Bank of Baroda



Service Charges & Fees
 

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Note: All services charges are exclusive of service tax. Service tax at applicable rate (i.e. 15.00% of service charges w.e.f.01.06.2016 (14% service tax plus 0.50% Swachh Bharat Cess plus 0.50% Krishi Kalyan Cess) will be levied extra on these service charges.


1) DEPOSITS AND ALLIED SERVICES


Sr. No. Area of Banking Service Revised Service Charges
w.e.f. 01.11.2015- excluding service tax
1. Ledger folio charges Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits & Fast Access)
Minimum Rs. 75/-.
Current Accounts

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

Av.Cr. Bal (Rs.) Free folios
Up to Rs.1 lac NIL
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.

Savings Bank Accounts

Transaction Charges

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

    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 -45 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
    1) Current Accounts

    Individual / Non Individual

    Rural / Semi-Urban Rs.2,000/-*
    Urban / Metro Rs.15,000/- (QAB)*
    2) Premium Current Account Quarterly Average Balance (QAB) Rs.75,000/- to be maintained.*
    3) Privilege Current Account Quarterly Average Balance (QAB) Rs.2,50,000/- to be maintained.*
    4) Super SB A/c Opening of Account –Min. Rs.20000/-*

    Maintenance of minimum balance- Quarterly Average Balance (QAB) Rs.20,000/-*

    5)Shubh SB A/c

    Opening of Account –Min. Rs.15,000/-*

    Maintenance of minimum balance- Quarterly Average Balance (QAB): Rs.15000/-*

    6)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/-*

    7)Savings Bank A/c - No frills A/c
      ( Baroda Basic Saving Bank Deposite Account)

    Baroda Basic Saving Bank Deposit Account :

    Zero balance

    8) Pensioners NIL
    5. Charges for not maintaining minimum balance w.e.f. 18.07.2015
    Current Account

    Current Account

    Urban/Metro

    Quarterly Average Balance (QAB) of Rs. 15000/- 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
    • 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
    Nagrik  Bachat Khata 

    Baroda Basic Savings Bank account- NIL
    Baroda Pensioner’s Savings Bank account- NIL

    Baroda Salary Advantage Account - Nil
    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

     

    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) No penal charges

    B) For inoperative Current Account -

    Rs. 200/- per half year.

    This charge is in addition to charges for not maintaining minimum balance. Branch should take care that in no case

    overdraft is created in the a/c due to recovery of Incidental charges in inoperative A/Cs.
    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. 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

    Rs.200/- plus service tax 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/-
    Shubh SB A/c Rs.300/-
    Current Account

    Individual : 250/-

    Others: 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

    RD/ YSJY A/c

    Individual : Rs. 100/-

    Others : Rs. 150/-

    Closure of Account due to death of Account Holder No Charges
    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.

    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
    21.

    Penal Charges for late payment of installment in Recurring Deposit A/c.

    Irrespective of tenure uniform rate of Rs..2.0 per Rs.100/- per month across the board.
    Exclusive of Service Tax

    TO TOP



    2) COLLECTION

    Sr. No. Area of Banking Service Service Charges
    (Floor Rates)
    Exclusive of Service Tax
    1. Service Charges for Outstation Cheque Collection: - w.e.f. 02.04.2012  
    Value

    Service charges from Savings /Other Customers

    Upto Rs.1 lac Upto - Rs.5000/- - Rs.25
    Above Rs.5000/- and upto Rs.10000/- - Rs.50/-
    Above Rs.10000-and upto Rs.100000/- - Rs.100/-
    As mandated by RBI.
    Above Rs.1 lac – 5 lac Rs.200
    Above Rs5 lac – 10 lac Rs.225
    Above Rs.10 lac Rs.250

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

    Cheques collected through our branch for another bank

    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. Immediate credit of outstation cheques

    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/-

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

    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

    TO TOP



    3) REMITTANCES

    Sr. No. Area of Banking Service Service Charges
    (Floor Rates)
    Exclusive of Service Tax
    1.

    Issuance of  DD/MT/BC

    Individual:

     

    Up-to Rs.10,000/-  

    - Rs.60/- flat

    Above Rs10000/- 

    @ Rs.5.00 per     Rs..1,000/- or part thereof subject to Min. Rs.50/- & Max. Rs..15,000/- + Cash Handling charges.

