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Silver Jubilee Year.
Latur Urban Bank celebrating 25 years successful completion Year.
For this reason bank will arrange number of different programs.
BBPS is Bharat Bill Payment Services for making payment of various utility bills like mobile , electricity, gas, landline telephone etc..
What is Bharat Bill Payment System (BBPS)?
What is the current scope of Bharat Bill Payment System (BBPS)?
What are the examples for such service providers that have been included on the BBPS platform?
What is the benefit of BBPS to customers?
Through the vast network of agents or BBPS outlets which could include bank branches, business correspondents, Customer Service Points, retail agents of aggregators, ATMs (Automated Teller Machine), Kiosks, etc. customers will be able to pay bills of the billers, at any time (24 X 7), enrolled in the BBPS system at any BBPS outlet.
How can a customer initiate payment through BBPS?
What is the process for the Bill payment through BBPS?
Is there any confirmation received from the vendor on Bill payment?
Are there any fees or charges applicable for payments made through BBPS?
|
Purpose |
To meet the expenses of Post Graduation / Job Oriented Professional courses in India and Abroad |
|
Eligibility |
Salaried Employees / Businessmen / Professionals having regular source of income |
|
Loan Amount |
Maximum Rs.10/- Lac for domestic and Rs. 20 lac for abroad |
|
Margin Period |
Maximum 7 years ( including moratorium period) |
|
Rate of Interest |
Attractive rate of interest |
|
Security |
Collateral security equal to quantum of finance |
|
Guarantee |
Two competent guarantors acceptable to bank. |
|
Processing Charges |
0.5 % of the loan amount applied |
|
Shareholding |
As per Bank's rule |
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Special Features |
· No prepayment charges · Issue of Solvency Certificate · Foreign Currency / Demand Drafts / Traveller’s cheques available |
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Documents Required |
I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors |
| Sr. No | Period | Interest Rate | Sr. Citizen Interest Rate | Organization, Firm, Company Interest Rate |
|---|---|---|---|---|
| 1 | 07 days to 45 days | 3.00 % | 3.50 % | 3.00% |
| 2 | 46 days to 90 days | 4.00 % | 4.50% | 3.00% |
| 3 | 91 days to 180 days | 5.00 % | 5.50 % | 3.50% |
| 4 | 181 days to 12 months | 6.00 % | 6.50% | 6.00% |
| 5 | Above 12 months to 24 months | 6.50% | 7.00% | 6.50% |
| 6 | Above 24 months to 60 months | 6.75% | 7.25% | 6.75% |
| 7 | Above 60 months to 120 months | 7.25% | 7.75% | 7.25% |
| 8 | Saving Account | 3.00% | --- | --- |
| Sr. | Particulars | RATES EXCLUDING GST | |
|---|---|---|---|
| No. | |||
| 1 | Charges for non-maintenance of Average quarterly balance (AQB) | (Incidental Charges/Minimum Balance) | |
| a) SB A/c with Chq. Book | Rs. 50/- per Qtr. | ||
| SB A/c without Chq. Book | Rs. 30/- per Qtr. | ||
| Little Master Saving Account (with or without Cheque Book) |
Rs. 30/- per Qtr. | ||
| b) CA A/c Rs. 2500/- | Rs. 300/- per Qtr. | ||
| 2 | Account Closure Charges | ||
| i) | Savings Bank A/c | ||
| - Within 6 month | Rs. 200/- | ||
| - Within 1 year | Rs. 100/- | ||
| ii) | Current A/c | ||
| - Within 6 month | Rs. 500/- | ||
| - Within 1 year | Rs. 300/- | ||
| iii) | Recurring Depo. (Before Maturity) | Rs. 50/- (Stationary Chg.) | |
| iv) | Pigmy Account | Rs. 40/- | |
| v) | Unutilized cheque leaves at the time of closure fo Account |
||
| Savings Bank A/c | Rs. 2.5/- per leaf | ||
| Current A/c | Rs. 6/- per leaf | ||
| 3 | Inoperative A/c | ||
