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Service Charges

REVISED SCHEDULE OF SERVICE CHARGE OF THE WEST BENGAL STATE CO-OPERATIVE

BANK LTD. WITH EFFECT FROM 01/04/2024

A: DEPOSIT AND OTHER LIABILITY RELATED SERVICES

Sl. No. Type of Service Current Service Charge on and from 01-06-2024 (GST will be applicable additionally)
1 2 3
1. Issuance of Manager's cheque/pay order Minimum-Rs. 25/- Rs. 5/- per Thousand plus GST as applicable
2. Issue of Bankers' cheque/DD on KMB Rs. 5/- per Thousand plus GST as applicable
3. Issue of duplicate managers' cheque/pay order/draft/Bankers' cheque/DD on KMB Rs. 200/-Plus GST as applicable.
4. Issue of duplicate Bankers' cheque/draft on other Bank Rs. 200/- plus GST as applicable. Plus charge of concerned Bank if any and service tax thereon
5. Cancellation/Revalidation of Drafts/Manager's cheque Rs. 200/- plus GST as applicable plus charge of concerned Bank if any and service tax thereon
6. Collection of outstation DD/Cheque DW etc. (plus postage + out of pocket expense) No Charge
7. Collection of Bills Rs. 200/- plus GST as applicable plus actual postage and courier per all cases.
8. (i) Handling charges for cheque/bills returned unpaid local charges/bills (ii) Handling charges for cheque/bills returned Rs. 200/- plus GST as applicable
9. Issue of duplicate pass book/statement of A/C / term deposit receipt copy Rs. 50/- plus GST as applicable (For each 10 pages).
10. Stop payment instruction Rs. 35/- per Instruments plus GST as applicable
11. Additional/deletion of name Rs. 100/- plus GST as applicable per case except in case of deletion of name of deceased depositor. And except in case of addition/deletion of name in Society and Association Account.
12. Attestation/verification of customer's signature/issue of no dues certificate/certificate of maintenance of A/c with Bank/issue of balance certificate Rs. 200/-plus GST as applicable for every Individual
13. Changes in A/c operational instruction Rs.200/-plus GST as applicable per case except in case of society and association account.
14. Loss of token Rs. 200/- per token (separate token stock register will have to be maintained).
15. Postage and telecommunication Actual charges incurred
16. Tariff Actual charges incurred
17. Closure of CD Account within one year. Rs. 500/-plus GST as applicable
18. Closure of SB Account within one year. Rs.200/-plus GST as applicable
19. Closure of RD within 3 months from the date of opening ( In case of Deceased , No charge for Closure in any A/c. ) Rs. 200/- plus GST as applicable
20. Minimum Balance fall in Current Account Rs. 500/- Plus GST as applicable
21. Minimum Balance fall in SOPAN Account Rs. 500/- Plus GST as applicable
22. Minimum Balance fall in Savings A/c with & without cheque Rs. 200/- Plus GST as applicable
23. Minimum Average Monthly balance for Savings A/c with Cheque Rs. 750/- plus GST as applicable. (Exemption in case of in-service staff account, Minors upto the age group of 18 & BSBD Accounts).
24. Minimum Average Monthly balance in Savings A/c without Cheque Rs. 500/- plus GST as applicable (Exemption in case of in-service staff account, Minors upto the age group of 18 & BSBD Accounts).
25. Minimum Average Monthly balance in Current A/c Rs. 5000/- plus GST as applicable
26. Incidental Charge No Charges
27. For Message Charge from Bank's FAX Machine relating to customers' A/c No Charges
28. Courier Charges relating to Customers' Account Actual charges
29. Return of clearing cheque/ECS Rs. 225/-Per Instrument plus GST as applicable. If returned more than three times within one month on same account additional charges of Rs. 225/- per instrument (charges will be recovered from the drawer)
30. Withdrawals in SB A/c both cheque and without cheque facility exceeding maximum stipulated as per Bank's SB A/c. rules May be allowed as an extreme emergency (such as Medical, Death, educational, marriage & others unavoidable Circumstances)
31. MICR cheque leaf charge for SB/CD/CC/OD Account For SB Account Rs. 4/- plus GST per cheque leaf provided that one cheque book of 25 leaves each will be issued free in a financial year. For CD/CC/OD Account Rs. 3/- per cheque leaf provided that one cheque book of 25 leaves each will be issued free in a financial year.
32. Non-MICR cheque leaf charges NIL
33. Fund Transfer NIL
34. Standing Instruction Rs.50/- for first SI. as one time fees and Rs.250/- for failure plus GST as applicable. In case of RD, no charges will be applicable. (Note: Rs. 10/- per customer per month from crediting/debiting as per list submitted by the Society/LICI/any such type of institution.)
35. Sub-membership for clearing service rendered Rs. 6/- plus GST as applicable per instrument both for outward & inward clearing.
36. Allowing account operation through Power of Attorney/Mandate Rs.600/- for Individual and Rs.1200/- for Non-Individual plus GST as applicable
37. Charges for supply copies of documents (relating to old record) Rs. 125/- plus GST as applicable per item
Rs. 200/- plus GST for 2yr and beyond that Rs. 200/- (plus GST as applicable) per year.
38. Legal opinion in case of complicated claims on death/insolvency/insanity of depositors & other matters of banking operations requiring legal opinion as may be necessary by the Bank. Actual charge incurred by the Bank to be realized from the applicant/claimant/depositor.
39. For Cash Deposit / Withdrawn to / from Non-home Branches except loan repayment.(except Loan Disbursement/ Repayment) Rs.70/- per thousand plus GST as applicable. Subject to minimum Rs.25/- plus GST as applicable .(Free for any technical fault at home Branch)
40. Cash handling charges No Charges Up to 60 Lacs in a year.
Above 60 Lac-
Rs.60/- per thousand for home Branch plus GST as applicable
No Cash Handling Charges for non home branches. Only Cash Deposit Cost of Non home Branch will be realised.
Charges will be collected Monthly basis in round figure
41. SMS Alert charges per quarter Rs.20/- plus GST as applicable
42. Charges towards CSGL A/c Holder Rs.590/- plus GST as applicable for each Buy/Sell
Rs.118/- Plus GST as applicable for adjustment of Maturity proceeds/Periodical Interest adjustment for each transaction.

