Commission
CHARGES FOR SERVICES
(Effective from 1st April 2013)
(Service taxes as applicable will be collected extra)
| Nature of Services | Service Charges | |
| Individuals / Sole Prop. / Partnership firms / Companies / Trusts and others in non-rural areas | Senior Citizens, Pensioners & individuals in rural areas |
|
| ACCOUNT RELATED |
| Cheque Book Issue | ||
| Current / Overdraft a/cs | Free for Current a/cs if AAB is maintained during the previous year at Rs.25000/- & above subject to a max. of 500 leaves p.a.; Rs.3/- per leaf for Current a/cs if AAB maintained during the previous year is less than Rs.25000/- and for all OD / CC a/cs | Free for Current a/cs if AAB is maintained during the previous year at Rs.25000/- & above subject to a max. of 500 leaves p.a.; Rs.3/- per leaf for Current a/cs if AAB maintained during the previous year is less than Rs.25000/- and for all OD / CC a/cs |
| Savings Bank a/cs | 20 leaves free for all eligible ac/s; thereafter Rs.2.50/- per leaf | 20 leaves free for all eligible ac/s; thereafter Rs.2/- per leaf |
| Savings bank a/cs (AAB < Rs.5000/-) | 20 leaves free p.a.; thereafter Rs.2/- per leaf | 20 leaves free p.a.; thereafter Rs.1/- per leaf |
| Savings bank a/cs (AAB above Rs.5000/- but less than Rs.50000/-) | 40 leaves free p.a.; thereafter Rs.2/- per leaf | 40 leaves free p.a.; thereafter Rs.1/- per leaf |
| Savings bank a/cs (AAB above Rs.50000/- but less than Rs.100000/-) | 60 leaves free p.a.; thereafter Rs.2/- per leaf | 60 leaves free p.a.; thereafter Rs.1/- per leaf |
| Savings bank a/cs (AAB above Rs.1 lakh) | Free | Free |
| Freedom SB A/c | 40 leaves free p.a.; thereafter Rs.2/- per leaf | 40 leaves free p.a.; thereafter Rs.2/- per leaf |
| Yuvashakthi SB a/c | 50 leaves free p.a.; thereafter Rs.2/- per leaf | 50 leaves free p.a.; thereafter Rs.2/- per leaf |
| Prestige SB a/c | Free | Free |
| Shakthi SB a/c | 60 leaves free p.a.; thereafter Rs.2/- per leaf | 60 leaves free p.a.; thereafter Rs.2/- per leaf |
| Non Maintenance of Minimum Average Balances (not applicable to dormant a/cs) | ||
| Current a/cs | Metro, urban & semi-urban centers - Rs. 200/- |
Rs.70/- |
| All Regular Savings a/cs | Metro, urban & semi-urban centers - Rs. 100/- |
Rs.25/- |
| For Senior Citizens | No Minimum balance charges. | No Minimum balance charges. |
| Rainbow SB | Rs.100/- | Rs.100/- |
| Freedom, Yuvashakthi, Shakthi | Rs.125/- | Rs.125/- |
| Closure of SB accounts | ||
| Current a/cs | If closed within 1 year – Rs.250/-. If closed after 1 year - Nil |
If closed within 1 year – Rs.250/-. If closed after 1 year - Nil |
| RBSB | If closed within 1 year – Rs.125 /-. If closed after 1 year - Nil |
If closed within 1 year – Rs.100 /-. If closed after 1 year - Nil |
| Savings a/cs | If closed within 1 year – Rs.125 /-. If closed after 1 year - Nil |
If closed within 1 year – Rs.100 /-. If closed after 1 year - Nil |
| CC / SOD a/cs | Rs.2000/- if a/c is being taken over by another bank | Rs.2000/- if a/c is being taken over by another bank |
| Folio Charges | ||
| Current a/cs | Free where MAB is Rs.25000/- & above; 1/- per txn if below Rs.25000/- | Free where MAB is Rs.25000/- & above; Rs.1/- per txn if below Rs.25000/- |
| Overdraft / CC a/cs | Rs.1/- per txn | Rs.1/- per txn |
| Savings a/cs | The number of transactions including ATM transactions in all Savings Bank accounts (excluding KVB Prestige, Rainbow Savings Account, Basic Savings Bank Account and Grama Jyothi Accounts) is limited to 90 transactions for each half year (excluding system based debits). Where a person has more than one account mapped to a single Customer ID, the total number of debit transactions permitted in all such accounts put together will be limited to 90 per half year. When number of withdrawals is more than the maximum stipulated, a service charge of Rs.2/- (inclusive of service tax) will be levied for each transactions in excess of 90 transactions. |
