Revised Charges


Opening of A/cs  of Savings/Current

For savings a/c minimum balance is required of 100 for without cheque-book facility and 500 with cheque cheque-book facility. For current  a/c minimum balance  is required  of 1,000/- . If a borrower  of finance Company needs a cheque  book then he should  keep minimum  balance of 1,000/-  in his current/savings a/c at all times. These cheque books  will be charged @ 10/-  per leaf.  The cheque –books  should not be misused.


Saving/Current accounts closure.

In case  of account transfer  from one branch to another  in our bank 10/-  will be charged and in other cases 25/-  will be charged.


If  balance is kept  less  than the minimum  balance required in saving/current accounts

In such cases, 10/-  for  savings a/cs and 25/-  for current a/cs  will be charged every time and the charges will  be debited  to the account. One time failure  will be counted from the day of less balance till recoupment of balance.


a) In case of local cheques being  dishonoured

In case  of insufficient  balance in the a/c or local cheque is asked to be presented  again  50/-  will be debited  to the a/c and  if such cheques are presented by finance companies 100/-  will be debited  to the a/c.

b) In case of local outward clearing cheques  dishonoured

10/-  will be debited  to the a/c.

c) Charges  for out-station  cheques  and for dishonoured once.

25/- and 2/-  per thousand  commission plus postage  will be deducted from the remittance and in case of dishnoured  cheques  commission will be asked  by VPL. 


Stop  payment of cheques

50/-  will be charged per cheque.


In case of out station  cheques  deposited by our customer for  collection


After  receipt of the proceeds, bank will charge the following fee alongwith postage and commission.

up to 1,000/-

17/-  + Postage

1,001  to 5,000/-

22/-  + Postage

5,001 to .10,000/-

28/-  + Postage

10,000/- and above           2.50 per thousand commission  Plus  postage  and in addition to that paying Bank’s  commission + postage  will be recovered.


Demand Draft commission for local and outstation places

For  local  as well as for HDFC Bank and Axis Bank, ICICI Bank, IDBI Bank DDs, commission will be charged 10/-  for DD  amount of up to 5,000/-  and 1/-  per thousand  for exceeding  the amount  of  5,000/-.  If a customer  needs a DD on nationalized  Banks, the total amount of commission charged  by the Bank will be recovered. Amount of commission  will be rounded off to the nearest Rupee.

If  any person who  is not an account holder  of bank, requires draft in cash for the amount upto 5,000/-  the person will be charged 15/-  and for amount exceeding   5,000/-, 2/- will be charged per thousand.  Such  Drafts/Pay orders/ RTGS/NEFT can be availed of in cash, for the amount of below             50,000/- . While reckoning this 50,000/- total  drafts taken by a person   in a day will have to be  considered. Amount of commission will be rounded off to  the nearest Rupee.


Cheque Book charges for savings, Current and Cash Credit accounts

2.50 per leaf will be debited to the accounts. At the time of closure of account no charge will be levied but blank leaves of the cheque books  should  be returned  to the  bank.


Loan  Application  form

25/- per form.


Membership Application Form and charges for transfer of shares

1,030/-  (1,000/- for shares + 25/-  for the form  +  5/-  for entrance fee ) for transfer of shares 10/-  per share certificate.


Lockers  Rent and deposit for the same.

Type of  Locker                                                                         





Rent per annum




Fixed Deposit




As per  the earning interest  term  usual                                                                           


Pass book and statement of A/cs charges

Free of charge but if required twice for the same period, 5/-  will be charged per page at second time. For duplicate  pass book, on written request, for savings 15/-  and  for current a/c  25/-  will be charged.


Non-operating charges for Pigmy/Recurring/Savings  and current a/cs

20/-  per annum for Pigmy/Savings and Recurring and 50/-  for Current accounts. If balances in such accounts are less than the charges, the account will be closed  by debiting  the balance.


Operating Charges for Current Accounts

25/- for maintenance.


Nominal membership fee (‘B’ Class)



Charges for telephonic information to the account holder.

If customer has given consent to give information on phone for passing of cheques  5/-  will be debited  to the account per call.


Solvency Certificate  Charges

25/- or 1/-  per thousand but not  exceeding       10,000/-  as a commission.


Bank Guarantee  Charges

3% of the amount  of Bank guarantee  per annum  should be deposited in  advance.


Notice Fee.

30/- for simple notice and 100/-  minimum for Regd. A/D notice  will be debited  to the account.


No Dues Certificate

 For ‘A’  Class member of our bank fees will not be charged but for  other 15/-  will be charged.


Charges for Demand draft revalidation  (In case of cancellation of DD or enhancement in date)



Charges for stop payment of Demand Draft or for duplicate DD

25/- plus actual charges of other concerned bank.


Service  Charges for Cash Credit/Term Loan  and Overdrafts.

1% of the amount  of loan at the time of disbursement  of loan  and 0.5%  at the time of renewal, service charge will be collected from borrower and extra 100/-  will be debited to the account  for printing and stationery.


Change in  nomination of a Members

5/-  will be charged.


Redemption or dishnoured  Hundis/Bills

25/-  for printing and stationery  + 50/-  as a service  charge + commission  + postage  as in case of DD  will be recovered for redemption of Hundis/Bills.  25/-   for printing and stationery  +   25/-  as a service charge +  postage + commission @ 2/-  per thousand  will be debited  to the  customer’s  a/c   for dishonoured  Hundis/Bills.


a) Loans against  Deposits  including  Pigmy Deposit.

15/- will  be  charged for printing & stationery. No necessity  of  enrolling  him as  a ‘B’  class  member.


  1. Loans against  gold ornaments

15/-  will  be charged for printing  and stationery.


Charges for ECS

10/-  per ECS  transaction  will be debited  to the account.  100/-  will be debited for dishnoured ECS and  if after debiting the charges balance  becomes ‘0’  then  account will be closed and informed accordingly in the Return  Memo.


RTGS Charges

50/- per transaction.


Certificate  for cancellation  of lien/charge  on securities.

15/- will  be charged.

Test Data