Applicable Charges

Bank Charges ( w.e.f. Dt .31/03/2014)  
Sr. HEAD OF CSC ACC. TYPE AMOUNT MDP OF RELAXATIONS
01 Minimum Balance Charge (MBC) CD Rs. 75/- Max 05 instances in a calendar year (for good customers on written request).
    ECS Rs. 100/- No relaxation
    (in all cases, per incidence) Note: - (SB – Min. Balance: Rs. 1,000/-, CD – Min. Balance: Rs. 3000/-)
02 Outward Clearings Return Charge (OCRC) SB Rs. 165/- No relaxation, except in all such cases where returning ground is not
  1. Insufficient Funds; OR
  2. Signature Differs; OR
  3. Payment Countermanded; OR
  4. Refer to Drawer.
CD Rs. 165/-
OD Rs. 165/-
(in all cases, per cheque)
03 Inward Clearings Return (ICRC) SB Rs. 75/- No relaxation, except in all such cases where returning ground is not
  1. Insufficient Funds; OR
  2. Signature Differs; OR
  3. Payment Countermanded; OR
  4. Refer to Drawer.
    CD Rs. 150/-
    ECS Rs. 150/-
    (in all cases, per cheque)
04 Payment Stopped Charge (PSC) SB Rs. 165/ No relaxation, except for an entire cheque-book of 15 leaves or more – flat Rs. 1,000/-.
    CD Rs. 165/
    ECS Rs. 165/
    (in all cases, per cheque)
05 OBC / IBC Commission (OIBC) Upto Rs. 10,000/- Rs. 50/- No relaxation, plus out of pocket expenses and the Paying Banker's Commission.
    Rs. 10,001/- to Rs. 1,00,000/- Rs. 100/-
    >Rs. 1,00,000/- or part thereof Rs. 150/-
06 Local Bills / Clean cheques Purchased Commission (LBPC) For every Rs. 100 or part thereof @10 p% No relaxation. If the facility extends for more than a day, @15 p. per Rs. 100 (or part thereof) per day till realization. Please treat this income as interest on advances.
07 Cheques Returned on Counter Charge (CRCC) SB Rs. 350/- No relaxation, except in all such cases where returning ground is not
  1. Insufficient Funds; OR
  2. Signature Differs; OR
  3. Payment Countermanded; OR
  4. Refer to Drawer.
    CD Rs. 350/-
    (in all cases, per cheque)
08 Duplicate Pass-Book Issued Charge (DPIC) 1st Time Rs. 25/- No relaxation; however, can be waived for good accounts on written requests for first time only.  
    Next each time Increase by Rs. 25/- each time
09 Duplicate Statements Issued Charge (DSIC) (Both for CD/OD & SB Accounts) 1st Time Rs. 10/- per page (or part thereof) (Min. Rs. 25/-) No relaxation; however, can be waived for good accounts on written requests for first time only.  
    Next each time Increase by Rs. 10/- each time per page or part thereof
10 PO/DD/BC Issued Charge (POIC) For every Rs. 100/- or part thereof @15 p. + ST No relaxation; however, can be waived for confirmed staff for all purposes other than business or speculation.  
11 RTGS (Outward) Charge (ORTGSC) If Direct Rs. 56/- per transaction (ours)   No relaxation; however, 50% of all our charges, if the account is satisfactorily maintained and KYC compliant, if half-yearly average credit balance is Rs. 2,00,000/- or more (no clubbing), on written request, reviewable and payable in January & July each year only.  
    If indirect Rs. 56/- (outsider's) + Rs. 54/- (ours) + Rs. 40/- Conveyance per transaction
12 State Bank of Hyderabad DD Issued Charge (SBHC) Upto Rs. 10,000/- Rs. 60/- No relaxation.
    Above Rs. 10,000/- Rs. 5/- per Rs. 1,000/- with minimum of Rs. 100/-
13 Incidental Charges (IC) (formerly – Ledger Folio Charge) Both Debit & Credit entry wise Re. 01/- (Min. Rs. 100/-) No relaxation.
14 MICR (SBCH) Charge (MICRC) ----- ----- Replaced, Since CTS is now introduced.
15 CTS Clearings Charge (Outward) (CTCC) ----- ----- Under process; will be advised in due course separately.