| SB A/c ( Above 2 Years) | Rs. 200/- Per Annum | ||
| CA A/c ( Above 2 Years) | Rs. 500/- Per Annum | ||
| 4 | Balance Certificate | ||
| Savings Bank A/c | Rs. 50/- per certificate | ||
| Current A/c | Rs. 50/- per certificate | ||
| Deposit A/c | Rs. 50/- per certificate | ||
| Loan A/c | Rs. 50/- per certificate | ||
| Issue of Certificate viz. NO Dues, NOC, Interest Certificate, Cheque Honored, Account maintenance, etc. |
Rs. 100/- per certificate | ||
| Cash Deposit / Withdrawal limit at the non-home branch (free of charge) | |||
| Savings Bank A/c | i. Deposit = No limit, ii. Withdrawal = Rs. 50,000/- per day |
||
| Current A/c | i. Deposit = No limit, ii. Withdrawal = Rs. 50,000/- per day |
||
| Issue of Chq. Book | |||
| Savings Bank A/c (15 cheque Leafs) | Rs. 3.00/- per Leaf | ||
| Current A/c (45 cheque Leafs) | Rs. 2.00/- per Leaf | ||
| Cash Credit (45 cheque Leafs) | Rs. 3.00/- per Leaf | ||
| Duplicate Pass Book | |||
| Savings Bank A/c | Rs. 50/- | ||
| Recurring Depo. | Rs. 50/- | ||
| Statement of A/c | |||
| Savings Bank A/c | Rs. 20/- per page or part thereof | ||
| Current A/c | Rs. 20/- per page or part thereof | ||
| Cash Credit | Rs. 20/- per page or part thereof | ||
| Photo Attestation | Rs. 100/- Per Request | ||
| Signature Verification | Rs. 100/- Per Request | ||
| Address Confirmation | Rs. 50/- Per Request | ||
| Standing Instruction for branch | Rs. 15/- Per Request | ||
| Standing Instruction for another branch | Rs. 15/- Per Request | ||
| Addition / Deletion of Names | Rs. 30/- Per Request | ||
| Addition / Deletion of Names in case of death | Nil | ||
| Allowing operation through the power of attorney/mandate | Rs. 100/- Per Request | ||
| Transfer of Funds (ABB) | Nil | ||
| Issue of ATM Card & PIN Mailer | |||
| New ATM Card | |||
| Savings Bank A/c | Free | ||
| Current A/c | Free | ||
| ATM Card Maintenance charges yearly after the date of issue of ATM Card | |||
| Savings Bank A/c | Rs. 100/- | ||
| Current A/c | Rs. 100/- | ||
| ATM Card Renewal Charges (for three years) | |||
| Savings Bank A/c | Nil | ||
| Current A/c | Nil | ||
| Duplicate ATM Card & PIN Mailer | |||
| Savings Bank A/c | Rs. 120/- | ||
| Current A/c | Rs. 230/- | ||
| Duplicate Deposit Receipts | Rs. 150/- per Receipt | ||
| Cheque Return | |||
| Savings Bank A/c | Rs. 150/- (Inward / Outward) | ||
| Current A/c | Rs. 150/- (Inward / Outward) | ||
| Cash Credit | Rs. 150/- (Inward / Outward) | ||
| Stop payment Instructions | |||
| Savings Bank A/c | Rs. 70/- Per Leaf | ||
| Current A/c | Rs. 120/- Per Leaf | ||
| CC /CCD /CCC A/c | Rs. 120/- Per Leaf | ||
| Stop Payment instruction after the loss of complete cheque book or range of cheques | |||
| Savings Bank A/c | Rs. 100/- Per instance | ||
| Current A/c | Rs. 200/- Per instance | ||
| CC /CCD /CCC | Rs. 200/- Per instance | ||
| OBC/IBC Cheques | Min. Rs. 46/- + Postage | ||
| Upto Rs. 1,00,000/- | Rs. 5 Per Thousand +Postage | ||
| More than Rs. 1,00,001/- | Rs. 575/- + Postage (Per Cheque) | ||
| Solvency Certificate | |||
| Upto Rs. 1,00,000/- | Rs. 500/- Per Certificate | ||
| More than Rs. 1,00,001/- | Rs.2000/- Per Certificate | ||
| (Maxi. Rs.10,000/- Per Certificate) | |||
| Pay order/ D.D. | Min. Rs. 30/- Or | ||
| Rs. 1.00 Per Thousand | |||
| Revalidation of Pay order / DD | Rs. 50/- per instrument | ||
| Cancellation of Pay order / DD | Rs. 50/- per instrument | ||
| Issue of duplicate Pay order / DD | Rs. 50/- per instrument | ||
| Electronic Clearing Service {ECS} (Inward / Outward - Return) | |||
| Savings Bank A/c | Rs. 200/- | ||
| Current A/c | Rs. 300/- | ||
| CC /CCD /CCC | Rs. 300/- | ||
