In the News
AGM of The Greater Bombay Co-Operative Bank Ltd held on August 13, 2010

Opening of Churchgate branch


Service Charges

Service Charges - (Updates up to 10/05/2010) :
Rates in INR

Savings Bank A/c - No frills A/c Charges
Minimum Balance Rs.10/-
Charges for non maintenance thereof NIL
Greater Sadhan Saving Deposit Scheme- 
With Cheque facility
 
Minimum Balance Rs.1000/-
Greater Sweekar Saving Deposit Scheme
without Cheque facility
 
Minimum Balance Rs.500/-
Penalty  
Charges for failure to maintain minimum balance(Other than SSS A/c & Greater Premium SB A/C) Rs.111/- per quarter
Greater Premium Saving Deposit Scheme. failure to maintain average quarterly balance Rs.5000/- Rs.250/- per quarter
Other Savings Bank A/c facilities  
Issue of Duplicate Statement
Rs.34/- per page with present balance
Rs.56/- per page for previous entries.
(30 computer entries equal to one page)
Issue of loose cheque leaves NIL
Issue of duplicate pass book    
Rs.34/- per page with present balance
Rs.56/- per page for previous entries.
(30 computer entries equal to one page)  
Mode of calculation of minimum balance Daily basis (Except Greater Premium Saving Deposit)
Current Bank A/c  
Daily Minimum Balance Rs. 2,500/-
Charges for non maintenance thereof minimum charges Rs.111/- per month
Half yearly service charges to operative CA Rs.111/-
Remittance Facilities through own bank  
PO – Issue
Upto Rs.10000/-: Rs.44/-
Rs.10001/-  to Rs.100000/-:  Rs. 44/- + Rs.2.20/- per 1000 above 10000
Max 220
Rs.100001/- & above Rs.220/- + Rs.1.12/- per 1000/- above 1 lac Maximum 6618
P.O. Sr. Citizen 50% of the above P.O. charges
P.O. Students Exams fee payment to college/university Free
PO-cancellation Rs.22/-
PO-Duplicate Rs.28/-
PO-Revalidation Rs.28/-
EFT/ECS Charges- inward NIL
EFT/ECS Charges- outward NIL
Inward Return of Clearing Cheques/ECS
SB A/C:- Rs.4 per 1000 (minimum Rs.200/-)
Other Accounts:-Rs.4 per 1000 (minimum Rs.300/-)
RTGS-Outward Rs.1,00,000 to Rs. 5,00,000 = Rs.25/-   Rs.5,00,000 & above Rs.50/-
NEFT - Outward
up to 1,00,000 Rs.5/-
Rs.1,00,001/- & above  Rs. 25/-
RTGS/NEFT -Inward NIL
Remittance Facilities through other bank  
DD- Issue (HDFC / ICICI / Other Bank DD) Upto Rs.1000/- = Rs.34/-
Rs.1001/- to Rs.5000/- = Rs.45/-
Rs.5001/- to Rs.10,000/- = Rs.55/-
Rs.10001/- to Rs.100000/- = Rs.3.30 per thousand + Rs.20/-
Rs.100001/- to Rs.10.00 lakhs = Rs.330/- +Rs. 2.20/- per thousand above lakh  + Rs.20/- (Max Rs.2200/-)
Above 10.00 lakhs = Rs.2200 + Rs.2.20 per thousand above Rs.10 lakhs + Rs.20/-
Speed Clearing charges Below 1lac Nil 1 Lac & Above Rs.150- Per instrument
DD-Cancellation Rs.11/-
DD-Duplicate Rs.22.50/-
DD-Revalidation Rs.11/-
Foreign Exchange Transactions  
Remittance Outward As decided by AD time to time
Remittance Inward As decided by AD time to time
Cheque Collection  
Local N.A.
Outstation through own bank N.A.
Outstation through another bank Upto – Rs.10,000 : Rs.50/- per instrument
Rs.10,001 – Rs.100000 : Rs.100/- per instrument.
More than Rs.1,00,001 & above Rs.150/- per instrument.
Bouncing of cheques- Local (other than Loan A/c, Installment/interest)
Up to Rs.9999-Handling Charges Rs 50+ Actual postage.
Rs. 1 lacs & above -Handling charges Rs.100/- + actual postage
Bouncing of cheques- outstation- through own bank NA
Bouncing of cheques- outstation- through another bank Rs.17 + actual postage
Loans  
Loan Processing Charges
a) Commercial Loans
b) Greater four wheeler loan Scheme
c) Retail & Housing Loan
 
