Monday - 30 - March - 2020
The Tamluk Ghatal Central Co-operative Bank Limited i.e TGCC Bank in short, was established on 26th of January 1965. The Reserve Bank of India had granted Banking License on 2nd of August 1995. Since then it has become one of the leading banks of the region. Being a part of the Co-operative Bank in West Bengal, it is also a government backed bank, which lends too much to its credibility.
One of the prime motives of TGCC Bank has been to reach out its services to the farthest and the remotest with full of co-operation. Our registered Head Office is situated at Tamluk (which has been known formerly as the historical renowned place as “TAMRILIPTA”) in the district of Purba Medinipur of West Bengal in India. TGCC Bank have 14 (Fourteen) Branches covering the Tamluk and Haldia Sub-divisions in Purba Medinipur District and have 7 (Seven) Branches covering the Ghatal sub-division in Paschim Medinipur District of West Bengal at present.
“From Farmers to Home-Makers”– At TGCC Bank, we have customers from myriad backgrounds. Our customers have made us what we are today. TGCC Bank has been the choice of 2.44 lakh customers with deposits worth Rs.954.96 crore at the end of the financial year on 31st March 2014. Also 2.60 Lakh small farmers have relied on us for obtaining Agricultural Loans worth Rs.274.84 crore in last year alone. This, apart from the customers of our various other loan schemes and facilities.
What makes TGCC Bank stand out is it's ardent support to the cause of social welfare. One of our goals is to build a self-reliant rural Bengal in India. Apart from facilitating 418 bank-affiliated Primary Agricultural Credit Societies (PACS) for offering credible Short Term Co-operative Credit Structure in the three sub divisions, we have supported lakhs of rural people through Savings or Credit based Self Help Groups and Joint Liability Groups.
Crop Loans through Kisan Credit Cards (KCC) has helped lakhs of famers to pursue their livelihood with dignity. We have also initiated the developement in rural Bengal through the operations with Farmer’s Club to facilitate savings and credit facilities.
At the end of the day, the reputation of any Bank is built on the service it provides and TGCC Bank is definitely high in this regard for providing it’s services and to reach it’s vission and mission one step ahed. From farmers to the urban depositors, we ensure quality services to each of our customers with equal regard equal dignity. Fully computerized and CBS enabled branches have ensured high-end banking support to our valued customers for any type of requirement. Recent technologies fund transfer and ATM systems have made also more easier to serve our valued customer as per their choice.
With decades of untiring, relentless service to the people, TGCC Bank has emerged as a leading bank in reaching the services to those who deserve the best. And in the process, it has helped build thousands of dreams, ensured a million of smiles!
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SL No. |
Type of Deposit |
Rate of Interest (% p.a.) |
|||
General for less than 1 cr |
General Rs.1 cr and above |
Senior Citizen (Age above 60 years) |
|||
| 1 | Savings Deposit |
4.00 | |||
| 2 | Term Deposit |
||||
| (a) | 7 days to 14 days | 4.00 | 4.00 | 4.00 | |
| (b) | 15 days to 29 days | 4.00 | 4.00 | 4.00 | |
| (c) | 30 days to 45 days | 4.00 | 4.00 | 4.00 | |
| (d) | 46 days to 90 days | 5.00 | 4.25 | 5.00 | |
| (e) | 91 days to 180 days | 6.25 | 6.00 | 6.25 | |
| (f) | 181 days to 364 days | 5.75 | 5.00 | 6.25 | |
| (g) | 365 days /12 months/1 year | 6.70 | 6.00 | 7.15 | |
| (h) | Above 12 months to less than 36 months | 6.60 | 4.75 | 7.10 | |
| (j) | 36 months to 60 months | 6.25 | 4.25 | 6.75 | |
| (k) | More than 60 months to 120 months | 6.00 | 4.00 | 6.50 | |
| 3 | Monthly Income Scheme(MIS) for Individuals (minimum Rs. 5,000/- & then multiplies of Rs. 1,000/- for a period of 3 yrs. | 6.25 | 6.75 | ||
| 4 | Deposit against Statutory Reserve Funds, Bad Debt Funds & Other Funds of Co-op. Societies/Co-op Banks Interest will be calculated and served to designated account on half yearly basis. | 6.70 | |||
The interest rate payable to employees and retired employees of Tamluk-Ghatal Central Co-Operative Bank Ltd shall be 0.50% above the applicable rate mentioned in this circular.No additional interest will be allowed
to serving employees Á retired employees in addition to benefit for Senior Citizen people.
