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COSMOS CO-OPERATIVE BANK INTRODUCATION & HISTORY:- History Established in 1906, the Cosmos Co- operative Bank Ltd. is the second oldest bank in the country. The Bank has recently completed glorious 105 years of service successfully. It has attained multi state scheduled status in 1997. The Bank is a professionally managed 'Financial Institution', a benchmark of credibility and innovation. Bank has nurtured its traditional values in business practices and in serving the small customers. At the same time it has adopted new technologies and advanced banking tools to add value to its services. Cosmos Bank has carved a niche in the banking sector due to its rich heritage, integrity, adherence to prudent banking practices, technology advancement, customized products and services and most of all due to its experienced, qualified and professional Board of Directors. Setup – Financial & Geographical Financial setup of the bank as on 31.03.2010 was Rs.11835 crore, comprising of Deposits of Rs.7213 crore and Advances Rs.4622 crore. Cosmos Bank operates through 104 branches and 9 Extension Counters in India spread across 5 States and in 28 Major Cities, which are as follows: Maharashtra : Mumbai, Pune, Nagpur, Aurangabad, Nashik,

Transcript of cosmos final

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COSMOS CO-OPERATIVE BANK

INTRODUCATION & HISTORY:-History

Established in 1906, the Cosmos Co-operative Bank Ltd. is the second oldest bank in the country. The Bank has recently completed glorious 105 years of service successfully. It has attained multi state scheduled status in 1997. The Bank is a professionally managed 'Financial Institution', a benchmark of credibility and innovation.

Bank has nurtured its traditional values in business practices and in serving the small customers. At the same time it has adopted new technologies and advanced banking tools to add value to its services. Cosmos Bank has carved a niche in the banking sector due to its rich heritage, integrity, adherence to prudent banking practices, technology advancement, customized products and services and most of all due to its experienced, qualified and professional Board of Directors.

Setup – Financial & GeographicalFinancial setup of the bank as on 31.03.2010 was Rs.11835 crore, comprising of Deposits of Rs.7213 crore and Advances Rs.4622 crore.Cosmos Bank operates through 104 branches and 9 Extension Counters in India spread across 5 States and in 28 Major Cities, which are as follows:Maharashtra : Mumbai, Pune, Nagpur, Aurangabad, Nashik, Baramati, Jalna, Kolhapur,

Satara, Phaltan, Sangli, Solapur, Bhusawal, Jalgaon.Madhya Pradesh : Indore.Andhra Pradesh: Hyderabad, VijaywadaKarnataka : Banglore. Belgaum, Nipani.Gujarat: Surat, Ahmedabad, Baroda, Ankaleshwar, Rajkot, Bhuj, Gandhidham,

Bhavnagar

Social ObligationsCosmos Foundation is a public charitable trust founded under the initiative of shareholders of Cosmos Co-op Bank on 16.10.1987.

The registered office of the foundation is at 269/270, Shaniwar Peth, Pune-30.

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The main objectives of the foundation are: -

1. To give loans to Cosmos Bank members at concessional rates for pursuing higher education abroad.2. To give medical help to members upto specified limits.3. To felicitate the awards of members who excel in Std. X & XII examinations.4. To promote educational spirit and to maintain, support, propagate intellectual qualities educational facilities, etc.5. To arrange educational seminars, conferences, etc.6. To grant relief in the event of natural calamities such as earthquakes, floods, famine,7. The Foundation also provides outsourcing facility8. Special arrangement as Executor & Trustee for preparation & execution of Will especially for the Senior Citizens.

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PRODUCTS & SERVICES

E-Payments Anywhere Banking General Insurances Life Insurance Business MSEB Bill Payment Facility Cosmo Quick Pay Safe Deposit Vaults (Lockers) Mutual Fund Services Charges Visa Debit Card Issuance Service Pan Card Service A/Cs & Term Deposits

E- Payment

About e-payment:

We are making payments of various types of taxes on behalf of our customers to the Government though the on-line payment system linked with HDFC Bank Ltd/ IDBI Bank Ltd/ at our Head Office. 

Types of taxes covered:-

A: Direct Taxes

1. Various TDS payments2. Advance tax payments of Income-tax and FBT3. Self-Assessment or Regular assessment taxes- Income -tax & FBT

B: Indirect Taxes (E-Payment Will be Implemented Shortly)

1. Service-Tax Payments2. Excise Duty Payments

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Anywhere Banking

• This system has facilitated Any-where Banking facility through all our Branches and Extension Counters.

