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Service Charges

SERVICE CHARGES AND FEES

Service-Charges-Attention-GST
 

As per RBI directives, IBA advised all member Banks to disclose the details about service charges/other charges being levied by Bank's and place on their bank's website as prescribed in Fair Practice Code for information to General Public. We have already adopted the Fair Practice Code norms in our Bank. Accordingly, we furnish the latest charges revision of our Bank on various services rendered to the Customers.

CASH DEPOSIT CHARGES FOR CURRENT ACCOUNT – REVISED

Variant

Cash deposit free limit

Cash deposit charges after free limit

Cash deposit transaction free limit

Charges after free limit

CA others / Lakshmi Current Flexi Account

Base Branch - free cash deposit limit upto 2 times of previous month avergae balance (AMB), subject to a maximum of Rs 50 L per month. For base branch, cash deposit free limit will be Rs 2 L for the month of account opening
Non-base branch - free cash deposit limit upto Rs 2 lakhs per month

Above cash deposit free limit, charges of Rs 5 per 1000 are applicable, subject to a minimum of Rs 25 per transaction

25 cash deposit transactions free per month

After free limit of number of cash deposit transactions, Rs 50 per cash deposit transaction will be applicable

 

  • Additional Charges - If atleast 80% of average balance as per product variant is not maintained, then the cash free limit will not be considered and charges will be applicable from the first cash deposit
  • GST will be levied by the bank over and above the charges
  • The Bank reserves the right to change this rates, charges or re-negotiate them depending upon the relationship with the customer
  • The cash deposit charges applicable to Trusts, Societies, Clubs, Associations, Government Organizations, customers who have availed POS machines or has availed Loan against property from the Bank may be waived off based on the overall customer relationship with the bank
  • In case of insufficient balance in your account, bank will not be able to recover applicable charges and GST
  • Cash deposit charges are applicable w.e.f. 1st April 2022
  • The charges are applicable for cash deposit at branches and also cash deposit in Cash Recycler Machines

MAINTENANCE OF ACCOUNTS

S.
No

Type of Charge

Existing Charge

Revised Charges

 

 

1

 

 

Ledger Folio charges

SB - Nil

SB: NIL

CA:

1. Rs. 3 per txn with a minimum of Rs. 50/- per quarter (If AQB is up to Rs.50000/-)

2. Rs.2 per txn with a minimum of Rs.30/- per quarter (if AQB is above Rs.50000/-)

CA:
Free 30 transactions per month(i.e. 90 transactions per quarter) after that Rs.3 per transaction subject to a min of Rs.25/quarter for all CA products
wherever folio charges applicable

2

Duplicate passbook Savings)

Rs. 50 per book

3

Physical Statement

Rs. 50 per statement

 

4

 

Cheque leaf charges

 

Rs.1.00 per leaf

SB - 25 leaves free for the first time for all eligible a/cs, thereafter Rs. 3 per leaf.

CA - Rs.3 per leaf.

 

5

 

Closure of A/C's (for A/Cs which are closed within 12 months from the date of opening)

SB Rates (Rs.) Rural 100
Non Rural 150

CA Rates (Rs.) Rural 200
Non rural 400

SB

Rates (Rs.)

Rural

100

Non Rural

150

 

CA

Rates (Rs.)

Rural

200

Non rural

400

 

6

Stop payment instructions SB

For SB Rs.50/- per Cheque Rs.150/- for series of Cheques (more than 3 Cheques) For CA Rs.100/- per Cheque Rs.250/- for series of Cheques (more
than 3 Cheques)

 

For SB & CA- Rs.100/- per Cheque Rs.300/- for series of Cheques (more than 3 Cheques) per instance.

 

CA

 

 

7

 

 

Standing Instruction (CASA & FD)

Charges for standing instructions within the bank free

For Outside Bank

Amount Slab

Charges

Deposit amount upto Rs.1 lac

Rs.50

Deposit amount above Rs.1 lac to Rs.10 lacs

Rs.100

Deposit amount above Rs.10 lacs

Rs.150
    For CASA accounts Rs.50
    Periodical Remittances / Interest and Maturity Pay -Out Charges
    Amount Slab Charges
    Amount up to Rs 10000/-

NIL
    Amount above Rs 10000/- to Rs.1 lakh

Rs.5
    Amount above Rs. 1 lakh to Rs.2 lakh Rs.15
    Amount above Rs. 2 lakhs Rs.25

 

8

Confirmation of Signature (Specimen) For Obtaining Loan from Finance Companies/ Institutions
and Other Purposes

