MCC account product features and charges - Revised w.e.f 01st April 2012
|Particulars||KVB - Classic|
|Cash remittance at Base Branch and Non Base branch||Free cash remittance up to 12 Times of Monthly Average Balance (MAB) both Base and Non Base Branch put together. Charges at Rs.2/- per Rs.1000/- at Base branch beyond 12 times. Charges at Rs.2.50/- per Rs.1000/- at Non Base branch beyond 12 times. In case of bullion/jewellery customers Rs.5/- per Rs.1000/-|
|Cashwithdrawal - Base Br||No ceiling|
|Cashwithdrawal - Non-Base Br||Max Rs.50,000/day for self cheques only|
|Collection of local clearing chqs (All local branches treated as base branch)||Free|
|Collection of clearing chqs (local) at non-base br (All local branches treated as base branch)||Free|
|Clearing cheque return charges - Inward clearing cheques||One day interest @ PLR (BR + 5%) with a min of Rs.300/- and max of Rs.7,500/-|
|Clearing cheque return charges - Outward clearing cheques||Rs.50/-|
|Outstation cheques drawn on centres (centres where there are branches) given for collection at base as well as non-base branch||Rs.20/- upto Rs.2,000/-;
Rs.50/- between Rs.2,001/- & upto Rs.10,000/-;
Rs.75/- between Rs.10,001 & Rs.20,000/-;
Rs.100/- between Rs.20,001 and Rs.1 Lac;
Rs.150/- above Rs.1 Lac
|Outstation cheques drawn on centres (centres where there are NO branches) given for collection at base as well as non-base branch||Charges as above plus Other Bank charges|
|DD / PO charges (Charges subject to max of Rs.10,000/-)||At par upto Rs.2 Lac/day. Beyond Rs.1.50/1000 subject to min of Rs.25/instrument|
|RTGS*#||Rs.1 Lac to Rs.2 Lac - Free.
Above Rs.2 Lac to Rs.5 Lac @ Rs.15/txn.
Above Rs.5 Lac @ Rs.30/txn.
|NEFT#||Upto Rs.1 Lac @ Rs.5/txn.
Above Rs.1 Lac to Rs.2 Lac @ Rs.15/txn.
Above Rs.2 Lac @ Rs.25/txn.
|Payment between CBS branches for clearing debits at non-base branches||Free|
|Charges for non-maintenance of MAB||No charges|
|Cheque book charges&||Free 100 leaves p.m. Beyond Rs.3/leaf|
|Stop payment charges (permitted only at base branch)||Rs.70/chq|
|Statement of account by E-mail||Free of charge for weekly, fortnightly and monthly. For daily Rs.200/pm|
$50% relaxation in MAB maintenance for Semi-Urban and Rural branches not applicable for cash remittances)
*RTGS to be allowed only at the base branches
#For the purpose of transferring funds through RTGS/NEFT, if the customer remits cash above Rs.50,000/-, branches shall charge Rs.2/1000 as extra commission &First 100 cheque leaves to be given at free of cost for all MCC accounts on opening of accounts