ALLAHABAD BANK

DEVELOPMENT DEPARTMENT
HEAD OFFICE: 2, NETAJI SUBHAS ROAD, KOLKATA 700 001
Instruction Circular No.11613/DEV/2011-12/48

Date : 29.10.2011

To: All Branches and Offices

Revision of Service Charges 2011

Attention of Branches/Offices is drawn to Head Office Instruction Circular No.
10221/MSD/2008-09/03 dated 30.10.2008 on revision of Service Charges put in place by the
Bank for imparting greater transparency in dealing with the customers.
The service charges were last revised in October, 2008 and thereafter various amendments
were made. However, a comprehensive review of all the service charges was needed
considering the major changes in present banking scenario and the CBS environment.
Accordingly, the revised structure of service charges were approved by the Board during the
meeting held on 19.10.2011.
Some of the major changes in the revised structure are:
i) The service charges section for CBS has been deleted as all the branches are now
under CBS and these charges have been incorporated in respective sections under
Deposit & other miscellaneous issues.
ii) A new section for Agricultural Credit (Section B2) is introduced separately.
iii) The penal charge to be levied for fall in minimum balance is to be calculated on
Quarterly Average Balance (QAB) in Savings and Current accounts instead of
monthly basis in Savings and per occasion basis in Current accounts.
iv) The inspection and supervision charge applicable for advances is to be levied on
fixed rate basis instead of linking to number of visits.
The comprehensive Service Charges of the Bank, as revised, is reproduced in Annexure-I.
The revised service charges will be effective from 01.12.2011.
A notice to the effect that the revision of service charges will come into effect from 01.12.2011
should be displayed in the notice board prominently for information of the visiting
public/customers. The service charges already displayed in the branch premises should also
be amended accordingly.
All the branches / offices are advised to take a careful note of the above and be guided
accordingly.

(ANIL KUMAR)
General Manager (P & D)

Instruction Circular No. 11613/DEV/2011-12/48

Date: 29/10/2011

INDEX
Sl. No.
Section A
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Section B

Section C
1.
2.
3.
4.
5.
Section D
Section E
1.

2.
3.
4.
5.
6.
7.

Name of Items
DEPOSIT ACCOUNTS & OTHER MISCELLANEOUS ISSUES
ISSUANCE/ CANCELLATION/ DUPLICATION/REVADATION OF DD/MT/TT/
BANKERS CHEQUE / PAY ORDER
COLLECTION OF OUTSTATION CHEQUES
COLLECTION OF BILLS
HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID
CLOSURE OF ACCOUNTS
PENAL CHARGES FOR FALL IN MINIMUM BALANCE
MINIMUM BALANCE CRITERIA FOR SB/CURRENT ACCOUNT
CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS
LOCKER RENT/DISCOUNTS FOR PAYING LOCKER RENT IN ADVANCE/PENAL
CHARGES FOR LOCKER RENT IN DEFAULT
SAFE CUSTODY CHARGES
ISSUANCE OF SOLVENCY CERTIFICATES
ELECTRONIC FUND TRANSFER (EFT)
NATIONAL ELECTRONIC FUND TRANSFER (NEFT)/INDO-NEPAL NEFT
REMITTANCE THROUGH RTGS
ELECTRONIC CLEARING SERVICES (ECS) AND CREDIT/DEBIT CLEARING
INTERNATIONAL DEBIT-CUM-ATM CARD SERVICE
OTHER ITEMS
SERVICE CHARGES OF ANYWHERE BANKING FACILITY
CHEQUE TRUNCATION SYSTEM - RECOVERY OF PROCESSING CHARGES
CREDIT RELATED ISSUES
B.1. PROCESSING & PREPAYMENT FEES FOR RETAIL CREDIT PRODUCTS
B.2. SERVIUCE CHARGES REGARDING AGRICULTURAL CREDIT RELATED
ISSUES
B.3. SERVICE CHARGES REGARDING OTHER ADVANCES EXCLUDING
AGRICULTURAL & RETAIL CREDIT RELATED ISSUES
FOREIGN EXCHANGE RELATED ISSUES
IMPORT TRANSACTIONS
EXPORT TRANSACTIONS
CERTIFICATES & OTHERS
MISCELLANEOUS INSTRUCTIONS
DISCRETIONARY POWERS
DP CHARGES FOR BENEFICIARY ACCOUNTS
CONCESSIONS ON VARIOUS ISSUES
A. CONCESSIONS ON MISCELLANEOUS ITEMS
B. CONCESSIONS ON RTGS/NEFT
C. EXEMPTION ON SERVICE CHARGES UNDER PRIORITY SECTOR
D. CONCESSIONS ON LETTER OF CREDIT (LC) / BANK GUARANTEE (BG)
E. DISCRETIONARY POWER TO REDUCE SERVICE CHARGES ON FOREX
BUSINESS
F. CONCESSIONS ON DP SERVICE CHARGES
CONCESSIONS TO STAFF/EX-STAFF MEMBERS/WIDOWS OF EX-STAFF
MEMBERS
CONCESSIONS TO DEFENCE, PARAMILITARY PERSONNEL & EX-SERVICEMEN
FACILITY FOR FREE TRANSFER OF FUNDS FOR REGIONAL RURAL BANKS
(RRBs)
CONCESSIONS TO SENIOR CITIZENS/PENSIONERS
FREE COLLECTION/REMITTANCE FACISLITIES
CONCESSIONS REGARDING CREDIT RELATED ITEMS

Section A

DEPOSIT ACCOUNTS
&
OTHER MISCELLANEOUS ISSUES

SECTION A
SERVICE CHARGES FOR DEPOSIT ACCOUNTS
& OTHER MISCELLANEOUS ISSUES
1(A).

ISSUANCE OF DEMAND DRAFT/ BANKERS CHEQUE/PAY ORDER

Revised Rates(`)
`)

Amount Slab
Up to ` 5,000

` 25

Above ` 5,000 up to `10,000

` 40
` 3.00 per ` 1,000 or part thereof,
Minimum ` 40, Maximum ` 15,000

Above `10,000
Note:

i. In case of DD/BC/PO issued against cash, additional 50% charges will be levied.
ii. Postage/out of pocket expenses will be levied extra as the case may be.

1(B).

DUPLICATION/ REVALIDATION/CANCELLATION DD/BC/PO

Name of Items
Issuance of Duplicate /Revalidation/
Cancellation of DD/BC/PO

Revised Rates
10% of the Amount
(Rounded upto nearest Rupees)
Maximum ` 100 per Instrument

2.(A) COLLECTION OF OUTSTATION CHEQUES

Value

Savings A/c customers

Other customers
(`)
`)
(`)
`)
(per instrument)

Upto `5,000

25

25

Above `5,000 and upto `10,000

50

50

Above `10,000 and upto `1.00 Lac

100

100

Above ` 1 lac

150

150

Note: 1. The above charges will be all inclusive. No additional charges such as Courier
Charges, Out of Pocket Expenses should be levied from the customer.
2. For outstation cheques collected through another bank: Commission on 50:50
basis, i.e. remitting bank to charge 50% & collecting bank to charge 50% of the
applicable rate.

2. (B) COLLECTION OF CHEQUE UNDER SPEED CLEARING

Value

Service charges for

savings a/c customers

Service charges for current

a/c and other customers

Upto and including ` 1 lac

Nil

Nil

`150

`150

Above `1 lac

3.

COLLECTION OF BILLS
Name of the Items
Up to ` 10,000

` 100 per Instrument

Above `10,000

` 10 per ` 1,000 or part thereof, Maximum ` 30000

Note:
4.

Revised Rates

Actual Postage/out of pocket expenses will be levied extra.

HANDLING CHARGES FOR CHEQUES / BILLS RETURNED UNPAID

Name of Items

Revised Rates

Local Cheques/Bills

` 75 per cheque for SB

` 150 per cheque for Other
` 75 per Bill
`150 for All

Outstation Cheques/Bills

Note: The above charges are to be realized under intimation to the party. Postage
will be realized extra.
5.

CLOSURE OF ACCOUNTS
Types of Account
Savings Bank A/c
With Cheque Book
Without Cheque Book
Current A/c

Revised Rates
With Cheque Book `150
Without Cheque Book `100
` 250

Note : @ The Service Charges are levied if the A/c. is closed within one year of opening,
excepting on the following case
a)
Where Account is transferred to another branch,
b)
Opening of another A/c in joint names,
c)
Death of the A/c holder (Manually debited),
d)
Pensioner without Cheque Book. (Sr. Citizens now discontinued)

At the time of closure of accounts within one year of the opening, if the balance
available is insufficient to cover up the above charges, the available balance in the

account will be forfeited and no extra amount to be claimed.

No charges will be levied if the account is closed after one year of opening.

Postage/Courier and out of pocket expenses to be realized on actual basis over and
above the Service Charges.
6.

(a) MINIMUM BALANCE CRITERIA FOR SAVINGS BANK ACCOUNT

Name of the Items

Revised Rates
` 500 for Rural/SU
` 1000 for Metro/Urban

With Cheque Book for general

With Cheque Book for pensioners
(concession to Senior Citizens to be discontinued)
Without Cheque Book for general

Nil
` 100 for Rural/SU
` 500 for Metro/Urban

Without Cheque Book for pensioners.

(concession to Senior Citizens to be discontinued)

Nil

(b) MINIMUM BALANCE CRITERIA FOR CURRENT ACCOUNT

Revised Rates

Name of the items

Rural
`1000
`2500

Individual
Others
7.

Others
`3000
`5000

PENAL CHARGES FOR FALL IN MINIMUM BALANCE

Name of Items

Revised Rates

(On Quarterly Average Balance basis)

Savings Bank with Cheque Book

Savings Bank without Cheque Book

` 75 per quarter R/SU

`125 per quarter -others
` 30 per quarter- R/SU
` 60 per quarter-Others

Pensioners
SB with Cheque
SB without cheque
(facility to senior Citizens discontinued)
Current A/c : Individual

Current A/c : Other

Nil
` 300 per quarter R/SU
`450 Per quarter- other
` 300 per quarter R/SU
` 450 Per quarter- other

Note:
1. There is no charge to be levied in No frills SB Account. However, if the No Frills SB account
is converted into Normal SB account, the usual Service Charges would be applicable.
2. The above penal charges are to be realized under intimation to the party.
3. The above charges would be levied on Quarterly Average Balance (QAB).

8. CHEQUE BOOK CHARGES FOR SB/CURRENT/CC/OD ACCOUNTS

Name of the Items

Revised Rates

MICR Cheques:
Savings Bank A/c, Current, CC, OD A/c
Non-MICR Cheques:
Savings Bank A/C Current, CC, OD A/c
Multi-city Cheques

` 3.00 per Cheque leave

Note :
I.

only 20 instead of existing 60 cheque leaves will be allowed free to S.B.

individual A/c. holders in a calendar year. (Revised)

II.

For cheques for the purpose of Post Dated Cheques (PDC) for our bank, no
charges should be levied. However, for repayment of loans to other banks/FIs,
double of usual charges shall be realized.

