Service Charges (applicable wef April 5 2023)

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
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

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.20 per transaction.

1.3 CUB BSBD product

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


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.50,000/- 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 Upto Rs 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. 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.


9. Locker rent

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

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%.


10. 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.

10a 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<10000
  • - 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 40 as courier charges from all where cheque book issue charges are levied.

10b. 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.6/leaf thereafter 1st 25 Leaf Free of Charges,Rs.6/leaf thereafter FREE
Where QAB is less than Rs.1 Lakh 1st 25 Leaf Free of Charges, -Rs.6/leaf thereafter 1st 25 Leaf Free of Charges,Rs.6/leaf thereafter Rs. 6 Per Leaf

For all other current accounts Rs.6 per Leaf

Courier charges: Rs 40 Applicable to all Current Accounts


10c. CC OD customers

Cheque book issue Rs 6 per leaf
Courier charges Rs 40

11. 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.


12. Cheque return charges

S.No Particulars Proposed Charges
12.a Outward clearing

For instruments < Rs 10 lakh
Rs.300/instrument

For instruments = or > Rs 10 lakh Rs.400/instrument
12.b Inward clearing

For instruments < Rs 10 lakh
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

13. 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

14. 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.

15. 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.20per transaction.This is applicable to all other than
  • - 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
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
  • - 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
17 ECS/NACH One Time Mandate Registration/Authorization Charges Rs 20 per request

16. 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

B 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

17. 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 40 will be recovered in addition to the above


18. 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)

19. 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 Agri OD limits(Fresh and renewal) 1.00% Minimum of Rs 5500
For agricultural advances above Rs. 2.00 lakh and uptoRs. 5.00 lakh
0.10%% pa with minimum of Rs 300
For Agricultural loans above Rs.5.00 lakh (short term, medium term and long term loans)
1.10 % Minimum Rs.8000
For non-priority advances upto Rs. 5.00 lakh
0.30% pa with a minimum of Rs 750
For all jewel loans (other than agri) (processing, appraising and documentation)
0.50%
For all jewel loans (agri) (appraising )
0.25%
CUB Swarna OD/ CUB Swarna Loan
Upto Rs 50.00 lakh
Above Rs 50.00 lakh to Rs 1.00 Crore

0.25%
0.15%
Super NAJL
Upto Rs 3.00 lakh
Above Rs 3.00 lakh to Rs. 5.00 lakh
Above Rs 5.00 lakh to Rs. 10.00 lakh

0.10%
0.15%
0.20%
CUB Sona Pawn
Upto Rs 50.00 lakh
Above Rs 50.00 lakh to Rs 1.00 Crore

0.25%
0.15%
LAD/ODAD Against Own Deposits/Third Party Deposits
NIL
For advances above Rs. 5.00 lakh
For all advances above Rs. 5.00 lakh (For MSE)
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 Rs.8000
For all advances above Rs. 5.00 lakh (Other Priority Advances)(Other Than MSE’s)
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 Rs.10000
For all advances above Rs. 5.00 lakh (Non priority Advances)
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) Except for real estate exposure & future rent receivables
1.10 % Minimum Rs.8000
For loans(short term, medium term and long term loans) for Real estate exposure & future rent receivables and Loans for non productive purposes
2% of Sanctioned amount/limit Minimum Rs.10000
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, & CUB Eazy Ride 1.25% Minimum Rs 1000
CUB – Yohavahana 1.25% Minimum Rs 1000
CUB SwayamGraha
Upto Rs 25.00 lakh
Above Rs 25.00 lakh
0.25%
0.35%
Minimum Rs 1000
Loan against Property 0.50%
CUB - Easy business 1.00%
Minimum Rs 8500
CUB - Dharani Special 1.25%
Minimum Rs 2000
CUB- VidhyaVani (for studies in India) Upto Rs 10.00 lakh NIL
CUB- VidhyaVani (for studies abroad) Upto Rs 20.00 lakh 0.20%
Minimum Rs3000

Non fund based – commission Commission Charges
Issuance LC / BG in connection with the domestic business transactions a) 3 % per annum
b) 1 % p.a if 100% cash collateral is available in the form of margin
c) 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. 1500
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 10000
Limit above Rs. 5 crores 20000
Stock audit fees Actual
Recovery at half year ends on proportionate basis

20. 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.

21. Pre-closure of loan facility

TYPE CHARGES
LAD/ODAD NIL
Jewel Loan NIL
All floating rate term loans availed by Individual borrowers for purposes other than business. NIL
MSME borrowers – if loan closed from own sources NIL


For all other advances (other than the advances mentioned above)

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 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
If the pre-closure amount in case of term loan or loan limit sanctioned is more than Rs. 3.00 crore 4% of the pre-closure sanctioned amount in case of term loan and 4% of the limit in case of sanctioned CCOD facility will be charged

22. 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.

23. 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 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.
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

24. 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 (for SMA 1 & SMA 2).

25. 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)

26. The revision is applicable from April 5th 2023. 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.

27. 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.

28. 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.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in EDPMS within 1 month from the date of debit of charges.
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.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in EDPMS within 1 month from the date of debit of charges.
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)
Validity Upto 3 months Beyond 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 months 1.10% 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 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.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 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.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in IDPMS within 1 month from the date of debit of charges.
Bill of Entry pending for more than 6 months without closure or extension Rs.500/- per Bill of Entry every quarter.

Executive-in-charge of IBD will have discretion to refund 50% of charges if details are submitted and matched in IDPMS within 1 month from the date of debit of charges.
Other Remittances
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, 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
@Cheque purchase facility stands withdrawn. On specific request, proceeds will be credited after receipt of funds in our nostro account without waiting for cooling period for customers with good track record and relationship value.
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 1%
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





Other Related Points

ANNEXURE II – FREE OF CHARGE ACCOUNTS

1) CUB YOUNG INDIA:
2. CUB JUNIOR INDIA:
3. CUB NRE SAVINGS:
4. CUB PMJDY SAVINGS:
5. CUB BSBD ACCOUNTS:

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

Last Updated on: 08-02-2024 03:25:29 PM

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