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Service Charges & Fees
 
 
 bulate Deposit Account

Nature Rate of interest(%) Minimum Balance
(In Rupees)
  Normal Senior Citizen Rural Semi Urban Urban
Account          
1 Savings Bank Account          
A Domestic          
a With cheque book facility 4.00 4.00 250 250 500
b Without cheque book facility 4.00 4.00 100 250 250
c No Frills Account 4.00 4.00 5 5 5
B Non Resident          
a NRO 4.00 4.00 250 250 500
b NRE 4.00 4.00 250 250 500
 
 bulateInterest Rates on Domestic Term Deposits w.e.f., 03.08.2015

Rates of Interest on Domestic Term Deposits have been revised with effect from 03.08.2015. With this revision, the interest rates offered on domestic term deposits for various periods are as under


Sr.
No.

Maturity Period

Rates of interest (%) per annum

Less than 
Rs.1.00 crore

Rs.1.00 Crore to Rs.10.00 Crore 

Above Rs.10 Crore to Rs.50 Crore *

Above Rs.50 Crore to Rs.100 Crore *

Above Rs.100 Crore *

1

7 days to 14 days #

6.25   6.75   6.75   6.75   6.75  

2

15 days to 45 days

6.25   6.75   6.75   6.75   6.75  

3

46 days to 90 days

6.25   7.00   7.00   7.00   7.00  

4

91 days to 179 days

7.60   7.60   7.60   7.60   7.60  

5

6 months to < 9 months

7.60   7.60   7.60   7.60   7.60  

6

9 months to < 1 year

7.80 7.80 7.80 7.80 7.80

7

1 year to 2 years

8.25 7.80 7.80 7.80 7.80

8

Above 2 years to 3 years

8.25   7.80   7.80   7.80   7.80  

9

Above 3 years to 10 years

8.00   7.80   7.80   7.80   7.80  

 
# For deposits up to and inclusive of Rs.1.00 Lac and above.
 
* For Deposits of above Rs.10.00 Crore, branches should obtain permission from General Manager, Corporate Planning Department, Head Office before quoting and accepting the Deposit.
 
For Senior Citizens, the rate of interest is 0.50% higher for all maturity periods. Existing / Retired Staff are eligible for additional rate of interest as per rules.
 
 NRE ACCOUNTS With effect from 03.08.2015

Rates of interest on NRE term deposits have been revised with effect from 03.08.2015 With this revision, the interest rates offered on NRE term deposits for different maturity periods are as under

Period Rate of Interest (%) p.a.
  Less than Rs.1 Crore Rs.1 Crore to Rs.10 Crore
1 year to 2 Years 8.25 7.80
Above 2 Years - up to 3 years 8.25 7.80
Above 3 Years- up to 10 years 8.00 7.80
The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 03.08.2015

*For Deposits of above Rs. 10.00 Crore branches should obtain permission from General Manager, Corporate Planning Department, Head Office before accepting the Deposit. · Senior Citizen and Staff Rate of interests are not applicable for NRE/NRO Deposits.
 

 FCNR(B) Deposits : Interest Rates w.e.f., August 01, 2015
 
 The revised interest rates on FCNR [B] Deposits with effect from August 01, 2015 are as under:
Currency 1 Year & above but less than 2 Years 2 Years & above but less than 3 Years 3 Years & above but less than 4 Years 4 Years & above but less than 5 Years 5 years
  New Existing New Existing New Existing New Existing New Existing
USD 1.59 [1.51] 1.97 [1.90] 3.31 [3.26] 3.56 [3.54] 3.77 [3.78]
GBP 1.76 [1.74] 2.16 [2.13] 3.43 [3.39] 3.62 [3.58] 3.74 [3.72]
EUR 1.06 [1.08] 1.10 [1.12] 2.20 [2.24] 2.29 [2.37] 2.42 [2.52]
AUD 3.08 [3.13] 3.10 [3.22] 4.20 [4.35] 4.45 [4.62] 4.60 [4.79]

