bhagyalakshmibank.com

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Deaf Account

Nanded

ho@bhagyalakshmibank.com

Mon to Sat
10.30 am to 2.30 pm
3.00 pm to 5.30 pm
Holiday on 2nd and 4th Saturday and every Sunday bank is closed

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Service Charges

Below is a comprehensive list of service charges applicable for various banking services at Bhagyalakshmi Mahila Sahakari Bank:

Service Charges

Saving Account Charges
For opening a savings account, the deposit charges are as follows:

  • Without Cheque Book: Rs. 500/-
  • With Cheque Book: Rs. 1000/-
  • Cheque Book Charge per Cheque: Rs. 4/-
  • For Students: Rs. 100/-
  • For Students: Rs. 100/-  
  • Incidental Charges : Rs.125/- + GST (Yearly) 
  • ATM Charges : Rs. 200/- + GST 
  • SMS Charges for Per SMS : 0.40 Pasie (With GST)                   
  • Mandate Service Charges (Yearly) : Rs. 400/- + GST 

Additional charges include:

  • Issuing Duplicate Passbook: Rs. 100/-
  • Inward Cheque Return: 400/- + GST (For Any Reason)
  • Outward Cheque Return: 400/- + GST
  • Per Page Statement: 10/- + GST
  • Closing Savings Account within a Year: 200/- + GST & (For Students – No Charges )

Current Account Charges
For opening a current account, the minimum balance required is Rs. 2000/-. The charges include:

  • Cheque Book Charge per Cheque: Rs. 4/-
  • Incidental Charges : Rs. 200/- + GST (Quarterly)
  • Inward Cheque Return: Rs.400/- + GST (For Any Reason)
  • Outward Cheque Return: Rs.400/- + GST
  • Duplicate Account Extract Charge per Page: Rs.10/- + GST
  • If Minimum Balance is not maintained in six months : Rs.400/- + GST should be Charged
  • Closing Current Account within a Year: Rs.500/- + GST
  • ATM Charges : Rs. 200/- + GST
  • SMS Charges for Per SMS : 0.40 Pasie  (With GST)
  • Mandate Service Charges (Yearly) : Rs. 400/- + GST

Recurring Deposit 

The date of opening the recurring account by the account holder will be the monthly installment due date. If the amount is paid up to five days after the installment due date, there will be a grace period and even if the amount is paid in that month after the grace period ends, no interest will be charged on the installment amount for that month. Also, instead of deducting the penalty amount from the amount due after the due date.

Instructions for all types of deposits

To include a new name in the name of all deposits, charges of Rs. 100 (plus GST) should be levied for reducing the name.A charge of Rs. 200 (plus GST) should be levied while issuing deposit receipts, recurring deposits and passbook duplicates.

Hypothecation CC Charges
For hypothecation cash credit accounts, the charges are:

  • Per Cheque Charge: Rs. 4/-
  • Inward Cheque Return: Rs.400/- + GST (For Any Reason)
  • Outward Cheque Return: Rs.400/- + GST
  • Duplicate Account Extract Charge: Rs. 10/-

F.D.O.D, SOD, Clean Cash Credit Charges

  • Charges for inward and outward cheque returns are : Rs.400/- + GST

Loan Charges

  • Microfinance Loan Application Charges : 100/- + GST
  • Other Loan Application Charges : 400/- + GST

Loan processing and documentation charges include                                       

    • For all types of new limits and term loans (except warehouse loans) : 0.80% plus GST 
    • For all types of renewal limits : 0.50% plus GST
    • For warehouse loans per lakh : Rs.100/- plus GST
    • For micro loan accounts up to Rs.50,000/- : Rs.100/- plus GST

Visit Charges

  • Term Loans below Rs. 9.99 lakh (Annually) : Rs. 200/- + GST
  • Term Loans above Rs. 10.00 lakh (Annually) : Rs. 1000/- + GST  ( excluding Gold Mortgage Term Loans, NSC Loans, LAD Loans, Participation Loans etc.) (once in twelve months)
  • Hypo.CC. and Limit Loans (excluding   Quarterly Gold Mortgage Limit Loans, FDOD Loans, Participation Loans etc) (once in three months)
  • Up to Rs. 9.99 lakhs :  Rs. 250/- + GST
  • Rs. 10.00 lakhs to Rs. 50.00 lakh : Rs. 300/- + GST
  • Rs. 50.01 lakhs to Rs. 100.00 lakhs : Rs. 400/- + GST
  • Rs. 100.01 lakhs to Rs. 300.00 lakhs : Rs. 500/- + GST 
  • For amounts above Rs. 300.01 lakhs : Rs. 600/- + GST
  • Loan Against Property Limit Loan as well as Clean Cash Credit Limit Loan Annually (once in twelve months) : Rs. 1000/- + GST

