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Service Charges & Fees

(Effective 01-12-2013)

Sr. Particulars Rates (Present Service Tax as applicable)
 01  Issue of Duplicate Demand Drafts  Rs. 60/- per instrument
 02  Revalidation/ Cancellation of Drafts  Rs. 50/- per instrument
 03  Handling charges for outward Cheques/Bills returned unpaid [ For reasons other than our Bank's mistake]  Rs. 75/- per instrument
 
 04  Stop payment Instructions  Rs. 50/-per instrument
 05  Standing Instructions  Rs. 25/- per transaction
 06  A/c Closure Charges  Rs. 100/- if a/c is closed before 12 months (except no-frill a/cs)
 07  Issue of Duplicate Pass Book  Rs. 25/- per pass book with transaction for the current year only.
Rs. 20/- per each previous year
 08  Issue of Duplicate Statement  Rs.20/- per ledger folio
 09  Enquiry relating to old records (if the enquiry is for an item more than 12 months old)  Rs. 20/- per item
 10  For issuance of No Dues Certificate  Rs. 50/-per certificate
 11  
Issue of Solvancy Certificate

 Upto Rs. 1/- lacs
 Above Rs. 1/- lacs & Upto Rs.25/- Lacs
 Above Rs. 25/- lacs & Upto R. 50/- lacs
 Above Rs. 50/- lacs
 
 Rs. 750/-
 Rs. 1200/-
 Rs. 2500/-
 Rs. 5000/-

 12 Minimum Balance - Charges for Non maintenance :
Description S.B. A/c
with Cheque Book
S.B. A/c
Without Cheque Book
Current A/c (Except against O.D.F.D.)
Minimum Balance Rs. 500/- Rs. 300/- Rs. 1000/-
Service Charges Applicable if balance falls below minimum on any day in a quarter Rs. 40/- Rs. 25/- Rs. 100/-

 13  Issue of Cheque Books  
   SB A/cs  1 Cheque Book (15L)every 2 month free thereafter Rs.2 per cheque leaf
   Current A/cs  Rs. 3/- per cheque leaf
(If average balance Rs.1/- Lacs quarterly maintained-No Charge)
   OD(FD)/CC/Hypo/BD A/cs  Re. 3/- per cheque leaf

 14  Loan Processing Charges (New/Renewal)
 Type of Loan / Advances  New / Additional Sanction Limit Processing Charge
 Loan & Advances up to 1.50 Crore  0.60 % on Sanctioned Amount or Maximum Rs.50,000/- (which ever is less)
 Loan & Advances more than 1.50/- Crore  0.30 % on Sanctioned Amount or Maximum Rs.60,000/- (which ever is less)
 Renewal Adv. Limit Processing Charge  --Renewal As above--
   Note :  Processing charges will be applicable on all Adhoc limit or Temporary limit at 0.50% per annum on proportionate basis.
   Note :  No Processing Charge on Govt.Sec./ NSC / KVP / LIC / Relief Bond.

 15  e-Payment Service - Free (w.e.f. 01-09-2012)
(Tax Challan) VAT (Guj.VAT) CST - Excise and Service Tax
 

 16  Service Rendered Free of Charge
[1]  DDs/ Pay orders on MUMBAI & DEHGAM free of cost.
[2]  No service charge for Minimum balances in No FRILL A/Cs.
[3]  1 Chequebook per quarter in S/B A/C.
[4]  Loan Processing (New / Renewal) upto Rs. 25,000/-
[5]  Enquiry relating to old records for an item less than 1 year free.
[6]  Account Statement free
[7]  No penal Int. for loans upto Rs. 25000/- under priority sector.

 17  Bill Discounting under L/C
  Bill discounting under L/C charge Rs 750/- (+) interest as applicable
  Bank Guarantee
 (A)  With 100% Cash Margin -  1% p.a. or part thereof. Minimum Rs. 200/-
 (B)  Others -  1.5% p.a. or part thereof. Minimum Rs. 500/-
   Notes:
[1]  Guarantee Commission to be levied on entire validity period including claim period
[2]  Commission to be collected upfront.
[3]  Commission to be collected at every renewal

 18Issue of Inland Foreign L/c  1% p.a. of L/C amount, if margin is 100%
1.5% p.a. of L/C amount, if margin is less than 100%.
In the case of issue of L/C through Karur Vaishya Bank, then that Bank's charges will be levied additionally.
 19Late Stock Statement  1% penal interest after grace period of one month from due date of submission.
 20Late Insurance  In case of insurance policy due date, 1% penal int. from due date.

 21Any type of Certificate Issue  Rs. 50/-
 22Confidential Report Charges  Rs. 200/-
 23Amount Transfer by FAX  Rs. 30/- extra to our Pay order charges
 24Signature Verification Charges  Rs. 15/-

 25 Inward Cheque Return Charges
(For inadequate Balance in the A/c)
(For inadequate Balance in the A/c)  Savings Other
Upto Rs. 50,000/-  Rs. 75/- Rs. 100/-
Upto Rs.1,00,000/-  Rs. 150/- Rs. 200/-
Upto Rs.2,00,000/-  Rs. 200/- Rs. 250/-
Above Rs.2,00,000/-  Rs. 300/-  Rs. 500/-

 26Loan Recovery Post dated Cheq. Return  Rs. 250/-(Per Cheque)

 27Limit visit / Inspection charges : Per Visit
  For Limit up to Rs.10/- Lacs 250/-
  Above Rs.10/- lacs to Rs.25/- Lacs 500/-
  Above Rs.25/- lacs to Rs.50/- Lacs 750/-
  Avove Rs.50/- Lacs 1000/-

 28 Half yearly incidental Charges
Current Accounts  Rs. 50/-
Advances A/cs other than Term Loan
and Overdraft a/cs
 Rs. 200/-

 29 RTGS / NEFT - Outward & Inward  NO Charges

 30 ECS Inward Return Charges
Upto Rs.50,000.00  Rs.50/- + Service Tax Per Transaction
Upto Rs.1/- Lacs  Rs.100/- + Service Tax Per Transaction
Upto Rs.2/- Lacs  Rs.150/- + Service Tax Per Transaction
Above Rs.2/- Lacs  Rs.200/- + Service Tax Per Transaction
 31 Outward Bill Collection Charge (OBC)
Upto Rs.10,000.00  Rs.50/- + Service Tax Per Transaction
Above 10,000/- Upto Rs.1/- Lacs  Rs.100/- + Service Tax Per Transaction
Above Rs.1/- Lacs  Rs.150/- + Service Tax Per Transaction
 32 Cash Handling Charge     (w.e.f. 15-05-2014)
Up to Rs.1,00,000/- cash deposit per account per day - No Charges
Cash deposit for more than Rs.1,00,000/- Charges will be Rs. 1/- per Rs.1000/- or part thereof

   Notes:
[1]  THE ABOVE RATES ARE EXCLUSIVE OF SERVICE TAX
[2]  PLEASE RECOVER SERVICE TAX AS APPLICABLE ON ALL SERVICE CHARGES INCLUDING POSTAGE CHARGES.