Service Charges & Fees

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Service Charges & Fees

Note : All services charges are exclusive of GST. W.e.f. 01.07.2017 GST at applicable rate i.e. 18.00% ( at present ) of service charges will be levied extra on these service charges.

DEPOSITS AND ALLIED SERVICES

Sr. No. Area of Banking Service Revised Service Charges
w.e.f. 08.05.2017- excluding GST

1.

Ledger folio charges

Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits & Fast Access)

Current Accounts


Rs. 125/- per 25 entries.

Free folio allowed p.a. based on Av. Cr. bal. as

Av.Cr. Bal (Rs.) Free folios
Up to Rs.1 lac 2
Above Rs.1 lac -   All Free

NOTE:

For a/cs maintained on computers, 25 entries or part thereof to be treated as one ledger page.

Ledger folio charges to be recovered on quarterly basis.

Transaction Charges

Savings Bank Accounts

For SB A/cs No folio charges - However not more than 50 debits per half year should be allowed in SB a/c and in case the number of debits exceeds 50 a service charge of Rs. 15/- per debit exceeding 50 debits be charged.

Following transactions are excluded.

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

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

2.

a) Charges for issue   of Duplicate Statement / Pass Book

Individual:

First Pass Book free

100/- per Pass Book / Statement with latest balance only. Charges for previous entries (if required) Rs. 75/- per ledger page or part thereof

Non- Individual-

Rs. 150/- per Pass Book / Statement with latest balance only. Charges for previous entries (if required) Rs. 150/- per ledger page or part thereof.

Note:

For accounts maintained on computers, 25 entries or part thereof be treated as one ledger page.

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

For Acknowledgement Rs. 50/-
For Duplicate TDR Rs.150/-

3.

Cheque Book Issuance Charges

Savings Bank:

Cheque book of 15 leaves is supplied by RBO.

In SB Accounts of individuals -30- leaves will be free in a financial year. Only two cheque books will be issued at a time.

Thereafter
Personalized and non personalized cheque book Rs. 5.00/- per cheque leaf


CA/CC/OD/Fast Access:

1st cheque book is free and subsequent cheque book @ Rs. 5.00/- per leaf for CTS/MICR/NON MICR cheque books.

Note:
1st Cheque book means cheque book of 50 leaves.
Wherever cheque books are printed by the customer after obtaining permission of Stationary and Security Form Department, Head Office, Baroda, the cost of paper should be recovered from the customer at the rate of Rs.500/- per 1000 leaves (over and above charges to be paid by customer directly to the printer for printing.)

4.

Opening & minimum balances

Current Accounts

Individual / Non Individual

Rural / Semi-Urban

Rs.2,000/-*

Urban / Metro

Rs.10,000/- *

* Quarterly Average Balance


Premium Current Account

Quarterly Average Balance (QAB) Rs.75,000/- to be maintained.*


Privilege Current Account

Quarterly Average Balance (QAB) Rs.2,50,000/- to be maintained.*


Super SB A/c

Opening of Account –Min. Rs.20000/-*
Maintenance of minimum balance- Quarterly Average Balance (QAB) Rs.20,000/-*


Shubh SB A/c

Opening of Account –Min. Rs.15,000/-*
Maintenance of minimum balance- Quarterly Average Balance (QAB): Rs.15000/-*


Savings Bank Accounts.

Rural / Semi-Urban

Opening of Account –Min. Rs. 500/-

Maintenance of minimum balance

Quarterly Average Balance-– Rs. 500/-*


Urban / Metro

Opening of Account –Min. Rs. 1000/-

Maintenance of minimum balance

Quarterly Average Balance-– Rs. 1000/-*


Addition:

Baroda Basic Savings Bank account

Zero balance


Baroda Pensioners Savings Bank account

Nil


5.

Charges for not maintaining minimum balance w.e.f. 18.07.2015

Current Account

Urban/Metro

Quarterly Average Balance (QAB) of Rs. 10000/- is not maintained :- - Rs. 625/- per quarter

Rural/Semi Urban

Quarterly Balance of Rs.2000/- not maintained – Rs.350/- per quarter


Premium Current Account

If Quarterly Average Balance (QAB) of Rs.75,000/- is not maintained - Rs.600/- per quarter.


Privilege Current Account

If Quarterly Average Balance (QAB) of Rs.2,50,000/- is not maintained :- Rs.1,000/- per quarter


SB  Accounts

Rural / Semi-Urban Rs. 100/- per quarter
Urban / Metro Rs. 200 per quarter.

Charges will be levied as under
Rural/Semi-Urban

If QAB is in the range
250- 499- 50%
100-249- 80%
Below 100- 100%
Metro/Urban

If QAB is in the range
500- 999- 50%
250-499- 80%
Below 250- 100%


Super SB

If Quarterly Average Balance (QAB) of Rs.20,000/- is not maintained :-Rs.1,000/- per quarter.


Shubh SB

If Quarterly Average Balance (QAB) of Rs.15,000/- is not maintained :- Rs.750/- per quarter


Savings Bank - No frills A/c

Baroda Basic Savings Bank account- NIL

Baroda Pensioner’s Savings Bank account- NIL

Baroda Salary Advantage Account - Nil


NOTE :
If required Quarterly Average Balance is not maintained, any concessions sanctioned must be reconsidered by the sanctioning authorities within next quarter.

6.

Addition / deletion of names in Joint Accounts/Nomina-tions/Change in operational instructions (including Lockers)

100/- per occasion.

No charges for deletion of name on account of death of customer in joint A/c.

7.

Nomination

First time nomination free.

Modification / Change in nomination :Rs. 50/-

8.

Charges for Standing instructions

No charge within the bank

  • Rs. 50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i.e in other branches / Offices such as LIC etc. plus actual postage charges

9.

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

100/- per occasion.

10.

Charges for Stop Payment instructions (Per instrument)

S.B. - Rs. 100/- per instrument

CA./CC./OD - Rs. 200/- per instrument

In case of loss of complete blank cheque book

In case of loss of complete blank cheque book
Max. ceiling as below:
Savings Bank – Rs. 500/-

C.A./C.C./OD – Rs. 1000/-

11.

Charges for Cheque returned unpaid/Clearing/Transfer (Inward and Outward Return)

 

Cheque (deposited by our customer  and  returned unpaid (Inward  Return)

upto 1 lac - Rs. 125/-

Above Rs. 1 lac to less than Rs. 1 crore - Rs. 250/-

Above Rs. 1 crore - Rs. 500/-

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

Cheque (drawn on us) returned (Outward Return)– (Financial Reason) Upto 1 lac 250/-

Above Rs. 1 lac to less than Rs. 1 crore - Rs. 500/-

For Rs. 1 crore and above 750 per instrument

In case Bank remains out of funds :; actual interest @ 7.5% over base rate is to be charged extra

For other reasons – Rs. 250/-

For technical reasons- not at the fault of customer- - No charges

12.

Incidental charges for inoperative accounts

A) Inoperative Savings Bank a/cs.

i) Account maintaining stipulated minimum balance - Nil
ii)ii) No penal charges on inoperative Savings accounts where stipulated minimum balance is not maintained - As stipulated by RBI. Approved by EMC vide agenda item J-2 dated 10.07.2014


For inoperative Current Account -

Nil charges for inoperative current account

Branch should endeavor for making inoperative A/Cs into operative by follow up.

13.

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

75/- per certificate (for individuals)

Rs. 150/- per certificate (for others)

14.

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

First certificate free. Additional Rs. 100 per copy

15.I

Premature closure of  A/cs -(within a year)

SB A/c

No charges

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

if account is closed due to death of Account Holder.

200/- plus GST if account is closed beyond above time but within 1 year of the first customer induced transaction.(Excluding Small Savings bank and Basic Savings Bank accounts).


Super SB A/c : Rs.500/-


Super SB A/c : Rs.500/-


Current Account

Individual : Rs.250/-

Others : Rs.500/-


Premium Current Account
If account is closed within a year : Rs.600/-


Privilege Current Account
If account is closed within a year : Rs.1,000/-


RD/ YSJY A/c

Individual : Rs.100/-

Others : Rs.250/-

Closure of Account (all types of account) due to death of Account Holder

16.

