ISO 9001:2015 Certified Bank (Certificate No. HQM153920)

Service Charges

Service Charges are Exclusive of GST @ 18 % w.e.f. 15th May, 2023

Sr.No.   Particulars Service Charges –
1. Processing Charges on Loan Proposals On  Working Capital C/C, O/D – Business Term Loans – against mortgage of properties – WCOD ( excluding  DEPLN and ODFD)

  • 1% on New Sanctioned Limit
  • 0.25% on renewal every year
2.1 Bank Guarantee Commission against Collateral Security 0.75% per quarter with 100% cash margin
2.2 Bank Guarantee Commission against Cash / Fixed Deposit Receipt 0.50 per quarter with 100% cash margin
3 Letter of Credit  – Inland Not  Applicable
4 Issuance of Solvency Certificate
  • Upto 1,00,000: Rs.600.00
  • 1.00 lakh to 10.00 lakhs: 0.30% of the amt. Min.Rs.600.00
  • Above 10 lakhs: 0.20% of the amount Minimum Rs.3000/-
5 Drawing Against Unclear  Effects & TOD in Current Accounts
  • Savings – NIL
  • C/C, OD, WCOD, TOD in Current Account – 36%  p.a.
6 Bill Discounting Under Letter of Credit *In other banks Rs.1250/- handling charges per bill + Rate of Interest for intervening period
7 Bill Discounting not under Letter of Credit Not Applicable
8 Minimum Balance to be maintained
Account Type Shortfall amount Percentage
SAVING AC Shortfall upto 250 5%
Shortfall upto 500 6%
Shortfall upto 750 7%
Shortfall upto 999 7.5%
CURRENT AC Shortfall upto 1000 7%
Shortfall upto 2000 8%
Shortfall upto 3000 9%
Shortfall upto 3999 10%
9.1 Cheque Book Issue Charges For Savings Account
  • 2 Cheque Books of 15 leaves each free of cost
  • For additional Rs.3.5/- per leaf + GST i.e. Rs.105.00 for 30 leaves + GST
9.2 Cheque Book Issue Charges For Current/CC/OD/ODDEP Rs.3.50 per leaf i.e.30 leaves cheque book Rs.105.00+ GST
10 Outstation Cheque Collection Charges
  • Upto 10,000/-: Rs.50/-
  • 10,001/- to 1,00,000/-: Rs.100/-
  • Above 1,00,000/-: Rs.150/-

Plus Other Bank charges if any
11 Bills Collection Charges Not Applicable
12 Cheque Stop Payment Charges – per instrument Rs.75/- per  instrument (Maximum Rs. 300/-)
13 In case of Loss of full Cheque book or series of cheques / Instruments, the stop payment charges will be
  • Savings: Rs.300/- Per Instance
  • Current: Rs.500/– Per Instance
14 Cheque Returned Charges (Inward)
  • Savings: Rs.1/- per thousand + Rs. 200/-
  • Current: Rs.1/- per thousand + Rs. 300/-
15 Cheque/ECS/ACH Returned Charges (Inward)
  • Savings: Rs.1/- per thousand + Rs. 200/-
  • Current: Rs.1/- per thousand + Rs. 300/-
16 Cheque Returned Charges (Outward)
  • Savings: Rs. 200/- per instrument
  • Current: Rs. 300/- per instrument
  • Term Loan (PDC): Rs. 200/- per instrument
17 Charges for Bills and outstation Cheque returned Rs.50% of the applicable collection charges plus Postage and other banks charges if any.
18 Pay Order / DD Issue Charges
  • Upto 10,000/-: Rs.30/-
  • Above 10,000/-: Rs.2.5 per thousand
19 Issue of Duplicate Pay Order & DD / Revalidation of Pay Order & DD / Cancellation of Pay Order & DD Rs.100.00 Per Pay Order/DD
20 Issue of Duplicate Fixed/KTY receipts in case of loss of original receipts Rs.100.00 per receipt (Necessary formalities to be completed before issue of the receipt/s including obtaining Indemnity Bond)
21 Standing Instruction Charges (No charges for transferring  funds to Recurring deposits/Term deposits/Loan accounts towards the recovery of the Installments)
  • Rs.100/- per Instructions
  • Rs.200/- Specific Instructions for transferring funds to another account for honoring Inward Cheque and ECS.+ GST
22 Ledger Folio Charges for CC/CCHYP/OD/ODDEP/CA To be recovered on quarterly basis Rs.1/- per entry Minimum Rs.120/-
23 Issue of Duplicate Balance Confirmation Certificate & Interest Certificate – both Deposit & Advance Rs.100/- per certificate
24 Duplicate Pass Book (Saving/RD) or Duplicate Statement Rs.100/- + Rs.10/- per page
25 Issue of Duplicate Balance Confirmation Certificate & Interest Certificate – both Deposit & Advance Rs.100/- per certificate
26 Charges for closure of AccountWithin 1 year
  • Savings: Rs.150/-
  • Current: Rs.500/-