1% of applied loan amount.+ Service Tax
1% of applied loan amount.+ Service Tax
Upto Rs. 2.00 Lakh-Rs.1000/-(Tax inclusive )
Rs.2 Lakh to Rs.5 Lakh-Rs.2000/-(Tax inclusive)
Above Rs.5 Lakh 0.50% of the applied loan amount+ Service Tax
Renewal of existing CC & OD A/cs 0.5% of applied loan amount.+ Service Tax
Prepayment Term Loans Charges 2% on principal outstanding on full or part prepayment.
Cheque/ECS return ( installment/interest  of Grihalaxmi HL ) Rs.250/-+ Service Tax
Cheque /ECS return for other Term loan A/cs (outward)
Upto Rs.99999/-Handling charges Rs.50+actual postage.
Rs.1 lacs & above -Handling charges Rs100+ actual postage.
No due Certificate Rs.56/- per occasion
Solvency Certificate
Up to Rs.3 Lacs : Rs.500/-+ Services Tax
Rs.3 to Rs.5 Lacs : Rs.750/-+ Services Tax
Rs.5 to Rs.10 Lacs : Rs.1500/-+ Service Tax
Rs.10 to Rs.25 Lacs : Rs.3000/-+ Service Tax 
Rs.25 toRs. 50 Lacs : Rs.5000/-+ Service Tax 
Above 50 lacs to 100 Lacs:Rs.7500/-+ST
Above Rs.100 laces: 10000/-+Service Tax
Charges for late payment of EMI (Grihalaxmi HL) Loan amount up to 5 Lakh : 250 p.m. + ST
Loan amount up to 5 Lakh to 10 lakh : 500 p.m. + ST
Loan amount up to 10 Lakh to 30 lakh : 750 p.m. + ST
Loan amount up to 30 Lakh to 50lakh : 1000 p.m. + ST
Property Documents retrieval charges Rs.200 + Service Tax
Swapping PDCs Rs.250 + Service Tax
Duplicate Statement Charges (Loans) Rs.100 + Service Tax

ATM SERVICES

 

Replacement charges of ATM Card

 Rs.112/-
Use of Greater Banks ATM'S Nil
Use of BANC'S ATM'S across the countary  
a.Cash Withdrawals (Saving Bank A/C)  
-Upto 5 Withdrawals per month Nil
 -Above 5 Withdrawals per month  Rs.20/- per withdrawal
b.Other Accounts (CC/OD/Current Deposit A/C)  Rs.20/- per withdrawal
Balance Enquiry – (BANCS Network) Nil
MISCELLANEOUS  
Balance enquiry Nil
Balance Certificate Charges Rs.22.50/- per certificate for individual.Rs. 34/- per certificate for other
Account closure charges S.B A/c Rs.111/- closed within one year. Rs.56/- after one year
CA A/c Rs.111/- closed within one year. 56 after one year
Signature attestation charges, per document Rs.12/-
Stop Payment Charges SB Rs.28/-, CA Rs.56/-
Inoperative charges SB Rs.56/- per half year.
CA Rs.111- per half year.


Locker Rent :
Rates in INR

Locker Type Locker Size Revised Rent p.a.*
A A 950
B B 1,500
C 2A+ 2,000
D D 2,200
H1 2B+ 3,000
E 2B+ 3,000
F 4A+ 4,300
G 2D+ 4,400
H 4B+ 6,000
L2 4D- 9,000
L/J/K 4D+ 11,000
*Inclusive of Service Tax.


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