Service Charges

Service Charges are inclusive of GST @ 18 % except for Bank Guarantee Commission with effective from 6th MAY, 2019

Balance Certificate / Obtaining of status / Confidential Report

  • For Savings Accounts – Rs. 59/-
  • For Other Accounts – Rs. 118/-

Computer Generated Statement of Account

  • For Savings & Current Accounts – Rs. 25/- per page, if pass book has already been issued.

Cash Deposit Charges

For home branch banking

  • Savings Account : Rs. 1.50 per thousand beyond Rs. 10 lacs per month
  • Current Account : Rs. 1.50 per thousand beyond Rs. 50 lacs per month

For ABB (any branch banking)

  • Upto Rs. 50,000/- per day : Nil
  • Above Rs. 50,000/- : Rs. 2.00 per thousand beyond Rs. 50,000/-

Cheque/ECS Related Charges

Cheque Return Charges

  • Inward Clearing / ECS Debit Return – Rs. 177/- per instrument plus @ Re 1/- per Rs. 1000/-(For Savings Accounts – Maximum of Rs. 1000/- & For Current Accounts – Maximum of Rs. 10000/-)

Collection of Outstation Cheques / Bills

  • Savings Accounts – Rs.118/- plus actual postage / courier charges
  • Other Accounts – Rs.236/- plus actual postage / courier charges

Outstation Cheque / Bills Inward Return unpaid

  • Rs.177/- per instrument plus actual postage / courier charges

Outward Clearing / ECS Credit Return / Outstation Cheque / Bills deposited for collection return unpaid

  • Rs.118/- per instrument

Cheque Book Charges

  • Savings Bank Accounts – Four Cheque Books of 15 leaves are free in every accounting year and thereafter Rs. 30/- per cheque book.
  • Current Bank Accounts – One Cheque Book of 30 leaves is free at the time of opening the account and thereafter Rs. 75/- per cheque book.

Issue of Pay Order / At Par Cheques of Axis Bank Ltd.

  • Upto Rs. 10000/- : Rs. 20/-
  • Above Rs. 10000/- : Rs. 20/- plus Rs. 2/- for every Rs. 1,000/- or part thereof over and above Rs. 10,000/- ( Subject to maximum of Rs. 29,500/- )

Interest on Cheque / DD / Pay Order Purchase

  • Rs. 3/- per Rs. 1000/- or part thereof

Loss/Misplace of cheque book

  • For Savings account only – Rs.59/- per cheque book

Non Maintenance of Minimum Balance

Savings Bank Account

  • Minimum Balance – Rs. 500/- (with chequebook) & Rs.250/- (without chequebook)
  • Charges of non-maintenance Minimum Balance – Rs. 30/- per occassion.

Small Savings Account – NIL charges & zero minimum balance.

Current Accounts

  • Minimum Balance – Rs. 2500/-
  • Charges of non-maintenance Minimum Balance – Rs. 118/- per occassion.

Issue of Duplicate Pass Book / Statement

Savings Bank Account

  • Rs. 59/- for pass book with present balance.
  • Rs. 59/- plus Rs. 20/- per page, if previous entries demanded.

Current Accounts

  • Rs. 118/- for pass book with present balance
  • Rs. 118/- plus Rs. 20/- per page, if previous entries demanded.

Premature Closure of Accounts within one year of their opening

  • Savings Bank Account : Rs. 118/-
  • Current Bank Account : Rs. 236/-

Application Form Fee

  • Loan Application – Rs. 100/-
  • Regular Membership Application – Rs.25/-

Balance Certificate / Obtaining of status / Confidential Report

  • For Loan Accounts – Rs. 100/-

Processing Charges

All types of new/fresh Loans & Advances
(Loans against Fixed Deposit/s and Staff Loans are exempted)

  • 1% of loan applied amount (subject to maximum of Rs. 2,36,000/-) to be collected at the time of acceptance of loan application
  • 50% amount of processing charges collected to be refund in case of rejection of the proposal

