CA NeWs Beta*: Detail of Revised Bank Statutory Audit Fee

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Sunday, April 24, 2011

Detail of Revised Bank Statutory Audit Fee

SCHEDULE OF BRANCH AUDIT FEES
Category of branches according to the quantum of advances as at 31st March 2011
Recommended rates of audit fees for 2010-11
(Amount in Rs.)
a
Upto Rs.75 lakh
12,500/-
b
Above Rs.75 lakh and upto Rs.150 lakh
15,000/-
c
Above Rs.150 lakh and upto Rs.300 lakh
22,500/-
d
Above Rs.3 crore and upto Rs.5 crore
30,000/-
e
Above Rs.5 crore and upto Rs.10 crore
35,000/-
f
Above Rs.10 crore and upto Rs.20 crore
50,000/-
g
Above Rs.20 crore and upto Rs.30 crore
69,000/-
h
Above Rs.30 crore and upto Rs.50 crore
1,05,000/-
i
Above Rs.50 crore and upto Rs.75 crore
1,20,000/-
j
Above Rs.75 crore and upto Rs.125 crore
1,59,000/-
k
Above Rs.125 crore and upto Rs.175 crore
1,99,000/-
l
Above Rs.175 crore and upto Rs.300 crore
2,50,000/-
m
Above Rs.300 crore and upto Rs.500 crore
2,82,000/-
n
Above Rs.500 crore
3,13,000/-

LFAR and TAR fee is seperate and differ from bank to bank.

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