9(A) LOCKER RENT:

Type

Inner Volume
(Cu. Inches)

Revised Rates

Classification

Metro/Urban Branch
A*
B
C*
D
HI
E
F*
G
H
L

539
859
1186
1337
1828
1878
2786
2844
3987
6297

Small
Medium
Medium
Medium
Large 1
Large 1
Large 2
Large 2
V.L
E.L

1100
1500
1800
2400
3000
3000
3600
3600
6000
7200

Semi Urban/ Rural

Branch
900
1200
1500
2000
2500
2500
3000
3000
5000
6000

9(B) DISCOUNTS FOR CUSTOMERS PAYING LOCKER RENT IN ADVANCE

Locker Rent paid in Advance

Revised Rates

If Locker Rent of 3 years paid in advance

Discontinued

If Locker Rent of 5 years paid in advance

9(C) PENAL CHARGES FOR LOCKER RENT IN DEFAULT

Size of Locker

Revised Rates

Small & Medium

` 50 per Quarter or part thereof

Large

` 75 per Quarter or part thereof

VL & EL

` 125 per Quarter or part thereof

Note :
a. In case of loss of keys, locker rent of one year plus actual cost of repairing to be realized.
b. The locker rents are to be realized in the 1st quarter of the financial year i.e. within 30th
June. Any default or not maintaining the requisite balance in the account will attract penalty
charges (excluding Staff members of the Bank).
10.

SAFE CUSTODY CHARGES

Name of Items

Revised rates

Scrips
Sealed Cover
Sealed Boxes- 200 cu. Cm.

` 100 per Scrip or part thereof, Minimum ` 200

` 500 per Cover
` 10000 per Box

Banks own Deposit Receipt

Nil

Note: Boxes above 200 cu. cm. type not to be accepted

11.

12.

ISSUANCE OF SOLVENCY CERTIFICATES

Amount Slab

Revised Rates

Up to `25 lacs

`10000

Above `25 lacs

` 25,000

ELECTRONIC FUND TRANSFER (NOT APPLICABLE NOW)

Amount Slab

Revised Rates

Up to `50,000
Above `50,000

NOT APPLICABLE

13.A

NATIONAL ELECTRONIC FUND TRANSFER (NEFT)

Revised Rates
Outward Remittances
Up to ` 1 Lac

` 5 per Transaction

Above `1 Lac to `2 Lac

Above `2 Lac

`15 per transaction

`25 per transaction

Inward Remittances
Any Amount

Nil

13.B

INDO-NEPAL NEFT REMITTANCE CHARGES

[I]

For beneficiaries maintaining accounts with Nepal State Bank Ltd. (NSBL):
For remittance from a bank account in India to a bank account with any branch of Nepal
State Bank Ltd., there shall be no charge i.e. the remittance is free of charge.

[II]

For beneficiaries not maintaining account with Nepal State Bank Ltd. (NSBL);
If the beneficiary is not maintaining any account with NSBL, and the funds are
distributed through the channel of the Agents of NSBL:
(i)

All remittances (cash remittances/ disbursements) up to INR. 5,000/-, a flat charge

of INR. 50/- inclusive of Service Tax for every remittance.

(ii)

Remittances (cash remittances/ disbursements) above INR. 5,000/- and up to INR.

50,000/- a flat charge of INR. 75/- inclusive of service tax.

These charges will be passed on to NSBL who in turn will share the same with the
affiliated Money transfer agencies.
The entire amount of charges collected from the remitter would be remitted to Nepal and
would form a part of the message format. Thus, the remitting banks in India originating
remittances under the scheme would transfer funds free of charge.
14.

REMITTANCE THROUGH REAL TIME GROSS SETTLEMENT (RTGS)

Name of Items

Revised Rates
(per transaction)

Local Inward Remittance

All Inward Remittance - NIL

Outstation Inward Remittance

Local Outward Remittance
Outstation Outward Remittance
` 2 to `5 lacs
` 5 lacs & above

Nil
` 25
` 50

Note: Charges levied by RBI will be borne by banks and will not be realised from
customers.

15.1

15.2

ECS Charges for Credit Clearing

Number of Entries

Revised Rates

Up to 10,000 entries

` 3 per entry + RBI or Destination Bank Charges if any.

Above 10,000 up to 1 lac

entries

` 2 per entry + RBI or Destination Bank Charges if any.

Minimum ` 30,000

Above 1 lac entries

`1 per entry + RBI or Destination Bank Charges if any.

Minimum ` 2,00,000

ECS Charges for Debit Clearing

Name of the Items
Debit Clearing
Returning Charges on account
of insufficient funds
Income Tax Refund Orders

15.3

Revised rates
`1 per transaction + RBI or Destination Bank Charges
if any, Minimum ` 2,750
` 50 per entry SB
` 75 per entry from other types of accounts
Nil

ECS Charges for Sponsor Bank, Destination Bank and/or RBI

ECS Charges

Revised Rates

Sponsor Bank
Charges payable to Destination Bank and/or RBI

16.

RBI or Destination Bank Charges if

any, Minimum ` 2750
On actual basis, i.e. as waived/by
the guidelines of RBI

INTERNATIONAL DEBIT-Cum-ATM CARD SERVICE

Name of the Items

Revised Rates

Membership fee

Nil

Late Payment fee

Nil

Interest Charges

Nil

Annual fee

`100 per annum, (waived for 1st year)

Renewal Charges

`100

Card Replacement Charges

`100

For Duplicate PIN

Nil

Transaction Charge for using Banks Own ATM

Nil

10

Name of the Items

Revised Rates

Transaction Charge for Partner Banks in India

connected through NFS/VISA Network

Nil for Cash Withdrawal and/or

Balance Enquiry

Transaction Charge for Banks connected through

VISA Network (Abroad)
Point of Sale (POS) Transaction Charges

`125 for Cash Withdrawal & ` 30 for

Balance Enquiry
Nil

Using Card at Petrol Pumps

2.50% or `10 Minimum

Using Card for Railway Ticket Reservations

2.50%

NFS MEMBER BANKS

ALLAHABAD

DEVELOPMENT
CREDIT BANK

ANDHRA BANK

ICICI BANK

AXIS BANK

IDBI BANK

PUNJAB NATIONAL BANK

11

INDIAN BANK

12

SOUTH INDIAN BANK

BANK

4
7
10
13
16
19
22
25

BANK OF
BARODA
BANK OF
MAHARASTRA
CANARA BANK
CATHOLIC
SYRIAN BANK
CITY UNION
BANK
CORPORATION
BANK

14
17
20
23
26

28

DENA BANK

29

31

YES BANK

32

INDIAN OVERSEAS
BANK
INDUSIND BANK
JAMMU KASHMIR
BANK LTD.
KARNATAKA BANK
STATE BANK OF
INDIA
UNION BANK OF
INDIA
BANK OF INDIA

11

15
18
21

KAUR VYSYA BANK

ORIENTAL BANK OF
COMMERCE

TAMILNAD MERCATILE
BANK
THE COSMOS COOPERATIVE BANK LTD.
THE DHANALAKSHMI
BANK LTD.

24

HDFC BANK

27

UNITED BANK OF INDIA

30

VIJAYA BANK

17. OTHER ITEMS:

Name of Items
Issuance of Duplicate Pass
Book/Statement
Ledger Folio Charges for CT A/c,
CC A/c & OD A/c
Issuance of additional Statement of
Accounts for CT A/c, CC A/c & OD
A/c
Remittance against Tender of
Cash/DD/BC/PO
Issuance of Call Deposit Receipts

Standing Instructions (SI)

Stop Payment Instructions

Issuance of Travelers Cheques

Issuing certificates pertaining to
securities/ list of securities lodged

Revised Rates
`50 Latest entry
`60 for previous Entry/40 entries (per page)
`60 per 40 entries
`100 per Additional Statement
1 month free
50% over & above normal rate
Nil
`35/- per transaction other Branch.
Note: If the standing instructions could not be carried out
for insufficient balance in the account the charge of `35/is to be levied.
Free of charge: i) Crediting / Remitting interest in Term Deposits.
ii) Crediting/remitting Recurring Deposit installments.
iii)Crediting/ remitting installment in Loan a/c.
` 50 for SB per instrument
` 75 for others per Instrument
Max. ` 300
` 0.50 per `100, Min `10
` 100 per certificate or list

Issue of No-dues certificate/balance ` 50 per Certificate

confirmation
Nil (if within the Service Area)
Attestation of customers signature
on share transfer form/LIC Policy/UTI ` 50 per certificate or list
certificates etc.
Photo Attestation
Turnover commission on Govt.
Business.(viz. CBEC, CBDT etc)

` 50 per certificate
@ 09 Paise per ` 100,
`45/ per challan for Tax collection
`60/ per entry (pension)

Handling/Incidental Charges for Inoperative/ Dormant SB A/c

Handling/Incidental Charges for Inoperative/ Dormant Current A/c (If
balance is below `50,000)
Collection of Deposit receipts on
maturity from Other Bank

Nil
`75 per half year

Collecting bank shall levy charges as applicable to

remittances. In case of local collection, charges as
applicable to Bankers Cheque, be levied
Sharing of commission when Commission on 50:50 basis, i.e. remitting bank to charge
instrument is collected through 50% & collecting bank to charge 50% of the applicable
branch of another bank
rate.
Loss of Token

` 100 per token

12

Name of Items
Presentation of Usance Bills for
acceptance

Revised Rates
` 100 per Bill

Penalty charges for depositing

delayed installments in R/D account

Enquiry above 1 year upto 3 yrs `100

Above 3 yrs but upto 5 years ` 200
Above 5 yrs ` 500
`1.50 per `100 per month upto 5 years
`2.00 per `100 per month-more than 5 years

Deposit of cash in bulk

`100 per 1000 pieces of currency notes of any

denomination

Enquiry relating to old record

(Enquiry upto 12 months old Free)

Selling of Prospectus & Application

Forms for Educational Institutions /
Housing Boards / Other
Organizations

To be negotiated with the corresponding Institution/

Board/others at the Zonal Office Level on case to case
basis

18. SERVICE CHARGES OF ANYWHERE BANKING FACILITY

Revised Charges
Charges for Anywhere Banking (at non-home branches)
Financial Transactions

`25/- fixed to be realised from the beneficiary

a/c
Rs.3/- per Rs.1000/- or part (on the whole
Above 25000
amount) to be realised from the beneficiary
a/c
Upto 25000
NIL
Rs.3/- per Rs.1000/- or part (on the whole
Above 25000
amount)
Upto 1 lac
Rs.5 per transaction
Same as NEFT
Above 1 lac upto 2 lac
Rs.15 per transaction
charges prescribed
by RBI
Above 2 lac
Rs.25 per transaction
Any amount
NIL
Upto 1 lac
NIL
As prescribed by
RBI
Above 1 lac
Rs.150 per instrument
SB Accounts
Rs.50 per transaction
As prescribed by
RBI
Other Accounts
Rs.75 per transaction
Normal Charges as defined. No additional
All customers
charges under Anywhere Banking.
Non-Financial Transactions
Upto 25000

Cash Deposit

Cash Withdrawal
Transfer of funds (to be
debited from drawees
account)
Clearing
Speed Clearing
ECS Return for insufficient
fund
Issue of DD / NEFT /
RTGS
Statement charges
Updating of passbook

All customers
All customers

Rs.10/- per page based on 40 rows per page.

Rs.10/- per instance
Rs.50 per instrument, Maximum Rs.500/- or
the available balance in the a/c, whichever is
lower.
Rs.50 per instrument, Maximum Rs.1000/- or
the available balance in the a/c, whichever is
lower.