For renewal of Cash Credit/Over-Draft (Staff Loans are exempted)

  • 0.25 % of renewal of Cash Credit/Overdraft Facility and 1.00 % of additional/adhoc limit applied (Subject to maximum of Rs. 1,18,000/-)

Charges of Equitable / Legal Mortgage

  • Service Charges – Expenses at actual plus Advocate Fee

Bank Guarantee Commission

  • Secured for 25 % margin – 4 % p.a. plus G.S.T.
  • Secured for 50 % margin – 3.50 % p.a. plus G.S.T.
  • Secured for 75 % margin – 3.00 % p.a. plus G.S.T.
  • Fully secured i.e. 100 % – 1.25 % to 2.00% p.a. for fully secured ( As per Head Office Sanction) plus G.S.T. (Guarantee Commission shall be for a block of a Quarter. While calculating the block of Quarters grace period of the Bank Guarantee to be reckoned)
  • Bank Guarantee Commission of Other Banks – Actual charges of other banks plus 50 % of our commission at the above scale.

Service Charges (Loan against Fixed Deposits and Staff Loans are exempted)

(Non Refundable)

  • Upto Rs. 1.00 Lac – Rs.118/-
  • Rs. 1,00,001 to Rs. 5,00,000/- : Rs.276/-
  • Rs. 5,00,001/- to Rs. 25,00,000/- : Rs.590/-
  • Rs. 25,00,001 and above : Rs. 1180/-

(Amount will be collected at the time of acceptance of loan application)

Computer Generated Statement of Account

  • For OD/Cash Credit Accounts – Rs. 25/- per page, if pass book has already been issued.

Issue of Duplicate Pass Book / Statement (OD/CC accounts)

  • Rs. 118/- for pass book with present balance
  • Rs. 118/- plus Rs. 20/- per page, if previous entries demanded.

Cash Deposit Charges

For ABB (any branch banking)

  • Upto Rs. 50,000/- per day : Nil
  • Above Rs. 50,000/- : Rs. 2.00 per thousand beyond Rs. 50,000/-

For home branch

  • Above threshold limit of Rs. 50 Lacs per month : Rs. 1.50 per thousand (OD-GEN / OD-FDR accounts only)

Cheques/ECS Related Charges

Cheque Return Charges

  • Inward Clearing / ECS Debit Return – Rs. 177/- per instrument plus @ Re 1/- per Rs. 1000/-(Maximum of Rs. 10000/-)

Collection of Outstation Cheques / Bills

  • OD/CC accounts : Rs. 236/- plus actual postage / courier charges

Outstation Cheque / Bills Inward Return unpaid

  • Rs.177/- per instrument plus actual postage / courier charges

Outward Clearing / ECS Credit Return / Outstation Cheque / Bills deposited for collection return unpaid

  • Rs.118/- per instrument

Cheque Book Charges

  • Rs. 75/- per cheque book of 30 leaves.

Issue of Pay Order / At Par Cheques of Axis Bank Ltd.

  • Upto Rs. 10000/- : Rs. 20/-
  • Above Rs. 10000/- : Rs. 20/- plus Rs. 2/- for every Rs. 1,000/- or part thereof over and above Rs. 10,000/- ( Subject to maximum of Rs. 29,500/- )

Interest on Cheque / DD / Pay Order Purchase

  • Rs. 3/- per Rs. 1000/- or part thereof

Commitment Charges

  • For non avail of loan within 3 months after sanctioned – 1.00 % p.a. of the sanctioned amount (to be charged on pro-rata basis)
  • Non utilization of sanctioned Cash Credit / Overdraft limit above 50 % –

CIBIL Charges

  • For Individuals – Rs.118/-
  • For Company – Rs.1180/-

Document Handling Charges under Letter of Credit

  • Transactions upto Rs.25 lakhs – Rs.354/- per transaction
  • Transactions above Rs.25 lakhs – Rs.590/- per transaction

