Sir M Visvesvaraya Co operative Bank Ltd. Since 1979

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Service Charges

SIR M.VISVESVARAYA CO-OPERATIVE BANK LIMITED
Corporate Office, No.109, Shankaramutt Road, Shankarapuram, Bangalore-4
STATEMENT OF SERVICE CHARGES / COMMISSION / OTHER CHARGES FOR SERVICES OFFERED BY THE BANK - NON INTEREST INCOME:
(Amount mentioned is in actual rupees).
Sl.No.	Particulars	REVISED CHARGES W.E.F 02.04.2025
A )	APPLICATION FORMS
1	Nominal Membership	100.00
2	OEL & HPS Loan	100.00
3	IPL & Business Loan	100.00
4	US Loan	100.00
5	Gold Loan	100.00
6	GS Loan	100.00
7	Demand Loan	- -
8	Locker Application	150.00 Plus Applicable Stamp Duty
B )	FEES
1	Nominal Membership fee	200.00
2	Notice Fee
A	First Intimation	80.00
B	Second Notice	100.00
C	Final notice - Reg. Post (1+1+1) as the case may be	500.00
D	Gold Loan auction notice	350.00
E	Interest intimation	50.00
3	Recall Notice fees SARFAWSI
A	Demand Notice	300.00
B	Possession Notice	400.00
C	Sale Notice	600.00
D	Sale Confirmation letter	300.00
C )	COMMISSION
1	Pay Order commission	Rs. 2.5/- per 1000/- Minimum of Rs. 40/- and Maximum of Rs. 1000/-

2	Commission for cancellation of PO	Rs. 2.5/- per 1000/- , Minimum of Rs. 50/- and Maximum of Rs.1000/-

3	Int. on fixed deposit sent to other bank	No charges

4	PayOrder issued in case of repayment of debts	Rs.4/-per 1000 with a Min. of Rs.100/- and max .of Rs.1000/- per instrument
5	Payorder issued in respect of purchase of property/Business & Term Loan	No Charges Henceforth
6	Revalidation of Pay Order	Rs.200/- plus GST
7	Commission for PO in case of HPS & OEL	NIL
8	Solvency certificate	Rs.500/- plus GST
9	Commission for standing instruction (other Banks)	50.00
10	IPL/TL/SCC discharge certificate	500.00
11	DD purchased and sent to out side places	100.00
		Actual postage or Rs.50/- per transaction which ever is higher
D )	CHARGES
1	Incidental Charges up to 30 lines (computer)	100.00
2	Service Charges for Bank Guarantee Issued either by our bank or through Axis Bank by way of Foreign Exchange business agreement	Min. Rs.1000/- or 2% p.a. on the amount of guarantee issued subject to no limit. The commission to be charged is for the period of guarantee including claim period. The guarantee commission to be recovered is for a minimum of 2 quarters if the guarantee issued is for less than 6 months. If the guarantee issued is for more than 1 year including claim period, then the commission to be recovered is for the period of guarantee including claim and for the full quarter in which the guarantee expires. If the guarantee is returned by our customer/beneficiary before the expiry of the same, then the guarantee commission to be collected is for the period of guarantee plus for the full quarter in which it is returned. The commission at 2% p.a. is to be recovered on every renewal of the bank guarantee till its expiry date including claim period. The commission, as branches are aware, is on sharing basis with Axis Bank.
3	Service Charges for recall of the expired Bank Guarantee	500.00
4	Issue of HPS & G S Loan Discharge Certificate	100.00
5	Assignment of LIC Policy	100.00
6	Collection of amount against pledged NSC's	Rs.100/-, min.Rs.100/-per post office or 1 % of the amount collected whichever is higher with a maximum of Rs.300/-
7	Instrument received from the other Banks for Cr. directly by the Bank	Nil
8	Issue of Duplicate Pay Order	50% of Chgs collected at the time of issue of original PO
9	Issue of Duplicate FD Receipt	Rs.100/-plus applicable Stamp Paper
10	Collection of Outstation Cheques	Up to and inclusive of Rs.5000/- 20/- plus GST
		Above Rs. 5000/- and up to and inclusive of Rs. 10000/- 40/- plus GST
		Above Rs. 10000/- and up to and inclusive of Rs. 1 lakh 65/- plus GST
		Above Rs.1/ lakh 100/- plus GST
11	Issue of duplicate Pass book (SB/Loans)	Rs.100/- plus GST, each (for continuation book not to be charged)
12	Issue of duplicate pass book for CA & SCC	Rs.200/-plus GST, each (for continuation book not to be charged)
13	Issue of Duplicate Membership ID card in lieu of lost/ stolen/ misplaced	100 +GST (Only at Corporate Office)
14	Issue of Duplicate Share Certificate in lieu of lost/ stolen/ misplaced	200+ GST (Only at Corporate Office)
15	Release of parcels / consignment & sending DD	Rs. 50/- per parcel
16	Collection of Bills (not purchased) to be sent by RPAD	Rs. 150/- per bill
17	Stop payment for:
	SB	Rs. 150/- per instrument
	CA/SCC/OD	Rs. 250/- per instrument
18	Closing of account before one year:
	SB	Rs. 200/- plus GST
	CA	Rs. 300/- plus GST
19	Inspection charges limit uptoRs. 2 lakhs In Bangalore City	Up to and inclusive of 10 lakhs 500/-
		Above 10 lakhs up to and inclusive of 50 lakhs 750/-
		Above 50 lakhs upto and inclusive of 1 Crores 1000/-
		Above 1 Crore2000/-
20	Outside Corporation limits irrespective of loan amount	Minimum of Rs.3000/- or actual hiring charges whichever is higher
21	Non submission of stock statement/Book Debt Statement	1% extra interest to be charged on O/S balance
22	Vehicle documents not received within 90 days from the date of Loan release (Ref:CO/CIRC/02.06.2011)	1% extra interest to be charged on outstanding balance over & above the applicable interest rate
23	Cheque return charges (outward/inward) (SB/CA/SCC/UCC)	Rs.200/- plus GST for SB Rs.300/- plus GST for CA/SCC/OD

