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Service Charges & Fee

(including Service Tax) Effective from 15.02.2017

 [1.1] Charges of stop payment instructions:

Rs.100/-per instrument for SAVING ACCOUNTS and Rs.250/- per instrument for CURRENT ACCOUNTS.

These charges are to be levied only once i.e. at the time of accepting the instructions for stop payment and no charges be levied while actually returning such instruments through clearing. 

[1.2] Issuance of Pass Book: Free. 
The Pass Book shall be updated free of cost. 

[1.3] Issuance of duplicate account statement / passbook: 

A) For Saving Accounts:
Issuance of Duplicate Pass Book: Rs.100/-
Issuance of Duplicate Statement: Rs. 50./- per Quarter

B) For Current Accounts :
Issuance of Duplicate Statement: Rs.20/- per page Minimum Rs.100/-

[1.4.1] Minimum Balance in Saving Bank Accounts: 


- Where Cheque Book is not issued: 

Rs.1000/- 

- Where Cheque Book is issued: 

Rs.1000/-



[1.4.2] Minimum Balance in Current Accounts: -


All Type of Accounts

Rs.5000/-


[1.4.3] Service Charges if Minimum balance not maintained in Savings Bank / Current Accounts:

Saving Bank A/c 

Rs. 60/- per month

Current A/c 

Rs.200/-  per month

[1.5] charges mentioned above are not chargeable in 
i) No Frill A/c 
ii) Pensioners A/C
iii) Salary A/C of staff & other accounts specified from time to time.

In case balance available is not sufficient for debiting of Service Charges then amount available may be debited in the A/c and account may be closed after giving due notice (Registered) to the party and unused cheque books are to be got returned. 

[1.6] CASH HANDLING CHARGES

No charges on cash deposited Up to Rs.1 lac

Thereafter Above Rs.1,00,001/- Rs.100/- per Lakh

[1.7] Cheque Book Charges: -

First Cheque Book is free in Saving Accounts thereafter:-

i) Savings Banks Account

ii) Current Account

iii) For Finance Purpose

Rs.4.00/- per leaf.

Rs.5/- per leaf for all Cheque leaves

Rs. 10.00/- per leaf


[1.8] INCIDENTAL CHARGES

Incidental charges Rs 250/- are to be levied half yearly in all type of current accounts.

[1.9] COLLECTION CHARGES:

[1.9.1] Charges for Outward Clearing  


Account Type

Amount

Saving Accounts

Rs.100

Current Accounts

Rs.200

[1.9.2] Charges for Inward Clearing  


Account Type

Amount

Saving Accounts

Rs.150

Current Accounts

Rs.250

[2.0] Attestation of Signature /Photo:Rs 200/- for  all types of A/c.

[2.1] CHARGES FOR REMITTANCES / COLLECTION 

[i] Charges for Issuance of Pay Order / Banker Cheque

a)

 Up to Rs.20000/-

Min.Rs.60/-

b)

 Above Rs.20000/-

Rs.3.00/- per 1000 or part thereof if made from Accounts

Rs 5.00/- per 1000 or part thereof if made through Cash


[2.2] Cancellation / Revalidation of Bankers Cheque / Payorder/Managers Cheque

Up to Rs.20000/-

20001-50000/-

Rs.40/-

Rs.60/-

Above Rs.50000/-

Rs.100/-

[2.3] Processing charges on Loans /Advances

0.5 %  on all types of Loans / Advances, Minimum to Rs. 1000/-

[2.4] Renewal charges on Advances

0.25% on all types of Loans/ Advances ,Minimum to Rs. 500/-

[2.5] charges on Bank Guarantee

Rs.10/- p.a. per 1000 or part thereof.

[2.6] RTGS / NEFT charges.

 (i) Outward Remittance :

RTGS Charges :

Above Rs. 2 lac

Rs. 80/- Per Transaction

NEFT Charges :

Up to Rs 1 Lac

Rs. 15/- Per Transaction

Above Rs. 1 lac to Rs.2lac

Rs. 40/- Per Transaction

Above Rs.2,00,001/-

Rs. 80/- Per Transaction

 (Service tax & Education Cess extra)

(ii)Inward Remittance : NIL

[2.7] SOLVENCY CERTIFICATE

Rs.500/-  per Lac, Minimum Rs. 1000/-.

[2.8] LOCKER / SAFE CUSTODY CHARGES: 

Sr.No

Size of Locker

Deposit Amount

Rent

1.

Small

15000.00

Rs. 1000 p.a.

2.

Medium

20000.00

Rs. 1500 p.a.

3.

Large

25000.00

Rs. 2500 p.a.

[2.9] Collection of Outstation Cheques

0.50 %   Of Bill Amount or Rs.100, Whichever is Maximum.

Note: 
All above mentioned charges are Exclusive of all charges (postal, courier, handling etc.). 

[3.0] POSTAL CHARGES:
Please note that actual postal / communication charges incurred to be recovered always except of thanks letter information sent to customer.


[3.1] Locker Break Open Charges: -All expenses incurred in the breaking open of the Locker and replacing the lock should be borne by the A/c holder and should be recovered before getting the locker broken.

[3.2] SMS alerts charges :

As per existing Banking policy no Service Charge is to be levied for SMS Alerts.

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  • The JAIN Cooperative Bank Ltd. offer AADHAR card enabled service. All Customers are advised to link their aadhaar card no. to their Saving Account for receiving GAS and other subsidy from Govt. of India.

  • To avoid inconvenience all the customers are advised to furnish their 12 digit Account number properly for receiving NEFT/RTGS and Govt. Subsidy.

  • As per the RBI Direction and mandatory change made in CTS clearing, all customers are advised to get replaced their old cheque books with new CTS-2010 Standard Cheque Books.

  • Mobile SMS Alert Facility is available to Customers.

  • In terms of provisions of Prevention of Money Laundering Act, 2002(PMLA) and Reserve Bank of India (RBI) guidelines, all customers are advised to submit their KYC Documents into their respective branches to avoid any inconvenience.

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