• Mar
  • 31
  • 2012

Bank Audit 2011-12 Revised Fees and Time Limit

Posted In CA CS ICWA | , | 8 Comments » Print Friendly and PDF

As per unconfirmed new received by us from our sources RBI has increased Audit fees for statutory Audit of  Branches of Public Sector Banks for the financial year 2011-12. RBI has further increased  time line to complete the audit to 21 April at branch level.

A fom
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                                 391,25

Further update on above on 07.04.2012 –  No confirmation from RBI or ICAI of above. It seems some tried to make fool to all of us a day before fools day.


8 Responses to “Bank Audit 2011-12 Revised Fees and Time Limit”

  1. Vivek says:

    Kya monthly hai ya yearly

  2. CA Suneel Chokhare says:

    Fees normally is revised for next new year of Audit.

  3. CA Krishnakumar says:

    Any further news on the subject. Its 5 years since last increase.

  4. CA. Shabbir Qureshi says:

    No any news about the revised audit fees either on RBI website or on ICAI website Yet.

  5. No official word from RBI Yet

  6. S K Didwania says:

    Is the news about increase in Audit fee true. Then Let us know the source of such news. Many people have commented that this is a fake news.  

  7. Ca Sunil Jain says:

    This is very use full up date

  8. CA R. SHANMUGGAM says:

    you are doing extremely wonderful update keep it up sir
    i am shanmuggam from erode tamil nadu

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