Service Charges

Interest Rates and Service Charges

Note : All services charges are exclusive of GST. w.e.f. 20.06.2019 GST at applicable rate i.e. 18.00% ( at present ) of service charges will be levied extra on these service charges.

Door Step Banking

The charges for each service of Doorstep banking is Rs 75 plus applicable GST.

Deposit and Allied Services

Sr. No.

Area of Banking Service

Revised Service charges ( Excluding GST) w.e.f. 01.07.2020

Ledger Folio Charges

Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits & Fast Access) Our charges is Rs 125/- per 25 entries (one folio) Current Accounts:-

Av. Cr. Bal (Rs)	Folios (per quarter)*
Up to Rs 25000	All folios are chargeable
Above Rs 25000/- to Rs 1 lac	Chargeable after 2 folios
Above Rs 1 to Rs 2 lac	Chargeable after 5 folios
Above Rs 2 to Rs 5 lac	Chargeable after 10 folios
Above Rs 5 lac	Folio Charges not applicable

Note:
For A/cs maintained on computers, 25 entries or part thereof to be treated as one ledger page.
Ledger folio charges to be recovered on quarterly basis.
Excluding Transactions done through ADC in CA/CC/OD

Transaction Charges

Metro- Urban Savings Bank Accounts – ( excluding BSBD and FI accounts**)

Upto 50 debit entries Charges – Not applicable
Exceeding 50 debit entries : Rs 15/- per debit

Following transactions are excluded.

Standing Instructions
Transactions through ADC incl. ECS
Auto sweep, system generated (service charge, interest etc.)

Transaction charges to be recovered on half yearly basis at the time of half-yearly closing
** For BSBD and FI accounts there is no service charges

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch Savings Bank Accounts – ( excluding BSBD and FI accounts**)

Upto 50 debit entries Charges – Not applicable
Exceeding 50 debit entries : Rs 12/- per debit

Following transactions are excluded.

Standing Instructions
Transactions through ADC incl. ECS
Auto sweep, system generated (service charge, interest etc.)

Transaction charges to be recovered on half yearly basis at the time of half-yearly closing

a) Charges for issue of Duplicate Statement / Pass Book

Individual: ( SB, Time deposits) Metro- Urban Rs100/- per Duplicate Passbook/statement with latest Balance only. Charges applicable after first passbook.
Charges for previous entries (if required) Rs 75/- per ledger page or part thereof

Individual: ( SB, Time deposits) Rural/Semi urban branches , Senior Citizen and Pensioners at any branch Rs 75/- per Duplicate Passbook/statement with latest Balance only. Charges applicable after first passbook.
Charges for previous entries (if required) Rs60/- per ledger page or part thereof

Non- Individual: ( CA/CC/OD) Rs 150/- per Duplicate statement with latest balance only (charges applicable after first statement).
Charges for previous entries (if required) Rs 150/- per ledger page or part thereof. Note:
For accounts maintained on computers, 25 entries or part thereof be treated as one ledger page.

b) Issue of letter of
acknowledgement/ duplicate TDR in case of loss of TDR

Non Individual ( CA,CC, OD) For Letter of Acknowledgement & Duplicate TDR - Rs 175/- (in Both cases) Individual (SB, other deposits)
Metro- Urban
For Letter of Acknowledgement & Duplicate TDR - Rs 150/- (in Both cases)

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Individual (SB, other deposits) For Letter of Acknowledgement & Duplicate TDR - Rs 125/- (in Both cases)

Cheque Book
Issuance Charges

Savings bank account: Metro-Urban After -30- leaves in a financial year charges @ Rs 4 per cheque leaf.

Savings bank account: Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Savings Bank customer of Rural branches, Senior citizen and pensioners
Rs.2.50 per cheque leaf
Only two cheque books will be issued at a time

Current/CC/OD After issuance of 1st cheque book, charges for subsequent cheque book @ Rs 5.00/- per leaf. Note: 1st Cheque book means cheque book of 50 leaves. Wherever cheque books are printed by the customer after obtaining permission of Stationary and Security Form Department, Head Office, Baroda, the cost of paper should be recovered from the customer at the rate of Rs 1000/- per 1000 leaves (over and above charges to be paid by customer directly to the printer for printing.)

Opening & Maintenance of Minimum Balances

Current Accounts. (CA 101)

Individual / Non Individual
Rural / Semi-Urban	Rs 2000/-
Urban	Rs 5,000/-*
Metro	Rs 10,000/- *

* Quarterly Average Balance

Savings Bank Accounts. (SB 101)

Rural	Rs 500*
Semi-Urban	Rs 1000*
Urban / Metro	Rs 2000/-*

* Quarterly Average Balance

Baroda Basic Savings Bank account
Zero balance

Baroda Pensioners Savings Bank account SB 114
Zero Balance Note: No Minimum Balance charges in SB A/cs to be recovered from employees’ institutional salary A/cs i.e. not only institutions maintaining account with the branch but also of employees whose salary is paid through SB a/cs maintained with the branch. Branches can open zero balance A/cs of such institutional employees whose salary is paid through us. Hence salary accounts to be opened / transferred to scheme code SB 113,115. If salary/pension is discontinued in these accounts, account will be transferred to SB 101 and charges will be applicable accordingly.

Charges for not maintaining minimum balance

Current Account as under:

16th March to 15th June
16th June to 15th September
16th September to 15th December
16th December to 15th March

Saving Bank account as under:

1st April to 30th June
1st July to 30th September
1st October to 31st December
1st January to 31st March

Current Account
Metro

Quarterly Average Balance (QAB) of Rs 10000/- is not maintained

Rs 800/- per quarter

Urban:

Quarterly Average Balance (QAB) of Rs 5000/- is not maintained

Rs 600/- per quarter

Rural/Semi Urban

Quarterly Average Balance (QAB) of Rs 2000/- is not maintained

Rs 400/- per quarter

SB Accounts

Urban / Metro

Rs 250 per
quarter

Metro/Urban
If QAB is in the range

Rs1500- Rs2000	25%
Rs 1000 - Rs 1499	50%
Rs 500 - Rs 999	75%
Below Rs 500	100%

SB Accounts-

Rural / Semi-Urban- branches,Senior citizen /pensioners at any branch

Rs 125/- per quarter

Rural
If QAB is in the range

Rs375- Rs500	25%
Rs 250 - Rs 374	50%
Rs 125 - Rs 249	75%
Below Rs 125	100%

Semi-Urban
If QAB is in the range

Rs750- Rs1000	25%
Rs 500- Rs 749	50%
Rs 250- Rs 499	75%
Below Rs 250	100%

Charges will not be applicable in following types of accounts Savings Bank - No frills A/c
Baroda Basic Savings Bank account-
Baroda Pensioner’s Savings Bank account-SB-114
Baroda Salary Advantage Account

For maintaining Balance Quarter is defined as under: 16th March to 15th June
16th June to 15th September
16th September to 15th December
16th December to 15th March

Addition / Deletion of names in Joint Accounts/Change in operational instructions (including Lockers)

Savings and other deposit accounts
Metro/Urban
Rs 200/- per occasion Not applicable for deletion of name on account of death of customer in joint A/c.

Savings and other deposit accounts
Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Rs 175/- per occasion Not applicable for deletion of name on account of death of customer in joint A/c.

Nomination

Not applicable for First time nomination Modification / Change in nomination – Rs 100/- per occasion

Charges for Standing instructions

Within the Bank - Not chargeable Rs 50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i. e in other branches / Offices such as LIC etc. plus actual postage charges

Charges for inability to carry out standing instructions due to insufficient balance in the account

Rs 100/- per occasion.

Charges for Stop Payment instructions
(Per Instrument)

Metro-Urban

Savings Bank

Rs100/- per instrument

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch

Savings Bank

Rs75/- per instrument

CA/CC/OD
All branches

Rs 200/- per instrument

In case of loss of complete blank cheque book

CA/CC/OD- All branches
In case of loss of complete blank cheque book
Max. ceiling as below:

C.A./C.C./OD

Rs 1000

Metro-Urban
SB

Savings Bank

Rs 500/-

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch

Savings Bank

Rs 400/-

Charges for Cheque returned unpaid –(Inward) Clearing / Transfer

Charges for Cheque returned unpaid –(Outward) Clearing / Transfer

CA/CC/OD- All branches

Upto 1 lac	Rs 150/-
Above Rs 1 lac to less than Rs 1 crore	Rs 250/-
For Rs 1 crore and above	Rs 500/-

Cheque return due to technical reason – not at the fault of customer-in all cases No charges

Metro-Urban (SB)

Upto 1 lac	Rs 125/-
Above Rs 1 lac to less than Rs 1 crore	Rs 250/-
For Rs 1 crore and above	Rs 500/-

Cheque return due to technical reason – not at the fault of customer-in all cases No charges

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch- Savings Bank

Upto 1 lac	Rs 100/-
Above Rs 1 lac to less than Rs 1 crore	Rs 225/-
For Rs 1 crore and above	Rs 450/-

Cheque return due to technical reason – not at the fault of customer-in all cases No charges

CA/CC/OD- All branches (Financial Reason)

Upto Rs 1 lac	Rs 250/-
Above Rs 1 lac to less than Rs 1 crore	Rs 500/-
For Rs 1 crore and above	Rs 750/-

In case Bank remains out of funds :; actual interest @ MCLR ( One year)+SP+6.25%) is to be charged extra (to be levied Manually) For other reasons – Rs 250/- For technical reasons- not at the fault of customer- No charges

Metro-Urban (SB) (Financial Reason)

Upto Rs 1 lac	Rs 225/-
Above Rs 1 lac to less than Rs 1 crore	Rs 475/-
For Rs 1 crore and above	Rs 725/-

In case Bank remains out of funds :; actual interest @ MCLR ( One year)+SP+6.25%) is to be charged extra (to be levied Manually) For other reasons – Rs 225/- For technical reasons- not at the fault of customer- No charges

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (Financial Reason)
Savings Bank

Upto Rs 1 lac	Rs 200/-
Above Rs 1 lac to less than Rs 1 crore	Rs 450/-
For Rs 1 crore and above	Rs 700/-

In case Bank remains out of funds :; actual interest @ MCLR ( One year)+SP+6.25%) is to be charged extra (to be levied Manually) For other reasons – Rs 200/-
For technical reasons- not at the fault of customer- No charges

Charges for entries (Dr.) received through ECS and not responded:- As per cheque return charges

Incidental charges for inoperative accounts

Inoperative Savings Bank a/cs.All branches

Account maintaining stipulated minimum balance - Nil

No penal charges on inoperative Savings accounts where stipulated minimum balance is not maintained - as stipulated by RBI.

For inoperative Current Account –All branches Nil charges for inoperative current account Branch should endeavor for making inoperative A/Cs into operative by follow up.

Charges for issuance of Balance Certificate, at the request of customer.

CA/CC/OD ( All branches) Rs 150/- per certificate

Metro-Urban (SB) Rs 125/- per certificate

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (SB) Rs 100/- per certificate

Charges for issuance of Interest Certificate, at the request of customer

CA/CC/OD (All branches) For Second/Additional Certificate Rs 100 per copy

Metro-Urban (SB) For Second/Additional Certificate Rs 75 per copy

Rural/Semi urban branches , Senior Citizen and Pensioners at any branch (SB)
For Second/Additional Certificate Rs 50 per copy

Closure of A/cs -within a year

Saving Account: Metro-Urban No charges

if the account is closed within 14 days of first customer induced credit into the account.

No charges, if account is closed due to death of Account Holder.

Rs 300- : if account is closed beyond 14 days but within 1 year of the first customer induced transaction. (Excluding Small Savings bank and Basic Savings Bank accounts).

Saving Account: Rural/Semi urban branches , Senior Citizen and Pensioners at any branch No charges

if the account is closed within 14 days of first customer induced credit into the account.

No charges, if account is closed due to death of Account Holder.

Rs 275/- : if account is closed beyond 14 days but within 1 year of the first customer induced transaction. (Excluding Small Savings bank and Basic Savings Bank accounts).

Current account –All branches
No charges

if the account is closed within 14 days of first customer induced credit into the account.
if account is closed due to death of Account Holder.
If account closed beyond 14 days but within 1 year of the first customer induced transaction :

Rs.800/-

Non -Individual –RD/YSJY -All branches 150/-
Closure of Account due to death of Account Holder – No Charges

Individual - RD/YSJY
Metro-Urban
Rs.100 Closure of Account due to death of Account Holder – No Charges

Individual - RD/YSJY
Rural/Semi urban branches , Senior Citizen and Pensioners at any branch
Rs.80/-
Closure of Account due to death of Account Holder – No Charges

Issue of Solvency Certificate

Commercial	Rs 500 per lac
Min. Rs 1500/- Max. Rs 25000/-

Current /CC/OD- All branches
NOTE:
For issuance of capacity certificate for obtaining VISA for educational purpose for students- only 50% of the charges as mentioned above subject to maximum Rs 2500/-

Non commercial	Rs 300 per lac
Min. Rs 1000/- Max. Rs 15000/-

Savings Bank

Charges for issuance of Bankers Certificate on behalf of contractor clients for participating in the Government tender.

Rs 1000/- per certificate

Opening accounts with restrictive operations

Current, Cash Credit, Over Draft Account One time at the time of acceptance of instruction or at the time of modification	Rs 500/-
Savings Bank Account	Rs 100/-

Allowing operations in an a/c through a) Power of Attorney b) Mandate

One time charges at the time of acceptance/modification of instructions.

Savings Bank Accounts	Rs 500/-
Current, Cash Credit, Over Draft Account	Rs 1000/-

Change of authorized signatory including reconstitution of A/c.

Current, Cash Credit, Over Draft Account Rs 250/- per change

Copy of original of cheque / DD (paid by the Bank)

Rs 100 upto 6 months old record
Rest - Rs 250
No change

Penalty on late payment of installment on RD account

Irrespective of tenure uniform rate of Rs 1.0 per Rs 100/- per month across the board. If instalment is paid in subsequent month there should not be any penalty

Collection

Sr.No.

Area of Banking Service

Revised service charges excluding GST w.e.f. 01.07.2020

Collection of outstation cheques (By sending cheques physically)

Through our bank’s branches

Charges are mandated by RBI- At all branches
CHARGES MANDATED BY RBI w.e.f. 30.03.2012

Upto Rs 5,000/-	Rs 25/-
Above Rs 5,000/- and upto Rs 10000/-	Rs 50/-
Above Rs 10,000/- to Rs 1/- Lac	Rs 100/-
Above Rs 1 Lac to Rs 5 Lac	Rs 200/-
Above Rs 5 Lac to Rs 10 Lac	Rs 225/-
Above Rs 10 Lac	Rs 250/-

Above charges are exclusive of out of pocket expenses i.e. postages /courier extra. Note:
Discretion to Branch Manager to charge upto 50% on adhoc basis within the overall limit of our charges in deserving cases.

B) Direct through other banks i.e. instruments drawn at a centre where we have no branch.

Above Charges are to be shared on 50:50 basis between collecting bank and paying bank and proceeds should be remitted through RTGS /NEFT to other bank.

