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Service Charges

Service Charges effective from 01/04/2022
Sr.No. Particular / Nature of Service Basis
Excluding GST Remarks Charges applicable manually/ through CBS Periodicity of applicable charges
Mahesh Bank
Criteria Charges (₹)
1 Minimum Balance No Frill Saving A/c Balance Zero - - N.A. N.A.
Regular Saving A/c (Without Cheque Book) 500.00 - - N.A. N.A.
Regular Saving A/c (With Cheque Book) 1,000.00 25.00 On day Of Transaction if Closing Balance is Below Minimum Required Balance [Per Incidence] CBS Monthly
Regular Current A/c 3,000.00 25.00 On day Of Transaction if Closing Balance is Below Minimum Required Balance [Per Incidence] CBS Monthly
2 Average monthly balance maintenance Current A/c If minimum balance is not maintained - - N.A. N.A.
Savings A/c - - N.A. N.A.
3 Inoperative / Dormant A/c Saving A/c As per RBI Norms - As per RBI M.C. Maint. Of Dep. Accts. Dtd. 01.07.2015- 5.5(xv) N.A. N.A.
Current A/c As per RBI Norms - As per RBI M.C. Maint. Of Dep. Accts. Dtd. 01.07.2015- 5.5(xv) N.A. N.A.
4 Cheque Book Issue Saving A/c Per Leaf 2.50 2 Cheque Books of 25 Leafs Free In a Financial Year & Thereafter charges applicable. CBS At the time of issuance
Current A/c Per Leaf 2.50 - CBS At the time of issuance
Cash Credit / TPO / CFD ETC. Per Leaf 2.50 - CBS At the time of issuance
5 Duplicate Pass Book / Account Statement / Cheq. Trans. Image / Information/ Ledger Folio Charges Saving A/c Per Pass Book 50.00 - Manually At the time of issuance
Current A/c Per Page 15.00 - Manually At the time of issuance
Cash Credit / TPO / CFD / Other Loans Per Page 15.00 - Manually At the time of issuance
6 Demand Draft / Pay Order Pay Order Upto 1,000 10.00 - CBS At the time of issuance
1,001 TO 20,000 20 - CBS At the time of issuance
20,001 & Above Rs.0.50/Thousand (Min. 25.00) Max. 3,000 CBS At the time of issuance
HDFC Upto 1,000 10.00 - CBS At the time of issuance
1,001 TO 20,000 20 - CBS At the time of issuance
20,001 & Above Rs.0.50/Thousand (Min. 25.00) - CBS At the time of issuance
State Bank of India upto 5,000.00 50.00 - Manually At the time of issuance
ABOVE 5,001.00 UPTO 10,000.00 100.00 - Manually At the time of issuance
ABOVE 10,001.00 UPTO 1,00,000.00 5.00 Per Thousand or Part thereof Min 100.00 Manually At the time of issuance
ABOVE 1,00,001 5.00 Per Thousand or Part thereof Minimum Rs.1,000.00 Maximum 10,000.00 Manually At the time of issuance
Demand Draft / Pay Order (IF PURCHASED IN CASH) On Any Bank Per Thousand or Part thereof 2.50 Per Thousand or Part thereof Minimum 25.00 CBS At the time of issuance
Demand Draft / Pay Order Revalidation & Cancellation Per Demand Draft / Pay Order 50.00 - Manually At the time of issuance
Duplicate Demand Draft / Pay Order Per Demand Draft / Pay Order 50.00 - Manually At the time of issuance
7 Cheque / Draft Discounting Cheque / Demand Draft / Pay Order / Banker's Cheque Discounting Per Thousand or Part thereof 2.50 Per Thousand or Part thereof Per Day Minimum Rs.25.00 Per Instrument, GST Not Applicable as received in interest form Manually At the time of discounting