    Non-Individual:  

    UptoRs.1,000/-

    -Rs.80/-  flat

    Above Rs.1,000/-to Rs.10,000/-

    - Rs.100/-  flat

    Above Rs10,000/-

    @ Rs.5.00 per Rs.1,000/- or part thereof subject to Min. Rs.60/- & Max. Rs.15,000/- + Cash handling charge

    2.

    Issue of TT

    SINCE DISCONTINUED

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

    DUPLICATE DD

    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.

    4.

    Against tender of cash for any mode of remittance

    50% plus ST higher charges over floor rates

    5.

    DUPLICATE DD

    Individual & Non Individual:
    Rs. 250/- per instrument

    6.

    Remittance of fund through RTGS

    Time varying RTGS charges w.e.f. 23.05.2016

    (A) Inward Transaction =   Nil
    (B) Outward Transaction as under: 

    Amount in Rs

    Transaction

    Total charges( Excl. Service Tax)

     Rs 2 Lacs to Rs 5 Lacs

    Total charges ( Excl. Service Tax)

    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/-

    7.

    Remittance of fund through NEFT -

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

    Up to  Rs.1 lac

    Rs.5/- per transaction

    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).

    8.

    ECS Form / Mandate Verification

    Rs..100/- per occasion

    9.

    Payment of Fixed deposit to other bank

    Remittance charges as applicable plus out of pocket expenses

    10.

    EFT Charges

    Same as NEFT

    11.

    ECS Charges

    Rs 250/- for setting up ECS mandate. Return charges as cheque return charges

    TO TOP



    4) SAFE DEPOSIT LOCKERS

    (Exclusive of service tax)

    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

    Note:

    1. 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.
    2. Penalty for late payment of locker rent (from the due date) be levied as under:

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

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

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

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

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

    Rent in advance can be accepted for maximum three years only.

     

    TO TOP



    5) MISCELLANEOUS SERVICES

    Sr. No.

    Area of Banking Service

    Service Charges
    (Floor Rates)
    Exclusive of Service Tax

    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

    3.

    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).

    4.

    Transfer of Securities From pledge to safe custody.

    As per 2 above.

    5.

    Issuance of Certificate of holding

    Rs. 30/- per year.

    6.

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

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

    7.

    Purchase/Sale/ Redemption of Securities

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

    8.

    Attestation of customer’s signature

    100/- per instrument / occasion.

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

     

    9.

    Issuance of no dues certificate

    I. For borrowers under Priority Sector - NIL.
    II Others  Rs.100/- per occasion.
    (Rural branches Rs.20/- per occasion)
    10.

    Providing credit report (including opinion and introduction)

    Rs. 500/- per occasion

    11.

    Inquiries relating to old records.

    3 to 12 months old

    Rs. 100/- per item.     

    Above 12 months 

    Rs.300/- per item

    12.

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

    Free under CTS.

    13.

     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.

    14.

    Photo attestation

    200/- per photo / occasion

    15.

    Revised Cash Handling Charges
    (At Base branch and  Non-Base Branches within same city) w.e.f. 01.08.2013

    Total cash deposited at Base and local Non-base branch

    a. Savings Bank accounts
    Cash Deposit -Any Amount - Free of charge
    (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.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 notescharges will be levied @ Rs.10/- per packet or a part thereof. (Min. Rs.10/- , Maxi. Rs.10000/- plus Service tax at applicable rate.”

     

    TO TOP



    6)   GENERAL

    Sr. No.

    AREA OF BANKING SERVICE

    SERVICE CHARGES
    (FLOOR RATES)
    Exclusive of Service tax

    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.

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    7) INTERSOL CHARGES

    Sr. No.

    Area of Banking Servce

    Revised Service
    Charges w.e.f. 15.01.2011

    1. CBS Operations –Outstation .
    (A) CASH Handling Charges at outstation branches

    A) CASH DEPOSIT (Outstation)

    Local Non-base branches

    Cash handling charge as applicable to base branch.

    Out-station Non-base branches

    For SB Accounts - Cash deposit upto Rs. 30000/- per day per account is free of charges, thereafter in excess of Rs. 30000/-, service charges will be levied at Rs.2.50 per thousand or part thereof.

    (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)

    B) CASH WITHDRAWAL (Inter-SOL)

    Local Non-base branches &Out-station Non-base branches

    Cash withdrawal Charges at Local non base and outstation branch - No charge.

