Service Charges

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Service Charges

Deposit Accounts »

DESCRIPTION CHARGES(including service tax @ 12.36%) w.e.f. 01/04/2015
Duplicate Passbook/Statement of Accounts With latest balance Rs 112/- (Rs 112/- additional per 40 entries for previous entries)
Account Closure (SB)(a)   Within 14 days Nil
(b)   Account closure (SB) Beyond 14 days but up to 6 months For Individual -337Others – 562

Excluding Basic and small accounts opened under FI

(c)    Account closure after 6 months but before 12 months For Individual  -225Others    -   562

Excluding Basic and small accounts opened under FI

Transfer of Accounts Per occasion  (Inclusive of postal charges) 112
Setting of SI (one time fee) 56
Failed SI 253 Per S.I.
Failed EMI(Excluding Govt. Sponsored scheme) Rs. 562 per EMI
PER segment Gold loan safe keeping chargesTo be charged 30 days after the expiry of the prescribed tenure of gold loan 843
No. of cash deposit transaction in SB Account (Excluding financial inclusion accounts) First 5 Txns in a month – NIL.  Thereafter, Rs 56 per txn in a month (excluding alternate channel transactions)
Balance certificate per instance 169
Interest certificate –First –FreeExtra copy per certificate 169
Signature verification per instance 169
No due certificate Priority sector No charges
No due certificate( others) Individual  112Firm  225
Photo attestation charges per instance 169
Record copy of the cheque per instance 169
Loan to pensioners one time processing charges Rs. 562
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 0.25% with a cap of `10000/—do–
Car/ Vehicle Loans 0.60 % of Loan amount
Education loans Processing charge of Rs 1000/- would be collected in all cases for studies abroad at the time of handing over the sanction letter.

  1. If the loan is availed:
    1. Refund to the student for limits for Rs 4.00 lakhs and below.
    2. Appropriate towards students margin for limits of above Rs 4.00 lakhs and upto Rs 10.00 lakhs
    3. Appropriate to Bank’s commission account in respect of loans above Rs 10.00 lakhs.
  2. If the loan is not availed after the sanction: Appropriate to Bank’s commission account in all cases irrespective of the loan amount.

No processing charges on Education Loans sanctioned for Studies in India.

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 LoansFor 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 leviedNo 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
LOCKER TYPE RENT w.e.f 01.04.15
Rural and Semi Urban Urban and Metro
A 843 1124
B 843 1124
C 1685 2809
D 1685 2809
E 1685 2809
F 5618 5618
G 5618 5618
H 5618 5618
I 4494 5618
L 8427 8427
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
    COLLECTION OF CHARGES FOR NON-HOME CASH TRANSACTIONS
    Collection of Charges for Non-Home Cash transactions are automated in CBS w.e.f. 01.12.2014:
    Type of Transaction Charges
    (Inclusive of Service Tax)
    ‘All Segments’ Cash Deposit – upto Rs.50,000/- per day Rs. 2/- per thousand or part thereof, with Minimum of Rs.50/-
    ‘All Segments’ Cash Withdrawal per day (Self Only) – Maximum Rs.50,000/- Free
    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. 10.04.2014: »

    PARTICULARS REVISED CHARGES * (INCL. OF SERVICE TAX)
    Export Bills Purchased/ Negotiated/DiscountedProcessing charges for each foreign currency export billProcessing charges for each rupee export bill Commission For bills upto USD 5000
    Rs 600/-
    For bills over USD 5000 `1200/-
    0.30%
    Minimum `1000/- 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 and usance and grace period if applicable.

    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 within 6 months. ` 250/- per month or part thereof
    Charges for discrepancies in export document under L C. USD50 / -
    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** `300/- per month 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. `250/-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:
    Advising letter of credit
    (recording,scrutinizing, authenticating,
    Verification)
    `1500/- flat per Letter of Credit.
    Advising amendments ` 600/- flat per amendment.

    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. Issuance  charges
    2. Usance charges
    All-in-one rates applicable as quoted for import letters of credit in import related transactions.

    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 »

    All-In-One rates for opening of Import Letters of Credit
    1. Commission For establishing

    Letter of Credit (LC)

    i)                    Issuance  charges

    ii)                   Usance charges

    Note: Erstwhile’ Commitment’ charges now termed as Issuance charges.

    SIGHT IMPORT LETTER OF CREDIT

    Issuance Charges: 1.40% p.a. of LC Value* (For bills upto 10 days’ sight only)

    *Upto Rs.5.00 cr Normal rate
    *Above Rs.5.00 cr to Rs.10.00 crs Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto 10.00crs

    *Above Rs.10.00 cr Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto Rs10.00crs

    Plus

    25% of normal rate above Rs.10.00 crs

    Minimum one quarter charges to be recovered for all customers but not less than Rs.600/- in any case

    USANCE IMPORT LETTER OF CREDIT

    Normal Sight LC issuance Charges plus Usance Charges:1.08% p.a. of LC Value* to be recovered.

    *Upto Rs.5.00 cr Normal rate
    *Above Rs.5.00 cr to Rs.10.00 crs Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto 10.00crs

    *Above Rs.10.00 cr Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto Rs10.00crs

    Plus

    25% of normal rate above Rs.10.00 crs

    Minimum one quarter charges to be recovered for all customers but not less than Rs.600/- in any case.

