Account Related Charges
The charges regarding the account related banking services are listed here (Effective from 01.11.2022).
| Nature of Services | Individuals / Sole Prop. / Partnership Firms / Companies / Trusts and Others in Non-Rural Areas | Senior Citizens, Pensioners and Individuals in Rural Areas |
|---|---|---|
| 1. Cheque Book Issue | ||
| For all Current Accounts (including MCC accounts) | ||
| Annual Average Balance of the previous year (AAB) | Annual Average Balance of the previous year (AAB) | |
| AAB <= Rs. 25,000/- - 200 leaves free | AAB <= Rs. 25,000/- - 200 leaves free | |
| AAB > Rs. 25,000/- and <= Rs. 100000/- - 300 leaves free | AAB > Rs. 25,000/- and <= Rs. 100000/- - 300 leaves free | |
| AAB > Rs. 100000/- - 500 leaves free Beyond free limit Rs. 3/- per leaf | AAB > Rs. 100000/- - 500 leaves free Beyond free limit Rs. 3/- per leaf | |
| Overdraft Accounts | Rs. 3/- per leaf for all OD / CC Accounts | Rs. 3/- per leaf for all OD / CC Accounts |
| Regular Savings Bank Account (155 product) | 25 leaves free per annum for all eligible Accounts thereafter Rs. 10.00/- per leaf Rs. 3/- per leaf for Senior Citizen product | 25 leaves free per annum for all eligible Accounts thereafter Rs. 10.00/- per leaf Rs. 3/- per leaf for Senior Citizen product |
| Freedom SB Account | 25 leaves free per annum thereafter Rs. 10/- per leaf | 25 leaves free per annum thereafter Rs. 10/- per leaf |
| Yuvashakthi SB Accounts | 25 leaves free per annum thereafter Rs. 10/- per leaf | 25 leaves free per annum thereafter Rs. 10/- per leaf |
| Prestige SB Accounts | Free Unlimited no. of leaves | Free Unlimited no. of leaves |
| Shakthi SB Accounts | 25 leaves free per annum thereafter Rs. 10/- per leaf | 25 leaves free per annum thereafter Rs. 10/- per leaf |
| For all other applicable SB products Cheque Book charges after free limit | Rs. 10/- per leaf for all accounts | Rs. 10/- per leaf for all accounts |
| 2. Non-Maintenance of Minimum Average Balances (not applicable to dormant Accounts) | ||
| Current Accounts for 115 | Metro, urban & semi-urban centres - Rs. 200/- | Rs. 70/- |
| Multicity Accounts | Rs. 500/- per month | Rs. 500/- per month |
| Regular Savings Account(155 product) & NRO SB Account | Metro, urban & semi-urban centres - Rs. 200/- | Rs. 200/- |
| For Senior Citizens | No Minimum balance charges | No Minimum balance charges |
| Rainbow SB Account | Rs. 200/- | Rs. 200/- |
| Freedom, Yuvashakthi, Shakthi Accounts | Rs. 250/- | Rs. 250/- |
| Prestige Account | Rs. 500/- | Rs. 500/- |
| *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. | ||
| 3. Closure of Accounts | ||
| Current Accounts | ||
| Up to 14 days - Nil | Up to 14 days - Nil | |
| If closed within 1 year - Rs. 350/- | If closed within 1 year - Rs. 300/- | |
| If closed at 1 year & after 1 year - Nil (As per BCSBI guidelines) | If closed at 1 year & after 1 year - Nil (As per BCSBI guidelines) | |
| Savings Accounts | Up to 14 days - Nil | Up to 14 days - Nil |
| If closed within 1 year: Rs. 300/- for Freedom, Yuvasakthi, NRE / NRO, Rs. 100/- for Jumbo, Corp, Smart SB Accounts, Rs. 150/- - Sr. Citizen SB Account, Rs. 300/- - Rainbow, Resident SB, Rs. 200/- - Student Accounts, Rs. 300/- - Shakthi, If closed at 1 year & after 1 year - Nil | If closed within 1 year - Rs. 300/- for Freedom, Yuvasakthi, NRE / NRO, Rainbow, Resident SB All other accounts Rs. 100/- if closed within 1 year If closed at 1 year & after 1 year - Nil (As per BCSBI guidelines) | |
| CC / SOD Accounts | Rs. 2,300/- If account is being taken over by another bank | Rs. 2,300/- If account is being taken over by another bank |
| 4. Transaction Charges | ||
| Current Accounts | Free where MAB is Rs. 25,000/- & above Rs. 1.25/- per transaction if MAB is below Rs. 25,000/- (Minimum Rs. 25/-) | Free where MAB is Rs. 25,000/- & above Rs. 1/- per transaction if MAB is below Rs. 25,000/- (Minimum Rs. 15/-) |
| Overdraft / CC Accounts | Rs. 1/- per transaction | Rs. 1/- per transaction |
| Savings Accounts | 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 transactions is more than the maximum stipulated, a service charge of Rs. 2.25/- (inclusive of GST) 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 transactions is more than the maximum stipulated, a service charge of Rs. 2.25/- (inclusive of GST) will be levied for each transaction in excess of 90 transactions. |
