Greater Bombay Bank CO OPERATIVES

7/29/2019 Greater Bombay Bank CO OPERATIVES

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INTRODUCTION

The Greater Bombay Co-operative Bank Ltd, more popularly known as Greater Bank, had its

humble beginnings over five decades ago on 10th December 1952, when a small group of

philanthropists got together to set up the Bank. Though the founders were pursuing interests of

their own, they decided to establish the bank with the sole motto of serving the community atlarge. With this end in view, they introduced attractive deposit and lending schemes relevant to

the times. The Bank made a mark for itself with high quality of service, which primarily inducedseveral customers to the bank. Having achieved the status of a scheduled bank in 1996, The

Greater Bombay Co-operative Bank has been making giant strides by attracting customers from

the low, middle and upper income strata. This speaks volumes about the faith and the trustreposed in the Bank by the public.

The Bank has achieved distinguished success in co-operative banking sector particularly during

the last few years because of its distinct objectives, strategic plan of action, its continuousmonitoring and sharing of success with the concerned personnel. Good Corporate Governance

and a committed management with the Board of Directors with keen interest in the well being ofthe Bank has been instrumental in The Greater Bombay Co-operative Bankreaching greater

heights.

The Bank has a deposit base of more than Rs.1000 Crores and a business mix of more than

Rs.1600 Crores. The Banks operating income is more than Rs.100 crores and Non-interestincome is more than Rs.2 crores with Gross NPA less than 5.0%.

ISO Certification

The Bank has the distinction of being Indias first Co-operative Bank with ISO 9001:2000certification for all its branches. Banks independent departments such as the DEMAT Cell &Housing / Retail Loan Cell are also ISO 9001:2000 certified. This certification speaks volumes

about the good practices of the Bank. We believe that being a part of the service industry,

maintaining customer relationship is the prime objective. The customer fraternity of the Bank hasbeen growing year after year. Novel banking products introduced by the Bank such as

Personalized Cheques, Cheque Depositing machines, KIOSK machines, ATM, RTGS payments,

DEMAT services, Franking of documents and more recently Bank Assurance, PAN and MutualFund services have paved way for not only customer satisfaction but customer delight. Complete

customer satisfaction coupled with personalized courteous service is the motto and speciality of

our service. The Bank has implemented Core Banking Solution (CBS) by adopting the

Application Service Provider (ASP) model and has tied up with c-EDGE, a company which is a

joint venture between State Bank of India (SBI) and Tata Consulting Services (TCS). The Bankhas successfully launched CBS at all its 19 branches and the customers now avail the benefit of

anywhere banking.

With highest regards to senior citizens and a belief in social commitment The Greater Bombay

Co-operative Bank has special interest rates on deposits for Senior Citizens, which are amongst

the best in the banking industry. The Bank provides 8 to 8 banking services with Sunday


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banking. (8.00 a.m. to 8.00 p.m. from Monday to Friday and 9.00 a.m. to 1.00 p.m. on Saturday

and Sunday).

MISSION STATEMENT

"The Greater Bombay Co-Operative Bank Ltd. is committed to be a niche player in the

area of co-operative banking sector by ensuring high standards, professional integrity &

regulatory compliance through latest technology & enhancement of services by

continuous improvement."

BOARD OF DIRECTORS

Shri Narendrakumar A. BaldotaChairman

Shri Shantilal B. Chhajed

Vice Chairman

Smt Madhuri P. Baldota

Director

Shri Ashok B. VakhariaDirector


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Shri Anand P. Ahire

Director

Shri Parasmal P. GolechaDirector

Shri Subhash R. Baldota

Director

Shri Punkaj J. Mehta

Director

Shri Manmohansingh H. RattiDirector

Shri Shrenik N. Baldota

Director - (Co-opted)


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Shri Shreedhar M. Paarande

Director - (Co-opted)

Shri Mohan S. DarekarDirectorStaff Representative

Shri N.B. Rege

DirectorStaff Representative

Shri B. V. R. Sarma

C.E.O.


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MILESTONES

The performance of the Bank at a glance is as follows :

(Rs. In Crores)

Particulars 2007-08 2008-09 Growth %Deposits 1001 1098 10

Advances 607 746 23

Total Business1608 1844 15

Advances Rs.746 crs (Rs.607 crs last year). Share Capital Rs.23.1 crs (Rs.21.2 crs last year). Non Interest Income Rs.2.0 crs (Rs.2.0 crs in current year as against Rs.1.5 crore in last

year).

Operating Income Rs.119.0 crs (Rs.109.6 crs last year). Gross NPAs less than 5.0% (3.9 % in current year as against 4.4% in last year). Net NPAs at 1.7 %. (2.0 % in last year).

The Bank continues to have a very comfortable capital adequacy ratio of 16% as against the

minimum prescribed level of 9% by RBI.

PROGRESS AT GLANCE

(Rs. In Crores)

Sr. No. Particulars March 2008March 2009Increase/DecreaseAmount %

1. Total Deposits 1000.92 1098.34 97.42 9.73%

2. Total Advances 607.31 745.97 138.67 22.83%

3. Investments 510.25 419.71 (90.54) -17.75%4. Profit / Loss 10.95 10.46 (0.48) -4.42%

5. Capital 21.20 23.13 1.92 9.07%

6. Net Worth 71.45 76.19 4.74 6.64%7. NPA Provision 14.53 16.85 2.32 15.97%

8. Net NPA 11.89 12.32 0.43 3.58%

9. Net Advances 592.77 729.12 136.35 23.00%

10. Gross NPA (%) 4.35% 3.91% -0.44% -10.10%


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11. Net NPA (%) 2.01% 1.69% -0.32% -15.79%

12. CRAR (%) 19.99% 16.00% -3.99% -19.94%

FINANCIAL HIGHLIGHTS

Financial Highlights

(Rs. In Crores)

Sr. No. Particulars 31st March 200831st March 2009

1. No. of Branches (Inclu. Corporate Office) 18+1 19+1

2. No. of Employees 474 457

3. No. of Members 31192 322234. Share Capital 21.20 23.13

5. Net Worth 71.45 76.196. Deposits 1,000.92 1,098.34

7. Advances 607.31 745.97

8. Investments 510.25 419.719. Working Capital 1,239.68 1,266.7110. Profit / Loss 10.95 10.46

11. Net NPA (%) 2.01% 1.69%

12. CRAR (%) 19.99% 16.00%


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ADVANCES RATES

Rate Of Interest On Advances

Various types of loans and their respective rate of interest effective from 01/09/2009

Sr.No.

Type of Loan New Rateof Interest

@ (%)

p.a.1 Gold Loan

Hallmarked 13.00

Non Hallmarked 13.00

2 Loan against government security 13.003 Against pledge of Shares & Debentures

Demat 13.00

Physical --

4 Vidya Loan 11.005 Yatri Loan 13.00

6 Vehicle Loan:- Greater Four wheeler loan New

Vehicle Loan:- Greater Four wheeler loan Old

13.00

14.00

Greater Ride Vehicle Loan (two wheeler loan) 14.00Loan for purchase of new autorikshaws through our apporved delars. 14.00

7 Dhanvantari Loan (for medical practitioners) 14.50

8 Loan against Rent Receivable 14.00

9 Greater Convenience LoanLoans with Salary Deduction u/s 49 of MCS Act,1960 and /

or with salary credit by way of ECS

Under Group Tie up (with min. business exposure of Rs. 200.00 lakhs) for

specific category of companiesconfirmed employees of reputed PSUs, LimitedCompanies, Central / State Govt. Employees, Multi National Companies (MNCs),Large Corporates, Professionals etc. as approved by Corporate office.

