Service Charges
Service Charges
REVISED SCHEDULE OF SERVICE CHARGE OF THE WEST BENGAL STATE CO-OPERATIVE
BANK LTD. WITH EFFECT FROM 01/04/2024
A: DEPOSIT AND OTHER LIABILITY RELATED SERVICES
Sl. No. | Type of Service | Current Service Charge on and from 01-06-2024 (GST will be applicable additionally) | ||||
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1 | 2 | 3 | ||||
1. | Issuance of Manager's cheque/pay order | Minimum-Rs. 25/- | Rs. 5/- per Thousand plus GST as applicable | |||
2. | Issue of Bankers' cheque/DD on KMB | Rs. 5/- per Thousand plus GST as applicable | ||||
3. | Issue of duplicate managers' cheque/pay order/draft/Bankers' cheque/DD on KMB | Rs. 200/-Plus GST as applicable. | ||||
4. | Issue of duplicate Bankers' cheque/draft on other Bank | Rs. 200/- plus GST as applicable. Plus charge of concerned Bank if any and service tax thereon | ||||
5. | Cancellation/Revalidation of Drafts/Manager's cheque | Rs. 200/- plus GST as applicable plus charge of concerned Bank if any and service tax thereon | ||||
6. | Collection of outstation DD/Cheque DW etc. (plus postage + out of pocket expense) | No Charge | ||||
7. | Collection of Bills | Rs. 200/- plus GST as applicable plus actual postage and courier per all cases. | ||||
8. | (i) Handling charges for cheque/bills returned unpaid local charges/bills (ii) Handling charges for cheque/bills returned | Rs. 200/- plus GST as applicable | ||||
9. | Issue of duplicate pass book/statement of A/C / term deposit receipt copy | Rs. 50/- plus GST as applicable (For each 10 pages). | ||||
10. | Stop payment instruction | Rs. 35/- per Instruments plus GST as applicable | ||||
11. | Additional/deletion of name | Rs. 100/- plus GST as applicable per case except in case of deletion of name of deceased depositor. And except in case of addition/deletion of name in Society and Association Account. | ||||
12. | Attestation/verification of customer's signature/issue of no dues certificate/certificate of maintenance of A/c with Bank/issue of balance certificate | Rs. 200/-plus GST as applicable for every Individual | ||||
13. | Changes in A/c operational instruction | Rs.200/-plus GST as applicable per case except in case of society and association account. | ||||
14. | Loss of token | Rs. 200/- per token (separate token stock register will have to be maintained). | ||||
15. | Postage and telecommunication | Actual charges incurred | ||||
16. | Tariff | Actual charges incurred | ||||
17. | Closure of CD Account within one year. | Rs. 500/-plus GST as applicable | ||||
18. | Closure of SB Account within one year. | Rs.200/-plus GST as applicable | ||||
19. | Closure of RD within 3 months from the date of opening ( In case of Deceased , No charge for Closure in any A/c. ) | Rs. 200/- plus GST as applicable | ||||
20. | Minimum Balance fall in Current Account | Rs. 500/- Plus GST as applicable | ||||
21. | Minimum Balance fall in SOPAN Account | Rs. 500/- Plus GST as applicable | ||||
22. | Minimum Balance fall in Savings A/c with & without cheque | Rs. 200/- Plus GST as applicable | ||||
23. | Minimum Average Monthly balance for Savings A/c with Cheque | Rs. 750/- plus GST as applicable. (Exemption in case of in-service staff account, Minors upto the age group of 18 & BSBD Accounts). | ||||
24. | Minimum Average Monthly balance in Savings A/c without Cheque | Rs. 500/- plus GST as applicable (Exemption in case of in-service staff account, Minors upto the age group of 18 & BSBD Accounts). | ||||
25. | Minimum Average Monthly balance in Current A/c | Rs. 5000/- plus GST as applicable | ||||
26. | Incidental Charge | No Charges | ||||
27. | For Message Charge from Bank's FAX Machine relating to customers' A/c | No Charges | ||||
28. | Courier Charges relating to Customers' Account | Actual charges | ||||
29. | Return of clearing cheque/ECS | Rs. 225/-Per Instrument plus GST as applicable. If returned more than three times within one month on same account additional charges of Rs. 225/- per instrument (charges will be recovered from the drawer) | ||||
30. | Withdrawals in SB A/c both cheque and without cheque facility exceeding maximum stipulated as per Bank's SB A/c. rules | May be allowed as an extreme emergency (such as Medical, Death, educational, marriage & others unavoidable Circumstances) | ||||
31. | MICR cheque leaf charge for SB/CD/CC/OD Account | For SB Account Rs. 4/- plus GST per cheque leaf provided that one cheque book of 25 leaves each will be issued free in a financial year. For CD/CC/OD Account Rs. 3/- per cheque leaf provided that one cheque book of 25 leaves each will be issued free in a financial year. | ||||
