Bank of Baroda



Service Charges & Fees
 

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Baroda Cash Management Services
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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.08.05.2017 (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. 08.05.2017- excluding service tax
1. Ledger folio charges Applicable to CA ( including RRBs), & CC, OD (excluding loan against banks own deposits & Fast Access)

Current Accounts

Rs. 125/- per 25 entries.

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

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

NOTE:

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

Ledger folio charges to be recovered on quarterly basis.

Transaction Charges

Savings Bank Accounts

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

Following transactions are excluded.

  • Standing Instructions
  • Transactions through ADC incl.ECS
  • Auto sweep, system generated (service charge, interest etc.)
  • Transaction charges to be recovered on half yearly basis at the time of half-yearly closing.

    2.

    a) Charges for issue   of Duplicate Statement / Pass Book

    Individual:

    First Pass Book free

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

    Non- Individual-

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

    Note:

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

    b) Issue of letter of
    acknowledgement/duplicate TDR in case of loss of TDR
    For Acknowledgement Rs. 50/-
    For Duplicate TDR Rs.150/-
    3.

    Cheque Book Issuance Charges

    Savings Bank:

    Cheque book of 15 leaves is supplied by RBO.

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

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


    CA/CC/OD/Fast Access:

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

    Note:

    1st Cheque book means cheque book of 50 leaves.

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

    4. Opening & minimum balances

    Current Accounts

    Individual / Non Individual

    Rural / Semi-Urban Rs.2,000/-*
    Urban / Metro Rs.10,000/- *

    * Quarterly Average Balance


    Savings Bank Accounts

    Rural / Semi-Urban

    Opening of Account –Min. Rs 500/-

    Maintenance of minimum balance

    Quarterly Average Balance—Rs 500/-*

    Urban / Metro

    Opening of Account –Min. Rs 1000/-

    Maintenance of minimum balance

    Quarterly Average Balance-– Rs 1000/-*


    Addition:

    Baroda Basic Savings Bank account

    Zero balance


    Baroda Pensioners Savings Bank account

    Nil

    5. Charges for not maintaining minimum balance w.e.f. 18.07.2015 Current Account

    Urban/Metro

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

    Rural/Semi Urban

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


    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%


    Savings Bank - No frills A/c

    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 (Inward and Outward Return)

     

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

    upto 1 lac - Rs. 125/-

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

    Above Rs. 1 crore - Rs. 500/-

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

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

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

    For Rs. 1 crore and above 750 per instrument

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

    For other reasons – Rs. 250/-

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


    NOTE:

    1. For transfer cheques received at the branch, charges to be recovered from the drawer of the cheque.
    2. No charges to be recovered in case of return of cheques drawn by our customers on account of stop payment instructions.
    3. Charges for entries (Dr.) received through ECS and not responded:- As per cheque return charges

    12.

    Incidental charges for inoperative accounts

    A) Inoperative Savings Bank a/cs.

    i) Account maintaining stipulated minimum balance - Nil
    ii) No penal charges on inoperative Savings accounts where stipulated minimum balance is not maintained -


    B) For inoperative Current Account -

    Nil charges for inoperative current account

    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).

    Current Account

    Individual : Rs.250/-

    Others : Rs.500/-

    RD/ YSJY A/c

    Individual : Rs.100/-

    Others : Rs.250/-

    Closure of Account (all types 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.

    Rs.1000/- per certificate
    17.

    Opening accounts with restrictive operations

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

    Rs. 500/-

    Savings Bank Account

    Rs. 100/-

    18.

    Allowing operations in an a/c through

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

    a) Power of Attorney

    b) Mandate

    Savings Bank Accounts - Rs. 500/-

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

    19.

    Change  of authorized signatory including reconstitution of A/c.

    Current, Cash Credit, Over Draft Account Rs. 250/- per change
    20.

    Post parcel for Collection

    Our usual collection charges plus storage charges @ Rs. 50/- per day with a minimum of Rs. 250/-
    21.

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

    Rs.100 upto 6 months old record Rest - Rs. 250
    Exclusive of Service Tax

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    3) COLLECTION

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

    CHARGES MANDATED BY RBI w.e.f. 30.03.2012

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

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

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

    Rs. 1 Lac to Rs. 5 Lac – Rs. 200/-

    Rs. 5 Lac to Rs. 10 Lac – Rs. 225/-

    Above Rs. 10 Lac – Rs. 250/-

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

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

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

    2. Cheques collected through our branch for another bank

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

    Outstation Cheque return charges

    50% of collection charges

    Collection of other Banks deposits / receipts on maturity

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

    3.

