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Bank Charges

Updated Fee Schedule w.e.f. Oct 2020 & Dec 2023

Bank Charges

Minimum Balance charges w.e.f 01.12.2023

Sr. No. Services Description Charges
Plus GST/ Taxes as applicable
1 Cheque Collection (Outstation) Upto Rs. 10000/-

Rs. 10001/- upto
Rs. 100000/-

Above Rs. 100001/-
Rs. 50/- including postal charges

Rs. 100/- plus postal charges extra

Rs.150/- including postal charges
2 Bankers Cheque (pay order) Upto Rs. 500/-

Rs. 501/- To Rs. 5000/-

Rs. 5001/- to Rs. 10000/-

Above Rs. 10001/-
Rs. 20/-

Rs. 30/-

Rs. 50/-

Rs. 3/- per thousand
Min. Rs. 100/- and
Max. Rs. 7500/-
3 Duplicate Pay order - Rs. 100/- each
4 Extension of Pay order - Rs. 100/- each
5 Unpaid return cheque - Rs. 100/- (Outward return)
Same cheque returned second time Rs. 100/-
6 Standing instructions - Rs. 50/- for each account
7 Stop Payment - Rs. 50/- per pay order / cheque at a time
Rs. 250/- max
8 Duplicate Passbook - Rs. 100/- for current / backdated updates
Rs. 50/- per page
9 MICR Cheque book Current Account For Current Account 50 cheque leaves free p.a. , thereafter Rs 5/- per cheque leaf.
Saving Account Rs. 5/- for Saving account if more than No. 50 cheques used within a year.
10 Signature Verification - Rs. 50
11 Closure of Saving & Current Account with in a year Current Account Rs. 300/- For current account closure within 1 Year
Rs.500/- for current account close within 6 months
Saving Account Rs. 200/- for saving account closure within 1 year
Rs. 300/- for saving account close within 6 months
12 Any Bank Statement / Housing loan statement - Rs. 100/-
(Free For the year ended)
13 No Dues Statement for Loan Account - Rs 100/- Each account
14 Duplicate Term deposit Receipt - Indemnity bond of Rs. 600/-
(as per provision in stamp act)
15 ECS debit return - Rs 100/- each
Rs.100/- each if return second time
16 Member’s Identity Card 1st Free of charge
2nd Rs. 15/-
3rd Rs. 30/-
4th & 5th Rs. 50/-
6th & 7th Rs. 100/-
8th Rs. 200/-
9th Rs. 300/-
10th Rs. 1500/-
11th and above Rs. 2000/-
17 Duplicate Account Statement Current Account Rs 75/- per page or part thereof
Saving Account Rs. 50/- per page
18 Housing Loan (processing fees) - Rs. 1500/- Processing fees
Rs. 1000/- Legal fees
19 Cash Deposit and Cash withdrawal in current Account - Upto ₹25000/- per day : Free
Thenafter ₹0.75 per ₹1,000/- + GST
Minimum ₹50/- + GST
Maximum ₹20,000/- + GST
20 Breaking open of Locker: Loss of Key or Order from competant authority - Charges of Rs.750/- plus taxes per occasion as applicable at the time of break open of locker over and above the recovery of actual break-open expenses.
21 Issue of certificate viz. No Dues, NOC, Interest certificate, Cheque honoured, Account Maintaining etc - First certificate free. Duplicate or additional copies Rs 25/- per copy
22 Locker Access charges - Locker visit operation charges at Rs. 100/- per visit plus taxes as applicable for more than 24 visits in a year.
23 One Time Locker Registration Charge - One time Locker registration charges of Rs.500/- plus taxes as applicable at the time of opening of locker.
24 Locker Rent Locker Category A 1300
Locker Category B 1400
Locker Category C 2400
Locker Category D 2500
Locker Category E 2700
Locker Category F 2900
Locker Category G 3200
Locker Category H 3300
Locker Category I 4000
Locker Category J 4500
Locker Category K 6500
25 Rupay ATM Card charges for Transactions done on any other Bank's ATM Financial Transaction Charges Rs. 18.00 plus GST per Transactions
(Applicable after any 5 Financial or Non Financial Transactions done during the month)
Non-financial Transaction Charges Rs. 9.00 plus GST per Transactions
26 Duplicate ATM card Rs. 150/-
27 Repin Rs. 50/-
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022-22717800 | mcbank@mcb.bank.in

Municipal Bank Bhavan, 245, P'Dmello Road,
Fort, Mumbai – 400 001

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The Municipal Co-operative Bank Ltd., Mumbai is registered with DICGC.

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