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WHOLESALE BANKING PRODUCTS Schedule of charges Current Accounts (Value Based Schemes) (w.e.f. August 01, 2021) Normal Current Account (CANON)Business Advantage (CA ADV)Monthly Average Balance (MAY)

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How to fill out value-based schedule of charges

01

To fill out a value-based schedule of charges, follow these steps:

02

Start by listing all the goods or services that you provide.

03

For each item, determine its value or cost. This can include the cost of materials, labor, and any other expenses associated with providing the item.

04

Make sure to consider factors such as overhead costs, profit margins, and market competition when determining the value of each item.

05

Next, organize the items based on their value, from highest to lowest. This will help prioritize and guide pricing decisions.

06

Assign a specific price or charge to each item on the schedule. This can be a flat rate or a variable rate based on factors like quantity or complexity.

07

Double-check your calculations and make sure the schedule accurately reflects the value of each item.

08

Communicate the schedule of charges to your clients or customers, so they are aware of the pricing structure and can make informed decisions.

09

Regularly review and update the schedule of charges as needed, taking into account any changes in costs or market conditions.

Who needs value-based schedule of charges?

01

A value-based schedule of charges is beneficial for various individuals or businesses, including:

02

- Service providers, such as consultants, freelancers, or contractors, who need transparency and consistency in pricing their services.

03

- Retailers or manufacturers who want to determine fair pricing for their products based on their value and the market dynamics.

04

- Professionals, such as doctors or lawyers, who often have different levels of services and want to establish a clear pricing structure.

05

- Any business that wants to demonstrate the value and quality of their offerings compared to competitors.

06

- Clients or customers who want to make informed choices about the goods or services they purchase.

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What is value-based schedule of charges?

Value-based schedule of charges is a document that outlines the cost of services provided based on the value or outcome of the service.

Who is required to file value-based schedule of charges?

Healthcare providers and facilities are required to file value-based schedule of charges.

How to fill out value-based schedule of charges?

To fill out value-based schedule of charges, one must list the services provided, their associated costs, and any value-based metrics used to determine pricing.

What is the purpose of value-based schedule of charges?

The purpose of value-based schedule of charges is to promote transparency in healthcare pricing and to align costs with the quality of care.

What information must be reported on value-based schedule of charges?

Information such as service descriptions, costs, and value-based pricing metrics must be reported on value-based schedule of charges.

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