induced replacements like on validity period expiry will be issued free. |
| 7 | Balance enquiry | Free |
| 8 | Stop payment of a cheque | Rs 100 for all. 50% concession for senior citizens and individuals in rural branches |
| 9 | Signature verification | Rs 100 for all. 50% concession for senior citizens and individuals in rural branches |
| 10 | Foreign DD | For DDs in foreign currency, the exchange is as for Rupee DDs apart from collecting foreign bank transaction charge for debit in the bank’s nostro account. Schedule of exchange rate for DDs in Rupees is given below. |
| 11 | Issue of pass book | Free |
| 12 | Duplicate FDR | Free after taking necessary indemnity at customer’s cost |
| 13 | Sms charges | Savings and Current accounts SMS charges at Rs.0.25 paise per sms on alerts for the entire quarter or Rs.25 plus GST whichever is lower. This will be applied in those accounts where Quarterly Average Balance of Rs.15000 in Savings Accounts and Quarterly Average Balance of Rs.50000 in Current Accounts has not been maintained. |
| 14 | Payment by ECS | Rs 50 for all. 50% concession for senior citizens and individuals in rural branches |
| 15 | Statement of account | If printed statements are required, it will be charged at Rs 10 per sheet with a maximum of Rs 25. However, It is free for E-Statements. |
| 16 | Statement of accounts for the period prior to five years | Rs.100/- plus applicable taxes per month multiplied by the number of months requested |
| 17 | ATM/PIN generation/re-generation request at Branch | Rs 50 per request +applicable taxes |
| 18 | Decline charges for insufficient balance-other bank ATMs /POS/e-com anywhere in the world or at a merchant outlet/websites outside India | Rs.25 + applicable taxes per transaction |
| 19 | Cross-currency mark-up charges on foreign currency transactions on debit cards | 3.50% +applicable taxes |
| 20 | ATM charges –usage outside India –Balance enquiry | Rs.25 +applicable taxes |
| 21 | ATM/POS charges –usage outside India and Ecom transactions | Rs.150+ applicable taxes per transaction +3.50% cross currency Mark-up |
| 22 | Acquiring Bank Charges /commission on their card network | 2% of transaction amount |
| 23 | ECS/NACH One Time Mandate Registration/Authorization Charges | Rs 20 per request |
| 24 | Electronic-Bank Guarantee & Digital Loans, Digital Documents Execution Charges | Rs 250 +GST |
11. Remittance facilities (including through other banks) (Rupee or in foreign currency)
50% reduction on card rate will be allowed for senior citizens maintaining account with us and senior citizen’s name is the first holder in joint accounts.
| A | Account holders | Charges for all if DD / PO is issued by debit to purchaser's account |
|---|---|---|
| i | DD issue | |
| Up to Rs.500.00 | Rs. 50.00 | |
| Rs.500.00 to 1000.00 | Rs. 50.00 | |
| Rs.1000.00 to 5000.00 | Rs. 50.00 | |
| Rs.5000.00 to 10000.00 | Rs. 50.00 | |
| Rs.10000.00 to 1.00 Lakhs | Rs 3 per Rs 1000 (Min Rs 100) | |
| Rs.1.00 Lakh to 10.00 Lakhs | Rs 3 per Rs 1000 | |
| Rs.10.00 Lakhs and above | Rs 3 per Rs 1000 | |
| ii | DD cancellation | Rs. 50.00 |
| iii | DD revalidation | Rs. 50.00 |
| iv | DD-duplicate issue | Rs.100 for DDs upto Rs.5000 & Rs.250 thereafter |
| v | Banker’s cheque – Issue | |
| Up to Rs.500.00 | Rs. 50.00 | |
| Rs.500.00 to 1000.00 | Rs. 50.00 | |
| Rs.1000.00 to 5000.00 | Rs. 50.00 | |
| Rs.5000.00 to 10000.00 | Rs. 50.00 | |
| Rs.10000.00 to 1.00 Lakhs | Rs 3 per Rs 1000 (Min Rs 100) | |
| Rs.1.00 Lakh to 10.00 Lakhs | Rs 2 per Rs 1000 | |
| Rs.10.00 Lakhs and above | Rs 2 per Rs 1000 | |
| vi | Pay Order – cancellation | Rs. 50.00 |
| vii | Pay Order – revalidation | Rs. 50.00 |
| viii | Pay Order – duplicate issuance | Rs.100 for POs upto Rs.5000 & Rs.250 thereafter |
| B | Non account holders (up to a maximum of Rs,49,999/- only, by payment of cash) | |
|---|---|---|
| i | DD Issue | |
| Up to Rs.500.00 | Rs. 50.00 | |
| Rs.500.00 to 1000.00 | Rs. 50.00 | |
| Rs.1000.00 to 5000.00 | Rs. 50.00 | |
| Rs.5000.00 to 10000.00 | Rs. 50.00 | |
| Rs.10000.00 to Rs.49,999 | Rs.4 per Rs 1000 Minimum Rs. 100 | |
| ii | DD cancellation (through payment of cash, not permitted on a later date.) | Rs. 50.00 |
| iii | DD revalidation | Rs. 50.00 |
| iv | DD-duplicate issue | Rs 100 for DDs upto Rs 5000 &Rs 250/ thereafter |
| v | Banker’s cheque issue | |
| Upto Rs.500.00 | Rs. 50.00 | |
| Rs.500.00 to 1000.00 | Rs. 50.00 | |
| Rs.1000.00 to 5000.00 | Rs. 50.00 | |
| Rs.5000.00 to 10000.00 | Rs. 50.00 | |
| Rs.10000.00 to Rs.49,999 | Rs 4 per Rs.1000 Min Rs.100 | |