32. | Non-MICR cheque leaf charges | NIL | ||||
33. | Fund Transfer | NIL | ||||
34. | Standing Instruction | Rs.50/- for first SI. as one time fees and Rs.250/- for failure plus GST as applicable. In case of RD, no charges will be applicable. (Note: Rs. 10/- per customer per month from crediting/debiting as per list submitted by the Society/LICI/any such type of institution.) | ||||
35. | Sub-membership for clearing service rendered | Rs. 6/- plus GST as applicable per instrument both for outward & inward clearing. | ||||
36. | Allowing account operation through Power of Attorney/Mandate | Rs.600/- for Individual and Rs.1200/- for Non-Individual plus GST as applicable | ||||
37. | Charges for supply copies of documents (relating to old record) | Rs. 125/- plus GST as applicable per item | ||||
Rs. 200/- plus GST for 2yr and beyond that Rs. 200/- (plus GST as applicable) per year. | ||||||
38. | Legal opinion in case of complicated claims on death/insolvency/insanity of depositors & other matters of banking operations requiring legal opinion as may be necessary by the Bank. | Actual charge incurred by the Bank to be realized from the applicant/claimant/depositor. | ||||
39. | For Cash Deposit / Withdrawn to / from Non-home Branches except loan repayment.(except Loan Disbursement/ Repayment) | Rs.70/- per thousand plus GST as applicable. Subject to minimum Rs.25/- plus GST as applicable .(Free for any technical fault at home Branch) | ||||
40. | Cash handling charges | No Charges Up to 60 Lacs in a year. | ||||
Above 60 Lac- | ||||||
Rs.60/- per thousand for home Branch plus GST as applicable | ||||||
No Cash Handling Charges for non home branches. Only Cash Deposit Cost of Non home Branch will be realised. | ||||||
Charges will be collected Monthly basis in round figure | ||||||
41. | SMS Alert charges per quarter | Rs.20/- plus GST as applicable | ||||
42. | Charges towards CSGL A/c Holder | Rs.590/- plus GST as applicable for each Buy/Sell | ||||
Rs.118/- Plus GST as applicable for adjustment of Maturity proceeds/Periodical Interest adjustment for each transaction. |
B: LOANS & ADVANCE RELATED SERVICES
Sl. No. | Type of Service | Revision of charges with effect from 1st June, 2017 (Including GST) |
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1 | 2 | 3 | ||||
1. | Cheque/bill purchase | For local upto Rs.1000/- | Rs.30/- | |||
Above Rs.1000/- to Rs.2500/- | Rs.40/- | |||||
Above Rs.2500/- to Rs.5000/- | Rs.60/- | |||||
Above Rs.5000/- to Rs.10000/- | Rs.375/- | |||||
Above Rs.10000/- | Rs.5.50 p.t. | |||||
Minimum-Rs.75/- Maximum-Rs.7500/- |
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2. | Inspection charge for fresh/existing loans and advances except farm/farm allied/BSKP/Weavers Loan/Consortium Advance/Staff Loan/Demand Loan/MT ECCS | i) Upto Rs.2 Lac | Nil | |||
ii) Above Rs.2 Lac upto Rs.10 Lac | Rs.575/- | |||||
iii) Above Rs.10 Lac upto Rs.25 Lac | Rs.920/- | |||||
iii) Above Rs.25 Lac upto Rs.50 Lac | Rs. 1725/- | |||||
iv) Above Rs.50 Lac upto Rs.1 crore | Rs.4025/- | |||||
v) Above Rs. 1 crore | Rs.4600/- | |||||
In case actual inspection charge is more than the above limits, the actual charges will be realized. | ||||||
3. | Annual supervision charge/renewal charge for CC/CD/Term Loan except Farm/Farm Allied/BSKP/Weavers Loan/Consortium Advance/Staff Loan/Demand Loan/MT ECCS Loan | Upto Rs.50,000/- | Nil | |||
Above Rs.50000/- upto Rs.1 Lac | Rs.230/- | |||||
Above Rs.1 Lac upto Rs.10 Lac |
above Rs.1 Lac to Rs. 5 Lac - Rs.575/-above Rs. 5 Lac to Rs.10 Lac - Rs.775/- |
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Above Rs.10 Lac upto Rs.50 Lac | above Rs.10 Lac to Rs.25 Lac - Rs.2070/- above Rs.25 Lac to Rs. 50Lac - Rs.3450/- | |||||
Above Rs.50 Lac upto Rs.100 Lac | Rs.4600/- | |||||
Above Rs.100 Lac upto Rs.500 Lac | Rs.6900/- | |||||
Above Rs.500 Lac upto Rs.1000 Lac | Rs.9200/- | |||||
Above Rs.1000 Lac upto Rs.2000 Lac | Rs.10350/- | |||||
Above Rs.2000 Lac | Rs.11000/- | |||||
4. | Loan proposal processing fees except farm & farm allied/BSKP/Weavers/ECCS/Staff Loan/Demand Loan/other priority sector/agricultural sector/MT ECCS | Working capital limit upto Rs.25000/-
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Nil | |||
Above Rs.25000/- upto Rs.2 Lac
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Rs.500/- | |||||
Above Rs.2 Lac
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Rs. 350/- per Lac subject to maximum limit of 50000/-( this may be applicable for Term Loan also)
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This charge is applicable only if the rate of processing fee/exemption of processing is not mentioned on the sanctioned letter.
