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Service Charges (applicable wef April 1 2022)

 

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 per month to be maintained. where monthly average balance fallS below this level charges will be LEVIED as below

MONTHLY AVERAGE BALANCE (MAB) REQUIREMENT

MAINTENANCE CHARGES PER MONTH

UPTO RS 1000

Rs. 45 PM

>RS 1000 & UPTO RS 2000

Rs. 45 PM

>RS 2000 & UPTO RS 3000

Rs. 45 PM

>RS 3000 & UPTO RS 4000

Rs. 35 PM

>RS 4000 & UPTO RS 5000

Rs. 30 PM

>RS 5000 & UPTO RS 7500

Rs. 20 PM

>RS 7500

NO CHARGE

DEBIT CARD CHARGES PER QUARTER WHERE AVERAGE BALANCE MAINTAINED IS LESS THAN RS 15000

RS 40 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

Monthly avg balance maintained

Rural

Semi Urban

Urban

Metro

>Rs 100

22

22

22

22

>Rs 100 & upto Rs 250

22

22

22

22

>Rs 250 & upto Rs 500

17

17

17

17

>Rs 500 & upto Rs 750

17

17

17

17

>Rs 750 & upto Rs 1000

17

17

17

17

>Rs 1000 & upto Rs 2000

No charge

17

17

17

>Rs 2000 & upto Rs 2500

No charge

No charge

17

17

>Rs 2500 & upto Rs 3000

No charge

No charge

No charge

17

 

 

1.2.2 Maintenance charges per month in non- debit card accounts without cheque book

 

Monthly average balance maintained

Rural

Semi Urban

Urban

Metro

1 to Rs 100

Rs 22 pm

22

22

22

>Rs 100 & up to Rs 250

No charge

22

22

22

>Rs 250 & upto Rs 500

No charge

17

17

17

>Rs 500 & upto Rs 750

No charge

No charge

17

17

>Rs 750 & upto Rs 1000

No charge

No charge

No charge

17

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

  • Newly opened accounts for the respective quarter

  • Accounts in newly opened branches of less than one year old

  • Accounts in centres where we do not have ATM

  • Staff accounts

  • CUB Janatha savings accounts (No frills accounts) (now called basic savings account)

  • Accounts with CUB card holders

  • NRI accounts

 

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.25 (inclusive of GST)per transaction for financial and Rs.10 (inclusive of GST) per transaction for non-financial.

  • Salary Savings Accounts

  • Young India Accounts

  • Junior India accounts

1.3 CUB BSBD product

The following facilities will be offered to our customers under the revised BSBD account:

  • The deposit of cash at bank branch as well as ATMs/CDMs

  • Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments

  • No limit on number and value of deposits that can be made in a month

  • Four withdrawals in a month, including ATM withdrawals

  • No Cheque book facility

  • ATM-cum-Debit card will be issued

  • Free passbook facility

 

 

2 Minimum monthly average balance requirement and monthly maintenance charges in General current accounts 

Minimum Monthly average balance to be maintained is Rs. 50,000/- Per Month, If monthly average balance falls short of Rs. 50,000/- month, charges will be levied at amount shown below

Minimum Balance Maintained

GENERAL CA

MAB Above Rs.1,00,000/-

0

Rs. 75,000/- to Rs.1,00,000/-

0

Rs.50,000/- to Rs.75,000/-

0

Rs.25,000/- to Rs.50,000/-

450

Rs.10,000/- to Rs.25,000/-

500

Rs.5,000/- to Rs.10,000/-

550

Rs.2,500/- to 5,000/-

600

Less than Rs.2,500/-

650

 

3.a Minimum monthly average balance requirement and monthly maintenance charges in classic plus current accounts

Minimum average balance requirement in classic plus account is Rs 1 lac, If average balance falls short of Rs.1,00,000/-, monthly charges will be levied at amounts shown below

 

