Service Charges

Service Charges

Savings Bank - Basic Savings Bank Deposit Account

Minimum Balance No Minimum Balance.

Savings Bank A/c - without cheque facility

Minimum Balance Rs.500/-
Charges for non maintenance thereof Rs.50/- per month + taxes (Debited at monthly intervals)

Savings Bank A/c - with Cheque facility

Minimum Balance Rs.1000/-
Charges for non maintenance thereof Rs.50/- per month + taxes (Debited at monthly intervals)
Cheque Book Charges
Upto 40 leaves Free
Above 40 leaves Rs. 2.5/- per leaf + Service Tax

Current Account

Minimum Balance Rs.3000/-
Charges for non maintenance thereof Rs.300/- per month + taxes (Debited at monthly intervals)
Issue of cheque leaves - Current A/c, CC, ODOS, ODD, SSI-CC etc.. Rs. 2.50/- per leaf + Service Tax
Folio Charges : Periodicity of levying - 6 months
Avg. Balance Number of Free Folios  
Upto Rs. 25,000/- Nil Maximum No.of transactions permitted for folio are 40 and charges per folio is Rs.50/- + service tax.
Rs. 25,001 - 50,000/- 3
Rs. 50,001 - 1,00,000/- 5
Rs. 1,00,001 - 2,00,000/- 10
Above Rs. 2,00,000/- Unlimited

Other Services

Issue of Duplicate statement of Account Rs.50/- + Service Tax irrespective of no of sheets on single instance. 

Incidental Chages on Closure of A/c

Mahesh Daily Deposit A/c: If closed before maturity Rs.50/- + Service Tax + reimbursement of commission paid to the agent
*If closed after maturity - No charges.

Savings Bank A/c with cheque Book Facility

Rs. 100/- + Service Tax if closed within 1 yr from the date of opening;
Rs.50/- + Service Tax – if closed after 1 yr from the date of opening.

Savings Bank A/c without cheque book facility:

Rs.50/- + Service Tax

Current A/c
CC, ODOS, ODD, SSI-CC

Rs. 200/- + Service Tax

Stop Payment Charges for SB, CA, CC, OD A/Cs

Rs. 50/- per instrument + Service Tax  Upto 5 instruments

Rs. 300/- + Service Tax per series of instruments (Series means 6 or Above Instruments)

Remittances Facilities through our Bank

DD - Issue Rs. 0.50/- per Rs.1000/- or part thereof subject to a minimum of Rs.10/- per instrument upto Rs.1.00 lac.
Rs 0.50/- per Rs. 1000/- or part thereof subject to a minimum of Rs. 50/- per instrument above Rs.1.00 lac.
DD - Cancellation Rs.50/-
PO - Issue Upto and inclusive of Rs.1000/- - Minimum Rs.10/- + Service Tax
Above Rs.1000/- - 0.05 ps per Rs.100/-. Minimum Rs.10/- + Service Tax; Maximum: No Ceiling.
PO - Cancellation Rs. 50/- per instrument

Remittance Facilities through other Bank

DD - Issue Rs. 1.00 /- per Rs. 1000/-  Minimum Rs. 15/- + Service Tax 

Remittance Facilities through State Bank of India

DD - Issue Rs. 1.00 /-  Per Rs. 1000/- Minimum Rs. 40/- + Service Tax

Charges for cancellation of Cheque drawn under drawing arrangements

Rs. 50/- per instrument + Service Tax irrespective of instrument amount.

Exchange on Discounting of drafts / Pay orders / Govt. Cheques / Release Against Clearing / Cheques

Rs.0.05 paise per Rs.100/- per day for actual no. of days bank being out of funds i.e.., (the actual day of credit otherwise in the a/c)subject to a minimum of Rs.20/- + Service Tax. No maximum ceiling)

Cheques:-  Rs .0.075 paise per Rs. 100/- per day for actual no. of days bank being out of funds (the actual day of credit otherwise in the a/c)subject to a minimum of Rs.20/- + Service Tax. No maximum ceiling)

Cheques Collection

Clearing Returns (Local)
Cheques presented in clearing for collection by our account holder and returned unpaid(outward)
Rs. 25/- per instrument + taxes and interest @ 18% per annum in case of late returns in credit facilities account.
Cheques issued on us (inward) Upto 3 cheque (per year) – Rs.100/- + Service Tax per cheque or interest @ 18% p.a. whichever is higher.
Above 3 cheques (per year) – Rs.300/- + Service Tax per cheque or interest @ 18% p.a. whichever is higher.
ECS return outwards Rs.50/- + Service Tax per ECS Return.
 

