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 12.36% of service charges w.e.f.01.04.2012) 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. 15.01.2011
1. Ledger folio charges Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits &   Fast Access)
Rs. 50/- per ledger page
Current Accounts

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

Av.Cr. Bal (Rs.) Free folios
Upto 25000/- NIL
Above 25000/- & upto to 50000/-  4
Above 50000/- All Free

NOTE:

For a/cs maintained on computers, 30 entries or part thereof to be treated as one ledger page.

In Baroda Premium Current Account and Baroda Premium Current Account Privilege: Ledger Folio charges  -    NIL

Savings Bank Accounts

For SB A/cs No folio charges - However not more than 100 debits (other than service charges & debits on account of transfer to Poonam Deposit account) per half year should be allowed in SB a/c and in case the number of debits exceeds 100 a service charge of Rs.10/- per debit exceeding 100 be charged.

This is also applicable for Super & Subh Savings Bank Accounts.

Ledger folio 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

Rs.50/-- per Pass Book / Statement with latest balance only. Charges for previous entries (if required) Rs.50/- per ledger page or part thereof.

Non- Individual-

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

Note:

For accounts maintained on computers, 30 entries or part thereof be treated as one ledger page.

Normally statement of accounts is free once in a month but in Super Savings Bank, Subh Savings Bank Premium current account and Premium current account privilege - free two times in a month.

b) Issue of letter of
acknowledgement/duplicate TDR in case of loss of TDR
For Acknowledgement Rs. 25/-
For Duplicate TDR Rs.80/-
3.

Cheque Book Issuance Charges

Savings Bank:

In SB Accounts of individuals - 40 leaves will be free in a financial year. Free supply of cheque books in a SB a/c will be on pro-rata basis, i.e.  20 cheque leaves for -6- months (H.Y. April- Sept & Oct-March and/or part thereof) Subsequent cheque book as under:-

Personalized cheque book Rs.3/- per cheque leaf

Non-personalized cheque book Rs.2.5 per cheque leaf.

CA/CC/OD/Fast Access:

1st cheque book is free and subsequent cheque book @ Rs.3/- per leaf for MICR/NON MICR cheque books.

Note:

1st Cheque book means cheque book of 50 leaves.

For Super Savings bank & Shubh Savings bank -- No charges.

For Premium current account and Premium current account privilege-- No charges

In case of valued customers: -- cheque book issuance charges can be waived by Branch Manager
4. Opening & minimum balances
 
1) Current Accounts

Individual / Non Individual

Rural / Semi-Urban Rs.1,000/-*
Urban / Metro Rs.10,000/- (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.1,000/-
Maintenance of minimum balance-Quarterly Average Balance - Rs.1,000/-*
7)Savings Bank A/c - No frills A/c
  ( Baroda Basic Saving Bank Deposite Account)

Baroda Basic Saving Bank Deposit Account :

Account can be opened with zero balance also. There is no requirement of minimum balance.

8) Pensioners Rs.5/- for all centres.
5. Charges for not   maintaining minimum balance  
Current Account If Quarterly Average Balance (QAB) of Rs.10,000/- is not maintained :- Rs.500/-  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..50/- per quarter      
Urban / Metro Rs.100 per quarter

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 
Nagrik Bachat Khata  :  NIL
6.

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

Rs.25/- per occasion.

7.

Charges for Standing instructions

No charge within same branch

  1. Rs.25/- 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
  2. No charge for Super SB & Shubh SB A/cs.
8.

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

Rs.40/- per occasion.

9.

Charges for Stop Payment instructions (Per instrument)

S.B.                –   Rs.50/- per instrument
CA./CC./OD:  --   Rs.100/- 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.200/-
C.A./C.C./OD      – Rs.400/-

10.

Charges for Cheque returned unpaid

 

Local cheques :
(A)Cheque deposited & Returned  Unpaid (Inward Return)

Rs.75/- per instrument. (irrespective of  nature of  reasons) + Rs.50/- out of pocket expenses.

(B) Cheque (drawn on us) returned (Outward Return)
Rs.250/- (in respect of cheque returned for financial reasons) and Rs.50/- for other reasons + Rs.50/- out of pocket expenses.
In respect of inward clearing cheques returned unpaid due to financial reasons, Intt. @ Base Rate+7.5% p.a. for the period the bank was out of funds is also to be recovered. The Intt. Is to be credited to P/L Intt. Received A/C (Others).

Outstation Cheques:

Rs.200/- per cheque + Rs.50/- out of pocket expenses.
Charges for entries (Dr.) received through ECS and not responded:- As per cheque return charges.
11.

Incidental charges for inoperative accounts

A)  Inoperative Savings Bank a/cs.

  1. Account maintaining stipulated minimum balance -   Nil
  2. Account not maintaining stipulated minimum balance -   Rs.75/-at the time of interest application as at end of 1st year of inoperative status under advice to a/c holder.
  3. If the balance in the a/c is Rs.75/- or less - Entire balance to be appropriated towards service charges under advice to the account holder.

B) For inoperative Current Account - Rs.100/- per half year.

This charge is in addition to charges for not maintaining minimum balance.
12.

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

Rs.40/- per certificate (for individuals)

Rs.60/- per certificate (for others)

Normally free once in a year but in Premium & Privilege current account -free of  charge

13. Premature closure of  A/cs -(within a year)  
SB A/c

Individual : Rs.100/-       

Others     : Rs.200/-
Super     SB A/c Rs.500/-
Shubh    SB A/c Rs.300/-
Current Account

Individual : Rs.100/- 

Others     : Rs.200/-

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.75/-      
Others     : Rs.100/-
Closure of Account due to death of Account Holder No Charges
14.

