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Service Charges

Service Charges as per format prescribed by Reserve Bank of India
With Effect From 15th May 2007.

Annexure – "A"

Name of the Bank

Allahabad Bank
Savings Bank A/c – No frills A/c  
Minimum Balance Rs.5/-
Charges for non-maintenance thereof Nil
Savings Bank Accounts with Cheque facility  
Minimum Balance General- Rs.500/- Pensioners - Rs.250/-
Charges for non-maintenance thereof Rs.25/- per Month
Savings Bank Accounts without Cheque facility  
Minimum Balance General-Rs.100/- Pensioners Rural Rs.5/-

Other –Rs.20/-
Charges for non-maintenance thereof Rs.20/- per Month
Other Savings Bank Account facilities  
Issue of Duplicate statement Rs.40/- with latest balance
Rs.50/- for previous entry/page
Issue of loose cheque leaves Cheque Book – MICR @ Rs.2.50 per cheque leaf

Non-MICR @ Rs.2.00 per cheque leaf.

60 cheque leaves will be allowed free to S.B. individual A/c. holders in a calendar year.
Issue of duplicate pass book Rs.40/- per pass book with latest balance only. For previous entries, Rs.50 per ledger page for previous entries.
Mode of calculation of minimum balance Daily basis.
Remittance Facilities through own bank  
DD-Issue Slab Rate
  Upto Rs.1000/- Rs.20/-
  Above Rs.1000/-

To Rs.5000/-

 Rs.30/-
  Above Rs.5000/-

Upto Rs.10,000/-

 Rs.35/-
  Above Rs.10,000/- Rs.2.25 per Rs.1000/- or part thereof, Min.Rs.40/-, Max. Rs.12,000/-
DD-Cancellation Rs.100/- per instrument
DD-Duplicate Rs.100/- per instrument
DD-Revalidation Rs.100/- per instrument
PO/BC-Issue Slab Rate
  Upto Rs.1000/- Rs.20/-
  Above Rs.1000/- to Rs.5000/- Rs.30/-
  Above Rs.5000/- upto

Rs.10,000/-

 Rs.35/-
  Above Rs.10,000/- Rs.2.50 per Rs.1000 or part thereof Min. Rs.40/-, Max Rs.12,000/-
TT-Issue Slab Rate
  Upto Rs.1000/- Rs.20/-
  Above Rs.1000/- to Rs.5000/- Rs.30/-
  Above Rs.5000/- upto Rs.10,000/- Rs.35/-
  Above Rs.10,000/- Rs.2.50 per Rs.1000/- or part thereof Min. Rs.40/- Max. Rs.12,000/-
   
EFT Charges – inward NIL
EFT Charges – Outward Slab Rate
  Upto Rs.10,000/- Rs.35/- per Transaction
  Above Rs.10,000/- upto Rs.1 lac/- Rs.3/- per Rs.1000/- or part thereof Min. Rs.35/-
  Above Rs.1 lac Rs.2.50 per Rs.1000/- or part thereof Min. Rs.300/- Max. Rs.15,000/-
RTGS-Inward NIL
RTGS – Outward Rs.1/- per Rs.1,000/- Min. Rs.100/-, Max. Rs.2000/-
   
Foreign Exchange Transactions  
Remittance Outward 0.125% per remittance, Minimum Rs.100/-
Remittance Inward Rs.200/-(under instructions from foreign correspondent)

0.125% Minimum. Rs.100/- per transaction (in FC by issuing DD/MT/PO/TT)
TCs – Selling 1% on Rupee equivalent, Minimum Rs.100/-
TCs – Encashing Nil
TCs – Foreign Currency 0.25%, Minimum Rs.100/-
Clean instruments for collection abroad 0.30% Minimum Rs.100/-
Cheque Collection.

Collection of Cheques
Slab Rate
Upto Rs.1,000/- Rs.25/-
Above Rs.1,000/- upto Rs.10,000/- Rs.45/-
Above Rs.10,000/- upto Rs.1 lac Rs.4.5/- per Rs.1000/- or part thereof
Above Rs.1.00 lac

Rs.3.50 per Rs.1,000/- or part thereof min.Rs.450/-, max Rs.25,000/-

 
Outstation cheques through another bank

At centres where the remitting bank has no branch, the commission on Bills/Cheques will be shared by the remitting bank and collecting bank on 50-50 basis, i.e. remitting bank to charge 50% and collecting bank to charge 50% of the applicable rate.
Bouncing of cheques – local Rs.50/- per instrument
Bouncing of Outstation cheques & local/Outstation Bills Rs.100/- per instrument
Retail Loan
Retail Products

Processing Charges

Prepayment Charges
Allahabad Bank Saral Loan 1% of Loan amount,

Min. Rs.500/-

 2% of the Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
Personal Loan to Doctors & Medical Practitioners 1% of Loan amount,