| vi | Pay Order – cancellation (through payment of cash, not permitted on a later date.) | Rs.50.00 |
| vii | Pay Order – revalidation | Rs. 50.00 |
| viii | Pay Order – duplicate Issuance | Rs.100 for POs upto Rs.5000 & Rs.250 thereafter |
| C | Where DD/PO is taken by remitting cash below Rs.50,000/- | Additional charges of Rs.1 per Rs.1000 will be levied as cash handling charges from all for DD/BC where the amount of DD/BC exceeds Rs.5000/- |
12. Collection of Cheques and Bills
| SB account holders general category | Senior citizens & individuals in rural areas | Service charges for other customers like CA, CCOD | ||
|---|---|---|---|---|
| i | Collection of Outstation cheques | |||
| Upto & incl. Rs.5000/- | Rs 25 per instrument | Rs 25 per instrument | Rs 50 per instrument | |
| Above Rs.5000 & upto & incl. Rs.10000 | Rs 50 per instrument | Rs 25 per instrument | Rs 100 per instrument | |
| Above Rs.10000 and upto & incl. 100,000 | Rs 100 per instrument | Rs 50 per instrument | Rs 150 per instrument | |
| Above Rs.100,000 & upto Rs 2 lacs | Rs 150 per instrument | Rs 75 per instrument | Rs 150 per instrument | |
| Above Rs.2 lacs & upto Rs 5 lacs | Rs 250 per instrument | Rs 125 per instrument | Rs 250 per instrument | |
| Above Rs.5 lacs | Rs 300 per instrument | Rs 150 per instrument | Rs 300 per instrument | |
| ii | Collection of bills | |||
| UPTO Rs.1000 | Rs.42/- | Rs.25/- | Rs.42/- | |
| Rs.1000 to Rs.5000 | Rs.52/- | Rs.35/- | Rs.52/- | |
| Rs.5000 to Rs.10000 | Rs.62/- | Rs.50/- | Rs.62/- | |
| Rs.10000 to Rs.1.00 lac | Rs.7/- per 1000 | Rs.5/- per Rs 1000 | Rs.7/- per 1000 | |
| Rs.1.00 lac to Rs 10 lacs | Rs.6/- per 1000 | Rs.5/- per Rs 1000 | Rs.6/- per 1000 | |
| Rs 10 lacs and above | Rs.6/- per 1000 | Rs.5/- per Rs 1000 | Rs.6/- per 1000 | |
| iii | Cheque collection under speed clearing | |||
| Upto & including Rs.100,000 | NIL | NIL | Rs 100 | |
| Above Rs 100000 | Rs 150 | NIL | NIL | |
Courier charges of Rs 40 will be recovered in addition to the above
13. Account opened under financial Inclusion – No frills accounts
| Collection of cheques/bills/drafts | Charges |
|---|---|
| Local | No charges |
| Outstation | No charges |
| Issuing of cheque books upto one book | No charges |
| For every additional cheque book | Rs.10 per book |
| Commission for demand drafts / Banker’s cheque | 10 paise per Rs.100 (subject to a minimum of Rs.5 per instrument) |
1.Fund Based Facilities – Agri Advances, MSME and Other Priority sector advances
(For Fresh, enhancement and renewal)
| Loan/Limit | Nature | Processing charges (other than scheme loans) | |
|---|---|---|---|
| 1.Upto Rs. 25000.00 | Priority Sector Advances (Other than MSEs) |
NIL | |
| 2.Above Rs. 25000.00 - Rs. 2.00 lakh | Rs 750 | ||
| 3. Above Rs. 2.00 lakh - Rs. 5.00 lakh | Rs 2500 | ||
| 4. Above Rs. 5.00 lakh (working capital limit) | Up to 1.00% p.a Minimum Rs. 5500 |
||
| 5. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) | Up to 1.10% Minimum Rs. 10,000 |
||
| 6.Upto Rs. 5.00 lakh (working capital & Term loan) |
Micro and Small Enterprises (MSEs) |
NIL | |
| 7.Above Rs. 5.00 lakh (working capital limit) | Up to 1.00% p.a. Minimum Rs. 5000 |
||
| 8. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) | Up to 1.10% Minimum Rs. 10,000 |
||
| 9.Upto Rs. 5.00 lakh (working capital & Term loan) |
Medium Enterprises | Rs. 2500 | |
| 10.Above Rs. 5.00 lakh(working capital & Term loan) | Up to 1.10% p.a. Minimum Rs. 10,000 | ||
| 11. Upto Rs. 5.00 lakh (working capital & Term loan) | Other advances | Up to 1.00% Minimum Rs. 5500 |
|
| 12. Above Rs. 5.00 lakh (working capital) | Up to 1.10% p.a. Minimum Rs. 7500 |
||
| 13. Above Rs. 5.00 lakh(short term , medium term loan and long term loan except for real estate exposure ) | Up to 1.10% p.a. Minimum Rs. 25,000 |
||
| 14. Above Rs. 5.00 lakh(short term , medium term loan and long term loan for real estate exposure ) | Up to 2% p.a. Minimum Rs. 20,000 |
||
| 15.Upto Rs. 5.00 lakh (KCC Crops / KCC AHDF /Other overdraft) | Agricultural advances- Farm credit including KCC Crops/ KCC- AHDF Agri Infrastructure Agri Ancillary services |
Nil (Up to Rs. 5.00 lakh) | |
| 16. Above Rs. 5.00 lakh (KCC Crops / KCC AHDF /Other Overdraft) | Up to 1.00% p.a Minimum of Rs. 5000 |
||
| 17. Above Rs. 5.00 lakh (short term , medium term loan and long term loan) | Up to 1.10% p.a. Minimum Rs. 10,000 |
||
| 17.a) Term Loan - Finance to Minor Irrigation | Agricultural advances- Farm credit Agri Infrastructure Agri Ancillary services | Up to Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | |
