NOTE —

THE FOLLOWING IS JUST A SUMMARY OF IMPORTANT FACTS OF 533 PAGE

MATERIAL OF BARODA ACADEMY.
I INTENTIONALLY LEFT MANY FACTS ,ELSE IT WOULD HAVE JUST BEEN A COPY
OF THE SAME MATERIAL.
THE ONLY INTENTION WAS TO UTILISE MAXIMUM OF THE LIMITED TIME WE GET
AFTER BANKING HOURS.

HOPE IT HELPS !!!

REGARDS—

DVINO.
BANKER CUSTOMER RELATIONSHIP
The banker is rendering various types of services to the customers and non-customers also. During the
course of such banking transactions various relationships arise. Various relationships are as under:

Transactions Relationship

Bank Customer
Deposit Account with bank Debtor Creditor
Loan from the Bank Creditor Debtor
Locker Lessor Lessee
Safe custody of Articles Bailee Bailor
Collection of Bills/ Cheques Agent Principal
Purchase of DD/ MT/ TT Debtor Creditor
Payment of Draft Trustee Beneficiery
Pledge of goods Pledgee Pledger
Mortgage Mortgagee Mortgager
Standing instruction Agent Principal
Article left by the bank Trustee Beneficiery
Hypothecation of goods Hypothecatee Hypothecator
Assignment of securities Assignee Assignor
Indemnity Indemnifier Indemnified

Clayton’s Rule:
This rule is applicable mainly in case of overdraft & cash-credit account of other than sole proprietor firm
and as per this rule the credit entry will set-off the debit entry, in chronological order

Termination of Banker-Customer relationship:

The relationship seizes once
If customer closes the accounts
If customer dies,
If customer becomes insane or
If customer becomes insolvent.
Banker may close the a/c by serving notice to A/c holder

97 | Page
Retail Liability Products - Current account

Name of the Product Baroda Advantage Baroda Premium Baroda Premium Current Baroda Small Business
Current Account Current Account (BPCA) Account Privilege (BPCAP) Current Account (BSBCA)

“Pay as You Use”

Eligibility Individual (14 Yrs. & Individual/ Non- Individual Individual/ Non- Individual Individuals, Proprietorship &
Above)/ Non- Individual Except NRIs/ OCBs, Except NRIs/ OCBs, Minors, Partnership Concerns Only
Minors, Banks and Banks and Financial
Financial Institutions Institutions

Area of Operation All Branches Metro /Urban Branches

Auto/ Reverse Sweep Not Applicable First Sweep out for Rs. 25,000 will happen only when account
balance reaches Rs. 5,25,000. Upon receipt of customer’s
request, the threshold amount of Rs 5,00,000/- can be
increased preferably in multiples of Rs 1,000

(e.g. Rs 5.01, Rs 5.02 lacs and so on)

If customer desires, the Sweep out amount of Rs 25,000/-

can be increased in multiples of Rs 25,000 (e.g. Rs 50,000,
Rs 75,000 and so on).

Sweep will be carried out every Monday (at the end of the
day)

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Minimum Quarterly Average M/U- Rs. 10000/- Rs. 75000/- Rs. 250000/- Rs. 2500/-
Balance
SU/R- Rs. 2000/-

Min. Balance Charges Urban/Metro: Rs. 625 + Non-maintenance of QAB- Non-maintenance of QAB- 300/ + GST per quarter
GST per quarter 600/- + GST 1000/- + GST

Rural/Semi Urban: Rs. 350

+ GST per quarter

Maximum Balance No Upper Limit Annual Turnover is limited to Rs.

20 lakhs only

No. of Transactions No Limit No Limit No Limit 5 non- ADC transaction are free
per month,

Transaction charges of Rs. 10 per

transaction for all non-ADC
transactions if turnover in account
is up to Rs. 20 Lac.

Transaction charges of Rs. 15 per

transaction for all non-ADC
transactions if turnover in account
is above Rs. 20 Lac.

There will not be any transaction

charges for all ADC transactions
(without any limit)

Internet Banking/ M- Free

Connect+

Folio Charges Rs. 125/- per 25 entries. Nil Nil As per CA101

100 | Page
 Free folio allowed p.a. Rs. 125/- per 25 entries.
based on Average Credit
Free folio allowed p.a. based on
balance as follows:
Average Credit balance as follows:
Av.Cr. Bal Up to Rs. 1 lac –
Av. Cr. Bal Up to Rs. 1 lac – 2 Free
2 Free folios
folios

Above Rs. 1 lac - All Free

Above Rs. 1 lac - All Free

Cheque Book First cheque book of 50 Free Unlimited Free Unlimited First cheque book of 50 leaves will
leaves will be issued free. be issued free. Additional cheque
Additional cheque @ Rs. 5 @ Rs. 5 + GST per leaf
+ GST per leaf

Bank Statement Once Free (Monthly) Free Two Times in A Month One statement (Hard Copy) free in
a month

Free e-statement on registered e-

mail provided minimum 4
transactions per month are there
in the account

Balance Certificate Free Once in a Year Free --

Signature Verification Free Once in 3 Months Free --

Concession on Remittance No concession 50% concession 100% concession No concession

(DD/ BC) & On OCC

Locker No concession 20% Rebate/ Discount on locker Rent to proprietor/ No concession

partners/ directors if locker rent is paid in advance for three
years and above in lump sum

101 | Page
Complementary Credit No First year free of charge, limited to two partners, two No
Card (BOBCARD) directors, up to two persons of other bodies authorized to
operate the account

Personal Accident -- Free Personal Accident Insurance with Credit Card --

Insurance

Immediate Credit of Up to 20000/- Rs. 50000 Rs. 150000 Nil

Outstation Cheques

Cash Deposit Cash Deposit Up to Rs. 50000/- Or Up to 10 packets i.e. 1000 pieces of notes of any Cash Deposit Up to Rs. 50000/- Or
denominations taken together, whichever is higher - free of charge per day. Up to 10 packets i.e. 1000 pieces
Base & Local Non-Base
of notes of any denominations
Branch
taken together, whichever is
Above that charges @ Rs.10/-per packet (Min Rs.10/- & Max. Rs.1000/-) + Taxes as higher - free of charge per day
applicable will be charged. (system will not charge Rs 10/ as
transaction charges up to 5
transactions per month).

Above that charges @ Rs.10/- per

packet (Min Rs.10/- & Max.
Rs.1000/-) + Taxes as applicable
will be charged.

Cash Deposit Cash deposit of Rs 25000/ - For amount up to Rs. 100000/- per day per account free Cash deposit of Rs 25000/ -per
per day per account free of of charges. day per account free of charges.
charges. (system will not charge Rs. 10 as
Outstation Branch transaction charges up to 5
Cash deposited in excess of Rs. 100000/-, service charges transactions per month),
Thereafter in excess of Rs. will be levied at Rs.2.50 plus Taxes per thousand or part
Thereafter in excess of Rs 25000/-
25000/-, service charges will thereof
Cash handling charges will be @Rs
be levied at Rs. 2.50 plus

102 | Page
 Taxes per thousand or part 2/- per thousand + GST or part
thereof. thereof.

Cash withdrawal Free

Base & Local non-base (system will not charge Rs 10/ as

Branch transaction charges up to 5
Free transactions per month).

Cash withdrawal Free Free

Outstation & Non- Base (Maximum withdrawal is allowed up to Rs.50000/-and to self only. No third-party withdrawal (Allowed up to 50000 to self only)
Branch is allowed) (system will not charge Rs 10/ as
transaction charges up to 5
transactions per month)

Circular No. BCC_BR_98_323 BCC_BR_98_160 BCC_BR_105_470 BCC: BR: 108:563

Scheme parameters and BCC_BR_108_549 BCC_BR_108_496 BCC_BR_108_496

services is subject to
change, please refer latest
circular of the schemes
and BOI.

Scheme Code CA101 CA108 CA107 CA124

Illiterates, Minors below 14 years of age (singly) cannot open current account. Minors below 14 years of age jointly with guardians
Every current and cash credit accountholder should be supplied with statement of accounts every month free of cost and SB account holders a pass book.

103 | Page
13.2. Savings Bank Account
Name of The Baroda Advantage Baroda Super Saving A/C Baroda Shubh Saving Baroda Centenary Baroda Pension
Product Saving A/C (Metro/ Urban) A/C (SU/R) Saving A/C Saving A/C

(SB133)

Eligibility Resident Individuals Resident Individuals (Above 10 Resident Individuals Resident Individuals Pensioners
Yrs./ Single/ Joint), (Above 10 Yrs./ Single/ (Above 10 Yrs./ Single/
(Above 10 Years/ Single/
Joint), Joint)
Joint)
(BOB Pensioners also)
(NRI/ Trusts & Other Farmers’ Clubs – Vikas
Institutions Not Eligible) Volunteer Vahini, Primary
(NRI/ Trusts & Other Co Op. Credit Societies,
Institutions Not Eligible) Agriculture Produce
Marketing Committees,
SHGs, Government
Departments, which are
authorized to open SB A/c,
Trusts and Institutions,
whose entire income is
exempted from payment of
income tax under Income
Tax Act, 1961 and
otherwise eligible to open
Savings bank account

(Not for NRE Deposit)

Auto / Reverse NA Multiples Of 10000/- Above NA Multiples Of 5000/- Above Multiples Of 1000/-
Sweep Threshold Limit 50000/- (For Threshold Limit 10000/- above Threshold Limit
181 Days) (For 180 Days) 3000/- (For 180 Days)

Upon Customers Request

Branch Can Increase the
Threshold Limit of Rs.50000/-

104 | Page
 Preferably in Multiples of
Rs.1000/-, If Customer Desires
Branch Can Increase the
Sweep Amount Rs.10000/- In
Multiples of Rs.10000/-

Minimum QAB QAB 20000/- QAB 15000/- QAB-10000/- Nil

Balance
(M/U)- 1000/- (SU/R) - A/C can be Opened with
500/- Rs 5/-

Minimum R/SU- Rs. 100/- per Rs. 1000/- + GST Per Quarter Rs. 750/- + GST per Rs 100/- + GST Per Month Nil
Balance quarter Quarter
Charges
U/M- Rs. 200 per quarter.

Charges will be levied as

under

R/SU if QAB is in the range

250- 499 - 50%

100-249 - 80%

Below 100 - 100%

M/U if QAB is in the range

Rs. 500- 999 - 50%

Rs. 250- 499 - 80%

<Rs. 250 - 100%

Maximum Rs. 1 Lac for Minor (10-14 Yrs.) No Limit

Balance

105 | Page
Number of 50 Withdrawal Per Half Year is Free 20 Withdrawal Per Month 50 Withdrawal Per Half
Transactions Year is Free
Rs. 15/- per debit exceeding 50 debits in HY be charged. Above that Rs. 10/- +GST
per withdrawal Rs. 15/- per debit
exceeding 50 debits in
HY be charged.

