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Service Charges & Fees

Service Charges & Fees

 

Service Charges of the Bank have been revised with effect from 01.07.2016 as below:-

 

[1.0] Service Charges To Maintain A Ledger Accounts  

[1.1]Ledger folio charges for Current / CC / OD Accounts

Rs.2/-per Entry/record, minimum Rs.50/-maximum Rs.1000/- (per quarter) over & above free of charge given below. However, if no transaction have been made during the quarter, a minimum of Rs.50/- would be charged

Free ledger folio/free of cost entries

Average credit balance Free entries
Up to Rs.50000/- 50 entries per quarter
Above Rs.50000/- up to Rs.75000/-  
75 entries per quarter
Above Rs.75000/- up to Rs.200000/- 150 entries per quarter
Above Rs.200000/- up to Rs.500000/  250 entries per quarter .
Above Rs.500000/- Unlimited entries, Free of cost above Rs.5 lacs
 

Charges of stop payment instructions:
SB Accounts
All Customers:

Rs.50/- per instrument maximum Rs.400/- per instruction in all branches.

Rs.30/- per instrument and maximum Rs.250/-per instruction in case of pensioners and Senior Citizens.

Current Accounts/CC/OD Accounts

Non- Individuals –

Rs. 200/- per instrument, Maximum Rs. 600/- per instruction

Individuals-

Rs. 100/- per instrument, Maximum Rs. 500/- per instruction.

[1.3] Issuance of Pass Book:

Free. The Pass Book shall be updated free of cost.

[1.4] Issuance of duplicate account statement / passbook:

Rs.100/- with latest Balances Or

  • Rs.1/-per entry/record in Rural/Semi-Urban/Branches, minimum Rs.100/-.
  • Rs.2/-per entry/record in Urban/Metro Branches –
    (MinimumRs.100/- Maximum Rs1000/- for all branches.)

[1.4.1] Minimum Balance in Savings Accounts: -

For all branches other than rural

  • Where Cheque book is not issued - Rs.500/-
  • Where Cheque Book is issued – Rs.1000/-

Rural Branches:- Rs.500/-

  • (irrespective of whether cheque book is issued or not)

[1.4.2] Minimum Balance in Current Accounts: -

Rural Rs.500/-
S-Urban Rs.1000/-
Urban:-  
Personal A/C Rs.1000/-*
Other A/c Rs.5000/-
Metro:-  
Personal A/C Rs.1000/-*
Other A/c Rs.5000/-

*concession allowed for attracting CASA Deposit

 

[1.4.3] Service Charges if Minimum balance not maintained in Savings Bank / Current Accounts:

Saving Bank A/c             Nil
Personal  Current A/c Nil
Other Current A/c Rs. 100/- once during the month for metro/urban branches & Rs. 50/- for other centers
 

[1.5] Charges mentioned above are not chargeable in

  • No Frill A/c
  • Pensioners A/C
  • Senior Citizens A/c
  • Salary A/C of staff & other accounts specified from time to time.
 

[1.6] Inoperative Accounts:

  • All Current Accounts in which there has been no operation for the last two year with the exception of Service Charges / Incidental Charges levied by bank shall be categorized as Inoperative Accounts.
  • All Savings Bank Accounts in which there is no operation for the last two years with the exception of service Charges / incidental Charges levied by bank and Interest entries credited by bank shall be categorized as Inoperative Accounts.

(However debit as well credit transactions induced at the instance of customers as well as third party shall be considered for calculating the period when the account inoperative)

Charges for Inoperative Savings Bank Accounts:- Nil

Charges for Inoperative Current Accounts:- Nil

 

[1.7] Cash Handling Charges for Cash Deposit in Current/ OD/Cash Credit Accounts:-

No charges on cash deposited Up Rs. 1 lac per day.

