MANIPUR RURAL BANK
(A Public Sector Undertaking)
ALL BRANCHES/
ALL DEPTT: AT H.O.
Re: Revision of Service Charges with effect from 01.08.2018
Bank has revised the service charges with effect from 01.08.2018 by superseding earlier circular letter No-MRB/HO/Cir/5/2012-13 /918 Dated 6.12.2012.
Branches are advised to follow the revised rate of service charges with effect from 01.08.2018. The contents of the circular should be brought to the notice of all concerned.
ANY DEVIATION WITHOUT PRIOR APPROVAL FROM HEAD OFFICE WILL BE VIEWED SERIOUSLY.
A copy of the circular should be displayed on the NOTICE BOARD for customers and general public.
Please acknowledge the receipt of this circular.
CHAIRMAN
The Revised rate is inclusive of GST. The current rate of GST is 18.00%.
Note: Amount of GST should be credited separately to A/c No: (Sol ID) 102416108
| For amount (Uniform for all branches) | Charges |
|---|---|
| Up to Rs 5,000/- | Rs 35/- |
| Above Rs.5.000/- up to Rs 10,000/- | Rs 65/- |
| Above Rs 10,000/- up to Rs 1,00,000/- | Rs 130/- |
| Above Rs 1,00,000/- | Rs 240/- |
Note: In all the cases postage and other charges will be realized separately on an actual basis
| Particulars | Charges |
|---|---|
| Local cheques & Bills | Rs.170/- per instrument, other Bank charges extra |
| Outstation Cheques & bills | Rs.220/- per instrument, other Bank charges extra |
Note: Postage and other out of pocket expenses to be realized in full
| Particulars | Charges |
|---|---|
| Return of inward clearing cheques | Individual- Rs 260/- per instrument and Non Individual- Rs.310/- per instrument |
| Return of outstation cheques | Rs 310/-per instrument+ other bank’s charges |
| Return of Outward Clearing cheque | Individual -Rs 260/- per instrument and Non Individual- Rs.310/- per instrument |
Note: In all the cases postage and other bank charges will be taken separately on actual basis
| Sl | Charges | |
|---|---|---|
| 1 | ECS charges: | |
| i)Credit and Debit | No charges | |
| ii) ECS Registration charge | Rs.120/- | |
| iii) Return of Credit ECS | Rs.100/- per instrument | |
| iv) Return of Debit ECS | Rs. 210/- per instrument | |
| 2 | NEFT charges:- | |
| Up to Rs.10000/- | Rs. 3/- | |
| Above 10000/- to Rs. 1.00 lakh | Rs. 6/- | |
| Above Rs.1.00 lakh to Rs. 2.00 lakh | Rs. 20/- | |
| Above Rs.2.00 lakh | Rs. 30/- | |
| 3 | RTGS Charges:- | |
| Rs. 2.00 lakh to Rs. 5.00 lakh | Rs. 30.00/- per transaction | |
| Above Rs. 5.00 lakh | Rs. 60.00/- per transaction | |
| 4 | IMPS / UPI through mobile Banking | |
| Up to Rs. 25000/- | Rs. 6/- | |
| Rs. 25001/- to Rs.1 lakh | Rs.12/- | |
| Above Rs.1 lakh | Rs.20/- | |
| For amount | Charges |
|---|---|
| PAY ORDER/BANKERS CHEQUE- | |
| Up to 10000/- | Rs 50/- per receipt |
| Above Rs 10000/- | Rs 4.50/- per thousand or part thereof Minimum-Rs.70/- Maximum- Rs.17700/- (10% Rebate for senior citizen & student will be allowed, subject to a maximum as stipulated |
| Cancellation of Pay Order/Bankers cheque | Rs.140/- per instrument |
| Duplicate Pay Order/Bankers cheque | Up to Rs.1.00 lakh- Rs.130/- per instrument Above Rs.1.00 lakh – Rs.240/- per instrument |
| Revalidation of Pay Order/bankers cheque | Up to Rs.1.00 lakh- Rs.140/- per instrument Above Rs.1.00 lakh – Rs.240/- per instrument |
| CALL DEPOSIT Receipt | Rs.65/- per instrument |
| Issue of Duplicate Receipt | Rs.120/ per instrument |
| Sl | Particulars | Charges |
|---|---|---|
| 1 | Saving Bank account (Cash deposit) Excluding Financial Inclusion (FI) account | |
| (i) up to 10 packet per day per account | Free | |
| ii)Beyond 10 packet per day per account | Rs.12/- per packet or part thereof and maximum of Rs.10000/- | |
| 2 | CD/CC/OD Accounts (Cash deposit) per day per account | |
| i) up to 10 packet per day per account | Free | |
| ii) Above 10 packet per day per account | Rs. 25/-per packet or part thereof and maximum of Rs.17700/- | |
| Particulars | Rural Branches | Urban/Semi-urban Branches |
|---|---|---|
| Currents Deposit A/c | Rs 1000/- | Rs 2000/- |
