Services Offered
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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. Payment 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 :-
Investment upto Rs.1,00,000/Period of Deposits : 5 years (Lock-in-Period) Tax Relief under Sec 80C of the Income Tax Act. Rate of Interest : 9% with quarterly rests. 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
…………….
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
…………..
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
Rs. 25/- per instrument
DD-Duplicate
Rs. 25/- per instrument
DD-Revalidation
Rs. 25/- per instrument
PO – Issue
- Rs. 2.00 per 1000, - Min. Rs. 15/- and - Maximum Rs. 5000/-
PO-cancellation
Rs. 10/- per instrument
PO-Duplicate
Rs. 10/- per instrument
PO-Revalidation
Rs. 10/- per instrument
TT – Issue
No Service
TT – Cancellation
No Service
TT-Duplicate
No Service
TT-Revalidation
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 of cheques- Local (Outward)
Rs. 50/- per 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 in the year 1939 by our Founder Late Rajratna Shri Khushaldas Kurji Parekh, an Educationalist, Socialist & Reformist. The Main objective of the Bank is to service the downtrodden and economically weaker sections of the 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, 2 Extension Counters and Departments all interconnected (CORE
BANKING). The Winners 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 LESS 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" status on 9th August, 2000 with area of operation extended to Ahmedabad and Surat Districts in Gujarat State. The Bank's Chairman Shri.K.D.Vora was elected as the Director 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)Branch and is in the process of providing 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. REAL TIME GROSS SETTLEMENT (RTGS) : The Bank is an active member of "Real Time Gross Settlement System" introduced by the Reserve Bank of India.
…
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. Payment 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 :-
Investment upto Rs.1,00,000/Period of Deposits : 5 years (Lock-in-Period) Tax Relief under Sec 80C of the Income Tax Act. Rate of Interest : 9% with quarterly rests. 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
…………….
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
…………..
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
Rs. 25/- per instrument
DD-Duplicate
Rs. 25/- per instrument
DD-Revalidation
Rs. 25/- per instrument
PO – Issue
- Rs. 2.00 per 1000, - Min. Rs. 15/- and - Maximum Rs. 5000/-
PO-cancellation
Rs. 10/- per instrument
PO-Duplicate
Rs. 10/- per instrument
PO-Revalidation
Rs. 10/- per instrument
TT – Issue
No Service
TT – Cancellation
No Service
TT-Duplicate
No Service
TT-Revalidation
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 of cheques- Local (Outward)
Rs. 50/- per 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 in the year 1939 by our Founder Late Rajratna Shri Khushaldas Kurji Parekh, an Educationalist, Socialist & Reformist. The Main objective of the Bank is to service the downtrodden and economically weaker sections of the 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, 2 Extension Counters and Departments all interconnected (CORE
BANKING). The Winners 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 LESS 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" status on 9th August, 2000 with area of operation extended to Ahmedabad and Surat Districts in Gujarat State. The Bank's Chairman Shri.K.D.Vora was elected as the Director 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)Branch and is in the process of providing 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. 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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