COMPANY PROFILE

REAY ROAD MAZGAON BRANCH:

Harbour crest, mazgaon T.T.Shavdas champsi Marg, railway colony,
Mumbai Maharashtra 400010
IFSC CODE: KKBK0KMCB04
Email: kmcbco@vsnl.net / W: www.kokanbank.net

Kokan Mercantile Co-operative Bank Ltd is a multi-state cooperative bank

mainly known as Kokan Bank, has been serving the community for the past
fifty years in the entire Kokan region (Western Maharashtra) with 25 branches
spread across in Greater Mumbai, Thane, Raigad, Ratnagiri and State of Goa.

The Bank has played an important role in catering to all the financial and
banking business needs of its customers. The main important motive of the bank
is service, upliftment and economic growth of the region and its people.

Our Vision : " To Be The Largest & Most Innovative

Bank Taking Care Of Everyone's Need "

v SERVICES OFFERED

1 Saving Account
2 Current Account
3 Fixed Account
4 Recurring Deposit
5 Lakhpati Deposit
6 Team Loan
7 HousingLoan
8 Educational Loan
9 Vehicle Loan
10 Gold Loan
11 Property loan
12 ATM Facility
13 Locker Facility
14 Overdraft Facility
15 Cash Credit Facility
 v HIERARCHY IN THE BRANCH

v PROCESS OF OPENING A SAVING ACCOUNT

APPLICATION FORM

Any financial institution will have a variety of account types and services to
choose from.

Banks often give their products unique names that can be confusing, but they’re
basically products at every institution:
• Checking accounts for making payments and direct deposit.
• Savings accounts for earning interest.
• Money market accounts for slightly more interest (while keeping access
to your cash)
• Certificates of deposit (CDs) for earning even more when you lock up
your funds.
• Loans of all types (auto, home, personal loans, and more)
• Different names are usually different levels of service (with
correspondingly higher pricing or thresholds to avoid fees). Pick the
option that has a mix that is right for you. For example, if you'll keep a
 low balance in the account, just open an account that keeps fees at a
minimum.

Provide Your Information

As you open a new bank account, you'll need to provide sensitive information to
the bank. To protect themselves and comply with regulations such as the Patriot
Act, they can't open an account without verifying your identity.

Steps to Open a Savings Account with Kokan Merchantile Cooperative

Bank
To open a KMC savings account at any KMC Bank branch, customers will have
to follow the steps mentioned below.

Visit the KMC branch closest to you.

• Request the bank executive for an account opening form.
• On the account opening form, applicants will have to fill in both the parts.
• Form 1 - Name, address, signature, various other details and assets.
• Form 2 - Customers will have to fill in this part if they do not have a PAN
card.
• Ensure that all the fields have been entered and are correct. The details
mentioned in the application form should match those mentioned in the
KYC documents that have been submitted.

Documents Required to Open KMC Savings Account

• To be eligible for the KMC Savings Account, customers will have to
submit the following documents along with account opening form.
• Proof of identity - Passport, Driving license, Voter’s ID card, etc.
• Proof of address - Passport, Driving license, Voter’s ID card, etc.
• PAN card
• Form 16 (only if PAN card is not available)
• 2 latest passport size photographs

The customer will now have to make an initial deposit of Rs.500

As soon as the bank completes the verification process, the account holder will
be granted a welcome kit.
Simultaneously, customers can submit the internet banking form.

Agree to Terms
You’ll have to agree to abide by certain rules and accept responsibility for
certain activities in your accounts. When you open an account at a bank, you
form a relationship based on a very important subject – your money. Therefore
you should know what you’re getting into. If you open bank accounts online,
you complete this step by clicking an “I Agree” (or similar) button, and moving
on to the next step.

Although disclosure is getting better, there are a lot of important details buried
in the fine print. In particular, you'll want to know about any fees charged to
your account, and when your funds are available for withdrawal.

In addition to bank agreements, federal law dictates your rights and

responsibilities. For example, if somebody takes money out of your account
fraudulently (or due to an error), you might be protected. However, you may
need to report the withdrawal quickly for full protection.