 Rs.25/- for rural & Rs.100/- for non-rural

 

9

Issue of Certificates No Objection/No Dues / Balance/ Interest Charged/ Cheque
Honored/ A/c Maintained

 Rs. 50/- Rural
Rs.100/- For others
10

 

Enquiry of Old Transactions for Queries Pertaining to Entries Up To 1 Year for Queries Pertaining to Entries Older Than One Year

Enquiry above 6 months up to 1 year

SB

CA

Other than individual (all centers)

Rs.50 Per Occasion

Rs.200 Per Occasion

(For individual) other than rural branches

Rs.50 Per Occasion

Rs.150 Per Occasion

(For individual) rural branches

Rs.25 Per Entry

Rs.50 Per Entry

Above one year - branch managers discretion to charge over & above the prescribed rates.

11

Issue of Duplicate Deposit Certificate (For FD)

Rs.50/- per certificate.

 

12

 

Transfer of deposits proceeds/Interest (For FD)

Within bank- Nil

To other banks - NEFT/RTGS standing instruction set up charges plus slab   wise charges as mentioned in ELECTRONIC PAYMENT
PRODUCTS (RTGS/NEFT/ECS)

 

13

Change of Authorized Signatory Including Power of Attorney/ Mandate

 

Rs.100/- Per Every Change

 

14

For SB A/C’s Withdrawal Either by Cheque or Otherwise Exceeding

30 Transactions per half-year - Thereafter Rs.10/- per transaction. The number of withdrawals is restricted to Cheque transactions only (CASH/TR/CLG)
Other Debits - Standing Instructions, ATM withdrawals and ECS to A/Cs are exempted.

 

15

 

Solvency certificate

Up toRs.1 Lac Rs.1 - 3 Lac Rs.3 - 5 Lac Rs.5 - 10 Lac Rs.10 - 25 Lac Rs.25 - 50 Lac
Rs.50 Lac and above

 

0.25% of the solvency certificate amount. (Minimum - Rs.500/-)

 

16

Collection of Inward/ Outward Cheques (Out
Station)

 

Free

 

 

17

 

Return/Dishonor of Cheques/Bills

Inward return(Existing)

Inward return (Revised)

SB : Rs.50 /-

SB: Rs.200/-

CA: Rs.100/-

All CA: Rs.250/-

 

Outward return(Existing)

Outward return(Revised)

SB: Rs.150/-

SB : Rs.50/-

CA: Rs.200/-

CA: Rs.100/-

 

18

 

Remittance by Demand Draft/Pay Order

Upto Rs.1000 - Rs. 15/- Rs.1001-5000 Rs.20 Rs.5001-10000 Rs.25
Rs.10001 and above Rs.2.25/- per Rs.1000

Up to Rs.1000

Rs.15

Rs.1001-5000

Rs.20

Rs.5001-10000

Rs.25

Rs.10001 and above

Rs.3.00/- per Rs.1000 (Revised)

 

19

Revalidation / Cancellation / Issue of duplicate of DD/PO/RBI / SBI Cheque

 

Rs.50/- per instrument

20

SMS

Charges of Rs.0.50 paisa per SMS (Levied quarterly)

21

IRCTC Payments - using debit card

Rs.10.00 per txn may be levied for the railway bookings in IRCTC through net banking / debit card

22

Locker Operations

1. Five operations per month free of charge

2. Rs. 50.00 per operation for more than five operations

 

23

 

JDL Notice charges

1. Out of pocket expenses of Rs. 10.00 per notice sent to the JDL account holders (for the notices sent for shortage of security value)

2. The branches to collect the registered notice charges separately, in respect of accounts for which auction notice and other notices sent through Registered Post.

 

 

24

 

 

Cash Deposit -Savings

Base Branch

Unlimited

Base Branch

Free 1st 5 transactions per month (or) Up to 5 lakhs per month whichever is earlier, thereafter Rs.2/1000. (Inclusive of Base and non-base branch )

 

Non               Base Branch

Free up to Rs.5000/- per day
thereafter Rs.1/1000

 

Non              Base Branch

The above charges are generic charges and the product level charges will supersede the above grid if any.

NON MAINTENANCE CHARGES(NMC) - SAVINGS REVISED

S. No

Shortfall in Required AQB

Percentage of Charges on The Actual Shortfall

Maximum Cap INR Excluding GST

1

0 <= 50%

10%

500

2

>50% to 100%

15%

750

The above grid will be applicable for all savings account products including premium accounts where we have a minimum balance requirement except Lakshmi Kissan account.

