Service Charges With effect from: 01.04.2019 - Allahabad Bank
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Service Charges
With effect from: 01.04.2019
Allahabad Bank
Development Department
Head Office
2 N S Road, Kolkata-700001
Revision of Service Charge (2018-19) Page 1Section ‘A’
DEPOSIT ACCOUNTS
&
OTHER MISCELLANEOUS ISSUES
Revision of Service Charge (2018-19) Page 2SECTION ‘ A’
SERVICE CHARGES (EXCLUSIVE OF TAXES)
FOR DEPOSIT ACCOUNTS & OTHER MISCELLANEOUS ISSUES
1. ( A) ISSUANCE OF IOI
Amount Slab Revised Rates
Up to Rs. 10,000 Rs.45
Above Rs.10,000 Rs. 4.00 per Rs.1,000 or part thereof,
Minimum Rs. 50, Maximum Rs. 20000
Note:
i. In case of IOI for below Rs.50000/- issued against cash, additional 50% charges will
be levied. No IOI should be issued for Rs.50000/- & above against cash but through
account only. Same day cash deposit and transfer of amount for IOI shall be treated cash
deposit entry, additional 50% charges will be levied.
ii. Postage/out of pocket expenses will be levied extra as the case may be.
1. (B) DUPLICATION/ REVALIDATION/CANCELLATION DD/BC/IOI
Name of Items Revised Rates
Issuance of Duplicate /Revalidation/ i. Upto Rs.500:
Cancellation of DD/BC/IOI 10% of the Amount (Rounded up to nearest
Rupees) Min. Rs.25/- per Instrument,
ii. Above Rs.500/-: 10% of the Amount
(Rounded up to nearest Rupees) Min. Rs.100
per Instrument,
Max. Rs.500
2. COLLECTION OF OUTSTATION CHEQUES
All customers (Rs.) (Revised Rates)
Value
(per instrument)
Up to Rs.5,000 30
Above Rs.5,000 and up to Rs.10,000 60
Above Rs.10,001 and up to Rs.1 Lac 120
Above Rs. 1 lac 250
Note:1. The above charges will be all exclusive. No additional charges such as Courier Charges, out
of pocket expenses (plus taxes) should be levied from the customer.
2. For outstation cheques collected through another bank: Commission on 50:50 basis, i.e.
remitting bank to charge 50% & collecting bank to charge 50% of the applicable rate.
Revision of Service Charges (2018-19) Page 33. COLLECTION OF BILLS
Name of the Items Revised Rates
Up to Rs. 10,000 Rs.100 per Instrument
Above Rs.10,000 Rs.13 per Rs.1000 or part thereof, Maximum
Rs.26000
Note: Actual Postage/out of pocket expenses (plus taxes) will be levied extra.
4. HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID
Name of Items Revised Rates
Local Cheques/Bills Upto Rs.10 lakh: Rs.200
Above Rs.10 lakh upto Rs.1 crore: Rs.500
Above Rs.1 crore: Rs.1000/-
Cheque returns due to technical reasons, not at
the fault of the customer: No Charges to be
collected
Outstation Cheques/Bills
50% of collection Charges minimum Rs.200
Note: The above charges are to be realized under intimation to the party. Postage
will be realized extra.
5. CLOSURE OF ACCOUNTS
Types of Account Revised Rates
Savings Bank A/c W ith Cheque Book / Without Up to 14 days - NIL
Cheque Book After 14 days to 1 year :
With Cheque Book – Rs.500
Without Cheque Book – Rs.250
Current A/c Rs.700
Account transferred from one branch to another
Opening of another A/c in joint names
Death of A/c holder (manually debited)
Pensioner without cheque book Nil
Note:
At the time of closure of accounts within one year of the opening, if the balance available is
insufficient to cover up the above charges, the available balance in the account will be
forfeited and no extra amount to be claimed.
Postage/ Courier and out of pocket expenses (plus taxes) to be realized on actual basis over
and above the Service Charges.
Revision of Service Charges (2018-19) Page 46. (a) MINIMUM BALANCE CRITERI AFOR SAVINGS BANK ACCOUNT
Name of the Items Revised Rates
W ith Cheque Book for general Rs.1,000 for Rural/SU
Rs.2,500 for Metro/Urban
W ith Cheque Book for pensioners
Nil
W ithout Cheque Book for general Rs.500 for Rural/SU
Rs.1,000 for Metro/Urban
W ithout Cheque Book for pensioners.
Nil
(b) MINIMUM BAL ANCE CRITERIAFOR CURRENT ACCOUNT
Name of the items Revised Rates
Rural Others centers
Individual Rs.2,500 Rs.5,000
Others Rs.5,000 Rs.10,000
7. PENAL CH ARGES FOR FALL IN MINIMUM BAL ANCE
Name of Items Revised Rates (On QAB basis)
Savings Bank / AllBank Saral Savings
Account ( Basic Saving Bank A/c) %age of shortfall x Rs.90 - R/SU
converted to regular SB A/c with %age of shortfall x Rs.125 - Other centres
Cheque Book
Savings Bank / AllBank Saral Savings
Account ( Basic Saving Bank A/c) %age of shortfall x Rs.40 - R/SU
converted to regular SB A/c without %age of shortfall x Rs.80 Other centres
Cheque Book
AllBank Saral Savings Account ( Basic
Saving Bank A/c)
Pensioners: Nil
SB with Cheque Book
SB without cheque book
Current A/c : Individual Rs.350 per quarter –R/SU
Rs.500 Per quarter- other centers
Current A/c : Other Rs.400 per quarter –R/SU
Rs.600 Per quarter- other centers
Note:
1. The above penal charges are to be realized under intimation to the party.
2. The above charges would be levied on Quarterly Average Balance (QAB).
Revision of Service Charges (2018-19) Page 58. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS (For all types like CTS)
Name of the Items Revised Rates
Savings Bank A/c, Current, CC, OD SB- 20 cheque leaf free in a financial year.
A/c 21st leaf to 60th leaf: Rs.4 per leaf beyond
60 leaf in a year @Rs.7/- per leaf.
CA/CC/OD: Rs.5 per leaf
SB A/c for 20 leaves per calendar year Free
Post Dated Cheque (PDC): For our
Nil
Bank
Post Dated Cheque (PDC): For
Rs.10 per cheque leaf
repayment of loans to other banks/ FIs
No GST shall be levied for issuing cheque book to account holders in terms of GOI MOF
notification no. 2/2017-Integrated Tax (Rate) dated 28 June 2017.
9( A) LOCKER REGISTR ATION CHARGES:
Locker Size Registration Charges
Small Rs.300/-
Medium /Large Rs.700/-
Extra large Rs.1000/-
(50% charge for staff)
Note : Locker registration charge is one time service charge and it is applicable at the time
of allotment of locker
9(B) LOCKER RENT:
Inner
Revised Rates
Volume
Type Classification
(Cu. Metro/Urban Semi Urban/
Inches) Branch Rural Branch
A* 539 Small 1500 1250
B 859 Medium 2000 1600
C* 1186 Medium 2400 2000
D 1337 Medium 3200 2700
HI 1828 Large 1 5000 4000
E 1878 Large 1 5000 4000
F* 2786 Large 2 6000 5000
G 2844 Large 2 6000 5000
H 3987 V.L 10000 8000
L 6297 E.L 12000 10000
Note:
The locker rents are to be realized in the 1st Quarter of the financial year i.e. within
30th June. Any default or not maintaining the requisite balance in the A/c will attract
penalty charges (No penalty charges for Staff)
Revision of Service Charges (2018-19) Page 69(C) PENAL CHARGES FOR LOCKER RENT IN DEFAULT
Size of Locker Revised Rates
Small & Medium Rs.70 per Quarter or part thereof
Large Rs.100 per Quarter or part thereof
VL & EL Rs.160 per Quarter or part thereof
Locker visit charges 15 visit free and thereafter RS.100 per visit.
Locker rent of one year + actual cost of
Loss of keys
repairing
Any addition /deletion of name and Rs.150 per change
modification
10. SAFE CUSTODY CHARGES
Name of Items Revised Rates
Scrips Rs.130 per Scrip per year or part thereof,
Min: Rs.300 p.a.
Sealed Cover Rs.600 per cover per year.