Cheques collected through our branch for another bank

For Immediate credit of outstation cheques -- Our usual collection charges should be recovered in full

Outstation Cheque return charges

50% of collection charges

Collection of other Banks deposits / receipts on maturity

If proceeds are invested in FD then no charges. Else flat – Rs 50/-

Collection of Bills (Clean / Doc.-Demand & Usance)

Applicable to IBCs

Bills for Amount :

Upto Rs 1/- lac	Rs 12- Per Rs 1000/- or part thereof subject to Minimum Rs 100/-
Above Rs 1 lac upto Rs 10/- lacs	Rs 11/- per Rs 1000/- or part thereof subject to Minimum Rs 1200/-
Above Rs 10/- lacs	Rs 10/- per Rs 1000/- Min. Rs 10,000/- & Max. Rs12,000/-

Postage/Courier is to be recovered on actual basis in higher multiple of Rs 5/-

b) Applicable to OBCs

Bills for Amount

Upto Rs 100000/-	Rs 10/- per Rs 1000/- or part thereof subject to minimum Rs 100/-
Above Rs 1 lac upto Rs 10/- lacs	Rs 9/- per Rs 1000/- or part thereof subject to a min. of Rs 1000/-
Above Rs 10/- lacs	Rs 8/- per Rs 1000/- Min. Rs 9,000/- & Max. Rs 15,000/-

Postage/courier is to be recovered on actual basis in higher multiple of Rs 5/-

Handling charges for bills returned unpaid.
Local
Outstation

Rs 100/- per instrument 50% of the collection charges subject to a min. Rs 200/- Note: Postage/courier is to be recovered on actual basis in higher multiple of Rs 5/-.

Charges for presentation of usance bills

Rs 100/- per bill. (Also in cases of BP/BD – where there is a change in instructions

Change of original instruction in respect of OBC/ IBC e.g.

Delivering free of payment
waiving 'c' form etc
Allowing rebate
Extending time for retirement

Rs 100/- per request

Remittances

1. Charges at Branch against RTGS and NEFT charges mentioned under section Service charges & Fees

Sr. No.

Area of Banking Service

System/Manual

Revised service charges ( excluding GST) w.e.f. 01.07.2020

Issuance of DD/BC

System

Individual- Upto Rs 1 lac Semi-Urban/Rural, Sr.Citizen and Pensioner at any branch

Individual- Upto Rs 1 lac Metro-Urban
Upto Rs 5000/-	Rs 40/-
Above Rs 5000/- to 25000/-	Rs 60/-
25001 to Rs 1 lac	Rs 3/- per thousand or part thereof Minimum Rs 40/- maximum Rs 300/-
Above Rs 1 lac	Rs 4/- per thousand or part thereof. Minimum Rs 400/- and Maximum Rs 15000/-
Upto Rs 5000/-	Rs 30/-
Above Rs 5000/- to 25000/-	Rs 50/-
25001 to Rs 1 lac	Rs 2.50/- per thousand or part thereof Minimum Rs 30/- maximum Rs 250/-
Above Rs 1 lac	Rs3.50/- per thousand or part thereof. Minimum Rs 350/- and Maximum Rs 15000/-
Non- Individual upto Rs 1 lac ( all branches)
Upto Rs 5000/-	Rs 50/-
Above Rs 5000/- to Rs25000/-	Rs 75/-
Rs25001 to Rs 1 lac	Rs 4/- per thousand or part thereof Minimum Rs 50/- maximum Rs 400/-
Above Rs1 lac	Rs 5/- per thousand or part thereof. Minimum Rs 500/- Maximum Rs 15000/-

Cancellation of DD/ Bankers' cheque and/

Issue of fresh DD/ Bankers' cheque in lieu of lost one.-Duplicate DD/BC

System

DD Lost Manual- through menu GSTTM

Individual
Up to Rs 500/-	NIL
Above Rs 500/-	Rs 75/- per instrument

In case of lost instrument
Up to Rs 500/-	Rs 20/-
Above Rs 500/-	Rs 175/- per instrument

Non Individual

Up to Rs 500/-	Rs.20/-
Above Rs 500/-	Rs 100/- per instrument

In case of lost instrument
Up to Rs 500/-	Rs 30/-
Above Rs 500/-	Rs 200/- per instrument

Against tender of cash for any mode of remittance

Manual

50% plus higher charges over floor rates

Remittance of fund through RTGS (Through Cheque)

As per RBI circular RBI/2011-12/166-DPSS(CO)RTGS No. 388/04/04/.002/2011-12 dated 05.09.2011

System

As per RBI guidelines

A) On all RTGS Transactions (INWARD)----NIL

B) Outward charges

Transaction	Rs. 2 Lacs to Rs. 5 Lacs	Above Rs. 5 Lacs
	Rs. 24.50	Rs. 49.50

Payment of Fixed deposit to other bank

Manual

Remittance charges as applicable plus out of pocket expenses

CLARIFICATIONS:

The powers for granting concessions / waiver in respect of remittances charges are as under.

a) In case of borrowal accounts the waiver / reduction in charges will be decided by the sanctioning authority of the advance a/c (not below the rank of Regional Manager). Thus, for advances sanctioned / reviewed under the discretionary lending powers of the branch then the waiver/reduction will have to be referred to the Regional Manager. Wherever waiver / concession in remittance charges are sought in an advance account, the credit proposal must mention about the same giving proper justification, overall yield in the account and benefit accruing to the branch. To make it abundantly clear, we mention that for credit proposals falling within OR beyond the sanctioning /review powers of the Branch head and containing recommendation for granting waiver/concession in remittance charges to the party then the powers to grant such concession/waiver will rest with the respective Regional Manager and above.

For credit limits beyond the sanction powers of the Regional Manager, such concession / waiver in remittance charges in borrowal accounts shall be considered by the concerned sanctioning authority i.e Zonal Head / ZOCC/ GM ( Credit) / ED /CMD / Board as the case may be.

b) In case of accounts other than borrowal accounts the charges can be waived / reduced, keeping in view the value of the account , as under.

1.The branch should submit the proposal to the Regional Manager, on case to case basis, along with its recommendations for due consideration- subject to half yearly review.

2.For proposals pertaining to more than one Region, but within the same Zone the powers to reduce/ waive are vested with the Zonal Manager.

For proposals covering more than one Zone, the powers to reduce / waive the service charges are vested with the Concerned Functional Head. For Current Account and Savings Bank account- GM-Deposit-Resources, (Retail Liabilities Savings and Term deposit)No change

Miscellaneous Services

Sr. No.

Area of Banking Service

Revised service charges ( excluding GST) w.e.f. 01.07.2020

Safe Custody Charges

Sealed Covers: Rs 350/- per cover per annum or part thereof. (4” x 12,- thickness x 1/2”)
More than the above size, charges as applicable for sealed boxes
Sealed boxes – Rs 3000/- per box per annum (size 200 cubic inch)

Bank’s own Deposit Receipt : No charges

Service Charges for handling scrips

As per discretion of Regional Manager

Attestation of customer’s signature

Non Individual /Joint accounts
Rs.150/- per instrument/occasion
Individual, Senior Citizen, Pensioners at any branch Rs.100/-

Inquiries relating to old records.

More than 3 months to 12 months old	Rs 100/- per item
More than 12 months to 3 years old	Rs 300/- per item
Above 3 years upto 7 years	Rs 500/- per item
Above 7 years	Rs 1000/- per item

Photo attestation

Rs 150/- per photo /occasion

Cash Handling Charges-FOR CASH DEPOSIT
(Applicable to base branch, Local Non-base branches)

For CA/OD/CC/Other Accounts:(Base and local Non base branch)

Beyond Cash Deposit of Rs. 50000/- Or above 10 packets i.e. 1000 pieces of notes of any denominations taken together,whichever is higher charges will be levied as under – Above 10 packets – i.e. 1000 pieces of notescharges will be levied @ Rs.10/- per packet or a part thereof. (Min. Rs.10/- Maxi. Rs.10000/- .(per day per txn

Savings bank account- (Base and local Non base branch)

Metro-Urban**

Cash Deposit – Chargeable Beyond5 transactionsin a month (excluding Alternate Channel transaction) -Rs 50/- per transaction

Savings Bank accounts Rural /Semi Urban branches , Pensioner and Senior Citizen At any branch**

Cash Deposit – Chargeable Beyond 5 transactions in a month (excluding Alternate Channel transaction) -Rs 40/- per transaction

(In case of cash aggregatingRs 50000/- or more deposited with the bank during any one day, customer is required to quote his/her PAN or submit form 60)
**For BSBD and FI accounts there are no service charges for cash deposit )

Locker Service Charges

Revised service Charges (Excluding GST) w.e.f. 20.06.2019

Class of locker	Metro/ Urban	Semi- Urban/ Rural
A	1500	900
B	2000	1000
D	2800	1500
C	3000	1700
E/H-1	4000	2200
G	7000	5500
F	7000	5500
H	7000	5500
L1	10000	8000
L	10000	8000

NOTES :

In case of breaking open of the locker, Rs 1000/- to be recovered as incidental charges over and above actual cost incurred for the same.
Penalty for late payment of locker rent (from the due date) be levied as under:

-- Where annual locker rental is up to Rs 3000/-
- Rs 200/- for first -3- months thereafter Rs 50/- p.m.

-- Where annual locker rental is above Rs 3000/-
- Rs 500/- for first -3- months thereafter Rs 100/- p.m.

When the rent is paid in advance for -3- years 10% discount may be allowed to General Public.

However, 20% discount in locker rent in case of Premium current account and Premium current account privilege customers if rent is paid in advance for a period of three years and above.

CHARGES FOR LOCKER OPERATIONS MORE THAN 12 TIMES A YEAR – Rs 100/- PER OCCASION (FOR GENERAL PUBLIC)

Rent in advance can be accepted for maximum three years only

Inter-SOL Charges

Sr. No.	Area of Banking Service	Revised service charges ( excluding GST) W.e.f. 01.07.2020
1	CASH DEPOSIT Savings bank account- (Base and local Non base branch) CA/CC/OD/others : (Outstation Branch)	Savings bank account- (Base and local Non base branch) Metro-Urban Cash Deposit – Chargeable Beyond5 transactionsin a month (excluding Alternate Channel transaction) -Rs 50/- per transaction Savings Bank accounts Rural /Semi Urban branches , Pensioner and Senior Citizen At any branch Cash Deposit – Chargeable Beyond 5 transactions in a month (excluding Alternate Channel transaction) -Rs 40/- per transaction (In case of cash aggregatingRs 50000/- or more deposited with the bank during any one day, customer is required to quote his/her PAN or submit form 60) **For BSBD and FI accounts there are no service charges for cash deposit CA/CC/OD/others : (Outstation Branch) ( Chargeable in case of cash deposit in excess of Rs 25000/- per day per account at Rs 2.50 per thousand or part thereof at outstation branch
2	CASH WITHDRAWAL (Base branch, local non base branch and outstation )	Cash Withdrawals: (Base , local non base and outstation branch) CA/CC/OD Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs. 150/- per transaction. Savings bank- Metro-Urban branch Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs.125/- per transaction. Savings Bank- Rural/Semi-Urban branches and Senior citizen, pensioner at any branch Beyond Firstfivetransactions per month (excluding withdrawals from ATM) charges of Rs.100/- per transaction. However, Maximum withdrawal allowed at outstation branch is Rs 50000/- per day to the account holder only. **For BSBD and FI accounts there are no service charges Note: 1.Inter SOL cash payments to third parties is totally withdrawn 2. Per day per transaction limit of Rs 50000 /- is fixed for cash withdrawal by drawer by self cheque (through withdrawal up to Rs 25000/- - SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with Withdrawals
2		Note: .Inter SOL cash payments to third parties is totally withdrawn 2. Per day per transaction limit of Rs 50000 /- is fixed for cash withdrawal by drawer by self cheque (through withdrawal up to Rs 25000/- - SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with Withdrawals

General

Sr. No.	Area of Banking Service	Revised service Charges (Excluding GST) w.e.f. 20.06.2019
1	APPLICABLE TO ALL ABOVE SERVICES/ ACTIVITIES) Postal & Telecommunication TARIFF	a) Ordinary Post – Actual, subject to Min. Rs 15/-
		b) Registered / Speed Post/courier – Actual, subject to Min. Rs 75/-
		c) Fax - Actual, subject to Min Rs 60/-.
	Courier Charges	Rs 75- per instrument per occasion, unless otherwise specified to the contrary.
2	Higher Service charges for non customers of the Bank.	For all banking services to non-customers of the Bank, service charges shall be 50% higher than the floor rates, across the board plus Taxes
3	Definition of Floor rates	Floor rates shall mean rates of service charges fixed by our bank as detailed in this circular.

Forex Related Charges-Other than Large Corporate/ C & IC

Exports
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
1.	Bill purchased/discounted/negotiated a. Foreign Currency Export Bill	Bill amount below equivalent USD 25000.00 - Rs. 1000.00 Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00 (Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)	No Change
1.	b. Rupee Export Bill	Bill amount below equivalent USD 25000.00 - Rs. 1000.00 Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00 (Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)	No Change
2.	Forwarding export documents to another bank due to reason such as LC being restricted to the latter or the LC have been confirmed by that bank.	Rs. 1000.00 per bill Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.	No Change
3.	Where reimbursement under a Letter of Credit is claimed by the bank with another Authorized Dealer in India	Rs. 500.00 per claim	No Change
4.	For each Export bill sent for Collection	Bill amount up to equivalent USD 5000.00 - Rs 250.00 Bill amount equivalent to USD 5001.00 to USD 25000- Rs 750.00 Bill amount beyond equivalent USD 25000.00 - 0.0625 % subject to maximum of Rs. 2000/- Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.	No Change
5.	Merchant trade transactions for Export transaction (Other than applicable charges for Export bill i.e. collection charges, overdue charges, etc.)	Flat Rs. 500.00 per Export bill	Flat INR 3000 Per Export Bill
6.	If the entire sets of export documents have been sent by the exporter directly to the overseas buyer after complying with Exchange Control formalities. For each export bill sent for collection by exporter against which advance payment already received	Bill amount up to equivalent USD 5000.00 - Rs 250.00 Bill amount equivalent to USD 5001.00 to USD 25000- Rs 500.00 Bill amount beyond equivalent USD 25000.00 - Rs 1200.00 Additionally Rs. 100.00 per shipping bill to be charged if more than one shipping bill is submitted under a single export bill.	No Change
7.	In case of each overdue export bill, sent on collection where the proceeds are not received in NOSTRO account on or before the due date and in case of each overdue export bill purchased/discounted/negotiated/ and subsequently treated as collection item after crystallization.	Rs. 500.00 per bill on quarterly basis after the due date and upto the date of realization (Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)	No Change
8.	Advance Remittances against exports	Rs.200/- per remittance	No Change
9.	Charges for issuance of export related certificates	Rs. 100.00 per certificate	No Change
10.	Issuance of NOC for discounting export Bills with other bank	Rs. 1000.00 per bill	No Change
11.	Net off/Set off of export bills against import of goods (For Per shipping Bill) Other than these charges, no Bill collection charges to be recovered.	Rs. 1000.00 per shipping bill.	No Change
12.	Approval for extension of due date (Other than Applicable normal charges)	Extension of due date up to 270 days from shipping bill date - Nil Extension of due date beyond 270 days from shipping bill date - Rs.1000/- per extension	No Change
13.	Issuance of GR waiver Certificate	Rs. 500.00 per certificate	No Change
14.	Approval for write-off of export bills (Other than overdue charges)	Write-off of export bills against Bank charges- Nil Self Write-off of export bill by exporter- Nil Others- Rs.1000 per shipping bill	No Change
15.	Late submission of documents (after 21 days from the date of shipment) (Other than normal applicable charges for collection and overdue)	Submission of documents beyond 30 days and up to 3 months - Rs.100 per shipping bill Submission of documents beyond 3 months - Rs.500 per shipping bill	No Change
16.	Crystallization charges for export bills purchased/discounted at the time of crystallization.	Rs. 1000.00 per bill	No Change
17.	Advising Letter of Credit for the Our bank’s clients	Rs. 1000.00 per LC	No Change
18.	Advising Letter of Credit for the other-Bank clients	Rs. 2000.00 per LC	No Change
19.	Advising of Amendment for Our Bank’s clients	Rs. 600.00 per amendment	No Change
20.	Advising of Amendment for Other-bank clients	Rs. 600.00 per amendment	No Change
21.	LC confirmation charges where LC opened in favour of Indian Exporter	Sight : 0.25% for the first quarter 0.15% p.m. thereafter (Min. Rs. 1500.00) For LC amount exceeding INR 5.00 crore commission @ 0.50% per annum (These charges i.e. @ 0.50% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore) Charges will be calculated from the date of opening of LC to the date of expiry of LC. Usance: 1.5% p.a. (Min. Rs. 2000.00) For LC amount exceeding INR 5.00 crore commission @ 0.40% p.a. Charges will be calculated from the date of opening of LC to the date of expiry of LC plus the usance period (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore) Charges applied for actual number of days per annum basis.	No Change
22.	Transfer of Letter of Credit	Rs. 1000.00 per transfer and subsequent amendment	No Change

Imports

Sr. No.