Thereafter Rs.1/- per thousand or part thereof. [Minimum Rs.100/- Maximum Rs.5000/-]

 

[1.8] Charges for Closure of Savings Accounts / Pre-Mature R.D.Account:

  • Free - if closed within 14 days of first deposit into account.
  • Rs.150/- if closed after 14 days but within 6 months.
  • Free - if closed after 6 months
 

[1.9] Charges for Closure of Current Accounts:

  • Free - if closed within 14 days of first deposit into account.
  • Individual A/c Rs. 400/- & in Other A/c Rs.500/- if closed after 14 days but within 6 months
  • Free - if closed after 6 months
 

[1.10] Standing Instructions:

  • At the time of registration Rs.50/-per transaction
  • At the time of processing standing instructions Rs.35/-+ Remittance charges + Out of pocket expenses

Note:

  • Standing Instructions charges are to be levied only when the third party is involved in the instructions. Where instructions are for transfer of amount from his / her own account to another his / her own accounts within the branch then no standing instruction charges are to be levied. However, if customer gives instructions for payment of Telephone Bills / Electricity Bills / House Rent Payment etc. or any payment to other customer’s A/c then charges should be levied for standing instructions.
  • Standing Instructions, even if not carried out, due to insufficient balance in the account, would also be liable for Service Charges per transaction.
 

[1.11] Cheque Book Charges: -

Savings Banks Account 30 leaves free per year, for extra leaves Rs.3/- per leaf.
Current Account Rs.2.50/- per leaf for individual A/C.
Rs. 3/- per leaf for Non-individual A/C.
 
[2.0] Charges For Remittances / Collection  
 

[2.1] Charges for remittances/ Issuance of DD/MT/TT :-

Upto Rs.10000/- Rs.40/-
Above Rs.10000/- Rs.3.50/- per thousand
or part thereof
Min.Rs.50/- Maximum
of Rs.12500/-
 

Service Charges for students for issuance of DD up to Rs.5000/- in respect of remittance of application fee shall be Rs.20/- only. Above Rs.5000/-normal charges will apply (free for students availing Education loan from our bank)

 

[2.2] Remittance through National Electronic Fund Transfer (NEFT)/ Real Time Gross Settlement (RTGS), (Electronic Fund Transfer):-

Inward RTGS / NEFT / Remittance: -

Free (No Charge to be levied)

Outward transactions:-

RTGS:-

RTGS Charges shall be charged by RBI from Bank as under:

  • Inward Transactions: Free
  • Outward Transactions:-

(i) Membership Fees: Monthly Membership fee for Scheduled Commercial Banks (SCB) =Rs.5000

(ii) Transaction fee (per transaction):-

Every outward transaction will attract flat processing charge at the earlier cap of Rs. 0.50

(iii) Time varying tariff:-

S. No Time of settlement at the RBI Charge per transaction
  From To  
1 08.00 hours 11.00 hours Nil
2 After 11.00 hours 13.00 hours Rs. 2.00
3 After 13.00 hours 16.30 hours Rs. 5.00
4 After 16.30 hours   Rs. 10.00

RBI will calculate service charges on a monthly basis for each member and the amount will be debited from the current account of the respective member maintained with Deposit Accounts Department, Reserve Bank of India, Mumbai at the end of the month. The necessary reports on service charges collected from each member would be made available by the Deposit Accounts Department, Reserve Bank of India, Mumbai.

RTGS Charges to be charged by Bank from its customers

  • Inward Transactions: Free
  • Outward Transactions:

(i) Rs. 2 lakh to Rs. 5 lakh

S. No Time of settlement at the RBI Charges to be levied
  From To  
1 08.00 hours 11.00 hours Rs. 25/- per transaction
2 After 11.00 hours 13.00 hours Rs. 27/- per transaction
3 After 13.00 hours 16.30 hours Rs.30/- per transaction
4 After 16.30 hours   Rs.30/- per transaction
 

(ii) Above Rs. 5 lakh

S. No Time of settlement at the RBI Charges to be levied
  From To  
1 08.00 hours 11.00 hours Rs. 50/- per transaction
2 After 11.00 hours 13.00 hours Rs. 52/- per transaction
3 After 13.00 hours 16.30 hours Rs.55/- per transaction
4 After 16.30 hours   Rs.55/- per transaction
 

NEFT:

Upto Rs.10000/ - Rs. 2.50 + Service Tax
Above Rs.10000/- to Rs.1 lac- Rs. 5.00 + Service Tax
Above Rs.1 lac to Rs.2 lac - Rs.15.00 + Service Tax
Above Rs. 2 lac - Rs. 25.00 + Service Tax
(Service tax & Education Cess extra)

Electronic Clearing Services :- ( Handling charges for ECS Returned Unpaid)

Local ECS Transaction:
Debit - Rs.50/-Per transaction, where the account holder is drawer of the ECS transaction.
Credit-Rs.25/- per transaction, where the account holder is payee of ECS Transaction.
Outstation ECS Transaction:Rs.50/-per transaction.

