UCO Bank · statement narration
CHQ COLLECTION CHG
A charge for collecting an outstation cheque.
In plain English
A charge for collecting an outstation cheque.
Also printed as COLLECTION CHARGES, OUTSTATION CHQ CHG, OBC CHARGES.
Hinglish mein
Doosre shehar ka cheque collect karne par lagne wala charge.
What it costs, including GST
Retail Banking Service Charges · Branch
Outstation cheque collection: Rs 25 up to Rs 5,000, Rs 50 from Rs 5,001 to Rs 10,000, Rs 100 from Rs 10,001 to Rs 1 lakh, Rs 178 above Rs 1 lakh, all-inclusive.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 5,000 | ₹25 | ₹29.50 |
| Rs 5,001 to Rs 10,000 | ₹50 | ₹59 |
| Rs 10,001 to Rs 1 lakh | ₹100 | ₹118 |
| Above Rs 1 lakh | ₹178 | ₹210.04 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: UCO Bank accounts; collection of an outstation cheque, banded by the amount of the cheque. The schedule states these charges are all-inclusive, with no separate courier or out-of-pocket charge added on top. Charges are exclusive of GST.
Why it happened
You deposited a cheque drawn on a bank in another location.
How to avoid it
Ask the payer to send money by NEFT or RTGS instead of an outstation cheque.