TDS would be applicable for interest paid/payable exceeding Rs. 10,000/- during the financial year, except
where exemption is allowable as per Income Tax Act, 1961.
All concerned may please note and act accordingly.
| Sr No | Particulars | Bank’s Charge / Commission/ Service Charges/ Security Deposit/ Fees etc. |
|---|---|---|
| 1 | Issuance of Banker’s Cheque/Draft |
i) Up to Rs. 5000 to Rs. 30/- ii) Above Rs. 5000/- to Rs. 10000 Rs. 40/- iii) Above Rs. 10000/- Rs. 4/- per thousand (Maximum Rs. 10000/-) |
| 2 | Remittance through RTGS/NEFT |
RTGS– Rs. 100000 to Rs. 500000 -Rs. 25 per transaction Above Rs. 500000 - Rs. 50 per transaction NEFT– upto Rs. 100000 - Rs. 5 per transaction Above Rs.100000 - Rs. 25 per transaction |
| 3 | Issuance of Banker’s Duplicate Cheque/Draft Cancellation / Revalidation of Banker’s Cheque / Draft |
i) up to Rs. 5000 Rs. 50 ii) Above Rs. Rs.5000 Rs. 100 |
| 4 | Outstation Cheque Collection |
i) up to Rs. 5000 Rs. 25 ii) Above Rs. 5000 to Rs.10000 Rs. 50 iii) Above Rs. 10000 to Rs.100000 Rs. 100 iv) Above Rs. 100000 Rs. 150 per instrument
|
| 5 | Return of cheque by the Bank to collecting bank or to the party for insufficient Fund or otherwise. |
Cheques upto Rs. 1 lac - Rs.100/- per instrument Cheques above Rs. 1 lac – upto Rs. 1crore – Rs. 200/- per instrument Cheques above Rs. 1 crore - Rs.500/- per instrument (In addition, actual postage is applicable)
|
| Cheque deposited with us – Returned unpaid by other banks |
Cheques upto Rs. 1 lac - Rs.100/- per instrument Cheques above Rs. 1 lac – upto Rs. 1crore – Rs. 200/- per instrument Cheques above Rs. 1 crore - Rs.500/- per instrument (In addition, actual postage is applicable in all cases) |
|
| 6 | Issue of Duplicate Pass Book/ Statement of Accounts/ Term Deposit Receipts. |
Pass Book with latest entry-
Duplicate Statement Folio – Rs. 50/- |
| 7 | Issuance of Deposit at Call | Rs. 40/- per instrument |
| 8 | Stop payment instruction |
|
| 9 | Operational Instruction/ Deletion of name | Rs.100/- per case except in case of deletion of name of deceased depositor and except in case of also addition /deletion of name in Society/Institution Account |
| 10 | Charges for Standing Instruction (SI) – one time |
Registration – Same Branch and in same name – Free Same branch and in different name – Rs. 25 Different branch and same name - Free |
| 11 | Charges for insufficiency of funds to carry out standing instruction | Rs. - 50/- per occasion. |
| 12 | Attestation/ Photo attestation/Issuance of no dues Certificate /Verification of account holders signature/Certificate of maintenance of account with the branch on request | Rs. 100/- per case |
| 13 | Closure of Current / Savings Account |
|
| 14 | Premature closure of Term Deposit Account | Rs. 50/- per case. |
| 15 | Transfer of Account from one branch to another (SB / CA) | Rs. 100 /- per account |
| 16 | Minimum balance to be maintained |
|
| 17 | Non-maintenance of Minimum balance |
Default in non-maintenance in minimum balance shall be reckoned on average quarterly balance (AQB) in the account. |
| 18 | Account Maintenance Charges | Rs. 200/- per half year in each current A/c. |
| 19 | Inoperative Charges | SB A/c / CD A/c – Free |
| 20 | Charges for Cheque book |
Rs. 3.00 per leaf (First Cheque book of new account free of cost at the time of opening only)
|
| 21 | Charges for issuing daily/weekly Statement of accounts |
|
| 22 | Charges for late payment of Recurring Deposit Instalments | Rs.3 for Rs.100/- per month. |
| 23 | Enquiry relating to old records (more than 12 months old) | Up to 1 year old record Rs. 100/- per reference. Beyond 1 year Rs. 300/- per year per reference + out of pocket expense |
| 24 | Loss of Token | Rs. 100/- per token |
| 25 | Deposit / Withdrawal of Cash (home & non home branch) |
At Local (home) / non home branches
In terms of RBI circular - Free Note: For deposit of Cash - Cash handling charges shall be levied as applicable as aforesaid.
|
| 26 | Locker rent |
Rs. 600 per year.