Please note that these charges shall be applicable for all types of transactions including Inter Bank Fund transfers.

ECS operation under NACH Platform as Sponsor Bank

ECS (Credit)

No charges to individual beneficiary’s account.

For Corporate bodies / Institutions

Minimum charges Rs.2000/- + charges payable to NPCI and Destination Bank, if any.

(A) Upto 10000 entries per occasion - @Rs.5/- per entry + charges payable to NPCI and Destination bank, if any.
B) Above 10000 to 100000 entries per occasion - @ Rs.3/- per entry+ charges payable to NPCI and Destination Bank, if any. (Subject to a minimum of Rs.50,000)
C) Above 100000 entries per occasion - @Rs.2/-per entry+ charges payable to NPCI and Destination Bank, if any. (Subject to a minimum of Rs. 3,00,000/-) (Exclusive of Service Tax)

ECS (Debit) “Revised Charges in respect of NACH Debit Mandate Management System as Sponsor Bank”:

Particulars Individuals Corporate bodies/ Institutions NPCI and Destination bank charges
Mandate charges Charges for ECS Mandate registration - NIL Charges for ECS Mandate registration - Rs.50/- As a sponsor bank, we will pay to destination bank Rs.5/- for each of mandate processed within Turnaround Time (TAT). NPCI levy Rs. 1.50 towards processing service of mandate (Rs. 1.00 to mandate initiating bank and Rs.0.50 to mandate receiving bank). However, NPCI is offering mandate processing service free of cost till December 31, 2017
Transaction charges - NIL Rs. 3/- per transaction charges Minimum Charges Rs. 2000/- + charges payable to NPCI and destination bank, if any. As a sponsor bank, we will pay Rs.0.70/- per transaction to NPCI and Destination bank.
  Subject to recovery of all out of pocket expenses including processing charges in case they are ever again levied by Reserve Bank of India / NPCI.  
  ECS (Debit) Return for non availability of funds in customer account- Rs.100/-+ service tax.  
  In terms of RBI guidelines, No charges will be levied in respect of INCOME TAX REFUND ORDERS.  
  ECS Operations are not applicable for  RD accounts. All type of charges are exclusive of service tax which would be charged additionally. Charges of NPCI are as on date which may be changed after reviewal by NPCI. All charges will be exclusive of service tax or any other statutory charges which will be payable separately.
 

All charges will be exclusive of service tax or any other statutory charges which will be payable separately.

 

[2.3] Clarification:

Remittance through IBR alone is not permitted.

 

[2.4] However please note that remittance through DD/MT/TT / /EFT by tender of cash, cash handling charges would be levied @30% extra of normal charges & if above Rs.50000/- by tender of cash the Income Tax Rules are also applicable.

 

[2.5] Note that where a company/constituent is sanctioned credit facilities to be availed at two or more centers, in such cases, transfer of funds between these centers are allowed at par. However, actual out of pocket expenses @ Rs.50/- per transaction are to be recovered.

 

[2.6] Concession For Issuance Of Exchange Free Drafts

(This facility is provided by our bank to valued customers)

For Saving Bank Account Holders: -

(i) On Maintenance of Rs.25,000/- as minimum balance in Saving Bank Account throughout the month the account holder will be entitled for TWO exchange free Drafts up to the maximum overall ceiling amount of Rs.25,000/- each to be entitled in the following month only, from the same account

(ii) On Maintenance of Rs.50000/- as minimum balance in Saving Bank Account throughout the month the account holder will be entitled for TWO exchange free Drafts up to the maximum overall ceiling amount of Rs.50,000/- to be entitled in the following month only, from the same account.

For Current Account Holders: -

  • On maintenance of Rs.50,000/- or more as minimum balance in Current Account throughout the month the account holder will be entitled for Three exchange free Drafts up to the maximum overall ceiling amount of Rs.50,000/- each to be entitled in the following month only, from the same account
  • On maintenance of Rs.1,00,000/- as minimum balance in Current Account throughout the month the account holder will be entitled for THREE exchange free Drafts up to the maximum overall ceiling amount of Rs.1,00,000/- to be entitled in the following month only, from the same account Please note that the above facility will be non cumulative in nature.
 