Sealed Boxes- 200 cu. Cm. Rs.10500 per Box per year
Bank’s own Deposit Receipt Nil
Note: Boxes above 200 cu. cm. type not to be accepted
11. ISSUANCE OF SOLVENCY CERTIFICATES
Amount Slab Revised Rates
Up to Rs.10 lacs Rs.5000
Above Rs.10 lacs & Up to Rs.25 lacs Rs.11000
Above Rs.25 lacs & Rs.1 crore & above Rs.27000
12. NATIONAL ELECTRONIC FUND TRANSFER (NEFT)
Sl Description (Range) of Service Charge in Rs. (Excl GST)
No. transaction in Rs.
Transaction done at Transactions through
Branch Internet Banking/ Mobile
Banking
1. Upto 1000/- Rs.2.50 Nil
2. From 1001/- to 10000/- Rs.2.50 Rs.2.00
3. From 10001/- to 100000/- Rs.5.00 Rs.4.00
4. From 100001/- to 200000/- Rs.15.00 Rs.12.00
5. Above 200000/- Rs.25.00 Rs.22.00
Revision of Service Charges (2018-19) Page 713. INDO-NEPAL NEFT REMITTANCE CHARGES
(I) For beneficiaries maintaining accounts with Nepal State Bank Ltd. (NSBL):
For remittance from a bank account in India to a bank account with any branch of Nepal State
Bank Ltd., there shall be no charge i.e. the remittance is free of charge
(II) For beneficiaries not maintaining account with Nepal State Bank Ltd. (NSBL):
If the beneficiary is not maintaining any account with NSBL and the funds are distributed
through the channel of the Agents of NSBL:
(i) All remittances (cash remittances/disbursements) up to INR 5,000, a flat charge of INR 51
exclusive of Taxes for every remittance.
(ii) Remittances (cash remittances/disbursements) above INR 5000 and up to INR 50,000, a flat
charge of INR 77 exclusive of Taxes.
These charges will be passed on to NSBL who in turn will share the same with the affiliated
Money Transfer agencies.
The entire amount of charges collected from the remitter would be remitted to Nepal and would
form a part of the message format. Thus, remitting banks in India originating
remittances under the scheme would transfer funds free of charge.
14. REMITTANCE THROUGH ‘REAL TIME GROSS SETTLEMENT’(RTGS)
Revised Revised
From 8.00 AM to 3.30 P.M After 3.30 P.M till 16.30 P.M
All Inward remittances NIL NIL
Outward remittances:
Rs.2 to Rs.5 lacs Rs.25.00 Rs.30.00
Rs.5 lacs & above Rs.50.00 Rs.55.00
15.1 NACH CHARGES FOR CREDIT CLEARING
Revised Rates
Number of Entries (Only for Corporate Bodies/ Institutions)
Up to 10,000 entries per occasion Rs. 5 per entry + NPCI or Destination Bank
Charges if any
Above 10,000 up to 1 lac entries Rs. 4 per record + NPCI or Destination Bank
per occasion
Charges if any. (Subject to a m inimum of Rs. 50000)
Above 1 lac entries per occasion Rs.3 per record + NPCI or Destination Bank
Charges if any. (Subject to a minimum of Rs.300000)
15.2 NACH CHARGES FOR DEBIT CLEARING
Revised Rates
Name of the Items (Only for Corporate Bodies/ Institutions)
Debit Clearing Rs.4 per transaction + NPCI or Destination
Bank Charges if any, Minimum Rs.2500
Individual customers & Others
Returning Charges on account of SB account: Rs.200 per transaction
insufficient funds CA & Borrowal Account: Rs.500/‐ per transaction
Income Tax Refund Orders Nil
One time mandate registration fees of Rs.50/- + GST
Revision of Service Charges (2018-19) Page 816. INTERNATIONAL DEBIT-Cum- ATM CARD SERVICE
Name of Item Revised Revised Revised
VISA/ Maestro VISA/ Master VISA/ Master
International International Card International Card
Classic (Gold) (Platinum)
Rates in Rs. Rates in Rs. Rates in Rs.
Membership Fee NIL NIL Rs. 300.00 (Upfront)
Rs. 100.00 Rs. 200.00 Rs. 300.00
Annual fee
st
(1 year waived) Year Waived) (1st Year Waived)
Renewal charges Rs. 100.00 Rs. 200.00 Rs. 300.00
Card Replacement Rs. 100.00 Rs. 200.00 Rs. 300.00
Charges (Upfront) (Upfront) (Upfront)
Rs. 25.00 Rs. 25.00 Rs. 25.00
(Upfront) (Upfront) (Upfront)
Duplicate PIN (Generation of Green (Generation of (Generation of Green
PIN through Internet Green PIN through PIN through Internet
Banking is free of Internet Banking is Banking is free of
cost) free of cost) cost)
Transaction Charges for
NIL NIL NIL
using Bank’s Own ATM
Financial: Rs.15.00
Financial: Rs.15.00 Financial: Rs.15.00
Transaction charges for
Non financial:
using other Bank’s ATM Non financial: Rs.5.00 Non financial: Rs.5.00
(Beyond 5 Transaction) Rs.5.00
For Cash Withdrawal: For Cash
For Cash
Rs.150.00 per Withdrawal:
Withdrawal:
Rs.140.00 per
Transaction Charge transaction Rs.140.00 per
transaction
(abroad) For Balance Enquiry: transaction
For Balance
Rs.15.00 per For Balance
Enquiry:
Enquiry: Rs.34.00
transaction Rs.34.00
Point of Sale Charges
NIL NIL NIL
(PoS)
Using Card at Petrol 2.50% or min
2.50% or min 2.50% or min
Pumps Rs.10.00 Rs.10.00
Rs.10.00
Using Cards for Railway 2.50% or min
2.50% or min 2.50% or min
Ticket Rs.10.00 Rs.10.00
Rs.10.00
Revision of Service Charges (2018-19) Page 917. OTHER ITEMS:
Sl. Name of Items Revised Rates
No.
1. Issuance of Duplicate Pass Rs.100 Latest entry (Single balance entry at the time of
Book/Statement for SB a/c issue of duplicate pass book)
Rs.100 for previous Entry/ 40 Entries (per page)
2. Ledger Folio Charges for CT A/c,
CC A/c & OD A/c Rs.100 per 40 entries per quarter
3. Issuance of additional Statement
of Accounts for CT A/c, CC A/c & Rs.125 per page of 40 entries
OD A/c
4. Issuance of Call Deposit Receipts Nil
5. Standing Instructions (SI) One time registration charge Rs.50/- per case thereafter
Rs.50 per transaction – other Branch
Note: If the standing instructions could not be carried out for
insufficient balance in the account the charge of Rs.50 is to
be levied.
Free of charge:-
i) Crediting / Remitting interest in Term Deposits.
ii) Crediting/remitting Recurring Deposit installments.
iii)Crediting/ remitting installment in Loan a/c.
6. Stop payment instructions Rs. 100 for SB per instrument
Rs. 200 for other per Instrument
Max. Rs.500 (for both)
7. Issuing certificates pertaining to Rs. 150 per certificate or list
securities/ list of securities lodged
8. Issue of No-dues certificate/balance Rs. 100 per Certificate
confirmation Nil (if within the Service Area)
9. Attestation of customer’s signature Rs. 150 per certificate or list
on share transfer form/LIC
Policy/UTI certificates etc.
10. Photo Attestation Rs. 150 per certificate
11. Handling/Incidental Charges for Nil
In-operative/ Dormant SB A/c
12. Handling/Incidental Charges for Rs.150 per quarter
In-operative/ Dormant Current A/c
(If balance is below Rs.50,000)
Nil charges for putting as FDR in our Bank
Collection of Deposit receipts on
13. Others- As applicable to remittance charges as per DD/
maturity from Other Bank
BC/ IOI
14. Loss of Token Rs. 150 per token
Enquiries up to six months: Free of cost
Enquiry above 6 months upto 12 months old: Rs.150
15. Enquiry relating to old record Enquiry above 1 year up to 3 yrs: Rs.200
Above 3 yrs but up to 5 years: Rs.400
Above 5 yrs: Rs.700
Revision of Service Charges (2018-19) Page 10Sl. Name of Items Revised Rates
No.
