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Loan to salaried Person


Eligibility :


Any salaried person except employee of Private concern with certain terms and conditions


Purpose :


(1)          For repairing of own house.

(2)          For Higher Education

(3)          For Marriage of Dependent Son, Daughter & Sister.

(4)          For Specialized Medical treatment.

(5)          To purchase of Consumer’s Durable Product. 


Maximum amount of Loan :


(a)     Teaching and Non-Teaching staff of Primary/Secondary/Higher Secondary /Madrasah Schools/Colleges/Universities, employees of Co-operative Banks/Co-operative Institution, making profit at least for the last 3 years, Local Self Government Bodies/ Authorities/Employee etc.


(b)     Central/State Govt. Employees and Employees of Govt. undertakings servicing alongwith office of DDO/employer of the applicant within the area of operation of the Bank with not less than one year continuous service.


(c)     Salaried person of MSK/SSK/Paschimbanga Sarva Shiksha Mission State/District/DI  approved contractual teacher/para-teacher/part-time teacher of college etc. and  residing and servicing alongwith office of DDO/Employer of the applicant within the area operation of the Bank may apply with some terms and conditions.


(d)     Staff of ICDS.


Maximum amount of Loan :


Maximum quantum of loan shall be the lowest of the followings L

For 1(a) : Rs. 12,00,000.00

For 1(b) : Rs.   6,00,000.00

For 1( c ): Rs.  1,00,000.00

For 1(d) : Rs. 1,00,000.00 for salary linked. And Rs. 50,000.00 without salary linked etc. with some terms and conditions.


Repayment Period :


a) Maximum period would be 12 years for salary linked employee with some terms & conditions.

b) Maximum period would be 7 years in case of without salary linked employee with some terms and conditions.

c)   Maximum period would be 5 years in case of MSK/SSK/ICDS etc. employees with some terms and conditions.




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( with effect from 20-11-2020 )
=================================================================================================== Memo No. G/4083/673/(Part-I) Dated. 11-11-2020 ===================================================================================================

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)


Savings Deposit


Term Deposit

  (a) 7 days to 29 days 3.00 3.00 3.75
  (c) 30 days to 45 days 4.00 3.00 4.50
  (d) 46 days to 90 days 4.00 3.00 4.50
  (e) 91 days to 180 days 4.25 3.00 4.75
  (f) 181 days to 364 days 5.00 3.20 5.50
  (g) 365 days /12 months/1 year 5.50 3.50 6.00
  (h) Above 12 months to 24 months 5.50 3.50 6.00
  (i) Above 24 months to below 36 months 5.50 3.50 6.00
  (j) 36 months to 60 months 5.40 3.25 6.10
  (k) More than 60 months to 120 months 5.45 3.25 6.25
3 Monthly Income Scheme(MIS) for Individuals (minimum Rs. 5,000/- & then multiplies of Rs. 1,000/- for a period of 3 yrs. 5.50 6.25
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. 5.50

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.

Tamluk Ghatal Central Co-Operative Bank Ltd. Revised rates of Bank’s Charge / Commission Service Charges/Security Deposit/Fees
( with effect from 11-06-2021 )


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. 50/-
iii) Above Rs. 10000/- Rs. 5/- 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. 100
ii) Above Rs. Rs.5000 Rs. 200
4 Return of cheque / ACH debit by the Bank to collecting bank or to the party for insufficient Fund or otherwise i) up to Rs. 50000 - Rs. 200/- per instrument
ii) Above Rs. 5000 - Rs. 300/- per instrument