Issue of Solvency Certificate

Non commercial – Rs. 300 per lac

Commercial – Rs. 300 per lac.
Min. Rs. 1500/- Max. Rs. 25000/-

NOTE: For issuance of capacity certificate for obtaining VISA for educational purpose for students- only 50% of  the charges as mentioned above subject to maximum Rs. 2500

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

Rs.1000/- per certificate

17.

Opening accounts with restrictive operations

Current, Cash Credit, Over Draft Account One time at the time of acceptance of instruction or at the time of modification

Rs. 500/-

Savings Bank Account

Rs. 100/-

18.

Allowing operations in an a/c through

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

a) Power of Attorney

b) Mandate

Savings Bank Accounts - Rs. 500/-

Current, Cash Credit, Over Draft Account - Rs. 1000/-

19.

Change  of authorized signatory including reconstitution of A/c.

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

20.

Post parcel for Collection

Our usual collection charges plus storage charges @ Rs. 50/- per day with a minimum of Rs. 250/-

21.

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

Rs.100 upto 6 months old record Rest - Rs. 250

22.

SMS alert charges

  • SB accounts- Rs.15/- per quarter
  • Other than SB accounts- Rs.25/- per quarter

Exclusive of GST

COLLECTION

Sr. No. Area of Banking Service Revised service charges excluding GST
w.e.f. 08.05.2017
1. Collection of outstation cheques (By sending cheques physically)
a) Through our bank’s branches

CHARGES MANDATED BY RBI w.e.f. 30.03.2012

Upto Rs. 5,000/- - Rs. 25/-

Above Rs.5000/- and upto Rs.10000/- - Rs.50/-

Above Rs. 10,000/- to Rs. 1/- Lac – Rs. 100/-

Rs. 1 Lac to Rs. 5 Lac – Rs. 200/-

Rs. 5 Lac to Rs. 10 Lac – Rs. 225/-

Above Rs. 10 Lac – Rs. 250/-

Above charges are exclusive of out of pocket expenses i.e. postages /courier extra.

Note:
Discretion to Branch Manager to charge upto 50% on adhoc basis within the overall limit of our charges in deserving cases.

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

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

2. Cheques collected through our branch for another bank

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

  Outstation Cheque return charges

50% of collection charges

  Collection of other Banks deposits / receipts on maturity

If proceeds are invested in FD for a minimum period of 1 year then no charges. Else flat – Rs. 50/-

3.

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

a) Applicable  to   IBCs

Bills for Amount :

Upto Rs.1,00,000/- -

Rs.12/- Per Rs.1,000/-or part thereofsubject to
Minimum Rs.100/-.

Above Rs. 1 lacupto Rs.10/-Lacs

Rs..11/- per Rs..1,000/-
or part thereofsubject to a min. ofRs..1200/-

Above Rs.10/- Lacs

Rs.10/- per Rs.1,000/-
Min. Rs. 10,000/- &
Max. Rs.12,000/-

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

 

b) Applicable  to   OBCs

Bills for Amount :

Upto Rs.1,00,000/-

Rs..10/- perRs..1,000/- or
Part thereof subject tominimum Rs..100/-

Above Rs.. 1/- lac& upto Rs..10/- lacs

Rs..9/- per Rs.1,000/- or part thereof subject to a min. ofRs.1000/-

Above Rs. 10/-lacs

Rs..8.00 per Rs..1,000/- min. Rs.. 9,000/- & max. Rs.15,000/-

4.

Handling charges for bills returned unpaid
Local
Outstation

 

Rs. 100/- per instrument
 
50% of the collection charges subject to a min. Rs..200/-

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

5.

Charges for presentation of usance bills

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

6.

Change  of original instruction in respect of OBC/IBC e.g.
a)  Delivering free of payment
b)  waiving 'c' form etc
c)   Allowing rebate

d) Extending time for  retirement

Rs. 100/- per request

REMITTANCES

Sr. No. Area of Banking Service Revised service charges excluding GST
w.e.f. 08.05.2017
1.

Issuance of  DD/BC

Individual:

 

Up-to Rs.5000/-   

- Rs.50/-

Above Rs. 5000/- to Rs.1 lac  

:- Rs.3/- per thousand or part thereof.

Minimum Rs.50/- maximum Rs.300/-
Above Rs.1 lac : – Rs.5/- per thousand or part thereof. Minimum Rs.500/- and Maximum Rs.15000/-+ Cash Handling charges
Non-Individual:  

UptoRs.5,000/-

-Rs.50/- 

Above Rs.5000/-to Rs.1 lac

Rs.3/- per thousand or part thereof.

Minimum Rs.50/- maximum Rs.300/-

Above Rs. 1 lac-

Rs.5/- per thousand or part thereof. Minimum Rs.500/- Maximum Rs.15000/-+ Cash Handling charges

2. Cancellation of DD/ Bankers' cheque and/or issue of fresh DD/ Bankers' cheque in lieu of lost one.

Individual & Non Individual:

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

In case of lost instrument,

Up to Rs.  500/-      Rs. 20/-
Above Rs.  500/-    Rs.  200/- per  instrument.

DUPLICATE DD

Individual & Non Individual:

Upto Rs.500/- - Rs.50/-
Above Rs.500/- -Rs.250/- per instrument.

3.

Against tender of cash for any mode of remittance

50% plus ST higher charges over floor rates

4.

Remittance of fund through RTGS ( through Cheque )

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

With effect from 23.05.2016 ( As per RBI circular RBI/2015-16/306 DPSS (CO) RTGS No. 1926/04.04.002/2015-16 dated 04.02.2016 ( HO:BR:108:68 dated 17.05.2016)

(A) On all RTGS Transactions (INWARD)-- =   Nil
Total charges(Excluding. GST)

Amount in Rs

Transaction

Total charges( Excl. GST)

 Rs 2 Lacs to Rs 5 Lacs

Total charges ( Excl. GST)

Above Rs 5 Lacs

8.00 hrs. to 11 hrs.

25/-

  50/-

After 11 hrs. to 13.00 hrs.

27/-

  52/-

After 13.00 hrs. to 16.30 hrs.

30/-

  55/-

After 16.30 hrs

30/-

  55/-

5.

Remittance of fund through NEFT through cheque/cash -

(A) NEFT Transactions (INWARD) -   Nil
(B) NEFT Transactions (OUTWARD) -

Up to  Rs.1 lac

Nil

Above Rs.1 lacs to Rs.2 lacs

Rs.15/- per transaction

Above Rs.2 lacs

Rs.25/- per transaction

“NO CHARGES for NEFT through “Baroda Connect” & “M-Connect” for any amount (i.e. up to default retail/ corporate transaction limits including corporate individual specific limits).

 

EFT Charges

Same as NEFT

6.

Payment of Fixed deposit to other bank

Remittance charges as applicable plus out of pocket expenses

MISCELLANEOUS SERVICES

Sr. No. Area of Banking Service Revised Service charges w.e.f
08.05.2017
1.

Safe Custody Charges

Sealed Covers:   Rs. 350/- per cover per  annum
or part thereof.

Sealed boxes –    Rs.  3000/- per box per annum (size 200 cubic inch)

Bank’s own Deposit Receipt :     No charges

2.

Service Charges for handling scrip

As per discretion of Regional Manager

 

Transfer of Securities from one account to another, at the same branch

50% of the charges on lodgment / withdrawal of securities (Rs.2/- per piece with a minimum of Rs.30/- on each occasion).

 

Transfer of Securities From pledge to safe custody.

As per 2 above.

 

Issuance of Certificate of holding

Rs. 30/- per year.

 

Production of Certificates to appropriate authorities for collection of dividend / interest warrants.

1% with a minimum of Rs. 30/- per warrant.

 

Purchase/Sale/ Redemption of Securities

1% with a minimum of Rs. 30/- per transaction.

3.