[Figures in brackets denote previous month interest rates]


 
The above interest rates on FCNR (B) Deposits are applicable only to the fresh and renewed deposits from August 01, 2015.
 
bulate Base Rate @ 10.00% p.a.   Andhra Bank's Base Rate has been decreased by 25 basis points i.e. from 10.25 % p.a. to 10.00% p.a. w.e.f. 11.06.2015.
 
bulate    Andhra Bank's BMPLR (Bench Mark Prime Lending Rate) has been decreased by 25 basis points from 14.50% to 14.25 % p.a. with effect from 11.06.2015. 
 
   BMPLR @ 14.25% p.a.
 
 
 bulateRevision in certain Service Charges/ other charges on advances (w.e.f. 27-06-2015)

Our Bank has been levying service charges on certain services from borrowers towards the credit facilities/services availed by them from the Bank.The revised Service Charges to be collected are furnished hereunder:

 

S No Service Existing Revised
(1) (2) (3) (4)
1 Lead Bank Charges on assessed working capital limits and Fresh TLs 0.20% - Max of Rs. 5 lac. 0.25% - Max of Rs. 50 lac
2 Unit Inspection Charges Nil Up to exposure of Rs. 5 lac – Rs. 150 per quarter
More than Rs. 5 lac up to Rs. 50 lac – Rs. 500 per quarter
More than Rs. 50 lac up to Rs. 2 cr. – Rs. 1,000 per quarter
More than Rs. 2 cr up to Rs. 5 cr – Rs. 2,500 per quarter
More than Rs. 5 cr – Rs. 4,000 per quarter
3 Mortgage Charges Nil Up to Rs. 10 lac – Rs. 5,000
More than Rs. 10 lac up to Rs. 1 cr – Rs. 10,000
More than Rs. 1 cr up to Rs. 5 cr – Rs. 20,000
More than Rs. 5 cr up to Rs. 25 cr – Rs. 50,000
More than Rs. 25 cr up to Rs. 50 cr – Rs. 1 lac
More than Rs. 50 cr up to Rs. 100 cr – Rs. 2 lac
More than Rs. 100 cr – Rs. 5 lac
4 Modification in sanction terms and conditions (for each reference) Nil 0.05% of the limit – Minimum Rs. 3,000 Maximum Rs. 2 lac
5 NOC Charges Nil For ceding pari-passu charges – Rs. 50,000 per reference
For other NOCs- More than Rs. 1 cr – Rs. 10,000 per reference
6 Substitution of Collateral Security / Personal Guarantee Nil 0.02% of the limit with minimum of Rs. 2,000 and maximum of Rs. 50,000
7 Release of Personal Guarantee / Collateral Security Nil 0.03% of the limit with minimum of Rs. 5,000 and maximum of Rs. 1 lac
8 Revalidation of lapsed sanctions Nil 0.25% of the limits subject to a maximum of Rs. 10 lac
9 Processing Charges Rs. 300 per lac Rs. 400 per lac For BGs against 100% cash margin – 25% of applicable charges
10 Upfront fee 1% of loan amount TL above Rs. 2 lac but upto Rs. 5 cr – 1.30% of loan amount with minimum of Rs. 3,000
More than Rs. 5 cr up to Rs. 25 cr. – 1.10% of loans amount with minimum of Rs. 7 lac
More than Rs. 25 cr – 1% of loans amount with minimum of Rs. 30 lac
11 BG Commission Performance: Rs. 100 +1% p.a. for BG up to 6 months Rs. 100+2% p.a. for BG above 6 months Financial: Rs. 100 +1.5% p.a. for BG up to 6 months Rs. 100+3% p.a. for BG above 6 months Performance:
Rs. 250+1% per BG up to
Rs. 1 cr
Rs. 1,000+2% per BG above Rs. 1 cr
Financial: Rs. 250+1.5% per BG up to
Rs. 1 cr
Rs. 1,000+3% per BG above Rs. 1
cr