  • If returned more than three times within one month on the same account additional charges of Rs. 200/- per instrument (charges will be recovered from the drawer).
  • In case of frequent dishonor of cheques, such account will be treated as closed after giving prior notice for rtgularimtion of the Account as per RBI circular
5 Cheque deposited with us — Returned unpaid by other banks. Cheques upto Rs. 1 lac - Rs.200/- per instrument
Cheques above Rs. 1 lac – upto Rs. 1crore – Rs. 400/- per instrument
Cheques above Rs. 1 crore - Rs.1000/- 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-
  • For individuals - Rs. 100
  • For other than individuals – Rs. 200
Duplicate Term Deposit Receipt – Rs. 100/-
Duplicate Statement Folio – Rs. 100/-
7 Issuance of Deposit at Call Rs. 100/- per instrument
8 Stop payment instruction
  • For Savings – Rs. 75/- per occasion
  • For Current - Rs. 125/- per occasion
9 Operational Instruction/ Deletion of name Rs.200/- 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 Attestation/Photo attestation Issuance of no dues Certificate / Verification of account holders signature/Certificates of maintanance of account with the branch of request/MMS Verification charges Rs. 200/- per case
11 Closure of Current / Savings Account
  • For Savings – Rs. 200/- per occasion
  • For Current - Rs. 400/- per occasion
No Charges shall be levied in case of death of depositor and transfer of deceased depositor's A/C. to our other branch.
12 Premature closure of Term Deposit Account Rs. 100/- per case.
13 Transfer of Account from one branch to another (SB / CA) Rs. 100 /- per account
14 Minimum balance to be maintained
  • Savings Deposit (with Cheque facility) – Rs. 1200.00
  • Savings Deposit (without Cheque facility) – Rs. 500.00
  • Current Deposit – Rs. 5000.00
  • (Exemption in case of Staff memeber and ex staff member account)
  • Salary earner SB A/c drawing salary through this bank,SHG & JLG Account and BSBD Farmers Account - Zero
15 Non-maintenance of Minimum balance
  • For Savings – Rs. 200/- per quarter
  • For Current - Rs. 400/- per quarter
  • Salary earner SB A/c drawing salary through this bank - Free


Default in non-maintenance in minimum balance shall be reckoned on average quarterly balance (AQB) in the account.
16 Account Maintenance Charges Rs. 300/- per half year in each current A/c.
17 Inoperative Charges SB A/c / CD A/c – Free
18 Charges for Cheque book Rs. 3.00 per leaf (First Cheque book of new account - SB,CD and CC OD free of cost at the time of opening only)


  • Exemption in case of Staff member and ex staff member if he is not employed gainfully
19 Charges for issuing daily/weekly Statement of accounts
  • Monthly Statement –Once Free,Thereafter Rs. 2/- per entry, Minimum Rs. 100 per request
  • Weekly Statement – Rs. 450 per year. For repeat request, Rs. 2/- per entry Minimum Rs. 100 per request
  • Daily Statement – Rs. 1000 per year. For repeat request, Rs. 2/- per entry Minimum Rs. 100 per request
20 Charges for late payment of Recurring Deposit Instalments Rs.2 for Rs.100/- per month.
21 Enquiry relating to old records (more than 12 months old) Up to 1 year old record Rs. 200/- per reference. Beyond 1 year Rs. 500/- per year per reference + out of pocket expense
22 Loss of Token Rs. 100/- per token
23 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.


  • Cash withdrawal at non-home branches by self only with maximum amount Rs. Fifty thousand per day per account by cheque only.
24 Locker rent Rs. 750 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.
25 Locker Registration Cost (one time) Rs. 200.00
26 Locker visit charges No of Locker visit per year
  • 25 Visits - Free
  • Thereafter per visit – Rs. 50.00
27 Security Deposit for locker holding. Rs.15,000/- (Fixed Deposit)
  • Interest will be credited annually to SB A/c and locker rent will be realized from the SB A/c through SI.
28 Penalty for late payment of locker rent Rs 10/- per month
30 Locker Surrender charge Rs. 1000/- per locker
31 Loss of safe deposit locker key Rs. 1000/- + actual expenses for breaking and replacement of the locker


General Terms: Concession / Exemption in service charges in respect of collection/bank charges:-

1. Collection of subsidy cheques issued by the Central and State Government under any programme whenever applicable is to be collected at par.


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.


6.Service Tax as applicable will be levied on all service charges and would be rounded-off to the next Rupee.


7.Concessions for Staff Members (existing & retired) :

  • No Service Charge should be levied on transaction conducted by our staff members.
  • No service charge should be levied on transaction conducted by ex-staff member if he is not employed gainfully.
  • Minimum balance maintenance criteria are not applicable in case of our staff members and ex-staff member if he is not employed gainfully.

Note: All out of pocket expenses to be recovered.