14.50

Loans with Salary Deduction u/s. 49 of MCS Act, 1960 and / or with Salary

Credit by way of ECS

Under Group Tie up (with min. business exposure of Rs. 100.00 lakhs) for

Medium Corporates as approved by Corporate Office.

15.00

Loans with Salary deduction U/s. 49 of MCS Act 1960 and / or with salary creditby way of ECS

For Small Companies that do not fall in the above two categories.

15.50

All other cases in which salary credit by way of ECS is not available but ECS

credit of Loan instalment is available,Employees of Pvt. Ltd.Companies, BusinessCategory etc.

16.00

10 Consumer Durable 16.00


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11 Grihalakshmi Housing Loans

1) Up-to Rs.5.00 lakhs 10.50

2) Above Rs.5.00 lakhs upto Rs.10.00 lakhs 10.753) Above Rs.10.00 lakhs to Rs.30.00 lakhs 11.00

4) Above Rs.30.00 lakhs to Rs.50.00 lakhs 11.50

In case of tie up arrangement with a reputed builder for a minimum business ofRs.100.00 lakhs, subject to prior approval by Corporate Office1) Up-to Rs.5.00 lakhs 9.50

2) Above Rs.5.00 lakhs upto Rs.10.00 lakhs 9.75

3) Above Rs.10.00 lakhs to Rs.30.00 lakhs 10.004) Above Rs.30.00 lakhs to Rs.50.00 lakhs 10.50

12 Home Repair / Renovation Loan 13.00

13 All Commercial Loans upto Rs.5.00 lakhs 15.50

14 Flexi Overdraft Scheme PLR +1.50 i.e.

14.50

15 Mortgage Loan PLR +1.50 i.e.

14.50

TECHNOLOGY (CBS)

Core Banking facilityCore Banking facility is implemented at all branches of the bank.

Customers can now use any branch banking.

ATM

Automated Teller Machines (ATM)


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Greater Bank provides free ATM cards and service to its valued customers. This card offers you

the convenience of withdrawing cash from more than 3000 ATMs all over India, pertaining to

AXIS Bank, Bank Of India, Air Employees Corporation Bank, Cosmos Bank, IDBI, ThaneJanata Sahakari Bank, Punjab and Maharashtra Co-op. Bank etc. as the Bank is having a tie-up

with BANCS network. As a Greater Bank customer you have the privilege of accessing your

Bank account round the clock even on holidays.

DEPOSITS

SAVING DEPOSITS

A Savings Bank account is meant to promote savings habit among people. It also helps inbringing financial discipline among the people. Savings Bank accounts facilitate people to access

accounts at the time of financial needs. There is also a steady return in the form interest at a fixed

interest rate, currently it is 3.5% p.a. At Greater Bank, customers always enjoy services with a

personalized touch. Greater Bank is a 100% CBS enabled bank & customers can get the benefitof Any Branch Banking.

Nature of Depositors

Saving Bank Account can be opened by:

IndividualSingle or Joint Minorswith Guardian Regd. Societies & Trusts Hindu Undivided Families (HUFs)

Checklist

Customer Information File (CIF) form (for new accounts)

Account opening form, duly signed by the account holders Introduction from existing account holder Photograph of account holders Photo identity such as photocopy of PAN Card, Driving License Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill,

etc.


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Various Saving Bank Schemes available with them includes

Greater Sadhan Saving Bank Scheme - With Cheque Book Facility (Account can beopened with a balance of Rs. 1000/- only.)

Greater Sweekar Saving Bank Scheme - Without Cheque Book Facility (Account canbe opened with a balance of Rs. 500/- only.)

Greater Madhukosh Deposit Scheme - Daily deposit collection scheme. Greater Simple Saving Scheme (SSS) - (Account can be opened with a balance of Rs.

10/- only.)

Greater Bal Sulabh Saving Bank Scheme - Minors can operate deposit accounts.

Basic Features

Nomination Facility Personalized Cheque- Book facility Standing Instruction Facility Free ATM Card

Other Services

Free ATM usage.

8 a.m. to 8 p.m. personalised banking. Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-

ECS.

E-TDS payments. Any Branch Banking through Core Banking Solution. Lockers at Competitive Price. Demat facility. Bancassurance (Life Insurance / General Insurance). Mutual Funds. PAN Card issue. Bill Centre.

GREATER PREMIUM SAVING DEPOSIT SCHEME

Premium benefits with Greater Premium Saving Deposit get number of value added services free

by maintaining just an average quarterly balance Rs. 5,000/-The features of Greater Premium Saving Deposit are as under:


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Type of Depositors - Individuals, Jt. Holders, Staff, Minor by Guardian, Body of Individuals,

HUFs, Regd. Societies, Trusts etc.

Minimum Daily Balance -Average Quarterly Balance of Rs. 5,000/-.

Minimum Balance Charges -Rs.250/- per quarter.

Basic Features

Nomination Facility (for individuals only.) Personalized Cheque-book facility Standing Instruction Facility Free ATM GOLD Card

Additional Features Waiver of Charges for following facilities:

Charges for Personalized Cheque-book facilityFree 50 withdrawals per quarter throughcheque book.

Charges for Stop Payment of Cheque ATM facility in BANCS network along with GBCB network Charges for Remittances through NEFT - Free unlimited NEFT transactions (Inward as

well as Outward) upto Rs. 1,00,000/- per transaction.

Intrest Payment -Quarterly.

Rate of Intrest -3.50% pa.

SAMPOORNA SAVING DEPOSIT SCHEME

Greater comforts in accessing your account with Greater Sampoorna Saving Deposit Account,

the scheme which provides you the wider benefits than an ordinary savings account. GreaterSampoorna is really a Sampoorna account as it is combination of a Saving Bank account with an

add-on of a Term Deposit account. Save on charges & Earn through Greater Sampoorna!

The features of Greater Sampoorna Saving Deposit Scheme are as under:

Type of DepositorsIndividuals, Jt. Holders, Staff, Minor by Guardian, Body of Individuals, HUFs, Regd. Societies,Trusts etc.

Minimum Daily BalanceThe daily minimum balance of Rs.10,000/-.


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Minimum Balance ChargesRs.500/- per quarter.

Basic Features

Nomination Facility

Personalized Cheque-book facility Standing Instruction Facility Free ATM Card

Additional Features

Waiver of Charges for following facilities:

Unlimited withdrawals through Cheque-book Charges for Stop Payment of Cheque

ATM facility in BANCS network along with GBCB network Charges for Remittances through NEFT - Free unlimited NEFT transactions (Inward as

well as Outward)

Charges for E-TDS transactions

Interest Payment Greater Sampoorna Saving Bank AccountQuarterly

Interest PaymentMOD FDInterest will be credited to deposit as per the option chosen by the customer i.e Monthly /

Quarterly / Cumulative at the time of maturity of deposits. Deposit will be auto-renewed /credited to Greater Sampoorna SB account on maturity as decided by the customer.

Penalty for premature withdrawalInterest penalty will be charged in case of premature closure of fixed deposit either fully or partlyas per existing guidelines.

O/D, Loan FacilityOverdraft / Loan against MOD FDs facility not permitted.

