REVISED CHARGES (Excluding applicable Service Tax) w.e.f. 10.09.2013


SL.NO

PARTICULARS

(EXCLUDING APPLICABLE SERVICE TAX)

1.0

MAINTENANCE OF ACCOUNTS


1.1

 

ACCOUNT MAINTENANCE CHARGES (Half yearly)

 


Savings Bank


NIL


Note:


Up to 50 withdrawals (Half Yearly) in Savings Bank account are free. Beyond that Rs.1/- per withdrawal (excluding ATM transactions)

Current A/cs

(LF charges)

Rs.100/- FOR 40 transactions

Min Rs.100/- (Half Yearly)

Overdraft A/cs (LF Charges)

Rs.100/- FOR 40 transactions

Min Rs.100/- (Quarterly)

1.2

CHARGES FOR ISSUANCE OF STATEMENTS OF ACCOUNT


Savings Bank

NIL

CA/OD including ODAD



Monthly Free

Daily Rs.15/- per page

Weekly Rs.10/- per page


1.3

 

 

 

CHARGES FOR ISSUANCE OF DUPLICATE PASS BOOKS / PASS SHEET

(FOR ALL OPERATING A/CS)


DUPLICATE STATEMENT OF ACCOUNT

Minimum Rs.30/- for one sheet. Beyond that additional Rs.50/- per sheet.


DUPLICATE PASS BOOK

 

Rs.30/- per Pass Book – latest balance only.


For previous entries, additional charge Rs.50/- per ledger page or part thereof.


Note:



1.4

 

CHARGES FOR CHEQUE BOOK



Rs.4/- per cheque leaf at the time of issue of MICR / CTS cheque book.


For Single cheque leaf Rs.4/- per leaf

Note:


SB a/c of individuals 50 leaves are free in a calendar year.

1.5

 

 

 

CHARGES FOR NON-MAINTENANCE OF MONTHLY AVERAGE MINIMUM BALANCE


Savings Bank and SBNRE / NRO

(Excluding Dormant A/cs)


Charges details Click here

Current Account

(Excluding Dormant A/cs)

Rs.100/- per Month

 

Note:


Charges for non-maintenance of minimum balance are waived in respect of SB Sugama & SB Zero Balance.

1.6

 

CHARGES FOR STOP PAYMENT INSTRUCTIONS



Savings Bank


Rs.50/- per Instrument


Max. Rs.250/- per instruction



All other Operating A/cs


Rs.200/- per Instrument


Max. Rs.2000/- per instruction

1.7

 

 

 

 

 

 

 

 

 

CHARGES FOR ONE TIME REGISTRATION OF STANDING INSTRUCTIONS


If the instructions have to be executed within the Bank - Free of cost.


Other than that Rs.50/- per Transaction.


Note:


  1. Standing Instructions for remittance of Interest Income to other Banks are Free if it is remitted through ECS/NEFT/RTGS. If it is remitted through Demand Draft, then normal DD charges plus postage.

  2. Modification of Standing Instruction is not allowed and hence old standing instructions need to be cancelled and fresh standing instruction has to be created.


1.8

PHOTO ATTESTATION

Rs.100/- per attestation

1.9

ISSUE OF NO OBJECTION, NO DUE / BALANCE / INTEREST CHARGED / CHEQUE HONOURED / ACCOUNT MAINTAINING / DUPLICATE DEPOSIT RECEIPT ETC.)

Rs.100/- per certificate



Note:

  1. No Due Certificate / inter bank exchange of information for the purpose of loans under Govt. sponsored schemes, collection of service charges is waived.



  1. No Due Certificate issued to the parties for availing loans other than under Govt. sponsored schemes from other Banks is Rs.25/- (Including Service Tax)


1.10

RECORD COPY OF THE CHEQUE / DOCUMENT

Rs.100/- per instance

1.11

 

 

ENQUIRY RELATING TO OLD ENTRIES (ABOVE 1 YEAR)



Savings Bank

Rs.100/- per instance

All other Operating A/cs

Rs.150/- per instance

1.12

MAINTENANCE OF NON-OPERATIVE ACCOUNT (DORMANT ACCOUNT)


Savings Bank

NIL

Current Account

NIL

1.13

 

 

 

 

CHARGES FOR CLOSURE OF OPERATING ACCOUNTS

(Within a year)


SB without cheque book

Rs.100/-

SB with cheque book

Rs.200/-

Current Accounts

Rs.500/-

Note: No charges if a customer wants to close the account within 14 days from the date of first deposit to the account.

1.14

ADDITION / DELETION OF NAMES IN JOINT A/CS / NOMINATION / CHANGE IN OPERATIONAL INSTRUCTIONS

Rs.50/- per instruction

1.15

 

 

REGISTRATION OF MANDATE / POWER OF ATTORNEY FOR OPERATION OF A/C


Savings Bank

Rs.100/- per registration

All other Operating A/cs

Rs.150/- per registration

1.16

 

 

 

CASH DEPOSIT CHARGES AT BASE BRANCHES

  

For Deposit in a single day


Savings Bank

No charges, for the amount deposited for the credit of account/s at the base branch.



Current Account

Up to Rs. 3 lakh: Free

Above Rs.3 lakh to Rs.10 lakh:

Rs.100/- per lakh

Above Rs.10 lakh

Rs.200/- per lakh



Overdraft Accounts

Up to Rs. 6 lakh : Free

Above Rs.6 lakh to Rs.10 lakh:

Rs.100/- per lakh

Above Rs.10 lakh

Rs.200/- per lakh


1.17

CASH DEPOSIT CHARGES AT NON BASE BRANCHES


For Deposit in a single day


Savings Account

No charges, for the amount deposited for the credit of account/s at the non-base branch.


Current Account

Up to Rs. 3 lakh : Free

Above Rs.3 lakh to Rs.10 lakh:

Rs.100/- per lakh

Above Rs.10 lakh

Rs.200/- per lakh



Overdraft Accounts

Up to Rs. 6 lakh : Free

Above Rs.6 lakh to Rs.10 lakh:

Rs.100/- per lakh

Above Rs.10 lakh

Rs.200/- per lakh




Note:


Depending on Cash position at Branches, for cash deposit in smaller denomination of below Rs.100/-, branch may charge additional charges of Rs.1/- per thousand except for savings Bank account at both base and non-base branches, where no charges should be levied.

1.18

 

SIGNATURE ATTESTATION

 

Rs.100/- per Attestation

Note:


Branches are permitted to waive the attestation charges of Rs.100/- for students who will be receiving the Post-Matric and Merit cum Means scholarship grant from Minister of Minority Affairs.