Internet Free
Banking / M-
Connect+

Cheque Book 30 Leaves Free in FY Free Unlimited Free Unlimited Free Unlimited Free Unlimited
afterwards Rs. 5 Per
Cheque Leaf

Immediate Up to 20000/- Up to 25000/- Up to 25000/- Up to 25000/- Up to 25000/-

Credit of OCC
(*T & C)

Concession on No Concession Free Free Only OCC Free Free DD/ BC Up to

Remittance 100000/- Per Month,
(DD/BC) and OCC-Free
on OCC

Discount of -- 25% Discount of annual --- -- 25% Discount of Demat

Demat custody/ maintenance charges Services
Services of Demat Services

Credit Card -- Free Credit Card (For Ist Year) -- -- Free Silver Credit Card
(BOBCARD) (For Ist Year)

Overdraft NA NA NA Max Of 2 Months

Facility Pension amount (net
credit to SB a/c last
month), if any other
credit facility is not

106 | Page
 being availed by the
pensioner

Personal Free Personal Accident Free Personal Accident

Accident Insurance with Credit Card Insurance Of 1 Lac with
Insurance During First Year Credit Card

Circular No.** BCC_BR_98_333 BCC_BR_96_45 BCC_BR_95_151 BCC_BR_99_221 BCC_BR_103_11

BCC_BR_97_156 BCC_BR_97_267 BCC_BR_104_207

BCC_BR_97_267 HO_BR_102_67

BCC_BR_108_496

Scheme Code SB101 SB117 SB119 SB125 SB 133

SAVING BANK ACCOUNTS -2

Name of The Product Baroda BachatMitra Baroda Salary Advantage Saving Baroda Basic Saving Bank Baroda Zero Balance
Saving A/C A/C Deposit A/C Saving A/C

Eligibility Individuals - Single/ Joint Regular Employees of State/ Central ▪ No Frill Account Salaried Employees,
Government, PSUs, Semi government
Organization, State/ Central Govt.
▪ All Resident Individuals
(Having Attained Age of 18 Corporations, Urban Development LIC/ GIC Agents,
Years) Authorities, Educational Institutions,
Universities, MNCs, reputed Public Ltd ▪ Not For NRI/ Trusts/
Companies with minimum one-year Societies
Students,
service with the organization

Employees of Private Limited

Companies may be considered by
Regional Authorities on selective basis

107 | Page
 after ascertaining their standing and Persons Getting Compensation
banking relationship with us, if any from government

Minimum age of 21 years

▪ Minimum take home Salary - Rs.

5000/-
▪ Maintaining satisfactorily conducted
salary a/c with the Bank at least for
3 months
(Not for Bob Staff)

Auto Sweep NA

Minimum Bal No Minimum Balance No Minimum Balance No Minimum Balance No Minimum Balance

Fixed Deposit: Minimum

amount of deposit would be
Rs. 10000/- and thereafter
in multiples of Rs. 1000/-
with a minimum period of 12
months and maximum
period of 120 months.

Minimum Balance Nil

Charges

Maximum Balance No Limit Rs. 1.00 Lac for Minor (10-14 Yrs.)

No. Of Transactions 50 Debits Per HY 4 Withdrawals in a 50 Debits Per HY

Monthincluding ATM
transaction

Internet Banking / M- Free

Connect+

108 | Page
Cheque Book 30 Leaves Free in FY Free Unlimited Free 50 Leaves in a Year 30 Leaves Free in FY
afterwards Rs. 5 Per Cheque afterwards Rs. 5 Per Cheque
In case of bulk requirements such as
Leaf Leaf
giving PDCs for loans availed / to be
availed from other banks/ institutions
/ Finance Companies, normal cheque
book charges shall be levied

Processing Charges Nil for OD Facility only 0.50% Min-100/-+ GST for OD Facility Nil for OD Facility only No Concession

Overdraft Facility 80% of Fixed Deposit with a 90% of net salary of average of last Maximum-Rs. 5000/- Subject
three months subject to Maximum of to, 4-Times of Avg Monthly
minimum limit of Rs. 8000/-
Rs.1 lac Balance Or 50% Of Credit
and maximum of Rs.
Summation of 6-Months or
100000/- Third party guarantee shall be
Rs5000/- Whichever is Lower
obtained. Cross guarantee may be
accepted. A/C to Be in Credit Once In
60 Days

Circular Number** BCC: BR: 100:268 BCC_BR_108_14 BCC_BR_105_106,

BCC_BR_105_469
BCC_BR_98_182
BCC_BR_107_123

BCC_BR_107_473

Scheme Code SB128 SB 124- with KYC SB115

SB 136- Small A/c

Savings account –Salary variant

Name of The Product Baroda Salary Classic Baroda Salary Super Baroda Salary Baroda Salary
Premium Privilege

109 | Page
Salary Band Net Monthly Salary Credit Net Monthly Salary Credit between
Monthly Salary Credit between Net Monthly Salary
of Less than Rs 50000 , Rs 50000 to Rs 1.00 Lacs Rs. 1.00 Lacs and less Credit more than Rs
Minimum Salary Credit Rs than Rs 2.00 Lac 2.00 Lacs
10000

Eligibility Age of the applicant should be 18 years & above

Suitable For Entry level Staff Junior Management Middle Management Top Management

Minimum Balance Charges ZERO BALANCE ACCOUNT

KYC Norms Aadhar is must as KYC to Aadhar is must as KYC to open the Aadhar is must as KYC to Aadhar is must as KYC
open the account under account under the scheme . One open the account under to open the account
the scheme . One proof of proof of address & proof of identity the scheme . One proof of under the scheme .
address & proof of identity is required . address & proof of identity One proof of address
is required . is required . & proof of identity is
required .

Minimum Deposit Amount Allowed to open with Zero Allowed to open with Zero Balance Allowed to open with Zero Allowed to open with
Balance subject to subject to immediate salary credit in Balance subject to Zero Balance subject
immediate salary credit in the following month immediate salary credit in to immediate salary
the following month the following month credit in the following
month

QAB /Charges for non Not Applicable

maintenance of QAB

Cheque Book Free 50 Cheque leaves per Free 75 Cheque leaves per year Free 100 Cheque leaves Free 150 Cheque
year thereafter Rs 5 Per thereafter Rs 5 Per leaf per year thereafter Rs 5 leaves per year
leaf Per leaf thereafter Rs 5 Per
leaf

110 | Page
Interest payable in SB Account 3.50% for balance up to 3.50% for balance up to Rs. 50.00 3.50% for balance up to 3.50% for balance up
Rs. 50.00 Lacs & 4 % Lacs & 4 % above Rs. 50 Lacs Rs. 50.00 Lacs & 4 % to Rs. 50.00 Lacs & 4
above Rs. 50 Lacs above Rs. 50 Lacs % above Rs. 50 Lacs

Remittances NEFT/RTGS free through NEFT/RTGS free through online NEFT/RTGS free through NEFT/RTGS free
online channels channels online channel & Branch through online
channels & Branch

Inbuilt overdraft Facility Available immediately after Available immediately after 2 salary Available immediately Available immediately
3 salary credits credits after first salary credits after first salary
credits

Maximum Rs 50000 Maximum Rs 100000 Maximum Rs 200000 Maximum Rs 300000

Clean Overdraft Clean Overdraft Clean Overdraft Clean Overdraft

Amount of overdraft Amount of overdraft equivalent to Amount of overdraft Amount of overdraft

equivalent to net credit of net credit of average of last two equivalent to net credit equivalent to net
average of last three salary salary credit round off first salary credit round off credit first salary
credit round off credit round off

Overdraft is to be adjusted Overdraft is to be adjusted in full Overdraft is to be adjusted Overdraft is to be

in full once in 60days of once in 60days of availment of the in full once in 60days of adjusted in full once in
availment of the same same availment of the same 60days of availment of
the same

Demand Draft /Banker Cheque Three DD/BC per quarter Four DD/BC per quarter for personal Five DD/BC per quarter for Six DD/BC per quarter
for personal use , use , Maximum amount Rs 200000 personal use , Maximum for personal use ,
Maximum amount Rs per quarter amount Rs 300000 per Maximum amount Rs
100000 per quarter quarter 500000 per quarter

Internet Banking/Mobile Free Free Free Free

Banking

Debit Card Free , Baroda Rupay Free , Master Platinum debit Card for Free ,Rupay Platinum Free , VISA Platinum
Classic Debit card for first first year, there after chargeable Debit Card for first year, Debit Card for Life
year, there after @150+ Taxes per year . Daily Cash there after chargeable Daily withdrawal limit
chargeable @150+ Taxes withdrawal limit Rs 50000 and online @150+ Taxes per year . Rs 100000 and online

111 | Page
 per year . Daily Cash purchase Limit is Rs100000. Inbuilt Daily Cash withdrawal purchase Limit is Rs
withdrawal limit Rs 25000 accident insurance of Rs 1 Lacs , limit Rs 50000 and online 200000. Inbuilt
and online purchase Limit attractive offers linked to debit cards purchase Limit is Rs accident insurance of
is Rs 50000. Inbuilt 100000. Inbuilt accident Rs 1 Lacs , attractive
accident insurance of Rs 1 insurance of Rs 1 Lacs , offers linked to debit
Lacs , attractive offers attractive offers linked to cards
linked to debit cards debit cards

Waiver in processing charges 25% waiver on processing 50% waiver on processing charges 75% waiver on processing 100% waiver on
on Retail Loans charges for Housing Loan , for Housing Loan , Auto Loan , charges for Housing Loan processing charges for
Auto Loan , Education Loan Education Loan &Mortgage Loan , , Auto Loan , Education Housing Loan , Auto
& Mortgage Loan , 100% 100% waiver in processing charges Loan & Mortgage Loan , Loan , Education Loan
waiver in processing for personal loan . Subject to 100% waiver in &Mortgage Loan ,
charges for personal loan . recovery of minimum Rs 7500 per processing charges for 100% waiver in
Subject to recovery of property to be mortgaged as out of personal loan . Subject to processing charges for
minimum Rs 7500 per pocket expenses recovery of minimum Rs personal loan .
property to be mortgaged 7500 per property to be Subject to recovery of
as out of pocket expenses mortgaged as out of minimum Rs 7500 per
pocket expenses property to be
mortgaged as out of
pocket expenses

Discount on Demat Services Waiver of 50% in charges Waiver of 75% in charges Waiver of 100% in Waiver of 100% in
charges charges

Scheme Code SB 174 SB 175 SB 176 SB 177

Name of The Product Baroda IFFCO Krisshi SB account Baroda Champ SB Account Baroda
JeevanSuraksha
"Attract Tomorrow's Customer
Saving A/C
Today"

112 | Page
Eligibility Resident Indian Member farmers Youngsters between age group Resident Individuals 18-
(major only) of IFFCO on single name 70 Yrs.
10 -24 years
only
(Single/ Joint-Max Two)
(Jointly with Patents/Guardian is allowed)

Aadhaar is Compulsory
Aadhaar is Compulsory
(With Life Insurance
Cover of sum insured
minimum Rs. 1 Lakh and
maximum up to Rs 5.00
Lac with IFLIC)

Auto Sweep NA Optional

In Multiples Of 5000/-
Above Threshold Limit
5000/- (For 180 Days)

Minimum Bal Nil Rs. 1000/- 1000/- On Daily Basis

Can be opened with initial funding of

Rs 100/- only.

