Collection Charges

The charges regarding the collection services are listed here (Effective from 01.05.2021).

Nature of Services Individuals / Sole Prop. / Partnership Firms / Companies / Trusts and Others in Non-Rural Areas Senior Citizens, Pensioners and individuals in rural areas
1. Bills Collection - Inward / Outward
Inward Bills Rs. 6/- per Rs. 1,000/- or part thereof
Min - Rs. 25/-
Max - Rs. 7,500/-
Applicable postage charges
Rs. 6/- per Rs. 1,000/- or part thereof
Min - Rs. 25/-
Max - Rs. 7,500/-
Applicable postage charges
Outward Bills Rs. 6/- per Rs. 1,000/- or part thereof
Min - Rs. 25/-
Max - Rs. 7,500/-
Applicable postage charges subject to a min Rs. 15/-
Rs. 6/- per Rs. 1,000/- or part thereof
Min - Rs. 25/-
Max - Rs. 7,500/-
Applicable postage charges subject to a min Rs. 15/-
2. A. Cheque Collection - Inward / Outward
Up to & Including Rs. 5,000/- Rs. 25/- Rs. 25/-
Above Rs. 5,000/- & up to & including Rs. 10,000/- Rs. 50/- Rs. 50/-
Above Rs. 10,000/- & up to & including Rs. 1,00,000/- Rs. 100/- Rs. 100/-
Above Rs. 1,00,000/- Rs. 200/- Rs. 200/-
B. Cheques Sent for Collection - Returned
Local Cheque (of our bank) Rs. 30/- Rs. 30/-
Outstation Cheques 50% of the commission charged as per RBI guidelines + other bank charges if any 50% of the commission charged as per RBI guidelines + other bank charges if any
Inward Cheques(Where customer at Fault)
(applicable for internal transfer of funds request also)
Current and OD accounts: One-day interest at base rate Min. Rs. 600/- Max. Rs. 7,500/-
For SB accounts: Min Rs. 350/- Max. Rs. 7,500/- for all SB products including Edu Plus
Current and OD accounts: One-day base rate or Min. amount Rs. 550/- and Max. Rs. 7,500/-
For SB accounts: Min Rs. 300/- Max. Rs. 7,500/- for all SB products including Edu Plus
Outward Cheques
(applicable for internal transfer of funds request also)
SB Accounts - Rs. 100/-
All other Accounts Rs. 200/-
SB Accounts - Rs. 100/-
All other Accounts Rs. 200/-
C. Outward Bills sent for collection - Returned 50% of the commission
Min - Rs. 20/-
Max - Rs. 5,000/- + actual VPL charges
50% of the commission
Min - Rs. 20/-
Max - Rs. 5,000/- + actual VPL charges
D. Inward Bills sent for collection - Returned 50% of the commission
Min - Rs. 20/-
Max - Rs. 5,000/- + actual VPL charges
50% of the commission
Min - Rs. 20/-
Max - Rs. 5,000/- + actual VPL charges
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