order

Sub: Revised Rates of Various Bank Charges and

Withdrawal of few restrictions on CBS Transaction

As per decision of the authority of the Bank the rates of various bank charges have been revised / changed. Due to such changes, the rates of Bank charges (inclusive of taxes) on the below mentioned items would be as under:-

(A) Charges for non-maintenance of Minimum Balance based on Average Monthly Balance (AMB) will be effective from the month of May, 2018 of the Financial Year 2018-19 (inclusive of taxes):

Particulars Existing Revised
  AQB Charge in Fall of AQB AMB Charge in fall of AMB
SB (Individual) – CHQ `90000.00 `100.00 `30000.00 `45.00
SB (Individual) – NCHQ `45000.00 `100.00 `15000.00 `45.00
SB – No Frill, Salary, Pension, Old Age, NREGA, Staff/ Ex-Staff `0.00 `0.00 `0.00 `0.00
SSB – CHQ `90000.00 `100.00 `30000.00 `45.00
SSB – NCHQ `45000.00 `100.00 `15000.00 `45.00
CD – Individual `450000.00 `200.00 `150000.00 `80.00
SCD `180000.00 `200.00 `60000.00 `80.00

(B) Locker Rent & various locker related charges (inclusive of taxes) and Minimum Balance for Locker will be as follows:-

Type of Locker Existing Revised
Small Locker Rent `500/- p.a. `600/- p.a.
Medium Locker Rent `600/- p.a. `800/- p.a.
Large Locker Rent `700/ p.a. `1000/- p.a.
Locker visit Charge 24 free visit in a calendar year thereafter `20 per visit 12 free visit in a Financial Year thereafter `100/- per visit
Loss of Key of Locker `400/- plus break open charge `1000/- plus break Open charge
Minimum Balance for Locker Rs.20000/- in SB A/c `15000/- in the form of F.D. and the interest of the said FD will be transferred to Locker linked SB A/c / CD A/c of the customer and locker rent will be deducted quarterly from the said SB / CD A/c.

 

Continued to Page – (2)

(2)

(C) Other Bank Charges on different Services will be as follows (inclusive of taxes):-

Particulars Existing Charge Revised Charge
Annual ATM Charges `118 `185/-
Duplicate ATM Card Charge

(one time)

`176 `125/-
Duplicate PIN Charges for ATM

(one time)

`59 `61/-
SMS Alert Charges (Quarterly) `18 `19/-
Nominee Cancellation Charge NIL `50/- per occasion
Charges for issuance of D.O. for

Farm Subsidy Loan

NIL `300/-
A/c Statement Charge `30/- upto 3 months & `15/- for every additional months
Cheque Return Charge In addition to actual

postage cost, if any

`40/- per occasion

In addition to actual

postage cost, if any

`100/- per occasion

Incidental Charge for CD/SCD  A/c

(other than the accounts of ECCS/

PACS/FSCS/LAMPS affiliated to the Bank including SHG)

`75 each year `100/- each year
Standing instruction charge `20/- per transaction NIL
ACH Dr. Return Charge `100/- per occasion

 

(D) Fund Transfer from one branch to another branch or within the branch (CBS Transfer) – NO CHARGE.

All other terms and conditions in regard to Bank charge will remain unchanged.

Apart from above few transactions which were previously restricted in CBS transaction have also been relaxed as below:-

  1. Cheque can be received from the depositor of any branch for collection provided that the said a/cs are KYC compliant.
  2. Non-Home recurring deposit and loan repayment can be accepted, except closure/discharge of the loan a/c.
  • Standing instruction can be done from any branch of the bank.

All concerns are requested to act accordingly.

General Manager

Memo No.  B & D/07 /1(49)                Date: 12/04/2018

Copy forwarded for information & necessary action to:-

  • Deputy Manager (All)
  • Section Officer (All)/ Section Officer, Computer is requested to take necessary action for implementation of the same in CBS software, wherever applicable.
  • Branch Manager (All)

General Manager

Memo No.  B & D/07 /2(15)                          Date: 12/04/2018

Copy forwarded for information to:-

  • The Hon’ble Chairman of the Bank
  • The Hon’ble Vice-Chairman of the Bank
  • The Hon’ble Secretary of the Bank
  • Hon’ble All Other Directors of the Bank

General Manager