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BOMBAY MERCANTILE CO-OP. BANK LTD.
Schedule of Service Charges with effect from
1st January, 2016..
The revised Service Charges are exclusive of Service Tax, Swacha Bharat Tax and other taxes as applicable from time to time.

NAME OF THE SERVICE

Service Charges

SAVINGS

 

Minimum Balance

Minimum balance(Rs.1000/-) less than requirement (for regular/Dormant/Unclaimed accounts) Rs.50/- per quarter.

Duplicate Pass Book / Statement

Rs.2/- per transaction, minimum Rs.100/- and maximum Rs.1000/-

Copy of the cheque

Rs.50/- per instrument.

Stop Payment

Per cheque Rs.60/- and Maximum Rs.200/-

Standing Instruction

Rs.15/- per transaction + 15% over the actual postal charges (FD, RD and loans instalments exempted)

Withdrawal by cheque or otherwise

Exceeding 50 withdrawals per half year, Rs.5/- per withdrawal after the 50th transaction.

Addition/Deletion of names

Rs.50/- per request. No charges in case of death case

Loss of cheque book requisition slip

Rs.75/-

Balance Certificate

First Certificate free. Duplicate or additional copies Rs.40/- per copy.

Cheque Return Inward (Cheque Deposited by our client and returned unpaid by the drawee bank).

Upto Rs.10,000/-, Rs.50/-. Above Rs.10,000/- to Rs.1.00 lac, Rs.100/-. Above Rs.1.00 lacs - Rs.150/-. However, no charges will be levied if the customer is not at fault.

Cheque Return Outward (Cheque issued by our client and returned unpaid by us) and debit advice received under ECS but dishonoured.

21.75% + Rs.100/- per instrument if it is returned for any reason.However no charges will be levied if the customer is not at fault.

Cheque Book Request***

50 cheques free per annum. Thereafter Rs.4/- per cheque.

Closure of Account

Within 12 months - Rs.200/-. After 12 months, Rs.100/-.

Confirmation of signature/address confirmation/photo attestation

Rs.50/- per request.

CURRENT

 

Minimum Balance

Minimum balance(Rs.5,000/-) less than requirement (For Regular/Dormant/Unclaimed Accounts) - Rs.200/- per month.

STATEMENT CHARGES and Duplicate Statement

1st time free of cost. For duplicate statement Rs.2/- per transaction, minimum Rs.200/- and maximum Rs.2000/-.

STOP PAYMENT

Per cheque Rs.100/- and maximum Rs.250/-.

Cheque Book Request

Only 25 leaves free per annum. Thereafter Rs.3/- per leaf.

Closure of Account

Within 12 months - Rs.500/-. After 12 months, Rs.250/-.

Cheque Return Inward (Cheque Deposited by our client and returned unpaid by the drawee bank).

Upto Rs.10,000/-, Rs.75/-. Above Rs.10,000/- to Rs.1.00 lac, Rs.150/-. Above Rs.1.00 lac - Rs.200/- per instrument. However, no charges will be levied if the customer is not at fault.

Cheque Return Outward (Cheque issued by our client and returned unpaid by us) and debit advice received under ECS but dishonoured.

21.75% + Rs.200/- per instrument for current accounts and overdraft accounts if the instrument is returned for any reason.However, no charges will be levied if the customer is not at fault.

Loss of cheque book requisition slip

Rs.100/-

COLLECTION OF CHEQUES/ BILLS Outward bills/cheques collection a/c

Upto Rs.5,000/- - Rs.25/-. 5001 to Rs.10000/- - Rs.50/-, 10001 to Rs.1 lac - Rs.6/- per thousand, Above Rs.1 lac - Rs.5/- per thousand and maximum Rs.10,000/- plus collecting Bank charges plus 15% over the actual postage in all cases. In case of collection of up country cheques drawn on our branches, only 50% of the above charges plus 15% over the actual postage will be levied.

