Commission

Service Charges

Service Charges with effect from 1st April 2015



Service Charges
(Effective from 1st April 2015)
(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
and individuals in rural areas
ACCOUNT RELATED
I. Cheque Book Issue
For all Current a/cs (including MCC accounts) Annual Average Balance of the previous year
AAB < =Rs.25000/- -200 leaves free
AAB>Rs.25000/-and <=Rs.100000/-
300 leaves free
AAB>Rs.100000/-
500  leaves free
Beyond free limit Rs.3/- per leaf
Annual Average Balance of the previous year
AAB < =Rs.25000/- -200 leaves free
AAB>Rs.25000/-and <=Rs.100000/-
300 leaves free
AAB>Rs.100000/-
500  leaves free
Beyond free limit Rs.3/- per leaf
Overdraft a/cs Rs. 3/- per leaf  for all OD / CC a/cs Rs. 3/- per leaf  for all OD / CC a/cs
Savings Bank (<= Rs.1000) 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.1000 & <= 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 >Rs.. 5000/- & <= 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 > Rs.. 50000/- & <=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 > 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 40 leaves free p.a.; thereafter Rs. 2/- per leaf 40 leaves free p.a.; thereafter Rs. 2/- per leaf
Prestige SB a/c Free Unlimited no of leaves Free Unlimited no of leaves
Shakthi SB a/c 60 leaves free p.a.; thereafter Rs. 2/- per leaf 60 leaves free p.a.; thereafter Rs.2/-per leaf
Charges for Loose leaf issue for customers who are already issued with cheque book Rs. 10 per leaf 
(except Prestige a/c)
Rs. 10 per leaf 
(except Prestige a/c)
II. Non Maintenance of Minimum Average Balances (not applicable to dormant a/cs)
Current a/cs Metro, urban & semi-urban centres –
Rs. 200/-
Rs. 70/-
All Regular Savings a/cs Metro, urban & semi-urban centres –
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/-

*Charges will be levied proportionate to the percentage of shortfall in balance maintained in the account for all SB products. For CA accounts the existing method of levying charges will continue.


III. Closure of accounts
Current a/cs Upto 14 days -Nil
If closed within 1 year-Rs.250/-.
If closed at 1 year & after 1 year-Nil (As per BCSBI guidelines)
Upto 14 days -Nil
If closed within 1 year-Rs.250/-.
If closed at 1 year & after 1 year -Nil(As per BCSBI guidelines)
 

RBSB
Upto 14 days -Nil
If closed within 1 year-Rs.125, If closed at 1 year & after 1 year -Nil.
(As per BCSBI guidelines)
Upto 14 days -Nil If closed within 1 year-Rs.100/- .
If closed at 1 year & after 1 year -Nil (As per BCSBI guidelines)
 

Savings a/cs
Upto 14 days -Nil
If closed within 1 year-Rs.125, If closed at 1 year & after 1 year -Nil. (As per BCSBI guidelines)
Upto 14 days -Nil If closed within 1 year-Rs.100/- . If closed at 1 year & after 1 year -Nil (As per BCSBI guidelines)
 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
 

 
IV. Folio Charges
Current a/cs Free where MAB is Rs. 25000/- & above; Rs. 1/- per txn if MAB is below Rs. 25000/- Free where MAB is Rs. 25000/- & above; Rs. 1/- per txn if MAB is below Rs. 25000/-
Overdraft / CC a/cs Rs. 1/- per txn Rs. 1/- per txn
Savings a/s The number of transactions including ATM transactions in all Savings Bank accounts (excluding KVB Prestige, Rainbow Savings Account, Kalpatharu, KVBJDY and Grama Jyothi Accounts) is limited to 90 transactions for each half year (excluding system based debits). 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 transaction in excess of 90 transactions.
The number of transactions including ATM transactions in all Savings Bank accounts (excluding KVB Prestige, Rainbow Savings Account, Kalpatharu, KVBJDY and Grama Jyothi Accounts) is limited to 90 transactions for each half year (excluding system based debits). 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 transaction in excess of 90 transactions.
 