• This system has enabled us to launch host of customer friendly services, such as…..

- ATMs:  Installation of ATMs at each of our branches/ extension counters, Offsite locations is in process, out of which 74 onsite ATMs have already been commissioned.

- Multi-city cheque book facility:  This facility has helped many of our Corporate/Commercial clients in their business. Multi-city cheques are often known as ‘at par' cheques payable at all branches of the bank, within the framework of the clearing norms. - Instant Funds Transfer:  This helps many of our customers to transfer their business/ personal funds instantaneously to any of our branches. - Electronic Clearing Services:  Periodic payments such as monthly/quarterly interest on fixed deposits, dividend on our shares etc. can now be instantaneously credited to the beneficiaries account at any of our branches or at any other bank-branch. -NEFT( National Electronic Funds Transfer):  To facilitate transfer of funds from any bank branch to any other bank branch participating in NEFT. Presently we are providing this facility with nominal charges for Outward NEFT transaction and free of cost for Inward NEFT transaction.

NEFT - Contact Details of customer Facilitation Centres

-e-PAYMENT OF TAXES:  In this facility our customers can pay their Direct Taxes (started from 11/08/2008) and Indirect taxes ( will begin from 25/8/2008) debiting their account through our Bank. Also providing following facilities shortly: Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.

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NECS( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day only.

General Insurances

Reserve Bank Of India has permitted us to engage in General Insurance business as a corporate agent.• We have tied up with Bajaj Allianz General Insurance Company Ltd. for offering its policies to our customers.• These General Insurance products are available at all of our branches. 

Life Insurance Business

We have entered into a referral arrangement with M/s Bajaj Allianz Life Insurance Company Ltd for selling life insurance policies to our customers.These life insurance products are available at our all branches.

MSEB Bill Payment Facility

• Customers from Pune region can pay their electricity bill by way of electronic debits to their Accounts with us.

• This service is offered free of cost to our customers.

Cosmo Quick Pay

We have launched Cosmo Quick Pay facility at all our Pune, Mumbai and Ahmadabad branches in collaboration with India Ideas.Com ( Bill Desk). Various Bill Payment viz. Electricity, Telephone, Mobile, Credit Card, Insurance, Taxes, ISP, Gas, Depository, Charity, Donation etc. are done free of cost.

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Safe Deposit Vaults (Lockers)

Safe deposit vaults (Lockers) are available at all the branches and also at some of the extension counters.Safe Deposit Vaults (Lockers) of varied sizes are available at following Branches / Extension Counters: 

LIST OF BRANCHES WHERE LOCKER FACILITY AVAILABLE 

 BRANCHES WITHIN

MAHARASHTRA 

BRANCHES OUT OF MAHRASHTRA

SR NO

PUNE BASED BRANCHESSR NO

ANDHRA PRADESH

1 Ajmera 1 KING KOTI RD,HYDERABAD2 Chinchwad 2 AMEERPET,HYDERABAD3 Nigdi 3 M.G. Rd. Secunderabad4 KOEL 4 S.P. Rd. Secunderabad5 Koregaon Park  6 Pimpri AHMEDABAD7 Aundh- Sanewadi 1 Ashram Road8 Aundhgaon 2 Bapu Nagar9 Deccan Gymkhana 3 Mani Nagar10 Ganeshnagar 4 Naroda Ind. Estate11 Gokhalenagar 5 Nava Vadaj12 Kothrud 6 Odhav13 Pashan 7 Raipur14 Paud Road 8 Rajkot15 Vitthalwadi 9 Sattalite16 Warje 10 University17 Dhankawadi18 Hadapsar19 Kasba- Raviwar BARODA20 Laxmi Road 1 Productivity Road21 Parvati Darshan 2 Sama Road22 Pune- Camp 3 Subhanpura23 Pune Blind School 4 VIP Road24 Alandi 5 Waghodia     MUMBAI BASED BRANCHES1 Dadar KARNATAKA2 Vile-Parle 1 Bangalore

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3 Bandra4 Dombivali5 Andheri MADYA PRADESH6 Ghatkopar 1 Indore

7 Chembur

8 Vashi

9 Mulund

10 Boriwali

11 Kandivali

12 Malad

13 Thane

14 IMCS Ext.

   

. OTHER BRANHES WITHIN

  MAHARASHTRA

1 Aurangabad

2 Jalna, Aurangabad

3 Baramati

4 Nagpur

5 Nashik

6 Pethe Vidyalaya-Nasik

7 CIDCO-Aurangabad

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Mutual Fund Services

  Reap an attractive yield from your investment!

