Service Charges

We keep our service charges as nominal as we could. We often revise the charges from time to time, so you don't have any problem and carry on our regular operations.
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Service Charges

Deposit Accounts »

Features
Minimum Balance : Zero
Charges for non maintenance thereof : NIL
Savings Bank Account with Cheque facility Minimum Balance : RURAL Non-Rural

  • Public           : Zero
  • Pensioners : Zero
Savings Bank Accounts without Cheque facility Minimum balance : RURAL Non-Rural

  • Public            : Zero
  • Pensioners  : Zero
Charges for non maintenance thereof Savings Bank Accounts
: Rural/SemiUrban : Nil
Urban / Metro : Nil w.e.f. 01.01.2013
In-Operative Accounts SB/CA : `75/-p.a.. If the balance is less than `75/- Account to be closed.
Addition/Deletion of names in all deposit A/C’S : `100/- per occasion
Changes in operation instructions, Power of Attorney, Board Resolution etc : `100/- per occasion
Charges for Account Statement Savings Bank
Current Account
CC&OD under SIB, AGR&PER segments (except against Bank Deposits)
C&I Advances
: NIL
CA–Individuals : NIL
CA-Others : `300/- p.a.
Limits upto `25000/- : NIL
Limits over `25000/- : `300/-p.a.
`300/-p.a.
Issue of duplicate Passbook/Statement w.e.f. 19-05-2012 :
  • `100/- with entry up to past 12 months transactions.
  • `500/- with entry for more than past 12 months but not exceeding past 3 years.
  • `500/- per financial year with entry for more than 3 years.
Enquiries relating to old records (more than 12 months old) : `150/- per item.
Premature Closure of SB/CA accounts before 1 year from date of opening of account. : Individuals `220/-
Others `500/-
Charges for non-adherence to SB rules. w.e.f. 19-05-2012. : `5/- per entry(debit entries over 30 per half year.) Shall be applied in accounts on 30th June & 31st Dec.
Signature attestation / Verification : `50/-
Photo Attestation Charges : `100/-
Stop payment charges : `55/- per instrument
Charges for issue of cheque books : MICR cheques – at Mechanized `2.50 per leaf Processing centers
For non-MICR/ MICR cheques `2.00 per leaf
At other centers
CHARGES FOR MULTI CITY CHEQUES
Cheque Book Charges : `2.50 per cheques leaf (above 50 free MCC in a year )
`5/- per cheque leaf for all segments/customers.
Transaction Cost : `50/- per Transaction
Cheque Return Charges : `100/- + normal service charges for each cheque returned

Loan Accounts »

Loan Processing Chrages

Processing Charges on other Personal Loans

PARTICULARS PROCESSING CHARGES * (INCL. OF SERVICE TAX)
  1. Fast Credit
  2. Personal Loans
  3. Personal Loans to NRI’s
  4. Adhyapak Suvidha
  5. Rakshak
  6. Rail Plus
  7. Sanchar Plus
  8. Cr to Credit Card holders
  9. Mortgage Loan
  10. Kanya Vivah Suvidha
  11. Saral
  1. 0.60%
  2. 1.10%
  3. 1.10%
  4. 1.10%
  5. 1.10%
  6. 1.10%
  7. 1.10%
  8. 1.10%
  9. 1.10%
  10. 0.60%
  11. 1.10%
Processing Charges on other Personal Loans Processing Charges
  1. Software Professional Plus
  2. Paryatan
  3. Vanitha Gold
  4. Journalist Plus
  5. Tax Suvidha
  6. Udyog Bandhu
  7. Mahila Shakti
  8. Career Planner
  9. Pilot/ Air Hostess Trainees
  1. 1.10%
  2. 1.10%
  3. 1.10%
  4. 1.10%
  5. 1.10%
  6. 1.10%
  7. 1.10%
  8. 1.10%
  9. 0.60%
Housing loansMax Gain 0.50% with a cap of `10000/—do–
Car/ Vehicle Loans 0.60 % of Loan amount
Education loans
  1. `5000/- to be collected at the time of delivering sanction letter to the student/ guardian.
  2. `1000/- to be appropriated towards processing fees.
  3. `4000/- to be adjusted towards margin at the time of release of loan.
  4. If the loan in not availed for any reason `4000/- to be refunded without interest.
DL against pledge of gold ornaments `3.50/- per 1000, Min `30/- Max `110/-
OD against pledge of gold ornaments 1.10 % of the original limit subject to Max `330/-
Equitable Mortgage Charges Upto `1.00 lac – Nil, Above `1.00 lac – `200/- per lac, Max `11200/-
Prepayment ChargesFor Car Loans

