The following charges will be levied by collecting and remitting branches in
respect of bills/cheques returned unpaid.
Local Cheques :
i) Cheque issued by our account holders but returned unpaid by us through
clearing or across the counter for want of funds and
ii) Cheques deposited by our customers to the credit of their accounts with us but returned
unpaid by other banks
SB Account
-
Rs 22.00 per instrument
CA and OD / CC Account -
Rs.29.00 per instrument
Outstation Cheques :
50% of the prescribed collection charges as prescribed in I.B above subject to a
minimum of Rs.26/-
Local / Outstation Bills :
50% of the prescribed collection charges as prescribed in I.A above subject to a
minimum of Rs.26/-
In the above cases normal commission should not be levied by both the collecting
and the remitting banks/branches. However, out of pocket expenses, such as postage, telegram, telex
charges, etc. if any, should be recovered in full.