Kokan Merchantile Cooperative Bank Savings Account Welcome Kit

Following approval of the bank, the customer will receive a savings account
welcome kit. The kit will contain:

KMC ATM debit card

The PIN will be sent in a separate post.
KMC cheque book of 10 leaves.
Pay-in slips
One will have to ensure that the welcome kit is sealed on arrival.

Fund Your Account

If you’re opening a checking or savings account, you’ll need to make an initial
deposit into the account. Sometimes this is required as part of the opening
process, and sometimes you can do it after the account is up and running. There
are several ways to fund your account:

• Deposit cash, which should be available for spending with your debit card
immediately.
• Deposit a check or money order to your account. The funds should be
available within a few business days after you make the deposit.
• Set up direct deposit with your employer. Instead of getting a paycheck,
your earnings will be sent directly to your new account.
• Transfer funds electronically. Move money from an external bank
account to make your initial deposit.

Start Using the Account

Congratulations, you are the proud owner of a new account! Your account may
be ready within a few minutes to a few days. For checking and savings
accounts, keep an eye out for a debit card (or ATM card) in the mail. You might
also get a checkbook so you can write checks. To make the most of your
account, sign up for features that help you manage your money:
Online bill pay allows you to pay bills electronically.
Your bank’s mobile app may allow you to deposit checks remotely. You won’t
need to make trips to a branch of fill out deposit slips.
Sign up for text or email alerts so that you know when your account balance is
running low (or when large withdrawals happen).

v WITHDRAW SLIPS

A withdrawal slip is a bank document on which a person writes the date,

account number and amount of money to withdraw from a bank. It is called a
withdrawal slip because it is used to make a withdrawal from a person’s
account. It includes important information that allows the bank to keep an
accurate record of the withdrawal and provide the required amount.

It is crucial to write accurate and readable information on the slip to ensure

proper withdrawal. An official bank withdrawal slip is obtained at the bank
branch where the person deposited money, and it contains a clear print of the
bank name. When filling out a withdrawal slip, a person writes his complete
name including a middle initial. If the slip asks for an address, it is important to
write a complete address including the ZIP code. The amount to withdraw is
written in words below the name. Any change is written as a fraction. If coin
change is not needed, a fraction with a zero is included. After filling out the
bank slip, a person signs it in the presence of a bank teller. Forms of
identification are often shown to the bank teller before receiving the money.
The teller processes the withdrawal and provides the money along with a
receipt. It is also possible to withdraw the money using an ATM.

v DEPOSIT SLIPS
A bank deposit slip is a small form designed to place money into a savings or
checking account. A bank deposit slip has the account number, the name of the
depositor as it appears on the account, the date of the deposit and the amount of
funds being placed into an account.

A deposit slip typically requires an itemization of the amount of cash, coin and
checks being deposited into an account. If the deposit is entirely in the form of a
check or checks, a line item exists where the amount of any cash returned to the
depositor is indicated.
1) Accounting Convention:
The financial statements are drawn up keeping in mind the historical cost and
going concern concept and in accordance with generally accepted accounting
principles and practices prevailing in the Co-Operative Banks in India except
otherwise stated.

2) Revenue Recognition
Income and Expenditure are accounted on accrual basis except as
stated below:
• Interest on Advances classified as Sub-Standard, Doubtful or Loss Assets
is recognized on realization. The unrealized interest in these cases is
accounted in Overdue Interest Reserve.
• Interest on Fixed Income Securities is recognized on accrual basis in case
it is serviced regularly. Dividend Income is accounted on declaration of
dividend.
• Leave encashment and Annual Maintenance Contract Fees are accounted
on cash basis.
• Expenses of capital nature and otherwise like software, election expenses
and Voluntary Retirement Scheme (VRS) expenditure etc., are treated as
Deferred Revenue Expenditure and are written off as under:
SOFTWARE 3YEARS
ELECTION EXPENSES 5YEARS
VRS 5YEARS

FUNCTIONS OF BANK

A. Primary Functions of Banks

The primary functions of a bank are also known as banking functions. They are
the main functions of a bank.
These primary functions of banks are explained below.