Minimum Balance Charges Nil Rs. 100+GST per Quarter 100/- + GST per Quarter

Maximum Balance No Limit Rs. 1.00 Lakh No Limit

No. Of Transactions Cash withdrawal at branch allowed up Overall transaction limit of Rs 5,000/- per 50 Withdrawal Per Half
to the credit balance in account to a day and Year is Free
maximum of Rs 50,000 per day.
combined transaction limit of Rs 3,000/- Rs. 15/- per debit
per day for POS/ATM exceeding 50 debits in HY
be charged.

Internet Banking / M-Connect+ Free

Debit Card Free Issued free- FIFA U-17 World Cup logo Charges as per guideline
Visa debit card

113 | Page
 (for first year) issuance of non- Non-personalized debit card at branch
personalized co-branded IFFCO level through NPDCIS menu option.
RUPAY Debit Card Renewal Charges 150+GST

Cheque Book 30 Leaves Free in FY afterwards Rs. 5 Free 20 Leaves in a Half

Per Cheque Leaf Year

Immediate Credit of OCC (*T & C) -- -- Up to 15000/-

Concession on Remittance (DD/BC) and on Nil One DD/BC/NEFT (up to Rs 1 lakh) free Nil
OCC per month for fee payment.

Overdraft Facility Per farmer Rs. 2500/- only (for every No No

180 days)

Overdraft is allowed only for

commodity purchase through
cobranded debit card transaction on
IFFCO POS

One time -30- day interest free period

for every 180 days on OD component.

Circular Number** BCC_BR_109_257 BCC_BR_109_421 BCC_BR_103_16

BCC:BR:105:119

BCC_BR_109_69

Scheme Code SB 157 SB 156 SB 134

Retail Liability products –Term deposits

Name of The Product Eligibility Amount Period Other Feature

114 | Page
Baroda Short Term Deposit An individual in his own name. Minimum Rs. 1000/- and 7 Days to Less than 12 --
in Multiples of 100/- Months
More than one individual in joint
(7-14 Days for Amt 15
name.
Lac & Above)
Minor of age 10 and above on terms
RIRD – Baroda Regular Income Cum Minimum Rs. 1000/- and Minimum-12 Months --
laid down by the bank. Accounts
Recurring Deposit in Multiples of 100/- Maximum-120 Months
can also be opened in the name of
TD 101 minor with their

Baroda Regular Income Plan- MIP/QIP Father/ Mother, as guardian. Minimum Rs. 1000/- and Minimum-12 Months Interest will be paid on monthly
in Multiples of 100/- Maximum-120 Months in MIP and Quarterly in QIP
TD 102/103 Clubs, associations, Educational
basis at discounted rate
Institutions, Partnerships and joint
stock companies, provided they are
registered and

bank is satisfied that the account is

opened for genuine savings
purpose

Baroda Tax Saving Term Deposit Minimum Rs. 100/- and Minimum-60 Months -No credit facility against these
(RIRD/ MIP / QIP Scheme) in Multiples of Rs. 100/- Maximum-120 Months deposits.
Individuals (Single or Joint-
TD 131/132/133 Maximum Two Adults) and HUF -No Premature Closure before 5
only Years except in case of death of
Maximum- No Limit Up
depositor
to Rs. 150000/- rebate in
80’C’ -Relief Under Sec 80-C of
Income Tax

Baroda Advantage Fixed Deposits (Non- Individual (Single or Joint Name) of Minimum Rs. 15.01 Lac Minimum-12 Months No Premature withdrawal
Callable Fixed Deposit) age above 14 years Maximum-120 Months allowed for any reason
whatsoever
Maximum Rs. 10 Crore
RIRD- TD 166, TD466 Clubs, associations, Educational
Institutions, Partnerships and joint
MIP- TD 167, TD 467 stock companies and any other

115 | Page
QIP- TD 168, TD 468 institutions, which are eligible to (More than 15 lacs in the
open a Term Deposit, account as multiples of 1000)
per Bank rules

Baroda Special Order Term Deposit For accepting deposits under court As ordered by the Minimum- 7 Days -Can’t be pledged for any
orders/ Tribunal/ Government court/Govt. No minimum FB/NFB Facility
RIRD- TD 175 Maximum -240 Months
bodies and maximum ceiling
-Loan /OD should be considered
MIP- TD 174
only if permitted by
QIP- TD 173
court/Govt order up to 85% of
outstanding balance

-Premature closure strictly to be

done as per court order
/mandate

Baroda Flexible Fixed Deposit Scheme Resident Individuals including 5000/- Minimum-12 Months
BOB SUVIDHA minors in single or joint names, (In Multiples Of 1000/-) Maximum-60 Months
HUFs, sole proprietorship and
TD106
partnership firms, public/ private
limited companies, associations,
clubs, trusts and registered
societies

Flexi Deposit Scheme for High Value High Networth, High Value 5 Crore Minimum-7 Days Notice of withdrawal and/or
Customers Customers (In Multiples Of 1 Crore) Maximum-12 Months premature payment: One
Business Day

Fast Access Deposit Scheme (Under Individuals (Including Minors), 10000/- Minimum-12 Months The depositor would also open a
RIRD Scheme) Non-Individual (In Multiples Of 1000/-) Maximum-120 Months current account (overdraft
account) simultaneously. An
TD105
overdraft facility up to 95% of
the amount of deposit is
immediately made available to
the depositor as per guidelines.

116 | Page
 The staff members are also
eligible.

Where a deposit is in the name

of a minor, jointly with parents/
natural guardian, the overdraft
facility is restricted to Rs.
10,000/-

Senior Citizens Savings Scheme – 2004 -60 Yrs., (55 Yrs. in VRS) In Multiples Of 1000/- 5 Years (Extendable for 3 Premature withdrawal after one
Maximum Rs 15 Lac Years only once) year of holding with penalty

-Retired Defence Personnel

(Excluding Civilian Employees)
Irrespective of Age

-NRI, PIO and HUF are not eligible

Baroda Recurring Deposits- General Individuals & Non-Individual R/SU- Rs. 50/- Minimum-6 Months Term of RD can be for
Scheme (Monthly) eligible to open such accounts as U/M – Rs. 100/- Maximum-120 Months 6,9,12,15,18,21,24…………120
per guideline (In Multiples Of 50/- & months
TD113
100/- Respectively)

Baroda Samradhi Quarterly Recurring By an individual in his own name. 500/- Minimum-36 Months
Deposits (In Multiples Of 100/- Maximum-120 Months
-By more than one individuals in Respectively)
joint name. -By a minor of age 10
Baroda Samradhi Half Yearly Recurring and above on terms laid down by 1000/- Minimum-36 Months
Deposits the bank. Accounts can also be (In Multiples Of 100/- Maximum-120 Months
opened in the name of minor with Respectively)
their father/mother, as guardian.
Baroda Flexible Recurring Deposits Minimum Core Minimum-12 Months Interest is HY Compounding.
Account (YSJY) -In the names of Clubs, Instalment 100/- Maximum-120 Months.
associations, Educational & In Multiples Of 100/-
Institutions, Partnerships and joint (Maximum 3 Times of

117 | Page
 stock companies, provided they are Core Instalment Up to
registered and bank is satisfied that 10000/- Per Month)
the account is opened for genuine
savings purpose

The product is not available for

NRE deposits.

Baroda Holiday Saving Recurring Resident Individual Minimum Rs 100/- per 12 Months Association with M/s Thomas
deposits TD171 month & further in Cook (India) Ltd
multiples of Rs 100

Baroda Capital Gain Account Scheme – All branches except rural branches -- --- Investment to be made within 2
1968 are authorised to accept deposits yrs. for purchase & 3 yrs. for
under the scheme. construction Tax exemptions
TD 121
under capital gain available

An additional interest @ 0.50% for Senior Citizens against their deposits up to Rs. 1.00 Crore unless any particular scheme has no provision for this.
▪ Premature Withdrawal: No penalty for premature payment will be levied in case of premature payment of deposits up to Rs. 5 lacs provided it remained
with the bank for a minimum period of 12 months and premature withdrawal is allowed as per scheme.
▪ Recurring Deposit: In case of delay in payment of any instalment a penalty shall be charged Rs. 1.50 for every Rs. 100/- p.m. for deposits of five years
and less and Rs. 2.00 for every Rs. 100/- p.m. for deposits of over five years, fraction of a month being treated as full month for purpose of calculating
such penalty.

118 | Page
 ● Generate QR Code.
● Raise Complaints.

How to send Money on BHIM Baroda Pay:

1. Using Virtual Payment Address (VPA)
2. Using Account and IFSC
3. Using Mobile Number & MMID
4. Using Aadhaar
5. Using Aadhaar & IIN

How to Collect Money on BHIM Baroda Pay:

1. Using Virtual Payment Address (VPA)
2. QR Code

Transaction Limits:

Transaction Per txn Per day Min. Amount per No. of txns per day
(amount) (amount) txn
Fund transfer 25,000/- 50,000/- Re. 1/- 20 (24 hrs rolling
limit)

Sr. Incentive on
No. Transaction Incentive Amount (Rs.) Terms & Conditions

● Minimum transaction value should be

Rs. 100/-

BHIM Baroda ● The incentive will be paid for maximum

Pay app user 20 unique transaction per calendar
of our Banks month
unique
financial ● Only unique transactions are eligible for
1 transactions Rs.25/- incentive

No. of Incentive
transaction per
s month

>=25 but
less than 50 Rs. 100/-
BHIM Baroda ● Minimum transaction value should be
Pay app user Rs.10/-
of our Banks >=50 but
financial ● Calendar month will be used for
less than 100 Rs. 200/-
2 transactions calculation of month

139 | Page
 > than 100 Rs. 250/-

(Unique Transaction – Only the first transaction where ‘A’ transfer funds to ‘B’, second transaction
between ‘A’ and ‘B’ is not considered unique)

The details of incentive for Merchants are as follows:

Merchants can also use this app by registering with “I am a Merchant” option and are eligible for incentive
by receiving payments via this app.

Sr. No of credit Incentive Amount

No. Transactions (Rs.) Terms & Conditions

● Minimum transaction value should be Rs.

25/-
Minimum
transactions to be 10% of transaction ● Maximum cashback of Rs. 1,000/- per month
done in order to value with upper cap of
start earning Rs. 50/- per ● Calendar month will be used for calculation
1. incentive =>5 transaction of month

Baroda e Gateway

Power your business online with our Secure Payment Gateway

Product profile
Our bank has obtained state of the art technology to maintain an efficient Payment Gateway
infrastructure viz. “Baroda e Gateway”. Customized setup will be installed at the merchant’s site which
will enable the merchant to collect payments for all e-commerce transactions made through their website.

Internet Payment Gateway (IPG) is a payment and settlement infrastructure which a merchant uses to
collect payment from their customer for online sale of products or services. IPG shields the business unit
from complex technical infrastructure required for e-commerce business. It provides necessary access to
payment system including Interchange agencies like Master/Visa/Rupay, card issuing bank, aggregators,
settlement bank etc.

Internet Payment Gateway is essential for retailers, who have an online presence and are interested in
selling their products over internet. IPG is safe & ensures encryption of sensitive card information during
secured transmission between customer, merchant and payment processors.