Services

Existing

Revised Service Charges W.E.F. 10.12.2022

23.

For establishing an Import Letter of Credit/ Revolving Letter of Credit/ Letter of Credit covering imports of goods on deferred payment terms/ Back to Back letter of credit and Reinstatement charges (upon the reinstatement under a Revolving letter of Credit)

Sight
1. 0.35% for the first quarter
2. 0.15% p.m. thereafter (Min. Rs. 1500.00)
usance
1. 1.5% p.a. or part thereof
2. For LC amount exceeding INR 5.00 crore commission @ 0.40% p.a. or part thereof. (Min. Rs. 2000.00)
3. (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore)

Charges applied for actual number of days per annum basis.

Sight
1. 0.35% for the first quarter
2. 0.15% p.m. thereafter

Usance

External Rating	LC % commission (p.a.)
AAA/A1+ and Fully Government Guaranteed	0.75%
AA/A1	1.00%
A/A2	1.25%
BBB/A3	1.50%
BB and below/ A4 and Below / Unrated	2.40%

For Import LC amount exceeding INR 5.00 crore commission @ 0.40% p.a. or part thereof (existing charges retained)
(These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore). Charges applied for actual number of days per annum basis.
Note: Minimum charges for Sight and Usance LC is Rs.2000/-
Note:
1. In case of Import L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.
2. For MSME unrated accounts, the applicable commission shall be in line with BBB accounts as above.
3. For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, short term rating to be used for arriving at appropriate Commission.

24.

In case of a Letter of Credit established against 100% cash deposit as Security.

25% of the charges as mentioned in Serial No 23

25.

Extension of validity of LC

Rs.1000/- per amendment plus charges applicable as per point 23, 24

No change

26.

In case of enhancement of value of credit

Rs.1000.00 per amendment
In case of enhancement of the value of a letter of credit, charges as per point No. 23, 24 for establishing a letter of credit shall be recovered for the additional amount, for the remaining period.
In case of both enhance of value of Credit and extension of validity for a particular LC at a time, amendment charges will be recovered for one event. Other charges shall be recovered as per norms.

No Change

27.

In case of amendment extending the tenor of the Bills of Exchange

Rs.1000.00 amendment charges In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per point no 23, 24 shall be collected on the outstanding liability under the LC

No Change

28.

Amendment other than extension of validity or enhancement of tenor of the bill of exchange

Rs.1000.00 per amendment.

No Change

29.

For revival of expired LCs within 3 months for the date of expiry

Any revival or reinstatement of an expired LC shall be at the option of the bank but within 3 months from the date of expiry and shall be subject to recovery of charges as per point 23, 24 from the date of expiry upto the validity period of the revival Letter of Credit.

No change

30.

Deferred Imports Commission on Letter of Credit covering import of goods on deferred payment terms involving payments beyond a period of six months from the date of shipment over a period of time as defined in Exchange Control.

LC Amount	% per quarter
Upto 1 crore	0.25
>1 crore upto 5 crore	0.18
>5 crore	0.10

Calculated on the amount of liability under such credit at the beginning of every quarter.
Note: Charges will be recovered as mentioned above on the basis of LC amount coming under the particular slab. (For example, if LC amount is Rs. 4 crore, then charge will be @ 0.18% on entire amount.)

No Change

31.

If the validity period of a Letter of Credit covering import on deferred payment terms is extended.

Flat amendment commission of Rs. 750/-, However, for any amendment extending the validity of the letter of Credit beyond 3 month period, commission at the applicable rate shall be recovered.

No Change

32.

Amendment Enhancement

When the amount of an import letter of credit covering import on deferred payment terms is enhanced, commission at the applicable rate shall be recovered on the amount so enhanced. Note: For purposes of levying charges under this Rule value of each enhancement will ordinarily be considered separately without adding it to the outstanding liability of the letter of credit. However, branches may, at their discretion “add” the value of enhancement to outstanding liability of the letter of credit for purpose of levying charges depending upon the circumstances of each case.

No Change

33.

Credit Opinion Report

Actual cost of report

No Change

34.

Shipping Guarantee for clearance of goods pending production of bill of lading.
a. Relating to imports under LCs opened by the banks
b. In all other cases

Documents under LC:
1. Flat Rs. 1000.00 per Shipping Guarantee
In all other cases:
1. 0.05% p.m. for the period of guarantee, Minimum Rs. 1000.00

No Change

35.

Foreign currency Import bills under LC at the time of crystallization or retirement whichever is earlier
( where exchange benefit accrues)

0.125% of the bill amount-
Minimum of Rs. 1000.00 - Maximum Rs. 25000.00

No Change

36.

Foreign currency bills under LC where no exchange benefit accrues

0.25% of the bill amount.
Minimum of Rs. 1000.00 - Maximum Rs. 30000.00

No Change

37.

Discrepancy charges in case of non-confirming documents under LC

USD 50, EUR 50, GBP 50, JPY 5000 for LCs issued in USD, EUR, GBP and JPY; respectively. For all other currencies equivalent to USD 50.

No Change

38.

Import bill (not under LC) drawn in foreign currency on which bank earns exchange benefit.

0.15% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 25000.00

No Change

39.

Import bill (not under LC) drawn in rupees and in foreign currency on which bank earns no exchange benefit.

0.30% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 50000.00

No Change

40.

For foreign currency import bill required to be forwarded to another bank required for remitting proceeds to the remitting bank abroad

Rs. 1000.00 per bill as handling charges

No Change

41.

For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where exchange benefit accrues to the bank

0.125% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 10000.00

No Change

42.

For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where no exchange benefit accrues to the bank

0.20% of the bill amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 25000.00

No Change

43.

Import documents covering project imports under Inter-Government Aid Scheme and Schemes (including projects those financed by International Agencies like World Bank, IMF, ADB etc.) where no LC is opened.

To be charged as applicable on import bills as per point no. 38,39,40,41 & 42.

No Change

44.

Issuance of Delivery Order pending receipt of Import Bill ( document not under LC)

Rs. 1000.00 per delivery order.

No Change

45.

Advance remittance against imports Where exchange benefit accrues to the bank

0.15% of the remittance amount.
Minimum of Rs. 500.00 - Maximum of Rs. 10000.00

No Change

46.

Advance remittance against imports Where no exchange benefit accrues to the bank

0.20% of the remittance amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 15000.00

No Change

47.

Net off/Set off of import bills against export of goods. Other than these charges, no Import Bill collection charges to be recovered.

Rs. 2000.00 per bill.

No Change

48.

Custody charges for overdue import bills

Rs. 500.00 per bill per quarter or part thereof, after the due date.
(Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)

No Change

49.

Follow up for submission of BOE

Advance remittance for Import - Rs. 1000.00 if the BOE is not submitted within 180 days from the date of last remittance.
Payment against Import Bill- Rs.1000 per bill of entry if not submitted within 90 days from the date of remittance. (Charges to be recovered at the time of submission of Bill of Entry)

No Change

50.

Merchanting trade transactions for Import transaction
(Other than applicable charges for import bill i.e. collection charges, overdue charges, etc.)

Flat Rs. 500.00 per import bill

Flat INR 3000 Per Import Bill

51.

Counter signing/ Co-acceptance/ Availisation of Import bills

0.085% per month for the tenor of bills subject to minimum of 0.25%.

No Change

52.

Recovery of commission in lieu of exchange on import bills payment of which are settled out of foreign currency loans arranged abroad, foreign currency accounts and EEFC accounts

Discontinued. No commission in lieu of exchange to be charged in case import bills (under LC or otherwise) are realized out of foreign currency loans arranged abroad/ buyers credit.
No extra charge to be taken in case of EEFC funds too.

No Chnage

Outward Remittances other than Imports
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
53.	Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where exchange benefit accrues to the bank	0.10% of the transaction amount. Minimum of Rs. 500.00 - Maximum Rs. 5000.00	No change
54.	Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where no exchange benefit accrues to the bank	0.25% of the transaction amount. Minimum of Rs. 1000.00 - Maximum Rs. 10000.00	No change
55.	Outward remittance in foreign currency under LRS and remittance from NRO accounts	Rs. 500.00 - up to Rs. 25000.00 Rs. 750.00 - above Rs. 25000.00	No change
56.	Outward remittance in foreign currency from NRE account	Rs. 500.00 - up to Rs. 25000.00 Rs. 750.00 - above Rs. 25000.00	No change
57.	Issuance of Foreign Currency Demand Draft	For Individuals - Rs. 500.00 per draft For Non-Individuals - 0.10% of the instrument amount (min. Rs. 500.00 - max. Rs. 5000.00) 0.25% for non-individual where exchange benefit does not accrue to the bank (min. Rs. 1000.00 - max. Rs 10000.00)	No change
58.	Cancellation of Demand Draft	Rs. 100.00 per draft	No change
59.	Issue of Foreign Currency Travellers Cheques commission	1% on rupee equivalent payable by the customer.	No change
60.	Where at the request of the beneficiary, foreign currency travelers cheques are issued by the Authorised Dealers against foreign currency remittances received from abroad.	0.25% (Min.Rs.200.00)	No change
61.	Payment of foreign currency draft by the drawee bank by issuing their own draft in the same currency in favour of the beneficiary bank with whom the relative foreign currency amount is to be deposited in a FCNR account.	Rs. 500.00 per draft	No change

Inward Remittances other than Exports
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
62.	Inward Remittances	Nil where proceeds are to be credited to our account. In all other cases - Rs. 100.00	No Change
63.	Commission on Clean Instruments sent for collection abroad	0.1% of the instrument amount (min. Rs. 250.00 - max. Rs. 5000.00)	No Change
64.	Charges for dishonoured of clean instruments sent on collection	0.1% of the instrument amount (min. Rs. 250.00 - max. Rs. 2000.00)+ any cost/charges incurred by our correspondent	No Change
65.	Encashment of TTs/ purchase of MTs/ DDs in respect of which cover has been received in NOSTRO accounts	NIL, since cover has been received in NOSTRO accounts.	No Change
66.	Where the inward remittance has to be executed in foreign currency by issuing a demand draft/ mail transfer/ payment order/ telegraphic transfer commission shall be recovered from beneficiary/ beneficairy’s bank as the case may be.	0.1% min. Rs. 500.00 and max Rs. 5000.00	No Change
67.	Follow-up of submission of export documents against advance remittance	Advance remittance received up to 31.12.2018 - Nil Advance remittance received on or after 01.01.2019 - Rs.250 per remittance per quarter after one year from the date of receipt of advance. Not applicable for export orders to be executed on deferred terms. (Charges to be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)	No Change

Foreign Bank Guarantees

Sr. No.

Services

Existing

Revised Service Charges W.E.F. 10.12.2022

68.

Export performance guarantees for Project Exports which include:
1. Bid-bond
2. Bond for earnest money
3. Guarantee for advance payment made by foreign buyers to Indian exporters/contractors

Guarantees covered by ECGC cover to the extent of 75%	1.25% p.a. including ECGC premia
Guarantees covered by ECGC cover to the extent of 90%	1.30% p.a. including ECGC premia
Guarantees covered by counter guarantee of the GOI	0.30% p.a.
Guarantees not covered by ECGC/GOI counter guarantee	1.00% p.a.

Commission in respect of Bid Bonds: Commission for issuing bid bonds for supplies to projects carried out abroad shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materializes the balance 75% of the commission shall be recovered, else the commission previously collected will be refunded.

1. Performance Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	0.80	0.90
AA/A1	0.95	1.05
A/A2	1.20	1.30
BBB/A3	1.60	1.70
BB and below/ A4 and Below / Unrated	1.90	2.00

2. Financial Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.00	1.10
AA/A1	1.15	1.25
A/A2	1.40	1.50
BBB/A3	2.10	2.20
BB and below/ A4 and Below / Unrated	2.40	2.50

Note:
1. In case of guarantee by ECGC Ltd. the applicable commission (on the covered portion) shall be 50% of the Card Rate and in case of Counter guarantee by GoI, the applicable commission (on the covered portion) shall be 25% of the Card Rate.
2. In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
3. For MSME unrated accounts, the applicable commission shall be in line with BBB (Both Performance and Financial guarantee) accounts as above.
4. In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.
5. For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (up to 1 year), short term rating to be used for arriving at appropriate Commission.

69.

Export Performance Guarantee (other than Project Exports) covering:
1. Bid Bond, etc.
2. Export Obligations in terms of import trade control regulations
  Guarantees linked to deemed exports

0.10% p.m. for the specified period of liability. For any part of the month, the period will be reckoned as full month. A month will be considered to have 30 days.
In case of early redemption of the guarantees beyond a period of 3 months from the date of issue, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date shall be refunded.
Commission for issuing bid bonds for supplies connected with deemed export/direct exports other than project exports shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materializes the balance 75% of the commission shall be recovered, else the commission previously collected will be refunded.

70.

Deferred Payment Guarantees covering import of goods into India/repayment of foreign currency loans

0.50% per quarter or part thereof for the specified period of liability calculated on the amount of liability under such guarantees at the beginning of every quarter. Minimum charges for a quarter to be charged.

1) Performance Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.00	1.10
AA/A1	1.20	1.30
A/A2	1.50	1.60
BBB/A3	2.00	2.10
BB and below/ A4 and Below / Unrated	2.40	2.50

2) Financial Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.25	1.35
AA/A1	1.45	1.55
A/A2	1.75	1.85
BBB/A3	2.65	2.75
BB and below/ A4 and Below / Unrated	3.00	3.10

i. For MSME unrated accounts, the applicable commission shall be in line with BBB (Both Performance and Financial guarantee) accounts as above.
ii. In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
iii. In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.
iv. For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (upto 1 year), short term rating to be used for arriving at appropriate Commission

71.

All other guarantees (including Stand by Letter of Credit - other than that for trade credit)

0.15% per month for the specified period of liability
Where the guarantee period is less than 2 months, commission recoverable shall be 0.25%.
In case of early redemption of the guarantee after a period of 2 months.
50% of the commission for unexpired period may be refunded at the discretion of bank.

72.

Advising of Guarantee

Rs. 500.00 per advice

No Change

73.

Enhancement of Value/ Extension of Tenor of the Guarantee

Charges as per point no 68, 69 , 70 & 71 are applicable.