The number of transactions including ATM transactions in all Savings Bank accounts (excluding KVB Prestige, Rainbow Savings Account, Basic Savings Bank Account and Grama Jyothi Accounts) is limited to 90 transactions for each half year (excluding system based debits). Where a person has more than one account mapped to a single Customer ID, the total number of debit transactions permitted in all such accounts put together will be limited to 90 per half year. When number of withdrawals is more than the maximum stipulated, a service charge of Rs.2/- (inclusive of service tax) will be levied for each transactions in excess of 90 transactions. |
| Stop Payment Instructions | ||
| Savings a/cs | Rs.50/- per instrument; Rs.150/- for series of instruments | Rs.30/- per instrument; Rs.150/- for series of instruments |
| Current / OD / CC a/cs | Rs.100/- per instrument; Rs.300/- for series of instruments |
Rs.50/- per instrument; Rs.250/- for series of instruments |
| Non operative (Dormant Accounts) | Rs.50/- per half year | Rs.50/- per half year |
| Issue of duplicate Pass Book / Sheet | ||
| Current & Savings a/cs | Rs.10/- with latest balance; for earlier entries, Rs.10/- per page or part thereof | Rs.10/- with latest balance; for earlier entries, Rs.10/- per page or part thereof |
| Loan a/cs | Min. Rs.25/-; beyond one sheet Rs.25/- per sheet. | Min. Rs.25/-; beyond one sheet Rs.25/- per sheet. |
| Signature verification | Rs.50/- | Rs.20/- |
| Collection of Term Deposits on maturity | Free if deposit is made with us; otherwise applicable outstation cheque collection charges | Free if deposit is made with us; otherwise applicable outstation cheque collection charges |
| Standing Instructions | Transfer within own accounts within the same branch – Free. Transfer to third party a/c within same branch –Rs.10/- per entry. Transfer to third party a/c at another branch – Rs.10/- per entry. Transfer to IT / ST / Govt. Depts. – RTGS / NEFT Charges applicable. Transfer to MD a/cs and loan a/cs within the same branch or other branches – Free. In addition, any postage cost incurred on actual basis |
Transfer within own accounts within the same branch – Free. Transfer to third party a/c within same branch – Rs.5/- per entry. Transfer to third party a/c at another branch – Rs.5/- per entry. Transfer to IT / ST / Govt. Depts. – RTGS / NEFT Charges applicable. Transfer to MD a/cs and loan a/cs within the same branch or other branches – Free. In addition, any postage cost incurred on actual basis |
| Issuance of No Dues certificate to non customers | Rs.50/- | Free |
| Cash Remittance at Base Branches – Current A/cs & Overdraft / Cash Credit A/cs | ||
| Up to Rs.3 lakhs per day | Free | Free |
| Above Rs.3 lakhs & up to Rs.10 lakhs | Rs.100/- per Rs.1 lakh | Rs.100/- per Rs.1 lakh |
| Above Rs.10 lakhs | Rs.200/- per Rs.1 lakh | Rs.200/- per Rs.1 lakh |
| Cash Remittance at Base Branches – SB a/cs where MAB of the previous month is less than Rs.5000/- | Free up to Rs.3 lakhs per day thereafter Rs.2/- per Rs.1000/- | Free up to Rs.3 lakhs per day thereafter Rs.1/- per Rs.1000/- |
| Cash Remittance at Base Branches – SB a/cs where MAB of the previous month is more than Rs.5000/- | Free | Free |
| Cash Remittance at Base Branches – Freedom SB | Free | Free |
| Cash Remittance at Base Branches – Yuvashakthi SB | Free | Free |
| Cash Remittance at Base Branches – Prestige SB |
Free | Free |
| Cash Remittance at Base Branches – Shakthi SB |
Free | Free |
| Cash Remittance at Non Base Branches (Except SB A/cs) | Rs.2/- per Rs.1000/- | Rs.2/- per Rs.1000/- |
