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

Sr. No PARTICULARS APPLICABLE CHARGES
EXCLUDING GST
W.E.F 01.06.2021
10 OTHER MISCELLENOUS SERVICES :
ISSUE OF:
i DUPLICATE PASS BOOK/STATEMENT WITH LATEST BALANCE 20
FOR PREVIOUS ENTRIES 30
PER LEDGER PAGE
(40 ENTRIES)
ii BALANCE CERTIFICATE PER CERTIFICATE 50
iii NO DUES CERTIFICATE ( Non-Existing Borrower) PER CERTIFICATE 50
iv INTEREST CERTIFICATE PER CERTIFICATE 50
v DUPLICATE DEPOSIT RECEIPT NOTORISED INDEMNITY BOND 100
vi DUPLICATE SHARE CERTIFICATE NOTORISED STAMP PAPER 100
vii DUPLICATE DD/PO PER INSTUMENT 50
viii REVALIDATION OF DD/PO PER INSTUMENT 25
ix CANCELLATION OF DD/PO PER INSTUMENT 40
x COPY OF CHEQUE PER INSTUMENT 50
xi SOLVENCY CERTIFICATE :
Upto Rs. 100000/- PER CERTIFICATE 500
Above Rs.1.00 Lac to 5.00 Lacs PER CERTIFICATE 1,250
Above Rs.5.00 Lac to 10.00 Lacs PER CERTIFICATE 2,500
Above Rs.10.00 Lac to 25.00 Lacs PER CERTIFICATE 3,000
Above Rs.25.00 Lac to 50.00 Lacs PER CERTIFICATE 6,000
Above Rs.50.00 Lac to 1.00 Crore PER CERTIFICATE 12,500
Above Rs. 1.00 Crore upto 5 crores PER CERTIFICATE 20,000
Above Rs. 5 Crores PER CERTIFICATE 25,000
11 STOP PAYMENT CHARGES PER INSTRUMENT 100
12 SIGN. VERIFICATION/PHOTO ATTESTATION PER INSTRUMENT 50
13 CHANGE OF AUTHORISED SIGNATORY
INCLUDING RECONSTRUCTION
100
14 OPERATION THROUGH POWER OF ATTORNEY PER REQUEST 100
15 ADDITION /DELETION OF NAMES
In Joint A/c, Nomination Charges PER REQUEST nil
16 OLD RECORD ENQUIRY
a) Above 3 months Upto 12 months 150
b) Above 12 mths. upto 5 yrs. (Subject to availability) 300
17 CLOSURE OF ACCOUNTS Within/After 6 Months
Easy Saving 75 - 50
Saving Bank Deposit account 125 - 100
Current Bank Deposit account 300 - 200
20 COMMISSION AGAINST PAYMENT 0.18% of amount per day
basis Minimum Rs.25 per day
21 DRAFT PURCHASED 0.20% of amount per day
With minimum of Rs 25 per day
22 NEFT/ RTGS- O/W CHARGES
Upto Rs.10,000/- 3
Above Rs.10,000/- to Rs.1.00 Lac 6
Above Rs. 1.00 Lac to Rs.2.00 Lacs 17
Above Rs.2.00 lacs TO 5.00 Lacs 28
Above Rs. 5.00 Lacs 57
23 ATM-CARD
Reissue ATM Card 200
Duplicate Pin Charges 100
ISSUE OF CHEQUE BOOK :
SAVING BANK DEPOSIT ACCOUNT 20 CHQ LEAF FREE DURING FINANCIAL YEAR -
RS 2.00 PER CHQ LEAF THEREAFTER 20
CURRENT BANK DEPOSIT ACCOUNT RS 2.00 PER CHQ LEAF THEREAFTER 50
24 LOAN
a CIBIL Individual Rs. 100 (INCLUDING) GST
Commercial Rs. 1100/- (Including GST)
(Proprietorship Firm/Partnership Firm/LLP/Ltd Co./Trust etc.)
b Charge with ROC
(Registrar of Company)
Rs. 7,500/- (including GST)
c SEARCH REPORT Rs. 3,000/-
d LSR - Legal Srutiny Report 4500
e SMS Charges Rs.25/- half yearly (excluding NRE Savings & Deposits)
f Advocate charges for preparing Mortage Papers Rs.1,500/-
g Processing fees for loan application upto Rs.1.00 Crore 0.50% (Maximum Rs.10,000/- + GST)
Rs.1.00 Crore to Rs.2.00 Crore 0.50% (Maximum Rs.20,000/- + GST)
Rs.2.00 Crore to Rs.3.00 Crore 0.50% (Maximum Rs.30,000/- + GST)
Rs.3.00 Crores upto Rs.4.00 Crore 0.50% (Maximum Rs.40,000/- + GST)
h Processing fees Renewal of CC/OD upto Rs.1.00 Crore 0.25% (Maximum Rs.5,000/- + GST)
Rs.1.00 Crore to Rs.2.00 Crore 0.25% (Maximum Rs.10,000/- + GST)
Rs.2.00 Crore to Rs.3.00 Crore 0.25% (Maximum Rs.15,000/- + GST)
Rs.3.00 Crores upto Rs.4.00 Crore 0.25% (Maximum Rs.20,000/- + GST)
i Commission Per Rs.100/- 0.50% + GST
j Valuation charges of immovable properties Upto Rs.50 Lakh Rs.2000/- + GST as applicable
Above Rs.50 Lakh upto Rs.1 Crore Rs.3000/- + GST as applicable
Above Rs.1 Crore upto Rs.2 Crore Rs.4000/- + GST as applicable
Above Rs.2 Crore upto Rs.4 Crore Rs.5000/- + GST as applicable
Above Rs.4 Crore Rs.6000/- + GST as applicable
k GOLD VALUATION Rs.2/- per thousand Subject to a minimum of Rs.100/-
l Special Request Upto Rs.50.00 Lakhs Rs.2,000/- + GST
Above Rs.50.00 Lakhs Rs.5,000/- + GST
(a. Change of security/Surety
b. Partial withdrawal of Security
c. Change in any terms & condition of sanction remarks)
25 Non-compliance of documentation post disbursement Loan amount upto Rs.50.00 Lakh Rs.500/- p.m. (till the completion of compliance)
Loan amount above Rs.50.00 Lakh Rs.2,000/-p.m.(till the completion of compliance)
26 BANK GUARANTEES
a Fully Secured 1) Fully secured by 100% FDR Rs.300 + 0.5% p.a. On amt of Guarantee
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
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
b Partly Secured 40% Non Interest bearing FDR and rest is unsecured Rs.300 + 2% p.a. On amt of Guarantee
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
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
27 INVOKING OF BANK GUARANTEE PER BANK GUARANTEE 1000
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
28 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%
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. 1 cr 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)
NOTE :
1 Charges are exclusive of GST.
2 Presently Applicable GST is @18%

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

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

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