Bank Guarantee Charges
For bank guarantees, the charges are:

  • Sanctioned Amount Up to Rs.1,00,000/- : Rs.1000/- + GST
  • Sanctioned Amount Up to Rs.1,00,000/- to Rs.5,00,000/- : Rs.2000/- + GST
  • Sanctioned Amount above Rs.5,00,000/- : Rs.500/- + GST 
  • Bank Guarantee sanctioned by HO has 3% + GST Commission in that.
  • Bank Guarantee given by other banks HO can take Commission in that as per the Decission of Hon. Board of Director

Solvency Charges
For solvency certificates, the charges are:

  • Up to Rs. 500,000: Rs. 2000/-
  • Per Lakh on Amount Above Rs. 500,000: Rs. 500/- + GST. Also Maximum Charges will be Rs.25,000/- + GST

Encumbrance record and credit information report Charges under SARSAI

The Registration fee for registration of encumbrance under SARSAI Will be Rs.400/- + GST

Individual CIBIL Charges of borrower and Guarantor will remain at Rs.100 + GST

CIBIL Charges for Commercial loans will be Rs.800 + GST

Penal Charges 

Penalty Charges  of 3% + GST should be levied every month of term Loans as per the lending policy set by the Bank.

Loan Review Charges

(For Account Type 164,167 on Property Mortgage, 168, 170, 171, 172, 173, 175, 179, 188, 288, 289)

    • Up to Rs. 1 Lakh: Rs. 500/-
    • Above Rs. 1 Lakh and up to Rs. 2 Lakh: Rs. 750/-
    • Above Rs. 2 Lakh and up to Rs. 3 Lakh: Rs. 975/-
    • Above Rs. 3 Lakh and up to Rs. 4 Lakh: Rs. 1200/-
    • Above Rs. 4 Lakh and up to Rs. 5 Lakh: Rs. 1325/-
    • Above Rs. 5 Lakh and up to Rs. 6 Lakh: Rs. 1625/-
    • Above Rs. 6 Lakh and up to Rs. 7 Lakh: Rs. 1825/-
    • Above Rs. 7 Lakh and up to Rs. 8 Lakh: Rs. 2100/-
    • Above Rs. 8 Lakh and up to Rs. 9 Lakh: Rs. 2325/-
    • Above Rs. 9 Lakh and up to Rs. 10 Lakh: Rs. 2550/-
    • Above Rs. 10 Lakh and up to Rs 99.99 Lakh: Rs. 3000/-
    • Above Rs. 100 Lakh and up to Rs 199.99 Lakh: Rs. 3500/-
    • Above Rs. 200 Lakh and up to Rs 299.99 Lakh: Rs.4000/-
    • Above Rs. 200 Lakh and above : Rs. 4500/-

IBC and OBC Charges
Charges for IBC and OBC transactions are:

  • Up to Rs. 1,000: Rs. 20/-
  • Rs. 1,001 to Rs. 5,000: Rs. 50/-
  • Rs. 5,001 to Rs. 10,000: Rs. 100/-
  • Rs. 10,001 to Rs. 100,000: Rs. 200/-
  • Above Rs. 100,001: Rs. 300/-

Pay Order Charges
Charges for pay orders are as follows :

  • Per thousand Rs. 2.00 + GST
  • Maximum Charges will be Rs.5000/- + GST

Demand Draft (DD) Cancellation Charges
The minimum fixed charge for  cancelling a DD is Rs. 200/-.

Shares Certificate / Identity Card

  • For Duplicate Shares Certificate – Rs .200/- + GST
  • For New I-Card / Duplicate I-Card – Rs.100/- + GST

Stop Payment Charges

  • The stop payment charge per cheque is Rs. 100/-

Other Charges
Miscellaneous charges include:

  • Missing Token: Rs. 300/-
  • LC (Local Connection) Charges:
    • Up to Rs. 100,000: Rs. 100/-
    • Above Rs. 100,000: Rs. 150/-
  • ECS Clearing Charges  ( Per Trx) : Rs.400/-+GST
  • Charges for Other Bank ATM Card and More than Five Transactions per Month: Rs. 20/-

NEFT (Including GST)

  • Upto 1,00,000 : Rs.5/-
  • Rs. 1,00,000 – Rs.2,00,000/-  : Rs.15/-
  • Above Rs.2,00,000/- : Rs.25/-

RTGS (Including GST)

  • Rs. 2,00,000– Rs.5,00,000/- : Rs.25/-
  • Above Rs.5,00,000/-  : Rs.50/-
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