| Service Charges |
| A |
BILLS , REMITTANCES, DEPOSITS, LOCKERS & SAFE-CUSTODY |
| |
Service Charge (Rs.) (Incl. of all taxes) |
| Effective from 1st may 2011 |
| 1 |
Collection of outstation cheques |
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|
|
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Amount of cheque |
|
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Upto Rs.5000/- |
Rs. 26/- Per instrument |
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Above Rs.5000/- upto Rs.10000/- |
Rs. 55/- Per instrument
|
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Above Rs.10000 - upto Rs.1 lakh |
Rs.110/- per instrument |
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Above Rs.1 lakh |
Rs.165/- per instrument |
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(i)The above charges will be all inclusive.No additional charges i.e.courier charges, out of pocket expenses etc. should be levied from the customer.
(ii)In case of outstation cheques purchased and credited to customers account interest amount for the period bank remains out of fund shall be realised at the rate as per terms of sanction/clean OD rate as applicable. Besides normal collection charge as per item no.1 shall be realised.
In case of local cheques purchased, a flat rate of Rs.50/- per instrument shall be recovered.
Branches should use electronic mode like RTGS/NEFT, wherever available , to remit proceeds to the collecting brank/branch |
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Speed Clearing |
|
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Collection of high value cheques i.e above Rs.1 lac per cheque presented in speed clearing.
|
Cheques upto and inclusive Rs.1 lac - No charge
Cheques valued above Rs.1 lac - Rs.165/- per instrument inclusive of all charges |
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Branches should make use of Speed clearing /National Clearing wherever available and levy charges as per the rates mentioned above. |
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System |
Service(Processing ) charge for local clearing(by clearing house) from member banks |
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|
Drawee Bank |
Presenting Bank |
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Clearing at MICR-CPCs |
Rs.1.00 |
Rs.2.00 |
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Cheque Truncation |
Rs.1.00 |
Rs.1.00 |
| 2 |
Collection of Bills |
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A. Collection Charge |
|
| |
Upto Rs.10000/- |
Rs.100.00 per instrument |
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Above Rs.10000/- |
Rs. 8/-
Per Rs.1000/- or part thereof
Min. Rs.100/- Max. Rs. 25000/- |
| 3 |
Handling Charges for Cheques / Bills returned unpaid (Per instrument/per occasion) |
| |
CHEQUES |
|
| |
3.1 Local cheques returned unpaid/ outward (including cash / transfer cheques) |
Cheques upto Rs. 1 lac.
Indv. Account-
Rs.100/- (Rs..75for-R.Br. S. Citizen, Pensioner)
Others \A/c-Rs.150/- per cheque.
Cheque above Rs1 Lac- upto Rs. 1 Cr.
Rs. 200/- per instrument
Cheque above Rs. 1 cr.
Rs.600/- per instru. |
| |
3.2 Local cheques returned unpaid/ inward clearing cheques |
Cheques upto Rs. 1 lac.
Indv. Account-
Rs.100/- (Rs..75for-R.Br. S. Citizen, Pensioner)
Others \ A/c-Rs.150/- per cheque.
Cheque above Rs1 Lac- upto Rs. 1 Cr.
Rs. 200/- per instrument
Cheque above Rs. 1 cr.
Rs.600/- per instru.
Plus Int. at clean OD rate for the
period the bank remains out of fund |
| |
3.2A. Local cheques for presentation directly at the drawee bank |
Rs.100/(Rs. 80 in R.Br,Senior citizen,pensioner) + out of pocket expenses or 50% of collection charge
whichever is higher. |
| |
Note: In No Frill Accounts, charges for cheques returned unpaid shall be restricted to 25% of normal bank charges. |
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3.3 Outstation cheques returned unpaid |
Per instrument
50% of collection charge
Minimum Rs.200/- |
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|
|
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BILLS |
|
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3.4 Local Bills returned unpaid |
50% of collection charge, Min. Rs.200.00 plus returning charges |
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3.5 Outstation Bills returned unpaid |
50% of collection charge, Min. Rs.200.00 plus returning charges |
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|
|
| 4 |
Other Charges: |
|
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4.1 Charges for presentation of usance bill for acceptance |
Rs. 120/- per Bill |
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4.2 Charges for change of instruction (for both usance and demand bill)per occasion |
Usance Bill Rs.100/-
Demand Bill Rs.75/- |
| |
4.3 Charges for storing Post Parcel [subject to availability of space]. Size of each packet / box should not exceed 8000 cc |
Rs.50.00 per Item per day
Max. Rs.1000.00
(to be returned after 25 days from due date) |
| |
4.4 Charges for free delivery of documents (under collection of bills) or to be returned back as unrealised |
Full commission as per collection of bills
Min. Rs.120/-+ out of pocket expen. |
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|
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| 5 |
Electronic Clearing Service (ECS) |
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5.1 Electronic Clearing Service Debit/Credit |
No charges to individual beneficiaries account.
Service charges for input submission to (National Clearing Cell (NCC) is to be recoverd @ Rs.3.00 per
record Minimum- Rs. 5000/-(RBI charges extra) |
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5.2 ECS Returning for insufficiency of fund |
cheque return charges as applicable |
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Note : No ECS charges to be levied in respect of Income Tax refund order as per the extant RBI directives. RBI charges if applicable shall also be loaded to above charges. |
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|
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| 6 |
General Instructions : |
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a) Actual postage cost/telegram charges and other out of pocket expenses are to be recovered in addition to the prescribed charges.However, charges prescribed under "Collection of outstation cheques (item 1 above) are
inclusive of postal/courier charges etc. |
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b) In case of cash transactions for collection of cheques/bills an additional charge of 30% over the prescribed rate to be charged. |
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c) In case of cheques and bills collected through another bank, both banks should recover 50% of their respective collection charges. |
| 7 |
Remittances |
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7.1 Issuance of Demand Draft / PO / TT (other than against tender of cash) |
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Amount of Demand Draft |
|
| |
Upto Rs.10000/- |
(a) For senior citizens - Rs.35/- per instrument
(b) In all Rural branches - Rs.35/- per instrument
(c) In all other cases Rs.40/- per instrument |
| |
Above Rs.10000/- |
Rs.3/- per thousand or part thereof Min.Rs.45/- Max.Rs.17500/-
For all Rural branches Rs.2.75 per thousand or part thereof Min.Rs.40/- Max.Rs.15000/-. |
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7.2 Remittance through Electronic Mode - RTGS,NEFT,SFFT |
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RTGS |
|
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Re.2 lacs to less than Rs.5 lacs |
Rs.28/- per transaction
|
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Rs.5 lacs and above |
Rs.55/- per transaction |
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NEFT |
|
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Upto Rs.1 lac |
Rs.6/- per transaction |
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Above Rs.1 lac Upto Rs. 2 Lac |
Rs. 16/- per transaction |
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Above Rs.2 lac |
Rs.28/- per transaction |
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|
| 8 |
Issuance of DD/PO/ TT/ Pay Order against tender of Cash (restricted to amt. less than Rs.50,000/-) |
Additional 50% over the normal charges to non-customers
& 30% to the customers shall be levied |
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|
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| 9 |
Miscellaneous |
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a) Issuance of Duplicate DD/Pay Order |
50% of applicable charge per instrument, min Rs.100/- |
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b) Revalidation of DD/Pay Order |
Rs.100/- Per instrument |
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c) Cancellation of DD/Pay Order |
Rs.100/- Per instrument |
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|
Note:-If DD/PO amount is less than Rs. 100/- then 50% of value shall be levied as Bank charges for the service mentioned under point no. 9 a.b.c. |
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|
| 10 |
Deposit/withdrawal of cash/ Collection of cheques and Transfer of Funds at CBS branches. |
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(a) Cheque Collection charges
(i) Deposit of cheques of same centres (base/Non-base branches)
|
Collection of local cheque by any CBS branch at the same centre where base branch is located (e.g. customer having an account at a CBS branch in Kolkata and cheque drawn on any bank in Kolkata deposited at any CBS branches participating in Clearing House-FREE |
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(ii) Deposit of cheques of other centres |
Outstation cheque collection charges + fund transfer (Intersol) charges shall be levied. |
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b)Deposit/withdrawal of Cash |
at local non-base branch
Upto Rs.25,000/- per day-free
Above Rs.25000/- @ Rs.1.75 per Rs.1000/- or part thereof (Min. Rs.25/- per transaction)
Max.Rs.12000/- |
| |
|
at outstation (non-base) branch
Upto Rs.25,000/- per day-free
Above Rs.25000/- @Rs.3.00 per Rs.1000/- or part thereof (min.Rs.50/- per transaction) |
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Note: For deposit of Cash - Cash handling charges shall be levied as applicable in addition to charges as aforesaid.(Cash withdrawal at non-base branches by self only with maximum amount Rs. Fifty thousand per day per account. ) |
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c) Fund Transfer between CBS branches (Non-cash) |
Intracity - FREE
Intercity -
Less than Rs.1 lac - @Rs.6/- per Tr.
