Commission

Service Charges

Service charges with effect from 15th April 2014



Service Charges(Effective from 15th April 2014)
(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
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 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 >Rs.. 5000/- but <= 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/- but <=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 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 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/-
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
Upto 14 days -Nil
If closed within 1 year-Rs.250/-.
If closed at 1 year & after 1 year -Nil
RBSB Upto 14 days -Nil
If closed within 1 year-Rs.125, If closed at 1 year & after 1 year -Nil.
Upto 14 days -Nil If closed within 1 year-Rs.100/- .
If closed at 1 year & after 1 year -Nil
Savings a/cs Upto 14 days -Nil
If closed within 1 year-Rs.125, If closed at 1 year & after 1 year -Nil.
Upto 14 days -Nil If closed within 1 year-Rs.100/- . If closed at 1 year & 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; 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 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 transactions in excess of 90 transactions.
The number of transactions including ATM transactions in all Savings Bank accounts (excluding KVB Prestige, Rainbow Savings Account, Kalpatharu 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 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
 
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/-
 
Signature verification Rs. 50/- Rs. 20/-
 
Collection of Term Deposits on maturity Rs.50/- Rs.50/-
Issuance of No Dues certificate to non customers Rs. 50/- for Rural centres and Rs.100/- for other centres Free
 
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 12Times 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
Free cash remittance upto Rs.5 lacs per month or 12Times 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
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 12Times 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
Free cash remittance upto 12Times 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
C. SODA –FD (281) –Credit balance (Including cash deposited through Cash Deposit machines) Free cash remittance upto 12Times 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 12Times 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- Limit  Less than 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
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
A. Cash Withdrawal at Base and Non- Base Branches – SB a/cs  (Self Cheques only) Free Free
B. Cash Withdrawal at Base and Non- Base Branches – SB a/cs  (Third party Cheques only) Rs.50000/- per day per party Rs.50000/- per day per party
 
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 Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.250/- for all centres Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.250/- for all centres
Revalidation of DD Free Free
 
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/-
 
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 Rs.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 to Rs. 2 lakh Rs. 10/- Rs. 10/-
Above Rs. 2 lakhs Rs. 10/- Rs. 10/-
 
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/-, No max ceiling Rs.3/- per Rs.1000/-
Min-Rs.20/-, No max ceiling
PO for students Free Free
 
PO Cancellation Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of Rs.250/- Upto Rs.50/-Free, above Rs.50/-10% of the value of the instrument. max of 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/-
 
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/- & upto & including Rs. 500000/- Rs. 200/- Rs. 200/-
Above Rs. 500000/- & upto & including Rs. 1000000/- Rs. 200/- Rs. 200/-
Above Rs. 1000000/- Rs. 200/- Rs. 200/-
 
B. Cheque Collection under Speed Clearing
Upto & including Rs. 100000/- Nil Nil
 
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
(with effect from 18.08.2014)

SB A/cs- Rs. 300/-
CA A/cs- Rs.500/-

SB A/cs- Rs. 300/-
CA A/cs- Rs.500/-

Outward Cheques
(with effect from 18.08.2014)
SB A/cs- Rs.50/-
CA A/cs – Rs.100/-
SB A/cs- Rs.50/-
CA 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 Custody Service  No safe custody services to be provided by the branches.
 

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.3000/- Rs. 2000/-
Large Rs.4500/- Rs. 2500/-
Extra Large Rs.6500/- Rs. 3000/-

Charges for obtention of CIBIL Report

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