Collection Charges
The charges regarding the collection services are listed here (Effective from 01.11.2022).
| 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 |
