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KOKAN MERCANTILE CO-OPERATIVE BANK LTD Effective date: 10th July 2024
HARBOUR CREST, MAZAGAON T.T., MUMBAI-400 010 SMS Charges Amended on 6th September 2025

Sr. No PARTICULARS PROCEEDS APPLICABLE CHARGES GST 18% PROCEEDS APPLICABLE CHARGES
EXCLUDING GST INCLUDING GST
1 ISSUE OF PAY ORDER / DD
upto Rs.1000/- 25 4.50 29.50
Above Rs.1000/- to Rs.5000/- 30 5.40 35.40
Above Rs.5000/- to Rs.10000/- 35 6.30 41.30
Above Rs.10000/- to Rs.1,00,000/- 50 9.00 59.00
Above Rs.1 lac to 10 lacs 300 54.00 354.00
Above Rs. 10 lacs 2,500 450.00 2,950.00
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 of 50 remittances p.a.)
2 PAY ORDER / PAY SLIP AGAINST CASH
Upto Rs.1000 50 9.00 59.00
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 participating in Mumbai Clearing
a) Outward Return Clearing
Upto Rs. 10000/- 100 18 118.00
Above Rs. 10000/- 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 300 + Int.@36% p.a.on Chq. Amt. Per day 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
c) Inward Return ECS/NACH 300 54.00 354.00
d) Outward Return ECS/NACH 100 18.00 118.00
4 COMMISSION ON CASH DEPOSIT/TRANSFER FOR INWARD CHEQUES (AFTER 12.00 NOON) (TO BE COLLECTED MANUALLY) 0.25% + applicable GST on deposit of Shortfall 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
5 CASH DEPOSIT / COUNTING CHARGES :
Savings Accounts
Upto Rs. 1.00 Lacs per day NIL
Above Rs. 1.00 Lacs Rs.1/- per Rs. 1,000/- deposited 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Overdraft & Cash Credit accounts
Upto Rs. 1.00 Lacs per day NIL
Above Rs. 1.00 Lacs Rs.1/- per Rs. 1,000/- deposited 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Current accounts
Upto Rs. 1.00 Lacs per day NIL
Above Rs. 1.00 Lacs Rs.1/- per Rs. 1,000/- deposited 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
NOTE :
If the cash is serially deposited in a single day, the amount so deposited shall be integrated together for the purpose of applying commission
6 Charges for not maintaining minimum balance on operative accounts
a) Saving account
i) Urban Areas (Mumbai, Goa & Thane Region) 10% OF THE Avg Bal SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
ii) Other Areas 10% OF THE AVG BAL SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
b) Current Account
i) Urban Areas (Mumbai, Goa & Thane Region) 10% OF THE Avg Bal SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
ii) Other Areas 10% OF THE AVG BAL SHORTFALL 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
7 OTHER MISCELLENOUS SERVICES :
ISSUE OF:
i DUPLICATE PASS BOOK/STATEMENT
a) PASS BOOK 25 4.50 29.50
Printing charges 10 1.80 11.80
b) STATEMENT 25 4.50 29.50
Printing charges 10 1.80 11.80
ii BALANCE CERTIFICATE 50 9.00 59.00
iii NO DUES CERTIFICATE ( Non-Existing Borrower) 50 9.00 59.00
iv INTEREST CERTIFICATE 50 9.00 59.00
v DUPLICATE DEPOSIT RECEIPT 100 18.00 118.00
vi DUPLICATE SHARE CERTIFICATE 100 18.00 118.00
vii DUPLICATE DD/PO 50 9.00 59.00
viii REVALIDATION OF DD/PO 25 4.50 29.50
ix CANCELLATION OF DD/PO 40 7.20 47.20
x COPY OF CHEQUE 50 9.00 59.00
xi SOLVENCY CERTIFICATE :
Upto Rs.1,00,000/- 500 90.00 590.00
Above Rs.1.00 Lac to 5.00 Lacs 1,250 225.00 1,475.00
Above Rs.5.00 Lac to 10.00 Lacs 2,500 450.00 2,950.00
Above Rs.10.00 Lac to 25.00 Lacs 3,000 540.00 3,540.00
Above Rs.25.00 Lac to 50.00 Lacs 6,000 1,080.00 7,080.00
Above Rs.50.00 Lac to 1.00 Crore 12,500 2,250.00 14,750.00
Above Rs. 1.00 Crore upto 5 crores 20,000 3,600.00 23,600.00
Above Rs. 5 Crores 25,000 4,500.00 29,500.00
8 STOP PAYMENT CHARGES 100 18.00 118.00
9 SIGN. VERIFICATION/PHOTO ATTESTATION 50 9.00 59.00
10 CHANGES OF AUTHORISED SIGNATORY
INCLUDING RECONSTRUCTION 100 18.00 118.00
11 OPERATION THROUGH POWER OF ATTORNEY 100 18.00 118.00
12 MODIFICATION REQUEST OF ACCOUNT PROFILE 50 9.00 59.00
13 OLD RECORD ENQUIRY
a) Above 3 months Upto 12 months 150 27.00 177.00
b) Above 12 mths. upto 5 yrs. (Subject to availability) 300 54.00 354.00
14 CLOSURE OF ACCOUNTS Within/After 6 Months
Easy Saving 75 - 50 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Saving Bank Deposit account 125 - 100 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Current Bank Deposit account 300 - 200 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
