INTEREST RATES ON DEPOSITS:
| Particulars | Rates of Interest w.e.f. 01.01.2023. |
|---|---|
| 15 days to 29 days | 05.00% p.a. |
| 30 days to 91 days | 05.50% p.a. |
| 92 days to 181 days | 06.50% p.a. |
| 182 days to less than 1 year | 07.50% p.a. |
| 1 year to less than 3 years | 08.25% p.a. |
| 3 years to less than 5 years | 08.75% p.a. |
| 5 years and above | 08.50% p.a. |
| Silver Jubilee Deposit Scheme. | 08.75% p.a. |
| Senior Citizens | 0.50% p.a. extra. for all tenors. |
| Deposits above Rs.15.00 lacs | Will be quoted separately for all tenors. |
*Income Tax on Interest Income: Members are advised to comply with Income Tax Laws and other applicable Laws in force keeping in view their interest income and their total Income.
Service Charges:
THE ADARSH COOPERATIVE URBAN BANK LTD., HYDERABAD-500 055
UPDATED SCHEDULE OF SERVICE CHARGES EXCLUDING GOODS & SERVICE TAX (GST) CHARGES AS AMENDED UPTO 11.11.2022.
1. Relating to Deposit Accounts
| Category of Charge | Charge Description | Charges Amount | |
|---|---|---|---|
| 1.1 | Cheque book facility: - | ||
| Free Cheque Books are issued | |||
| a) | Up to 30 leaves free for all Savings / Current / OD & SOD accounts in a calendar year | Free | |
| b) | Per leaf over Free cheques for all A/cs | Rs.5/- | |
| d) | Per leaf Issue of Loose leaf charge | Rs.10/- | |
| 1.2 | Stop payment Request | ||
| a) | Savings Accounts per Instrument for one single request letter. | Rs. 125/- subjected to max.Rs.375/- | |
| B) | Current / CC / OD / SOD Accounts per Instrument for one single request letter. | Rs. 185/- subjected to max.Rs.600/- | |
| 1.3 | Account closure | ||
| a) | Saving a/c closure within 1 year | Rs. 250/- | |
| B) | Current a/c closure within 1 year | Rs. 300/- | |
| 1.4 | Minimum balance charges | ||
| Min. Bal. required | Charges | ||
| Savings General / Societies/ SBC / SBZ/SBP/Student/Minor/Smart Kids/LTI | Rs.1000/- (if balance falls below Rs. 1000/-) | Rs.50/- p.m. | |
| Savings Account-Salary Without Cheque Book | Rs. 500/- (if balance falls below Rs. 500/-) | Rs.50/- p.m. | |
| Current a/c / COS / CTA | Rs.3000/- (if balance falls below Rs. 3000/-) | Rs.150/- p.m. | |
| 1.5 | PAN Card Services | ||
| Coupon | Rs.100.00 | ||
| Form Processing charges | Rs.100.00 | ||
| 1.7 | Local Cheque purchase | ||
| Monday to Friday | Cheques – Interest @ 22% for 4 days, min. Rs. 100/- | ||
| Drafts – Interest @ 20% for 4 days, min. Rs. 100/- | |||
| Working Saturday & Sunday | Cheques – Interest @ 22% for 6 days, min. Rs.100/- | ||
| Drafts – Interest @ 20% for 6 days, min. Rs.100/- | |||
| If next day of the purchase of cheque happens to be a Holiday for clearing (including Sunday) the interest shall be for 6 days. | |||
| If instrument purchased is returned unpaid, in addition to normal return charges of Rs.150/- for S.B.Account and Rs.300/- for Current Account /OD/SOD/CC Accounts, the following additional charges shall be levied: -50% of the discount charges shall again be debited to account. | |||
| 1.8 | Mandate Management | ||
| Mandate including E-Mandate processing charges Rs. 100/- | |||
| Return Charges Rs. 100/- (other than technical reason) | |||
| 1.9 | ATM related charges | ||
| EMV Debit Classic / Platinum Card issue | Rs. 150/- | ||
| Reissue against loss of card | Rs. 150/- | ||
| Annual charges | Rs. 150/- per annum | ||
| Issue of new card on expiry of existing card | Rs. 150/- | ||
