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

Sr. No PARTICULARS PROCEEDS APPLICABLE CHARGES GST 18% PROCEEDS APPLICABLE CHARGES
EXCLUDING GST INCLUDING GST
Proposed For Approval
1 ISSUE OF PAY ORDER / DD
Upto Rs.1000/- PER REMITTANCE 25 4.50 29.50
Above Rs.1000/- to Rs.5000/- PER REMITTANCE 30 5.40 35.40
Above Rs.5000/- to Rs.10000/- PER REMITTANCE 35 6.30 41.30
Above Rs.10000/- to Rs.1,00,000/- PER Rs.1000 @ Rs.2.75
Minimum
50 9.00 59.00
Above Rs.1 lac to 10 lacs PER Rs.1000 @ Rs.2.33
Minimum
300 54.00 354.00
Above Rs. 10 lacs PER Rs.1000 @ Rs.2.12
Minimum
2,500 450.00 2,950.00
Maximum 3,500 630.00 4,130.00
Note :
(Free for SB/CD/CC A/cs with average credit balance of Rs. 10 lacs & above p.a. with maximum 10 remittances per month
2 PAY ORDER / PAY SLIP AGAINST CASH
Upto Rs.1000 50 9 59
Above Rs.1000/- to 10000/- 75 13.50 88.50
Above Rs.10000/- to 49,999/- 100 18.00 118.00
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 18 118
Above Rs. 10000/- PER CHEQUE 100 + RS 1.00 per thousand with a maximum of
Rs. 500 per chq
18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
b) Inward Return Clearing PER CHEQUE 300 + Int.@36% p.a.on Chq. Amt. Per day 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
c) Inward Return ECS/NACH PER ENTRY 300 54 354
d) Outward Return ECS/NACH PER CHEQUE 100 18 118
4 COMMISSION ON CASH DEPOSIT/TRANSFER FOR INWARD CHEQUES (AFTER 12.00 NOON) 0.25% + applicable GST on deposit of Shortfall 18% GST ON EQUIAMOUNT = EQUIV AMT +18% GST
5 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 18% GST ON EQUIAMOUNT = EQUIV AMT +18% 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 18% GST ON EQUIAMOUNT = EQUIV AMT +18% GST
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)
6 Charges for not maintaining minimum balance on operative accounts
a) Saving account Minimum balance required
i) Urban Areas ( Mumbai, Goa & Thane ) 500/- 0.xx% OF THE SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
ii) Other Areas 100/- 0.xx% OF THE SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
b) Current Account
i) Urban Areas ( Mumbai, Goa & Thane ) 2000/- 0.xx% OF THE SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
ii) Other Areas 1000/- 0.xx% OF THE SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
7 OTHER MISCELLENOUS SERVICES :
ISSUE OF :
i DUPLICATE PASS BOOK/STATEMENT
a) PASS BOOK WITH LATEST BALANCE & FIRST PAGE 25 4.50 29.50
Printing charges ADDL PAGE 10 1.80 11.80
b) STATEMENT FIRST 2 PAGES 25 4.50 29.50
Printing charges ADDL PAGE 10 1.80 11.80
ii BALANCE CERTIFICATE PER CERTIFICATE 50 9.00 59.00
iii NO DUES CERTIFICATE ( Non-Existing Borrower) PER CERTIFICATE 50 9.00 59.00
iv INTEREST CERTIFICATE PER CERTIFICATE 50 9.00 59.00
v DUPLICATE DEPOSIT RECEIPT NOTORISED INDEMNITY BOND 100 18.00 118.00
vi DUPLICATE SHARE CERTIFICATE NOTORISED STAMP PAPER 100 18.00 118.00
vii DUPLICATE DD/PO PER INSTUMENT 50 9.00 59.00
viii REVALIDATION OF DD/PO PER INSTUMENT 25 4.50 29.50
ix CANCELLATION OF DD/PO PER INSTUMENT 40 7.20 47.20
x COPY OF CHEQUE PER INSTUMENT 50 9.00 59.00

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

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

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