Today's smart investors are investing at least some part of their savings, in Mutual Funds to beat the accelerating inflation rate by taking marginal risk. Cosmos bank now brings Mutual Fund Services within your reach. You can enjoy New Fund Offers as well as year-round purchasing of a wide array of MF products of various renowned Asset Management Companies. You can choose any scheme to get tax benefit / to get regular income / to accelerate your income, etc. as per your requirements. Apart from this, you can also get prompt investment advice from our AMFI qualified investment advisor, without any charge. With this help, you can make educated decisions regarding MF investment.

MUTUAL FUND DISTRIBUTION

PRODUCTS OF ASSET MANAGEMENT COMPANY (AMCs) AVAILABLE WITH US UTI ASSET MANAGEMENT CO. TATA ASSET MANAGEMENT LTD. HDFC ASSET MANAGEMENT CO. KOTAK MAHINDRA ASSET MANAGEMENT CO. ICICI PRUDENTIAL ASSET MANAGEMENT CO. BIRLA SUNLIFE ASSET MANAGEMENT CO. ING ASSET MANAGEMENT CO. RELIANCE ASSET MANAGEMENT CO. PRINCIPAL PNB ASSET MANAGEMENT CO. DSP BLACKROCK MUTUAL FUND CO. SUNDARAM BNP PARIBAS ASSET MANAGEMENT CO. SBI ASSET MANAGEMENT CO.

Some  Attractive Mutual Fund Schemes are as follows;

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Some  Attractive Mutual Fund Schemes 

Sr  Scheme NameDate of Inception

Div Last Year

Return Description

2007-08Since Inception

 

 1UTI LEADERSHIP EQUITY

Jan 2006 Nil 17.3% 24.01%Large Cap Fund

 2RELIANCE VISION

Oct 1995 100% 19.3% 27.97%Large Cap Fund

 3 ICICI INFRA Aug 2005 70% 55% 48.40% Infra- Fund

 4KOTAK 30

Dec 1998 120% 32.6% 25.99%Large Cap Fund

 5HDFC GROWTH

Aug 2000 40% 35.5% 30.07%Large Cap Fund

 6BIRLA FRONTLINE EQUITY

Aug 2002 40% 27.2% 41.94%Large Cap Fund

 7SUNDARAM SELECT FOCUS

July 2002 65% 36.5% 45.33%Large Cap Fund

 8PRINCIPAL PERSONAL TAX SAVER

March 1996

80% 11.31% 39.02%ELSS Scheme

 9ING DOMASTIC OPPORTUNITIES

Aug 2004 30% 21.7% 44.63%Mid Cap & Small Cap

 10

TATA PURE EQUITY FUND

MAY 1998

30% 26.49% 33.07%Large Cap 

 11

DSP ML India TIGER Fund

June 2004 45% 15% 35%Flexi Cap

 12

SBI MAGNUM TAX GAIN SCHEME

1993   20.23% 21.41%ELSS Scheme

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Charges

Name of the Bank The Cosmos Co-operative Bank Ltd., Pune   Savings Bank A/c - No frills A/c  Minimum Balance ZeroCharges for non maintenance thereof

NIL

   Savings Bank Accounts with Chequefacility

 

Minimum Balance Rs.1000/-Charges for non maintenance thereof

Rs.15/- per quarter

   Savings Bank Accounts withoutCheque facility

 

Minimum Balance Rs.500/-Charges for non maintenance thereof

Rs.15/- per quarter

   Other savings bank account facilities

 

Issue of Duplicate Statement Rs.10/- per pageIssue of loose chequeleaves Not applicableIssue of DuplicatePass book Rs.25/-Mode of calculation of minimum balance

A parameter is set in the system to

  consider minimum balance   Remittance Facilities through own bank

 

DD-Issue Not applicableDD-Cancellation Not applicableDD-Duplicate Not applicableDD-Revalidation Not applicable

