Pune People’s Co-op Bank Ltd., Pune

(Multistate bank)

MANUAL ON SERVICE CHARGES

With effect from

1st April 2018

Charges Effective from 01.04.2018

1.  Minimum Amount Balance for  A/C Opening

Sr. No Description Minimum
Balance (Rates)
Minimum
Balance to
be maintained
in account

1

Current A/c ( Individual )

Rs. 2500

Rs. 2500

2

Current A/c  (Partnership Firm)

Rs. 5500

Rs. 5000

3

Current A/c  (Companies )

Rs.10500

Rs. 10000

4

Saving A/c (Without Cheque book)

Rs. 500

Rs. 500

4

Saving A/c (With Cheque Book / ECS instructions and Debit Card)

Rs. 1000

Rs. 1000

5

Saving A/c (Demat Linked)

discontinue

discontinue

6

Recurring

Rs. 100

NA

7

Ashirwad Saving A/c

Rs. 100

NA

8

Salary Account

Rs. 0

NA

2. Minimum Balance Charges (If minimum balance is not maintained)

Sr.No.  Description   Charges
1 Current A/c   Rs. 50 per transaction  
2 Saving  Rs. 10 per transaction  


3. Inoperative /Dormant A/c (Incidental Charges)

Sr.No. Description Charges       
1 Current A/c  Rs. 100 (Quarterly)
2 Saving A/c   Rs. 50 (Quarterly)

4. Cheque Book Issue Charges

Sr.No.

Description

Charges

Cheque Book Charges

1

Saving -

Rs. 2 per cheque leaf

2

CA/CC –

Rs. 2 per cheque leaf

3

PDC for Financial Institutions*

Rs. 15 per cheque leaf

5. Stop Payment Charges (All a/cs with cheque book facilities)

Sr.No.

Description

Charges

1

Cheque

Rs. 100 per cheque leaf

2

Debit ECS

Rs. 150 per ECS

6. Ledger Folio Charges (Quarterly)

Sr.No.

Description

Charges

1

Saving

NIL

2

CA

Rs. 50 per page (Page=60 Entries)

3

Free Pages if Balance in account –(Quarterly Average)

> Rs. 50000  NIL

 

 

above Rs. 50000  All free

7. Cheque/ECS Return Charges

Sr.No.

Description

Charges

 Details

Inward

Outward

Saving A/c and ECS

Rs. 50

Rs. 50

Current A/c and ECS

Rs. 300

Rs. 100

Cash Credit

Rs. 300

Rs. 100

No any charges taken from customer for return of cheque due to technical reason.


8. Duplicate Pass Book / Statement/Certificate

Sr.No.  Description  Charges 
1 Savings & Recurring (Current Financial Year)   Rs. 10  per computer page
2 Savings & Recurring (Previous Year/s)  Rs. 25  per computer page
3 Current / Cash Credit(Current Financial Year)   Rs. 25  per computer page
4 Current / Cash Credit (Previous Financial Years)   Rs. 25  per computer page
5 Share Certificate  Rs. 50 per share certificate of Rs.100 and for  Rs. 100 above 2% of share certificate and maximum amount is not more than  Rs.1000 -As per Byelaw
6 Cheque transaction Image/information  Rs.100 BELOW Rs. 50,000
 Rs. 200 ABOVE Rs. 50,000 
7 Deposit Receipt   NIL

9. Charges for Closure of A/c before 12 Months

Sr.No.

Description

Charges

1

Savings & Recurring ( No charges for closure of 

RD account after 1 year)

Within 3 month            Rs.200         before 12 months         Rs.150 

After 1 year No Charges        

2

Current

Within 3 month            Rs.500         before 12 months         Rs.300    

After 1 year No Charges              

3

FD ( Within 15 Days – From Date of Opening 

(except Auto Renewal)

NIL

10. In Case of Token Lost

Sr.No.