For Education Loans

For Personal Loans

2% of the pre-paid amount for both floating interest rate term loans and fixed interest rate term loans.2% on the amount of the loan prepaid will be levied

No prepayment charges are levied

No prepayment charges are levied

No dues certificate Flat charge of `110/- (No charge for government sponsored schemes)
Solvency Certificate (For non-commercial purpose `250/- flat for certificate)
Upto `1.00 lac – `550/-
Above `1.00 lac & upto `25.00 lacs – `3000/-
Above `25.00 lacs & upto `50.00 lacs – `6000/-
Above `50.00 lacs – `11020/-
Charges for late payment of EMI No penal interest to be charged on Housing loans and Education loans upto `25000/-All advances excepting those mentioned above, Penal Interest at 2% is to be charged on the entire loan outstanding for the period of default.
Charges for changing from fixed to floating rates of interest At present in our Bank the option for conversion from fixed to floating rates of interest and vice versa is not available.
Charges for changing from float to fixed rates of interest At present in our Bank the option for conversion from fixed to floating rates of interest and vice versa is not available.

Other Fee Based services »

Subject to Tax Deduction at Source- Tds Exempted on Interest Earned Upto `10000/- Per Financial Year—No Tds on SB/RD A/CS—Tds Applicable For Interest Earned on Nro Deposits Without any Exemption

Updated: AS ON 01.11.2009: All Rates are Subject to Change
Charges for Other Fee Based Services

All Charges are inclusive of Service Tax. Charges subject to change

(Amount in rupees)
Lockers
Type of locker Metro/Urban/Semi
Urban
Rural
1 yr 2 yrs 3 yrs 1 yr 2 yrs 3 yrs
A 1000 2000 3000 750 1500 2250
B 1000 2000 3000 750 1500 2250
C 2500 5000 7500 1500 3000 4500
D 2500 5000 7500 1500 3000 4500
E 2500 5000 7500 1500 3000 4500
F 3000 6000 9000 2500 5000 7500
G 3000 6000 9000 2500 5000 7500
H 3000 6000 9000 2500 5000 7500
I 5000 10000 15000 4000 8000 12000
SMS Charges With effect from quarter ending September 2013, SMS charges of Rs.15/- (Plus Taxes) per quarter
Debit
Cards/ATM Card
Card is issued free of cost.
Drafts/TT/MT/BC
Issue Upto `10000/-
- `30/-;b) Over
`10000/-`2.50 per 1000/- Min `50/- Max `12500/-Issue of Duplicate
DD. – `100/- per instrument
Cancellation/Revalidation `100/- per instrument irrespective of amount.
Outstation cheque collection (including National Clearing)
  1. Upto `10000/- – `56/- per instrument
  2. `10000/- to1 lac – `112/- per inst.
  3. 1 lac `169/- per instrument.
NEFT Money
Transfer
Inward = FREE Outward :

  • Upto `1 lac — Free.
  • `1 lac to `2 lacs `15/- per transaction.
  • Above `2 lacs `25/- per transaction (w.e.f. 01.07.2012)
  • RTGS Money
    Transfer
    Inward=FREE Outward=

  • `1 lac to `2 lacs -
    N.A.
  • For rest see below
  • Time Varying Tariff and Service Tax on RTGS Transactions
    Block Time of Settlement at RBI Charges per transaction for Outward Transactions
    Sl no From To Transacting Amount (` in lakhs) Service Charge Service Tax @ 12.36% Total Charges
    1 09.00 hrs 12.00 hrs `2 lakhs to `5 lakhs 25.00 3.00 28.00
    Above `5 lakhs 50.00 6.00 56.00
    2 12.00 hrs 15.30 hrs `2 lakhs to `5 lakhs 26.00 3.00 29.00
    Above `5 lakhs 51.00 6.00 57.00
    3 15.30 hrs 17.30 hrs `2 lakhs to `5 lakhs 30.00 4.00 34.00
    Above `5 lakhs 55.00 7.00 62.00
    Cheque return charges (Outward Returns & Inward Returns)
    For Savings Account
    Current, Overdraft
    Cash Credit Accounts
    Local: `75/- +Other Bank charges if any.Outstation: `150/- + other bank charges if any.