2.0

REMITTANCES


2.1

 

COMMISSION FOR DEMAND DRAFTS

 


Rs.2/- per 1000/- with a Min. of Rs.20/- and Max. Rs.10000/-



2.2

CHARGES FOR CANCELLATION OF DEMAND DRAFT


Rs.50/- per instrument


Note:


Subject to maximum value of DD Cancelled


2.3

 

 

 

 

INTER BRANCH FUND TRANSFER

(TRANSFER OF FUNDS ONE BRANCH TO ANOTHER BRANCH BETWEEN TWO A/CS FROM BOTH BASE AND NON-BASE BRANCHES)

No Charges

2.4

 

 

 

 

ECS Services


For Registration Mandate

Free

Return Charges For ECS: -


Saving Bank Account

Rs.50/- Per Return

All other Operating A/cs

Rs.200/- Per Return

2.5

 

 

COMMISSION FOR – RTGS



Rs.2 lakh to 5.00 lakh

Rs.25/-

Above Rs.5 lakhs

Rs.50/-

2.6

 

 

 

COMMISSION FOR – NEFT



Upto Rs.10000/-

Rs.2.50/-

From Rs.10001/-Up to Rs.1 Lakh

Rs. 5/-

Above Rs.1 lakh up to 2 lakhs

Rs.15/-

Above 2 lakhs

Rs.25/-


Note:


Remittance of Term Deposits, CDs on its Maturity / Pre Mature and Loan Disbursement by use of any one of the remittance option as detailed in serial no. 2.1 to 2.6 - No Charges.


3.0

COLLECTIONS


3.1

COMMISSION FOR – BILLS COLLECTION – (IBC) Both Inward and Outward


Rs.4/- per Rs.1000/-


Min. Rs.25/-

Max. Rs.7500/-

3.2

 

 

IBC – RETURN CHARGES

Rs.2/- per 1000/-


Min. Rs.50/-

Max. Rs.3500/-

3.3

 

 

 

 

 

 

 

 

 

 

COMMISSION FOR OUTSTATION CHEQUE COLLECTION (OBC) 

 

(For Cheques drawn on other Banks)

 


 

 

 

 

Collection of Instruments drawn on other centers are chargeable as follows:


Up to and including Rs.5000/- Rs.25/-


Above Rs.5000/- and up to and including Rs.10000/- Rs.50/-


Above Rs.10000/- and up to and including Rs.100000/- Rs.100/-


Above Rs.100000/- Rs.2 per 1000/- or part thereof Min.Rs.200/- Max Rs.20000/-


Note:



3.4


COMMISSION FOR OUTSTATION CHEQUE COLLECTION FOR CHEQUE DRAWN ON OUR BANK BRANCH


No Charges

3.5


SPEED CLEARING



No Charges


3.6

 

 

 

 

 

 

 

 

 

CHEQUE RETURN CHARGES

(Both Local and Outstation Cheque)

 

 

 

 


 

  

 .


For Savings Bank, Current Account and Other Accounts Rs.100/- up to Cheque Amount Rs.1000000/-


If the Cheque Amount is more than Rs.1000000/- then Rs.1000/- per instrument.


Note:


In case of Local / Outstation Cheque is returned for technical reasons as detailed here below no Cheque Return Charges should be levied:


  1. Kindly Contact Drawer / Drawee Bank and Please Present again

  2. Drawers signature to operate account not received

  3. If the cheque is returned for the reason 'Stop Payment' no charges

  4. Withdrawal stopped owing to death of account holder / lunacy / insolvency

  5. Instrument post dated

  6. Instrument outdated / stale

  7. Instrument mutilated; requires bank's guarantee

  8. Clearing House stamp / date required

  9. Wrongly delivered / not drawn on us

  10. Present in proper zone

  11. Instrument contains extraneous matter

  12. Image not clear; present again with paper

  13. Present with document

  14. Item listed twice

  15. Paper not received

  16. Account transferred to another branch

  17. Cr Crossed to two banks

  18. Crossing stamp not cancelled

  19. Clearing stamp not cancelled

  20. Instrument specially crossed to another bank

  21. Payee's endorsement irregular / requires collecting bank's confirmation

  22. Endorsement by mark / thumb impression requires attestation by Magistrate with seal

  23. Advice not received

  24. Amount / Name differs on advice

  25. Drawee bank's fund with sponsor bank insufficient (applicable to sub-members)

  26. Payee's separate discharge to bank required

  27. Not payable till 1st proximo

  28. Pay Order requires counter signature

  29. Required information not legible / correct

  30. Bank's certificate ambiguous / incomplete / required

  31. Draft lost by issuing office; confirmation required from issuing office

  32. Bank / Branch blocked

  33. Digital Certificate validation failure

  34. Other reasons-connectivity failure

  35. 'Payee's a/c Credited'- Stamp required

  36. Bank excluded

  37. Altered cheque in case of CTS 2010 Standard Cheque

  38. Others Reasons / Local Holiday


4.0

SERVICE CHARGES FOR OPERATING LOCKER UNIT

No Charges

5.0

CHARGES FOR SAFE CUSTODY SERVICE (Charges per Year)


5.1


 

Sealed cover

Rs.200/- per cover

Sealed boxes

Rs.1000/- per Box

6.0

MISCELLANEOUS


6.1

 

 

CHARGES FOR COLLECTION OF FDR ON MATURITY

  

Free if the deposit with other Bank invested in our Term Deposit otherwise Rs.100/- per FDR

7.0

ATM DEBIT CARD


7.1

 

 

 

 

Card Issue

This is to bring to the kind notice of card holders that, Debit card will be issued ‘Free of Cost’ and for the First year there will not be any service charges and from second year onwards, annual charges of Rs.100/- plus applicable taxes will be collected upfront from the account.

The annual charges will also be applicable to the existing debit card holders and collected upfront for the calendar year and it is effective from 01-02-2016.

It may be further noted that these charges are not applicable for Privileged SB/CA scheme account holders (like SB Money -Sapphire, Ruby, Platinum, KBL-Vanitha & ILSB. CA schemes like Money-Pearl,Ruby, Diamond,Diamond Plus & Platinum).

Card Lost and Replaced

Rs.100/-


Note:


    1. Replacement Card fee for staff: NIL

    2. If the card is damaged and produced at the branch, the Branch Head / ABM shall verify the same and take a decision for waiving of charges.


