What are the charges for Coin mandates?
There are no charges for Coin mandate registrations at present. However, if a transaction fails due to insufficient funds, the banks may charge a penalty that varies across banks.
Banks also charge mandate verification charges. The charges per bank are as follows:
| Banks | Amount in Rupees + 18% GST |
| ABHYUDAYA CO-OP.BANK LTD | 50 |
| ALLAHABAD BANK | 50 |
| ANDHRA BANK | 100 |
| AXIS BANK LTD | 115 |
| BANK OF BARODA | 115 |
| BANK OF INDIA | 201.25 |
| BANK OF MAHARASHTRA | 115 |
| CANARA BANK | 150 |
| CENTRAL BANK OF INDIA | 100 |
| CORPORATION BANK | 100 |
| COSMOS CO-OP BANK LTD | 100 |
| DENA BANK | 50 |
| FEDERAL BANK LTD | 100 |
| IDBI BANK LTD | 50 |
| INDIAN OVERSEAS BANK | 100 |
| JAMMU & KASHMIR BANK LTD | 100 |
| JANATA SAHAKARI BANK LTD | 50 |
| KARNATAKA BANK LTD | 100 |
| KARUR VYSYA BANK LTD | 100 |
| KOTAK MAHINDRA BANK LTD | 50 |
| LAKSHMI VILAS BANK LTD | 100 |
| ORIENTAL BANK OF COMMERCE | 100 |
| PARSIK JANATA SAHAKARI BANK LTD | 200 |
| PUNJAB NATIONAL BANK | 100 |
| SARASWAT CO-OP BANK LTD | 50 |
| SOUTH INDIAN BANK LTD | 100 |
| STATE BANK OF INDIA | 50 |
| SYNDICATE BANK | 236 |
| THANE JANATA SAHAKARI BANK LTD | 100 |
| THE THANE DIST.CEN.CO-OP BANK LTD. | 100 |
| UCO BANK | 200 |
| UNION BANK OF INDIA | 115 |
| UNITED BANK OF INDIA | 100 |
| VIJAYA BANK | 130 |
The following banks do not charge mandate verification charges:
| Banks |
| AHMEDABAD DIST.CO-OP.BANK LTD |
| AU SMALL FINANCE BANK LTD |
| BANDHAN BANK LTD |
| BASSEIN CATHOLIC CO-OP.BANK LTD |
| CITI BANK |
| CITY UNION BANK LTD |
| DEVELOPMENT CREDIT BANK LTD |
| DOMBIVLI NAGARI SAHAKARI BANK LTD |
| HDFC BANK LTD |
| ICICI BANK LTD |
| IDFC BANK LIMITED |
| INDUSIND BANK LTD |
| PUNJAB & SIND BANK |
|
PUNJAB AND MAHARASHTRA CO-OP BANK LTD
|
| RATNAKAR BANK LTD |
| SHAMRAO VITTHAL CO OP BANK LTD |
| TAMILNADU MERCANTILE BANK LTD |
| YES BANK LTD |
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