Service Charges

GS MAHANAGAR CO-OPERATIVE BANK LTD. (Schduled Bank)
Head office, Hiramani Super Market Building, Lalbaug, Mumbai-400 012
SERVICE CHARGES Manual As per Board Resolution No.577 Dated 19/08/2022
Sr Description Revised Service Charges (+ GST) from 01.10.2022
DEPOSIT ACCOUNTS
A SAVINGS ACCOUNTS Minimum Balance Minimum Balance Charges
1) Without Cheque Book Facility Rs.500/- 15% on the amount of difference between the average balance maintained during the Quarter end & the minimum balance as prescribed 2) Charges will be rounded to the nearest Rupees. 3) Minimum Rs.5/- (Not Applicable to DEAF / Dormant / Inoperative SB and basics SB A/c.)
2) SB a/c. without occasion facility opened at branches outside Mumbai, Navi Mumbai & Thane Region. Rs.300/-
3) With Cheque Book Facility Rs.1000/-
4) Zero Balance A/c Nil Nil
5) Student A/c Nil Nil
6) Mahaflexi Savings Deposit A/c. (sweep-in facility) Rs.5000/- on quarterly basis 15% on the amount of difference between the average balance maintained during the Quarter end & the minimum balance as prescribed 2) Charges will be rounded to the nearest rupees. 3) Minimum Rs.5/- (Not Applicable to DEAF / Dormant / Inoperative SB and basics SB A/c.)
7) Payment made without passbook Rs.30/- per occasion to be charged Manually
8) More than 50 times withdrawal in 6 months Rs.5/- per transction above 50 transaction in one month
B CURRENT ACCOUNTS
1) Accounts opened at branches in Mumbai, Navi Mumbai & Thane Region. Rs.3000/- Rs.75/- per occasion
2) Accounts opened at branches outside Mumbai, Navi Mumbai & Thane Region. Navi Mumbai & Thane Region. Rs.1000/- Rs.75/- per occasion
3) Mahaflexi Deposit A/c. (sweep-in facility) Rs.1,00,000/- on quarterly basis Rs.1,200/- per quarter
C Cash Deposit Charges
a) FOR A/C HOLDER WHO MAINTAIN BAL. OF CASH DEPOSITED AT LIST FOR ONE DAY (Overnight) 1)Denomination of Rs.50/- and below Rs.50/- across the counter charges per day Rs.10/- per bundle-first five bundle(packet of 100 Notes) are free
2)Denomination of Rs.100/- and above across the counter charges per day Rs. NIl
3) All coin deposit up to amt Rs.100/- are free and above Rs.100/- charges per day 5% on amount deposited Min Rs.10/-
b) for a/c holder who withdrow the amt.cash deposited on the same day by cash /NEFT/RTGS/Inward Clearing 200% of the charges as per C -a ( 1)(2)(3)
c) for borrower enjoying credit limit including ODFDR of Rs.10 Lakhs and above NIL
d) for deposit of loan Instalment in all types of Loans NIL
e) Charges for non withdrawal of intimated cash NIL
D INOPERATIVE ACCOUNTS
1) Savings Account Nil
2) Current Account Nil
3 ) (As per A/c.Dept. Circular No.83 dt.22/1/2009 Charges for making - Inoperative Account to Operative Account - No charges should be taken) Nil
E Duplicate Pass Book / Statement Rs.100/- per Passbook / Statement with latest balance and Rs.20/- per page for previous entrie
F Stop payment instructions / withdrawal thereof [for savings a/c.] Rs.75/- per instrument]
[for current a/c.] Rs.75/- per instrument]
G Facility To customers
1) SMS Request Facility :- for all account holders SMS Mandate Charges ( One Time ) SMS CHARGES WILL BE LEVIED QUARTERLY ON ACTUAL USAGE BASIS @0.20 PAISE PER SMS
Cheque Return Charges for inward returns (return of cheque received for passing) for Outward returns (Return of cheque sent for clearing)