Regeneration of ATM PIN

Rs.100/-

ATM Transaction Charges (w.e.f 01/11/2014)

Network

Transaction Charges (Rs.)*

Own ATM

Free

Other Banks ATMs for Cash Withdrawal/Balance enquiry

 For Savings Bank customers:

Transaction Free Limit:

1.ATMs located at six metro centres viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad -- Three


2.ATMs located at other places -- Five


3.SB Small, SB-Sugama[Basic Savings Bank Deposit] Account holders[irrespective ATM location]-- Five

 For Current Account/ODAD customers

No Free Limit

The transactions over & above the said free transactions limit in a calendar month, will be charged with Rs.20 plus applicable service tax per transaction.The maximum cash withdrawal limit is Rs.10,000/- per transaction and minimum is Rs.100/-.
*Subject to Change.

 

(With effect from 18.04.2012, Pin change & Mini Statement are enabled at Other Bank {NFS} ATMs)

7.2

 

 

International


Financial Transaction

Rs.100/- +tax per Financial transaction

Non Financial Transaction

Rs.25/- +tax per Non Financial transaction

8.0

TECHNOLOGY PRODUCTS SERVICE CHARGES


8.1


Internet Banking

Free

SMS Alerts

Rs.1/- per Alert


Note:


1. SMS Alerts for ALL transactions done through Debit Card are free


2. Alerts for transactions above Rs.1000/- for Savings Account customer are Free


3. Alerts for transactions above Rs.25000/- for current Account are Free


Internet Banking Password Reset (Physical)



Internet Banking Password Reset (On Line)


Rs.100/- per reset of Internet Banking Password (with effect from 01/09/2010)


Rs. 50/- per reset of Internet Banking Password

9.0

DEMAT SERVICE CHARGES



A/C’S Of Individuals

A/c’s of Corporates

Annual Charges

Rs.250/-

Rs.800/-

Dematerialisation

Rs.2/- per certificate min. of Rs.10/- plus postage charges.

Rs.2/- per certificate min. of Rs.10/- plus postage charges.

Rematerialisation

Rs.25/- per certificate plus postage

Rs.25/- per certificate plus postage

Pledge / Umpledge / Invacation

Rs.50/- per ISIN

Rs.50/- per ISIN

Transaction: Per Debit Transaction

Rs.20/-

Rs.20/-

Delivery Instruction Book

Rs.1/- per leaf

Rs.1/- per leaf

Cheque Return Charges (for non customer)

Rs.25/- per cheque / per incidence of return

Rs.25/- per cheque / per incidence of return

Statement Charges

One monthly statement free. Additional statement @ Rs.5/- per page

One monthly statement free. Additional statement @ Rs.5/- per page



Note:

1. All the above charges are exclusive of Postage, other charges, Service Tax or surcharge, if any, stipulated by Government Bodies / Statutory Authorities from time to time.

2. Annual maintenance charges are levied upfront for a period of one year at the beginning of the financial year. On closure, AMC is refundable on pro-rata basis (quarterly)

3. The Billing/ Recovery interval of the charges is at the sole discretion of Karnataka Bank Ltd.

4. Any other charges specified by CDSL/or by the Bank from time to time




REVISED CHARGES FOR MULTI BRANCH BANKING FACILITY –SAVINGS ACCOUNTS(Amount in Rs.)  Click here

REVISED CHARGES FOR MULTI BRANCH BANKING FACILITY –CURRENT ACCOUNTS(Amount in Rs.)  Click here




REVISED CHARGES (Excluding applicable Service Tax) (Amount in Rs.)


Sl.

No.

Particulars

charges


I.(a)

Issue of Solvency Certificate including financial certificates

(i).

Up to Rs.1.00 lakh

Rs.300.00

(ii).

Above Rs.1.00 lakh

Rs.200.00 per lakh

Minimum:

Rs.300.00

Maximum:

Rs.200000.00

I.(b)

Certificate issued to Students including financial certificates issued to student pursuing studies abroad

(i).

Up to Rs.1.00 lakh

Rs.100.00

(ii).

Above Rs.1.00 lakh

Rs.100.00 per lakh

Minimum:

Rs.200.00

Maximum:

Rs.1000.00

I.(c)

Issue of Line of Credit/Letter of Comfort/Capacity Certificate etc. (for Contractors)

(i).

Up to Rs.1.00 crore

Rs.2000.00

(ii).

Above Rs.1.00 crore

Rs.5000.00


II.

Furnishing Confidential Opinion:

a.

For Individual account holders

Rs.100.00

b.

For Proprietorship Concern/ Partnership firms /Any others

Rs.500.00

c.

For LLP/limited companies

Rs.1000.00


III.

Processing Charges other than Forex limits & Schematic Loans:

A

Fund Based / Non Fund Based limits


(i).

Upto Rs.25000.00 (Priority Sector Advances)

NIL

(ii)

Upto Rs.25000.00 (Non-Priority Sector Advances)

0.50% with a minimum of Rs.100.00

(iii)

Above Rs.25000.00 (Both for Priority & Non-Priority Sector Advances)

0.50% with a minimum of Rs.250.00

and Maximum of Rs.15,00,000.00


Guidelines:

  1. No processing charges for advances against our own deposits including ODAD, Gold Loan and Government sponsored scheme.

  2. The charges are to be levied on sanctioned amount.

  3. In case of working capital limits, above prescribed processing charges are to be collected per sanction/renewal. For any sanctioned adhoc/additional/onetime limit processing charges shall be collected at 50% of applicable charges (including min. and maximum charges) irrespective of the period.

  4. For extension of working capital/adhoc/additional limits: processing charges at 0.10% on each occasion is to be collected.

  5. In respect of accounts under consortium, where we are not lead bankers, service charges, processing charges and other charges, if any, shall be levied as per the rates prescribed by H.O. or as per the rates charged by Lead Bank, whichever is higher.

  6. For KCC Accounts processing charges mentioned above is for 1st year. Processing charges for 2nd to 5th year shall be 50% of the applicable 1st year charges, to be collected at the time of renewal.


IV.

Inspection Charges (Non Priority sector advances)


a)

Monthly inspection of goods under hypothecation/pledge



Loan limit up to Rs.50000.00

Rs.25.00


Loan limit above Rs.50000.00 – up to Rs.2 lakh

Rs.100.00


Loan limit above Rs.2 lakh to Rs.10 lakh

Rs.200.00


Loan limit above Rs.10 lakh to Rs.1 crore

Rs.300.00


Loan limit above Rs.1 crore

Rs.1250.00





Note: The above are charges per month to be collected on quarterly basis.



b)

Quarterly inspection charges for Project Loans (excluding agricultural projects)


Loan limit up to Rs.1.00 crore

Rs.1000.00 per occasion


Loan limit above Rs.1.00 crore

Rs.2000.00 per occasion





Note: The above charges to be collected on quarterly basis.




c)

Half yearly inspection of vehicles/boats, machineries etc.


