Services Offered

 

Services Offered Some of the value added services are -

Mobile Banking Facilities Phone Banking Facilities ATM facilities - Vile Parle (W), Malad (W), Mulund (W), Kalbadevi and Andheri (W)   Online Demat Services available with all our branches Any where banking facility

Tie-up with Max New York Life for selling / marketing Life Insurance Products. Tie-up with Iffco - Tokio General Insurance Co. for General Insurance Products. Immediate transfer of funds through RTGS Collection of Reliance Energy Bills Franking of all documents with the value of stamp duty.

We are also offering the following services to the customers -

The Bank issues Demand Drafts of HDFC Bank under reciprocal arrangement. Vault facility is available at Vile Parle (W), Malad (W), Kandivali (W), Borivali (W), Bhayander (W), Nallasopara (E), Mulund (W), and Ghatkopar (W) Branch. All branches are computerized and upgraded with latest technology. We have deployed the Core Banking Solution, Any where, Any Time, Any Branch banking facility to our customer. The Bank's tradition is to provide need based finance on time. Depository Services (At Demat Dept.) - The bank's depository services have received overwhelming response with over 24000 active accounts being serviced. For convenience of investors, all branches act as collection centers The Bank is amongst the first to introduce Toll Free Phone Service at our Administrative Office -

1800228300 The Bank is giving ATM facility at Vile Parle (West), Malad (W), Kalbadevi, and Mulund (W) Branch and at Kandivali(W) Branch. The Bank is offering value added services i.e. Paymen Paymentt of Utility Bills like Electricity etc. …………………..

Deposit Schemes Kapol Tax Saving Deposit Scheme The Kapol Bank has introduced a new scheme vide which you can not only deposit your amount and avails best interest rates but also you can get the tax deduction, the details as below :-

 

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Investment upto Rs.1,00,000/-

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Period of Deposits : 5 years (Lock-in-Period) 

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Tax Relief under Sec 80C of the Income Tax Act.

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Rate of Interest : 9% with quarterly rests.

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Interest is taxable

Term Deposits We are offering the following interest rates to the deposits, as on 1st August, 2009 -

 

I n t e r e s t R  a t e s

15 to 45 days

46 to 90 days

91 to 180 days

181 to

12 months less than 24 months

 

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Service Charges Back 

ANNEX- I Service Charges - Relating to Saving Bank A/c. - No Frills A/c.

 

Savings Bank A/c - No frills A/c NA

Minimum Balance NA

Charges for non maintenance thereof  NA

Saving Bank Accounts with Cheque facility

Minimum Balance Rs. 1000/-

Charges for non maintenance thereof  Rs. 20/- per month

Saving Bank Accounts without Cheque facility

Minimum Balance Rs. 500/-

Charges for non maintenance thereof  Rs. 10/- per month

 

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Remittance Facilities through own bank

DD- Issue/ cheque drawing facility with HDFC Bank

- Rs. 2.50 per 1000, - Min. Rs. 25/- and - Maximum Rs. 5000/-

DD-Cancellation DD-Cancellat ion

Rs. 25/- per instrument

DD-Duplicate

Rs. 25/- per instrument

DD-Revalidation DD-Reva lidation

Rs. 25/- per instrument

PO – Issue

- Rs. 2.00 per 1000, - Min. Rs. 15/- and - Maximum Rs. 5000/-

PO-cancellation PO-cancellatio n

Rs. 10/- per instrument

PO-Duplicate

Rs. 10/- per instrument

PO-Revalidation PO-Revalida tion

Rs. 10/- per instrument

TT – Issue

No Service

TT – Cancellation

No Service

TT TT-Duplic -Duplicate ate

No Service

TT TT-Revalidati -Revalidation on

No Service

EFT Charges- inward

No Service

EFT Charges- outward

No Service

NEFT

Upto Rs. 1.00 Lakh . Rs 5 1)Rs 1 to 5 Lakhs --- Rs. 25

RTGS-Outward 2)Above Rs 5 Lakhs - Rs. 50 Upto Rs. 10000 - Rs, 50 Collection of Cheques

Rs. 10000 to Rs 1,00,000.Rs. 100/Rs.100001 and above Rs. 150/-

 

Remittance Facilities through other banks

 

Remittance Facilities through other bank

DD- Issue

Other Bank charges + Rs.0.50 ps- per Rs.1000/-

DD-Cancellation Other Bank charges + Rs.10/- per instrument

DD-Duplicate Other Bank charges + Rs.10/- per instrument

DD-Revalidation Other Bank charges + Rs.10/- per instrument

PO - Issue NA

PO-cancellation NA

PO-Duplicate NA

PO-Revalidation NA

 

Foreign Exchange Transactions Remittance Outward

Other Bank charges + 0.25%

Remittance Inward

Other Bank Charges + Rs.100/-

TCs - Selling

Other Bank Charges + Rs.100/-

TCs – Encashing

Other Bank Charges + Rs.100/-

TCs - Foreign Currency

Other Bank Charges + Rs.100/-

Cheque Collections Rs. 5/- per Rs.1000/Outstation through own bank

Minimum Rs. 10/- and Maximum Rs.1,000/- + postage @ actuals

Outstation through another bank

Other bank charges + Rs.10/- per instrument

Bouncing o off ch cheques- L Lo ocal ((O Outward)