i) Local Clearing -CTS i) For Cheques upto Rs.1.00 Lakh Charges Rs.100/- plus Interest @18.00% p.a. i) For Cheques upto Rs.1.00 Lakh Charges Rs.100/-
ii) For Cheques Above Rs.1.00 Lakh to Rs.5 Lakhs Charges Rs.250/- plus Interest @18.00% p.a. ii) For Cheques Above Rs.1.00 Lakh to Rs.5 Lakhs Charges Rs.300/-
iii) For Cheques Above Rs.5.00 Lakhs Rs.400/- plus Interest @18.00% p.a iii) For Cheques Above Rs.5.00 Lakhs Rs.400/-
Cheque returned due to technical error/stop payment/wrong listing OR cheque deposited on account of loan recovery of the bank, charges will be NIL
ii) ECS / NACHDR FOR REQUIREMENT OF FUNDS (Received for debit) ECS/ NACH request sent to other bank (for credit)
200/- Rs.100/-
ii) ACHDR, etc. Rs.200/- Rs. 200/- per entry
Closing of A/cs within one year of their opening: closing of A/cs
i. Savings Account Rs.200/- (Unused cheques charges- Rs.5/- per cheque leaf Maximum Rs.100/-)
ii. Current Account Rs.500/-
H Chequebook Charges Chequebook Charges
i. Savings Account For More than 50 cheque leaves in accounting year Rs.3/- per cheque leaf.
ii. Current Account Rs.3/- per cheque
iii) Loose Cheques for Savings & Current Account (Loose cheque issue only for cash withdrwal and transfer) Rs.15/- per instance
iv) Loss of cheque book requisition slip for all account holder Rs.25/- per request
J Changes in operational instructions / Addition/deletion Rs.50/- per occasion for Saving accounts and Rs.100/- per occasion for current/Overdraft/cash credit accounts
K 1) Daily Deposit Scheme (issue of duplicate passbook) Rs.100/-
2) Issue of duplicate deposit Reciept Rs.200/- per deposit reciept
L REMITTANCES : REMITTANCES :
1 Issue of Pay-order 0.30 % of PO Amounts subject to Min. Of Rs.30 and Max.10,000/-
2 HDFC BANK DRAFT Facility (Charges subject to change if any changes made by HDFC Bank) 0.30 % of PO Amounts subject to Min. Of Rs.30/- and Max.10,000/-
3 Bank of Maharashtra DD Facility (Charges subject to change if any changes made by Bank of Maharashtra)/ OTHER BANK Other bank's commission charges+ Rs.100/- per instrument.
4 Income Tax, TDS , Goods and Service Tax (GST) , Mvat Remittance through net payment by IDBI/HDFC Bank Rs.100/- per remittance for Account holder transactions (free for our bank branch tds & service tax remittance)
5 Issue of duplicate demand draft / pay order / Term Deposit Receipt Rs.150/- per instrument
6 Cancellation of demand draft / pay order Rs.150/- per instrument
7 Revalidation of demand draft / pay order Rs.150/- per instrument per instance
8 Closure of Fixed / Savings/ Current A/c s & remittance of balance by Pay Order / DD including payorder issued from loan disbursements NIL
9 Remittance by Electronic Device
1) Inward RTGS / NEFT / ECS NIL
2) Outward
I) RTGS
i) Rs.2 Lakh to less than Rs.5 Lakhs Rs.30/- per transaction
ii) Rs.5 Lakhs & Above Rs.55/- per transanction
II) NEFT
i) Upto Rs.10,000/- Rs.2.50 per transaction
ii) Rs.10,001/- to Rs.1.00 Lakh Rs.5.00 per transaction
iii) Above Rs.1.00 Lakh to Rs.2.00 Lakh Rs.15.00 per transaction
iv) Above Rs.2.00 Lakh Rs.25.00 per transaction
As per RBI Guidelines issued from time to time
M OTHER SERVICE CHARGES OTHER SERVICE CHARGES
1 Franking Charges Rs.10/- per document for Mumbai, Thane, Raigad, Navi Mumbai, Kalyan & Palghar Zone Branches and Rs. 20/-per documents for other Zone Branches.