    2. Commission for establishing LCs on 100% cash margin 25% of the normal applicable charges.
    3. Amendment to LCs:

    a) Extension of validity of LC within the period for which commitment   charges   have been collected

    Rs.700/- for all customers.

    b) Where extension of validity of credit goes beyond the period for which commitment charge has been collected. Issuance charges as applicable to establishment of LC. Min. Rs. 600 / -
    c) Enhancement of value of credit Usance charges and Issuance

    charges as applicable to establishment of LC

    d) Amendment extending the tenor of the Bill of Exchange Usance charges

    @ 0.09% per month or part thereof

    e) Amendment other than extension  of validity or enhancement of tenor of the

    Bill of Exchange including       Deferred

    payment LCs/ Guarantees

    Rs.700/- flat for all customers.
    f) For revival of expired LCs within 3 months from the date of expiry Issuance and usance charges

    from date of expiry to the validity date of revived LC

    4. 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 Issuance and Usance charges.

    5. Revolving letters of credit.

    a) Issuance Charges

    All-in-One rates for opening of Import Letters of Credit

    SIGHT IMPORT LETTER OF CREDIT

    Issuance Charges: 1.40% p.a. of LC Value* (For bills upto 10 days’ sight only)

    *Upto Rs.5.00 cr Normal rate
    *Above Rs.5.00 cr to Rs.10.00 crs Upto Rs.5.00 crs Normal rate Plus

    50% of normal rate above Rs.5.00 crs upto 10.00crs

    *Above Rs.10.00 cr Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto Rs10.00crs

    Plus

    25% of normal rate above Rs.10.00 crs

    Minimum one quarter charges to be recovered for all customers but not less than Rs.600/- in any case.

    b)Usance charge as per sight,

    tenor of the bill on the maximum   amount   of drawing permitted at one time.

    Note: Erstwhile’Commitment’ charges now termed as Issuance charges.

    USANCE IMPORT LETTER OF CREDIT

    Normal Sight LC issuance Charges plus Usance Charges:1.08% p.a. of LC Value* to be recovered.

    *Upto Rs.5.00 cr Normal rate
    *Above Rs.5.00 cr to Rs.10.00 crs Upto Rs.5.00 crs Normal rate Plus

    50% of normal rate above Rs.5.00 crs upto 10.00crs

    *Above Rs.10.00 cr Upto Rs.5.00 crs Normal rate

    Plus

    50% of normal rate above Rs.5.00 crs upto Rs10.00crs

    Plus

    25% of normal rate above Rs.10.00 crs

    Minimum one quarter charges to be recovered for all customers but not less than Rs.600/- in any case.

    6. For establishing LCs /Guarantees on deferred payment terms covering import of goods: @

    (a)Commission on the balance outstanding at the beginning of each quarter

    (Rates per quarter or part thereof)

    Upto Rs.5 Cr Above Rs.5 to 10 Cr Above Rs.10 Cr
    SBH1/SBHTL1 0.60% 0.30% 0.15%
    SBH2/ SBHTL2 0.60% 0.30% 0.175%
    SBH3/ SBHTL3 0.60% 0.30% 0.175%
    SBH4/ SBHTL4 0.60% 0.50% 0.25%
    Against GOI counter guarantee or 100 % cash Deposit. 0.09% 0.075% 0.075%

    0.60% Per quarter or part thereof for all customers rated below SB4/SBTL4

    @ 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 recovered.

    7. Amendments:

    a)   Extending   validity period within 3 months (for which commission   has already been collected).

    Rs.600/- flat

    b)   Extending   validity beyond 3 months period Additional commission at 0.60% per quarter or part thereof.
    8. Commission on import bill (under  LCs):

    a) Foreign currency bills at the time of crystallization or retirement, whichever is

    earlier.

    0.125 %; Minimum Res.500/-

    b) Charges on account of discrepant documents USD 50 to be taken from outside party(Discrepancy charges should be stipulated at the time of opening LC)
    c) Import bills received under letter of credit on which   no   exchange benefit accrues to opening bank. 0.30% Minimum Rs.1000/-
    d) (i)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.

    0.30% Minimum Rs 1000/-

    Additional 0.125 %

    9. Commission on import bills (not under L/C)

    a) Where exchange margin is earned on

    foreign currency bills

    0.30 % Minimum Rs.1000/-

    (Maximum Rs.20,000/-)

    b) On each bill drawn in rupees and on each bill drawn in foreign currency on which no exchange margin accrues. 0.35 % Minimum Rs.1000/-

    (Maximum Rs.20,000/-)

    c) 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 Rs.600/-

    (Maximum Rs.20,000/-)

    d) In case of document received   by importers directly  from overseas exporters as permitted under FEMA. Rs.2500/- for all customers Non-customers Rs. 3500/- @

    @ In case of Non-customer payment is to be received through A/c payee cheque drawn on their bank along with a certificate from his banker that account is ‘KYC & AML’ compliant. Customers should be asked to submit ‘BEF’ before making remittance.

    10. 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 %

    11. Parcels In all cases Rs.600/- per transaction.

    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.