[2.7] Concession to Premier Saving Bank A/C/Current A/C:

Definition of: -PSB- Premier Saving Bank A/c/ PSB- Premier Current A/C Holders:

  Premier Saving Bank A/C Premier Current A/C
Rural & Semi Urban Branches Minimum Balance Rs.50000/- Minimum Balance Rs.1.00 lac
Urban & Metro Branches Minimum Balance Rs.1.00 lac Minimum Balance Rs.2.00 lac
 

Privileges / Concessions: -

S No. PSB-Premier Saving Bank Account PSB-Premier Current Account
1. Free ATM Cards. Free ATM Cards.
2. Statement of A/C without any charge. Statement of A/C without any charge.
3. Waiver of Inward Cheque Returning Charges Waiver of Inward Cheque Returning Charges.
4. Waiver of Cash Handling Charges on cash deposit up to Rs.3.lacs. Waiver of Cash Handling Charges.
5. Waiver of Locker Rent of Small Locker for one year. Waiver of Locker Rent of Small Locker for one year.
6. Cheque Book with name of the customer duly printed on the Cheque Book. Cheque Book with name of the customer duly printed on the Cheque Book.
7. No Processing Charges (Loan up to Rs.3.00lacs) Waiver of ledger folio charges.
8.   Waiver of Standing Instruction Charges.
9.   Waiver of Balance Certificate Charges.
10.   Waiver of signature verification Charges.
11.   No Processing Charges (Loan Up to Rs. 3.00lacs)
 

Issuance of Duplicate Draft

Same charges as charged at the time of issuance of draft.

Revalidation of Draft

Rs.100/- +out of pocket expenses.

Cancellation of Draft

Rs.100/-+out of pocket expenses.

Cancellation of Bankers Cheque / Pay Order

Up to Rs.10000/- Rs.60/-
Above Rs.10000/- Rs.100/-

 
[3.0] Collection Charges:  

(1) Charges for Outstation Cheque Collection not covered by Speed Clearing: -

Value Service charge from Savings a/c customers Service charge from other than SB a/c customers
Up to and including Rs.5,000/- Rs.27.50 Rs.27.50
Above Rs. 5,000/- and up to and including Rs.10,000/- Rs.55 Rs.55
Above Rs. 10,000/- and up to and including Rs.1,00,000/- Rs.110 Rs.125
Above Rs. 1,00,000/- Rs.165 Rs.200
 

(2) Collection of Outstation Cheques under Speed Clearing:

Value Service charge from Savings a/c customers Service charge from other than SB customers
Up to & including Rs.1,00,000.00 NIL Rs. 50/-
Above Rs. 1,00,000.00 Rs.100/- Rs. 150/-
 
  • All above mentioned charges are inclusive of all charges (postal, courier, handling etc.).
  • Returning charges for Outstation cheques/ instruments sent/ received in Speed Clearing shall be the same as for Local Cheques sent for collection/ received for payment through Clearing House.

(All above mentioned Service Charges are exclusive of Service Tax and Education cess)

 

[3.2] Collection of Outstation Bills charges: -

  • Upto Rs. 10000 -Rs.100/+ out of pocket expenses.
  • Above Rs.10000 - Rs.10/- per thousand. Minimum Rs. 100/- Maximum.Rs.12500/- +out of pocket expenses
 

[3.3] Collection of Deposit Receipt:

  • Collection of Term Deposit issued by other bank and the proceeds invested in Term Deposit with our bank – No collection/ postage/ out of pocket charges
  • Collection of Term Deposit issued by other bank and the proceeds not invested in Term Deposit – Charges as applicable for Collection of outstation cheques + postage & other out of pocket expenses
  • Remittance of Proceeds of Term Deposits to any branch of the bank- No remittance charges
  • Remittance of Proceeds of Term Deposits to other banks (received on Collection) – Remittance Charges.
 

[3.4] Service charges for non-customers involving, handling of cash shall be double for above stipulation for collection business / bills.

 
[4.0] HANDLING CHARGES  

[4.1] Handling charges for Cheques / Bills Returned Unpaid: -

Local Cheque / Local bills returned unpaid.