Minimum Balance Maintained

CUB CLASSIC PLUS

MAB Above Rs.1,00,000/-

0

Rs. 75,000/- to Rs.1,00,000/-

550

Rs.50,000/- to Rs.75,000/-

600

Rs.25,000/- to Rs.50,000/-

650

Rs.10,000/- to Rs.25,000/-

700

Rs.5,000/- to Rs.10,000/-

700

Rs.2,500/- to 5,000/-

700

Less than Rs.2,500/-

700

3.b Minimum monthly average balance requirement and monthly maintenance charges for other Current Accounts

 

Account Type

Start-Up

REGULAR

SILVER

GOLD

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

PLATINUM

MAB Above Rs.1,00,000/-

0

0

0

0

0

Rs. 75,000/- to Rs.1,00,000/-

0

0

0

0

550

Rs.50,000/- to Rs.75,000/-

0

0

0

0

600

Rs.25,000/- to Rs.50,000/-

0

0

0

450

650

Rs.10,000/- to Rs.25,000/-

0

0

400

500

700

Rs.5,000/- to Rs.10,000/-

0

350

450

550

700

Rs.2,500/- to 5,000/-

0

450

500

600

700

Less than Rs.2,500/-

0

500

550

650

700

4 Cash transactions in current accounts

 

S.no

Cash received in the account

GENERAL CA

CLASSIC PLUS CA

1

Cash to quarterly average balance (QAB) up to 12.5 times in the previous calendar quarter

No Charge

No Charge

2

Cash to QAB exceeds 12.5 times but is < 125 times in the previous calendar quarter

Charges at Rs.2.50 per Rs.1000

Charges at Rs.2.25 per Rs.1000

3

Cash to QAB exceeds 125 times in the previous calendar quarter

Charges at Rs.4.50 per Rs.1000

Charges at Rs.4.25 per Rs.1000

 

CURRENT ACCOUNT

CASH TO QUARTERLY AVERAGE BALANCE (QAB) UP TO 12.5 TIMES IN THE PREVIOUS CALENDAR QUARTER

CASH TO QAB EXCEEDS 12.5 TIMES BUT IS < 125 TIMES IN THE PREVIOUS CALENDAR QUARTER

CASH TO QAB EXCEEDS 125 TIMES IN THE PREVIOUS CALENDAR QUARTER

START-UP

No Charge

Charges at Rs.5 per Rs. 1000

Charges at Rs.6 per Rs. 1000

REGULAR

No Charge

Charges at Rs.4 per Rs.1000

Charges at Rs.5 per Rs.1000

SILVER

No Charge

Charges at Rs.3 per Rs.1000

Charges at Rs.4.75 per Rs.1000

GOLD

No Charge

Charges at Rs.2.50 per Rs.1000

Charges at Rs.4.50 per Rs.1000

PLATINUM

No Charge

Charges at Rs.2.25 per Rs.1000

Charges at Rs.4.25 per Rs.1000

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

 

 

 

5 Cash transactions in CCOD accounts (including overdraft facility against FDs)

 

S No

CC OD limit

(Last quarter avg balance)

Free cash limit per month

Charges above the free limit

1

UptoRs 1 lac

Rs 2 lacs

Rs 2.75 per Rs 1000

2

Above Rs 1 lac and upto Rs 3 lacs

Rs 5 lacs per month

3

Above Rs 3 lacs and upto Rs 5 lac

Rs 10 lacs per month

4

Above Rs 5 lac to Rs 1 cr

Rs 15 lacs per month

5

Above Rs 1 cr

Rs25 lac per month

6 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 pm, charges at Rs. 5.00 per Rs 1000 will be collected.

 

7 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.

 

8 Locker rent

Locker rent is based on location of a branch where locker facility is availed. Branches are categorised into the following five categories

  • Metro 1

  • Metro 2

  • Urban

  • Semi Urban and

  • Rural

Category

Rent per annum in Rs

Large/ Extra large

Medium

Small

Metro 1

5300

3350

1850

Metro 2

4800

2850

1600

Urban

4300

2350

1300

Semi Urban

3300

2350

1300

Rural

3300

2350

1300

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%.

 

9 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 25 will be levied to improve the electronic mode apart from the following.

