Bank Charges

Revised  Rates of Bank’s Charges / Commissions / Fees / Locker Charges etc. (inclusive of GST) with effect from 07.08.2023

Pursuant  to the decision taken in the BOD meeting dated 22.03.2023 regarding revision of Bank Charge / Commission / Fees / Locker Charges etc (inclusive of GST) , it is hereby informed to all concerned that the changed rates will take effect from 07.08.2023.

 

1 Nature  / Type of Service Particulars Bank Charge to be collected per instrument Procedure for  Collection of Charges
Collection of Cheque / Demand Draft Process of Collection
Collection of Demand Draft / Cheque (including Treasury Cheques & Bills / D.W.) Collection through CTS Clearing and of any amount NIL N/A (Not Applicable)
Collection of Demand Draft / Cheque (including Treasury Cheques & Bills / D.W.) Collection by physical presentation to the concerned Bank Branch (*** for Cheque / Draft of Rs.100.00 or below, rate will be Rs.12.00 ) Rs.59.00 To be Collected Manually at Branch at Branch Office
Collection of third party Cheques (upto Rs.50000) of PACS (affiliated to the Bank) mobilizing deposits and for its depositors If Collection through CTS Clearing NIL N/A
If by Physical Presentation Rs.30.00 Manually at Branch
2 Return of Cheque / Bill by the Bank to the Collecting Bank or to the party for insufficient fund or otherwise, except for any technical reason Per Instrument  & Per Occasion Rs.300.00 To be Collected by CBS System
3 Issue of Duplicate Pass Book for SB or CD Account

 

Exemption: ARDBs / CCBs / UCBs / PCBs / Govt A/cs / Panchayet A/cs / affiliated societies

Duplicate Pass Book with last 3 months transaction entry Rs.118.00 By System
For more than last 3 months transaction, for each earlier quarter Rs.30.00 Manually at Branch
4 Statement of Accounts for SB or CD

Exemption: ARDBs / CCBs / UCBs / PCBs / Govt A/cs / Panchayet A/cs / affiliated societies

Statement of SB / CD  for preceding three month Rs.118.00 Manually at Branch
and for each earlier quarters Rs.30.00 Manually at Branch
5 Duplicate Term Deposit Receipts Per Receipt Per Occasion Rs.118.00 Manually at Branch
6 Stop Payment Instruction on SB or CD Per Stop Payment instruction for each instrument Rs.118.00 By System
7 Addition  or Deletion of Name or Names in any account (Except in case of Deceased Account)  

Per Account  per case

Rs.118.00 By System
8 Closure of CD and SB Account (beyond 6 months of opening of the account)

Exemption::  No Frill A/c

Current Account Rs.590.00 By System
Savings (with Chq or without Chq) Account NIL N/A
9 Closure of CD and SB Account (within 6 months of opening of the account)

Exemption:: No Frill A/c

Current Account Rs.590.00 By System
Savings (with Chq or without Chq) Account Rs.118.00 By System
10 Premature Closure of Term Deposit  for reinvestment  with the Bank for a period longer than the remaining period of the original contract. Upto Rs.50000.00 (per Account) Rs.118.00 Manually at Branch
Above Rs.50000.00 (Per Account) Rs.236.00 Manually at Branch
N.B. In case of PACS / FSCS / LAMPS mobilizing deposits, 50% of the said charge be levied.
11 Charges for Inoperative S.B Accounts

Exemption:: No Frill A/cs

Per Account Per Year

(If  the balance is Rs.100.00 or less entire balance is to be deducted as levy)

Rs.118.00 By System
12 Conversion of Inoperative Account to Operative Account Per Account Rs.118.00 By System
13 Issue of Banker’s Cheque by any Branch of the Bank / Head Office.

