DEVIKA URBAN COOPERATIVE BANK LTD.,  UDHAMPUR

SERVICE CHARGES SCHEDULE

                                                 CHAPTER – 1

COMMISSION ON COLLECTION :

CLEAN DOCUMENTARY/DEMAND/USANCE

                                                                                     RATE PER BILL

                                       CHAPTER   -II

EXCHANGE ON REMITTANCES/

                                           CHAPTER – III

RETURNING CHARGES :

                                                   CHAPTER – IV

PURCHASE/DISCOUNT OF BILL/ CHEQUES :

Rs.6.50/- per thousand plus postage subject to minimum of Rs.50/-.

Note :

i   If a bill purchased/discounted is returned unpaid, interest @ 21% as applicable in overdraft facility shall be charged from the date of purchase/discount till the date of adjustment.

ii  If the bill is paid beyond the due date/notional due date, interest @ 21%  shall be charged from the due date till the date of realization.

* Notional Due Date is the Expected Date of Realization.

Money At Call & Short Notice (CDR) :

CHAPTER – V

COMMISSION ON GUARANTEES :

2% shall  be charged on the amount of Guarantee issued.

Note : At the time of renewal of said Guarantee, commission @1.5% shall be charged on the amount of guarantee issued.

                                            CHAPTER – VI

LEDGER FOLIO CHARGES (Incidental)

CURRENT DEPOSIT ACCOUNTS :

1. Levy charges Rs. 25/- per transaction shall be charged on account of default in non maintenance of minimum balance i.e. Rs.3100/- is required to be maintained by account holders.
2. Incidental charges Rs.30/- per folio (one side of Ledger page containing approximately 40 entries.

Note : For accounts maintained on computers, 40 entries or thereof to be treated as one folio.  

BORROWAL ACCOUNTS : (Cash Credit/Secured overdraft Accounts )

 Quaterly charges of Rs.30/- per folio subject to minimum of Rs.35/-

These charges are not applicable to Saving Bank and Demand Loan accounts.

SAVING BANK ACCOUNTS :

             Levy charges of Rs.111/- per month shall be charged on account for default in non maintenance of minimum balance i.e. Rs.2000/- is required to be maintained in account with cheque book facility and Rs.1000/- is required to be maintained in account without cheque book facility.

CLOSURE OF ACCOUNT CHARGES:

(i) Saving Account                     Rs.50/-

(ii) Current Account                   Rs. 125/-

Note: No charges shall be levied in case account is closed owing to death of the account holder.

Cash Handling Charges

The customers of  Devika Urban Co-op Bank ltd. are hereby informed that the following service charges will be levied on cash Deposits w.e.f 01 Dec, 2019

1. The new charges would apply to savings as well as Current accounts.

1. For home branch transactions, the bank will allow deposits of upto Rs100000/- (Rupees One lakh) free of cost at one go per day. Beyond this, they will be charged at the rate of Rs 2 per Rs 1,000 or Rs 50 Plus GST whichever is higher.

                                        CHAPTER –VII

STOP PAYMENT INSTRUCTIONS :

1. Rs.NIL/- per instrument for all types of accounts .
2. Rs.-NIL/- per document for stop payment of Demand Draft.

      DUPLICATE STATEMENTS/PASS BOOKS :

     Manual branches passbook with latest balance only Rs.25/- per pass book. Charges for previous entries Rs25/-per ledger page or part thereof.

    Rs.25/- per pass book at computerized branches recording latest outstanding balances only. Charges for previous entries, if required @ Rs.25/- per ledger page or part thereof.

(For accounts maintained on computer 40 entries or part thereof to be treated as one ledger page.)

STANDING INSTRUCTIONS :

i) Free transfer of instalments from SB/CD A/c to ANY A/C within the same branch.

Issuance of Duplicate Instruments on execution of Indemnity Bond etc. :

(i) For issuing of duplicate Term Deposit Receipts              Rs.50/- per instrument

(ii)For issuing duplicate demand drafts.

Upto Rs.5000/-                       Rs.50/- per instrument

Above Rs.5000/-                     Rs.50/- per instrument.

Revalidation of drafts :

    Rs.35/- per instrument.

Cancellation of Demand Drafts/Payment orders :

 Rs.50/- per instrument for Demand drafts

 Rs.50/- Per instrument for P.O.

Issue of Solvency Certificate :-

(i) Upto Rs.5.00lakh                                       Rs.3000/-

Issuance of Balance certificate/ No objection Certificate :-

Note : No charges for issue of Noc in favour of branches of our Banks.

Issuance of Application Forms :-

NIL

Cheque Book Charges :-

(i) Current a/c and Cash Credit a/c          Rs.1 per leaf (50 LEAFS)

(ii) Saving Bank a/c                                  NIL

(iii) Loose cheque charges                       NIL

 (v) Issue of TDS certificate                                             Free

(vi) Addition of Nomination not previously done           Free

(vii) Signature Verification                                             Free

                                               CHAPTER – VIII

PROCESSING CHARGES ON ADVANCES:

Processing charges shall be recovered on all Loans & advances as under :-

I% OF ADVANCE AMOUNT SHALL BE CHARGED..

No processing charges for loans sanctioned against deposits, Govt. Securities,NSCs,KVPs,IVPs.