Services > RTGS
Real Time Gross Settlement (RTGS) System is set up, operated and maintained by Reserve Bank of India to enable funds settlement on real-time basis across Banks in the country. GS Mahanagar Co-op. Bank Ltd is a member of RTGS with all its branches offering this facility.
The main benefit of the RTGS is that the payee Bank and their customers receive funds with certainty, or so-called finality, during the day, enabling them to use the funds immediately without exposing themselves to risk. You can now remit money to any of the designated bank branches all over India which will reach the beneficiary the same day, within hours. Presently there are more than 1,60,000 RTGS enabled bank branches.The latest list of these branches is available on the RBI website at the link https://rbi.org.in/Scripts/Bs_viewRTGS.aspx?
GS Mahanagar Co-operative Bank Ltd offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other bank branches, which are RTGS enabled. GS Mahanagar Co-op. Bank Ltd customers can also receive funds from other RTGS enabled bank branches. The minimum amount to be remitted through RTGS is Rs 2.00 lakh with no upper limit.
GS Mahanagar Co-operative Bank Ltd offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other bank branches, which are RTGS enabled. GS Mahanagar Co-op. Bank Ltd customers can also receive funds from other RTGS enabled bank branches. The minimum amount to be remitted through RTGS is Rs 2.00 lakh with no upper limit.
GS Mahanagar Co-operative Bank Ltd offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other bank branches, which are RTGS enabled. GS Mahanagar Co-op. Bank Ltd customers can also receive funds from other RTGS enabled bank branches. The minimum amount to be remitted through RTGS is Rs 2.00 lakh with no upper limit.
GS Mahanagar Co-operative Bank Ltd offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other bank branches, which are RTGS enabled. GS Mahanagar Co-op. Bank Ltd customers can also receive funds from other RTGS enabled bank branches. The minimum amount to be remitted through RTGS is Rs 2.00 lakh with no upper limit.
Services > NEFT
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member banks and financial institutions. Our bank is one of the participants in the above system. Presently All branches are enabled to offer NEFT facilities to their customers.
Services > Locker
Safe Deposit Locker
GS Mahanagar Bank offers Safe Deposit Lockers facility to its customers at selected branches. The facility is made available throughout business timings of the branch.
Benefits Of Locker Facility
- All locker's depth size is same 19.35"
- Locker holder will allow to placed own additional personal lock in locker box
Guideline For Customer
- Must be opened the person's current or savings account at any branch for that person who want to keep locker facility. Locker access allow on banking hours.
List of the Branches offering Safe Deposit Locker Facility Click here
Type Of Lockers Available and their Rents Click here
Services > Demat
Our Bank now offers Demat Services as a Depository Participant (DP) of National Securities and Depository Ltd. (NSDL) through our Mumbai, Navi Mumbai and Thane Region Branches.
SEBI NOTIFICATION - In respect of DEMAT Account holders:
- "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
- "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors."
Demat :
- Demat is a process, where at the request of the customer, the physical stocks are converted into electronic entries and maintained in the depository system.
Depository :
- Depository is a provider of facility for holding and / or transacting securities in book entry form. Physical securities can be converted in to book entry form i.e. electronic form by way of immobilization or Dematerialization (so that they exist only as electronic records). India has chosen the Dematerialization route. A depository functions somewhat similar to a commercial Bank. To avail of the services offered by a depository, the investor has to open a Demat account with a registered Depository Participants (DP).
Depository Participant :
- Depository Participant (DP) is an agent of Depository who is authorized to offer depository services to investors. Financial Institutions, Banks, Custodians and Stockbrokers complying with the requirements prescribed by SEBI / Depositories can be registered as a DP.
Salient Features:
- Competitive Charges
- Any Branch Demat Service
- 9.30 a.m. to 4.30 p.m. Demat Services
"easi" facility :
- Based facility, which allows registered Beneficial Owners (BOs) & Clearing Members (CMs) to access their Demat account anytime, anywhere, through NSDL’s website www.nsdl.co.in Enabling them to view their statement of account with previous day valuation through internet.
"Smart" facility :
- SMART stands for SMS Alerts Related to Transactions in which investors who are registered for SMART will receive SMS alerting all types of debits, subject to a maximum of first four debits in a day, and for credits due to IPOs allotments and corporate actions.