Loan limit up to Rs.25000.00

Rs.50.00 per occasion


Loan limit above Rs.25000.00 – up to Rs.1 lakh

Rs.200.00 per occasion


Loan limit above Rs.1 lakh

Rs.400.00 per occasion



d)

Pledge/delivery of goods


Loan limit up to Rs.25000.00

Rs.100.00 for every occasion


Loan limit above Rs.25000.00

Rs.200.00 for every occasion


V.

Inspection Charges (Priority sector advances)


Loan limit up to & inclusive of Rs.25000.00

NIL


Loan limit above Rs.25000.00

Rs.25.00 per inspection per borrower with a maximum of Rs.250.00 per annum


The above charges are to be levied strictly and credited to Income- IC on loans & advances along with applicable service tax on such charges.


Actual expenses incurred by the bank officials for conducting outstation inspection (if not arranged by the borrower) may be recovered from the borrower separately.


VI. Delayed submission of stock statements:


Charges from 16th day (in respect of Borrowers having working capital limits under multiple banking and consortium arrangements) / 8th day (in respect of all other Borrowers having working capital limits):-1% per annum.


VII.

Issue of registered notices:

Rs.100.00



VIII.

Rent and insurance on jewel loans to be debited annually by 31st December every year

i) Upto and inclusive of Rs.25000/= (market value): Nil.

ii) Above Rs.25000/= : Rs.2.00 per thousand or part thereof per annum on the market value with a minimum of Rs.50.00 and maximum of Rs.1000.00.


Note:

(i) At the time of debiting rent and insurance annually:

At the time of annual debit of rent and insurance on 31st December every year, rent and insurance on gold loans shall be debited on pro rata quarterly basis starting from the date of availing the loan with a minimum of one quarter in the year of availment of gold loan.



(ii) At the time of closure of gold loan:

At the time of closure of the loan, rent and insurance shall be charged on pro rata quarterly basis up to the date of closure with a minimum of one quarter.


(iii) For gold loans availed by staff members under staff gold loan schemes rent and insurance charges need not be debited. However, for gold loans availed by staff member outside staff loan scheme, rent and insurance shall be debited at rates mentioned above.



IX. BILLS PURCHASED/DISCOUNTED INCLUDING PURCHASE OF CHEQUES ETC.



Instruments

Rate per Rs.1000/- or part

Mini-mum

Handling

charges

Collecting bank’s charges

Overdue interest

Returning charges

a) Outstation Cheques & document bills

Rs.6/-

Rs.50/-

Rs.50/- per bill plus actual postal registration charges

Up to Rs.5000/- no handling charges.

Actual

Sanctioned rate of interest plus 3% penal interest from 11th day

Rs.100/- per instrument plus

Registration charges

b) Local cheques

Rs.3/-

Rs.25/-

- N.A.

- N.A-

- N.A. -

- N.A.-

c) Clean demand bills

Rs.7.50

Rs.50/-

Rs.50/- per bill + registration charges

Actual

Sanctioned rate of interest plus 3% penal interest from 11th day

Rs.100 per bill +

Registration charges

d) Usance bills

Handling charges at the rate of Rs.100 per bill, interest as stipulated.

e) Advance against supply bills


-do-


f) Teachers’ salary bill.

At par


Guidelines:

  1. Discount/Interest charges should be collected at front-end, i.e., at the time of discounting the bills or on granting advance against supply bills.


  1. Rate of interest on discount of Usance Bills are subject to change from time to time.


  1. Sanctioned rate of interest means the rate of interest at which working capital limits are sanctioned. Where there is no specific working capital limits sanctioned, sanctioned rate means bank’s maximum lending rate.



X. INLAND BANK GUARANTEES / DPGs AND INLAND LETTER OF CREDITS


Guarantees:

S e r v i c e s

charges


Performance Guarantee/Inland LCs

Rs.200.00 + 2.5% p.a. or part thereof

Other than performance Guarantee/DPGs

Rs.200.00 + 3% p.a. or part thereof

Inland LCs, Bank Guarantees, DPGs, fully secured by deposits

Rs.500.00 + 20% of the normal charge with a min. of Rs.250.00 and max. of Rs.1.00 lakh.


Guidelines:

  1. In the first instance commission should be collected for the entire period of Bank Guarantee inclusive of claim period.

  2. Fraction of a month should be treated as full month for calculation of guarantee commission.

  3. Commission should be collected for a minimum period of 3 months where the specified period of liability is less than 3 months.

  4. Where the guarantee period is extended, commission should be collected for the extended period from the due date / expiry of claim period (whichever is later) at the above rates with a minimum of Rs.200.00

  5. Commission prescribed is for individual transactions. However for the total sanctioned limit, processing charges should be collected as usual.

  6. Commission should be collected for the entire period inclusive of claim period. If the guarantee outstanding is beyond the validity period for which guarantee is issued, due to the preventive action initiated by the borrower for making payment to the beneficiary such as stay order from court, arbitration proceedings etc. in such cases additional commission should be collected on a quarterly basis. In case of Inland LCs, commission should be collected for the validity period of LC (i.e. from date of issue to expiry date for negotiation) at the time of issue of LC. In case of DA LC, additional commission for the period upto due date of the bill (from expiry date of LC for negotiation) is to be collected at the time of lodging the bill under LC.

  7. In the case of DPGs commission should be charged on reducing liability on an annual basis at the beginning of the financial year.

  8. In the case of revolving LCs additional charges of Rs.200.00 only are to be collected for every reinstatement. (Commission for the entire period of commitment / LC expiry date should be collected at the time of establishing the LC)

  9. In case of amendment to an LC, a sum of Rs.200.00 to be levied. For extended period, if any, in the amendment, corresponding charge should be levied additionally at rate prescribed in XII above.

  10. In the case of Bills under our Bank’s LC, the LC negotiating branch shall levy the charges for the bills received under LC at Rs.200.00 per bill plus postal charges/communication charges.

  11. Processing charges is not applicable to BG/LC secured by 100% cash margin/deposits.



XI. FORE-CLOSURE CHARGES:


For Loans offered under Floating rate of interest: Nil.

For Loans offered under Fixed rate of interest: 1% of the outstanding balance in case of loans and aggregate limit in case of working capital facilities.


XII. COMMITMENT CHARGES FOR NON-UTILISATION OF WORKING CAPITAL LIMITS


  1. 0.50% p.a on unutilized portion of funded working capital limits of above Rs.1.00 crore if the average quarterly utilisation is less than 75% of the sanctioned limit to be charged quarterly.