Attestation of customer’s signature

Rs. 100/- per instrument / occasion.

In case of joint A/c. - Rs. 150/-

 

Issuance of no dues certificate

I. For borrowers under Priority Sector - NIL.

II Others

Rs.100/- per occasion. (Rural branches Rs.20/- per occasion)

 

Providing credit report (including opinion and introduction)

Rs. 500/- per occasion

4.

Inquiries relating to old records.

Up to 3 months – free

3 to 12 months old : Rs. 100/- per item.

Above 12 months : Rs. 300/- per item

5.

To ascertain fate of local cheques lodged in clearing, at the request of the customer.

Free under CTS.

 

Drawing against Uncleared Effects (Ad-hoc)

a charge of Rs.25/- per lac or part thereof with Minimum of Rs.25/- and Maximum of Rs.500/- levied.'

6.

Photo attestation

Rs. 100/- per photo / occasion

7.

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

Total cash deposited at Base and Non-base branch (local and outstation)

a. Savings Bank accounts (excluding Financial Inclusion accounts)
Cash Deposit- First - 5 transaction per month- (excluding Alternate Channel transaction) - Free of charge
Beyond 5 transaction (excluding Alternate Channel transaction) - Rs. 50/- per transaction
(In case of cash aggregating Rs. 50000/- or more deposited with the bank during any one day , customer is required to quote his/her PAN or submit form 60/61)

b. For CA/OD/CC/Other Accounts:

Cash Deposit Upto Rs.Rs. 50000/- Or Upto 10 packets i.e. 1000 pieces of notes of any denominations taken together,whichever is higher -free of charge per day

Above 10 packets – i.e. 1000 pieces of notes charges will be levied @ Rs. 10/- per packet or a part thereof. (Min. Rs. 10/- , Maxi. Rs. 10000/- plus GST at applicable rate.”

Regional Manager have been authorized to reduce / waive the cash handling charges on case to case basis on the merit of each case

LOCKER SERVICE CHARGES

Revised w.e.f. 08.05.2017 Revised service charges excluding GST
Class Of Lockers Metro/ Urban Semi Urban/ Rural
A 1500 900
B 1600 1000
D 2500 1500
C 2600 1700
E/H-1 3200 2200
G 4500 4500
F 4500 4500
L-1 6700 6700
H 4700 4500
L 6700 6700

Manual

(Br. To invoke menu option “LKRCM”)

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

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

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

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

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

For Staff /Ex-staff- concession of 50% in rent

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

Rent in advance can be accepted for maximum three years only

INTERSOL CHARGES

Sr. No. Area of Banking Servce Revised service charges excluding GST
w.e.f. 08.05.2017
1. CBS Operations –Inter-SOL charges.
(A)CASH DEPOSIT (Inter-SOL)

A) CASH DEPOSIT (Outstation)

Local Non-base branches

Cash handling charge as applicable to base branch.

Outstation - Non Base Branch

In case of Savings Bank account, first five transactions at base branch and non base branches are free of charge. Above 5 transactions charges will be levied as under.

For SB Accounts - Rs.50 per transactions.

(For Rs.50000/- and above PAN is required to be submitted as per requirement of Income Tax)

CA/CC/OD/others
Cash deposit upto Rs. 25000/- per day per account is free of charges, thereafter in excess of Rs. 25000/-, service charges will be levied at Rs.2.50 per thousand or part thereof.

  (B) CASH WITHDRAWAL (Inter-SOL)

First five transactions free per month (excluding withdrawals from ATM) thereafter charges of Rs.150/- per transaction.

However, Maximum withdrawal allowed at outstation branch is Rs. 50000/- per day to the account holder only will continue


Note:

1.Inter SOL cash payments to third parties is totally withdrawn

2. 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.

 

 (C) FUND TRANSFER (Inter-SOL)

  1. Transfer of funds within the same clearing area through cheque

C)FUND TRANSFER (Inter-SOL)

Transfer of funds through cheque amongst the customers of CBS branches will as under:

Free of charge transfer of funds through cheque irrespective of any amount.

  1. Fund Transfer amongst CBS branches: 
  1. Transfer of funds outside the clearing area through cheques drawn on any of our CBS branches.

Free of charge transfer of funds through cheque irrespective of any amount.

  1. Funds transfer amongst CBS branches through collection of outstation cheques drawn on our CBS branches.

Free of charge transfer of funds through cheque irrespective of any amount.

  1. Funds transfer through payment of cheque drawn on our outstation CBS branches received through clearing.

NIL

Mandated by RBI under Speed Clearing charges.

(In such cases, charges are levied on Payee by presenting bank as per RBI guidelines.)
  1. Transfer of Funds for certain specific transaction.

Periodical Transfer of funds through Inter-SOL from one account to another within the Bank
(i) From Collection Accounts (i.e. accounts wherein no debit transactions other than such periodical funds transfer entries are reflected) to the principal account of the same organization.No charges

(ii) Advances/Borrowal A/cs: From one account to any other account of same organization. When debit balances are transferred on the same day

No charges
 

(D) COLLECTION OF CHEQUES   (Inter-SOL)

(i) Collection of local cheques through clearing by local non-base branches

Free of charge.

(ii) Cheque collected through outstation non base branches drawn on other Banks within clearing area of that center.

Free of charge.

  (E) SPEED CLEARING
Transfer of funds to our customer’s A/C by collection of their outstation cheques drawn on other bank’s CBS branches (Outward clearing under Speed clearing)

RBI mandated charges w.e.f. 30.03.2012

Upto Rs. 1/- lac – SB A/c. - NIL
Others - Rs. 20/-

Above Rs. 1 lac to Rs.5 lac – Rs. 175/-

Above Rs. 5 lac to Rs.10 lac – Rs. 200/-

Above Rs. 10 lac – Rs. 225/-

Incorporated in waiver of service charges

Exclusive of GST

GENERAL

Sr. No. AREA OF BANKING SERVICE Revised service charges excluding GST w.e.f. 08.05.2017

1.

(APPLICABLE TO ALL ABOVE SERVICES/ ACTIVITIES)
a) Postal  & Telecommunication TARIFF

a) Ordinary Post – Actual, subject to Min. Rs. 15/-

b) Registered / Speed Post/courier – Actual, subject to Min. Rs. 75/-

c) Fax - Actual, subject to Min Rs. 60/-.

b) Courier Charges

Rs. 75- per instrument per occasion, unless otherwise specified to the contrary.

2.

Higher Service charges for non customers of the Bank.

For all banking services to non-customers of the Bank, service charges shall be 50% higher than the floor rates, across the board plus Taxes

3.

Definition of Floor rates

Floor rates shall mean rates of service charges fixed by our bank as detailed in this circular.

FOREX related Charges

  A.Export  
1

Bills purchased/Discounted/Negotiated
a) Foreign CCY Export Bill

For Bill Amount equivalent USD 25,000/- & above - Rs.1,200/-
For Bill amount below equivalent USD 25,000/- - Rs. 600/-

b) Rupee Export Bill

For Bill Amount equivalent USD 25,000/- & above - Rs. 1,200/-
For Bill amount below equivalent USD 25,000/- - Rs. 600/-

2

Forwarding export documents to another bank due to reasons such as LC being restricted to the later or the LC have been confirmed by that bank

Rs. 1000/- Flat Rate

3

Where reimbursement under a letter of credit is claimed by the bank with another Authorised Dealer in India.

Rs 500/- (for each claim)

4

For joining customer's guarantees and giving guarantees on behalf of customers in respect of discrepant documents.

0.10% with min. of Rs 500 for each transaction

5

Commission in lieu of exchange
=>Transfer of Letters of Credit
=>Amendments

Rs. 500/- for each transfer and subsequent amendment

6

Certificates: Charges for issue of certificates/ attestation authorisation in respect of export transactions.

NIL - charges per set of e- BRC Rs. 100/- Other certificates

A2. Bills sent on collection basis

 
7

For each export bill in Foreign Currency sent for collection.