Rs.1 lac less than 5 lac - Rs.28/- per Tr.
Rs.5 lac and above Rs.55/- per Tr. |
| B |
Miscellaneous Service Charges |
|
| 11 |
Ledger Maintainance Charges |
|
| |
11.1 Current/ CC / OD Accounts |
Account Maintenance Charges
CA/CC A/c
Rs. 2.00 per entry Minimum- Rs.50.00 Maximum Rs.1000.00 per half year
| subjected to free entries |
| Bal. upto Rs 25000 |
- NIL |
| Upto Rs 50000 |
- 50 |
| Upto Rs 1 lac |
- 75 |
| Upto Rs 2 lac |
- 125 |
| Upto Rs 5 lac |
- 250 |
| Above Rs 5 lac |
- All Free |
|
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11.2 Charges for additional debit entries in S.B. A/cs. |
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Free debit entries permitted |
No. per half year 50 |
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Charges for additional debit entries [*] |
Per addl. Entry Rs.10/- |
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[*] No charge shall be levied if the balance in the account is maintained above Rs.25000/= |
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|
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| 12 |
Incidental Charges for Accounts not operated for 1 year |
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(a) Savings Bank Accounts |
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Balance Rs.1000 or more |
Nil |
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Balance < Rs.1000/- > Rs.50 |
Rs.50/- per half year
|
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Balance below Rs.50/- |
*Available balance and a/c to be closed under advice to customer. |
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* After giving notice entire balance to be appropriated & account should be closed |
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(b) Current |
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Irrespective of Balance |
Rs. 150/- per half yearly
|
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|
| 13 |
Minimum Balance requirement in Deposit Account |
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S. B A/c with cheque Facility |
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|
Minimum Balance |
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|
Individual |
Other |
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Rural |
250 |
250 |
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Semi-Urban |
500 |
1000 |
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Urban |
1000 |
1500 |
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Metro |
1000 |
1500 |
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S. B A/c without Cheque Facility |
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|
Individual (Min. Bal.) |
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Rural |
100 |
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Semi-Urban |
250 |
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Urban |
500 |
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Metro |
500 |
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Pension Accounts (with Cheque Book Facility) |
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Rural |
100 |
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Semi-Urban |
100 |
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Urban |
100 |
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Metro |
250 |
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Pension A/cs (without cheque Book facility) |
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Rural |
50 |
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Semi-Urban |
50 |
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Urban |
50 |
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Metro |
50 |
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Current Account |
|
|
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|
Individual |
Other |
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Rural |
1000 |
2000 |
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Semi-Urban |
2000 |
2500 |
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Urban |
3000 |
5000 |
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Metro |
3000 |
5000 |
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Charges for non-maintenance of minimum balance in account of Sr. Citizen are not to be levied for the first default. The depositor to be advised to make good the gap failing which applicable default charges as mentioned above shall be applied. |
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|
| 14 |
Charge for not maintaining Minimum Balance |
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(a) SB with cheque facility |
Per quarter Rs.150/- (Rural Br.-Rs.100/-) |
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(b) SB without cheque facility |
Rs.100/- Per quarter |
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(c) SB Pension/Sr. Citizen account
with cheque facility |
Rs.150 per quarter Rs.100 per quarter in Rural branch |
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(d)SB PensionSr. Citizen account
without cheque facility |
Rs. 100 per quarter |
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(e) Current |
Per quarter 450/- |
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Note1: Default in non-maintenance in minimum balance shall be reckoned on average monthly balance in the account.
Note 2: Charges for non-nmaintenance of minimum balance in account of Sr.citizen are not to be levied for the first default.The depositor to be advised to make good the gap failing which applicable default charges as mentioned above shall be applied. |
| 15 |
Charge for closure of a/c within 12 months |
| |
Savings Bank |
Rs. 200
Rs. 100/- for Rural Branches |
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Current /CC |
For firms & Companies Rs.500.00, For others Rs.250.00 |
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|
Note: No Charges shall be levied in case of death of depositer and transfer of deceased depositor's A/C. to our other branch. |
| 16 |
Charge for issuance of cheque book |
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(a). Savings Bank (Per leaf) |
|
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MICR & Non-MICR |
Rs. 3 per leaf. (including multicity cheques) |
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|
|
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Free Chq. Leaves in 1/2 year |
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Rural Branches |
No. of Chq. Leaves 20 |
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Other Branches |
No. of Chq. Leaves 20 |
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(b).Current / Cash Credit (per leaf) |
|
| |
MICR & Non-MICR |
Per leaf Rs.3/- (including multicity cheques) |
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|
|
| 17 |
Charge for issuing daily/weekly statement of accounts |
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Daily statement |
Rs.1000/- per year. For repeat request, Rs.2/- per entry. Min. Rs.100/- per request |
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Weekly statement |
Rs.450/- per year for repeat request, Rs.2/- per entry. Min. Rs.100/- per request |
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Monthly Statement |
Once Free, thereafter, Rs.2/- per entry. Min. Rs.100/- per request |
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|
|
| 18 |
Charge for issuing duplicate pass book with latest entry |
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17.1 Individuals |
Rs.75/ Rs.50 (Rural Br.) per occasion |
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17.2 Others than individuals |
Rs.100 per occasion |
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17.3 Folio Charges for issuing duplicate statement of account |
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|
|
| 19 |
Charge for issuance of duplicate interest certificate/balance certificate |
| |
|
Rs.75/- per occasion |
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|
| 20 |
Charge for attestation of customer's signature on documents (per signature attested) |
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19.1 Individuals |
Rs.75/- |
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19.2 Other than individuals |
Rs.100/- |
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|
|
| 21 |
Charge for addition/ deletion of names/change in operational instructions/ recording of power of attorney in accounts of individuals (other than deceased A/c) |
| |
|
Rs.100/- per occasion |
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|
| 22 |
Charge for change in constitution/ operational instruction/ authorised signatory/ recording power of attorney in accounts other than individuals |
| |
|
Rs.250/- per occasion |
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|
| 23 |
Charge for stop payment of cheque (per instrument) |
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22.1 Savings Bank |
| |
Other than Rural branches |
Rs.75/- per cheque
Max.Rs.500/- per lot |
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For Rural Branch |
Rs.50/- per cheque
Max.Rs.300/- per lot |
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22.2 Current Account |
| |
Other than rural branches |
Rs.100/- per cheque
Max.Rs.500/- per lot |
| |
For Rural Branch |
Rs.80/- per cheque
Max Rs.350/- per lot |
| 24 |
Charges for ATM Card |
|
| |
23.1 Issuance of New ATM Card/Duplicate card/PIN/Annual Maintenance charges |
Nil |
| |
23.2 ATM Transaction charges |
|
| |
i)Cash withdrawal
Our Bank's ATM
|
Per occasion - Free |
| |
Other Bank's ATM |
5 transaction in a month in SB a/c - Free. Thereafter charges @ Rs.20 per transaction. |
| |
ii) Balance inquiry |
our Bank's ATM - free |