8 Stop Payment Charges Savings, Current, CC/OD Cheque Per Instrument 25.00 Per Instrument CBS At the time of instruction
Pay Order / HDFC / SBI / Any other Nationalised Bank - DD Per Instrument 50.00 Per Instrument Manually At the time of instruction
Cancellation / Revocation of Stop Payment Savings, Current, CC/OD Cheque Per Instrument 25.00 Per Instrument Manually At the time of instruction
Pay Order / HDFC / SBI / Any other Nationalised Bank - DD Per Instrument 50.00 Per Instrument Manually At the time of instruction
9 Against Cheque Clearance Payment (Clearing Against)(GST not applicable as received in interest form) Only for Savings and Current A/c Per Thousand or Part thereof 3.00 Per Thousand or Part thereof Minimum 25.00 Per Day CBS At the time of incidence
CC against FD/FDCC Per Thousand or Part thereof 2.00 Per Thousand or Part thereof Minimum 25.00 Per Day CBS At the time of incidence
10 OBC Collection Charges If Cheque is Realised Upto 5,000.00 25.00 As per RBI M. C. 20.4-B on Customer Services dated 01.07.2015, Per Instrument Manually At the time of incidence
5,001.00 To 10,000.00 50.00 Manually At the time of incidence
Rs 10,001.00 To 1,00,000.00 100.00 Manually At the time of incidence
Above 1,00,000.00 Rs.150.00 (+) Rs. 50.00 Postage (+) Other Bank Commission Per Instrument Manually At the time of incidence
11 OBC Collection Charges If Cheque is Returned Upto 5,000.00 25.00 As per RBI M. C. 20.4-B on Customer Services dated 01.07.2015, Per Instrument Manually At the time of incidence
From 1,001 TO 10,000.00 50.00 Manually At the time of incidence
From 10,001.00 TO 1,00,000.00 100.00 Manually At the time of incidence
Above 1,00,000.00 Rs.150.00 (+) Rs. 50.00 Postage (+) Other Bank Per Instrument Manually At the time of incidence
12 IBC Collection Charges If Cheque / Bill is Realised
* In case of Payment through NEFT/RTGS/DD take commission as applicable for NEFT/RTGS/DD		 Upto 1,000 Rs. 10.00 (+) Rs. 50.00 Postage and Stationary Per Bill/Instrument Manually At the time of incidence
From 1,001.00 TO 10,000.00 Rs. 20.00 (+) Rs. 50.00 Postage Per Bill/Instrument Manually At the time of incidence
10,001 & Above Applicable DD Comm. (+) Postage & Stationery Charges Rs 50.00 (Minimum Rs 50.00) Per Bill/Instrument Manually At the time of incidence
If Cheque / Bill is Returned Per Cheque / Bill Applicable Postage Charges + Handling Charges Rs. 50.00 Per Bill/Instrument Manually At the time of incidence
13 Cheque / ECS Return Charges Cheque Drawn On Us Return Unpaid Per Thousand 2.00 Only in cases where the Customer is at fault and is responsible for such return/s.
Minimum Rs. 100.00
Maximum Rs. 500.00		 CBS At the time of incidence
Cheques deposited with us, returned unpaid. Savings A/cs Per Instrument 50.00 Only in cases where the Customer is at fault and is responsible for such return/s. CBS At the time of incidence
Current and CC/OD A/cs Per Instrument 100.00 Only in cases where the Customer is at fault and is responsible for such return/s. CBS At the time of incidence
ECS Return Per Thousand 2.00 Only in cases where the Customer is at fault and is responsible for such return/s.