For Bill Amount equivalent USD 25,000/- & above - Rs. 750/-
For Bill amount below equivalent USD 25,000/- - Rs. 500/-

8

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

a) Where full advance remittance has been received through our bank
- Rs 200/- per Bill.
(b) Where full advance remittance received through other bank – Rs 500/- Per Bill. (c) If advance remittance is not received and bill amount is to be collected then
(i) For Bill Amount equivalent USD 25,000/- & above ----- Rs. 1,200/-
(ii) For Bill a mount below equivalent USD 25,000/- --------- Rs. 600/-

9

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

Rs .250 per remittance. Charges applicable to ‘Export Bills for Collection’ under Serial No.18 should be recovered from the customer at the time of submission of export bills.

10

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

Rs 500/- per quarter or part thereof to be recovered at the time of realisation of the bill or when reported in XOS statement whichever is earlier.

11

Bank Realisation Certificate Charges(e-BRC)

NIL charges per set of e- BRC
Rs 100/- Other certificates

A3. Export Letter of Credit

12

Advising letter of credit

Rs 1000/- for each LC

13

Advising amendment

Rs 600/- for each amendment

14

LC Confirmation charges

charges (Commitment+ Usance)

Sight LCs and upto 30 days usance:
LC Amount %
Upto 1 crore 0.25
>1 crore up to Rs 5 Cr. 0.18
>5 crore 0.10
LCs beyond 30 days usance:
LC Amount % per
month

Upto 1 crore 0.18
>1 crore upto 5 crore 0.09
>5 crore 0.05

Minimum Rs 1000/-

15

Transfer of letter of credit

Rs 1000/- for each transfer and
subsequent amendment

B.Import

16

B 1. For establishing an Import Letter of Credit/Revolving Letter of Credit/Letter of Credit covering imports of goods on deferred payment terms

A) DP L/C ( Import)
Charges for establishing Letter of Credit

Sight LC (DP)
0.35% for first quarter plus
0.15% p.m. thereafter
B) B) USANCE L/C (Import)
Borrower account with credit rating

Borrower account with credit rating
AAA 0.60% p.a. from the
date of opening of LC
to last date of its validity including Usance period

AA 0.60% p.a. from the
date of opening of LC
to last date of its validity including Usance period

A 0.75% p.a. from the
date of opening of LC
to last date of its validity including Usance period

BBB 1.50% p.a. from the
date of opening of LC
to last date of its validity including Usance period

Below BBB and Unrated 2.25% p.a. from the date of opening of LC
to last date of its validity including Usance period

17

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

25% of the charges AS MENTIONED ABOVE

18

STANDBY LETTER OF CREDIT

Borrower account with credit rating
Charges

AAA
1.00% p.a. from the
date of opening of LC
to last date of its validity including usance period.

AA
1.00% p.a. from the
date of opening of LC
to last date of its validity including usance period.

A
1.50% p.a. from the date
of opening of LC
to last date of its validity including usance period.

1.50% p.a. from the date
of opening of LC
to last date of its validity including usance period.

BBB
2.25% p.a. from the date
of opening of LC
to last date of its validity including usance period.

Below BBB & Unrated
2.50% p.a. from the date
of opening of LC
to last date of its validity including usance period

19

Letter of Comfort issued for availing Buyer’s Credit

Rating
Upto one year Raw material & Capital Goods
Above One Year (Capital Goods)

AAA
1.00 p.a.
1.50 p.a.

AA
1.00 p.a.
1.50 p.a.

A
1.50 p.a.
2.00 p.a.

BBB

2.25 p.a.
2.50 p.a.

Below BBB & Unrated
2.50 p.a.
3.00 p.a.

20

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

Calculated on the amount of liability under such credit at the beginning of every quarter

LC Amount
% per quarter

Upto 1 crore
0.25

>1 crore upto 5 crore
0.18

>5 crore
0.10

21

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

Flat amendment commission of Rs. 500/-, However, for any amendment extending the validity of the letter of Credit beyond 3 month period, commission at the applicable rate shall be recovered.

22

Amendment Enhancement

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

Note:
For purposes of levying charges under this Rule value of each enhancement will ordinarily be considered separately without adding it to the outstanding liability of the letter of credit. However, branches may, at their discretion “add” the value of enhancement to outstanding liability of the letter of credit for purpose of levying charges depending upon the circumstances of each case.

B2 Amendment to letter of Credit (LC)

23

Extension of validity of L/C

Rs. 750/- per amendment plus
charges applicable as per point B1 (Import) Serial No. 16

24

In case of enhancement of value of credit.

Rs. 500 per amendment.
In case of enhancement of the value of a Letter of Credit, charges as per point No. B1 (serial No. 16) for establishing a Letter of Credit shall be recovered for the additional amount, on the outstanding liability under the LC.

25

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

Rs. 500 amendement charges.
In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per point B1 (serial No. 16) shall be collected on the outstanding liability under the LC.

26

Amendment other than extension of validity or
enhancement of tenor of the bill of Exchange.

Rs. 500/- per amendment.

27

For revival of expired L/Cs within 3 months
from 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 B1 from the date of expiry upto the validity period of the revived Letter of Credit.

B3 Commission on Import Bills

28

Foreign currency bills at the time of
crystallisation or retirement whichever is earlier

0.15% of each import bill
subject to Minimum Rs 1000/-

For individual transactions: Upto Rs. 1 crore - 0.15%
>1 crore upto 3 crore- 0.08%
>3 crore upto 5 crore- 0.04%
> 5 crore - 0.02%

29

Foreign currency bills under LC where no exchange benefit accrues to the opening bank.

0.1% (minimum Rs. 500/-)

30

Discrepancy charges in case of non - confirming documents under LC.

USD 50 or its equivalent rupee

B4. Commission on import bills (not under L/C

31

a.On each bill drawn in Rupees and in foreign currency on which no exchange margin accrues to the bank.

0.30% with a minimum of
Rs 500 and Maximum of
Rs 50,000/-

For individual transaction over
Rs. 1 crore rates rates applicable as below Borrower account with

Credit rating
Charges

AAA
0.60% p.a.

AA
0.60% p.a

A
0.75% p.a

BBB
1.50% p.a

Below BBB and Unrated
2.25% p.a.

32

b.On each bill drawn in foreign currency on which bank earns exchange benefit.

0.15% with a minimum of Rs 500/- and Maximum of Rs 25,000/-
For individual transaction over
Rs 1 crore rates applicable as below Borrower account with
Credit rating
Charges

AAA
0.60% p.a.

AA
0.60% p.a

A
0.75% p.a

BBB
1.50% p.a

Below BBB and Unrated
2.25% p.a.

33

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

Rs 500 per bill as handling charges.

34

For each bill received by Importer directly from the overseas Exporter/Bank at the time of effecting remittance.
If bill is paid by debit to EEFC A/c etc. where no exchange margin is earned.

50% of charges in point B 4(b) (Serial No. 32)

35

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

0.20% with a minimum of
Rs.500

36

IMPORT DOCUMENTS RECEIVED DIRECTLY BY IMPORTERS

50% of Serial 32 B4 (b) i.e. 0.15% with a minimum of Rs. 500/- and Maximum of Rs. 25,000/-
For individual transaction over Rs. 1 crore rates applicable as below Borrower account with
Credit rating
Charges

AAA
0.60% p.a.

AA
0.60% p.a

A
0.75% p.a

BBB
1.50% p.a

Below BBB and Unrated
2.25% p.a.

37

Countersigning/co-acceptance/availisation of import bills

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

38

Custody charge for overdue bills

Rs. 250 per quarter or part thereof for each bill, if the bill is not paid within 10 days from the due date/date of presentation.

39

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

Commission @ 0.1% in lieu of exchange in respect of letters of credit opened and which are settled out of foreign currency loans arranged abroad, foreign currency accounts and EEFC accounts. (Minimum Rs. 500/-)
In case of bills not covered by L/C’s 0.1% commission in lieu of exchange shall be collected in addition to collection charges.

40

IMPORT BILLS FOR COLLECTION Usually in respect of foreign currency collection bills the bank shall be entitled to exchange and commission. If for any reason the bank is required to forward the documents to another bank which will be required to remit the proceeds to the remitting bank abroad.