Penalty charges for depositing
16. delayed installments in R/D Rs.2 per Rs.100 per month
account
Selling of Prospectus &
To be negotiated with the corresponding
Application Forms for Educational
17 Institution/ Board/other at the Zonal Office
Institutions / Housing Boards /
Level on case to case basis
Other Organizations
SMS Alerts’ charges for the
threshold limit in case of debit in
account is Rs.2000.00 Rs. 15 per quarter per account
18.
(Accounts of pensioners, Staff,
Ex- Staff & Senior Citizen are
exempted
Issuance of Interest Certificate Interest / TDS certificate
19. both deposit and loan and TDS Original : Free
certificate Duplicate : Rs. 100 per certificate
Issue Certificate related to
20. Rs.100 per certificate
passport
1st option at the time of opening of account: Free
21. Nomination Charge
Change in nomination : Rs.100 per occasion.
Change in authorized signatory, Change in authorized signatory Rs.300 per occasion
22.
change in Reconstitution Change in Reconstitution Rs.200 per occasion
Allowing operations through Rs.500 for non individuals
23.
power of attorney Rs.300 for others
ATM Card/KIT returned by
courier due to wrong address
24 Rs.100
and resend by branch through
registered post.
25 Duplicate fixed deposit certificate Rs.150 per certificate.
Note:
Postage & Telegraph and other out of pocket expenses to be realized on actual basis over and
above the Service Charges.
Revision of Service Charges (2018-19) Page 1118. SERVICE CHARGES OF ‘ANYWHERE BANKING FACILITY’
Parameter Slab Revised Rates
Up to Rs.1 lac
Transfer of funds (to be debited Above Rs.1 lac up to Rs.2 lac
from drawee’s account) NIL
Above Rs.2 lac
Clearing Any amount NIL
Up to Rs.1 lac Normal charges as def ined. No
Speed Clearing additional charges under
Above Rs.1 lac ‘Anywhere Banking’
ECS Return for insufficient fund SB Accounts Normal charges as def ined. No
additional charges under
Other Accounts
‘Anywhere Banking’
Issue of DD / NEFT / RTGS All customers Normal charges as def ined. No
additional charges under
‘Anywhere Banking’
Statement charges All customers NIL
Updating of Passbook All customers NIL
Normal charges as defined. No
Stop Payment Instructions SB Accounts
additional charges under
‘Anywhere Banking’
Normal charges as defined. No
Other Accounts additional charges under
‘Anywhere Banking’
No charges under ‘Anywhere
Staff Accounts ==== Banking’
19. Allahabad Bank RuPay ATM cum Debit Card
Allahabad Bank RuPay Allahabad Bank RuPay
ATM cum debit Card (Platinum) ATM cum debit
Name of Item Domestic Card (International)
Rates in Rs. Rates in Rs.
Membership Fee NIL Rs. 200.00(Upfront)
Rs. 200.00
Annual fee Rs. 100.00 (1st year waived)
(From the second Year)
Renewal charges Rs. 100.00 Rs. 200.00
Card Replacement Charges Rs. 100.00 Rs. 200.00
Rs. 25.00 Rs. 25.00
(Upfront) (Upfront)
Duplicate PIN (Generation of Green PIN (Generation of Green PIN
through Internet Banking is through Internet Banking is
free of cost) free of cost)
Revision of Service Charges (2018-19) Page 12Allahabad Bank RuPay
Allahabad Bank RuPay
(Platinum) ATM cum debit
Name of Item ATM cum debit Card
Card (International) Rates
Domestic Rates in Rs.
in Rs.
Transaction Charges for using
NIL NIL
Bank’s Own ATM
Transaction charges for using other Financial: Rs. 15.00 Financial: Rs. 15.00
Bank’s ATM
(Beyond 5 Transaction) Non financial: Rs. 5.00 Non financial: Rs. 5.00
For Cash Withdrawal:
Not Applicable, since it is a Rs.150.00 per transaction
Transaction Charge (abroad)
domestic card For Balance Enquiry:
Rs.15.00 per transaction
Point of Sale Charges (PoS) NIL NIL
Using Card at Petrol Pumps 2.50% or min Rs.10.43 2.50% or min Rs.10.43
Using Cards for Railway Ticket 2.50% or min Rs.10.43 2.50% or min Rs.10.43
20. Remittances through IMPS
Sl. Description (Range) of Service Charge in Rs. (Excl GST)
No. transaction in Rs.
Transaction done at Transactions through Internet
Branch Banking/ Mobile Banking
1. Upto 1000/- Nil Nil
2. From 1001/- to 10000/- Rs.2.50 Rs.2.00
3. From 10001/- to 25000/- Rs.5.00 Rs.4.00
4. From 25000/- to 100000/- Rs.5.00 Rs.5.00
5. From 100001/- to 200000/- Rs.15.00 Rs.12.00
21. UPI/BHIM/USSD Services: Nil
22. BHIM Aadhaar Pay- charges on MDR
Sl. No. Transaction Range in Rs. MDR in % of transaction
1. Up to 2000/- Nil
2. Above 2000/- 0.25%
23. CASH HANDLING CHARGES
Sl.No Name of items Rates
1 Cash Deposit Charges Savings Bank:
3 deposit transaction per month- free-
After 3 transaction Rs.2/- per thousand (Minimum Rs.25/-
Maximum Rs.20000/-)
Note : Excluding Staff A/c., Sr. Citizen A/c., Pensioners A/c
Current :
MAB : Up to 1 lac
i) Upto Rs.100000/- per day:- Free
ii) Beyond Rs.100000/- per day: Rs.2/- per Rs.1000/-
Minimum Rs.100/- Maximum Rs.20000/-
MAB : Above Rs.1 lac
i) Upto Rs.200000/- per day: Free
Revision of Service Charges (2018-19) Page 13ii) Beyond Rs.200000/- per day:Rs.2/- per Rs.1000/-
Minimum Rs.200/- Maximum Rs.20000/-
Note : Rates are applicable for both home and non home branch
2 Cash Withdrawal Savings Bank:
Charges 3 transaction per month- free-
After 3 transaction Rs.2/- per thousand (Minimum Rs.25/-
Maximum Rs.20000/-)
Note : Excluding Staff A/c., Sr. Citizen A/c., Pensioners A/c
Current:
5 withdrawal transaction free in a month
After 5 transaction
Up to Rs. 50000: Rs.2 per 1000 fixed to be realised from the
beneficiary account.
Min:Rs.25 Max: Rs.20000
Above Rs.50000: Rs.3 per 1000/- on the whole amount to be
realised from the beneficiary’s account.
Minimum: Rs.150/- and Max:20000/-
Note : Rates are applicable for both home and non home branch.
