Local Drafts / PO/ Cheques presented in local clearing
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Rs. 2.50 per thousand or part thereof subject to a minimum of Rs. 35/- +
interest for 2 or 3 days or for the actual number of days for which the Bank
was out of funds as appropriate at the sanctioned rate (for sanctioned limits)
or at the rate applicable for temporary overdraft (for adhoc / one time
transactions)
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Cheques / Bills payable at a location where we have our own
network
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Rs. 2.50/- per thousand or part thereof subject to a minimum of Rs. 35/- +
interest for 7 days at the sanctioned rate in respect of sanctioned limits or
the rate applicable for temporary overdrafts in case of casual / branch power
purchases.
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In case of delayed realization beyond 7 days, interest will be charged for
additional days at the above rates + 2@ penal interest.
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Cheques / Bills payable at a location where we do not have our own network
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Same as above + other bank's charges, if any.
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| Immediate Credit of Outstation Cheques up to Rs.15000 as per Goiporia Committee
Recommendation
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Charges as applicable to "Collection of Cheques"
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