We offer bill collection services. The bank collects local as well as outstation cheque presented by its customers and credits the amount to accounts. While local cheques are collected free of charge the charge for OBC are as follows.
Sl.No |
Amount Slab |
Demand Draft |
Cheque/Bill Collection (Postal charges + Service Tax applicable) |
Cheques / Bills Discounted (Postal charges + Service Tax applicable) |
1 |
Up to 1000 |
10.00 |
25.00 |
20.00 |
2 |
Amount from 1001 to 5000 |
15.00 |
25.00 |
0.50/100 (Subject to a minimum of Rs.20/-) |
3 |
Amount from 5001 to 10000 |
25.00 |
50.00 |
0.50/100 (Subject to a minimum of Rs.20/-) |
4 |
Amount from 10001 to 50000 |
50.00 |
100.00 |
0.50/100 (Subject to a minimum of Rs.20/-) |
5 |
Amount from 50001 to 100000 |
100.00 |
100.00 |
-- |
6 |
Amount from 100001 to 200000 |
150.00 |
2.50/1000 subject to a maximum of Rs.250/- |
-- |
7 |
Amount from 200001 and Above |
250.00 |
2.50/1000 subject to a maximum of Rs.250/- |
-- |
The realization of inward CTS cheques are carried out as and when the cheques are presented by the CTS clearing house.