Cash withdrawal at non home branch is restricted maximum up to
Rs.50000/-per cheque
Revision of Service Charges (2018-19) Page 14Section ‘B’
CREDIT RELATED ISSUES
Revision of Service Charges (2018-19) Page 15SECTION ‘B’
SERVICE CHARGES (EXCLUSIVE OF TAXES) ON CREDIT RELATED ISSUES
B.1. RETAIL CREDIT
PROCESSING FEES & PREPAYMENT FEES FOR RETAIL CREDIT PRODUCTS :
Sl Revised Revised Inspection &
No Processing Prepayment Documentation Mortgage Supervision
Scheme
Charges Penalty Charges Charges Charges
1 All Bank Rent Up to Rs.25 lacs :
1.06%,
Min Rs.2670
Abov Rs.25 lacs to Applicable as Applicable as Applicable as
1.98% of
Rs.150 lacs: per charges per charges per charges
Outstanding
0.60%, prescribed prescribed prescribed
2 All Bank Property Balance only in under Para
Min.Rs.28000 under Para B. under Para
case of takeover
B. 3.4 3.4 B.3.5
Above Rs.150 lacs:
0.27%, Minimum
Rs.80100
Rs.200- per lac, Applicable as Applicable as Applicable as
Minim um 1.98% of per charges per charges per charges
3 All Bank Trade Rs.1780 Outstanding prescribed prescribed prescribed
Balance only in under Para under Para under Para
Maximum
case of takeover B.3.4 B.3.4 B.3.5
Rs.40000
1.98% of Applicable as Applicable as
AllBank 0.36% of loan per charges per charges
Commercial amount Outstanding prescribed prescribed NIL
4 Vehicle Finance Minimum Rs.1780 Balance only in under Para under Para
case of takeover B.3.4 B.3.4
0.50% of Loan
amount, Maximum 3.00% of
Rs.8696 Outstanding
Car Loan Nil NA NIL
Balance only in
5 (Allahabad Bank case of takeover
Em ployees- NIL)
3.00% of
Rs.534 Outstanding
6 All Bank Mobike Nil NA NIL
Balance only in
case of takeover
AllBank Ashiana
(i) For loan
amount up to
Rs.100 lacs –
7 Housing Finance 0.40% Nil Nil NA NIL
of the loan
amount , max :
Rs.15000
(ii) For loan
amount above
Revision of Service Charges (2018-19) Page 16Sl Revised Revised Inspection &
Processing Prepayment Documentation Mortgage
No Scheme Supervision
Charges Penalty Charges Charges Charges
Rs.100 lacs -
0.24% of the loan
amount max:
Rs.50000
# The same shall
not be charged for
Allahabad Bank
employees
(i) For loan
amount up to
Rs.100 lacs –
0.40% of the loan
Housing loan to amount , m ax :
8 LIC Employees / Rs.15000 Nil Nil NA NIL
Officers / Agents (ii) For loan
amount above
Rs.100 lacs -
0.24% of the loan
amount max:
Rs.50000
(i) For loan
amount up to
Rs.100 lacs –
0.40%
of the loan
Housing Finance amount , max:
9 Scheme for Rs.15000 Nil Nil NA Nil
NRI/PIO (ii) For loan
amount above
Rs.100 lacs -
0.24% of the loan
amount max:
Rs.50000
(i) For loan 2.25% of
Prem ium Housing
amount up to Outstanding
10 Finance Scheme Nil NA NIL
Rs.100 lacs – Balance only in
for HNIs
0.40% case of takeover
of the loan
amount , max :
Rs.15000
(ii) For loan
amount above
Rs.100 lacs -
0.24% of the loan
amount max:
Rs.50000
0.53% of loan 2.25% of
amount, Min Outstanding
House Furnishing
11 Rs.223 (Allahabad Balance only in Nil NA NIL
/ Repairing Loan
Bank employees- case of takeover
Nil)
Revision of Service Charges (2018-19) Page 17Sl Revised Revised Inspection &
Documentation Mortgage
No Scheme Processing Prepayment Supervision
Charges Charges
Charges Penalty Charges
Short term loan for
application money
(financed by local
housing board/
12 Rs.223 Nil Nil NA NIL
authorities f or
allotment of
residential plot/flat/
houses)
3.00% of
1.06% of loan
AllBank Saral Outstanding
13 amount; Min- Nil NA Nil
Loan Scheme Balance only in
Rs.1068
case of takeover
3.00% of
1.06% of loan
Outstanding
14 SARAL-2 amount; Min- Nil NA Nil
Balance only in
Rs.1068
case of takeover
Personal Loan 3.00% of
1.06% of loan
(Doctors & Outstanding
15 amount; Min- Nil NA Nil
Medical Balance only in
Rs.534
Practitioners) case of takeover
3.00% of
Personal Loan Outstanding
16 Nil Nil NA Nil
(Pensioners) Balance only in
case of takeover
Personal Loan to 3.00% of
1.06% of loan
LIC amount; Min- Outstanding
17 Nil NA Nil
employees/Officers Balance only in
Rs.534
/Agents case of takeover
3.00% of
Overdraft 1.06% of loan
Outstanding
18 Scheme f or LIC amount; Min- Nil NA Nil
Balance only in
Officers Rs.534
case of takeover
0.53% of loan
2.25% of
amount, Minimum
Loan against Outstanding
19 Rs.223(Allahabad Nil NA NIL
NSC/KVP Balance only in
Bank employees-
case of takeover
Nil)
20 Education Loan For studies in Actual
NIL NIL
Scheme India. NIL expenses if
For Loan amount any be borne
up to Rs. 10 lacs- by the
Nil student/
Above Rs.10 lacs- parent or
0.15%, guardian.
Max:Rs.3000
For studies abroad
For loan amount
upto Rs.20 lacs- Nil
Above Rs.20 lacs-
0.10%
Max- Rs.5000
Revision of Service Charges (2018-19) Page 18Sl Revised Revised Inspection &
Documentation Mortgage
No Scheme Processing Prepayment Supervision
Charges Charges
Charges Penalty Charges
21 OD in SB A/c
Nil
22 G yan Deepika
Nil NIL NA NIL
0.40% of loan
amount
23 Gold Loan
1.06% times of one 2.25% of
month's annuity, Outstanding
Reverse Mortgage Maximum- Nil NA NIL
Balance only in
24 Scheme Rs.10680 case of takeover
Salary tie-up
AllBank IPO/ FPO cases- Nil Others- Nil Nil NA NIL
25 Rs.534
Finance Scheme
Term loan- Applicable as Applicable as
Maxim um 1.06% per charges per charges
AllBank Fleet 1.06% of the
26 on the prepaid prescribed prescribed
Finance Scheme sanctioned amount
amount for the under Para under Para NIL
residual period B.3.4 B.3.4
• Processing fee will not be payable in case of loan to Allahabad Bank Employees ( Serving & Retired)
under Housing Loan, House Furnishing Loan, Car Loan, AllBank Mobike Loan, Personal
Loan(Pensioners), Reverse Mortgage Scheme, AllBank IPO/ FPO Finance Scheme & Loan against
NSC/KVP.
• Prepayment Penalty, wherever prescribed will be charged only in case of takeover of loan by other
Bank / FI.
• Inspection & Supervision Charges will be applicable only in case of AllBank Rent, AllBank Property &
AllBank Trade.
• Documentation & Mortgage charges are payable only in case of AllBank Rent, AllBank Property ,
AllBank Trade & Commercial Vehicle Finance Scheme.
• In Retail schemes where mortgage charges are not applicable (NA), actual charges f or creation of
mortgage i.e. fees payable f or NEC, registration with Central Registry, cost of stamp, Fees payable
for registration of mortgage etc will be borne by the borrower/(s).
• In case of annual review / renewal of term loan under above Retail Schemes at existing level
(wherever applicable) no charges will be realized.
• In case of annual review / renewal of Overdraft Limit under AllBank Property, AllBank Trade,
Commercial Vehicle Finance & AllBank Fleet Finance Scheme processing charges will be
applicable as per Sl. No.2, 3, 4 & 26 respectively.
Revision of Service Charges (2018-19) Page 19SECTION ‘B’
SERVICE CHARGES (EXCLUSIVE OF TAXES) ON CREDIT RELATED ISSUES
B.2. AGRICULTURAL CREDIT
B.2.1. SERVICE CHARGES FOR AGRICULTURE CREDIT
PROCESSING FEES / UP FRONT FEES FOR SANCTION/RENEW AL OF ADV ANCES
Credit limits Revised Rates
Upto Rs.3 lac Nil
KCC – NIL
Above Rs.3 lac
OTHERS - Rs.227 per lacs or part thereof
Restructuring of Debt Nil
Ad-hoc Sanction & Short Term Loan
Above Rs.20,000 and up to Rs.50,000 Rs.1001
Above Rs.50,000 and up to Rs.25 lacs 0.24% of the Ad-hoc/Short Term Loan, Minimum
Rs.1001
Above Rs.25 lacs and upto Rs.5 crore 0.24% of the Ad-hoc/Short Term Loan, Min.
Rs.20003
Above Rs.5 crores 0.24% of the Ad-hoc/Short Term Loan
Note: Upfront/Proc. Fees for renewal/review of term loan under Agrl. - NIL
B.2.2. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION CHARGES
Credit limits (F & NF) Mortgage Charges Documentation Charges
Revised Rates
NIL
Up to Rs.2 lacs
Above Rs.2 lacs but up to Rs.5 lacs KCC – NIL
OTHERS - Rs.1001
Above Rs.5 lacs but upto Rs.10 lacs KCC – NIL
NIL OTHERS - Rs.2003
Above Rs.10 lacs but upto Rs.25 KCC – NIL
lacs OTHERS - Rs.3003
Above Rs.25 lacs but upto Rs.1 KCC – NIL
crore OTHERS - Rs.5002
KCC – NIL
Above Rs.1 crore Rs.10000
OTHERS - Rs.9977
Revision of Service Charges (2018-19) Page 20B.2.3. INSPECTION AND SUPERVISION CHARGES
Credit Limits Revised Rates
Upto Rs.50,000 NIL
KCC – NIL
Above Rs.50,000 upto Rs. 3 lac OTHERS - Rs.503 p.a.
