REVISED REMUNERATION PAYABLE TO THE STATUTORY BRANCH AUDITORS FOR THE YEAR 2012-13 : SBI

Subject: REVISED REMUNERATION PAYABLE TO THE STATUTORY BRANCH AUDITORS FOR THE YEAR 2012-13

Dear Sir,

We furnish below the details of revised audit fee payable to the Statutory Branch Auditors for the year 2012-13:

Sr.No.	Category of branch on the basis of quantum of advances	Rate of basic audit fee Rs.
1	Upto Rs.10 crore	40250/-
2	Above Rs.10 crore upto Rs.20 crore	57500/-
3	Above Rs.20 crore upto Rs.30 crore	79350/-
4	Above Rs.30 crore upto Rs.50 crore	120750/-
5	Above Rs.50 crore upto Rs.75 crore	138000/-
6	Above Rs.75 crore upto Rs.125 crore	182850/-
7	Above Rs.125 crore upto Rs.175 crore	228850/-
8	Above Rs.175 crore upto Rs.300 crore	287500/-
9	Above Rs.300 crore upto Rs.500 crore	324300/-
10	Above Rs.500 crore upto Rs.1000 crore	359950/-
11	Above Rs.1000 crore upto Rs.5000 crore	395600/-
12	Above Rs.5000 crore	431250/-

2.  Please submit the bill for difference in the basic audit fee with 10%  (LFAR fee) and 7.5% (Tax Audit Fee) on the difference amount, to enable us to make payment thereof.

3.  Please also mention the undernoted details of your bank account on the bill for the difference amount for expeditious payment of the same.

a)      Complete account number

b)      Name as in the account

c)       Name of the Bank

d)      Name of the branch

e)      IFSC Code

4.  Please make doubly sure that the above particulars are correct as any mistake in these particulars will result in rejection of the remittance.

Regards,

AGM (AUDIT)

NEW DELHI LHO