Inward bills/cheques collection a/c

Upto Rs.5000 – Rs.25/-, 5001 to 10000 – Rs.50/-, 10001 to 1 lac – Rs.6/- per thousand, > 1 lac – Rs.5/- per thousand and maximum Rs.10,000/- plus Collecting Bank Charges plus 15% over the actual postage in all cases.50% of the above collection charges for “Bills sent for collection/bills received in collection” plus 15% over the actual postage charges and collecting Banker’s charges, as applicable, for Current Account Holder, who is maintaining minimum deposit of Rs.2,00,000/- in his current account during the last quarter and continues to maintain during the current quarter. This concession will be given if the bill amount exceeds Rs.10,000/-.The aforesaid incentive may also be allowed to the borrower, who is enjoying Credit Rating of AAA and Prime Borrower.

REMITTANCE:

 

Pay Order

Upto Rs.1000/- - Rs.20/-, Rs.1001/- to Rs.5000/- Rs.25/-, Rs.5001/- to Rs.10000/- - Rs.30/- and above Rs.10000 - Rs.1/- per thousand. 50% more charges than the normal will be levied , if the remittance is made against cash. Maximum remittance in cash should not exceed Rs.20,000/-. 50% concession in commission will be allowed to current account holder who is maintaining minimum deposit of Rs.2.00 lacs in his current account during the last quarter and continues to maintain during the current quarter and the borrower, who is enjoying the credit Rating AAA and prime Borrower.

Solvency Certificate

Rs.300/- per lac. Minimum Rs.500/-. Maximum Rs.25,000/-.

No Dues Certificate

First time free. Thereafter for duplicate Rs.50/-.

Issuance of duplicate Banker's cheque/Pay Orde

Rs.100/- per instrument.

Revalidation or cancellation of Pay Order/Bankers cheque

Rs.50/- per instrument.

RTGS / NEFT Inward

 

RTGS / NEFT Outward at the branch/internet banking

Rs.2.00 lacs to Rs.5.00 lacs – Rs.25/- > Rs.5.00 lacs – Rs.50/-

Custody charges of securities i.e. LIC Policies/NSCs, etc. document/title deeds mortgaged with the bank not collected within 60 days from closer of loan account

Rs.100/- per month.

Cash handling charges

For current and overdraft / cash credit accounts for cash deposited by them. Upto Rs.1.00 lac no charges. Above Rs.1.00 lac - Rs.50/- per lac or part thereof. The total amount of cash deposit will be clubbed for each account at the end of each day and the charges will be levied accordingly.

Locker Rent

 

Class/Type:

 

A

Rs.900/-

B

Rs.1100/-

C

Rs.1400/-

D

Rs.1700/-

E

Rs.2300/-

F

Rs.3000/-

G

Rs.3300/-

H

Rs.3600/-

H1

Rs.1700/-

L

Rs.6800/-

L1

Rs.5700/-

SAFE CUSTODY CHARGES:

 

Lodgement / Delivery of Scrips

Rs.50/- per transaction

Replacement of Scrips

Rs.50/- per transaction

PROCESSING CHARGES FOR ADVANCES:

 

(Fund Based & Non Fund Based Limits)

 

For Fresh Sanction & Enhanced Amount

Upto Rs.50,000/-        500/-

 

Rs.50,001/- to Rs.2,00,000/-       1000/-

 

Rs.2,00,001/- to Rs.5,00,000/-       2500/-

 

Rs.5,00,001/- to Rs.10,00,000/-       5000/-

 

Above Rs.10,00,000/- 0.50% of advance amount with maximum of Rs.2.00 lacs.

 

NOTE: 50% of the aforesaid processing charges will be taken as upfront fees. If loan is not sanctioned for any reason, 25% of processing fees will be refundable.

Renewal at each time:

Upto Rs.50,000/- -       Nil.