Issue of Solvency Certificate


Upto Rs.5/- lacs

Rs.500/-

Above Rs.5/-lac

Rs.100/- per lac & part thereof subject to max of Rs.15,000/-

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.1,500/-

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

Rs.500/- per certificate
15.

Opening accounts with restrictive operations


Current, Cash Credit, Over Draft Account

Rs. 200/- per  half   year

Savings Bank Account

Rs. 50/- per half   year

16.

Allowing operations in an a/c through

Current, Cash Credit, Over Draft Account   -   Rs. 200/- per half year

a) Power of Attorney

b) Mandate

Savings Bank Accounts - Rs. 50/- per half year
17.

Change  of authorized signatory including reconstitution of A/c.

Current, Cash Credit, Over Draft Account-Rs.100/- per change

18.

Post parcel for Collection

Our usual collection charges plus storage charges @ Rs.25/- per day with a minimum of  Rs. 100/-

19.

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

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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

2. Immediate credit of outstation cheques

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

3.

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

a) Applicable  to   IBCs

Bills for Amount :

Upto Rs.1,00,000/-  -

Rs.9/- Per Rs.1,000/- or part thereof subject to Minimum Rs.100/-.

Above Rs. 1 lac upto   Rs.10/- Lacs                  

Rs..8/- per Rs..1,000/- or part thereof subject to a min. of Rs..800/-

Above Rs.10/- Lacs          

Rs.6/- per Rs.1,000/- Min. Rs. 8,000/- & Max. Rs.10,000/-

Note: Postage is to be recovered on actual basis

 

b) Applicable  to   OBCs

Bills for Amount :

Upto Rs.1,00,000/-     

Rs..7/- per Rs..1,000/- or part
 thereof subject to minimum  Rs..50/-

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

Rs..6/- per Rs.1,000/- or part thereof subject to a min. of Rs.600/-

Above Rs. 10/- lacs             

Rs..5.00 per Rs..1,000/- min. Rs.. 5,000/- & max. Rs.10,000/-

Note: Postage is to be recovered on actual basis.

4.

Handling charges for bills returned unpaid

Local

Outstation



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

Note: Postage is to be recovered extra.

5. Collection of deposit receipts  on maturity Free
6.

Charges for presentation of usance bills

Rs.60/- per bill. (Also in cases of BP/BD – where there is a change in instructions.

7.

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..60/- per request

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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.50/- flat
Above Rs10000/-  @ Rs.4.00 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.40/-  flat

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

- Rs.50/-  flat

Above Rs10,000/-

@ Rs.4.00 per Rs.1,000/- or part thereof subject to Min. Rs.50/- & Max. Rs.15,000/- + Cash handling charge

Note:

  • At par issuance of DD/Bankers' cheque in respect of loan sanctioned by the branch and payment is made directly to the suppliers..
  • 50% concession in Baroda Premium Current Accounts (BPCA) and free of charges in case of Baroda Premium current account privilege customers
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:
Rs..100/- per instrument.

(In case of lost instrument, Rs..200/-)

Non Individual- 
Rs.100/- per instrument.       

4.

Against tender of cash for any mode of remittance

50% plus ST higher charges over floor rates

5.

Remittance of fund through RTGS

Time varying RTGS charges w.e.f. 15.11.2011

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

Amount in Rs

Transaction

Total charges( Incl. Service Tax)

 Rs 2 Lacs to Rs 5 Lacs

Total charges ( Incl. Service Tax)

Above Rs 5 Lacs

Between 9.00 hrs. to 12 hrs.

28/-

  55/-

After 12 hrs. to 15.30 hrs.

29/-

  56/-

After 15.30 hrs. to 17.30 hrs.

33/-

  61/-

After 17.30 hrs.

33/-

  61/-

6.

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).

7.

EFT Charges

Same as NEFT

8.

ECS Charges

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

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4) SAFE DEPOSIT LOCKERS

Revised locker rent in rupees for one year- W.E.F 01.10.2010.
(Exclusive of service tax)

Class Of Lockers

Metropolitan

Urban

Semi Urban/ Rural

Revised

Revised

Revised

A

1100

900

700

B

1200

1000

750

D

1550

1350

900

C

1650

1450

1000

E/H-1

2000

1800

1400

G

3000

2800

2400

F

3000

2800

2400

L-1

5000

4500

4000

H

3500

3300

2800

L

5000

4800

4200

Note:

  1. In case of breaking open of the locker, Rs.250/- 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. 1000/-
    Rs..20/-p.m. or part thereof for first   3- months and Rs..30/-   p.m. thereafter.

    Where annual locker rental is above Rs.1000/-
    Rs..30/-p.m.for first 3months and Rs..50/- p.m. thereafter.

When the rent is paid in advance for -3- years & above, 10% discount may be allowed, 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.

NEW PROVISION FOR CHARGES FOR LOCKER OPERATIONS MORE THAN 12 TIMES A YEAR – Rs.50/- PER OCCASION.

 

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5) RETAIL LOANS
Sr. No. Particulars Unified Processing Charges
(Exclusive of Service Charges)
1.

Home Loan
(Baroda Home Loan to Resident Indians / NRIs / PIOs)

Loan upto Rs.30 Lacs  – 0.50% (Minimum Rs..5,000/-)
Above  30 Lacs            -- 0.40% (Min. Rs.15,000/- & Max. Rs.50,000/-)

Home Loan to Staff (under public scheme)

Existing charges – Processing & Doc. 