GREATER SWEEKAR SAVING BANK SCHEME:

Greater Sweekar Saving Bank SchemeCheque Book Facility is not available for this SBscheme. (Account can be opened with a minimum balance of Rs.500/- only.)


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Basic Features

Nomination Facility Standing Instruction Facility Free ATM Card

Other Services

8 a.m. to 8 p.m. personalised banking Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-

ECS

E-TDS payments Any Branch Banking through Core Banking Solution Lockers at Competitive Price Demat facility

Bancassurance (Life Insurance / General Insurance) Mutual Funds PAN Card issue Bill Centre

GREATER SADHAN SAVING BANK SCHEME

Greater Sadhan Saving Bank Scheme - With Cheque Book Facility (Account can be openedwith a minimum balance of Rs.1000/- only.)

Basic Features

Nomination Facility Personalized Cheque-book facility Standing Instruction Facility Free ATM Card

Other Services

Free ATM usage 8 a.m. to 8 p.m. personalised banking Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-

ECS

E-TDS payments


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Any Branch Banking through Core Banking Solution Lockers at Competitive Price Demat facility Bancassurance (Life Insurance / General Insurance) Mutual Funds

PAN Card issue. Bill center

GREATER BAL SULABH SAVING BANK DEPOSIT SCHEME

Minor Operated Saving Bank Deposit Scheme:In order to cultivate saving habit amongst Minors Greater Bank has launched a suitable scheme

in the form of Greater Bal Sulabh Saving Bank Deposit Scheme. Banking has not only reachedits presence in geographical areas such as Metros, UrbanSuburban & rural areas but also it hasinfluenced peoples having difference age groups. Minors share in the Indian GDP will be veryhigh in the coming years & hence it is very important to cultivate savings habit among them &Greater Banks scheme will be a useful step for the same.

Other Terms & Conditions

Minor who has completed 10 years of age & above is allowed to deposit / withdraw cashin / from his account independently.

Cheque book facility is allowed only for cash withdrawal for minor himself and not forissue of cheque to third parties.

The overall ceiling of cash deposit / withdrawal once in a day should not be more thanRs.5,000/- and balance in the account should not exceed Rs.1,00,000/- at any point oftime.

Minor Operated Accounts can be converted to full-fledged (Majors) Saving BankAccount on minor attaining the age of 18 years.

GREATER MADHUKOSH DEPOSIT SCHEME

Greater Madhukosh Deposit Scheme - Daily deposit collection scheme.

The idea of devising this scheme is to nurture the habit of savings among the small businessmen,traders & professional, etc. The accounts can be opened in individuals name or jointly withother individual.


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Type of Account:

The deposit is in the nature of Daily Recurring Deposit.

Minimum Amount of Daily Deposit

Rs.50 and in multiples of Rs.50 on daily basis (In deserving cases Br. Manager may allowminimum deposit of Rs.10/- also for small depositors.)

Duration of the scheme

During of the deposit will be for a period of 12 months, which can be rolled over by a convertingdeposits received in first 12 months in Term Deposits of the Bank.

Interest payable

Interest will be paid @ 3.5 per annum with monthly compounding based on the balance as on the

last day of the month.

Loan / overdraft eligibility

After 3 months from the date of opening the account, provided the depositor has regularly paid

the deposit for 3 consecutive months and for business purposes. He / she should also have a valid

license issued by the BMC and all other requisites for carrying on the business.

Limit for loan / overdraft

Loan / Overdraft will be available 4 times the accumulated balance in 3 months. If the

accumulated balance is Rs.4,500/- the eligible loan would be Rs.4,500 X 4 = Rs.18,000/-. Theasset purchased out of this loan should be hypothecated to the bank or 75% of the deposit

collected, subject to minimum amount of loan exceeding Rs.10,000/- and above.

Rate of Interest

Applicable rate of interest on Loan / Overdraft will be 9% p.a. with monthly rest.

Repayment terms


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Option 1: the loan can be liquidated at the expiry of deposit account from accumulated balance

with the interest.

Option 2: the borrower can repay this loan separately as per his convenience during the period ofdeposit scheme, subject to the banks lien and set off on the deposits.

Conditions for pre-mature withdrawal

Only after 3 months without interest subject to:

(a) Recovery of commission payable to the agent.

(b) Recovery of loan availed, if any with interest.

Documents for loan

Loan Application D. P. Note and OID Agreement Letter of Lien & set-off Letter of continuing security Letter of balance confirmation; One guarantor acceptable to the bank

Other conditions

Balance confirmation letter will be sent to the depositor once in three months.

Basic Features

Nomination Facility Personalized Cheque-book facility Standing Instruction Facility

Other Services


ECS

E-TDS payments Any Branch Banking through Core Banking Solution


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Lockers at Competitive Price Demat facility Bancassurance (Life Insurance / General Insurance) Mutual Funds PAN Card issue

Bill centre

SIMPLE SAVING SCHEME(SSS)

Simple Saving Scheme (SSS)(Account can be opened with a minimum balance of Rs. 10/-only.)

The scheme is applicable strictly to individuals, i.e the A/c can be opened by individuals, literate/ illiterate, physically handicapped. Senior citizens, including minors in the age group of 10-18

years.

Account can be opened, with a minimum initial deposits of Rs.10/- and the account will remain

active, even if the balance goes below Rs.10/-.

No personalised chequebook, ATM card facility collection of utility bills (Bill centre facility)shall be allowed. Withdrawals will be allowed only against production of passbook and

withdrawal slip to the account holder only.

Depositing of local cheques / P.O./ DD for credit will be allowed Maximum credit in the account not to exceed Rs.50,000/- and total turnover in a year not

to exceed Rs.1,00,000/- (Rupees one lac only). In the event, the above limitations arecrossed, branch should close the a/c and transfer the a/c to normal SB portfolio, after

complying with the KYC norms

Rate of interest shall be applicable to SB a/c (i.e. @ 3.50% p.a.) Only three withdrawal transactions shall be allowed in a month No transaction charges of the amounts transferred within the branch. All other

remittances to outside agencies shall be allowed at normal applicable service charges

No service charges shall be levied, including for balances below the minimum balancesand zero balance


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CURRENT DEPOSITS

Greater Bank facilitates more flexibility to the customers by providing Current deposits scheme.Current accounts at Greater Bank provide the convenience to the customers of safety & security

of their deposits in addition to quick access to their funds. Current deposit, by nature is for those

customers who prefer to transact with the banks more frequently. At Greater Bank, customersalways enjoy services with a personalized touch. Greater Bank is a 100% CBS enabled bank &

customers can get the benefit of Any Branch Banking.

Nature of Depositors:

Current Account can be opened by:

Proprietary Concerns; Partnership Firms; Public Ltd. Co. & Private Ltd. Co.

Checklist:

Customer Information File (CIF) form (for new accounts); Account opening form, duly signed by the Proprietor / Partners / Directors; Photograph of the Proprietor / Partners / Directors. Copy of Partnership Deed / Memorandum / Articles of Association (Public / Pvt. Ltd.

Co.)

Copy of Resolution to open an account along with the list of Authorizing Signatories tooperate account (in case of Public / Pvt. Ltd. Co.)

Introduction from existing Current / Overdraft Account holder of the Bank. Copy of PAN Card / I.T. Return / Form 60. (Any one).

