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Service Charges

S/No Particulars Service Charge + Tax  and Others as Applicable from time to time
DEPOSIT SECTION - Savings
1 Average Minimum Quarterly Balance
  1. Savings Account
  2. Rs.1,000/- with Cheque book facility.
  3. Rs.500/- without cheque book facility.
2 Charges for Non-Maintenance of Minimum Balance Charges are Rs.20/- per day per transaction.
3 Issue of Duplicate Pass book Rs.100/- with latest balance + Rs.10/- per page for previous entries.
4 Cheque Book Charges Rs.20/- for single cheque book. Rs.100/- per extra cheque book at a single time.
5 Photo Attestation Rs.10/- per photo.
6 Signature Attestation for ECS Rs. 100/-.
7 Signature Attestation For obtaining loans from other financial institutions Rs.100/- per attestation.
8 Bouncing of Cheque – Local / ECS (issued by our customer) Rs. 100/- per instrument for cheque amount below Rs.1.00 lakh.
Rs.100/- + Re.0.50 per Thousand for cheque amount above Rs.1.00 lakh.
Above mentioned charges are also applicable for return of ECS.
9 Dormancy/Inoperative Account Activation Charge Rs 100
10 Balance Certificate Rs 50/-
11 Service Charge
  1. Rs 50 annual maintenance fee per annum
  2. Rs 100/- on half-yearly basis towards inoperative account
12 Issue of Account Statement Rs 50 per page
13 Transfer of Account Rs 100 (Inclusive of Postal Charges)
14 Stop Payment Instruction Rs 50 Per Instrument/Instruction
15 Account Closure If closed within three months
  1. Rs 100 without Cheque Book
  2. Rs 200 with Cheque Book
Current Account
1  Average Minimum Quarterly Balance Rs 1,000/-  
2 Charges for Non-Maintenance of Minimum Balance Charges are Rs.50/- per day per transaction.
3 Issue of Duplicate Pass book Rs.100/- with latest balance + Rs.10/- per page for previous entries.
4 Cheque Book Charges Rs.20/- for single cheque book. Rs.100/- per extra cheque book at a single time.
5 Photo Attestation Rs.10/- per photo.
6 Signature Attestation for ECS Rs. 100/-.
7 Signature Attestation For obtaining loans from other financial institutions Rs.100/- per attestation.
8 Bouncing of Cheque – Local / ECS
(issued by our customer)		 Rs. 100/- per instrument for cheque amount below Rs.1.00 lakh.
Rs.100/- + Re.0.50 per Thousand for cheque amount above Rs.1.00 lakh.
Above mentioned charges are also applicable for return of ECS.
9 Balance Certificate Rs 50/-
10 Service Charge Rs 50 annual maintenance fee per annum
Rs 100/- on half-yearly basis towards inoperative account
11 Issue of Account Statement Rs 50 per page
12 Transfer of Account Rs 100 (Inclusive of Postal Charges)
13 Stop Payment Instruction Rs 50 Per Instrument/Instruction
14 Account Closure Rs 200, If closed within one year
Term Deposit
1 Issue of Duplicate Certificate Rs 100 per case
2 Penal Interest for Delayed Instalments Rs 2.00 per Rs 100
LOAN SECTION
1 Loan Application Form Rs 100 per form.  
2 Processing Fee/Charge
  1. Govt. Sponsored scheme Rs 100 per case
  2. Fresh Loan 1% of Loan amount
  3. Renewal 0.50% of Loan amount
3 Issue of Duplicate Pass book Rs.100/- with latest balance + Rs.10/- per page for previous entries.
4 Cheque Book Charges Rs.20/- for single cheque book. Rs.100/- per extra cheque book at a single time.
5 Non-Submission of Stock Statement Rs 200 per month
6 Penal charge for late payment of EMI 1% p.a. for the amount in default for the days of default.
7 Pre payment for charge for Term Loan Rs 1,000 or 2% flat on o/s balance, which ever is higher
8 NoLiability/ Dues Certificate Rs 100 per case
9 Bank Guarantee 0.75% per quarter or part thereof with a minimum of 3% p.a.
Note: Bank Guarantee should be back by a margin of 100% as Fixed Deposit.