    However, Maximum withdrawal allowed at outstation branch is Rs. 50000/- 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)

    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) Service charges for Cheque collection under Speed Clearing (by collecting banks from customers) - w.e.f. 02.04.2012 RBI mandated charges w.e.f. 30.03.2012

    Value

    Service charge from Savings/ Other a/c customers

    Upto Rs.1 lac SB a/c –Nil
    Rs.20/- Others
    Above Rs.1 lac – 5 lac Rs.175
    Above Rs5 lac – 10 lac Rs.200
    Above Rs.10 lac Rs.225
    Exclusive of Service Tax

    TOP

     


    8)Debit Card CARDS
    Sr. No. Particulars

    Service Charges ( excluding Service Tax )

    1.

    Annual Fee

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

    2.

    Additional Cards

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

    3.

    Renewal Charges

    Renewal now after 10 years: renewal charges remain free

    4.

    Card Replacement charges (within India)

    Rs.200/- per replacement

    5.

    Pin Regeneration

    Rs.150/- per regeneration

    6.

    Bank of Baroda ATMs Cash Withdrawal Balance Enquiry

           Free

    7.

    On NFS Member Bank's ATMs

    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.

    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: Rs 20/- for every transaction; no transactions are free.

    8.

    Other RuPay/VISA/MasterCard enabled ATMs(abroad)

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

    9.

    Charge –slip retrieval charges

    Rs.400/- per replacement

    10

    Account overdrawn charges

    Rs.100/- per occasion

    11.

    Surcharges at railway and Petrol Pumps

    Rs.2.5% + Service Tax (if any), on transaction amount to Rs.10/- whichever is high.

    **Tariff structure subject to change from time to time at the sole discretion of Bank/RBI, etc.

    TOP

     


    9)SERVICE CHARGES ON ADVANCES
    Sr. No. AREA OF BANKING SERVICE

    SERVICE CHARGES excluding service tax/education cess (Service charges , Education cess, and any other tax applicable from time to time will be recovered separately)

    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

     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(c)

    Non Processing     Charges for Adhoc Sanction

    Pro-rata for the period of adhoc at the applicable  rates  for  the  adhoc  portion over the existing limits.

     

    Processing charges to be recovered on aggregate limits instead of individual limits

    Other General Provisions :
    In all fresh accounts 50% of the above charges are to be recovered upfront & in case

    i)      if limits are sanctioned and availed balance 50% to be recovered on availment.
    ii)    If sanctioned but not availed the recovered charges are not refundable.
    iii)   If not sanctioned the recovered charges are  refundable.
    iv)    Lead Bank Charges :

    0.20% of the aggregate of Fund Based and Non Fund Based, subject to a minimum of Rs. 5 lacs and maximum of Rs. 25 lacs.

     This will be in addition to the unified processing charges.

     

    (v)    No processing charges for Agri.
    Adv. upto Rs.10 lacs –
    (vi)    No charges for BP / BD under LC (under regular / adhoc limits)

    (vii)  Processing   charges   on   Term Loan  under  de-centralized scheme  on technology upgradation / establishment / modernization of food processing industries is 150%of the normal charge for the term loans.

    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.`.500/-  Max.`.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.

      EXPORTS  
    14

    For each foreign currency & rupee export  bill Purchased /discounted/negotiated.

    Rs.750/- (for bill amount of USD
    25000/- and above )

    Rs 500/- (for bill amount below
    USD 25000/-)

    15

    Where the bank sends an export bill for negotiation to another Authorised Dealer in India (due to reasons such as L/C being restricted to the latter or the L/C has been confirmed by latter etc.)

     

    RS  500/- per bill

    16

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

     

    Rs  500/- (for each claim)

    17

    Commission     on     Joining     in customer’s guarantees and for giving guarantees/ indemnities on behalf of customers to other banks in  India  in  respect  of discrepancies, etc. in documents negotiated under letter of credit.

     

    @ 0.10% with min. of Rs 500 for each transaction.

    18

    Export   bills   for   collection   and exports       under       consignment arrangements.

    As per 14
    Rs 750/- (for bill amount of USD
    25000/- and above )
    Rs 500/- (for bill amount below
    USD 25000/-)

    19

    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 – as per 14

    20

    Export Letters of
    Credit

    Letters of Credit include letters of credit, standby letters of credit, letters of authority, orders to negotiate, orders for payment and all types of  documents of similar nature.