| 17.b) Term Loan - Farm Mechanization Scheme | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.c) Term Loan - Finance to Agri Land Development | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.d) Term Loan - Finance to Dairy Sector | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.e) Term Loan - Finance to Sheep and Goat rearing | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.f) Term Loan - Finance to poultry | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.g) Term Loan - Finance to Inland Fisheries | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.h) Term Loan - Finance to Sericulture and Moriculture | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.i) Term Loan - Finance to Vermiculture | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.j) Term Loan - Finance to Marine Fisheries Infrastructure | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.k) Term Loan - Finance to Installation of Solar water pumping system | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
| 17.l) Term Loan - Farm transport (2W/3W/4W) | Upto Rs.5.00 lakh – Nil Above Rs.5.00 lakh- Up to 1.10 %.p.a Minimum Rs.10000 | ||
2. Non Fund Based Facilities
| Limit(any quantum) | Nature | Charges | ||
|---|---|---|---|---|
| For BG / LCs limit (inland) partly secured / Unsecured and cash margin is above 10% | All Advances | 0.25% p.a. Minimum Rs.1250.00 | ||
| For BG / LCs limit (inland) partly secured / Unsecured and cash margin is 10% & below. | 0.30% p.a. Minimum Rs.1500.00 | |||
| For BG / LCs limit (inland) fully secured by deposits of our bank. | 0.10% p.a. Minimum Rs.1000.00 | |||
| If Guarantees are secured by third party deposits of our bank, then an additional 0.10% shall be charged over and above the stipulated rate. | ||||
3. CUB Schemes
| Name of the Scheme | Charges |
|---|---|
| CUB Dharani Special | 1.25% p.a (Minimum of Rs. 2000) |
| CUB Eazy Ride CUB Consumer loan |
1.25% p.a (Minimum of Rs. 1000) |
| Cub Yohavahana | 1.25% p.a (Minimum of Rs. 1000) |
| CUB Commercial Vehicle Loan | 0.50% |
| PM-Vidyalaxmi Scheme | 0.25% (Minimum) |
| CUB - Vidhya Vani (Domestic) |
Upto Rs. 7.50 lakh – Nil Above Rs. 7.50 lakh – 0.25% |
| CUB - Vidhya Vani (Foreign) |
Upto Rs. 7.50 lakh – Nil Above Rs. 7.50 lakh – 0.35% |
| CUB Sovereign Gold Bond (OD/TL) | 0.25% p.a |
| Loan against Deposit & Overdraft against Deposit | Nil |
| Supply Chain Finance – Vendor Finance and Dealer Finance | Upto 1.00% p.a |
4. Government Sponsored Schemes
| Name of the Scheme | Charges |
|---|---|
| Kalaignarin Kanavu Illam | Nil |
| PM Viswakarma | Nil |
| PM Svanidhi | Nil |
| Mudra OD Kishore | Upto 1.00% p.a. |
| Mudra OD Shishu | Upto 1.00% p.a. |
| Mudra OD Tarun | Upto 1.00% p.a. |
| Mudra TL Kishore | Upto 1.00% p.a. |
| Mudra TL Shishu | Upto 1.00% p.a. |
| Mudra TL Tarun | Upto 1.00% p.a. |
| PMMY TARUN PLUS CC | Upto 1.00% p.a. |
| NEEDS | Upto 1.00% p.a. |
| PMEGP | Upto 1.00% p.a. |
| PMEGP TL EMI | Upto 1.00% p.a. |
| PMFME | Upto 1.00% p.a. |
| Stand Up India OD | Upto 1.00% p.a. |
| Stand Up India TL | Upto 1.00% p.a. |
| UYEGP | Upto 1.00% p.a. |
5. Gold loan
| Name of the scheme | Processing Fee | Appraiser Fee | Reappraiser Fee | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri Jewel Loan | Upto Rs. 3.00 lakh - Nil Above Rs. 3.00 lakh - 0.15% p.a. |
0.25% | Between 0.15% to 0.25% | ||||||||
| Agriculture Jewel Loan – Allied Activities | Nil | 0.25% | Between 0.15% to 0.25% | ||||||||
| Agri Jewel Loan - Fisherman | Upto Rs. 2.00 lakh - Nil | 0.25% | Between 0.15% to 0.25% | ||||||||
| Non Agri Jewel Loan | 0.25% p.a. | 0.25% | Between 0.15% to 0.25% | ||||||||
| 6 months Gold Loan |
|
0.25% | Between 0.15% to 0.25% | ||||||||
| Quick Jewel Loan | 0.10% p.a. | 0.25% | Between 0.15% to 0.25% | ||||||||
| Gold Plus OD/Loan | 0.25% p.a. | 0.25% | Between 0.15% to 0.25% |
6. Other charges
6.1 Commission charges
| Non fund based | Commission Charges |
|---|---|
| Issuance of LC / BG in connection with the domestic business transactions |
1. 3 % p.a. 2.Upto Rs. 1.00 crore secured by 100% cash collateral, then commission of 1.00% p.a 3.Above Rs.1.00 crore secured by 100% cash collateral, then commission of 2.00% p.a 4.Minimum charge for any guarantee is Rs.1000/- |
6.2 Other Charges
| Charge type | Nature of advance | Charges | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1) Application Fees | MSME / NON MSME | Up to Rs. 5000.00 | ||||||||||
| CUB Eazy Ride / CUB Consumer loan | Up to Rs. 750.00 | |||||||||||
| Cub Yohavahana | Up to Rs. 750.00 | |||||||||||
| All category of advances | ||||||||||||
| 2) Unit Inspection charges (other than stock audit fees) | Up to Rs. 50.00 lakh | Rs. 5000.00 | ||||||||||