1. Accepting Deposits:
The bank collects deposits from the public. These deposits can be of different
types,
such as :-
a. SavingDeposits
b. FixedDeposits
c. Current Deposits d. RecurringDeposits
a. Saving Deposits
This type of deposits encourages saving habit among the public. The rate of
interest is low. At present it is about 4% p.a. Withdrawals of deposits are
allowed subject to certain restrictions. This account is suitable to salary and
wage earners. This account can be opened in single name or in joint names.

b. Fixed Deposits:
Lump sum amount is deposited at one time for a specific period. Higher rate of
interest is paid, which varies with the period of deposit. Withdrawals are not
allowed before the expiry of the period. Those who have surplus funds go for
fixed deposit.

c. Current Deposits:
This type of account is operated by businessmen. Withdrawals are freely
allowed. No interest is paid. In fact, there are service charges. The account
holders can get the benefit of overdraft facility.

d. Recurring Deposits
This type of account is operated by salaried persons and petty traders. A certain
sum of money is periodically deposited into the bank. Withdrawals are
permitted only after the expiry of certain period. A higher rate of interest is
paid.

2. Granting of Loans and Advances:

The bank advances loans to the business community and other members of the
public. The rate charged is higher than what it pays on deposits. The difference
in the interest rates (lending rate and the deposit rate) is its profit.
The types of bank loans and advances are :-
a. Overdraft
b. CashCredits
c. Loans
d. Discounting of Bill of Exchange

a. Overdraft:
This type of advances are given to current account holders. No separate account
is maintained. All entries are made in the current account. A certain amount is
sanctioned as overdraft which can be withdrawn within a certain period of time
say three months or so. Interest is charged on actual amount withdrawn. An
overdraft facility is granted against a collateral security. It is sanctioned to
businessman and firms.
b. Cash Credits:
The client is allowed cash credit upto a specific limit fixed in advance. It can be
given to current account holders as well as to others who do not have an account
with bank. Separate cash credit account is maintained. Interest is charged on the
amount withdrawn in excess of limit. The cash credit is given against the
security of tangible assets and / or guarantees. The advance is given for a longer
period and a larger amount of loan is sanctioned than that of overdraft.

c. Loans:
It is normally for short term say a period of one year or medium term say a
period of five years. Now-a-days, banks do lend money for long term.
Repayment of money can be in the form of installments spread over a period of
time or in a lumpsum amount. Interest is charged on the actual amount
sanctioned, whether withdrawn or not. The rate of interest may be slightly lower
than what is charged on overdrafts and cash credits. Loans are normally secured
against tangible assets of the company.

d. Discounting of Bill of Exchange:

The bank can advance money by discounting or by purchasing bills of exchange
both domestic and foreign bills. The bank pays the bill amount to the drawer or
the beneficiary of the bill by deducting usual discount charges. On maturity, the
bill is presented to the drawee or acceptor of the bill and the amount is
collected.

LOAN SCHEMES

v Housing Loan
For purchase of dwelling unit i.e. flat, row house, bungalow under construction
or ready possession, first sale or resale.
Housing loans upto rs. 70.00 lacs for buying a new house
margin: 20% of sale agreement / cost of construction + stamp duty and
registration fees.

Ø Eligibility
1. For salaried persons :
Employees of reputed and financially sound organisation.
minimum take home salary of INR. 15000/- pm and confirmed service for at
least one year.
2. For businessmen & professionals :
Business should have establishment of minimum of three years.
3. Co-Applicant :
Spouse/Parents of the applicant can be taken if required.

Ø Share Holding
Loan upto Rs. 1.00 lacs- nominal membership of Rs.25/-
Loan above Rs 1.00 lacs (secured) - 2.5% of loan amount. Share holding limit
to borrower Rs. 10.00 lakhs.