Above one Year- No Charges for all above products.
27 Charges for Signature & Photo attestation Rs.100/- per instance
28 Fate Enquiry(for enquring from drawee bank for uncleared effects) Rs.100/- per instance
29 Copy  of Old Record Rs.100/- per instance
30 Any Other Certificate not covered in this schedule of charges Rs.100/- per instance
31 Annual Rent on SDV Lockers
  • Type A: Rs.1000/-
  • Type B: Rs.1400/-
  • Type C: Rs.2000/-
32 Duplicate Key / Break Open for Lockers Rs.500/- in additional to the charges levied by the Company
33 RTGS / NEFT Charges
  • Upto Rs. 1,00,000: NIL
  • Rs. 1,00,001 to Rs. 2,00,000: Rs.12/-
  • Rs. 2,00,001 to Rs. 5,00,000: Rs.18/-
  • Rs. 5,00,001 to Rs. 25,00,000: Rs.20/-
  • Above Rs. 25,00,000: Rs.50/-
34 IMPS Charges
  • Upto Rs. 1,00,000: Rs.5/-
  • Rs. 1,00,001 to Rs. 5,00,000: Rs.15/-
35.1 Cash Handling Charges for Cash Withdrawal
  • Savings
    • Home Branch
      • 4 transaction – Nil
      • From 5th Transaction – Rs. 10/-
    • Other Branch
      • 4 transaction – Nil
      • From 5th Transaction – Rs. 10/-
  • Current / Overdraft / Cash Credit
    • Home Branch
      • Upto Rs. 1,00,000 – NIL
      • Abv. Rs. 1,00,000 – Rs.1.50 per thousand
    • Other Branch
      • Upto Rs. 1,00,000 – NIL
      • Abv. Rs. 1,00,000 – Rs.5.00 per thousand
35.2 Cash Handling Charges for Cash Deposit
  • Savings
    • Home Branch
      • Upto Rs. 1,00,000 – NIL
      • Above Rs. 1,00,000 – Rs. 1/- per Thousand
    • Other Branch
      • Upto Rs. 1,00,000 – NIL
      • Above Rs. 1,00,000 – Rs. 1.5/- per Thousand
  • Current / Overdraft / Cash Credit
    • Home Branch
      • Upto Rs. 3,00,000 – NIL
      • Abv. Rs. 3,00,000 – Rs. 1.50 per Thousand
    • Other Branch
      • Upto Rs. 1,00,000 – NIL
      • Abv. Rs. 1,00,000 – Rs.5.00 per thousand
35.3 Cash Handling Charges for Cash Deposit (Rs. 10, Rs. 20 & Rs. 50 Denomination)
  • 1st Two Packets – Nil
  • Rs. 20/- per packet per day per account

* Note : 1 packet = 100 notes
36 Addition/Deletion Name, Name of the Authorized signatory and  Nomination change
  • Individual: Rs.50/-
  • Institution: NIL
  • Others: Rs.100/-
37 ECS Mandate & Signature Verification Charges Rs.200/-
38 ATM cum Debit Card Charges
  • Issuance of new ATM cum Debit Card: First year (No any charges)
  • Re-Issuance of ATM cum Debit Card: Rs.100/-
  • Re-Issuance of Pin Mailer: Rs.75/-
  • Annual Fee: Rs.200/-
  • ATM Card Un-blocking Charges: Rs.70/-
39 ATM Card Destroy Charges (after 6 months from ATM Card Issue date) Rs.100/-
40 ATM Issuer Transaction Charges (after Free transaction)
  • Financial Transaction:Rs.21/-
  • Non-Financial Transaction: Rs.11/-
41 ATM Issuer Transaction Charges (after Free transaction)
  • Financial Transaction:Rs.21/-
  • Non-Financial Transaction: Rs.11/-
42 Direct and Indirect online tax payments e-tax Filing Return Amount
  • Tax amount upto Rs.50,000/-:Rs.50/-
  • Tax amount above Rs.50,000/- to Rs.2.50 lakhs: Rs.75/-
  • Tax amount above Rs.2.50 lakhs: Rs.100/-

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