SB Accounts
Stop Payment Instructions
Other Accounts
Staff Accounts

No charges under Anywhere banking

13

Charges for Multi-city cheques

Cheque book issue
Minimum balance criteria
Penal charges for fall in minimum balance
Stop payment
Cheque return
Transaction charges

To be same for all types of

cheques. No special charges for
multi-city cheques.
No separate charges

19. CHEQUE TRUNCATION SYSTEM (CTS) RECOVERY OF PROCESSING CHARGES

As per directives of Reserve Bank of India, following service charges are introduced with effect from
01.04. 2011 for instruments presented in CTS are as under:
Presenting Bank:-

` 0.50 per instrument

Drawee Bank:

` 1.00 per instrument

NOTE:


Postage & Telegraph and other out of pocket expenses to be realized on actual basis
over and above the Service Charges,


SERVICE TAX to be levied extra as per extant guidelines received from Government from
time to time.

***

14

Section B

CREDIT RELATED ISSUES

15

SECTION B
SERVICE CHARGES ON CREDIT RELATED ISSUES
B.1. RETAIL CREDIT
PROCESSING FEES & PREPAYMENT FEES FOR RETAIL CREDIT PRODUCTS :
Sl
No
1

Scheme
All Bank Rent

All Bank
Property

REVISED PROCESSING
CHARGES
Upto Rs. 25 lac : 1%,
Minimum Rs. 2500
> Rs. 25 lac to Rs. 150 lac :
0.50%, Min. Rs. 25,000 ;
> Rs. 150 lac : 0.25%,
Minimum Rs. 75,000

Rs. 200- per lac,

Minimum Rs. 1,000
Maximum Rs. 20,000

All Bank
Trade

AllBank
Commercial
Vehicle
Finance

0.50% of loan amount

Minimum Rs 1000/-

Car Loan
(For salaried
class & for
others)

1% of Loan amount,
Minimum Rs. 500
(Allahabad Bank
Employees- NIL)

All Bank
Mobike

Housing
Loan

Housing loan
to LIC
Employees /
Officers /
Agents

Housing
Finance
Scheme for
NRI/PIO

10

Premium
Housing
Finance
Scheme for
HNIs

Rs. 500/-

0.50% of Loan amount,

Maximum Rs.10,000
(Allahabad Bank
Employees- NIL)

Rs 25000/-

Prepayment
Penalty

Document
ation Charges

Mortgage
Charges

Inspection &
Supervision
Charges

2% of
Outstanding
Balance only
in case of
takeover

Applicable as
per charges
prescribed
under para 4

Applicable as
per charges
prescribed
under para 4

Applicable
as per
charges
prescribed
under para
5

Applicable as
per charges
prescribed
under para 4

Applicable as
per charges
prescribed
under para 4

Applicable
as per
charges
prescribed
under para
5

Applicable as
per charges
prescribed
under para 4

Applicable as
per charges
prescribed
under para 4

NIL

Nil

NA

NIL

2%
of
Outstanding
Balance only
in case of
takeover

Nil

NA

NIL

2% of
Outstanding
Balance only
in case of
takeover

Nil

NA

2%
of
Outstanding
Balance only
in case of
takeover

Nil

NA

2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover

16

NIL

NIL

Sl
No

Scheme

11

House
Furnishing /
Repairing
Loan

12

13

Short term
loan for
application
money
(financed by
local housing
board/authoriti
es for
allotment of
residential
plot/flat/
houses)
Saral Loan

14

Personal
Loan
(Doctors)

15

Personal
Loan
(Pensioners)

16

Personal loan
to LIC
employees /
Officers /
Agents

17

REVISED PROCESSING
CHARGES

Prepayment
Penalty

Document
ation Charges

Mortgage
Charges

Inspection &
Supervision
Charges

0.50% of Loan amount,

Minimum Rs.200
(Allahabad Bank
Employees- NIL)

2% of
Outstanding
Balance only
in case of
takeover

Nil

NA

NIL

NIL

Nil

NA

NIL

Nil

NA

NIL

Nil

NA

NIL

Nil

NA

NIL

` 200/-

1% of Loan amount,
Minimum Rs. 500

0.50% of Loan amount,

Minimum Rs.200
(Allahabad Bank
Employees- NIL)
1% of Loan amount,
Minimum Rs. 500

2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover
2% of
Outstanding
Balance only
in case of
takeover

Overdraft
Scheme for
LIC officers

18

Loan against
NSC/KVP

19

OD in SB A/c

20

Education
Loan

21

Gyan Deepika

22

Gold Loan

23

Reverse
Mortgage
Scheme

24

AllBank IPO/
FPO Finance
Scheme

0.50% of Loan amount,

Minimum Rs.200
(Allahabad Bank
Employees- NIL)

2% of
Nil
Outstanding
Balance only in
case of
takeover

NA

NIL

NIL

NA

NIL

One months annuity

maximum ` 10,000/=

2%
of
Outstanding
Balance only
in case of
takeover

Nil

NA

NIL

Salary tie-up cases NIL,

Others - ` 500/-

NIL

Nil

NA

NIL

NIL

NIL

17

 Processing fee will not be payable in case of loan to Allahabad Bank Employees ( Serving &
Retired ) under Housing Loan, House Furnishing Loan, Car Loan, AllBank Mobike Loan,
Personal Loan(Pensioners), Reverse Mortgage Scheme, AllBank IPO/ FPO Finance
Scheme & Loan against NSC/KVP.
Prepayment Penalty, wherever prescribed will be charged only in case of takeover of loan
by other Bank / FI.
Inspection & Supervision Charges will be applicable only in case of AllBank Rent, AllBank
Property & AllBank Trade.
Documentation & Mortgage charges are payable only in case of AllBank Rent, AllBank
Property , AllBank Trade & Commercial Vehicle Finance Scheme.
In Retail schemes where mortgage charges are not applicable (NA), actual charges for
creation of mortgage i.e. fees payable for NEC, registration with Central Registry, cost of
stamp, Fees payable for registration of mortgage etc will be borne by the borrower/(s)
In case of annual review / renewal of term loan under above Retail Schemes at existing level
(wherever applicable) no charges will be realized.
In case of annual review / renewal of Overdraft Limit under AllBank Property, AllBank
Trade & Commercial Vehicle Finance Scheme Processing charges will be applicable
as per Sl. No.2, 3 and 4 respectively.

18

SECTION B
SERVICE CHARGES ON CREDIT RELATED ISSUES
B.2. AGRICULTURAL CREDIT
B.2.1. SERVICE CHARGES FOR AGRICULTURE CREDIT
PROCESSING FEES / UP FRONT FEES FOR SANCTION/RENEWAL OF ADVANCES
Credit limits

Revised Rates

Upto `3 lac
Above `3 lac

Nil
KCC NIL
OTHERS - `225.00 per lac or part thereof

Restructuring of Debt

NIL

Adhoc Sanction & Short Term Loan

Above `20,000 and upto `50,000
`1000
Above `50,000 and upto `25 lacs
Above `25 lacs and upto `5 crore

0.25% of the Ad-hoc/Short Term Loan, Minimum `1000,

0.25% of the Ad-hoc/Short Term Loan, Min. `20,000

Above `5 crores

0.25% of the Ad-hoc/Short Term Loan,

Note: Upfront/Proc. Fees for renewal/review of term loan under Agrl. - NIL
B.2.2. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION CHARGES

Credit limits (F & NF)

Mortgage Charges

Documentation Charges

Revised Rates

Revised Rates

Up to `2 lacs

NIL

Above `2 lacs but up to `5 lacs

NIL

Above `5 lacs but upto `10 lacs

Above `10 lacs but upto `25 lacs
Above `25 lacs but upto `1 crore
Above `1 crore

`10,000

19

KCC NIL
OTHERS - `1000.00
KCC NIL
OTHERS - `2000.00
KCC NIL
OTHERS - `3000.00
KCC NIL
OTHERS - `5000.00
KCC NIL
OTHERS - `10000.00

B.2.3. INSPECTION AND SUPERVISION CHARGES

Credit Limits

Revised rates

Upto `50,000

NIL

Above `50,000 upto ` 3 lac

Above ` 3 lac

KCC NIL
OTHERS - `500 p.a.
KCC NIL
OTHERS - `500 per lac p.a.
(Maximum `12000.00)

B.2.4. Any other charges under Agricultural not defined herein above must be levied as per
charges under other advances.
NOTE: For concessions under PSC please refer Section E 1.C

20

SECTION B
SERVICE CHARGES ON CREDIT RELATED ISSUES
B.3. OTHER ADVANCES EXCLUDING AGRICULTURE & RETAIL CREDIT

B.3.1. PROCESSING FEES FOR SANCTION/RENEWAL OF ADVANCES

(BOTH FUNDED & NON FUNDED)
[OTHER THAN AGRICULTURE & RETAIL CREDIT]
Name of the Items

Revised Rates

Proposals up to `25,000
Proposals above `25,000 up to `2 lacs

Nil
`300 per lac or part thereof min. `300

Proposals above `2 lacs

Restructuring of Debt

`350 per lac or part thereof

75% of the usual charges

Adhoc Sanction & Short Term Loan

Above `20,000 and upto `50,000
Above `50,000 and upto `25 lacs
Above `25 lacs and upto `5 crore
Above `5 crores

`1000
0.50% of the Ad-hoc / Short Term Loan,
Min. `1000
0.50% of the Ad-hoc/Short Term Loan,
Mini. `22,000
0.50% of the Ad-hoc/Short Term Loan,

B.3.2. LEAD BANK CHARGES:

Charges for leadership in the Consortium Accounts, inclusive of the accounts, where the Bank
is the leader in financing Term Loan
Name of the Items
Charges for Leadership in
the consortium Account

Revised rates
a. 0.30% p.a. of the aggregate funded & non funded
limits from the banking system, negotiable but not
below 0.150%,
b. In case of sick units/ units under restructuring, 0.130%
of the aggregate funded limit from the banking system
both working capital and term loan will be realized.

21

B.3.3.

UPFRONT/PROCESSING FEES FOR TERM LOANS

(OTHER THAN AGRICULTURE AND RETAIL CREDIT)
Name of the Items

Revised Rates

Fresh Term Loan sanctioned excluding loans

sanctioned under Retail Credit (As Upfront)

Upto ` 25000: Nil

Above ` 25000 and upto
`2 Lac : `300 (MSEs - Nil );
Above `2 Lac : 1 %

Standby credit assistance towards redemption of

CP issued/to be issued by the borrower (to be
charged on pro-rata for a Min. period of 3 months)
Review/ Renewal of Term Loan
(As Processing Fees)

1% per annum basis

` 100 per `1 Lac,
Minimum ` 1000,
Maximum `2,50,000
Except Retail Credit
( MSE/Other PSC NIL )

Procedure for realization of Processing Charges/Upfront Fees.

For Working Capital
a. The Processing Charges will be realized while sanctioning the accounts on per
annum basis (minimum one year).
b. The full Processing Charges will be realized while reviewing the accounts on per
annum basis from the date of sanction.
c. In case of Operational review for short period, a Processing Fee on pro-rata basis
for the renewal period will be realized for minimum 1 quarter and thereafter multiple
of quarter The length of the renewal period will be reckoned from the original review
date or the extended review date till the period for which operational review is done.
d. In case of review/renewal of account or enhancement in limits (Funded/Non
Funded) before completion of 12 months from the last date of sanction, the
processing fee should be realized on prorata basis in respect of existing limits and
full processing fee for the enhanced portion.
For Term Loan:
In case of fresh Term Loan, where Upfront fees at the rate more than 0.50% is being
realized, no separate Processing Fee will be levied. However if it is less than 0.50%,
normal Processing Fee will be realized, as applicable for reviewed/renewal of Term
Loan.