16 Cheque-book Issued Charge (inclusive of CTS Inward Clearing Charge) Each page Rs. 02/- No relaxation; however, you may allow 50% relaxation being cheque printing cost only in all such good accounts being satisfactorily operated and KYC compliant and in which average credit balance is maintained at Rs. 3,00,000/- or more (no clubbing) over 06 months, on the written request of the customers, reviewable and payable in January & July each year only.
17 PO/DD/BC Cancellation Charges (POCC) Upto Rs. 50,000/- Rs. 50/- No relaxation, except in case of all genuine reasons to the satisfaction of the branch manager, 50% of charges may be waived.
    Above Rs. 50,000/- Rs. 100/-
18 Account Closed Charge (ACC) SB Rs. 50/- No relaxation; except in all such cases where –
  1. An account is closed for the purpose of re-opening immediately under another title/style or term deposit scheme with an amount not less than the balance in the account being closed;
  2. If the account is run satisfactorily and continuously for 02 complete years or more with average balance being not lower than Rs. 50,000/- at any time in CD accounts & Rs. 5,000/- in SB accounts;
  3. If the average balance is Rs. 1,00,000/- or more continuously for a period of 12 completed months only in CD accounts;
  4. Staff accounts;
  5. Senior Citizens' / Widows' / Minors' accounts (full refund in case of SB & CD accounts; 50% in case of all term deposit accounts).
    CD Rs. 100/-
    Fixed Term Penalty @1% on applicable interest
19 Against Clearings Charge (ACC) SB N/A No relaxation. Please treat this income as interest on advances.
    CD/OD @16% per day till realization.
20 ECS Verification Charge (ECSC) ----- Rs. 100/- No relaxation.
21 Balance Certificate Issued Charge (BCIC) SB Rs. 25/- No relaxation.
  CD/OD Rs. 50/- No relaxation, except in all such cases of good accounts on oral request.
    Loans upto Rs. 5 lakh Rs. 75/- No relaxation.
    Loans over Rs. 5 lakh Rs. 125/- No relaxation.
22 Adding / Deleting name(s) Charge (ADNC) (Also splitting of deposits) SB/CD Rs. 25/- per name No relaxation; except in all such cases of good accounts on written requests and in death cases.  
(individual accounts only)
    FDRs Rs. 25/- per name
(individual accounts only)
    Repeat in all above cases Rs. 50/- (each time)
23 Standing Instructions Charge (SIC) SB Rs. 75/- No relaxation; charge collected half-yearly in March & September each year.
    CD/OD Rs. 100/-
    Fixed Deposits Rs. 50/- Can be relaxed in all such cases where principal sum is Rs. 50,000/- or more on written application.
24 Penalty on Late Deposit of Installment in Recurring Accounts Upto 5 years @1.50 per Rs. 100/- or part thereof per month No relaxation, except in all such cases as follows:
  1. Where the delay is not more than 03 days from the date fixed for installment;
  2. Where the reason for the delay is the first occasion; and the depositor is not a regular defaulter;
  3. Where the reason for the delay is genuine and beyond control, to the branch manager's satisfaction;
  4. Where the delay is on the part of the Bank staff genuinely
    Above 5 years @2.00 per Rs. 100/- /- or part thereof per month
25 Adding / Deleting name(s) in Locker Account Charge (ADLC) Per entry Rs. 100/- No relaxation; fresh documents as per rules to be obtained, duly cancelling the old set under branch manager's signature and date.
26 Penalty for Depositing Cash Late for Clearing Settlement (PDCCS) (in all cases where the opening balance is insufficient) After 12.30 p.m. upto 03.00 p.m. only Rs. 10/- per Rs. 1000/- (Min. Rs. 25/- & Max. Rs. 1000/- per lodgement) (excluding applicable Service Tax) Though this is not generally allowed as a routine matter, the branch manager may extend this facility to good account- holders on genuine grounds to his satisfaction and as a customer service;
 
*Service Tax Applicable on above charges at prevailing rate.

 

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