Security Features
❖ Utilizes strong industry standard 128 bit SSL encryption
❖ 3-D Secure: Additional password compliant with Visa and MasterCard protocol specifications and
Reserve Bank of India guidelines (reduces chances of fraud to almost negligible)
❖ The data transmission is encrypted and storage is under strict data centre environment.
❖ Merchant connects to payment gateway in a secure manner via plugin.

140 | Page
 ● Language selection
● Delinking accounts
● Refresh operative account list
● My limits setup
M CONNECT PLUS
TRANSACTION LIMITS
Transaction Per txn Per day Per week Per month Min. per No. of
txn txns per
day
Fund transfer 50,000 1,00,000 2,00,000 5,00,000 5 -
Recharge, Bill 25,000 50,000 50,000 2,50,000 5 -
payment, Credit
card payment
Cash on mobile 5,000 5,000 - 25,000 100 5

✓ Valid account types: Savings, Current, Overdraft, Cash Credit, Loan, PPF

✓ Mode of operation: Self, Either or Survivor, Proprietorship

Upcoming Developments: Provision to provide mobile banking to secondary holder also in case of
joint accounts having mode of operation as Either or Survivor, Mobile banking to NRI customers, UPI
integration.

Baroda GIFT CARD

Give your loved one something they would love with the Baroda Gift Card.

Baroda Gift Card is ideal gifting solution for marriage, engagement, birthday,
Diwali, Holi, Raksha Bandhan, Christmas, and EID and can be used for
corporate incentives etc.

✓ It facilitates the recipient to buy items as per their requirement from

their preferred outlet. Baroda Gift card is issued in association with
VISA International and the card will be usable at all VISA identified
merchants establishments within India.

Baroda Gift Card is a prepaid “VERIFIED BY VISA” enabled prefunded card that opens a distinct
proposition to individuals and corporate with its instant availability, ease of handling, longer shelf life
and extended shopping options for the beneficiary.

Features of Gift Card

✓ Card can be loaded with any amount between Rs 500/- to Rs 50,000/- in multiple of Rs 1/-
✓ Attractively packaged/ready to gift
✓ Card is valid for a period of one year from the date of purchase or printed on card whichever is
earlier
✓ Easy and convenient to use at shops and malls
✓ Hot listing can be done by anybody but re-issue at the request of purchaser only
✓ 24 hour toll free number available-1800 102 5627
✓ No ATM usage permitted
✓ This card used only in India

Baroda Gift Card – In Brief

✓ Prepaid card require funds to be loaded before making purchases.

✓ Card can be used till available balance.

143 | Page
 Baroda Visa Electron Debit Card

Eligibility: All customers who are eligible to operate the account individually
Feature:
● ATM Cash withdrawal Limit : Rs.25,000/-
● Purchase limit at POS : Rs.50,000/-

Baroda Visa platinum International Debit Card:

Eligibility:
● All customers who are eligible to operate the account
individually
Feature:
● ATM Cash withdrawal Limit: Rs.1,00,000/-
● Purchase limit at POS: Rs.2,00,000/-
Baroda Master Card Classic Debit Card:

Eligibility:
● All customers who are eligible to operate the account
individually
Feature:
● ATM Cash withdrawal Limit : Rs.25,000/-
● Purchase limit at POS : Rs.50,000/-

Baroda Master Platinum International Debit Card:

Eligibility:
● All customers who are eligible to operate the account individually
Feature:
● ATM Cash withdrawal Limit: Rs.50,000/-
● Purchase limit at POS: Rs.1,00,000/-

Baroda Rupay classic Debit Card:

Eligibility:
● All customers who are eligible to operate the account
individually
Feature:
● ATM Cash withdrawal Limit : Rs.25,000/-
● Purchase limit at POS : Rs.50,000/-

Baroda Rupay Platinum International Debit card

Eligibility:
● All customers who are eligible to operate the account
individually
Feature:
● ATM Cash withdrawal Limit: Rs.50,000/-
● Purchase limit at POS: Rs.1,00,000/-

148 | Page
 MasterCard Platinum Domestic & International Rs 50,000/- Rs 1,00,000/-

RuPay Platinum Domestic & International Rs 50,000/- Rs 1,00,000/-

RuPay PMJDY Domestic only Rs 25,000/- Rs 50,000/-

RuPay BKCC Domestic only Rs 25,000/- Rs 50,000/-

RuPay MUDRA Domestic only Rs 5,000/- Rs 5,000/-

Bank of Baroda Credit Cards

A credit card is a plastic card that makes payments convenient. With it, you have the option of making
purchases or withdrawing cash when you want, and repaying the amount over a period of time.
Credit Card Benefits
➢ Buy now and pay later concept.
➢ Ability to buy needed items now.
➢ Don't have to carry cash.
➢ Plastic cards are easy to carry and convenient to handle.
➢ Creates a record of purchases made.
➢ Consolidates bills into one payment.
➢ 24 hour cash through ATM.
➢ Facility to transact in more than one currency.
➢ Free Add-on Card: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings or
kids (above age 18).
➢ In-built insurance cover: Get free Personal Accidental Death Cover to ensure financial protection
of your family.
➢ Zero liability on lost card: Report loss of card immediately to ensure zero liability on any
fraudulent transactions.
➢ Interest free credit facility: Avail up to 50 days of interest free credit from the date of any
purchase.
➢ Revolving credit facility: Pay Minimum Amount Due and finance your spends as per your
convenience

Our Bank offers following Credit Cards:

Easy Credit Card (Visa)
Key Features
➢ Entry level product appealing to young /first-time credit
card user.
➢ Income from 3.0 to 4.8 lakhs per annum.
➢ Minimum credit limit: Rs 25,000.
➢ Base Rewards :Earn one reward points for every Rs 100
spent.
➢ Accelerated Rewards :Earn five reward points for every 100
spent on Grocery, Departmental stores and Movies.
➢ Make Easy Credit card lifetime free: Spend Rs 6,000 within 60 days and Rs 35,000 in a year
for reversal/waiver of annual fees.
➢ Zero Fuel Surcharge :1% fuel surcharge waived for all transactions between 400 - 5,000.
➢ Easy EMI option: Convert purchase of > Rs 2,500/- on the card into easy EMIs of 6/12 months.
➢ Cash on card repayment: Get 0.5% of the card bill payment as cashback in your next statement.
➢ Multiple redemption option: (Redeem your reward points as cashback and other exciting options)

152 | Page
Select Credit card (Visa Platinum)

Key Features
● Higher end of the mass market; young and aspirational
customer.
● Income from 4.8 to 7.2 lakhs per annum.
● Minimum credit limit :Rs 50,000
● Reward points: 1 point per Rs. 100 spent
● 5X Reward Points on online, utilities and Dining spends.
● Bonus Rewards Every Months: 1,000 Bonus Reward
points every month if 5 or more transactions of Rs.
1000 each are done.
● Make Select Credit card lifetime free: Spend Rs 7,500 within 60 days and Rs 70,000 in
a year for reversal/waiver of annual fees.
● Zero Fuel Surcharge :1% fuel surcharge waived for all transactions between 400 - 5,000.
● Easy EMI option: Convert purchase of > Rs 2,500/- on the card into easy EMIs of 6/12
months.

Premier Credit Card (Visa Platinum)

Key Features
● For customer seeking exclusive benefits; typically
holds more than 1 credit card
● Income above Rs. 7.2 lakhs per annum.
● Minimum credit limit :Rs 1,00,000
● Reward points: 2 point per Rs. 100 spent
● 5X Reward Points on online, utilities and Dining
spends: Earn 10 reward points for every 100 spent
on travel, dining and abroad.
● Exclusive privileges: Complimentary access to 38 airport lounges across 22 cities.
● Make Premier Credit card lifetime free: Spend Rs 10,000 within 60 days and Rs 1,20,000
in a year for reversal/waiver of annual fees.
● Zero Fuel Surcharge :1% fuel surcharge waived for all transactions between 400 - 5,000.
● Easy EMI option: Convert purchase of > Rs 2,500/- on the card into easy EMIs of 6/12
months.

Prime Credit Card

Key Features
● Guaranteed issuance: Get PRIME against fixed
deposit of 15,000 or more without any income
proof.
● 1% Cash Back on all spends: Earn 4 reward points
(equal to 1 on redemption) for every 100 spent.
● Prime Credit Card is lifetime free: Zero first year
and annual fees.
● Zero Fuel Surcharge: 1% fuel surcharge waived for all transactions between Rs. 400
– Rs.5,000.
! Multiple redemption option: Redeem your reward points as cashback and other exciting options.
! Easy EMI option: Convert purchase of > 2,500/- on your card into easy EMIs of 6/12 months.
153 | Page
 ➢ Customer needs to select the Bill category (Electricity, water, prepaid, postpaid etc.) from the
icons and selects the Biller.
➢ Customer has to enter the required information like unique bill number, mobile number, amount
➢ System will validate the information entered by the customer and ask for Payment.
➢ On clicking Pay button, it would ask to choose the option of Debit Card/ Internet Banking.
➢ On click in Net Banking, icon customer needs to login with net banking credentials and pay the
amount.
➢ On clicking Debit card icon, customer need to dip the card in card reader and enter the PIN
➢ On success/failure of the payment, machine would display appropriate message on the screen
and customer gets the receipt.
Browser based Internet Banking
Net banking is based on secure web browser/ with interactive UI same as Baroda Connect. Non cash /
Enquiry services including Balance enquiry and Mini Statement

A-Balance Enquiry
The customer will select view balance option under the Banking services. It would ask to swipe the card
for authentication, thereafter, it will display the balance available in primary account and allow taking a
print if desired by the customer.

B-Mini Statement
For mini statement, the customer will select the mini statement option under the Banking services. It
would ask to swipe the card on machine for authentication, thereafter, it will display the last eight
transactions held in primary account and allow to take a print if require.

SMS Banking/Missed Call Facility

Weblink: https://www.bankofbaroda.co.in/missed-call-facility.htm

A SMS to be sent from their registered mobile number to 8422009988

Services offered are:
❖ Balance Enquiry
❖ Mini Statement
❖ Cheque Status
Customer has to send a SMS text as under:

1 For Balance enquiry - BAL <space> last 4 digit of account number

2 For Mini statement - MINI <space> last 4 digit of account number
3 For Cheque status - CHEQ <space> last 4 digit of a/c no <space> cheque no.
4 For Aadhar seeding - 12 digit aadhar number <space> last 4 digit of a/c no
For Registration of
5 preferred account REG <space> last 4 digit of a/c no <space> cheque no.
BLOCK<space>C<space> Last Four Digit of Card Number or
6 Debit Card Blocking BLOCK<space>A<space> Last Four Digit of Account Number
7 Subscribe or Unsubscribe ACT/DEACT<space> Last Four Digit of Account Number
8 PMJDY OD Request ODREQ <space> Y
9 PMJJBY /PMSBY PMJJBY/PMSBY <space> Nominee Name <space> Y

164 | Page
 Enrolment

Missed Call facility for ―Balance Inquiry

Customers, who have registered their mobile number, can

get balance of their accounts by just giving a missed call
from their registered mobile number to mobile
number 8468 00 1111 for Account Balance & 8468
00 1122 for Mini Statement .

