Welcome to Gujarat Mercantile Co-operative Bank

Call us at : 079-25397610, 25399754

Schedule Of Service Charges

Savings Bank A/c – No frills A/s

  • Minimun Balance : Rs. 500/-

Savings Bank A/c – without cheque facility

  • Minimun Balance : Rs. 500/-
  • Charges for non maintenance thereof : NIL

Savings Bank A/c – with cheque facility

  • Minimun Balance : Rs. 1000/-
  • Charges for non maintenance thereof : NIL

Cheque Book Charges

  • Per Leaf : Rs. 2.00 + Service Tax

Current A/c

  • Minimum Balance : Rs. 2000/-
  • Charges for non maintenance thereof : Rs.50/- per month + taxes (Debited at Half Yearly intervals)
  • Issue of cheque leaves : Rs. 2.00 + Service Tax

MICR Clearing Charges : Periodicity of levying – 6 moths

  • Per Leaf : Rs. 1.50 + Service Tax

Other Services

  • Issue of Duplicate statement : Rs. 20/- per page

Account Closure

  • Savings Bank A/c (Rs. 100/- + Service Tax)
    • Stop Payment Charges : Rs. 25/- per instrument
  • Current Bank A/c (Rs. 150/- + Service Tax)
    • Stop Payment Charges : Rs. 25/- per instrument

Savings Bank A/c – No frills A/s

  • Minimun Balance : Rs. 10/-

Remittances Facilities through our Bank

  • DD – Issue : Rs 0.50/- per Rs 1000/- or part therof subject to minimum of Rs 25/- per instrument upto Rs 1.00 Lac. + Service Tax
  • DD – Cancellation : Rs 50/-
  • PO – Issue : Rs 0.50 /- per Rs 1000/- or part thereof with minimum of Rs 25/- + Service Tax
  • PO – Cancellation : Rs 25/- per instrument + Service Tax

Remittances Facilities through other Bank

  • DD – Issue : HDFC, Axis Bank, Syndicate Bank Rs 0.50 per Rs 1000/- or part thereof subject to a minimum of Rs 25/- per instrument upto Rs 1.00 lac. + Service Tax

Remittances Facilities through State Bank of India

  • DD – Issue : Upto Rs 1 Lakh @ Rs 1 per thousand. Minumum Commission Rs 40/- plus Service Tax. Above Rs 1 Lakh @Rs 0.80 per thoudsand. Minimum Commission Rs 100/- + Service Tax.

Locker Rent (GST)

Type Size One Year Three Year
Small Locker 6"w x 6"h 650.00/- 1850.00/-
Medium Locker 12"w x 6"h 1200.00/- 3400.00/-
Large Locker 6"w x 12"h 1750.00/- 5000.00/-

* GST amount will be additional on above rates.

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