9a Savings Bank account

Newly opened account

One cheque book (20 leaves) free if opened with an amount above QAB requirement

Senior Citizen Account

One Cheque Book (20 leaves) free per year

Additional cheque book

  • Rs 3 per leaf where QAB

  • One cheque book per financial year is free if QAB for the previous quarter at the time of issue is between Rs 10000 and Rs 50000. Charges at Rs 3 per cheque leaf are applicable from the second cheque book in a year.

  • Cheque book free if QAB for the previous quarter at the time of issue >Rs 50000

Exemptions

  • Staff accounts

  • No frills accounts

  • NRI accounts

Courier charges recovery

Rs 35 as courier charges from all where cheque book issue charges are levied.

9b Current accounts

CURRENT ACCOUNT*

SILVER

GENERAL CA & GOLD

CLASSIC PLUS CA & PLATINUM

Where QAB is more than Rs.1 Lakh

1st 25 Leaf Free of Charges, -Rs.5/leaf thereafter

1st 25 Leaf Free of Charges,

Rs.5/leaf thereafter

FREE

Where QAB is less than Rs.1 Lakh

1st 25 Leaf Free of Charges, -Rs.5/leaf thereafter

1st 25 Leaf Free of Charges,

Rs.5/leaf thereafter

Rs. 5 Per Leaf

For all other current accounts Rs.5 per Leaf

Courier charges: Rs 35 Applicable to all Current Accounts

 

9c CC OD customers

Cheque book issue

Rs 5 per leaf

Courier charges

Rs 35

 

 

10 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.

 

Transaction / Counter Service charges

Charges

Current Acounts

 

START-UP CA

Rs. 50 per transaction done

REGULAR CA

Rs. 25 per transaction done

SILVER CA

4 free transactions per month after which Rs. 25/ per transaction done

GOLD & GENERAL CA

20 free transactions per month after which Rs. 15/ per transaction

PLATINUM & CUB CLASSIC PLUS CA

Free

CCOD accounts

25 Free Transaction 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.

 

11 Cheque return charges

 

S.No

Particulars

Proposed Charges

11.a

Outward clearing

 

 

For instruments

Rs.300/instrument

 

For instruments = or > Rs 10 lakh

Rs.400/instrument

11.b

Inward clearing

 

 

For instruments

Rs. 300/instrument

 

For instruments = or >Rs 10 lakh

Rs. 400/ instrument

This is applicable to all accounts. For ECS/NECS/NACH returns also the above will apply

 

12 NEFT/ RTGS/ IMPS transactions

NEFT/ RTGS/ IMPS transactions will be charged as under

 

 

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

 

 

IMPS

On-line

Up to Rs. 1000

Rs.1.00

Above Rs. 1001 to Rs.25,000

Rs.2.50

Above Rs.25001 to Rs.2 Lakh

Rs.7.50

 

 

13 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.

 

14 Other services

 

S No

Item

Charges

1

SB/CA closure

Rs.300 if closed within the first 12 months and Rs.150thereafter 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.25 (inclusive of GST)per transaction for financial and Rs.10 (inclusive of GST) per transaction for non-financial.

  • NRE accounts

  • SB accounts where previous calendar quarter QAB >Rs 50000

3

Enquiries regarding old transactions (> 6 mths old)

Free

4

SI for transfer within Bank

SI for transfer outside the bank

Free

 

Free

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

SMS charges at 17 paise per sms on alerts for the entire quarter or Rs 17 plus GST whichever is lower. This will be applied in accounts where prescribed minimum balance of Rs.10000 for Savings Accounts has not been maintained

 

SMS charges at 28 paise per sms on alerts for the entire quarter or Rs 28 plus GST whichever is lower. This will be applied in accounts where prescribed minimum balance of Rs.25000 for 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

ATM/PIN generation/re-generation request at Branch

Rs 50 per request

 

15 Remittance facilities (including through other banks) (Rupee or in foreign currency)

No DD/PO charges for staff

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 1.00lakhs

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 uptoRs 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 1.00lakhs

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

 

Non account holders

 

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 1.00lakhs

Rs4 per Rs 1000 Minimum

Rs 100

 

Rs.1.00 Lakh to 10.00 Lakhs

Rs 4 per Rs 1000

 