Rs. 500 per bill as handling charges.

41

If foreign currency remittances are received in advance from the overseas buyer, and the specific request of merchanting trade customer hold the foreign currency funds in their Nostro A/C without converting the amount into Indian Rupee till the date of payment to the overseas supplier & the bank would not apply buying and selling rate of exchange.

Commission at 0.1% shall be charged on each transaction and the Bank shall not pay interest on such advance remittances or not grant Rupee advances against foreign currency Funds thus received. (minimum Rs. 1000/-)

C. Merchanting Trade

42

Merchanting Trade

Commission at 0.1% shall be
charged on each transaction and the Bank shall not pay interest on such advance remittances or not grant Rupee advances against foreign currency Funds thus received. (minimum Rs 1000/-)

D. Miscellaneous Charges a) Inward Remittance

43

Encashment of TTs/ purchase of MTs/DDs in respect of which cover has been received in Nostro Accounts

Applicable Buying rate plus interest for a transit period of 15 days at domestic commercial rate of interest (Base Rate + 7%) (in case of advance remittance against export, rate of interest applicable to Packing Credit is to be charged for a period of 15 days)

44

Where the inward remittance has to be paid in foreign currency by way of a Demand Draft/Mail Transfer/Payment Order/Telegraphic Transfer

0.1% min. Rs.100/- and maximum Rs. Rs 5000/-

45

Commission in respect of each clean payment effected under instructions from a foreign correspondent (inward remittance)

No charges, whenever proceeds are to be credited to deposit account with us.
Others – Rs. 100/-
(GST applicable to be recovered)

46

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

0.1% min. Rs. 100/- and maximum Rs. 5000/-

b. Clean Payments

47

Commission on clean Instruments sent for
collection abroad

0.1% min. Rs.50/- and maximum 5000/-

48

Foreign currency instruments favouring resident beneficiary and sent for collection in India

In respect of foreign currency instruments favouring resident beneficiaries sent for collection within India, charges as applicable for inland transactions may be recovered.

c. Outward Remittance

49

Where the outward remittance has to be made in foreign currency by way of a demand draft/ Mail transfer/ Payment order/telegraphic transfer/Swift.

An amount of Rs. 100 upto Rs. 10,000/- and
Rs. 200 above Rs. 10,000/-
(In case of advance remittance against imports additional charges equivalent to 25% serial No 31 or serial No 32 as applicable are recoverable)

50

Outward remittances to the debit of EEFC
accounts(other than imports)

0.10% with a minimum of USD
10 and maximum of USD 50 or its rupee equivalent.

51

Issue of Foreign Currency
Travellers Cheques Commission

@ 1% on rupee equivalent payable by the customer

52

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

0.25%

53

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

Rs. 250 per draft

d. Forward Contract

54

Charges for Booking of forward contracts.

Rs. 400/- per sale or purchase contract.

55

Charges for early delivery/extension of
contracts (including NRIs)

Rs 400/- per sale or purchase
contract.

56

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

0.1% commission in lieu of exchange in addition to swap cost and interest from the date of negotiation till the date of credit of proceeds in the banks Nostro a/c (minimum Rs. 500/-)

e. swift charges

57

swift charges

Rs 500/- per message

E.Guarantees:

The scale of charges shall be collected by banks on the specified period of liability of the guarantees. The specified period of liability shall mean the actual validity period of the guarantee plus the additional period during which claims can be made on the bank under the guarantee

 

58

Guarantees in favour of shipping companies/agencies for clearance of goods pending production of bill of lading

 
 

a. Relating to imports under LCs opened by the guarantor banks themselves.

0.25% for three months at the time of issue of guarantee with min. of Rs. 500.

 

a. In all other cases

If the guarantee validity is beyond 3 months, an addl. commission of 0.10% per month or part thereof till the guarantee remains valid

59

In case of guarantees issued against 100% counter guarantees of the Govt. of India

Min. 25% of normal rates as mentioned in point 58

60

Export performance guarantees for Project Exports which include:
a. Bid-bonds
b. Bonds for earnest money
c. Guarantees for advance payment made by foreign buyers to Indian exporters/contractors.

In case of guarantees covered by ECGC counter- guarantees, banks shall collect commission as well as ECGC premium at the applicable rates and remit the collected premium to the ECGC. The present rates are as under:
ECGC cover 90%
75%
ECGC Premium 0.95%
0.80%
Bank Comm. 0.35%
0.45%
Total costs to exporters 1.30%
1.25%
• In case of guarantees issued against 100% counter-guarantees of the Govt. of India/ cash deposit, charges are as per 59.
• In case of guarantees which are not covered by cash deposits or ECGC/ Govt. of India counter guarantees, commission shall be charged at 1%p.a. However, request for waiver of ECGC cover is to be referred with justification to International Division for consideration on a case to case basis.
• Commission in respect of Bid Bonds: Commission for issuing bid bonds for supplies to projects carried out abroad shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue.
If the bid materialises the balance 75% of the commission shall be recovered. However, if the bid gets frustrated, there will not be refund of that part of the commission previously collected

61

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

0.085% per month for the specified period of liability. Where the guarantee period is less than 3 months, commission recoverable will be 0.25% of the guaranteed amount. In case of early redemption of the guarantees beyond a period of 3 months from the date of issue, 50% of the commission for the unexpired period i.e. from the date of redemption to the expiry date shall be refunded. Commission for issuing bid bonds for supplies connected with deemed exports/direct exports other than project exports shall be recovered to the extent of 25% thereof for the full period of validity of the bonds at the time of issue. If the bid materialises, the balance 75% of the commission shall be recovered. However if gets frustrated, there will not be refund of that part of the commission previously collected.

62

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

0.50% per quarter or part thereof for the specified period of liability calculated on the amount of liability under such guarantees at the beginning of every quarter. If the commission chargeable works out upto Rs. 10,00,000/-, entire amount to be recovered upfront. If the commission chargeable exceeds Rs. Rs 10,00,000/-, the commission amount exceeding Rs 10,00,000/- plus ST may be recovered in suitable installments to be stipulated on merits of each case duly seeking Zonal Authorities’ approval, subject to following: Where the entire Guarantee Commission is collected upfront, the rate of commission and exchange rate (TT Selling) prevailing as on the date of issuance of the guarantee shall be applied. No further adjustment arising out of future revision if any in the Guarantee commission shall be made. Where the Guarantee commission is recovered on installment basis, the rate of commission and exchange rate (TT Selling) prevailing as on the date of recovery of each installment shall be applied.
In the event of default in payment of installments, interest shall be recovered at domestic commercial rate from the date of default to the date of actual payment.

Mortgages & Retail Asset

Sr. No. Particulars Revised Service Charges Excluding GST w.e.f. 08.05.2017

1

Home loan and Home improvement

Upto Rs.50 Lacs: 0.50% of Loan amount:
Minimum: Rs.7,500/- (Upfront)
Maximum: Rs.12,500/-
Above Rs.50 Lacs: 0.25% of Loan amount:
Minimum : Rs.7,500/- (upfront)
Maximum: Rs.20,000/-

100% waiver of processing charges upto 31.03.2018, subject to recovery of out of pocket expenses.

 

Baroda Additional Assured Advance (AAA)

0.25% of the loan amount
Minimum: Rs. 5000/- (upfront)
Maximum Rs. 12500/-

100% waiver of processing charges upto 31.03.2018, subject to recovery of out of pocket expenses.

 

Takeover of Home Loan (Resident/ NRI/PIOs)

Rs. 7500/- upfront

100% waiver of processing charges upto 31.03.2018, subject to recovery of out of pocket expenses.

 

Pre approved Home Loan

Rs. 7500/- (Upfront)
If the applicant 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.

100% waiver of processing charges upto 31.03.2018, subject to recovery of out of pocket expenses.

