Standard

Multicity Current Account

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

Particulars KVB - Standard
MAB$ 25,000/-
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.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.1 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 50 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