| SB a/c with cheque facility | Rs 500/- | Rs 500/- |
| In SB a/c without cheque facility | Rs 100/- | Rs 200/- |
| Basic Saving Bank A/c (No-Frill a/c) | Rs 10/- | Rs 10/- |
| Particulars | Rural Branches | Urban/Semi-urban Branches |
|---|---|---|
| Minimum balance in CD a/c | Rs 1000/- | Rs 2000/- |
| Minimum balance in SB a/c with Cheque book facility | Rs 500/- | Rs 500/- |
| Minimum balance in SB a/c without Cheque book facility | Rs 100/- | Rs 200/- |
| Particulars | Printing stationary Charges |
|---|---|
| MICR Cheque in SB/ a/c (one cheque book of 20 leaves free in a calendar year) | Individual- Rs 3.50/- per Cheque leaf Non-Individual- Rs.4.00/- per cheque leaf |
| MICR Cheque in CD/CC/OD a/c (No free cheque book) | Individual- Rs 3.50/- per Cheque leaf Non-Individual- Rs.4.00/- per cheque leaf |
| Particulars | Printing stationary Charges |
|---|---|
| SB a/c | Rs 120/- per instruction, for multiple cheques- Max-300/- Non-Individual- Rs.4.00/- per cheque leaf |
| CD/CC/OD a/c | Rs 170/- per instruction for multiple cheques- Max-530/- |
| Sl no | Particulars | Charges |
|---|---|---|
| 1 | Addition /Deletion of name (other than death of A/c holder) Non-Individual- Rs.4.00/- per cheque leaf | Rs. 150/- per occasion (no charge for closure due to death of the depositor) |
| 2 | Closure of SB a/c within 12 months of opening | Rs. 260/- (with cheque book) |
| 3 | Closure of SB a/c within 12 months of opening | Rs. 160/- (without cheque book) |
| 4 | Closure of CD a/c within 12 months of opening | Rs. 360/- (Individual) |
| 5 | Closure of CD a/c within 12 months of opening | Rs. 600/- (Others) |
| 6 | Closure of RD a/c within 3 months of opening | Rs. 40/- |
| 7 | Change of operational Instruction | Rs. 120/- per occasion |
| 8 | Limit of number of withdrawals in SB A/c – 50 (fifty) numbers in a calendar ½ year | Rs.15/- per entry in excess of 50 per calendar half year |
| 9 | Change in Registered Nominee | Rs. 60/- per occasion |
| 10 | Operation of account through power of Attorney/ Mandate | SB – Rs.120/- CC/OD/CD- Rs. 280/- |
| a) SB a/c with cheque book facility | Rs. 74/- per occasion |
| b) SB a/c without cheque book facility | Rs. 74/- per occasion (urban & semi urban) and Rs. 44/- for Rural branch |
| c) CD a/c | Rs 260/- per occasion |
| 13 | Loss of Token | Rs. 140/- per occasion |
| 14 | Attestation/Verification of Customers’ Signature/Photograph | Rs 170/- per occasion |
| 15 | CIBIL & CERSAI charges | i) Individual Rs. 60/- for each search ii) For commercial-Rs. 940/-each search |
| Particulars | Charges |
|---|---|
| i) Saving Bank- With latest balance | Rs 120/- per Pass Book / Statement |
| ii) Saving Bank- With multiple entries | Rs 120/- + additional Rs.120/- per ledger folio (40 entries or part thereof will be treated as a folio) |
| iii) CD- statement | Free – One statement of account per month. For Duplicate or Additional statement Rs.50/- per folio or part thereof. |
| Particulars | Charges |
|---|---|
| Savings A/c (40 entries or part thereof be treated as one ledger folio) | (i) Individual – Nil. (ii) Non Individual – Rs. 35/- per folio, no free folio |
| CD/CC/OD (40 entries or part thereof be treated as one ledger folio) | (i) Individual – Rs. 90/- per folio (ii) Non Individual-Rs.220/- per folio, Maximum- Rs.1180/- per quarter, no free folio |
| Particulars | Charges |
|---|---|
| i) Involving credit to another account of the same customer (including payment of Lockers Rent) within the same branch | Nil |
| ii) In all other cases | Rs. 140/- per registration |
| Rs. 310/- per lakh | Minimum- Rs. 1420/- Maximum- Rs. 29500/- |
| Particulars | Charges |
|---|---|
| i) Accounts maintaining stipulated minimum balance | Rs. 60/- per half year. |
| ii) Accounts not maintaining stipulated minimum balance | Rs 60/- per half year. |
| iii) If the balance falls below Rs 60/- | Entire amount |
Note1 : If balance falls below Rs. 60/-, the entire balance is to be appropriated towards service charge and service tax and the account be closed under intimation account holder.