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PO-Issue Rs.1/- to Rs.1000/- - Rs.10/-  Above Rs.1000/- - Rs.1.50 per thousand  Maximum Commission - Rs.2000/-PO-Cancellation Rs.25/- per instrumentPO-Duplicate Rs.25/- per instrumentPO-Revalidation Rs.25/- per instrumentTT-Issue Not applicableTT-Cancellation Not applicableTT-Duplicae Not applicableTT-Revalidation Not applicableEFT Charges-inward Not applicableEFT Charges-outward Not applicableRTGS-Outward Rs. 1 to 5 lacs - Rs.25/- per Tran + S.Tax

Rs. 5.00 lacs & Above - Rs. 50/- per transaction + S. Tax.RTGS-Inward Free Collection of Cheques(Home Clearing)

Nil

 Remittance Facilities through other bank

 

DD-Issue HDFC, ICICI.  Rs.1/- to Rs.1000/- - Rs.10/-  Rs.1001/- to Rs.5000/- - Rs.10/-  Rs.5001/- to Rs. 10000/-  Rs.20/-   Above Rs. 10001/- Rs. 1.50 per thousand  Bank of Maharashtra -  Rs.1/- to Rs.2500/- - Rs.10/-  Above Rs.2500/- - Rs.2/- per thousand  Maximum Commission - Rs.3000/-DD-Cancellation Rs.25/- per instrumentDD-Duplicate Rs.25/- per instrumentDD-Revalidation Rs.25/- per instrumentPO-Issue Not applicablePO-Cancellation Not applicablePO-Duplicate Not applicablePO-Revalidation Not applicableTT-Issue Not applicableTT-Cancellation Not applicableTT-Duplicate Not applicableTT-Revalidation Not applicableEFT Charges-inward Not applicableEFT Charges-outward Not applicableRTGS-Outward Not applicableRTGS-Inward Not applicableCollection of cheques Through HDFC Bank -

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  Charges as per other Bank OBC + Rs.15/-  or Rs.35/- as charged by HDFC BankCheque Collection  Local NILOutstation through own bank Rs.1/- to Rs.500/- - NIL  Rs.501/- to Rs.10000/- - Rs.20/-  Rs.10001 to Rs.1 Lakh - Rs.2/- per thousand  Above Rs.1 Lakh Rs.2.50 per thousand  Maximum Rs.2500/-  Postage – NIL   Outstation through another bank Rs.1/- to Rs.500/- - 20/-  Rs.501/- to Rs.10000/- - Rs.2/- per thousand  Rs.10001 to Rs.1 Lakh - Rs.3/- per thousand  Above Rs.1 Lakh - Rs.3.50 per thousand  Maximum Rs.3500/-  Postage – Actual Cheque return charges :  Bouncing of cheques-Local  Upto Rs.10000/- - Rs.100/-  Above Rs.10000/- - Rs.100/- + 1.50 per  ThousandBouncing of cheques-outstation-through own bank

Upto Rs.10000/- Rs.100/-

  Above Rs.10000/- - Rs.100/- + 1.50 per  Thousand  Postage – Nil   Bouncing of cheques-outstation-through

Upto Rs.10000/- Rs.100/-

another bank Above Rs.10000/- - Rs.100/- + 1.50 per  Thousand  Postage – ActualRetail Loan  Loan Processing Charges Home loan Rs.1500/- per proposal  Emergency loan - Rs.15/- per proposal  Sabhasad Palya Rs.15/- per proposal  Gold Loan Rs.50/- per proposal  Surety loan         Min.Rs.50/-,Upto Rs.50000/  Vehicle loan        + Rs.50/- for each part of  (2 & 3 Wheeler)   Rs.50000/-  Secured loan – Min Rs.50/- uptoRs.50,000/- + Rs.50/- for

each part of Rs.50,000/-     4 Wheeler Veh.Loan      Min.Rs.100/- upto Rs. 1.00 lac + 

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Rs. 50/- for each part of Rs. 50,000/-      Cash Credit + BD         Rs.1 lac + Rs.50/- for                                      each part of Rs.5000                                      (Service tax extra)     Share O.D. - 0.1% of sanctioned limit   Prepayment Charges Flat 3% on O/s bal. On the date of closure  for Term Loan  Cash Credit, B.D.  Project Finance  (Including advances to builder)   No due Certificate Nil   Solvency Certificate Re.1/- to Rs.50000/- - Rs.150/-  Rs.50001 to Rs.1 Lakh - Rs.200/-  Rs.100001 to Rs.5 Lakh - Rs.250/-  Rs.500001 to Rs.10 Lakh - Rs.500/-  Rs.1000001 to Rs.1 Cr - Rs.500/-  Above Rs.1 Cr - Rs.500/-Charges for late payment of EMI NilCharges for changing from fixed to New Fix 

1% on Outstanding balance

of interest  Charges for changing from float to fixed rates of

1% on Outstanding balance

interest   Cards  ATM  Membership fee NilAnnual Fee NilRenewal Charges NilLate Payment Charges Not applicableInterest Charges Not applicableReplacement charges Rs.50/-Transaction Charge for Partner banks

Rs.25/- + Rs.3/- Service charges per Trans.