IBC - Bills/ Cheques for Collection

(Irrespective of Amount)

Rs.2.00/-  per Rs. 1000/- subject to a minimum of Rs.20/- + Service Tax + Postal Charges
OBC – CHEQUES COLLECTION (OUTWARDS/INWARD)
For Savings Account Customers:
1.Upto and including Rs.5000/-
2.Above Rs.5000./- and upto and Including Rs.10000/-
3.Above Rs.10000 and upto Rs.1.00 lac
4.Above Rs.1.00 lac
For other than Saving Account Customers
1.Upto Rs.10000/-
2.Above Rs.10000/- and upto Rs.1.00 lac
3.Above Rs.1.00 lac

Rs.25/- per instrument + Service Tax
Rs.50/- per instrument + Service Tax
Rs.100/- per instrument + Service Tax
Rs.150/- per instrument + Service Tax

Rs.50/- per instrument + Service Tax
Rs.100/- per instrument + Service Tax
Rs.150/- per instrument + Service Tax

ABB (Anywhere Banking) charges

Savings Bank (Cash Deposit) Non Home Branch
Max.amount Rs.0.50 lacs per day to be accepted.
Current Deposit (Cash Deposit) Non-Home Branch
Max Amount - Rs.2.00 lacs per day to be accepted
Charges: Upto Rs.0.50 lacs per day
Above Rs.0.50 lacs and upto Rs.2.00 lacs

 

 

NIL

 

 

NIL

Re.1/- per Rs.1000/-
In case the amount exceed Rs.0.50 lacs in a day, charges are to be collected on entire amount and not only on the amount exceeded.

Retail Loan

Loan Processing Charges For limits 0.50% and for Loans 1.00%
(For loans/advances of Rs. 1.00 lac and above)
Foreclosure charges when loan taken over by other Bank / Financial Institution. 2% of Outstanding Loans / Limits.
 
Solvency Certificate 0.25% of the amount applied.  Minimum Rs.500/-   Maximum Rs. 15000/-
Charges for late payment of EMI 2% p.a.
Renewal Charges Limit processing charges as applicable
Late payment charges 2% p.a.
Commitment Charges 25% of the sanction limit will be charged at applicable rate for all limits excepting limits against F.D. and Gold Ornaments on annualised basis. Not applicable if the average credit balance equivalent to 50% of the sanctioned limit is maintained in the other / same account during the period under review (other accounts include accounts maintained by the sister concerns).

Commission on Bank Guarantees

Against 100% Cash Margin/FD 1% p.a. of the Guarantee Amount.
Minimum Commission Rs. 100/-
Against 25% cash margin/FD and Collateral Security for 75% 2% p. a. of the Guarantee Amount. (Minimum Commission Rs. 100/-).
BGs issued by Other Banks through A. P. Mahesh Bank: Based on Issuing Bank’s terms and conditions.

Commission on Foreign Letters of Credit (for Imports)

Import LCs are issued through IDBI Bank Limited as per following tariff:  
Sight basis Validity : 0.15% Sight : 0.15%
Usance basis Validity : 0.15%  
Upto 3 months 0.30%
Above 3 months 0.30% plus 0.075% p.m. for period above 3 months
Amendment to LC Rs. 1000/- per L.C.  

Other Charges

Swift Charges Rs. 2500/- per LC
Swift Charges for each amendment Rs. 1000/- per LC

RTGS Charges

  Charge per transaction (Rs.)
 
Above Rs.2.00 lac to Rs.5.00 lac Above Rs.5.00 lac
 
25/- + applicable Service Tax 50/- + applicable Service Tax
 
   

NEFT:

1. Upto Rs. 10000 Rs.2.50 /- per transaction + Service Tax
2. Above 10000 Upto Rs. 1.00 lac Rs,5/- per transaction + Service Tax
3. Above Rs. 1.00 lac to Rs.2.00 lac Rs. 15/- per transaction + Service Tax
4. Above Rs.2.00 lacs Rs. 25/- per transaction + Service Tax

These charges are applicable for all types of transactions including inter bank fund transfers and for transactions originated and payable in India.

E-Payment

For challan with amount below Rs.1.00 lac No Charges for Account Holders for only TDS Challans. Others, Rs. 50 per Challan plus Service Tax
For challan of Rs.1.00 lac and above No Charges for Account Holders for only TDS Challans. Others, Rs. 100 per Challan plus Service Tax.
No Charges will be levied for Account Holders irrespective of the Amount of TDS Challan. However, charges will be levied for non account holders.
The service charges are inclusive of all charges (postal, courier, handling, etc.) other than service tax.

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.