Revised Service Charges for dishonour of cheque due to Financial Reason:

Revised Service Charges for dishonour of cheque due to financial reason(per instrument)
Particulars Amt. upto 10000/- Amt. above 10000/- upto 1 lac Amt. above 1 lac upto 5 lakh Amt. above 5 lakh
  SB CAA SB CAA SB CAA SB CAA
Inward Clearing (Outward Return): Where the a/c holder is drawer of the Cheque/ bill. 100/- 150/- 150/- 150/- 200/- 250/- 300/- 400/-
Outward Clearing (Inward Return): Where the a/c holder is payee of the Cheque/bill. 100/- 150/- 100/- 150/- 200/- 250/- 200/- 250/-
 

Revised Service Charges for dishonour of cheque due to Technical/ Other Reasons not attributable to bank:

Particulars Revised Service Charges
  Amt. upto 1 lac  Amt. above 1 lac
  SB CAA SB CAA
Inward Clearing (Outward Return): Where the a/c holder is drawer of the Cheque/ bill. 75/- 75/- 100/- 100/-
Outward Clearing (Inward Return): Where the a/c holder is payee of the Cheque/bill. 75/- 75/- 100/- 100/-

** All Charges are exclusive of Service

 

[4.2] Local Bills collection charges -

For presentation directly at drawee bank/drawee: - Rs.200/-+ out of pocket expenses or 50% of collection charges whichever is higher + Out of pocket Expenses Returning Charges are to be levied invariably when the cheque is returned on counter, through clearing or received directly

Branch Manager has the discretion to waive charges, keeping in view of the business prospects. (However No charges to be levied from any customers up to 2 dishonored cheques deposited during a quarter).

Postal Charges for all services to be charged as under:-
Ordinary Post - Rs.10/- or actual expenditure whichever is higher.
Registered post/Courier Charges - Rs.30/-or actual expenditure whichever is higher.

 

[4.3] Postal Charges:

Please note that actual postal / communication charges incurred to be recovered always.

 

[4.4] Introduction of New Service charges for CBS Branches:-

[4.4.1] AWB/CBS/ Inter-Sol Charges for transfer of Funds, Cash Deposit/ Withdrawal ETC: -

Transfer of Funds:

Between Accounts at Branches:

Located at same clearing Centre/city
Between Accounts with same ID: Free

Between accounts with different ID:-

  • Up to Rs.50000/- Free
  • Above Rs.50000/- to Rs. 1 lac - Rs.5/- per transaction
  • Above Rs.1 lac - to Rs. 5 lac- Rs.25/- per transaction
  • Above Rs.5 lac - Rs.50/- per transaction

Accounts at Outstation branches through Cheques / Clearing (Except Speed Clearing)

  • Up to Rs. 2.00 lac - Rs. 5/- per transaction.
  • Rs. 200001/- to 5 lac - Rs.25/- per transaction
  • Above Rs. 5 lac - Rs.50/- per transaction

Cash Withdrawal Charges: -

At Base Branch - Free

At local non-base branch

For Savings customers:

  • Up to Rs.1 lac - Free
  • Above Rs.1 Lac – Rs.1/- per 1000/- or part thereof

For CC, C/A, OD:

  • Up to Rs.50000/- - Free
  • Above Rs.50000/- Rs.1/- per 1000/- Min.Rs.50/- per transaction.

Maximum Cash withdrawal per day:-

  • For self Rs. 200000/-
  • For third party Rs.50000/- against cheque.

Cash withdrawal at outstation Non-base Branch:

For Savings Customers:

  • Up to 1lac - Free
  • Above Rs. 1 lac - Re.2 /- per Rs.1000/- or part thereof.

For CC, C/A, OD:

  • Up to Rs.1 lac - Free.
  • Above Rs.1lac- Re.2 /- per Rs.1000/- or part thereof. Min. Rs.50/- per transaction.

Maximum Cash withdrawal per day:-

  • For self Rs. 200000/-
  • For third party Rs.50000/- against cheque.

Cash Deposit at Local Non-Base Branches:-

For Savings Customers:

  • Up to Re.50000/- per day - Free
  • Above Rs.50000/- Re.1/- per Rs.1000/- or part thereof.

For CC, C/A, OD:

  • Up to Rs.50000/- per day - Free.
  • Above Rs.50000/- Re.1 /- per Rs.1000/- or part thereof Min. Rs.100.00 per transaction.
    (Maximum limit for depositing cash is Rs.5 lac per day per account)
    (However, there shall be no charges for depositing cash in RD, Term Loan, Demand Loan including NPA & Protested accounts)

Cash Deposit at Outstation Non-Base Branches:-

For Savings Customers

  • Free up to Rs.50000/- per day. Thereafter, Re.1 /- per Rs.1000/- or part thereof.

