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Co-operative Loans | Personal Loan |     
 
Service Charges
 
   
 Deposit Interest Service Charges  
   
 
 
 

NEFT Service Charges

a)

Customer Outward Transactions::

 

1.

Upto Rs.10,000/-

Rs.3/- (Inclusive of Service Tax)

2.

Rs.10,001/- to Rs. 1,00,000/-

Rs.6/- (Inclusive of Service Tax)

3.

Rs.1,00,001/- to Rs.2,00,000/-

Rs.17/- (Inclusive of Service Tax)

4.

Above Rs.2,00,000/-

Rs.29/- (Inclusive of Service Tax)

b)

Customer Inward Transactions::

 

 

Free

 

 

DEMAND DRAFTS/PAY ORDERS/MAIL TRANSFERS

a)

Individuals and Others:

 

1.

Upto Rs.1,000/-

Rs.20/-

2.

Rs.1,001/- to Rs.5,000/-

Rs.30/-

3.

Rs.5,001/- to Rs.10,000/-

Rs.35/-

4.

Rs.10,001/- to Rs.1,00,000/-

Rs.2.5/- per Rs.1000, Minimum Rs.35/-

5.

Rs.1,00,001/- to Rs.10,00,000/-

Rs.2 per Rs.1000, Minimum Rs.250/-

6.

Above Rs.10,00,000/-

Re.1.5 per Rs.1000,         

Minimum Rs.2,000/-

b)

Co-operative Institutions:

 

 

For affiliated societies 60% of the normal rate and for non-affiliated co-operative institutions 75% of the normal rate shall be collected. 

 

Free mail transfers allowed to Welfare Funds/Pension funds/Karshaka Suraksha Scheme/ Sahakarananidhi and transfer of funds between the following branches.

 

·         Muvattupuzha Rural & Town Branches

·         Aluva Main & Palace Road Branches

·         N. Parur Main & Evening Branches

·         Perumbavoor Main & Evening Branches

·         Ernakulam Main & Evening Branches

·         Kothamangalam Main & Evening Branches

·         Thrikkakara & H.O. Branch

·         Vyttila & Extension counter Vyttila

·         Ernakulam Evening & Extension counter

Free mail transfers are allowed in Savings / Current A/c of Individuals between the branches of EDCB. Free mail transfers are allowed in C.D. Accounts of affiliated co-operative societies.  For mail transfers from S.B. Accounts commission at the rates shown in I(b) shall be collected.

 

      COLLECTION OF OUTSTATION CHEQUES/DRAFTS/INWARD BILLS

Individuals and Others:

Upto Rs.1,000/-

Rs.10/- + Postage Rs. 5/-

Rs.1,001/- to Rs.5,000/-

Rs.35/- + Postage Rs. 15/-

 Rs.5,000/- to Rs. 9999/-

Rs.50/- 

 Rs10,000/- to Rs1,00,000/-

Rs.100/- 

 Above Rs1,00,000/-

Rs.150/- 

For Affiliated Co-operative Societies

Cheques/Drafts/Treasury bills drawn in favour of affiliated co-operative societies, actual expenses only be charged (postage + commission paid by Bank, if any).

·         For Non Affiliated Co-operative Societies &

·         3rd party Cheques/Drafts/Inward Bills presented by affiliated Co-operative Societies

Upto Rs.1,000/-

Rs.10/- + Postage Rs. 5/-

Rs.1,001/- to Rs.,100,000/-

50% of the rate applicable to individuals [Minimum Rs.50/-]

 Above Rs1,00,000/-

Rs.150/- 

 

ANY BRANCH BANKING TRANSACTIONS

 For Individuals and Others except societies.

A  minimum balance of Rs.1000/- need to be maintained in SB accounts, which opts for ABB

A  minimum balance of Rs.2000/- need to be maintained in CD accounts, which opts for ABB

There is no charge for ABB transaction in case of SB and CD accounts

Rs.10/- will be charged if not maintaining minimum balance

Rs.10/- will be charged on all ABB transactions related to OD/CC accounts

No charges on remittance towards Loan installments and interest

For monthly statement of ABB transactions under certificate of posting Rs.10/- will be charged

A  minimum balance of Rs.1000/- need to be maintained in SB accounts, which opts for ABB.

