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

1. COLLECTION OF OUTSTATION CHEQUES/BILL:

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

2. Handling/Collection charges for bills & Cheques returned Unpaid

ParticularsCharges
Local cheques & BillsRs.170/- per instrument, other Bank charges extra
Outstation Cheques & billsRs.220/- per instrument, other Bank charges extra

Note: Postage and other out of pocket expenses to be realized in full

3. Cheque Return Charges

ParticularsCharges
Return of inward clearing chequesIndividual- Rs 260/- per instrument and Non Individual- Rs.310/- per instrument
Return of outstation chequesRs 310/-per instrument+ other bank’s charges
Return of Outward Clearing chequeIndividual -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

4. ECS/NEFT/RTGS CHARGES

Sl Charges
1ECS charges:
i)Credit and DebitNo charges
ii) ECS Registration chargeRs.120/-
iii) Return of Credit ECSRs.100/- per instrument
iv) Return of Debit ECSRs. 210/- per instrument
2NEFT charges:-
Up to Rs.10000/-Rs. 3/-
Above 10000/- to Rs. 1.00 lakhRs. 6/-
Above Rs.1.00 lakh to Rs. 2.00 lakhRs. 20/-
Above Rs.2.00 lakhRs. 30/-
3RTGS Charges:-
Rs. 2.00 lakh to Rs. 5.00 lakhRs. 30.00/- per transaction
Above Rs. 5.00 lakhRs. 60.00/- per transaction
4IMPS / UPI through mobile Banking
Up to Rs. 25000/-Rs. 6/-
Rs. 25001/- to Rs.1 lakhRs.12/-
Above Rs.1 lakhRs.20/-

5. ISSUE OF BANKERS CHEQUE/PAY ORDER/ DEPOSIT AT CALL:

For amountCharges
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 chequeRs.140/- per instrument
Duplicate Pay Order/Bankers chequeUp to Rs.1.00 lakh- Rs.130/- per instrument

Above Rs.1.00 lakh – Rs.240/- per instrument
Revalidation of Pay Order/bankers chequeUp to Rs.1.00 lakh- Rs.140/- per instrument

Above Rs.1.00 lakh – Rs.240/- per instrument
CALL DEPOSIT ReceiptRs.65/- per instrument
Issue of Duplicate ReceiptRs.120/ per instrument

6. CASH HANDLING CHARGES

SlParticularsCharges
1Saving Bank account (Cash deposit) Excluding Financial Inclusion (FI) account
(i) up to 10 packet per day per accountFree
ii)Beyond 10 packet per day per accountRs.12/- per packet or part thereof and maximum of Rs.10000/-
2CD/CC/OD Accounts (Cash deposit) per day per account
i) up to 10 packet per day per accountFree
ii) Above 10 packet per day per accountRs. 25/-per packet or part thereof and maximum of Rs.17700/-

7. Minimum Initial Deposit for Opening of New A/c:

ParticularsRural BranchesUrban/Semi-urban Branches
Currents Deposit A/cRs 1000/-Rs 2000/-
SB a/c with cheque facilityRs 500/-Rs 500/-
In SB a/c without cheque facilityRs 100/-Rs 200/-
Basic Saving Bank A/c (No-Frill a/c)Rs 10/-Rs 10/-

8. Minimum Balance in SB and CD A/c:

ParticularsRural BranchesUrban/Semi-urban Branches
Minimum balance in CD a/cRs 1000/-Rs 2000/-
Minimum balance in SB a/c with Cheque book facilityRs 500/-Rs 500/-
Minimum balance in SB a/c without Cheque book facilityRs 100/-Rs 200/-

9. Cheque Book Charges:

ParticularsPrinting 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

10. Stop Payment Instruction:

ParticularsPrinting stationary Charges
SB a/cRs 120/- per instruction, for multiple cheques- Max-300/-
Non-Individual- Rs.4.00/- per cheque leaf
CD/CC/OD a/cRs 170/- per instruction for multiple cheques- Max-530/-

11. MISCELLANEOUS:

Sl noParticularsCharges
1Addition /Deletion of name (other than death of A/c holder) Non-Individual- Rs.4.00/- per cheque leafRs. 150/- per occasion (no charge for closure due to death of the depositor)
2Closure of SB a/c within 12 months of openingRs. 260/- (with cheque book)
3Closure of SB a/c within 12 months of openingRs. 160/- (without cheque book)
4Closure of CD a/c within 12 months of openingRs. 360/- (Individual)
5Closure of CD a/c within 12 months of openingRs. 600/- (Others)
6Closure of RD a/c within 3 months of openingRs. 40/-
7Change of operational InstructionRs. 120/- per occasion
8Limit of number of withdrawals in SB A/c – 50 (fifty) numbers in a calendar ½ yearRs.15/- per entry in excess of 50 per calendar half year
9Change in Registered NomineeRs. 60/- per occasion
10Operation of account through power of Attorney/ MandateSB – Rs.120/-
CC/OD/CD- Rs. 280/-

12. FALL OF MINIMUM BALANCE

a) SB a/c with cheque book facilityRs. 74/- per occasion
b) SB a/c without cheque book facilityRs. 74/- per occasion (urban & semi urban) and Rs. 44/- for Rural branch
c) CD a/cRs 260/- per occasion

13Loss of TokenRs. 140/- per occasion
14Attestation/Verification of Customers’ Signature/PhotographRs 170/- per occasion
15CIBIL & CERSAI chargesi) Individual Rs. 60/- for each search

ii) For commercial-Rs. 940/-each search

16. Duplicate Statement /Duplicate Pass Book Issue Charges:

ParticularsCharges
i) Saving Bank- With latest balanceRs 120/- per Pass Book / Statement
ii) Saving Bank- With multiple entriesRs 120/- + additional Rs.120/- per ledger folio (40 entries or part thereof will be treated as a folio)
iii) CD- statementFree – One statement of account per month. For Duplicate or Additional statement Rs.50/- per folio or part thereof.

