INTEREST RATES ON DEPOSITS:

15 days to 29 days

5.00 % p.a.

30 days to 91 days

5.50 % p.a.

92 days to 181 days

6.00 % p.a.

182 days to less than 1 year

7.00 % p.a.

1 Year to less than 3 years

8.00 % p.a.

3 Year to less than 5 years

8.50 % p.a.

5 Years and above

8.00 % p.a.

Senior Citizens

0.5 % extra(for deposits of 1 year and above)

Deposits above 15 Lacs will be quoted separately at a higher rate of Interest.

*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 24.12.2019.

 

 

 

 

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 6 months   

Rs. 250/-

 

 

within 1 year

Rs. 150/-

b)

 

Current a/c closure within 6 months 

Rs. 300/-

 

 

With in 1 year         

Rs. 200/-

 

 

 

 

1.4

Minimum balance charges

 

 

 

 

 

 

 

 

Min. Bal.  required

Charges

 

Savings a/c / SB Societies/ SBC / SBZ

Rs.1000/- (if balance falls below Rs. 1000/-)

Rs.50/- p.m.

 

Savings-student a/c

Rs. 300/- (if balance falls below Rs. 300/-)

Rs.30/- p.m.

 

Savings-Pension a/c

Rs.250/- (if balance falls below Rs.250/-)

Rs.30/- 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

Outstation Bill / Cheque purchase

 

 

 

 

Non MICR Cheques or outstation Cheques shall not be discounted.

 

 

 

 

 

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 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.20/- per Financial Transaction and Rs.10/- for Non-Financial Transaction at other Bank ATMs after allowing free transactions as per RBI / NPCI Guidelines.

Financial - 20/-
Non-Financial - 10/-

 

 

 

 

 

 

 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

 

(subjected to a Overall per day limit of Rs.1,00,000/-  for EMV Classic card & Rs.1,50,000/- for Platinum Card)

2.POS  Transactions:    
    A. Classic
    B. Platinum

Rs. 1,00,000/-
Rs. 1.50,000/-

 

3.e-Com  Transactions:
    A. Classic
    B. Platinum

Rs. 30,000/-
Rs. 50,000/-

 

 

 

 

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/-

 

 

(or)

 

 

 

Two days´┐Ż interest @22% p.a. subjected to the above minimum

 

 

 

 

 

4)

LOANS & ADVANCES

 

 

 

 

4.1

Gold loan Processing charge

Subject to a Minimum of Rs.100/-  and Maximum of Rs.2500/-

0.5 %  of the Loan amount

 

 

 

 

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

 

 

 Housing Loans with For General Public

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 above 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

0.5% P.a.

 

 

Borrowers with Good Track

0.25% 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.1,000/- per property.

 

 

 

 

 

 

 

 

4.3

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            :

1.5 % p.a.  of the guaranteed amount with a  minimum of Rs. 1000/-(Subject to other   Bank Charges.)

 

 

 

 

 

 

 

 

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

 

 

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)