Rs. 50 50/- p pe er in instrument

Bouncing of cheques- Local (Inward) including ECS debit returns

Rs.2/- per Rs.1,000/Minimum Rs.50/- Maximum Rs. 2,500/-

Bouncing of cheques - outstation - through own bank

Rs. 50/- per instrument

Bouncing of cheques - outstation - through another bank

Other bank charges + Rs.10/- per instrument

Service Charges - Retail Loans

 

Loan Application Form Charges Rs.100/- (inclusive of Service Tax) (w.e.f. 28th May, 2009)

Loan Processing Charges Non Refundable * Rs. 500/- + Service Taxes (at actual)  In addition to above following charges are levied - Upto Rs.10 lacs - 0.25% of the sanctioned amount - Above Rs.10 lacs to Rs.50 lacs - 0.50% of the sanctioned amount Maximum Rs. 2 lacs (w.e.f. 28th May, 2009)

Prepayment Charges 2% of the outstanding amount at the time of pre-closure of the credit facilities

No due Certificate Rs. 25/- per certificate

Solvency Certificate

Amount Charges per certificate

Upto Rs.10 lacs

Rs.1,000/-

Rs.10/- lacs to Rs.25/- lacs

 

Cards (ATM / Credit Cards / Debit Cards etc.) ATM Membership fee

NIL

Annual Fee

NIL

Renewal Charges

NIL

Late Payment Charges

N.A

Interest Charges

N.A.

Replacement charges

Actual cost of the card

Transaction Charge for Partner banks

No tie-up

Transaction Charge for Non-Partner banks

No tie-up

Credit Card Membership fee

No Credit Card issued

Annual Fee

N.A.

Renewal Charges

N.A.

Late Payment Charges

N.A.

Interest Charges

N.A

Replacement charges

N.A.

Cash withdrawal

N.A.

Debit Card Membership fee

No Debit Card issued

Annual Fee

N.A.

Renewal Charges

N.A.

Late Payment Charges

N.A.

Replacement charges

N.A.

Cash withdrawal

N.A.

 

Miscellaneous

 

Our Profile The Kapol Co-operative Bank Ltd. was established established in the year 1939 by our Founder Late Rajrat Rajratna na Shri Khushaldas Kurji Parekh, an Educationalist, Educationalist, Socialist & Reformist. The Main objective of the Bank is to service the downtrodden and economically weaker sections of the society. society. The bank is striving towards fulfilling and meeting the above objectives laid down by the Founder. The Kapol Co-operative Bank Ltd., has maintained its decades' tradition of being the fastest growing Scheduled Cooperative Bank in India. The Business growth is given as under -

Established in 1939 60207 Shareholders Dividend @ 10% Fully computerized 15 branches, branches, 2 Extension Count Counters ers and Departments all interconnected (CORE

BANKING). The Winners of "PIONEERS of "PIONEERS IN CORE BANKING" Customers over 250000 Audit rating 'A' Staff over 400 THE FINANCIAL PULSE -

Financial Pulse

 

(Rs. in Crores)

CATEGORY YEAR 1991 YEAR 2008 YEAR 2009 OVERALL PERFORMANCE

Deposits 30.43 628.03 719.17 23.63 times

Advance 22.51 380.15 406.29 18.04 times

Net Profit 0.53 2.67 3.40 6.41 times

Capital 0.72 9.88 11.45 15.90 times Reserves 3.31 55.86 51.88 15.67 times

No. of Shareholders 14402 62410 64275 4.46 times

Net NPA

 

 

OTHER DETAILS ARE -

The Bank has introduced Franking facility for Document Stamping. The Bank has tie-up with Max New York Life Insurance for life insurance products. The Bank was the first to introduce the new concept of "COUNTER of  "COUNTER LESS BANKING". BANKING". The Bank is amongst the first to introduce DEMAT SERVICES in May 1999. It has an active client base of over 24000. The Bank achieved "SCHEDULED BANK STATUS" in January, 1998 and "MULTI-STATE " MULTI-STATE"" status on 9th August, 2000 with area of operation o peration extended to Ahmedabad and Surat Districts in Gujarat State. The Bank's Chairman Shri.K.D.Vora was elected as the Director of National of  National Federation of Urban Cooperative Banks and Credit Societies Ltd., (NAFCUB) New Delhi with highest number of votes on 16th June, 2000 and has also been elected as Director on the Board of the Maharashtra Urban Cooperative Bank's Federation Ltd. for a term of 5 years from 2002-2003 to 2006-2007. The Bank has 14 branches in Mumbai and one branch in Surat which are fully computerized. The Bank has provided ATM facility at Vile Parle (West), Malad (W), Picket Road (Kalbaddevi) , Mulund (W) and Kandivali (W)Bran (W)Branch ch and is in the process of providing ATM ATM services at one more branch. As per the RBI guidelines, the Bank has a Special Audit Committee who reviews the audit reports and the effectiveness of control and compliance with regulatory guidelines. CORE BANKING SOLUTION : The Bank has established its Core Banking Solution and interconnected all its Branches and ATMs to provide quick & quality services to the customers which facilitates "ANY WHERE AND ANY BRANCH BANKING". DATA CENTRE : The Bank has interconnected all its branches with its Data Centre and is offering Core Banking Solution to its customer customer.. REAL TIME GROSS SETTLEMENT (RTGS) : The Bank is an active member of "Real Time Gross Settlement System" introduced by the Reserve Bank of India.

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