Bank Branch Audit Fees admissible to the Auditors for Bank Branch Audits

The Schedule of Bank Branch Audit fees admissible to the auditors for the audit work of the branches, depending upon the quantum of advances (as on the date with reference to which audit is conducted) will be as under:-

Category of branches according to                                                                       Rate of audit fees
the quantum of advances as on 31.03.2015                                                              
                                                                                                                                    (Rs.)
a)      Cells like CCPC/RACPC/RASMEC/SARC etc.                                                    14,375/-
         (Advance level Nil)
b)      Upto Rs. 10 crores                                                                                            40,250/-
c)      Over Rs. 10 crores upto   Rs. 20 crores                                                            57,500/-
d)      Over Rs. 20 crores upto   Rs. 30 crores                                                            79,350/-
e)      Over Rs. 30 crores upto   Rs. 50 crores                                                            1,20,750/-
f)       Over Rs. 50 crores upto   Rs. 75 crores                                                            1,38,000/-
g)      Over Rs. 75 crores upto   Rs.125 crores                                                           1,82,850/-
h)      Over Rs. 125 crores upto Rs.175 crores                                                           2,28,850/-
i)       Over Rs. 175 crores upto Rs.300 crores                                                           2,87,500/-
j)       Over Rs. 300 crores upto Rs. 500 crores                                                          3,24,300/-
k)      Over Rs. 500 crores upto Rs.1000 crores                                                         3,59,950/-
l)       Over Rs.1000 crores upto Rs.5000 crores                                                        3,95,600/-
m)     Above Rs. 5000 crore.                                                                                      4,31,250/-
 
Fees for LFAR and Tax Audit

         In respect of Branches                            10% of basic audit fees payable for LFAR &                                                                             
                                                                          15% or 7.5% of basic audit fees for Tax audit of the respective          branch*
         Further the Service tax, (as applicable and subject to terms & conditions mentioned) is also payable in    addition to the Bank Branch Audit fee.