No Change

74.

Guarantees issued against 100% cash margin/ 100% counter guarantee of the GOI

25% of the charges as per point no 68, 69 , 70 & 71 are applicable.

No Change

75.

Standby Letter of Credit against trade credits
From the date of opening of LC to last date of its validity including usance period.

Below INR 5 Crore - 1 % p.a. or part thereof
INR 5 Crore & above - 0.40% p.a. These charges i.e. @ 0.40% p.a. are applicable on the entire SBLC amount whenever the SBLC amount exceeds Rs.5 crore.

No Change

Overseas Direct Investment
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
76.	Processing of ODI transaction including generation of UIN	Rs. 10000.00 per UIN. (one time charges) In addition to this, charges for the remittance will be levied as applicable.	No Change

Foreign Direct Investment
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
77.	Processing of (FCGPR, FCTR (to be taken at the time of first reporting to RBI like Annex 6)	Rs. 10000.00 (one time charges- where funds have been received by Bank of Baroda) Rs. 25000.00 (one time charges- where funds have been received by other banks) In addition to this, charges for the remittance will be levied as applicable.	No Change

Project Export Approvals
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
78.	Approval for Project Exports	Rs. 5000.00 per project. (one time charges) at the time of granting approval. In addition to this, charges for the remittance will be levied as applicable.	No Change

External Commercial Borrowing
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
79.	ECB (Form 83 Scrutiny)	Rs. 5000.00 per LRN. (one time charges) where loan is arranged from Bank of Baroda Rs. 10000.00 per LRN (one time charges) where loan is arranged from other sources/banks. In addition to this, charges for the remittance will be levied as applicable.	No Change

Establishing Warehouses/ Setting up Liaison/ Branch Offices
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
80.	Setting up liaison/branch offices in India	Rs. 10000.00 per request	No Change
81.	Establishing warehouses/ offices abroad	Rs. 10000.00 per request	No Change
82.	Opening of accounts abroad	Rs. 2000.00 per request	No Change

Forward Contracts
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
83.	Charges for Booking of forward contracts	Rs. 500.00 per contract	No Change
84.	Charges for Early Delivery/Extension of Forward Contracts Including NRIs) Cancellation of forward contract	Rs. 500.00 per contract Nil	No Change
85.	Booking of forward sale contract in respect of import bills drawn under letter of credit opened by another bank. (Where an importer has arranged for fixation of a forward contract with a bank other than the one through whom the letter of credit has been opened).	0.15% commission in lieu of exchange in addition to swap cost and interest from the date of negotiation till the date of credit of proceeds in the Bank’s Nostro a/c (min Rs. 1000.00)	No Change

Miscellaneous Charges
Sr. No.	Services	Existing	Revised Service Charges W.E.F. 10.12.2022
86.	Swift Charge	Rs. 500.00 for every SWIFT message	No Change
87.	Courier Charges	Dispatches outside India - Rs. 1200.00 per document Dispatches within India - Rs. 250.00 per document	No Change
88.	Processing of applications /representation to RBI	Rs. 500.00 per application/representation.	Rs. 2000.00 per application/representation (Other than MTT) Rs.5000 per application/representation for MTT
89.	Issuance of NOC for permitted cases in respect of capital account transactions	Rs. 1000.00 per NOC	No Change
90.	Transfer of existing UIN/LRN to other AD	Rs. 5000.00 per transfer	No Change
91.	Non submission of APR/ proof of ODI/FCGPR/FCTRS/ARF/ Project Export progress report	Rs. 2500.00 on a half yearly basis	No Change

General Notes:

In addition, any other out of pocket expenses incurred by the Bank will be recovered at actual.
All above charges are exclusive of SWIFT and courier charges. SWIFT/ Courier charges as mentioned above will be additional charged wherever applicable.
All above charges are exclusive of GST and applicable GST will be charged extra.
GST applicable on foreign currency exchanged - as below: (as applicable from time to time)

Amount of Currency Exchanged	GST Rates	Minimum GST	Maximum GST
Up to INR 1.00 lakh	0.18% of currency exchanged	Rs. 45.00	Rs. 180.00
Between INR 1.00 lakh and up to INR 10.00 lakhs	INR 180.00 + 0.09% of the currency exchanged	Rs. 180.00	Rs. 990.00
Above INR 10.00 lakhs	INR 990.00 + 0.018% of the currency exchanged	Rs. 990.00	Rs. 10800.00

Stamp duty charges applicable in the respective states as per government regulations from time to time will be recovered wherever applicable.
100% waiver of charges on personal Inward and Outward remittances (excluding trade related transactions) be allowed in respect of existing Staff Members/ Honourably Retired Employees of our bank. Out of pocket expenses i.e. postage/courier/SWIFT/taxes etc.; if any are to be recovered on actual basis.
The above schedule of charges will only apply in cases where specific customer level pricing approval/sanction is not in place.

Mortgages & Retail Asset

Retail Product

Concessional Service Charges effective till 30.06.2024

Baroda Home Loan (All variants)

For Takeover leads received through Non DSA (Digital or Non-digital) :
NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.
For Home Loan to Central/State/PSUs employees received through NON-DSA:
NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement
For Home Loan in approved projects (Digital or Non-digital):-
NIL, subject to recovery of out of pocket expenses of Rs.3,500.00 + GST (Per Property).
For Other Home Loan leads sourced through Digital Channel:
NIL, subject to recovery of out of pocket expenses of Rs.5,000.00+ GST to Rs. 8,500.00 + GST (conditions apply)
For Other Home Loan lead sourced through Non-Digital Channel:
NIL, subject to recovery of out of pocket expenses of Rs.10,000.00 + GST (Per Property)

Baroda Top Up Loan

For non-takeover cases and for takeover leads through DSA:
1. For Digital journey leads : Rs.3,500 + GST
2. For lead sourced through Non-Digital Channel:
  100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹5000.00 + GST (Per Property)
For Takeover leads received through non DSA
NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.

Conversion Charges: (Applicable whenever borrower opts for switching of ROI)

Product

Conversion Charges

Home Loan & Mortgage Loan

0.10% on outstanding balance + undisbursed portion, if any
Minimum Rs.10,000 and maximum Rs.1.00 Lakh per account at the time of each conversion.

Top up Loan, Suvidha Personal loan, Home Improvement Loan and linked Home Loan account will be treated as one single account for deciding the minimum and maximum conversion charges. Conversion charges will be applied after clubbing balance in all the linked account.

FRR

Loan upto 1 Crore	0.10% on outstanding balance + undisbursed portion, if any
Loan above 1 Crore	0.20% on outstanding balance + undisbursed portion, if any

Minimum Rs.10, 000.

Auto Loan (including Pre-Owned Car Loan, Two Wheeler Loan)

0.10% on outstanding balance + undisbursed portion (if any)
Minimum Rs.5,000 + GST and maximum Rs.1.00 Lakh + GST per account at the time of each conversion.

Education Loan

0.10% on outstanding balance + undisbursed portion (if any)

Minimum Rs.5,000+GST and maximum Rs.1.00 Lakh+GST per account at the time of each conversion.

Personal Loan (Digital as well as Non-Digital), Pension Loan (Digital as well as Non-Digital), Loan to Defense Pensioners, Digital HL Top Up Loan

0.10% on outstanding balance + undisbursed portion (if any)

Minimum Rs.1000+GST per account at the time of each conversion.

Advance Against Securities (NSC / LIP / KVP / E-KVP / Relief Bonds / Govt. Bonds)

0.10% on outstanding balance + undisbursed portion (if any)

Minimum Rs.1000+GST per account at the time of each conversion.

Retail Gold Loan

Nil

Baroda Ashray (Reverse Mortgage)

0.10% on outstanding balance + undisbursed portion (if any)

Minimum Rs.5000+GST per account at the time of each conversion.

Pre-Payment Charges under Fixed Rate Retail Loans

Home Loan & Mortgage Loan:

Pre-payment charges under fixed rate loan is as under-

Source of fund	Applicable pre-payment charges
Borrower’s own source	Nil
Takeover by other lenders	0.50% of outstanding amount at the time of takeover.
In case of more than one account (like Home Loan and Top up Loan), pre-payment charges to be calculated for each account separately.

Baroda loan against Future Rent Receivable (FRR) upto Rs.100 crores:

Pre-payment charges under fixed rate loan is as under-

Source of fund	Applicable pre-payment charges
Borrower’s own source	Nil (Individual) 1 % (Non individual)
Takeover by other lenders	0.50% of outstanding amount at the time of takeover. (Individual) 1.50% of outstanding amount at the time of takeover. (Non-Individual)

Auto Loan:

If Baroda Car Loan Account is running under Floating Rate- Prepayment/preclosure charges is as under

For Individual	Nil
For Non- Individual	Pre closure within -6- months of the Loan disbursement: 4% of outstanding as per the original Repayment/EM! schedule i.e. to be calculated based on amortization balance as per repayment schedule; Pre closure after -6- months: Nil

If Baroda Auto Loan Account is running under Fixed Rate- Prepayment/preclosure charges is as under -

Product	Applicable pre-payment charges
Baroda Car Loan	Nil part payment charges upto cumulative amount Rs 40,000/- within a period of -01- Year from first disbursement date. Nil Pre- payment charges after a period of -01- Year from first disbursement date of loan amount. Pre/Part Payment charges @2%+GST on entire pre-payment will be applicable if such amount exceeds Rs 40,000/- within a period of -01- Year from the first Disbursement date. Pre-payment / part-payment charges.@ 2% + GST for entire pre-paid amount when account is closed within -01- year from the first disbursement date.
Baroda Auto loan for Pre-owned Car	Nil part payment charges upto cumulative amount Rs 40,000/- within a period of -02- Year from first disbursement date. Nil Pre- payment charges after a period of -02- Years from first disbursement date of loan amount. Pre/Part Payment charges @2%+GST on entire pre-payment will be applicable if such amount exceeds Rs 40,000/- within a period of -02- Years from the first Disbursement date. Pre-payment / part-payment charges.@ 2% + GST for entire pre-paid amount when account is closed within -02- years from the first disbursement date.
Two Wheeler Loan Scheme	Nil part payment charges upto cumulative amount Rs 10,000/- within a period of 2 Year from first disbursement date. Nil Pre- payment charges after a period of 02 Years from first disbursement date of loan amount. Pre/Part Payment charges @2%+GST on entire pre-payment will be applicable if such amount exceeds Rs 10,000/- within a period of 02 Years from the first Disbursement date. Pre-payment / part-payment charges.@ 2% + GST for entire pre-paid amount when account is closed within 2 years from the first disbursement date.
In case of more than one account, pre-payment charges to be calculated for each account separately.

Education Loan:

Pre-payment charges under fixed rate loan is as under-

Source of fund	Applicable pre-payment charges
Borrower’s own source	Nil
Takeover by other lenders	0.50% of outstanding amount at the time of takeover.
In case of more than one account, pre-payment charges to be calculated for each account separately.

Personal Loan:

Pre-payment charges under fixed rate loan is as under: - @ 3% + GST on amount pre-paid during the first 3 years of loan period.

Advance Against Securities:

Pre-payment charges under fixed rate loan is as under: - @ 1% + GST on amount outstanding

Retail Gold Loan:

Nil

Baroda Ashray (Reverse Mortgage):

Pre-payment charges under fixed rate loan is as under: - @ 1% + GST on amount outstanding.

Sr. No.	Area of Banking Service	Service Charges (Excluding GST) w.e.f. 20.06.2019
1	Baroda Home Loan & Baroda Home Improvement Loan	Slab wise Upto Rs 50 Lacs 0.50% of Loan amount: Minimum: Rs 8,500/- (Upfront) Maximum: Rs 15,000/- Above Rs 50 Lacs 0.25% of Loan amount: Minimum : Rs 8,500/- (upfront) Maximum: Rs 25,000/- The above charges are unified processing charges which includes inspection, valuation and legal fees For staff members: Actual Charges for Advocate / Valuers / CERSAI / ITR verification (if any) only to be recovered. The above charges are for all categories of borrowers under Home Loans.
2	Baroda Home Loan Top Up	0.35% Minimum: Rs 5,000/- (upfront) Maximum: Rs 12,500/-
3	Takeover of Home Loan (Resident /NRI/PIOs)	Flat: Rs 8,500/- (upfront)
4	Pre Approved Home Loan (In Principal Sanction)	0.25% - 0.50% Rs 8,500/- (upfront). If the borrower submits the property documents with in the validity period of pre- approval letter, balance amount of unified processing charges as applicable to Home Loan only will be recovered from the borrower.
5	Baroda Ashray (Reverse Mortgage Loan)	0.20% Upfront Charges: Rs 8,500/- Maximum Rs 10,000/-
6	Baroda Advance Against Gold Ornaments / Jewellery	0.50% Minimum: Rs 500/- Maximum Loan upto Rs 5.00 Lakhs: Rs 2500/- Loan above Rs 5.00 Lakhs: Rs 3500/-
7	Baroda Traders Loan (including Baroda Traders Gold Card scheme)	OD: 0.35% TL: 0.50% Minimum: Rs 8,500/- (Upfront) per property
8	Baroda Loan to Doctors	0.35% Maximum Rs 15000/-
9	Baroda Advance Against Securities	Rs 500/- (No other charges) Staff/ Ex-Staff: No Charges
10	Car Loan & Digital Car Loan	For Both Fixed and Floating Rate Option Rs. 750/- + GST irrespective of Loan Amount upto 30-11-2024 Nil for Baroda Yoddha Loan Customer Rs. 500/- + GST for State/Central/PSU employees.
11	Baroda Two Wheeler Loan	2% of Loan amount + GST, Minimum Rs 250/- + GST Staff/ Ex-Staff: No Charges
12	Baroda Personal Loan (including Baroda Premium Personal Loan)	2% of Loan amount Minimum: Rs 1000/- Maximum: Rs 10,000/-
13	Baroda Pensioners Loan	Pensioners/ Family Pensioners of our Bank (Ex-Staff) : Nil Others : Rs 1,000/-
14	Baroda Mortgage Loan:	TL: 1% Minimum: Rs 8,500/- (Upfront) per property Maximum: Rs 1,50,000/- OD: Upto Rs 3.00 Crores: 0.35% Minimum: Rs 8,500/- (Upfront) per property Maximum: Rs 75,000/- Above Rs 3.00 Crores: 0.25% Minimum: Rs 8,500/- (Upfront) per property Maximum: No Limit
15	Baroda Education Loan	Study in India - Nil Study Abroad - 1.00% of Loan amount (maximum Rs 10,000/-) to be recovered upfront which will be refundable on availment (first disbursement) of loan. Education Loan for students of Premier Institutions (studies in India): Nil Education Loan for Vocational Education and Training: Nil Career Development: 0.50% Notes: (a) A non refundable Lump sum amount Rs 8,500/- per property (towards Advocate and Valuer charges) to be taken upfront in case of all Education Loan accounts, wherever property is mortgaged. (b) No Mortgage creation charges for all types of Education Loans.
16	LABOD/ODBOD	Nil
17	Baroda Loan Against Future Rent Receivables	Processing Charges : 1.00% (without cap), subject to minimum amount of Rs 1000/-. Escrow Charges : Loans upto Rs 10 crs : Rs 10,000/- p.a. Loans above Rs 10 Crs : Rs 25,000/- p.a.
18	Modification Charges	Upto Rs 1.00 Crores: Rs 5,000/- Above Rs 1.00 Crores upto Rs 10.00 Crores: Rs 15,000/- Above Rs 10.00 Crores: Rs 25,000/-
19	Deviation Charges	Home Loans: Rs 1,500 per deviation (Maximum Rs 5,000) Education Loan: Nil Other Retail Loans: Rs 3,000 per deviation (Maximum Rs 10,000)
20	Commitment Charges in Mortgage Loan and Traders Loan (Overdraft facilities only)	Minimum quarterly average utilization of sanctioned limits should be 60%. In case of quarterly average utilization of sanction limit is less than 60% of the sanction limit, interest in the account will be charged on minimum 60% of sanctioned limits on quarterly basis.
21	Mortgage Creation Charges	Per borrowing entity with FB+NFB limits of Up to Rs 10.00 Lakhs: Rs 500/- per Lakh Above Rs 10.00 Lakhs & upto Rs 50.00 lacs: Rs 5,000/- Above Rs 50.00 Lakhs & upto Rs 100.00 Lakhs: Rs10,000/- Above Rs 100.00 Lakhs: Rs 15,000/- Mortgage creation charges as mentioned above will be recovered separately for Retail Loans, except Education Loans and Home Loans/ Home Improvement Loan and Top-up Loan.The charge specified is applicable per instance irrespective of the number of title deeds. The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also. The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.