Rs.10.00 Lakhs and above –

Rs 4 per Rs 1000

Ii

DD cancellation

Rs. 50.00

Iii

DD revalidation

Rs. 50.00

iv

DD-duplicate issue

Rs 100 for DDs uptoRs 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 1.00lakhs

Rs 4 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

 

 

C

Where DD/PO is taken by remitting cash

Additional charges of Re1 per Rs 1000 will be levied as cash handling charges from all for DD/BC where the amount of DD/BC exceeds Rs 5000

 

16 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 &uptoRs 2 lacs

Rs 150 per instrument

Rs 75 per instrument

Rs 150 per instrument

 

Above Rs.2 lacs&uptoRs 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 35 will be recovered in addition to the above

 

17 Account opened under financial Inclusion – No frills accounts

 

Collection of cheques/bills/drafts

 

Local

No charges

Outstaion

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)

18 Processing and inspection charges

 

Fund based

 

Processing charges (other than scheme loans)

For advances uptoRs. 25,000/- (for priority sector and micro & small enterprise advances)

NIL

For priority sector advances above Rs. 25,000/- and upto 2.00 lakhs (other than micro & small enterprises advances)

Rs 500

For priority sector advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh (other than micro & small enterprises advances)

Rs 2000

For micro & small enterprises advances uptoRs. 5.00 lakh

NIL

For agricultural advances uptoRs. 2.00 lakh.

NIL

For agricultural advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh

0.10%% pa with minimum of Rs 300

For non-priority advances upto Rs. 5.00 lakh

0.30% pa with a minimum of Rs750

For all jewel loans (other than agri) (processing, appraising and documentation)

0.50%

For all jewel loans (agri) (appraising )

0.25%

 

 

For all advances above Rs. 5.00 lakh (both priority & non-priority) (other than scheme loans)

Nature of facility

Processing Charge

For working capital limits (both new and renewal)

1.00% p.a.

Minimum Rs 5500

For loans (short term, medium term and long term loans)

1.10 %

Minimum Rs8000

Term loan review charges: (for all loans over Rs. 10 lakh with sanctioned maturity period > 24 months)

0.10% pa

Minimum Rs 2500

 

 

Scheme loans

Processing Charge

CUB Consumer, Easy Ride, YohaVahana, Dharani

1.25%

Minimum Rs. 750

CUB SwayamGraha

1.00%

Minimum Rs. 750

CUB - Easy business

1.00%

Minimum Rs 8500

CUB - Dharani Special

1.25%

Minimum Rs 2000

CUB- VidhyaVani (for studies in India)

NIL

CUB- VidhyaVani (for studies abroad)

0.25%

Minimum Rs3000

 

Non fund based - commission

Commission Charges

Issuance LC / BG in connection with the domestic business transactions

  1. 3 % per annum

  2. 1 % p.a if 100% cash collateral is available in the form of margin

  3. Minimum charge for any guarantee is Rs.1000/-

 

 

Non fund based - Processing charges

Processing Charges

For BG / LCs limit (inland) partly secured / Unsecured (new or renewal) and cash margin is greater than 10%.

0.25%

Minimum Rs. 1250

For BG / LCs limit (inland) partly secured / Unsecured (new or renewal)and cash margin is 10%.

0.30%

Minimum Rs. 1250

For BG / LCs limit (inland) fully secured by deposits with CUB (new or renewal)

0.10%

Minimum Rs. 1000

 

50% of loan processing charges will be recovered upfront at the time of conveying sanction to a borrower, subject to a maximum of Rs 2 lacs. The advance amount recovered will be adjusted against full amount at the time of availing the newly sanctioned limit

 

Unit inspection charges (other than stock audit fees)

Per annum in Rs

Limit Below Rs. 2.00 lacs

NIL

Limit above Rs. 2.00 lacs & uptoRs. 10.00 lacs

2250

Limit above Rs. 10.00 lacs and uptoRs. 50.00 lacs

3250

Limit above Rs. 50 lacs & uptoRs. 5 crores

8000

Limit above Rs. 5 crores

17500

Stock audit fees

Actual

Recovery at half year ends on proportionate basis

 

 

19 Commitment charges for non utilisation of sanctioned limit

 

S No

Facility

Utilisation level

Charges

1

CCOD facility with limit >Rs 10 lakh

Below 25%

0.75% pa

Between 26% to 50%

0.50%pa

Above 50%

No charges

This 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 Loans and OD limits against FDs and staff loans will be exempt. The fees will be levied at quarterly interval on proportionate basis based on utilization in that quarter.