| Above Rs. 50.00 lakh - Rs. 5.00 Crore | Rs. 12000.00 | |||||||||||
| Above Rs. 5.00 Crores | Rs. 25000.00 | |||||||||||
| 3) Stock Audit Fees | Actual | |||||||||||
| Recovery at half year ends on proportionate basis | ||||||||||||
| 4) Loan review charges | For all loans over Rs. 10 lakh with sanctioned maturity period > 24 months | 0.10% p.a Minimum Rs. 2500 | ||||||||||
| 5) Commitment charges | CCOD facility with limit above Rs. 10.00 lakh |
|
||||||||||
Commitment charges - Will be charged on the unutilized part. New loans sanctioned (not enhancement or renewal) in a quarter of a financial year will be exempt from this charge for that financial quarter. Term loan / OD limit against Fixed Deposits and staff loans are exempted. The fees will be levied at quarterly interval on proportionate basis based on utilization in that quarter.
| Charge type | Charges | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6) Issuance of Solvency Certificates |
|
7. Charges for non-compliance with regulatory requirements and other similar requirements
| Nature of Charge | Charges |
|---|---|
| Non-submission of bill of entry in time | As per RBI requirement, importers are required to submit bill of entry within 6 months from the date of remittance. Where there is delay the Bank will levy 2% per annum as non- compliance fee from the 7th month till compliance. Part of a month will be treated as one month for levying charges. |
| Non-submission of stock statement and financials | Stock Statement & book Debt Statement: Rs.2500 per instance of delay. (Stock Statement not submitted within 15 days of the succeeding month to be treated as non-submission except where period is extended/ specified by the sanctioning authority or in the scheme Financial Statements: Audited Financial Statements of the previous FY to be submitted not later than 31st October of the preceding year in case of non-submission, Rs.5000/- per month of delay (part days will be treated as full month). |
8. Penal Charges – Non Compliance of sanction terms
| Nature | Charges |
|---|---|
| Non-submission of renewal papers | Rs.10,000/- for every month of delay (Non-submission of Renewal Data 30 days before the due date for renewal of limits. To be calculated on the Sanctioned Limit for the period of default/ delay). |
| Non-compliance of sanction terms pertaining to security creation (including extended timelines permitted by the competent authority) | Rs. 20,000/- for every month of delay (Penalty to be levied from the next day of the expiry of the stipulated/ extended time period for perfection of security till the security is created. To be calculated on the Sanctioned Limit for the period of default/ delay). |
| Breach of Financial Covenants | If breach in more than 2 covenants then additional interest of 1% shall be charged till financial covenant is complied with. |
| Non-compliance of sanction terms – Other Conditions | Additional interest of 1% shall be charged till the covenants are complied with. |
| Irregularity in Cash Credit / Overdraft / Term Loan Account | a) Irregularity up to 60 Days: 2.00% per annum on the irregular portion for the period of irregularity. b) Continuous irregular for a period beyond 60 days: 2.50% per annum on the outstanding for the period of irregularity. For Microfinance Loans, penalty, if any, for delayed payment shall be applied on the overdue amount and not on the entire loan amount. |
9. Penal Charges - Prepayment of loans
| Nature of charge | Nature of advance | Charges | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Prepayment / Pre closure of loan | LAD/ODAD | Nil | ||||||||
| Jewel loan | Nil | |||||||||
| Micro, Small Enterprises (MSE) | Nil | |||||||||
| Individual Borrowers for Business & Personal | Nil | |||||||||
| Others(Other than MSEs & Individuals) | Prepayment penalty of 2.00% shall be collected on the outstanding liability wherever the borrowers make request for transfer of loan /OD accounts to other banks/FIs. | |||||||||
| Delayed payment of dues including Principal, interest , service charges, retirement of bills etc | Priority Sector loans |
|
||||||||
| Delayed payment of dues including Principal, interest, service charges, retirement of bills etc | Non-Priority Sector loans |
|
||||||||
| Delayed payment of dues including Principal, interest, service charges | Education loans |
|
||||||||
| Drawings in excess of sanctioned limits(including expired limits) in CCOD accounts & KCC including WCDL | 2.00% p.a. on the overdrawn portion till the account is regularized. Penalty shall be charged for the actual number of days of overdrawing. | |||||||||
