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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.
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Kya monthly hai ya yearly
Fees normally is revised for next new year of Audit.
Any further news on the subject. Its 5 years since last increase.
No any news about the revised audit fees either on RBI website or on ICAI website Yet.
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.
This is very use full up date
you are doing extremely wonderful update keep it up sir
i am shanmuggam from erode tamil nadu