NON MAINTENANCE CHARGES(NMC) – CURRENT

 

CA Account others

Required Balance

Penal charges for non-maintenance of minimum balance

Rs.5000/-

Rs.200/-

ELECTRONIC PAYMENT PRODUCTS (RTGS/NEFT/IMPS)

PRODUCT

LIMITATION

CHARGES (EXCLUDING GST)

Outward RTGS transactions

INR 2 lakhs to INR 5 lakhs

20/-

 

More than INR 5 lakh

45/-

 

Up to INR 10,000

NIL

Outward NEFT transactions

Up to INR 10,000

NIL

 

Above INR 10000 TO 1 Lakh

5/-

 

Above INR 1 Lakh to INR 2 Lakh

15/-

 

Above INR 2 Lakh

25/-

Outward IMPS transactions

Up to Rs.1 Lakh

5/-

 

Above Rs.1 Lakh to Rs.5 Lakh

15/-

Inward RTGS/NEFT/IMPS

All Inward RTGS/NEFT/IMPS

NIL

Please note that no charges will be levied for NEFT & RTGS transactions initiated online through our Internet Banking platform &/or Mobile Banking app.

DEBIT CARD CHARGES (EXCL GST)

Category

Visa Classic

Visa Platinum

Visa Signature

Rupay Classic

Rupay Platinum

Issuance Charges - First time

NIL

NIL

NIL

NIL

NIL

Annual Fee

100

200

700

100

200

Duplicate card charge

200

200

200

200

200

Duplicate Pin Mailer

100

100

100

100

100

International withdrawal charges (cash)

100

100

100

100

100

International balance enquiry charges

25

25

25

25

25

ATM WITHDRAWAL CHARGES

Type of Transactions

Particulars

Charges Above the Free Limit

 

 

LVB customer using other banks ATM

 1. Three free transactions per month in other banks ATMs if located at six metros (Mumbai, New Delhi, Bengaluru, Hyderabad, Chennai and Kolkata)

2 .Five free transactions per month in other bank ATMs if located at other than the above Metro places. (These free (5) transactions can be availed by the customers by combining metro and non-metro centres, but with a maximum of 3 free transactions at metro centres.)

Rs.18/- per financial transaction & Rs.6/- per non- financial transaction (Both inclusive of GST)

With effect  01 Aug 2021

Rs.20/- per financial transaction & Rs.8.5/- per non- financial transaction (+ GST as applicable) 

LVB customer using LVB ATM

Unlimited free transactions.

No Charges

 

SERVICE CHARGES FOR BASIC SAVINGS BANK DEPOSIT (BSBD) ACCOUNTS

S. No

Type of Service

Revised Charges

1

Issue of Cheque Book

No Cheque book will be issued and no charges

2

Issue of ATM Card

Only Rupay Classic Card will be issued at free off cost

3

Withdrawals

Four withdrawals in a month including ATM withdrawals free of
charges Beyond 4 withdrawals : No further withdrawals
 

BSBD account holders will be provided services as mandated by the RBI.

LOCKER CHARGES (PER ANNUM, EXCL GST)

Locker Type

Revised Locker Type

 

Category

Locker Size (in Inches)
(H*W*D)

Rural Branches

Semi Urban
Branches

Urban Branches

Metro Branches

A

S1

Small

5*6*21

Rs. 850

Rs.900

Rs.1200

Rs.1300

B

S2

Small

6*7*21

Rs. 1000

Rs.1200

Rs.1500

Rs.1750

2A

S4

Small

5*13*21

Rs. 1600

Rs.1800

Rs.2200

Rs.2500

D

S3

Small

7*9*21

Rs. 1500

Rs.1700

Rs.2200

Rs.2500

2B

M2

Medium

6*16*21

Rs. 2600

Rs.2800

Rs.3400

Rs.3600

4A

M4

Medium

11*13*21

Rs. 3500

Rs.4000

Rs.4500

Rs.5000

2D

M3

Medium

7*20*21

Rs. 3500

Rs.4000

Rs.4500

Rs.5000

4B

L1

Large

12*16*21

Rs. 4500

Rs.5000

Rs.6000

Rs.6500

2B1

M1

Medium

13*7*21

Rs. 2500

Rs.2700

Rs.3200

Rs.3500

4D /L

L3

Large

16*20*21

Rs. 5500

Rs.6500

Rs.7500

Rs.8500

4D1

L2

Large

15*20*21

Rs. 5000

Rs.5500

Rs.7000

Rs.8000

RETAIL ASSETS SERVICE CHARGES

Retail Assets - Service Charges(All Charges Are GST Excluded )

