CA NeWs Beta*: Revised fees of Bank Audit 2011-2012 & increase in time line to complte the audit to 21 April at branch level

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Thursday, March 29, 2012

Revised fees of Bank Audit 2011-2012 & increase in time line to complte the audit to 21 April at branch level

There are increase in audit fees & also increase in time line to complte the audit to 21 April at branch level
 
Please do the Quality audit & provided the maximum observation and MOC
 
 
Category of bank branch
Rates of audit fees  Revised Rates of audit fees 
(on the basis of quantum of advances) (Rs.) New Fees
Upto Rs.75 lakh 12,500/-                                   15,625
Above Rs.75 lakh and upto Rs.150 lakh 15,000/-                                   18,750
Above Rs.150 lakh and upto Rs.300 lakh 22,500/-                                   28,125
Above Rs.3 crore and upto Rs.5 crore 30,000/-                                   37,500
Above Rs.5 crore and upto Rs.10 crore 35,000/-                                   43,750
Above Rs.10 crore and upto Rs.20 crore 50,000/-                                   62,500
Above Rs.20 crore and upto Rs.30 crore 69,000/-                                   86,250
Above Rs.30 crore and upto Rs.50 crore 1,05,000/-                                 131,250
Above Rs.50 crore and upto Rs.75 crore 1,20,000/-                                 150,000
Above Rs.75 crore and upto Rs.125 crore 1,59,000/-                                 198,750
Above Rs.125 crore and upto Rs.175 crore 1,99,000/-                                 248,750
Above Rs.175 crore and upto Rs.300 crore 2,50,000/-                                 312,500
Above Rs.300 crore and upto Rs.500 crore 2,82,000/-                                 352,500
Above Rs.500 crore 3,13,000                                 391,250
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