24	ECS Debit returns OD/SCC/UCC/CA/SB	Rs.200/- plus GST
25	Valuation charges in case of more than one property is offered as security: for every additional property, the valuation charges will be	Rs.1000/- or actual valuation charges

26	In case of purchase of site / property production of Khatha within	1% additional interest is to be collected till it is produced
	90 days from the date of purchase, otherwise	(Fraction of days will be considered as a month)
27	Issue xerox copies of documents / letters under Banks custody	Rs.3/- per copy with a minimum of Rs. 50/-

E )	INTEREST
1	Limit exceeding SCC,UCC & OD a/c's	1% extra interest on the amount exceeding the limit.

F )	Locker rent :
	a) Small Locker 4.5”x6''	Rs.700/- per year
	b) Medium Locker 7”x9”	Rs.1500/- per year
	c) Big Locker 11”x13”	Rs.2500/- per year
	d) Biggest Size 14.50”x21”	Rs.6000/- per year

G)	MINIMUM BALANCE
1	S.B. without Cheque Book	500.00
2	S.B. with Cheque Book	1,000.00
3	Current Account	2,000.00
4	SB for Senior Citizens (Without Cheque Book)	500.00
5	SB for Senior Citizens (With Cheque Book)	1000.00
6	Basic Saving Bank Deposit Account (previously No frills account)	No Minimum balance stipulated

H)	NON-MAINTENANCE OF MINIMUM BALANCE	Reference circular VCB/CO/417/2015-16 dated 24.07.2015
1	S.B. without Cheque Book	10% of the short fall in maintaining the minimum balance or Rs.200/- per month whichever is lower
2	S.B. with Cheque Book
3	Current Account
4	Basic Saving Bank Deposit A/c(previously No frills A/c)	NIL
5	Activation of In operative Basic Saving Bank Deposit A/c(previously No frills A/c)	NIL

I)	CHEQUE BOOK CHARGES
1	Savings Bank	First Cheque book free, Rs.2/- per leaf plus GST
2	Current Account/ SCC/OD	First Cheque book free, Rs.3/- per leaf plus GST

J)	CHEQUE PURCHASE CHARGES
1	Re.1/- to inclusive of Rs.5000/-	Up to 1000/- Rs. 25/- - Minimum of Rs. 25/- and Rs. 15/- for every additional Rs. 1000/- there of
2	Rs.5001/- to inclusive of Rs.10000/-	Up to 1000/- Rs.25/- - Minimum of Rs. 100/- and Rs.15/- for every additional Rs. 1000/- there of
3	Above Rs.10,000/-	Up to 1000/- Rs. 25/- - Minimum of Rs. 125/- and Rs.15/- for every additional Rs. 1000/- there of

K)	(i) NEFT CHARGES	Up to Rs. 1 lakh – Free
		Above Rs. 1 lakh- Rs. 25/- plus GST

	(ii) RTGS CHARGES	Above Rs. 2.00 lakhs up to and inclusive of 5 lakhs, Rs. 25/- plus GST
		Above Rs. 5.00 lakhs, Rs. 50/- plus GST
		In respect of non profitable/ charitable organizations, concession at 50% of the above charges to be extended.

l)	ATM Duplicate Card Charges	Rs.250/- plus GST

m)	Folio Charges	Rs.25/- , If the transaction is below 100 entries in each half year
		Rs.50/- , If the transaction is above 100 entries in each half year

n)	No Due Certificate	Rs.500/- plus GST for Property Loan
		Rs.100/- plus GST for HPS and LIC Policy

o)	Failed Mandate	Rs.200/- plus GST