(No charge will be levied for issuance of draft / banker’s cheque on account of disbursement of any loan issued by the Bank except of Demand Draft, if any)

 

 

 

 

 

 

 

 

Continuation of Sl no. 13

Upto Rs.1000.00 Rs.59.00 Charges to be Collected Manually at Branch by the concerned Branch
Rs.1001.00    to Rs.5000.00 Rs.118.00
Rs.5001.00    to   Rs.10000.00 Rs.177.00
 

 

Rs.10001.00  to Rs.100000.00

Rs.3.54 per thousand or part thereof subject to minimum of Rs.177.00
 

Rs.100001.00   to   Rs.1000000.00

Rs.2.95 per thousand or part thereof subject to minimum of Rs.354.00
 

 

 

Above Rs.1000000.00

Rs.2.36 per thousand or part thereof subject to minimum of Rs.2950.00 and maximum of Rs.11800.00
14 Cash Handling Charge for issuance of Demand Draft / Banker’s Cheque Upto Rs.10000.00 NIL N/A
Rs.10001.00 to Rs.25000.00 Rs.118.00 Manually at Branch
Rs.25001.00 to Rs.50000.00 Rs.236.00 Manually at Branch
15 Demand Draft / Banker’s Cheque

Cancellation / Revalidation/ Issue of Duplicate

Per Instrument Rs.118.00 Manually at Branch
16 Remittance within Branches / HO

 

Remittance from one branch or HO to another branch or HO of the Bank

Transfer of Accounts

or

Transfer of Funds

NIL N/A
17 Incidental Charges for Current Deposit per annum Current Deposits of affiliated societies and SHGs and Govt A/cs Rs.118.00 By System
Current Deposits of others than above Rs.236.00 By System
18 Charges for Cheque Book

 

 

 

N.B. As the printing  cost of Cheque Books  is part and percel of the cost of forms, such amount that would be recovered from the concerned  depositors be credited in H.O. A/C – “Cost of Forms” and passed on to HO for necessary adjustment.

Personalised Cheque Book for SB (other than salary accounts) and CD a/cs of Individuals and Cash Credit a/cs

(First Cheque Book of 25 leaves are free. The system deducted charge for 1st and only for 1st book to be refunded to customer by the Branch Office Manually at Branch)

Rs.90.00 for Cheque Book of 25 Leaves. By System
Personalised Cheque Book for SB and CD a/cs of affiliated Societies and Educational Institutions.

(First Cheque Book of 25 leaves are free. The system deducted charge for 1st and only for 1st book to be refunded to customer by the Branch Office Manually at Branch)

Rs.60.00 for Cheque Book of 25 Leaves. By System
Personalised Cheque Book for Salary A/c holders, Staff, Ex-Staff, and SB(KCC) A/c holders

(First Cheque Book of 25 leaves are free. The system deducted charge for 1st and only for 1st book to be refunded to customer by the Branch Office Manually at Branch)

 

Rs.30.00 for Cheque Book of 25 Leaves. By System
19 Charge for Issuing CALL Deposit  Receipt Upto Rs. 10000.00 Rs.177.00 Manually at Branch
Above Rs.10000.00 Rs.236.00 Manually at Branch
20 Charges for failure of Standing Instructions due to Insufficient Balance in source deposit account