Digital Banking Product Related Charges

Product

Particular

Service Charges

Service Charges through Digital Channels (excluding GST)

Service Charges through Branch (excluding GST) w.e.f. 20.06.2019

Internet Banking

EPFO online collection/ ESIC online collection

Rs 10/-

IRCTC online TICKET BOOKING

Rs 10/-

PASSWORD PRINTING (charges on regeneration only, free for new user)

Rs 25/- for Retail customer and Rs 50/- for Corporate customer

IMPS

New Slabs and Charges Amount in INR

( w.e.f. 07.06.2022)

Upto 1,000

2.50

1,001 – 25,000

5.00

25,001 – 1,00,000

7.50

10.00

1,00,001 - 2,00,000

15.00

20.00

2,00,001 – 5,00,000

20.00

25.00

NEFT

Revised w.e.f. 01.01.2020
Other than SB accounts

upto Rs 10,000/-

Rs 2.25

Rs 10,001/- to Rs 1,00,000/-

Rs 4.75

Rs 1,00,001/- to Rs 2 Lac/-

Rs 14.75

Above Rs 2 Lac

Rs 24.75

SB account -NIL

	Remittance of fund through RTGS (bob World Mobile Banking, Internet Banking)	SYSTEM	As per RBI guidelines
RTGS			A) On all RTGS Transactions (INWARD)----NIL
	As per RBI circular RBI/2011-12/166-DPSS(CO)RTGS No. 388/04/04/.002/2011-12 dated 05.09.2011		B) Outward charges
			Transaction slab	Rs. 2 Lacs to Rs. 5 Lacs	Above Rs. 5 Lacs
			Charges	Rs. 24.50	Rs. 49.50

Product	Particular		Charges
Product	Particular	System/ Manual	Charges through Digital Channels (excluding GST)	Charges through Branch (excluding GST)
BBPS	Customer convenience fee (CCF) is applicable for Bill payment services at BC Point (excluding DTH, credit card and LPG gas categories of billers)	System	Nil for digital transactions ₹ 2 + GST/- for Bill payment services at BC Point (excluding DTH, credit card and LPG gas categories of billers)	Not Applicable

National E-toll Collection

Tag Issuance Fee

Rs. 100 + GST

National E-toll Collection

Tag Replacement Charge

Rs. 100 + GST

NACH

Return Charges

Mandate Charges

Return Charges - Rs 250/- w.e.f. 01.10.2019

Mandate - Rs 100/-

Self Service Pass Book Printer

Duplicate Passbook Issuance Charges

Rs 100/-

Product	Particulars	Service Charges (in Rs.) (Exclusive of GST)
Debit Card Annual Fees	RuPay Classic (Non Personalised / Personalised)	1st Year Free & Second Year onwards Rs 200/- (w.e.f. 08.08.2022)
	Visa Classic (Non Personalised / Personalised)
	Master Card Classic (Personalised)
	RuPay Platinum (Non-Personalised / Personalised)	1st Year Free & Second Year onwards Rs 300/- (w.e.f. 08.08.2022)
	Visa Platinum (Non Personalised / Personalised)
	Master Card platinum (Personalised)
	RuPay Select	1st Year Free & Second Year onwards Rs 500/- (w.e.f. 08.08.2022)
	Baroda VISA Vyapaar Business Card	1st Year Free & Second Year onwards Rs 250/-
	RuPay PMJDY (Bhamashah / Samagra)	Government Sponsored Schemes - Fee Exempted
	RuPay KCC
	RuPay Mudra
Debit Card Issuance Fees	RuPay Classic (Non Personalised / Personalised)	Rs. 100/- (w.e.f. 08.07.2022)
	Visa Classic (Non Personalised / Personalised)
	Master Card Classic (Personalised)
	RuPay Platinum (Non-Personalised / Personalised)	Rs. 300/- (w.e.f. 08.07.2022)
	Visa Platinum (Non Personalised / Personalised)
	Master Card platinum (Personalised)
	Baroda VISA Vyapaar Business Card	NIL
	RuPay Select	Rs. 500/- (w.e.f. 08.07.2022)

Debit Card PIN Regeneration

RuPay Classic (Non Personalised/ Personalised)

Rs 50/- per regeneration

RuPay Platinum (Non-Personalised/Personalised)

RuPay Select debit card charges

Visa Classic (Non Personalised/ Personalised)

Visa Platinum (Non Personalised/ Personalised)

Master Card Classic (Personalised)

Master Card platinum (Personalised)

Mastercard world Radiance (Personalised)

RuPay PMJDY (Bhamashah/Samagra)

Government Sponsored Schemes - Fee Exempted

RuPay KCC

RuPay Mudra

Debit Card Other charges

Charge - slip retrieval charges

Rs 400/- per retrieval.

IRCTC online TICKET BOOKING

Rs 10/-

Card Replacement (Master /Visa/Rupay/Visa Vyapaar Business Card)

Rs 200/-

ATM

Number of Free OFFUS transactions (Including Non Financial Transactions)

Metro ATM-3, Non Metro-5

ATM charges after free OFFUS transactions

For Financial Transaction

Rs.21/- per transaction (w.e.f. 01-01-2022)

For Non – Financial Transaction

Rs.11/- per transaction (w.e.f. 01-01-2022)

ATM charges after free ON-US transactions {5 free transactions on BOB ATM (Financial +Non-Financial)}

For Financial Transactions

Rs10/- per transaction (w.e.f. 01.06.2022)

For Non – Financial Transaction

Rs 05/- per transaction (w.e.f. 01.06.2022)

Debit card Decline Penalty

Fee/Penalty for decline of Debit Card Trasnactions due to insufficient fund in the account (ONUS & OFFUS Transactions)

(w.e.f- 01.08.2020)
Rs.20/- per declined transaction. (BSBD Accounts-Fee/Penalty Exempted)

ATM International Usage Charges

Cash Withdrawal

For Classic variant : Rs 250/-
For Platinum variant : Rs 450/-

Balance Inquiry

Rs 30/-

Pre-paid Card

Gift Card -Issuance : For amount up to Rs 2,000/-

Rs 50/-

Gift Card -Issuance : For amount Rs 2,001/- Rs 10,000/-

Rs 100/-

Gift Card -Revalidation charges

Rs 100/-

Gift Card -Card Usage Charges (Per balance Inquiry)

Rs 10/-

Reloadable card: Issuance charges

Rs 100/-

Reloadable card-Revalidation charges

Rs 100/-

Reloadable card -Other Service charges

Rs 20/-

Travel Card Issuance fees - USD/GBP/EURO

Rs 150/-

Travel Card Stand by card fees - USD/GBP/EURO

Rs 150/-

Travel Card Re load fees - USD/GBP/EURO

Rs 55/-

Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) USD

USD 3.0

Travel Card- Replacement Card fee in case of lost/stolen card (post age extra) GBP

GBP 3.0

Travel Card- Replacement Card fee in case of lost/stolen card (postage extra) EURO

EUR 3.0

Travel Card- Chargeback fee USD

USD 2.0

Travel Card- Chargeback fee GBP

GBP 2.0

Travel Card- Chargeback fee EURO

EUR 2.0

Travel Card- ATM Withdrawal fee USD/GBP/EURO

0.9% of Transaction value

Travel Card- ATM Balance enquiry fee USD/GBP/EURO

USD 0.5 /GBP 0.5 /EURO 0.5

Travel Card- Refund of balance in the card account : USD/GBP/EURO

Balance will be refunded after deducting INR 250/- . Foreign Currency Conversion taxes extra as applicable.

Travel Card- Deduction on expired Card (EVERY 12MONTHS): USD/GBP/EURO

USD 5.0 /GBP 5.0 /EURO 5.0

Travel Card- Inactivity Fee (card not used for 180 days): USD/GBP/EURO

USD 5.0 /GBP 5.0 /EURO 5.0

Travel Card- Card sent by other Bank(If left behind at other bank's ATM or POS): USD/GBP/EURO

USD 15.0 /GBP 15.0 /EURO 15.0

Travel Card- New ATM Pin (sent to registered email ID): USD/GBP/EURO

USD 1.5 /GBP 1.5 /EURO 1.5

Travel Card- Usage(Cross Currency):

3% of transaction value

Travel Card- Revalidation Fee (USD/GBP/EUR)

USD 3.0 /GBP 3.0 /EURO 3.0

Cash Disbursement Fee/Cash-at-POS

0.9% of Transaction value

SMS Alerts Charges

Type of Account

Existing Charges

Revised Charges

Savings Account

Rs.15+GST on Quarterly basis

20 Paisa/SMS+GST with a cap of Rs.15+GST per month.

(Charges will be debited in every succeeding month)

The revised SMS charges will be collected on a monthly basis from the eligible customers effective from the month of January 2023 onwards

Current / Overdraft / Cash Credit Accounts

Rs.25+GST on Quarterly basis

Agriculture and Advances

Sr. No.

Area of Banking Service

service Charges
(Excluding GST)

Processing Charges for Agriculture

For Working Capital (Fresh/Review)
Fund Based:
Above Rs 3 lacs to Rs 10 Lacs - Rs 250/- Lac or part thereof +GST
Above Rs 10 Lacs– Rs 350/lac or part thereof maximum Rs 35.00 Lacs (For exporters Rs 17.50 Lacs)

Non Fund Based:
50% of charges Applicable for Fund Based Limit (Cap for Priority Sector Rs 17.50 lacs and for exporters Rs 7.50 lacs

For Term Loan (Fresh)
Above Rs 3 Lacs - DL/TL 1% of the limit sanctioned with a maximum of Rs100 lacs (Cap for exporter- Rs 50 lacs)

For Term Loan (Review)
Above Rs 3 Lacs – Rs 60 per lac or part thereof with No Cap

Note: Please note that any specific scheme related charges which is mentioned in the scheme specific circular remain in force and above charges are not applicable in those specific schemes of agriculture.

Inspection charges for Agricultural Advances

Above Rs 3 lacs to Rs 10 Lacs - Rs 250
Above Rs 10 Lacs to Rs 1 Crore – Rs 1000
Above Rs 1 Crore – Rs 5000

In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered

Inspection Charges for crop loan

Above Rs 3 lacs to Rs 10 Lacs - Rs 250
Above Rs 10 Lacs to Rs 1 Crore – Rs 500
Above Rs 1 Crore – Rs 1000

In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered

Demat Charges

Sr. No.	Area of Banking Service	Revised service Charges w.e.f. 01.09.2024 (Excluding GST)
1	A/c Opening Charges	NIL
2	DEMAT Annual Maintenance Charges	General Customer: For Individuals - First year free for new accounts From second year onwards ₹500/- p.a. For Non-individual - ₹700/- BSDA customers: For Individuals - First year free for new accounts Thereafter no AMC to be levied if the value of holding is up to ₹4,00,000/- AMC will be charged at ₹100/- plus GST only for the value of holding from ₹4,00,001/- up to ₹10,00,000/-.
3	Dematerlisation of shares	Rs 5.00 per certificate with minimum of Rs 50/- plus actual postage plus
4	Re-materlisation	NSDL Demat Account : Rs 10/- plus actual postage for every hundred securities or part thereof subject to maximum fee of Rs 5,00,000/- or a flat fee of Rs 10/- per certificate whichever is higher for NSDL Demat accounts. CDSL Demat Account : Rs 30/- plus per actual postage per ISIN
5	Transaction Charges	General Customers : 0.04% of market value subject to minimum Rs 20/- per transaction. For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs 20/- plus per transaction. BCML customers : Transaction charges at Rs 15/- plus per debit transactions
6	KYC registering Agency Charges (KRA charges)	KRA charges @ Rs 40/- plus actual postage for new KYC data to be uploaded. KRA charges @ Rs 40/- plus per download will be applied. For modifications in KRA of the existing clients KRA charges @ Rs 30/- plus GST plus actual postage
7	Pledge Creation	Rs 100/- per ISIN per request
8	Pledge Creation confirmation	Rs 100/- per ISIN per request
9	Pledge Closure	NIL
10	Pledge Closure Confirmation	NIL
11	Pledge Invocation	Rs 100/- per ISIN per request
12	Failed instruction Charges	Nil
13	Other Charges	• Additional A/c statement Rs 20/- per request. • Sign verification or any other certificate & freeze / unfreeze Rs 50/- plus per request. • One DIS booklet of 10 leaves free of cost at the time of A/c opening and thereafter subsequent DIS will be issued @ Rs 20/- per booklet of 10 leaves for General Customer. • Two DIS slips only will be issued at the time of account opening to BSDA customer. • Change of Address/ECS Rs 30/- plus per request.
14	Overdue Charges	Interest @13% p.a. will be payable for payment of service charges after due date
15	Transfer of Securities from one DP to another DP consequent to account closure	Consequent to closure of account, no charges to be levied, when Beneficiary Owner (BO) transfers all the securities lying in this account to another Branch of the same DP or to DP of the same depository or another depository, provided the BO Accounts at transferee DP and at transferor DP are one and the same i.e. Identical in all respects.
16	Other Terms & Conditions	a. Refund of AMC on closure of Demat account will be on quarterly basis( e.g. if account is closed in the month of July, refund of AMC will be applicable for remaining two quarters i.e. December & March of the financial year. b. The service’s not listed above will be charged separately. c. All the above charges are applicable uniformly to individuals. Non-individual except that AMC are different for individuals and Non –Individuals. d. The charges are subject to revision from time to time at Bank’s discretion.
17	Statutory Charges at the time of Account Opening	Nil
18	Advance / Deposit	Nil

POS CHARGES

Sr. No.		Area of Banking Service	Revised service Charges (Excluding GST) w.e.f. 20.06.2019
1	Installation chrgs		NIL
2	Monthly charges		BOBCARDS Services: QR Code: Rs 100 M-POS: Rs 250 POS: Rs 475 Third Party Services: a) Sole acquiring: PSTN: Rs 450 DGPRS (without battery): Rs 600 GPRS (without battery): Rs 700 b) Multi acquiring: DGPRS (without battery): Rs 450 GPRS (without battery): Rs 500
3	MDR		0
4	Debit card		0
	Txn upto 1000		NIL
	from 1000 to 2000		NIL
	above 2000		0.90%
5	Credit card		0
	Standard (for all credit card & International Debit Card)		1.99%
	premium		1.99%
	super premium		1.99%
	Diners & Discover Cards		3%
6	Security Deposit		1) GPRS Fixed/Wireless/ PC POS -Rs 10000/- 2) PSTN: Rs 6000/-
7	Copy of Charge Slip		0
8	Mark Up for International Txn		0

Advances (Large Corporate/ C& IC) including Trade ,Forex and Remittances

Sr No

Description

Service Charges (Excl. GST) w.e.f. 03.05.2024

(A) Processing charges for FB & NFB Working Capital Loan

FB & NFB Working Capital

Rating based- As below based on long term rating

AAA: 0.15%

AA Family: 0.35%

A family: 0.50%

BBB+ or BBB :0.75%

BBB minus: 1%

BB +: 1.25%

BB and below / unrated: 1.50%

For exporters rated A minus and above 25% concession from the above rates. The current definition of “Exporters” will continue as it is.