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

    a) Applicable  to   IBCs

    Bills for Amount :

    Upto Rs.1,00,000/- -

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

    Above Rs. 1 lacupto Rs.10/-Lacs

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

    Above Rs.10/- Lacs

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

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

     

    b) Applicable  to   OBCs

    Bills for Amount :

    Upto Rs.1,00,000/-

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

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

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

    Above Rs. 10/-lacs

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

    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

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    4) REMITTANCES

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

    Issuance of  DD/BC

    Individual:

     

    Up-to Rs.5000/-   

    - Rs.50/-

    Above Rs. 5000/- to Rs.1 lac  

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

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

    Upto Rs.5,000/-

    -Rs.50/- 

    Above Rs.5000/-to Rs.1 lac

    Rs.3/- per thousand or part thereof.

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

    Above Rs. 1 lac-

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

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

    Individual & Non Individual:

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

    In case of lost instrument,

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

    DUPLICATE DD

    Individual & Non Individual:

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

    3.

    Against tender of cash for any mode of remittance

    50% plus ST higher charges over floor rates

    5.

    Remittance of fund through RTGS ( through Cheque )

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

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

    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/-

    6.

    Remittance of fund through NEFT through cheque/cash -

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

    Up to  Rs.1 lac

    Nil

    Above Rs.1 lacs to Rs.2 lacs

    Rs.15/- per transaction

    Above Rs.2 lacs

    Rs.25/- per transaction

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

    7.

    Payment of Fixed deposit to other bank

    Remittance charges as applicable plus out of pocket expenses

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    5) MISCELLANEOUS SERVICES

    Sr. No.

    Area of Banking Service

    Revised Service charges w.e.f
    08.05.2017

    1.

    Safe Custody Charges

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

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

    Bank’s own Deposit Receipt :     No charges

    2.

    Service Charges for handling scrip

    As per discretion of Regional Manager

    3.

    Attestation of customer’s signature

    Rs. 100/- per instrument / occasion.

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

    4.

    Inquiries relating to old records.

    Up to 3 months – free

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

    Above 12 months : Rs. 300/- per item

    5.

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

    Free under CTS.

    6.

    Photo attestation

    Rs. 200/- per photo / occasion

    7.

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

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

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

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

    Cash Deposit Upto Rs.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.”

     

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    6) LOCKER SERVICE CHARGES

    Revised w.e.f. 08.05.2017
    Revised service charges excluding 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

    Manual
    (Br. To invoke menu option “LKRCM”)

    Revised NOTES :

    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.

     

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    7) INTERSOL CHARGES

    Sr. No.

    Area of Banking Servce

    Revised service charges excluding service tax
    w.e.f. 08.05.2017

    1. CBS Operations –Inter-SOL charges.
    (A)CASH DEPOSIT (Inter-SOL)

    A) CASH DEPOSIT (Outstation)

    Local Non-base branches

    Cash handling charge as applicable to base branch.

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

    For SB Accounts - Rs.50 per transactions.

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

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

      (B) CASH WITHDRAWAL (Inter-SOL)

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

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


    Note:

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

    2. Per transaction limit of Rs. 50000 /- is fixed for cash withdrawal by drawer by self cheque (through withdrawal up to Rs. 25000/- - SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with Withdrawals.

     

     (C) FUND TRANSFER (Inter-SOL)

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

    C)FUND TRANSFER (Inter-SOL)

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

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

     

     

     

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

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

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

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

    NIL

    Mandated by RBI under Speed Clearing charges.

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

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

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

                    No charges
     

    (D) COLLECTION OF CHEQUES   (Inter-SOL)

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

    Free of charge.

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

    Free of charge.

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

    RBI mandated charges w.e.f. 30.03.2012

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

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

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

    Above Rs. 10 lac – Rs. 225/-

    Incorporated in waiver of service charges

    Exclusive of Service Tax

    TOP

     


    8)   GENERAL

    Sr. No.

    AREA OF BANKING SERVICE

    Revised service charges excluding service tax
    w.e.f. 08.05.2017

    1.

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

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

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

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

    b) Courier Charges

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

    2.

    Higher Service charges for non customers of the Bank.

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

    3.