Takeover of Home Loan  (Resident /NRI/PIOs)

0.10% (Without any Maximum limit)

Home Improvement Loan

0.50%

Baroda Additional Assured Advance

Upto Rs.30 lacs    -- 0.50% (Minimum Rs.5,000/-)
Above Rs.30 lacs  -- 0.40% (Min. Rs.15,000/-  & Max. Rs.50,000/-)

2. Baroda Ashray (Reverse Mortgage Loan) 0.20% (Maximum Rs.10,000/- (one time))
3. Mortgage Loan

Loan – 1% (Min. Rs.1,000, Max. Rs.50,000/-)

Overdraft (Fresh/Renewal) -- 0.35% (Min. Rs.1,000/-, Max. Rs.25,000/-)

4. Traders Loan

0.35% (Min. Rs.1,000/-, No maximum limit)

5. Baroda Loan to Doctors

0.35% (Max. Rs.15,000/-)

6. Baroda Advance Against Securities Rs.100 flat plus out of pocket expenses and actual conveyance charges.
7.

Car Loan

Loan upto Rs.15 lacs   - 0.75% (Max. Rs.10,000/-)

Over Rs.15 lacs - 0.50% (Min. Rs.10,000/-, No maximum limit)

Two Wheelers

2%,  (Minimum Rs.250/-)

8.

Personal Loan 

2% (Minimum Rs.500/, No Maximum limit)

Pensioners Loan

Rs.500/- Fixed

Defence Pensioners Loan

Rs.500/- Fixed

Baroda Loan for Laptop
& Personal computer

2%, Minimum Rs.500/-

9. Education Loan

Study in India   --  NIL

Study Abroad   -- 1.00% (Refundable on availment of loan)

10. Baroda Salary Advantage Savings Account

0.50%  (Minimum Rs.100/-)

Note: For retail loans pre inspection charges are included in unified processing charges but post inspection charges are to be levied as per extant guidelines.

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6) Forex Service Charges

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

1

EXPORTS

 

1.1 (a)

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/-)

1.1 (b)

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

1.1 (C)

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

 

Rs.500/- (for each claim)

1.2

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.

1.3

Export bills for collection and exports under consignment arrangements.

As per 1.1 (a)
Rs.750/- (for bill amount of USD 25000/- and above )
Rs. 500/- (for bill amount below USD 25000/-)

1.4

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

  1. Where full advance remittance has been received through our bank - Rs.200/- per Bill.
  2. Where full advance remittance    received through other bank - Rs.500/- Per Bill.
  3. If advance remittance is not received and bill amount is to be collected – as per 1.1 (a)

1.5

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.

 

1.5 (a)

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

Rs. 800/- for each LC

And Rs..500/- for each amendment.

1.5 (b)

Charges for adding confirmation to a Letter of Credit.

Unified charges (Commitment + Usance)

Sight LCs and upto 30 days usance:

LC Amount                     

%

Upto 1 crore                 

0.25

>1 crore upto 5 crore  

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/-

1.5 (c)

Commission in lieu of exchange

 

1.6

=>Transfer of Letters of Credit
=>Amendments

Rs.500/- for each transfer and subsequent amendment

1.7

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

Rs.100/- per set of BRC

Rs.100/- Other certificates

1.8

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.

1.9

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.1.3 should be recovered from the customer at the time of submission of export bills.

2.1 (a)

Charges for establishing Letter of Credit

Unified charges (Commitment + Usance)

Sight LC (DP):

  • 0.35 % for first quarter plus

  • 0.15 % p.m. thereafter

LCs beyond 30 days usance:

Borrower account with credit rating Revised 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

Note: 25 % of the normal charges to be recovered on foreign letter of credit with 100% cash margin (Existing Norms).

2.1 (b)

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

25% of the charges as mentioned in 2.1(a) above

2.1 (c)

Amendment – Extension of the validity.

 

Rs.500/- per amendment plus unified charges applicable as per 2.1 (a) for the extended period.

2.1 (d)

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. 2.1(a) 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.

2.1 (e)

Amendment – altering tenor of the Bill of Exchange

Rs. 500 amendment charges.
In the case of amendment altering the tenor of the Bill of Exchange, additional unified charges as per 2.1 (a)  shall be collected on the outstanding liability under the LC.

2.1 (f)

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

Rs. 500/- per amendment.

2.1 (g)

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  unified charges as per 2.1(a) from the date of expiry upto the validity period of the revived Letter of Credit.

2.2

STANDBY LETTER OF CREDIT

Borrower account with credit rating Revised 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.m. 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

The above charges for Standby Letter of Credit are applicable for the purpose of Import of Goods i.e. for trading purpose only. For funding i.e. for raising loans against SBLC the charges will be levied as per issue of Bank Guarantee.

2.3 (a)

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 2.1 (a) above.

2.3 (b)

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

As mentioned in 2.1 (a) above.

2.4

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

2.4 (b)

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.

2.4 (c)

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.

2.4 (d)

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

2.5

CRYSTALLISATION OF IMPORT BILLS UNDER LETTERS OF CREDIT

 

2.5 (a)

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%

2.5 (b)

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/-)

2.5 (c)

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

USD 50 or its equivalent rupee

2.6

COMMISSION ON BILLS (NOT UNDER LETTER OF CREDIT)

 

2.6 (a)

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/-

2.6 (b)

On each bill drawn in Rupees and on 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/-

2.7

IMPORT DOCUMENTS COVERING PROJECT IMPORTS

@ 0.20% with a minimum of Rs.500.