V. Stop Payment Instructions
Savings a/cs Rs. 100/- per instrument; Rs. 150/- for series of instruments Rs. 50/- 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
 
VI. Issue of duplicate Pass Book / Sheet
Duplicate pas book- Savings a/cs Rs.100/- per book Rs.100/- per book
Loan a/cs Min. Rs. 25/-; beyond one sheet Rs. 25/- Min. Rs. 25/-; beyond one sheet Rs. 25/-
Statement of Accounts SB/CA/OD Re.1 per entry Min Rs.10/- Max Rs.50/- Re.1 per entry Min Rs.10/- Max Rs.50/-
 
VII. Signature verification Rs. 100/- Rs. 60/-
VIII. Collection of Term Deposits on maturity Rs.50/- Rs.50/-
IX. Issuance of No Dues certificate to non customers Rs.100/- Rs. 50/-
 
X. Cash Remittance at Base Branches – Current A/cs & Overdraft / Cash Credit A/cs/SODA -FD
A. Cash Remittance at Base Branches & Non base Branches – Current A/c where monthly average balance >= 10000
(Including cash deposited through Cash Deposit machines)
Free cash remittance upto Rs.5 lacs per month or 15 Times of
Monthly Average Balance (MAB) whichever is higher at both base and Non base branches put together.
Beyond the free limit,  Rs 2.00 per 1000 at both base and non base branches  will be charged.
In case of bullion/jewellery customers Rs 5 per 1000 will be charged over and above the free limit
Free cash remittance upto Rs.5 lacs per month or 15 Times of
Monthly Average Balance (MAB) whichever is higher at both base and Non base branch put together.
Beyond the free limit, Rs 2.00 per 1000 at both base and non base branches will be charged.
In case of bullion/jewellery customers Rs 5 per 1000 will be charged over and above the free limit
B. Cash Remittance at Base Branches & Non base Branches – Current A/c where monthly average balance < 10000
(Including cash deposited through Cash Deposit machines)
Free cash remittance upto 15 Times of
Monthly Average Balance (MAB) at both base and Non base branches put together. Beyond the free limit,  Rs 2.00 per 1000 at both base and non base branch will be charged
In case of bullion/jewellery customers Rs 5 per 1000 will be charged over and above the free limit
Free cash remittance upto 15 Times of
Monthly Average Balance (MAB) whichever is higher at both base and Non base branch put together. Beyond the free limit,  Rs 2.00 per 1000 at both base and non base branch will be charged
In case of bullion/jewellery customers Rs 5 per 1000 will be charged over and above the free limit
C. SODA –FD (281) –Credit balance (Including cash deposited through Cash Deposit machines) Free cash remittance upto 15 Times of
Monthly Credit Average Balance at both base and Non base branches put together Beyond the free limit,  Rs 2.00 per 1000 at both base and non base branch will be charged
Free cash remittance upto 15 Times of
Monthly Credit Average Balance at both base and Non base branches put together Beyond the free limit,  Rs 2.00 per 1000 at both base and non base branch will be charged
D. Cash Remittance at Base Branches & Non base Branches Overdraft / Cash Credit A/cs/ loan accounts- <= 1 crore
(Including cash deposited through Cash Deposit machines)

 

Free Upto Rs.75 lac per month thereafter Rs 2.00 per 1000 at both base and non base branches will be charged.
In case of bullion/jewellery customers Rs 5 per 1000 will be charged
Free Upto Rs.75 lac per month thereafter Rs 2.00 per 1000 at both base and non base branches will be charged.
E.Cash Remittance at Base Branches & Non base Branches Overdraft / Cash Credit A/cs/ loan accounts- Limit > 1 crore

(Including cash deposited through Cash Deposit machines)

For KVB Pharma Plus, KVB Textile Plus and KVB steel Plus product features will continue to apply.

Free Upto Rs.100 lac per month thereafter Rs 2.00 per 1000 at both base and non base branches will be charged.
In case of bullion/jewellery customers Rs 5 per 1000 will be charged over and above the free limit.
Free Upto Rs.100 lac per month thereafter Rs 2.00 per 1000 at both base and non base branches will be charged.
F. SODA-FD – (281) (Including cash deposited through Cash Deposit machines) Free limit upto previous month Average Debit balance Free limit upto previous month Average Debit balance
G. Cash Remittance – SB a/cs where MAB of the previous month is less than Rs. 5000/- (Base and Non -Base branches) (Including cash deposited through Cash Deposit machines) Upto Rs.5 lakhs free per month. Thereafter Rs.2/- per thousand Upto Rs.5 lakhs free per month.  Thereafter Rs.2/- per thousand
H. Cash Remittance – SB a/cs where MAB of the previous month is >= Rs. 5000/- and < Rs.25000/-  (Base and Non -Base branches)  (Including cash deposited through Cash Deposit machines) Upto Rs.10 lakhs free per month. Thereafter Rs.2/- per thousand Upto Rs.10 lakhs free per month. Thereafter Rs.2/- per thousand

 