S.No

Product

Services

Existing Charges

Proposed Revised Charges

 

1

 

All products

 

Penal Interest

Penal int @ 18% per annum i.e., 1.5% per month on the overdue
installments

Penal int @ 18% per annum i.e., 1.5% per month on the overdue
installments

2

All products

Cheque Bouncing Charges

NA as we don’t follow ECS

NA as we don’t follow
ECS

3

All products

Cheque swapping
Charges

NA as we use our bank
alone

NA as we use our bank
alone

4

All products

Duplicate Statement issuance charges

NIL

Rs.250/- per statement

5

All products

Credit Report Issuance
Charges

NIL

Rs.50/- per report

 

6

 

All products

Switching Fee ( BPLR to MCLR)

modification charges - upto 25lacs - Rs.2k, 25.1 < 1cr - Rs.4k, > 1cr - Rs.5k

Upto 50lacs : 0.5% of POS or 5000 whichever is lower.2) >50lacs: 0.25% of POS or 10000.00
whichever is lower

 

7

 

All products

Switching Fee (Floating to Fixed)

modification charges –
up to 25lacs - Rs.2k, 25.1 < 1cr - Rs.4k, > 1cr - Rs.5k

0.5% of POS

 

8

 

All products

Switching Fee ( Fixed to Floating)

modification charges - upto 25lacs - Rs.2k, 25.1 <
1cr - Rs.4k, > 1cr - Rs.5k

0.5% of POS

 

9

 

All products

Switching Fee ( Higher to Lower floating rate)

modification charges - upto 25lacs - Rs.2k, 25.1 < 1cr - Rs.4k, > 1cr - Rs.5k

0.5% on POS or 5000.00
whichever is lower

RETAIL ASSETS – PRODUCT SPECIFIC SERVICE CHARGES

(All Charges Are GST Excluded )

S. No

Product

Services

Applicable Charges

 

1

 

 

LHL

 

 

Processing Fees

w.e.f. 10th June 2021

Home Loan (For any quantum of loan): Rs. 10,000/- plus taxes

Part Prepayment Charges

Nil
Foreclosure Charges Nil

Switch over/ Repricing  Charges

Rs.5000/- (Fixed to Floating or vice-versa and MCLR linked to REPO linked rate or vice-versa) or the amount that may be mutually agreed upon accepting the service request from customer

 

2

 

LLAP

 

Processing fees

w.e.f. 10th June 2021

Loan Against Property     (Retail Segment): upto 1% as may be mutually agreed and so brought out in the loan agreement

Part Prepayment
Charges

Nil
Foreclosure
Charges		 Nil

Switch over/ Repricing  Charges

Rs.5000/- (Fixed to Floating or vice-versa and MCLR linked to REPO linked rate or vice-versa) or the amount that may be mutually agreed upon accepting the service request from customer

 

3

 

LRL

Processing Fees

0.50%

Part Prepayment Charges

Nil

Foreclosure Charges

Nil

4

 

 

 

LHL- OD

 

 

Processing Fees

1)<25lacs: 0.40% of Loan amount, with a minimum of Rs.2000/- or 10000.00
whichever is lower.
2) >50lacs : 0.25% of Loan amount or 20000.00 whichever is lower

Part Prepayment
Charges

Nil

Foreclosure
Charges

Nil

 

5

 

LHL-TU

Processing Fees

0.4% of Loan amount

Part Prepayment Charges

Nil

Foreclosure Charges

Nil

 

 

6

 

 

LPVL

 

Processing Fees

0.5% of Loan amount subject to minimum of Rs.1000/- and maximum of Rs.10000/- for Four wheelers. For 2 wheelers
minimum of Rs.750/- to be collected

Part Prepayment Charges

2% of Principle O/s

Fore closure
Charges

4% of Principle O/s

 

7

 

VLL

Processing Fees

Nil

Part Prepayment Charges

Nil

Foreclosure Charges

Nil

 

8

 

JDL ( Non -Agri)

 

PF

0.3% of loan amount upto 25000, 0.4% of loan
amount above 25000

Part Prepayment Charges

Nil

Foreclosure
Charges

Nil

 

9

 

LEL

Processing Fees

0.25% of Loan amount

Part Prepayment Charges

Nil

Foreclosure Charges

Nil

 

10

 

LLAS

 

Processing Fees

0.25% of Loan amount, subject to minimum of
2500.00

Part Prepayment Charges

Nil

Foreclosure
Charges

Nil
 
 
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