    Out of pocket expenses: `15/- for Ord Post

    `35/- for registered post.

    ECS Debits returns for insufficient funds `112/- per transaction
    Cheque Book
    Issue
    SB: 60 leaves in a calendar year: FREE; CA/CC/OD:
    `2.5 per leaf
    Domestic Money Transfer – Non-Home Transactions in CBS
    P-Segment Free of Charge Upto
    `20000/- per day
    SME Segment Free of Charge Upto
    `100000/- per day
    Revised Charges for transaction through Alternate Delivery Channels w.e.f. 01.11.2014 (Excluding Service Tax)
    Average Monthly Balance Savings Bank Transactions Charge (proposed based on number of transactions) Monthly limit on number of Debit Transactions Monthly Limit on number of free ATM Transactions (both financial and non-financial transactions)
    Other Banks’ ATM Own Bank ATMs (SBG)
    Branch# Internet/ Mobile Banking In 6 Metro Centres Other centres Any centre
    < ` 1000/- 4 20 3 5 5
    > ` 1000/- upto ` 25,000/- 4 40 3 5 5
    > ` 25000/- upto ` 50000/- 10 Free 3 5 Unlimited
    > ` 50,000/- upto ` 1,00,000/- 15 Free 3 5 Unlimited
    > ` 1,00,000/- No limit Unlimited
    Charges for Financial Transactions beyond the set limit (` per txn) 20/- 5/- 20/- 20/- 5/-
    Charges for Non-Financial Transactions beyond the set limit (` per txn) - - 8/- 8/- 5/-

    Foreign Exchange Related Services w.e.f. 10.09.2008: »

    PARTICULARS REVISED CHARGES * (INCL. OF SERVICE TAX)
    Export Bills Purchased/ Negotiated/DiscountedProcessing charges for each foreign currency export bill

    Processing charges for each rupee export bill

    Commission For bills upto USD 5000
    Rs 600/-
    For bills over USD 5000 `1200/-
    0.30%
    Minimum `600/- Per bill
    For forwarding export documents on which no collection, commission or exchange accrues to the bank (i.e. from one bank to the other in India) 0.30%
    Min.`1000/- per bill
    Reimbursement charges under Letter of Credit Upto USD 5000
    `600/-
    Over USD 5000 & upto USD 1 lac – `1200/-
    Over USD 1 lac
    `1500/ -per reimbursement
    Forwarding export documents to another bank for negotiation to whom LC is restricted by the bank, which has booked the forward contract. 0.30 %
    Minimum ` 1000/-

    In respect of transactions other than US Dollars »

    In respect of transactions other than US Dollars, the ceilings in amount would mean equivalent of the amount in USD. For export bills (in foreign currency / Rupees) Purchased / Negotiated / Discounted, in addition to the above charges interest at the appropriate rate to be recovered for the transmit period.

    For joining customers’ guarantees and giving guarantees on behalf ofcustomers in respect of discrepant documents 0.20 % Minimum ` 1000/-
    Overdue export bills purchased/negotiated/discounted, where proceeds are not received in Nostro Account on orbefore the due date. ** ` 700/- per quarter or part thereof
    Charges for discrepancies in export document under L C. USD25 / -
    Collection Bills
    Both foreign currency and rupee export bills.
    0.15 %
    Min.`600/-
    Max. `25,000 / -
    Export bills sent for collection where proceeds are notreceived within 6 months** `700/- per quarter or part thereof
    For each complete set ofexport document sent by the exporter directly to overseas buyer in termsof extant FEMA regulations while disposing of the relative GR forms. ` 700/- per bill
    Thischarge is in addition to commission recovered while crediting proceedsof advance payment in the customer’s account.
    Additional charge where proceeds of the bills are receivedthrough a Bank other than the collecting Bank at the instance ofExporter/Overseas buyer 0.15 %
    Minimumof `600/-
    Certificates Issuanceof certificates / attestation in respect of export transactions. `120/-per certificate
    Registration of export contracts. ` 700/- flat per registration.
    `400/- flat per amendment.
    Processing fee foradvance against Government sponsored incentive scheme. 0.50 % Minimum `500/-
    Max.25,000 / -.
    Export letter of credit:
    Advisingletter of credit
    (recording,scrutinizing, authenticating,
    Verification)
    `1500/- flat per Letter of Credit.
    Advising amendments ` 600/- flat per amendmen

    Applicable also in case of deferred exports »

    Applicable also in case of deferred exports if the relative proceeds are not received within the stipulated period. Not applicable in case of bills drawn on countries with externalization problem but paid in local currency and the exporters has obtained necessary approval from Reserve Bank.