For CC, C/A, OD

Free up to Rs.50000/- per day. Above Rs.50000/-Re.1 /- per Rs.1000/- or part thereof. Min. Rs.100/-
(Maximum limit for depositing cash is Rs.5 lac per day per account)
(However, there shall be no charges for depositing cash in RD, Term Loan, demand Loan including NPA & Protested accounts

Collection of Local Cheques at Base / Non-Base Local Branches (Branches located within same Clearing Centre)

Collection of Cheques through Non- base outstation CBS branches: -

  • Upto Rs.1 Lac : Rs.5/- per transaction
  • Above Rs.1 lac to Rs. 5 lac: Rs.25/- per transaction
  • Above Rs.5 lac : Rs.50/- per transaction

(by presentment through local clearing, Viz. Customer having an account at CBS branch in Delhi and deposits a cheque at Mumbai which is to be presented to SBI, Mumbai through local clearing.)

 
[5.0] Locker / Safe Custody Charges:  

[5.1] Locker Charges: -

Size of locker Category of Branches
Urban S-Urban / Rural Metro
Small 1000 1000 1250
Medium 2400 2000 3000
Large 6000 5000 6000
Very Large 8000 8000 8000
 

(50% Concession in locker rent charges to existing as well as Ex-staff members of Punjab & Sind Bank).
Note: Penalty for default in locker Rent @ Rs. 50/- per month for small

Rs100/- per month for medium
Rs150/- per month for large
Rs.200/- per month for Very large to be charged w.e.f. one month after the succeeding month in which the locker rent became due.
FREE LOCKER VISITS: 24 Locker Visits Per Year. For more visits @Rs.50/- per visit to be charged.

[5.1.1] Locker Break Open Charges: -

Rs.100/- as incidental charges plus all other expenses incurred in the breaking open of the Locker and replacing the lock should be borne by the hirer and should be recovered before getting the locker broken.

 

[5.2] Safe Custody Charges: -

  • Scrip's: Rs.50/- per scrip, mini. Rs.100/- per year or part thereof on each lodgment / release / substitution.
  • Sealed Covers: Rs.350/- per cover p. a. or part thereof
  • Sealed Boxes: Rs. 3000/- per box p.a. or part thereof (Size upto 30x30x30cms)
  • Banks own deposit receipts - No Charges.
 
[6.0] Others Misc. charges to be charged:  

[6.1] Interest Certificate / Balance Certificate/other certificate in Deposit Accounts: -

Rs.100/- (one certificate to be issued free of cost every year)
Charges are to be levied only when the certificate has been lost after issuance and not in the event of Non-receipt.

[6.2] Nomination charges:

Rs.100/-(1st option of nomination to be done free of charges) after exercising 1st option of nomination, for every change in nomination in any type of account.

[6.3] Statement of Account Charges: -

  • Monthly Statement: Once Free, thereafter, Rs.2/- per entry, Minimum Rs.100/- per request.
  • Weekly Statement: Rs.450/- per year, for repeat request, Rs.2/- per entry, Minimum Rs.100/-per request.
  • Daily Statement: Rs. 1000/- per year, for repeat request, Rs.2/- per entry, minimum Rs.100/- per request.

[6.4] Documents/Bills: received for collection: -

  • Change of original instructions in respect of outward/inward bill for collection including (waiving C form, delivery free of payment, extending retirement time etc.):- Rs.200/- per reference.
  • If required to be delivered Free of Payment to drawee OR to be returned back as unrealized: Rs.200/- per reference.

[6.5] Advance Against Cheques Presented In Clearing :-

  • Rs. 100/- in addition of applicable interest.

[6.6] Charges for Recording Reconstitution of Account: -

For Non- individuals A/C - Rs.200/- per occasion. (Exempted in case of death of the existing signatory).
Individuals - No charges for savings and current accounts.

[6.7] Allowing operations through power of attorney/mandate: -

(For all type of accounts)

Non- individuals - Rs.500/- Per Annum or part thereof.
Individuals - Rs.300/- per annum or part thereof.

[6.8] Change of authorized signatory in Accounts: -
Non- individuals –

Rs. 300/- Per Occasion (exempted for change due to death of the existing signatory),

Individuals –

Rs.200/-per occasion (exempted for change due to death of the existing signatory), No charges from defense forces, Ex-servicemen, Physically Handicapped, war widows & Sr. Citizens

[6.9] Copy of original cheque/draft (paid by the bank):

Rs.100/- for original or Rs.50/- for attested copy per instrument.