| |
|
Other Bank's ATM - Free |
| |
23.8 Point of Sales (POS) transactions at Petrol Pumps and Railway Reservation Counters as per Shared Network Regulations |
Service Charges @2.5% of transaction value or Rs.10.00 whichever is higher |
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23.9 Transaction Abroad |
| |
a) Cash withdrawal through VISA Networked ATMs |
Rs.100/- + 2% of the currency conversion charges per transaction |
| |
b) Balance Enquiry through VISA Networked ATMs |
Rs.25.00 |
| 25 |
Charge for late payment of Recurring Deposit instalments |
| |
RD of 60 months or less |
Rs.2. for Rs.100/- per month. |
| |
RD of above 60 months |
| |
|
|
| 26 |
Charge for standing instructions (per transaction) |
| |
Registration |
|
| |
Same branch and in same name |
per transaction - Nil |
| |
Same branch but in different name |
Rs.25/- individual / Rs. 50/- others per transaction + actual remittance charges |
| |
Involving another branch |
| |
Charge for insufficiency of funds to carry out standing instructions |
Rs.50/- per occasion
|
| 27 |
Charge for issuance of Solvency Certificate (per certificate) |
Rs.250/- per lac
Min.Rs.750/-
Max.Rs.15000/- |
| 28 |
Cash Handling charges (introduced from 1.07.08) |
| |
|
Per day per account |
| |
upto 10 packets
Above 10 packets
Notes upto Rs.100 denomination |
Free
@Rs.10 per packet
Max Rs.10,000/- |
| |
Above Rs.100/- denomination |
@Rs.8 per packet
Max Rs.10,000/- |
| 29 |
Charges for Safe Custody |
|
| |
Scrips |
Rs.350/- per cover p.a. or part thereof |
| |
Sealed Covers |
| |
Sealed Boxes |
Rs.3000/- per box p.a. or part thereof |
| |
|
|
| 30 |
Postal charges (per packet) |
Actual |
| |
|
|
| 31 |
Enquiry relating to old records (more than 12 months old) |
Upto 1 year old record Rs. 100/- per reference. Beyond 1 year Rs. 300/- per year per reference + out of pocket expense |
| 32 |
Loss of safe deposit locker key |
Rs. 250/- + actual expenses for breaking and replacement of the locker |
| 33 |
Photo attestion charges |
Rs. 50/- per certificate |
| 34 |
Issue of Duplicate Deposit receipt. |
Rs. 50/- per request per instrument |
| 35 |
Record copy of the cheque |
Rs. 50/- per instance |
| |
Note :(1) In case of tierised deposit proucts (SB A/c / CA), no frills SB A/c and other products etc. benefits/concession as per the relevant scheme shall apply. |
| C |
Locker Rent : |
| 1 |
Schedule of Locker Rent (inclusive of all taxes) |
| Category |
Volume (cubic inch) |
UCO Bank
w.e.f. 1st May 2011 |
| |
|
|
Rural/SU |
Urban/Metro |
| A |
i) |
469.90 |
800 |
1000 |
| ii) |
534.77 |
| B |
i) |
858.69 |
900 |
1200 |
| ii) |
878.17 |
| iii) |
731.80 |
| C |
i) |
1186.21 |
1500 |
2500 |
| |
|
| ii) |
1155.09 |
| D |
i) |
1337.11 |
1500 |
2500 |
| ii) |
1307.72 |
| E |
i) |
1872.67 |
2500 |
3000 |
| ii) |
1841.33 |
| iii) |
1828.02 |
| iv) |
2234.25 |
| F |
i) |
2767.82 |
2750 |
3000 |
| iii) |
2622.38 |
| G |
i) |
2843.59 |
| ii) |
2766.33 |
| H |
i) |
3986.97 |
4000 |
4500 |
| ii) |
3682.66 |
| L-1 |
i) |
4214.60 |
| ii) |
4671.61 |
| K&L |
i) |
6296.51 |
4500 |
5000 |
| ii) |
6009.61 |
| 2 |
Locker Rent for Staff-members: |
| |
|
Effective from 1st May 2011 |
| |
|
Rural / SU |
Urban / Metro |
| A Type (one locker only) |
450.00 |
550.00 |
| 3 |
Penalty for late payment of Locker Rent ( per quarter or part thereof) : |
| |
|
|
Effective from 1st May 2011 |
| A & B Type |
|
50.00 |
| C & above |
|
250.00 |
| (Penalty appliciable after 3 months of due date applicable also to staff member/ex-staff members). |
| 4 |
Locker standing in the name of retired/voluntarily retired/ deceased staff members |
| Locker standing in the name of retired/ voluntarily retired/ other member of staff and in case of deceased staff members on transfer to the name of the spouse upto the end of his/her life may continue with staff concession. |
| |
|
| Note: (Proposed) |
Lockers can be leased for a period upto 3 years at a time subject to advance payment of rent.
However, there would not be any concession in case advance rent is paid by customers.
The rent payable for the overdue period to the date of revision would be recovered at old rate and the revised rate will be recovered proportionately from the date of revision.
Where rent for 3 years has been recovered prior to revision, no difference amount on account of revision in rent shall be recovered for the current financial year only and the revised rate shall be applicable from the next financial year. Refund of advance rent may be allowed for the un-expired period in case the locker is surrendered before the expiry of the period of three years for which advance rent has been paid. The refund will be made in complete years i.e. fraction of a year remaining in the year of surrender shall be ignored. |
| D |
General Terms |
| 1 |
Concessions / Exemptions in service charges in respect of collections, remittances and deposits : |
| 2 |
Collection of instruments favouring Welfare Service, Charitable & Religious Institution may be allowed at par provided that these institutions are exempted from payment of Income Tax and also bank with us. However actual postage/transmission charges and out of pocket expenses must be recovered while collecting instruments for the above customers. |
| 3 |
Collection of subsidy cheques issued by the Central and State Governments under any programme whenever applicable is to be collected at par. |
| 4 |
Geological Survey of India, Under Ministry of Mines & Supreme Court of India under Ministry of Law & Justice, Govt. of India, are accredited to our Bank i.e. our Bank is official Banker of these two Govt. Departments. Therefore, no service charge are to be realized on the transaction of these two departments. However actual postage/ out of pocket expenses are to be recovered from them. |
| 5 |
Collection of cheques at par and free remittance facilities by way of DD/MT/NEFT etc. may be allowed to blind and physically handicapped and also to institutions set up for their welfare/benefit, provided they bank with us. However postage and other out of pocket expenses should be recovered. |
| 6 |
Cheques/ Drafts favoring Prime Minister’s Relief Fund/Chief Minister’s Relief Fund are to be collected at par. However actual expenses like postage etc. should be recovered. |
| 7 |
No service charges in respect of the following services are to be recovered from Defence Personnel in active service, the ex-service men and from the widows of Defence Personnel, drawing pension and having account with our bank. |
| |
| i) collection of cheque |
| ii) Remittance by DD/MT/TT to schools and colleges and to family members who are dependent. |
| iii) Any remittance other than above, only upto Rs.10,000/- |
| iv) Custody of bills. |
| v) In house standing instructions. |
| vi) Next kin/dependents may be allowed to collect death/terminal benefits of the deceased servicemen free of charge. |
| 8 |
Provisions for concession in operation of LIC account with us in terms of HO Circular no. CHO/DEP/02/98-99 dated 06.04.1998 shall be discontinued with immediate effect. However, keeping in view CASA business with LICI , proposals for concession in service charges, if any, may be considered separately for each case on the merits of the proposal.
|
| 9 |
A senior citizen maintaining average balance of Rs.10,000/- in his/her SB A/c with any of our branch may remit at par funds to the debit of his/her SB A/c; to credit to his account at our any other branch in India. |
| 10 |
All remittance from any of our branch on our Vidya Vihar Pilani Branch will be at par if it is in favour of a student studying at BITS Pilani who maintains his/her account with our Vidhya Vihar Pilani Branch. |
| 11 |
Concessions to Regional Rural Banks (RRBs) sponsored by our Bank, provided their Deposits are duly maintained with our Bank : |
| (i) Collection of charges in the following cases will be shared at 50:50 between our Bank and RRBs:- |
| (a) Collection charges on instruments tendered by us to RRBs for collection. |
| (b) Collection charges on instruments tendered by RRBs to us for collection. |
| |
(ii) Issuance of Demand Draft on account of customers of our sponsored RRBs at 50:50 commission sharing basis. |
(III)
Free Remittance facilities may be allowed on remittance of funds by our sponsored RRBs from their own account to another. However actual postage and out of pocket expenses should always be recovered from RRBs. Above concession will be allowed only when funds are remitted/transferred between their HO/Branch A/C and our Branch. |
| (ii) No ledger folio charges are to be levied in A/cs maintained by our sponsored RRBs with our Bank’s branches. |
| 12 |
Free collection facility at Rural Branches : |
| For ex-servicemen/senior citizen pensioners, free collection of outstation pension cheques will be allowed. |
| 13 |
Concessions for Staff Members (existing & retired) : |
a) No Service Charge should be levied on transaction conducted by our staff members. |
| b) No service charge should be levied on transaction conducted by ex-staff member if he is not employed gainfully. |
| c) 'A' type locker at concessional rate. |
| d) Minimum balance maintenance criteria not applicable. |
| |
| Note: All out of pocket expenses to be recovered. |
| 14 |
Conversion of single pension account into joint pension account with the spouse permitted under Government order. |
PART -II
SERVICE CHARGES ON ADVANCES (PS & NPS)
I. PRIORITY SECTOR ADVANCES EXCEPT EDUCATION LOANS
A. PROCESSING CHARGES (for Advances other than Term Loan & DPG)*
| Amount of Advance |
Effective from 1st May '2011 |
| Up to Rs.25, 000/- |
Nil |
| Above Rs.25, 000/- |
Rs. 350.00 per lac |
| Min. Rs. 350.00 |
* This table is also applicable for sanction of Short Term Loans upto 12 months.