    Confirmation charges

    1. Commitment charges
    2. Usance charges
    0.175% for every quarter or part there of
    0.175 % for bills up to 10 days’ sight
    0.35 % for bills up to 10 days’ and up to 3 month’s sight.0.35 % for the first 3 months plus 0.090% for every month in excess of three months, for bills over 3 months sight.

    $ LC up to ` 5 crores Normal Rate, LC Above `5 crores up to ` 10 crores

    Up to ` 5 crores – normal rate plus,
    For amount in excess of ` 5 crores – 50% of normal rate

    LC Above ` 10 crores
    Up to ` 5 crores – normal rate plus
    For amount in excess of ` 5 crores & Up to ` 10 crores – 50 % of normal rate plus
    For amount in excess of ` 10 crores – 25 % of normal Rate.

    Min ` 600/- for all customers plus processing fee for adding
    confirmation ` 1500/-.

    Transfer of letter of credit `700/- flat for each advice of transfer
    Acceptance commission for accepting usance drafts to be drawn on and accepted by Banks in India.) 0.175 % per Quarter and part thereof
    Minimum 1500/-

    Import Related Transactions »

    $ Concession for confirmation of High value export LCs are applicable for both Commitment charge and Usance charge.

    Commission For establishing Letter of Credit (LC)

    1. Commitment charges
    2. Usance charges
    For LCs upto `5 crores
    0.175% for every quarter or part thereof

    1. 0.175 % for bill upto10 days’ sight.
    2. 0.35% for bills over 10 days and up to 3 months sight,
    3. 0.35% for the first three months plus 0.090 % for every month in excess of three months, for bills over three months sight.

    $ LC above `5 crores & upto ` 10 crores: Upto 5 crore – normal rate plus
    For amount in excess of ` 5 crores – 50 % of normal rate.

    LC above ` 10 crores: Up to ` 5 crores – normal rate plus
    For amount in excess ` 5 crores and
    Upto ` 10 crores – 50% of normal rate plus
    For amount in excess of ` 10 crores – 25% of normal rate.
    Minimum ` 600/- for all customers

    Commission for establishing LCs on 100% cash margin As per table-I Revised Annexed
    Amendment to LCs:Extension of validity of LC within the period for which commitment charges have been collected `700/- for all customers
    Where extension of validity of credit goes beyond the period for which commitment charge has been collected. Commitment charges as applicable to establishment of LC.
    Min. ` 600 / -
    Enhancement of value of credit Usance and commitment charges as applicable to establishment of LC.
    Amendment extending the tenor of the Bill of Exchange. Normal usance charge plus additional usance charge at 0.09 % per month or part thereof.

    Concession for confirmation of High »

    $ Concession for confirmation of High value export LCs are applicable for both Commitment charge and Usance charge.

    Amendment other than extension of validity or enhancement of tenor of the Bill of Exchange including Deferred payment LCs/ Guarantees `700/- flat for all customers
    For revival of expired LCs within 3 months from date of expiry Commitment and usance charges from date of expiry to validity date of revived LC
    Countersigning Bills of Exchange drawn on importers under LCs. 0.1% per month
    Minimum 0.25% for the tenor of the bill in addition to commitment and Usance charges.
    (Now Introduced)
    Revolving letters of credit. a) Commitment charge 0.175 % for every quarter or part thereof on the maximum amount of drawing permitted at any one time during the period from date of establishment of LC to the last date of validity and 0.175% on each amount reinstated from date of reinstatement to the date of subsequent reinstatement or the last date of validity of LC.
    Usance charge as per tenor of the bill on the maximum amount of drawing permitted at one time 0.175 % for bill upto10 days sight,
    0.35 % for bills over 10 days sight and up to 3 months sight.
    0.35% for the first 3 months plus 0.090 % for each month in excess of three months for bills over 3 months sight.$ LC up to ` 5.00 crore: Normal rate.

    LCs above `5 crore & upto ` 10 crore: -Upto 5 crore – normal rate Plus
    -For amount in excess of ` 5 crores – 50 % of normal rate.

