Rates and Charges
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES W.E.F 01.01.2024 Download
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | SCR200 |
| Minimum Balance Required to open account with cheques book facility | SCR500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | SCR500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | SCR500 |
| Lost/ Replacement of Bank Card. | SCR100 |
|
Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) |
SCR50 p.m |
|
Maintenance of Dormant a/c* (*When account is not operated for -2- years) |
No charge |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages SCR175, 100 pages SCR250 |
| Closing Charges | NIL |
| Duplicate statement | SCR10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | SCR5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages SCR175, 100 pages SCR275 |
| Cheque returned for insufficient funds | SCR500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
| Maintenance of Dormant a/c* (*When account is not operated for-1- year) | Nil |
| Stop payment of cheque (per leaf) | SCR100 |
| Automated transfers | FREE |
| Balances below R5000 | SCR100 p.m |
| Maintenance fee(half yearly) | SCR100 |
| Ledger Fee (only for SCR accounts) | SCR 2 Per entry |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | SCR20 per page |
Foreign Currency Current Account
| Minimum Balance Required to open Foreign currency account | |
| a) For salary A/c | Equivalent to USD 25 |
| b) For others | Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | No charge |
| Foreign currency account maintenance | Non-Individuals (Per month) |
| USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively | |
| Individuals (Per month) | |
| USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively | |
|
Transfer within branch -Same Customer -Other Customer Through online Mode |
No charge SCR 10 Free |
| Cash withdrawal | No charge |
| Cash deposit | No charge |
| Local cheque collection | USD5 |
| Cheque book 50pages(Current Account)) | USD15 |
Fund Transfers
|
Local Payments |
|
|
Fund transfer through SEFT (Manual / Over the counter) |
SCR 20 |
|
Fund transfer through SWIFT (for any amount) |
SCR 75 |
|
Banker's cheques |
SCR 50 |
|
Foreign Payments |
|
|
SWIFT/ TT ( in case currency/country differs) |
0.25% of amount transferred |
|
Min-SCR 150 - Max of SCR 750 plus |
|
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applicable correspondent Bank Charges |
|
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Transfer to India in INR through Rapid Funds to India ( against ) USD/EUR/GBP) Upto SCR 50000 More than SCR 50000 |
SCR 60 (Only through branch) SCR 75 (Through Branch) SCR 60 (Online Mode) SCR 90 (Only through Branch) Free Remittance in case both the remitter and beneficiary have an account with Bank of Baroda |
|
Inward Swift |
Free* (*Correspondent charges may apply on actual basis) |
|
Foreign Drafts |
SCR400 |
|
Cancellation / Revalidation of draft |
SCR100 |
Standing Orders
|
Current a/c & Savings a/c(Internal transfer) |
No Charges |
|
Current a/c & Savings a/c(External payment) EFT |
SCR20/- |
|
Current a/c & Savings a/c(Exter. payment) SWIFT |
SCR75/- |
|
New standing order set up for external remittance.(One time) |
SCR25 |
|
Unpaid due to insufficient funds |
SCR 100 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months at Pro Rata basis |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Transferring of LC | No charge |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client's request | SCR125 |
Documentary Credits (Outwards)
|
Notification |
No charge |
|
Acceptance |
0.50%minUSD40 |
|
Confirmation |
No charge |
|
Negotiation |
0.50%minUSD40 |
|
Opening/ Transferring |
2%p.q minSCR400 |
|
Drawing/verification of documentation |
SCR100 |
|
Amendment |
2% of increased amount, min. SCR250. |
|
Shipping guarantee |
SCR500 |
|
Telex/ Fax/ Swift sent at client's request |
SCR125 |
Loan and Advances Fees
|
Business O/D & loans - fresh |
1% min SCR300 |
|
Business O/D & loans – Renewal |
1% min SCR300 max SCR50000 |
|
Commitment Charges on O/D |
1% p.a. of Undrawn amount (Applicable if quarterly average utilisation of limit is less than 60% of sactioned Limit) Applicable Quarterly |
|
Processing Charge for adhoc/Excess |
2% of the amount sanctioned |
|
Personal loan -On Sanction |
1% MinSCR400 MaxSCR1000 |
|
Home loan: upto SCR 1.5 Mn |
SCR 2500 For first home acquirer and 0.25% for others |
|
Above SCR 1.5 Mn |
0.50% of loan amount |
|
Car loan - On sanction |
1% MinSCR300 |
|
Review/Renewal |
SCR100 |
|
Loan against SCR denominated FDR |
SCR 500 for loan upto SCR 1 Mn |
|
SCR 1000 for loan above SCR1 Mn |
|
|
Loan/OD against Foreign currency FDR (Fresh) |
0.25% of Loan amount with Min SCR500 |
|
OD against Foreign currency FDR (Review) |
1000 SCR |
|
C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement |
For Loan upto SCR 1 Mn : SCR1500 |
|
For loan above SCR 1 Mn : SCR5000 |
|
|
Detail of loan repayment |
No charge |
|
Pre-mature closure |
No charge |
|
Part-repayment (require rescheduling) |
No charge |
|
Prepayment charge: Loan in SCR currency Loan in Fgn currency |
NIL 2% on prepayment amount |
|
Overdue penal interest |
2%p.a on overdue amount |
|
Legal Fee(as charged by the lawyers) |
Actual |
|
Loan - cancellation of agreement (pre-disbursement) |
SCR500 |
|
Loan Eligibility Letter |
SCR300 |
|
No Dues / no commitment Letter |
SCR 100 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1% p.a Min R500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | SCR200 |
| Courier Charges | Actual |
Miscellaneous
| Bank audit report to company's auditors | Balance confirmation only-SCR100, with other detailsR200 |
| Status report for customers | SCR100 |
| Safe custody / Locker | Small – SCR1200 p.a. Medium- SCR2000 p.a., Large – SCR3000 p.a. |
| Loss of wallet/ key | SCR5000 plus actual labour charges | Attestation of documents | SCR100 per document |
| Foreign currency Fixed Deposit Premature Closure | No Interest Payable on premature closure of Foreign Currency Fixed Deposit. Penalty Fee: Penalty of 1% of Deposit Amout per annum calculated on the period between the pretermination date and maturity date. |
| Monthly Statement over Email | Free |
| SMS Alerts | Free |
Internet Banking Facilities
| Transaction based | Free of cost |
Debit card
| First card issuance | Free |
| Regeneration of PIN | Free |
| Reissuance of lost card | SCR150 |
Abbreviations
|
p.m - Per Month a/c - Account max - Maximum LC - Letter of Credit p.a - Per Annum Fgn - foreign |
PLR---9.25% W.E.F. 01-10-2021 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4673914,4673915,4673901 |