B.RENEWAL CHARGES (for Advances other than Term Loan & DPG)
| Amount of Advance |
Effective from
1st May '2011 |
| Up to Rs.25,000/- |
Nil |
| Above Rs.25,000/- |
Rs.350.00 per lac |
| |
Min. Rs.350.00 |
C.PROCESSING CHARGES FOR TERM LOANS & DPG
| I. Fresh Term Loan/DPG sanctioned excluding loans sanctioned under Retail Segment |
Effective from 1st May '2011 |
| Up to Rs.25,000/- |
Nil |
| Above Rs.25,000/- |
1.1236% of the Sanctioned limit Min Rs. 600.00 |
| II.Review of Term Loan (On run down Balance) |
| Up to Rs.25,000/- |
NIL |
| Above Rs.25,000/- |
Rs. 120.00 per lac, Min. Rs.250.00, |
| Max. Rs.55000.00 except Retail Credit |
D. AD-HOC SANCTION CHARGES:
| Amount of Ad-hoc Sanction |
Effective from 1st May '2011 |
| Upto Rs. 25,000/- |
NIL |
| Above Rs.25,000/- |
Normal processing charges for the period of sanction on pro-rata basis (min. Charge for 3 months) |
E. DOCUMENTATION CHARGES:
Amount of Advance |
Effective from 1st May '2011 |
Up to Rs.25,000/- |
Nil |
Above Rs.25,000/-
Up to Rs.2 lacs |
Rs. 200 .00 |
Above Rs.2 lacs upto Rs.5 lacs |
Rs.1300.00 |
Above Rs.5 lacs upto Rs.25 lacs |
Rs.2000.00 |
Above Rs.25 lacs upto Rs.50 lacs |
Rs.4000.00 |
Above Rs.50 lacs upto Rs.5 crores |
Rs.5600.00 |
Above Rs 5 crores |
Rs.14000.00 |
II. NON-PRIORITY SECTOR ADVANCES :
A. PRE-PROCESSING CHARGES :
| Particulars |
Effective from 1st May '2011 |
| In case of new accounts with exposure of Rs.10 lacs and above |
Preprocessing charges equal to 10% of total applicable processing charges would be recovered upfront after clearance of the advance proposal by the New Business Committee (NBC) i.e. before taking up the proposal for detailed processing.The remaining 90% of the processing charges are to be recovered in full before the disbursement begins. The pre-processing charges would be non-refundable. |
B. PROCESSING CHARGES:
a) Other than Term loan & DPG*
| Amount of Advance |
Proposed |
| Up to Rs.25,000/- |
Nil |
| Above Rs.25,000/- |
Rs.400.00 per lac or part thereof |
| |
Min Rs.700.00 |
* This table is also applicable for sanction of Short Term Loans upto 12 months.
b) Term loan & DPG
| I. Fresh Term Loan/DPG sanctioned excluding loans sanctioned under Retail Segment |
Effective from 1st May '2011 |
| Up to Rs.25, 000/- |
Nil |
| Above Rs.25,000/- |
1.35% of the sanctioned limit for first year plus annual renewal charge or 25% one time charge for 10 years. |
| II. Review of Term Loan |
|
| Up to Rs.25,000/- |
NIL |
| Above Rs.25,000/- |
Rs. 125.00 per lac,
Min. Rs.250.00,
Max. Rs.56000.00
(Except Retail Credit) |
C. RENEWAL CHARGES for advances other than Term loan & DPG
| Amount of Advance |
Effective from 1st May '2011 |
Up to Rs.25,000/- |
Nil |
Above Rs.25,000/- |
At the same rate as processing charges |
D.ADHOC SANCTION CHARGES:
Amount of Ad-hoc Sanction |
Effective from 1st May '2011 |
Up to Rs.2 lac |
Rs.600.00 |
Above Rs.2 lacs |
Normal processing charge for the period of sanction on pro-rata basis till adjustment (Min.charges for 3 months) |
E. Documentation charges :
| Amount of Advance |
Effective from
1st May'2011 |
| Up to Rs.25,000/- |
Nil |
| Above Rs.25,000/- |
Rs.250.00 |
| Up to Rs.2 lacs |
| Above Rs.2 lacs upto Rs.5 lacs |
Rs.1300.00 |
| Above Rs.5 lacs upto Rs.25 lacs |
Rs.2000.00 |
| Above Rs.25 lacs upto Rs.50 lacs |
Rs.4000.00 |
| Above Rs.50 lacs upto Rs.5 crores |
Rs.5600.00 |
| Above Rs. 5 crores |
Rs.14000.00 |
| In case of loan against deposit , UCO Securities Loan and staff loan no documentation charge are to be realised. |
F.OTHER SERVICE CHARGES
a.Applicable for customers falling under FC & MC Categories
| Particulars |
Effective from 1st May '2011 |
| 1. Issuance of NOC (per NOC) |
Rs.55,000.00 |
| 2. Modification of terms and conditions of sanction |
Rs.55,000/= per modification. |
| Min. Rs. 1.00 lac |
| 3. Revalidation of sanction |
50% of regular processing charges. Maximum of Rs.11 lacs. |
| 4. Penal charges for deferred drawal in case of term loans. |
0.10% per month on the drawings not made on the scheduled date for the delayed drawing period. |
| 5.Mortgage charges |
|
| a. in case of sole banking accounts |
Rs.25000.00 |
| b. in case of consortium / multiple banking accounts |
Rs.25,000.00 |
| 6. Parting of process note for filing with SEBI for IPO or any similar purpose |
Rs.600000.00 |
| 7. Loan Syndication |
1.15% of the debt syndicated upto Rs.25 crore. |
| 0.6% of the debt syndicated for above Rs.25 crore (Min. Rs.28 lacs). |
b. Applicable for customers falling under SE Category
| 1. Issuance of NOC (per NOC) |
Rs.600.00 |
| 2. Modification of terms and conditions of sanction |
Rs.600.00 per modification. |
| 3. Revalidation of sanction |
Applicable regular processing charges, subject to ceiling of Rs.5.00 lacs. |
G.MISCELLANEOUS CHARGES :
| Particulars |
Effective from
1st May'2011 |
| a. Processing Charges for advances against NSC, KVP etc and Gold Loans:- |
Flat Rs.250.00 + Appraiser’s Fee ( for Gold Loan) |
| b. Supervision Charges (Applicable to PS & NPS limits of Rs. 1 crore & above) |
Rs.2950.00 half year |
| C.Inspection Charges (Priority & Non-Priority Sector Advances) |
| Amount of Advance |
|
| Above Rs.25,000/- upto 2 lacs - |
Rs.145.00 per inspection |
| Above Rs.2 lacs up to Rs.10 lacs - |
Rs.290.00 per inspection |
| Above Rs.10 lacs up to Rs.25 lacs |
Rs.590.00 per inspection |
| Above Rs.25 lacs up to Rs.50 lacs. |
Rs.980.00 per inspection.+Conveyance Charge + Out of pocket exp |
| Above Rs.50 lacs up to 1 crore |
Rs.2950.00 per insp.+Con.Char.+Out of pocket exp. |
| Above 1 crore |
Rs.4900.00 per insp.+Con.Char.+Out of pocket exp. |
| d) Lead Bank Charges for Consortium Advances: (Priority Sector & Non Priority Sector) : |
0.140% of the total fund based working capital limits sanctioned by the consortium ( i.e. Assessed working capital Fund Based limit). Renewal Charges at the same rate to be recovered every year. |
| |
|
| e)Issuance of no dues certificate (Priority Sector & Non Priority Sector) |
| Particulars |
|
| i) No dues certificate(NDC) for small loans upto Rs.50,000/- to small and marginal farmers, share cropper and the like |
NIL |
| (Not required) |
| ii) No dues certificate(NDC) for others |
Rs.45.00 per certificate |
| f). Charges for issuance of No dues certificate to clients whose NPA accounts are settled by entering into compromise ( Applicable in all cases where sanctioned loan/limit/disbursed amount is above Rs.5 lacs)- |
| i) NPA accounts where terms of compromise are strictly adhered to |
Rs.1000.00 per certificate |
| ii) NPA accounts where repayment is not received as per original schedule/failed compromise is revived: |
Rs.2000.00 per certificate |
| Particulars |
|
| g) Processing Charges / Roll over charges for FCNR (B) loan |
Rs 50000.00 per occasion |
| h) For ear-marking credit limits sanctioned by us and to be availed by the borrowers from other bank |
The service charge of 1.20% per annum will be levied on quarterly basis i.e. 0.30% per quarter: |
| i) Pre-payment and commitment charges ; Sanctioning Authorities shall stipulate prepayment/commitment charges in sanction terms. |
| i. Prepayment charges |
| No pre-payment charges in the followings - |
| a)Agricultural loans upto Rs.10 lacs |
| b)Other Priority Sector loans upto Rs.5 lacs |
| c)Other Term Loan Accounts with limit upto Rs.2 lacs. |
| For other term loans as per Annexure-1 enclosed. (Being governed by Loan Policy Document and changes/ amendments as advised by Risk Management Dept.) |
| ii. Commitment Charges : |
|
| Where average availment of fund based credit during a month is less than 70% of the limit sanctioned, commitment charges @1/12th percent on the unutilised limit shall be levied for that month. Service tax at applicable rate shall be added by branches to the commitment charges. (Being governed by Loan Policy Document and changes/ amendments as advised by Risk Management Dept.) |