    LCs above ` 10 crores: -Upto ` 5 crores – normal rate plus
    -For amount in excess ` 5 crores and upto
    ` 10 crores – 50% of normal rate Plus
    -For amount in excess of ` 10 crores –
    25% of normal rate.
    -Minimum ` 600/- for all customers
    No change in commitment and Usance charges.

    $ Concession for confirmation of High value export LCs are applicable for both Commitment charge and Usance charge.

    For establishing LCs / Guarantees on deferred payment terms covering import of goods: @ (a)Commission on the balance outstanding at the beginning of each quarter

    SBH1/ SBHTL1
    SBH2/ SBHTL2
    SBH3/ SBHTL3
    SBH4/ SBHTL4

    Against GOI counter guarantee or 100 % cash Deposit.

    (Rates per quarter or part thereof)

    Upto ` 5 crore ` 5 to 10 crore Above
    `10 crore
    0.60% 0.30% 0.15%
    0.60% 0.30% 0.175%
    0.60% 0.30% 0.175%
    0.60% 0.50% 0.25%

    0.60% per quarter or part thereof for all customers rated below SBH4/SBHTL4

    0.09% 0.075% 0.075%
    @ Consortium Advances: Floor rate for retention of charges by any member bank for opening of LC and issue of BG will be as determined by the consortium of banks. However, a floor rate of 50% of the charges will have to be normally retained in our case. For reduction of the floor rate below 50% discretionary rests with Managing Director.
    Amendments: a) Extending validity period within 3 months (for which commission has already been collected). `600/- flat
    Extending validity beyond 3 months period Additional commission at 0.60% per quarter or part thereof.
    Commission on import bill (under LCs)
    Foreign currency bills at the time of crystallization or retirement, whichever is earlier.
    0.125 %
    Charges on account of discrepant documents USD 30 to be taken from outside party (Discrepancy charges should be stipulated at the time of opening LC)
    Import bills received under letter of credit on which no exchange benefit accrues to opening bank. 0.225 %
    Rupee bills at the time of retirement.
    ii) If Bills are not retired within 10 days from date of receipt of the bills in case of demand bills and on the due date in case of usance bills.
    0.225 %Additional 0.125 %
    Commission on import bills (not under L/C)
    Where exchange margin is earned on foreign currency bills
    0.225 % Minimum `600/-
    On each bill drawn in rupees and on each bill drawn in foreign currency on which no exchange margin accrues. 0.35 % Minimum `1000/-
    On bills/ documents covering project imports under inter-governmental aid scheme (including those financed by international agencies like World Bank, IMF, ADB, etc) where no letter of credit are opened. Flat 0.075 % Minimum `600/-
    In case of document received by importers directly from overseas exporters `2500/- for all customers
    Non-customers ` 3500/-
    If the overseas remitting bank or the exporter abroad requests proceeds of collection of bills to be remitted in a currency other than the currency of the bill. Additional commission at 0.175 %
    10. Parcels In all cases `600/- per month.

    Inward Remittances »

    Type of transaction
    Encashment of TTs and purchase of MTs/ DDs in respect of which cover has been received in Nostro A/cs.
    Apply current TT Buying Rate. No exchange Margin or interest to be charged.
    Encashment of TTs and purchase of MTs / DDs where reimbursement is to be obtained in cover by drawing DDs on overseas branches of correspondent Bank. Apply current TT Buying Rate plus exchange margin @ 0.125%. plus interest @ 15 % for a minimum period of 10 days.
    Encashment of customer’s personal cheques, demand, drafts, international money orders, bankers pay orders payable abroad. Apply current TT Buying Rate Plus exchange margin @ 0.125%(our FCIP rate includes both the above components) plus interest @ 15 % for a minimum period of 10 days + ` 100/-
    Rupee Draft issued by correspondent Bank
    Drawn on the branch where correspondent bank rupee A/c is maintained.
    Free of charge
    Drawn on Branch under special arrangement where correspondent Bank rupee A/c is not maintained. Free of charge
    Clean payment Effected under instructions from foreign correspondents.
    Stop Payment
    Payment against draft ` 100/-
    Payment against TT ` 150/-
    `100/-
    Where the inward remittance has to be paid in foreign currency by way of a demand draft /mail transfer/ payment order /telegraphic transfer. ` 600/- flat per transaction
    Certificates: A)For issuing bank certificate on security paper/Bank’s letter head in respect of clean remittances from abroad and/ or for Encashment of foreign currency traveler’s cheques/foreign currency notes.
    B) Issue of Certificates on Banks letterhead (where Rupee value of inward remittance does not exceed ` 5,000/-).
    ` 100 / – per certificate
    ` 100/- per certificate
    Note: No certification charges for issuance of certificate to the NRI depositors