Ø Loan Limit
Maximum upto 70.00 lacs

Ø Repayment
maximum 120 / 180 / 240 months inclusive of moratorium period of maximum
18 months or till the retirement age if salaried whichever is earlier.In case of
takeover loan maximum repayment tenure till residual tenure of earlier sanction
or actual whichever is less.

Ø Documents
* Proof of residence of the applicant(s)
* Proof of identification of the applicant(s)
* Two recent passport size color photographs
* Bank statement of last one year
* Repayment track record of previous loans, if any

Ø Income Proof:
For salaried :
salary slips of past 3 months form 16, 26 as and income tax returns of past 3
years.
for businessmen :
Income tax returns, profit and loss account and balance sheet of past 3 years.

* No pre-payment penalty.
* Rate of interest is applicable from time to time.
* Service charges are applicable from time to time.
* Margin is applicable from time to time.
* Housing loan for NRI also available.

v Vehicle Loan
Loan granted to third category to transport operator/ purchase of commercial
vehicle, truck tipper, taxi, auto rickshaw, private vehicles including two
wheeler.
The limit under this category of finance is restricted to 5% of NDTL of the
bank.
To purchase new four wheeler for personal use. to purchase second hand four
wheeler (up to 3 years old only) for personal use.

Ø Eligibility
1. For salaried persons:
● Employees of reputed and financially sound organisation.
● Minimum gross take home salary of INR. 15000/- pm and confirmed service
for atleast one year.
2. For businessmen & professionals :
● Business should have establishment of minimum of three years.

Ø Documents
1. Duly filled form with :
● Income proof of applicant(s) & guarantor(s)
● Residential proof of applicant(s) & guarantor(s)
● Original quotation / invoice from authorised dealer
● Pan card of applicant(s) & guarantor(s)
● KYC of applicant(s) & guarantor(s)

2. New/old vehicle to be purchased prime security is required

3. two acceptable guarantors
4. Other charges: one upfront EMI, franking charges, ROC & notary charges
etc.

Ø Share holding
1. Borrower & co-borrower : regular membership fees @2.5% of loan amount
(maxi.rs.15.00 lakh)
2. Guarantors : nominal membership
3. Nominal membership (for loan upto 1.00 lakh)

Ø Repayment
Maximum 40-60 months for two wheeler, and 84 months for private vehicle or
1. Till the retirement age if salaried whichever is earlier.
2. In case of old vehicle upto 3 years only, maximum repayment tenure upto 36
months.

Ø No Pre-Payment Penalty.
Rate of interest : is applicable from time to time.
Service charges : are applicable from time to time.
Margin : is applicable from time to time.
 v Education Loan

Ø Eligibility
● For Salaried Persons :
* employees of reputed and financially sound organization. minimum take
home salary of INR. 15,000/- per month and confirmed service for at least one
year.
● For Businessmen & Professionals :
* business should have establishment of minimum of three years.
● Co-Applicant :
* Parents of the student must be taken as co-applicant.

● Student's Eligibility
* Student should have secured admission to a higher education course in
recognised institution in india or abroad. Repayment
● Loan Limit : Is Maximum Upto Rs. 25.00 Lacs.
● Repayment Period : Upto/Maximum 7 Years Excluding Moratorium
● Moratorium Period : Duration Of Course +12 Months
● No Pre-Payment Penalty.
● Rate Of Interest : Is Applicable From Time To Time.
● Service Charges : Are Applicable From Time To Time.

Ø Documents
1. Duly Filled Form With :
I. Income Proof Of Applicant(S) & Guarantor(S)
Ii. Residential Proof Of Applicant(S) & Guarantor(S)
Iii. Course Details
Iv. Property Documents
V. Pan Card Of Applicant(S) & Guarantor(S)
Vi. KYC Of Applicant(S) & Guarantor(S)
2. Prime Security : Assignment Of future income receivables of student.
3. At Least One Guarantor And security holders to be also taken as guarantors
4. Other Charges : franking charges, legal charges,(cersai, filing mortgage,
insurance of property, valuation, sanction confirmation if applicable).

Margin On Loan Requirement

● Upto Rs.2.00 Lacs- 15%.
● Above Rs. 2.00 lacs- studies in india- 20% & studies in abroad- 25%.