[6.10] Old Records Inquiries: -

  • Upto one year old - Rs. 100/-per reference/request/ document/ per sheet + Out of pocket expenses
  • Beyond one year - Rs.300/- per reference/request/ document/ per sheet + Out of pocket expenses

[6.11] Attestation of Signature /Photo: -

Except signature attestation for ECS purpose

Non-Individual - Rs. 100/- per instrument
Individual customers of Semi-Urban, Urban & Metro Branches - Rs. 75/- per instrument except for Students, Defence forces, war widows, Physically-Handicap.
Individual Customers of Rural branches, Sr. Citizen & Pensioners (Charges for Sr. Citizen & Pensioners are irrespective of location of Branches)- Rs. 50/- per instrument except for Students, Defence forces, war widows, Physically-Handicap

 
[7.0] ATM/Debit card charges :  

ATM/DEBIT CARD & TRANSACTION CHARGES applicable w.e.f. 01.07.2017 are as under :

 
Sr. No Parameter Charges (in Rs.)
1. ATM/Debit card annual charges from 2nd year onwards Rs. 100 + Applicable taxes, per annum
2 Re-issue of ATM/Debit card Rs. 100 + Applicable taxes, per instance
3 Re-issue of PIN number Rs. 25 + Applicable taxes, per instance
4 ATM transaction charges for saving account ATM in Metro Cities: 1st Three transactions Free on use of other Banks’ ATMs (financial and non-financial transactions in a calendar month)
ATM in Non-Metro Cities: 1st Five transactions Free on use of other Banks’ ATMs (financial and non-financial transactions in a calendar month)
Charges on subsequent transactions thereafter:
(a) Rs.20/- + Applicable taxes, per financial transaction will be levied.
(b) Rs. 9/- + Applicable taxes, per *non-financial transaction will be levied.
5 ATM transaction charges for Current/CAOD Account No Free transactions. Charges levied from 1st transaction onwards on use of other Banks’ ATMs (financial and non-financial both)
(a) Rs.20/- + Applicable taxes, per financial transaction will be levied.
(b) Rs. 9/- + Applicable taxes, per *non-financial transaction will be levied.
 

Pin change transactions will not be charged.
Facilities available on use of RuPay & Master Debit Cards :
These cards has a daily cash withdrawal limits of Rs.25000/- per day
A separate daily limit of Rs. 1, 00,000/- is available for POS + e-commerce transactions
In case of clarifications, please contact base branch.

 
[8.0] Concessions: - Following concessions are allowed subject to recovery of out of pocket expenses  

[8.1] Concession To Staff Members: -

Following concession to staff members / ex - staff members of the Punjab & Sind Bank are permitted

  • Ledger Folio Charges: - No incidental charges are to be levied in current accounts.
  • Standing Instructions: - No charges for standing instructions are to be levied.
  • Remittances: - All Demand Drafts / Mail Transfers / Telegraphic Transfer/ Electronic Fund Transfers shall be free of charge. However, actual out of pocket expenses shall be recovered.
  • Collection Charges: - All Cheques / drafts etc. shall be collected free of charge.
  • All negotiation of cheques / drafts up to Rs.5000/- shall be negotiated at par without levying collection charges regardless of Bank on which the cheque is drawn for credit.

Besides above, no service charges be levied to the existing Staff and Ex-Staff members of Punjab and Sind Bank in respect of all other service charges except locker rent and out of pocket expenses on actual usage basis where ever chargeable.

[8.2] Concession To Pensioners: -

No Service Charge is to be levied to pensioners on collection / discount of pension bills / cheques of Central / State Government and Armed Forces.

[8.3] Concession To Freedom Fighters: -

No service charges are to be levied on collection / discounting of pension bills / pension cheques of freedom fighters.

[8.4] Concession To Defence - Personnels: -

In the account of defense personnel in active service as well as ex - servicemen, collection of outstation cheques and issuance of DD/MT/TT/EFT etc. shall be free of charge, subject to collection of out of pocket expenses.

[8.5] Concession To Religious, Welfare Service, Charitable Institutions, Blind, Physicaly Handicapped, Disabled Individual And Institutions Set Up For Their Benefit: -

The facility of collection of upcountry instruments at par, payment of DD/MT/TT to their own benefit at par are permitted provided these institutions are exempted from payment of Income Tax Act and copy of Certificate is obtained by branch.