    Definition of Floor rates

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

    TO TOP


    9)   FOREX related Charges
      A.Export  
    1

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

    Rs. 1200/- for above USD 25000/-
    Rs. 600/- for below USD 25000/-

    b) Rupee Export Bill

    Rs. 1200/- for above USD 25000/-
    Rs. 600/- for below USD 25000/-

    2

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

    Rs. 1000/- Flat Rate

    3

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

    Rs 500/- (for each claim)

    4

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

    0.10% with min. of Rs 500 for each transaction

    5

    In case of overdue export bills purchased/discounted/negotiated where proceeds are not received in Nostro a/c on or before the due date (Including deferred exports).

    NA

    A2. Bills sent on collection basis

    6

    For each export bill in Foreign Currency sent for collection.

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

    7

    For each export bill in Rupee sent for collection.

    NA

    8

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

    a) Where full advance remittance has been received through our bank
    - Rs 200/- per Bill.
    (b) Where full advance remittance received through other bank – Rs 500/- Per Bill. (c) If advance remittance is not received and bill amount is to be collected ?
    - AS PER POINT 1

    9

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

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

    10

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

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

    11

    Bank Realisation Certificate Charges(e-BRC)

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

    A3. Export Letter of Credit

    12

    Advising letter of credit

    Rs 1000/- for each LC

    13

    Advising amendment

    Rs 600/- for each amendment

    14

    LC Confirmation charges

    charges (Commitment+ Usance)

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

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

    Minimum Rs 1000/-

    15

    Transfer of letter of credit

    Rs 1000/- for each transfer and
    subsequent amendment

    16

    Acceptance commission for accepting usance drafts to be drawn on or accepted by banks in India.

    NA

    B.Import

    17

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

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

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

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

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

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

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

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

    18

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

    25% of the charges AS MENTIONED ABOVE

    B2 Amendment to letter of Credit (LC)

    19

    Extension of validity of L/C

    Rs 750/- per amendment plus
    charges applicable as per point B1 (Import)

    20

    In case of enhancement of value of credit.

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

    21

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

    Rs 500 amendment charges.
    In the case of amendment altering the tenor of the Bill of Exchange, additional charges as per point B1 shall be collected on the outstanding liability under the LC.

    22

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

    Rs. 500/- per amendment.

    23

    For revival of expired L/Cs within 3 months
    from date of expiry.

    Any revival or reinstatement of an expired LC shall be at the
    option of the bank but within 3 months from the date of expiry and shall be subject to recovery of charges as per
    point B1 from the date of expiry upto the validity period of the revived Letter of Credit.

    B3 Commission on Import Bills

    24

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

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

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

    25

    In case of rupee import bills drawn under letter of credit.

    26

    If bills are not retired within 10 days from the date of receipt of bills in case of demand bills and on the due date in case of usance bills.

    27

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

    0.1% (minimum Rs 500/-)

    28

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

    USD 50 or its equivalent rupee

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

    29

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

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

    For individual transaction over
    Rs. 1 crore rates applicable as per B1

    30

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

    0.15% with a minimum of Rs 500/- and Maximum of Rs 25,000/-
    For individual transaction over
    Rs 1 crore rates applicable as per point B1.

    31

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

    Rs 500 per bill as handling charges.

    32

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

    50% of charges in point B4 b

    33

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

    0.20% with a minimum of
    Rs.500

    34

    Release order pending receipt of shipping documents (Imports) for Air consignments.

    35

    Countersigning/co-acceptance/availisation of import bills

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

    36

    Obtaining opinion report for Importer/Exporter Providing opinion report to foreign Banks on our customers

    37

    Custody charge 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.

    C. Merchanting Trade

    38

    Merchanting Trade

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

    D. Miscellaneous Charges a) Inward Remittance

    39

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

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

    40

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

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

    41

    Inward remittances credited to EEFC accounts.

    b. Clean Payments

    42

    Commission on clean Instruments sent for
    collection abroad

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

    43

    Foreign Currency-Notes

    44

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

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

    1. Outward Remittance

    45

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

    An amount of Rs 100 upto
    Rs10,000/- and Rs 200 above
    Rs 10,000/-

    46

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

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

    1. Forward Contract

    47

    Charges for Booking of forward contracts.

    Rs. 400/- per sale or purchase
    contract.

    48

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

    Rs 400/- per sale or purchase
    contract.

    1. swift charges

    49

    swift charges

    Rs 500/- per message

    E.Guarantees:

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

    50

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

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

    51

    In all other cases

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

    52

    b) Export performance guarantees which include
    (i) Bid bonds
    (ii) Bonds for earnest money
    (iii) Guarantees for advance payment made by foreign buyers to Indian
    exporters/contractors

    NA

    53

    Guarantees covered by ECGC counter
    guarantee
    - Where the cover is to the extent of 75%

    NA

    54

    Guarantees covered by ECGC counter
    guarantee
    - Where the cover is to the extent of 90%

    NA

    55

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

    Min. 25% of normal rates as mentioned in point 50

    56

    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.

