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 DescriptionMinimum
Balance (Rates)
Minimum
Balance to
be maintained
in account

1

Current A/c ( Individual )

` 2500

` 2500

2

Current A/c  (Partnership Firm)

` 5500

` 5000

3

Current A/c  (Companies )

` 10500

` 10000

4

Saving A/c (Without Cheque book)

` 500

` 500

4

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

` 1000

` 1000

5

Saving A/c (Demat Linked)

discontinue

discontinue

6

Recurring

` 100

NA

7

Ashirwad Saving A/c

` 100

NA

8

Salary Account

` 0

NA
































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



Sr.No.  Description   Charges
1 Current A/c  ` 0.50 per transaction  
2 Saving  ` 0.10 per transaction  

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


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

4. Cheque Book Issue Charges


Sr.No.

Description

Charges

Cheque Book Charges

1

Saving -

` 2 per cheque leaf

2

CA/CC –

` 2 per cheque leaf

3

PDC for Financial Institutions*

` 15 per cheque leaf















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

Sr.No.

Description

Charges

1

Cheque

` 100 per cheque leaf

2

Debit ECS

` 150 per ECS








6. Ledger Folio Charges (Quarterly)


Sr.No.

Description

Charges

1

Saving

NIL

2

CA

` 50 per page (Page=60 Entries)

3

Free Pages if Balance in account –(Quarterly Average)

> ` 50000  NIL

 

 

above ` 50000  All free















7. Cheque/ECS Return Charges


Sr.No.

Description

Charges

 Details

Inward

Outward

Saving A/c and ECS

` 50

` 50

Current A/c and ECS

` 300

` 100

Cash Credit

` 300

` 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)   ` 10  per computer page
2 Savings & Recurring (Previous Year/s)  ` 25  per computer page
3 Current / Cash Credit(Current Financial Year)   ` 25  per computer page
4 Current / Cash Credit (Previous Financial Years)   ` 25  per computer page
5 Share Certificate  ` 50 per share certificate of ` 100 and for  ` 100 above 2% of share certificate and maximum amount is not more than  ` 1000 -As per Byelaw
6 Cheque transaction Image/information  `100 BELOW ` 50,000
 ` 200 ABOVE ` 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             ` 200         before 12 months          ` 150 

After 1 year No Charges        

2

Current

Within 3 month             ` 500         before 12 months          ` 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

` 300 Per Token







11. Signature Verification

Sr.No.

Description

Charges

1

Signature Verification

` 150 Per Verification







12. Loan, Nominal Member, Share Application Form Fee

Sr.No.

Description

Charges

1

Loan Application Form Fee

Loan Application - ` 100/-

2

Nominal Member, Share Application Form Fee

Regular Share Application - ` 100/-

Nominal member App.       - ` 50/-











13. Charges for amendment/modification of Sanction Terms

Sr.No.

Description

Charges

1

Loan up to ` 10 lacs

NIL

 

Loan above ` 10 lacs

` 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)

` 100

2

Balance Certificate/List Of Document

` 25

3

  Interest Certificate LOAN

` 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

` 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
` 10 Lac & Above (Excluding Home loans)

Upto    ` 50 lac, ` 300 Per Quarter &                       Above  ` 50 lac, ` 500 Per Quarter

2

Below ` 10 Lacs

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

 

` 1 lac, ` 2 lac

` 300

 

` 2 lac, ` 5 lac

` 500

 

` 5 lac, ` 10 lac

` 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

` 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

` 500

2

Current A/c

`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)

` 0.50 Per ` 1000
Minimum
` 20
Maximum
` 1000

2

 HDFC/IDBI

` 0.50 Per ` 1000
Minimum
` 20
Maximum
` 2000

3

State Bank of India

As per different slabs

4

By Cash

` 2.00 Per ` 1000      Minimum ` 40 



















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


Sr.No.

Description

Charges

1

HDFC /SBI & other Banks

Upto ` 1500 – Charges ` 50
Above
` 1500- Charges ` 100

2

Pay Order

Upto ` 1500 – Charges ` 25
Above
` 1500- Charges ` 50











25. RTGS



Sr.No.

Description

Charges

1

Outward

` 2 Lac to ` 5 Lac        ` 25/-
Above
` 5 Lac              ` 50/-

2

InWard

NIL











26. NEFT


Sr.No.

Description

 Charges

1

Upto 10000

` 5/-

2

From 10000 to 1 lac

` 10/-

3

Above 1 lac upto 2 lac

` 15/-

4

Above 2 lac

` 25/-














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


Sr.No.

Description

Charges

1

Upto 10000

` 25 +Actual charges

2

From 10001 to 100000

` 50 +Actual charges

3

Above 100000

` 75 +Actual charges












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

Sr.No.

Description

Charges

1

Upto ` 10000

` 50 Per Cheque +Actual charges

2

From ` 10001 to ` 1 Lac

` 100 Per Cheque  +Actual charges

3

Above ` 1 Lac

` 150 Per Cheque  +Actual charges












29. OBC Collection Charges (If Cheque is returned)


Sr.No.

Description

Charges

1

Upto ` 1000

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

2

From ` 1001 to ` 10000

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

3

Above ` 10001

` 100 Per Cheque + Paying Bank’s Commission + ` 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

` 50 Per month

B

Locker Operation charges

` 50 visit in Yearly Free

Above 50 per visit ` 50

C

Break Open of locker in case of loss of key

` 500  + Actual charges




















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


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

32. ATM Card Charges
Sr.No.  Description  Charges 
1 Duplicate ATM card issue Charges ` 100
2 Duplicate Pin mailer issue Charges ` 50
3 Yearly Operation Charges ` 100
4 Additional ATM card to joint A/c holder ` 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 -
` 25
 Non Financial - 10

34. IMPS Outward Transaction Fee

Sr.No.

Description

Charges

1

Up to ` 10000

` 5/-

2

Above ` 10000

` 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  ` 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 ` 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

` 150

Seizing Charges

a.

Light motor vehicle/two wheeler/

three wheeler/four wheeler

For two wheeler - ` 500 &              

For Four wheeler - ` 1000

b.

Heavy vehicle

` 3000

c.

Excavators & Cranes

` 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

` 150+ actual Post office charges

1

Encashment of NSC

` 150+ actual Post office charges

3

Reassignment of NSC

NIL

4

Assignment / Encashment of LIC Policy

` 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 ` 50,000- ` 50 per month

Loan sanction amt above ` 50,000- ` 100 per month

b.

Sale of pledged Gold ornaments by auction

 

Loans upto ` 10000/- 

` 100

 

Above  ` 10001/- upto  100000

` 500 + proportionate advertisement charges

 

Above ` 100001

` 1000 + proportionate advertisement charges




















40.Others


Sr.No.

Description

Charges

1

Transfer Share Certificate

` 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 )

` 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

` 5 Per Change ( Refer Bye Law)

5

Where balance is insufficient to carry out Standing Instruction

` 50 Per transaction, if the instruction is towards the loan EMI

6

Attestation of Photograph

` 50 for photograph

7

Charges for giving copies of documents

` 10 Per page  Minimum 50

8

Enquiry relating to Old records

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

 

 

` 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)