SERVICE CHARGES

  • Home Loan @8.75 %
  • Gold Loan @10.50 %
  • Savings Account
  • Current Account
 
 

BOMBAY MERCANTILE CO-OPERATIVE BANK LTD

Schedule of Service Charges with effect from 1st January, 2016..

The revised Service Charges are exclusive of GST, Swacha Bharat Tax and other taxes as applicable from time to time.

SERVICES

NAME OF THE SERVICE SERVICE CHARGES

SAVINGS

Minimum Balance CALCULATED ON AVERAGE MINIMUM BALANCE Minimum balance charges of Rs. 50/- in Savings Accounts, quarterly and Rs.200/- in Current Account, monthly, will be charged on Minimum Average Monthly Balance.
Duplicate Passbook Flat charge of Rs.100/-(PLUS GTS @ 18%) PER PAG
Duplicate Statement Rs.50 per page (plus GST @18%) min Rs.200 and Max Rs. 2000/-
Standing Instruction Rs.50/- per instrument.
Withdrawal by cheque or otherwise Per cheque Rs.60/- and Maximum Rs.200/-
Addition/Deletion of names Rs.15/- per transaction + 15% over the actual postal charges (FD, RD and loans instalments exempted)
Loss of cheque book requisition slip Exceeding 50 withdrawals per half year, Rs.5/- per withdrawal after the 50th transaction.
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*** 20 cheques free per annum, thereafter Rs.5/- 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 CALCULATED ON AVERAGE MINIMUM BALANCE
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.4/- 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 CALCULATED ON AVERAGE MINIMUM BALANCE
Solvency Certificate 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 Order 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.1200/-
B Rs.1800/-
C Rs.2800/-
D Rs.3400/-
E Rs.4600/-
F Rs.6000/-
G Rs.6600/-
H Rs.7200/-
H1 Rs.3400/-
L Rs.13600/-
L1 Rs.11400/-

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.5000/
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

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.

OTHER SERVICES

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.