2

Car loan

Car Loan: 0.50% of Loan amount
Minimum: Rs.2,500/-
Maximum Rs.10,000/-

100% waiver of Processing charges upto 31.03.2018

3

Two wheeler loan

Two Wheelers: 2% of Loan amount,
Minimum Rs. 1000/-

100% waiver of Processing charges upto 31.03.2018

4

Education Loan

Baroda Education Loan (Baroda Vidya, Baroda Gyan, Baroda Scholar):
Study in India - Nil
Study Abroad - 1.00% of Loan amount (maximum Rs.10,000/-) will be recovered upfront which will be refundable on availment (first disbursement) of loan.
Baroda Education Loan for students of Premier Institutions (studies in India):
Upto Rs. 10 Lacs : Nil
Above Rs. 10 Lacs : Nil
1. A non refundable Lump sum amount Rs.7,500/- per property (towards Advocate and Valuer charges) will be taken upfront in case of all Education Loan accounts, wherever property is mortgaged.
2. No Mortgage creation charges for all types of Education Loans.

 

Skill Loan Scheme

Nil

 

Baroda Career Development

0.50% of loan amount

5

Mortgage Loan

Loan:
1% of Loan amount with maximum Rs.1,50,000/-
Minimum: Rs.7,500/- (upfront)**
Over Draft:
Upto Rs.3.00 Crores: 0.35% of limit with maximum: Rs.75,000/-
Above Rs.3.00 Crores: 0.25% of the limit without any maximum.
Minimum: Rs.7,500/- (upfront)**
** The above charges considered as if only one property is offered as security. If two or more properties are offered as security, Rs.7,500/- per additional property would be applicable as upfront charges in addition to normal charges as mentioned above.

6

Baroda Mortgage Loan to Non Individuals

Loan:
1% of Loan amount with maximum Rs.l,5O,O0O/-
Minimum: Rs.7,500/- (upfront)**. Balance amount of processing
charges will be recovered of the time of conveying sanction.

7

Personal loan

2% of Loan amount
Minimum: Rs.1000/-

Maximum: Rs.10,000/-

8

Pensioner loan

Pensioners/ Family Pensioners of our Bank (Ex-Staff) : Nil

Others : Rs.1,000/-

9

Trader loan

(including Baroda Traders Gold Card scheme)

  • 0.35% of Loan/OD amount without any maximum.
  • Minimum: Rs.7,500/- (Upfront)**

** The above charges considered as if only one property is offered as security. If two or more properties are offered as security, Rs.7,500/- per additional property would be applicable as upfront charges in addition to normal changes as mentioned above.

10

Loan to Doctors

0.35% Maximum Rs.15000/-

11

Reverse Mortgage Loan

0.20% of Loan amount
Maximum Rs.10,000/-

Upfront Charges: Rs.7,500/-

12

Baroda Advance Against Gold Ornaments / Jewellery

0.50% of Loan Amount.

13

Baroda Advance Against Securities

Rs. 500/-
(No other Charges)

A

Note:
The unified processing charges for Retail Loan include:
• Processing Charges
• Documentation charges
• Document Verification/ vetting charges
• Pre- Inspection (Contact Point Verification-CPV) charges
• One time post inspection charges
• Advocate charges for legal opinion
• Valuer charges for valuation (One time at the time of sanction)
• Bureau report charges
• CERSAI charges
• ITR Verification charges

B

Mortgage creation charges as mentioned in service charges on advances will be recovered separately for Retail Loans, except Education Loans and Home Loans (including Home Improvement Loan and Additional Assured Advance –AAA).

C

No processing/ documentation charges for Loan/Overdraft against bank’s own deposits.

D

No charges on Review / Renewal in case of Term Loan / Demand Loan accounts.

E

For Overdrafts accounts, processing charges are on per annum basis

Debit Card Related Charges

Sr. No. Particulars Service Charges ( excluding GST )

1

Issuance fees

  • Rs.150 + Tax * for Visa & MasterCard variants
  • Rs. 50 + Tax * for RuPay Card variants
(w.e.f. 01.09.2017)

2

Annual Fee

Rs.150 + Tax * (w.e.f. 01.09.2017)

3

Additional Cards

First Year Free and then @ Rs.100/- p.a. (except No Frill Accounts)

4

Charges for Debit Card Renewal upon expiry

Free

5

Card Replacement charges (Delivery within India)

Rs.200/- per replacement

6

Pin Regeneration

Rs.150/- per regeneration

7

Cash Withdrawal, Balance Enquiry, Mini Statement etc. at any Bank of Baroda ATM in India

Free

8

Cash Withdrawal, Balance Enquiry, Mini Statement etc. on any other Visa/ MasterCard / NFS member Bank's ATMs in India

1. On Metro ATMs of other Bank located at 6 Metro Cities, viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, only 3 transactions per month (including Financial & Non-Financial) for Savings Bank Account holders are free. There after subsequent transactions on Metro ATMs would be chargeable (Rs 20/- for each Financial transaction and Rs 10/- for each Non-Financial transaction).

2. On other Bank's ATM located at any other location besides 6 Metro Cities; number of free ATM transactions per month (including Financial & Non-Financial) for Savings Bank Account holders continues to be 5 (Rs 20/- for each Financial transaction and Rs 10/- for each Non-Financial transaction).

3. Free ATM transactions per month (Financial & Non-Financial) for Savings Bank Account holders on other Bank's ATMs (inclusive of Metro & Non-Metro ATMs) remains 5, out of which you can perform maximum 3 transactions (Financial & Non-Financial) free on other Bank's ATMs at 6 Metros.

[The above reductions (as mentioned above in point no.1,2 & 3 will not apply to No Frill Account holders]
4. For Current / Overdraft account holders: No transactions are free. Rs 20/- for every transaction.

9

VISA / Master Card/ RuPay affiliated ATMs (Abroad)

Cash withdrawal:- Rs.400/- per Cash Withdrawal Balance Inquiry: Rs.75/- per Inquiry

10

Charge –slip retrieval charges

Rs.400/- per retrieval.

11

Surcharges for Rail Tickets and Petrol / Fuel / Gas Stations

2.50% of transaction amount or Rs.10/- whichever is higher.

12

Surcharges for payments at certain Colleges, Universities, Professional Schools & Junior Colleges and for payments of certain Government Services

1.00% of transaction amount

Tariff structure subject to change from time to time at the sole discretion of Bank / Regulator, etc. GST, as applicable, is recovered over and above and along with these charges / surcharges.

Agriculture and Advances

Sr. No. Particulars Revised Service Charges excluding GST w.e.f. 08.05.2017

1.

Processing charges for Agriculture advances upto Rs.10.00 Lacs

Nil

2.

Processing charges for loans upto Rs.2.00 Lacs under Priority Sector

Nil

3.

Inspection charges for Agricultural Advances up to Rs.10.00 Lacs

Nil

4.

Inspection charges for crop loan

Nil

Demat Charges

Sr.No. Types of charges Revised charges w.e.f. 1st July 2017

1

Advance /Deposit

NIL

2 Annual Maintenance Charges (AMC)

General customer :

For individuals

  • First year free (for new accounts)

  • From second year onwards Rs. 250/- p.a. plus GST (as applicable

For Non-Individual – Rs. 550/- Plus GST (as applicable)

BSDA customers :

  • For individual

  • First Year free (for new accounts)

  • From second year onwards no AMC to be levied if the value of holding is up to Rs.50,000/- during financial year

  • AMC will be charges at Rs. 100/- Plus GST (as applicable) only for the value of holding from Rs. 50,001/- up to Rs. 2,00,000/- during financial year

3 Demat

Rs.3.00/- per certificate with minimum Rs. 34/-plus + GST+actual postage

4 Remat

NSDL Demat account :

  • Rs. 10/-plus actual postage for every hundred securities or part hereof subject to maximum fee of Rs. 5,00,000/- or a flat fee of Rs. 10/- per certificate whichever is higher

CDSL Demat account :

  • Rs. 30/- Plus GST (as applicable) + actual postage per cer

5 Transaction charges

General customers :

  • 0.03% of market value subject to minimum Rs. 20/- Plus GST (as applicable) per transaction

  • For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs. 20/- Plus GST (as applicable) per transaction.