2.8

IMPORT DOCUMENTS RECEIVED DIRECTLY BY IMPORTERS

50% of 2.6(a)

2.9

Countersigning/Co-acceptance/ Availisations of import bills

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

2.10

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.

2.11

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/-)

2.12

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.

2.13

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.

2.14

Back to back Letter of Credit.

Back-to-back letters of credit will be treated as separate transactions and commission as per Rule 2.1 (a) or 2.1 (b) as applicable shall be charged to the customer.

2.15

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/-)

3.A

INWARD REMITTANCES

 

3.a

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:

 

3.a (I)

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)

3.a (ii)

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)

3.a (iii)

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/-

3.b

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

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

3.c

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.

3.B

OUTWARD REMITTANCES.

 

(I)

On all outward remittances.

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% of 2.6(a) or 2.6(b) are recoverable). 

(II)

Issue of Foreign Currency Travellers Cheques Commission

@ 1% on rupee equivalent payable by the customer 
can be waived as under, Branch manager (MM III) – 50% (SM IV) – beyond 50%)

(III)

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%

(IV)

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

(V)

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.

4

GUARANTEE

 

4.1

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.

 

4.2

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/Companies wholly owned by them or backed up by counter indemnity of reputed international bank.

Min. 25% of normal rates as mentioned in 4.3 & 4.4

4.3

Types of Guarantees and Charges

 

4.3 (I)

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

 

 

  • Relating to imports under L/C’s opened by the Bank.
Rs.500 per Guarantee
  • Relating to imports not covered under L/C

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

4.4 (I)

Export performance guarantees for Project Exports which include:

  • Bid-bonds
  • Bonds for earnest money
  • 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 4.2.
  • 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 Int’l.  Divn. 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.

4.4 (II)

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.

4.4 (III)

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:

  1. 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.
  2. 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.

4.4 (IV)

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.

4.4 (V)

The minimum charge for any guarantee shall be

Rs.500/-

5.

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

Rs.400/- per sale or purchase contract.

5.1

Cancellation/addition

Rs.400/- per sale or purchase contract.

6

SWIFT CHARGES

Rs.500/- per message

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7) MISCELLANEOUS SERVICES

Sr. No.

Area of Banking Service

Service Charges
(Floor Rates)
Exclusive of Service Tax

1.

Safe Custody Charges

Scrip: - Rs.5/- per scrip. Minimum Rs.50/- per year or part thereof.

Sealed Covers: - Rs.100/- per cover per annum or part thereof.

Sealed Boxes:    Rs.500/- p.a. per box measuring not more than 200 cubic inches; proportionately higher charges for bigger boxes.

Bank’s own Deposit Receipt : No charges

2.

Service Charges for handling scrip

Rs. 30/- per block of 10 pieces of scrip or part thereof, subject to a minimum of Rs. 30/- per account.

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

Rs.50/- per instrument / occasion.
In Baroda advantage current account free once in three months and free of charges in case of Baroda Premium Current Account (BPCA) and Baroda Premium Current Account Privilege (BPCAP)}

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. 50/- per item.     
Above 12 months  Rs.200/- per item
12.

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

Free

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

Rs. 100/- per photo / occasion

15.

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

a.     For Savings Bank Accounts [will come in the right hand side in the table]

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: [will come in the right hand side in the table]

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 notes  charges will be levied @ Rs.10/- per packet or a part thereof. ( Min. Rs.10/- , Maxi. Rs.10000/- plus Service tax at applicable rate.”

There is no change in Inter-sol cash deposit charges mentioned at section 13.

 

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8) ADVANCES

Sr. No.

Area of Banking Service

Service Charges
(Floor Rates)
Exclusive of Service Tax
1. a Processing Charges
Amount/ Slab Fund Base WC Non Fund Base WC DL.TL/DPG
Up to Rs 25000/-             NIL             NIL             NIL
  Rs 25000 and above Rs 350 per Lac or Part thereof. Maximum Rs 15/- Lacs. (For Exporters* Rs. 5/- Lacs ) 50% of the charges applicable to Fund Based Limits Subject to Max Rs 7.50 Lac (For Exporters* Rs. 2.5/- Lacs) @1% of the Limit Sanctioned with a Maximum of Rs  100/- Lacs. (For Exporters* Rs. 50/- Lacs)
Overall cap FB+NFB (WC) Rs 15.00 Lacs (For Exporters* Rs. 5/- Lacs )    

(*For major exporters who have export sales in excess of 60% of total sales).

  1. Nil processing charges, for Loans up to Rs. 2/- Lacs under priority sector.
  2. Where interchangeability is allowed between FB & NFB limit of > 1 crore Charges to be recovered as per FB WC Limit).
  3.    All other provisions as given in the existing service charges Under Section: Advances & Guarantees, Sl.No 1.d onwards related to Processing charges are not changed.
  4. No processing charges for Agriculture advance upto Rs10/- lacs.
1. b Review Charges for FB/NFB WC & TL/DL/DPG

WC & NFB - Normal charges

Demand Loan / Term Loan / DPG :  No review charges for DL/TL (for DL/TL the unified charges are to be charged one time only)

1.c

Non Fund Based

Processing Charges for Non-Fund based business (other than DPG and DALC) :
50% of our charges applicable to fund based business i.e., 0.10% subject to maximum Rs.500000/

