Services

Bank's Different Services

Service Charges & Revised Rates
Sr. Details Revised Charges
1 Opening of A/cs of Savings/Current Savings A/c: Min. balance ₹100/- (without cheque-book), ₹500/- (with cheque-book).
Current A/c: Min. balance ₹1,000/-.
Borrowers needing a cheque book must maintain min. ₹1,000/- in current/savings A/c.
Cheque Books charged @ ₹10/- per leaf. Cheque-books should not be misused.
+ 18% GST
2 Saving/Current accounts closure Transfer within our bank: ₹10/-
Other cases: ₹50/- + 18% GST
3 Balance less than minimum required in Saving/Current accounts Savings A/c: ₹10/- per instance
Current A/c: ₹50/- per instance
Charges debited to account. One time failure counted from day of less balance till recoupment. + 18% GST
4 Cheque Dishonour Charges
a) Local cheques – insufficient balance or re-presentation: ₹100/- (individual), ₹200/- (finance companies) + 18% GST
b) Local outward clearing cheques dishonoured: ₹50/- + 18% GST
c) Out-station cheques dishonoured: ₹50/- + ₹2/- per thousand commission + postage. For dishonoured cheques, commission asked by VPL. + 18% GST
5 Stop payment of cheques ₹50/- per cheque + 18% GST
6 Out-station cheques deposited for collection After receipt of proceeds, bank charges fee + postage + commission:

Up to ₹1,000/- → ₹30/- + Postage
₹1,001 to ₹5,000/- → ₹50/- + Postage
₹5,001 to ₹10,000/- → ₹100/- + Postage
₹10,000/- and above → ₹2.50 per thousand + Postage + Paying Bank's commission & postage + 18% GST
7 Demand Draft commission (local and outstation) For HDFC, Axis, ICICI, IDBI Bank DDs:
Up to ₹5,000/- → ₹10/-
Above ₹5,000/- → ₹1/- per thousand
For Nationalized Banks DDs: full commission charged by bank recovered.

Non-account holders (cash): Up to ₹5,000/- → ₹15/-; above ₹5,000/- → ₹2/- per thousand.
Cash DDs/Pay Orders/RTGS/NEFT allowed up to ₹50,000/- (per day, total). Amount rounded to nearest Rupee. + 18% GST
8 Cheque Book charges (Savings, Current and Cash Credit accounts) ₹2.50 per leaf debited to account. No charge at closure but blank leaves must be returned to bank. + 18% GST
9 Loan Application Form ₹50/- per form + 18% GST
10 Membership Application Form and charges for transfer of shares ₹1,030/- (₹1,000/- shares + ₹25/- + ₹5/- GST) for Printing Stationery
Entrance fee: ₹59/- (₹50/- + ₹9/- GST)
Transfer of shares: ₹59/- (₹50/- + ₹9/- GST) per share certificate
11 Lockers Rent and deposit
Type Small Medium Large
Rent per annum ₹500/- ₹1,000/- ₹1,500/-
Fixed Deposit ₹4,000/- ₹8,000/- ₹12,000/-
Interest on Fixed Deposits paid as per usual bank terms. + 18% GST
12 Pass book and statement of A/cs charges Free of charge. If required twice for same period: ₹5/- per page (second time).
Duplicate pass book (on written request): Savings ₹20/-, Current ₹30/- + 18% GST
13 Non-operating charges for Pigmy/Recurring/Savings and Current A/cs ₹50/- per annum (Pigmy/Savings/Recurring); ₹100/- (Current). If balance less than charges, account will be closed by debiting balance. + 18% GST
14 Operating Charges for Current Accounts ₹50/- yearly maintenance + 18% GST
15 Nominal membership fee ('B' Class) ₹50/- only No GST
16 Solvency Certificate Charges ₹25/- or ₹1/- per thousand, not exceeding ₹10,000/- commission + 18% GST
17 Bank Guarantee Charges 3% of bank guarantee amount per annum (deposited in advance) + 18% GST
18 Notice Fee Simple notice: ₹30/-; Regd. A/D notice: ₹100/- minimum (debited to account) + 18% GST
19 No Dues Certificate 'A' Class members: No charge. Others: ₹15/- + 18% GST
20 Demand Draft revalidation (cancellation or date enhancement) ₹10/- + 18% GST
21 Stop payment of Demand Draft or duplicate DD ₹25/- + actual charges of other concerned bank + 18% GST
22 Service Charges for Cash Credit/Term Loan and Overdrafts 1% of loan amount at disbursement; 0.5% at renewal + ₹200/- for printing and stationery (debited to account) + 18% GST
23 Change in nomination of a Member ₹10/- + 18% GST
24 Redemption or dishonoured Hundis/Bills
Redemption: ₹25/- (printing & stationery) + ₹50/- (service charge) + commission + postage as per DD.
Dishonoured: ₹25/- (printing & stationery) + ₹25/- (service charge) + postage + commission @ ₹2/- per thousand (debited to customer's A/c)
+ 18% GST
25 Special DD Commission (DD at Concessional Rate) For customers needing DDs frequently at large amounts: contact Head Office to fix concessional rate. + 18% GST
26 DDs issued against acceptance of cash DDs issued against cash up to ₹50,000/- only (for account holders well-known to the bank). Otherwise not issued; responsibility rests with Branch Manager. PAN Card and KYC documents required. DD/Pay Order/RTGS above ₹50,000/- by transfer only.
27 Loans against Deposits / Gold Ornaments
a) Loans against Deposits (incl. Pigmy): ₹15/- (printing & stationery). No 'B' class membership required. + 18% GST
b) Loans against Gold Ornaments: ₹15/- (printing & stationery) + 18% GST
28 Charges for ECS ₹100/- debited for dishonoured ECS/ACH. If balance becomes '0' after debiting, account closed and informed accordingly in Return Memo. + 18% GST
29 RTGS Charges ₹50/- per transaction + 18% GST
30 Certificate for cancellation of lien/charge on securities ₹25/- + 18% GST
31 New Debit Card ₹100/- + 18% GST
32 New Password for RuPay Debit Card (Repin) ₹100/- + 18% GST
33 Annual Maintenance Charges for RuPay Debit Card ₹100/- + 18% GST
34 ECS Mandate Form updation ₹10/- + 18% GST
35 Credit Rating from Agencies ₹200/- per certificate + 18% GST