B: LOANS & ADVANCE RELATED SERVICES

Sl. No. Type of Service Revision of charges with effect from 1st June, 2017
(Including GST)
1 2 3
1. Cheque/bill purchase For local upto Rs.1000/- Rs.30/-
Above Rs.1000/- to Rs.2500/- Rs.40/-
Above Rs.2500/- to Rs.5000/- Rs.60/-
Above Rs.5000/- to Rs.10000/- Rs.375/-
Above Rs.10000/- Rs.5.50 p.t.
Minimum-Rs.75/-
Maximum-Rs.7500/-
2. Inspection charge for fresh/existing loans and advances except farm/farm allied/BSKP/Weavers Loan/Consortium Advance/Staff Loan/Demand Loan/MT ECCS i) Upto Rs.2 Lac Nil
ii) Above Rs.2 Lac upto Rs.10 Lac Rs.575/-
iii) Above Rs.10 Lac upto Rs.25 Lac Rs.920/-
iii) Above Rs.25 Lac upto Rs.50 Lac Rs. 1725/-
iv) Above Rs.50 Lac upto Rs.1 crore Rs.4025/-
v) Above Rs. 1 crore Rs.4600/-
In case actual inspection charge is more than the above limits, the actual charges will be realized.
3. Annual supervision charge/renewal charge for CC/CD/Term Loan except Farm/Farm Allied/BSKP/Weavers Loan/Consortium Advance/Staff Loan/Demand Loan/MT ECCS Loan Upto Rs.50,000/- Nil
Above Rs.50000/- upto Rs.1 Lac Rs.230/-
Above Rs.1 Lac upto Rs.10 Lac

above Rs.1 Lac to Rs. 5 Lac - Rs.575/-above Rs. 5 Lac to  Rs.10 Lac - Rs.775/-
Above Rs.10 Lac upto Rs.50 Lac above Rs.10 Lac to Rs.25 Lac - Rs.2070/- above Rs.25 Lac to Rs. 50Lac - Rs.3450/-
Above Rs.50 Lac upto Rs.100 Lac Rs.4600/-
Above Rs.100 Lac upto Rs.500 Lac Rs.6900/-
Above Rs.500 Lac upto Rs.1000 Lac Rs.9200/-
Above Rs.1000 Lac upto Rs.2000 Lac Rs.10350/-
Above Rs.2000 Lac Rs.11000/-
4. Loan proposal processing fees except farm & farm allied/BSKP/Weavers/ECCS/Staff Loan/Demand Loan/other priority sector/agricultural sector/MT ECCS Working capital limit upto Rs.25000/-

 

 Nil
Above Rs.25000/- upto Rs.2 Lac

 

 Rs.500/-
Above Rs.2 Lac

 

 Rs. 350/- per Lac subject to maximum limit of 50000/-( this may be applicable for Term Loan also)

 
This charge is applicable only if the rate of processing fee/exemption of processing is not mentioned on the sanctioned letter.