Description

Charges

1

Lost Token

Rs. 300 Per Token

11. Signature Verification

Sr.No.

Description

Charges

1

Signature Verification

Rs. 150 Per Verification

12. Loan, Nominal Member, Share Application Form Fee

Sr.No.

Description

Charges

1

Loan Application Form Fee

Loan Application - Rs. 100/-

2

Nominal Member, Share Application Form Fee

Regular Share Application - Rs. 100/-

Nominal member App.       - Rs. 50/-

13. Charges for amendment/modification of Sanction Terms

Sr.No.

Description

Charges

1

Loan up to Rs. 10 lacs

NIL

 

Loan above Rs.10 lacs

Rs. 5000 (GM)

14. No Dues Certificate, Balance Certificate, Interest Certificate (Excluding Pune Peoples Co-op Banks Customer)

Sr.No.

Description

Charges

1

No Dues Certificate (Excluding Pune Peoples Co-op. Banks Customer)

Rs. 100

2

Balance Certificate/List Of Document

Rs. 25

3

  Interest Certificate LOAN

Rs. 25

16. Penal Charges in Cash Credit / Term loan 

Sr.No.

Description

Charges

1

Monthly non-submission of stock/book debts statements till 10th of the following months

Rs. 100 per month

2

Non-submission of application for renewal and review of cash credit facility/documentation non completed within Before due date from the date of expiry of limit.

3% of O/s Bal over ROI

3

Overdrawn amount in CC accounts against clearing

3% over applied ROI

4

Delay in Installments ( after due date)

3% over applied ROI

5

Overdrawn amount in CC accounts over sanction limit

3% over applied ROI

Note: - C/C Renewal letter to be sent to Customer before 1 month prior of the due date.

17. Gold Appraisal Charges

Sr.No.  Description   Charges 
1 To be reimbursed to Gold Valuer  As per contract with Gold Valuer

18. Bank Guarantee and Letter of Credit (Fresh & Renewals)

Sr.No.

Description

Charges

1

Against 100% deposit

1.25% Per Year + Other Banks Commission

2

Partly secured by Term Deposit less than 100% & Remaining Security by way of Property or Machinery

2.5% Per Year + Other Banks Commission

3

For BG/LC issue by us

Same as above (excluding of other bank commission)

Note:- In case of Bank Guarantees issued for a period less than 3 months, charges will be collected for

a minimum period of one quarter and its multiple for additional part period.

 19. Credit Monitoring / Visit Charges for Total Limits of Rs.10 Lac & Above (Excluding Home loans)

Sr.No.

Description

Charges

1

Credit Monitoring Charges for Total Limits of
Rs. 10 Lac & Above (Excluding Home loans)

Upto   Rs. 50 lac, Rs. 300 Per Quarter &                       Above  Rs. 50 lac, Rs. 500 Per Quarter

2

Below Rs. 10 Lacs

Charges  per anum through system                               
( except FD/Gold/Staff/Group loan/Debit Mandate )

 

Rs. 1 lac, Rs. 2 lac

Rs. 300

 

Rs. 2 lac, Rs. 5 lac

Rs. 500

 

Rs. 5 lac, Rs. 10 lac

Rs. 750

20. Premature Closure of Loan A/c (Excluding Housing Loans)

Sr.No.

Description

Charges

1

Premature Closure of Loan A/c ( Excluding Individual Loans)

If account is taken over by other bank /institution.

Upto 24 Month       3%

25 Month to 48       2%

48 Months to 60      1%

Above 60 Months     Nil  

0.50% if closed before 1 year from own sources.

2

Premature Closure of Loan A/c  (Individual Loans)

NIL

21. Loan Sanction Letter Revalidation Charges (6 Month)

Sr.No.

Description

Charges

Minimum

1

Revalidation Charges

0.05% Sanctioned Limit

Rs. 1000

22. Account Maintenance charges for the accounts having no transaction for last 10 years and above

Sr.No.