If any locker holder fails to pay the locker rent in due time 15 days grace time will be allowed. For Staff Members (existing & retired) – Rs. 400/- Locker can be leased for a period upto 3 years at a time subject to advance payment of rent. However, there would not be any concession in case advance rent is paid by customers. The rent payable for the overdue period to the date of revision would be recovered at old rate and the revised rate will be recovered proportionately from the date of revision. Refund of advance rent may be allowed for the un-expired period in case the locker is surrendered before the expiry of the period of three years for which advance rent has been paid. The refund will be made in complete years i.e. fraction of a year remaining in the year of surrender shall be ignored. |
| 27 | Locker Registration Cost (one time) | Rs. 100.00 |
| 28 | Locker visit charges |
No of Locker visit per year
|
| 29 | Security Deposit for locker holding. |
Rs.10,000/- (Fixed Deposit)
|
| 30 | Penalty for late payment of locker rent | Rs 10/- per month |
| 31 | Locker Surrender charge | Rs. 500/- per locker |
| 32 | Loss of safe deposit locker key | Rs. 300/- + actual expenses for breaking and replacement of the locker |
2. Collection of cheques at par and free remittance facility by way of DD/MT/RTGS/NEFT etc. may be allowed to blind & physically handicapped and also to institutions set up for their welfare/benefit, provided they bank with us. However postage and other out of pocket expenses should be recovered.
3. Cheques / Drafts favoring Prime Minister’s Relief Fund/Chief Minister’s Relief Fund are to be collected at par. However postage and other out of pocket expenses should be recovered.
4. Collection of instruments favoring Welfare Service, Charitable & Religious Institution may be allowed at par provided that these institutions are exempted from payment of Income Tax and also bank with us. However actual postage/transmission charges and out of pocket expenses must be recovered while collecting instruments for the above customers.
5. Collection of cheques of retirement benefit of ex-service holder is to be collected at par provided they bank with us.
| SL No | Nature of Transaction to be Registered | FORM.No | Amount of fee payble |
|---|---|---|---|
| 1 | Particulars of creation or modification of Security Interest in favour of secured creditors | FORM-1 | Rs.500 for creation and any subsequent modification of Security Interest in favour of a secured creditor for a loan above Rs.5 lakh. For a loan below Rs.5 lakh, the fee would be Rs.250/- for both creation and modification of security interest. |
| 2 | Particulars of securitization or reconstruction of financial assets | FORM-lll | Rs.1000.00 |
| 3 | Particulars of satisfaction of securitization or reconstruction transactions | FORM-lV | Rs.250.00 |
| 4 | Any application for information recorded / maintained in the register by any person | -- | Rs.50/-` |
| 5 | Any application for condonation of delay up to 30 days | -- | Rs.2500.00 in case of creation of security interest for a loan upto Rs.5 lakh and Rs.5000.00 in all other cases. |
*Service Tax will be added |
|||
The Board of Directors of the Bank may revise the above rate of fees & charges in any time or any case.
The above charges, as the case may be, will be realized from borrower by Branch at the time of submission of proposal of loan/advance/financial accommodation and the Branch may pay the searching fees to lawyers and valuativaluer, fees to MK deed writer’s and fees to gold assessor after receiving the report from them properly.
At TAMLUK GHATAL CENTRAL CO-OPERATIVE BANK LTD, we are dedicated to protecting your privacy and safeguarding the personal, business, and financial information is a cornerstone of our business and will always be one of our highest priorities & entrusted to us.
TAMLUK GHATAL CENTRAL CO-OPERATIVE BANK LTD follow comprehensive privacy and security practices in compliance with laws and to support our commitment of trust through integrity in everything we do.
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