Various Saving Bank Schemes available with us includes:

Greater Convenient Current Deposit Scheme - With Cheque Book Facility (Account can beopened with a balance of Rs. 2,500/- only.)


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Basic Features:

Personalized Cheque-book facility; Standing Instruction Facility; Free ATM Card (for Proprietor & Partners, Directors)

Other Services:

Free ATM usage; 8 a.m. to 8 p.m. personalised banking; Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-

ECS;

E-TDS payments; Any Branch Banking through Core Banking Solution;

Lockers at Competitive Price; Demat facility; Bancassurance (Life Insurance / General Insurance); Mutual Funds; PAN Card issue; Bill Centre.

GREATER PREMIUM CURRENT DEPOSIT SCHEME

Premium benefits with Greater Premium Current Deposit! Get number of value added services

free by maintaining just an average quarterly balance Rs. 10,000/-.

The features of Greater Premium Current Deposit are as under:

Type of Depositors - Proprietary Concerns, Partnership Firms & Public Ltd. Co. & Private Ltd.

Co , etc.

Average Quarterly Balance of Rs. 10,000/-.

Minimum Balance Charges -Rs.250/- per quarter.

Basic Features

Nomination Facility (for individuals only.) Personalized Cheque-book facility Standing Instruction Facility Free ATM GOLD Card


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Additional Features Waiver of Charges for following facilities:

Charges for Personalized Cheque-book facilityFree 75 withdrawals per quarter throughcheque book.

Charges for Stop Payment of Cheque

ATM facility in BANCS network. Charges for Remittances through NEFT - Free unlimited NEFT transactions (Inward as

well as Outward) upto Rs. 1,00,000/- per transaction.

GB Current Deposit Scheme

Greater Bank provides convenience in banking to various Proprietary Concerns, PartnershipFirms, Public Ltd. Co. & Private Ltd. Co. with its GB Current Deposit Scheme. Depositors can

avail various facilities by just opening an account with a minimum deposit of Rs. 2,500/-.

Basic Features

Personalized Cheque-book facility Standing Instruction Facility Free ATM Card (for Proprietor & Partners)

Other Services


ECS

E-TDS payments Any Branch Banking through Core Banking Solution Lockers at Competitive Price Demat facility Bancassurance (Life Insurance / General Insurance) Mutual Funds PAN Card issue Bill Centre.

PARIPOORNA CURRENT DEPOSIT SCHEME

Greater comforts in accessing your account with Greater Paripoorna Current Deposit Account,the scheme which provides you the wider benefits than an ordinary Current account. Greater

Paripoorna is really a Paripoorna account as it is combination of a Current account with an add-

on of a Term Deposit account. Save on charges & Earn through Greater Paripoorna!The features ofGreater Paripoorna Current Deposit Scheme are as under:


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Type of DepositorsProprietary Concerns, Partnership Firms & Public Ltd. Co. & Private Ltd. Co , etc.

Minimum Daily BalanceThe daily minimum balance of Rs. 25,000/-.

Minimum Balance ChargesRs.1,000/- per quarter.

Basic Features

Nomination Facility Personalized Cheque-book facility Standing Instruction Facility Free ATM Card

Additional Features

Waiver of Charges for following facilities:

Unlimited withdrawals through Cheque-book Charges for Stop Payment of Cheque ATM facility in BANCS network along with GBCB network Charges for Remittances through NEFT - Free unlimited NEFT transactions (Inward as

well as Outward)

Charges for E-TDS transactions Free Auto Sweep & Reverse Sweep facility

Interest PaymentMOD FDInterest will be credited to deposit as per the option chosen by the customer i.e Monthly /

Quarterly / Cumulative at the time of maturity of deposits. Deposit will be auto-renewed /credited to Greater Paripoorna Current account on maturity as decided by the customer.

Penalty for premature withdrawalInterest penalty will be charged in case of premature closure of fixed deposit either fully or partly

as per existing guidelines.

O/D, Loan FacilityOverdraft / Loan against MOD FDs facility not permitted.


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TERM DEPOSITS

Greater Bank offers various ranges of Term deposit that suits investors requirements in the formof Fixed Deposits where interest is paid to investors at regular intervals, Re-Investment Benefit

Deposits where interest gets accumulated in principle & investor receives an accumulatedmaturity amount at the end of tenure of deposits. Greater bank also help investors to cultivate the

habit of monthly savings with the help of its Monthly Recurring Deposit schemes whereinvestors can even start with a very nominal amount of Rs. 100 per month.

Rate of Interest on Term Deposit applicable from 2nd September 2009.

Maturity period

Existing Rates

Gen. Public

(p.a.)

Societies /

Trusts (p.a.)

Sr. Citizens

(p.a.)15 Days to 45 Days 4.00 4.00 4.00

46 Days to 90 Days 5.00 5.00 5.0091 Days to 180 Days 6.00 6.00 6.00181 Days to less than 1 Year 6.50 6.50 6.501 Year to less than 2 Years 7.25 7.25 7.75

2 Years to less than 3 Years 7.25 7.25 7.753 Years to 7 Years 7.00 7.00 7.50

GB Tax Gain Scheme 7.00 7.00 7.50

Rate of Interest on NRE Term Deposit applicable from 1st January 2010 to 31st January

2010.

Period of Deposits Rate Of Intrest (% P.A)12 Months to less than 24 Months 2.7324 Months to less than 36 Months 3.14

36 Months up to 60 Months 3.79

Interest rate on NRE Savings Deposits will remain as payable on Domestic Savings Deposits (at

present @ 3.50% p.a. w.e.f. 01st May, 2006)

The rates of interest on NRO Savings/Term Deposits will remain as applicable to Domestic

Deposits.

Nature Of Depositors

Term Deposit Account can be opened by:

IndividualSingle or Joint


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Minorswith Guardian; Regd. Societies & Trusts Hindu Undivided Families (HUFs)

Checklist

Customer Information File (CIF) form (for new accounts) Account opening form, duly signed by the account holders Introduction from existing account holder Photograph of account holders Photo identity such as photocopy of PAN Card, Driving License Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill,

etc.

Various Term Deposit Scheme Available With them Includes

Fixed Deposits (FD) - Interest is paid to investors at regular intervals Re-Investment Benefit Deposits (RBD) - Interest gets accumulated in principle &

investor receives an accumulated maturity amount at the end of tenure of deposits

Monthly Recurring Deposit (MRD) - Schemes where investors can even start with avery nominal amount of Rs. 100 per month

GB Tax Gain Deposit Scheme - For availing Income Tax Benefit u/s 80 C GB Long Term Deposit Scheme - To avail steady & risk free higher interest rates for

long term

Other Services


ECS

E-TDS payments Any Branch Banking through Core Banking Solution Lockers at Competitive Price Demat facility Bancassurance (Life Insurance / General Insurance) Mutual Funds PAN Card issue Bill Centre.


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LOAN DETAILS

At Greater Bank,theyve worked towards greater banking standards and customersatisfaction for over 50 years. It is this unwavering focus that inspires banking solutions

that are convenient, value-added and customer-friendly. A full range of deposit schemes,

loans and services combined with personalized service and computerized efficiency.Featured herein are the entire range of products and services with key details to help you

choose the solution thats right for you.

they will be happy to help customer realize their dreams.

Retail and Housing Loan Solutions

Customers dreams inspire Greater Banks Loan Solutions.A range of convenient lowinterest schemes that help customer realize their dreams.

