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The Hoshiarpur Central Cooperative Bank Ltd.

Introduction to KYC

In terms of the provisions of the Prevention of Money Laundering Act-2002 as amended from time to time, and directions given by Reserve Bank of India, all customers of the bank are required to comply with Know Your Customer (KYC) guidelines by submitting proof of identity, proof of current address including recent photograph as and when requested by the bank for updation of KYC documents. Accordingly, all account holders of the bank, who have not yet updated KYC documents, are hereby requested to immediately contact the branch with which they are having account and submit KYC documents (KYC policy / document list available with branch).

S No.Proof of IdentityProof of Address
1PassportElectricity bill
2Voter ID CardTelephone bill
3Pan CardLetter from reputed employer
4Govt. / Defence ID CardIncome / Wealth Tax assessment order
5Driving LicenceLetter from any recognized public authority
6Aadhar CardSalary slip
7National Rural Employment Guarantee (NREGA) CardBank account statement
8Pension payment order (Central & State)Credit card statement
9Photo identity card issued by post officeVoter ID card (having current address)
Other valid documents that establish identity as per KYC policy and as per satisfaction of branch managerOther valid documents that show address as per KYC policy and as per satisfaction of branch manager

 

In case of failure by the customer to submit the KYC documents, the bank will be reluctantly compelled to freeze operations in the KYC non-compliant accounts thereafter, without further notice and at the risk, responsibility and cost to the customer. The bank may also, without prejudice, and, at its discretion, permanently close KYC non-compliant accounts, if any after 30-11-2015.

ATM & NEFT/RTGS Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1ATM ChargesAnnual ATM card charges ->1st year free ->2nd year – Rs.100/-Same Charges
2ATM Financial TxnATM Aquirer (Financial Txn) charges, after 5 transactions – Rs.21/- per transactionSame Charges
3ATM Non-Financial TxnATM Aquirer (Non Financial Txn) charges, after 5 transactions – Rs.7/- per transactionSame Charges
4New ATM card issue charges1st ATM card is freeSame Charges
5For reissue of ATM card – Rs.200/-Same Charges
6SMS ChargesRs. 15/- per QuarterSame Charges
7RTGS/NEFT chargesNo chargesNo charges

Bank Gurantee Against Deposit Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Bank Guarantee against depositMinimum charges Rs.500/-Up to Rs.500000- 2% p.a.Above Rs. 500000 – 1% p.a.Charges to be levied at the time of issuing of guaranteeSame Charges

Interest Certificate Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Interest certificate/ Balance certificateFirst copy- FreeSubsequent copy- Rs.100/-per copyNo charges

Photo Attestation and Signature Verification Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Photo attestation chargesRs.100/- for Saving AccountsRs.200/- for Current AccountsNo charges
2Signatures verification chargesRs.100/- for Saving AccountsRs.200/- for Current AccountsFree for- Students, Defence forces, War widows, Physically handicap & Signature attestation for ECS purposeNo charges

Account Closer Charges Saving/RD

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Account closer chargesUp to 1 year account Rs.500/-above 1 year account Rs.250/-No charges for deceased casesNo charges
2Closing of RD A/c before maturityPenalty for late payment of RD instalmentRs.300/-On account of death of customer no charges should be levied.PENALTY CHARGES to be levied for delayed instalments in Recurring Deposit Accounts RS 2/- for Rs 100 p.m. irrespective of periodicity of deposit (Minimum Rs 20)Same Charges
3Penalty for late payment of RD installmentPenalty charges to be levied for delayed installments in Recurring Deposit Accounts @ Rs.2/- for Rs.100 p.m. irrespective of periodicity of deposit (Minimum Rs.20/-)Same Charges

Cash Deposit in Current Account*

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Cash deposit in Current Account (except Govt./Coop. Institutions.)No chargesNo charges

Payments under CBS other than Parent Branch

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Payments under CBS Other than parent branchCash Payment/Deposits under CBSOther than parent branch customers.c. free d. amximum Rs 50000/- but payment above 20000/- is to be made through cheque.Same as from other customers.

