KVB Corporate Credit Card
Corporate Credit Cards issued to Promoters/Authorized employees of Corporate/Business entities for meeting various business related expenses under Corporate/Business liability.
Features and Benefits
- Exclusive cash back program
- Corporate expenses accounted under corporate liability
- 25 credit cards shall be issued under single corporate
- No joining fees
- Interest free grace period up to 45 days
Others
| Payment of Outstanding Dues | Outstanding dues shall be remitted through Mobile Banking, Net Banking, NEFT/RTGS, Cash/Cheque payment at KVB Branches. |
| EMI | NA |
| Balance Transfer | NA |
| Contactless | NA |
| Auto Debit | Either Total Amount Due (TAD) or Minimum Amount Due (MAD) are accepted. The linked accounts will be auto debited only once on the due dates as given above. |
| Finance Charges | 2.95% per month: 35.40% p.a |
| Interest Free Grace Period | Maximum of upto 45 days. All charges incurred by the use of the Card and all the charges applicable to the Card shall be paid within 15 days from the bill generation date. |
| Validity of the card | Validity of the Card • 5 years or closure of Primary Credit facility with the Bank whichever is earlier.Card to be surrendered in case of take-over /closure of existing credit facilities and outstanding dues on Card shall be extinguished. Securities charged to the Bank for primary credit facilities shall be released only after extinguishing all the outstanding dues. |
| Primary Security | Nil.(option for secured card against FD available) |
| Billing statements | Credit Card holders shall be billed on a monthly basis as per the billing cycle mentioned above for all the purchases and charges incurred by the use of the Card and for all charges applicable to the card account. The billing statement will be mailed on monthly basis to the registered E-Mail ID of the customer. |
| Minimum amount due | Minimum amount due • 5% of the outstanding subject to a minimum of Rs.100 per month. |
| Interest free grace period | Upto 45 days |
| Joining fee | Free |
| Annual fee | Rs.1,000.00/card (free for first year) |
| Card Replacement fee | Rs.500/- |
| Add on card fee | Free |
| Cash withdrawal | Cash withdrawal 2% of the cash withdrawn or Rs.100 whichever is higher |
| Charges on revolving credit | 2.95% per month i.e.35.40% per annum |
| Late Payment charges | Rs.500.00 |
| Charges on over limit | Rs.500.00 |
| Payment (cheque/ECS/NACH) return | Rs.500.00 |
| Cash processing fee | Cash processing fee Rs.100.00 (for all cash deposits made through KVB Branches) |
| Petrol Transaction Surcharge | Petrol Transaction 2%.Maximum per month is Rs.300/- Surcharge (For transaction value minimum of Rs.400/- and maximum of Rs.4000/-) |
| Foreign Currency | Foreign Currency Mark up of 3.5% will be charged on Foreign Currency Transactions |
| Goods & Service Tax(GST) | Applicable on all fees, interest and other charges |
| EMI/BT processing charges | NA |
| EMI/BT foreclosure charges | NA |
| Reward Redemption Fee | NA |
