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Multicity Current Account

MCC account product features and charges - Revised w.e.f 01st April 2012

Particulars KVB - Premium
MAB$ 1,00,000/-
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.1 Lac/day for self cheques & Rs.50,000/- for third party payments
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/- & Rs.10,000/-;
Rs.60/- above Rs.10,000/-
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.5 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 500 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
Folio Charges Nil

$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