| Cash Remittance at Non Base Branches – SB a/cs where MAB of the previous month is less than Rs.5000/- | Free up to Rs.25000/- per day beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- | Free up to Rs.25000/- per day beyond which Rs.2/- per `1000/-; Min –Rs.10/- |
| Cash Remittance at Non Base Branches – SB a/cs where MAB of the previous month is more than Rs.5000/- | Free up to Rs.50000/- per day beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- | Free up to `50000/- per day beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- |
| Cash Remittance at Non Base Branches – Freedom SB | Free up to Rs.50000/- per day beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- | Free up to Rs.50000/- per day beyond whichRs.2/- per Rs.1000/-; Min – Rs.10/- |
| Cash Remittance at Non Base Branches – Yuvashakthi SB | Free up to Rs.100000/- per day beyond which Rs.2/- per Rs.1000/-; Min –Rs.10/- | Free up to Rs.100000/- per day beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- |
| Cash Remittance at Non Base Branches – Prestige SB |
Free up toRs.1000000/- per month beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- | Free up toRs.1000000/- per month beyond which Rs.2/- perRs.1000/-; Min – Rs.10/- |
| Cash Remittance at Non Base Branches – Shakthi SB |
Free up to Rs.100000/- per day subject to a max. of `500000/- per month beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- | Free up to Rs.100000/- per day subject to a max. of Rs.500000/- per month beyond which Rs.2/- per Rs.1000/-; Min – Rs.10/- |
| Cash Withdrawal at Base Branches – SB a/cs where MAB of the previous month is less than Rs.5000/- | Free up to 5 txns per month, beyond which Rs.1/- per Rs.1000/-; Min – Rs.10/- | Free up to 5 txns per month, beyond which Rs.1/- per Rs.1000/-; Min – Rs.10/- |
| Cash Withdrawal at Base Branches – SB a/cs where MAB of the previous month is more than Rs.5000/- | Free | Free |
| Cash Withdrawal at Base Branches – Freedom SB | Free | Free |
| Cash Withdrawal at Base Branches – Yuvashakthi SB | Free | Free |
| Cash Withdrawal at Base Branches – Prestige SB |
Free | Free |
| Cash Withdrawal at Base Branches – Shakthi SB |
Free | Free |
| Cash Withdrawal at Non Base Branches – SB a/cs where MAB of the previous month is less than Rs.5000/- (Self cheques only) | Free up to Rs.10000/- per day | Free up to Rs.10000/- per day |
| Cash Withdrawal at Non Base Branches – SB a/cs where MAB of the previous month is more than Rs.5000/- (Self cheques only) | Free up to Rs.25000/- per day | Free up to Rs.25000/- per day |
| Cash Withdrawal at Non Base Branches – Freedom SB (Self cheques only) | Free up to Rs.25000/- per day | Free up to Rs.25000/- per day |
| Cash Withdrawal at Non Base Branches – Yuvashakthi SB (Self cheques only) | Free up to Rs.50000/- per day | Free up to Rs.50000/- per day |
| Cash Withdrawal at Non Base Branches – Prestige SB (Self cheques only) |
Free up to Rs.50000/- per day | Free up to Rs.50000/- per day |
| Cash Withdrawal at Non Base Branches – Shakthi SB |
Free Rs.50000/- per day | Free Rs.50000/- per day |
| REMITTANCES |
| Demand Drafts | ||
| Account Holders | Rs.3/- per Rs.1000/-; Min Rs.30/-; Max.Rs.15000/- | Rs.2.50/- per Rs..1000/-; Min Rs.10/-; Max.Rs.10000/- |
| Non Account Holders | Rs.4/- per Rs.1000/-; Min Rs.40/-; Max.Rs.20000/- | Rs.3/- per Rs.1000/-; Min Rs.10/-; Max.Rs..12000/- |
| DD for Students | Free | Free |
| DD Cancellation, issue of duplicate DD | Up to Rs.50/- free; Above Rs.50/- 10% of the value of the instrument. Max – Rs.250/- |
Up to Rs.50/- free; Above Rs.50/- 10% of the value of the instrument. Max – Rs.250/- |
| Revalidation of DD | Free | Free |
| R T G S (thru Branch) | ||
| Rs.1 lakh to Rs.2 lakhs | Free | Free |
| Rs.2 lakhs to Rs.5 Lakhs | Rs.25/- | Rs.25/- |
| Above Rs.5 lakhs | Rs.50/- | Rs.50/- |