20 Pre-closure of loan facility (for loans other than priority sector loans excluding micro, small enterprises and housing loans)

Pre-closure of loan facility (for loans other than priority sector loans excluding micro, small enterprises and housing loans) as mentioned below. It will not apply to loans against FDs and gold loans not falling under priority sector.

Loan Limit

Pre-Closure Charge

If the pre-closure amount in case of term loan or loan limit sanctioned is less than Rs. 3.00 crore

1% of the pre-closure Sanctioned amount in case of term loan and 1% of the limit in case of sanctioned CCOD facility will be charged

If the pre-closure amount in case of term loan or loan limit sanctioned is more than Rs. 3.00 crore

2% of the pre-closure sanctioned amount in case of term loan and 2% of the limit in case of sanctioned CCOD facility will be charged

21 Processing fee- advances

In respect of new credit facility, 50% processing fee will be recovered before sanction letter is issued and the balance at the time of availing the facility. This 50% amount is non-refundable even if the facility is not availed later.

22 Charges for non-compliance with regulatory requirements and other similar requirements

The Bank is taking lot of efforts in ensuring compliance with regulatory and similar other requirements. Some customers show little importance to such requirements and the Bank’s follow up efforts take unnecessary time and effort. To bring some sort of discipline, and also to part recover expenditure in follow up, charges will be recovered as indicated below. This is apart from other punitive efforts the Bank and/or regulator may prescribe.

 

S No

Item

Remark

1

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 1% per annum as non- compliance fee after the period of 6 months. The recovery will be at 1/12% per month and will be recovered from the 7th month till compliance. Part of a month will be treated as one month for levying charges

2

Late payment of locker rent

10% incremental rent for each quarter of default after giving a grace period of 3 months from the date the rent falls due.

3

Non submission of stock statement and financials

As given in the terms of sanction to individual borrower

 

23 Overdue interest in loan accounts (CCOD and other loans)

Penal interest will be collected at 2% over applicable rate for the overdue period on the entire outstanding

 

24 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)

 

25 The revision is applicable from April 1 2022. The charges are exclusive of GST. Applicable GST will be collected separately as per the rates in force.

Any modification in tax laws including GST will be to the account of the customer.

 

26 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.

 

ANNEXURE II – FREE OF CHARGE ACCOUNTS

 

  1. CUB YOUNG INDIA:

  • Free Welcome Kit

  • Free Net Banking

  • Free Debit/ATM Card

  • Free Mobile Banking

  • Free SMS

  • No Maintenance charges

  • No Transaction charges

 

  1. CUB JUNIOR INDIA:

  • Free Welcome Kit

  • Free Net Banking

  • Free Debit/ATM Card

  • Free SMS

  • No Maintenance charges

  • No Transaction charges

 

  1. CUB NRE SAVINGS:

  • Free Welcome Kit

  • Free Net Banking

  • Free Debit/ATM Card

  • Free Mobile Banking

  • Free Cheque Book

  • Free SMS

  • No Maintenance charges

  • No Transaction charges

 

  1. CUB PMJDY SAVINGS:

  • Free Rupay Card

  • Free SMS

  • Free Life cover for Rs. 30,000/-

  • No Maintenance charges

 

  1. CUB BSBD ACCOUNTS:

The following facilities will be offered to our customers under the revised BSBD account:

  • The deposit of cash at bank branch as well as ATMs/CDMs

  • Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments

  • No limit on number and value of deposits that can be made in a month

  • Four withdrawals in a month, including ATM withdrawals

  • No Cheque book facility

  • ATM-cum-Debit card will be issued

  • Free passbook facility

 

 

