· Rural QAB Area Rs 500/-
· Semi-urban Rs 1000/-
· Urban and metropolitan: 2000 rupees
Minimum Monthly Average Balance (MAB)
· Rural area: 500 rupees
· Semi-urban Rs 1000/-
· Urban and metropolitan: 2000 rupees
Lack of positions in QAB Rural
QAB
· Rural- Rs 100 – more than 50%
· Semi-urban: Rs 100 up to 50%, Rs 150 and above 50%
· Urban Metro: Rs 150 up to 50%, Rs 250 up to 50%
Please note that the bank is changing the maintenance of the average balance from a quarterly basis to a monthly basis.
Eastern Time Online
· In semi-urban rural areas the minimum applicable charge is Rs 1, maximum applicable charge is Rs 60. The shortfall percentage is 6%.
· In urban and rural metropolitan areas, the minimum applicable charge is Rs 1 and the maximum applicable charge is Rs 100. The shortfall percentage is 6%.
Eastern Time Online
· Incoming Cashback Charges (Savings Account): Rs 300 per instrument due to insufficient balance
· Current Account/CC/OD:
Ø Rs. 300 per instrument for first 3 cheque returns for insufficient balance in a financial year
Ø Rs. 1000 per instrument for the fourth cheque return for insufficient balance onwards in a financial year
Ø For reasons other than insufficiency
· Balance: Rs 100 per instrument
Ø No charge in case of failure/technical failure Note applicable for all accounts:
Ø Interest at the applicable rate for the number of days the Bank remained without funds (i.e. actual interest at clean OD should be charged additionally)
Eastern Time Online
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