Salient features of the facility are as under:-

❖ This facility is available 24X7.
❖ Balances of account under Saving, Current, Cash Credit and Overdraft schemes are
provided through this facility.
❖ Customer may have more than one account with same mobile number. In that case SMS of
maximum length of 320 characters (2 SMSs) will be sent to customers. For remaining
accounts, customer can avail the ―SMS Banking Services or our Contact Centre services.
❖ Customer can use this facility maximum ―5 times in a day, system will not respond
thereafter.
❖ This service is available only for resident accounts i.e. accounts with domestic mobile
❖ Customers do not have to pay any charges as the call would be disconnected after a ring
and customer would get the balance via SMS

Contact Centre

Contact Center is a delivery channel which bridges the gap between the technology and customer and
provides benefits of technology to customers. Its aim is to provide most of the banking services through
telephone channel, with the help of technology, thereby improving convenience to the customers. Bank
has established Contact centre at GIFT City Gandhinagar.
Contact Centre Numbers
❖ Toll Free Number 1800 22 33 44 or 1800 102 44 55 from anywhere in the country
and services available in Six Indian languages viz. kannada (Code-3), Tamil( Code-4),
Telugu(Code-5), Malayalam (Code-6), Hindi (Code-2) & English (Code-1 )
❖ The dedicated toll free number for providing contact centre services for Financial
Inclusion / Pradhan Mantri Jan Dhan Yojana (PMJDY) customers is 1800 102 77 88

Availability of Contact Centre Services:

Services through IVR by using TPIN Round the Clock

Services through Agent
● Hot listing of Debit Card Round the Clock

165 | Page
default in repayment, non-submission of financial statements, etc. No penal interest should be charged
by banks for:
● Loans under priority sector up to Rs. 25000/-
● Direct Agriculture Advances to small & marginal farmer,
● Advances to DRI beneficiary
A clause enabling recovery of penal interest should be included in the documents executed by the
borrower and should also be stipulated in the letter of sanction given to the borrower.
Unified Processing charges, Up-front charges & documentation charges:
❖ No processing charges for Agricultural Advances up to Rs.10 lacs.
❖ No Inspection Charges for Agricultural advances up to Rs. 10.00 Lac. No Inspection Charges for Crop
loan.

MARGIN AND SECURITY NORMS FOR AGRICULTURE ADVANCES: (BCC:BR:102/183 Dated

06.07.2010)

Category: Margin Required:

1. Crops Loans/Short Term Loans

(a) Loan limit up to Rs. 100,000 NIL

(b) Above Rs. 100,000 15%

2. Term Loans

(a) Loan limit up to Rs. 100,000 NIL

(b) Loan limit above Rs. 100,000 Tractor and heavy agri. Machinery 10%*

(c) Other loans 15%*

Note: * For small/marginal farmers, agriculture labourers and other specified categories, no margin by
borrowers are required, where subsidy is available under Govt. Sponsored Programmes.

* For borrowers mentioned above where subsidy is not available. 5% margin by borrower is required
(NABARD requirements may be borne in mind).

SECURITY NORMS

Crop Loans/Short Term Loans

Up to Rs. 100,000 D.P. Note

Hypo. of crops

Above Rs. 100,000 D.P. Note, Hypo. of crops

Mortgage of land or third party guarantee etc.

Investment loans wherever moveable assets are created

170 | Page
 Up to the cost of economic unit (wherever applicable) ● D.P. Note
or Rs. 1 lac whichever is lower ● Hypo. of Assets

For loans above Rs. 1 lac ● D.P. Note

● Hypothecation of assets.
● Mortgage of land (#) or 3rd party
Guarantee.
#For loans above Rs. 2 lakhs, mortgage of land is to
be created. However, sanctioning authority on merit
may waive mortgage of land if creating mortgage is not
possible owing to genuine difficulties for loan limit up
to Rs. 3 lakhs

For Agri clinic - Agri business

up to Rs. 5 lacs ● D.P. Note

● Hypo. of Assets

Above Rs. 5 lacs ● D.P. Note

● Hypo. of Assets
● Mortgage of land or third-party guarantee.
Investment loans where moveable assets are not created (i.e. dug well, land dev. Etc.)

Investment loans - up to Rs. 10,000/- ● DP Note

Loans above Rs. 10,000/- ● DP Note

● Mortgage of Land (*)
(*) Where there are genuine difficulties in creating
mortgage/charge on land, Regional Authorities may
authorize branches to take third party guarantee and
other collaterals for limit up to Rs.100000/-

Note: In states where legislation on the lines suggested by the Talwar Committee has been passed, a
simple declaration creating a charge on the land offered as security will be sufficient, in such cases,
mortgage of land may not be necessary.

REVISED GUIDELINES FOR PRIORITY SECTOR CLASSIFICATION

I. Categories under priority sector

(i) Agriculture

(ii) Micro, Small and Medium Enterprises

171 | Page
(iii) Export Credit

(iv) Education

(v) Housing

(vi) Social Infrastructure

(vii) Renewable Energy

(viii) Others

II. Targets /Sub-targets for Priority sector

(i) The targets and sub-targets set under priority sector lending for all scheduled commercial
banks operating in India are furnished below:

Categories Domestic scheduled Foreign banks with less than 20

commercial banks and foreign branches
banks with 20 branches and
above
Total Priority Sector 40 per cent of Adjusted Net 40 per cent of Adjusted Net
Bank Credit [ANBC defined in Bank Credit [ANBC defined in
sub paragraph (iii)] or Credit sub paragraph (iii)] or Credit
Equivalent Amount of Off- Equivalent Amount of Off-
Balance Sheet Exposure, Balance Sheet Expsoure,
whichever is higher. whichever is higher; to be
achieved in a phased manner
by 2020 as indicated in sub
paragraph (ii) below.
Agriculture 18 per cent of ANBC or Credit Not applicable
Equivalent Amount of Off-
Balance Sheet Exposure,
whichever is higher.
Within the 18 per cent target
for agriculture, a target of 8
percent of ANBC or Credit
Equivalent Amount of Off-
Balance Sheet Exposure,
whichever is higher is
prescribed for Small and
Marginal Farmers. ##
Micro Enterprises 7.5 per cent of ANBC or Credit Not applicable
Equivalent Amount of Off-
Balance Sheet Exposure,
whichever is higher
Advances to Weaker Sections 10 percent of ANBC or Credit Not applicable
Equivalent Amount of Off-
Balance Sheet Exposure,
whichever is higher

172 | Page
Sr No Concession/Incentive Category of the Borrower

(BKCC Green) (BKCC Silver (BKCC Gold)

1 Number of years of New and existing Agri borrowers Regular agri borrowers
relationship agri borrowers having dealing and maintaining
dealing with us since satisfactory satisfactory accounts
last 3 years relationship with with for a period of more
us for more than than 5 years having
3 years and up excellent repayment
to 5 years@ history@

2 Farm maintenance 25% of 25% of 25% of

expenses
Crop Production Crop Production Crop Production

expenses Expense Expense

3 Consumption needs for 25% of 25% of 35% of

family maintenance for
Crop Production Crop Production Crop Production
one year
Expenses, subjected expenses, Expenses, subjected to a
to a maximum of subjected to a maximum of Rs1,00,000
Rs1,00,000/- maximum of
Rs1,00,000

4 Concession No Concession 0.25% 0.50%

inapplicable rate of
interest #

@ The default/delay due to natural calamities/drought etc. will not be considered as an adverse feature
for the period by the Government and accordingly be justified in the sanction.

# The facilities are to be sanctioned on reduced rate of interest on the basis of satisfactory dealing of
the borrowers for specific period. The rate mentioned on DP Note will stand reduced to the extent of
0.25% or 0.50% as the case may be from the applicable rate of interest. This concession in rate of
interest is subjected to a condition that the borrower do not enjoy other concession in the interest rate.
However the ROI for BKCC upto Rs 3.00 Lacs shall not be below 7.00 %.( Fixed) subject to availability
of Interest subvention from GOI.

6.15.Repayment Period
A. For Production line of Credit: Therepaymentperiodmaybefixedaspertheanticipatedharvestingand
marketingperiod for thecrops for which aloan has been disbursed.
Repayment Due dates based on crop duration and cropping pattern are as follows:
Sl Cropping pattern Crop cultivation period Repayment due date(fixed)
No (Loan disbursement period)

Short Term Crop

1. Mono Crop (Kharif / 1st April to 30th Maximum 12 months from the first
Rabi) September(Kharif season) disbursement date in case of new accounts
and 1st October to 31st or maximum 12 months from first
March(Rabi season) withdrawal date after renewal of crop loan in
case of renewed accounts (to be
synchronized with harvesting of crop)
2. Double/Multiple Kharif & Rabi seasons Maximum 12 months from the first
Crops disbursement date in case of new accounts
or maximum 12 months from the first
withdrawal date after renewal of crop loan in

211 | Page
 case of renewed accounts. (to be
synchronized with harvesting of crop)
3. Single crop for 12 As per crop needs all round Maximum 12 months from the first
months the year disbursement date in case of new accounts
or maximum 12 months from the first
withdrawal date after renewal of crop loan in
case of renewed accounts
Long Term Crop
4. Long term crops( All round the year as per Maximum 18 months from the first
More than 12 crop needs disbursement date in case of new accounts
months) or maximum 18 months from the first
withdrawal date after renewal of crop loan in
case of renewed accounts.

B. For Investment Line of Credit : As per the scheme under which the finance has been extended.

6.16. Security:

BKCC Limit up to Rs.1.00 lakh

Primary :

● DP Note
● Hypothecation of crops grown/assets to be created out of banks finance
Collateral :

● NIL

.BKCC Limit above Rs.1.00 lakh

Primary:

● DP Note
● Hypothecation of crops grown/assets to be created out of banks finance
● EquitableMortgage/RegisteredMortgage ofland or Third Party Guarantee etc.
(For Details refer Circular No. BCC/BR/102/183 dated 06.07.2010)

6.17.Documents
1. BKCC Limit Below Rs.1.00 lakh

● DP Note
● Composite Hypothecation Agreement (LDOC 28A)
● Other undertakings (As Applicable )
1. BKCC Limit above Rs.1.00 lakh
● DP Note
● Composite Hypothecation agreement (LDOC 28A)
● General Form of Guarantee, if third party guarantee is stipulated in the sanction
● Registration of Bank’s lien / charge on agricultural land as per the State Act
● Mortgage of Property/land, if stipulated in the sanction
● TTO forms in case of finance to vehicles
● Other undertakings (Applicable )
(For Details refer Circular No. BCC/BR/102/183 dated 06.07.2010)

212 | Page
6.22. IRAC Norms
● The extant guidelines for income recognition, asset classification and provisioning will continue
to apply for loans granted under Kisan Credit Card Scheme. Accordingly, BKCC accounts will
become ‘overdue’, if the principal and interest remains unpaid on due date of payment
● The ‘overdue’ BKCC loans will be classified as NPA if it remains overdue for a period of two crop
seasons in case of short duration crops (Maximum 24 months from the repayment due date)
and one crop season in case of long duration crops ( Maximum 18 months from the repayment
due date), as the case may be.
● The crops with crop season longer than one year are long duration crops and crops which are
not long duration crops will be treated as short duration crops.
● Depending upon the duration of crops raised by the agriculturists, NPA norms would also be
made applicable to agriculture term loans availed by the agriculturists.
As per RBI guidelines the crop season for each crop, which means the period up to harvesting and
marketing of the crops raised, would be determined by the State Level Bankers’ Committee in each State.
In absence of any specific guidelines by SLBC the bank’s guidelines issued vide Circular No.
BCC:BR:110:148 dated 22.03.2018 will be followed by branches in the state.