Per Month, Per Case

For Deposit to Loan Account  of our bank . Rs.236.00 System
For Deposit to Deposit Account of our bank NIL N/A
21 Issuance of “No Dues” / “No Liabilities” / “No Objection Certificate” For members of affiliated ECCS, for submission to their DDO NIL N/A
In All Other Cases Rs.236.00 Manually at Branch
22 Bank Guarantee Fee Per Case @2.36% of the amount of the Bank Guarantee Per annum Manually at Branch
23 Annual Charges for Debit Card Per Debit Card per annum Rs.177.00 Manually at Branch
24 Charges for issuing Duplicate Debit Card Per Debit Card, Per Occasion Rs.160.00 Manually at Branch
25 Charges for issuing Duplicate PIN for Debit Card Per Debit Card, Per Occasion Rs.80.00 Manually at Branch
26 SMS Alert Charges (Quarterly) Per Quarter Rs.19.00 System
27 ACH Debit Return Charge Per Occasion Rs.236.00 Manually at Branch
28 ACH Debit Mandate Acceptance Charge Per Occasion Rs.118.00 Manually at Branch
29 Maintenance of Average Monthly Balance (AMB) and Charges for Non-Maintenance of Average Monthly Balance (AMB) Type of Account AMB to be maintained Charge for not maintaining AMB Charges for not maintaining Average Monthly Balance  to be deducted by the System
CD (Ind) Rs.150000.00 Rs.295.00
CD(Soc) Rs.90000.00 Rs.295.00
SB(Ind) NCHQ Rs.30000.00 Rs.118.00
SB(Ind) CHQ Rs.45000.00 Rs.118.00
SB(Ind) No Frill / Staff & Ex Staff Rs.00000.00 Rs.000.00
SB(Socs) NCHQ & CHQ both Rs.90000.00 Rs.118.00
SB(SHG/SGSY) Rs.30000.00 Rs.118.00
30 Charges for Cancellation / Change of Nomination in any type of Deposit Accounts Per Account Per Occasion Rs.118.00 Manually at Branch
31 Cash Handling Charges Deposit Withdrawal
Savings Bank (Individual) Accounts Based on Transaction Based on Transaction
8 Transactions per month Free 8 Transactions per month Free
Above 8 Transactions  in a month Rs.25.00 per Transaction to be collected Manually at Branch Above 8 Transactions  in a month Rs.25.00 per Transaction to be collected Manually at Branch
32 Non-Home Withdrawal / Deposit Charge and Maximum Limit
Non-Home Cash Deposit / Withdrawal will be allowed upto: For Public General & Staff / Ex-Staff Max. Rs.1.00 Lakh / Day
For Society (Affiliated to the Bank) Max Rs.2.00 Lakh / Day
Charges for Non-Home Cash Deposit and Cash Withdrawal to be Deducted by the System Public – Individual (Other than No- Frill A/c / BSBD A/c / Salary A/c) Slabs Charges
Upto Rs.10000.00 NIL
Above Rs.10000.00 to Rs.25000.00 Rs.30.00
Above Rs.25000.00 to Rs.50000.00 Rs.56.00
Above Rs.50000.00 to Rs.100000.00 Rs.115.00
Public-Individual (No-Frill A/c / BSBD A/c / Salary A/c) Upto Rs.50000.00 NIL
Above Rs.50000.00 to Rs.100000.00 Rs.115.00
Society (Affiliated to Bank) Upto Rs.100000.00 NIL
Above Rs.100000.00 to Rs.200000= Rs.225.00
Staff / Ex-Staff A/c Maximum Rs.100000.00 per day NIL
Non Home Branch cash withdrawal shall be allowed only to the account holder appeared personally with cheque and if the a/c is fully KYC compliant. No Non-Home cash withdrawal by withdrawal slip and bearer cheque will be allowed.

Non – Home transactions must be marked as “Non-Home A/c, ______________ Branch” on the top of the cheque.

Any amount in cash can be deposited in any loan account of any non-home branch without any charge.  But the closure of  non-home branch loan account not to be done.

 

 

 

 

 

 

33 NEFT / RTGS CHARGES
RTGS Charges   (Outward) Transaction Value Service Charge Charges for NEFT/ RTGS to be collected by the Branch Office Manually at Branch
Rs. 2 Lakh to Rs. 5 Lakh Rs.28.00
Above Rs. 5 Lakh Rs.57.00
NEFT Charges   (Outward) Upto Rs. 10000/- Rs. 3.00
Above Rs.10000/- & upto Rs.100000/- Rs.6.00
Above Rs.100000/- & upto Rs.199999/- Rs.17.00
Inward Transaction  (RTGS / NEFT ) :- Free, No charges to be levied.
Outward RTGS / NEFT  charges for Staff / Ex-Staff :- Free, No charges to be levied.
Outward NEFT / RTGS be allowed from any branches only if the account has cheque facility and KYC compliant.
34 Minimum Balance in Security Deposit, Rent and other Charges to be maintained for Locker Facility
As Security Deposit,

Rs.30000.00 for Small Size

Rs.40000.00 for Medium Size and

Rs.50000.00 for Big Size Lockers have to be taken from the customer and to be retained in his locker linked SB Account. The amount will be under hold.

 

***** Change in Rent will be effective from 01.10.2023 for old customers  and they have to be communicated for this purpose.