These service charges are in general except otherwise mentioned in any other special scheme applicable from time to time.

These charges to be levied annually at date of renewal and charges to be revised downwards (due to upgrade in the rating during the year), only at the time of annual renewal.

(B) Processing charges for DL/TL/DPG/Corp Loan (loans above 1 year)

for Term Loan under Hybrid Annuity Model (HAM) under Public Private

Partnership (PPP)

(Fresh/Additional Limit)

Rating based- As below based on long term rating

AAA: 0.50%

AA family: 0.75%

A family: 1.0%

BBB+ and BBB :1.25%

BBB minus: 1.50%

BB and below / Unrated: 2.00%

For Unrated accounts: Initial processing fees will be taken as per table above, basis the committed rating by the borrower

Standard time of 90 days will be given to the client for rating above mentioned fee and charges will be charged on committed rating by the borrower

For unrated account, the HIGHEST CARD rate will be effective if the time allowed for obtaining the External Rating is breached and extension of timeline not taken before time.

The above rates are for loans above 3 years door to door tenure. For loans with door-to-door tenure below 3 years, card rates will be 0.25% lower than all above-mentioned rates.

In case of Term Loan under Hybrid Annuity Model (HAM) under Public Private Partnership (PPP) the External Rating of Sponsor of SPV will be considered to determine processing fees. Within 3 months from date of 1st disbursement the ratings of the SPV to be obtained and should be minimum BBB In case if rating is below BBB, then 0.25% additional processing charges to be charged over and above the fee slab for received ratings.

Real Estate Advances

2% of the limit without cap

Real Estate Advances under Future Rent Receivables

Scheme (Greater than Rs. 20 Cr)

2% of the limit without cap

(D) Review/Annual Review of short Term loan /DL/Corporate Loan/TL/DPG

A and above 0.10%

BBB family 0.15%

BB+ and below 0.20%

(E) Processing charges for giving agreement in principle in respect of advances account.

Upto Rs.100 Cr. – Rs. 5 Lakhs

Above Rs. 100 Cr. To Rs. 500 Cr. – Rs. 10 Lakhs

Above Rs. 500 Cr. – Rs. 20 Lakhs

(F) Commitment Charges (Fund based & Non Fund Based working capital facilities)

Commitment Charges (Average of Fund based + Non-Fund Based facilities)

QIS submission to be done as per prevailing RBI guidelines.

1.If the average utilization during the quarter is more than 75% of the Limits	No Charges
2. if the average utilization during the quarter is between 50 – 75% of the Limits	0.50% p.a. to be recovered on entire un utilized portion on Quarterly Basis
3. if the average utilization during the quarter is less than 50% of the Limits	1.00% p.a. to be recovered on entire un utilized portion on Quarterly Basis

At the time of closure of accounts, the commitment charges to be recovered on a proportionate basis.

Documentation Charges

0.10% in addition to actual expenses incurred, with a cap of INR 5 lakhs

No documentation charges for LABOD/OD against bank’s own deposits, Loan against NSC, KVP, Govt. Securities & loan to staff members and to CPSUs and SPSUs.

The above charges are in addition to all actual charges of Security trustee etc.

Note: When to be charged

New sanctions (Entire fund-based limits including DPG, Usance LC an Financial Guarantees) At the time of obtaining the set of documents before disbursement.

Review of a/c with existing limits No charge if no fresh / additional documents are obtained.

Review with increased limits

For the entire amount of reviewed limit.

Ad-hoc limits - At the time of taking documents for ad-hoc limits.

Obtaining LAD - No Charges

Other Conditions: a) In respect of fresh sanctions / new accounts branches should invariably recover the charges as above in cash or debiting account.

For issuance of No Objection Certificate or C.P.: Rs. 50,000/- per occasion (no levy where Bank recovers issuing & paying agent charges as IPA).

Charges for carrying out inspection of securities charged to the bank (for other than retail loans)

For accounts with limits upto Rs.10 Cr: No Change (existing charges to be continued)

For accounts with limits of Above Rs.10 Cr: Rs.10,000+GST per location with a cap of Rs.2,00,000/-+GST per annum for all locations put together. In addition, actual conveyance and out of pocket expenses to be recovered.

For accounts where Agencies for Specialized Monitoring (ASM’s) have been appointed: Flat Rs.25,000/- per annum + GST (irrespective of number of locations).

Bills purchased/ Discounted or advances there against –Exchange / Commission

For cheques/ bills

a) On instruments drawn on our Branches / other Banks where we have branches: Exchange @ 35paise%. plus, Collection charges

b) For instruments drawn on other Banks where we do not have branches: Exchange @77 Paisa % Plus collection charges

Note: The above covers interest for 10 days for (a) & 14 days for (b).

a) On cheques/ bills returned unpaid penal interest

@ 2% +(1-year MCLR + 6.50%) p.a. from 11th/15th day of purchase as the case may be till the date of reimbursement.

b) Overdue interest to be charged @ 2% over the applicable rate (document rate) on cheques/bills from 11th/15th day of the case may be.

NOTES

· Usual collection charges as applicable for the respective slab i.e. Section II-1 in case of cheques and Section II-3 in case of supply / purchase bills are to be levied in all cases in addition to interest.

· Collecting Banks’ charges, if any, should be recovered in full.

· When the bills are tendered for discount under the Bills Rediscounting scheme, besides collecting the discount at the prevailing rates, normal service charges like actual conveyance and actual out of pocket expenses reimbursed etc in sending the bills to SIDBI/IDBI also to be collected.

· “Date of actual reimbursement” means:

Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.

Where Bills are sent to other Banks or where instruments are returned unpaid, the date of reversal of the B.P. entry at the purchasing branch.

Change of original instruction in respect of Bills Purchase discounted – Rs. 50/- per request.

Mentioned rates are also applicable to all segments. (HO:BR:111:203 dated 29.07.2019)

Providing Credit opinion (including opinion & introduction)

INR 50,000

USD 125 in respect of foreign banks

Other Credit related Areas Allowing interchangeability within fund based limits, within non-fund based facilities and between fund based and non-fund based limits.

Nil

(Since covered under modification charges)

Issuing of NOC of all types like granting NOC for ceding parri passu charge, exclusive charge,2nd charge etc. (Not applicable in case of NOC / Exchange of parri passu letter in consortium accounts.)

Limit of up to 10 Cr. – Rs.50,000

Limits of above Rs. 10 Cr to Rs. 50 Cr. – Rs. 2,00,000

Limit of above Rs.50 Cr. – Rs. 2,50,000

Fee for opening /operating Escrow / TRA A/Cs. (Trust & Retention A/c.)

Our share in limits:

Upto Rs. 5 cr. – Rs. 1 Lakh

Above Rs. 5 cr and upto Rs. 10 cr. – Rs. 2 Lac

Above Rs. 10 Cr. – Rs. 5 Lakh

The captioned charges are applicable for opening/ pertaining ESCROW/ TRA A/Cs (Trust & Retention A/C) to be recovered per annum. Periodicity of collection of above fees is annual.

(A) Charges for TEV study (when report is not shared with the customer)

Project cost:

Up to Rs. 15 Crs.

TEV study by bank – Rs. 1 Lakh

TEV study by Consultant – Consultant fee + Rs. 25000

> Rs. 15 cr and up to Rs. 300 cr - 0.05% of project cost – Min. Rs. 2 Lakh

> Rs. 300 Cr (Where TEV study is done by PFD)

Fees to be decided on a Case-to-case basis

(B) TEV Study (When report is shared with the customer)

Project Cost:

Up to Rs. 15 Cr: -

TEV Study by bank- Rs. 3 Lakh

By consultant—Consultant fee + Rs. 25000

>Rs. 15 Cr and up to Rs. 300 Cr.- 0.15% of project cost

>Rs. 300 Cr – TEV Study by PFD- case to case basis.

(Consultant fee ceiling to be fixed by the authority , who approves empanelment of consultants)

"Vetting of TEV Reports:

Where project cost > Rs. 300 cr. – Rs. 50000

Waiver of TEV Study:

(Wherever TEV study is waived by the competent authority)

Upto Project cost Rs. 5 cr. – Nil

Above Rs. 5 cr. – Rs. 50000 (charges to be recovered in addition to usual proc. Charges for addl. Risk taken by the Bank)

All “out of pocket expenses” in addition to the TEV study charges are to be borne by the borrowers."

Mortgage Creation Charges

(Other than retail and Priority sector)

Per borrowing entity with FB+NFB limits of

Up to Rs 25 crores- Rs. 25,000/-

Above Rs. 25 Crore till Rs 100 crores - Rs. 100,000/-

Above Rs 100 crores- Rs 2,00,000/-

In addition to the actual expenses

The charge specified is applicable per instance irrespective of the number of title deeds.

The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.

The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.

Prepayment charges on Term Loan / Demand Loan / Working Capital Demand Loan

At the rate of 2% p.a. on the balance amount of loan and for the residual period of prepayment except Retail Loan including Loan against Future Rent Receivables/Staff Loans.

Modification Charges

Minimum Rs.50,000 or 0.05% of the sanctioned limit subject to a maximum charge of Rs. 10 lacs (exclusive of GST).

Illustrative instances of Modification at the request of the borrower where this charge will be levied: -

Substitution of Collateral

Interchangeability of limits

Release/ Substitution of Personal Guarantee/Collateral Security

Change in Project/ items of machinery

Ceding of charges on Assets

Rephasement of Loans/ Deferment of Loan instalments

Approvals for mergers & amalgamations

Modification in Rate of Interest

Any other miscellaneous credit related approvals

Revalidation of Sanction

Working Capital - 50% of the applicable processing charges without Cap

Term Loan - 30% of the applicable upfront charges without Cap

Not applicable for Export Finance.

Lead Bank charges as Leader of Consortium on total assessed limits

0.25% of the aggregate of Fund Based and Non-Fund Based, subject to a minimum of Rs. 15 lakhs and maximum of Rs. 50 lakhs.

This will be in addition to the processing charges

Charges for copy of the documents for submission to any statutory authority

Actual photocopying charges + Rs.2000/- + Out of pocket expenses

Charges if presence of bank official is required along with the documents for photo copies

Actual photocopying charges + Rs. 5000/- + Out of pocket expenses.

Charges for cancellation of Bank’s lien on Government Securities / LIC Policies on closure of the Loan

1. Within one month from the date of closure of the loan: at the rate of Rs. 100/- per instrument + Out of pocket expenses

2. After one month from the date of closure of the loan: at the rate of Rs. 200/- per instrument + Out of pocket expenses

Processing charges for interest concession proposals

Up to 50 Cr:- Rs. 1,00,000 + GST

Above 50 crores and up to 100 crores:- Rs. 2,50,000+ GST

Above 100 crores – Rs 5,00,000 + GST

Holding of consortium meeting

For Holding meeting: Rs.25,000 + Actual expenses for each meeting

Additional Clarifications

Any deviation upwards or downwards from these rates will be at the discretion of the bank.

All the charges are exclusive of applicable taxes from time to time.

These service charges are subject to changes as per bank’s internal policy from time to time.

If long term rating of a company is not available then equivalent short-term rating to be considered for all the charges

Foreign Trade Finance (C&IC) Charges

Sr No

Area of Banking Service

Service Charges

For establishing an Import Letter of Credit/ Revolving Letter of Credit/ Letter of Credit covering imports of goods on deferred payment terms/ Back-to-Back letter of credit and Reinstatement charges (upon the reinstatement under a Revolving letter of Credit)

In case of a Letter of Credit established against 100% cash deposit as Security.

Sight

For corporate rated A minus and above –

0.35% for the first quarter

0.15% p.m. thereafter

For corporate rated BBB plus and below –

0.60% for the first quarter

0.20% p.m. thereafter

Usance

For Import LC amount upto INR 5.00 crore commission

External Rating	LC % commission (p.a.)
AAA and Fully Government Guaranteed (CPSU and SPSU)	0.80%
AA family	1.10%
A family	1.30%
BBB plus and BBB	1.60%
BB and below/ Unrated	2.50%

For Import LC amount above INR 5.00 crore commission

External Rating	LC % commission (p.a.)
AAA and Fully Government Guaranteed (CPSU and SPSU)	0.40 %
AA family	0.50 %
A family	0.60 %
BBB plus and BBB	0.75%
BBB minus	1.00 %
BB and below/Unrated	1.50 %

Note: Minimum charges for Sight and Usance LC is Rs.5000/-

Note: In case of Import L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.

For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, equivalent short term rating to be used for arriving at appropriate Commission.

Extension of validity of LC

Rs.2000/- per amendment plus charges applicable as per over and above LC Charges

In case of enhancement of value of credit

Rs.2000.00 per amendment
In case of enhancement of the value of a letter of credit, charges over and above LC Charges for establishing a letter of credit shall be recovered for the additional amount, for the remaining period.
In case of both enhance of value of Credit and extension of validity for a particular LC at a time, amendment charges will be recovered for one event. Other charges shall be recovered as per norms.

In case of amendment extending the tenor of the Bills of Exchange

Rs.2000.00 amendment charges In the case of amendment altering the tenor of the Bill of Exchange, additional charges above LC Charges shall be collected on the outstanding liability under the LC

Amendment other than extension of validity or enhancement of tenor of the bill of exchange

Rs.2000.00 per amendment

For revival of expired LCs within 3 months for the date of expiry

Any revival or reinstatement of an expired LC shall be at the option of the bank but within 3 months from the date of expiry and shall be subject to recovery of above LC Charges plus Rs.2000.00, from the date of expiry upto the validity period of the revival Letter of Credit.

LC Amount	% per quarter
Upto 1 crore	0.25
>1 crore upto 5 crore	0.18
>5 crore	0.10

If the validity period of a Letter of Credit covering import on deferred payment terms is extended.

Flat amendment commission of Rs. 2000/-, However, for any amendment extending the validity of the letter of Credit beyond 3-month period, commission at the applicable rate shall be recovered.

Amendment Enhancement

When the amount of an import letter of credit covering import on deferred payment terms is enhanced, commission at the applicable rate shall be recovered on the amount so enhanced. Plus Rs.2000.00.

Providing opinion reports to foreign banks, on our customers.

USD 500 per opinion to be recovered from foreign bank

Shipping Guarantee for clearance of goods pending production of bill of lading.
a. Relating to imports under LCs opened by the banks
b. In all other cases

Documents under LC:

· Flat Rs. 2000.00 per Shipping Guarantee

In all other cases:

· 0.10% p.m. for the period of guarantee, Minimum Rs. 2000.00

Foreign currency Import bills under LC at the time of crystallization or retirement whichever is earlier
( where exchange benefit accrues)

0.125% of the bill amount-
Minimum of Rs. 2000.00 –

Maximum Rs. 25000.00

Foreign currency bills under LC where no exchange benefit accrues

0.25% of the bill amount.
Minimum of Rs. 2000.00 –

Maximum Rs. 30000.00

Discrepancy charges in case of non-confirming documents under LC

USD 100, EUR 100, GBP 100, JPY 10000 for LCs issued in USD, EUR, GBP and JPY; respectively. For all other currencies equivalent to USD 100.