Other Charges

  • CERSAI – Rs. 118/- per property
  • Credit Rating Charges ( Applicable for limit above Rs. 50 Lacs ) – Rs.2360/- per quarter
  • ECS Debit Mandate (For credit at our end) – Rs. 59/- per mandate
  • Gold Valuation Charges – Rs. 5/- per gross grams
  • Noting and/or Releasing of Charge of NSC/KVP/LIC – Rs. 177/- per instrument
  • Stock verification charges (Applicable for Cash Credit limit above Rs. 50 Lacs) – Rs. 3,540/- per quarter

Inspection of Unit / Visit Charges

  • Upto 10 km – Rs.236/-
  • 10 km to 50 km – Rs.590/-
  • More than 50 km – Rs. 1180/-

(Actual fare / other charges / out of pocket expenses to be collected separately)

Loan Notice / Reminder(s)

  • Reminder Notice – Rs.59/-
  • Demand Notice (D2) – Rs.118/-
  • Demand Notice (D3) – Rs.236/-
  • Sec.49 Notice – Rs.118/-
  • Final Notice – Rs.354/-
  • Gold Loan Auction Notice – Rs.236/-

(Actual fare / other charges / out of pocket expenses to be collected separately)

Duplicate Charges

  • Issue of Duplicate Fixed Deposit Receipt / Recurring Deposit Account Passbook – Rs. 59/- per receipt/book (Indemnity to be furnished by the Accountholder)

Late Fee on Recurring Deposit

  • Rs. 2.00 per Rs. 1,000/- per month or part thereof.

ATM Transaction Charges

  • All transactions from Abhinav Banks ATM – Free
  • Free transactions limit (both financial & non-financial) – 3 (For Metro) & 5 (For Non-Metro)
  • Above free transactions limit for financial – Rs.23.60 per transaction
  • Above free transactions limit for non-financial – Rs.11.80 per transaction

Debit Card & Pin

  • Issue of New ATM Card – Nil
  • Issue of Duplicate ATM Card – Rs.118/-
  • Issue of Revised PIN. No. – Rs.118/-
  • Annual Fees / Charges – Rs.118/- per annum

E-Payment of Taxes

  • Per Challan – Rs. 118/-

Mobile Banking

  • Charges – Rs. 118/- per annum

Electronic outward charges

  • RTGS/NEFT – NIL

SMS Charges

  • For Savings Account : Rs.24/- per annum
  • Overdraft / Cash Credit / Current Account holders – Rs.72/- per annum

Charges related Shares

  • Share Transfer Fee – Re 1/- per share
  • Change in Nomination for Shares – Rs. 20/- per instance
  • Issuance of Duplicate Share Certificate – Rs. 20/- per share certificate with other legal formalities
  • Nominal Membership Fee – Rs. 100/-

Old records copy

  • Copy of old record in form of vouchers, documents etc. – Rs. 59/- per instrument

Loss of Token

  • Charges – Rs. 236/- per lost token

Locker Rent

  • Locker A – Rs.1,180/- p.a.
  • Locker B – Rs.1,770/- p.a.
  • Locker C – Rs.2,360/- p.a.
  • Locker D – Rs.2,950/- p.a.
  • Extra Large Type – Rs.5,310/- p.a.

(Locker rent for new allottee shall be applicable for available number of months upto year end on pro-rata basis )

Signature Verification / Photo attestation Charges

  • Rs.59/- per occasion

Standing Instruction Charges

  • For all Deposits & Advances Accounts, Lockers, Change in operational instruction (Including lockers, name addition/deletion in joint account and change in nomination) – Rs. 25/- per instruction (At the time of inserting and at the time of change of instruction)

Solvency Certificate

  • Rs. 118/- for a block of Rs. 1.00 Lac (Maximum of Rs.11,800/-)

Cancellation of Demand Draft / Pay Order

  • Service Charges – Rs.59/- per instrument

Remittance in foreign exchange

  • Upto Rs. 1,00,000/- : Rs.295/- per transaction
  • Above Rs. 1,00,000/- : Rs.590/- per transaction