22

B.3.4.. CHARGES FOR CREATION OF MORTGAGE & DOCUMENTATION

( OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING RETAIL CREDIT LOANS)
Credit limits Revised

Revised
Documentation
charges

Up to ` 50000

Revised Mortgage
charges

Nil

Nil

`50,000 to `2 lacs

`1500

`1000

Above `2 lacs but up to `5 lacs

`2500

`2,500

Above ` 5 lacs but upto ` 20 lacs

`5000

`5000

Above `20 lacs but upto `1 crore

`10000

`10000

Above `1 crore

`15000

`20000

Note:
a) In case of Retail Credit Schemes, (refer section B-1) documentation & mortgage
charges are applicable as per aforesaid rates.
b) Charges for creation of mortgage will be calculated on the amount of the Loan and not
on the value of the property, irrespective of the nature of the credit facility.
c) Cost of stamp and other expenses will be born by the borrower separately.
d) Where no Mortgage is proposed, only Documentation Charges would be taken.
e) Actual charges including registry under Central Registry scheme to be levied from
borrower.
f) Mortgage charges in case of supplemental mortgage should be realized at rate of 50
% of normal charges
B.3.5. INSPECTION & SUPERVISION CHARGES
(OTHER THAN AGRICULTURAL CREDIT BUT INCLUDING LOANS UNDER RETAIL CREDIT)
Revised Credit Limits

Revised rates

Upto `50,000

NIL
`500(fixed)/QtrR/SU/U
`1000 (fixed)/Qtr for - Metro
`750 /Qtr R/SU/U ,
1200/Qtr for Metro
` 3500 / Qtr for all centers
` 7500 / Qtr for all centers

Above `50,000 upto `2 lac

Above `2 lac to 1cr
Above 1cr to ` 5 cr
Above ` 5 cr

Note: In case of Retail Credit Schemes, (refer section B-1) Inspection & Supervision charges
are applicable as per aforesaid rates.
B.3.6. COMMITMENT CHARGES
Commitment Charges
For Funded Working Capital Limits of
`1 Crore & above

Revised rates
1% p.a. on the unutilized portion of the
operating working capital limits subject to a
tolerance level of 15% of such limits

23

B.3.7. CHARGES ON PURCHASE/DISCOUNT OF CHEQUES/BILLS

B.3.7.(a) Charges on purchase/discount of Cheques
Name of Items
Charges on purchase/
discount of Cheques

Revised rates
50 paisa % plus Collection Charges as applicable to
collection of Cheques / Bills for respective slabs & out of
pocket expenses.

B.3.7.(b) Charges on purchase/discount of Bills

i)
DA Bills:
Name of Items

Revised Rates
Interest / additional interest, as applicable for working capital advances
to the respective borrower, from the date of purchase till due date plus
collection charges, service charges and out of pocket expenses as
applicable to bills for collection for the respective slab, are to be realized.
No additional discounting charges to be realised separately.

DA Bills

For DA Bills:
1. Applicable interest rate based on amount of bill and risk rating as per Interest Rate
Circular from the date of discounting bills till the date of maturity shall be charged.
2. Additional interest @ 2% over normal rate will be recovered for the period of default
from the borrower.
3. Prescribed service charge for collection of bills and out of pocket expenses will be
realized.
ii)
DP Bills:
Name of Items

DP Bills

Revised Rates
Discount charges @ 0.60% of the Bill Amount (for a period not exceeding
7 days) plus normal collection charges/ Service Charges (Normal Interest
rate beyond 7 days) plus out of pocket expenses will be realized.

B.3.8. COMMISSION ON BANK GUARANTEE

B.3.8.(a) Performance Guarantee
Amount Slab
Up to ` 5 Crore
Above ` 5 Crore up to ` 10
Crore
Above ` 10 Crore

Revised rates
`250 + 0.60% per Quarter with minimum of 2 Quarter,
Minimum `600
`600 + 0.60% per Quarter with minimum of 2 Quarter
`1000 + 0.60% per Quarter with minimum of 2 Quarter

24

B.3.8.(b) Financial Guarantee

Amount Slab
Up to ` 5 Crore

Revised rates
`250 + 0.80% per Quarter with minimum of 2 Quarter,
Minimum `600

Above ` 5 Crore up to ` 10 Crore `600 + 0.80% per Quarter with minimum of 2 Quarter
Above ` 10 Crore
`1000 + 0.80% per Quarter with minimum of 2 Quarter
Note: In case of one time Bank Guarantee for more than ` 2 lacs (not covered by 100% margin
in the form of FDR), processing fee as applicable should be realized at the time of first
sanction.
B.3.8. (c) General
Sl
Name of Items
No.

Revised Rates

i)

Renewal
Guarantee

of The Charges will be the same as those applicable for issuance of

fresh Guarantees, except that the claim period be not charged for,
if the renewal is effected before the expiry date of the original
Guarantee. In essence the charges should be on total final claim
including the enhance period plus claim period.

ii)

Commission
Amendments

on For amendments other than amount, period and purpose of

Guarantee, commission at the flat rate of ` 1,000 will be recovered.

iii)

Guarantee
on Field functionaries may consider proposal for issuing Guarantees
account of payment favouring Customs/Excise Authorities for payment of Statutory
of Statutory dues
dues. As the risk factors for issuing of such type of Guarantees are
very high, no concession in Commission will be permitted for
issuing such type of Guarantees. However, Guarantee should not
be issued in favour of Income Tax/Sales Tax authorities for
payment of statutory dues without obtaining specific permission
from Head Office.

iv)

Guarantee
100%
Cover/FDR

against 25% of Normal Charges to be levied with a minimum of `700/-. As

Cash this is already a Concessional rate, no further concession would be
permitted at field level.

25

Sl
No.
v)

Name of Items

Revised Rates

Cancellation Charge

It is observed that borrowers are reluctant to arrange for return of

original Guarantee, duly expired, from the beneficiaries, as a result
of which the Branches are not taking prompt action to delete the
outstanding Guarantees from the Register, which bear negative
impact on computation Capital Adequacy.
In this regard, incase of Guarantees executed in favour of parties
other than Government Departments, the Branch/es will be required
to send a Registered Letter to the beneficiary, provided no demand
or claim has been made by the beneficiary under the Guarantee
within its validity period, indicating therein clearly that if the original
Guarantee is not returned to Bank within 15 days after the date of
expiry thereof, the Bank will delete the said outstanding Guarantee
from its Register/Book of Accounts. Accordingly, the following
cancellation charges will be realized from the respective borrowers
for non-return of original Guarantee after the date of expiry. The
realization of Cancellation Charge will not be applicable for
Guarantees issued to Government Authorities.
Amt of Guarantee

Revised rates

Upto ` 10 lacs
Above ` 10 lacs but below ` 20 lacs
` 20 lacs and above

` 1000 per Guarantee

` 2000 per Guarantee
` 5000 per Guarantee

v)

Refund of Guarantee For Guarantees tendered for cancellation, before the date
of
Commission
expiry, only a portion of the Guarantee Commission already
recovered be refunded to the Customer. Accordingly an amount
computed at half the originally charged rate for the unexpired period
of Guarantee in multiple of 3 months may be refunded.

vi)

Additional
Commission

Additional Commission at applicable rates will be levied on the

extended period of validity of Guarantees due to restraints imposed
on Banks by Court orders, at the instance of Customers, form
meeting their obligation to beneficiaries when the Guarantee is
invoked. In order to protect the Bank against possible disputes from
customers, the following clause may be incorporated in the Counter
Indemnity to be obtained from customers:
That if for any reason the Bank is prevented by any action initiated
by me/us from making payment to the beneficiary of the
Guaranteed amount, I/We will also be liable to pay the Bank
Guarantee Commission for the period for which I/We delay by such
action, the payment of discharge of the Guarantee.

B.3.8.(d) Letter of Comfort in lieu of Bank Guarantee

Letter of Comfort in lieu of Bank Guarantee @ 3% p.a. with a minimum for 2 Quarters would be
levied.

26

B.3.9. CHARGES ON INLAND LETTER OF CREDIT (LC)

General :

Commission must be charged when an LC is opened & amended and no refund may be
allowed in any circumstances whatsoever, whether a credit is cancelled, partly availed of or
expires wholly un-availed of.
When the Inland Letter of Credit opened by a bank is advised/confirmed by its own branch,
the advising/confirming branch of the bank will not be entitled to the advising/confirming
commission.
In case of invocation of Guarantee, devolvement of Letter of Credit and if it is not
regularized within a period of 30 days, all such Concessions allowed if any will be
withdrawn.
Out of pocket expenses such as postage, telegram, telex, fax cable etc shall be collected in
addition to the usual charges as detailed below:
Name of the Items

Revised Rates

At the time of opening

B.3.9.(a) Commitment Charge
(For the period of liability i.e. from the
date of opening of credit to the last
date of its validity)

0.30% of the LC amount for every period of three

months or part thereof.

B.3.9.(b) Usance Charges (according to the tenor of the bill at the rate of)
(a) Bills up to 7 days

0.30% of the Bill, Min. ` 500

(b) Bills over 7 days to 3 months

0.60% of the Bill Min. `750

(c) In excess of 3 months.

0.60% of the Bill for the first three months plus 0.30%
p.m. in excess of three months, Min. `1000

Note : Rates are based on size of Individual L/C opened.

Name of the Items
B.3.9.(c) Amendment Charge
a. If LC is amended by way of
increase in amount
b. If LC is amended by way of
extension of period.
c. Amendment other than above
B.3.9.(d) Revolving Letter of Credit
a. Opening Charge

Revised Rates
Both usance & commitment charges shall be levied
on the amount of increase. Min. `1000.00
0.30% of the LC amount for every extended period of
three months or part thereof. Min. `1000
`1000 per occasion
Normal LC opening charge

27

b. Reinstatement Charge

On each reinstatement, usance charges according to

the tenor as stated above and Commitment charge
of 0.25% on the reinstated amounts only.

B.3.9.(e) LC advising charge

(When advising Inland LC opened by
Correspondent Banks, which shall
include Letter of Authority/Order to 0.10% on each LC,
negotiate
but
does
not
carry Minimum `1000
confirmation, the advising bank shall
levy advising commission)
B.3.9.(f) LC Confirmation charge
(If,
advising
bank
confirms
a
Correspondents credit it should collect
a commitment charge for the full
validity of the credit)

@ 0.20% for every quarter or part thereof, Min.

`1000 as well as Usance charges according to the
tenor of the bill at the rate specified in B.3.9 (b)
above.

B.3.9.(g) Advise of transfer in transferable LCs

(Whether full or part and whether
` 500 for each advice of transfer
endorsed on the credit itself or not)
B.3.9.(h) Acceptance Charge
(Commission on LC calling for usance
0.25% of the bill per month, Min. ` 1000
bills to be drawn on and accepted by
the bank)
B.3.9.(i) LC Negotiation
Negotiating Branch shall levy negotiating charges at the following rates :
Bills :

(a) Up to ` 2.50 lacs

0.40% min. `1000

(b) Over ` 2.50 lacs

0.25%, Min. ` 5000

B.3.9.(j) Charges for giving

guarantee for discrepant
documents.