I. Cash Remittance  – SB a/cs where MAB of the previous month is >= Rs.25000/- and < Rs.100000/-  (Base and Non -Base branches) (Including cash deposited through Cash Deposit machines) Upto Rs.15 lakhs free per month. Thereafter Rs.2/- per thousand Upto Rs.15 lakhs free per month. Thereafter Rs.2/- per thousand
J. Cash Remittance  – SB a/cs where MAB of the previous month is >= Rs.100000/-  (Base and Non -Base branches) (Including cash deposited through Cash Deposit machines) Upto Rs.25 lakhs free per month. Thereafter Rs.2/- per thousand Upto Rs.25 lakhs free per month. Thereafter Rs.2/- per thousand
XI. A. Cash Withdrawal at Base and Non- Base Branches – SB a/cs  (Self Cheques only) Free- No upper limit for withdrawals Free- No upper limit for withdrawals
B. Cash Withdrawal at Base and Non- Base Branches – SB a/cs  (Third party Cheques only)
Withdrawal not allowed over Rs.50000/- per day per party.
Rs.50000/- per day per party Rs.50000/- per day per party
 
REMITTANCES
XII. Demand Drafts
Account Holders Rs.3/- per Rs.1000/-Min-Rs.50/-,Max-Rs.15000/- Rs.2.50/- per Rs.1000/-
Min-Rs.30/-,max-Rs.10000/-
Non Account Holders Rs.4/- per Rs.1000/-Min-Rs.40/-,Max-Rs.20000/- Rs. 3/- per Rs. 1000/-; Min Rs. 25/-; Max. Rs. 12000/-
DD for students (As per BCSBI guidelines) Free Free
DD Cancellation, issue of duplicate DD Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.500/- for all centres(As per BCSBI guidelines) Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.500/- for all centres(As per BCSBI guidelines)
Revalidation of DD Free Free
 
XIII. A. R T G S (thru Branch)
Rs. 2 lakhs to Rs. 5 Lakhs Rs. 25/- Rs. 25/-
Above Rs. 5 lakhs Rs. 50/- Rs. 50/-
 
B. R T G S (thru Net Banking)
Rs. 2 lakhs to Rs. 5 Lakhs Rs. 15/- Rs. 15/-
Above Rs. 5 lakhs Rs. 30/- Rs. 30/-
 
XIV. A. N E F T (thru Branch)
Upto Rs. 10000 Rs. 2.50/- Rs. 2.50/-
Above Rs. 10001 to Rs.1 lakh Rs. 5/- Rs. 5/-
Above Rs. 1 lakh to `.2 lakhs Rs. 15/- Rs. 15/-
Above Rs. 2 lakhs Rs. 25/- Rs. 25/-
 
B. N E F T (thru Net Banking)
Upto Rs. 1 lakh Free Free
Above Rs. 1 lakh Rs. 10/- Rs. 10/-
NEFT initiated through cash is limited to Rs.50000/- only per day per party
 
XV. Pay Orders
Account Holders Rs.3/- per Rs.1000/-Min-Rs.50/-,Max-Rs.15000/- Rs.2.50/- per Rs.1000/-
Min-Rs.30/-,max-Rs.10000/-
Non Account Holders Rs.4/- per Rs.1000/-Min-Rs.40/-, No max ceiling Rs. 3/- per Rs. 1000/-; Min Rs. 25/-; No max ceiling
PO for students (As per BCSBI guidelines) Free Free
 
PO Cancellation Upto Rs.50/-Free,  above Rs.50/-10% of the value of the instrument. max of Rs.500/- (As per BCSBI guidelines) Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.500/- (As per BCSBI guidelines)
COLLECTION
XVI. 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/-
 
XVII. A. Cheque Collection – Inward / Outward
Upto & Including Rs. 5000/- Rs. 25/- Rs. 25/-
Above Rs. 5000/- & upto & including Rs. 10000/- Rs. 50/- Rs. 50/-
Above Rs. 10000/- & upto & including Rs. 100000/- Rs. 100/- Rs. 100/-
Above Rs. 100000/- Rs. 200/- Rs. 200/-
C. 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 other accounts Current and OD
accounts:
One day interest @
Base rate; Min. Rs. 500/-
Max. Rs. 7500/-
For SB accounts:
Min Rs.300/- Max. Rs.
7500/-
Current and OD
accounts:
One day interest @
Base rate; Min. Rs. 500/-
Max. Rs. 7500/-
For SB accounts:
Min Rs.300/- Max. Rs.
7500/-
Outward Cheques SB A/cs – Rs.50/-
All other a/cs Rs. 100/-
SB A/cs – Rs.50/-
All other a/cs Rs. 100/-
 
D. 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
E. 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 Deposit Locker Charges (exclusive of service tax)

Locker Size Metro /Urban Semi-urban/ Rural
Small Rs.1200/- Rs. 1000/-
Medium Rs.2500/- Rs. 1700/-
Big Rs.4000/- Rs. 2000/-
Large Rs.6000/- Rs. 2500/-
Extra Large Rs.8000/- Rs. 3000/-

Charges for obtention of CIBIL Report

Individual Customers Rs .100/-
Corporate Customers Rs .1000/-