Excess Debit Entries Charges in SB Account

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Charges for excess debit entries in SB AccountAfter 15 manual debit entries per quarter, Rs 10/- per entry should be debited by system.No charges

Saving/Current Account->Cheque Book Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Cheque Book charges Saving Bank A/cOne cheque book containing 20 leaves free per half year Rs.3/- per leaf for extra cheque. No Charges.
2Cheque Book chargesCurrent A/cNo free cheque book is to be issued in Current Account. Rs. 5/- per leaf for each cheque.No charges

Saving/Current Account->Minimum Balance Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Maintenanceof Minimum BalanceSaving Bank DepositsThe Customer who does not maintain minimum balance of Rs.500/- and Rs.1000/- withcheque book facility in his account the service charges shall be levied atthe following rates per month:Rs.100/- per month, will be debited every month.No minimum balance is required
2Maintenanceof Minimum Balance Current AccountMin. balance Rs.5000/- is to be maintained.Rs.250/- per month, will be debited every month for non-maintenance ofminimum balance.Same Charges

Account Statement and Duplicate Pass Book Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Statement of account All types of accounts.Current Account ONe statement for current month FREE Rs 50/- for duplicate statement upto one year old entries Rs 100/- for statement prior to 1 year Saving Account Rs 50/- for any type of statement, except in case the statements aren required for loan cases from same branch. Should be generated, and given after taking written request.No charges
2Duplicate Pass BookFirst Pass-Book free.Additional passbooks on completion of previous passbook is also free.Rs.100/- for issuing duplicate passbook on request.Same charges

SAFE Custody and Locker Rent Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)ChargesApplicable Charges {For Bank Staff (Including Retired)}
1SAFE CUSTODY CHARGESRs 50/- per anumnSame as form other customersSame Charges
2LOCKER RENTSmall Locker Rs 900/- paRs 900/- paConcession of 50% charges in Locker rent. All other charges will remain same.
Medium Locker Rs 1500/- paRs 1500/- pa
Big Locker Rs 2500/-paRs 2500 /- pa
Extra Large Locker Rs 4000/- paRs 4000/- pa
No Lien
Note: In case of loss of key of the Lockers, actual expenditure incurred for breaking open the locker and changing the lock by manufacturers of lockers, should be recovered from the account holders. Penalty charges per Quarter or part thereof:Note: In case of loss of key of the Lockers, actual expenditure incurred for breaking open the locker and changing the lock by manufacturers of lockers, should be recovered from the accountholders. Penalty – Same as to be charged from other customers.
Small Locker Rs200/-Rs 200/-
Medium Rs 400/-Rs 400/-
Big Rs600/-Rs 600/-
Extra Large Rs 1000/-Rs 1000/-
* Any default will atract penalty charges for a full quarter.
*The rent should become due w.e.f. 1st of succeeding month, in which the locker is leased out. One month may be allowed for payment of rent due.

Standing Instructions and STOP Payment Instructions

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1STANDING INSTRUCTIONSRejection / Failure Charges are Rs 200/- per instruction once during a month. For RD account rejection charges are Rs 100/- per instruction once during a monthFree
2STOP PAYMENT INSTRUCTIONAll types of accountsPer instrument Rs.200/-andRs.100/- for additional each instrument in a single instance.Same as from other customers.

Issuance/Cancellation of Banker Cheque /Pay Order/DD

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Issuance of Banker cheque/ Pay order/DDUp to Rs 10000/- is Rs 100/- Above Rs 10000/- is Rs 100/- plus Rs 5/- per thousand for amount. Max amount is Rs 500/- Branch manager is authorized to waive charges to Govt./ Semi Govt./ Coop Institutions having good amount of deposit.Every staff memeber should be entitled for 2 drafts/payorders in a month, upto Rs 1.00 lacs in total, only form his salary account Le. under product 302 (where salary is being credited), further free facility is not applicable in case of DDs are purchased from Other banks, staff members shall bear the actual expenses as charges by other bank.
2Issuance of Duplicate Banker’s cheques/DDsRs 300 /-Same as from other customers.
3Revalidation/Cancellation Of Pay order/DDsRs 200/-Free

Cheques/ECS- Outward Inward

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Outward Cheques/Bills returned unpaidRs 200/- for Outward Clearing returnsSame Charges
2Inward Cheques/Bills return unpaidRs.100/- per instrument.Same Charges
3ECS outward and inward clearing returnRs.100/- per instrumentSame charges

Collection of Outstation Cheques/Bills

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Collection of Outstation ChequesRs 100/- + GSTNo Charges
2Collection of BillsRs 100/- + GST *No collection charges to be levied for collection for local cheques/drafts. However out of pocket expenses be recovered in full.Same as from other Customers

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