 
5. Home loan processing fee 0.575% Minimum-Rs.1500/-
Maximum Rs. 10000/-
6. Commitment charge Above Rs.10 Crores and mentioned in LoS
7. Operation charge for pledge go down Rs.65/- for each block of 10 transactions (Beyond 50 transactions) or part thereof.
8. Incidental charges in CC/OD account (half yearly)

 

 Computer branch Rs.60/- per compute sheet or part thereof non-computer branch Rs.50/- per ledger folio or part thereof. Subject to free folio given below for CC/OD A/c.

 
Average debit balance

 

 No. of free folio

 
i) Upto Rs.25000/-

 

 Nil

 
ii) Above Rs.25000/- upto Rs.50000/-

 

 3

 
iii) Above Rs.50000/- to Rs.1 Lac

 

 5

 
iv) Above Rs.1 Lac

 

 Full Free
40 entries in computerized branch will be treated as one folio.
9. Issue of Bank Guarantee Rs.115/- + 0.30% per quarter in case 100% margin Minmum for two Quarter in other cases 0.75%per plus Rs.115/-.
10. Letter of credit At 0.30% and amendment Charge-Rs. 225/- flat.
11. Charges for equitable mortgage upto - Rs.25000 Nil
above Rs.25000 - Rs.50000 Rs.100/-
above Rs.50000 - Rs.200000 Rs.500/-
above Rs.200000 - Rs.50000 Rs.1000/-
above Rs.50000 - Rs.2000000 Rs.1200/-
above Rs.2000000 - Rs.10000000 Rs.2500/-
above Rs.10000000- Rs. 5000000 Rs.3000/-
above 5 crores Rs.10000/-
12. Legal/expert consultancy opinion charge in case of preparing deeds/documents/agreements etc. for big project & other loan Actual charges incurred by the Bank to be realized from the applicant/claimant/depositor.
13. Personal Loan 1.15%
14. Consumer Durable Loan 1.15%
15. Non- Commercial Car Loan 1.15%
16. CIBIL Charges Consumer CIR Rs.33/-
Commercial CIR in case of Company /Partnership/ Others. Rs.700/-
17. Documentation Charges upto - Rs.25000 Nil
above Rs.25000 - Rs.50000 Rs.100/-
above Rs.50000 - Rs.200000 Rs.500/-
above Rs.200000 - Rs.50000 Rs.1000/-
above Rs.50000 - Rs.2000000 Rs.1200/-
above Rs.2000000 - Rs.10000000 Rs.2500/-
above Rs.10000000- Rs. 5000000 Rs.3000/-
above 5 crores Rs.10000/-
18. Bankers Solvancy certificate Upto Rs.1 Lac Rs.750/-
> Rs.1Lac upto Rs.10Lac Rs.1500/-
> Rs.10Lac to Rs.25Lac Rs.2500/-
> Rs.25Lac upto Rs.50Lac Rs.5000/-
> Rs.50Lac Rs.10000/-
19. No dues certificate PrioritySector Rs.10/- per certificate
NonPriority sector Rs.15/- per certificate
20. Loan against own Deposit NSC/ KVP/ LIP No charge except Actual charge required for creating with post office and charges for assignment and reassignment

C: SERVICE CHARGE FOR AVAILING ATM FACILITY

Name of the items Revised Service Charges for using ATM Card per annum (excluding GST) on & from 01-06-2024
Annual Fee from 2nd Year (waived for 1st Year) Rs. 125/-
Card Replacement Charges (With PIN) Rs. 100/-
For Duplicate PIN Rs.50/-
Transaction Charges for using Bank's own ATM Nil
Transaction Charges for using other Bank's own ATM (Beyond 5 transaction)
[PIN Change is not a transaction]		 Rs. 20/- (Financial)
Rs. 10/-(Non-financial)

D: IMPS Outward Transaction Charges for Mobile/Internet/Branch Banking

Slab Changes in Mobile/Internet Banking Changes from Branch for IMPS
Upto 1000/- No Charges Rs. 20/- plus GST per transaction
1001/- to 10000/- No Charges Rs. 20/- plus GST per transaction
10001/- to 20000/- No Charges Rs. 20/- plus GST per transaction
20001/- to 50000/- No Charges Rs. 20/- plus GST per transaction

* MAXIMUM CEILING OF TRANSACTION AMOUNT IN IMPS IS RS. 50000/- PER DAY

** NO GST will be refunded if applied.