BCML customers :

  • Transaction charges at Rs. 15/- Plus GST (as applicable) per debit instruction

6 KYC Registering Agency Charges (KRA Charges)
  • KRA charges @ Rs. 40/- Plus GST (as applicable) plus actual postage for new KYC data to be uploaded

  • KRA charges @ Rs. 40/- Plus GST (as applicable) per download will be applied

  • For modification in KRA of the existing chants KRA charges @ Rs. 30/- Plus GST (as applicable) plus actual postage charges

7 Pledge Creation

Rs. 100/- Plus GST (as applicable) per ISIN per request

8 Pledge creation confirmation

Rs. 100/- Plus GST (as applicable) per ISIN per request

9 Pledge closure

Free

10 Pledge closure confirmation

Free

11 Pledge invocation

Rs. 100/- Plus GST (as applicable) per ISIN per request

12

Failed instruction charges

NIL

13 Other charges
  • Additional A/c statement Rs. 20/- Plus GST (as applicable) per request

  • Sign verification or any other certificate & freeze/unfreeze Rs. 50/- Plus GST (as applicable) 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/- Plus GST (as applicable) per booklet of 10 leaves for General customer.

  • Min Two DIS slips only will be issued at the time of account opening to BSDA customer

  • Changes of address/ECS Rs. 30/- Plus GST (as applicable) per request

14 Overdue charges

Interest @18% p.a. + GST will be payable for payment of services charges after due date

15 Transfer of securities from one DP to another DP consequent to account closure

Consequent to closure of account, no charges to be levied ,when beneficiary owner (BO) transfers all the securities lying in this account to another Branch of the same DP or to DP of the same depository or another depository, provided the BO accounts at transferee DP and at transferor DP are one and the same i.e. identical in all respects.

16 Other terms & condition
  • 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

  • The service’s not listed above will be charged separately

  • All the above charges are applicable uniformly to individuals ,Non-individual except that AMC are different for individuals

  • The charges are subject to revision from time to time at Bank’s discretion

Baroda Cash Management Services

Sr. No. Particulars Revised Service Charges excluding GST w.e.f. 08.05.2017

1.

Transfer by RTGS

Rs. 2.00 lacs to Rs. 5.00 lacs

Rs. 25/-

Above Rs. 5.00 lacs

Rs. 50/-

2.

Transfer by NEFT

Upto Rs. 10000/-

Rs. 2.50

Above Rs. 10000 and upto Rs. 1.00 lac

Rs. 5.00/-

Above Rs. 1.00 lac and upto Rs. 2.00 lac

Rs. 15/-

Above Rs.. 2.00 lac

Rs. 25/-

3.

Internal Fund Transfer
(collection & payment)

Upto Rs.10,000/-

Rs.2.50

Above Rs.10,000/- and upto Rs.1.00 lac

Rs.5/-

Above Rs.1.00 lac and upto Rs.2.00 lacs

Rs.10/-

Above Rs.2.00 lacs

Rs.25/-

4.

Bulk Issuance & Printing of DD

Rs. 20/-  per transaction up to Rs.1,00,000/-
Above Rs.1 lac :
Rs. 1/-  per thousand or part thereof subject to maximum of Rs.4600/-

5.

DD Payment charges

Rs. 10/-  per instrument

6.

Bulk issuance of DW/IW/RO

Rs.500- Rs.1000          Rs. 5/-per instrument
 (minimum 500 instruments)
Rs.1000-Rs.5000       Rs. 4/- per instrument
Rs.5000- Rs.10,000   Rs. 3/- per instrument
Rs.10,000-Rs.50,000 Rs. 2/- per instrument
Above 50,000            Rs. 1/- per instrument

7.

Liquidity Management services (Sweeping/pooling charges)

Rs. 10/- per  Transaction

8.

Validation of Mandate in System for DDI collection

Rs. 10/- per  Validation (As per Negotiable)

9.

Validation of account

Rs. 2/- per  Account

10.

Mandate Charges (Customer)

Rs. 100/- per  Mandate

11.

DDI Returned (Unpaid)

Rs. 250/- per  Transaction

POS Charges

Sr. No. Particulars Revised Service Charges excluding GST w.e.f. 08.05.2017

1.

Enrolment/Installation Charges

NIL

2

Security Deposit

1) GPRS Fixed/Wireless PC POS- Rs.10,000/-

2) PSTN: Rs.6,000

3

Merchant Discount Rate

Credit Card: Please contact nearest branch

Debit Card: As per regulatory guidelines

4

Monthly Charges

All variants of POS: Rs.475

Bharat QR/ QR Code: Rs.65

ADVANCES

Sr. No. Particulars Revised Service Charges excluding GST w.e.f. 08.05.2017

1.

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

Rs. 75/- per certificate  (for individuals)
Rs. 150/- per certificate  (for others)

2.

Issue of Solvency Certificate

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

Non-commercial --- Rs. 300/- per lac
Commercial --- Rs. 300/- per lac subject to minimum
Rs. 1500/- and maximum Rs. 25,000/-

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

Rs. 1000/- per certificate

3.

Opening accounts with restrictive operations

Rs. 20/-  per transaction up to Rs.1,00,000/-
Cash Credit, Over Draft Account
Rs. 500/- one time at the time of acceptance of instruction or at the time of modification

4.

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

Cash Credit, Over Draft
Account - Rs. 1000/-

5.

Change of authorized
signatory including reconstitution of A/c.

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

6.
1.(a)

(A)Processing Charge

Fund based Working Capital         

Amount/Status

Up to Rs 25000: NIL

Above Rs 25000 ( Fresh/review):

Rs.350/lac or part thereof maximum Rs. 35.00 lacs for exporters Rs.17.50 lacs

NON FUND BASED Working Capital

Amount/status

Up to Rs 25000: NIL

Above Rs 25000( Fresh/Review):

50% of the charges applicable to Fund Based limit subject to maximum of Rs. 17.50 lacs (for exporters Rs. 7.50 lacs)

Overall cap FB+NFB (WC): Rs. 35.00 lacs (for exporters Rs. 17.50 lacs)

1(b)

Non Fund Based Processing Charges for Non-Fund based business (other than DPG and DALC) :
50% of our charges applicable to fund based business 0.10% subject to maximum Rs.17.50 lacs/

Note Total processing charges on FB working capital and NFB should not exceed Rs.35.00lacs/

CARE: Advance under Bills Rediscounting scheme are treated as Fund Based limit.

Processing fees for DL/TL/DPG/Corp Loan

 

 

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

As in item 1 (a)

 

 

 

 

 

 

Short Term Loan/DL/Corporate Loan/TL/DPG (Fresh/Additional Limit)
1% of the limit sanctioned with a maximum of Rs. 100 lacs (for exporters *Rs. 50 lacs)

 

Review/Annual Review of STL/DL/Corporate Loan/TL/DPG

( Other than Retail loan & Loan against future rent receivables )

Rs 60 per lac or part thereof with a maximum of Rs 5.00 lacs

( Above charges will also be applicable for review /roll over of short term loan)

1(d)

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

Upto Rs 5 Crore             – Nil

Above Rs 5 Crore to
Rs 10 Crore                   – Rs 25000/-

Above Rs 10Crore – Fee of Rs 2 lacs to be obtained upfront (non-refundable).

(Other unified charges as applicable to be recovered on sanction)

(C) Commitment Charges
(Fund based facilities)

Commitment charges will be levied in case of non-utilization / under utilization of working capital limits for advance account with fund based working capital limits of Rs.100 lacs (One crore) and above.

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

Where the average utilization is below 60% of the limit or as indicated in QIS statement, commitment charges to be recovered @ 0.50% p.a. for the unutilized portion, as per existing guidelines.

( D) Commit-ment Charges
(Non-Fund based facilities)

Commitment charges will be levied in case of non-utilization / under utilization of Non Fund based credit facilities with limits of Rs.100 lacs (One crore) and above @ of 0.25% p.a for the unutilized portion.

