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The Jain Sahakari Bank Ltd

Banking in Jain Way

Service Charge

Service Charge

SERVICE CHARGES AS APPLICABLE   FROM 01.04.2024 

 

 Sr.No.SERVICE CHARGES AS APPLICABLE
FROM 01.04.2024 		(GST Extra)
1Deposit Related Transactions :Charges
1.1Ledger Folio Charges (Only for Current & Overdraft A/c s):Rs.0.30 per entry
 To be charged 1/2 yearly or at the time of closing/  
 transfering a/c. per page consisting 40 entries (Stationary Charges) 
   
1.2Duplicate Pass Book / Statement: 
 With only last balance entryRs.100.00
 With previous entries of 40 entries per pageRs.30.00
 in addition to above. 
1.3Cheque Book Charges (while issuing): 
 Per Cheque leaf of Current Account/Savings
Account 		Rs.2.00
 (In SB A/c 30 Cheques per year are to be issued
free of cost)		 
   
 No Charges for Jain Gold  Saving Account & Jain Gold Current Account. 
1.4Accounts Closing Charges: 
 S.B. A/cRs.75.00
 Current A/cRs.100.00
1.5Dormant A/c Charges ): 
 S.B. A/cRs.10.00
(1/2 yearly)
 Current A/cRs.20.00
(1/2 yearly)
1.6Minimum Balance Charges
(Monthly Prorate of actual shortfall):		 
 S.B. A/c     – 
Rs.1000/-		Rs.50.00
 Current A/c  – Rs.2500/-Rs.100.00
 (No Charges in A/c
Classified as In-operative)		 
1.7Stop Payment Charges (Per
Instrument):		 
 S.B. A/c    Rs.100.00
 Current A/c  Rs.150.00
1.8Standing Instructions: 
 Per transactionRs.25.00
 No Charges are to be levied for transfer from  
 Current / OD/SB to RD A/cs or Loan A/cs 
1.9Confirmation of Signatures : 
 Irrespective type of A/cRs.100.00
1.10Issue of Certificates (NOC/NDC/Certificate of Balance/
Certificae of Interest charged on
 Loan or advances / Cheques honored Per Certificate 
 (No charge for issue of certificate of Interest paid on deposits)Rs.100.00
   