Import bill (not under LC) drawn in foreign currency on which bank earns exchange benefit.

0.15% of the bill amount.
Minimum of Rs. 2000.00 –

Maximum of Rs. 25000.00

Import bill (not under LC) drawn in rupees and in foreign currency on which bank earns no exchange benefit.

0.30% of the bill amount.
Minimum of Rs. 2000.00 –

Maximum of Rs. 50000.00

For foreign currency import bill required to be forwarded to another bank required for remitting proceeds to the remitting bank abroad

Rs. 2000.00 per bill as handling charges

For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where exchange benefit accrues to the bank

0.125% of the bill amount.
Minimum of Rs. 2000.00 –

Maximum of Rs. 10000.00

For each bill received by importer directly from the overseas exporter/bank at the time of effecting remittance.
Where no exchange benefit accrues to the bank

0.20% of the bill amount.
Minimum of Rs. 2000.00 –

Maximum of Rs. 25000.00

To be charged as applicable on import bills as per point nos 15,16,18,19

Issuance of Delivery Order pending receipt of Import Bill (document not under LC)

Rs. 1000.00 per delivery order.

Advance remittance against imports Where exchange benefit accrues to the bank

0.15% of the remittance amount.
Minimum of Rs. 500.00 - Maximum of Rs. 10000.00

Advance remittance against imports Where no exchange benefit accrues to the bank

0.20% of the remittance amount.
Minimum of Rs. 1000.00 - Maximum of Rs. 15000.00

Net off/Set off of import bills against export of goods. Other than these charges, no Import Bill collection charges to be recovered.

Rs. 2000.00 per bill.

Custody charges for overdue import bills

Rs. 2,000.00 per bill per quarter or part thereof, after the due date.
(Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)

Follow up for submission of BOE

· Advance remittance for Import - Rs. 2000.00 if the BOE is not submitted within 180 days from the date of last remittance.

· Payment against Import Bill- Rs.2000 per bill of entry if not submitted within 90 days from the date of remittance. (Charges to be recovered at the time of submission of Bill of Entry)

Merchanting trade transactions for Import transaction
(Other than applicable charges for import bill i.e. collection charges, overdue charges, etc.)

Flat INR 3000 Per Import Bill.

Counter signing/ Co-acceptance/ Availisation of Import bills

0.085% per month for the tenor of bills subject to minimum of 0.25%.

Recovery of commission in lieu of exchange on import bills payment of which are settled out of foreign currency loans arranged abroad, foreign currency accounts and EEFC accounts

Export performance guarantees (covering exports & project exports) which include:

1. Bid-bond

2. Bond for earnest money

3. Guarantee for advance payment made by foreign buyers to Indian exporters/contractors

1. Performance Guarantee (Min Comm: Rs.1500)

Rating	BG up to 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	0.80	0.90
AA/A1	0.95	1.05
A/A2	1.20	1.30
BBB/A3	1.60	1.70
BB and below/ A4 and Below / Unrated	1.90	2.00

2. Financial Guarantee (Min Comm: Rs.1500)

Rating	BG up to 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.00	1.10
AA/A1	1.15	1.25
A/A2	1.40	1.50
BBB/A3	2.10	2.20
BB and below/ A4 and Below / Unrated	2.40	2.50

· Note:

a. In case of guarantee by ECGC Ltd. the applicable commission (on the covered portion) shall be 50% of the Card Rate and in case of Counter guarantee by GoI, the applicable commission (on the covered portion) shall be 25% of the Card Rate.

b. In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.

c. In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.

For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (up to 1 year), short term rating to be used for arriving at appropriate Commission.

Deferred Payment Guarantees covering import of goods into India/repayment of foreign currency loans & All other guarantees (including Stand by Letter of Credit - other than that for trade credit)

1) Performance Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.00	1.10
AA/A1	1.20	1.30
A/A2	1.50	1.60
BBB/A3	2.00	2.10
BB and below/ A4 and Below / Unrated	2.40	2.50

2) Financial Guarantee (Min Comm: Rs.1500)

Rating	BG upto 3 years (% p.a.)	BG above 3 years (% p.a.)
AAA/A1+	1.25	1.35
AA/A1	1.45	1.55
A/A2	1.75	1.85
BBB/A3	2.65	2.75
BB and below/ A4 and Below / Unrated	3.00	3.10

i. In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
ii. In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.

For Long tenor BGs (more than 1 year), Long term rating to be used for arriving at appropriate Commission. For short tenor BGs (upto 1 year), short term rating to be used for arriving at appropriate Commission

Advising of Guarantee

Rs.1000 per advising

Enhancement of Value/ Extension of Tenor of the Guarantee

Applicable charges as per 30 & 31.

Guarantees issued against 100% cash margin/ 100% counter guarantee of the GOI

25% of the applicable charges as per point no 30 & 31.

Standby Letter of Credit against trade credits
From the date of opening of LC to last date of its validity including usance period.

Only Foreign Currency Denominated SBLC

Rating	upto 1 Year	above 1 year
AAA	0.60%	0.75%
AA family	0.75%	0.90%
A family	1.00%	1.25%
BBB+ or below- 0.50% additional charges

Overseas Direct Investment

Processing of ODI transaction including generation of UIN

Rs. 10000.00 per UIN. (one time charges)
In addition to this, charges for the remittance will be levied as applicable.

Foreign Direct Investment

Processing of (FCGPR, FCTR (to be taken at the time of first reporting to RBI like Annex 6)

· Rs. 10000.00 (one time charges- where funds have been received by Bank of Baroda)

· Rs. 25000.00 (one time charges- where funds have been received by other banks)

In addition to this, charges for the remittance will be levied as applicable.

Project Export Approvals

Approval for Project Exports

Rs. 5000.00 per project. (one time charges) at the time of granting approval.
In addition to this, charges for the remittance will be levied as applicable.

External Commercial Borrowing

ECB (Form 83 Scrutiny)

Rs. 5000.00 per LRN. (one time charges) where loan is arranged from Bank of Baroda

Rs. 10000.00 per LRN (one time charges) where loan is arranged from other sources/banks.

In addition to this, charges for the remittance will be levied as applicable.

Establishing Warehouses/ Setting up Liaison/ Branch Offices

Setting up liaison/branch offices in India

Rs. 10000.00 per request

Establishing warehouses/ offices abroad

Rs. 10000.00 per request

Opening of accounts abroad

Rs.5000.00 per request

Forward Contracts

Charges for Booking of forward contracts

Rs. 500.00 per contract

Charges for Early Delivery/Extension of Forward Contracts Including NRIs) Cancellation of forward contract

Rs.500/- plus swap cost and cancellation charges, wherever applicable.

Booking of forward sale contract in respect of import bills drawn under letter of credit opened by another bank. (Where an importer has arranged for fixation of a forward contract with a bank other than the one through whom the letter of credit has been opened).

0.15% commission in lieu of exchange in addition to swap cost and interest from the date of negotiation till the date of credit of proceeds in the Bank’s Nostro a/c (min Rs. 1000.00)

Miscellaneous Charges

Swift Charge

Rs. 500.00 for every SWIFT message

Courier Charges

Dispatches outside India - Rs. 1200.00 per document
Dispatches within India - Rs. 250.00 per document

Processing of applications /representation to RBI

Rs. 2000.00 per application/representation (Other than MTT) Rs.5000 per application/representation for MTT

Issuance of NOC for permitted cases in respect of capital account transactions

Rs.5000.00 per NOC

Transfer of existing UIN/LRN to other AD

Rs. 5000.00 per transfer

Non submission of APR/ proof of ODI/FCGPR/FCTRS/ARF/ Project Export progress report

Rs. 2500.00 on a half yearly basis

General Notes:

· In addition, any other out of pocket expenses incurred by the Bank will be recovered at actual.

· All above charges are exclusive of SWIFT and courier charges. SWIFT/ Courier charges as mentioned above will be additional charged wherever applicable.

· All above charges are exclusive of GST and applicable GST will be charged extra.

· GST applicable on foreign currency exchanged - as below: (as applicable from time to time)

Amount of Currency Exchanged	GST Rates	Minimum GST	Maximum GST
Up to INR 1.00 lakh	0.18% of currency exchanged	Rs. 45.00	Rs. 180.00
Between INR 1.00 lakh and up to INR 10.00 lakhs	INR 180.00 + 0.09% of the currency exchanged	Rs. 180.00	Rs. 990.00
Above INR 10.00 lakhs	INR 990.00 + 0.018% of the currency exchanged	Rs. 990.00	Rs. 10800.00

· Stamp duty charges applicable in the respective states as per government regulations from time to time will be recovered wherever applicable.

· 100% waiver of charges on personal Inward and Outward remittances (excluding trade related transactions) be allowed in respect of existing Staff Members/ Honourably Retired Employees of our bank. Out of pocket expenses i.e. postage/courier/SWIFT/taxes etc.; if any are to be recovered on actual basis.

· The above schedule of charges will only apply in cases where specific customer level pricing approval/sanction is not in place.

Inland Trade Finance Related Charges

Inland L/C

· Sight: For corporate rated A minus and above

a. 0.50% for the first 30 days

b. 0.15% p.m. thereafter

· For corporate rated BBB plus and below –

a. 1.00 % for the first 30 days

b. 0.30% p.m. thereafter

· Usance:

· For LC amount upto INR 5.00 crore commission

External Rating	LC % commission (p.a.)
AAA and Fully Government Guaranteed (CPSU and SPSU)	0.80%
AA family	1.00%
A family	1.25%
BBB plus and BBB	1.50%
BBB minus	1.75%
BB and below/ Unrated	2.40%

· For LC amount above INR 5.00 crore commission

External Rating	LC % commission (p.a.)
AAA and Fully Government Guaranteed (CPSU and SPSU)	0.40 %
AA family	0.50 %
A family	0.75%
BBB Plus and BBB	1.00 %
BBB minus	1.25 %
BB and below/ Unrated	1.50 %

•Note:

a. Minimum charges for Sight and Usance LC is Rs.5000/-

b. In case of Inland L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.

c. For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, equivalent short-term rating to be used for arriving at appropriate Commission.

Inland Bill charges

Sr	Services	Service Charges
a	OBC collection charges	0.125 % Subject to Min. INR 500 & maximum INR 10,000.00 # Proposed Charges only for Purchase, Discount and Negotiation of Bills. For others remains unchanged.
b	IBC collection charges	0.125 % Subject to Min. INR 500 & maximum INR 10,000.00 # Proposed Charges only Bills presented under the Inland LC opened by us. For others remains unchanged.
c	Discrepancy Charges	0.15% Min. Rs. 500 & Max. Rs. 2000/-

Inland Guarantee

Performance Guarantee (Min Comm: Rs.5000)

Rating	Up to 3 years (% p.a.)	Above 3 years (% p.a.)
AAA Govt Gtee (CPSU and CPSU)	0.75	0.10% for each additional year (applicable since inception)
AA family	1.00
A family	1.50
BBB family	2.00	0.20% for each additional year (applicable since inception)
BB & Below & Unrated	2.40	0.20% for each additional year (applicable since inception)

Financial Guarantee (Min Comm: Rs.5000)

Rating	Up to 3 years (% p.a.)	Above 3 years (% p.a.)
AAA / Govt Gtee (CPSU and SPSU)	1.00	0.10% for each additional year (applicable since inception)
AA family	1.25
A family	1.75
BBB family	2.75	0.20% for each additional year (applicable since inception)
BB & Below & Unrated	3.00	0.20% for each additional year (applicable since inception)

The incremental charges for guarantees above 3 years will be applicable since inception of the Guarantee at the time of issue Eg: if a 5 year financial BG is issued for a “AAA / Govt Gtee (CPSU and SPSU)” corporate the applicable charges will be 1.20 % p.a. excl GST. Since inception.
In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
SFMS / SWIFT/ Courier of Rs.150 to be collected per guarantee.
Charges to be recovered for the period including claim period, if any at the time of issue.

In case of early redemption of guarantees after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded.

Other Charges

Sr	Services	Service Charges
A	Other Charges A) Advising LCs (only where LC opening Bank and advising Banks are different)	Rs.2,000
B	Confirmation of LC (only where LC opening Bank and confirming Bank are different)	For addition of confirmation, 0.20% p.m. for the period of validity and usance on the amount of LC
C	Transferable LCs	For each transfer Rs. 1000 (whether in full or part thereof) where usance drafts are to be accepted, acceptance commission @ 0.10% p.m. to be charged; Min. Rs. 1000
D	Negotiation charges	Rs. 2,000
e	Clean payments received under LC	Rs. 1000
f	Attestation of commercial invoices	· At the time of negotiation / collection - Nil · Each subsequent occasion - Rs. 100 per invoice
g	Guarantees due to discrepancies in documents	For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC

Exports

Bill purchased/discounted/negotiated

a. Foreign Currency Export Bill

· Bill amount below equivalent USD 25000.00 - Rs. 1000.00

· Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00

(Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)

b. Rupee Export Bill

· Bill amount below equivalent USD 25000.00 - Rs. 1000.00

· Bill amount equivalent to USD 25000.00 and above- Rs. 1500.00

(Additionally Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.)

Forwarding export documents to another bank due to reason such as LC being restricted to the latter or the LC have been confirmed by that bank.

Rs. 2000.00 per bill

Additionally, Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.

Where reimbursement under a Letter of Credit is claimed by the bank with another Authorized Dealer in India

Rs.1000.00 per claim

For each Export bill sent for Collection

· Bill amounts up to equivalent USD 5000.00 - Rs 250.00

· Bill amount equivalent to USD 5001.00 to USD 25000- Rs 750.00

· Bill amount beyond equivalent USD 25000.00 - 0.0625 % subject to maximum of Rs. 2000/-

Additionally, Rs. 100.00 per shipping bill to be charged if the more than one shipping bill is submitted under a single export bill.

Merchant trade transactions for Export transaction
(Other than applicable charges for Export bill i.e. collection charges, overdue charges, etc.)

Flat INR 3000 Per Export Bill.

· If the entire sets of export documents have been sent by the exporter directly to the overseas buyer after complying with Exchange Control formalities.

· For each export bill sent for collection by exporter against which advance payment already received

· Bill amounts up to equivalent USD 5000.00 - Rs 250.00

· Bill amount equivalent to USD 5001.00 to USD 25000- Rs 500.00

· Bill amount beyond equivalent USD 25000.00 - Rs 1200.00

Additionally, Rs. 100.00 per shipping bill to be charged if more than one shipping bill is submitted under a single export bill.

Advance Remittances against exports

Rs.200/- per remittance

Charges for issuance of export related certificates

Rs. 100.00 per certificate

Issuance of NOC for discounting export Bills with other bank

Rs. 1000.00 per bill

Net off/Set off of export bills against import of goods (For Per shipping Bill) Other than these charges, no Bill collection charges to be recovered.

Rs. 1000.00 per shipping bill.