Min. Rs.500/-

Nil
Personal Loan to all Pensioners 0.50% of Loan amount,

Min. Rs.200/-

Nil
Two Wheeler Loan Rs.250/- 2% of Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
Car Loan to salaried persons Nil 2% of Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
Car Loan to others. 1% of the loan amount,

Min. Rs.2,000/-

 2% of Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
Loan against NSC/KVP 1% of loan amount,

Min. Rs.250/-

Nil
Educational Loan Nil Nil
Housing Finance 0.50% of Loan amount,

Max. Rs.10,000/-

2% of Outstanding Balance if prepaid within 1 year, after that 1.50% only in case of takeover.
Housing Finance for furnishing, repair etc 0.50% of Loan amount,

Min. Rs.500/-

Nil - For Allahabad Bank Employees.

Nil
Retail Products

Processing Charges

Prepayment Charges
All Bank Rent Upto Rs.25 lac : 1%, Min. Rs.2,500/- > Rs. 25 lac to Rs. 150 lac : 0.50%, Min. Rs.25,000/- > Rs.150 lac: 0.25%, Min. Rs.75,000/- 2% of Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
All Bank property Upto Rs.25 lac : 1%, Min. Rs.2,500/- > Rs.25 lac to Rs.150 lac : 0.50%,

Min. Rs. 25,000/- > Rs.150 lac: 0.25%, Min. Rs.75,000/-

 2% of Outstanding Balance if prepaid within 1 year, after that 1% only in case of takeover.
All Bank Abhushan Loan upto Rs. 50000/-: Rs.500/-

Loan above Rs. 50000/-: Rs.1000/-

Nil

Merchant Credit / AL-Trade Scheme

 Rs.200/- per lac, Min. Rs.1,000/-

Max. Rs.20,000/-

 2% of Outstanding Balance in case of takeover.

Personal Loan for LICI Employees & Officers

 1% of Loan amount, Min. Rs.500/- Nil

Personal Loan to LICI Agents

 1% of Loan amount, Min. Rs.500/- Nil
Housing Loan to LICI Staffs, Officers & Agents 0.50% of Loan amount,

Min. Rs.10,000/-

 Nil

Short term Loans for Financing by local Housing Board & Development Authorities for Allotment of Residential Plot/Flat House

 Upto Rs.50,000/-: Rs.250/-

Above Rs. 50,000/-: Rs.500/-

 Nil
No due Certificate Min. Rs.50/- per certificate, but Nil if within the service area.
Slab Rates
Up to Rs.5 lacs Rs. 1,000/-
Above Rs.5 lacs up to Rs.10 lacs Rs. 2,500/-
Above Rs.10 lacs up to Rs.25 lacs Rs. 3,000/-
Above Rs.25 lacs upto Rs.50 lacs Rs. 7,500/-
Above Rs. 50 lacs Rs. 15,000/-

Charges for changing from floating to fixed rates of interest.

Borrowers of housing loan may exercise the option to switch over at any point of time from floating to fixed or vice versa on the condition that borrower has to pay 2% of outstanding amount for exercising the option.

Charges for late payment of EMI

Penal Interest @2% will be levied in case of default in payment of monthly/ quarterly or periodical instalment for term loan. Penal Interest will be reckoned from the due date of instalment and for the amount of default. Education Loan up to Rs.7.50 lacs and advances against NSCs,KVP,FDR,RD,LIC policies etc. are exempted from the purview of Penal Interest.
Cards
ATM-cum-Debit Card  
Membership fee Nil
Annual fee Rs.100/- per annum (Waived for 1st year)
Additional Card to Joint Holders Rs.100/- per annum.
Late Payment Charges N.A.
Interest charges N.A.
Replacement charges Rs.100/-
Cash Withdrawal Nil (for our bank card at our ATMs)
Rs.50/- VISA ATMs in India.
Rs.125/- VISA ATMs in abroad.
Rs.20/- NFS member bank’s ATM.
Balance enquiry Nil in own ATMs

VISA, ATM in India: Rs.15/-

VISA ATM abroad: Rs.30/-

NFS Bank’s ATMs: Rs.10/-
Using Card at Petrol Pumps 2.50% or Rs.10 Minimum
Using Card for Railway Ticket Reservations 2.50%
 
MISCELLANEOUS  
Balance Certificate Rs.50/-but Nil if it is within service area.
Account closure S/B A/C.with Cheque Book – Rs.100/-
Without Cheque Book – Rs.50/-,
CT A/C : Rs.150/- plus folio charges.
Use of FAX/Telephone/Modem On actual basis.
Signature attestation Rs.50/- per instrument.
Stop Payment charges Rs.50/- per instrument.
In-operative account Charges

Rs.75/- per half-year for Current Account if balance is below Rs.50,000/-.

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