Commercial Loans Cash Credit, Term Loan, Bank Guarantee, Letter of Credit, Mortgage Loan Currently their PLR is 13% p.a.

EDUCATION LOANS

Vidya Loan SchemePurpose

To provide financial assistance to the meritorious & indigent students to undergo professional

courses including hostel accommodation with a view to acquire technical skills and training inany specialised discipline like

Medical & Dental Engineering Computer Science Management, etc.

Maximum Finance

Rs.3.00 Lacs

Basis Of AdvanceMaximum 85% of course fee.

Rate Of [email protected]%


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Eligibility

The applicant should be over 18 years of age and a confirmed employee of the allied

organization / establishment of repute having a regular source of income.Where the applicant is not having any income source, any one Parent / Guardian having a regular

source of income can apply as Co-borrower.

Where the student is a minor, any one Parent / Guardian having a regular source of incomeshould apply as a borrower.

Repayment Period

Maximum 60 month E.M.I.(Including repayment holiday of maximum 24 months)

Membership

Nominal membership where recovery U/S.49 is available. In all other cases regular membershipis applicable.

Share Holding5% of loan amount where recovery U/s. 49 is not available.

Guarantors

Two guarantors having a regular source of income including any family members filing regularIncome Tax Returns.

Collateral Security:50% of Loan amount to be secured against hypothecation of Household items and the remaining

50 % of the Loan amount to be secured by tangible security - any of the following:

Surrender Value of LIC Policies Government / Trustee securities such as NSC, KVP Marketable Shares of Blue Chip companies equivalent to the loan amount Term Deposits Mortgage of immovable property

Banking Relations

Previous banking relations are not necessary. Fresh A/c holders fulfilling above criteria may be

considered.

Documents To Be Submitted With The Loan Application :

Proof of age and educational qualification such as Mark sheet, Degree Certificate etc Proof of admission to the course with fee structure

Mode Of DisbrusementMargin money of 20% of course fee to be deposited in the A/c. 100% of course fee will be

remitted by pay order in favour of the institutions as per their course fee / payment schedule.


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HOUSING LOANS

Greater Bank Grihalakshmi Housing Loan

"Make Your Dreams Come True !"

Purpose

To provide housing loans to individuals at competitive interest rate considering the needs.

Eligibility

Salaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers,

Lawyers, Chartered Accountants, etc., Entrepreneurs

they Finance

Construct your own bungalow Buy flat/Row House Buy resale flat Take over of existing Housing Loans with other banks & financial institutions.

Rate Of Interest

Tenure (in years)

EMI PER LACUpto 5 Lakhs

@10.50%

5-10 Lakhs

@10.75%

10-30 Lakhs

@11%

30-50 Lakhs

@11.50%

5 2,149 2,162 2,174 2,19910 1,349 1,363 1,378 1,40615 1,105 1,121 1,137 1,168

They Provide

Express loan processing Simple loan documentation Low EMI Interest on daily reducing balance Low processing charges (1.00%)

Maximum Loan Amount of Rs.50 lakhs Life insurance for the principal borrower at nominal cost Added benefits of bank's membership

Shareholding2.5% of loan amount


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Requirement Of Documents For New Property

75% of Agreement Amount of the Residential property subject to his income eligibility

whichever is lower.

For Resale Property

75% of Agreement Amount of the Residential property OR 75% of the Valuation Amountwhichever is lower, subject to his income eligibility whichever is lower.

HOUSE RENOVATION LOANS

House Repair / Renovation Loan Scheme

"Your home will never be the same again!"

PurposeFor Repair / Renovation of Flat / House

EligibilitySalaried individuals, Businessmen, Self-employed professionals like Doctors, Engineers,

Lawyers, Chartered Accountants, etc., Entrepreneurs

Margin

20% of cost of work as specified in quotation.

Max. Loan Permissible

Rs.10,00,000/- (Rupees Ten Lakhs Only)

Rate Of Interest13.00% p.a.

PeriodMaximum 10 years or unexpired period of housing loan whichever is lower.

Guarantee RequirementTwo guarantors with regular income & good net worth.

PERSONAL LOANS

Greater Convenience Loan Scheme

PurposeIt is a simple personal loan to meet any genuine need of finance.


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Eligibility

Confirmed employees of reputed PSUs, Limited Companies, Central / State GovernmentEmployees and Professors / Asst. Professors / Lecturers of College / Universities and Research

Institutes having the latest net monthly salary (i.e. after all deductions) not less than Rs.10,000/-.

Maximum Loan Amount

Rs.2,00,000/- (Individual).

Rs.3,00,000/-(Group Loan with Salary deduction under sec 49 of MCS Act,1960 or Salary creditby way of ECS )

Tenure

60 months (Individual)

84 months(Loan above 2,00,000 Lakhs)

Rate of Intrest

Loans with Salary Deduction u/s 49 of MCS Act,1960 and / or with salary credit by way o

ECS

Under Group Tie up (with min. business exposure of Rs. 200.00 lakhs) for specificcategory of companiesconfirmed employees of reputed PSUs, Limited Companies,Central / State Govt. Employees, Multi National Companies (MNCs), Large Corporates,

Professionals etc. as approved by Corporate office.

14.50

Loans with Salary Deduction u/s. 49 of MCS Act, 1960 and / or with Salary Credit by way

of ECS

Under Group Tie up (with min. business exposure of Rs. 100.00 lakhs) for Medium

Corporates as approved by Corporate Office.

15.00

Loans with Salary deduction U/s. 49 of MCS Act 1960 and / or with salary credit by way

of ECS

For Small Companies that do not fall in the above two categories.

15.50

All other cases in which salary credit by way of ECS is not available but ECS credit of

Loan instalment is available,Employees of Pvt. Ltd.Companies, Business Category etc

16.00

List Of Documents Required

Salary Slip for the last 3 months Form No. 16 for last 3 years OR Income Tax Returns for last 3 years Bank Statement of Salary Account for the last 6 months


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Employers Certificate for period of service with details of designation etc. (Minimum 1year permanent employment)

Photograph and address proof and Identity Proof Details of the collateral security (in case salary deduction sec 49 of MCS Act,1960 is not

available) - only of the applicant

Two guarantors /sureties.

Security

a) Personal Suretyi) Two Personal Sureties.

ii) Additional Surety of the spouse (if married) OR father / mother (if unmarried).

b) Securityi.) Hypothecation of valuable items such as Television, Computer, Car, Refrigerator, Music

System etc upto 100 % of the loan amount incase salary deduction incase of salary deduction

Usec 49 of MCS Act,1960 or Salary credit by way of ECS.ii.) In all other cases-100% by way of Pledge of tangible securities viz NSC,KVP,LIC etc

/mortgae of immoveable property

Interest CalculationDaily Reducing Balance

Share Holding5.00 % shares of the loan amount by the applicant (regular membership) and the guarantors to

become nominal member

VEHICLE LOANS

Greater Four Wheeler Loan Scheme

PurposeTo provide finance for purchase of Four Wheelers viz.