Minimum Rs. 100.00
Maximum Rs. 500.00		 CBS At the time of incidence
13 RTGS / NEFT RTGS 2 Lac To 5 Lac 25.00 As per RBI Cir. Dtd. 04/02/2016 CBS At the time of incidence
Above 5 Lac 50.00 As per RBI Cir. Dtd. 04/02/2017 CBS At the time of incidence
NEFT Upto 10,000.00 2.50 As per RBI Cir. dtd. 13/07/2012 CBS At the time of incidence
From 10,000 To 1 Lac 5.00 As per RBI Cir. dtd. 13/07/2013 CBS At the time of incidence
From 1 Lac To 2 Lac 15.00 As per RBI Cir. dtd. 13/07/2014 CBS At the time of incidence
Above 2 Lac 25.00 As per RBI Cir. dtd. 13/07/2015 CBS At the time of incidence
RTGS/NEFT Through internet banking - - - - -
15 ATM Card Charges New ATM card Issue Charges First Time FREE - - -
Duplicate ATM card Issue Charges Per ATM Card 100.00 - Manually At the time of incidence
Duplicate Pin mailer Issue Charges Per Pin mailer 50.00 - Manually At the time of incidence
Replacement of Damaged ATM Card Per ATM Card 100.00 - Manually At the time of incidence
Cash withdrawal Charges after 5 Transaction Per Transaction 21.00 As per RBI Cir. dtd. 10/06/2021 CBS At the time of incidence
For Non Financial Transaction - Balance inquiry, Minimum Statement Per Enquiry 10.00 - CBS At the time of incidence
ATM Card Annual Maintenance charges Per ATM Card 120.00 - CBS Annually
If cash <10000 withdrawal at Branch - - - - -
ATM Card destroy charges due to non collection Per Card 100.00 - Manually At the time of incidence
ATM Card Surrender Per Card 100.00 - Manually At the time of incidence
ATM Card / Kit returned due to wrong address Per Card / Kit 100.00 - Manually At the time of incidence
16 Lost Token - Per Token 200.00 - Manually At the time of incidence
17 Signature Verification / Photo Attestation / Address & Sign. confirmation - Per Verification / Attestation 50.00 - Manually At the time of incidence
18 Solvency Certificate General Per Lac 100.00 Minimum 500.00
Maximum 5,000.00		 Manually At the time of incidence
Educational Purpose Per Lac 50.00 Minimum 250.00
Maximum 1,000.00		 Manually At the time of incidence
For extra each copy 100.00 - Manually At the time of incidence
19 E-Payment Charges - Per E-Payment 50.00 - Manually At the time of payment
20 SMS Alert Service Charges - Per Customer 25.00 - CBS Quarterly
21 Nach Mandate (Inward) - Per Mandate 20.00 - Manually At the time of incidence
22 IMPS (Mobile Banking) & UPI Trans. Per Debit Outward Transaction - Apply monthly Upto 10,000.00 - - - -
From 10,001.00 To 25,000.00 - - - -
From 25,001.00 To 1,00,000.00 - - - -
Above 1,00,000.00 - - - -
23 Account Closure Charges Savings Account Within 3 months 200.00 - CBS At the time of incidence
Within 1 year 150.00 - CBS At the time of incidence
Current Account Within 3 months 500.00 - CBS At the time of incidence
Within 1 year 300.00 - CBS At the time of incidence
24 ABB Cash / Cash Handling Charges - - - Only for deposit of cash other than Savings & Term loan Accounts - -
25 Duplicate Interest Certificate - Per copy 30.00 - Manually At the time of incidence
26 Duplicate Balance Certificate - Per copy 30.00 - Manually At the time of incidence
27 No Dues Certificate (Extra/Duplicate Copy) - Per copy 100.00 - Manually At the time of incidence
28 Cheque Pass Certificate - Per copy 30.00 - Manually At the time of incidence
29 No Objection Certificate - Per copy 100.00 - Manually At the time of incidence
30 Any Other Certificate - Per copy 100.00 - Manually At the time of incidence
31 Enquiry of Old Transactions / Old record of account Within 3 years old Per issue 100.00 Plus photocopy charges at actual Manually At the time of incidence