Transaction Charge for Non-Partner banks

Not applicable

   Credit Card Not applicableMembership fee --"--Annual fee --"--

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Renewal Charges --"--Late Payment Charges --"--Interest Charges --"--Replacement charges --"--Cash withdrawal --"--   Debit Card Not applicableMembership fee --"--Annual Fee --"--Renewal Charges --"--Late Payment Charges --"--Replacement charges --"--Cash withdrawal --"--   Miscellaneous  Balance enquiry NilBalance Certificate Upto Rs.50000 Rs.150/-,  Rs.50001 to Rs.1 lakh - Rs.200/-  Rs.100001 to Rs.5 lakh - Rs.250/-  Rs.500001 & above Rs.500/-Interest Certificate NilAccount closure Within 1 Yr. -  SB Rs.100/-  CA Rs.200/-  Daily A/c Rs.50/-  Recurring A/c Rs.50/-Use of Fax/Telephone/Modem NilPhoto attestation NilSignature attestation Rs.5/- per attestationStop Payment Charges Rs.5/- per instructionInoperative account Nil

 

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Visa Debit Card Issuance Service

Launching of the Visa Debit Card Now Enjoy the Power of Debit Card

 

Bank has introduced the Visa Debit Card for your convenience.By choosing to use Cosmos Bank International Debit - Cum -ATM Card you have entered in International Visa Network!The Cosmos Bank International Debit-Cum-ATM Card gives you access to your Cosmos Bank account “Anytime and Anywhere” you want. It allows you to access your money through withdrawal transactions at all Cosmos Bank’s ATM’s, NFS Members-Bank ATM’s and VISA networked ATM’s in India and abroad as well as make purchase at VISA Electron merchant establishment worldwide.Using of this International Debit - Cum -ATM Card is too simple, just follow the customer friendly screens and the ATM will carry out your order in seconds.

Features

All Savings / Current Account holders are eligible for our International Debit-Cum-ATM Card provided, they have the mandate to operate the account singly or Either or survivor. Links up to three accounts on one Card.Cash withdrawal at over 29000 ATM’s in India and through 1 million VISA Overseas ATM’s also from approx. 31000 NFS – Bancs Member-Bank ATM’s in India.ATM Cash withdrawal limit for Visa Gold Card is Rs.25000/- and for Visa Classic Rs.15000/- per day and purchase per day without upper ceiling limit at merchant outlets (POS).Usage at Cosmos Bank ATM’s free of cost.

Usage at Merchant Outlets (POS)

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Your International Debit-Cum-ATM Card can be used for shopping at any of the 4.5 lakh VISA Electron merchant outlets in India and more than 26 million worldwide.

ValidityYour International Debit-Cum-ATM Card is issued for a period of 9 years initially.

Pan Card Service

Dear CustomersYour Bank Has Started………PAN CARD SERVICESAS AUTHORISED AGENT FOR PAN CARD SERVICE

   Attractive Features:-

One page simple Application.

Can apply for New Pan Card, also for Duplicate Pan Card or for Rectified Pan Card.

Photograph and Identification Documents Essential.

Minimum charges are applicable.

Pan Card Service available at our below mentioned branches.

Laxmi Road, Parvati, Pune Camp, Chinchwad, Kothrud, Phaltan, Belgaum,Satara, Kolhapur- Laxmipuri and Shahupuri.

In near future Pan Card Service will be available at all branches in Pune, Mumbai, Gujrat and Andhra Pradesh.