Note2 : All accounts which are dormant for a period of 2 years or more are to be treated as inoperative irrespective of whether such accounts have been transferred to an in-operative ledger or not and charges at the above rate to be realized.
| Sl | Particulars | Charges |
|---|---|---|
| 1 | 3 to 12 months old | Rs. 120.00 per item |
| 2 | Above 12 months up to 3 years | Rs. 170.00 per item |
| 3 | Above 3 years up to 7 years | Rs. 300.00 per item |
| 4 | Above 7 years | Rs. 410.00 per item |
| Sl | Particulars | Charges |
|---|---|---|
| 1 | SMS Alert- All financial transactions resulting in Debit/Credit in the account of SB,CD,CC, OD | Rs. 12/- per half year |
| 2 | ATM Charges | |
| i) Issuance of primary card | Free | |
| ii) Issuance of add on card (in case of joint account holders) | Rs. 150/- | |
| iii) Annual charges for primary & add on cards | Rs. 150/- | |
| iv) Duplicate Card (in case of lost damage cards | Rs. 150/- | |
| v) Duplicate Pin issuance | Rs. 60/- | |
| RULES FOR ATM OPERATIONS: | ||
| i) Cash withdrawal from UBI ATM | No limit & No Charges | |
| ii) Transaction from other Bank ATM: | ||
| a) 3 (three) per month | FREE of charge | |
| b) Above 3 transaction (for financial transaction) | Rs. 25/-per transaction | |
| c) Above 3 transaction (for non-financial transaction) | Rs. 12/- per transaction | |
| Transaction declined due to insufficient balance | Rs. 25/- | |
PART-II (SERVICE CHARGES ON LOANS AND ADVANCES)
| Particulars | Charges |
|---|---|
| (i)Fresh Working Capital Limit | Priority & Non Priority Sector |
| Up to Rs 50000/- For Priority Sector | Nil |
| a) Up to Rs 25000/- For Non Priority Sector (NPS) | Rs. 200/- |
| b) Above Rs 25000/- up to 2 Lakh | Rs. 300/- |
| c) Above Rs.2 Lakh | Rs. 370 /- per Lac or part thereof |
| d) Renewal of Working Capital | 75% of Normal charges subject to maximum Rs 6.25 Lakh |
| (ii)Term Loan (to be realized at the time of sanction): | PRIORITY SECTOR |
| a) Up to Rs. 25000/- For Priority Sector | Nil |
| b) Above Rs. 25000/- up to Rs. 10.00 crore | 1.18% of loan amount |
| Note: Processing Fee shall not be charged in case of SHISHU Category of loans up to Rs. 50000/- under PMMY. | |
| (iii)Term Loan | NON-PRIORITY SECTOR |
| a) Up to Rs. 25000/- For Non Priority Sector (NPS) | Rs. 200/- |
| b) Above Rs. 25000/- up to Rs. 10.00 crore | 1.18% of loan amount |
| (iv) Processing charges in case of enhancement of working capital limit – Priority & non priority Sector | Upto Rs. 2.00 lakh-NIL Above Rs. 2.00 lakh to Rs. 5.00 lakh or part thereof- Rs. 370/-per lakh Above Rs. 5.00 lakh & part thereof-Rs. 420/- per lakh- Maximum-Rs. 42.07 lakh |
| (v) Renewal charges working capital limit (without enhancement)- Priority & non priority Sector | Upto Rs.2.00 lakh-NIL Above Rs. 2.00 lakh to Rs. 5.00 lakh or part thereof- Rs. 370/-per lakh Above Rs. 5.00 lakh & part thereof-Rs. 420/- per lakh- Maximum-Rs. 42.07 lakh |
| Particulars | Charges |
|---|---|
| Up to Rs. 25000/- | Rs. 50/- per inspection |
| Over Rs. 25000 to Rs. 1.00 Lakh | Rs. 170/- per inspection |
| Over Rs. 1.00 Lakh to Rs. 2.00 Lakh | Rs. 240/- per inspection |
| Over Rs. 2.00 Lakh to Rs. 5.00 Lakh | Rs. 360/- per inspection |
| Over Rs. 5.00 Lakh to Rs. 10.00 Lakh | Rs. 1780/- per inspection |
| Over Rs. 10.00 Lakh to Rs. 20.00 Lakh | Rs. 2960/- per inspection |
| Over Rs. 20.00 Lakh to Rs. 50.00 lakh | Rs. 4480/- per inspection |
| Over Rs. 50.00 Lakh to Rs. 2.00 crore | Rs. 8380/- per inspection |
| Over Rs. 2.00 crore | Rs. 17700/- per inspection |
| Outstation Inspection: In addition to the above charges, actual expenses paid by Bank Officials against TA, Haltage etc to be realized | |
| Particulars | Charges |
|---|---|
| Up to Rs. 10 Lakh | Rs. 945/- per lakh |
| Above Rs. 10 Lakh to Rs. 5.00 crore | Rs. 17700/- |
Note: Where Mortgage charges are realized, Documentation charges are not to be realized
Note: Lawyer’s /valuer’s fees and cost of stamps etc to be realized additionally on actual basis.