KCC – NIL
Above Rs. 3 lac OTHERS - Rs.503 per lacs
p.a. (Maximum Rs.12002)
B.2.4. Any other charges under Agricultural not defined herein above must be levied as per
charges under other advances.
NOTE: For concessions under PSC please refer Section E 1.C
Revision of Service Charges (2018-19) Page 21SERVICE CHARGES (EXCLUSIVE OF TAXES) ON CREDIT RELATED ISSUES
B.3. OTHER ADV ANCES EXCLUDING AGRICULTURE & RETAIL CREDIT
B.3.1. PROCESSING FEES FOR SANCTION/RENEW AL OF ADV ANCES (BOTH FUNDED & NON
FUNDED) [OTHER TH AN AGRICULTURE & RETAIL CREDIT]
Name of the Items (Revised slab) Revised Rates
Proposals up to Rs.25,000 Nil
Proposals above Rs.25,000 up to Rs.50 lacs Rs.267 per lac or part thereof min. Rs.267
(Nil for MSEs with aggregate limits upto Rs.
5 lacs in terms of BCSBI-MSE Code)
Proposals above Rs.50 lacs Rs.356 per lac or part thereof; Max
Rs.8899964
Restructuring of Debt 75% of the usual charges
Adhoc Sanction & Short Term Loan
Above Rs.20,000 and upto Rs.50,000 Rs.890
(Nil for MSEs with aggregate limits upto Rs.
5 lacs in terms of BCSBI-MSE Code)
Above Rs.50,000 and upto Rs.25 lacs 0.61% of the Ad-hoc / Short Term Loan,
Min. Rs.1335
(Nil for MSEs with aggregate limits upto Rs.
5 lacs in terms of BCSBI-MSE Code)
Above Rs.25 lacs and upto Rs.5 crore 0.61% of the Ad-hoc/Short Term Loan,
Mini. Rs.22250
Above Rs.5 crores 0.61% of the Ad-hoc/Short Term Loan
B.3.2. LEAD B ANK CHARGES:
Charges for leadership in the Consortium Accounts, inclusive of the accounts, where the Bank
is the leader in financing Term Loan
Name of the Items Revised Rates
Charges for Leadership in the a. 0.31% p.a. of the aggregate funded & non funded
consortium Account limits from the banking system, negotiable but not
below 0.20%.
b. In case of sick units/ units under restructuring,
0.13% of the aggregate funded limit from
the banking system both working capital and
term loan will be realized.
Revision of Service Charges (2018-19) Page 22B.3.3. UPFRONT/PROCESSING FEES FOR TERM LO ANS
(OTHER THAN AGRICULTURE AND RETAIL CREDIT)
Name of the Items Revised Rates
Fresh Term Loan sanctioned Up to Rs.1 lac: :
excluding loans sanctioned under Nil
Retail Credit (As Upfront) Above Rs. 1 lac up to Rs.5 Lacs : Rs.2670 (lump
sum) (Nil for MSEs with aggregate limits upto Rs 5
lacs in terms of BCSBI-MSE Code)
Above Rs.5 Lacs: 1.07%
Standby credit assistance towards
1.07% per annum basis
redemption of CP issued/to be issued
by the borrower (to be charged on pro-
rata for a Min. period of 3 months)
Review/ Renewal of Term Loan Up to Rs.1 lac: Nil
( As Processing Fees) Above Rs.1 lac Up to Rs.5 lacs: Rs.890 (lump sum)
Above Rs.5 lacs: Rs.134 per lac; Min- Rs.1335;
Max- Rs.355998
( MSE/Other PSC – NIL )
Procedure for realization of Processing Charges/Upfront Fees.
For Working Capital
a. The Processing Charges will be realized while sanctioning the accounts on per annum basis
(minimum one year).
b. The full Processing Charges will be realized while reviewing the accounts on per annum basis
from the date of sanction.
c. In case of Operational review f or short period, a Processing Fee on pro-rata basis f or the
renewal period will be realized f or minimum 1 quarter and thereafter multiple of quarter The
length of the renewal period will be reckoned from the original review date or the extended
review date till the period for which operational review is done.
d. In case of review/renewal of account or enhancement in limits (Funded/Non Funded) bef ore
completion of 12 months from the last date of sanction, the processing fee should be realized
on pro-rata basis in respect of existing limits and full processing fee for the enhanced portion.
For Term Loan:
In case of fresh Term Loan, where Upfront fees at the rate more than 0.50% is being realized, no
separate Processing Fee will be levied. However if it is less than 0.50%, normal Processing Fee will
be realized, as applicable for reviewed/renewal of Term Loan.
B.3.4. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION
(OTHER THAN AGRICULTUR AL CREDIT BUT INCLUDING RETAIL CREDIT LO ANS)
Revised documentation Revised mortgage charges
Existing Credit Limits
Charges
Up to Rs. 50,000 Nil Nil
Rs.890
Rs.50,000 to Rs.2 lacs Rs.890
Revision of Service Charges (2018-19) Page 23Revised documentation Revised mortgage charges
Existing Credit Limits
Charges
Above Rs.2 lacs but up to Rs.2670
Rs.2670
Rs.5 lacs
Above Rs. 5 lacs but upto Rs.6230 Rs.6230
Rs. 20 lacs
Above Rs.20 lacs but upto Rs.13350
Rs.1 crore Rs.13350
Above Rs.1 crore Rs.17800 Rs.22250
Note:
a) In case of Retail Credit Schemes, (refer section B-1) documentation & mortgage
charges are applicable as per aforesaid rates.
b) Charges for creation of mortgage will be calculated on the amount of the Loan and not
on the value of the property, irrespective of the nature of the credit facility.
c) Cost of stamp and other expenses will be borne by the borrower separately.
d) Where no Mortgage is proposed, only Documentation Charges would be taken.
e) Actual charges including registry under Central Registry scheme to be levied from
borrower.
f) Mortgage charges in case of supplemental mortgage should be realized at rate of
50.00% of normal charges.
B.3.5. INSPECTION & SUPERVISION CHARGES
(OTHER THAN AGRICULTUR AL CREDIT BUT INCLUDING LO ANS UNDER RETAIL CREDIT)
Revised Credit Limits Revised Rates
Up to Rs.2 lacs NIL
Above Rs.2 lacs up to Rs.10 lacs Rs.445/ Qtr all centers
Above Rs.10 lacs up to 1cr Rs.1335 for all centers
Above Rs.1cr up to Rs. 5 cr Rs.3560 / Qtr for all centers
Above Rs. 5 cr Rs.7565 / Qtr for all centers
Note: In case of Retail Credit Schemes, (refer section B-1) Inspection & Supervision charges
are applicable as per aforesaid rates.
B.3.6. COMMITMENT CHARGES
Revised Commitment Charges Revised Rates
For Funded Working Capital Limits of 1% p.a. on the unutilized portion of the
Rs.5 Crore & above operating working capital limits subject to a
tolerance level of 15% of such limits
Revision of Service Charges (2018-19) Page 24B.3.7.CHARGES ON PURCHASE/DISCOUNT OF CHEQUES/BILLS
B.3.7.(a) Charges on purchase/discount of Cheques
Name of Items Revised
Rates
Charges on purchase/ discount of 44 paisa % plus Collection Charges as
Cheques applicable to collection of Cheques / Bills for
respective slabs & out of pocket expenses
B.3.7.(b) Charges on purchase/ discount of Bills
i) DABills:
Name of Items Revised Rates
Interest / additional interest, as applicable f or
working capital advances to the respective borrower,
DA Bills from the date of purchase till due date plus collection
charges, service charges and out of pocket expenses
(plus taxes) as applicable to bills for collection
for the respective slab, are to be realized. No
additional discounting charges to be realized
separately.
For DABills:
1. Applicable interest rate based on amount of bill and risk rating as per Interest Rate
Circular from the date of discounting bills till the date of maturity shall be charged.
2. Additional interest @ 2% over normal rate will be recovered for the period of default
from the borrower.