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Current Deposit Schemes:-

Regular Current Account: The salient features of the regular current account are as under:

  Current Accounts can be opened by individuals, sole proprietorship concerns, partnership firms, private / public limited     companies, associations, clubs, societies, trusts, Joint Hindu Families, or other institutions, upon being introduced in a     manner satisfactory to the Bank.  Minimum balance required to be maintained in Current Account is Rs. 2500/- onwards  Current Account holders can avail: Multi-city Cheque book facility.  ATM facility  Collection of outstation cheques  Demand drafts payable at more than 300 cities.  Electronic Funds Transfer

Cosmo Premium Current Account:-

Maintain Quarterly Average balance of Rs. 10000 in your Current Account and get host of services free  

  Inter Branch Transactions.  Checkbook Issuance  Multiplicity Checkbook Issuance  Demand Draft / Pay Order.  RTGS / NEFT  VISA Debit card  Waiver of ledger fee  Account Statement through E-mail  SMS Banking  Cosmo Quick Pay

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Saving Deposit Schemes:-

Janasanchay Savings Account Scheme No service charge on the account balanceJanasanchay Savings Account Scheme Cosmo Premium Saving Account Maintain Quarterly Average balance of Rs.5000 in your saving account and get host of services free. 

Inter Branch TransactionsChequebook IssuanceMulticity Chequebook Issuance

Regular Saving Account The salient features of the regular saving account are as under 

A Savings Account can be opened by Individuals / Minors /Institutions/ Associations/ Regd. Co-op. Societies / Trusts / HUFs.  Minimum balance required to be maintained in Saving Account is Rs. 1000/-  Interest @3.50% on Savings Account is credited at the end of every quarter.

Term Deposit Schemes:-

Term Deposit Schemes based on Interest Payout 

  Fixed Deposit Scheme - Monthly.  Fixed Deposit Scheme - Quarterly.  Cash Certificate - Cumulative interest at quarterly rests

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1. Individuals (singly or jointly), Minor by guardian, Institutions, Co-op. Societies, HUF can place deposit.

2. Minimum Amount of Deposit- Rs. 1000/- and in multiples of Rs. 100/- thereof.

LOANS:-

Business Loan Schemes:-

Term Loan for capital investment in fixed assets, such as Plant & Machinery, Construction/Purchase of factory Shed/Office Premises, Furniture & Fixtures, Technical Gadgets/Equipment, etc.

Vehicle Loan for commercial vehicles, used for the factory, transportation etc.

Working Capital Facilities, such as • Cash-Credit for working capital requirement i.e. to avail the credit against the security of stock, debtors or other liquid assets. • Bills Discounting for finance against accepted bills of the reputed buyers.• Non-Funding Limits, such as Letter of Credit & Bank Guarantee can be extended for securing large contracts / work orders.

Working capital loan scheme

Objective of the Scheme: The scheme aims at providing financial support for the working capital needs of the small Entrepreneurs. Loans up to 25 Lakhs

Eligibility Criteria: 1.The applicant should be regular member or nominal member of bank. 2. Applicant should have banking relation with our bank. 3. The applicant shall be engaged with trading/ industrial/ Service activity with valid Licenses.

Type of facility: Operative Overdraft facility with cheque book.

Margin: 25% of the marketable Security value in bank’s favour (Limit will be 75%).

Security (Prime): 1.In the form of immovable constructed property in Corporation Limits: if outside Corporation limit- TP Plan & Collector NA is required. The property shall be self occupied.2. Any other assignable security such as NSC, LIC, Shares, FDRs etc in support of the above 1.3. If only shares are offered as security, the maximum limit will be restricted to Rs.20.00 lacs.

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Security (Collateral): Stock & Debtors will be collateral security, only initial stock/debtors statement will have to be submitted.

Important points for security:

1. The property shall have clear & marketable title & salability.2. Valuation Report of the Panel Valier to be considered.3. The property shall not be older than 25 years.4. It should be self occupied.5. If the property is already mortgaged with the bank; the unencumbered portion can be considered in deserving cases.6. The property will have to be mortgaged with registered mortgage.

Period: On demand or 3 years; Renewable with necessary documents.

Rate of Interest: At present @12% p.a. Interest rates are subject to change from time to time.

Processing Fee :@ 0.10% of the Loan Demand

Cosmo Loans:-

Attractive Loan Schemes at very competitive rate of interest & reasonable documentation with fast disposal. Our various loan schemes are Car Loan, Home Loan, Cosmo Credit Loan, Cosmo Mortgage Loan, Cosmo SME Loan, Industrial and Business Loan, Vendor Finance, LC discounting, Gold loan scheme Loan, Educational Loan, Share Overdrafts etc. Special Features :-

1. Minimum Documents.2. Fast Processing of Loans.3. Immediate Loan Sanction.4. Schemes under Capital Subsidy, Technology Up-gradation Fund etc also available.

.

