30 March 2012

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

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




Category of bank branch Rates of audit fees Revised Rates of audit 
(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 cror 1,59,000/-198,750

Above Rs.125 crore and upto Rs.175 crore1,99,000/-248,750

Above Rs.175 crore and upto Rs.300 crore2,50,000/- 312,500

Above Rs.300 crore and upto Rs.500 crore2,82,000/- 352,500

Above Rs.500 crore 3,13,000 391,250

7 comments:

  1. Anonymous11:05 PM

    IS THE NEWS CONFIRMED ? KINDLY PROVIDE THE INFORMATION FROM WHERE IT CAN BE CONFIRMED FROM RBI SITE ? CA DEEPAK DHOOT

    ReplyDelete
  2. Anonymous3:54 PM

    SHRI NAGAR SIR, PLEASE PROVIDE THE SOURCE FOR ABOVE NEWS.

    ReplyDelete
  3. Anonymous3:39 PM

    Ashwinbhai,

    any authentic source of this information ?. CA. Milind Joshi

    ReplyDelete
  4. Anonymous12:15 AM

    Please provide RBI reference circular or notification

    ReplyDelete
  5. Anonymous4:55 PM

    banks do not agree to pay more to auditor as this is waste ful expenses

    ReplyDelete
    Replies
    1. Anonymous4:57 PM

      CAN WE SAY WASTEFUL EXERCISE AS NO AUDITOR IS GIVING ANY MOC NOR THEY SPEND TIME FOR COMPLETION OF AUDIT

      Delete
  6. NARESH12:06 PM

    here old and new fees mention is just bank stautory fess + 25% LFAR & TAX ADUIT FEES

    ReplyDelete

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