| R T G S (thru Net Banking) | ||
| Rs.1 lakh to Rs.2 lakhs | Free | Free |
| Rs.2 lakhs to Rs.5 Lakhs | Rs.15/- | Rs.15/- |
| Above Rs.5 lakhs | Rs.30/- | Rs.30/- |
| N E F T (thru Branch) | ||
| Up to Rs.10000 | Rs.2.50/- | Rs.2.50/- |
| Up to Rs.1 lakh | Rs.5/- | Rs.5/- |
| Above Rs.1 lakh to Rs.2 lakhs | Rs.15/- | Rs.15/- |
| Above Rs.2 lakhs | Rs.25/- | Rs.25/- |
| N E F T (thru Net Banking) | ||
| Up to Rs.1 lakh | Free | Free |
| Above Rs.1 lakh to Rs.2 lakhs | Rs.10/- | Rs.10/- |
| Above Rs.2 lakhs | Rs.10/- | Rs.10/- |
| If cash in excess of Rs.50000/- is remitted for the purpose of transferring funds through RTGS / NEFT, Rs.2/- per Rs.1000/- will be charged as extra service charges (including the Rs.50000/-) | ||
| Pay Orders |
| Account Holders | Rs.3/- per Rs.1000/-; Min Rs.30/-; Max.Rs.15000/- | Rs.2.50/- per Rs..1000/-; Min Rs.10/-; Max.Rs.10000/- |
| Non Account Holders | Rs.4/- per Rs.1000/-; Min Rs.40/-; Max.Rs.20000/- | Rs.3/- per Rs.1000/-; Min Rs.10/-; Max.Rs..12000/- |
| PO for Students | Free | Free |
| PO Cancellation | Up to Rs.50/- free; Above Rs.50/- 10% of the value of the instrument. Max – Rs.250/- |
Up to Rs.50/- free; Above Rs.50/- 10% of the value of the instrument. Max – Rs.250/- |
| COLLECTION |
| Bills Collection – Inward / Outward | ||
| Inward Bills | Rs.6/- per Rs.1000/- or part thereof; Min.Rs.25/-; Max.Rs.7500/-; Applicable postage charges | Rs.6/- per Rs.1000/- or part thereof; Min.Rs.25/-; Max.Rs.7500/-; Applicable postage charges |
| Outward Bills | Rs.6/- per Rs.1000/- or part thereof; Min.Rs.25/-; Max.Rs.7500/-; Applicable postage charges subject to a min Rs.15/- | Rs.6/- per Rs.1000/- or part thereof; Min.Rs.25/-; Max.Rs.7500/-; Applicable postage charges subject to a min Rs.15/- |
| Cheque Collection – Inward / Outward | ||
| Up to & Including Rs. 5000/- | Rs. 25/- per Instrument | Rs. 25/- per Instrument |
| Above Rs. 5000/- & up to & including Rs. 10000/- | Rs. 50/- per Instrument | Rs. 50/- per Instrument |
| Above Rs. 10000/- & up to & including Rs. 100000/- | Rs. 100/- per Instrument | Rs. 100/- per Instrument |
| Above Rs. 100000/- | Rs.200/- per instrument. | |
| Cheque Collection under Speed clearing | ||
Up to & including Rs. 100000/- |
Nil |
Nil |
Above Rs. 100000/- |
Rs.150/- per instrument. |
|
| Cheques sent for collection - Returned | ||
| Local Cheque (of our bank) | Rs.30/- | Rs.30/- |
| Outstation Cheques | 50% of commission charged as per RBI guidelines + other bank charges if any | 50% of commission charged as per RBI guidelines + other bank charges if any |
| Inward Cheques | One day interest @ Base rate; Min.Rs.300/-; Max.Rs.7500/- | One day interest @ Base rate; Min.Rs.300/-; Max.Rs.7500/- |
| Outward Cheques | SB A/cs – Nil All other a/cs Rs.50/- |
SB A/cs – Nil All other a/cs Rs.50/- |
| Outward Bills sent for collection – Returned | 50% of commission; min.Rs.20/-; max.Rs.5000/- + actual VPL charges | 50% of commission; min.Rs.20/-; max.Rs.5000/- + actual VPL charges |
| Inward Bills sent for collection – Returned | 50% of commission; min.Rs.20/-; max.Rs.5000/- + actual VPL charges | 50% of commission; min.Rs.20/-; max.Rs.5000/- + actual VPL charges |
| Safe Custody Service | ||
| Sealed Cover | Rs.200/- p.a. | Rs.200/- p.a. |
| Sealed Box | Rs.750/- p.a. | Rs.750/- p.a. |
| Bank's own deposits | Free | Free |
Safe Deposit Locker Charges (exclusive of service tax)
| Locker Size | Metro | Urban | Semi-urban / Rural |
| Small | Rs.1000/- | Rs.1000/- | Rs.750/- |
| Medium | Rs.1750/- | Rs.1700/- | Rs.1500/- |
| Big | Rs.2500/- | Rs.2000/- | Rs.1700/- |
| Large | Rs.3500/- | Rs.3000/- | Rs.2000/- |
| Extra Large | Rs.5500/- | Rs.5000/- | Rs.2500/- |
Charges for obtention of CIBIL Report
| Individual Customers | Rs.100/- |
| Corporate Customers | Rs.1000/- |