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Interest Rates (Both means Deposit & Lending rate):-

Nature Rate Of Interest (%) p.a. Minimum Balance

Account Normal Senior Citizen RuralSemi Urban

Urban

A. Domestic * W.E.F. 20 May, 2010

 a. With cheque Book facility

3.50% 3.50% Rs.1000/- Rs.1000/- Rs.1000/-

b. Without cheque Book facility

3.50% 3.50% Rs.500/- Rs.500/- Rs.500/-

c. No Frills Account 3.50% 3.50% Rs.0/- Rs.0/- Rs.0/-

B. Non Resident

a. NRO 3.50% 3.50%

b. NRE 3.50% 3.50%

We hereby inform to all our esteemed depositors/accountholders that the interest rates on Term deposits have been revised w.e.f. 07.02.2011 The new Interest Rates are as follows

Period General & Institutional Senior Citizen

15 Days to 45 Days 5.00% 5.00%

46 Days to 90 Days 5.50% 6.00%

91 Days to 181 Days 6.25% 6.75%

182 Days to 12 Months 7.25% 7.75%

Above 12 Months to less than 2 years 9.00% 9.50%

2 years to less than 3 years 8.75% 9.25%

3 years to less than 5 years 8.50% 9.00%

5 years upto 10 years 8.50% 9.00%

60 Months’ Tax Exemption Scheme 8.50% 9.00%

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A. Revised Rate of Interest on advances for Working Capital limits i.e. Cash Credit, WCDL, SLSO & Bills Discounting loans is as follows: -

Present ROI %p.a.Revised ROI %p.a. w.e.f 07.02.2011

Upto Rs 1 Crore 11.50 12.00

Above Rs.1 Cr. To below Rs.10 Cr. 12.00+ credit rating 12.50+ credit rating

From Rs.10 Crs. To below Rs.25crs 11.50+ credit rating 12.00+ credit rating

From Rs.25 Crs & above 11.00+ credit rating 11.50+ credit rating

Pharmaceutical loans / Agriculture & Allied to Agriculture loans (Irrespective of amount)

11.00+ credit rating 11.50+ credit rating

B. Revised ROI for Commercial Term Loans (Fixed rate)

Present ROI %p.a.Revised ROI %p.a. w.e.f 07.02.2011

Upto Rs 1 Crore 12.00 12.50

Above Rs.1 Cr. To below Rs.10 Cr. 12.25+ credit rating 12.75+ credit rating

From Rs.10 Crs. To below Rs.25crs 12.00+ credit rating 12.50+ credit rating

From Rs.25 Crs & above(If only term loans are sanctioned)

11.50+ credit rating 12.00+ credit rating

From Rs.25 Crs & above(If Term Loans + Working Capital limits sanctioned )

11.00+ credit rating 11.50+ credit rating

Pharmaceutical loans / Agriculture & Allied to Agriculture loans (Irrespective of amount)

11.50+ credit rating 12.00+ credit rating

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Amount / Type of LoanPresent ROI %p.a.w.e.f 18 /01/2011

Revised ROI % p.a. w.e.f 07 /02/2011

Applicable to Existing(E) or New (N)

Revised Rate of Interest for Cash Credit, SLSO & Bills Discounting

Upto Rs 1 Crore 11.50 12.00 E+N

Above Rs.1 Cr. To below Rs.10 Cr.12.00 + credit rating

12.50 + credit rating

E+N

From Rs.10 Crs. To below Rs.25crs11.50 + credit rating

12.00 + credit rating

E+N

From Rs 25 Crs. & Above11.00 + credit rating

11.50 + credit rating

E+N

Pharmaceuticals loans / Agriculture & Allied to Agriculture loans (Irrespective of Amount)

11.0 + credit rating

11.50+ credit rating

N

Revised Rate of Interest for Commercial Term Loans :-(fixed rate)

Upto Rs 1 Crore 12.00 12.50 N

Above Rs.1 Cr. To below Rs.10 Cr.12.25 + credit rating

12.75 + credit rating

N

From Rs.10 Crs. To below Rs.25crs12.00 + credit rating

12.50 + credit rating

N

Rs 25 Crs. & Above (If only Term loans are Sanctioned)

11.50 + credit rating

12.00 + credit rating

N

Rs 25 Crs. & Above (If Term Loans + working capital limits are sanctioned)