1.11Enquiry of Old Transaction 
 Transactions of more than a year old  Rs.100.00
1.12Issue of Duplicate Deposit Receipts: 
 Per ReceiptRs.100.00
1.13Half yearly Charges
(Current /Overdraft a/cs)		 
 (Incidental A/c Maintenance Charges)Rs.100.00
 For Operative A/c only 
1.14Loss of Tokens:  
 Per tokenRs.100.00
1.15Fate Enquiry : 
 Per enquiry Rs.100.00
 Plus out of Pocket expenses 
2Remittances: 
2.1Issue of Pay Orders/ Bankers Cheques against  
 Amount 
 Upto Rs.1000/-Rs.20.00
 Upto Rs.10000/-Rs.30.00
 Above Rs.10000/-  up to Rs.100000/-Rs.30.00
plus @Rs.1/-
  per 1000/- above 10000/-
 Above Rs.100000/-Rs.120.00
plus @Rs.1/-
  per 1000/- above 100000/-
  (Minimum Rs.120/- Maximum
Rs.2000/-)
2.2Cancellation/ Revalidation/ Issue of Duplicate Pay
Order:		 
 RevalidationRs.25.00
 CancellationRs.30.00
3COLLECTION 
3.1Collection of Inward / Outward Cheques & Bills (Outstation): 
 Up to and including Rs.10000/-Rs.50.00
per Instrument
 Above Rs.10,000/- and up to
& including Rs.100000/-		Rs.100.00
per Instrument
 Above Rs.100000/- to
Rs.500000/-		Rs.500.00
per Instrument
 Above Rs.500000/- to
Rs.700000/-		Rs.1000.00
per Instrument
 Above Rs.700000/- to
Rs.1000000/-		Rs.3000.00
per Instrument
 Above Rs.1000000/- Rs.5/-
per 1000 maximum 8000/-		Rs.5.00
per 1000/- max.8000
 (Other Bank Charges, Postage & out of
pocket  		 
 charges are extra) 
3.2Dishonor of Inward/ Outward Bills/ Cheques: 
3.2.1If cheques are drawn on our branches charges (local) Outward Return: 
 S.B A/cs  (up to Rs.1.00 Lakh)Rs.300.00
per instrument
 Current / Overdraft A/cs (up to Rs.1.00 Lakh)Rs.300.00
per instrument
 For Amounts above Rs.1.00 Lakhs (All type of accounts)Rs.500.00
per instrument
 OUTWARD BILLS / CHEQUES 
3.2.2If cheques are drawn on other local banks Charges (local) Outward Return 
 S.B. A/c, Current A/c & Overdraft A/cRs.100.00 Per Instrument
+ 
  0.06% of the amount
 ECS/NACH Return Debit CreditRs.300.00
per transaction
  irrespective of type of
account
3.2.3If cheques are drawn outside the city:50% of normal collection
charges
3.2.4Inward/ Outward Bills (Outstation / Local) charges:50% of normal collection
  charges
4Purchase of Cheques / Discount of Bills : 
4.1Cheques Rs.35/-
per instrument
4.2BillsRs.100/-
per instrument
 (Interest @14% p.a. for period of collection extra) 
5Safe Deposit Lockers 
5.1Locker Rent 
 Rent on Lockers to be collected annually in advance 
 TypeRevised Rent
 A1000.00
 B1200.00
 C1300.00
 D1500.00
 E1900.00
 F2300.00
 G2400.00
 H13300.00
 H21600.00
 L4000.00
5.2Locker Applications : 
 Per application /  Registration ChargesRs.300.00
 Visit / Operation Charges (whenever visit/ operationRs.50.00
 exceeds 10 in quarter.)per visit /operation
 Surrender ChargesNIL
 Late payment of Rent Charges:Rs.50/-
per month
 Break Open Charges: Rs.1000
handling charges
  in addition to actual
  charges of Vendor
6Solvency Certificates 
   The following charges are to be collected for issue of solvency certificates. 
 AmountCharges in Rs.
 Upto Rs.5.00 Lakhs1000.00
 Upto Rs.10.00 Lakhs1200.00
 Upto Rs.25.00 Lakhs1600.00
 Upto Rs.50.00 Lakhs2200.00
 Above Rs.50.00 Lakhs3500.00
7Advances : 
7.1Loan Application FormNIL
7.2Processing Charges (For New & Enhancement Proposals) 
 Processing Charges are to be collected in advance at following rates 
 Amount of Proposal 
 Upto Rs.25000/-100.00
 Above Rs.25000/- up to
Rs.50000/-		200.00
 Above Rs.50000/- up to
Rs.100000/-		500.00
 Above Rs.100000/-0.5% of
the Loan/ OD Amt.
 Renewal of OD above Rs.100000/-75% of the normal 
  Processing Charges
 No Processing Charges are to be collected for advacnes
against bank’s own deposits
7.3Delivery / Pledge of LIC/
NSC etc.:		 
 Per delivery / pledge/ assignment/ reassignmentRs.25.00 per Instrument             
 Out of pocket expenses are to be collected extra. 
7.4Replacement of Shares
& Securities / Service charges 		Actual
Charges to be
 for replacement of Shares:collected
7.5Service Charges on Vehicle Loans: 
 Service Charges on Vehicle Loans to be collected as  
 follows 
 Hypothecation of VehicleRs.100.00
 Permit Renewal letterRs.100.00
 Insurance RenewalRs.100.00
7.6Inspection ChargesActual Expenses to be 
  collected from the Borrower
7.7Godown Inspection Charges: 
 LimitCharges in Rs.
 Up to 2.00 Lakhs250.00
 Up to 5.00 Lakhs300.00
 Up to 10.00 Lakhs450.00
 Up to 20.00 Lakhs600.00
 Up to 50.00 Lakhs800.00
 Above Rs.50.00 Lakhs1200.00
 (Actual Outstation Travel
Charges extra)		 
8Bank Guarantees: 
8.1Charges for Bank Guarantees are as follows :  
 Secured by Bank’s own deposit0.75% 
p.a.
 Secured by other assets2.50% Per Annum
 Unsecured Protion3.00% Per Annum
 These Charges are to be
collected in advance in addition to Rs.200/- as fixed service charges.		 
8.2Extension of Bank Guarantee: 
 Fixed Service Charges of Rs.100/- per extension in Rs.100.00
 addition to the p.a.charges as above. 
 All out of Pocket expenses are to be collected in addition to the above. 
9Tax Payments:Rs.300.00
per party PA
10Cash Handling charges : (CA / OD Accounts) 
10.1Cash Deposit Charges0.10%
deposit on when cash 
  deposited exceed Rs.1.50
  Lakhs per day.
10.2Cash WithdrawalRs.150000/- and above to be
  charged @0.10% 
on amount.
  of withdrawal
11Charges for NEFT & RTGS as per RBI Circulars:
MAXIMUM CHARGES		 
 Up to Rs.10,000/-Rs.2/- +
GST
 Rs.10001/-  to 
Rs.99999/-		Rs.5/- +
GST
 Rs.100000/- to Rs.199999/-Rs.15/- +
GST
 Rs.200000/- to Rs.499999/-Rs.25/- +
GST
 Rs.5.00 Lakhs & aboveRs.50/- +
GST
 No Charges for Jain Gold
Savings Account & Jain Gold Current Account.		 
12SMS Charges 
 SAVINGS / CURRENT / OVERDRAFTRs.0.30 per 
SMS subject
  to Maximum of Rs.100/-
  qaurterly. 
No recovery 
  if calculated charges are
  below Rs.1/-
13PENALTY FOR PREPAYMENT OF
LOAN		1% of loan outstanding
in 
  case of prepayment of loan
  for fixed rate of
Interest 
 NOTE :  Above Charges are exclusive of GST. 

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