| 5. Stop Payment Instructions | ||
| Savings Accounts | Rs. 125/- per instrument | Rs. 60/- per instrument |
| Rs. 250/- for a series of instruments | Rs. 175/- for a series of instruments | |
| Current / OD / CC Accounts | Rs. 150/- per instrument Rs. 350/- for a series of instruments | Rs. 100/- per instrument Rs. 300/- for a series of instruments |
| 6. Issue of Duplicate Passbook / Sheet | ||
| Duplicate Passbook - Savings Accounts | Rs. 150/- per book | Rs. 100/- per book |
| Loan Accounts | Min. Rs. 25/- Beyond one sheet Rs. 25/- per sheet | Min. Rs. 25/- Beyond one sheet Rs. 25/- per sheet |
| Statement of Accounts SB / CA / OD | Re. 1/- per entry Min - Rs. 10/- Max - Rs. 100/- | Re. 1/- per entry Min - Rs. 10/- Max - Rs. 50/- |
| 7. Signature verification / Photo Attestation charges | ||
| Signature verification / Photo Attestation charges | Rs. 125/- | Rs. 30/- |
| 8. Issuance of No Dues certificate to non-customers | ||
| Issuance of No Dues certificate to non-customer charges | Rs. 150/- | Rs. 50/- |
| 9. Cash Remittance at Base Branches - Current Accounts & SODA - FD | ||
| A. Cash Remittance at Base Branches & Non-base Branches - Current Accounts where monthly average balance >= 10,000 (Including cash deposited through Cash Deposit machines) | Free cash remittance up to Rs. 5 Lakhs per month or 10 Times of Monthly Average Balance (MAB) whichever is higher at both base and Non-base branches put together. Beyond the free limit, Rs. 4/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers Rs. 6/- per Rs. 1,000/- will be charged over and above the free limit | Free cash remittance up to Rs. 5 Lakhs per month or 10 Times of Monthly Average Balance (MAB) whichever is higher at both base and Non-base branch put together. Beyond the free limit, Rs. 4/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers RS. 6/- per Rs. 1,000/- will be charged over and above the free limit |
| Cash Remittance at Base Branches & Non base Branches – Current account where monthly average balance >= 20000 (Including cash deposited through Cash Deposit machines) | Free cash remittance up to Rs. 5 Lakhs per month or 12 Times of Monthly Average Balance (MAB) whichever is higher at both base and Non-base branches put together. Beyond the free limit, Rs. 3.50/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers Rs. 6/- per Rs. 1,000/- will be charged over and above the free limit | Free cash remittance up to Rs. 5 Lakhs per month or 12 Times of Monthly Average Balance (MAB) whichever is higher at both base and Non-base branch put together. Beyond the free limit, Rs. 3.50/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers RS. 6/- per Rs. 1,000/- will be charged over and above the free limit |
| B. Cash Remittance at Base Branches & Non base Branches – Current account where monthly average balance < 10000 (Including cash deposited through Cash Deposit machines) | Free cash remittance up to 10 Times of Monthly Average Balance (MAB) at both base and Non-base branches put together. Beyond the free limit, Rs. 4/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers Rs. 6/- per Rs. 1,000/- will be charged over and above the free limit | Free cash remittance up to 10 Times of Monthly Average Balance (MAB) whichever is higher at both base and Non-base branch put together. Beyond the free limit, Rs. 4/- per Rs. 1,000/- at both base and non-base branches will be charged. In case of bullion / jewellery customers Rs. 6/- per Rs. 1,000/- will be charged over and above the free limit |