(Fees & Charges For Loans and advances with effective from 01/04/2014)



(a) Nominal membership Fees:

i) Bank loan upto Rs. 100000/- Rs. 200/-
ii) Loan above Rs. 1-00 lakh upto Rs. 3-00 lakh Rs. 400/-
iii) Loan above Rs. 3-00 lakh upto Rs. 5-00 lakh Rs. 600/-
iv) Loan above Rs. 5-00 lakh (Rs. 600/- + Rs.50/- Per lakh)
Loan against NSC/KVP/LIC Upto 100000/- Rs.50/-
Loan against Gold loan Above100000/- Rs.100/-
Tour,Festival Advance/Over Draft /Cash dep Rs.100/-


(b) Service Charge:

i) Bank loan upto Rs. 200000/- Rs.200/-+ST
ii) Loan above Rs. 2-00 lakh upto Rs. 5-00 lakh Rs. 300/-+ST
iii) Loan above Rs. 5-00 lakh upto 8-00 Lakh Rs. 600/-+ST
iv) Loan above Rs. 8-00 lakh upto 10-00 Lakh Rs. 800/-+ST
v) Loan above Rs. 10-00 lakh Rs.1000/-+ST
It will be applicable for Nominal members (except the Nominal member of Gold Loan/NSC/KVP etc./Cash dep/ Tour,Festival and Over Draft advance) and for societies, which borrow loan for its own but not for its members.


(c) Documentation and processing charges

at the time of loan Rs.300/-
(except NSC/KVP/LIC/Gold loan/Cash dep/ Tour,Festival and Over Draft advance,) The necessary stamp papers shall be purchased and the charge of authentication of Notary shall be born by the borrower.


(d) Title & searching fee :

(for search & title report of Lawyer).
i) Rs. 800/-Per case for nominal member of the bank for all types of loan and member of ECCS for HB loan.
ii) In case of MT/LT Agril.& Agril. Allied and Non-agril. Loan to the member of PACS ,the concerned PACS shall arrange for search and title report from Bank’s empanelled Lawyer. Fees in this regard shall be born by the applicant member not exceeding Rs.300/-in case of searching of land for more than one member at a time and in case of searching of land for a single member fees shall not be exceeded Rs.600/-.
iii) Rs.300/-for the employee of the bank.


(e) Valuer’s Fee:

Rs. 3000/- (for valuation report of Bank paneled valuer).


(f) Appraisal Fees:-

0.25% of project cost plus S.T. for all proposal of financial accommodation loan/advance for Farm & farm- allied /Non-Farm sector for nominal member of the bank(except Loan to salaried person & NSC/KVP/Cash dep/Gold loan & Potato Bond Cash Credit Loan, Tour,Festival and Over Draft advance). In case of home/house building loan appraisal fees will be applicable 0.10% of project cost plus S.T. to nominal member of the bank and member of ECCS.. The appraisal fee will be calculated on the project at individual level and in respect of Co-Operative Societies, appraisal fee may be calculated on the project cost of the society if the project/loan is meant for society itself not for its members, loan to members through Co-Op society, the calculation of appraisal fees shall be made on the basis of project cost of the individual members level/or unit level.


(g) Fees for execution of deed of mortgage/mortgage bond:-

i) Mortgage Karbarnama for ST SAO loan through PACS:- Rs.20/- per member.
ii) Deed of mortgage/mortgage bond for loan to member through PACS other than ST SAO loan:- Rs.50/- per member.
iii) For Equitable Mortgage of land:- Rs.100/- per case.
# Fees to be paid to the deed writer in case of sub clause no.(h) i) &(h) ii):- Rs.15/- per case.


(h) Cost of loan application and nominal membership form :-

i) Loan application forms :- Rs.25/- per set
(except Cash Dep/LAD,Tour/Festival advance, Over Draft & gold loan):-
ii) Nominal membership application form :- Rs.5/- per pc.
iii) LAD,Tour/Festival advance /Cash Dep/ Over Draft & gold loan :-Rs.10/- per set


(i) Fees for gold assessor/expart/appraiser/valuer for gold loan

i) Loan upto Rs. 10000/- Rs.30/-
ii) loan above Rs.10000/- Rs 30/ plus
Rs.2/-per thousand excess of loan Rs10000/


(j) Fees for CERSAI registration under SERFAESI Act2002

(for securities in Non-agril nature-)as below-
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.




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