Rent of Locker per annum (To be collected in advance on quarterly  basis by way of Standing Instructions from Locker linked SB Account ) Charges
For Small Size Rs.1000.00 / Yr

Or

Rs.295.00/ Qr

For Locker visit :

12 Free visit  in a Financial Year thereafter Rs.200.00 per visit.

 

For Medium Size Rs.1652.00 / Yr

Or

Rs.413.00/ Qr

For Loss of Key of Locker:

Rs.2000.00 plus break open charge

For Large Size Rs.2360.00 / Yr

Or

Rs.590.00/Qr

35 Gold Loan Valuation Charge
Quantum of Loan Fees to be paid to Appraiser (through A/c) Fees to be paid to Deed Writer (through A/c) Total Fees to be paid by the borrower
For Loan upto Rs.10000.00 Rs.125.00 Rs.50.00 Rs.175.00
For loan from Rs.10001.00 to Rs.50000.00 Rs.175.00 Rs.50.00 Rs.225.00
For loan from Rs.50001.00 to Rs.100000.00 Rs.250.00 Rs.50.00 Rs.300.00
For loan from Rs.100001.00 to Rs.200000.00 Rs.300.00 Rs.50.00 Rs.350.00
36 Fees for writing Karbarnama by the Deed Writer Per Set (3 Copy of Karbarnama) Rs.100.00
37 Service Charges for various  type of House Building  Loans
Service Charge  for HB Loan in case of construction of  new building , additional construction of  existing building and construction of building including purchase of land. Per Case @0.60% of loan amount subject to minimum of Rs.3000.00 and  maximum of Rs.5000.00
Service Charge for HB Loan in case of Takeover, Additional HB Loan and Purchase of Ready Built House / Flat Per Case @Rs.125.00 per Lakh valuation. The service charge to be rounded off to next higher Rs.100.00

In addition to this another Rs.1500.00 to be collected from the borrower irrespective of any loan amount as additional service charge for inspection of the spot by the Bank.

Service Charge for HB  Loan in case of HB Renovation Loan Per Case Rs.2500.00 irrespective of loan amount.
Service Charge for HB Loan in case of Rural Housing  through PACS Per Case Rs.500.00 irrespective of loan amount.
Service Charge for getting benefit  of reduced rate of interest for HB Loan, wherever applicable. Per Case Rs.1200.00 for loan outstanding upto Rs.5.00 Lakh and Rs.2500.00 for outstanding of above Rs.5.00 Lakh.
CERSAI Registration Charge Per Case Rs.1000.00 for any HB Loan Case
In case the proposed house or ready built house or flat is in outside area of operation of the Bank then vehicle hire charge for both side journey from Bank HO, maximum Rs.5000.00 is to be borne by the borrower.
The professional fees  of the consultant engineer for the said services be paid in separate head of account ‘Professional / Consultant Fees’ by the concerned branch  of the  bank  having proper receipt from him / her.

 

Other Terms and Conditions :-

  1. In case of collection of cheque whether it may be specially crossed or not issued for realization of loan – no Bank charge including postage cost will be levied.
  2. In respect of Current Deposit A/cs and S.B. Accounts of Gram Panchayet / Panchayet Samity / BDO / Village Education Committee (VEC) of SSK / Other Govt. Institutions no Bank charge be levied for collection of their cheques / Bills and issuance of cheque books.
  • In case of Fund Transfer of The Midnapore Co-operative Milk Producers Union Ltd from one  Branch to another  Branch of the Bank and subsequently for credit the said fund to the A/c of the respective MPCS Ltd no Bank Charge  be levied for such services.
  1. No Banker’s cheque for Rs.50000/- (Rupees fifty thousand) only or above will be issued against cash deposit as per directives of RBI. In case of issuance of Banker’s Cheque below Rs.50000/- against cash deposit identification of the concerned purchaser of the Banker’s cheque must have to be ensured.
  2. In case of only existing employees  of the Bank no Bank charge for collection of cheques and bills / purchase of Banker’s cheque be received but the actual Bank charge paid to any other bank, if any, will be recovered. The facility will be given to the Employees  Union also. The retired employee  will get such facility from the Bank only for encashment of their retirement benefit.
  3. In respect of salary account of  Junior High School / High School / Higher Secondary School / Madrasah / College maintained under the head of CD with the Bank no incidental charge mentioned  in Sl no. 17 be levied.
  • No Bank charge / commission be levied for collection of cheques on Salary account of Junior High School / High School / Higher Secondary School / Madrasah / College maintained under the head of CD  A/c  with the Bank.
  • No Bank charge / commission be levied from the PACS for transfer of its fund for implementation of the Govt Project in its infrastructure development.
  1. All Bank charges and commissions are to be rounded off to the next higher rupee.
  2. In case of issuance of Notice to the defaulting borrowers, the recovered postage cost shall be  credited  in the head of postage cost as per earlier order of HO issued under  memo no. 6253(38) dated 12.03.2009.