10 Commitment Charge for C.C limit 10% of sanctioned limit, if utilization is below 10% of sanctioned limit.
11 Solvency Certificate
Upto Rs 5 lakhs Rs 2,000
Above Rs 5 lakhs – Rs 10 lakhs Rs 2,500
Above Rs 10 lakhs to Rs 50 lakhs Rs 5,000
Above Rs 50 lakhs Rs 10,000
12 Stop payment of Cheques CC/ODs Rs 100 per instances
REMMITTANCE  FACILITIES
1 Issue of Demand Drafts
  1. Rs 20 up to Rs 1,000
  2. Rs 20 + 1.00 per thousand thereafter
2 Cancellation of Demand Draft Rs 100 per cancellation
3 Duplicate Demand Draft Rs 200 per Demand Draft
4 Revalidation of Demand Draft Rs 100 per Demand Draft
CHEQUE COLLECTIONS
Upto Rs 10,000 Rs 50
Rs 10,001 – Rs 1,00,000 Rs 100
Rs 1,00,001 & Above Rs 150
1 Local Collection Nil
2 Out Station Rs 25 per instrument 
3 Cheque Return Insufficient Funds Rs 200 per instances
BILL COLLECTIONS
1 Upto Rs 5,000 Rs 50
2 Above Rs 5,000 – Rs 10,000 Rs 75
3 Above 10,000 – Rs 1,00,000 Rs 125
4 Above Rs 1,00,000 – Rs 5,00,000 Rs 250
5 Above Rs 5,00,000 Rs 300
RUPAY DEBIT CARD RELATED CHARGES
1 Debit Card issuance charges Rs 150/- (including GST)
2 Debit Card Annual maintenance Charges (Recovered at the beggining of the 2nd year onwards) Rs 200/- (including GST)
3 Debit Card Replacement Charges Rs 200 (including GST)
4 Duplicate Pin/Regeneration of PIN Rs 100 (including GST)
5 Transaction Charges at MCAB Ltd. ATM Free
6 Transaction Charges at Other Bank ATM‘s Free upto-5 times (Savings Account) Only
7 Balance Enquiry Free
8 ATM declines due to insufficient funds Rs 50 per instances
9 SMS/Email Alert Rs 20 per month
10 Utility Bill Payment-Net Banking Rs 10 per transaction
11 Financial Transaction Rs 25 (including GST)
12 Non-Financial Transaction Rs 10 (including GST)
13 Point of Sale (POS)/ e-Commerce Transactions Nil
INTERNET BANKING RELATED CHARGES (On ICICI Gateway)
1 IRTC Fee Rs 25 Plus GST
2 Online Air Ticket Booking Rs 50 Plus GST
3 Others i.e. Income Tax, GST Payment Rs 50 Plus GST
ELECTRONIC TRANSFER CHARGES
Inter Core Charges between our Branches
1 Transfer between MCAB Branches Local/Outstation Nil
Cash Transaction between MCAB Branches Local/Outstation
1 Deposit of Cash at Non-Home CBS Branches Rs 2/- per 1000/- Min Rs 50 per transaction
2 Encashment of Cheque at Non-Home Branches Free upto Rs 10,000Rs 2/- per 1000 above Rs 50,000/-
RTGS / NEFT transaction Charges
RTGS AMOUNT (8:00 am - 3:30 pm) Charges
1. Rs. 2,00,000 - 5,00,000 Rs. 25 + GST
2. Above Rs. 5,00,000 Rs. 50 + GST
 
NEFT AMOUNT (8:00 am - 6:30 pm) Charges
1. Rs. 1 - 10,000 Rs 2.5 + GST
2. Rs. 10,001 - 1,00,000 Rs. 5 + GST
3. Rs. 1,00,000 - 2,00,000 Rs. 15 + GST
4. Above Rs. 2,00,000 25 + GST
OTHER AREAS
1 Nominal Membership Nominal Fee Rs. 500
Form Rs 20
Admission Fee Rs 20
2 Share Application Form Rs 100
Value per Share Rs 100
Minimum Share 50
3 Zero Balance Account  
4 Loan Application Form Rs 100 per Form