Service Charges
Subject :- In relation to the rates of service charges of the bank
Bank letter no. 2316/Accounts/Service Charges/2014-15 dt. Rates for draft and check collection, bill collection and banker's cheques/local drafts and relevant charges were fixed vide 01.12.2014, which has become necessary to be revised in the present context.
Bank's Managing Committee meeting The revised rates of service charges have been approved as under vide Resolution No. 05 dated 24.12.2021. The rates of the said service charge are Rs. w.e.f. 01.01.2022.
1. Draft / Pay Order Charge (w.e.f 01/01/2022)
|
Draft Type |
Charges(Rs.) |
|
T.T and commission charges on mail transfer (i) UptoRs. 1000.00 |
Rs. 50.00 + G.S.T. |
|
(ii) Above Rs.1000.00 and up to Rs.10000.00 |
Rs. 60.00 + G.S.T. |
|
(iii) Above Rs.10,000.00 |
Rs.3.00 per Rs.1000.00 or part thereof but minimum Rs.60.00 + prevailing GST rate. |
|
(iv) For Duplicate Draft |
50% of Service Charges ( Minimum Rs. 50.00) +G. S.T. |
|
(v) For Draft revalidation |
50% of Service Charges ( Minimum Rs. 100.00) + G.S.T. |
|
(vi) For Draft Cancellation |
50% of Draft Value ( Maximum Rs.100.00) |
2. Cheque Collection Charges (w.e.f 01/01/2022):
|
Description of Service |
Rate (Rs.) |
|
(i) Upto Rs. 1000.00 |
Rs. 30.00 + G.S.T. rate + Postages |
|
(ii) From Rs. 1000.00 to Rs. 20,000.00 |
Rs. 3.50 per Rs.1000.00 or part there of but minimum Rs.40.00 + prevailing |
|
(iii) Above Rs 20,000.00 |
Rs. 3.00 per Rs.1000.00 or part there of but minimum Rs.100.00 + prevailing |
3. NEFT Charges(w.e.f 01/01/2022):
|
Description of Service |
Rate (Rs.) |
|
(i) UptoRs 10000.00 |
Rs 5.00 + GST |
|
(ii) Above Rs. 10000.00 up to Rs.100000.00 |
Rs 10.00 + GST |
|
(iii) Above Rs 10,0000.00 up to 200000.00 |
Rs 15.00 + GST |
| (iv) Above Rs 20,0000.00 up to 500000.00 |
Rs 25.00 + GST |
| (v)Above Rs.500000.00 |
Rs 50.00 + GST |
|
RTGS (i)Above Rs. 200000.00 up to Rs. 500000.00 |
Rs 25.00 + GST |
| (ii) Above Rs. 500000.00 |
Rs 50.00 + GST |
4. Bankers Cheque / Local Draft Charges(w.e.f 01/01/2022):
|
Description of Service |
Rate (Rs.) |
|
(i) UptoRs 100000.00 |
Rs 50.00 + G.S.T. |
|
(ii) Above Rs.100000.00 and up to Rs.1000000.00 |
Rs 75.00 + G.S.T. |
|
(iii) Above Rs 10,00000 |
Rs 150.00 + G.S.T. |
| Charges for return of unpaid cheques | |
| Inward cheques | Rs. 200 +GST |
| Outward Cheques | Rs.300+GST |
|
Charges for issue of balance certificate on request of customers:- |
|
| i.Charges for issue of dues certificate | Rs. 100.00 + GST |
| ii.Charges for issue of interest certificate | Rs. 100.00 + GST |
|
Periodic Closure of Accounts (One Year) |
|
| Savings Bank Account | Rs. 150.00 + GST |
| Savings Bank Account / Current Account with Check Book Facility | Rs. 150.00 +GST |
| Account closure due to death of account holder | No charges |
| Charges for Addition / Deleting in Accounts | Rs. 100.00+ GST |
| Charges for Nomination Change in Accounts | Rs. 100.00+ GST |
| Charges for Stop Payment Request | Rs. 150.00 per Cheque + GST |
| Charges for non-maintenance of minimum balance | |
| `Current Account | Rs.150.00 + GST per six month |
| saving Account | Rs. 100.00 +GST per six month |
5. Ledger folio charges(w.e.f 01/01/2022) :
|
Initial and minimum deposit |
|
|
a. Current Account |
1. For Individual A/c holders Rs 3000.00 |
|
2. for Institutes RS 5000.00 |
|
|
b. Saving Account ( without chequebook ) |
Rs 500.00 |
|
c. Saving Account ( with chequebook ) |
Rs 1000.00 |
|
d. Saving Account ( Pensionars / Senior Citizen / Salary Accounts / Disabled pension / Scholarship / Old Age Pension / NREGA / MREGA / A/c open under Govt schemes ) only Initial Fees |
Rs 200.00 |
|
Ledger Charges (Effective 01.01.2022): i. Current Accounts / Over Draft Accounts / Cash Credit Accounts |
Rs. 2.00 per page minimum Rs.40.00 +GST |
| ii.Charges for issue of duplicate passbook | Rs.50.00 +GST rate per passbook |
| iii.Charges for issue of duplicate fixed deposit receipt | Rs.150.00 per receipt + prevailing GST rate |
| iv.CTS check charges |
Ten page check book Rs.2.00 per check book +GST Twenty five page check book Rs.50.00 per checkbook + GST |
6. Cash handling Charges(w.e.f 01/01/2022):
|
Description of Service |
Rate (Rs.) |
|
(i) On credit of cash in current account/cash credit accounts |
1. Free up to Rs. 50000.00 2. Rs.1000000.00 up to Rs. 100.00 per thousand + prevailing GST rate. 3. Rs.5000.00 or more in Rs. 1.00 per thousand + prevailing GST Rate (member co-operative societies of the bank whose credit limit is approved. Free on deposit of cash in the said account) |
By displaying the above revised rates on the notice board of the branch, make sure to take action as above.
Note:- Presently the prevailing rate is 18%.
**For more details,please contact Barabanki District Co-operative Bank Ltd. nearest Branch.
