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
xi SOLVENCY CERTIFICATE :
Upto Rs.1,00,000/- PER CERTIFICATE 500 90.00 590.00
Above Rs.1.00 Lac to 5.00 Lacs PER CERTIFICATE 1,250 225.00 1,475.00
Above Rs.5.00 Lac to 10.00 Lacs PER CERTIFICATE 2,500 450.00 2,950.00
Above Rs.10.00 Lac to 25.00 Lacs PER CERTIFICATE 3,000 540.00 3,540.00
Above Rs.25.00 Lac to 50.00 Lacs PER CERTIFICATE 6,000 1,080.00 7,080.00
Above Rs.50.00 Lac to 1.00 Crore PER CERTIFICATE 12,500 2,250.00 14,750.00
Above Rs. 1.00 Crore upto 5 crores PER CERTIFICATE 20,000 3,600.00 23,600.00
Above Rs. 5 Crores PER CERTIFICATE 25,000 4,500.00 29,500.00
8 STOP PAYMENT CHARGES PER INSTRUMENT 100 18.00 118.00
9 SIGN. VERIFICATION/PHOTO ATTESTATION PER VERIFICATION 50 9.00 59.00
10 CHANGES OF AUTHORISED SIGNATORY
INCLUDING RECONSTRUCTION
100 18.00 118.00
11 OPERATION THROUGH POWER OF ATTORNEY PER REQUEST 100 18.00 118.00
12 MODIFICATION REQUEST OF ACCOUNT PROFILE PER REQUEST 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 ATM Card 200 36.00 236.00
19 ISSUE OF CHEQUE BOOK:
SAVING BANK DEPOSIT ACCOUNT 20 CHQ LEAF FREE DURING FINANCIAL YEAR -
RS 2.00 PER CHQ LEAF THERE AFTER 20 3.60 23.60
CURRENT BANK DEPOSIT ACCOUNT RS 2.00 PER CHQ LEAF THEREAFTER 50 9.00 59.00
20 Loan
a CIBIL Individual 200 36.00 236.00
Commercial (Proprietorship/Firm/Part nership Firm/LLP/Ltd Co./Trust etc.) 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 SMS Charges Rs.25/- half yearly (excluding NRE Savings & Deposits) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
f Advocate charges for preparing Mortage Papers 2,000 360.00 2,360.00
g Processing fees for loan application upto Rs.1.00 Crore 0.50% (Maximum Rs.10,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.1.00 Crore to Rs.2.00 Crore 0.50% (Maximum Rs.20,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.2.00 Crore to Rs.3.00 Crore 0.50% (Maximum Rs.30,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.3.00 Crores upto Rs.4.00 Crore 0.50% (Maximum Rs.40,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
h Processing fees Renewal of CC/OD upto Rs.1.00 Crore 0.25% (Maximum Rs.5,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.1.00 Crore to Rs.2.00 Crore 0.25% (Maximum Rs.10,000/- + GST) 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.2.00 Crore to Rs.3.00 Crore 0.25% (Maximum Rs.15,000/- + GST 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Rs.3.00 Crores upto Rs.4.00 Crore 0.25% (Maximum Rs.20,000/- + GST 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
i Loan Commission Per Rs.100/- 0.50% + GST 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
j Valuation charges of immovable properties Upto Rs.50 Lakh Rs.2000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Above Rs.50 Lakh upto Rs.1 Crore Rs.3000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Above Rs.1 Crore upto Rs.2 Crore Rs.4000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
Above Rs.2 Crore upto Rs.4 Crore Rs.5000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
  Above Rs.4 Crore Rs.6000/- + GST as applicable 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
 
k GOLD VALUATION Rs.2/- per thousand Subject to a minimum of Rs.100/- 18% GST ON EQUI AMOUNT = EQUIV AMT +18% GST
 
l Special Request - Processing charges Upto Rs.50.00 Lakhs 1,000 180.00 1,180.00
  Above Rs.50.00 Lakhs 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)
 
m. PENAL CHARGES for default instalment   2% p.a. on Overdue amount 18% GST ON EQUI AMOUNT '= EQUIV AMT + 18% GST
           
n. 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
           
o Penal Charges for non- submission of stock statement   '@ 1% p.a. on facility amount 18% GST ON EQUI AMOUNT '= EQUIV AMT + 18% GST
           
21 Non-compliance of documentation post disbursement Loan amount upto Rs.50.00 Lakh Rs.500/- p.m. (till the completion of compliance) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
Loan amount above Rs.50.00 Lakh Rs.2,000/-p.m.(till the completion of compliance) 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
22 BANK GUARANTEES
a Fully Secured 1) Fully secured by 100% FDR Rs.300 + 0.5% p.a.On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
2) Secured by 25% Non interest bearing FDR of BG amounting and rest secured by mortgage Rs.300 + 0.5% p.a. On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
3) Secured by less than 25% Non interest bearing FDR of BG amounting and rest secured by mortgage Rs.300 + 2% p.a.On amt of Guarantee 18% GST ON EQUI AMOUNT = EQUIV AMT + 18% GST
b Partly Secured 40% Non Interest bearing FDR and rest is unsecured 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 commission UBI 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
23 INVOKING OF BANK GUARANTEE PER 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 given as given by the nationalized bank
24 Commitment Charges Commitment charges (point no 27(i) to be charged at 1% p.a + GST at the end of every quarter (March, June, Sept and Dec) 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)
25 Charges for IMPS:
Upto Rs.1000/- - Rs. 2.50 0.18 Rs.2.50 + applicable GST
Rs, 1001 to Rs. 100000 - Rs. 5.00 0.18 Rs.5.00 + applicable GST
More than Rs. 1,00,000/- - Rs. 10.00 0.18 Rs.10.00 + applicable GST
26 Charges for Annual Maintenance of ATM Cards :
Annual Maintenance of ATM Cards Rs. 100/- 0.18 Rs.100/- + applicable GST
27 New QR code standee
Issueing new QR Code Standee Rs. 125/- 0.18 Rs.125/- + applicable GST

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

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

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