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06:38 PM Mon, 14 October 2019

06:38 PM Mon, 14 October 2019

Purchase / Discount of Bill / Cheques

Purchase / Discount of Bill / Cheques (Local)

Upto Rs.100000/- Rs.50/-
Above Rs.100000/- Rs.3/- per 1000 (Minimum Rs.50/-)

Purchase / Discount of Bill / Cheques (Outstation)

Upto Rs.100000/- Rs.100/-
Above Rs.100000/- Rs.7/- per 1000 (Minimum Rs.100/-)

Note

  • Charges plus postage
  • If a bill purchased / discounted is returned unpaid, interest @16.5 % as applicable in overdraft facility is charged from the date of purchase/discount till the date of adjustment.
  • If the bill is paid beyond the due date/notional due date i.e 15 days, interest @16.50% is charged from the due date till the date of realization.
  • In addition to the above, collection charges and other out of pocket expenses as specified in Chapter – 1 on commission on collection are recovered.
  • Notional Due Date is the Expected Date of Realization (15 days)
  • In addition to above charges Service tax applicable as per rules

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