Service Charges
Savings Bank - Basic Savings Bank Deposit Account |
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| Minimum Balance | No Minimum Balance. | |||||
Savings Bank A/c - with Cheque facility |
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| Minimum Balance | Rs.1000/- | |||||
| Charges for non maintenance thereof | Rs.20/- per month + GST (Debited at monthly intervals) | |||||
| Average balance to be maintained Rs 1000/-. If average balance is not maintained by customer then the charges applicable will be 10% on the difference amount between the actual total average balance maintained and the minimum balance to be maintained, subject to minimum of Rs 20/-+GST. | ||||||
| Cheque Book Charges | ||||||
| Upto 40 leaves | Free | |||||
| Above 40 leaves | Rs. 2.5/- per leaf + GST | |||||
Current Account |
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| 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, SSCC etc.. | Rs. 2.50/- per leaf + GST | |||||
| Folio Charges : Periodicity of levying - 6 months | ||||||
| Charges is levied based on the average balances maintained in the account as detailed under: | ||||||
| Avg. Balance | Number of Free Folios | |||||
| Upto Rs. 25,000/- | Nil | Maximum No.of transactions permitted per 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 |
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| Issue of Duplicate statement of Account | Rs.50/- + GST irrespective of no of sheets on single instance. | |||||
Incidental Charges on Closure of A/c |
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i). CA, CC, ODOS, ODD, SSCC etc., (Other than Staff) ii).Savings Bank account(Other than Staff) |
Rs 200/-(+) GST With cheque book facility: 2..If closed after 1 yr from the date of opening of account Rs.50/- + GST |
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| Stop Payment Charges for SB, CA, CC, ODD/ODOS/SSI etc |
Rs. 50/- per instrument + GST Rs. 300/- + GST for series of instruments (Series means 6 or Above Instruments) |
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Remittances Facilities through our Bank |
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DD -Issue instrument upto 1.00 lac |
Rs. 0.50/- per Rs.1000/- or part thereof subject to a minimum of Rs.10/- per instrument +GST. |
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| 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. |
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| PO - Cancellation | Rs. 50/- per instrument + GST | |||||
Remittance Facilities through other Bank (Cheque drawing arrangements) |
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| DD - Issue | Rs. 1.00 /- per Rs. 1000/- + GST Minimum Rs. 15/- + GST | |||||
Charges for cancellation of Cheque drawn under drawing arrangements |
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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 |
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Exchange on Discounting of drafts / Pay orders / Govt. Cheques |
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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 (i.e., the actual day of credit otherwise in the a/c)subject to a minimum of Rs.20/- + GST. (No maximum ceiling) |
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Cheques Collection |
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| 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. |
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| ECS return outwards | Rs.50/- + GST per ECS Return. | |||||
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IBC - Bills/ Cheques for Collection Irrespective of Amount |
Rs.2.00/- per Rs. 1000/- subject to a minimum of Rs.20/- + GST + Postal Charges | |||||
OBC – BILLS/CHEQUES COLLECTION (OUTWARDS) |
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| For Savings Account Customers: 1.Upto and including Rs.5000/- |
. Rs.25/- per instrument + GST |
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| 2.Above Rs.5000./- and upto and Including Rs.10000/- | Rs.50/- per instrument + GST | |||||
| 3.Above Rs.10000 and upto Rs.1.00 lac | Rs.100/- per instrument + GST | |||||
| 4.Above Rs.1.00 lac | Rs.150/- per instrument + GST | |||||
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For other than Saving Account Customers 1.Upto Rs.10000/- |
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Rs.50/- per instrument + GST |
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| 2.Above Rs.10000/- and upto Rs.1.00 lac | Rs.100/- per instrument + GST | |||||
| 3.Above Rs.1.00 lac | Rs.150/- per instrument + GST | |||||
| OBC Charges are inclusive of postal/ Courier, handling etc., other than GST.. | ||||||
ABB (Anywhere Banking) charges |
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| Savings Bank (Cash Deposit) Non Home Branch | ||||||
| Max.amount Rs.0.50 lacs per day to be accepted | NIL | |||||
| 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 | NIL | |||||
| 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 |
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| Loan Processing Charges | For limits 0.50% and for Loans 1.00% + GST (For loans/advances of Rs. 1.00 lac and above) |
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| Foreclosure charges when loan taken over by other Bank / Financial Institution. | 2% of Outstanding Loans / Limits + GST |
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| 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 |
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| Against 100% Cash Margin/FD | 1% p.a. of the Guarantee Amount. Minimum Commission Rs. 100/- + GST |
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| 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 Co-operative Urban Bank: | Based on Issuing Bank’s terms and conditions. | |||||
Commission on Foreign Letters of Credit (for Imports) |
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| 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 |
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| Swift Charges | Rs. 2500/- per LC | |||||
| Swift Charges for each amendment | Rs. 1000/- per LC | |||||
OFFLINE CHARGES: |
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RTGS: |
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| 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 | |||||
NEFT: |
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| 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 | |||||
ONLINE CHARGES:(OUR BANK) |
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RTGS & NEFT (online)outward charges - NIL |
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| These are applicable for all types of transactions including inter bank fund transfers and for transactions originated and payable in India. | ||||||
CASH HANDLING CHARGES |
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| Particulars | Charges to be levied | |||||
| Accounts wherein monthly average balance maintained is Rs.5.00 lakhs and above | --NIL-- | |||||
| Accounts wherein monthly average balance maintained is below Rs.5.00 lakhs |
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E-Payment –Non Account holders(TDS Challans) |
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| 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 . | |||||
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No Charges will be levied for Account Holders irrespective of the Amount of TDS Challan. However, charges will be levied for non account holders. |
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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
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.