3. Prescribed service charge for collection of bills and out of pocket expenses (plus
taxes) will be realized.
ii) DP Bills:
Name of Items Revised Rates
DP Bills Discount charges @ 0.66% of the Bill Amount
(f or a period not exceeding 7 days)
plus normal collection charges/ Service
Charges (Normal Interest rate beyond 7 days)
plus out of pocket expenses (plus taxes) will
be realized.
Revision of Service Charges (2018-19) Page 25B.3.8.COMMISSION ON BANK GUARANTEE
B.3.8. (a) Performance Guarantee
Amount Slab Revised Rates
Rs.223 + 0.63% per Quarter with minimum of 2
Up to Rs. 5 Crore
Quarter, Minimum Rs.614
Above Rs. 5 Crore up to Rs. 10 Rs.534+ 0.63% per Quarter with minimum of 2 Quarter
Crore
Above Rs. 10 Crore Rs.890 + 0.63% per Quarter with minimum of 2 Quarter
B.3.8. (b) Financial Guarantee
Amount Slab Revised Rates
Rs.223 + 0.80% per Quarter with minimum of 2
Up to Rs. 5 Crore
Quarter, Minimum Rs.890
Above Rs. 5 Crore up to Rs. 10 Rs.1335 + 0.80% per Quarter with minimum of 2 Quarter
Crore
Above Rs. 10 Crore Rs.1780 + 0.80% per Quarter with minimum of 2 Quarter
Note: In case of one time Bank Guarantee for more than Rs.2 lacs (not covered by 100% margin
in the form of FDR), processing fee as applicable should be realized at the time of first sanction.
B.3.8. (c) General
Sl Name of Items Revised Rates
No.
i) Renewal of Guarantee The Charges will be the same as those applicable for
Issuance of fresh Guarantees, except that the claim
period is not charged for, if the renewal is
affected before the expiry date of the original
Guarantee. In essence the charges should be on total final
claim including the enhance period plus claim period.
ii) Commission on For amendments other than amount, period and
Amendments purpose of Guarantee, commission at the flat rate of
Rs.890 will be recovered.
iii) Guarantee on account Field functionaries may consider proposal for issuing
of payment of Statutory Guarantees favouring Customs/Excise Authorities for
dues payment of Statutory dues. As the risk factors for
issuing of such type of Guarantees are very high, no
concession in Commission will be permitted for issuing
such type of Guarantees. However, Guarantee should
not be issued in favour of Income Tax/Sales Tax
authorities f or payment of statutory dues without
obtaining specific permission from Head Office.
iv) Guarantee against 25% of Normal Charges to be levied with a minimum of
100% Cash Cover/FDR Rs.623. As this is already a Concessional rate, no further
concession would be permitted atfield level.
Revision of Service Charges (2018-19) Page 26Sl Name of Items Revised Rates
No.
v) Cancellation Charge It is observed that borrowers are reluctant to arrange for
return of original Guarantee, duly expired, from the
beneficiaries, as a result of which the Branches are not
taking prompt action to delete the outstanding Guarantees
from the Register, which bear negative impact on
computation Capital Adequacy.
In this regard, in case of Guarantees executed in favour of
parties other than Government Departments, the
Branch/es will be required to send a Registered
Letter to the beneficiary, provided no demand or
claim has been made by the beneficiary under the
Guarantee within its validity period, indicating therein
clearly that if the original Guarantee is not returned to Bank
within 15 days after the date of expiry thereof, the
Bank will delete the said outstanding Guarantee f rom its
Register/Book of Accounts. Accordingly, the following
cancellation charges will be realized f rom the respective
borrowers f or non- return of original Guarantee after the
date of expiry. The realization of Cancellation Charge
will not be applicable for Guarantees issued to Government
Authorities.
Amt. of Guarantee Revised Rates
Up to Rs.10 lacs Rs.890 per Guarantee
Above Rs.10 lacs but Rs.1780 per Guarantee
below Rs.20 lacs
Rs.20 lacs & above Rs.4450 per Guarantee
v) Refund of For Guarantees tendered for cancellation, before the
Guarantee date of expiry, only a portion of the Guarantee
Commission Commission already recovered be ref unded to the Customer.
Accordingly an amount computed at half the originally
charged rate f or the unexpired period of Guarantee
in multiple of 3 months may be refunded.
vi) Additional Additional Commission at applicable rates will be levied on
Commission the extended period of validity of Guarantees due to
restraints imposed on Banks by Court orders, at the
instance of Customers, f orm meeting their obligation to
beneficiaries when the Guarantee is invoked. In order to
protect the Bank against possible disputes f rom customers,
the following clause may be incorporated in the Counter
Indemnity to be obtained from customers:
“That if for any reason the Bank is prevented by any action
initiated by me/us from making payment to the beneficiary
of the Guaranteed amount, I/We will also be liable to pay
the Bank Guarantee Commission for the period for which
I/We delay by such action, the payment of discharge of the
Guarantee.”
Revision of Service Charges (2018-19) Page 27B.3.8.(d) Letter of Comfort in lieu of Bank Guarantee
Letter of Comfort in lieu of Bank Guarantee @ 3.11% p.a. with a minimum f or 2 Quarters would
be levied.
B.3.9. CHARGES ON INLAND LETTER OF CREDIT (LC)
General:
• Commission must be charged when an LC is opened & amended and no refund may be
allowed in any circumstances whatsoever, whether a credit is cancelled, partly availed of
or expires wholly un-availed of.
• W hen the Inland Letter of Credit opened by a bank is advised/ confirmed by its
own branch, the advising/confirming branch of the bank will not be entitled to
the advising/confirming commission.
• In case of invocation of Guarantee, devolvement of Letter of Credit and if it is not
regularized within a period of 30 days, all such Concessions allowed if any will be
withdrawn.
• out of pocket expenses (plus service tax) such as postage, telegram, telex, fax cable etc
shall be collected in addition to the usual charges as detailed below:
Name of the Items Revised Rates
At the time of opening
B.3.9.(a) Commitment Charge
(For the period of liability i.e. from the 0.31% of the LC amount for every period of
date of opening of credit to the last date three months or part thereof.
of its validity)
B.3.9.(b) Usance Charges (according to the tenor of the bill at the rate of)
(a) Bills up to 7 days 0.31% of the Bill, Min Rs. 445
(b) Bills over 7 days to 3 months 0.63% of the Bill Min. Rs.668
(c) In excess of 3 months. 0.63% of the Bill for the first three months plus
0.31% p.m. in excess of three months,
Min. Rs.890
Note: Rates are based on size of Individual L/C opened.
Name of the Items Revised Rates
B.3.9.(c) Amendment Charge
a. If LC is amended by way of Both usance & commitment charges shall be levied on
increase in amount the amount of increase. Min. Rs.890
b. If LC is amended by way of 0.31% of the LC amount for every extended period of
extension of period. three months or part thereof. Min. Rs.890
c. Amendment other than Rs.1335 per occasion
above
Revision of Service Charges (2018-19) Page 28Name of the Items Revised Rates
d. Reinstatement Charge On each reinstatement, usance charges according to
the tenor as stated above and Commitment charge of
0.23% on the reinstated amounts only.
B.3.9.(d) Revolving Letter of Credit
a. Opening Charge Normal LC opening charge
B.3.9.(e) LC advising charge
(When advising Inland LC 0.09% on each LC, Minimum Rs.1068
opened by Correspondent
Banks, which shall include
Letter of Authority/Order to
negotiate but does not carry
confirmation, the advising bank
shall levy advising commission)
B.3.9.(f) LC Confirmation charge
(If, advising bank confirms a @ 0.23% for every quarter or part thereof, Min.Rs.1068 as
Correspondent’s credit it should well as Usance charges according to the tenor of the bill at
collect a commitment charge for the rate specif ied in B.3.9 (b) above.
the full validity of the credit)
B.3.9.(g) Advise of transfer in transferable LCs
(Whether full or part and
whether endorsed on the credit Rs. 668 for each advice of transfer
itself or not)
B.3.9.(h) Acceptance Charge
(Commission on LC calling for 0.23% of the bill per month, Min. Rs.1068
usance bills to be drawn on and
accepted by the bank)
B.3.9.(i) LC Negotiation
Negotiating Branch shall levy negotiating charges at the following rates :
Bills : (a) Up to Rs. 2.50 lacs 0.36% min. Rs.1068
(b) Over Rs. 2.50 lacs 0.23%, Min. Rs.4450
B.3.9.(j) Charges for giving 0.31%, Min. Rs.1068
guarantee for discrepant
documents.