Note Total processing charges on FB working capital and  NFB should not exceed Rs.500000/

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

As in item 1 (a)   

1. d 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

  1. If limits are sanctioned and availed balance 50% to be recovered on availment.
  2. If sanctioned but not availed the recovered charges are not refundable.
  3. If not sanctioned the recovered charges are refundable.
  4. Lead Bank Charges -- 0.20% p.a. on entire assessed FB & NFB WC limit in consortium accounts (Min. Rs.1,50,000/-, Max. Rs.25 lacs)

(Where lead bank fee is charged, no separate charges are to be recovered as per item 1(a) above)

  1. No processing charges for Agri. Adv. upto Rs.10 lacs –
  2.  No charges for BP / BD under LC (under regular / adhoc limits)
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. e a) Processing charges for giving agreement in principal in respect of advances account

Upto Rs.5 Crore            – Nil

Above Rs.5 Crore to Rs.10 Crore – Rs.25,000/-

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

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

 

b) Commitment Charges -

Commitment charges are 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 upto 60% 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 (unutilized portion is the difference between the limit or declared utilization as per QIS statement LESS the actual average utilization)

In case of Line of Credit, the average utilization of non-fund facility can also be counted as utilization for arriving the overall under utilization.

1.f Front- end fee
(i.e UP FRONT FEE)
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 “Stand by Credit Assistance” is to be levied upfront.
 

GUARANTEES

2.a

Commission on inland guarantees.

 

 

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 the month to be treated as a complete month)

In respect of guarantee commission where 100% cash margin (including FDR) is provided the concessional charges are at only 25% of the applicable charges, as hitherto.

Commission on Inland guarantees guaranteed by other banks  / Letter of comfort

Normal charges as above.

2.b Refund for guarantees tendered for cancellation before the expiry date. 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)

2.c

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.

EXTENSION OF GUARANTEE -- At the above rates as in 2.a above calculated for the extended period (inclusive of claim period).

2.d Remittances made by the Bank under Guarantee, co-acceptance or similar obligations. NIL
2.e Guarantee commission at above rates should also be recovered from staff members. Guarantee commission & processing charges at above rates should also be recovered from staff members. However, no commission from the staff  members to be recovered when guarantee is issued for education of his/her dependant children

3.

Documentation Charges

(Fund based only)

 ( charges are unified in 1(a) above)

Other Conditions :
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, Loans against NSC, KVP, Govt. Securities and loan to staff memebers

For issuance of No Objection Certificate or C.P.-- Rs.10,000/- per occasion (no levy where Bank recovers issuing & paying agent charges as IPA).
4. Charges for carrying out inspection of securities charged to the Bank. ( for other than Retail Loans)

Accounts with limits

Upto 5,00,000/-   

Nil

> 5,00,000 – 1 cr

Rs.1,000 

> 1 cr  

Rs.5,000


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.5/- 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.

No Inspection charges for Agricultural Adv up to Rs.10 lacs.
No Inspection charges for crop loan.

5.

Bills purchased/ Discounted or advances there against –

Exchange / Commission

a) On instruments drawn on our Branches / other Banks where we have branches :      

Exchange @35paise% plus  Collection charges 

b) For instruments drawn on other Banks     where we do not have branches

Exchange @77 Paisa %                         Plus collection charges 

Note: The above covers interest for 10 days for (a) & 14 days for (b).

For cheques/ bills
  1. 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.

  2. 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:

  5.  Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.

  6.  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.

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

  8. Change of original instruction in respect of Bills Purchase d/discounted - Rs.. 50/- per request
6.1. 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)

Minimum Rs.5,000/-

6.2

Commitment Charges: As Above
6.3 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.10,000/-)

6.4 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.

Notes:

  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.

6.5

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 there of)

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
  1. At the time of negotiation / collection – NIL
  2. Each subsequent occasion – Rs..50  per invoice

7) Guarantees due to discrepancies in documents

For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC

  1. If payment is credited to beneficiary’s a/c. – 0.25% min. 500 
  2. If not parted with – Rs..500

7.

Providing Credit opinion (including opinion & introduction)

Rs.250 

$ 50 in respect of foreign banks

8. New Credit related Areas Allowing interchangeability within fund based limits, within non-fund based facilities and between fund based and non fund based limits. To be charged on adhoc / temp. interchangeability: 0.25%   Min. Rs.500  and Max. Rs.10000
9. Issuing of NOC of all types  
9.1

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.)

A/cs. With limit      –  Rs..500 
Above Rs..25 lacs –  Rs..5,000

9.2 Revision of Repayment
schedule in respect of TL /DL

A/cs. With limit

Upto Rs.10 lacs

Rs.250 

Above Rs.10 lacs  upto Rs..1 cr.

Rs..2,000 

Above Rs.1 cr.

Rs..5,000


No Charges for repayment reschedulement for Agricultural advances.

9.3 Other Modifications in terms
& conditions of sanction
Accounts with limit
Upto Rs..1 cr   -– Rs.1,000 , for each modification
Above Rs.1 cr. –- Rs 5,000 , for each modification
9.4 Fee for opening / operating
Escrow / TRA A/Cs. (Trust &
Retention A/c.)

Our share in limits:

Upto Rs. 5 cr.

Rs.1,00,000

> Rs. 5 cr and upto Rs.10 cr.

Rs. 2,00,000

> Rs.10 Cr.