Parameter Scheme code / Name Guidelines

Repayment due date CC003- Double / Multiple crop Maximum 12 months from the
first disbursement date in case of
new accounts or first withdrawal
date after renewal of crop loan

CC028 – Mono Crop – Kharif / Maximum 12 months from the

Rabi first disbursement date in case of
new accounts or first withdrawal
date after renewal of crop loan

CC029 – Single crop for 12 -do-

months

CC025 – Long term crop Maximum 18 months from first

disbursement date in case of new
accounts or first withdrawal date
after renewal of crop loan

IRAC Norms CC003 – Double / Multiple crop 24 months from the repayment
due date

CC028 – Mono crop - Kharif / 24 months from the repayment

Rabi due date

CC029 – Single crop for 12 -do-

months

CC025 – Long term crop 18 months from the repayment

due date

6.23. Other important points

● The revenue records when obtained first time, it should not be older than 6 (Six) months.
Thereafter fresh revenue records should not be insisted upto 3 years unless on local inquiry
there is an addition / decrease in land area / survey number or any adverse change

215 | Page
option of insured farmer. Where value of the threshold yield is lower than the Scale of Finance, higher
amount shall be the Sum Insured.

7.3.2 Premium Rates and Coverage: PRADHAN MANTRI FASAL BIMA YOJNA

S.No. Season Crop covered Maximum Insurance charges payable by

farmer (% of Sum Insured; SI)

1 Kharif Food & Oilseeds crops (all cereals, 2.0% of SI or Actuarial rate, whichever is
millets, & oilseeds,pulses ) less

2 Rabi Food & Oilseeds crops (all cereals, 1.5% of SI or Actuarial rate, whichever is
millets, & oilseeds,pulses ) less

3 Kharif & Annual Commercial / Annual 5% of SI or Actuarial rate, whichever is less

Rabi Horticultural Crops

7.3.3 Claim Payouts:

1. Yield Loss claim payout = (Shortfall in Yield / Threshold Yield) * sum Insured

(Shortfall in yield = Threshold Yield- Actual Yield)

2. Assessment of prevented Sowing: The crop-wise scale of payment, upto a maximum of 25% of Sum
Insured shall be worked out based on a notified pay-out structure on the occurrence of pre-declared
events such as month-wise deficit in aggregate rainfall during a specified period assessed through
Reference Weather Stations tagged for the Notified / Group of Notified Area.

3. Post- Harvest Loss Assessment: Loss assessment and indemnity procedures in case of occurrence of
Post Harvest Loss shall be for a cluster of affected farms or affected village and the settlement of
claims, if any, will be each insured farmer covered under assessment.

All the loanee farmers must be covered to mitigate the risk of default caused due to adverse weather
conditions. This is a win – win scheme for both the borrowers and the banks. It will reduce the debt
burden of the farmers. It will give stable income to farmers under adverse weather conditions and prevent
the crop loans slipping to NPA category.

7.4 Cut-off dates

The cut-off date is uniform for both loanee and non-loanee cultivators. The Statewise cut off dates for
different crops shall be based on Crop Calendar of major crops published from time to time by the
Directorate of Economics and Statistics and Department of Agriculture.

219 | Page
 Activity Kharif Rabi

Loaning period (loan sanctioned/ April to July October to

renewed) for Loanee farmers December

covered on

Compulsory basis.

Cut-off date for receipt of 31 July 31 December

Proposals of

farmers/debit of premium from

farmers

account (loanee and non-

loanee).

Cut-off date for receipt of Within 15 days for loanee farmers and 7 days for non loanee farmers
consolidated after cut-off

Declarations/ proposal of Loanee date

farmers

covered on compulsory basis and

non-loanee farmers covered on
Voluntary basis from Bank
branches (CBs/ RRBs) to
respective insurance companies
and DCCBs for PACS.

Uploading of soft copy of the Within 15 days after cut-off date for collection of premium from
details of farmers.

individual insured farmers by

Commercial banks /RRBs / PACS

/

Intermediaries

BARODA KISAN TATKAL LOAN SCHEME

8.1 Purpose:

An instant credit for farming community to meet the emergent funds requirements for Agriculture
and domestic purposes during off season such as purchase of bullock, implements, storage/packing
material ,storage structures, onion sheds, purchase of pump set, pipes for irrigation etc. and also
domestic requirements for various religious ceremonies, festivals, emergent medical expenses and
other emergency expenses etc.

220 | Page
8.2 Eligibility:
Individual Farmers/Joint borrowers who are existing Baroda Kisan Card (BKCC) Holders.

8.3 Type of Loan:

Term Loan repayable in 3-5 years or Overdraft facility for a period of 12

months.

8.4 Maximum Loan amount:

Limit may be fixed as under:

BKCC Limit up to Maximum Tatkal Limit

Up to Rs.5.00 Lacs 50% of BKCC limit subject to

max of Rs.1.00 lacs

More than Rs.5 Lacs but up to Rs.2.00 lacs

Rs.10.00 lacs

More than Rs.10 Lacs but up to Rs.3.00 lacs

Rs.20.00 lacs

More than Rs.20 lacs Rs.5.00 lacs

● This is subject to the condition that the Tatkal limit now being sanctioned
should be within the eligible limit under Investment Line of Credit in BKCC (as

per details in circular No.BCC:BR:100/50 dated 23.02.2008 – given below for

ready reference) i.e. the income and value of security conditions should be

met and this Tatkal limit should be deducted from the eligible/available quantum of finance for investment
credit also.

1.Income Farm Income 6 times of net annual income

OR

3 times of total annual farm

receipts/value of

crops (anticipated from the farm, taking

into

consideration the type of crops, area

under

cultivation, etc.)

PLUS

221 | Page
 Other 3 times of net anticipated annual
income/ profit
income/income
from economic activities/allied activities
from allied activities
( existing and proposed to be
and salary income,
undertaken) /salary income
if any
if any.

OR

2. Value of 75% of value of land mortgaged

as collateral security and 100%
Security
of

value of other securities like

assignment of LIC Policy
(surrender

value), pledge of KVPs/

NSCs/Bank’s TDR/Gold
Ornaments etc.

Whichever is less out of 1. Income and 2. Value of Security

8.5 Security:

● Existing security under BKCC to be extended

● The existing norms of no collateral security up to Rs.1lac to be followed if combined
limit is within Rs.1 lac.
8.6 Repayment (For term Loan) :

upon the income generation and

cropping pattern.

8.7 Rate of interest:

As per rates applicable to Farm Credit under Agriculture from time to time.

8.8 Deviation:

for approval, as per the extant guidelines contained in circular No.

BCC:BR:107:186 dated 23.04.2015, issued by Large Corporate Banking

Department, BCC, Mumbai.

8.9 Penal Interest and other charges.

As per norms applicable to direct Agricultural advances from time to time.

8.10 Finacle Codes: 222 | Page

The accounts are to be opened in the relevant scheme codes in Finacle as given below:
For Term Loans: LA420
For Overdraft Accounts: OD022
Margin:

Minimum of 25%,

In case of tie up arrangement with Collateral Managers: 25% or as prescribed by Collateral Managers,
whichever is higher. (The margin should be increased if there is volatility of price for a particular
commodity). The valuations of the commodity will be the indicative price as advised by the CM or the
market price, whichever is lower.

Nature of Facility:
▪ In case of Farmers: Demand Loan.
▪ For others: Cash Credit (Pledge)
Tenor: Maximum 12 months.
Finacle Code:

▪ LA426- For Demand loan to farmer against WR/SR issued by CM

▪ CC007- For Cash Credit against WR/SR issued by CM

Classification of Loans:

▪ For individual and other farmers, loans up to Rs 50 lacs will qualify for Agriculture advances
category as per extant guidelines of RBI regarding classification of Priority sector advances.
▪ Loans up to Rs 5 Crores per unit to Micro & Small Enterprises (Services) and up to Rs10 crores
to Medium enterprises(Services) fulfilling criteria of Micro, Small & Medium Enterprises under
MSMED Act 2006, should be classified as “Loans to Service Enterprises” under MSME of Priority
Sector.
▪ In case of Food processing units, storing the commodity in warehouses till processing can be
considered under Food processing up to Rs. 100 Crores, which has to be classified under
agriculture e.g. Dal, Rice etc.

SCHEME FOR FINANCING MINI DAIRY UNITS

In order to support famers to increase their household income through adoption of improved dairy
farming and also to tap the business potential available in the segment, a special Scheme formulated on
Dairy on pan India basis.
Parameter Approved Norms

Type of Facility Term Loan

Purpose To establish new small dairy units with -2- to -10- milch animals

Eligibility Individuals, farmers, members of NGOs/SGHs/JLGs.

Age Minimum: -21- years

Maximum: up to -65- years, as on the date of availment of facility

Loan Amount Rs. 60,000/- per animal, subject to maximum of Rs.6,00,000/-

No. of animals to be financed under the Scheme:

Minimum: Two & Maximum: Ten

240 | Page
 aloes producing more than -7- litres of milk per day and cows producing
more than -8- litres of milk per day ONLY, preferably of the following
breeds, are to be financed under the Scheme:
Cross breed: Jersey cross, Holstein Friesian cross

Buffalo: Murrah breed, Graded Murrah, Mehsana, Jaffarabadi,

Godavari, Bhadawari, Surti

Indigenous breed of cows: Sahiwal, Tharparkar and Red Sindhi

Margin 10%

Rate of Interest Limit up to Rs.3 lacs: @ one-year MCLR+SP (BCC:BR:108:179 dated.

21.04.2016)

Limit above Rs.3 lacs & up to Rs.6 lacs: one-year MCLR+ SP +0.25 %
(BCC:BR:108:179 dated. 21.04.2016)

Repayment Maximum period: Not exceeding –5- years (including moratorium

period of three months).

Security Loans up to Rs.1 Lac:

Hypothecation of livestock

Loans above Rs.1 Lac and up to Rs.2 lacs:

1. Hypothecation of live stocks.

2. Mortgage of land or third-party guarantee.

Loans above Rs.2 Lacs:

1. Hypothecation of live stocks.

2. Mortgage of land

3 Third party guarantee, if stipulated.

Documentation D.P. Note.