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5. | Home loan processing fee | 0.575% Minimum-Rs.1500/- Maximum Rs. 10000/- |
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6. | Commitment charge | Above Rs.10 Crores and mentioned in LoS | ||||
7. | Operation charge for pledge go down | Rs.65/- for each block of 10 transactions (Beyond 50 transactions) or part thereof. | ||||
8. | Incidental charges in CC/OD account (half yearly)
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Computer branch Rs.60/- per compute sheet or part thereof non-computer branch Rs.50/- per ledger folio or part thereof. Subject to free folio given below for CC/OD A/c.
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Average debit balance
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No. of free folio
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i) Upto Rs.25000/-
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Nil
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ii) Above Rs.25000/- upto Rs.50000/-
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3
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iii) Above Rs.50000/- to Rs.1 Lac
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5
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iv) Above Rs.1 Lac
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Full Free | |||||
40 entries in computerized branch will be treated as one folio. | ||||||
9. | Issue of Bank Guarantee | Rs.115/- + 0.30% per quarter in case 100% margin Minmum for two Quarter in other cases 0.75%per plus Rs.115/-. | ||||
10. | Letter of credit | At 0.30% and amendment Charge-Rs. 225/- flat. | ||||
11. | Charges for equitable mortgage | upto - Rs.25000 | Nil | |||
above Rs.25000 - Rs.50000 | Rs.100/- | |||||
above Rs.50000 - Rs.200000 | Rs.500/- | |||||
above Rs.200000 - Rs.50000 | Rs.1000/- | |||||
above Rs.50000 - Rs.2000000 | Rs.1200/- | |||||
above Rs.2000000 - Rs.10000000 | Rs.2500/- | |||||
above Rs.10000000- Rs. 5000000 | Rs.3000/- | |||||
above 5 crores | Rs.10000/- | |||||
12. | Legal/expert consultancy opinion charge in case of preparing deeds/documents/agreements etc. for big project & other loan | Actual charges incurred by the Bank to be realized from the applicant/claimant/depositor. | ||||
13. | Personal Loan | 1.15% | ||||
14. | Consumer Durable Loan | 1.15% | ||||
15. | Non- Commercial Car Loan | 1.15% | ||||
16. | CIBIL Charges | Consumer CIR | Rs.33/- | |||
Commercial CIR in case of Company /Partnership/ Others. | Rs.700/- | |||||
17. | Documentation Charges | upto - Rs.25000 | Nil | |||
above Rs.25000 - Rs.50000 | Rs.100/- | |||||
above Rs.50000 - Rs.200000 | Rs.500/- | |||||
above Rs.200000 - Rs.50000 | Rs.1000/- | |||||
above Rs.50000 - Rs.2000000 | Rs.1200/- | |||||
above Rs.2000000 - Rs.10000000 | Rs.2500/- | |||||
above Rs.10000000- Rs. 5000000 | Rs.3000/- | |||||
above 5 crores | Rs.10000/- | |||||
18. | Bankers Solvancy certificate | Upto Rs.1 Lac | Rs.750/- | |||
> Rs.1Lac upto Rs.10Lac | Rs.1500/- | |||||
> Rs.10Lac to Rs.25Lac | Rs.2500/- | |||||
> Rs.25Lac upto Rs.50Lac | Rs.5000/- | |||||
> Rs.50Lac | Rs.10000/- | |||||
19. | No dues certificate | PrioritySector | Rs.10/- per certificate | |||
NonPriority sector | Rs.15/- per certificate | |||||
20. | Loan against own Deposit NSC/ KVP/ LIP | No charge except Actual charge required for creating with post office and charges for assignment and reassignment |
C: SERVICE CHARGE FOR AVAILING ATM FACILITY
Name of the items | Revised Service Charges for using ATM Card per annum (excluding GST) on & from 01-06-2024 |
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Annual Fee from 2nd Year (waived for 1st Year) | Rs. 125/- |
Card Replacement Charges (With PIN) | Rs. 100/- |
For Duplicate PIN | Rs.50/- |
Transaction Charges for using Bank's own ATM | Nil |
Transaction Charges for using other Bank's own ATM (Beyond 5 transaction) [PIN Change is not a transaction] |
Rs. 20/- (Financial) Rs. 10/-(Non-financial) |
D: IMPS Outward Transaction Charges for Mobile/Internet/Branch Banking
Slab | Changes in Mobile/Internet Banking | Changes from Branch for IMPS |
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Upto 1000/- | No Charges | Rs. 20/- plus GST per transaction |
1001/- to 10000/- | No Charges | Rs. 20/- plus GST per transaction |
10001/- to 20000/- | No Charges | Rs. 20/- plus GST per transaction |
20001/- to 50000/- | No Charges | Rs. 20/- plus GST per transaction |
* MAXIMUM CEILING OF TRANSACTION AMOUNT IN IMPS IS RS. 50000/- PER DAY
** NO GST will be refunded if applied.