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

7.

GUARANTEES Commission on
inland 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” of
1.00%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)

8.

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.

CONCESSION: @25% of above commission if 100% cash margin (including FDR) is provided.

Normal charges as above.

9.

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.

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 above rates as in 2.a above calculated for the extended period (inclusive of claim period).

10.

Remittances made
by the Bank under
Guarantee, co- acceptance or similar obligations.

NIL

Documentation Charges (Fund based only)

In addition to the processing charge

For Corporate accounts: Actual expenses incurred in registering charges with ROC to be recovered additionally

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

Agriculture advances up to Rs 10 lacs
Documentation charge : NIL

Note: When to be charged
New sanctions (Entire fund based limits including DPG, Usance LC an Financial Guarantees)
At the time of obtaining the set of documents before disbursement.
Review of a/c with existing limits
No charge if no fresh / additional documents are obtained.
Review with increased limits
For the entire amount of reviewed limit.
Ad-hoc limits - At the time of taking
documents for ad-hoc limits.
Obtaining LAD - No Charges

Other Conditions :

Corporate accounts: Actual expenses incurred in registering charges with ROC to be recovered additionally

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

a) In respect of fresh sanctions / new accounts branches should invariably recover the charges as above in cash or debiting account. If the party does not maintain any current / savings bank account or for any other reason it is recovered to the debit of party’s loan / cash credit account, branches should ensure that the amount so debited is recovered immediately and credited to the said loan / CC account.

b) Documentation charges are to be credited to P/L Commission a/c (others Code 5760).

c)For issuance of No Objection Certificat or C.P.—Rs 10,000/- per occasion (no levy where Bank recovers issuing & paying agent charges as IPA).

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

Accounts with limits
Upto 500000/- Nil

>500000 – 1 cr – Rs 1000

>1 cr                  – Rs 5000

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

*Charges for stock audit of accounts with limits Rs 1/- crore and above assigned to concurrent auditors /auditors to be recovered on actual basis as per schedule / charges decided by Zonal authorities., inclusive of Ser. Tax.

11.

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:

Exchang e @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% +(Base Rate + 7%) 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:
1. Usual collection charges as applicable for the respective slab (Section III - 1) are to be levied in all cases in addition to interest.

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

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

4. “Date of actual reimbursement” means: a) Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.

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

5. For collection of supply Bills, commission is to be charged as per the schedule.(Section III-3)

6. Change of original instruction in respect of Bills

Purchase d/discounted – Rs 50/- per request.

 

12.

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.

 

13.

Other Charges
1) Advising LCs (only where LC opening Bank and advising Banks are different)

Rs .500

2) Confirmation of LC (only where LC opening Bank and confirming Bank are different)

For addition of confirmation, 0.20% p.m. for the period of validity and usance on the amount of LC

3) 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

4) Negotiation charges

Rs .500

5) Clean payments received under LC

Rs .500

6) Attestation of commercial invoices

a) At the time of negotiation / collection
– NIL
b) Each subsequent occasion – Rs 50 per invoice

7) Guarantees due to discrepancies in documents

 

 

Providing Credit opinion (including opinion & introduction)

 

Other Credit related Areas

Allowing interchangeability within fund based limits,
within non-fund based
facilities and
between fund based and non fund based limits.

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

Revision of Repayment schedule in respect of TL/DL

 

 

 

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

 

 

 
Charges for TEV study and Vetting of TEV Report

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% min. 500
b) if not parted with – Rs 500

Rs .250
$ 50 in respect of foreign banks

 

 

To be charged on adhoc / temp. interchangeability: 0.25% Min. Rs.500 and Max. Rs .10000

 

 

A/cs. With limit
Upto Rs 25 lacs – Rs.500
Above Rs 25 lacs – Rs.5000

 

A/cs. With limit
Upto Rs 10 lacs –Rs 250
Above Rs 10 lacs upto Rs 1 cr. – Rs 2000
Above Rs 1 cr. – Rs 5000

No Charges for repayment reschedulement for Agricultural advances.

Our share in limits:
Upto Rs 5 cr. – Rs 100000 + ST
> Rs 5 cr and upto Rs 10 cr. – Rs 200000 + ST
> Rs 10 Cr. – Rs 500000 + ST
The captioned charges are applicable for opening/ pertaining ESCROW/ TRA A/Cs( Trust & Retention A/C) to be recovered per annum. Periodicity of collection of above fees is annually.

(In respect of CDR accounts, charges to be as per CDR guidelines)

TEV Study ( strictly for Bank’s internal use)

Project cost:
Up to Rs 15 Crs.

TEV study by bank – Rs 1 lac
TEV study by Consultant – Consultant fee + Rs 25000

> Rs 15 cr and up to Rs 300 cr - .0.050% of project
cost –
Min. Rs 2 lac

> Rs 300 Cr ( Where TEV study is done by PFD)
Fees to be decided on a Case to case basis

TEV STUDY (TO BE SHARED WITH THE CUSTOMER):

Project Cost:
Up to Rs 15 Cr:-
TEV Study by bank- Rs 3.00 lacs

By consultant—Consultant fee + Rs 25000

>Rs 15 Cr and up to Rs 300 Cr.-
0.15% of projected cost +ST

>Rs 300 Cr – TEV Study by PFD- case to case basis.
(Consulant fee ceiling to be fixed by the authority , who approves empanelment of consultants)

Vetting of TEV Reports:
Where project cost > Rs 300 cr. – Rs 50000

Waiver of TEV Study:
(Wherever TEV study is waived by the competent authority)
Upto Project cost Rs 5 cr. – Nil
Above Rs 5 cr. – Rs 50000 (charges to be recovered in addition to usual proc. Charges for addl. Risk taken by the Bank)

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

Mortgage Creation Charges

Per borrowing entity with FB+NFB limits of
i)upto Rs.10 lac s–Rs.500per lac
ii)Above Rs.10 lac but up to Rs.5 c r – Rs.15000/-
iii) Above Rs.5 c r - Rs25 per lac , Min. Rs.25,000/- and Max. Rs.40,000/-.

  • 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 c harge is applicable for extension of equitable mortgage recorded in favour of other lenders also.

Prepayment charges on Term Loan

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

Modification Charges

Present Rate of recovery of modification charges is as under .

Limit

Amount

Upto Rs.1.00 Cr

Rs. 5000

Rs.1.00 to 10.00cr

Rs.15000

Above Rs.10.00 cr

Rs. 25000

We enumerate the illustrative instances of Modification in “Terms & Condition of sanctions” to be effected at the request of the borrower where this charge will be levied :-

(i) Substitution of Collateral
(ii) Release of Personal Guarantee/ Collateral Security
(iii) Interchangeability of limits
(iv)Release/ Substitution of Personal Guarantee/Collateral Security
(iv)Change in Project/ items of machinery
(v)Ceding of charges on Assets
(vi) Rephasement of Loans/ Deferment of Loan instalments
(vii) Approvals for mergers & amalgamations)
(viii) Any other miscellaneous credit related approvals.
ix)Modification in Rate of Interest

Revalidation of Sanction

a) Working Capital - 25% of the applicable processing charges.
B) Term Loan - 25% of the applicable upfront charges.

INTERNET BANKING CHARGES

Sr. No. Particulars Service Charges ( excluding GST )

1.

IRCTC ONLINE TICKET BOOKING

Rs. 10/- per TRANSACTION

2.

ONLINE COLLECTION AND PAYMENT BUSINESS OF EPFO

Rs. 10/- per TRANSACTION

3.

ONLINE COLLECTION BUSINESS OF ESIC

Rs. 10/- per TRANSACTION

Tariff structure subject to change from time to time at the sole discretion of Bank / Regulator, etc. GST, as applicable, is recovered over and above and along with these charges / surcharges.

Note: All services charges are exclusive of GST. GST at applicable rate (i.e. 15.00% of service charges w.e.f.08.05.2017 (14% GST plus 0.50% Swachh Bharat Cess plus 0.50% Krishi Kalyan Cess) will be levied extra on these service charges.

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