2 PAN CARD SERVICES THROUGH NSDL (Charges Subject to changes if any made by NSDL) as per NSDL cicular
3 Demat Services
a Account Opening Charges NIl
Advance/ Deposit Rs.1000 for bank a/c holder & Rs.2500/- F.D. for Non-a/c holder
b Account Closing Charges Nil
c Custody charges Nil
d Market Purchase Nil
e Off-Market Purchase Nil
Market Sale 0.04% of the market value of the transaction OR minimum Rs.30/- per debit instrument
Off-Market sale 0.04% of the market value of the transaction OR minimum Rs.30/- per debit instrument
f Dematerialisation Charges Rs.10/- per certificate plus postage Rs.50/- per deamt request
g Pledge Creation Rs.50/- per ISIN
h Pledge Creation Confirmation Rs.25/- per ISIN
i Pledge Closure Rs.25/- per ISIN
j Pledge Closure Confirmation Rs.25/- per ISIN
k Pledge Invocation Rs.25/- per ISIN
l Remat Charges Rs.30/- for every hundred securities or part thereof or flat fee of Rs.30/- per certificate whichever is higher + postage Rs.50/-
m Duplicate Statements Rs.25/- per account for first two pages, Additional Rs.5/- per page
n Failed Instructions Rs.25/- per ISIN
o Annual Maintenance Charges (AMC) Rs.300/- yearly (April to March)
p Others Late Submission of DIS Rs.50/- per ISIN
4 Foreign Exchange (transaction handled through MSC / HDFC / Other Bank) Freezing / Defreezing instruction Rs.30/- per request
Non-Trade Remittance Charges equal to the charges levied by MSC Bank debited to respective client A/c. plus Rs.100/- per transaction
N ADVANCES (MISCELLANEOUS)
1 Sale of Loan Application Form
Personal Loan / Tangible Security Rs.100/-
Business Loans Rs.100/-
Bank Gurantee & Solvency Certificate Rs.100/-
Housing Loans/ Vechle loan/Education etc Rs.100/-
Membership Form Rs.50/-
Nominal Membership Form Rs.50/-
2 a) Loan Process Charges (Non-Refundable) Loans processing charges (Excluding Housing & Education Loans) slabwise a follows-
Upto Rs.5.00 Lakhs processing charges @ 1% of loan amount
Above Rs.5.00 Lakhs processing charges Rs.5000/- + @ 0.75% of sanction amount above Rs.5.00 lac
Loans processing charges for Housing Loans is 0.75% of loan amount
Loans processing charges for Education Loans- is 0.75% of loan amount
b) Revalidation Charges Up to 5 lacs Rs.200/- , Rs. 5 to 50 lacs Rs.1000/- and above Rs.50 lacs of Rs.2000/-
c) Issue of Presanction Letter 25 % of 2 (a ) above ( Not refundable in case of loan not availed but will be adjusted towards processing charges collected at the time of disbursement )
3 Loan Renewal Charges ( Only After 3 Years ) Upto Rs.5.00 Lakhs processing charges @ 0.50% of loan amount
Above Rs.5.00 Lakhs processing charges Rs.2500/- + @ 0.25% of sanctioned loan (Maximum Rs.5.00 lakh)
4 Overdraft Cash Credit REVIEW Charges ( Only After One Year ) Upto Rs.5.00 Lakhs processing charges @ 0.25% of loan amount
Above Rs.5.00 Lakhs processing charges Rs.1250/- + @ 0.125% of sanctioned loan (Maximum Rs.2.50 lakh)
5 Encashment/Exchange of pledged share certificate Rs.205/- per transaction irrespective of number of certificates