Above 3 years to 10 years old Per issue 300.00 Plus photocopy charges at actual Manually At the time of incidence
32 Printing and Postal Charges for notices sent to Dormant/Inoperative Accounts - - Actual Expenses Incurred - Manually At the time of incidence
33 Locker Rent overdue charges - Per month 25.00 - CBS At the time of recovery of Locker rent
* Note : - Current Applicable GST rate is @ 18% (CGST @ 9% and SGST @ 9%)


Service Charges Applicable for Various Loans -
 Effective From 01/07/2017
SR.NO SCHEME APPLICABLE CHARGES (Excluding GST) MAXIMUM (Excluding GST)
1 Ware House Receipt HYP Loan 0.1000% Of Loan Amount  
2 3 / 4 Wheeler Commercial use 0.2500% Of Loan Amount  
3 Rickshaw Old / New 0.2500% Of Loan Amount  
4 Wholesale Cloth Merchant 0.2500% Of Loan Amount  
5 Loan Against Future Rent Receivable 0.2500% Of Loan Amount  
6 Eco Friendly Karja Yojana 0.2500% Of Loan Amount  
7 Education Loan 0.2500% Of Loan Amount  
8 Hospital (Doctors) Scheme 0.2500% Of Loan Amount  
9 Professional (CA/ Advocate etc) Clean CC 0.2500% Of Loan Amount  
10 Gold Loan / NSC / LIP / KVP 0.2500% Of Loan Amount  
11 Cash Credit against Gold Loan 0.2500% Of Loan Amount  
12 Two Wheeler 0.3000% Of Loan Amount  
13 Four Wheeler 0.3000% Of Loan Amount  
14 Cash Credit Renewal 0.5000% Of Loan Amount 15000
15 TPO (OD) Renewal 0.5000% Of Loan Amount 15000
16 TPT (Traders Property  Term Loan) 0.5000% Of Loan Amount 50000
17 New Cash Credit 0.5000% Of Loan Amount 50000
18 Term Loan 0.5000% Of Loan Amount 50000
19 New TPO (OD)  0.5000% Of Loan Amount 50000
20 Education Institute Loan 0.5000% Of Loan Amount  
21 Loan against Deposit NIL NIL
22 Housing Loan Rs 250/- Per Lac  
23 Delay In Stock Statement If Stock form / Work In Progress form Not submitted before 10th of next month, 2.00% per annum On outstanding balance From the 1st day of the month till the date of submission, Maximum. Rs 1000/- per month  
24 Loan Closed Before Due Date - Commitment Charges    
A CC / TPO (Upto 10 Lac) No Charges  
B CC / TPO (For Limit Above 10 Lac) 2.00% Per Annum on Sanctioned Limit for Remaining Period of Limit.  
C Term Loan (For Limit Above 10 Lac)    
I For Individuals / Proprietorship Firm No Charges  
II Other Loans (Other then  Individuals / Proprietorship Firm) 2.00 % Per Annum on Advance Repayment Amount  
25 Stock Verification Charges    
A Upto 5 Lacs Rs 100/-  
B Above 5 Lacs Rs 250/-  
26 Loan Application Nominal Member,Share Application Form Fee    
  Loan Application Form Fee 1. Rs 101.70 (Rs.120/- including GST)
2. Hypo Rickshaw (For SC/ST'S) Rs 12.72/- (Rs.15/- including GST)		  
  Nominal Member, Share Application Form Fee Membership application Form - Rs.25.42 ( Rs 30/- including GST)
Nominal Membership application form – Rs 12.72/- (Rs.15/- including GST= )		  
  Membership List  Rs 1000/-  
  Byelaws Copy  Rs.25.42 (Rs.30/- including GST)  
       
27 Bank Guarantee / Letter Of Credit    
A Bank guarantee (Full cover of fixed deposit) Upto 5 Lacs Rs 100/- per annum & Above 5 Lac – Rs 20/- Per Lac. Per year.  
B Bank guarantee (covered by other security)   2.00% Per Annum On Bank Guarantee Amount (Minimum. Rs 200/-)   
C Bank guarantee / Letter Of Credit Availed From Other Banks    
I Availed From Saraswat Bank Amount Equal to Commission Debited by Saraswat Bank to Our Bank.  
II Availed From Bank Of Baroda Full Cover of Fixed Deposit - Rs 100/-  
30% of Secured Bank Guarantee -  Commission Debited By Bank Of Baroda + Same Amount Our Commission.  
D Letter Of Credit 2.00% per annum on sanctioned amount,
Minimum. Rs 100/- Per Year		  
       
* Note : - Current Applicable GST rate is @ 18% (CGST @ 9% and SGST @ 9%)