| C. Cash Remittance at Base Branches & Non base Branches – Current account where monthly average balance of Rs.1 lac & above (Including cash deposited through Cash Deposit machines) | Free cash remittance up to 12 times of Monthly Average Balance (MAB) subject to maximum of Rs. 3 Cr per month at both base and non-base branches put together. Beyond the free limit, MAB – 1 lac & above upto Rs.5 lac Above free limit: Rs.3/1000 MAB – 5 lac & above upto Rs.25 lac Above free limit: Rs.2.50/1000 MAB – Above Rs.25 lac Above free limit: Rs.2/1000 MAB – Above Rs.50 lac Above free limit: Rs.1.75/1000 at both base and non-base branches will be charged. In case of bullion / Jewellery customers Rs. 6/- per Rs. 1,000/- will be charged over and above the free limit. | Free cash remittance up to 12 times of Monthly Average Balance (MAB) subject to maximum of Rs. 3 Cr per month at both base and non-base branches put together. Beyond the free limit, MAB – 1 lac & above upto Rs.5 lac Above free limit: Rs.3/1000 MAB – 5 lac & above upto Rs.25 lac Above free limit: Rs.2.50/1000 MAB – Above Rs.25 lac Above free limit: Rs.2/1000 MAB – Above Rs.50 lac Above free limit: Rs.1.75/1000 at both base and non-base branches will be charged. In case of bullion / Jewellery customers Rs. 5/- per Rs. 1,000/- will be charged over and above the free limit. |
| D. SODA - FD (281) - Credit balance (Including cash deposited through Cash Deposit machines) | Free cash remittance up to 15 times of Monthly Credit Average Balance at both base and Non-base branches put together. Beyond the free limit, Rs. 2/- per Rs. 1,000/- at both base and non-base branches will be charged. | Free cash remittance up to 15 times of Monthly Credit Average Balance at both base and Non-base branches put together. Beyond the free limit, Rs. 2/- per Rs. 1,000/- at both base and non-base branches will be charged. |
| E. SODA - FD - (281) (Including cash deposited through Cash Deposit machines) | Free limit up to previous month Average Debit balance. | Free limit up to previous month Average Debit balance. |
| F. Cash Remittance - Regular SB Accounts ( Non-Base branches) (Including cash deposited through Cash Deposit machines) | Free up to Rs. 30,000/- per day, subject to a max. of Rs. 2,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Free up to Rs. 30,000/- per day, subject to a max. of Rs. 2,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| G. Cash remittance charges at non-base branches for Freedom SB | Free up to Rs. 1,00,000/- per day, subject to a max. of Rs. 4,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Free up to Rs. 1,00,000/- per day, subject to a max. of Rs. 4,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| H. Cash remittance charges at non-base branches for Yuvasakthi / RBSB | Free up to Rs. 1,00,000/- per day, subject to a max. of Rs. 4,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Free up to Rs. 1,00,000/- per day, subject to a max. of Rs. 4,00,000/- per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| I. Cash remittance charges at base branches - For Shakthi, Freedom, Yuvasakthi, RBSB SB Accounts | Rs. 5 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 5 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| J. Cash Remittance Limit - base branch - For Regular SB Accounts | Rs. 3 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 3 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| K. Cash Remittance Limit - base branch - For NRO / Salary SB | Rs. 1 Lakh per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 1 Lakh per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| L. Cash Remittance Limit - base branch - For Senior Citizen product 173 | Rs. 3 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 3 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- |
| Cash Deposit (Above 5 transactions in month) for CASA in branch except BSBD, FI and Senior Citizen products All cash deposit transactions for CASA accounts are free in BNRMs | Rs.50/- per transaction | Rs.50/- per transaction |
| 10. Cash Withdrawal | ||
| A. Cash Withdrawal at Base and Non-Base Branches - SB Accounts (Self Cheques only) | Free without any limit | Free without any limit |
| Cash Withdrawal (Above 5 transactions in month Excluding free ATM/BNRM withdrawals CASA accounts except BSBD, FI and Senior Citizen products | Rs.50/- per transaction | Rs.50/- per transaction |
| B. Cash Withdrawal charges(self Cheque) at non base branches for Sakthi / Yuvasakthi / Freedom | Free without any limit | Free without any limit |
| C. 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. 50,000/- per day per party | Rs. 50,000/- per day per party |