Rs..5,00,000

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

9.5 Charges for TEV study and Vetting of TEV Report

TEV Study ( strictly for Bank’s internal use)
Project cost:

Upto Rs.15 cr. –

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

> Rs..15 cr and upto Rs..300 cr -- 0.05% of project cost (Min. Rs.. 2 lac)

> Rs.300 cr (where TEV study is done by PFD) – Fee to be decided on a case to case basis

9.6 TEV STUDY (TO BE SHARED WITH THE CUSTOMER):

Project Cost:

Upto Rs..15 cr. – 

TEV study by Bank --- Rs.3 lac

By consultant          -– Consultant fee + Rs.25000 

> Rs..15 cr. and upto Rs..300 Cr. – 0.15% of project cost + ST 
Min. Rs.3 lac   Max. Rs..30 lac +ST

> Rs.300 cr – TEV study by PFD – Case to case basis

(Consultant fee ceiling to be fixed by the authority, who approves empanelment of consultants)
9.7 Vetting of TEV Reports: Where project cost > Rs.300 cr. - Rs.50,000
9.8

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.

Unified Processing charges: (comprising of Documentation Charges, Document Verification Charges applicable for advance of Rs.10 lacs & above and Post Sanction Inspection Charges) & Service Tax as applicable from time to time shall be additionally recovered. Present rate of service tax is 10.30 %.

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9) DEMAT CHARGES
Sr. No. Type of service

SERVICE CHARGES
(FLOOR RATES)
Exclusive of Service Tax

Both for NSDL & CDSL DPs.

1. Account opening

NIL

2.

Account Closing

NIL
3.

Custody charges

NIL

4.

Annual Maintenance charges

For New Account   

First Year Free
From Second Year –  Rs.250/- per annum.

For Existing Accounts

Rs.250/- from next financial year (w.e.f. April 2011 to March 2012 and so on)

For Non-Individuals 

Rs.550/- p.a.

5.

Recovery of AMC

    1. AMC will be recovered up front on monthly prorata basis in new accounts and thereafter on 1st April every year
    2. 10% rebate will be given in AMC if customer is paying 3 years AMC in advance To be continued

6.

Transaction charges (Sell)

Equity instruments)
Sales -(Market & Off Market)

All types of debit transactions including market and off market 0.03% of market value with minimum of Rs.20/- per transaction.
Debt Instruments  and Commercial Papers )
Sales -(Market & Off Market

For treasury branch Rs.500/- flat per transaction to be made applicable to all branches, handling such business.

For other clients 0.03% of market value subject to minimum Rs.20/- per transaction.

7a.

Demat charges

Rs.3.00 per certificate with minimum of Rs.34/- plus actual postage plus S. T.

7b.

Demat/Remat Return handling charges. *

Rs.30/- per Return *

(* Share returned un de-mated / un re-mated to branch for any technical reason (not at Bank’s fault) requiring to be resent to Registrar & Transfer Agent / Customer.

8.

Remat / Repurchase

Rs.30/- per ISIN + Actual Postage / Courier Charges.

9.

Pledge Creation/ / Confirmation/ Invocation

Rs.100/- flat per ISIN per request.(including request for invocation of Pledge)

10.

Additional account statement

Rs.20/- per occasion

11

Signature Verification or any Other certificate issued per ISIN

Rs.50/- per Signature / Certificate.

12.

Account Freezing / De-freezing

Rs.50/- per request

13.

Other Charges

Stationery Charges 

(A) A/c Opening Form –    Nil 
(Stamp paper charges to be recovered on actual  basis ) 

(B) One DIS booklet of 10 leaves will be provided free of cost at the time of account opening and thereafter subsequent DIS will be issued @ Rs.20/- per booklet of 10 pages.

(C)   Change of address / ECS  
        - Rs.26/-.
        Rs.30/- (No charges for BOB Bank details / ECS         updation)

14.

Transfer of securities from one D.P. to another D.P.  consequent to account closure. Consequent to closure of account, No charges to be levied, when Beneficiary Owner (BO) transfers all the securities lying in his account to another Branch of the same DP or to another DP of the same depository or another depository, provided the BO Account/s at transferee DP and at transfer or DP are one and the same i.e. identical in all respects

15.

Other terms and conditions:

 

 

Refund of AMC on closure of Demat Account will be on quarterly basis as per NSDL & CSDL opening guidelines. Reference SEBI Circular No.CIR:MIRD:DP:20:2010 dated 1st July 2010 (e.g. if account is closed in the month of July, refund of AMC will be applicable for remaining two quarters of the financial year.
The services not listed above will be charged separately.
- All the above charges are applicable uniformly to individuals, non-individuals, CDSL and NSDL    except that AMC are different for Individuals and Non Individuals.
- Cost of non-judicial stamp paper is to be borne by the client.
- Any service not listed above will be charged extra.
-The charges are subject to revision from time to time

    

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10) CARDS
Sr. No. ATM Debit cards /International
Debit card

Charges

1.

Annual Fee

First Year Free and then @100 p.a. ( except Basic Saving Bank Deposit Account and No Frill Account)

2.

Additional Cards

First Year Free and then @100 p.a. ( except Basic Saving Bank Deposit Account and No Frill Account)

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

7a.

NFS Member Bank’s ATM Cash Withdrawal Balance Enquiry

       Free

7b.

PIN Change/Mini statement on other bank’s ATM

Rs.10/- each for each such value added services

8.

Other VISA Member Bank’s ATMs (Abroad)
Cash withdrawal Balance enquiry

Rs.200/- per withdrawal
Rs.75/- per Enquiry

Other VISA Member Bank’s ATMs (In India)
Cash withdrawal Balance enquiry

Rs.10/- each for Non-cash transactions

9.