With no modification

Above Rs.50,000/- to Rs.5.00 lacs -       Rs.500/-

 

Above Rs.5.00 lacs to Rs.10.00 lacs       - Rs.2,500/-

 

Above Rs.10.00 lacs to Rs.50.00 lacs        Rs.5000/-

 

Above Rs.50.00 lacs - Rs.10,000/-

With modification

50% of the regular charges.

AD-HOC SANCTIONS :

 

Upto Rs.2,00,000/-

Rs.2,000/-

Above Rs.2,00,000 to Rs.10,00,000/-

Rs.5,000/-

Above Rs.10,00,000/- to Rs.50,00,000/-

 

Above Rs.10,00,000/- to Rs.25,00,000/-

Rs.10,000/-

Above Rs.25,00,000/- to Rs.50,00,000/-

Rs.15,000/-

Above Rs.50,00,000/-

Rs.25,000/-

The above charges are to be levied against all Securities. Additional interest @ 2% p.a. besides the normal rate. Advances against Own Term Deposits will not attract these charges.

INSPECTION CHARGES

Upto Rs.1.00 lac nil

 

Above Rs.1.00 lac to Rs.5.00 lacs - Rs.1,000/- + actual exp. p.a.

 

Above Rs.5.00 lacs to Rs.10.00 lacs - Rs.2,000/- + actual exp. p.a.

 

Above Rs.10.00 lacs - Rs.50.00 lacs Rs.5,000/- + actual exp. p.a.

 

Above Rs.50.00 lacs - Rs.10,000/- + actual exp. p.a.

 

Inspection charges will not levied in case of taxis, autos, and private cars.

BANK GUARANTEE :

 

Guarantee Charges

 

Against 100% Cash Margin (in the form of Term Deposit Receipt.)

Commission @ 1.00% p.a. for 100% cash margin in the form of term deposit receipt.

Other than against 100% Cash Margin

Commission @ 2.30% p.a. issued by our Bank or other Banks.

CHEQUE DISCOUNTING:

 

Interest and Postal Charges

21.75% upto the date of realization + 15% over the actual postal charges

Commission and Handling Charges

Rs.100/- per instrument.

BILLS DISCOUNTING

 

Interest and Postal Charges

Interest as applicable + 15% over the actual postal charges

Commission and Handling Charges

0.50% of Bill Discounted amount (Min. Rs.50/-, Max. Rs.6000/-)

DELAY IN PAYMENT OF LOCKER RENT

Interest @ 13.75% p.a. to be levied on overdue rent of the lockers for One Year & Above

Key Deposit

Rs.3000/- from A to E & H1 type of Lockers

 

Rs.4000/- from F, G & H type of Lockers

 

Rs.7000/- from L & L1 type of Lockers

LOCKER ACCESS ALLOWED PER QUARTER

Every Quarter 12 access allowed free of charge.

 

Thereafter Rs.30/- per additional access.

BREAKAGE OF LOCKERS IN CASE OF LOSS OF KEY

Actual cost of Breakage plus Rs.500/-

SURRENDER OF LOCKERS

Within 1 year        Rs.500/

 

After 1 year        No charges.

FRANKING CHARGES

Rs.20/- per document inclusive of service tax and other taxes as applicable

ISSUE OF LOOSE CHEQUE

Rs.50/- per cheque. Charges to be recovered manually.

ATM Charges

First time ATM card - Rs.100/-
For duplicate ATM card - Rs.100/-
PIN charges - Rs.100/-

Issuance of Duplicate Term Deposit Receipt

Rs.100/- per receipt.

Change in Quotation/Security/ Extention in Monotorium/Change of Guarantors

0.20% of sanction amount with maximum Rs.10,000/-.

Counter Return Charges

Rs.100/- per instrument.

Payment of Taxes i.e. Service Tax, Income Tax, VAT, Excise Duty, etc.

Rs.25/- per transaction. Charges will be recovered manually.

SMS charges

Rs.5/- per month.

Issuance of Duplicate Share Certificate

Rs.50/- per certificate.

Loan/Overdraft application forms

Rs.10/- each.