0.30%, Min. ` 1000

B.3.9.(k) Clean payment received

under LC
B.3.9.(l) Attestation of Commercial
Invoice subsequent to
negotiation
B.3.9.(m) Non-payment/ nonacceptance of demand/usance
bills of exchange on
presentation/on due date
B.3.9.(n) Allocation of sub-limit
B.3.9.(o) Charges for retirement of
bills under LCs.
B.3.9.(p) Letter of Comfort in lieu of
Letter of Credit or Buyers
Credit or Standby L/C

` 500 flat
` 50 per invoice Min. `100 in each occasion.

0.15% Min. `200

`5,000 p.a. for allocation of limits to each branch

0.25% Minimum ` 500
Charges applicable for Financial guarantee will be
applicable

28

B.3.10. PREPAYMENT CHARGES FOR LOANS OTHER THAN RETAIL CREDIT

Term Loan amount

All loans upto `10.00 lac

Revised Rates
In case of Term Loan, if liquidated out of own source/ own
generation- Nil.
In case availing loan from some other Bank/institution- 2% of the
outstanding loan plus tax.

All loans above `10.00 lac

2% of the outstanding loan plus tax.

NOTE:

Postage and other Out of Pocket Expenses to be realized on actual basis over and
above the Service Charges.

Service Tax to be levied extra as per circularized instruction.

***

29

Section C

FOREIGN EXCHANGE RELATED ISSUES

30

SECTION C
SERVICE CHARGES ON FOREIGN EXCHANGE RELATED ISSUES
Service Tax on Commission Amount, wherever applicable, SWIFT Charges / Out of Pocket
Expenses at Actuals, Courier/Postage etc. Charges, Early / Late delivery / Swap
Charges/Interest on Outlay of Funds etc., as applicable, shall be recovered in addition.
Appropriate buying / selling rate to be applied

1. IMPORT TRANSACTIONS
Commission on opening of LC or at the time of amendment is to be realised Upfront and no
refund shall be allowed.
1.A Commitment Charges: 0.15% per quarter or part thereof, min. Rs.1000/(For full validity of the LC I.e. from the date of opening to the last date of its validity)
1.B. Usance Charges:
Sl. No.

Name of the item

1B a)

Sight

1B b)

DA upto 90 days

1B c)

DA Beyond 90 days

Revised Rate
For LC s providing for bills upto 10 days sight
0.15% Min Rs 1000/For LC s providing for bills over 10 days sight
upto 90 days sight, 0.30% Min Rs 1500/For LC s providing for bills over 90 days sight:
0.10 % per month or part thereof.

NOTE: Both Commitment & Usance charges are related to opening of LC

1.C. Concessional Rates

Sl. No.
1.C i)

Name of the item

Revised Rate
Up to Rs. 5 crore (or equivalent Commitment & Usance Charges in Full as
in FC)
above

1.C ii)

Above Rs 5 crore Upto Rs 10 a) Full charges upto LC value of Rs 5 crore

crore (or equivalent in FC)
Plus b) 50 % of commitment & usance charges
as in 1A & 1B above on the amount in excess
of Rs 5 crore.

1.C iii)

Above Rs 10 crore (or equivalent a) Full charges upto LC value of Rs 5 crore

in FC)
Plus)
b) 50 % of commitment & usance charges as in
1A & 1B above on the amount in excess of Rs
5 crore upto Rs 10 crore Plus c) 40 % of
commitment & usance charges as in 1A & 1 B
above on the amount in excess of Rs 10 crore
LC issued with full cash margin

1.C. iv)

1. C. iv (a) Up to Rs. 5 crore (or equivalent

in FC)

31

25% of normal charges

Sl. No.
Name of the item
Revised Rate
1. C. iv (b) Above Rs 5 crore Upto Rs 10 60 % of Applicable Rate for FDR.
crore (or equivalent in FC)
40% of Applicable Rate for Cash
Margin
1. C. iv (c) Above Rs 10 crore (or equivalent 50 % of Applicable Rate for Both Cash & FDR:
in FC)

1.D. Amendment charges of L/c

Sl. No.
1.D. a)

1.D.b)

Name of the item

Extension of validity of LC within
the period for which commitment
charge has been collected
Where extension of validity of
credit goes beyond the period
for which commitment charge
has been collected

Revised Rate
Rs 500/- flat

(On the outstanding liability under the LC)

Fresh commitment charges at the applicable
rate per quarter or part thereof for the period of
extension with a minimum of Rs 750/-

1.D. c)

Enhancement of LC Value

1.D. d)

Amendment extending the tenor Usance charges as applicable for the amended
of the Bill of Exchange
usance period less already realised amount
Minimum Rs 1000/Amendment
other
than Rs 750/- flat
extension
of
validity
or
enhancement of tenor of the Bill
of Exchange (including deferred
payment LCs / Guarantees)
For revival of expired LCs within Usance & Commitment charges as applicable
3 months from the date of expiry for the outstanding LC liability from the date of
expiry up to the extended validity .Minimum Rs
2000/-

1.D.e)

1.D.f)

Value shall be arrived at by adding the

enhancement amount to the original value of
the LC. Both usance & commitment charges as
applicable for the value so arrived at, less
amounts already realised. Minimum Rs 1000/-

NOTE: In case both enhancement of LC Value and extension of validity of LC are

involved, both the charges as above are to be realised
1.E. Import Bills Under LCs:
Commission on Import Bills under LCs issued by us are to be recovered in addition to
LC issuing charges
Sl. No.
1E a)

Name of the item

Foreign Currency Bills under LCs

Revised Rate

At the time of retirement or crystallisation, whichever is earlier

1.E.a( i)

0.125% on bill amount Minimum Rs

1000/-

Up to Rs. 5 crores

32

1.E.a (.ii) Above Rs. 5 crore up to Rs. 10 crores

0.125% on Rs 5 crore plus 0.100%

on the amount in excess of Rs 5
crore and upto Rs 10 crore

1.E.a (iii) Beyond Rs. 10 crores

1 E b)

Charges as above for upto Rs 10

crore plus 0.075% on the amount in
excess of Rs 10 crore. Max Rs
175,000/Foreign Currency Import Bills under 0.125% on bill amount
LCs
where no exchange benefit accrues to Minimum Rs 1000/the Bank
Maximum Rs 200,000/-

1 E c)
1.E.d)

Rupee Bills under LCs

Late payment commission

1.E.f)

Charges on account of
documents

As per bill under domestic LCs

0.10% per quarter or part thereof for
the entire overdue period for bills
drawn under LC not retired within 10
days from the date of receipt of bills
in case of demand bills and on the
due date in case of usance bills, to
be recovered at the end of each
quarter.
discrepant USD 50/ per discrepancy, if
accepted by the applicant, to be
recovered
from
beneficiary
/
negotiating bank. ( Discrepancy
charges should be stipulated at the
time of opening of LC)
Discrepancies must not be in
violation of any of the provisions
of FEMA or any Statutory
Regulation

1.F. Commission on Import Bill {Not Under LC (Collection Bill)}

Sl. No.
1.F.a)

Name of the item

Where exchange margin is
earned on foreign currency bills

Revised Rate
0.20 % on bill amount.

1.F.b)

On each bill drawn in rupees and

on each bill drawn in foreign
currency on which no exchange
margin accrues.
On bills / documents covering
project import under inter Govt
aid scheme (including those
financed
by
international
agencies like World Bank, IMF,
ADB etc. where no letter of credit
is opened.
In case of documents received
by importers directly from
overseas exporters / bank.

0.35% on bill amount.

1.F.c)

1.F.d)

33

Maximum Rs 250,000/50% of rate as applicable for bills under LC /

Collection, as the case may be
Minimum Rs 750/- Maximum Rs 100,000/-

(At the time of remittance)

0.25 %
Minimum Rs. 2500/-

1.F e)

1.F f)

1.Fg)

1.F h)

1.F i)

1.F j)

1.F k)

If the overseas bank or the Rs 1000/- in addition to commission as

exporter
abroad
requests applicable for collection bill.
proceeds of collection bill to be
remitted in a currency other than
the currency of the bill
Countersigning Bill of Exchange 0.10 % per month or part thereof for the usance
drawn on importers under LCs
period , Minimum 0.20 % , Max 0.50 %
Payment of Import Bill which are
settled out of foreign currency
loans arranged abroad and from
balances in EEFC account
If import documents are required
to be forwarded to another bank
which is required to remit the
proceeds to the bank abroad
Booking of forward contract with
another bank in respect of import
bills drawn under LC opened by
us (i.e. import bill handled by
us but FC funds purchased by
the importer though other
bank in India )
Overdue Import Bills on
Collection

Import
Collection
Returned Unpaid

Commission as applicable for Collection Import

Bill where no exchange is earned

Rs 500/- as handling charge

0.125 %

Rs 500/-per quarter or part thereof for the

overdue period, to be realised at the end of
each quarter. Unpaid documents are not to
be held beyond two quarters, under
intimation to the overseas Bank. If refused by
the Importer, USD 20/ per quarter to be claimed
from O/S Bk.
Bill Rs 1500/ plus Overdue Commission as above.
If refused by the importer USD 100/- plus
overdue commission as above, to be claimed
from the overseas Bank

1.G. Inward Parcels : Rs 1500/- per month Parcels must be received through overseas bank /
correspondent and cleared by customs authorities.
2. EXPORT TRANSACTION

2.A. Export Bills Purchased / Negotiated / Discounted

Sl. No.

Name of the item

Revised Rate

2.A i)

Processing Charges for each

foreign currency export bill
Rs 1000/- per bill

2A ii)

Processing Charges for each

rupee export bill

34

Rs 1000 per bill

2A.iii)

2A iv)

2A v)

2A vi)

2A vii)

For forwarding export documents

on
which
no
collection
commission
or
exchange Rs 1000/ per bill
accrues to the bank(i.e. from one
bank to other bank in India)
Reimbursement charges under a) Reimbursement Claim from India , but
Letter of Credit
payment in FC : Rs 750/ per claim
b) Claim from abroad (other than the bank to
whom bills are sent): Rs 1250/ per claim.
Forwarding export document to
another bank for negotiation to Rs 2000/ per document
whom LC is restricted by the
bank and / or which has booked
the forward contract.
For joining customer's guarantee 0.15 % of the bill amount, Minimum Rs 1000/-.
and giving guarantees on behalf Discrepancies must not be in violation of
of customers in respect of any of the rules of the country / international
rule / practice
discrepant documents
Overdue export bills purchased / Rs 1000/- per quarter or part thereof per bill for
negotiated/discounted
where the overdue period (To be realised at the end of
proceeds are not received in each quarter)
Nostro accounts within Due /
Notional Due Date

Note:
a) Applicable also in case of deferred exports if the relative export proceeds are not
received within the stipulated period
b) Not applicable in case of bills drawn on countries with externalization problem but
paid in local currency and the exporter has obtained necessary approval from Reserve
Bank
2A viii)
2A ix)

Charges for discrepancies in

export documents under LC

=====
Change of Tenor (within 180 days of
shipment): Concessional rate on postshipment credit upto the extended period in
accordance with the directives of RBI. Recovery
/ payment of swap difference and interest on
outlay of funds, if any, to be made.
Change of Buyer Rs 500/- per bill

Substitution / Change of Tenor

2.B. Export Collection Bills:

Sl. No.