15 COMMISSION AGAINST PAYMENT 0.18% of amount per day 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
basis Minimum Rs.25 per day 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
16 DRAFT PURCHASED 0.20% of amount per day 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
With minimum of Rs 25 per day 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
17 NEFT/ RTGS- O/W CHARGES
Upto Rs.10,000/- 3 0.54 3.54
Above Rs.10,000/- to Rs.1.00 Lac 6 1.08 7.08
Above Rs. 1.00 Lac to Rs.2.00 Lacs 17 3.06 20.06
Above Rs.2.00 lacs TO 5.00 Lacs 28 5.04 33.04
Above Rs. 5.00 Lacs 57 10.26 67.26
18 ATM-CARD
Reissue / Duplicate ATM Card 200 36.00 236.00
ISSUE OF CHEQUE BOOK:
SAVING BANK DEPOSIT ACCOUNT -
20 3.60 23.60
CURRENT BANK DEPOSIT ACCOUNT 50 9.00 59.00
19 LOAN
a CIBIL 200 36.00 236.00
2,000 360.00 2,360.00
b Charge with ROC 7,500 1,350.00 8,850.00
(Registrar of Company)
c SEARCH REPORT WITH CERSAI SEARCH 3,500 630.00 4,130.00
d LSR - Legal Scrutiny Report WITH CERSAI SEARCH 5,000 900.00 5,900.00
LEGAL VETTING CHARGES 1,000 180.00 1,180.00
e Advocate charges for preparing Mortage Papers 2,000 360.00 2,360.00
f Processing fees for loan application 0.50% (Maximum Rs.10,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.50% (Maximum Rs.20,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.50% (Maximum Rs.30,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.50% (Maximum Rs.40,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
g Processing fees Renewal of CC/OD 0.25% (Maximum Rs.5,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.25% (Maximum Rs.10,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.25% (Maximum Rs.15,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
0.25% (Maximum Rs.20,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
h Loan Commission 0.50% + GST 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
i Valuation charges of immovable properties Rs.2000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.3000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.4000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.5000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.6000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
j GOLD VALUATION Rs.2/- per thousand Subject to a minimum of Rs.100/- 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
k Special Request - Processing charges 1,000 180.00 1,180.00
2,500 450.00 2,950.00
(a. Change of security/Surety
b. Partial withdrawal of Security
c. Change in any terms & condition of sanction remarks)
l PENAL CHARGES for default instalment 2% p.a. on Overdue amount 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
m Penal Charges for non -renewal of CC / OD Grace period upto 1 month after the date of expiry of facility is allowed for submission of renewal application and thereafter Penal Charges @ 2% on facility amount for temporary extension. Such extension is allowed for maximum 3 months 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
n Penal Charges for non- submission of stock statement @ 1% p.a. on facility amount 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
20 Non-compliance of documentation post disbursement Rs.500/- p.m. (till the completion of compliance) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.2,000/-p.m.(till the completion of compliance) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
21 BANK GUARANTEES
a Fully Secured Rs.300 + 0.5% p.a. On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.300 + 0.5% p.a. On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Rs.300 + 2% p.a. On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
b Partly Secured Rs.300 + 2% p.a. On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
c Obtain through UBI or other banks Rs.300 + 0.5% of Bk.G'tee + the other bank commissionUBI Commission+Stamp paper of Counter indemnity 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
CALCULATION ON ABOVE ( SEE BELOW)
a) In Case of 100% Secured Guarantee we charge
Commission as follows :
Amount of Guarantee x 0.5% x period of Guarantee (no of quarters / 400
b) In Case of 100% Un-Secured G'tee we charge
Commission as follows :
Amount of Guarantee x 2% x period of Guarantee (no of quarters / 400
NOTE :
In Case we are issuing Bank Guarantee through
Nationalised Bank, then Our Commission + Comm.