| Bills Purchased a) Demand bills b) Usance Bills |
2.00% p.a from the date of overdue and upto the date of realisation / recovery. | |||||||||
| Delay in Creation of EM charge/ second charge |
1.00% p.a. on the outstanding liability. Normally a time of 30days will be allowed for creation of charges. Delayed period starts after that date except where extension is allowed by the sanctioning authority |
|||||||||
| Delay in submission of Audited Financial statement |
2.00% p.a on the entire liability of the party for the delayed period. Penalty shall be charged for the actual number of days of delay. In case of individual / proprietary concern maximum time period allowed period is 31st August every year. For partnership firm, Corporates and others maximum time period allowed period is 30th November every year. |
|||||||||
Home Loan and Loan Against Property
1. Service charges for mortgage loans (Home loans and loans against properties)
| Nature of charge | Charges |
|---|---|
|
Loan Processing Charges (Non-Refundable) |
Up to 2% of loan amount. The processing/login fee is a one-time non-refundable fee and is collected by the Bank for the purpose of appraising the Application for the Facility and the same is independent of the outcome/result of such appraisal. The processing fee is payable at the time of submitting of the Application, by way of Cheque/Demand Draft favouring the Bank and/or such other mode as may be acceptable to the Bank. |
| Preclosure of loan facility |
NIL for Individuals and MSE’s. For all other category: Prepayment penalty of 3.00% shall be collected on the outstanding liability wherever the borrowers make request for transfer of loan / OD accounts to other banks/FIs. |
| Administrative Charges |
Up to Rs.10000.00 per property for residential/commercial property
(office or shop) up to 10000 sq.ft. For any other property/for higher
sq ft properties, bank will have the right to seek additional amount
as demanded by the valuer/lawyers. Administrative charges are a one-time non-refundable charge collected by the Lender for the purpose of appraising the valuation and legal verification of property to ascertain suitability of accepting the property for mortgage and the same is independent of the outcome /result of such appraisal. |
| Part Prepayment Fees |
Up to 20% of the outstanding principal amount in a financial year
for term loans and up to 20% of the outstanding limit in a financial
year (calculated from the limit in the beginning of financial year) – Nil Beyond 20% , the 4% on the amount prepaid shall be levied. |
| Conversion charges |
For all floating (adjustable) rate linked term loan to Fixed or floating (adjustable) Rs. 3,000. Semi Fixed / Fixed Interest Rate to Floating rate- 2% of the principal outstanding For Overdraft - 0.5% of the principal outstanding |
| Non refundable charges under CERSAI. | Rs. 100.00 for each property |
2. Other Service charges for mortgage loans (Home loans and loans against properties)
| Nature of charge | Charges |
|---|---|
| Issuance charges for photocopy of property documents / retrieval of documents post disbursement of loan – per instance | Rs.200/- per document set |
| Duplicate interest certificate (Provisional / Actual) issuance charges per instance | Rs.250/- |
| Charges of list of documents | Rs.500/- (per instance) |
| Other statutory / Mortgage creation charges like stamp duty, MOE etc | Actuals |
| Revision in spread | 0.10% of principal outstanding or Rs.3000/- whichever is higher per proposal. |
| Charges for non-adherence to Escrow account of sanction terms (Applicable for Loan against rent receivables) | 2% per annum on principal outstanding for non-compliance of agreed terms up to its fulfilment (charged on quarterly basis) |
| Property Swapping / partial Property release | 0.10% of the loan amount. Minimum of 10000 and maximum of 25000 per property |
3. Penal charges specific to mortgage loans
| Nature of charge | Charges |
|---|---|
| Penal Charges in the event of default/delay in payment / repayment of any part of the loan amount on due date | Penal Charges shall be equal to 5% per annum on the overdue sum from the due date to the actual payment date plus applicable taxes or other statutory levies, if any. |
| Penal charges for non-collection of property documents post 60 days from the loan closure date | Rs.1,000/- Every month charges will be levied till collection of documents. |
| Penal Charges for breach of construction timeline |
In case of land loan, the Borrower(s) shall complete the construction of the house within 4 years.