Composite Hypothecation Agreement for Agriculture Finance (LDOC-

28A)

General Form of guarantee, if third party guarantee is stipulated

Authority to make direct payment to dealer

Processing Charges/ Nil (As applicable to Agriculture advances up to Rs.10 lacs) Nil (As
applicable to Agriculture advances up to Rs.10 lacs)
Documentation
charges

Subsidy NABARD is providing subsidy @25% of the outlay (33.33% for SC/ST)
as back ended capital subsidy subject to a ceiling of Rs.1.25 lac for a
unit of -10- animals (Rs.1.67 lacs for SC/ST). Maximum permissible
capital subsidy is Rs. 25,000/- (Rs. 33,300/- for SC/ST) for a two-animal

241 | Page
 unit. Subsidy is restricted on a pro-rata basis depending on the unit
size.

Finacle Code LA428: for TL/DL Mini dairy units

DAIRY ENTREPRENEURSHIP DEVELOPMENT SCHEME (DEDS)

The main objective of the scheme was to extend assistance for setting up small dairy farms and other
components to bring structural changes in the dairy sector.

Eligibility
● Farmers, individual entrepreneurs, NGOs, companies, groups of unorganized and organized
sector etc. Groups of organized sectors include self-help groups, dairy cooperative societies, milk
unions, milk federations etc.
● An individual will be eligible to avail assistance for all the components under the scheme but only
once for each component
● More than one member of a family can be assisted under the scheme provided they set up
separate units with separate infrastructure at different locations. The distance between the
boundaries of two such farms should be at least 500m.

Funding pattern
● Entrepreneur contribution (margin) for loans beyond 1 Lakh- 10 % of the outlay (minimum)
● Back ended capital subsidy - 25% of the outlay for General Category, 33.33 % for SC/ ST farmers.
The capital subsidy will be back ended with minimum lock-in period of 3 years.

Repayment
Repayment Period will depend on the nature of activity and cash flow and will vary between 3- 7 years.
Grace period may range from 3 to 6 months in case of dairy farms to 3 years for calf rearing units.

Time limit for Completion of the project

● Time limit for completion of the project (except for calf rearing units where disbursements are
expected to continue till two years) would be as envisaged under the project, subject to maximum
of 9 months period from the date of disbursement of the first instalment of loan which may be
extended by a further period of 3 months, if reasons for delay are considered justified by the
financial institution concerned.
● If the project is not completed within the stipulated period, benefit of subsidy shall not be
available and advance subsidy placed with the participating bank, if any, will have to be refunded
forthwith to NABARD

FOOD & AGRO BASED SCHEMES

Scheme for Financing Units Engaged in Processing Activities Of:
1) Oil Mill/ Solvent Extraction
2) Rice/ Dal/ Flour Mill
3) Seed Processing/ Agro Processing
4) Food Processing
5) Cotton Ginning and Pressing Mills and Cotton Seed Oil Extraction (Comprehensive Units)

Purpose:
● Working capital requirements
● Financing new project i.e. acquisition/construction of land & Building and Plant & Machinery
based on the project cost including takeover of existing units.
● Non-Fund based facilities (i.e. Bank Guarantee and Letter of Credit)

242 | Page
 Particulars Pradhan Mantri Jeevan Jyoti Bima Pradhan Mantri Suraksha Bima Yojna
Yojna

Type of Insurance Life Insurance Accidental Insurance

Eligibility All saving Bank account holders All saving Bank account holders
within the age group given within the age group given
below. below.

The insurance premium amount The insurance premium amount

will be directly debited to their will be directly debited to their
account. account.

Sum Insured Rs. 2 lacs Rs.2 lac

Period 1 Year 1 Year

Age limit 18-50 Years 18-70 Years

Cover Rs. 2 lacs payable on death due ● Accidental death & full disability
to any reason. Rs. 2 lakhs
● Partial disability Rs. 1 lac
Yearly premium Rs.330 + Service Tax Rs.12 + Service Tax

Commission to Rs. 30 to BC & Rs.11 to Bank + Rs.1 to BC & Rs.1 to Bank + tax
Bank from tax
premium amount

The insurance cover shall be for one-year period starting from 1st June to 31st May for which
premium will be required to be paid from account of the customer by 31st May every year.

Wef 01.06.2016 lien clause will be implemented in the rules of PMJJBY i.e. the risk cover will commence
only after the completion of 45 days from the date of enrolment into the scheme by the member.
However, the death due to accident is exempted from the lien claus

Atal Pension Yojana (APY)

A pension scheme for citizens of India, is focused on the unorganised sector workers. APY is being
administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the overall
administrative and institutional architecture of the National Pension System (NPS). Under the APY,
guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be
given at the age of 60 years depending on the contributions by the subscribers.

Any Citizen of India can join APY scheme. The following are the eligibility criteria: -

(i) The age of the subscriber should be between 18- 40 years.

(ii) He / She should have a savings bank account.

The prospective applicant may provide Aadhar and mobile number to the bank during registration to
facilitate receipt of periodic updates on APY account. However, Aadhar is not mandatory for enrolment.

The contributions can be made at monthly/ quarterly/ half yearly intervals through auto debit facility from
savings bank account of the subscriber. The subscribers are required to contribute the prescribed
contribution amount from the age of joining APY till age 60. The details of age-wise, pension-wise and

256 | Page
MSME LENDING

MSME classification as per ACT

MSMED Act was operationalized with effect from 2nd October 2006, which defines an “enterprise” instead
of an “industry” to give recognition to service sector and also defines a “medium enterprise” .

Section 7 of the Act protects the sector by restricting the investment in Plant & Machinery in case of
manufacturing enterprises and investment in equipments for service enterprises as below with effect
from 2nd Oct. 2006:

Particulars Micro Enterprises Small Enterprises Medium Enterprises

Investment in Plant & Not Exceeding Above Rs.25lakh up Above Rs.5cr to not
Machineries in case of Rs.25 lakh to Rs.5cr exceeding Rs.10cr
Manufacturing Enterprises
Investment in Equipment in case Not Exceeding Above Rs10lakh up Above Rs.2cr to not
of Service Sector Enterprises Rs.10lakh to Rs.2cr exceeding Rs.5cr
New Definition

The union cabinet recently Annual Turnover not Annual Turnover Annual Turnover
approved a change in the exceedingRs. 5 Crore more thanRs. 5 Cr more than Rs. 75 Cr
definition) of Micro, Small and but not exceeding Rs but not exceeding Rs
Medium enterprises (MSME), to 75 Crore 250 Crore
base it on their turnover as
against investment in plant&
machinery/ equipment. The
Micro, Small and Medium
Enterprises Development Act,
2006 will be amended
accordingly to reflect the new
definition. A change in definition
of MSME assumes significance as
it is used to provide a number of
incentives such as capital,
interest and technology/market
promotion subsidy by the central
and state governments.This
change will be growth oriented
and align them to the new tax
regime revolving around GST.
This change will also facilitate
ease of doing business. At
present the bill is pending in Lok
Sabha.

Manufacturing Enterprise: is an enterprise engaged in manufacture/production or preservation of goods

and whose investment in plant and machinery (original cost excluding land and building and the items
specified by the Ministry of Small Scale Industries) does not exceed as mentioned in above table.

265 | Page
 1. Menu HACMLA/HACM
Others - Account Label- Blank or MSME
MIS – Purpose of advance – Any income generating activity
MIS- Sector code- 180 or 200
MIS- Free text code 14- 100

2. Menu HBAIM
Borrower’s additional information-modify-customer-
General details tab- Investment in plant &machineries(mfg)- if more than Rs. 10 cr
Equipments (Services) - if more than Rs. 5 cr
Turnover –up to Rs. 250 cr

*********

(Static part )
10.4 MSME Lending
10.4.1 Assessment of Working Capital

As per our Bank’s Global Credit Exposure Management Policy, 2018 following methods are adopted for
working capital limit assessment:
Borrower Type Method of lending for fund based working capital
requirement
Micro & Small Enterprises working capital Higher of First Method (or) Turnover Method (Min
requirement Up to Rs. 5/- Crore 25%)#
Micro & Small Enterprises working capital Higher of First Method (or) Turnover Method (Min
requirement Above Rs. 5/- Crore 20%)
Higher of First Method (or) Turnover Method (Min
Medium Enterprises
20%)
All other borrowers requiring working capital
Second Method
finance up to Rs. 10/- Crore
All other borrowers requiring working capital
Cash flow Method%
finance above Rs. 10/- Crore
#
In case digital sales turnover exceeds 25% of total/assessed turnover, additional 5% of the digital
sales turnover will be added to the total assessment of working capital i.e. 30% of turnover of digital
sales and 25% of non-digital sales added together will be the working capital limit.

%
If cash flow projections etc. are not available then the Second Method may be applied after
satisfying that working capital requirements are based on operating cycle.

MARGIN:
(a) For Term Loan
In case of factory land & building, overall margin of 30%
In case of Plant & Machineries and Equipment margin is proposed at 25%
In exceptional cases, finance may be made available against second hand imported machinery,
with a minimum margin of 40% at the discretion of sanctioning authority, keeping in view the
extant guidelines for financing against second hand machinery.

(b) For Working Capital

25% uniform margin is proposed on stocks and receivables. For export credit margin may be
stipulated @ 10 %.

268 | Page
iv. Review (including review with decrease in limit) of accounts at the existing level.
v. In case of review with increase only existing limit is excluded whereas increased portion will be
counted for cap limit.
vi. Sanction of retail loans to the Proprietor/Partners/Directors of a firm/ company stands de-linked from
per party/group discretionary lending powers.
vii. As per circular No. BCC:BR:106:192 dated 26.05.2014 sanction of Agriculture Loans to the individual
director/Partner/Proprietor of a company/ firm is delinked from per party/Group discretionary lending
powers.
This provision of annual cap will not be applicable to GMs, the in-charge and second line
officers of Central Processing Cells (CPCs) of Retail Lending / Urban Retail Loan Factory and
SME Loan Factory.
Depending upon business needs the sanctioning authority may be authorized to exceed the annual
ceilings by the next authority not below the level of Asst. General Manager, by considering suitable
increase in the ceiling.

3.0 Ratio at a glance:

RATIO FORMULA Interpretation and benchmark
Current Ratio Current Assets/ Current Ability to meet current liabilities
Liabilities (1.33is desirable) Higher the ratio better the liquidity. Short fall may indicate
diversion of short term fund.
Debt-Equity TOL/ATNW Coverage of outside liabilities to own fund. Lower the ratio
Ratio TTL/ATNW higher the safety. As per loan policy,
TTL/TNWmax3:1&TOL/TNWmax4.5:1,
FACR Net Block of Fixed Assets Term Extent
(Fixed Assets Liability towhichFAscoverTermLiabilities.Morethan1isdesirable.
Coverage Ratio
Debt-Service (PAT+ D e p . + I n t t on Loan)/ Debt Servicing Ability.
Coverage Ratio (Instalment ofT L + I n t erest To work out repayment capacity. Minimum must be 1.25
on Loan) (Except 1.00 in case of Micro &Small SME) in and Average
should be at least
1.75. Total of numerators to be divided by total of all
denominators to calculate average DSCR. In case of real
estate DSCR is not relevant since there payment is made
out of sale of assets which is proposed to be financed.
Inventory (Total Closing Stock x Efficiency of Inventory Management Holding Period of
holding 365)/Cost of Sales Inventory.
period
(No. of days)
Raw material (Closing RM X365)/
holding period Raw Material Consumed
(days)
SIP holding (Closing SIP X365)/Cost of
period (days) Production

Fin. Goods (Closing FG X365)/Cost of

holding period Sales
(days)
Debtor turnover (Closing Debtors x 365)/ Gross Credit policy of the unit/ firm.