Description

Charges

1

Saving A/c

Rs. 500

2

Current A/c

Rs.750

Balance above ` 500/- should be transfer to RBI DEAF account as per RBI guidelines

23. Remittances- Pay orders / DDs

Sr.No.

Description

Charges

1

Pune Peoples Co-op Bank (Pay-Orders)

Rs. 0.50 Per Rs. 1000
Minimum
Rs. 20
Maximum
Rs. 1000

2

 HDFC/IDBI

Rs. 0.50 Per Rs. 1000
Minimum
Rs. 20
Maximum
Rs. 2000

3

State Bank of India

As per different slabs

4

By Cash

Rs. 2.00 Per Rs. 1000      Minimum Rs. 40 

24. DD/PO/Revalidation/Duplicate & Cancellation Charges

Sr.No.

Description

Charges

1

HDFC /SBI & other Banks

Upto Rs. 1500 – Charges Rs. 50
Above
Rs. 1500- Charges Rs. 100

2

Pay Order

Upto Rs. 1500 – Charges Rs. 25
Above
Rs. 1500- Charges Rs.50

25. RTGS 

Sr.No.

Description

Charges

1

Outward

Rs. 2 Lac to Rs. 5 Lac        Rs. 25/-
Above
 Rs. 5 Lac               Rs. 50/-

2

InWard

NIL

26. NEFT

Sr.No.

Description

 Charges

1

Upto 10000

Rs. 5/-

2

From 10000 to 1 lac

Rs. 10/-

3

Above 1 lac upto 2 lac

Rs. 15/-

4

Above 2 lac

Rs. 25/-

27. OBC Collection Charges for Saving Account holders (If Cheque is realized)

Sr.No.

Description

Charges

1

Upto 10000

Rs. 25 +Actual charges

2

From 10001 to 100000

Rs. 50 +Actual charges

3

Above 100000

Rs. 75 +Actual charges

28. OBC Collection Charges for Other than Saving A/c (If Cheque is Realised)

Sr.No.

Description

Charges

1

Upto Rs. 10000

Rs. 50 Per Cheque +Actual charges

2

From Rs. 10001 to Rs. 1 Lac

Rs. 100 Per Cheque  +Actual charges

3

Above Rs. 1 Lac

Rs. 150 Per Cheque  +Actual charges

29. OBC Collection Charges (If Cheque is returned)

Sr.No.

Description

Charges

1

Upto Rs. 1000

Rs. 25 Per Cheque + Postage Rs. 25 + Paying Bank Commission.

2

From Rs. 1001 to Rs. 10000

Rs. 50 Per Cheque + Paying Bank's Commission + Rs. 25 (Postage Charges Per Cheque )

3

Above Rs. 10001

Rs. 100 Per Cheque + Paying Bank’s Commission + Rs. 50 (Postage Charges Per Cheque)

30. Locker Rent & Security Deposit

Sr.No.

Description

Charges

1

Locker Rent & Security Deposit

Depending upon locker size. Charges schedule can be availed from any branch.  –Schedule attached.

First year 50% discount

A

Delay in payment of Rent after 30 April

Rs. 50 Per month

B

Locker Operation charges

Rs. 50 visit in Yearly Free

Above 50 per visit Rs. 50

C

Break Open of locker in case of loss of key

Rs. 500  + Actual charges

31.Cash counting Charges/Handling Charges  (Excluding saving)

Sr.No.  Description  Charges 
1 Cash deposit above 50000 ( for CA/CC)  Rs. 2.50/- per thousand Max Rs.200/-


32. ATM Card Charges

Sr.No.  Description  Charges 
1 Duplicate ATM card issue Charges Rs. 100
2 Duplicate Pin mailer issue Charges Rs. 50
3 Yearly Operation Charges Rs. 100
4 Additional ATM card to joint A/c holder Rs. 100

33. ATM Transaction Fee

Sr.No.  Description  Charges 
1 On Us  Free
2 Issuer  First 5 transactions in Month – Free
 After 5 transactions  Financial -
Rs.25
 Non Financial - 10

34. IMPS Outward Transaction Fee

Sr.No.