Cash withdrawal through other bank’s ATM w.e.f.15.10.09

 For Savings bank customer maximum 5 transactions per month free of cost, thereafter nominal charge of Rs.20/- will be levied for each transaction

Current account customers Rs.20/- per transaction

10.

Charge –slip retrieval charges

Rs.400/- per replacement

11

Account overdrawn charges

Rs.100/- per occasion

12.

Surcharges at railway and Petrol Pumps

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

Exclusive of Service Tax

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11)   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 Rs.10/- min

b) Registered Post – Actual, subject to Rs..50/- min

c) Telegram/ Long Distance (STD) Phone & Fax – Actual/-  Min Rs.50/-.

b) Courier Charges Actual charges subject to a minimum of Rs.50/- 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 ST

3.

Definition of Floor rates

Floor rates shall mean rates of service charges fixed by our bank as detailed in this Hand Book

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12) SERVICES RENDERED FREE OF CHARGE

Sr. No.

Area of Banking Service

Services Rendered Free of Charge

1.

Defence Personnel

"Only the following concessions in service charges be extended to Defense Personnel, Paramilitary Personnel, Ex-Servicemen and Central Industrial Security Force (CISF) personnel"

  1. At par remittance of salary / terminal dues.
  2. At par remittance to family up to Rs.10,000/- per month and one-time remittance for payment of school / college fees in a year.  Out of pocket expenses to be recovered.
  3. At par custody of WILLS.
  4. Normal concessions as applicable to other customers in respect of collection of outstation cheques up to Rs. 5,000/- at a time.
2.

Ex-servicemen/ widows of Ex-Servicemen, war widows, disabled service  personnel

Not to levy service charges such as processing, documentation and inspection charges on loans granted to Ex-Servicemen, Widows of Ex-Servicemen, War Widows and disabled service personnel under NEF, SEMFEX-II and SEMFEX-III schemes sponsored by SIDBI, NABARD and KVIC respectively and also on loans sanctioned by the Bank outside these schemes for their self employment purpose.

3.

Donations to PM / CM’s Relief Funds

  1. At par collection of cheques favouring the fund.
  2.  Free remittances favouring these funds.

4.

Pensioners

  1. At par collection of Pensions bills, Pension cheques.
  2.  Free remittance facility by debit to S.B. A/c. maintained by pensioners for personal uses.

5.

Ministry of Health and Family Welfare

(Accredited to our Bank)

  1. At par collection of cheques etc.
  2. Free Remittance facility.

6.

Government Sponsored Schemes 

At par collection of cheques (only cheques issued by Government representing subsidy under Government sponsored Schemes).

7.

Senior Citizens

  1. (Free remittance facility to be allowed by debit to S.B. A/c. maintained by Sr. Citizens for personal uses. 
  2. At par collection of cheques in the name of Sr. Citizens (the a/c holder)

8.

Physically Challenged Persons

Waiver of collection charges for physically challenged persons (who have suffered loss of use of hand/hands & or leg/legs) including blind person for instruments up to Rs.10,000/- at par collection.

9. Issuance of Cheque Book  

 

a.  Savings Bank :

40 leaves will be free in a financial year. Free cheque books will be on pro-rata basis, i.e. 20 cheque leaves for -6- months and/or part thereof.

b. CA/CC/OD/      

First cheque book of 50 leaves are free 

c. Nagrik Bachat Khata(“No-Frill” Account:

On request one cheque book of 10 leaves free in a Year.  
10. Service / Charitable Institutions.

 

a) Temple Devasthanams like Shri Sai Baba Temple, Shirdi, Tirupati Devasthanam, Shri Nathdwara Temple and Shri Jagannath Temple, Puri.

I.   At par collection of cheques favouring such institutions.
II. Remittances favouring such institutions free of exchange.

b) Welfare / Service / Charitable Institutions/ National    Foundation for Communal Harmony)

I. At par collection of cheques favouring such institutions.
II. Remittances favouring such institutions free of exchange.

NOTE

a) The Institutions should be exempt from payment of Income Tax and the branch should have such exemption certificate on its record.

b) In all other charitable institutions, Regional Head is authorized to sanction concessions on merits of each case.  If the concession is applicable to branches pertaining to other zones, H.O. approval is necessary.

11.

Blind/Disabled/ Physically Handicapped Persons and Institutions set up for their benefit

I.  At par collection of cheques.
II. Free Remittances.

Conditions :

a) Institutions should be exempt from payment of Income Tax.
b) Free Remittances to be allowed only against debit to account and Not Against Cash.
c) In all cases, the Branch Manager should satisfy with the eligibility

12.

Teachers Employed in Government Run Schools / Central Schools

I.  Free discounting of salary bills / cheques up to Rs. 7,500/-.
II. At par collection of salary bills.

13.

Proceeds invested in Time Deposit including NRIs

a) At par remittance of maturity proceeds of Time Deposits as well as periodical interest to another branch.

b)  At par collection of cheques issued as per court orders for investment in Time Deposits.

14.

Co-operative Banks, Land Development Banks, Service Co-operatives, District Rural Development Agencies etc.

  1. At par collection of cheques deposited by DRDA, FCS (sponsored by our Bank) and PACs (Banking with us).
  2. Issue of DDs to Co-operative Banks for their customers at concessional rates.  (Undertaking must be obtained from the Head Office of Co-operative Bank that they will charge full rates to their customers).