Name of the item

Revised Rate

2. B. i)

Both foreign currency & Rupee Foreign Currency Bills Where Exchange Margin
export Bills
is earned: 0 .10%
Min Rs 1000/- Max Rs 20000/Rupee Bill :
0.15%
Min Rs 2000/- Max Rs 25000/-

2 B. ii)

Export bills sent for collection Rs 500/- per quarter or part thereof for the
where proceeds are not received overdue period (To be realised at the end of
each quarter) (This is in addition to
within Due / Notional Due Date
commission as applicable for export bill
sent on collection)

35

Sl. No.

Name of the item

Revised Rate

2B iii)

For each complete set of export

docs sent by the exporter directly
to overseas buyer in terms of
extant FEMA guidelines while
disposing of the relative GR
forms

2B iv)

Docs handled against own FIRC

Rs 500/ per bill
Docs handled against other bank's FIRC
Upto Rs 2 lakh or equiv--Rs 300/ per GR
Minimum Rs 500/ per bill Over Rs 2 lakh or
equiv Rs 500/ per GR form Min Rs 750/ Max
Rs 2500/Foreign Currency Bills Where Exchange Margin
is earned 0.10% Min Rs 1000/Max Rs
25000/- Rupee Bill :
0.15%
Min
Rs 2000/Max Rs 50000/-

Additional
charges
where
proceeds of bills are received
through a bank other than the
collecting bank at the instance of
the exporter / overseas buyer.
Export Bills against which 0.10% per bill, if remittance received through
advance
payment
already us.
received
Min. Rs 500/- Max. Rs 3500/-

2B v)

0.125 % per bill if remittance received through

any other bank & FIRC is produced: Min Rs
1000/- Max Rs 10000/2B vi)

Commission in lieu of Exchange

2B.vi a)

Where pre-shipment advance

has been granted against a letter
of credit / export order but the
bills are negotiated through
another bank
Where the proceeds of an export
bill negotiated are paid in foreign
currency to another A.D.
Where an export bill is sent for
collection
abroad
but
the
payment is received in rupees
through another A.D. in India
Deemed export bills in foreign
currency as defined by the RBI /
Exim Policy from time to time.
Where an export bill is
negotiated / purchased / sent for
collection and its proceeds are
credited to EEFC A/C in full /
part.
When bank charges recoverable
from the drawee but refused
Export Bills Returned Unpaid

2B.vi b)

2B.vi.c)

2B.vi.d)

2B.vi.e)

2 B vi .f)
2B vi g)

36

0.125% Minimum Rs 1500/

-Maximum Rs
25000/-(Where foreign currency is not received
from the other AD)

0.125% Minimum Rs 1500/

25000/-

-Maximum Rs

0.125% Minimum Rs 1500/

25000/-

-Maximum Rs

0.125%
Minimum Rs 1500/- Maximum Rs 25000/NIL for the part held in EEFC A/C

Charges to be recovered from the exporter

Rs 500/ per Bill in addition to Collection /
Negotiation / Purchase Commission and
Overdue Commission, as applicable

2.C. Certificates:
Sl. No.
2 C I)

2 C ii)
2C iii)

Name of the item

Revised Rate
Issuance
of
certificates
/ Rs 150/- per certificate / attestation
attestation in respect of export
transaction
Registration
of
Export Rs 300/ flat per registration
Contracts
Rs 150/ flat per amendment
Annual
Export
Turnover Rs 1000/- per certificate (for each year)
Certificate

2.D. Processing fee for advance against Govt. sponsored incentive schemes.
0.150 % ,Minimum Rs 500/- Maximum Rs 5000/2.E. Export Letter of Credit (Including standby LC, Letter of Authority, Orders to
Negotiate, Orders for payment etc):
Sl. No.
2 E.i)

2 E ii)
2 E iii)
2 E iv)

Name of the item

Revised Rate
Advising
letter
of
credit Own Customer Rs 500/ flat
(recording,
scrutinising, Others Rs 1000/ flat
authenticating, verification)
Advising amendments
Rs 750/- per amendment
Advising LC / amendment to the Rs 750/ per LC / Amendment
beneficiary through another bank
When LC is already advised by Rs 100/ per LC If an LC has been advised to
other Bank and received for another branch of our Bank, no charge shall be
further advising
levied by the second branch.

2.F. Confirmation Charges (Subject to approval of the appropriate authority for adding
confirmation)
Sl. No.
2. F.i)

Name of the item

Commitment Charge

Revised Rate
Both Commitment & Usance Charges

2. F ii)

Usance Charge

As per charges for establishing Import Letter of

Credit with concessions for high values as
applicable

2.G. Transfer of Letter of Credit (To be recovered from the first beneficiary)
Sl. No.

Name of the item

Revised Rate

2.G.i)

Each advice of transfer

Rs 1000/- per transfer

2. H.

Acceptance
commission for
accepting usance drafts to be
drawn on and accepted by bank
in India

0.175 % per quarter and part thereof for the

usance period Minimum Rs 1500/-(Approval
from appropriate authority to accept is
required)

37

2.I. PCFC / FCBD / FCBN :

Sl. No.
2.I a)

Name of the item

Transaction charge

Revised Rate
Rs 25000/- per sanction.

FC Denominated Loans Other than for Export Finance

PSCFC

Rs 25000/ per sanction.

2.I b)

Commission

2.I c)

Bill Handling Charges

As per export bill purchased / negotiated /

collection
As per export bill purchased / negotiated /
collection

2.I.d)

Reversal of PCFC Transactions

2.I.e)

For non-submission of export

documents for liquidation of Flat Rs 1500/PCFC and / or non-realisation of
Bills
FCNR (B) Loan Transactions
a) Processing Fee: As applicable to fresh
Rupee Loan
b) Transaction Cost: Arranging / monitoring
FCDLFB Loan: Rs 25,000/c) Commitment Fee:1.00% if loan is availed
after one month but before 3 months from the
date of fund allocation.

3. REMITTANCE
3.A. OUTWARD REMITTANCE (Not Being Proceeds of Import Bill)
Sl. No.
3.A.i)

3. A ii)

3.A iii)

3.A iv)
3.A v)

3.A vi)

Name of the item

Revised Rate
On all foreign currency outward 0.125% Minimum Rs 250/ Maximum Rs 1000/remittances not being proceeds
of import bills
Issue of duplicate foreign a) Within 6 months from the date of issue Rs
currency draft
250/b) Beyond 6 months Rs 500/Rupee Remittances
Individuals 0.125%
Minimum Rs 100/- in all cases
Others: 0.30%
Minimum Rs 500/- in all cases
Outward remittances from FCNR Free of Charge for repatriation
A/c NRE A/c
Issuing Foreign Currency Draft Rs 250/- per draft.
for credit to FCNR A/c of (No Charge if FCNR A/c with other branch of
beneficiary with other Bank in us)
India
Outward Remittance by debit to 0.10% on EEFC amount
EEFC A/C
Minimum Rs 500/ (In addition to commission
as applicable for the purpose of remittance)

38

3.A vii)
3.A viii)

3.A ix)

3.A x)

Outward remittance made for Rs 500/ per remittance

repayment of FCL
Issue of Foreign Currency draft Rs 250/ per draft No Charge if FCNR A/c to be
for deposit with another bank credited is with our branch)
(FCNR) against a FC draft of
correspondent Bk.
Issuance of drafts towards gifts, Rs 150/- flat
donations, student application
(for amount upto USD 500/Advance Remittance against 0.150% Minimum Rs 1000/Import

3.B. INWARD REMITTANCE :

Sl. No.

Name of the item

Revised Rate

3.B i)

Encashment of TTs & purchase a) Rs 250/- per transaction

of MTs & DDs in respect of b) For small individual remittances up to USD
which cover has been received 500/- Rs 150/- per transaction
in Nostro accounts
c ) No Commission if proceeds are credited to
account with any of our branches
3.B ii)
Encashment of TTs & purchase 0.125% plus interest at domestic commercial
of
MTs
&
DDs
where rate for a transit period of15 days
reimbursements to be obtained
in cover by drawing demand
drafts on overseas branches or
correspondent banks
3.B iii)
Encashment
of
customer's 0.150% plus interest at domestic commercial
personal
cheques,
demand rate for 15 days
drafts,
international
money
orders, banker's cheque etc
payable abroad.
Rupee drafts issued by
3.B iv)
correspondent banks
3.B.iv)(a) Drawn on the branch where Payment by the branch where Vostro Account
correspondent
bank
Rupee is maintained
account is maintained
Free of charge
3.B.iv)(b) Drawn on the branches under
special arrangement
where
correspondent
bank
Rupee
account is not maintained

39

Payment by branches which are designated to

pay at per :
Free of charge.
Others to pay through designated branch.
Commission as per domestic cheque collection.

3.C. Clean Payments

Sl. No.
3.C.i)
3 C.ii)

3C iii)

Name of the item

Revised Rate
Effected under instructions from Rs 100/- No charge if credited to a/c with us
correspondents
Inward remittances to be paid in 0.100 % Minimum Rs 250/ Maximum Rs 5000/foreign currencies by way of a
demand draft / mail transfer /
payment
order/
telegraphic
transfer etc.
Remittance to NRE A/C
Free of charge if account with us, Rs 500/ flat
for accounts with other Bank

3.D. Certificates Relating to Remittances

Sl. No.
3.D i)

3.D ii)

3D iii)

Name of the item

Bank certificate on security
paper
in respect of clean
remittances from abroad and / or
encashment of foreign currency
travellers' chqs / foreign currency
Notes
Certificate on Bank's letter head
(where rupee value of inward
remittance does not exceed Rs
5000/-)
Duplicate
FIRC
(Original
reported lost)

Revised Rate
FIRC issued on security paper
Rs 250/- per certificate
FIRC issued on Bank's letter head
Rs 150/- per certificate

Rs 200/- per certificate

Duplicate FIRC (in lieu of original reported lost)

Rs 750/- per certificate.

3.E. CLEAN INSTRUMENTS FOR COLLECTION

Sl. No.
3E.i)
3E.ii)

Name of the item

Revised Rate
Clean instruments sent abroad 0.15% Minimum Rs 100/ Maximum Rs 5000/for collection
Foreign currency instruments Charges as applicable for inland transactions
sent on collection within India
on the Rupee equivalent of the instrument

4. Miscellaneous:
Sl. No.

Name of the item

Revised Rate

4 I)

Obtaining Opinion Report for Actual amount paid to outside agency plus out
exporter / importer (both)
of pocket expenses

4 ii)

Providing opinion reports to USD 50/- per opinion (to be recovered from
foreign banks on our customers
foreign bank)

40

5. MERCHANTING TRADE:
Sl. No.
5.i)

5. ii)

5.iii)

Name of the item

Revised Rate

If foreign currency remittances

are received in advance by the
exporter from the overseas
buyer and the funds are held in
nostro account at the specific
request of the exporter.
On import bills received under
back to back LC
On export bills
merchant exporters

drawn

Commission @ 0.075% on each transaction

Minimum Rs 2500/-.
Maximum Rs 15000/-

Commission at 0.125 % Min Rs 3500/ Max Rs

15000/-

by Commission at 0.125 % Min Rs 3500/ Max Rs

15000/

6. GUARANTEES :
Sl. No.

Name of the item

Revised Rate

6.A.i)

Guarantees favouring shipping companies / agencies pending production of

Bill of Lading
LCs Opened by us
Rs 1000/- per guarantee

6.A.ii)

Others

6 A iii)

Letter of Comfort in lieu of LC or

2% p.a. Minimum 1 quarter.
Bank Guarantee

6.A)

0.25% for first 3 months (Minimum) plus

0.075% for each additional month or part
thereof.