1) Scores :
Filing complaints on SCORES - Easy and Quick
- Register on SCORES portal
- Mandatory details for filing complaints on SCORES
- Name, PAN, Address, Mobile No, Email ID
- Benefits:
- Effective communication
- Speedy redressal of the grievances
- For grievance / complaint on security market related issues, customer can now lodge their grievance through the said link https://scores.gov.in/scores
2) ASBA :
Filing complaints on SCORES - Easy and Quick
- No need to issue cheques by investers while subscribing to IPO. Just write the bank account number and sign in the application form to authoriese to your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Tariff :
| Account Opening Charges | Nil |
|---|---|
| Custody Fees | Nil |
| Transactions Charges Sales / Debit | 0.04% (Subject to minimum of Rs. 21/- per ISIN) |
| Demat Charges | Rs. 3/- per Certificate (Min. Rs.15/- ) + Rs. 30/- Courier Charges. |
| Remat Charges | Rs. 25/- per Certificate + Rs 30/- Courier Charges. |
| Pledge / Unpledge / Invocation / Freez Charges | Rs. 50/- per ISIN |
| Account Maintenance Charges (Per annum) | Rs. 300/- for Individuals Rs. 900/- for Company Accounts |
Note :
- Above charges are exclusive of service tax.
- Account Maintenance Charges and Demat Charges are payable upfront.
- All other charges are payable monthly.
- Holding statement will be provided once a month if there is any transaction, else quarterly. Any additional statement would be charged Rs.15/- per page.
- Free SMS alert facility through SMART services.
- Free Online statement of account with valuation on internet and transfer of securities to any account through internet based service easi.
Investor Grievance Redressal Mechanism
| Details of | Contact Person | Contact No. | Email Id |
|---|---|---|---|
| Customer care | Mr. Sushen Kedari | 02268860842 | complaint@mahanagarbank.com |
| Head of Customer care | Mr. Vaibhav Lad | 02268860842 | complaint@mahanagarbank.com |
| Compliance Officer | Mr. Vishal Dhanawade | 02224710972 | demat@mahanagarbank.com |
| CEO | Mr. Manjunatha Kanchan | 02224712535 | mtkanchan@mahanagarbank.com |
Services > Insurance
We are the corporate agents for the distribution of General Insurance of, Bajaj Allianz general insurance co. Ltd. , Shriram General insurance co. Ltd. Under this tie-up arrangement, we offer following General insurance products:
- Mortgage Property and Moveable Stock Cover
- Motor Vehicle Cover (Third Party and First Party Both)
- Construction Cost Cover for Housing and construction properties
- Free Online statement of account with valuation on internet and transfer of securities to any account through internet based service easi.
We are the corporate agents for the distribution of General Insurance of, Bajaj Allianz general insurance co. Ltd. , Shriram General insurance co. Ltd. Under this tie-up arrangement, we offer following General insurance products:
- Mortgage Property and Moveable Stock Cover
- Motor Vehicle Cover (Third Party and First Party Both)
- Construction Cost Cover for Housing and construction properties
- Free Online statement of account with valuation on internet and transfer of securities to any account through internet based service easi.
Services > Foreign Exchange
Foreign Exchange
GS Mahanagar Bank is as authorized dealer in Foreign Exchange. We are holding Authorized Dealer – 2 licenses. We offer all types of Foreign Exchange Services through our authorized AD-1 foreign exchange dealers.
Foreign Exchange Services offered by the Bank includes :
- Buy & Sale of Foreign currency notes & travelers cheques
- All types of clean outward remittances such as remittances for higher studies, medical treatment abroad, business trips, tourism, Employment / immigration, gifts, donations and remittances under Liberalized Remittance Scheme etc.
- Import services such as outward remittances for import purposes, handling of import documents, establishment of Foreign Letter of Credit, issuance of Foreign Bank Guarantee, Buyers Credit, etc.
- All types of clean inward remittances such as remittance for family maintenance, gift, donation, etc.
- Export Services such as handling of inward remittances received as advance against export, handling of export document, Pre shipment and Post shipment Export Credit facility in INR / Foreign Currency.
For more information please contact our forex department, on mail id- forex@mahanagarbank.in
- Must be opened the person's current or savings account at any branch for that person who want to keep locker facility. Locker access allow on banking hours.
List of the Branches offering Safe Deposit Locker Facility Click here
List of our foreign currency accounts with foreign banks or foreign branches of nationalised banks:
| Currency | Name of the Bank | SWIFT Code | Account Number |
|---|---|---|---|
| GBP | COMMERZ BANK AG, Frankfurt | COBADEFFXXX | 400875132300 |
| GBP | COMMERZ BANK AG, Frankfurt | COBADEFFXXX | 400875132300 |
| GBP | COMMERZ BANK AG, Frankfurt | COBADEFFXXX | 400875132300 |
| GBP | COMMERZ BANK AG, Frankfurt | COBADEFFXXX | 400875132300 |
Services > Stamp Franking
The following Benefits are available on Stamp Franking Service.
- No chances of Fraud / Fake stamping and risk free service for customer
- Bank customer can save time.
- Customer need to pay stamp paper charge along with charges for Stamp Franking Service.
- Franking maximun Rs. 5000