| Loan file processing Charges | |||
| For CRE Loan | 2% of loan limit | ||
| For Non-CRE Loan | 1% of loan limit | ||
| Renewal of Cash Credit | 0.25% of the limit (Maximum Rs. 25,000/-) | ||
| Loan File Inspection Charges (New / Renewal) | |||
| Up to Rs. 1,00,000/- | Rs. 50 Per Annum | ||
| Rs. 1,00,001/- to Rs. 5,00,000/- | Rs. 100 Per Annum | ||
| Rs. 5,00,001/- to Rs. 10,00,000/- | Rs. 300 Per Annum | ||
| Rs. 10,00,001/- to Rs. 20,00,000/- | Rs. 400 Per Annum | ||
| Rs. 20,00,001/- to Rs. 30,00,000/- | Rs. 500 Per Annum | ||
| Rs. 30,00,001/- to Rs. 40,00,000/- | Rs. 600 Per Annum | ||
| Rs. 40,00,001/- to Rs. 50,00,000/- | Rs. 900 Per Annum | ||
| Rs. 50,00,001/- and Above | Rs. 1000 Per Annum | ||
| Stationary Charges On Loan Files (New/Renewal) | |||
| Up to Rs. 1,00,000/- | Rs. 100/- | ||
| Above Rs. 1,00,000/- | Rs. 200/- | ||
| Bank Guarantee Commission | |||
| a. 100% of deposit | 1% of the Bank Guarantee amount | ||
| b. 50% of Deposit + acceptable collateral security for bank | 2% of the Bank Guarantee amount | ||
| c. less than 50% of Deposit + acceptable collateral security for bank |
3% of the Bank Guarantee amount | ||
| Charges for Pre Payment of Loan | 3% of Balance Amount | ||
| (Other than Housing Loan) | |||
| RTGS Charges | |||
| Rs. 2,00,001/- to 5,00,000/- | Rs 30/- Per RTGS | ||
| More than Rs 5,00,001/- | Rs 50/- Per RTGS | ||
| NEFT Charges | |||
| Up to Rs 10,000/- | Rs. 10/- | ||
| Rs. 10,001/- to 1,00,000/- | Rs. 20/- | ||
| Rs. 1,00,001/- to 2,00,000/- | Rs. 30/- | ||
| Above Rs. 2,00,000/- | Rs. 50/- | ||
| Missing Locker Key | Rs. 500/- + Actual Charges paid to the company | ||
| Missing of Token | Rs. 100/- Per Token | ||
| E-Payment Charges | Rs. 100/- Per Challan | ||
| Pending Locker Rent (Notice charges) | Rs.50/- + postage charges | ||
| Penalty on late payment of Locker Rent | Rs.50/- per month | ||
| Franking Charges | Rs. 10/- Per Frank | ||
| Franking Cancellation Charges | Rs. 1,000/- for 1st copy & Rs. 250/- per copy of the rest original copies | ||
| SMS Banking | Rs. 15/- | ||
| Overdue notice charges by Branch Manager / Special Recovery Officer | Rs. 500/- | ||
| Overdue legal notice charges by Legal Advisor | Rs. 1,500/- | ||
Requested parties supplying hardware software related to computer system, Furniture supplier, stationary supplier are required to enroll them self on This email address is being protected from spambots. You need JavaScript enabled to view it.
At the outset, I extend my warm greetings on behalf of the Bank and heartily welcome to Latur Urban Co-op Bank Ltd family, through launch of this Bank’s innovative website, which you all are visualising right now.
During past two decades, we have expanded our wings from Latur District to Capital City of Maharashtra. With a mission to become one of the best model and ideal (UCB) Urban Co-operative Bank in the State of Maharashtra, today, The Latur Co-op Bank, is a leading and progressive Urban Co-operative Bank spread in 7 Districts of Maharashtra.
In the past 25 years, since inception, we have received various awards and laurels for the best banking bringing delight on the faces of all our worthy customers. It is an internal best reward for customer’s satisfaction which is bringing and developing long lasting relationship and making the bank as a “Latur Bank Family”
With the new initiatives & our continuous efforts towards modernisation and upgradation of the banking services, within the stipulated norms of Reserve Bank of India, we are confident that our Bank i.e. The Latur Urban Co-op Bank is having a bright and prosperous future in the eyes of all our existing and prospective customers.