299 | Page
Ratio (No of Credit Sales AveragePeriod of the credit extended to
Days) customers.
Creditor (Closing Creditors x 365)/ Ability to get goods on credit.
Turnover Ratio Credit Purchases Ability to repay
(No. of days)
Operating (PBDIT –Other income X Operating Profitability
Profit 100)/Net Sales Efficiency of Production and Pricing.
Margin
Net profit (Profit After Tax X 100) /Net Net Profit margin on business.
Margin Sales Overall efficiency of the unit.
Earning left for Dividend.
Return on (PBIT-OI X 100)/ (CE Measures efficiency of capital
Capital +TL(<1yr) + BB-FIOB) employed in the business
Employed
Interest (PBDIT X 100)/ Interest It measures the ability to pay
Coverag interest-due from the operating
e Ratio cash flows of the firm.
Break Even BEP in Qty.= (Fixed Cost)/ BEP of the Unit. High BEP is risky
analysis (Contribution per unit) Contribution of Profit to meet
Fixed cost of the Unit.
Contribution means SP per unit Sales Means Net Sales.
minus VC per unit
In our bank, BEP to be calculated
BEP Sales = BEP in units X SP in all proposal including TL of
per unit Rs. 20 crores and above.
Margin of Safety (Sales Value - BEP % of variance, sustainable by the unit. Cushion available
MOS Sales)/Actual Sales in case of variance.

3.1 Pricing of the loan

Pricing of Loans is quite crucial for bank‘s business. Bank follows a transparent pricing policy and
is also guided by RBI on Government directed/ sponsored lending.
The credit rating/scoring in respect of the borrower enjoying credit facilities above Rs.2 Lacs but
less than Rs.25 Lacs shall continue, even-though the pricing is de-linked, for determining the credit risk
perception
For loans of Rs.25 Lacs and above pricing continues to be determined by the rating of the
borrower with appropriate spread.
As per BCC BR 110 304 dated 11.06.2018, Revised ROI for MSME (Regulatory/ Expanded)
Rs.25.00 lacs to Rs.5.00 Crs (FB & NFB) has been aligned to hard security coverage and CMR rating.

3.2 Existing Base Rate Framework:

Reserve Bank of India vide its circular no.: RBI/ 2009 - 10/ 390 DBOD. No. Dir. BC 88/13.03.00/ 2009-
10 dated 9th April, 2010 had issued guidelines on introduction of Base Rate System w.e.f. 1st July, 2010
in place of Benchmark Prime Lending Rate System. Accordingly, our bank had issued a circular
BCC:BR:102:178, dated 30th June, 2010 on the Base Rate Framework. In addition to Base Rate tenor
premium was also applicable in term loan accounts as under:
Period Tenor premium
Above 1 year to three years 0.05%
Above three years to 10years 0.20%
Above 10 years 1.00%

300 | Page
 ● KYC, AML/CFT requirement are as per RBI guidelines
● Cards cannot be used in India, Nepal & Bhutan

FEMA – (Foreign Exchange Management Act-1999):

● All transactions in foreign exchange are governed by Foreign Exchange Management Act-1999.
● FEMA came into effect from 1st June 2000 replacing the stringent and draconian FERA of 1973
(Revised in 1993)
● The object of FERA was to conserve the foreign exchange resources. The objective of enactment
of FEMA, on the other hand, is to manage foreign exchange resources and facilitate external trade and
payments for promoting the orderly development of foreign exchange market in India.
The difference between FERA and FEMA can be summarized as under: -
Feature FERA FEMA
1 No. of Sections 81 sections 49 sections
2 Features Presumptions of Mens Rea and Presumptions of Mens Rea
Abatements and Abatements excluded
3 Definition of Terms Capital/Current Transaction Person, Service These transactions/terms are
etc. not defined well defined Banks
4 Concept of Authorised Concept of authorized persons was limited Authorized moneychangers,
Person to ADs and AMCs andoff shore-banking Units
5 Definition of Resident Resident/Non-Resident definition different This definitions in harmony
from in Income Tax Act with Income Tax Act
6 Nature of Offence Violations are criminal offences punishable Violations are civil offences
with imprisonment punishable with monetary
penalties
7 Provision of Arrest Sweeping powers to officer of ED to arrest Powers to arrest and
a person alleged to have committed offence imprisonment Is restricted
under the contract and prescribed only when one
fails to pay monetary penalty
8 Amt. of Monetary Could be as much as five times the amount Decreased to three times the
Penalty involved amount involved in the
transaction
9 Right of Impeded Impeded person did not have the right to Impeded person has a right to
Person to take take legal assistance of Lawyer or take legal assistance of
assistance Chartered Accountant Lawyer or Chartered
Accountant
10 Power of Police Sweeping powers Restricted powers
Officers / ED

Under Foreign Exchange Business, at present following two types of transactions are
covered:
Current Account Transactions – Imports and Exports of goods and services like Banking, Insurance,
Travel etc.
Further, Current Account Transactions: means a transaction other than capital account transaction and
includes:
● Payments due in connection with foreign trade, other current business, services and short-term
banking and credit facilities in the ordinary course of business,
● Payments due as interest on loans and as net income from investment,
● Remittances for living expenses of parents, spouse and children residing abroad, and
● Expenses in connection with foreign travel, education and medical care of parents, spouse and
children

Capital Account Transactions – Transactions, which alters the assets or liabilities including contingent
liability outside India of persons of resident in India OR assets or liabilities in India of persons

355 | Page
ACCELERATED PROVISIONING

In cases where Banks fail to report SMA status of the accounts to CRILC or resort to methods with the
intent to conceal the actual status of the accounts or evergreen the account, Banks will be subjected to
accelerated provisioning for these accounts and/ or other supervisory actions as deemed appropriate by
RBI (Annexure II).

Reserve Bank of India will provide Bank user ID in order to access XBRL based electronic filing platform
site which BCC will be further providing to all the Zones & CFS Branches in first phase to facilitate Users
to access Data base related to large Borrowers credit history (more than Rs. 5 Crs. from 1st July 2014).
Zones/ CFS Branches should effectively use the data while Processing/ Reviewing Credit proposal

Implementation of Resolution Plan.

All lenders must put in place Board-approved policies for resolution of stressed assets under this
framework, including the timelines for resolution. As soon as there is a default in the borrower entity’s
account with any lender, all lenders − singly or jointly − shall initiate steps to cure the default.

384 | Page
 these guidelines, "long duration" crops would be crops with crop season longer than one year
and crops, which are not 'long duration" would be treated as "short duration" crops.

(iv) While fixing the repayment schedule in case of rural housing advances granted to agriculturists
under Indira Awas Yojana and Golden Jubilee Rural Housing Finance Scheme, banks should
ensure that the interest/instalment payable on such advances are linked to crop cycles.

Revised IRAC norms for Agri advance: Revised IRAC norms for Agri advance: IRAC

norms for short term & long term crops are as per the below table:

Sl. Cropping Crop cultivation period Repayment due date(fixed)

No. pattern (Loan disbursement
period)

Short Term Crop:

1. Mono Crop (Kharif 1st April to 30th Maximum 12 months from the first
/ Rabi) September(Kharif season) and
disbursement date in case of new accounts or
1st October to 31st March(Rabi
season) maximum 12 months from first withdrawal
date after renewal of crop loan in case of
renewed accounts (to be synchronized with
harvesting of crop)
2. Double/Multiple Kharif & Rabi seasons Maximum 12 months from the first
Crops disbursement date in case of new accounts or
maximum 12 months from the first withdrawal
date after renewal of crop loan in case of
renewed accounts. (to be synchronized with
harvesting of crop)
3. Single crop for 12 As per crop needs all round the Maximum 12 months from the first
months year
disbursement date in case of new accounts or
maximum 12 months from the first withdrawal
date after renewal of crop loan in case of
renewed accounts

Long Term Crop:

4. Long term crops All round the year as per crop Maximum 18 months from the first
(More than 12 needs
disbursement date in case of new accounts or
months)
maximum 18 months from the first withdrawal
date after renewal of crop loan in case of
renewed accounts.

396 | Page
Example: Repayment due date, IRAC norms and Agri interest subvention for different crop seasons /
cropping pattern under BKCC Scheme are given below:

Sr. Particulars Mono crop Double/Multiple Single crop for Long Term Crop
No. Crops 12 months
(Kharif/Rabi)

1 Scheme Code CC028 CC003 CC029 CC025

2 Sanction Date 01.04.2018 01.04.2018 01.04.2018 01.04.2018

3 Repayment 31.03.2019 31.03.2019 31.03.2019 30.09.2019

due date
(Maximum 12 (Maximum (Maximum (Maximum 18months
months from the 12months from the 12months from from the first
first disbursement first disbursement the first disbursement date in
date in case of new date in case of disbursement case of new accounts
accounts or first new accounts or date in case of or first withdrawal
withdrawal date first withdrawal new accounts or date after renewal of
after renewal of date after renewal first withdrawal crop loan)
crop loan) of crop loan) date after
renewal of crop
loan)

4 Date of 01.04.2019 01.04.2019 01.04.2019 01.10.2019

overdue

5 Date of NPA 31.03.2021 31.03.2021 31.03.2021 31.03.2021

6 Interest At simple interest At simple interest At simple interest At simple interest up

Application up to 31.03.2019 up to 31.03.2019 up to 31.03.2019 to 30.09.2019 and
and thereafter and thereafter and thereafter thereafter
compounding at compounding at compounding at compounding at half
half yearly rests ,if half yearly rests ,if half yearly rests, yearly rests, if not
not paid on or not paid before due if not paid before paid before due date
before due date date due date

7 Agri interest Up to 31.03.2019 or Up to 31.03.2019 or Up to 31.03.2019 As per RBI guidelines,

Subvention actual date of actual date of or actual date of interest subvention is
payment whichever payment whichever payment available for short
is earlier is earlier, subject to whichever is term crop loans.
maximum period of earlier subject to Hence, interest
12 months. maximum period subvention and
of 12 months. prompt subvention
will not be available
under this category.

8 At Normal From 1st April 2019 From 1st April 2019 From 1st April From 1st October
lending rate 2019 2019

(*) Agri interest subvention is available only in case of short term crop loans only, subject to maximum
period of 12 months.

CREDIT CARD ACCOUNT: If the account due is unpaid for -90- days.

GOVERNMENT GUARANTEED ADVANCES:

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 6. SARFAESI PROCESS - FLOW CHART

Demand Notice u/s 13(2) of 60

days
Objection if any, by
the Borrower
/Guarantor

Reply to objection by
the Authorized Officer
within 15 days

Possession after 60 days on Demand Notice-13(4)

Notice Demanding Possession

Symbolic Actual /
Physical

Possession Notice Publication within 7 days

If, Actual Possession
not received

Application to
DM/CMM u/s 14

Fixation of Reserve Price

Sale Notice (30 days)

Public Auction/E-
Inviting Tender Auction Private Treaty

Sale
Issuance of Sale Certificate

417 | Page