If the construction of the house is not completed within 4 years from the first disbursement date the Borrower shall be liable to pay Penal Charges as under: 1% annually on the principal outstanding or Rs. 50,000/- whichever is lower or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank. Penal Charges will be levied every year after 4 years till the construction is completed. |
| Renewal Fees (Applicable for Drop line Overdraft Product) | Rs.5,000/- |
| Loan / Property Document Retrieval Charges | Rs.500/- |
| Auction charges for repossessed asset | At Actuals |
| Charges incurred in filing legal suit | At Actuals |
| Charges incurred in SARFAESI proceedings | At Actuals |
| Enforcement charges | At Actuals |
| Paper advertisement charges | At Actuals |
| Professional charges (Advocate Charges/Retainer ship Charges) | At Actuals |
| Repossession charges | At Actuals |
| Security guard charges | At Actuals |
| Cheque/Auto Debit/Electronic Clearing Service bounce charges per transaction | Rs. 500/- charges per bounce/return/dishonor of cheques and /or any payment instruction including AD / ECS / NEFT / E-Cheque or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank. |
| Cheque/Repayment mode swap charges | Rs.500 |
| Charges for Amortisation Schedule | Rs. 200/- for physical print out at the branch |
| Charges for Statement of account | Rs. 200/- for physical print out at the branch |
| Charges for prepayment statement | Rs. 200/- for physical print out at the branch |
| Charges for duplicate NOC/No Dues Certificate | Rs. 250/- |
| Charge for revalidation of no objection certificate | Rs. 250/- |
| Penal charges for non-submission of the post disbursement documents | Rs. 5000/- per month (will be levied from the day the document is due till the same is not submitted) |
| Penal charges for delay in creation of EM charge and other high risk points identified from time to time | 2% p.a on the outstanding liability + GST |
Note:
Unsecured Personal loans and Business loans
1. Service charges for Unsecured Personal loans and Business loans.
| Nature of charge | Charges |
|---|---|
| Loan Processing Charges (Non-Refundable) |
Up to 2% of loan amount. The processing/loan/join fee is a one-time non-refundable fee and is collected by the Bank for the purpose of appraising the Application for the Facility and the same is independent of the outcome/result of such appraisal. The processing fee is payable at the time of submitting the Application, by way of Cheque/Demand Draft favouring the Bank and/or such other mode as may be acceptable to the Bank. |
| Prepayment of loans |
Unsecured Personal loan and Unsecured business loan (Individuals and MSE’s) – Nil. Other category of advances: 3% of the outstanding principal amount on the date of closure. |
| Penalty on EMI defaults |
Penal Charges in the event of default/delay in payment/repayment of any part of the loan amount on due date. Penal Charges shall be equal to 5% per annum on the overdue sum from the due date to the actual payment date plus applicable taxes or other statutory levies, if any. |
| Repayment mode swap charges | Rs.500 |
| Loan cancellation charges |
a. Nil – If the loan is cancelled within the free look/cooling off period (i.e., 15 days from the date of disbursement). Processing Fee will be non-refundable. b. If the loan is cancelled after the cooling off period, cancellation fee of Rs.2,500 is applicable. |
| Part payment charges | 3% on the part payment amount being paid. No part payment allowed in the first 12 months. |
| Cheque/Auto Debit/Electronic Clearing Service bounce charges per transaction | Rs. 500.00 charges per bounce/ return/ dishonor of cheques and /or any payment instruction including AD / ECS / NEFT / E-Cheque or such other amount as may be specified by the Bank from time to time and it shall be levied as per the discretion of the Bank. |
| Cheque/Repayment mode swap charges | Rs.500.00 |
| Charges for Amortisation Schedule | Rs.200.00 for physical print out at the branch |
| Charges for Statement of account | Rs.200.00 for physical print out at the branch |
| Charges for prepayment statement | Rs.200.00 for physical print out at the branch |
| Charges for duplicate NOC/No Dues Certificate | Rs.250.00 |
| Charge for revalidation of no objection certificate | Rs.250.00 |
| Penal charges for non-submission of the post disbursement documents | Rs.5000.00 per month (will be levied from the day the document is due till the same is not submitted) |
| Duplicate interest certificate (Provisional / Actual) issuance charges per instance | Rs.250.00 |