     

    21

    =>Advising       Commission       & => Amendments
    =>Advising through other Bank

    Rs 800/- for each LC

    And   Rs 500/-     for     each amendment.

    22

    Charges for adding confirmation to a Letter of Credit.

     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/-

    23

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

    Rs  500/-  for  each  transfer  and
    subsequent amendment

    24

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

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

    25

    In  case  of  each  overdue  export bill, sent on collection where the proceeds are not received in NOSTRO  Account  on  or  before the due date and in case of each overdue export 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.

    26

    Charges   recoverable   from   the exporters where advance payment towards exports is 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.

      IMPORTS  
    27 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

    Proposed charges

    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

    28

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

    25%    of    the    charges    as mentioned in 27 above

    29

    Amendment  –  Extension  of  the validity.

    Rs 500/-  per  amendment  plus
    charges  applicable  as per 27 for the extended period.

    30

    Amendment  –  Enhancement  of the value

    Rs.  500 per amendment. In case
    of enhancement of the value of a Letter of Credit, charges as per point No. 27 for establishing a Letter  of  Credit shall be recovered for the additional amount, on the outstanding liability under the LC.
    Note:   For   the   purpose   of levying   charges   under   this
    Rule, value of  each enhance- ment will ordinarily be considered separately without adding it to the original value of the Letter of Credit.

    31

    Amendment – altering tenor of the Bill of Exchange

    Rs 500 amendement charges.
    In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per 27  shall be collected on the outstanding liability under the LC.

    32

    Commission  for  any  amendment
    to a LC, other than extension of its validity   or   enhancement   of   its value.

    Rs. 500/- per amendment.

    33

    Revival of expired LCs

    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
    27 from  the date of  expiry upto the validity period of  the revived Letter of Credit.

    34

    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

    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

    35

    REVOLVING       LETTER       OF   CREDIT On a revolving Letter of Credit established as per provisions of Trade & Exchange Control Regulations and for restoration of the credit to the extent of drawings honoured (whether the Letter of Credit specifies the maximum amount of total drawings or the maximum amount of drawing permitted at any one time).

    As mentioned in 27above.

    36

    REINSTATEMENT  CHARGES
    upon  the  reinstatement  under  a Revolving Letter of Credit.

    As mentioned in 27 above.

    37

    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

    38

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

    Flat amendment commission of`.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.

    39

    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.

     

    40

    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.

    CRYSTALLISATION OF IMPORT
    BILLS   UNDER   LETTERS   OF CREDIT

     

    41

    At   the   time   of   retirement   or crystallisation      (whichever      is earlier) of import bills.

    @  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%

    42

    Commission  on  foreign  currency
    import bills received under Letters of  Credit  on which no  exchange benefit accrues to the Opening Bank.

    0.1% (minimum Rs 500/-)

    Discrepancy  charges  in  case  of
    non-conforming documents under letters of credit.

    USD 50 or its equivalent rupee

    COMMISSION  ON  BILLS  (NOT UNDER LETTER OF CREDIT)

     

    43

    On  each  bill  drawn  in  foreign
    currency, on which the 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 per 27

    44

    On each bill drawn in Rupees andon each bill drawn in foreign currency on which the bank does not earn exchange benefit.

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

    For individual transaction over
    ` 1  crore  rates  applicable  as per 27

    45

    IMPORT DOCUMENTS COVERING PROJECT IMPORTS

    @  0.20%  with  a  minimum  of
    `.500.

    IMPORT DOCUMENTS RECEIVED DIRECTLY BY IMPORTERS

    50% of 43

    46

    Countersigning/Co-acceptance/
    Availisations of import bills

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

    47

    Custody charges for overdue bills

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

    48

    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/-)

    49

    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.

    50

    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.

    51

    Back to back Letter of Credit.

    Back-to-back  letters  of  credit  will be treated as separate transactions   and   commission as per Rule 27 or 28 as applicable shall be charged to the customer.

    52

    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/-)

      INWARD REMITTANCES  
    53

    Application    of    exchange    and interest rates.

    For the purpose of encashment of TTs/Payment of foreign currency Demand   Drafts,   Mail   Transfers etc.  the  application  of  exchange and  interest   rates  shall  be  as under:
     
    54

    Purchase  of  customer’s personal cheques,         demand        drafts,
    international  money  orders, bankers  pay  orders  payable abroad.

