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Rates & Charges
 

The revised rate of Commission & Service charges from 31.12.2014:

 

Rate of commission for issue of DD/MT/TT, OBC/Inward Bills/DBC negotiable instruments and Service Charges applicable is given below.

 Rate of commission for issue of DD/MT

Amount

Rate of Commission

Up to Rs.1000

Rs. 15

From Rs.1001 to Rs 5000/-

Rs.25

 From Rs.5001 to Rs.10000

Rs.30

 From Rs. 10001 to Rs.1 lakh

Rs.2/Thousand        (Minimum Rs. 30)

Above Rs. 1 lakh

Rs.2/ Thousand (Minimum Rs. 200)(Maximum Rs.1000)

Commission of  Intersol Remittance 

Amount

Rate of Commission

Remarks

Up to Rs.1000/-

0.00

Account to Account from one branch to another branch  of a same customer no commission to be charged.  Remittance to loan account shall be allowed free of cost

From Rs.1001 to Rs 5000/-

0.00

From Rs.5001 to Rs.10000/-

0.00

 From Rs.10001 to  Rs. 50,000

Rs.5 + STG

 From Rs. 50001 to  Rs. 1 lakh

Rs.5+ STG

From Rs.1 lakh to  Rs. 2 lakh

Rs.15+ STG

from Rs.2 lakh to Rs.5 lakh

Rs.25+ STG

Above Rs.5 lakh

Rs.55+ STG

Commission for OBC/Inward Bills/DBC

Amount

Rate of Commission

up to Rs.5000           

Rs .25

From Rs.5001 to Rs.10000/-

Rs .50

From Rs.10001 to Rs.1 lakh

Rs .100

Above Rs. 1 lakh

Rs .150

 Discounting of cheques

Amount

Rate of Commission

Remarks

up toRs.5000/-

Rs .25 + interest @OD/OLCC loans.  (Minimum 7 days interest) + Postage

Penal interest is applicable after 14 days up to the date of realisation

 

From Rs.5001to Rs.10000

Rs .50+ interest @OD/OLCC loans.  (Minimum 7 days interest) + Postage

 

From Rs.10001 to Rs.1 lakh

Rs .100+ interest @OD/OLCC loans.  (Minimum 7 days interest) + Postage

Above Rs.1 lakh

Rs .150 + interest @OD/OLCC loans.  (Minimum 7 days

interest) + Postage

 General Conditions

(1)       Commission is not chargeable on cheques and other instruments tendered for collection by staff members.  DD. MT. TT etc. will also be issued to them without charging commission.  Anyhow, registration charges and agent bank’s commission, if any, will be recovered from the proceeds.

(2)       Remittance made by a customer in any of the branches of the bank towards his/her deposit accounts except CD account maintained with any other branch shall be credited at par.  For debit transactions charges should be charged in the applicable rate.

(3)       Commission need not be charged on remittance of share value.

 (4)      Remittance by borrowers towards all borrowal accounts  of the same customer maintained with any other branch shall also be adjusted at par.

 

(5)       On cheques tendered by individuals for collection and conversion into term deposit above 45 days, no commission need be charged.

 

(6)       Commission need not be charged for DD, MT, TT and OBC from individuals those who consistently maintaining a minimum balance of Rs.50000/- in their SB accounts and or having a fixed deposit of Rs.100000/- and above.

 

(7)       Current Account holders (other than co-operative societies) with minimum balance of Rs.100000/-, 50% concession can be allowed and Current Account holders with minimum balance of Rs.50000/-, 25% concession can be allowed for DD/MT/TT and OBC commission.

 

Service Charges

Sl. No

Particulars

Proposed

1

Cost of Cheque Book

Rs.3/- per leaf for additional book. Only  one cheque book free

2

Issue of duplicate pass book

Rs.25+Rs.10 per

additional page            

3

Ledger folio charge

 

CA/OD/CC

 Rs.25/- per page

SB

  Rs.10/- per page/ Per Year

Not applicable for staff & retired staff

4

Cheque return charges

 

Local cheques

Rs.102

OBC

Rs.153

5

Miscellaneous Service Charges

 

a.

Issue of duplicate DD/Security deposit receipt

Rs.25

b.

Closure of account within one year

 

CD

Rs.50

SB

Rs.50

RD

Rs.50

c.

Stop payment instruction

Rs.50

6

Locker Rent

 

A class

Rs.600

B class

Rs.700

C Class

Rs.800

7.

Service charge for break opening of locker due to loss of key

Rs.500/-+actual charge for break open and replacement

8.

Changing of operational instructions

50 + STG

9.

Service charge on loans & advances

0.50% on the limit of sanction

10

Attestation of customers signature

Rs.50/- + STG

11

Issue of Duplicate deposit receipt

Rs.50/- + STG

12

Issue of no dues certificate

Rs.50/-+ STG

13

Safe custody of sealed cover

Rs.250/-+STG

14

Enquiry related to old records

Rs.100/-+ STG

 

 

 
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