Service Charges

Service Charges

Savings Bank - Basic Savings Bank Deposit Account

Minimum Balance No Minimum Balance.

Savings Bank A/c - with Cheque facility

Minimum Balance Rs.1000/-
Charges for non maintenance thereof Rs.20/- per month + GST (Debited at monthly intervals)
Cheque Book Charges
Upto 40 leaves Free
Above 40 leaves Rs. 2.5/- per leaf + GST 

Current Account

Minimum Balance Rs.3000/-
Charges for non maintenance thereof Rs.300/- per month + GST (Debited at monthly intervals)
Issue of cheque leaves - Current A/c, CC, ODOS, ODD, SSI-CC etc.. Rs. 2.50/- per leaf + GST 
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/- + GST .
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/- + GST  irrespective of no of sheets on single instance. 

Incidental Chages on Closure of A/c

Mahesh Daily Deposit A/c: A) Foreclosure charges shall not be deducted from the amount payble to the depositor.

B) Commision paid to the agent up to the date of foreclosure along with GST@18% shall be deducted from amount payble to the depositor.

*If closed after maturity - No charges.

Savings Bank A/c with cheque Book Facility

Rs. 100/- + GST  if closed within 1 yr from the date of opening of account.
Rs.50/- + GST  – if closed after 1 yr from the date of opening of account.

Current A/c

Rs. 200/- + GST 

Stop Payment Charges for SB, CA, CC, ODD/ODOS/SSI etc

Rs. 50/- per instrument + GST   Upto 5 instruments

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

Remittances Facilities through our Bank

DD - Issue upto 1.00 lacs

 Above 1.00 lacs

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

Remittance Facilities through other Bank (Cheque drawing arrangements)

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

Charges for cancellation of Cheque drawn under drawing arrangements

Rs. 50/- per instrument + GST  irrespective of instrument amount.

Stop payment of Instrument drawn under cheque drawing arrangement – Actual out of pocket expenses incurred + Rs 20/- per instrument + GST

Exchange on Discounting of drafts / Pay orders / Govt. Cheques / 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/- + GST. 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/- + GST. No maximum ceiling)

Cheques Collection

Clearing Returns (Local)
Cheques presented in clearing for collection by our account holder and returned unpaid(outward)
Rs. 50/- per instrument + GST 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/- + GST  per cheque or interest @ 18% p.a. whichever is higher.
Above 3 cheques (per year) – Rs.300/- + GST  per cheque or interest @ 18% p.a. whichever is higher.
ECS return outwards Rs.50/- + GST per ECS Return.

IBC - Bills/ Cheques for Collection

(Irrespective of Amount)

Rs.2.00/-  per Rs. 1000/- subject to a minimum of Rs.20/- + GST  + Postal Charges
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 + GST 
Rs.50/- per instrument + GST

Rs.100/- per instrument + GST 
Rs.150/- per instrument + GST 

Rs.50/- per instrument + GST 
Rs.100/- per instrument + GST 
Rs.150/- per instrument + GST 

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









Re.1/- per Rs.1000/- + GST

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%  + GST
(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 + GST
Solvency Certificate 0.25% of the amount applied.  Minimum Rs.500/-   Maximum Rs. 15000/- + GST
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 + GST 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/- + GST
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 Andhra Pradesh 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



Charge per transaction (Rs.)
Above Rs.2.00 lac to Rs.5.00 lac Rs. 20/- per transaction + applicable GST
Above Rs.5.00 lac Rs. 40/- per transaction + applicable GST


Upto Rs.10,000/- Rs. 2/- per transaction  + applicable GST
Above Rs.10,000/- upto Rs.1.00 lac Rs. 4/-  per transaction + applicable GST
Above Rs.1.00 upto Rs.2.00 lacs Rs. 12/- per transaction  + applicable GST
Above Rs.2.00 lacs Rs. 20/-  per transaction + applicable GST


RTGS & NEFT (online)outward charges - NIL

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


Particulars Charges to be levied
Accounts wherein monthly average balance maintained is Rs.5.00 lakhs and above --NIL--
Accouints wherein monthly average balance maintained is below Rs.5.00 lakhs
Daily Deposit Upto Rs.1.00 lakh Free
Above Rs.1.00 lakh Rs.75/- + applicable GST per lakh with minimum of Rs.100 + GST

E-Payment –Non Account holders(TDS Challans)

For challan with amount below Rs.1.00 lac Rs. 50 per Challan plus GST 
For challan of Rs.1.00 lac and above Rs. 100 per Challan plus GST  .

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 GST .

Basic Savings


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



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.