Bank announces Financial Results for quarter ended, 31st December 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities Visit our website https://www.bankofbarodauk.com/ for any further information.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
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.
The charges for each service of Doorstep banking is Rs 75 plus applicable GST.
a) Charges for issue of Duplicate Statement / Pass Book
Current Account as under:
Saving Bank account as under:
In case of loss of complete blank cheque book
Charges for Cheque returned unpaid –(Outward) Clearing / Transfer
1. Charges at Branch against RTGS and NEFT charges mentioned under section Service charges & Fees
Non Individual
A) On all RTGS Transactions (INWARD)----NIL
B) Outward charges
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 )
NOTES :
-- 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)
(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
(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
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
Bill purchased/discounted/negotiated
a. Foreign Currency Export Bill
General Notes:
Retail Product
Concessional Processing Charges effective from 01.07.2022 to 30.09.2022
Concessional Service Charges effective till 31.05.2023
Baroda Home Loan (All variants)
For lead sourced through Digital Channel :
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹7500.00 + GST (Per Property)
For lead sourced through Non-Digital Channel:
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹8500.00 + GST (Per Property)
NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.
NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement
NIL, subject to recovery of out of pocket expenses of Rs.3,500.00 + GST (Per Property).
NIL, subject to recovery of out of pocket expenses of Rs.5,000.00+ GST to Rs. 8,500.00 + GST (conditions apply)
NIL, subject to recovery of out of pocket expenses of Rs.10,000.00 + GST (Per Property)
Baroda Top Up Loan
100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹5000.00 + GST (Per Property)
Minimum Rs.10, 000.
Home Loan & Mortgage Loan:
Pre-payment charges under fixed rate loan is as under-
Baroda loan against Future Rent Receivable (FRR) upto Rs.100 crores:
Auto Loan:
Two Wheeler Loan Scheme
Education Loan:
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.
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
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
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.
Internet Banking
EPFO online collection/ ESIC online collection
Rs 10/-
IRCTC online TICKET BOOKING
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
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
National E-toll Collection
Tag Issuance Fee
Rs 84.74/-
Tag Replacement Charge
Rs 50/-
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/-
Debit Card PIN Regeneration
RuPay Classic (Non Personalised/ Personalised)
Rs 50/- per regeneration
RuPay Platinum (Non-Personalised/Personalised)
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.
Rs 200/-
ATM
Number of Free OFFUS transactions
Metro ATM-3, Non Metro-5
ATM charges after free OFFUS transactions
For Financial Transaction
Rs 20/- per transaction
Rs.21/- per transaction (w.e.f. 01-01-2022)
For Non – Financial Transaction
Rs 10/- per transaction
Rs.11/- per transaction (w.e.f. 01-01-2022)
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/-
Gift Card -Issuance : For amount Rs 2,001/- Rs 10,000/-
Gift Card -Revalidation charges
Gift Card -Card Usage Charges (Per balance Inquiry)
Reloadable card: Issuance charges
Reloadable card-Revalidation charges
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
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
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
SMS Alerts Charges
20 Paisa/SMS+GST with a cap of Rs.15+GST per month. (Charges will be debited in every succeeding month)
1.
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.
2.
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
3.
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
Sr. No.
Area of Banking Service
Revised service Charges (Excluding GST) w.e.f. 20.06.2019
A/c Opening Charges
Rs 500/- for Individuals and Rs 750 for Non Individuals (under revision)
DEMAT Annual Maintenance Charges
AMC will be charged at Rs 100/- plus GST only for the value of holding from Rs 50,001/- up to Rs 2,00,000/- during financial year.
Dematerlisation of shares
Rs 5.00 per certificate with minimum of Rs 50/- plus actual postage plus
Re-materlisation
Transaction Charges
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
Pledge Creation
Rs 100/- per ISIN per request
Pledge Creation confirmation
Pledge Closure
NIL
Pledge Closure Confirmation
Pledge Invocation
Failed instruction Charges
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.
Overdue Charges
Interest @18% p.a. will be payable for payment of service charges after due date (under revision)
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.
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.
Statutory Charges at the time of Account Opening
Advance / Deposit
Installation chrgs
MDR
0
Debit card
Txn upto 1000
from 1000 to 2000
above 2000
0.90%
Credit card
Standard (for all credit card & International Debit Card)
1.99%
premium
super premium
Diners & Discover Cards
3%
Security Deposit
1) GPRS Fixed/Wireless/ PC POS -Rs 10000/- 2) PSTN: Rs 6000/-
Copy of Charge Slip
Mark Up for International Txn
(F) Commitment Charges (Fund based & Non Fund Based facilities)
Commitment Charges (Average of Fund based + Non-Fund Based facilities)
QIS submission to be done as per prevailing RBI guidelines.
At the time of closure of accounts, the commitment charges to be recovered on a proportionate basis.
Guarantees Commission oninland guarantees
Whenever earmarking in the existing limits is done and /or a “Stand by Credit Assistance” is provided to any borrower to facilitate liquidation of Commercial Paper (CP) issued by that borrower, then a “Credit Enhancement Fee” of1.00%p.a. on the amount of “Standby Credit Assistance” is to be levied upfront. Performance Guarantee: 0.20% p.m Financial Guarantee:0.25% p.m
(charges to be recovered for the period including claim period, if any, at the time of issue. Part of a month to be treated as a complete month)
Where 100% cash margin (including FDR) is provided 25% of Normal charges as above is applicable.