    Outward Remittances »

    On all foreign currency outward remittances not being proceeds of import bills.Issue of duplicate foreign currency draft Individual ` 100/- .For others
    ` 600/- flat per remittance plus actual out of pocket expenses ie., postage, courier & telegram charges.
    Individuals ` 100/- + actual out of pocket expenses.
    Others ` 300/- + out of pocket expenses.
    Rupee Remittances Individuals: 0.125% Min. 125/- in all cases
    Others: 0.30% Min. ` 600/- in all cases
    Outward remittances from FCNR (B) A/cs, NRE A/cs Free of charge
    Stop payment charges in respect of Draft issued on ForeignCorrespondents A uniform charge of 20 units of respective currency or the actual charges whichever is higher, is to be charged

    Clean Instruments for Collections »

    Clean instruments sent abroad for collection. Individuals at 0.30%, Min ` 300/-
    Others at 0.30%(, Min `600/-
    Maximum ` 25000/-).
    1. Opinion Report for exporter / importer (both)
    2. Opinion Report on our customer provided to foreign Bank.
    1. Actual paid to outside agencies plus out of pocket expenses
    2. USD 25/- per opinion to be recovered from foreign banks.(Now Introduced)

    Merchanting Trade »

    (If foreign currency remittances are received in advance by the exporter from the overseas buyer and the funds are held in Nostro account at the specific request of the exporter)Commission:

    1. On import bills received under back to back LC.
    2. On export bills drawn by merchant exporters
    No charges specified.
    0.225%
    0.225%

    Forward Contracts »

    1. For booking of sales and purchase contracts
    2. For each request for early delivery, extension or cancellation
    1. ` 700/- flat per contract
    2. ` 700/- plus swap cost and cancellation charges wherever applicable.

    Foreign Currency Travellers Cheques »

    Sale of foreign currency Travelers cheques:

    1. Commission on rupee equivalent value of traveller cheques sold to Indian Residents.
    2. Commission on foreign currency travellers cheques issued against foreign currency remittance at the request of the beneficiary.
    1. 1 %
    2. 0.25 %

    Foreign Currency Loans »

    FCDL Transaction fee (Upfront)
    FCTL Transaction fee (Upfront)
    PCFC & EBR (for Debit & Credit transactions)
    `25,000/-
    `35,000/-
    USD 30

    EEFC Transactions »

    Transaction Type Revised Charges
    Debits in EEFC Account (per transaction)
    EEFC Account maintained in Sevice Charges per transaction
    USD USD 5.00
    EUR EUR 5.00
    GBP GBP 2.50
    JPY JPY 150.00
    Credits in EEFC Account (per transaction)
    EEFC Account maintained in Sevice Charges per transaction
    USD USD 5.00
    EUR EUR 5.00
    GBP GBP 2.50
    JPY JPY 150.00

    Guarantees »

    agencies pending production of Bill of Lading.

    1. Where LCs have been opened by us
    2. Other guarantees
    1. `700/- flat
    2. 0.30% for 3 months plus 0.150% for each additional month.
    Guarantees for Project exports Performance guarantees(*)

    1. ECGC Cover
      1. 75 %
      2. 90 %
    2. Against 100 % GOI Counter Guarantee
    3. Against 100 % Cash Deposits to the extent of Banks liability
    4. Other guarantees (Not covered by a/b/c above)
      1. 0.50% p.a.+ECGC premium
      2. 0.40% p.a.+ECGC premium
    1. 0.045% per month or part thereof Minimum 0.150 %
    2. 0.030%. per month or part thereof minimum 0.125 %
    3. 1.15% per annum.

    (*) Proportionate charges to be recovered for the completed months or part thereof

    Other Export Performance Guarantees, Bid Bonds & those for deemed exports (@) 0.10 % per month,
    Minimum 0.30 %
    All other Guarantees ** Where

    1. 100 % GOI counter Guarantee
    2. 100 % cash deposit to the extent of bank’s liability.
    3. Others
    0.175 % per month Min. 0.30%
    As per Table II annexed.
    0.175 % per month Min. 0.30%
    Guarantees issued on behalf of overseas banks/parties(where charges are payable by overseas banks / parties) 0.175% per month
    Minimum 0.30%

    (@) Includes export performance guarantees, Bid Bonds etc., (other than for project exports) and export performance guarantees covering export obligations in terms of import trade control regulations and export performance guarantees / bid- bonds connected with deemed exports.