New car, jeep, Multi Utility Vehicle (MUV),Special Utility Vehicle (SUV) Also for used car / jeep / MUV/ Special Utility Vehicle (SUV) (not more than 3 years

old)

Basis of Advance

New Vehicles80% of the On Road Price (cost of the vehicles + registration + insurance + one time road

tax)


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Used Vehicles60% of the valuation, which are less than three years old

Repayment Periodi) 60 months in case of New Vehicles.

ii)36 months in case of Used Vehicles. (Total period including loan tenure should not

exceed 72 months from the date of first purchase of vehicle) Mode of Repayment

i) EMI will be applicable from the subsequent month of availment of the loan by way of

ECS Debit / PDCs / Salary deduction U/s. 49 of MSC Act.

ii) PDC to be submitted invariably where sec 49 facility is not available.

Rate of InterestNew Vehicles13.00% p.a.Used Vehicles14.00% p.a.

Membership & Shareholdingi) Regular Membership i.e. 2.5% of loan amount

ii) Nominal membership for guarantor

GuarantorsOne guarantor having regular source of income filing regular income tax returns

Banking RelationsPrevious banking relations are not necessary. Fresh A/c holders fulfilling above criteria

may be considered.

Documents to be submitted along with Loan Applicationo Statement of Bank account of the borrower for last 12 monthso 2 passport size photographs of borrower(s)o Signature identification from bankers of borrower(s)o A copy of passport /voters ID card/PAN cardo Proof of residenceo Latest salary-slip for 3 months showing all deductionso I.T. Returns / Form 16 : 2 years for salaried employees and 3 years for

professional / self-employed / businessmen duly accepted by the ITO wherever

applicable to be submitted.

o Proof of official address for non-salaried individualsProforma Invoice of the vehicle to be purchased

TRAVEL LOANS

Yatri Loan Scheme

PurposeTo provide you with the financial assistance for your Holidaying and Tours (Inland & Foreign)

Eligibility

Salaried employees of reputed organizations , businessmen, Self-employed professionals filingIncome Tax returns.


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Limit Of Loan

Max. Rs.1.00 lakh

Basis Of Advance

Max. 80% of tour cost.

Repayment PeriodMax. 24 months E.M.I

Rate Of [email protected]% p.a.

Membership

Nominal where Recovery U/S 49 is available, otherwise regular membership.

Share Holding

5% of loan amt. where recovery U/S 49 is not available.

SecurityGuarantors are not necessary if recovery under sec.49 is available, otherwise two guarantorshaving regular source of income including any Family members filing regular Income Tax

returns

In case recovery u/s 49 is not available, then 24 post dated cheques are required to be obtained at

the time of disbursement of the loan.

Collateral Security

Hypothecation of valueable items such as Television,Computer,Car,Refrigetors,Music Systemetc.

Banking Relations

Previous banking relations are not necessary - Fresh A/c holders fulfilling the criteria may beconsidered.

Documents To Be Submitted With The Loan Application

Details about the Tour Cost Receipt of advance payment made if any at the time of booking Copy of Passport / Visa in case of Foreign Tour

Mode Of Disbursement

Margin money of 20% of tour cost to be deposited in the a/c.100% of tour cost will be remittedby pay order in favour of conductor of the Tour.


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MEDICAL LOANS

Dhanvantari Scheme For Medical Practitioners

Purpose

The loan scheme is available for setting up new dispensary / hospital or for acquiring

equipments, apparatus, furniture & fixtures for an existing / proposed establishment or for repairand renovation of existing establishment / purchase of vehicles for profession.

EligibilityQualified individual Medical practitioner(s) including Dentist/Radiologist from reputed

Universities and registered with Indian / Maharashtra Medical Council / Dental Council of India.

Margin

Minimum @ 25% on the assets considered eligible for loan.

Maximum Loan Permissible

As per our individual exposure norms.

Rate Of Interest

@ 14.50% p.a. on EMI basis.

Tenure

Maximum 84 months in Equated Monthly Installments including maximum 12 months

moratorium period. Interest during moratorium period will be charged on monthly rests.

Checlist Of Documents, Papers etc to be forwarded alongwith Application Form

Prescribed Application Form Project Report Registration certificate by Indian / Maharashtra Medical Council and / or Dental Council

of India.

Qualification Certificate Bank Statement of the borrower for last 6 months Net Worth form of the borrower and the guarantor(s) along with copies of I.T. returns for

last 3 years & latest personal Balance sheet

Xerox copies of property documents existing and/or proposed to be purchased which isoffered as security either prime or collateral

Estimates/ proforma invoices for the assets to be purchased Copies of any other security/ies offered as collateral security

Security

Prime: Hypothecation of medical equipments, apparatus, furniture & fixtures, vehicles etc. andmortgage of immovable property acquired out of the loan.

Collateral: As per our norms.


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Personal Guarantee

Two guarantors with satisfactory net worth.

Share Holding

The borrowers/guarantors should become regular members of our bank. The borrowers should

purchase share of our bank to the extent of 2.5 % of the total credit limit. The guarantor/s shouldpurchase minimum 40 shares of our bank.

MUTUAL FUNDS

Bank has entered into a tie-up agreement with three leading Mutual Fund Houses Viz. Reliance,SBI and HDFC MF to provide Mutual Fund services on referral basis.

The Mutual Fund distribution services are available across all their branches to all their existingas well as walk-in customers at the branch. The Bank has adequate number of AMFI certified

staff members to provide efficient service to the customers.

.

LIFE INSURANCE

Life Insurance Services through Max New York Life Insurance Co. Ltd.With an intention of providing Insurance related solutions to our customers Bank has entered

into a tie-up for Insurance services on referral basis with M/s. Max New York Life InsuranceCompany Ltd. for providing various Life insurance products and with M/s. Bajaj Allianz GeneralInsurance Co. Ltd. for providing general insurance services.

theirpartners specialize in Retirement Solutions, Solutions for Childrens Education & Marriage,Wealth Creation, Solutions for Familys Financial Security & Healthcare Solutions. They alsospecialize in providing comprehensive financial planning tools for business houses focused on

Tax deferment, employee retention & business income continuation protection with wide range

of general insurance services.

GENERAL INSURANCE

General Insurance Services through Bajaj Allianz General Insurance Co. Ltd. With an intention of providing Insurance related solutions to their customers Bank has entered

into a tie-up for Insurance services on referral basis with M/s. Bajaj Allianz General InsuranceCo. Ltd. for providing General Insurance services and with M/s. Max New York Life Insurance

Company Ltd. for providing various Life Insurance products.


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theirpartners specialize in Retirement Solutions, Solutions for Childrens Education & Marriage,Wealth Creation, Solutions for Familys Financial Security & Healthcare Solutions. They alsospecialize in providing comprehensive financial planning tools for business houses focused on

Tax deferment, employee retention & business income continuation protection with wide range

of general insurance services.

RELIANCE ENERGY BILL PAYMENT

Reliance Energy Bill PaymentIn addition to the Utility Bills collection services offered to the existing customers, their bank

offers collection of Reliance Energy Bills for Electricity Charges to the walk-in customers

through special counters at Borivali, Dahisar, J. B. Nagar, Kandivali, Malad and VileParlebranch.

Customers can submit their Reliance Energy Bill at the above counters from 8.00 a.m. to 11.30p.m. Monday to Friday and 9.00 a.m. to 11.30 a.m. on Saturday.

UTILITY BILLS

Bank is offering customer friendly service ( Say NO to Q ) by way of collecting over 20 utilitybills for payment towards various services like Telephone, Electricity, Mobile bills etc. through

M/s. Tech Process Solutions Ltd. (previously known as Bill Junction)

Bills have to be submitted by our customers at the branches at least 3 days prior to the due dateof the bill for processing. Customers can also provide standing instruction to the service

providers for direct debits to their bank account with their branch. This service is appreciated by

all customers especially by Senior citizens who in real sense can avail all services under oneroof.