12 Import LC Commission Commitment Charges 0.15% per quarter Usance Charges – 0.15% up to 10 days sight 0.30% - More than 10 days up to 3 months sight 0.30% for first 3 months + 0.075% per month in excess of 3 months For LCs up to Rs. 1 cr – Normal charges For LCs above Rs. 1 cr – Applicable charges up to Rs. 1 cr + 50% of applicable charges for the amount above Rs. 1 cr No change
13 Inland Letters of Credit Usance Charges : 0.20% up to 7 days sight 0.40% for More than 7 days up to 3 months sight 0.40% for first 3 months+0.20% per month in excess of 3 months Commitment Charges: 0.20% every 3 months Rs. 300 per LC plus
Commitment+Usance charges:
LC up to Rs. 5 cr – 2.40% p.a.
More than Rs. 5 cr up to Rs. 10 cr
– 2% p.a.
More than Rs. 10 cr – 1.75% p.a.
14 Documentation Charges other than consortium documentation Nil Up to Rs. 50,000 – Nil
More than Rs. 50,000 up to Rs. 2 lac –
Rs. 750
More than Rs. 2 lac up to Rs. 5 lac – Rs. 3,000
More than Rs. 5 lac up to Rs. 20 lac – Rs. 7,500
More than Rs. 20 lac up to Rs. 1 cr – Rs. 15,000
More than Rs. 1 cr up to Rs. 10 cr– Rs. 25,000
More than Rs. 10 cr – Rs. 50,000
15 Earmarking/ Interchangeability of limits Nil 0.01% of the limit with minimum of Rs. 2,000 and maximum of Rs. 50,000
16 Buyers Credit/LOC/SBLC 0.50% per quarter 0.50% per quarter – No maximum ceiling
17 Commitment Charges Working capital : For limits above 1 Cr – Maximum tolerance level of 20% 0.50% p.a (Exclusive of overall ceiling of 2% penal interest) Term Loans : Above Rs 5 Crs – 1% p.a for delay in drawdown schedule beyond one month Working capital :
For limits above 1 Cr – Maximum tolerance level of 20%
0.50% p.a (Exclusive of overall ceiling of 2% penal interest)
Term Loans : Above Rs 5 Crs –
1% p.a for delay in drawdown schedule beyond one month
18 Escrow account maintenance charges nil Rs 1 lac per annum
19 JLF meeting charges when executives visit nil Rs 10000 + Actuals
20 Charges for issuance of solvency certificate Upto 1 lac (networth) – Rs 500 Above 1 lac upto Rs 25 lacs – Rs 1000 Above 25 lacs upto 1 Cr – Rs 2500 Above Rs 1 Cr – Rs 5000 Upto Rs 1 lac -- Rs 1000
Above 1 lac upto 25 lacs – 10000
Above 25 lacs upto 1 cr – 25000
Above 1 Cr -- 50000
21 TUFS handling charges nil 0.1% on eligible amount of loan for subsidy
22 SEFASU proportionate charges nil 0.1% on eligible amount of loan for subsidy
23 Specialized charges for any certificate nil Rs 5000 per certificate for corporate borrowers
24 TL annual review charges nil Rs 50 per lac – Max 5 lacs
25 Unsatisfactory cumulative inflow in our OD/CC A/c nil Working capital:
For limits above 1 Cr – Maximum tolerance level of 20%
0.50% p.a (Exclusive of overall ceiling of 2% penal interest)
26 ROC filing charges nil Rs 1000 per reference

NOTE: The above charges are excluding service tax. All the above Service charges attract Service Tax as applicable. 
 
Concession/Waiver of Service Charges/Other Charges:

1. ZLCC(A)s can consider concession of service charges up to 25% for the accounts rated “A” and above and covered with 100% collateral security.

2. CLCC can consider waiver of charges:
a) up to 50% for the accounts rated “A” and above and covered with 100% collateral security.
b) up to 25% for the accounts not covered under (a) above. 
 