 

 

Service Charges

Service charges @ 0.35% on all Loans/ Overdrafts/Cash credit to individuals at the time of disbursement except for gold loan, secured loans, secure OD and gold OD.

Service charge @2% will be charged on the outstanding house loan amount, in case of takeover by other banks and @1% for pre closure within one year.

Service charge of Rs.100/- will be charged on renewal of OD/CC accounts of individuals.

Service charge Rs.50/- will be charged for issuing duplicate gold loan token

Service charge of Rs.250/- p.a will be collected from societies for keeping duplicate keys

Service charge of Rs.25/- on SB/CD accounts, which are having no transaction for 3 consecutive years

Service charge of Rs.15/- per quarter for not maintaining minimum balance in SB/CD accounts

Service charge of Rs.25/- for return of local cheques

Service charge of Rs.25/- plus postal charge will be charged for return of inward/outward cheques

Service charge of Rs.50/- will be charged for stop payment order per instrument. Rs.250/- for range of cheques.

Service charge of Rs.100/- will be charged for closing SB account and Rs.150/- for OD/CD/CC a/c if ac  closed within six months and Rs.50/- in SB and Rs.100/- in CD/OD/CC if account closed within 12 months

Dormant account charges of Rs.25/- p.a. on CD/SB/OD/CC accounts

Paid commission and postage will be recovered from the accounts of local bodies on cheque collection

 

 

 

Insurance Charges

For gold loan, insurance charges of 0.5% for 1 year and 0.75% if period exceeds 1 year. If loan closes within and inclusive of 3 months insurance charges will be 0.25% but minimum Rs.10/-

For gold overdrafts, insurance charges of 0.50% will be charged annually.

For swarnanidhi loan/over drafts, insurance charges of 0.50% for the loan amount/OD limit during first year and 0.25% during subsequent years.

For gold loan, insurance charges of 0.5% for 1 year and 0.75% if period exceeds 1 year. If loan closes within and inclusive of 3 months insurance charges will be 0.25% but minimum Rs.10/-

For gold overdrafts, insurance charges of 0.50% will be charged annually.

For swarnanidhi loan/over drafts, insurance charges of 0.50% for the loan amount/OD limit during first year and 0.25% during subsequent years

 

 

Commission and charges related to DD

Rs.50/- will be charged on revalidation of DD exceeding Rs.100/-

For issuing duplicate DD, 50% of commission at normal rate applicable for issuing DD

For cancellation of DD :

                                 Up to Rs.1,000/-        -  Rs.25/-

                                 Above Rs.1,000/-      -  Rs.100/-

Cash Deposit in OD/CC Account - (Non - home Branch)

Upto Rs.10000/- Rs.35/- Additional Rs. 3/- per Rs.1000/- Max Rs.15000/-

Cost of Loan application form:

Application for loan upto Rs.20,000/-                                           -   Rs.10/-

Application for loan upto Rs.5,00,000/-                                        -   Rs.50/-

Application for loan above Rs.5,00,000/-                                     -   Rs.100/-

 

 

Notice, Stationery and Handling charges:

Notice charge Rs.15/- per ordinary notice and Rs.50/- per registered notice.

Handling charges of Rs.250/- will be charged on return of outward bills or cheques

 

Rs.25/- will be charged for issuing duplicate gold loan token.

Stationery charge of Rs.100/- from societies at the time of issue of loans/overdrafts/cash credit

Folio charge of Rs.10/- p.a. per folio on OD/CD/CC accounts of individuals and societies

Stationery charge of Rs.100/- will be charged for duplicate passbook of SB/CD/OD/CC/RD accounts

  Stationery charge of Rs.10/- per sheet if account extract is issued in addition to passbook
  to individuals and societies
  No dues / Balance Certificate : Rs.50/- will be charged
  Providing record copy of chequ Rs.100/- will be charged
  SMS banking alert/Mobile Pass Book/Missed call alert Rs.20/- will be charged per annum
  Locker visit more than 24 per year will be charged Rs.50/- per additional visit.
  Issue of spare leaf will be charged Rs.5/-


 

 
 
 
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