PAN CARD SERVICES

Their Bank has entered in to an agreement with UTITSL for distribution of PAN services to ourcustomers.

In order to improve PAN related services, the Income Tax department has authorized UTITechnology Services Ltd. (UTITSL) and National Securities Depository Limited (NSDL) to set


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up and manage IT PAN Service Centers to dispense PAN card in all cities & towns.

PAN card Charges i.e. Coupon Charges Rs. 94/-.

Dispatch Of Pan Card

PAN card would be dispatched at the address indicated by the customer in the PAN applicationform by UTIISL.

Note on PAN CardPAN Card - Permanent Account Number (PAN) is a ten digit alphanumeric number, issued inthe form of a laminated card, by the Income Tax Department.

It is now mandatory to possess a PAN for filing of Income Tax Returns by Individuals, HUF,

NRI, Corporate etc. It is also compulsory to quote PAN in all documents pertaining to financialtransactions notified from time-to-time by the Central Board of Direct Taxes and for opening of

Demat Account as directed by SEBI. PAN must be mentioned while making cash transaction

above a threshold limit.

In order to improve PAN related services, the Income Tax department has authorized UTI

Investor Services Ltd. (UTIISL) and National Securities Depository Limited (NSDL) to set up

and manage IT PAN Service Centers to dispense PAN card in all cities & towns where there isan Income Tax office.

Considering the growing regulatory requirement and KYC norms for all financial transactionthere are many such individuals who would require to posses PAN. Customers who already have

old cards can exchange their cards for a new Tamper Proof Card.

LOCKERS

Locker facility to suite the requirement of our customers is available at select branchesthroughout the branch hours i.e. 8.00 a.m. to 8.00 p.m. and on Saturday and Sunday from 9.00a.m. to 1.00 p.m.

Locker Rent :

Rates in INR

Locker Type Locker Size Revised Rent p.a.*A A 950

B B 1,500

C 2A+ 2,000D D 2,200


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H1 2B+ 3,000

E 2B+ 3,000

F 4A+ 4,300G 2D+ 4,400

H 4B+ 6,000

L2 4D- 9,000L/J/K 4D+ 11,000*Inclusive of Service Tax.

FRANKING

Document franking services is available to all their existing as well as walk-in customers at the

branch. Customers can avail the services of franking their documents at a nominal charge of Rs.

10/- per document.

These services are available at their Bhuleshwar, Dadar, J.B. Nagar, Versova, and Kandivalibranch from 10.00 a.m. to 5.00 p.m. Monday to Friday and 10.00 a.m. to 1.00 p.m. on Saturday.

DEMAT

Features Demat services

Demat Tarrif Download Forms

They can highlight the following feature in demat portal:

Competitive Tarrif structure 20 branches (Collection Centre) in Mumbai Anywhere demat services through out our branches
http://www.greaterbank.com/Services/MutualFund.aspx#featureshttp://www.greaterbank.com/Services/MutualFund.aspx#dematserviceshttp://www.greaterbank.com/Services/MutualFund.aspx#demattariffhttp://www.greaterbank.com/Services/MutualFund.aspxhttp://www.greaterbank.com/Services/MutualFund.aspxhttp://www.greaterbank.com/Services/MutualFund.aspx#demattariffhttp://www.greaterbank.com/Services/MutualFund.aspx#dematserviceshttp://www.greaterbank.com/Services/MutualFund.aspx#features


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Demat services available from 8.00 a.m to 8.00 p.m at branches Demat services available on sunday Demat statement available with valuation on internet ISO certification

Demat Services:

Account opening Dematerialisation Rematerialisation Pledge Unpledge Settlement transaction Other transaction

Easy/Easiest

Demat Tariff:

Schedule Of Benefits Demat Account

SERVICES MINIMUM AMOUNT

Account Opening Charges FREE

Custody Charges FREE

Account Maintenance ChargesRs.360 per annum for Individual

Rs.1000 for othersOne Time Documentation Charges(Upfront)

Rs.110

STATEMENT

Quarterly statement by post N.A. Free

On request statement at the branch Rs.15 Minimum

TRANSACTIONS

Dematerialisation Rs.3 per certificate

Postage per Demat Request Rs.25

Rematerialisation per Request0.12% (Subject to minimum Rs. 23/- per

request)

Purchases ( Market & off market) FREE

Sell (Market & off Market) 0.05% of market value*Rs.23 per

transaction

Interdepository Sell/ Transfer 0.05% of market value* Rs.23 per


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transaction

Pledge Creation N.A.Rs.50 per

transaction

Pledge Invocation N.ARs.50 per

transaction

Freeze Charges Rs.50 per ISINNotes:

* For calculation of charges based on market value.

# Service Tax as prescribed by tax Authorities would be levied on above tariff

FOREX

Foreign Business Department

They are an Authorised DealerCategory II Bank. Foreign Business services of their Bank are

extended for the benefits of their customers. They offer the following specialized services

through tie up arrangement with Authorised Dealer The Saraswat Co-Op. Bank Ltd.

Currency Exchange :

Issuance / Encashment / Surrender of Foreign Currency USD ($), GBP (), Euro () & JY ()Only.

Remittances :

Inward Remittance :

They facilitate inward remittances from abroad for various purpose at attractive conversion rate,

as permitted by RBI / FEMA rules: -.

1. Advance against export.2. Commission for services rendered to foreign clients.3. Consultation Charges4. Gift from abroad


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5. Any other purpose as permissible under FEMA.Outward Remittance :

They facilitate the following outward remittances as permitted by RBI / FEMA rules:

1. Advance against Import2. Business promotion / visit (except Nepal and Bhutan)3. Private Visit4. Employments Abroad5. Emigration6. Higher Education7. Medical Treatment / hospitalization abroad.8. Maintenance Expenses of patient going abroad for treatment / check-up and expenses of

attendant.

9. Participation in international conferences / seminars / specialized training / Study Tour.10.Gift, Donation and Maintenance of Close Relatives abroad.11.Agency commission on export.12.Freight Charges13.Any other Misc. remittance.

Exports : -

Negotiation under Prime Bank L/C :

The export documents presented by their customers for negotiation under prime bank L/C are

processed through Authorised Dealer and proceeds are credited to theirclients account.


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Discounting of Export Bills :

Export bills of their clients enjoying Export Bills Purchase / Bills Discounting limits with ECGC

Cover are purchased / discounted and proceeds are credited to theirclients account.

Collection of Export Bills

Export Bills are collected through Authorised Dealer in an expeditious manner.

Imports : -

Establishment of Import L/C :

Import L/Cs are established to their clients enjoying credit limits from their bank.

Collection of Import Bills :

Payments against Foreign Inward Bills for collection are made through Authorised Dealer.

Other Services :

They extend specialized services like foreign Cheque Collection, issuance of Foreign Demand

Draft, issuance and encashment of Travellers Cheque, Forward Contract booking for Export and

Import purpose.

Contact Address: The Greater Bombay Co-Op. Bank Ltd.

Foreign Business Department


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GBCB House, 89, Bhuleshwar,

Mumbai 400 002

Tel No. : 2240 85 71, 2240 88 90, 2241 18 43

Fax No. : 2241 12 10

One-Stop-Travel Shop for all your Travel and Forex needs :

They also extend the following services on referral basis through Cox & Kings (India) Ltd. to

cater to travel and forex needs of our customers. These services are available through all of our

branches.