    NOTE: Facility to be extended to such banks with which we have agency arrangements.

Concessions in service charges up to 50% of normal rates to      Co-operative Banks which maintain accounts with us.

15.

Banks under Agency Arrangements.

Existing Agency Arrangements at lower rates may be continued. (Customer should be charged full rates)

16.

NRI Customers
 

At par collection of rupee drafts issued by exchange companies and correspondent Banks.

i) Rupee drafts should have been issued by exchange companies and correspondent Banks or Foreign Offices of any Indian / Foreign Bank or Exchange Companies maintaining accounts with our Bank or any other Bank in India.

ii) Drafts should be payable through rupee accounts maintained at branches in India nominated by the Banks.

17.

Regional Rural Banks
(sponsored by our Bank)

1. Collection charges on a 50:50 basis for:

  1. Cheques drawn on Public Sector Banks and tendered to us for collection by RRBs and on instrument tendered by Public Sector Banks to RRBs for collection.
  2. Free Remittance facility for transfer of funds to RRBs for remitting refinance installments to NABARD.
  3. Free remittance facility for transfer of funds between the Head Office and Branches of RRBs and also between Regional Offices of RRBs and Branches of RRBs.(whether sponsored by our Bank or by other banks)

2. No exchange should be charged on DDs purchased by RRBs on behalf of their customers (only those RRBs which are sponsored by our Bank), provided RRBs levy full charges from their customers at rates not below our specified rates.

18.

Draft in favour of BOB Mutual Funds

Free, irrespective of any amount

 

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13) 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 Handling Charges at outstation branches

Local Non-base branches

Free of charge in respect of any amount / any number of cash deposit per day per account. *

*Instead of Inter-SOL CBS charges, the local non-base branch will levy cash handling charge as applicable to base branch at the rate mentioned in Point No.15 of Section –V

Out-station Non-base branches

Cash deposit Rs.25000/- per day per account is free of charges, thereafter in excess of Rs.25000/-, service charges will be @ Rs.2/- per thousand or part thereof.

For Baroda Premium Current Account:

Cash deposit Rs.50000/- per day per account is free of charges, thereafter in excess of Rs.50000/-, service charges will be @ Rs.2/- per thousand or part thereof.

For Baroda Premium Current A/C- Privilege:

Cash deposit Rs.100000/- per day per account is free of charges, thereafter in excess of Rs.100000/-, service charges will be @ Rs.2/- per thousand or part thereof.

Note:

In order to avoid duplication, this Inter-SOL charge should not be clubbed with the Cash handling charges which is being recovered at present for deposit of cash at base branch & local Non-base CBS branches beyond certain amount per day. Only Cash handling charges will be levied at base branch & Local Non-base CBS branches.

  (B) CASH WITHDRAWAL (Inter-SOL)

(B) CASH WITHDRAWAL (Inter-SOL)

Local Non-base branches

Free of charge in respect of any amount / any number of cash withdrawals per day per account.

Out-station Non-base branches 

Cash withdrawal up to Rs.25,000/- per day per account is free of charges, thereafter in excess of Rs.25,000/-, service charges will be levied @ Rs.2/- per thousand or part thereof.

For Baroda Premium Current Account:

First Two Cash withdrawal of any amount per account per calendar month is free of charges, thereafter each cash withdrawal per day per account in that calendar month in excess of Rs.25000/-, service charges will be @ Rs.2/- per thousand or part thereof.

For Baroda Premium Current A/C- Privilege:

First Three Cash withdrawal of any amount per account per calendar month is free of charges, thereafter each cash withdrawal per day per account in that calendar month in excess of Rs.25000/-, service charges will be @ Rs.2/- per thousand or part thereof.

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 at Non Base CBS branches irrespective of nature of accounts.

 

 (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.

 

 

 

 


Up to Rs.1 Lac- Free per day

Above Rs.1 lac to Rs.5 lacs – Rs.25 per txn

Above Rs.5 lacs – Rs.50/- per txn
(to continue to recover from drawer of the cheque)

For Baroda Premium Current A/C & Current A/C- Privilege:
Free of charge - Any amount.

For Super Savings Bank A/C, Shubh Savings A/C & For Centenary Savings Bank A/C:

Free of charge -Any amount.

For the current account holders maintaining quarterly average balance of Rs.75,000/- for the last two completed quarters

Free of charge - Any amount.

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

  NIL

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

( As shown below at (E) )

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 @ 25%  of above charges subject to following conditions:

(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.

(ii) Advances/Borrowal A/Cs: From one account to any other account of same organization. When debit balances are transferred, interest for the transit period should be recovered.

 

(D) COLLECTION OF CHEQUES   (Inter-SOL)

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

(D) COLLECTION OF CHEQUES (Inter-SOL)


Free of charge.

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

Mandated by RBI

Up to Rs.1 Lac- Free per day

Above Rs.1 lac to Rs.5 lacs –Rs.25 per txn

Above Rs.5 lacs – Rs.50/- per txn
(to continue to recover from payee of the cheque)

For Baroda Premium Current A/C & Current A/C- Privilege: Free of charge - Any amount.

For Super Savings Bank A/C, Shubh Savings A/C & For Centenary Savings Bank A/C: Free of charge -Any amount.

For the current account holders maintaining quarterly average balance of Rs.75,000/- for the last two completed quarters: Free of charge - Any amount.
  (E) Service charges for Cheque collection under Speed Clearing (by collecting banks from customers) - w.e.f. 02.04.2012  

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

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