  1. Excluded category:

  1. Working capital limits sanctioned to sick/weak units.

  2. Export credit (both pre-shipment and post-shipment) as well as against export incentives, viz., Duty drawback, cash compensatory support etc.

  3. Inland bills limits extended by way of bills purchased/discounted.

  4. Credit limits granted to commercial banks, financial institutions and co-operative banks including land development banks.

  5. Limits utilized by way of non-fund based limits by earmarking fund based limits.

  1. Consortium accounts: In the case of consortium accounts the charges are to be fixed as decided by the consortium.



  1. Multiple banking arrangements: In the case of multiple banking arrangements charges shall be levied purely on the basis of credit limits sanctioned by our bank vis-à-vis availment from our Bank.


XIII. AGRICULTURAL ADVANCES:


1. ESTATE/LAND VALUATION CHARGES:



(i) For valuation of agricultural properties:



Value of land/ estate

Valuation charges

Up to Rs.25000

Nil

Above Rs.25000 and up to Rs.5.00 lakh

Rs.300.00

Above Rs.5.00 lakhs and up to Rs.10.00 lakh

Rs.600.00

Above Rs.10.00 lakhs

Rs.60 per lakh with a minimum of Rs.600.00 and maximum of Rs.10000.00



(ii) For valuation of properties other than agricultural properties:


Sl.

No.

Value of property

Fee payable excluding service tax

Minimum

maximum

1.

Up to Rs.5.00 lakh

0.15% of the value

Rs.250/-

Rs.750/-

2

Above Rs.5.00 lakhs and up to Rs.10.00 lakhs

0.125% of the value

Rs.750/-

Rs.1250/-

3

Above Rs.10.00 lakhs and up to Rs.50.00 lakhs

0.10% of the value

Rs.1250/-

Rs.5000/-

4

Above Rs.50.00 lakhs and up to Rs.100.00 lakhs

Rs.5000+0.05% for every Rs.10.00 lakhs or part thereof for beyond Rs.50.00 lakhs

Rs.5000/-

Rs.7500/-

5

Above Rs.100.00 lakhs

Rs.7500+0.025% for every Rs.10.00 lakhs or part thereof for beyond Rs.100.00 lakhs

Rs.7500/-

Rs.10000/-



Guidelines:

  1. The valuation charges payable should be borne by the borrower.

  2. When two or more properties are required to be valued at the instance of the borrower, all such properties should be deemed to constitute a single property for the purpose of calculation of value for fixing the fees.

  3. No local conveyance is reimbursable. In case of outstation properties reasonable conveyance and out of pocket expenses are reimbursable.

  4. The same principle shall be applied for making payment of fees to the valuers while valuing securities like machineries, vehicles etc.

  5. As the valuation of agricultural properties are done by AFO/ Branch Heads, charges collected thereon shall be credited to income account of the Branch.


2. ESTATE/FIELD VISIT CHARGE PER ANNUM:

a) Plantations


Upto Rs.25,000.00 limit

Nil

Above Rs.25,000.00 limit

Rs.10.00 per acre,

Min. Rs.200.00,

Max. Rs.2,000.00 per year

b) Other Lands/Crops/activities:


Upto Rs.25,000.00 limit

NIL

Above 25,000.00 upto 3.00 lakh limit

Rs.100.00 per visit

Above Rs.3.00 lakh upto 10.00 lakh limit

Rs.200.00 per visit

Above Rs.10.00 lakh limit

Rs.500.00 per visit


Note:


1. Plantations shall be visited at least twice in a year.


XIV. ALLOWING DRAWINGS AGAINST CLEARING CHEQUES:


As provided in the sanction / 3% over and above the sanctioned rate/ maximum lending rate inclusive of penal rate for actual days of use of bank funds as the case may be is applicable.


XV. REVISED CHARGES FOR MULTI BRANCH BANKING FACILITY UNDER OD/ODAD A/Cs

(Amount in `)


I. Service charges to be collected:




SCHEMES

OD/ODAD -MoneyPearl

OD/ODAD- MoneyRuby

OD/ODAD -MoneyDiamond

OD/ODAD -MoneyPlatinum

Charges to be paid by the account holder

` 1,000

Quarterly

` 2,000

quarterly

` 6,000

quarterly


` 30,000

Quarterly


II. Cash withdrawal facilities & charges.

At Base Branch (Subject to rules & regulations in force from time to time)

No charges

No charges

No charges

No charges

At Non Base Branch (Subject to rules & regulations in force from time to time)


[For slef cheques (Account holder only) - Maximum withdrawal allowed is ` 10 lakh per day


Maximum cash withdrawal allowed through 3rd party cheques is ` 50,000/- per day]

No charges

No charges

No charges

No charges

The above cash withdrawals at non base branches are only with prior intimation and its approval by the paying branch.

III. Payment of Multicity Cheques and charges thereon.


For all centers


No charges

No charges

No charges

No charges

IV. Fund transfer from one account to any other account of the same/other customer within KBL (Such debits are to be supported by cheque):


For all centers


No charges

No charges

No charges

No charges

V. Fund transfer from one account to any other account across Banks (Such debits are to be supported by cheque): Number of transactions under the free limit should not be more than the number mentioned there on for each scheme. Above that, from the next transaction onwards, charges as indicated are applicable, even if the aggregate value is within free limit.

For Payment through RTGS/NEFT systems (Such debits are to be supported by cheque and to be accompanied by RTGS/NEFT form signed by account holder)

Free up to ` 25 lacs per month.


Thereafter, normal charges are applicable (maximum number of transactions per month under the free limit is 50)

Free up to ` 50 lacs per month.


Thereafter, normal charges are applicable (maximum number of transactions per month under the free limit is 100)

Free up to ` 250 lacs per month.


Thereafter, normal charges are applicable (maximum number of transactions per month under the free limit is 150)

Free.


Demand Draft From Any Branch (By debit to the account).

Demand Draft

(Such debits are to be supported by cheque and to be accompanied by DD application form signed by account holder)

Free up to ` 5 lacs per day. Thereafter, normal charges are applicable

Free up to ` 10 lacs per day. Thereafter, normal charges are applicable

Free up to ` 25 lacs per day. Thereafter, normal charges are applicable


Free


Maximum number of DD per month under the free limit is restricted to 50



VI. Collections

Cash Deposit at Base branch. (For Deposit in single day) (Subject to rules & regulations in force from time to time)



upto ` 7.50 lakhs – FREE.


Above ` 7.50 lakh to ` 10 lakh – ` 100/- per lakh

Above ` 10 lakh ` 200/- per lakh.

upto ` 10 lakhs – FREE.


Above ` 10 lakhs ` 200/- per lakh.

upto ` 25 lakhs – FREE.