 
 Short term production loans(PAGCC/KCC), in respect of accounts

  For individual borrowers For Corporate & Non-Corporate borrowers
Tobacco under tie up BR BR
All other crops (including Nurseries) BR + 1.75% 
Rating under CRS/CRAS Rating under CRRM Interest rate
A+++ A++ BR+1.50%
A++
A+ A+ BR+1.75%
A A BR+2.00%
B B++ BR+2.00%
C B+ and B BR+2.50%
D C Not acceptable
Agricultural Gold loans BR + 1.75%  Not Applicable
Working capital limits to Poultry/ EMU birds BR + 1.00% 
Rating under CRS/ CRAS Rating under CRRM Interest rate
A+++ A++ BR+0.50 %
A++
A+ A+ BR+0.50 %
A A BR+0.75 %
B B++ BR+1.00%
C B+ and B BR+1.25 %
D C Not acceptable
Fisheries (inland fisheries and prawn culture) BR +1.50% 
Rating under CRS/ CRAS Rating under CRRM Interest rate
A+++ A++ BR+1.50 %
A++
A+ A+ BR+1.75 %
A A BR+1.75 %
B B++ BR+2.00 %
C B+ and B BR+2.50 %
D C Not acceptable
Kisan Sampathi (Produce Marketing loans)
Loans up to Rs.5.00 lac
Loans above Rs. 5.00 lac up to Rs.10.00 lac
Loans above Rs. 10.00 lac up to Rs.25.00 lac
BR  p.a.
BR+0.50
BR+1.50
BR  p.a.
BR+0.50
BR+1.50
Self Help Groups (cash credit) Both farm& non farm sector BR+3.25% Not applicable

 
 Investment Credit:

  For individual borrowers

For Corporate & Non-Corporate borrowers

Poultry / EMU birds BR + 1.00%+TP 
Rating under CRS/ CRAS Rating under CRRM Interest rate
A+++ A++ BR+0.50 +0.25tp
A++
A+ A+ BR+0.50 +0.25 tp
A A BR+0.75 +0.25 tp
B B++ BR+1.00 +0.25 tp
C B+ and B BR+1.25 +0.25 tp
D C Not acceptable
Horticulture (including Grape cultivation) & Plantations (coconut, Coffee, Tea, Rubber and mixed crop plantations) All other Ag. term loans: (for land development, Minor irrigation and wherever activity is not specified) Agril. allied activities: Dairy, Sheep & Goat, Sericulture (till cocoon rearing) and all other allied activities (other than Poultry) Fisheries (inland fisheries and prawn culture)   BR +1.50% + TP (0.25%) 
Rating under CRS/CRAS Rating under CRRM Interest rate
A+++ A++ BR+1.50+0.25tp
A++
A+ A+ BR+1.75+0.25tp
A A BR+1.75+0.25tp
B B++ BR+2.00+0.25tp
C B+ and B BR+2.50+0.25tp
D C Not acceptable
Self Help Groups (Term loan) Farm & non farm sector BR + 3.25% +tp 0.25  Not applicable
Kisan tatkal scheme BR+0.50 Not applicable
Farm Mechanisation
Tractors, Power Tillers, Trailors and agril. implements BR +2.75+0.25 tp  BR +2.75+0.25 tp 
Combined Harvesters, Sugarcane Harvesters, and other crop harvesters BR+ 2.00 + TP (0.25%) BR + 2.00 + TP (0.25%)
  For individual borrowers For Corporate & Non-Corporate borrowers
Kisan Chakra Two wheelers:
BR+1.00
Four Wheelers:
BR+0.50 
(term premia @ 0.25% extra,wherever repayment beyond 36 months) 
Not applicable
Others For individual borrowers For Corporate & Non-Corporate borrowers
AB KISAN RAKSHAK (Debt swapping for Farmers) BR + 2.50 + 0.25  Not applicable
Production and Distribution of Seeds BR+2.50+tp(0.25% BR+2.50+tp(0.25%)