Description

Charges

1

Up to Rs.10000

Rs. 5/-

2

Above Rs. 10000

Rs. 10/-

35. Recovery Charges (Charges debited to loan Account)

Sr.No.

Description

Charges

1

Up to 10 k.m.

If recovery clerks go on two wheeler – chargers will be debit to

memorandum a/c as per  Rs. 15 per K.m.

1

Above 10 k.m.

If recovery team go in our banks four wheeler - chargers will be

debit to memorandum a/c as per Rs. 50 per K.m.

Charges will be paid at actual @ 3 per K.m. - Charges will be paid to recovery section clerks after verification by Head Office concern authority.

(After payment of recovery team charges remaining amount to be credited to misc income account.)

36. Vehicle Charges

Sr.No.

Description

Charges

1

Issue of NOC to RTO

Rs. 150

Seizing Charges

a.

Light motor vehicle/two wheeler/

three wheeler/four wheeler

For two wheeler - Rs. 500 &              

For Four wheeler - Rs. 1000

b.

Heavy vehicle

Rs. 3000

c.

Excavators & Cranes

Rs. 5000 or actual outsourcing charges

as apprived

37. Inter branch Transaction Charges (Excluding Saving)

Sr.No.

Description

Charges

1

Cash /clearing

Free

38. Assignment / Reassignment Charges

Sr.No.

Description

Charges

1

Assignment of NSC

Rs. 150+ actual Post office charges

1

Encashment of NSC

Rs. 150+ actual Post office charges

3

Reassignment of NSC

NIL

4

Assignment / Encashment of LIC Policy

Rs. 150/-perLIC branch+actual charges

39. Safe Custody Charges

Sr.No.

Description

 Charges

a.

Gold loan closed but pledged ornaments are not claimed within 1 month from date of closure           ( after sending the notice to the loanee regarding the charges )

Loan sanction amt below Rs. 50,000- Rs. 50 per month

Loan sanction amt above Rs. 50,000- Rs. 100 per month

b.

Sale of pledged Gold ornaments by auction

 

Loans upto Rs. 10000/- 

Rs. 100

 

Above  Rs. 10001/- upto  Rs. Rs.100000

Rs. 500 + proportionate advertisement charges

 

Above Rs.100001

Rs. 1000 + proportionate advertisement charges

40.Others

Sr.No.

Description

Charges

1

Transfer Share Certificate

Rs. 5 Per Share Certificate ( Refer Bye Law)

2

Issue of any other certificate by Bank for the purpose other than for our Banks purpose ( Including verification of Signature )

Rs. 100 Per Certificate

3

Income Tax Certificate for interest on term deposit/savings account or Balance certificate

NIL

4

Change in Nomination for Share Certificate

Rs. 5 Per Change ( Refer Bye Law)

5

Where balance is insufficient to carry out Standing Instruction

Rs. 50 Per transaction, if the instruction is towards the loan EMI

6

Attestation of Photograph

Rs. 50 for photograph

7

Charges for giving copies of documents

Rs. 10 Per page  Minimum 50

8

Enquiry relating to Old records

Rs.150 per item for records more than 12 months old ( As per Law)

 

 

Rs. 100 per item for records less than 12 months old

Note :-     

  1. As far as possible charges to be collected by debiting to party’s account.                                        
  2. No Charges to be collected from our staff, Ex Staff and Director except for the following services.
    1. Supply of loan application forms
    2. Gold appraisal charges       
    3. Locker rent / delay charges
    4. Actual postage & travelling cost wherever applicable
    5. Interest and penal interest
  3. 3. While debit charges, account should not reflect debit balance (SB/CA). Charges to be recovered   when account came in credit.
  4. All the Services mentioned above should be charge with GST Extra. (Wherever it is applicable)