Above ` 25 lakhs ` 200/- per lakh.

Free

Cash Deposit at Base / Non Base branch. (For Deposit in single day) (Subject to rules & regulations in force from time to time)


By Self (Account Holder) only.

upto ` 7.50 lakhs – FREE.


Above ` 7.50 lakh to ` 10 lakh – ` 100/- per lakh

Above ` 10 lakh ` 200/- per lakh.

upto ` 10 lakhs – FREE.


Above ` 10 lakhs ` 200/- per lakh.

upto ` 25 lakhs – FREE.


Above ` 25 lakhs ` 200/- per lakh.

Free

Depending on Cash position at Branches (both base and non base branches), for cash deposit in smaller denomination of below ` 100/-, branch may charge additional charges of ` 1/- per thousand.

Cheque Collection & Charges thereon

At base location – within the clearing zone.

Free.

Free.

Free.

Free.

At non-base location Number of instruments under the free limit should not be more than 100per month. Above that, from the next transaction onwards, charges as indicated are applicable, even if the aggregate value is within free limit

COMMISSION FOR OUTSTATION CHEQUE COLLECTION (OBC) 

 

(For Cheques drawn on other Banks)


 

 

Free up to ` 10 lacs per month. Thereafter, normal charges are applicable

Free up to ` 30 lacs per month. Thereafter, normal charges are applicable

Free up to ` 100 lacs per month. Thereafter, normal charges are applicable

Free

commission for outstation cheque collection for cheque drawn on our bank branch

No Charges

No Charges

No Charges

No Charges

Speed clearing

No Charges

No Charges

No Charges

No Charges

Other Bank charges if any & other charges, service tax etc. if any shall be levied extra.  

VII. Cheque Return Charges (in respect of Cheques Drawn by the account holders)

Both Local and out station cheques' returned

If the cheque Amount upto ` 10,00,000/- then ` 100/- per instrument



If the Cheque Amount is more than ` 10,00,000/- then ` 1,000/- per instrument.

Note: In case of Local / Outstation Cheque is returned for technical reasons as detailed here below no Cheque Return Charges should be levied:

  1. Withdrawal stopped owing to death of account holder.

  2. Instrument post dated.

  3. Instrument outdated / stale.

  4. Instrument mutilated requires Banks Guarantee.

  5. Clearing House Stamp / Date required.

  6. Wrongly delivered / not drawn on us.

  7. Image not clear, present again with paper.

  8. Present with document.

  9. Item listed twice.

  10. Paper not received.

  11. Crossed to two Banks.

  12. Crossing stamp not cancelled.

  13. Clearing stamp not cancelled.

  14. Instrument specially crossed to another Bank.

  15. Required information not legible / complete / required.

  16. Altered cheque in case of CTS 2010 Standard Cheque.

  17. If the cheque is returned for the reason ‘Stop Payment’ no charges.

VIII. Cheque Book Charges

Cheque Book charges

300 cheque leaves free per calendar year thereafter, ` 4/- per cheque leaf

600 cheque leaves free per calendar year thereafter, ` 4/- per cheque leaf

1000 cheque leaves free per calendar year thereafter, ` 4/- per cheque leaf

Free

Stop payment charges

` 200/- per instrument

Maximum of ` 2000/- per instruction

MoneyPlant Visa International Debit Card to eligible account holders (for eligible accounts)


With per day cash withdrawal limit of ` 40000/- and POS limit of ` 1,00,000/-.

Gold card with per day cash withdrawal limit of ` 40000/- and POS limit of ` 1,00,000/-.

Gold card with per day cash withdrawal limit of ` 40000/- and POS limit of ` 1,00,000/-.

Gold card with per day cash withdrawal limit of ` 40000/- and POS limit of ` 1,00,000/-.

Internet Banking – MoneyClick for eligible accounts.

Registration Free. Fund transfer within the Bank (subject to ceiling), Utility bill payment etc will not attract any charge from bank side.

SMS Alerts, if subscribed.


SMS Alert on all type of transactions (customer induced) of ` 25,000/- and above – Free.

Below the limit ` 1/- per SMS.


X. Statement of Account:

If Daily only

` 15/- per page irrespective of number of entries

If Weekly only

` 10/- per page irrespective of number of entries

If Monthly only

Free

Free monthly e-statements are also available on request and the same shall be sent to those who are authorized to operate the account.

NB: 1. Base Branch/ Location refers to the Branch where the customer maintains his MBB Account.

2. All charges are exclusive of Service Tax, Surcharge etc wherever applicable.

3. All charges and limits are subject to change.

4. Proceeds of cheque/s deposited for collection will be available for utilization only after realization.

5. Charges for any services not covered herein shall be at the prevailing rates prescribed from time to time

6. A customer is eligible to have MBB account in the Bank under any one particular tier only.

7. ‘Month’ means a calendar month and ‘Year’ means a financial year (April to March), unless specified otherwise.

8. Branches shall monitor all MBB accounts properly.



XVI. Schedule of charges for foreign exchange transactions:


Note: The charges stipulated herein are excluding the following, wherever applicable:

  1. Swift charges, Nostro charges, Postage/Courier and other out of pocket expenses.

  2. Service tax.

  3. Correspondent bank / other bank’s charges, if any.



1

EXPORT (including deemed export transactions):


A

COMMISSION ON EXPORT BILLS FINANCED (PURCHASED/DISCOUNTED/NEGOTIATED/ RUPEE ADVANCE GRANTED)


i.

Bill drawn under LC (Foreign Currency and Rupee bill)

0.10% Min Rs.500 Max Rs.2000

ii.

Non LC/Direct Bill (Foreign Currency and Rupee bill)

0.25% Min Rs.250 Max Rs.2000


iii.


When portion of the bill amount is financed and remaining portion is handled on collection basis


(a) On the amount financed

As per 1A.i OR ii

as the case may be

(b) On the amount under collection (including amount credited/to be credited to EEFC account)

As per 1B.i OR iii

as the case may be


Total commission under iii (a) and (b) together is subject to maximum of Rs.5000

iv.

When export bill is sent for negotiation to another bank in India

As per 1.A.i (in addition to other bank’s charges)


v.

Where reimbursement under a letter of credit is claimed by another bank in India from our bank where Vostro account is being maintained with us.

As per 1.A.ii


vi.

In respect of discrepant documents negotiated under restricted letters of credit, for joining in customers’ guarantees / indemnities and for giving guarantees/ indemnities on behalf of customers to other banks in India



As per 1.A.ii


vii.