17. LEDGER FOLIO CHARGES FOR SB/CD/CC/OD ACCOUNTS

ParticularsCharges
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

18. STANDING INSTRUCTIONS (SI):

ParticularsCharges
i) Involving credit to another account of the same customer (including payment of Lockers Rent) within the same branchNil
ii) In all other casesRs. 140/- per registration

19. ISSUANCE OF SOLVENCY CERTIFICATE:

Rs. 310/- per lakhMinimum- Rs. 1420/-

Maximum- Rs. 29500/-

20. INCIDENTAL CHARGES FOR IN-OPERATIVE A/C:

ParticularsCharges
i) Accounts maintaining stipulated minimum balanceRs. 60/- per half year.
ii) Accounts not maintaining stipulated minimum balanceRs 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.

21. Enquiry Related to Old Records:

SlParticularsCharges
13 to 12 months oldRs. 120.00 per item
2Above 12 months up to 3 yearsRs. 170.00 per item
3Above 3 years up to 7 yearsRs. 300.00 per item
4Above 7 yearsRs. 410.00 per item

22. SMS ALERT/ATM CHARGES:

SlParticularsCharges
1SMS Alert- All financial transactions resulting in Debit/Credit in the account of SB,CD,CC, ODRs. 12/- per half year
2ATM Charges
i) Issuance of primary cardFree
ii) Issuance of add on card (in case of joint account holders)Rs. 150/-
iii) Annual charges for primary & add on cardsRs. 150/-
iv) Duplicate Card (in case of lost damage cardsRs. 150/-
v) Duplicate Pin issuanceRs. 60/-
RULES FOR ATM OPERATIONS:
i) Cash withdrawal from UBI ATMNo limit & No Charges
ii) Transaction from other Bank ATM:
a) 3 (three) per monthFREE 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 balanceRs. 25/-

PART-II (SERVICE CHARGES ON LOANS AND ADVANCES)

1. PROCESSING CHARGE of Loan & Advances:

ParticularsCharges
(i)Fresh Working Capital LimitPriority & Non Priority Sector
Up to Rs 50000/- For Priority SectorNil
a) Up to Rs 25000/- For Non Priority Sector (NPS)Rs. 200/-
b) Above Rs 25000/- up to 2 LakhRs. 300/-
c) Above Rs.2 LakhRs. 370 /- per Lac or part thereof
d) Renewal of Working Capital75% 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 SectorNil
b) Above Rs. 25000/- up to Rs. 10.00 crore1.18% 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 crore1.18% of loan amount
(iv) Processing charges in case of enhancement of working capital limit – Priority & non priority SectorUpto 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 SectorUpto 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

2. SUPERVISION/INSPECTION CHARGES:

ParticularsCharges
Up to Rs. 25000/-Rs. 50/- per inspection
Over Rs. 25000 to Rs. 1.00 LakhRs. 170/- per inspection
Over Rs. 1.00 Lakh to Rs. 2.00 LakhRs. 240/- per inspection
Over Rs. 2.00 Lakh to Rs. 5.00 LakhRs. 360/- per inspection
Over Rs. 5.00 Lakh to Rs. 10.00 LakhRs. 1780/- per inspection
Over Rs. 10.00 Lakh to Rs. 20.00 LakhRs. 2960/- per inspection
Over Rs. 20.00 Lakh to Rs. 50.00 lakhRs. 4480/- per inspection
Over Rs. 50.00 Lakh to Rs. 2.00 croreRs. 8380/- per inspection
Over Rs. 2.00 croreRs. 17700/- per inspection
Outstation Inspection: In addition to the above charges, actual expenses paid by Bank Officials against TA, Haltage etc to be realized

3. MORTGAGE CHARGES:

ParticularsCharges
Up to Rs. 10 LakhRs. 945/- per lakh
Above Rs. 10 Lakh to Rs. 5.00 croreRs. 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.

4. COMMITMENT CHARGES:

ParticularsCharges
(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)

5. Prepayment of Term Loan:

ParticularsCharges
(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)

6. Charges for giving copies of documents:

ParticularsCharges
(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 clientRs.1180/- per occasion

8. Bank Guarantee (Financial Guarantee):

ParticularsCommission
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 transaction conducted by our staff members.

(b) No Service Charge should be levied on transaction conducted by staff members retired on superannuation.

(c) Minimum balance maintenance criterion not applicable.

Note: All out of pocket expenses to be recovered.

CHAIRMAN

IMPORTANT: In order to sensitize the customer, a notice containing the following message should be displayed at a prominent place in the branch premises:

NOTICE:

WE MAKE CASH PAYMENT TO THE ACCOUNT HOLDER AGAINST CHEQUES DRAWN ON OTHER BRANCHES (INTERSOL) OF THE BANK FOR AN AMOUNT UPTO 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