Forex Transactions:
1. Service Charges for Forex Transactions
| Transaction | Charges | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exports | ||||||||||||||||||||
| Advance Remittance for Exports | 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- | |||||||||||||||||||
| Export Bills sent on collection & Export Bill sent directly by the exporter | 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- | |||||||||||||||||||
| Regularisation of export bills against payment received in INR through RTGS/NEFT/IMPS and other similar mechanism towards export of goods | 0.15% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- | |||||||||||||||||||
| Export Bills purchase/discount/negotiation |
0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- Interest as per sanction terms |
|||||||||||||||||||
| Export Bills submitted against Advance Remittance already received |
For advance remittance received through our Bank – No charges For advance remittance received through other bank Less than one year - Rs. 1000 More than one year - Rs. 2500 |
|||||||||||||||||||
| Advising letter of credit |
Rs.1500/- per LC for customer Rs.2000/- per LC for non-customer |
|||||||||||||||||||
| Advising amendment | Rs.750/- per amendment for customers, Rs. 1000/- per amendment for non-customers | |||||||||||||||||||
| Transfer of letter of credit | Rs.2000/- for each transfer | |||||||||||||||||||
| Issuance of eFIRC | Rs.200/- per eFIRC | |||||||||||||||||||
|
Overdue export bills sent for collection where proceeds are not received in India on or before due date. (Overdue will be reckoned from 01st Jan 2016) |
For shipping bills pending for more than 9 months from the date of shipment Rs.500/- per quarter
per shipping bill to be recovered at the end of every quarter. |
|||||||||||||||||||
| Export Advance Remittance pending submission of shipping bills beyond period of one year
(For remittances received after 01.01.2016) |
Rs.500/- per remittance will be charged every quarter. |
|||||||||||||||||||
| Issuance of Certificate/Attestation of any other document including invoices | Rs.750/-per document | |||||||||||||||||||
| GR Waiver Certificate | Rs.500/- per certificate | |||||||||||||||||||
| Crystallisation of foreign currency export bill | 0.150% subject to a minimum of Rs.1000/- and maximum of Rs.10000/- | |||||||||||||||||||
| Approval for writing off of export bill | Rs.1000/-per request. | |||||||||||||||||||
| Approval for extension of due date for realization of export bill by Bank/RBI | Rs.1000/-per extension per bill. | |||||||||||||||||||
| Reimbursement claim | Rs.1000/- flat | |||||||||||||||||||
| Agency Commission | As applicable to outward remittance/FDD | |||||||||||||||||||
| Handling charges for dishonor/return of export bill unpaid | Rs.1000/- per bill plus other bank charges, if any. | |||||||||||||||||||
| Imports | ||||||||||||||||||||
| Import Letters of Credit (Issue) |
|
Same Charges Minimum – Rs.5,000/- Swift Charges – Rs.2500/- (For 100% margin deposit, 50% of the charges) In addition, overseas bank charges if any will be recovered In case of cancellation of LC (Before Expiry) Minimum Rs.5000/- will be charged and balance will be refunded to the customer. No refund of SWIFT Charges |
||||||||||||||||||
| Import Letters of Credit (Amendment) |
Rs.1000/- flat Swift Charges –Rs.1000/- flat In case of extension of period & increase in amount, charges will be collected as applicable for issuance of LC |
|||||||||||||||||||
| Import Bills under Letters of Credit | No Charges | |||||||||||||||||||
| Discrepancy Fee for bills received under LCs | USD 75 or equv | |||||||||||||||||||
| Extension of LC after expiry (within 3 months from expiry date) |
Charges will be collected as applicable for issuance of LC. Swift Charges – Rs.1000/- |
|||||||||||||||||||
| Import Advance/Direct Remittance |
Rs.1200/- flat Rs.1000/- Swift Charges |
|||||||||||||||||||
| Import Collection Bills (Non LC Bills) |
Rs.0.35%- Min – Rs.1500 Maximum - Rs.15,000 |
|||||||||||||||||||
|
Import Collection Bills (Release of Bills on Free of Payment) |
Rs.2000/- flat | |||||||||||||||||||
| Issue of Letter of Undertaking (LOU) for Buyers Credit |
3% p.a for the period of LOU subject to a minimum of Rs.5000/- (For 100% margin deposit, 1% p.a. subject to a minimum of Rs.5000/-) Swift Charges Rs.2500/-. |
|||||||||||||||||||
| Foreign Bank Guarantee/SBLC |
3% p.a for the period of BG subject to a minimum of Rs.5000/-
(For 100% margin deposit, 1% p.a. subject to a minimum of Rs.5000/-).