Approval for extension of due date (Other than Applicable normal charges)

· Extension of due date up to 270 days from shipping bill date - Nil

Extension of due date beyond 270 days from shipping bill date - Rs.1000/- per extension

Issuance of GR waiver Certificate

Rs. 500.00 per certificate

Approval for write-off of export bills
(Other than overdue charges)

· Write-off of export bills against Bank charges- Nil

· Self-Write-off of export bill by exporter- Nil

Others- Rs.1000 per shipping bill

Late submission of documents (after 21 days from the date of shipment)
(Other than normal applicable charges for collection and overdue)

· Submission of documents beyond 30 days and up to 3 months - Rs.100 per shipping bill

Submission of documents beyond 3 months - Rs.500 per shipping bill

Crystallization charges for export bills purchased/discounted at the time of crystallization.

Rs. 1000.00 per bill

Advising Letter of Credit for the Our bank’s clients

Rs. 1000.00 per LC

Advising Letter of Credit for the other-Bank clients

Rs. 2000.00 per LC

Advising of Amendment for Our Bank’s clients

Rs. 600.00 per amendment

Advising of Amendment for Other-bank clients

Rs. 600.00 per amendment

LC confirmation charges where LC opened in favour of Indian Exporter

· Sight :

a. 0.25% for the first quarter

b. 0.15% p.m. thereafter (Min. Rs. 1500.00)

c. For LC amount exceeding INR 5.00 crore commission @ 0.50% per annum
(These charges i.e. @ 0.50% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore)

d. Charges will be calculated from the date of opening of LC to the date of expiry of LC.

· Usance:

a. 1.5% p.a. (Min. Rs. 2000.00)

b. For LC amount exceeding INR 5.00 crore commission @ 0.40% p.a.

c. Charges will be calculated from the date of opening of LC to the date of expiry of LC plus the usance period

d. (These charges i.e. @ 0.40% p.a. are applicable on the entire LC amount whenever the LC amount exceeds Rs. 5 crore)

Charges applied for actual number of days per annum basis.

Transfer of Letter of Credit

Rs. 1000.00 per transfer and subsequent amendment

In case of each overdue export bill, sent on collection where the proceeds are not received in NOSTRO account on or before the due date and in case of each overdue export bill purchased/discounted/negotiated/ and subsequently treated as collection item after crystallization.

Rs. 500.00 per bill on quarterly basis after the due date and upto the date of realization (Overdue charges will be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)

Follow-up of submission of export documents

against advance remittance

-Advance remittance received up to 31.12.2018—Nil

-Advance remittance received on or after 01.01.2019 - Rs.250 per

remittance per quarter after one year from the date of receipt of advance.

Not applicable for export orders to be executed on deferred terms.

(Charges to be recovered at the end of every quarter. However, pro rata charges to be taken in first quarter and in the quarter when bill is realized)

Outward Remittances other than Imports

Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where exchange benefit accrues to the bank

0.10% of the transaction amount. Minimum of Rs. 500.00 - Maximum Rs. 5000.00

Outward remittance in foreign currency for Non-individuals (other than advance payment against import) Where no exchange benefit accrues to the bank

0.25% of the transaction amount.
Minimum of Rs. 1000.00 - Maximum Rs. 10000.00

Issuance of Foreign Currency Demand Draft

For Individuals - Rs. 500.00 per draft
For Non-Individuals - 0.10% of the instrument amount (min. Rs. 500.00 - max. Rs. 5000.00) 0.25% for non-individual where exchange benefit does not accrue to the bank (min. Rs. 1000.00 - max. Rs 10000.00)

Cancellation of Demand Draft

Rs. 100.00 per draft

Issue of Foreign Currency Travellers Cheques commission

1% on rupee equivalent payable by the customer.

Where at the request of the beneficiary, foreign currency travelers cheques are issued by the Authorised Dealers against foreign currency remittances received from abroad.

0.25% (Min.Rs.200.00)

Payment of foreign currency draft by the drawee bank by issuing their own draft in the same currency in favour of the beneficiary bank with whom the relative foreign currency amount is to be deposited in a FCNR account.

Rs. 500.00 per draft

Inward Remittances other than Exports

Inward Remittances

Nil where proceeds are to be credited to our account.
In all other cases - Rs. 100.00

Commission on Clean Instruments sent for collection abroad

0.1% of the instrument amount (min. Rs. 250.00 - max. Rs. 5000.00)

Charges for dishonored of clean instruments sent on collection

0.1% of the instrument amount
(min. Rs. 250.00 - max. Rs. 2000.00)+ any cost/charges incurred by our correspondent

Encashment of TTs/ purchase of MTs/ DDs in respect of which cover has been received in NOSTRO accounts

NIL, since cover has been received in NOSTRO accounts.

Where the inward remittance has to be executed in foreign currency by issuing a demand draft/ mail transfer/ payment order/ telegraphic transfer commission shall be recovered from beneficiary/ beneficairy’s bank as the case may be.

0.1% min. Rs. 500.00 and max Rs. 5000.00

Additional Clarifications

Any deviation upwards or downwards from these rates will be at the discretion of the bank.

All the charges are exclusive of applicable taxes from time to time.

These service charges are subject to changes as per bank’s internal policy from time to time.

If long term rating of a company is not available then equivalent short-term rating to be considered for all the charges

Advances (MSME)

Annexure II - MSME

Sr. No

Description

Service Charges (excluding GST) w.e.f. 03.05.2024

(A) Processing charges for FB & NFB Working Capital Loan

Up to Rs. 25000: Nil

>25000 (Fresh/Review):- on the basis of Risk Rating as under-

BOB/CMR 1 - 0.20%

BOB/CMR 2- 0.20%

BOB/CMR 3- 0.30%

BOB/CMR 4- 0.30%

BOB/CMR 5- 0.35%

BOB/CMR 6- 0.40%

BOB/CMR 7 and below - 1.00%

Cap for Priority Sector Rs 35.00 Lakhs

Cap for Exporters Rs. 17.50 Lakhs

Other advances No cap

“With reference to Circular BCC:BR:113/647 dated 22.10.2021 CMR(CIBIL MSME rating) is required for MSME Borrower (Regulatory/Expanded) having aggregate limits above Rs. 25.00 lacs to Rs. 7.50 cr.”

(B) Processing charges for DL/TL/DPG/Corp Loan (loans above 1 year)

for Term Loan under Hybrid Annuity Model (HAM) under Public Private

Partnership (PPP)

Up to Rs. 25000: Nil

>Rs. 25000 (Fresh Sanction) up to Rs. 1 crore: 1% of limit Sanctioned

> Rs. 1 crore (Fresh) - On the basis of Risk Rating as under-

BOB/CMR 1 - 0.50%

BOB/CMR 2- 0.50%

BOB/CMR 3- 0.85%

BOB/CMR 4- 0.85%

BOB/CMR 5- 1.00%

BOB/CMR 6- 1.10%

BOB/CMR 7 and below - 2.00%

Cap for Priority Sector Rs 100.00 Lakhs

Cap for Exporters Rs. 50.00 Lakhs

Other advances No cap

Term Loan Review Charges - 0.10% without cap

Real Estate Advances
2% of the limit without cap

Real Estate Advances under Future Rent Receivables Scheme (Greater than Rs. 20 Cr)

2% of the limit without cap

(D) Review/Annual Review of short-Term loan /DL/Corporate Loan/TL/DPG

0.10% without Cap

(E) Processing charges for giving agreement in principle in respect of advances account.

Upto Rs 5 cr- Nil

Above Rs 5 cr to Rs 10 cr- Rs 1.5 lakh

Above Rs 10 Cr to Rs 25 cr.- Rs 3.5 lakh

Above Rs 25 Cr- Rs 5.00 lakh

(F) Commitment Charges (Fund based & Non Fund Based facilities)

Fund Based:

No commitment charges to be levied in case average utilization of limits are minimum 60% and above of limits on annual basis. Utilization shall be tested on annual basis as on year ending 31st March. However, if the average utilization of limits is below 60% during the financial year, commitment charges will be levied as under:

Parameters	Charges
For customers submitting QIS statements	@ 0.75% (exclusive of GST) for the balance un–utilized portion viz-a-viz 60% of limits.
For customers not submitting QISb statements	@ 0.50% (exclusive of GST) for the balance un–utilized portion viz-a-viz total limits.

Note: If the average utilisation of limits is 60% or above during the financial year, no commitment charges to be levied for both customers submitting QIS statements and customers not submitting QIS statements.
At the time of closure of accounts, the commitment charges should be recovered on a proportionate basis.

Non Fund Based:

Commitment charges will be levied in case of non-utilization / under-utilization of Non Fund based credit facilities with limits of Rs. 1 Crore and above @ 0.25% p.a for the unutilized portion.

Where average utilization is 60% and above of the limit or as indicated in QIS statement, no commitment charges to be recovered separately.

Documentation Charges

(Fund Based Only)

For Corporate accounts above Rs.1.00 Cr: 0.10% of limit with a maximum of Rs. 1,00,000/-

Providing Credit opinion (including opinion & introduction)

For Borrower Induced opinion request

Rs.500

$ 100 in respect of foreign banks

Other Credit related Areas Allowing interchangeability within fund based limits, within non-fund based facilities and between fund based and non-fund based limits.

between fund based and non-fund-based limits.

0.25% of interchangeable amount subject to min Rs.5,000 and Max Rs. 50,000/-

Issuing of NOC of all types like granting NOC for ceding parri passu charge, exclusive charge,2nd charge etc. (Not applicable in case of NOC / Exchange of parri passu letter in consortium accounts.)

Up to Rs.25.00 Lakhs: Rs.1,000

>25.00 Lacs to Rs.1.00 cr : Rs.10,000

> 1.00 Cr to 10.00 Cr: Rs.20,000

Above 10.00 Cr: Rs.50,000

Fee for opening /operating Escrow / TRA A/Cs. (Trust & Retention A/c.)

Our share in limits:
Upto Rs. 5 cr. – Rs. 1 Lakh
Above Rs. 5 cr and upto Rs. 10 cr. – Rs. 2 Lakh
Above Rs. 10 Cr. – Rs. 5 Lakh

The captioned charges are applicable for opening/ pertaining ESCROW/ TRA A/Cs (Trust & Retention A/C) to be recovered per annum. Periodicity of collection of above fees is annual.

Mortgage Creation Charges

(Other than retail and Priority sector

Per borrowing entity (excluding Priority Sector) with FB+NFB limits of

Upto 1 Cr.-Rs 5000

Above Rs 1 Cr to Rs 10 Cr- Rs 20,000

Above RS 10 cr to Rs 25 cr-RS 25,000

Above Rs 25 cr to Rs 100 cr-Rs1,00,000/-

Above 100 Crore-Rs 2,00,000/-

In addition to the actual expenses

The charge specified is applicable per instance irrespective of the number of title deeds.

The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.

The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.

Modification Charges

Up to Rs. 1.00 Cr: Rs. 5000

Rs.1.00 Cr to Rs. 10.00 Cr: 15000

Above 10 Cr : Rs.50000

The charges shall be levied per instance of proposal submission and should be recovered only in respect of customer induced modifications and not on modifications in terms and conditions which were not discussed with/ accepted by the customer at the time of sanction/ review

Revalidation of Sanction

Working Capital: 50% of the applicable processing charges without cap

Term Loan: 30% of the applicable upfront charges without cap

Not applicable for Export Finance.

Lead Bank charges as Leader of Consortium on total assessed limits

0.30% of the aggregate of Fund Based and Non Fund Based and Non Fund Based , Subject to a minimum of Rs. 5.00 lacs and Maximum of Rs. 50.00 Lakhs

Charges for copy of the documents for submission to any statutory authority

Actual photocopying charges + Rs.1000/-

Charges if presence of bank official is required along with the documents for photo copies

Actual photocopying charges + Rs. 2000/- + Out

of pocket expenses -

Introduction of New Service Charges

Holding of consortium meeting

For Holding meeting: Rs.10000 + Actual expenses for each meeting

Additional Clarifications:
1	Any deviation upwards or downwards from these rates will be at the discretion of the bank.
2	All the charges are exclusive of applicable taxes from time to time.
3	These service charges are subject to changes as per bank’s internal policy from time to time.
4	If long term rating of a company is not available then equivalent short-term rating to be considered for all the charges

Inland Trade Finance-Other than Large Corporate/ C & IC

Inland LC

Sr. No.

Services

Service Charges W.E.F. 10.12.2022

Inland L/C

Sight : 0.70% (the period to be calculated from the date of opening of LC to the last date of its validity)

Usance:

External Rating	LC % commission (p.a.)
AAA/A1+ and Fully Government Guaranteed	0.75%
AA/A1	1.00%
A/A2	1.25%
BBB/A3	1.50%
BB and below/ A4 and Below/Unrated	2.40%

Note:
1. In case of Inland L/C established against 100% Cash deposit as security, applicable commission shall be 25% of the above Card Rate.
2. For MSME unrated accounts, the applicable commission shall be in line with BBB accounts as above.
3. For Capex LCs, Long term rating to be used for arriving at appropriate Commission. For working capital LC, short term rating to be used for arriving at appropriate Commission.

Inland Bill charges

Sr	Services	Service Charges
a	OBC collection charges	0.125 % Subject to Min. INR 500 & maximum INR 10,000.00 # Proposed Charges only for Purchase, Discount and Negotiation of Bills. For others remains unchanged.
b	IBC collection charges	0.125 % Subject to Min. INR 500 & maximum INR 10,000.00 # Proposed Charges only Bills presented under the Inland LC opened by us. For others remains unchanged.
c	Discrepancy Charges	0.15% Min. Rs. 500 & Max. Rs. 2000/-

Inland Guarantee

Performance Guarantee (Min Comm: Rs.1500)

Rating	Up to 3 years (% p.a.)	Above 3 years (% p.a.)
AAA+ / AAA / AAA- / Govt Gtee	1.00	1.10
AA+ / AA / AA-	1.20	1.30
A+ / A / A-	1.50	1.60
BBB+ / BBB / BBB-	2.00	2.10
BB & BELOW & Unrated	2.40	2.50

Financial Guarantee (Min Comm: Rs.1500)

Rating	Up to 3 years (% p.a.)	Above 3 years (% p.a.)
AAA+ / AAA / AAA- / Govt Gtee	1.25	1.35
AA+ / AA / AA-	1.45	1.55
A+ / A / A-	1.75	1.85
BBB+ / BBB / BBB-	2.65	2.75
BB & BELOW & Unrated	3.00	3.10

For MSME unrated accounts, the applicable commission shall be in line with BBB (Both Performance and Financial guarantee) accounts as above.
In case 100% cash margin is provided by the borrower, the applicable commission shall be 25% of the Card Rate.
SFMS / SWIFT/ Courier of Rs.150 to be collected per guarantee.
Charges to be recovered for the period including claim period, if any at the time of issue.
In case of early redemption of guarantee after a period of 60 days, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date, shall be refunded Other charges, if any, as applicable.

Other Charges

Sr	Services	Service Charges
a	Other Charges A) Advising LCs (only where LC opening Bank and advising Banks are different)	Rs.1,000
b	Confirmation of LC (only where LC opening Bank and confirming Bank are different)	No Change For addition of confirmation, 0.20% p.m. for the period of validity and usance on the amount of LC
c	Transferable LCs	For each transfer Rs. 500 (whether in full or part thereof) where usance drafts are to be accepted, acceptance commission @ 0.10% p.m. to be charged; Min. Rs. 500
d	Negotiation charges	Rs. 1,000
e	Clean payments received under LC	Rs. 500
f	Attestation of commercial invoices	At the time of negotiation / collection - Nil Each subsequent occasion - Rs. 100 per invoice
g	Guarantees due to discrepancies in documents	For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC

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