General Terms & Conditions

a) In every case out of pocket expenses to be recovered invariably over and above the prescribed charges.

b) Staff members shall continue to be fully exempted from all the service charges except Locker rents or where specifically mentioned at a particular item.

c) All service charges are to be rounded off to the next higher rupee.

d) Quarterly Average balance linked incidental charges for non-maintenance of minimum balance shall be levied for the full quarter for any closure of the account during a quarter.

e) On all the charges as specified below, service tax at the rates prescribed by the Government from time to time, be recovered additionally.

S. No	Category	Existing
01	Comm. On Outward bills for collection (OBC) Upto Rs.5000 Above 5000 upto 10000 Above 10000 upto 1 lakh Above 1 lakh	Rs. 25 Rs. 50 Rs. 100 Rs. 250
02	Comm. on Inward bills for collection (IBC)	Rs-6 per thousand
03	Bill discounting charges	Rs 1.50 per thousand per day
04	Outward Clearing Charges	Rs-2.00 per instrument
05	Cheque Returning charges a).Inward clearing: b).Outward clearing:	Rs-200 Rs-100
06	Issue of DDs on IDBI	Re.1/- per thousand Min. Rs.25/-
07	Issuance of Pay orders	Re.1/- per thousand Minimum Rs.25/-
08	Cancellation of DD/PO	Rs-100 per instrument
09	Issue of duplicate DD/PO	Rs-150 per instrument
10	Cheque Book charges a) Saving accounts: b) All others:	Nil Rs-2 per leaf
11	Stop Payment charges per Cheque for all type of a/cs	Rs-200
12	Account services a) Signature verification: b) address confirmation: c)Photograph verification: d) Any other Certificate (Except TDS Certificate):	Rs-100 Rs-100 Rs-100 Rs-100
13	Registration of Standing Instructions	Rs-100 per instructions
14	Issuance of Duplicate Pass Book (SB A/cs) Statement of CC, ODIP, CA,OD a/cs: per page:	Rs-50 Rs-50 per page
15	Charges on day to day basis for non maintenance of minimum balance	Rs-25
16	Minimum Balance Required to be maintained i) Current accounts: ii) Saving accounts (With Cheque Book): Without Cheque Book:	Rs-3000 Rs-1000 Rs-500
17	Half Yearly Incidental charges a) Current& OD A/cs: b)Cash Credit A/cs & ODIP:	Rs-750 Rs. 1100/- + GST
18	Half yearly Incidental Charges on Inop. A/cs	SB A/cs: Rs-100, CA A/cs: Rs-200
19	Charges for closing the account within one year a) Saving account: b) Current/OD account: c) Cash Credit account:	Rs-050 Rs. 750/- +GST Rs. 1000/- + GST
20	Locker Rent Per Annum Small locker: Medium Locker: Large Locker:	Rs. 600 Rs. 1250 Rs. 2500
21	Copy from Old Records a) Up to 1 year: b) Over 1 year:	Rs-100 per page Rs-100 per page
22	Cash Handling Charges Only on Rs.50/-, Rs.20/-, Rs.10/- & Rs.5/- denominations Except Loans against FD	Rs.5 per packet/ 100 notes
23	Bank Guarantee Comm.	1% of guarantee amount, per year
24	Inspection charges for CC, ODIP, TL loan a/cs (Except against FDR, NSC, KVP)	Rs-200 One time
25	Conveyance charges for stock verification	Rs-100/- per verification
26	Foreclosure/prepayment charges for a loan A/c (Except housing loan)	Nil
27	Processing Fee on CC,OD,TL ML, a/cs Fresh Renewal upto 2 lac above 2 lacs upto 5 lacs above 5 lacs upto 20 lacs above 20 lacs Consumer & vehicle loan	0.50% Rs. 200 Rs. 500 Rs. 2000 0.10% Nil
28	Penal interest	2% for default period on default amount
29	SMS charges DJY A/cs at the time of Maturity Other A/cs	Rs.15/- Rs.15/- (quarterly)

Additional Terms & Conditions

1. Statement of account to Current/Cash Credit/Overdraft account holders first copy to be provided free of cost and charges as above are to be levied for additional copies.

2. In case of lockers held by the Staff members, the rent shall be charged at 50% of the charges prescribed for the applicable category of locker from time to time.

3. The term staff member shall include employees on permanent/Contract/ temporary basis.

4. No prepayment charges are to be recovered if the total repayments during a financial year do not exceed the total amount of installments for the year plus 20% of the balance outstanding in a loan a/cs as at 31st March of the previous year.

5. Chairman/Administrator is authorized to consider relaxation in service charges to any extent, on merits of each case.

6. Penal Interest should not be considered as a measure of Revenue source but is to be levied to enforce discipline upon the Borrowers.

7. Locker rent is to be charged for the entire year in advance. In case of the surrender of the locker, the rent has to be charged on a quarterly basis, and the balance amount may be refunded to the lessee on the written request.

8. Guarantee commission is to be charged for the entire period of its validity, including the grace period, and in case of its cancellation earlier to the liability period, the commission has to be retained for the liability period for the completed quarters, and the balance may be considered for a refund.

General Manager(I)