The Surat Mercantile Co-op. Bank Ltd.
The Surat Mercantile Co-op. Bank Ltd.
RBI Lic No: UBD GUJ 1562

Deposits & Other Services Related

THE SURAT MERCANTILE CO-OP BANK LTD; ADMINSTRATIVE OFFICE, SURAT

Deposits and other Services Related (w.e.f. 1st November 2023)

NO. TYPE OF SERVICE CHARGES (+ GST Extra)
1

Minimum Balance in Saving Account

Rs. 500/- - Regular (with ECS Rs. 3000/-)

 Failure to Maintain Minimum Balance Monthly-Charges -- 100/-
2

Minimum Balance in Current Account

Rs. 3000/- - Regular (with ECS Rs. 5000/-)

 Failure to Maintain Minimum Balance Monthly- Charges  -- 100/-
3 Cheque Book Issue Charges CA/CC/OD Rs. 3.00 Per Cheque
4 Stop Payment Charges Rs. 200 Per Cheque +
5 Cheque Return Charges (1) Local Cheques  
  (a) Outward Outward clearing Rs. 100/- +
  (b) Inward Inward clearing Rs.250/- +
  (2) Outstation Cheques Rs. 100/- including postage charges
  (3) Outstation Bills Rs. 100/- including postage charges
6 Return ECS  (Per Return) Rs. 250/- +
7 ECS Mandate Verification Rs. 200/- +
8 Signature Verification Rs. 100/- +
9 Account Closure Charges Rs. 200/- +
10 Demand Draft Issuance Rs. 3 + … Per 1000 (Minimum Rs. 25 Max. Rs. 2500)
11 Demand Draft / PO Cancellation Rs. 100/- +
12 Pay Order / Pay Slip Rs. 2 per 1000 Min. Rs. 25 +
13 RTGS/NEFT Transaction (per transaction) Rs. 1             to    10,000    Rs.  2.50 + GST
    Rs. 10,001    to 1,00,000   Rs.  5.00 + GST
    Rs. 1,00,001 to 2,00,000   Rs.15.00 + GST 
    Rs. 2,00,001 to 5,00,000   Rs.25.00 + GST
    Rs. 5,00,001 & ABOVE       Rs.50.00 + GST
14 Ledger Folio charges CA/CC/OD Rs. 25 per Page + Yearly 200+
15 Duplicate A/c. Statement 10 per Page / 50 +
16 Share Transfer fee (Per Share) Rs.  5/- +
17 Certificate Charges Rs. 100/- +
18 SMS Charges Yearly Rs. 50/- +
19 Token Loss Rs. 500