KANAKAMAHALAKSHMI BANK

Helpline Timings : 9.30am to 6.00pm | Phone : 0891-2573612 | Business Hours : 9.30am to 6.00pm 

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Service Charges

Sr.No.TransactionExchange / Commission / Service Charges
1Pay Orders
Upto Rs. 5,000.00Nill
Above Rs. 5,000.00Rs. 10.00 + GST
Rs. 2.00 per Thousand + GST
(Minimum 10/- + GST).
2Demand Drafts
Upto Rs. 7,000.00Nill
Above Rs. 7,000.00Rs. 15.00 + GST
Rs. 2.00 per Thousand + GST
(Minimun Rs. 15/- + GST
3Cheque stop Payment ChargesRs. 50.00 + GST
4Cheque book issue chargesRs 5 per leaf
5Loss of Gold Loan AcknowledgementRs. 100.00
6DD / Pay Order CancellationRs. 20.00 + GST
7Pay Order RevalidationRs. 20.00 + GST
8DD RevalidationRs. 20.00 + GST
9Issue of Duplicate P.O.Rs. 20.00 + GST
10Issue of Duplicate DDRs. 20.00 + GST + Other Bank Charges, If any.
11Issue of Duplicate PassbookRs. 20.00 + GST
12Statement issue Charges per pageRs. 10.00 + GST
13Inward / Outward Clearing Cheque and NACH Return ChargesRs. 500.00 + GST
14Account Closure ChargesIf closed within One Year of Opening.
Savings AccountRs. 100.00 + GST.
Current AccountRs. 200.00 + GST.
15Cheque PurchaseInterest @ 24% p.a. for the actual number of days
(Minimum Rs.50.00) + Postage (For Outstation Cheques Only)
Rs. 50.00 for Other bank charges.
16SMS CHARGES on ( Pro-rata Basis )A Minimum of Rs 1/- and a Maximum of Rs 30/- ( including GST ) will be levied quarterly.
17MINIMUM BALANCE CHARGES on ( Pro-rata Basis)A Minimum of Rs 1/- and a Maximum of Rs 200/- ( including GST ) will be levied Half-yearly.
18RTGS & NEFTUpto ₹ 100000/- free for All Type of Accounts
Upto ₹200000/- free for All Type of Savings Accounts
₹ 100001/- to ₹ 200000/- charges Rs.20+ GST
₹200001/- to ₹ 500000/- charges Rs.20+ GST
₹ 500001/- & Above charges Rs.40+ GST
19IMPS CHARGESupto Rs.5000.00 free
Rs.5000.01 to 10000.00 charges Rs.5+ GST
Rs.10000.01 to 100000.00 charges Rs.8+ GST
Rs.100000.01 to 200000.00 charges Rs.15+ GST
Rs.200000.01 to 500000.00 charges Rs.25+ GST
20ACCOUNT CLOSING CHARGESAccount,closed will attract a service charges of Rs. 100/- +GST for S.B. Account
and RS. 200/- +GST for Current Account
21ATM Interchange
(Transactions at Non The Kanakamahalakshmi Co-Op
Bank Ltd., ATMs)
(With effect from 1st July
2025
For Financial transactions i.e (withdrawl) will attract a service charge of Rs:25/- including Gst
For Non Financial transactions i.e (Pin Change,Mini Statement,Balance Enquiry) will attract a service charge of Rs:9/- including Gst
Sends SMS Alerts for all transactions to Registered Mobile Number
22ATM annual maintenance chargesRs. 100.00 + GST
23Block and Reissue of ATM cardRs. 200.00 + GST

LOANS & ADVANCES

Share Capital 2.5% on loan amount

1% Servaice charges on loan amount + CGST 9% & SGST 9%

Legal Charges for loans upto Rs 5.00 lakhs : Rs 1200

Legal charges for loans raning from Rs 5.00 lakhs to Rs 25.00 lakhs : Rs 2000

Legal charges : 0.5% on valuation amount ( Maximum Rs 5000)

Miscellaneous charges : Rs 300 ( for obtaining Ecs etc)

Travalling : ( Minimum Rs 500 ( field inspection )

GOLD LOAN CHARGES

1.Service charges : 0.1% on market value of gold ( Min Rs 10)

2.Appraiser fees : 0.2% on loan amount ( Min Rs 50 Max Rs 200 )

3.Insurance : 0.1% on market value of gold

RENT ON LOCKERS

SMALL  LOCKER

Rent : Rs 1500 + GST par annum

Stamps: Rs 100

Miscellaneous: Rs 20

CGST : 9% on rent amount

SGST : 9% on rent amount

(1500+100+20+135+135 = 1890)

MEDIUM LOCKER

Rent : Rs 2500 pa

Stamps: Rs 100

Miscellaneous : Rs 20

CGST : 9% on rent amount

SGST : 9% on rent amount

(2500+100+20+225+225 = 3070)

LARGE LOCKER

Rent : Rs 5000 pa

Stamps: Rs 100

Miscellaneous : Rs 20

CGST : 9% on rent amount

SGST : 9% on rent amount

(5000+100+20+450+450 = 6020)