‘Annexure REMUNERATION/ CHARGES FOR BUSINESS CORRESPONDENTS. Activities Based Existing Charges / Remuneration and Revised Changes / Remuneration TRANSACTION BASED CHARGES/REMUNERATION: ISN| Aetivity Existing Remuneration Revised Remuneration 4 2 3 4 [CustomerMobilizationActivities 7 OpeningofSavingsBank JRs.20/-per account IRs.20/- in two stages: \Account \i) Rs. 10/- at the time o pening of account and remaining i) Rs. 10/- after minimu faa of Rs.100/- in th [account opened. 2 Ppening of __RORRs.5/- per account INo change [Accounts 3 Openingof FD [RS.5/- per account INo change ounts cat RetailLoans | 0.5%of loan ‘amount No change Kec GCC sanctioned, subject tominimumofRs.25/- and {As of now BC Agent has maximum of Rs.5000/-. 50% of the amount payable shall be paid after the first disbursement of the loan & the remaining 50% shall be paid one year thereafter if the account continues to be a standard asset. 10 Sanctioning power of feredit facility)hese charges would be paid @ o 150% of the normal rates for the BX outlets in: la. The eight North Eastern States ISikkim, Assam, Arunachal Pradesh, Nagaland, Manipur Mizoram, (Tripura and Meghalaya. b. Other hilly States of Himachal Pradesh, Jammu & Kashmir and ttarakhand lc. Difficult States of Chhattisgarh, Jharkhand and Rajasthan 6. [Cash Handling aa the rate of 0.40% of the totaINo change in rate but mount of cash handled. Howevermaximum cap of Rs. 50 / F account per day. 3rd Party Financial products like Insurance (Life &Non-Life), Pension etc. with prior approval of the Bank (subject to regulatory approvals, and the product not being sold by the (i) 60% of the commission Bank earns in case of Micro Insurance product. (ii) 25% of the commission Bank ears for other 3rd party products. (i) PMJJBY- Rs.30/- per enrolment. (i) PMSBY- Rs.1/- per enrolment Note: For Both the above schemes Bank share is Rst- & sth in addition to BC Share. (ii) APY-50% of the commission Bank eams (Rs.50/- per enrolment) 7.4 overhead expenses after saving linkage of SHG Bank) ISHG& JLG For formation & [Not exceeding Rs.1000/- per No change promotion, including |SHG / JLG formed and credit 7 | credit linkage. linked with the Bank in stages as under For stationery & [Rs.300- No change[7.2] Four months after [Rs.300/- saving linkage of SHG. jo change Immediately after [Rs.400/- "> credit INo change INon-Cashtransactions Remittance / Fund Rs.10/-pertransaction 8 | Transfer 40% of the transaction) amount maximum of Rs.t0/- 9 Balance Enquiry i INo change Il, SHARING OF COMISSION ON CHARGEABLE SERVICES AT BC LOCATION : Inter Sol Transactions — Cash Handling Charges '$ | Amount of Inter sol Txns. Existing Charges N (BC Share) Revised charges 1.2% with minimum of Rs.15/ Y= Sere eee and maximum- Rs.100/- 0.40% of transaction amount with maximum of Rs. 10,001/o Rs.15,000/- | Rs.75/- Flat Rs.50/- per account per day 2 3 | Rs.15,001/- to Rs.20,000/- | Rs.S0/- Flat 4 | Rs.20,001/- to Rs.25,000/- | Rs. 105 /- Flat Indo Nepal Remittance Charges : Up to Rs.5000/- Rs.25/- Rs.5000/- to Rs.10000/-_ | Rs.50/- Rs.10,001/- to Rs.1,000/- | Rs.75/- Rs.15,001/- to Rs.20,000/- | Rs. 100/- 0.40% of transaction Rs.20,001/- to Rs.25,000/- | Rs. 125/- amount with maximum of Rs.4/- per thousand Min. of Rs.125/- @ Jalaapn]— Above Rs.25000/- Rs.50/- per account per day ‘Sharing Pattern- BC : 60%&Bank : 40%IMPS Transactions Upto Rs.10000/- 1.2% of _ transaction amount Minimum-Rs.15/- | 0.40% of transaction amount & Max-Rs.60/- with maximum of Rs.S0/- per Above 10000/- 0.60% of transaction | account per day amount ( Max-Rs.60/-) OTHER CHARGES: a. Fixed Charges: ‘SN. Nature Existing charges _| Revised charges 7 Fixed amount to BCA (70% of total Fixed charges) for Contract Period 3500 3600/- for only mandatory BCAs deployed at SSA who are doing login for minimum 20 days in a month and variable remuneration per month is 10000/- or less. Supervisory Charges to CBC/ BCO (30% of total Fixed charges) for Contract Period 1,500/- per BCA Nil per monthb. Variable Charges: SN. Existing Charges Revised Charges 7 BCAs to get minimum Rs.1800 as variable component so that they get minimum of Rs.6000/- (Rs. Five thousand only) per month as remuneration, The variable component of Rs. 1500/- shall be payable subject to condition that from the 3rd month of commencement of operation BCAs to record minimum 25 transactions or 25 fresh enrolment of customers. BCAs are required to work at least 20 days in a month Mandatory BCAS deployed at SSAs to get minimum RS. 1500 as variable component so that they get minimum of Rs. 5000/-(Rs. Five Thousand only) per month as remuneration. The variable component of Rs. 1500/- shall be payable to mandatory BCAs deployed at SSAs subject to condition that from the 3° month of commencement of operation BCAS to record minimum 50 transactions or 50 fresh enrolment of customers. BCAs are required to work at least 20 days in a month. Further, in case of transaction / activity based variable component of remuneration, 50% of remuneration worked out for BC Agents, as per existing rate shall be absorbed towards variable component upto Rs.1,500/-. Remaining amount shall be paid to BCA as per sharing pattern, Applicable only for mandatory SSAs c. Other Charges: ‘SN. Existing charges Revised charges An incentive of 0.10% for cash handling (Both Deposit & Withdrawal transactions) payable to the BC Agents which contribute/ arrange cash for operations. itis scrapped1% per annum incentive in accounts opened at BC outlets having average half yearly balance more than Rs.1,000/- subject to Zero balance accounts should be less than 40% in numbers under that 1% per annum incentive in accounts opened at BC outlets having average half yearly balance More than Rs.1,000/- subject to Zero balance accounts should be 2 particular SSA. This 40% level of Zero} less than 10% in numbers under balance accounts will be brought down to | that particular SSA. This 10% level 25% in a phased manner by 5% every | of Zero balance accounts will be quarter. brought down to 5% in a phased manner by 1.25% every quarter. IV. Sharing pattern of commission / fees etc for Corporate BC, BCO and BCA: “i Existing Share Revised Share SN. Particulars of Pay it ‘i ee CBC:BCO:BCA | (CBC&BCO):BCA Charges on Fl activites for Other a aaa 10:20:70 2 | Charges on Fl activities for CSC. 5:15:80, 20:80 Other charges (Where customer is 3 | charged i.e. Inter sol transactions, 10:25:65 IMPS, Indo Nepal remittance etc)