Note: No process fees for advance against Banks deposits , NSCs and KVPs Note: No process fees for advance against Banks deposits, NSCs and KVPs
6 Bank Gurantee - Fully secured 1) Fully Secured- by only our banks term deposit- 1.00%p.a. of bank gurantee amount Max.Rs.25000/-
2) Partly Secured:- deposit 50% or more of bank gaurantee, commission 1.50% p.a. on bank gaurantee amount
3)Partly Secured:- deposit below 50% of bank gaurantee 2.50% p.a. on bank gaurantee amount
Note: commission to be collected upfront on prorata basis for number of months
7 Mortgage Deed Charges- for All Loans A) Registered Mortgage :
1) Upto Rs.5.00 Lakhs charges Rs.2,000/-
2) Above Rs.5.00 Lakhs utpo Rs.25.00 Lakhs Charges Rs.5,000/-
3) Above Rs.25.00 Lakhs Charges Rs.10000/-
B) Equitable Mortgage:
1) Upto Rs.5.00 Lakhs charges Rs.2,000/-
2) Above Rs.5.00 Lakhs utpo Rs.25.00 Lakhs Charges Rs.5,000/-
3) Above Rs.25.00 Lakhss Charges Rs.10000/-
8 CIBIL CHARGES:-
1) For indivisual loan praposal Rs.150/-per CIBIL Report
2) for Commercial loan praposal Rs.2000/-per CIBIL Report
9 Indemnity Bond, Rectification Deed, Undertaking / Affidavit fees Rs.1,500/- per document
10 Reconveyence / Release Deed Charges Rs.2800/- per document + stamp duty
11 Inspection /Visit Charges a) Periodic Inspection of units / visit charges of Term Loan and Cash Credit Assets verification Once in a six month (incase of term loan compulsary visit once in a six month period by branch Manager)
For limits upto Rs.25 Lakhs Rs.250/- per visit (CC A/c.)
Above Rs.25 Lakhs Rs.700/- per visit (CC A/c.)
(Above charges excluding travelling expenses actually incurred)
b)Periodic stock and Book debt verification of CC accounts onsite ( Incase cash credit loan compulsary visit once in a month perid by branch officer but charges will be debited quaterly )
For limits upto Rs.25 Lakhs Rs.500/- per visit (CC A/c.)
Above Rs.25 Lakhs Rs.700/- per visit (CC A/c.)
(Above charges excluding travelling expenses actually incurred)
12 Overdue loan notice / reminder charges 1) Upto Rs.5 Lakh - Rs.1200/- per notice
2) Limit Above Rs.5 Lakh to notice charges Rs.1800/-
13 Final Notice Call back notice charges Rs.1500/- to be debited to respective loan account
14 Any legal Notice Actual Advocate fee + Rs.500/-
15 Securitisation Notice Charges
Loan Upto Rs.25.00 Lakhs -Notice Charges Rs.6000/-
Loan above Rs.25.00 Lakhs - to Rs.100 Lakhs - notice charges Rs.12000/-
Loan Above Rs.100.00 Lakhs - Notice Charges Rs.17000/-.
Notice before attachemnt Rs.1000/- plus actual postage / travelling Expencess
Recovery Demand Notice Rs.1000/- plus actual postage / travelling Expencess
Salary attachment order Rs.500/- plus actual postage / travelling Expencess
16 Vehicle Loans
Issue of NOC to RTO per vehicle Rs.300/-
Issue of HPTR to RTO Rs700/-
Seizing charges for 2 wheeler, 3 wheeler & light motor Seizing charges Rs.1200/- for 2 wheeler , 3 wheeler , and Rs.1700/-light motor
Seizing charges for heavy motor Seizing charges Rs.3800/- for heavy vehicle and Rs.12,000/- for crane/exaleter
(In addition to above Towing charges actual to be recovered.)