[8.6] Account Of Government Department / Ministries:

Cheques issued by Government Department representing subsidies under IRDP and other special program shall be collected at par.

[8.7] Co-Operative Banks, Land Development Banks, Regional Rural Banks, Service Co-Operative, District Rural Development Agency Etc: -

Concession of 50 % of service charges shall be extended to Co-operative Banks for issuance of DD/RTGS/NEFT, which maintain their account with the Bank. The Urban Co-operative Banks shall give an undertaking at their Head Office level that they shall levy the charges of Public Sector Banks to Customers.

[8.8] Bank Under Agency Arrangements: -

Service Charges are as per agency arrangement to be levied provided benefit is not passed on to customers.

[8.9] Concession To Educational Institutions: -

Salary bills of teachers employed in Government run schools may be done at par and discounting free of charge also for sum up to Rs.5000/- per individual in case the employee’s salary accounts are maintained in our Bank

[8.10] Concession To Regional Rural Banks: -

No Collection charges are to be levied by Bank for collection of cheques / draft tendered by RRB irrespective of whether RRB is sponsored by the Bank or not.

[8.11] Payment To Suppliers While Disbursing Loan Under Government Sponsored Schemes: -

No charges are to be levied for issue of DD for above scheme.

[8.12] Concession In Remittace / Collection: -

  • No collection charges to be levied for collection of local Cheques / Drafts.
  • No remittance / collection charges for transfer of funds to Prime Minister / Chief Minister Relief Fund are to be levied.
  • Dividend Warrant and Gift Cheques up to Rs.100/- to be collected at par subject to collection of out of pocket expenses.
  • No Service Charge is to be levied on Rupee Draft issued by Correspondent Bank and Exchange Companies favoring NRI Customers provided Rupee Draft favoring NRI customer is issued by branches of same Bank abroad or Correspondents / Foreign Officers of any Foreign / Indian Banks or ECS maintaining accounts with this bank or any other bank. Draft should be payable through rupee accounts maintained at branches in India nominated by the Banks.

[8.13] Remittance Under Deffered Payment Guarantee / Bills Co Accepted: -

No charges are to be levied for above remittance.

[8.14] Concessions To Be Granted By Zonal Manager's: -

The Zonal Managers are empowered to grant concessions up to 100% in all types of service charges to customers provided that profitability of the Bank is not affected. For this proper Cost Benefit analysis be carried out and reasoned order be passed by the concerned Zonal Manager. In case of chronic Locker Rent Arrears A/C Zonal Manager may waive the charges which are not recoverable.

[8.15] Concession available for transfer of proceeds of FDR shall also be available on transfer of proceeds of Saving Bank Accounts.

[8.16] Sharing of service charges with other Banks

When outstation cheque / bills sent or received for collection, where we do not have our branch / other bank does not have their branch, then collection charges are to be shared with other bank in the ratio of 50:50 and & Out of pocket expenses be charged on actual basis from the depositor of the instrument as per existing practice.

 
[9.0] Transfer Of Funds - Deposit Accounts: -  
  • The collecting Bank is not to levy any service charges on transfer of proceeds of FDR on maturity as well as interest. However, remitting Bank shall levy usual service charges applicable to remittances. In case of local remittances, the service charges as applicable to Demand Draft be levied.
  • No service charges be levied on cheques issued as per court order for placing the amount in terms deposit
 
[10.0] SMS alerts charges :  

[10] SMS alerts charges :

SMS alerts charges are levied on all customers on actual usage basis for SMS alerts - Rs. 15/- +Service Charges (Per Quarter).

Customers/transaction exempted from charges

  • Staff Members /Ex-staff members ,Senior citizen, Small Saving a/c holder, Saral Savings Accounts (No Frill A/c) / Basic Saving Bank Account holders ,and Financial Inclusion Accounts, Recurring Deposit/Fixed Deposit A/c’s etc.
  • ATM/Debit/Credit Card transaction alerts, Net –Banking transaction alerts as per regulatory guidelines.
For Hot Listing (Blocking)
ATM/Rupay Cards ATM/RuPay Card
(By SMS) 9223815844
For Debit Freeze Account
(By SMS) 8828837411
For Balance Enquiry
(By Missed Call) 7039035156 (Toll Free)
All India Toll Free 1800-419-8300