Margin On Collateral Security

● 30% margin in case the security is an immovable property
● Nil margins, if the party offers fixed deposit as security.
 Ø Membership
● Regular membership for the applicant and for the co-applicant, 1% of
sanctioned amount, subject to minimum of Rs. 1000.00 & maximum of Rs.
2500.00

Sureties & Security : upto Rs. 2lakhs- parents to be joint borrower(s) and two
sureties with substantial net worth/income acceptable to the bank. no tangible
security.
Above Rs. 2.00 lakhs- parents to be joint borrower(s), one surety acceptable to
our bank, out of whom, one working with reputed firm/govt/semi govt concern
and collateral of tangible security covering loan amount/fixed deposits.

v Gold Loan against Ornaments

Ø Loan Limit
Maximum Upto Rs.10.00 Lacs

Ø Repayment
1. For gold loan upto 2.00 lacs
Maximum repayment period 12 months.
Interest to be serviced on monthly basis.
Gold loan above Rs.1.00 lakh is to be given to regular member of the bank
(Regular membership is for Rs.100)

Subject To Following Conditions

● Period of loan shall not exceed 12 months from the date of sanction.
● Interest will be charged to the account at monthly rests, but will become due
for payment along with principal only at the end of 12 months from the date of
sanction.

2. For gold loan above 2.00 lacs

Maximum repayment period 36 months.
EMI to be stipulated for repayment of loan amount making maximum
repayment period of 36 months from the date of disbursement.

Subject to following conditions

● No pre-payment penalty.
● Rate of interest is applicable from time to time.
● Service Charges are applicable from time to time.
● Margin is applicable from time to time.
 v Loan For Business
Our bank offers a variety of commercial loan products to meet our local
business owner's needs. We offer a wide range of repayment options.
Also Offers real estate loans to meet our local business owner's real estate
needs. We offer a wide range of repayment options.

v Personal Loan

Unsecured Loan
Ø Eligibility
1. For salaried persons:
● Employees of reputed and financially sound organisation.
● Minimum take home salary of INR. 15000/- pm and confirmed service for
atleast one year.

Ø Limit
Maximum exposure limit in respect of unsecured advances should not exceed
10% of total ntdl of the bank.
Limit for individual borrower & group is rs. 5.00 lacs as per RBI norms.

Ø Documents
Duly filled form with
● Income proof of applicant(s) & guarantor(s)
● Residential proof of applicant(s) & guarantor(s)
● Pan card of the applicant(s) & guarantor(s)
● KYC of applicant(s) & guarantor(s)

Ø Income Proof :
For salaried :
Salary slips of past 3 months, form 16, 26 as and income tax returns of past 3
years.
salary deduction letter from employer of reputed company.
For businessmen :
Income tax returns, profit and loss account and balance sheet of past 3 years.

Ø Repayment
Repayment- 40 to 60 months subject to confirmed salary deduction
(Government/Limited company)
 Ø No prime security.
Two acceptable guarantors having sufficient net worth/ reasonable monthly
income to be also taken as guarantors.
For housing repairs, renovations, medical expenses, marriage, ceremonial
expenses, repayment of debts, other reasons/ purposes acceptable to bank etc.

B. Secondary Functions of Banks :

The bank performs a number of secondary functions, also called as non-banking

functions.
These important secondary functions of banks are explained below.

1. Agency Functions:
The bank acts as an agent of its customers. The bank performs a number of
agency
functions which includes :-
a. Transfer of Funds
b. Collection of Cheques
c. Periodic Payments
d. PortfolioManagement
e. Periodic Collections
f. Other Agency Functions

a. Transfer of Funds:
The bank transfer funds from one branch to another or from one place to
another.

b. Collection of Cheques:
The bank collects the money of the cheques through clearing section of its
customers. The bank also collects money of the bills of exchange.

c. Periodic Payments:
On standing instructions of the client, the bank makes periodic payments in
respect of electricity bills, rent, etc.

d. Portfolio Management:
The bank also undertakes to purchase and sell the shares and debentures on
behalf of the clients and accordingly debits or credits the account. This facility
is called portfolio management.
e. Periodic Collections:
The bank collects salary, pension, dividend and such other periodic collections
on behalf of the client.