XOS charges for export bills financed which are overdue as at the end of each quarter (i.e where the proceeds are not received in Nostro account on or before the due date/extended due date (extended by the Bank/RBI),

[To be collected in the first week of next quarter]

Rs.250 per bill per quarter


viii.

For Crystallization of Foreign Currency export bill

Rs.500 per bill


ix.

For extension of due date of export bill

Rs.500 per extension per bill


x.

For return/dishonour of export bill

Rs.500 per bill


Note:

In case of export bills drawn on countries with externalization problems but paid in local currency and the exporter has obtained necessary approval from Reserve Bank of India for extension, Xos charges as above shall not be levied.








B

EXPORT BILLS SENT ON COLLECTION/UNDER CONSIGNMENT ARRANGEMENTS


i.

For Foreign Currency and Rupee bill

0.0625% Min Rs.250 Max Rs.5000


ii.

For Foreign Currency and Rupee bill where advance payment towards exports is received.

0.0625% Min Rs.250 Max Rs.5000


iii.

If the documents are sent by the exporter directly to the overseas buyer (wherever permitted) [to be collected while disposing of the relative GR forms]


0.0625% Min Rs.250 Max Rs.5000


iv.

XOS charges for export bills sent on collection which are overdue as at the end of each quarter (i.e where the proceeds are not received in India on or before the due date/extended due date (extended by the Bank/RBI)

[To be collected in the first week of next quarter]

Rs.250 per bill per quarter


v.

For Extension of due date of export bill

Rs.500 per extension per bill


vi.

For Write off of export bill

Rs.500 per bill


vii.

For return/dishonour of export bill

Rs.500 per bill


viii.

Delayed submission of Export bills













Rs.100 if the bills are

submitted beyond 45 days from the date of shipment


Where advance payment has already been received (advance payment should have been received before the date of shipment) charges need not be collected upto one year from the date of shipment. Beyond one year from the date of shipment – Rs.100



Note:

(a) In case of export bills drawn on countries with externalization problems but paid in local currency and the exporter has obtained necessary approval from Reserve Bank of India for extension, Xos charges as above shall not be levied.




(b) Where bank charges are to be recovered from the drawee, but are refused by them, such charges shall be recovered from the exporters.



C

EXPORT LETTERS OF CREDIT/STANDBY LETTERS OF CREDIT


i.

Advising commission

(to be collected when our bank is chosen as advising bank)

Rs.500 per LC

Rs.250 per instance of amendment


ii.

For passing on LC to the beneficiary which has been advised by another Bank

Rs.250 per LC / per instance of amendment


iii.

Adding confirmation to a letter of credit (with prior permission from sanctioning authority. This permission is available only with Head Office at present). The indicative charges for Bank with good standing are as below.



a.

Commitment charge (for the full validity of the credit)

0.15% for every quarter or part thereof with a minimum of Rs.250


b.

Usance charge (for the tenor of the bills)




Up to 3 months sight

0.25% Min Rs.250



Above 3 months sight:

For the first 3 months

For the remaining period


0.25%

0.15% per month

Min Rs.500


Note:

(i) For extension of LC exceeding 3 months from the date of the LC, additional commitment charge shall be collected.



(ii) For enhancement in the amount of LC, both commitment and usance charge on the enhanced portion shall be collected from the date of such enhancement.


iv.

Advise of transfer (whether full or in part)

Each transfer Rs.500

Each amendment Rs.250



2

IMPORT

A

COMMISSION ON IMPORT LC/STANDBY LCs

[To be collected on the total amount inclusive of interest amount and tolerance level]


i.

For establishment of LC



a.

Commitment charge

(for the full validity of the credit i.e., from the date of opening of the LC to the last date for negotiation)



0.15% for every quarter or part thereof

Minimum of Rs.250


b.

Usance charge

(according to the tenor of the bill)

For bills upto 3 months sight

Above 3 months:

For the first 3 months

For the remaining period




0.20% Min Rs.250


0.20%

0.075% per month

Min Rs.500


ii.

For establishment of LC backed by 100% cash margin

25% of 2.A.i

Min Rs.500


iii.

For amendment to LC


a.

Extending the validity of the LC beyond three months period

(On the outstanding liability under the LC)

Commitment charge as per 2.A.i.a

Min Rs.500


b.

Extending the usance period/tenor

Usance charge as per 2.A.i.b

Min Rs.500


c.

Enhancement in the value of LC

(On enhanced portion from the date of such enhancement)

Commitment and usance charge as

per 2.A.i.a & b

Min Rs.500


d.

Any other amendment

Rs.500


iv.

For revival or reinstatement of an expired LC

(At the option of the Bank within 3 months from the date of expiry of LC)

Commitment and usance charge as

per 2.A.i.a & b (for the period from the date of expiry upto the validity period of the revived LC)


B


COMMISSION ON IMPORT BILLS UNDER LC


i.

For retirement of Import Bill (Foreign Currency)

0.15% Min Rs.500 Max Rs.1000


ii.

For retirement of Import Bill (Rupee)

0.25% Min Rs.1000


iii.

For crystallization of Import Bill (Foreign Currency)

0.15% Min Rs.1000 Max Rs.5000


iv.

Discrepancy charges per Bill

USD 50 or equivalent


Note:

If the crystallization of the Rupee liability of an import bill under the Forward Exchange Contract results in early / late delivery, swap charges and interest from the date of debit to nostro account till the date of crystallization shall be collected (in consultation with ID)


C


COMMISSION ON NON LC IMPORT BILLS


i.

For retirement of Import Bill (Foreign Currency/ Rupee)

0.25% Min Rs.250 Max Rs.1000


ii.

For retirement of direct bill (i.e. received by importers from the overseas exporters/banks) (Foreign Currency/ Rupee)

0.25% Min Rs.250 Max Rs.1000


iii.

For each advance remittance against imports

0.25% Min Rs.250 Max Rs.1000


iv.

For crystallization of Import Bill under buyers credit

0.25% Min Rs.500 Max Rs.5000


v.

For dishonor/return of bill

USD 25.00 or its equivalent to be collected from overseas suppliers / Bank.


3


CLEAN INSTRUMENTS

A


INWARD REMITTANCES


i.

Encashment/Purchase of TT/MT/DDs drawn on our bank



a.

Where cover has been received in Nostro Account

Current TT buying rate


b.

Where cover has not been received in Nostro Account

Bills buying rate. Interest shall be recovered separately at applicable rate for a transit period of 15 days.


ii.

Encashment/Purchase of personal cheques, demand drafts, International money orders, bankers’ pay orders payable abroad

Cheque purchase rate. Interest shall be recovered separately at applicable rate for a transit period of 15 days.


