Multicity Current Account

If your business extends across several cities of the country, KVB’s Multicity Account is just the right Current account for you. At affordable balances, KVB offers you the benefit of availing of various concessions based on the Monthly Average Balance maintained by you in the account.

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Features and Benefits

Several services available at par or at concessional rates.
The monthly average balance maintained in the account for a month will determine the concessions that will be available to the customer in the succeeding month. For instance, if the MAB maintained in the account for a month is Rs. 1,00,000/-, the benefits pertaining to that balance will be available to the customer during the subsequent month. Should the balance drop or increase during the ensuing month, the benefits pertaining to that balance will accrue to the customer during the succeeding month.

Charges and Limits

Minimum average balance

Rs. 10,000

Minimum balance violation charge

Rs. 500

Maximum cash withdrawal at non-base branch

Rs. 50,000 per day for a self drawn cheque

Clearing cheque return charges (Inward)

One day’s interest at the prime lending rate with a min. of Rs. 150 and a max. of Rs. 7500

Clearing cheque return charges (Outward)

Rs. 25

Outstation cheques drawn on centres (where KVB branches are present) for collection at base as well as non-base branch.

Cheque Value	Charge
Up to Rs. 2,000	Rs. 20
between Rs. 2,001 and Rs. 10,000	Rs. 50
between Rs. 10,001 and Rs. 20,000	Rs. 75
between Rs. 20,001 and Rs. 1,00,000	Rs. 100
Above Rs. 1,00,000	Rs. 150

Outstation cheques drawn on centres (where KVB branches are not present) for collection at base as well as non-base branch

Charges as above plus other Bank charges.

Demand draft / Pay orders (Charges subject to Max. of Rs.10,000)

Rs.1.50 per Rs.1,000 subject to a minimum of Rs.20 per draft up to Rs. 1 lakh per day; thereafter Rs. 2 per Rs. 1,000