| Note : Assessment of average availment during a month shall be based on the % of actual interest for the month with respect to the interest calculated on the full limit for the month. |
j) Processing Charges on Bank’s Own Loan Schemes:
| Schemes |
Effective from 1st May '2011 |
| 1. UCO Rent |
|
| Fresh Sanctions |
1% of the sanctioned loan amount. |
| Review on run down Balance |
Rs. 225.00 per lac, Min. Rs.250.00, Max. Rs.56000.00 |
| |
|
| 2. UCO Real Estate |
|
| Fresh Sanctions |
0.8% on the amount of loan applied for along with the application. 1.20% processing fee of the sanctioned loan amount. |
| Review of TL on run down Balance |
Rs. 125.00 per lac, Min. Rs.250.00, Max. Rs.56000.00 |
| Renewal of CC/WC |
Rs.395.00 per lac or part thereof |
| |
|
| 3.UCO Shilpa Udyog |
|
| Fresh Sanctions |
0.50% of FB Limit |
| 0.25% of NFB Limit |
| Review/ Renewal Charges |
Rs.345.00 per lac or part thereof Minimum Rs.350/- |
| |
| 4.Retail Products |
| UCO Home Loan |
0.50%, Minimum Rs. 1500/-
Mximum Rs. 15000/- /Rs. 5000 for take over A/cs. |
| Mortgage Loan |
1% Maximum Rs. 15000/- |
| UCO Trader |
FB 0.50% , NFB - 0.25%
Maximum Rs. 20000/- |
| UCO Cash |
1% Minimum Rs. 750/- |
| UCO Car |
1% Maximum Rs. 1500/- |
| UCO Education |
Domestic - NIL Studies abroad - 1% |
| Swabhiman |
0.25% |
| UCO Earnest Money |
Minimum Rs. 500/- per application |
| UCO Securities |
Rs. 250/- per case |
# Review/Renewal Charges (UCO Trader) : At the same rate as processing charges.
Annexure - 1
In case of prepayment of instalment(s), prepayment charges shall be levied
on the prepaid amount at the following rates.
| Rates for Prepayment Charges |
| Remaining Period in months |
Term loan accounts with concessional rate of interest
(Rate – 1) |
Term loan accounts without any concessional rate of interest
(Rate – 2) |
| 1 |
0.07% |
0.03% |
| 2 |
0.13% |
0.06% |
| 3 |
0.19% |
0.10% |
| 4 |
0.26% |
0.13% |
| 5 |
0.32% |
0.16% |
| 6 |
0.38% |
0.19% |
| 7 |
0.44% |
0.22% |
| 8 |
0.50% |
0.25% |
| 9 |
0.56% |
0.28% |
| 10 |
0.61% |
0.31% |
| 11 |
0.67% |
0.33% |
| 12 |
0.72% |
0.36% |
| 13 |
0.78% |
0.39% |
| 14 |
0.82% |
0.41% |
| 15 |
0.88% |
0.44% |
| 16 |
0.93% |
0.46% |
| 17 |
0.98% |
0.49% |
| 18 |
1.02% |
0.51% |
| 19 |
1.07% |
0.53% |
| 20 |
1.12% |
0.56% |
| 21 |
1.17% |
0.58% |
| 22 |
1.21% |
0.60% |
| 23 |
1.26% |
0.62% |
| 24 |
1.30% |
0.65% |
| 25 |
1.34% |
0.67% |
| 26 |
1.38% |
0.69% |
| 27 |
1.42% |
0.71% |
| 28 |
1.46% |
0.73% |
| 29 |
1.50% |
0.75% |
| 30 |
1.54% |
0.76% |
| 31 |
1.58% |
0.78% |
| 32 |
1.61% |
0.80% |
| 33 |
1.65% |
0.82% |
| 34 |
1.69% |
0.84% |
| 35 |
1.72% |
0.85% |
| 36 |
1.76% |
0.87% |
| 37 |
1.79% |
0.89% |
| 38 |
1.82% |
0.90% |
| 39 |
1.85% |
0.92% |
| 40 |
1.88% |
0.93% |
| 41 |
1.91% |
0.95% |
| 42 |
1.94% |
0.96% |
| 43 |
1.97% |
0.98% |
| 44 |
2.00% |
0.99% |
| 45 |
2.03% |
1.00% |
| 46 |
2.05% |
1.02% |
| 47 |
2.08% |
1.03% |
| 48 |
2.11% |
1.04% |
| 49 |
2.13% |
1.06% |
| 50 |
2.16% |
1.07% |
| 51 |
2.18% |
1.08% |
| 52 |
2.20% |
1.09% |
| 53 |
2.23% |
1.10% |
| 54 |
2.25% |
1.11% |
| 55 |
2.27% |
1.12% |
| 56 |
2.29% |
1.13% |
| 57 |
2.31% |
1.14% |
| 58 |
2.34% |
1.15% |
| 59 |
2.35% |
1.16% |
| 60 |
2.37% |
1.17% |
| 61 |
2.39% |
1.18% |
| 62 |
2.41% |
1.19% |
| 63 |
2.41% |
1.19% |
| 64 |
2.44% |
1.21% |
| 65 |
2.46% |
1.21% |
| 66 |
2.48% |
1.22% |
| 67 |
2.49% |
1.23% |
| 68 |
2.51% |
1.24% |
| 69 |
2.52% |
1.24% |
| 70 |
2.54% |
1.25% |
| 71 |
2.55% |
1.26% |
| 72 |
2.57% |
1.26% |
| 73 |
2.58% |
1.27% |
| 74 |
2.59% |
1.27% |
| 75 |
2.60% |
1.28% |
| 76 |
2.61% |
1.29% |
| 77 |
2.63% |
1.29% |
| 78 |
2.64% |
1.30% |
| 79 |
2.65% |
1.30% |
| 80 |
2.66% |
1.31% |
| 81 |
2.67% |
1.31% |
| 82 |
2.68% |
1.32% |
| 83 |
2.69% |
1.32% |
| 84 |
2.70% |
1.32% |
| 85 |
2.71% |
1.33% |
| 86 |
2.71% |
1.33% |
| 87 |
2.72% |
1.34% |
| 88 |
2.73% |
1.34% |
| 89 |
2.73% |
1.34% |
| 90 |
2.74% |
1.34% |
| 91 |
2.75% |
1.35% |
| 92 |
2.75% |
1.35% |
| 93 |
2.76% |
1.35% |
| 94 |
2.77% |
1.36% |
| 95 |
2.77% |
1.36% |
| 96 |
2.78% |
1.36% |
| 97 |
2.78% |
1.36% |
| 98 |
2.78% |
1.36% |
| 99 |
2.79% |
1.37% |
| 100 |
2.79% |
1.37% |
| 101 |
2.80% |
1.37% |
| 102 |
2.80% |
1.37% |
| 103 |
2.80% |
1.37% |
| 104 |
2.81% |
1.37% |
| 105 |
2.81% |
1.37% |
| 106 |
2.81% |
1.37% |
| 107 |
2.81% |
1.37% |
| 108 |
2.81% |
1.38% |
| 109 |
2.82% |
1.38% |
| 110 |
2.81% |
1.38% |
| 111 |
2.82% |
1.38% |
| 112 |
2.82% |
1.38% |
| 113 |
2.82% |
1.38% |
| 114 |
2.82% |
1.38% |
| 115 |
2.82% |
1.38% |
| 116 |
2.82% |
1.38% |
| 117 |
2.82% |
1.37% |
| 118 |
2.82% |
1.37% |
| 119 |
2.82% |
1.37% |
| 120 |
2.82% |
1.37% |
PART-III
GUARANTEE & LETTER OF CREDIT
Service Charges in Rs. (Incl. of all taxes)
| A) Charges for Guarantee |
| 1.Commission on issuance of Guarantee (Period including claim period) |
| Particulars |
Effective from
1st May,2011 |
| (i) Performance Guarantee |
Rs.170 + 2.20% p.a. (Min. 170 +1.10% charges for 2 quarters) |
| (ii) Other Guarantees (Including issuance of letter of comfort for buyer’s credit |
Rs.170 + 3.30% p.a. (Min. 170 + 1.65% charges for 2 quarters) |
| Note : |
| a) Charges are to be recovered upfront for the full period including the claim period unless otherwise sanctioned by the competent authority. |
| b) Guarantee for the period beyond six months would attract commission, reckoning the part period of guarantee beyond 6 months in terms of completed quarters. (For a performance guarantee issued for 16 months, guarantee commission for 1 year should be levied @ Rs.170 +2.20 p.a. and for the remaining 4 months commission should be levied @ 0.55% per quarter for 2 quarters by reckoning 4 months as two quarters.) |
| c) Additional commission at applicable rate will be levied on the extended period of guarantee due to restraint imposed by court order. |
| 2. Refund of guarantee commission |
No refund if the purpose for which the guarantee was issued is served and the original guarantee is returned for cancellation before the expiry date. If the purpose for which guarantee was issued is not served, 50% of original rate for the unexpired period less 1 quarter will be refunded. (Guarantee with an unexpired period of 10 months is tendered for cancellation, refund will be calculated for 7 months @ 50% of original commission.) |
| 3. Renewal / Extension of Guarantee |
Same charges as applicable for issuance of fresh guarantee. However, for the claim period, no charge to be levied if the renewal is effected before the expiry date of the original guarantee. |
| 4. Guarantees secured by 100% term deposit including third party deposits of our Bank |
Rs.170 + 25% of normal commission. If the BG is secured by 100% CASA deposit, full comission shall be waived. |
| B) Charges for Inland Letter of Credit |
| Particulars |
Effective from
1st May,2011 |
| 1. LC Opening Charges |
Following charges with a min. of Rs.750/- should be levied |
| a) Usance Charge : 2.20% p.a. for the usance period (complete month or part thereof). In case of sight bills / usance for less than 1 month, minimum one month charges and |
| b) Commitment Charge : For the period of liability (from the date of opening of credit to the last date of its validity) @ 1.10% p.a. with a minimum period of 1 month or part thereof. |
| 2. Extension of validity period |
An extension may be allowed free of commitment charge, if such extension does not run to next month, otherwise a fresh charge of 1.10% p.a. for a minimum period of 1 month with a min. of Rs.750/-. |
| 3. Increase in amount of credit |
