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

Note: Following are subject to change from time to time as per R.B.I/Bank’s Policies.
Schedule of bank service charges ( including service tax )
W.E.F. 01-07-2007

1. Collection of outstation cheques (Excluding our outstation cheques): OBC

Upto Rs. 1000/- Per cheque Rs. 17.00
Rs. 1001/- to Rs. 5,000/- Per cheque Rs. 27.00
Rs. 5,001/- to Rs.10,000/- Per cheque Rs. 38.00
Rs.10,001/- to Rs 1 lac Per Rs.1000 @ 4.50
Maximum Rs. 100/-
Rs. 1,00,001 & above Per instrument Rs. 150/-

There will be no charges for any instruments received in Transfer drawn on our Local Branches (upto Mumbai Clearing Zone).

2. Collection of Bills: IBC

Upto Rs.1000/- Per Bill Rs. 27.00
Rs.1001/- to Rs.5000/- Per Bill 42.00
Rs.5001/- to Rs.10000/- Per bill 76.00
Rs.10001/- to Rs.1 lac Per Rs.1000 @ 5.00
Minimum 80.00
Above Rs.1 lac to Rs.10 lac Per Rs.1000 @ 3.50
Minimum 525.00
Above Rs.10 lacs Per Rs.1000 @ 3.00
Minimum 3750.00
Maximum 4000.00

3. Collection of cheques in National Clearing

Same as applicable to collection of outstation cheque

4. Remittance (DD/TT/MT) for KOKAN BANK / IDBI BANK / ICICI BANK

Upto Rs.1000/- Per remittance 20.00
Rs.1001/- to Rs.5000/- Per remittance 25.00
Rs.5001/- to Rs.10000/- Per remittance 30.00
Rs.10001/- to Rs 1 lac Per Rs.1000 @ 2.50
Minimum 35.00
Above Rs.1 lac to Rs.10 lac Per Rs.1000 @ 2.25
Minimum 300.00
Above Rs.10 lacs Per Rs.1000 @ 2.00
Minimum 2500.00
Maximum 3500.00
(free for SB/ CD/CC A/cs With average credit balance of Rs.10 lacs &
above p.a. with maximum 10 remittances per month or 50 remittance p.a.)
Remittances against tender of CASH Upto Rs.1000/- Normal charges
Above Rs.1000/- Normal charges +
50% of normal charges.

5. Issue of Bankers cheque / Pay order / Pay slip

Upto Rs.1000/- Per instrument 12.00
Rs.1001/- to Rs.5000/- Per instrument 22.00
Rs.5001/- to Rs.10000/- Per instrument 25.00
Rs.10001/- to Rs 1 lac Per Rs.1000 @ 2.00
Minimum 30.00
Above Rs.1 lac to Rs.10 lac Per Rs.1000 @ 0.75
Minimum 225.00
Above Rs.10 lacs Per Rs.1000 @ 0.80
Minimum 850.00
Maximum 3500.00
(free for SB/ CD/CC A/cs With average credit balance of Rs.10 lacs
& above p.a. with maximum 10 remittances per month or 50 remittance p.a.)
Pay Order / Pay Slip against tender of cash Upto Rs.1000/- Normal charges
Above Rs.1000/- Normal charges +
50% of normal charges.

Note: No Commission on Pay Order issue

6. Cash Counting Charges

Sr. No. Particulars (Bulk cash deposits made in) Revised Charges
1 Savings Bank account
a) Upto Rs 2.00 lacs per day Nil
b) Above Rs 2.00 lacs per day 0.10% + applicable
2 Overdraft & Cash Credit accounts 0.10% + applicable
Any amount of cash deposited in the account NO
3 Current account
a) Charges to be levied for cash deposits during the month upto 10 times of average monthly balance maintained during previous month --
b) Charges to be levied for cash deposits during the month above 10 times of average monthly balance maintained during previous month 0.10% + applicable GST

7. Issue of cheque books

MICR/Non-MICR– per cheque leaf Current 3.00
Golden Customer 1.00
Savings (60 cheque free in a year for Savings Bank A/cs) 1.50

8. Draft Arrangement / Purchased from Other Banks

Upto Rs.1000/- Per instrument 9.00
Rs.1001/- to Rs.5000/- Per instrument 12.00
Rs.5001/- to Rs.10000/- Per instrument 14.00
Rs.10001/- to Rs 1 lac Per Rs.1000 @ 1.25
Minimum 20.00
Above Rs.1 lac to Rs.10 lac Per Rs.1000 @ 1.00
Minimum 150.00
Above Rs.10 lacs Per Rs.1000 @ 0.80
Minimum 1100.00
Maximum 2500.00
The above charges

9. Guarantees

* For calculation see below.

Fully Secured Rs. 200 + 1% p.a. on amount of guarantee
Partly Secured Rs.200 + 2% p.a. on amount of guarantee
Obtain through UBI or other Banks Rs.200/- + 1% of Bank Guarantee + UBI Commission�+
Rs.400 + Stamp Paper of Counter Indemnity

Guarantee Commission

a) In case of 100% secured guarantee we charge 1% commission as follows:

Amount of guarantee x 1% x period of guarantee (month) / 1200

b) In case of unsecured guarantee we charge 2% commission as follows: Amount of guarantee x 2% x period of guarantee (month) / 1200

Note: In case we are issuing Bank Guarantee through Nationalised Bank, then our commission + commission charged by Nationalised Banks would be taken.

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

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

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