Interest on FDR will be as given by the Nationalised bank
22 INVOKING OF BANK GUARANTEE 1,000 180.00 1,180.00
In case of invoking BG, the amount should be adjusted from the FDR. Balance should be recovered from CA/CC/OD account as the case may be. If still balance remains, issue notice to the party and park the amount under invoked BG a/c by charging interest @ 18% pa. Interest on FDR will be as given by the nationalized bank.
23 Commitment Charges 1% 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Leving of commitment charges at 1% p.a + GST for under utilisation of limits in respect of all the borrowers enjoying credit facility (excluding facility scanctiioned against FD/NSC) of Rs. 50Lacs and above is mandatory to be collected on quarterly basis, if the quarterly average utilization of the credit limit is less than 50% of the scantioned limit)
24 Charges for IMPS:
Upto Rs. 1000 Rs. 1.50 0.18 Rs.1.50 + applicable GST
Rs. 1001 to Rs. 100000 Rs. 2.50 0.18 Rs.2.50 + applicable GST
Upto Rs. 2,50,000/- Rs. 5.00 0.18 Rs.5.00 + applicable GST
More Rs. 2,50,000/- Rs. 10.00 0.18 Rs.10.00 + applicable GST
25 Charges for Annual Maintenance of ATM Cards :
Annual Maintenance of ATM Cards Rs. 100/- 0.18 Rs.100/- + applicable GST
26 New QR code standee
Issuing new QR Code Standee Rs. 125/- 0.18 Rs.125/- + applicable GST
27 Transaction Fee for Debit Card Usage
a) Transactions on Bank's own ATMs Free Free
b) Transactions in Metro Cities (On Other Bank ATMs)
-> First 3 Transactions Free Free Free
-> From 4th Transaction Onwards
- For Financial Transactions (Cash Withdrawals) Rs. 23/- Rs. 4.14 Rs. 27.14
- For Non-Financial Transactions (Bank Balance, Mini Statement etc) Rs. 9/- Rs. 1.62 Rs. 10.62
c) Transactions in Non-Metro Cities (On Other Bank ATMs)
-> First 5 Transactions Free Free Free
-> From 6th Transaction Onwards
- For Financial Transactions (Cash Withdrawals) Rs. 23/- Rs. 4.14 Rs. 27.14
- For Non-Financial Transactions (Bank Balance, Mini Statement etc) Rs. 9/- Rs. 1.62 Rs. 10.62
28 SMS Charges Rs.0.20 per message 18% GST = EQUIV AMT + 18% GST
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Kokan Mercantile Co-operative Bank Ltd. is a leading Multi State Co-operative Bank registered under the Multi State Co-operative Societies Act, 2002. Although initially the Bank was established in the year 1969 as the Ratnagiri Mercantile Co-operative Credit Society with 105 members and Share Capital of mere Rs. 11200/- ..... View Details

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

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Email: customercare@kokanbank.in

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