    57

    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.

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    10)Mortgages & Retail Asset

    Sr. No.

    Particulars

    Revised Service Charges Excluding service tax w.e.f. 08.05.2017

    1

    Home loan and Home improvement

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

    2

    Car loan

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

    3

    Two wheeler loan

    Two Wheelers: 2% of Loan amount,

    Minimum Rs. 1000/-

    4

    Education Loan

    Baroda Education Loan (Baroda Vidya, Baroda Gyan, Baroda Scholar):
    Study in India - Nil
    Study Abroad - 1.00% of Loan amount (maximum Rs.10,000/-) will be recovered upfront which will be refundable on availment (first disbursement) of loan.
    Baroda Education Loan for students of Premier Institutions (studies in India):
    Upto Rs. 10 Lacs : Nil
    Above Rs. 10 Lacs : Nil

    5

    Mortgage Loan

    Loan:
    1% of Loan amount with maximum Rs.1,50,000/-
    Minimum: Rs.7,500/- (upfront)**
    Over Draft:
    Upto Rs.3.00 Crores: 0.35% of limit with maximum: Rs.75,000/-
    Above Rs.3.00 Crores: 0.25% of the limit without any maximum.
    Minimum: Rs.7,500/- (upfront)**

    6

    Personal loan

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

    Maximum: Rs.10,000/-

    7

    Pensioner loan

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

    Others : Rs.1,000/-

    8

    Trader loan

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

    9

    Loan to Doctors

    0.35% Maximum Rs.15000/-

    10

    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.


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    11)Debit Card Related Charges

    Sr. No.

    Particulars

    Service Charges ( excluding Service Tax )

    1

    ECS failure

    Rs. 100/- per occasion

    2

    ECS Mandate verification

    Rs. 100/- per occasion.

    3

    Debit card Charges

    Free for first year and then @ Rs. 100/- p.a.

    ATM Transactions at other bank ATM (India)

    · Rs. 20/- for every transactions

    Card Replacement charges (in India)

    · Rs. 200/- per replacement.

    Pin Generation

    · Rs. 150/- per regeneration.

    Other Rupay/VISA/MasterCard enabled ATMs (Abroad)

    · Cash Withdrawal Rs. 400/- per withdrawal.

    · Balance enquiry: Rs. 75/- per enquiry.

    Transaction at own ATM

    Free

    4

    SMS alert charges –SB accounts

    Rs.15/- per quarter

    SMS alert charges –Other than SB accounts

    Rs.25/- per quarter


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    12)Agriculture and Advances

    Sr. No.

    Particulars

    Revised Service Charges excluding service tax w.e.f. 08.05.2017

    1.

    Processing charges for Agriculture advances upto Rs.10.00 Lacs

    Nil

    2.

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

    Nil

    3.

    Inspection charges for Agricultural Advances up to Rs.10.00 Lacs

    Nil

    4.

    Inspection charges for crop loan

    Nil


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    13)Demat Charges

    Sr. No.

    Particulars

    Revised Service Charges excluding service tax w.e.f. 08.05.2017

    1

    Statutory Charges at the time of Account Opening

    Nil

    2

    Advance / Deposit

    Nil

    3

    Annual Maintenance Charges.

    General Customer :
    For Individuals
    - First year free (for new accounts)
    - From second year onwards Rs.250/-p.a. plus Service Tax (S.T.)
    For Non-individual - Rs.550/- plus S.T.
    BSDA customers :
    For Individuals
    - First year free (for new accounts)
    - Thereafter no AMC to be levied if the value of holding is up to
    Rs 50,000/- during financial year.
    AMC will be charged at Rs 100/- plus S.T. only for the value of holding from Rs 50,001/- up to Rs 2,00,000/- during financial year.

    4

    Demat

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

    5

    Remat

    NSDL Demat account :
    Rs 10/- plus actual postage for every hundred securities or part
    thereof subject to maximum fee of Rs 5,00,000/- or a flat fee of Rs
    10/- per certificate whichever is higher for NSDL Demat accounts.
    CDSL Demat account :
    Rs.30/- plus S.T. per actual postage per ISIN

    6

    Transaction Charges

    General customers :
    0.03% of market value subject to minimum Rs.20/-+ S.T. per transaction. For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs.20/- plus S.T.per transaction.
    BCML customers : Transaction charges at Rs 15/- plus service tax per debit instruction.