Commission on Inland guarantees guaranteed by other banks / Letter of comfort
In respect of high value guarantees > Rs. 5 cr. the charges may be recovered on an annual basis, at the request of the customer and subject to the branch being confident of recovery at the beginning of each year.
Refund for guarantees tendered for cancellation before the expiry date. Extended period of validity of guarantee due to restraints imposed by Court Orders at the instance of constituents from meeting their obligations to beneficiaries, when guarantees are invoked.
REFUND FOR GUARANTEES ON CANCELLATION: 50% of the commission charged for the unexpired period from the original date of issue / date of extension (part of month in unexpired period, to be ignored)
EXTENSION OF GUARANTEE: At the rates mentioned above in sr.no.2 calculated for the extended period (inclusive of claim period).
Documentation Charges
Charges for carrying out inspection of securities charged to the bank (for other than retail loans)
To be charged w.e.f 20.09.2019 till 13.08.2020:
Upto Rs. 5 Lakh: Nil Above Rs. 5 Lakh – Rs. 1 Crore – Rs. 1,000 Above Rs. 1 Crore - Rs. 10 Crore – Rs. 5,000 Above Rs. 10 Crore - Rs. 25,000 per location
In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered.
To be charged w.e.f. 14.08.2020:
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 i) 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).
ii) 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
Mentioned rates are also applicable to all segments. (HO:BR:111:203 dated 29.07.2019)
Charges for all inland L/Cs
Unified charges (Commitment + Usance)
Sight LCs and upto 30 days usance: 0.70% LCs beyond 30 days usance: 0.20% p.m (the period is to be calculated from the date of opening of LC to the last date of its validity + usance period of bill and part of a month should be construed as a completed month)
Commitment Charges: Minimum Rs. 5000/- Extension /Amendment of LC Rs. 500/- per amendment plus unified charges applicable as per above for the extended period.
Rs.500 per amendment. In case of enhancement of the value of a Letter of Credit, charges as per above for establishing a Letter of Credit shall be recovered for the additional amount, on the outstanding liability under the LC.
Discrepancy fee: 0.15% Min. Rs. 500/- Max. Rs. 10000/
Revolving Letter of Credit As above at the time of opening and on each reinstatement on the amount of reinstatement, period of reinstatement and usance period of bill.
Note: 1) Charges are to be recovered when a LC is opened or amended and no refund may be allowed in any circumstances whatsoever, whether a credit is cancelled, is only partly availed of or expired wholly unavailed of. 2) Telex / Fax and cable charges shall be recovered additionally. 3) While issuing a standby LC, service charges equivalent to commission on Financial or Performance Guarantee be recovered, according to the nature of the guarantee provided by the standby LC.
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
a) At the time of negotiation / collection – Nil b) 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
a) if payment is credited to beneficiary’s a/c. – 0.25% with a minimum of Rs. 500 b) if not parted with – Rs. 500
Providing Credit opinion (including opinion & introduction) For Borrower Induced opinion request
INR 50,000
USD 125 in respect of foreign banks
Other Credit related Areas Allowing interchangeability within fund based limits,within non-fund basedfacilities andbetween fund based and non fund based limits.
Issuing of NOC of all typeslike granting NOC for cedingparri passu charge, exclusive charge,2nd charge etc. (Not applicable in case of NOC / Exchange of parripassuletter in consortium accounts.)
Revision of Repayment schedule in respect of TL/DL
No Charges
Fee for opening /operatingEscrow / TRA A/Cs. (Trust & Retention A/c.)
(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)
(C) Vetting / waiver of TEV ReportsOut of pocket expenses for TEV study
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)
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.
Revalidation of Sanction
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
22
Charges if presence of bank official is required along with the documents for photo copies
Actual photocopying charges + Rs. 5000/- + Out of pocket expenses.
23
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
Introduction of New Service Charges (In line with peer banks)
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
For Holding meeting: Rs.10000 + Actual expenses for each meeting
Foreign Trade Finance Related 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.
In case of a Letter of Credit established against 100% cash deposit as Security
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
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
0.40 %
0.50 %
0.60 %
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.
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%
1.00%
1.25%
BBB+ or below- 0.50% additional charges
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 as per point no 13 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 charges as per point 13 plus Rs.2000.00, from the date of expiry upto the validity period of the revival Letter of Credit.
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
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
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
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 as per 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.
Advising of Guarantee
Rs.1000 per advising
Opening of accounts abroad
Rs.5000.00 per request
Charges for Early Delivery/Extension of Forward Contracts Including NRIs) Cancellation of forward contract
Rs.500/- plus swap cost and cancellation charges, wherever applicable.
Issuance of NOC for permitted cases for capital account transactions
Rs.5000.00 per NOC
Inland Trade Finance Related Charges
Inland L/C
1.50%
1.75%
2.40%
BBB Plus and BBB
1.25 %
Inland Guarantee
1) Performance Guarantee (Min Comm: Rs.5000)
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
1.00
1.50
BBB family
2.00
0.20% for each additional year
BB & Below & Unrated
2.40
2) Financial Guarantee (Min Comm: Rs.5000)
AAA / Govt Gtee (CPSU and SPSU)
1.25
1.75
2.75
3.00
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
Rs.2,000
Confirmation of LC (only where LC opening Bank and confirming Bank are different)
No Change
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
Negotiation charges
Rs. 2,000
Clean payments received under LC
Rs. 1000
Attestation of commercial invoices
Guarantees due to discrepancies in documents
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.
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
Additional Clarifications:
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.
# Proposed Charges only Bills presented under the Inland LC opened by us. For others remains unchanged.
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