In addition, actual commission payable to correspondent bank will be recovered. Swift Charges Rs.2500/- |
|||||||||||||||||||
| Co-Acceptance of Import Bills received on collection basis |
3% p.a for the period of Co-acceptance subject to a minimum of Rs.5000/- (For 100% margin deposit,
1% p.a. subject to a minimum of Rs.5000/-). Swift Charges Rs.1000/- |
|||||||||||||||||||
| For foreign currency import bill required to be forwarded to another bank for remitting proceeds to the remitting bank abroad | Rs. 2000/- per bill | |||||||||||||||||||
| Release order pending receipt of shipping documents under Import LC. | Rs.1000/- for each release order | |||||||||||||||||||
| Custody charge for overdue collection bills | Rs.500/-per quarter for each bill if the bill is not paid within 10 days from the due date/date of presentation. (To be collected at the end of each quarter). | |||||||||||||||||||
| Import Outward Remittances pending submission of Bill of Entry for more than 6 months from the date of remittance |
Rs.500/- per import remittance every quarter. |
|||||||||||||||||||
| Bill of Entry pending for more than 6 months without closure or extension |
Rs.500/- per Bill of Entry every quarter. |
|||||||||||||||||||
| Other Remittances | ||||||||||||||||||||
|
Outward Remittances (Other than imports) |
For Individuals 0.30% subject to a minimum of Rs.750/- and maximum of Rs.10000/- If remittance out of education loan, Max Rs.3000/- Swift Charges – Rs.1000/- |
|||||||||||||||||||
|
For other than Individuals 0.30% subject to a minimum of Rs.750/- and maximum of Rs.25000/- Swift Charges – Rs.1000/- |
||||||||||||||||||||
| Outward Remittances for Overseas Direct Investments | 0.30% subject to a minimum of Rs.5000/- and maximum of Rs.50000/- | |||||||||||||||||||
| Foreign Currency Cheque Issue/FDD | Rs.1500/- per instrument | |||||||||||||||||||
| FCY Cheque Cancellation/Stop Payment | Rs.500/- per Cheque/FDD | |||||||||||||||||||
|
Inward Remittances (Other than Advance Remittance for Exports & Foreign Direct Investments) |
For Individuals – Nil | |||||||||||||||||||
|
For other than Individuals Upto Rs.5 lakhs – Rs.500 Above Rs.5 Lakhs upto Rs.10 Lakhs – Rs.1000 Above Rs.10 Lakhs Rs.1500 |
||||||||||||||||||||
| Inward Remittances Foreign Direct Investments |
0.30% subject to a minimum of Rs.5000/- and maximum of Rs.50000/- | |||||||||||||||||||
| UIN Creation for Overseas Direct Investment | Rs.15,000 | |||||||||||||||||||
| Merchanting Trade(Inward) | 0.30% subject to a minimum of Rs.2000/- and maximum of Rs.25000/- | |||||||||||||||||||
| Merchanting Trade(Outward) |
0.30% subject to a minimum of Rs.2000/- and maximum of Rs.25000/- Swift Charges – Rs.1000/- |
|||||||||||||||||||
| FCY Cheque Collection @ |
0.50% subject to a min of Rs.1000/- Postage & Overseas bank charges actual to be charged |
|||||||||||||||||||
| FCY Cheque Purchase @ |
Cheque purchase facility stands withdrawn. Collection/Purchase of cheques denominated in foreign currency will be done subject to availability of collection arrangement with correspondent banks and also at the discretion of the Bank. |
|||||||||||||||||||
| FCY Cheque Return Charges | Rs.1000/- flat | |||||||||||||||||||
| Forward Contract Booking | Rs.750/ | |||||||||||||||||||
| Forward Contract Cancellation | Rs.500/- | |||||||||||||||||||
| Encashment of foreign travelers cheques, travel card and currency notes | NIL | |||||||||||||||||||
| Sale of foreign currency notes | NIL | |||||||||||||||||||
| Sale of foreign currency travelers cheques and travel cards | NIL
|
|||||||||||||||||||
| Exchange of one form of foreign exchange into another | 1% with a min of Rs.100/- per transaction | |||||||||||||||||||
| Travellers Cheques/Travel CardForeign Currency Encashment Certificate | NIL | |||||||||||||||||||
| Others | ||||||||||||||||||||
| Query through SWIFT relating to exports, imports, other remittances | Rs.500/- per message | |||||||||||||||||||
| Opinion Report | Actual cost of opinion report + Rs.500/- | |||||||||||||||||||
| Foreign Inward Remittance Advice/Certificate | Rs.100/- per advice/certificate | |||||||||||||||||||
| Issuance of duplicate debit/credit advices/Swift messages/FIRC/BRC etc., | Rs.100/- per advice/Swift message | |||||||||||||||||||
| Enquiry related to old record |
Rs.250/- upto 5 years Rs.500/- above 5 years |
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OTHER RELATED POINTS
Periodicity of recovery of service charges
| S No | Item | Periodicity |
|---|---|---|
| 1 | Maintenance charges for SB/CA | The charges will be applied at end of every month. |
| 2 | Cash handling charges | As and when the transaction takes place |
| 3 | Cheque book issue | As and when issued |
| 4 | Transaction charges | Quarterly (for each calendar quarter) |
| 5 | Locker rent | In April for the year beginning April |
| 6 | ATM transaction charges | At the time of rendering service when the transaction in a month exceeds free limit |
| 7 | Others | At the time of rendering the service |
| 8 | Processing charges | As and when a loan is sanctioned and disbursed |
| 9 | SMS Charges | Quarterly (for each calendar quarter) |
| 10 | Debit Card Charges | Quarterly (for each calendar quarter) |
GST issues in Current and Savings (CASA) accounts
Tax authorities have made a claim on the Bank stating that monthly minimum balance charges collected by the Bank are to compensate the Bank towards banking services rendered in these accounts where the average balance falls below threshold level(s). The tax authorities contend that these services have been rendered free to customers who maintain balance above these threshold level(s). On this premise they have raised a claim on the Bank on GST payable by the Bank on such free services in all the accounts where the balance is above the threshold level(s). The Bank has appealed against the claim. In case the Bank is required to pay the claimed amount of GST, GST on proportionate basis will be recovered from all CASA accounts where no minimum balance charges have been levied. Per account GST will depend on likely outcome of the tax litigation.
Any modification in tax laws including GST will be to the account of the customer.
Last Updated on: 27-02-2026 07:42:13 PM
A distinct bank
for all your needs.
Anywhere... Anytime...
A distinct bank for all your needs. Anywhere... Anytime...