| Particulars | Charges |
|---|---|
| (i) Term Loan All the existing and future borrowal accounts with overall credit limit of Rs.1.00 crore and above | 0.59% per annum (pa) on the balance of Term Loan remaining undrawn vis-à-vis the draw down schedule for more than 90 days. To be realized at the end of each quarter (June, Sept, Dec, Mar) |
| (ii) Working Capital (Both Fund & Non-Fund Based) All the existing and future borrowal accounts with an overall credit limit of Rs.1.00 crore and above | (a) 0.59% per annum on the undrawn part, if average utilization during a quarter is below 80% and up-to 60% of both fund & non fund based overall working capital limit. To be realized at the end of each quarter (June, Sept, Dec, Mar) (b) 0.89% per annum on the un-availed portion, if average utilization during a quarter is below 60% of both fund & non-fund based overall working capital limit. To be realized at the end of each quarter (June, Sept, Dec, Mar) |
| Particulars | Charges |
|---|---|
| (except floating rate term loan of Individual borrower and Retail credit) | (a )Upto Rs. 10.00 lakh- NIL (b) Above Rs. 10.00 lakh- if loan is taken over, prepayment charges @ 1.18% to be realized To be realized at the end of each quarter (June, Sept, Dec, Mar) |
| Particulars | Charges |
|---|---|
| (copies if sought by the customer) | Charges for copy of documents for submission to any authority – Actual photocopying charges + Rs.1180/- |
| 7. Providing credit report at the request of client | Rs.1180/- per occasion |
| Particulars | Charges |
|---|---|
| (copies if sought by the customer) | Charges for copy of documents for submission to any authority – Actual photocopying charges + Rs.1180/- |
| 7. Providing credit report at the request of client | Rs.1180/- per occasion |
| Particulars | Commission |
|---|---|
| Up to Rs. 25 Lakh | @3.0% p.a. + Handling Charges of Rs. 300/- |
Note:
i) minimum Bank Guarantee Commission is Rs. 500/-
ii) For bank Guarantee with 100% cash margin, the commission will be @25% of the applicable Charges as mention above.
All concerned are advised to note the changes in the above-referred service charges and give effect from 01.08.2018 with immediate displaying the changes in the notice Board.
PART- III: Concessions for Staff Members (Existing & retired)
(a) No Service Charge should be levied on transactions conducted by our staff members.
(b) No Service Charge should be levied on transactions conducted by staff members retired on superannuation.
(c) Minimum balance maintenance criterion not applicable.
Note: All out-of-pocket expenses are to be recovered.
CHAIRMAN
IMPORTANT: In order to sensitize the customer, a notice containing the following message should be displayed at a prominent place on the branch premises:
NOTICE:
WE MAKE CASH PAYMENTS TO THE ACCOUNT HOLDER AGAINST CHEQUES DRAWN ON OTHER BRANCHES (INTERSOL) OF THE BANK FOR AN AMOUNT UP TO RS. 50, 000/-. PAYMENT OF ALL SUCH CHEQUES FOR AN AMOUNT ABOVE RS. 10,000/- IS SUBJECT TO PRODUCTION OF PAN CARD / PHOTO IDENTITY CARD PROOF BY THE ACCOUNT HOLDER
BRANCH MANAGER