27. 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/-
 
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/- for non-customers.
Transfer of letter of credit Rs.2000/- for each transfer
Issuance of eFIRC Rs.100/- 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)
ValidityUpto 3 monthsBeyond 3 months and
upto 6
Months
Usance
Sight 0.65%0.85%
Upto 3 months 0.80%1.00%
Beyond 3 months and upto 6
months1.10%1.30%
If the validity or usance period exceeds 6 months – 0.20% will be charged additionally for each 3 month block

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

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.1000/- flat

Rs.1000/- Swift Charges

 
Import Collection Bills (Non LC Bills) Rs.0.35%- Min – Rs.1500
Maximum - Rs.50,000

 
Import Collection Bills
(Release of Bills on Free of Payment)
Rs.2000/- flat
Issue of Guarantee/SBLC for Buyers Credit 3% p.a for the period of SBLC/Guarantee 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.
 
Remittances & Others
Outward Remittances (Other than imports) 0.30% subject to a minimum of Rs.500/- and maximum of Rs.50000/-

If remittance out of education loan from our Bank, Max Rs.3000/-

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.1000/- per instrument
FCY Cheque Cancellation/Stop Payment Rs.500/- per Cheque/FDD
Inward Remittances
Foreign Direct Investments
0.30% subject to a minimum of Rs.5000/- and maximum of Rs.10000/-
 
Inward Remittances
(Other than Advance Remittance for Exports & Foreign Direct Investments)
Upto Rs.5 lakhs – Rs.500
Above Rs.5 Lakhs upto Rs.10 Lakhs – Rs.1000
Above Rs.10 Lakhs Rs.1500
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 1000/-

Postage & Overseas bank charges actual to be charged
FCY Cheque Purchase@ @ - Charges same as collection
FCY Cheque Return Charges@ Rs.1000/- flat
 @ This service is subject to availability of collection arrangement with correspondent bank
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 0.01
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
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

 

 

 

27. SERVICE CHARGES FOR FOREX TRANSACTIONS

 

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/-
 
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/- for non-customers.
Transfer of letter of credit Rs.2000/- for each transfer
Issuance of eFIRC Rs.100/- 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)
ValidityUpto 3 monthsBeyond 3 months and
upto 6
Months
Usance
Sight 0.65%0.85%
Upto 3 months 0.80%1.00%
Beyond 3 months and upto 6
months1.10%1.30%
If the validity or usance period exceeds 6 months – 0.20% will be charged additionally for each 3 month block

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

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.1000/- flat

Rs.1000/- Swift Charges
 
Import Collection Bills (Non LC Bills) Rs.0.35%- Min – Rs.1500
Maximum - Rs.50,000
 
Import Collection Bills
(Release of Bills on Free of Payment)
Rs.2000/- flat
Issue of Guarantee/SBLC for Buyers Credit 3% p.a for the period of SBLC/Guarantee 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.
 

 

Remittances & Others
Outward Remittances (Other than imports) 0.30% subject to a minimum of Rs.500/- and maximum of Rs.50000/-

If remittance out of education loan from our Bank, Max Rs.3000/-

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.1000/- per instrument
FCY Cheque Cancellation/Stop Payment Rs.500/- per Cheque/FDD
Inward Remittances
Foreign Direct Investments
0.30% subject to a minimum of Rs.5000/- and maximum of Rs.10000/-
 
Inward Remittances
(Other than Advance Remittance for Exports & Foreign Direct Investments)
Upto Rs.5 lakhs – Rs.500
Above Rs.5 Lakhs upto Rs.10 Lakhs – Rs.1000
Above Rs.10 Lakhs Rs.1500
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 1000/-

Postage & Overseas bank charges actual to be charged
FCY Cheque Purchase@ @ - Charges same as collection
FCY Cheque Return Charges@ Rs.1000/- flat
 @ This service is subject to availability of collection arrangement with correspondent bank
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 0.01
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
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

 

 

  • GST on all the above charges will be collected in addition to the charges.
  • Foreign currency conversion GST will be collected as notified by GoI from time to time
  • For NRI customers – No charges for inward & outward remittances except foreign currency conversion GST
Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home.Click Here for Instant Account Opening                Click here for Instant e-PAN Home Page.        COVID-19 Precautions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe        
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