B.3.9.(k) Clean payment
received under LC Rs. 445 flat
B.3.9.(l) Attestation of
Commercial Invoice subsequent Rs. 44 per invoice Min. Rs.89 in each occasion.
to negotiation
Revision of Service Charges (2018-19) Page 29Name of the Items Revised Rates
B.3.9.(m) Non-payment/ non-
acceptance of demand/usance
bills of exchange on 0.17% Min. Rs.445
presentation/on due date
B.3.9.(n) Allocation of sub- Rs.4450 p.a. for allocation of limits to each branch
limit
B.3.9.(o) Charges for 0.27% Min: Rs.890
retirement of Bills under LCs
B.3.9.(p) Letter of Comfort in
lieu of Letter of Credit or Charges applicable for Financial guarantee will be applicable
Buyers’ Credit or Standby L/C
B.3.9.(p) Swift Handling Rs.500 per occasion
Charge
B.3.10. PREPAYMENT CHARGES FOR LO ANS OTHER THAN RETAIL CREDIT
Term Loan amount Revised Rates
All loans up to Rs.10.00 lac In case of Term Loan, if liquidated out of own source/
own generation- Nil.
In case availing loan from some other Bank/institution-
1.78% of the outstanding loan.
All loans above Rs.10.00 lac 1.78% of the outstanding loan.
NOTE : Postage and other out of pocket expenses to be realized on actual basis over and
above the Service Charges
******
Revision of Service Charges (2018-19) Page 30Section ‘C’
FOREIGN EXCHANGE RELATED ISSUES
Revision of Service Charges (2018-19) Page 31SECTION ‘C’
SERVICE CHARGES (EXCLUSIVE OF TAXES) ON FOREIGN EXCHANGE RELATED ISSUES
Sl Transaction Revised Rates
No.
Commission and other charges (except interest
charges and interest on outlay of funds), are
exclusive of Taxes out of pocket expenses (plus
taxes) at actuals, Courier/ Postage etc. Charges,
Early/ Late delivery / Swap Charges/Interest on
Outlay of Funds etc, as applicable, shall be
recovered in addition. Appropriate buying /selling
rate to be applied
1 IMPORT TRANS ACTION
IMPORT LETTER OF CREDIT
1A Commitment Charges
(For full validity of the LC i.e. from the 0.152% per quarter or part thereof.
date of opening to the last date of its
validity)
1B Usance Charges NOTE: Both Commitment & Usance charges
are related to opening of LC
1B Sight For LC s providing for bills up to 10 days' sight
a) 0.152% Min Rs.1001/-
1B DA upto 90 days For LC s providing for bills over 10 days' sight up
b) to 90 days' sight, 0.30% Min Rs.1504/-
1B DA Beyond 90 days For LC s providing for bills over 90 days sight:
c) 0.109 % per month or part thereof.
1C Concessional Rates
1.C Up to Rs. 5 crore (or equivalent in FC) Commitment & Uasnce Charges in Full as above
i)
1.C Above Rs 5 crore Upto Rs 10 crore a) Full charges up to LC value of Rs.5 crore Plus
ii) (or equivalent in FC) b)50 % of commitment & usance charges as in 1A
& 1B above on the amount in excess of Rs.5 crore
1.C Above Rs 10 crore (or equivalent in a) Full charges up to LC value of Rs.5 crore Plus
iii) FC) b) 50 % of commitment & usance charges as in 1A
& 1B above on the amount in excess of Rs.5
crore up to Rs.10 crore Plus
c) 40 % of commitment & usance charges as in
1A & 1 B above on the amount in excess of
Rs.10 crore
1.C. LC issued with full cash margin
iv)
1. C. Up to Rs. 5 crore (or equivalent in FC) 25% of normal charges
iv (a)
Revision of Service Charges (2018-19) Page 32Sl Transaction Revised Rates
No.
1. C. Above Rs 5 crore Upto Rs 10 crore 60 % of Applicable Rate for FDR.
iv (b) (or equivalent in FC) 40% of Applicable Rate for Cash Margin
1. C. Above Rs 10 crore (or equivalent in 50 % of Applicable Rate for Both Cash & FDR:
iv (c) FC)
1.D Amendment charges of L/C NOTE: In case both enhancement of LC Value
and extension of validity of LC are involved, both
the charges as under are to be realized
1.D. Extension of validity of LC within the Rs.503 f lat
a) period for which commitment charge
has been collected
1.D. Where extension of validity of (On the outstanding liability under the LC) Fresh
b) credit goes beyond the period for commitment charges at the applicable rate per
which commitment charge has been quarter or part thereof for the period of extension
collected with a minimum of Rs.752
1.D. Enhancement of LC Value Value shall be arrived at by adding the
c) enhancement amount to the original value of the
LC. Both usance & commitment charges as
applicable for the value so arrived at, less amount
already realized. Minimum Rs.1001
1.D. Amendment extending the tenor of the Usance charges as applicable for the amended
d) Bill of Exchange usance period less already realized amount
Minimum Rs.1001
1.D. Amendment other than extension of Rs.752 f lat
e) validity or enhancement of tenor of the
Bill of Exchange (including deferred
payment LCs / Guarantees)
1.D.f) For revival of expired LCs within 3 Usance & Commitment charges as applicable for
months from the date of expiry the outstanding LC liability from the date of
expiry up to the extended validity
Minimum Rs. 2003
1.E Import Bills Under LCs Commission on Import Bills under LCs
issued by us are to be recovered in addition to
LC issuing charges
1E Foreign Currency Bills under LCs
a)
At the time of retirement or crystallisation,
whichever is earlier
1.E. Up to Rs.5 crores 0.126% on bill amount Minimum Rs.1001
a (i)
1.E. Above Rs.5 crore up to Rs.10 crores 0.126% on Rs.5 crore plus 0.109% on the amount
a (ii) in excess of Rs.5 crore and up to Rs.10 crores
Revision of Service Charges (2018-19) Page 33Sl
Transaction Revised Rates
No.
1.E. Beyond Rs.10 crores Charges as above for upto Rs.10 crore plus
a (iii) 0.091% on the amount in excess of Rs.10
crore. Max Rs.175339
1E Foreign Currency Import Bills 0.126% on bill amount
b) under LCs
where no exchange benefit accrues Minimum Rs.1001
to the Bank
Maximum Rs.200249
1E Rupee Bills under LCs As per bill under domestic LCs
c)
1.E. Late payment commission 0.10% per quarter or part thereof for the entire
d) overdue period f or bills drawn under LC
not retired within 10 days from the date of receipt
of bills in case of demand bills and on the due
date in case of usance bills, to be recovered at
the end of each quarter.
1.E.f) Charges on account of USD 62 per discrepancy, if accepted by the
discrepant documents applicant, to be recovered f rom beneficiary /
negotiating bank. (Discrepancy charges should be
stipulated at the time of opening of LC)
Discrepancies must not be in violation of any
of the provisions of FEM A or any Statutory
Regulation
1.F. Commission on Import Bill
Not Under LC (Collection Bill))
1.F.a) W here exchange margin is earned on 0.222 % on bill amount.
foreign currency bills
1.F.b) On each bill drawn in rupees and on 0.361% on bill amount.
each bill drawn in f oreign currency on
which no exchange margin accrues. Maximum Rs.251830
1.F.c) On bills / documents covering project 50% of rate as applicable for bills under LC /
import under inter Govt aid scheme Collection, as the case may be
(including those financed by Minimum Rs.752, Maximum Rs.100125
international agencies like W orld
Bank, IMF, ADB etc. where no
letter of credit is opened.
1.F.d) In case of documents received by (At the time of remittance)
importers directly from overseas 0.25 % Minimum Rs.2500
exporters / bank.
1.F If the overseas bank or the exporter Rs.1001 in addition to commission as
e) abroad requests proceeds of collection applicable for collection bill.
bill to be remitted in a currency other
than the currency of the bill
1.F Countersigning Bill of Exchange 0.10 % per month or part thereof for the usance
f) drawn on importers under LCs period , Minimum 0.204% , Max 0.50%
Revision of Service Charges (2018-19) Page 34Sl
Transaction Revised Rates
No.