 
 Indirect Finance to Agriculture

  For individual borrowers For Corporate & Non-Corporate borrowers
Rural Godowns (construction/ repairs/ outright purchase) (irrespective of the capacity) BR + 0.75 + TP (0.25) 

BR + 0.75 + TP (0.25) 
(not linked to credit rating)

Micro Finance Institutions (MFI) of all categories (VA/ NBFC-MI/ NGO)         Not applicable
Rating under CRS/CRAS Rating under CRRM Interest rate
A+++ A++ BR+1.75+TP
A++
A+ A+ BR+2.00+TP
A A BR+2.25+TP
B B++ BR+2.50+TP
C B+ and B BR+2.75+TP
D C Not acceptable
  For individual borrowers For Corporate & Non-Corporate borrowers
Scheme for financing setting up of Agri Business Clinics/Agri Business centres BR+6.50+tp (0.25%)  BR + 6.50+ tp (0.25%) 
(non- corporate borrowers )
Development/strengthening of Agricultural Marketing infrastructure, grading & standardization (interest to be charged on loan component excluding subsidy portion) BR+0.75+tp (0.25%)  BR + 0.75 + tp (0.25%) 
Dairy Agents for procurement of Milk
Up to Rs.50000 BR+2.75+tp (0.25% Not applicable
Above Rs.50000 up to Rs.3.00 lac BR+4.00+tp (0.25%)  Not applicable
Loans to Sheep Agents:
Up to Rs.50000 BR+2.75+tp (0.25%)  Not applicable
Above Rs.50000 up to Rs.2.00 lac BR+3.50+tp (0.25%)  Not applicable

 
 Loans routed through FSCS/PACS/LAMPS

  Bank to Society Society to Members
Crop Loans and *Agricultural Gold Loans
(For Loans up to and inclusive of Rs.2.00 lac):
   
Whenever Interest Subvention is available 7% p.a. 7% p.a.
Whenever Interest subvention is not available or after due date:

i) Up to Rs.50,000
ii) Above Rs.50,000 upto Rs.2.00 lac
BR p.a.
BR + 0.50% 
BR+1.50
BR+2.75 
Term Loans: BR+2.00+tp(0.25%) BR + 4.00+ tp (0.25%)
CCATL: a) Up to Limit of Rs.50,000/-
b) Above Rs.50,000/- up to Rs.2.00 lac
BR p.a.
BR + 0.75% p.a.
 
BR+1.50
BR+2.75
 

 
 Refinance limits sanctioned to Regional Rural Banks (sponsored by our Bank)

STL (Seasonal Agricultural Operations) BR (Fixed) p.a.
STL (Seasonal Agricultural Operations –District Tribal Plan) BR (Fixed) p.a.
STL (Other than Seasonal Agricultural Operations) BR (Fixed) p.a.
Special Line of credit (clean overdraft BR + 0.25% (floating)

 
 Loans to farmers for purchase of renewable Energy Equipments for Agriculture & Allied activities

Financing Solar Energy based pump set loans BR +0.75+tp 
Solar water Heaters BR +0.75+tp
Solar Home lighting Scheme BR +0.75+tp

 
Under Interest Subvention Scheme : For Pattabhi Agri cards, Agricultural Gold Loans interest rate is 7% pa. upto credit limits of Rs.3.00 lakhs till due date of the loan or date of repayment subject to a maximum period of one year . 
 
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Click here for Notice of Annual General Meeting and Record Date for Payment of Dividend

Waiver of processing charges in Housing Loans, Car Loans, Two wheeler loans, Consumer durables, Clean Loans for the festive season from 25.09.2014 to 31.12.2014

The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing

Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply

AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks cheques are payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer of SB/Current Account group could walk in to any branch of the Bank to deposit money in his/her account maintained at any branch and there will be no charges on this for any amount.

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

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