Note:

It shall be optional for the encashing bank in India to pay on application or await receipt of cover in respect of Demand Drafts/Mail Transfers/Telegraphic Transfers and pay thereafter. Instruments will be purchased at the Authorised Dealer’s discretion and on specific request from the customer.


iii.

For each clean payment effected in Rupees under instructions from a foreign correspondent where cover is received.

(including advance payment towards exports)

Rs.100


iv.

For effecting the inward remittances in Foreign Currency by issuing DD/SWIFT

USD 25 or equivalent (to be collected from the beneficiary/beneficiary's banks as the case may be)


v.

For instruments sent for collection abroad

0.20% Min Rs.100 (Charges need not be collected if the proceeds of the instruments are invested in term deposits for 1 year and above. However, if the term deposit is prematurely closed within one year, then applicable charges to be collected at the time of closure of the term deposit)


vi.

For Foreign Currency instruments sent for collection within India

OBC charges as applicable for inland transactions


Note:

In case of (v) and (vi) above, if the proceeds are on account of export bill submitted and received in our nostro in foreign currency only courier charges to be collected.


B


OUTWARD REMITTANCES


i.

For outward remittances

0.10% Min Rs.250 Max Rs.1500


ii.

For Foreign Currency DD

Rs.100.00


iii.

For issue of duplicate Foreign Currency DD

a. If original DD is surrendered

b. If original DD is not surrendered



Rs.200.00

Rs.1500.00


iv.

For outward remittance from NRE/FCNR A/Cs

Charges need not be collected


v.

For outward remittance on account of Education Loan

Charges need not be collected



4

GUARANTEES


i.

For Guarantee in respect of clearance of goods pending production of BL/issue of delivery order



a.

Import under LC established by our bank

Rs.750


b.

Others

As applicable to Domestic Bank Guarantee


ii.

Export performance guarantees for project Exports which include:

a) Bid Bonds

b) Bonds for earnest money

c) Guarantees for advance payments

made by foreign buyers to Indian Exporters/ contractors



A. In the case of guarantees covered by EPG of ECGC, banks shall collect commission at 0.45% where cover under EPG of ECGC is 75% and 0.35% where cover under EPG of ECGC is 90%. In addition the ECGC premium at the applicable rates may be collected and remitted to the ECGC.

B. In case of guarantees issued against 100% counter guarantees of the Government of India, commission shall be charged at the rate of 0.30% per annum.

C. In case of guarantees issued against cash deposit to the extent of banks liabilities commission shall be charged at the rate of 0.10% pa. with a minimum of Rs.200/- and maximum of Rs.1,000/-­

D. In case of performance guarantees which are not covered by cash deposits or ECGC/Government of India counter guarantees commission shall be charged at the rate of 2.5% p.a.

E. Commission for issuing bid-bonds for suppliers to projects carried out abroad shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materializes the balance 75% of the commission shall be recovered.


However, if the bid gets frustrated there will not be refund of that part of the commission collected



iii.

Export performance guarantees, Bid­-bonds etc. [other than for Project Exports] and export performance guarantees covering export obligations in terms of import trade control regulations and export performance guarantees / bid bonds connected with deemed exports



0.085% per month for the specified period of liability. Where the guarantee period is less than three months, commission recoverable will be 0.25% of the guaranteed amount. In case of early redemption of the guarantee a minimum of 50% of the commission for the unexpired period (i.e from the date of redemption to the expiry date) shall be refunded.


Commission for issuing bid bonds for supplies connected with deemed exports / directs exports other than project exports shall be recovered to the extent of 25% thereof for the full validity of the bonds at the time of issue. If the bid materializes, the balance 75% of the commission shall be recovered. However, if the bid gets frustrated there will not be refund of the part of the commission collected.



iv.

Deferred payment guarantees covering imports of goods into India



0.50% per quarter or part thereof for the specified period of liability calculated on the amount of liability under such guarantees at the beginning of every quarter.


v.

All other guarantees / Buyers Credit/ Suppliers Credit/ ECB



0.15% per month for the specified period of liability. Where the guarantee period is less than two months, commission recoverable shall be 0.25%. In case of early redemption 50% of the commission be refunded for the unexpired period (i.e. From the date of redemption to the expiry date of. the guarantee), provided unexpired period shall not be less than 3 months and refundable amount exceeds Rs.200/­-.The minimum charge for any guarantee shall be Rs.500/-unless a lower charge is otherwise specified


5

COMMISSION IN LIEU OF EXCHANGE


1. Additional commission @ 0.125% with maximum of Rs.5000 shall be collected from the exporter in case of following transactions:


i.

Where pre-shipment advance has been granted by our bank against a letter of credit / export order but the documents under the relative letter of credit/ export order are negotiated through another bank.


ii.

Where the proceeds of an export bill negotiated by our bank is paid in foreign currency to another bank.


iii.

Where an export bill is sent for collection abroad by our bank but the payment is received in Rupees through another bank in India.


2. Additional commission as above shall not be collected in the following cases:


i.

All debits and credit to EEFC account.


ii.

Deemed export bills in foreign currency as defined by the Reserve Bank of India/ Exim policy from time to time.


6


FORWARD EXCHANGE CONTRACTS


i.

For booking of forward contract

Rs.500


Note:

No charge in respect of exchange contracts booked on behalf of NRI customers against the deposits held to cover the deposits.


7


PROCESSING CHARGES




Export Credit / Import Credit – (Funded and Non-Funded)

0.25% on the total export/ import credit limits sanctioned with a maximum of Rs. 5,00,000 per sanction/renewal


Note:

In case both forex and domestic credit limits are sanctioned then processing charges should be calculated separately at the rates prescribed for forex and domestic credit limits. However, the maximum processing charges to be collected shall not exceed Rs. 15.00 lakhs for both Forex and domestic credit limits per renewal.


For Gold Card holders where limits are sanctioned for 3 years, the maximum processing charges per renewal shall not exceed Rs.10.00 lakhs.


Guidelines mentioned under domestic processing charges are also applicable to forex limits.


8

CERTIFICATES



Charges for issue of FIRC, E-BRC, attestation in respect of export transactions and any other certificates.

Rs. 100/- per certificate/ attestation.


9

MISCELLANEOUS INSTRUCTIONS


i.

Courier/Postage charges are to be collected at the time of lodging the export bill irrespective of whether the bill is financed or handled on collection basis.


ii.

In case of merchant trade transactions, commission for import leg as well as export leg shall be collected separately at applicable rates.


Note: As per the existing guidelines, 50% of the normal charges are collected in case of Gold Card holders. Please note that 50% concession is applicable for the stipulated percentage of commission and maximum charges only and not for minimum charges stipulated.