1.Fg) Payment of Import Bill which are Commission as applicable for Collection Import
settled out of f oreign currency loans Bill where no exchange is earned
arranged abroad and from balances in
EEFC account
1.F If import documents are required to be Rs.500 as handling charge
h) forwarded to another bank which is
required to remit the proceeds to the
bank abroad
1.F i) Booking of forward contract with 0.126 %
another bank in respect of import bills
drawn under LC opened by us (i.e.
import bill handled by us but FC
funds purchased by the importer
though other bank in India )
1.F j) Overdue Import Bills on Collection Rs.500 per quarter or part thereof for
the overdue period, to be realised at the end of
each quarter. Unpaid documents are not to be
held beyond Tw o quarters, under intimation to
the overseas Bank. If refused by the
Importer, USD 27 per quarter to be claimed f rom
O/S Bk.
1.F Import Collection Bill Returned Rs.1504 plus Overdue Commission as above. If
k) Unpaid
ref used by the importer USD 118 plus overdue
commission as above, to be claimed f rom the
overseas Bank
1. G Inward Parcels Rs.1504 per month. Parcels must be received
Through overseas bank /correspondent and
cleared by customs authorities.
2 EXPORT TRANSACTION
2.A Export Bills Purchased / Negotiated
/ Discounted
2.A Processing Charges for each foreign
i) currency export bill Rs.1001 per bill
2A ii) Processing Charges for each rupee
export bill Rs.1001 per bill
2A.iii) For forwarding export documents on
which no collection commission or
exchange accrues to the bank (i.e. Rs.1001 per bill
from one bank to other bank in India)
2A Reimbursement charges under Letter a) Reimbursement Claim from India, but payment in
iv) of Credit FC :Rs.750 per claim
b) Claim from abroad (other than the bank to
whom bills are sent): Rs.1250 per claim.
2A Forwarding export document to Rs.2003 per document
v) another bank for negotiation to
whom LC is restricted by the bank and
/ or which has booked the forward
contract.
Revision of Service Charges (2018-19) Page 35Sl
Transaction Revised Rates
No.
2A For joining customer's guarantee and 0.15 % of the bill amount, Minimum
vi) giving guarantees on behalf of Rs.1001. Maximum Rs.15000
customers in respect of discrepant Discrepancies must not be in violation of any
documents of the rules of the country / international rule /
practice
2A Overdue export bills purchased / Rs.1001 per quarter or part thereof per bill for the
vii) negotiated/discounted where proceeds overdue period (To be realised at the end of each
are not received in Nostro accounts quarter)
within Due / Notional Due Date
# a) Applicable also in case of deferred a) Applicable also in case of deferred exports if
Note exports if the relative export proceeds the relative export proceeds are not received
are not received within the stipulated within the stipulated period
period
b) Not applicable in case of b) Not applicable in case of bills drawn on
bills drawn on countries with countries with externalisation problem but paid in
externalization problem but paid in local currency and the exporter has obtained
local currency and the exporter has necessary approval from Reserve Bank
obtained necessary approval from
Reserve
2A Charges for discrepancies in export
viii) documents under LC =====
2A Substitution / Change of Tenor Change of Tenor (within 180 days
ix) of shipment): Concessional rate on post-
shipment credit upto the extended period in
accordance with the directives of RBI. Recovery
/ payment of swap difference and interest on
outlay of funds, if any, to be made.
Change of Buyer Rs.500 per bill
2B Export Collection Bills
2. B. Both foreign currency & Rupee export Foreign Currency Bills W here Exchange Margin
i) Bills is earned:
0 .10%
Min Rs.1001
Max Rs.20024
Rupee Bill :
0.152%
Min Rs.2003
Max Rs.24921
2 B. Export bills sent for collection where Rs.500 per quarter or part thereof for the
ii) proceeds are not received within Due overdue period (To be realised at the end
/ Notional Due Date of each quarter) (This is in addition to
commission as applicable for export bill sent
on collection)
Revision of Service Charges (2018-19) Page 36Sl
Transaction Revised Rates
No.
2B For each complete set of export docs Docs handled against own FIRC
iii) sent by the exporter directly to Rs.500 per bill
overseas buyer in terms of extant
Docs handled against other bank's FIRC
FEMA guidelines while disposing of
the relative GR forms Upto Rs.2 lakh or equiv--Rs.261 per GR Minimum
Rs.500 per bill Over Rs.2 lakh or equiv Rs.500
per GR form Min Rs.751 Max Rs.2500
2B Additional charges where proceeds of Foreign Currency Bills W here
iv) bills are received through a bank other Exchange Margin is earned 0.10%
than the collecting bank at the
instance of the exporter / overseas Min Rs.1001
buyer. Max Rs.200
Rupee Bill : 0 .152%
Min Rs.2003/-
Max Rs.50017
2B Export Bills against which advance 0.10% per bill, if remittance received through us.
v) payment already received Min. Rs.500
Max. Rs.3517
0.126 % per bill if remittance received through
any other bank & FIRC is produced:
Min Rs.1001
Max Rs.10013
2B Commission in lieu of Exchange
vi)
2B.vi W here pre-shipment advance has 0.126%
a) been granted against a letter of credit Minimum Rs.1504 - Maximum Rs.24291
/ export order but the bills are
negotiated through another bank (W here foreign currency is not received from the
other AD)
2B.vi W here the proceeds of an export bill 0.126%
b) negotiated are paid in foreign Minimum Rs.1504 -Maximum Rs.24291
currency to another A.D.
2B.vi W here an export bill is sent 0.126%
.c) for collection abroad but the Minimum Rs.1504 -Maximum Rs.24291
payment is received in rupees
through another A.D. in India
2B.vi Deemed export bills in foreign 0.126%
.d) currency as defined by the RBI / Exim Minimum Rs.1504
Policy from time to time. Maximum Rs.24291
2B.vi W here an export bill is negotiated NIL for the part held in EEFC A/C
.e) / purchased / sent for collection and
its proceeds are credited to EEFC
A/C in full / part.
2B W hen bank charges recoverable from Charges to be recovered from the exporter
vi .f) the drawee but refused
Revision of Service Charges (2018-19) Page 37Sl
Transaction Revised Rates
No.
2B Export Bill Returned Unpaid Rs.500 per bill (In addition to negotiation
vi g)
/ purchase/ collection commission and overdue
charges.)
2B vi Export Bills Returned Unpaid Rs.500 per Bill in addition to Collection
h)
/ Negotiation / Purchase Commission and
Overdue Commission, as applicable
2C Certificates
2C Issuance of certif icates / attestation in Rs.152 per certif icate / attestation
I) respect of export transaction
Rs.304 f lat per registration
2C Registration of Export Contracts Rs.152 f lat per amendment
ii)
2C Annual Export Turnover Certif icate Rs.1001 per certif icate (for each year)
iii)
2 .D Processing fee for advance against 0.152 %
Govt sponsored incentive Minimum Rs.500
schemes.
Maximum Rs.5002
2.E Export Letter of Credit Including standby LC, Letter of Authority, Orders
to Negotiate, Orders for payment etc
2E Advising letter of credit (recording, Own Customer Rs.500 flat
i) scrutinising, authenticating,
Others Rs.1001 flat
verif ication)
2E Advising amendments Rs.752 per amendment
ii)
2E Advising LC / amendment to the Rs.752 per LC / Amendment
iii) beneficiary through another bank
2E W hen LC is already advised by other Rs.103 per LC If an LC has been advised to
iv) Bank and received f or further advising
another branch of our Bank, no charge shall be
levied by the second branch.
2. F. Confirmation Charges Subject to approval of the appropriate
authority for adding confirmation
2. Commitment Charge Both Commitment & Usance Charges
F.I)
2. F Usance Charge As per charges for establishing Import Letter of
ii) Credit with concessions for high values as
applicable
2. G. Transfer of Letter of Credit To be recovered from the first beneficiary.
2.G.I Each advice of transfer
) Rs.1001 per transfer
2. H. Acceptance commission for accepting 0.178 % per quarter and part thereof for
usance drafts to be drawn on and the usance period Minimum Rs.1504
accepted by bank in India (Approval from appropriate authority to
accept is required)
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