    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)

    55

    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/-
    (service  tax  applicable  to  be recovered)

    56

    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/-

    57

    Clean instrument for Collection: Commission  to  be  recovered  on
    clean     instruments     sent     for collection abroad.

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

    58

    Foreign Currency instruments sent
    on collection within India

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

      OUTWARD REMITTANCES.  
    59

    On all outward remittances.

    An   amount   of   Rs 100   upto
    Rs10,000/-   and  Rs 200   above
    Rs 10,000/- (In case of advance remittance against imports additional charges equivalent to
    25% of 43 or 44 are recoverable).

    60

    Issue     of     Foreign     Currency
    Travellers Cheques Commission

    @   1%   on   rupee   equivalent
    payable by the customer

    61

    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%

    62

    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

    63

    EEFC ACCOUNTS
    Where the bank effects outward remittance  to the  debit  of  EEFC account of the customer commission payable.

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

      GUARANTEE  
    64

    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.

     

    65

    In case of guarantee (other than those  issued  for  project  exports)
    issued   against   100%   counter- guarantees of the Government of India  and  in case  of  guarantees issued against 100% cash deposit, or  where  guarantees  are  issued on  behalf  of  Central  and  State Governments                           and Corporations/Institutions/Compani es   wholly   owned   by   them   or backed up by counter indemnity of reputed international bank.

    Min.  25%  of  normal  rates  as mentioned in 66,67,68 & 69

     

    Types     of     Guarantees     and
    Charges

     

    66

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

     

    a.   Relating   to   imports   under
    L/C’s opened by the Bank.

    b.   Relating     to     imports     not covered under L/C

     

    Rs 500 per Guarantee

     

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

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

    67

    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                     75%
    90%
    ECGC   Premium            0.80%
    0.95%
    Bank  Comm.                  0.45%
    0.35%
    Total cost to
    exporters                         1.25%
    1.30%

    •    In    case    of    guarantees issued against 100% counter-guarantees of the Govt.  of  India/  cash deposit, charges are as per
    65.
    •    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.

    68

    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.

    69

    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 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
    instalment 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.

    70

    All other guarantees

    0.15%    per   month   for   the specified period of liability.

    Where the guarantee period is less  than  2  months, commission  recoverable  shall be 0.25%.

    In case of early redemption of the guarantee after a period of 2 months.

    50% of the commission for unexpired period may be refunded at the discretion of the bank.

    71

    The   minimum   charge   for   any
    guarantee shall be

    Rs..500/-

    72

    Foreign       Exchange       Forward
    Contract Charges
    Commission  on  each  sale  and purchase contract booked.

    Rs. 400/-  per  sale  or  purchase
    contract.

    73

    Cancellation/addition

    Rs 400/-  per  sale  or  purchase
    contract.

    SWIFT CHARGES

    Rs 500/- per message

     

    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.


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    10) UNIFIED PROCESSING CHARGES ON RETAIL LOAN W.E.F 01.07.2016
    Sr. No. RETAIL LOAN PRODUCTS UNIFIED PROCESSING CHARGES
    (Service tax, Education Cess, Swachh Bharat Cess, Krishi kalian Cess and any other tax applicable from time to time will be recovered separately)
    1

    Baroda Home Loan &
    Baroda Home Improvement Loan

     

    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/-

     

    Baroda Additional Assured Advance (AAA)

    0.25% of the Loan amount
    Minimum: Rs. 5,000/- (upfront)

    Maximum: Rs.12,500/-
    Takeover of Home Loan  (Resident /NRI/PIOs)

    Rs.7,500/- (upfront)

    Pre Approved Home Loan

    Rs.7, 500/- (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.
    2 Baroda Auto Loan

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

    Minimum Rs. 1000/-
    3 Baroda 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 
    4 Baroda 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.
    5

    Baroda Personal Loan

    (including Baroda Premium Personal Loan)

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

    Maximum: Rs.10,000/-
    6

    Baroda Pensioners Loan

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

    Others  : Rs.1,000/-
    7

    Baroda Traders 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 charges as mentioned above.
    8 Baroda Loan to Doctors 0.35% Maximum Rs.15000/-
    9 Baroda Advance Against Securities

    Rs. 500/-

    (No other charges)
    10

    Baroda Ashray

    (Reverse Mortgage  Loan)

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

    Upfront Charges: Rs.7,500/-
    11  Baroda Advance Against Gold Ornaments / Jewellery 0.50% of Loan Amount.

    A.

    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 Point No. 73 of 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

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