Welcome to Kokan Mercantile Co. Op. Bank Ltd.
service charges

Sr. No PARTICULARS APPLICABLE CHARGES
EXCLUDING GST
W.E.F 01.06.2021
1 ISSUE OF PAY ORDER / DD
Upto Rs.1000/- PER REMITTANCE 25
Above Rs.1000/- to Rs.5000/- PER REMITTANCE 30
Above Rs.5000/- to Rs.10000/- PER REMITTANCE 35
Above Rs.10000/- to Rs.1,00,000/- PER Rs.1000 @ Rs.2.75
MINIMUM 50
Above Rs.1 lac to 10 lacs PER Rs.1000 @ Rs.2.33
MINIMUM 300
Above Rs. 10 lacs PER Rs.1000 @ Rs.2.12
MINIMUM 2,500
Note : MINIMUM 3,500
(Free for SB/CD/CC A/cs with average credit balance of Rs. 10 lacs & above p.a. with maximum 10 remittances per month of 50 remittances p.a.)
2 PAY ORDER / PAY SLIP AGAINST CASH
Upto Rs.1000 50
Above Rs.1000/- to 10000/- 75
Above Rs.10000/- to 49,999/- 100
Note :
No Commission on Pay Order issued for Haj / Loan Payment purpose
3 HANDLING CHARGES FOR CHEQUES/BILLS RETURNED UNPAID For Banks perticipating in Mumbai Clearing
a) Outward Return Clearing
Upto Rs. 10000/- PER CHEQUE 100
Above Rs. 10000/- PER CHEQUE 100 + RS 1.00 per thousand
with a maximum of
Rs. 500 per chq
Maximum
b) Inward Return Clearing PER CHEQUE 300 + Int.@36% p.a.
on Chq. Amt. Per day
c) Inward ECS Return Debt PER ENTRY 300
4 HANDLING CHARGES FOR CHEQUES/BILLS RETURNED UNPAID For Banks perticipating in Non-Mumbai Clearing
a) Outward Return Clearing PER CHEQUE 100
b) Inward Return Clearing PER CHEQUE 100 + Int.@36% p.a. on Chq. Amt. Per day
c) OBC Cheque returned unpaid PER ENTRY 125.00 + postage.
5 COMMISSION ON CASH DEPOSIT/TRANSFER FOR INWARD CHEQUES (AFTER 12.00 NOON) 0.25% + applicable GST on deposit of Shortfall
6 CASH COUNTING CHARGES :
Savings Accounts
Upto Rs. 2.00 Lacs per day NIL
Above Rs. 2.00 Lacs upto Rs. 25.00 Lacs 0.10%+GST
Overdraft & Cash Credit accounts
Any amount of cash deposited in the account No Charges
Current accounts
a) Charges to be levied for cash deposits during the month upto 10 times of average monthly balance maintained during the previous month NIL
b) Charges to be levied for cash deposits during the month above 10 times of average monthly balance maintained during the previous month 0.10% of the excess amount
NOTE : If the cash is serially deposited in a Single day, the amount so deposited shall be integarated together for the purpose of applying commission)
7 ABB CASH DEPOSIT & WITHDRAWL :
i) SB Account Withdrawl of Cash (without any charges) Maximum amount of withdrawl with applicable charges
Mumbai & Thane Dist Branches Rs. 75,000 Rs. 2,00,000
All Dist Branches Rs 50,000 Rs. 1,00,000
NOTE : Charges for cash withdrawl from non home branch per account per day. However, ABB cash withdrawl is subject to availablity of cash. 0.05%
ii) Current Account Withdrawl of Cash (without any charges) Maximum amount of withdrawl with applicable charges
Mumbai & Thane Dist Branches Rs. 75,000 Rs. 2,00,000
All Dist Branches Rs 50,000 Rs. 1,00,000
NOTE : Charges for cash withdrawl from non home branch per account per day. However, ABB cash withdrawl is subject to availablity of cash. 0.05%
8 Dormant Account Charges (more than 2 yrs) All Dormant account with balances less than Rs. 2,000/- will be charged Rs. 100/- per month to be debited each month of Dormancy
9 Charges for not maintaining minimum balance on operative accounts
a) Saving account Minimum balance required Charges
i) Urban Areas (Mumbai, Goa & Thane Region) 1000/- 30
ii) Other Areas 500/- 30
b) Current Account
i) Urban Areas (Mumbai, Goa & Thane Region) 3000/- 100
ii) Other Areas 1000/- 100

Harbour Crest, Mazgaon T.T., Mumbai - 400 010.

+91-22 2372 3753, 2372 9969, 2637 9971, 2373 4202, 2373 4311

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