6.B. Guarantees for Project Exports:

Sl. No.
6.B .i)

Name of them
ECGC Cover 75%

Revised Rate
0.45% per annum plus ECGC premium at
actual.

6.B.ii)

ECGC Cover 90%

6.B iii)

Not Covered by ECGC

6.B.iv)

100% GOI counter guarantee

0.35 % per annum plus ECGC premium at

actual
1.20 % per annum. For fractional period beyond
completed years, pro-rata charges may be
realised but not below a complete month
50% of the rates against each type of
guarantee

6.B.v)

100% Cash Deposits to the

extent of Banks liability
Other Guarantees (not covered
above)
Other
Export
Performance
Guarantees Bid Bonds (not
covered above)

6.B.vi)
6.B.vii)

41

50% of the rates against each type of

guarantee
1.15 % p.a.
0.10 % per month, Minimum Rs 3000/- ;
25% of the commission shall be realised at the
time of issue of bid bonds. Balance 75% shall
be recovered if the bid materialises, otherwise,
no refund shall be made.

Sl. No.

Name of them
Concessional Rates

Revised Rate
(Bid Bonds for Project Exports)
Guarantee value upto Rs 5 crore :

6.B.viii)

6.B.ix)

6B x)

6B xi)

6B xii)

Export
performance
guarantees, bid-bonds, etc
(other than for project exports)
and
Export
Performance
Guarantees covering export
obligations in terms of import
trade control regulations and
export performance guarantees /
bid bonds connected with
deemed exports
Deferred payment guarantees
covering import of goods into
India / repayment of foreign
currency loan

Guarantees
issued
against
counter guarantee of other bank
( prime bank, correspondent &
within exposure limit)
Bid
Bonds
for
supplies
connected with Deemed Exports
/ Direct exports Other Than
Project Exports
a) All Other Guarantees

Full rate

Guarantee value above Rs 5 crore :

Full rate upto Rs 5 crore plus 50% of the
specified rate on the amount in excess of Rs 5
crore
0.10% per month, Minimum 0.30% or Rs 1000/, whichever is higher In case of early
redemption, Maximum 50% of the commission
for the unexpired period i..e. from the date of
redemption to the date of expiry shall be
refunded

0.175% per month or part thereof for the

specified liability calculated on the amount of
liability under such guarantee at the beginning
of every quarter. If instalments are remitted by
other A.D., the latter shall compensate @
0.125% commission on the amount so remitted

0.175% per month Minimum Rs 1000/-

0.15% per month, 25% of the commission shall

be realised at the time of issue of bid bonds.
Balance 75% shall be recovered if the bid
materialises, otherwise, no refund shall be
made Minimum Rs 1000/a) 0.10 % per month, Minimum Rs 3000/-

b) If Guarantee period is less b) 0.30% Minimum Rs 3000/than 2 months

c) In case of early redemption

c) Pro rata commission may be refunded at the

discretion of the branch for full months only (not
fraction of months)

42

7. FOREIGN CURRENCY TRAVELLERS' CHEQUE

Sl.. No.
7. i)

7.ii)

7.iii)
7.iv)

Name of the item

Revised Rate
Commission
on
Rupee 0.75 % on Rupee Equivalent, Minimum Rs
equivalent of travelers' cheques 250/sold to Indian residents
Commission on foreign currency 0.50% on Rupee equivalent Minimum Rs 500/travelers'
cheques
issued
against
foreign
currency
remittance at the request of the
beneficiary.
TC Encashment
No charge.
Sale & Purchase of Foreign At Bank's Card Rate or at rate quoted by
Currency Notes & Coins
nearest agencies for disposing off the currency
/ procuring the currency, whichever is
favourable to the bank Plus Commission:
Upto USD 50/- Nil) Above USD 50/0.25 %
Min Rs 10/- Max Rs 2000/- No Charge for
Resident & NRI Customers

8. FORWARD CONTRACTS:
Sl. No.
8.i)
8.ii)

Name of the item

Revised Rate

For booking sales and purchase Rs 500/- flat per contract

contracts
For each request for early Rs 500/- plus swap cost and cancellation
delivery,
extension
or charges wherever applicable
cancellation

9. EEFC Accounts:
Sl. No.
9.i)

Name of the item

Revised Rate

Inward remittances credited to NIL

EEFC account with our bank

10. Other Charges :

Sl. No.

Name of the item

Revised Rate

10.i)

SWIFT Charges for

a)
b)

LC Opening
BG Issuing

Rs 1000/- per LC
Rs 1000/- per BG

c)

Outward remittances

Rs 500/-

d)

Amendment / Other Messages

Rs 500/-

43

Sl. No.
10.ii)

10.iii)
10.iv)
10.v)
10.vi)

10.vii)

10.vii)
10.viii)

Name of the item

Revised Rate

Application to RBI for extension

of time period (ETX Form) for
realisation of export proceeds
beyond prescribed period
Follow up of Bill of Entry
Approval for Write off of Export
Bill
Processing Charges for any
other application to RBI
Foreign Bank charges (for LC
advising where charges are to
be borne by foreign bank.
Attestation
Charges
for
application of Importer / Exporter
Code No
Issuance of GR waiver certificate
Returning of clean instruments /
bills etc sent for collection
abroad

Rs 500/- per application

Rs 350/ per Bill of Entry per half year

Proposal to RBI Rs 2500/- , Under
Authority - Rs 2000/- per case
Rs 500/- per occasion

Bank's

USD 25/-per LC USD 15 per amendment

Rs 250/- per application

Rs 100/ per waiver

25% of Commission as applicable for collection
items as appropriate.

DISCRETIONARY POWERS TO REDUCE CHARGES IN FOREX BUSINESS ITEMS

Concessions / waiving of service charges for foreign exchange related transactions ay

be permitted by the competent authority as under, on a case to case basis.
Concessions

Competent Authority

Upto 25% of normally applicable

charges

Branch Head (DGM/AGM)

Upto 50% of normally applicable

charges

Zonal Head (GM) / GM (Credit) HO

Upto 75% of normally applicable

charges

Executive Director.

Upto 100% of normally applicable

charges

Chairman & Managing Director/

Zonal Head ( DGM/AGM) / DGM (Credit) HO

GM (Foreign Dept. H.O.)

Executive Director (in absence of C & M D)

44

Section D

DP CHARGES FOR
BENEFICIARY ACCOUNTS

45

SECTION D
DP SERVICE CHARGES FOR BENEFICIARY ACCOUNTS
Name of the Items
A/C Opening
A/C Closing
Custody Charge
Dematerialization Charges
Equity Shares

Investors Account
NIL
NIL
NIL

Revised Rates
Traders Account
NIL
NIL
NIL

`3 per Certificate
`3 per Certificate
Minimum `25 per DRF +
+ Mailing Charges
Mailing Charges
(Free for Allahabad Bank
(Free for Allahabad Bank
Shares)
Shares)
`50 per Request + Mailing Charges

Bond/Debenture/GSec/Commercial Paper
Rematerialisation Charges
`25 per certificate + Mailing Charges
Annual Membership Fee
`300 p.a. Upfront
`1200 p.a. Upfront
Transaction Fees (Per Transaction): (Equity/Bond/Debentures/ G-sec)
Market/Off-Market Transaction
NIL
NIL
(Buy)
Market/Off-Market Transaction
` 10 (Other DP)
`25
(Sell)
` 10 (Allahabad Bank DP)
Transaction Fees (Per Transaction): (Commercial Paper)
Market/Off-Market Transaction
NIL
NIL
(Buy)
Market/Off-Market Transaction
`1000
`1000
(Sell)
Pledge
Creation
`100
`100
Closure/Invocation
`50
`50
Miscellaneous Charges
Documentation Fees (During
NIL (Cost of Stamp Paper to be paid `10 at present)
Account Opening)
Delivery Instruction Book
Re.1 per folio
Additional Statement (Current)
`25 per statement
NIL
Instruction Received at Clients
`50 per transaction
`25 per transaction
Risk *
Instruction Failure Charges
`50 per transaction
NIL
Note
1. Annual Membership Fees will be taken upfront in first billing month. Annual Membership Fees will
be charged on quarterly pro-rata basis for new clients.
2. Custody Charges will be realized at the end of the financial year. No Minimum or Maximum
charges applicable.
3. Charges will be deducted from savings/current account to be opened by depository account holder.
4. All charges are subject to revision as and when decided by the DP.
5. *Instructions deemed at Clients Risk
 Inter-depository transfer on the same day received after 14.00 hour
 Off-market instruction with request to execute before 10.00 hours on the same day.
 Instructions submitted after 16.00 hours on the previous day of pay-in deadline.

46

NOTE:





Postage and other Out of Pocket Expenses to be realized on actual basis over and
above
the Service Charges.
Service Tax to be levied extra as per circularized instruction.

47

SECTION E
SERVICE CHARGE CONCESSIONS ON VARIOUS ISSUES

Section E

CONCESSIONS ON VARIOUS ISSUES

48

SECTION E
SERVICE CHARGE CONCESSIONS ON VARIOUS ISSUES
1.A.

CONCESSIONS ON MISCELLANEOUS ITEMS

To compete with other banks, for Transfer of Funds (*Both for Deposit and Borrowal Accounts),
concessions may be given on the following items as under:
a) Issuance of DD/Bankers Cheque
b) NEFT/RTGS/ECS (Concessions covered in Section A at concerned items No. 12,
13A, 14 & 15)
Concessions on the above facilities i.e. a) & b) may be extended to important Corporate
customers/valuable constituents on a very selective basis, considering the merit of the case viz.:i)
Total business connection with the Bank
ii)
Frequency of the operation at the Branch
iii) Cost to the Bank is minimal

* Note:
Deposit Accounts:
Transfer of funds periodically from the collection accounts maintained at branches to Regional
Collection Account and the aggregate collection is transferred as per standing arrangement to
the Main account of the organization/firm/company.
Advances/Borrowal Accounts
i)
Accounts from where debit balances are transferred.
ii)
Accounts from where credit balances are transferred
The Powers regarding Approval Authority for concessions on above remittance facilities are as
under:
Sl.
No.

Approval Authority
for Concessions

Amounts
to be Remitted
Upto `10,000
Upto `25,000

1.
2.

Branch Headed by Scale II

Branch Headed by Scale III

3.
4.

Branch Headed by Scale IV

Upto `50,000
Branch/Zone headed by Scale V Upto `50,000 &
& above
Above

Amount of Concession
Upto 100% Concessions on
Service
Charges
for
remittance

The Branch Head upto Scale-IV may seek the permission of the higher authority for extending
concessions beyond their capacity. Extent of concession has been left to the discretion of the
branch head based on business consideration and value of connection on case-to-case basis.

49

[II]

Other Business:
The Concessions regarding reduction/waiver of Service Charges for other issues on case-tocase basis may be considered as under:
As our Bank is operating in a highly competitive environment, the Zonal Head or AGM/DGM
headed branches, may use his/her discretion to slash the quantum of Service Charges upto
100% on normal Service Charges to important corporate customers/valuable constituents
considering the total business connection/ potential earning from the customer/frequency of
operation of the branch etc.
Note: Recording of concession to avoid seepage, a register of various concessions
given, should be maintained separately by each authority, which will be available for
inspection / review as & when required.

