Service Tax

All the constituents of ADCB-India are being notified that with effect from June 1st, 2016, Service Tax (as per directives of Govt. of India) at the rate of 14 % % plus 0.5% Swach Bharat Cess plus 0.5% Krishi Kalyan Cess which adds upto 15% has been imposed and being recovered on the commission/fees attendant to the following banking and financial services provided by our Bank:

The taxable services broadly covers the following:

  • Fees for loan processing, syndication, commitment, bank guarantee commission, etc.
  • Commission on bills collected/purchased, on export/import bills and cheques collected/purchased.
  • Issue of pay order, cheque, demand draft, letter of credit, wire transfers and bill of exchange.
  • DD/PO revalidation/cancellation charges.
  • LC issuance/amendment/confirmation/advice charges, etc.
  • Cheque book charges, cheque collection charges, cheque purchase charges, etc.
  • Non-maintenance of balance charges, etc.
  • Transaction charges, funds transfer, balance enquiry charges, etc.
  • Safe deposit lockers/vaults rental charges.

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Mumbai Office

75 Rehmat Manzil,
Veer Nariman Road, Churchgate,
Mumbai 400020 - INDIA
Tel : +91 22 39534100
Fax : +91 22 39534106

Bengaluru Office

Citi Centre, 28 Church Street,
Bengaluru 560001 - INDIA
Tel: +91 80 25582000
Fax:+91 80 25582323

Head Office

Abu Dhabi Commercial Bank Building,
Shk Zayed Street,
P. O. Box: 939,
Abu Dhabi, United Arab Emirates
www.adcb.com