As we all are aware of the (IT) Information technology revolution in the banking industry which is changing the mode of banking business, we have ensured and extended range of banking products and increased the expectations and demands of all our clients.
To be among the best in banking industry our bank is having long term vision of introducing time to time new innovative IT products for better easy and e-banking. Our vision is “Latur Urban Bank is not our Profession, It is our Mission”
As a chairperson, I place on record, my gratitude to all our valued members, customers and well-wishers for their continued confidence, support and cooperation in the past and years to come. My sincere thanks to all the learned authorities of the Reserve Bank of India, Co-operative Banks, Registrar of Co-op. Societies,Other Banks, Financial Institutions and other organizations, for their guidance and assistance extended.
|
1) |
Loan Amount |
:- |
Up to Rs. 5,00,000/- (maximum) |
|
2) |
Rate of Interest |
:- |
12% to 16% ( under the sole discretion of sanctioning authority) |
|
3) |
Period |
:- |
Maximum 12 months ( Renewal every Year) |
|
4) |
Margin |
:- |
30% |
|
5) |
Guarantor |
:- |
Two good means(explore the possibility of additional guarantee of spouse although spouse in not having any documentary income proof) |
|
6) |
Share Holding |
:- |
@2.5% of sanction limit |
|
7) |
Processing Fees |
|
@ 1 % of loan amount + applicable G.S.T. (amount will be reduced to the extent of 0.5% in deserving cases subject to entire banking with us) @ 0.50% every year at the time of renewal |
|
8) |
Eligibility |
:- |
20% of total Salesor 70% of (Debtors+stock-creditors)or Requested amount whichever is lower. |
|
9) |
Documents |
:- |
As Applicable. (ITR, Financials, Bank statements, Stock & debtors statement, any other as applicable) |
|
10) |
Insurance |
:- |
As applicable. (Personal insurance and insurance for stock & furniture at shop) |
|
11) |
Renewal |
:- |
Every year |
|
12) |
Security |
:- |
Hypothecation of stock + debtors – creditors, Furniture in premises, |
|
13) |
Who can Apply |
:- |
|
KYC APPEAL :
Dear Customer,
We would like to invite your attention to the Reserve Bank of India guidelines on "Know Your Customers" (KYC) norms and obligations under PMLA 2002, which makes it mandatory for banks to periodically update records of the customer with latest information relating to their identity proof and address proof, e-mail ids, telephone numbers etc. Hence, we request the account holders to submit required documents along with KYC updation form at your Branch. The list of KYC Documents and KYC Form is made available at the Branch or click here to download. For more details contact the Branch Manager of the concerned Branch. We appreciate your co-operation in complying with Regulatory requirements.
Aadhaar Link Account :
LPG for Domestic Cooking is heavily subsidized. In order to restrict the use of subsidized LPG, for the benefit of genuine domestic customers, every household is permitted only one registered LPG connection in the name of one of the family members. However, every registered customer is entitled to receive refills as per his domestic cooking need.
Benefits :
On opening an AADHAAR ENABLED Latur Urban Co-Op BANK ACCOUNT following benefits will be directly credited in your account :
How To Link? :
The Government subsidies will be directly credited to your account! We are committed to offer Aadhaar enabled services to our customers for receipt of various Government Subsidies / Schemes through our Branches and other delivery channels of the Bank for financial Inclusion project of Govt. of India.
Unclaimed Deposits / Inoperative Accounts :
Unclaimed Deposits / Inoperative Accounts (Term Deposits, Current, Savings Accounts) which are inactive / inoperative for ten years or more.
Customers are advised to approach the nearest branch for payment of unclaimed deposits and submit the following for making the account live:
Customers can call 9552521944/43 for support on locations of branch
Internet Banking:-
This service is available to you 24 x 7. You can check your Account Balance,Download A/c Statement, pay your Bills, Recharge your Mobile/ DTH connection, do online Shopping and much more in a secure environment.
Mobile Banking:-
You can send money to a beneficiary account from anywhere in India from your mobile phone. The money can be withdrawn by the beneficiary from his/her bank account or any ATM Machine. Once the transaction gets completed the remitter and beneficiary will get an sms confirmation of transaction immediately.
SMS Banking:-
With this service, you will receive an SMS on your registered mobile number informing you about following list of SMS Alerts .
Important Links:-
Download Forms:-
Retail Loan
Saving Account
Debit Cards
Commercial Loan
Fixed Deposit
Webmail Login