FEES AND 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.

6. Cash Counting 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

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.

10. Issue of solvency certificate

Upto Rs.1 lac 250.00

Rs. 1 lac upto 5 lacs 1000.00
Rs.5 lac upto 10 lacs 2000.00
Rs. 10 lac upto 25 lacs Rs.2500
Rs. 25 lac upto 50 lacs Rs.5000
Rs. 50 lac upto 1 Crore Rs.10000
Rs. 1 Crore & Above Rs.15000

11. Handling charges for cheque / Bills returned unpaid:

For Banks participating in Bombay Clearing Branches

a) Outward Return Clearing Upto Rs. 10,000/- 100.00

Above Rs. 10,000/- 100 + 1.5 per thousand or part thereof
b) Inward Return Clearing Ist Time per instrument: Rs. 300/- + Int. @
36% p.a.
2nd Time per instrument: Rs. 400/- + Int. @ 36% p.a.
3rd Time onwards per instrument: Rs. 500/- + Int. @ 36% p.a.
c) Inward ECS Return Debit Per entry 300.00

12. Handling charges for cheque / Bills returned unpaid (Non-Mumbai

Clearing Branches):

For Banks participating in Outstation Clearing / Counter Present

a) Outward Return Clearing Per cheque 105.00

b) Inward Return Clearing Per cheque 100 + interest @ 36% p.a.
c) OBC cheque returned unpaid Per cheque 105 + postage
13. Commission on Cash Deposits / Transfer for clearing Inward cheques
(after 12:00 noon)

@ 0.15% on short-fall of amount deposited.

14. Incidental Charges (Monthly)

Local Outstation
Saving Bank25.00 25.00
Current Account 55.00 55.00

15. Loan Commission

Per Rs.100/- 0.60

16. Loan Processing Charges

Per Rs.100/- 0.5% + Taxes
Maximum 33,700.00

17. Maintenance of Minimum Balance

Local Outstation
Easy Saving 25.00 25.00
Saving Bank Deposits
a) Without Cheque Book Facility 500.00 100.00
b) With Cheque Book Facility 500.00 100.00
Current Account Monthly 2000.00 500.00

18. Closure of Accounts

Particulars Within 6 months After 6 months
Easy Saving 50.00 25.00
Saving Bank Deposits 100.00 50.00
Current Deposit 250.00 125.00

19. Other Miscellaneous Services :

A. Revalidation of DD/PO (Upto 1 year from the date of issue) 30.00

B. Cancellation of DD/PO 25.00
C. Issue of Duplicate DD/PO 30.00
D. Duplicate Deposit Receipt 30.00
E. Signature Verification/Photo attestation 15.00
F. Stop Payment 30.00
G.Change of Authorised Signatory including reconstruction 25.00
H. Issue of Duplicate Passbook/Statement
i. With latest balance 15.00
ii. For previous entries per page 20.00
I. No dues Certificate 25.00
J. Balance Certificate 25.00
K. Interest Certificate 25.00
L. Draft Purchases 0.30% of amount per day
M. Commission Against Payment 0.27% of amount per day basis
Minimum Rs. 25.00
N. Clearing Cheque in Accomodation Rs. 150/- per instrument + Interest @
24% p.a.

20. Issue of NOC (In case of outstation branches)

Rs. 50 (Except for Govt. Scheme Loan).

21. Charges on NEFT

Upto Rs.10,000/- Rs. 3/-
Rs.10,001/- to Rs.1,00,000/- Rs. 6/-
Rs.1,00,001/- to Rs.2,00,000/- Rs.17/-
Rs.2,00,001/- & above Rs.28/-

22. Charges on RTGS

Rs.2,00,000/- to Rs.5,00,000/- Rs. 28/-
Rs.5,00,001/- & above Rs. 57/-