Malappuram District Co-operative Bank Ltd
General IFS Code: IBKL0209M01 NRE IFS Code: FDRL0SME002

Interest Rates & Charges

Maximum Interest rates on deposits

(W.e.f. 17/06/2017) Figures in % p.a.

Sl No Time Slab Type of Deposit To Individuals/ and Institutions Senior Citizens
1 From 15 days to 45 days Fixed 5.75 6.25
2 From 46 days to 90 days Fixed 6.75 7.25
3 From 91 days to 179 days Fixed 7.25 7.75
4 From 180 days to 364 days Fixed 7.75 8.25
5 1 year to less than  2 years Fixed 8.25 8.75
6 2 years and above  Fixed 8.00 8.50
7 Kshemanidhi Discontinued Discontinued
8 Recurring Deposit Recurring Contact the nearest branch
9 Call deposit Call Not applicable
10 Savings deposit Savings 4

Interest rates of Loans and Advances

(W.e.f.: 21-06-2016), (Interest rates in %)

Sl No Type of Loan Slab Intrest rate*
1 Consumer and personal loans 12.5
2  General Purpose Mortgage Loan 13
3 Vehicle Loan 14
4 Cash Credit/ Overdraft/ Cash Credit on the security of Gold ornaments 13
 5 Swapnakoodu (EMI Scheme) Housing loan Upto 10 Lakh 10
Above 10 lakh 10.75
6 Gold Loan (Loan on security of Gold ornaments) Upto 3 months 11
Upto 6 months 11
Above 6 months 11
7 Business loans 15
8 Education Loan 12.5
9 Buisiness/ Traders Loan (Dalily Deposit Linked Loans) 15.5
10 EMS Bhavana Vaypa scheme Upto 50000/- 10
11 Vanitha Vikas Loan Upto 10000/- 10
12 Loans to Educational Institutions Co operative Institutions 12
Other Institutions 14
Co operative Academy for Professional Education 11
13 Microfinance Loans  as both Term Loans (3 year) and as Cash Credit (1 year). (Max 3 lakh as Term Loans and Max. 5 lakh as Cash Credit) SHG/NHG 9
Microfinance Loans (upto 3 years) as Term Loans (max. 5 lakh) JLG (Govt. Backed) 9
Microfinance Loans (upto 3 years) as Term Loans (max. 5 lakh) JLG Agri Non Gov 11.5
Microfinance Loans (upto 3 years) as Term Loans (max. 5 lakh) JLG Non Agri Non Gov 12.5
Microfinance – Loan to NRLM groups Women SHG 7 (4% after subvention)
14 Project Loans in Agi and Allied Agri 11
15 Project Loans Non Agri Contact Branch

* – Rates may change – please contact Branch for the latest rates.

Rates and Charges for services

W.e.f. 01/06/2016

I Cost of Individual and Institution loan application to be levied Upto and including 5 lakhs
Above 5 lakh  & upto and including 10lakhs
Above Rs. 10 lakhs
Rs. 50
Rs. 100
Rs. 250
II Gold loan insurance charges to be levied Upto Rs. 10000
Rs. 10001 to 25000
Rs. 25001 to 50000
Rs. 50001 to 75000
Rs. 75001 to 100000
Rs. 100001 to 200000
Rs. 200001 to 300000
Rs. 300001 to 400000
Rs. 400001 to 500000
Rs. 25
Rs. 50
Rs. 75
Rs. 100
Rs. 200
Rs. 300
Rs. 400
Rs. 500
Rs. 600
III Ledger Folio charges for Accounts 1. CA/OD/CC (per page) Rs. 20
IV Handling charges on Cheques/Bills returned unpaid a) Local cheques/clearing cheques upto 5000/-

>5000/- to 10,000/

>10,000/- to 1,00,000/-

>1,00,000/-

 

 

 

  1. Returned unpaid (per cheque)
  2. Outstation Bills for collection (per cheque)

 

b) Cheques presented, returned for want of funds

Rs. 25

Rs. 50

Rs. 100

Rs. 100 + Rs 1/- per 1000 maximum Rs. 1000/-

Rs. 50+ Postage+
Other Bank charges

Rs. 100

V Service charge for Refund of demand drafts by cancellation Per instrument Rs. 75
VI Issue of duplicate demand drafts Per instrument Rs. 50
VII Issue of duplicate pass book/ statement of Accounts a) Pass book with latest balance
b) Statement with previous entries
Rs. 25
Rs. 25
VIII Commission for cash remittance/ fund transfer to the accounts with other Branches (per transaction) NIL NIL
IX Cost of additional cheque book to be levied At the time of opening the account and after the use of all leaves already issued on cheque book will be issued at free of cost
1) Additional SB A/c Cheque book (per book)
2) Additional CA/CC/OD Cheque book (per book)
Rs. 25
Rs. 50
X Service charge to be levied on term deposit opened for the purpose of security deposit Per instrument Rs. 50
XI Closure of Accounts Savings Bank A/c/Current A/c Rs. 50
XII Penalty for not maintaining prescribed minimum balance in deposit accounts on quarterly rests 1. SB Accounts (Per month)
2. Current Account (Per month)
Rs. 10
Rs. 20
XIII Stop payment instructions for all deposit/OD Accounts Per instrument Rs. 15
XIV Service charge for break opening of lockers due to loss of key Service charge
(in addition to the actual charge imposed by the company for break open and replacement of lock which has to be given to the company)
Rs. 250