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Shimoga District Co-Operative Central Bank Ltd. > Service Charges

Service Charges

THE SHIMOGA DISTRICT CO – OPERATIVE CENTRAL BANK LTD., SHIVAMOGGA
BANK COMMISSIONS & CHARGES (EXCLUSIVE OF TAX)
ON THE SERVICES OFFERED BY THE BANK
1. PURCHASE OF DEMAND DRAFT/PAY ORDER/MONEY TRANSFER
Instrument amount Commission (In Rupees)
DD/MT (Outside the Bank’s AOP) Local DD/PO (within the district) Cheque Collection Charges Bills Collection Charges
1 Upto Rs.500 15.00 15.00 15.00 15.00
2 Rs. 501 to 1000 20.00 20.00 20.00 15.00
3 Rs.1001 to 5000 25.00 25.00 25.00 20.00
4 Rs.5001 to 10000 30.00 30.00 30.00 25.00
5 Rs.10,001 to 1,00,000 Rs.2.5 per thousand Rs.1.50 per thousand (Minimum of Rs.30 & maximum Rs.5000) Rs. 3.75 per thousand Rs.5.0 per thousand
6 Rs.Above 1,00,000 Rs.2.0 per thousand (Minimum Rs.250/-) Rs.3.50 per thousand (Minimum Rs.400/-) Rs.4.00 per thousand (Minimum Rs.500/-)

1. DD issued out of state up to Rs. 1 lakh, postal charges Rs.10 extra to be collect.
2. 25% Discount to Co-operative societies on purchase DD/PO above Rs.1000/-
3. Actual postage to be collect extra, for the cheque collection bellow Rs.1 lakh

S.No Service Charges
1 Stop payment instructions Rs.50/- Per cheque
2 For issuing of Duplicate DD/PO Rs.30/-
3 For revalidation of DD/PO Rs.20/-
4 For cancellation of DD/PO Rs.20/-

 

2. SERVICES CHARGES ON THE SAVING BANK ACCOUNT, CURRENT ACCOUNT, OVERDRAFT & CASH CREDIT LOAN ACCOUNTS
S.No Service/Handling Charges S.B Account CA/OD/CCL
1 Cheque Book First 20 leafs free (per year) Thereafter Rs.2.00 per leaf Rs.1.00 per leaf
2 Cheques/Bills returned unpaid. Upto Rs.1000. Rs.15 & above Rs.30
3 Minimum Balance to be maintained
  (i.)            With cheque book facility Rs.2000 Rs.2500
(ii.)            Without Cheque book facility Rs.1000 NA
(iii.)            Without Cheque book facility for farmers Rs.500 NA
(iv.)            Without Cheque book facility for Dairy farmers (MPCS Members) Rs.250 NA
4 Duplicate Pass Book Rs.25.00 Rs.25.00
5 For writing only closing balance Rs15.00 Rs15.00
6 For old ledger entries per page Rs.10.00 Rs.10.00
7 Duplicate ledger Sheet per page Rs.15.00 Rs.15.00
S.No. 5 to 7 + Pass Book charges Rs.25/- to be collect.
8 Balance Certificate (Other than Member societies) Rs.25.00 Rs.50.00
9 Non maintenance of minimum balance Rs.25.00 per tranaction Rs.25.00 per transaction
10 Closure of account (If closed within one year) Rs.50.00 Rs.100.00
11 Dormant/Inoperative account charges Rs.125.yearly Rs.150. yearly
12 Account Maintenance Charges Rs50/- Yealry Rs100. Yealry
13 SMS Alert Charges Rs.15.Qyartely Rs.15 Qyartely

 

    3. CHARGES ON OTHER SERVICES.
1 Duplicate FD Receipt Rs.50/-
2 Cash Token last Rs.300/-
3 Issuing of  NOC –
1.       For Agri-loans Rs.25.00
2.      For Non Agri-loans Rs.50.00
3.      For Education loan- Nill
4 Postal/Telecommunication Charges
1.      Ordinary Post : Actual postal Charges ( Minimum of Rs.10)
2.      Registered/Speed Post : Actual charges incurred
3.      Phone Call : Rs.3.00 Per call
5 Zerax copy of the Cheque/Record, Rs 100/- Per copy
6 Processing Charges : On the Agricultural & Non agricultural loans issued to the individuals by the bank  (Except Deposit Loans, Gold Loan, NSC Loan & Ware House Receipt loan & Loans sanctioned to the member societies)
Loan Amount % of Charges
Upto Rs.3,00,000/ 0.75%
Rs.3.00 -10.00 lakh 1.00%
Rs.10.00 Lakh and above 1.50%
(Maximum Rs.20000/-
7 If a Cooperative Society not utilized the sanctioned CCL limit and applied for the renewal, processing charge of 0.50% of the loan amount (Minimum Rs.1000 & Maximum of Rs.5000) to be bear by the society
8 ATM Service Charge, half yearly Rs.50/-
9 Duplicate RuPay Card Rs.200/-
10 RTGS/NEFT Charges
Amount of Transfer NEFT RTGS
1.      Upto Rs.10000/- Rs.2.25 NA
2.      10001 to 1,00,000/- Rs.4.75 NA
3.      1,00,001 to 2,00,000/- Rs.14.75 NA
4.      2,00,001 to 5,00,000/- Rs.24.50 Rs.24.50
5.      Above 5,00,000/- Rs.49.50 Rs.49.50
11 Locker Rent (In advance)
Based on Size Yearly
Small Locker Rs.1000 + GST
Medium Locker Rs.1500 + GST
Big Locker Rs.2500 + GST

Imp Note : All charges are exclusive of GST