| Issue of PIN mailer second time onwards | Rs. 50/- | ||
| Use of ATM card at our ATM any number of times | Free | ||
| Use of ATM card at other Bank ATM | As per RBI / NPCI Rules | ||
| ATM Transactions Charges | |||
| Rs.21/- per Financial Transaction and Rs.11/- for Non-Financial Transaction at other Bank ATMs after allowing free transactions as per RBI / NPCI Guidelines. | Financial - 21/- Non-Financial - 11/- | ||
| Transaction fees at Adarsh Bank ATM | Free | ||
| ATM Debit Limits | |||
| 1.Cash Withdrawal Limit for both Classic and Platinum cards | Rs 40,000/-Per day | ||
| 2.POS & E-Com Transactions: | Classic Card: Rs. 1,00,000/- per day which includes the cash withdrawal limit of Rs.40,000/- per day. Platinum Card: Rs. 1.50,000/- per day which includes the cash withdrawal limit of Rs.40,000/- per day. | ||
| 2) | Remittance facilities | ||
| 2.1 | Demand Draft issue (At par cheques issued on Corporation Bank, SBI & Axis Bank) | ||
| Up to Rs.50000 | Rs. 50/- | ||
| Rs.50001/- & above | Rs. 1.00 per thousand | ||
| Cancellation | Rs. 100/- | ||
| Revalidation | Rs. 100/- | ||
| Duplicate issuance | Rs. 150/- + Stop payment charges of other Bank. | ||
| 2.2 | Bankers cheques – issue | ||
| Up to Rs.3,00,000/- | Rs.30/- | ||
| Rs. 3,00,001/- to Up to Rs.6,00,000 | Rs. 60/- | ||
| Rs. 6,00,001/- to Up to Rs.10,00,000 | Rs.120/- | ||
| Cancellation | Rs.65/- | ||
| Revalidation | Rs.65/- | ||
| Duplicate issuance | Rs.125/- | ||
| 3) | COLLECTION/PAYMENT FACILITIES | ||
| 3.1 | OUTSTATION CHEQUES COLLECTION CHARGES: | ||
| Upto Rs.1,00,000/- | Rs.100/-+other bank charges, if returned Rs.200/- | ||
| Above Rs.1,00,000/- | Rs.200/-+other bank charges, if returned Rs.300/- | ||
| 3.2 | INWARD OUTSTATION CHEQUES COLLECTION CHARGES: | ||
| Upto Rs.1,00,000/- | Rs.50/-+ Rs.50/- towards postage, if returned Rs.200/- | ||
| Above Rs.1,00,000/- | Rs.150/-/-+ Rs.50/- towards postage, if returned Rs.300/- | ||
| 3.3 | LOCAL CHEQUE RETURN CHARGES (CHEQUES DEPOSITED FOR COLLECTION): | ||
| Saving accounts | Rs. 150/- per instrument | ||
| Current, OD & SOD accounts | Rs. 300/- Per instrument | ||
| 3.4 | CHEQUE RETURN-INWARD/ ECS DEBIT RETURN (INCLUDING CHEQUE PRESENTED OVER COUNTER FOR PAYMENT):- | ||
| Minimum for Savings accounts Minimum for Current and Advances accounts |
Rs.250/- Rs.500/-/td> | ||
| Two days' interest @22% p.a. subjected to the above minimum | |||
| 4) | LOANS & ADVANCES | ||
| 4.1 | 4.1 Gold loan Processing charge | Nill | |
| 4.2 | Loans & advances charges | ||
| a | Processing charge | ||
| General | 1% of the loan amount. | ||
| Borrowers with Good Repayment Track Record | 0.50% of the loan amount | ||
| Staff Loans | 0.25% of the loan amount | ||
| b | Legal charges | ||
| Wherever the title scrutiny is done internally in small loans | 0.25% of the Loan amount subject to a Maximum of Rs.2,500/- | ||
| Wherever legal opinion is Obtained from the Legal Advisor. | 0.25% of the loan amount subject to a minimum of Rs.3,000/- and maximum of Rs.7500/- | ||
| c | Valuation Charges – Valuation charges as levied by the Valuer will be collected from the Customer and will be paid directly to the Valuer as per the Schedule. | ||
| Schedule of Fee payable to the Valuer is as under: | |||
| i) | Residential / Industrial Land and buildings at 0.125% up to Rs.50,00,000/- minimum of Rs.2,000/- and maximum of Rs.3,000/- including conveyance charges. | ||