    7

    KYC registering
    Agency Charges
    (KRA charges)

    KRA charges @Rs 40/- plus service tax plus actual postage for new
    KYC data to be uploaded.
    KRA charges @Rs.40/- plus service tax per download will be applied.
    For modifications in KRA of the existing clients KRA charges @Rs 30/- plus service tax plus actual postage

    8

    Pledge Creation

    Rs.100/- + S.T. per ISIN per request

    9

    Pledge Creation confirmation

    Rs.100/- + S.T. per ISIN per request

    10

    Pledge Closure

    Free

    11

    Pledge Closure confirmation

    Free

    12

    Pledge Invocation

    Rs.100/- + S.T. per ISIN per request

    13

    Failed instruction charges

    NIL

    14

    Other Charges

    • Additional A/c statement Rs.20/- plus S.T.per request
    • Sign verification or any other certificate & freeze / unfreeze
    Rs.50/- plus S.T.per request.
    • One DIS booklet of 10 leaves free of cost at the time of a/c
    opening and thereafter subsequent DIS will be issued @Rs. 20/- +S.T. per booklet of 10 leaves for General Customer.
    • Two DIS slips only will be issued at the time of account
    opening to BSDA customer.
    • Change of Address/ECS Rs. 30/- plus S.T. per request.

    15

    Overdue Charges

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

    16

    Transfer of Securities from one DP to another DP consequent to account closure

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

    17

    Other Terms &
    Conditions

    a. Refund of AMC on closure of Demat account will be on quarterly basis( e.g. if account is closed in the month of July,
    refund of AMC will be applicable for remaining two quarters
    i.e. December & March of the financial year.
    b. The service’s not listed above will be charged separately.
    c. All the above charges are applicable uniformly to individuals,
    non-individual except that AMC are different for individuals and Non –Individuals.
    d. The charges are subject to revision from time to time at Bank’s discretion.


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    14)Baroda Cash Management Services

    Sr. No.

    Particulars

    Revised Service Charges excluding service tax w.e.f. 08.05.2017

    1.

    Transfer by RTGS

    Rs. 2.00 lacs to Rs5.00 lacs Rs.25/-
    Above Rs. 5.00 lacs Rs.50/-

    2.

    Transfer by NEFT

    Upto Rs,10,000/- Rs.2.50
    Above Rs.10,000/- and upto Rs.1.00 lac Rs.5/-
    Above Rs.1.00 lac and upto Rs.2.00 lacs Rs.15/-
    Above Rs.2.00 lacs Rs.25/-

    3.

    Internal Fund Transfer
    (collection & payment)

    Upto Rs.10,000/-

    Rs.2.50

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

    Rs.5/-

    Above Rs.1.00 lac and upto Rs.2.00 lacs

    Rs.10/-

    Above ₹2.00 lacs

    Rs.25/-

    4.

    Bulk Issuance & Printing of DD

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

    5.

    DD Payment charges

    Rs. 10/-  per instrument

    6.

    Bulk issuance of DW/IW/RO

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

    7.

    Liquidity Management services (Sweeping/pooling charges)

    Rs. 10/- per  Transaction

    8.

    Validation of Mandate in System for DDI collection

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

    9.

    Validation of account

    Rs. 2/- per  Account

    10.

    Mandate Charges (Customer)

    Rs. 100/- per  Mandate

    11.

    DDI Returned (Unpaid)

    Rs. 250/- per  Transaction


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    15)POS Charges

    Sr. No.

    Particulars

    Revised Service Charges excluding service tax w.e.f. 08.05.2017

    1.

    Enrollment fees

    1) GPRS Fixed/Wireless/ PC POS - Rs. 750/-

    2) PSTN: Rs. 500/-

    2

    Security

    1) GPRS Fixed/Wireless/ PC POS - Rs. 10000/-

    2) PSTN: Rs. 6000/-

    3

    Merchant Discount Rate

    1) Credit Card: Please contact nearest branch
    2) Debit Card: As per regulatory guidelines

    4

    Monthly Rental

    BOBCARDS Services:
    QR Code: Rs.100
    M-POS: Rs.250
    POS: Rs.475

    Third Party Services:
    a) Sole acquiring:
    PSTN: Rs.450
    DGPRS (without battery): Rs.600
    GPRS (without battery): Rs.700
    b) Multi acquiring:
    DGPRS (without battery): Rs.450
    GPRS (without battery): Rs.500


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