Both usance and commitment charge on additional amount at applicable rate with a minimum charge of Rs.750/-. |
| 4. Other amendments (other than by way of extension of validity period or increase in the value of LC) |
Flat commission of Rs.750/- |
| 5. Revolving LC |
Same as per LC opening charges (usance + Commitment) + on each reinstatement usance charges 2.20% p.a. according to tenor and commitment charge of 1.10% p.a. on reinstated amount, Min. 750/-. |
| 6.Advising of LCs opened by correspondent Banks |
Rs.735/- |
| 7. Advising of amendments |
Rs.490/- per amendment |
| 8. Confirmation of LC |
As applicable to LC opening charges. |
| 9. Transfer Charge |
Rs.735/- per transfer. |
| 10. Acceptance Commission |
On all LCs established by other banks calling for usance drafts to be drawn on and accepted by our Bank, an acceptance commission @ 2.20% p.a. with a min. of Rs.750 shall be charged. |
| 11.Bills received under LC |
0.22% flat. |
| 12. Negotiation charges (in addition to interest from d/o negotiation to d/o reimbursement) |
For bills upto Rs.2.50 lacs – 0.44% with a min. Rs.750/- |
| For bills over Rs.2.50 lacs – 0.28% with a min. Rs.1500/- plus discount at applicable rate of interest from the date of negotiation to the date of reimbursement. |
| 1.Negotiation charges and interest thereon are to be collected for the LCs established by other banks. In such case, collection charges should not be levied. |
| 2.In case of LCs established by our Bank branches only collection charges are to be collected and interest as per rating should be collected for the usance period. In case of sight documents interest for a maximum period of 15 days should be collected subject to a minimum of Rs.750/-. |
| 13. Guarantees on account of discrepancies in documents under LC |
1. If payment received under reserve is credited to beneficiary’s account – 0.25% with a min. of Rs.750/- |
| 2. If payment received under reserve at the request of the customer is not parted with – no charges. |
| When called upon to refund payment made to them under reserve, Banks will pay to the negotiating bank the face value of the bill together with interest at the commercial rate of the negotiating banks plus charges. Interest / charges, if any, would be for customer/s a/c. |
| 14. LC secured by 100% cash margin / term deposit |
25% of normal charges in respect of LC opening charges subject to a minimum of Rs.750/- |
| 15. Issuance of certificate to beneficiary |
No charge for attestation of commercial invoices at the time of negotiation / collection. On subsequent occasions Rs.20.00 per invoice, minimum Rs.50.00. |
| 16. Clean Payment received under LC. |
Flat Charge of Rs.200/- to Beneficiary’s account. |
PART - IV
Schedule of Revised Service Charges on External Trade/Forex Business
(Inclusive of all taxes)
| Description |
Effective from 1st May, 2011 |
| EXPORTS |
| Foreign Currency Credit (PCFC/EBR) |
0.185% per month or part thereof (On Rupee equivalent amount to be recovered in Rupees.) Branch should realize actual out of pocket expenses' incurred subject to minimum of
Rs. 1000.00 |
| |
GM (T & IW), GM (FC) and GM (MC) will review it from time to time and decide about revisions, if any required. |
| For each foreign currency & rupee bill Purchased/ Negotiated |
0.15%, subject to
Minimum Rs.500/-
and Maximum
Rs.6000/-
|
| |
Concerned sanctioning autthorities, in deserving cases, may reduce the maximum charges to
Rs. 4,000/- the reason for allowing the concessions are to
be duly recorded. |
| Forwarding export document to another AD to whom LC is restricted/LC is confirmed by the latter. |
0.140%;subject to Minimum Rs.370/- and Maximum Rs. 5500/-; [Zonal Managers, in deserving cases, may reduce the maximum charges to Rs.3,370/-, the reasons for allowing the concession are to be duly recorded] |
Reimbursement charges under LC Negotiated up-to
Rs. 5 lacs
Over Rs. 5 lacs |
Rs. 850/-
Rs.1125/- |
| Joining in customer guarantees/ indemnities on behalf of customers to other banks in India in respect of discrepancies in documents negotiated under credit. |
0.10 % Minimum Rs.300/- |
| In case of overdue export bills purchased / discounted/ negotiated where proceeds are not received in nostro account on or before the due date. |
| Negotiated upto Rs. 2 lacs |
- Rs.350/- per quarter or part thereof per bill. |
| Over Rs.2 lacs |
- Rs.675/- per quarter or part thereof per bill. |
| Description |
Effective from 1st May, 2011 |
| EXPORT BILL FOR COLLECTION |
| Export Bills Collection sent through us |
0.10% (Minimum Rs.575/-, Maximum Rs.5,600/-) |
| Where permitted by RBI, when the entire set of export documents have been sent by the exporter directly to the overseas buyer |
0.10% (Minimum Rs.575/-, Maximum Rs.5,600/-) |
| In case of overdue bills sent on collection where the proceeds are not received in India on or before the due date, additional commission shall be charged as : |
| Upto Rs.2 lacs |
Rs. 300/- per quarter or part thereof per bill |
| Over Rs. 2 lacs |
0.125% per quarter or part thereof per bill (Maximum Rs.575/- per quarter or part thereof per bill) |
| (Not applicable in case of bills drawn on countries with externalisation problems but paid in local currency and the exporter has obtained necessary approval from Reserve Bank of India for extension) |
| Where bank charges are to be recovered from the drawee but are refused by them. |
Such charges are to be recovered from drawer. |
| Description |
Effective from 1st May, 2011 |
| COMMISSION IN LIEU OF EXCHANGE |
| Where preshipment advance has been granted by an Authorised Dealer against a letter of credit/export order but the documents under the relative letter of credit/export order are negotiated through another bank. |
0.10%
(Minimum Rs. 350/-) |
| Where the proceeds of an export bill negotiated by an authorized dealer are paid in foreign currencies to another Authorized dealer. |
0.17%
(Minimum Rs 575/-) |
| Where an export bill sent for collection abroad by one authorised dealer but the payment is received in Rupees through another authorised dealer in India. |
0.17%
(Minimum Rs 575/-)
|
| Where an export bill is negotiated/ purchased/sent for collection and the proceeds thereof are credited to foreign currency (EEFC) account in part or in full, on the foreign currency amount credited to EEFC account. |
0.17%
(If money is kept with us, no charges will be levied.) |
| Any export bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. |
0.17%
(Minimum Rs 575/-)
|
| Deemed export bills in foreign currency as defined by Reserve Bank of India/Exim Policy from time to time. |
0.17%
(Minimum Rs 575/-)
|
| Advising Letters of Credit |
Rs.575/- for customers |
| Rs.1100/- for non customers |
| Advising Amendment |
Rs. 350/- |
| For non customers Rs. 575/- |
| Confirmation charges |
| Commitment Charges |
0.19% for every quarter or part thereof |
| Usance charges |
0.17% per month or part thereof for bills upto one month |
| |
0.28% for bills more than one month and upto three months |
| |
0.35% for first three months + 0.10% per month in excess of three months for bills over three months. |
| |
For individual transaction above Rs. 3 crores, charges will be 1/4th of the normal charges on the incremental amount above Rs 3 crores. |
| |
(25% concession may be given to customers rated ‘A’ & above for amount upto Rs 3 Crores) |
| Transfer of LC |
Rs. 575/-for each transfer and |
| |
Rs. 350/- for each amendment |
| Acceptance commission for accepting drafts drawn on and accepted by the Banks in India |
0.17% p.m. |
| Issuance of Certificate / Attestation in respect of Export transaction. |
RS. 250/- each |
| Description |
Effective from 1st May, 2011 |
| IMPORT |
| Opening of LC including Stand by LC |