    The period of liability for calculations of charges shall include the claim period.

    OUT OF POCKET EXPENSES Such as Telex/ Cable/ Swift / Correspondence Bank’s Charges Actual to be recovered
    STAMP DUTY As per charges prescribed by Government of India

    Issuance of Rate Certificates »

    (Now Introduced)

    Period Non-Customers Customers Discretion
    Upto past 12 months `250/- for a block of 4 different currency rates or part thereof. 50% charges of what is applicable to non-customers Branch Managers of AGM / Scale IV incumbency branches and AGM at controlling office in case of other branches will have discretion to grant waiver upto 100% to customers on client-specific business considerations.
    More than 12 months upto 60 months `500/- for a block of 4 differential currency rates or part thereof. - do - - do -
    More than 60 months `1000/- for a block of 4 different currency rates or part thereof - do - - do -
    Notes:

    1. Actual out of pocket expenses to be recovered in all cases.
    2. Charges for service not covered above will continue as extant
    3. Where the business is shared between other banks, the charges would be shared in the agreed

    proportion. Where bank charges are to be recovered from the overseas buyers/ sellers but are
    refused by them such charges shall be recovered from the customers

    Letters of Comfort & Service Charges »

    1. Backed by 100 % discharge of liability (Viz., cash margin, sanctioned term loan, guarantee of First Class bank, 100 % lien on drawing power) —- 0.6875 % p.a.
    2. Others — 2.75 % p.a.Minimum charge for 3 months will be recovered. Table – I LETTER OF CREDIT – CHARGES (Established against 100% cash deposit)(Import Transactions) (All figures in percentage)
    Up to ` 5 Crore For the portion of LC from ` 5 Crores to ` 10 Crores. For the portion of LC beyond ` 10 crore
    Category of Customers
    (Rating – wise)
    Nature of Charges 10 Days 3 Months 6 Months 10 Days 3 Months 6 Months 10 Days 3 Months 6 Months
    SBH-1 Commitment Usance 0.045 0.045 0.045 0.090 0.090 0.165 0.0175 0.0175 0.0175 0.035 0.035 0.065 0.0125 0.0125 0.0125 0.0225 0.0225 0.040
    SBH-2 Commitment Usance 0.045 0.045 0.045 0.090 0.090 0.165 0.0225 0.0225 0.0225 0.045 0.045 0.080 0.0125 0.0125 0.0125 0.0225 0.0225 0.040
    SBH-3 Commitment Usance 0.045 0.045 0.045 0.090 0.090 0.165 0.035 0.035 0.035 0.070 0.070 0.125 0.0175 0.0175 0.0175 0.035 0.035 0.065
    SBH-4 & Below Commitment Usance 0.045 0.045 0.045 0.090 0.090 0.165 0.045 0.045 0.045 0.090 0.090 0.165 0.0225 0.0225 0.0225 0.045 0.045 0.080
    Non-customers Commitment Usance 0.045 0.045 0.045 0.090 0.090 0.165 0.045 0.045 0.045 0.090 0.090 0.165 0.0225 0.0225 0.0225 0.045 0.045 0.080

    Note:

    1. The above charges should be recovered, subject to a minimum of ` 600/-
    2. Margin for exchange fluctuation may be retained, if so warranted, along with 100% Cash Deposit.

    Table – II GUARANTEES – CHARGES (ISSUED AGAINST 100% CASH DEPOSIT)

    Nature of GUARANTEE SBH-1 SBH-2 SBH-3 SBH-4 Below Non customer
    Export Performance Guarantee (other than those issued for project export) issued against a) 100% cash deposits to the extent of Bank’s liability 0.030 % per month Min. 0.100 % 0.030 % per month Min. 0.100 % 0.030 % per month Min. 0.100% 0.030% per month Min. 0.100% 0.030 % per month Min. 0.100%
    All other guarantees against a) 100% cash deposits to the extent of Bank’s liability 0.045% per month Min. 0.175% 0.045% per month Min. 0.175% 0.045% per month Min.0.175% 0.045% per month Min.0.175% 0.045% per month Min.0.175%

    Margin for exchange fluctuation may be retained, if so warranted, along with 100% Cash Deposit.