1.B. CONCESSIONS IN RTGS/NEFT:

1. Zonal Head/Branch Head of Scale-V & above may be authorised to allow upto 100%
concession (free) of Service Charges on Remittance through NEFT/RTGS to the
constituents on merit basis.
2. Branch Head may be authorised to allow upto 50% concession of Service Charges
on Remittance through NEFT/RTGS to the constituents on merit basis.
3. These charges shall be applicable for all types of transactions, including inter-bank
funds transfer.

1.C. EXEMPTION ON SERVICE CHARGES UNDER PRIORITY SECTOR

Name of the items

Revised

Processing/ Up front Fees, Mortgage Charges, Documentation Charges, Supervision/

Inspection Charges, Incidental Charges,
For loans allowed
Free of charges
i) Under Govt. Sponsored Schemes viz, SGSY, SJSRY,
PMRY, PMEGP etc.
ii) Under ACC, SCC, GCC, JLGs, SHGs, Swarozgar Yojanas
under SGSY, all weaker section* borrowers, PACs and
FSS advances
Revised
(a) In the accounts having limits upto `5 lac under agricultural/priority sector credit above
service charges may be waived by the respective Zonal Heads to the extent of 100%.
(b) In the accounts having limits above `5 lac under agricultural/priority sector credit above
service charges may be waived by the respective Zonal Heads to the extent of 50%.

SUB-CATEGORIES OF WEAKER SECTION OF THE PRIORITY SECTOR:

(a) Small and marginal farmers with land holding of 5 acres and less, and landless labourers, tenant
farmers and share croppers;
(b) Artisans, village and cottage industries where individual credit limits do not exceed ` 50,000;

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(c) Beneficiaries of Swarnjayanti Gram Swarozgar Yojana (SGSY) now National Rural Livelihood
Mission (NRLM)
(d) Scheduled Castes and Scheduled Tribes;
(e) Beneficiaries of Differential Rate of Interest (DRI) scheme;
(f) Beneficiaries under Swarna Jayanti Shahari Rozgar Yojana (SJSRY);
(g) Beneficiaries under the Scheme for Rehabilitation of Mannual Scavengers (SRMS);
(h) Advances to Self Help Groups;
(i) Loans to distressed poor to prepay their debt to informal sector, against appropriate collateral or
group security.
(j) Loans granted under (a) to (i) above to persons from minority communities as may be notified by
Government of India from time to time. In States, where one of the minority communities is, in
fact, in majority, item (j) will cover only the other notified minorities. These states/Union
Territories are Jammu & Kashmir, Punjab, Meghalaya, Mizoram, Nagaland and Lakshadweep.

1.D. CONCESSIONS ON LETTER OF CREDIT (LC)/BANK GUARANTEE(BG)

LCs up to `5 crores
LCs above `5 crores up to `10 crores :

Normal rate as above

Up to `5 crores normal rate & beyond `5 crores up to `10 crores
85% of the normal rate to be charged.

LCs above Rs.10 crores:- Up to Rs.10 crores as above & beyond Rs.10 crores: 70% of the
normal rate to be charged.
The above concessions for Inland LC above Rs. 5 crore is to have more high value
business
The concessional charges @ 25% of normal charges for Letter of Credit and Bank Guarantee
facilities fully secured by cash deposit/FDR will be realized. As this is already a concessional
rate, no further concession would be permitted at field level.

1.E.

DISCRETIONARY POWER TO REDUCE SERVICE CHARGES ON FOREX BUSINESS

The concessions regarding reduction/ waiver of service charges for Foreign Exchange related
issues on case to case basis may be considered by the filed functionaries as indicated here
under only in case of limit sanctioned by the concerned authority or limit sanctioned by a level
lower than the authority.
Concessions
Upto 25%
Upto 50%
Upto 75%
Upto 100%

Competent Authority
Branch Head(DGM/AGM)
Zonal Head (DGM/AGM)/DGM (Credit) HO
Zonal Head (GM)/GM (Credit) HO
GM (Foreign Dept. H.O.)
Executive Director
Chairman & Managing Director
/Executive Director (In absence of C&MD)

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1.F.

CONCESSIONS ON DP SERVICE CHARGES

The Concessions regarding reduction / waivement of DP Service Charges for Beneficiary

Accounts on case-to-case basis may be considered as under:
Sl. No.
1.

Authority for permitting Concessions

Concessions
Upto 25% of total charges
Asstt.General Manager (Marketing)/
Dy. General Manager (Marketing)
2.
General Manager (Marketing)
Upto 50% of total charges
3.
Executive Director
Beyond 50% of total charges
4.
Chairman & Managing Director/ Executive Director in FULL POWER
absence of Chairman & Managing Director
Note: The proposals for consideration of concessional Service Charges should carry the
recommendation of the respective Zonal Head.

2.

Postage and other out of pocket expenses to be realised on actual basis over and above the
service charges.
Service Tax to be levied extra as per circularised instruction.

CONCESSIONS TO STAFF/EX-STAFF MEMBERS/WIDOWS OF EX-STAFF MEMBERS

a.

Ledger Folio Charges

b.
c.

Standing Instructions
Outward remittances

d.

Collection of Cheques/
Demand Drafts
Issuance of Rupee
Travelers Cheque
Locker Rent

e.
f.
g.
h.

3.

Fall in Minimum Balance

Anywhere Banking/MCC
Facility

No incidental charges to be levied on account maintaining in the

name of existing/retired employees or jointly with close
relatives.
No charges
All DDs/ MTs/ TTs/ Bankers Cheque be issued free of charge.
Cost of telegram in case of TTs to be recovered.
No charges.
No commission to be charged
Staff members (including the retired Staff members) will be
charged 50% of the annual rental charges.
No charges
No charges

CONCESSIONS TO DEFENCE, PARAMILITARY PERSONNEL & EX-SERVICEMEN

The Defence and Paramilitary personnel including ex-servicemen are the beneficiaries of the
following concessions in respect of Service Charges from Public Sector Banks:
i)

At par collection of salary/terminal dues.

ii)

At par remittances to family up to `10,000 per month and one time remittance for
payment of school/college fees in a year (out of pocket expenses to be recovered)

iii)

At par custody of Wills

iv)

In-house Standing Instructions free of charge.

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4. FACILITY FOR FREE TRANSFER OF FUNDS FOR REGIONAL RURAL BANKS (RRBs)
In compliance of RBI directives, the concessions for RRBs are as under:
I.

Facilities for free transfer of funds should be extended by the branches for remittance of
funds between the Head Offices of the RRBs and their different branches free of cost
irrespective of the fact whether the RRBs are sponsored by the Bank or not. The remittance
may be allowed in multiples of `5,000 subject to a minimum of ` 5,000.

II. Other concessions to RRBs are:

a.
b.
c.

d.

e.

Transfer of funds for RRB Branches

Refinance installment to NABARD
Cheques/Drafts etc. drawn in favour of RRBs and
tendered by RRBs to Banks for collection irrespective
of whether such RRBs are sponsored by us or not.
Collection of charges on third party
cheques/instruments drawn on
PSBs and tendered to them for collection by RRBs
Collection charges of third party cheques/instruments
tendered by PSBs to RRBs for collection

No Service charges
No Service charges
No Service charges
Collection charges to be
shared on the basis of
50% of our charges +
50% of their charges

5.

CONCESSIONS TO SENIOR CITIZENS/PENSIONERS

20% below the normal Service Charges for Deposit Accounts and other Miscellaneous Issues
would be allowed.

6.

FREE COLLECTION/REMITTANCE FACILITIES

Item Names
(i)

Cheque issued by Government of India in respect of Grants made

from Prime Ministers Relief Fund to State Government, District
Magistrate etc. should be collected free of charges
(ii) Cheques tendered by Government Departments for credit to
Government Accounts will be collected at par and this is applicable
to all Government Transactions including State, Railways, Defence
etc. However, cheques drawn at centres where, the agency banks
do not have their branches and required to collect the cheques
through some other scheduled banks/co-operative banks, collecting
banks commission may be charged by the Agency Bank.
(iii) Govt. Departments attached to the Ministry of Commerce/Food &
Civil

53

Revised
rates

Free of
charge

Item Names

Revised
rates

(iv) Supplies/Textiles & Department of State Govts. /Railways/ Defence

etc.
(v) Religious, Welfare, Service & Charitable Institutions, if they are
exempted from payment of Income Tax.
(vi) Cheques issued by Govt. authorities representing subsidy under
IRDP & other special programmes
(vii) Salary payment of teachers employed in Govt. run schools
(viii) Blind, physically handicapped, disabled individuals and institutions
set up for their benefits
Free of charge
(ix) Cheques deposited by DRDA, Farmers co-operative societies
sponsored by our Bank, Primary Agriculture societies banking with
our bank
(x) Pay orders/drafts for making direct payments to suppliers while
disbursing loans under Govt. sponsored schemes
(xi) Free collection/remittance for Prime Ministers relief fund/Chief
Ministers relief fund/National Defence Fund.
(xii) Dividend warrants, interest warrants and refund orders
(xiii) Gift cheques of our Bank are to be issued collected at par
(xiv) Collection/discount of pension bills/pension cheques of pensioners
of Central/State Govts and Armed forces.
(xv) Collection/discount of pension bills/cheques of freedom fighter.

6. CONCESSIONS REGARDING CREDIT RELATED ITEMS

The concessions regarding reduction/waivement of Service Charges including handling/processing,
upfront, collection, discount charges etc. on also Commission on Bank Guarantee and Letter of
Credit in case to case basis may be considered as under:
Sl.
No.
i)

Revised Concession
a. Concession upto 25% may be permitted by Branch Head/Zonal Heads headed by
AGM/DGM & DGM (Credit) Head Office, in case of limit sanctioned within their
Discretionary Authority or a lower authority. i.e minimum 75% charges are to be
realized.
b. Concession upto 50% may be permitted by Zonal Heads (GM)/General Manager
(Credit) Head Office in case of limits sanctioned by themselves/ or sanctioned by a
lower authority.
c. Concession upto 75% may be permitted by the Executive Director in case of limit
sanctioned upto his/her authority or sanctioned by a lower authority i.e. 25% of
normal charges to be realized.

54

d. Concession upto 100% may be permitted by the CMD/ED (in absence of CMD) in
case of limit sanctioned in all cases including himself and those sanctioned by
MCBOD. However, for the limit sanctioned by MCBOD reporting will be made to the
MCBOD within 60 days.
ii)

Concessional charges @ 25% of normal charges on Guarantee/s fully secured by

Cash/FDR (normal rate) may be realized subject to minimum charge of `700 (`200+
`500). Since it is a concessional facility, no further concession would be permitted at field
level.

iii)

Concessional charges @ 50% of normal charges for Guarantees issued by the Bank
against counter Guarantee of State Government/Central Government/Prime Bank will be
allowed.

iv)

a) Service Charges viz. processing fees, upfront fees, mortgage charges and
documentation charges in the accounts having limit up to `5 lac under
agriculture/priority sector credit only may be waived by the respective Zonal Heads to
the extent of 100%.
b) In the accounts having limits above `5 lac under agricultural/priority sector credit above
service charges may be waived by the respective Zonal Heads to the extent of 50%.

v)

For waiver of prepayment charges, in case it is sanctioned by Branch/Zonal Office,

permission from Zonal Office/Head Office will be obtained. In case the loan is sanctioned
by Head Office, such waiver will be considered by respective sanctioning authority.

vi)

Service Charges will not be realized if specifically mentioned in any of Banks/RBI/Govt.

Schemes/Guidelines.
No Charges will be realized for Staff Loans. However out of pocket charges will be
realized on actual basis.

*******************

55