| Commitment Charges |
0.17% for every quarter or part thereof |
| Usance charges |
0.20%(Minimum Rs.500/-) For bills upto 10 days sight |
| 0.40% for bills over10 days and up to 3 months sight |
| 0.40% for the first three months plus 0.1% for month in excess of three months for bills over 3 months sight |
| For individual transaction over Rs.3 crore charges will be at 1/4th of the normal rate as specified above on the incremental amount above Rs. 3 crore. |
(25% of concession
may be given to the customers rated 'A' & above for amount upto Rs. 3 crores)
In case of L/C established against 100% cash/FDR as security ,charges will be 25 % of the normal charge. |
| In case of L/C established against 100% Cash/FDR Deposit as security, charges will be 25% of normal charges. |
| For the purpose of levying commitment and usance charges the total amount committed inclusive of interest amount and tolerance level shall be reckoned |
| NOTE :- For Sight LC only commitment charge is to be taken, but for Usance LC both commitment and usance charges are to be taken. |
| Bills not covered by LC payments
which will be setteled out of currency
Loans arranged abroad or foreign currency
accounts(EEFC) |
0.20% Minimum
Rs. 1000/- |
| Amendment to LC |
| Extension of validity of LC within 3 months period for which the commitment charge has already been collected. |
Rs 575/- |
| Amendment extending the validity of the LC beyond a 3 month period |
Fresh commitment charge at the applicable rate per quarter or part thereof shall be recovered subject to a minimum of Rs. 575/- |
| Amendment of value of LC |
Both commitment and usance charges are to be recovered for the additional amount. |
| Amendment for altering tenor of the bill |
Additional usance charges to be collected as appropriate on the outstanding liability. |
| Amendment to a LC other than extension of its validity or enhancement of its value |
Rs. 300/- |
| Revival of expired LC within 3 months from the date of expiry. |
Usance charges + commitment charge from the date of original expiry upto the new validity period of the revived LC. |
| Stand by letter of credit |
As per LC Charges |
| Description |
Effective from 1st May, 2011 |
| REVOLVING LETTER OF CREDIT |
| Commitment charges |
0.17% for every period of 3 months or part thereof on the maximum amount of permissible drawings from the date of establishment of LC to the last date of validity, subject to a minimum of Rs. 350/-. |
| Usance charge |
0.10% per month or part there of (Minimum Rs 280/-) |
| For individual transaction over Rs. 3 crores, charges will be at 1/4th of the normal rate as specified above on the incremental amount above Rs. 3 crores. |
| NOTE :- For Sight LC only commitment charge is to be taken, but for Usance LC both commitment and usance charges are to be taken. |
| (25% concession may be given to customers rated 'A' & above for amount upto Rs 3 Crores) |
| In case of L/C established against 100% cash Deposit as security charges will be 25% of normal charge |
| Reinstatement charges, Commitment charges and Usance charges |
On each amount reinstated (from the date of the reinstatement to the date of subsequent reinstatement or the last date of validity as the case may be), commitment and usance charges as above are to be recovered. |
| Description |
Effective from 1st May, 2011 |
| DEFERRED IMPORTS |
| LCs covering deferred import of goods |
0.50 % per quarter or part thereof [Where LC amount exceeds Rs. 3 crores. |
| On the first Rs.3 crores, normal rate |
| and for amount above Rs. 3 crores, 25% of the normal rate] |
| The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. |
| Extending validity within 3 months for which commission is already taken where validity period falls beyond 3 months. |
Amendment commission of Rs. 500/- For any amendment extending the validity of the Letter of credit beyond 3 months period, commission at the applicable rate shall be recovered. |
| Commission on Import Bills under LCs: |
0.15% |
| Foreign currency bill at the time of crystallization or retirement, whichever is earlier. |
[If the bill amount exceeds Rs. 3 crores, normal charges upto Rs. 3 crores and 40% of the normal charges for the amount in excess of Rs 3 crores.] |
| Import bill received under LC on which no exchange benefit accrues to the opening bank including cases where contract is booked with another AD. |
0.17% (Minimum Rs. 840/-) |
| If the bill is not retired within 10 days from the date of receipt of bills in case of demand bill and on the due date in case of usance bill. |
Additional 0.17% |
| Charge in respect of discrepant document received under LC |
USD 50/- |
| Rupee Bill |
0.28% with a minimum of Rs 850/- |
| [Where the bill amount exceeds Rs. 3 crores. Normal charges upto Rs. 3 crores and 40% of Normal Charge for the amount exceeds Rs. 3 crores.] |
| Commission on Import bills (not under LC) |
| On each bill drawn in Foreign currency, on which the collecting bank earns exchange benefit. |
0.28% (Minimum Rs. 850/- and Maximum Rs. 56200/-) |
| [For the bill amount exceeding Rs 3 crores, normal charges upto Rs 3 crores and 40% of the normal charges for the amount in excess of Rs. 3 crores] |
| On Rupee import bills and in each bill drawn in foreign currency on which no exchange margin is earned. |
0.45% with a minimum of Rs. 850/- maximum Rs 78,600/-. |
| [For the bill amount exceeding Rs 3 crores, normal charges upto Rs 3 crores and 40% of the normal charges for the amount in excess of Rs. 3 crores] |
| Any other type of Import bill on which no exchange benefit accrues to the Bank including cases where contract is booked with another AD. |
0.10% (Minimum Rs. 850/-) |
| On collection bills document covering project imports under inter-governmental aid nature (including those financed by international agencies like World Bank, IMF, ADB etc.) where no LC is opened. |
0.03125% |
| Import bills directly received by the importer |
0.05% subject to minimum of Rs. 140 and maximum of Rs. 11225/-. |
| Countersigning/co-acceptance of import bill for counter signing, co-acceptance or validation of approved bills of exchange. |
0.10% p.m. with a minimum of 0.28%. |
| |
[Where the bill amount exceeds Rs 3 crores, normal rate upto Rs 3 crores and 40% of the normal rate for the amount in excess of Rs. 3 crores.] |
| Description |
Effective from 1st May, 2011 |
| COMMISSION IN LIEU OF EXCHANGE |
| In respect of LCs established, payments of which are settled out of foreign currency loans arrange abroad or Foreign Currency accounts (EEFC) |
0.10% (Minimum Rs. 575/-) |
| Bills not covered by LC payments which will be settled out of Foreign currency loans arranged abroad or Foreign currency account (EEFC) |
0.20% Minimum s1000/- |
| Description |
Effective from 1st May, 2011 |
| MISCELLENEOUS |
| Request for bills proceed to be remitted in a currency other than currency of the bills |
NA |
| Custody charges for overdue bills |
Rs500/- per quarter
or part thereof |
| Description |
Effective from 1st May, 2011 |
| MERCHANDISC |
| If foreign currency remittances are received in advance from the overseas buyer and the foreign currency funds are held in Nostro Accounts at the specific request of the merchant trade customer. |
Comm. @0.20% on each transaction
Bank shll not pay intt. on such advance remittanceor not grant Rupee advance
against foreign currency funds thus received |
| Description |
Effective from 1st May, 2011 |
| INWARD REMITTANCES |
| Encashment of TT/MT/DD, cover of which has been received. |
Current TT buying rate (no additional exchange margin or interest to be charged) |
| |
Commission:-
Rs.100/- for inward remittance
upto Rs.100,000/- and
Rs.200/- for above Rs.100,000/-.