Foreign Currency Pre-paid Cards Fund Transfer through SWIFT Travellers Cheque Foreign Currency Demand Drafts Overseas Travel Insurance.

NEFT & RTGS

RTGS (Real Time Gross Settlement)

Beneficiary account credited within 2 hours in RTGS (Amt Rs.1 Lakh and above)

Assured transfer of funds Reasonable rate of commission as compared to demand drafts and pay order

NEFT (National Electronic Funds Transfer)

Immediate remittance of funds by electronic mode of payment across India


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Beneficiary account credited on the same day in NEFT (No limit on minimum andmaximum amount to be transferred)

Highly secured / No risk mode of funds transfer

SHARE HOLDERS CORNER

Services Offered To The Members Are As Follows

Financial assistance, under the members welfare scheme for medical, education, sportspurposes.*

Medical check-up at Lilawati Hospital for the members above 40 years of age.* Members are covered under personal death accident insurance for Rs.1.00 lacs.* Holiday home facility at Lonavala.*


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Gallery

Latest Events

C.E.O Shri B.V.R Sarma felicitating Shri Darekar (DirectorStaffRepresentative)

Union's President

Shir Anand Rao

Adsul(M.P)felicitating Shri

Darekar (DirectorStaff Representative)
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Chairman Shri Narendrakumar Baldota with Hon.Chief Minister of

Maharashtra Shri Ashok Chavan at JITO 2009
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Children present at Bhandup Branch for Drawing Competition.

Children participating in the Drawing competition at Bandra Branch.
http://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/kids_drawing1.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/kids_drawing1.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/kids_drawing1.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/kids_drawing1.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/litle_kids.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/kids_pratics.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPGhttp://g/BMS/project/cooperatives/THE%20GREATER%20BOMBAY%20CO-OPERATIVE%20BANK%20-%20A%20SCHEDULED%20INDIAN%20BANK41_files/Kids_batch.JPG


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BRANCH NETWORK

Andheri (E)

View Map

Unit No. G - 1, Wing - B, Silver Astra Apt., J. B. Nagar Andheri (E) Mumbai - 400059.

Phone No. 28370772

Telefax No. 2837 0682

Email Id: [email protected]

Bandra (W)

View Map

Dominic Holm, 127 - A, 29' T.P.S. III Road Bandra (W) Mumbai - 400050.

Phone No. 2642 0150


http://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/


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Bandra Reclamation

View Map

IES Management College `Vishwakarma, Gate No. 1, VMD Lotlikar Vidya Sankul, Opp.Lilawati Hospital, Bandra Reclamation Mumbai - 400050.

Phone No. 2643 8849Telefax No. 2643 8163


Bhuleshwar

View Map

GBCB House, 89, Bhuleshwar Mumbai - 4000002.

Phone No. 22411843, 22408890



Dadar (E)

View Map

Naoroji House, N. C. Narielwala Agiary Trust Bldg., Dadar (E) Mumbai - 400014.



Dahisar (E)

View Map

6, Sheffield, Ground Floor, Opp. Jari Mari Garden, Anand Nagar, Dahisar (E) Mumbai - 400068.Phone No. 28281409, 28280888

Telefax No. 28281991


Ghatkopar (E)

View Map

Amrut Kunj, Anjaria Wadi, Dr. Doshi Nursing Home, M. G. Road, Ghatkopar (E) Mumbai -400077.

Phone No. 25128936, 25124906Telefax No. 25124906


Goregaon (W)

View Map
http://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/


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110, Jawahar Nagar, Goregaon (W) Mumbai - 400062.

Phone No. 2872 3793, 2871 1137



Kandivali (W)

View Map

Bhoomi Apartments, Bldg. No. 8, Dahanukar Wadi, Sector 4, Panchsheel Enclave, Kandivali(W) Mumbai - 400067.

Phone No. 29671086, 29673361


Email Id: [email protected] (W)

View Map

M. D. Shah Mahila College, Near Liberty Garden, Malad (W) Mumbai - 400064.Phone No. 2880 7088



Naigaon

View Map

Lalwani Industrial Estate, 14, Katrak Road, Wadala, Naigaon Mumbai - 400031.



Nerul (W)

View Map

Shop No 10 11 12 13 Amrita Sadan Sector-22 Opp Nerul Raiway Station Nerul (W) Mumbai -

400706.Phone No. 27711131, 27704121



Thane (W)

View Map

Shop No. 2 & 3, Prince Palace Bldg., Next to Khandelwal Sweets, Near Aradhana Theater,

Panchpakhadi, Thane (W) Thane - 400602.

Phone No. 2537 2928, 25418523
mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]


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Vasai (W)

View Map

Regency Co-op. Hsg. Scty., Opp. St. Francis High School, Ambadi Road, Vasai (W) Thane -401202.Phone No. 95250 - 2339 468

Telefax No. 95250 - 2337 442


Vashi

View Map

Om Nivas, Plot No. 186, Sector 12. Opp. Mega Mart, Vashi, Navi Mumbai - 400 705. Vashi

Mumbai - 400705.Phone No. 27884401, 27884402Telefax No. 27884401

Versova

View Map

Sea Pearl Apartments, J. P. Road, Opp. Pratap Colony, 4 Bunglows, Versova Mumbai - 400058.

Phone No. 2634 2832, 26362114



Vile Parle (E)

View Map

Meghmala Co-op. Society, Sant Janabai Road, Vile Parle (E) Mumbai - 400057.Phone No. 2614 4977, 2612 3982


Email Id: [email protected] (W)

View Map

198, Ratan Bhavan, D.S. Barretto Rd., Wadala (W) Mumbai - 400031.Phone No. 2412 5638, 2411 2975Telefax No. 2417 2248


Borivali (E)

View Map
mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/http://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/http://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]://void%280%29/http://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]


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A - 11, Rattan Nagar, Borivali (E) Mumbai - 400068.

Phone No. 2893 3379, 2893 8559Telefax No. 2890 5036


Bhandup (W)View Map

Guru Nanak Udyog Bhavan, Gala No 2 and 3, L.B.S. Marg Bhandup (W) Mumbai - 400078.

Phone No. 022-25667130

Telefax No.

mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]:[email protected]:[email protected]://void%280%29/mailto:[email protected]://void%280%29/mailto:[email protected]


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COOPERATIVES

PROJECT

ON

GREATER BOMBAY

COOPERATIVE BANK LTD.

BY:

VISHAL SINGH-556

ANKIT YADAV-563

MEHRAN ZAVERI-564

PRADEEP SHEGAVKAR-551

TEJAS RAGHUVIR-544

JUJER PATHANWALA-540.


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ACKNOWELDGEMENT

We would like to thank our professor mrs.Rupa aditya for

helping & guiding us throughout the project & also for

improving pur knowledge on the subject.


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CONTENTS

1.Introduction2.Progerss at glance3.Financial highlights4.Deposits5.Loans6.Mutual fund7.Life insurance8.PAN card services9.Lockers10. Demat11. Forex.12. Bibliography.


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BIBLIOGRAPHY

WWW.GREATERBANK.COM.

Greater Bombay Bank CO OPERATIVES

Documents

Transcript of Greater Bombay Bank CO OPERATIVES