11.00 + credit rating

11.50 + credit rating

N

Pharmaceuticals loans / Agriculture & Allied to Agriculture loans

11.50 + credit rating

12.00 + credit rating

N

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For Other Advances

Vehicle Loan for 2 wheelers NA

General 13.00 13.00 N

Concession ROI *10.50 *10.50

Vehicle Loan for 4 wheelers 60 months

11.50 11.50N

Vehicle Loan for 4 wheelers 84 months

12.00 12.00NA

Special Scheme for Car Loan1st Year

2nd year

Last 3 yrs(fixed)

10.00 10.50 11.00

1st Year

2nd year

Last 3 yrs(fixed)

10.00 10.50 11.00

Loan against assignable and tax free bonds

10.50 11.00N

Loan against Gold / Silver / NSC / LIC Overdraft

11.50 12.00N

Share Overdraft 10.50 11.50 N

Consumer loans for domestic appliances

12.50 12.50N

Cosmo - Credit 12.50 12.50 NA

Surety Loan 12.50 12.50 NA

Education Loan

For Male Student

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Study in India 11.00 11.00 NA

Study in Abroad 10.50 10.50 NA

For Female Student

Study in India 10.50 10.50 NA

Study in Abroad 10.00 10.00 NA

SME / Cosmo Working Capital Loan Scheme

12.00 12.50E+N

Mortgage Term Loan 12.00 13.00 E+N

Mortgage Overdraft 12.00 13.50 E+N

Solar water Heating System Scheme Scheme Closed

Cheque / Bills Purchase 18.00 18.00 NA

Builder / Promoter Finance 16.50 16.50 NA

Wind Mill Finance

Upto Rs.20 Crs. 12.00 12.5 N

Above Rs 20 Crs. 11.00 11.50 N

Vendor Finance (Hundi Discounting)

10.00 10.00 NA

Minor Community 11.00 11.00 NA

Group Housing (GL Code 80122):-

First 2 year (fixed)

Next 2 yrs (fixed)

Last 11 yrs (floating)

First 2 year (fixed)

Next 2 yrs (fixed)

Last 11 yrs (floating)

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Rs.0.01 lacs to Rs 25.00 lacs 8.50 10.25 10.50 9.00 10.75 11.00 New for all 15 yrs & existing for Last 11 yrs

Above Rs 25.00 lacs to Rs 50.00 lacs

9.75 11.00 11.50 10.00 11.25 12.25

Floating Rate(GL Code 80121)

Rs.0.01 lacs to Rs 25.00 lacs 10.00 10.50 E+N

Above Rs 25.00 lacs to Rs 50.00 lacs

11.00. 11.50 E+N

Housing Loans(Floating Rates for existing customers) G.L. Code 80120

Upto Rs. 10.00 lacs 10.50 11.00 E+N

Rs 10,00,001/- to R 20.00 lacs 11.50 12.00 E+N

Lease Rental Discounting

I) Property Less then 50000 sq. fts. / advances less then Rs. 15 crores

13.00 13.50 N

ii) Property more then 50000 sq. fts. / advances more then Rs. 15 crores and less then Rs. 30 crores

12.50 13.00 N

iii) Property more then 50000 sq. fts. / advances above Rs. 30 crores

12.00 12.50 N

Other Loans

NBFCs / ARCs engaged in financing SSI and Agricultural Activities other NBFCs / ARCs

15.00 15.00 NA

L. C. Discounting our customers / other customers

9.50 9.50 NA

PROFITABILITY POSITION:-

Financial Strength (Rs. IN CRORES)Sr.No. Indicators 31/03/2009 31/03/20101 Deposits  6656  7213 2 Advances  3897  46223 Share Capital  87  924 Reserves  613  787

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5 Net Worth  700  8796 Investments  2869  29447 Profit  90  558 Working Capital  7563  84339 Net NPA Percentage 2.08% 1.78%10 Over dues 5.42% 4.65%11 CRAR 12.40% 12.32%12 No. Of Branches  85  9613 No. Of Extention Counters  9  814 No. Of Employees  1832  199415 No. Of Members  53251  56160

Permissible Credit Exposure Limit

Single borrower credit exposure limit --- Rs. 85.00 crores

Group borrower credit exposure limit --- Rs. 228.00 Crores

Future plan of cosmos:-

Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.

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NECS ( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day only.

Future Plans The Cosmos Bank has the following plans for its Customer, which will be launched soon.

1. Internet Banking Facility

2. Mobile Banking Facility

3. Utility Terminal Facility