17 No Dues Certificate of all types of loans
Loan amount Upto Rs.5.00 Lakhs Rs.250/-
Loan Above Rs.5.00 Lakhs Rs.800/-
18 Gold Loan
i. Service charge at the time of opening a/c 0.60% of loan amount (minimum Rs.250/-) in addition to valuers charges + GST
ii. Safe custody charges for gold ornaments not collected after closure of loan account Rs.300/- per Month or part thereof after 15 days from the date of closure of loan A/c.
Sale of pledged gold ornaments by auction Rs.700/-
Note :- No safe custody charges are to be levied if the gold ornaments are held in Bank's custody as a leverage for recovery of dues in other accounts
19 NSC / Govt. securities Loan:-
Service charges for noting charge on certificates and / or releasing charge 1% of loan amount (minimum Rs500/-) + Travalling expenses on actual
20 Prepayment of credit facilities Nil
21 Change in other sanction terms such as extension of moratorium / repayment, change in security / guarantor etc. Change in other sanction terms such as extension of moratorium / repayment, change in security / guarantor etc.
Credit limit upto Rs.10 Lakhs Rs.1,200/-
Credit limit above Rs.10 Lakhs Rs.1,800/-
22 Commitment Charges FOR CASH CREDIT FACILITY For Facility limit utilised less than 75% then 0.10% of the unutilised balance (charges to be applied monthly)
23 Late Submission of Stock/ book debt Statement Rs.300/- per month.
24 Assignment, Reassignment and Encashment of NSC / KVP Rs150/- per certificate plus actual travelling charges not exceeding Rs.150/-
25 Assignment / Reassignment/ Encashment of LIC policy Rs.150/- per policy plus actual postage charges
26 Opening of Letter of Credit :
i) Opened through the other Banks Charges levied by other Bank to be shared on 50:50 basis
ii) Opened by our Bank
1% p.a. if fully secured by Term Deposit, 2% p.a.in other cases
Out-of- Pocket expenses on postage/telegram/ telex/ fax / cab etc to be recovered seperately
iii) Amendment Charges Rs.300/-
Note:- if the amendment is in respect of the amount or period of L/C appropriate additional charge on the amount so increased or the extension of usuance period shall also be recovered
iv) Advising Charges Rs.300/-
27 Inland Letter of Credit
a) Commitment charges Nil
b) Usance charges Nil
c) Retirement of documents Nil
d) Inland LC documents received with discrepancies Nil
f) Inland letter of credit issued through other Banks Nil
28 Solvency Ceritificate: Solvency Ceritificate
Upto Rs10 Lakh Rs.1/- per thousand (minimum Rs.1000/- )
Above Rs10 Lakh and upto Rs.01 CR Rs.1/- per thousand (minimum Rs.1000/- )
Above Rs.1CR \ Rs.1/- per thousand (Max.Rs.25,000/-)
Issue of pre-sanction letter for housing loan
Rs.100/- per extra copy
1500/-
29 Sealing/Possession of Immovable Properties
i) Flat/Stall/Galal/Shop/Bunglow as actual
ii) Factory premises/Industrial Unit as actual
iii) Possession of flat /stall/gala/shop/bunglow through court as actual
30 i) Issue of Status / Confidential Report/ Fate Report Rs.300/- Per Report
ii) Balance Certificate First certificate free. Duplicate per additional copies Rs.50/- per copy
O ATM Charges As per BOD Meetings dated 30/06/2015 res.237/7
1) ATM/Debit card issue Charges / Registration One time Free their after Rs.150/- per card
2) Replacement of chip base (EVM) atm/ Debit Card Charges Rs.150/- One time on issuing of card
3) ATM/Debit Card Annual fee Rs. 150/- Annual
4) Transaction at MCBL ATM Network Free
5) (a) for first three transaction at other bank ATM,s in METRO Cities.