| ii) | Residential / Industrial Lands and buildings at 0.125% above Rs.50.00 Lakhs and upto Rs.100.00 Lakhs minimum of Rs.3,000/- and maximum of Rs.5,000/- including conveyance charges. | ||
| iii) | Residential / Industrial Lands and Buildings at 0.125% above Rs.100.00 Lakhs minimum of Rs.5,000/- and maximum of Rs.7,000/- including conveyance charges. | ||
| iv) | Residential Apartments at 0.125% up to Rs.100.00- Lakhs minimum of Rs.2,500/- and maximum of Rs.3,500/- and above Rs.100.00 Lakhs maximum of Rs.5,000/- | ||
| v) | Industrial Lands and Buildings and Machinery at 0.125% minimum of Rs.3,000/- and maximum of Rs.7,000/- for traditional activities. | ||
| d | Renewal Charges of SOD | ||
| General | 1.00% P.a. | ||
| Borrowers with Good Track | 0.50% P.a. | ||
| While renewing SODs, the interest income generated by the Account Holder shall be reckoned and a minimum of 25% of the limits sanctioned should have been utilized on an average otherwise the commitment charge of 1% of Limit amount in addition to the renewal charge is to be levied. | |||
| e | Credit Information Report | ||
| Credit Information Reports down loading charges will be borne by the Bank and will not be collected from the Parties. The charges levied by the Agencies for Commercial Ace plus Report is Rs.550/- and Base plus report plus score is Rs.32/- and Base Consumer Report is Rs.24/- | f | Search and Charge Creation Charges with CERSAI | |
| Loan / Limit amount up to Rs.5.00 Lakhs | Rs.300/- per property. | ||
| Loan / Limit amount beyond Rs.5.00 Lakhs; | Rs.1000/- per property. | 4.4 | Bank guarantee charges |
| Guarantee issued by Adarsh Bank : | 1% p.a. of the guaranteed amount with a minimum of Rs.1,000/- | ||
| Gurantee issued through other Bank : | 1.Charges levied by other Bank plus 50% of such amount shall be our Bank charges 2.In case counter guarantee provided by immovable property the Bank will charge interest @14% p.a for the total period of Bank Guarantee on the funds parked. |
||
| 4.4 | Issue of Xerox copy of Documents from Loan Files : | Rs.125/- +Xerox charges at Rs.3/- per page (both side Xerox) | 5) | MISCELLANEOUS | 5.1 | Rent on Lockers for all Branches: | (For Rural Branches, first year Rent @50% rent only/-) |
| Size | Locker Type | Rent | |
| Small | A | Rs.750/- p.a. | |
| Medium | C | Rs.2000/- p.a. | |
| Large | D | Rs.3000/- p.a. | |
| Extra Large | F | Rs.5000/- p.a. | |
| Super Large | L | Rs.12,000/- p.a. | |
| 5.2 | Issue of Statement:- | Account Statement it is issued for second time for full year | Rs. 125/- |
| 5.3 | Issue of duplicate pass book | Rs. 100/- | |
| 5.4 | Signature/Photo verification certificate/Miscellaneous | Rs. 100/- | |
| 5.5 | Enquiry/Record copy of paid cheque/pay in slip | Rs. 125/- + Charges levied by M/s Iron Mountain service charges paid | |
| 6) | SERVICES RENDERED FREE OF COST | ||
| a. | Balance enquiry | ||
| b. | SMS Alerts | ||
| c. | Monthly Statements | ||
| d. | Collection of local Cheques | ||
| e. | Standing Instruction | ||
| f. | No Dues Certificates | ||
| g. | Balance confirmation certificate | ||
| f. | No Dues Certificates | ||
| g. | Balance confirmation certificate | ||
| h. | Account status certificate | ||
| i. | Use of ATM / Debit card at Adarsh Bank ATMs | ||
| j. | Funds Transfer through Mobile Banking. | ||
| k. | Inward / outward fund transfer (RTGS / NEFT / IMPS/UPI) | ||