(But if proceeds are to be credited to the deposit account with us, the commission will be waived.) |
| Encashment of TT /MT/DD, cover of which has not been received |
TT buying rate plus exchange margin of 0.125% Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days. |
| |
Commission:-
Rs.100/- for inward remittance upto
Rs.100,000/- and Rs.200/- for above
Rs.100,000/-.
(But if proceeds are to be credited to the deposit account with us, the commission will be waived.) |
| Customer personal cheque IMO/PO payable abroad |
TT buying rate plus exchange margin of 0.125%. Interest shall be recovered separately from the customer at domestic commercial rate for the period of 15 days. |
| |
Commission:-
Rs.100/- for inward remittance upto
Rs.100,000/- and Rs.200/- for above
Rs.100,000/-.
(But if proceeds are to be credited to the deposit account with us, the commission will be waived.) |
| Description |
Effective from 1st May, 2011 |
| CLEAN PAYMENT |
| Effected under the instruction of Foreign Correspondent where exchange benefit accrues to us. |
Commission:-
Rs.110/- for inward remittance upto Rs.100,000/- and Rs.250/- for above Rs.100,000/-.
(But if proceeds are to be credited to the deposit account with us, the commission will be waived.) |
| Where inward remittances has to be effected in foreign currency by using DD/PO/TT |
0.10% minimum Rs. 200/- and maximum Rs. 5600/- |
| Description |
Effective from 1st May, 2011 |
| CLEAN INSTRUMENT |
| Clean instrument sent for collection on all clean instrument sent abroad |
0.17% minimum Rs. 200/- and maximum Rs. 5600/- |
| Description |
Effective from 1st May, 2011 |
| CERTIFICATE |
| For inward transactions |
Rs. 225/- |
| For clean remittances |
| For encashment of T/Cheques |
| Currency Notes |
| Description |
Effective from 1st May, 2011 |
| OUTWARD REMITTANCES |
| Commission for all remittances
other than import |
Up to Rs. 10000 - Rs. 100
Above Rs. 10000 upto Rs. 1 lac.- Rs. 200
Above Rs. 1 Lac @ 0.15% with a minimum of Rs. 600
(Where no exchange benefit accrues to the Bank including cases where contract is booked with another AD, additional charge @ 0.10% with a minimum of Rs. 750/-.) |
| Description |
Effective from 1st May, 2011 |
| ISSUE OF FOREIGN CURRENCY TRAVELLERS CHQUES AND CURRENCY NOTES |
| Commission on rupee equivalent |
0.75% |
| Commission on foreign currency travellers cheques issued against foreign currency remittance received from abroad/ debited to EEFC a/c. |
0.25% |
| EEFC ACCOUNTS (commission in lieu of exchange) |
Existing Charges |
| Where an outward remittance is effected |
0.10% with max. of USD 50/- or its rupee equiv. |
| Where the proceeds is credited in EEFC |
0.10% (If money is kept with us, no charges will be levied.) |
GUARANTEES
The following concessions may be given in case of issuance of guarantee specified below:
-
If the amount of guarantee is more than Rs 2 crores, normal charges upto Rs. 2 crores and 50% of the normal charges for the amount exceeding Rs. 2 crores.
-
In case of guarantees (other than issued for project exports) issued against 100% cash deposit, 25% of the normal charges.
-
In case of guarantees (other than issued for project exports) if issued against 100% counter guarantee of Govt. of India and guarantees issued on behalf of Central/State Govt. and corporation /Institutions/companies wholly owned by them, charges may be decided on case to case basis by a committee comprising of General Manager International and General Manager Credit.
-
In case of guarantee backed by counter guarantee of reputed International bank 25% of the normal charges.
-
The charges shall be collected on the specified period of liability of the guarantee. The specified period of liability shall mean the actual validity period for the guarantee plus the additional period during which claim can be made on the Bank under the guarantee.
|
| Guarantee in favour of shipping companies/ agencies for clearance of goods pending production of bill of lading. |
| A) Relating to imports under LCs opened by us. |
Rs.250/- |
| EXPORT GUARANTEES FOR PROJECT EXPORTS |
| |
In case of guarantees covered by ECGC counter guarantees, Bank will collect commission as well as ECGC premium at applicable rates and remit collected premium to ECGC. |
| a) Bid bond |
a) ECGC COVER |
75% |
90 % |
| b) ECGC PREMIUM |
Actuals |
Actuals |
| c) BANK’S COMMISSION |
0.75% |
0.60% |
| b) Bonds for earnest money |
d) TOTAL COMMISSION |
(b)+(c) |
(b)+(c) |
| c) Guarantee for advance payment made by foreign buyers to Indian exporters/ contractors |
In case of guarantees issued against 100% counter guarantees of the government of India, commission shall be charged @ 0.40% p.a.
subject to minimum Rs. 1000/- |
In case of guarantees issued against cash deposits to the extent of Bank’s liabilities, commission shall be charged @ 0.30% p.a.
minimum Rs. 1000/- |
| |
In case of guarantees which are not covered by cash deposits or ECGC/GOVT OF INDIA counter guarantees, commission shall be charged @1.20% p.a. subject to minimum Rs. 1000 |
| |
Commission for issuing bid bonds for supplies to projects carried out abroad shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materializes, the balance 75% of the commission shall be recovered. However, if the bid gets frustrated, there will be no refund of that part of the commission collected. |
| Export performance guarantees bid bond etc. (other than project export) and export performance guarantees covering export obligations in terms of import credit Control Regulation and export performance guarantees/ Bid Bonds connected Deemed Export. |
0.10% per month for the specified period of liability. (Min Rs 1000/-) |
| Where the guarantee period is less than three months, commission recoverable will be 0.30% of the guaranteed amount. In case of early redemption of the guarantee, a minimum of 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded. |
| |
Commission for issuing bid bonds for supplies connected with deemed exports/direct exports, exports other than project exports shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materialises, the balance 75% of the commission shall be recovered. However, if the bid gets frustrated there will not be refund of that part of the commission collected. |
| Deferred payment guarantee covering imports of goods into India/ repayment of foreign currency loan. |
0.50% per quarter or part thereof for the specified period of liability, calculated on the amount of liability under such guarantees at the beginning of every quarter |
| |
The competent authority at the time of sanction will stipulate whether the commission is to be recovered upfront or in specified instalments. |
| All Other guarantees. |
0.15% per month for the specified period of liability. |
| Where the guarantee period is less than two months, commission recoverable will be 0.25%. |
| In case of early redemption of the guarantee after a period of 2 months, 50% of the commission for the unexpired period may be refunded at the discretion of the competent authority of the Bank who has sanctioned the facility. |
| DEFERRED PAYMENT GUARANTEE |
| Where the entire DPG guarantee commission is collected upfront |
The rate of commission and the rate of exchange (TT selling) prevailing as on the date of the DPG shall be applied. No further adjustment commission arising out of future revisions in the exchange rate shall be made. |
| Where deferred payment guarantee commission is recovered on instalment basis. |
The rate of commission and the rate of exchange (TT selling) prevailing as on the date of recovery of each installment shall be applied. |
| In the event of early redemption of DPG |
50% of the Commission for the unexpired period of guarantee may be refunded subject to the condition that the original guarantee has been returned for cancellation or a confirmation has been received to the effect that there are no claims against the guarantee. |
| In the event of default of instalment |
Interest shall be recovered at the domestic commercial rate of interest as prescribed by Reserve Bank of India from time to time from the date of default to the date of actual payment . |
| Where a DPG has been issued by an AD but the relative instalment payment is remitted through another AD. |
The latter shall compensate the A.D. which had issued the guarantee @ 0.125% commission in lieu of exchange on the amount of remittance. |
| FORWARD CONTRACT |
| Booking |
Rs. 300/- for every six months or part thereof |
| For early delivery and cancellation. |
Rs. 650/- |
| FOREIGN CURRENCY RUPEE OPTIONS |
Rs.2,000/- per year for each million of US$ or part thereof.
Competent authority may reduce it by 25% in deserving cases. |
| CROSS-CURRENCY OPTIONS |
Rs.2,000/- per year for each million of US$ or part thereof.
Competent authority may reduce it by 25% in deserving cases. |
| FRA/IRS |
Rs.2,000/- per year for each million of US$ or part thereof.
Competent authority may reduce it by 25% in deserving cases. |
| OUT OF POCKET EXPENSES |
Actuals to be recovered |
|
Service Charges