(b) FOR first five ATM transaction at other Bank ATM,s in Non- Metro Cities. - 		FREE
6)a) per transaction from 4th ATM transaction onwards from other ATM,s in METRO Cities. a. Cash Withdrwal Rs. 20/- per transaction( Monthly basis)
b. Non financial and VAS Rs. 10/- Per transaction (monthly basis)
6)b)- per transaction from 6th ATM transaction onwards from other ATM,s in Non METRO Cities. a). Cash Withdrwal Rs. 20/- per transaction( Monthly basis)
b) Non financial and VAS Rs. 10/- Per transaction (monthly basis)
7) Charges for issuance of Duplicate PIN Rs.50/- . However, in case the earlier PIN has not been used due to error in Printing issue of Duplicate PIN shall be free
8) Additional or add on FVM Debit Card Rs.150/-
9) IMPS Transaction up to 10,000/- Rs. 1/-and Above Rs.10,000/-Charges as per NEFT remittance (As per RBI Guidelines issued from time to time)
P Safe Deposit Vault (Size in MM)
A type (125 X 175 X 492) Rs.1200/- p.a. and Rs.300/- service charge (one time)
B type (159 X 210 X 492) Rs.1400/- p.a. and Rs.350/- service charge (one time)
C type (125 X 352 X 492) Rs.2000/- p.a. and Rs.400/- service charge (one time)
D type (189 X 263 X 492) Rs.2200/- p.a. and Rs.450/- service charge (one time)
E type (159 X 424 X 492) Rs.2700/- p.a. and Rs.500/- service charge (one time)
F type (278 X 352 X 492) Rs.2900/- p.a. and Rs.550/- service charge (one time)
G type (189 X 530 X 492) Rs.3400/- p.a. and Rs.600/- service charge (one time)
H type (321 X 210 X 492) Rs.3900/- p.a. and Rs.600/- service charge (one time)
H 1 type (321 X 424 X 492) Rs.4700/-p.a. and Rs.600/- service charge (one time)
L Type (404 X 530 X 492) Rs.5900/-p.a. and Rs.600/- service charge (one time)
L2 Type (385 X 530 X 492) Rs.6800/-p.a. and Rs.600/- service charge (one time)
Locker rent chared by prorata monthly basis
Penalty for delay in payment of rent / renewal on expiry of hiring period Rs.100/- per month
Loss of Locker Keys by Locker Holder The Actual Expenses shall be borne by the locker holder alongwith Bank charges of Rs.500/-
For Locker operation more than once in a working day Rs.50/- per operation.
Surrender of lockers Rs.1500/- (if locker surrender within 3 years from the date of hire)
Q MISCELLANEOUS :-
1 Enquiries relating to old entries (voucher/ cheques) / Records
Upto Six months Nil
Above Six month and upto one year Rs.100/- per instrument
Above one year and upto two years Rs.150/- per instrument
Above two years and above Rs.600/- per instrument
2 Certificate of all types (Excluding Bal. Certificate / Tds Certificate / Income Tax purpose certificate) Rs.100/-
3 Standing Instructions:
Transaction involving transfer to another account (other than R/D installments, FD interest and loan instalment) within same branch or to the account in another branch. N.A.
4 Signature Verification/ Photo/Address Rs.150/- per signature
5 NACH/ACH, etc. Mandet Verification Charges Rs.250/- per signature
6 SHARE DEPARTMENT :-
i) Entrance Fee along with membership application Rs.100/- (No GST applicable)
ii) Entrance fee for nominal member who is a borrower / surety in loan against Gold / Govt. securities / LIC policies / consumer durables Rs.100/- (No GST applicable)
iii) Issue of Duplicate Share Certificate Rs.100/- per certificate
Note:- Supply of Loan Application Forms, Gold appraisal charges and DD/PO /NEFT/RTGS commission charges should not be collected from our Bank Staff/Officer including Retired Staff (Excluding Resigned/ terminated Staff )