Karnataka Bank Ltd.

 

REVISED CHARGES (Excluding applicable Service Tax)

                                                                                                                                                           

MULTI BRANCH  BANKING  FACILITY -  SB  ACCOUNTS:                                         (Amount in Rs.)

I. Requirement of Balance:

 

 

TIERS

SB-General (SBGEN)

SB-MoneySapphire

 

SB-Money Platinum

Monthly Average Balance (MAB) # to be maintained

With Cheque Book; Rs.1000/-

Rs 10,000

 

 

 

Rs.5,00,000/-

Without Cheque Book facility; Rs.200/-

 

#MAB is average of daily closing balance over the number of days in the month & calculated at the end of the month.

 

II. Cash withdrawal facilities & charges.

At Base Branch(Subject to rules & regulations in force from time to time)

Free.

Free

 

Free

At Non-Base Branch

For self cheques -Maximum withdrawal is below Rs 10 lacs per day.

Free up to Rs.1,00,000/- per month, thereafter, Rs.2/- per thousand or part thereof with a minimum of Rs.25/-

 

Free up to Rs.2,00,000/- per month, thereafter, Rs.2/- per thousand or part thereof with a minimum of Rs.25/-

 

Free up to Rs.5,00,000/- per month, thereafter, Rs.2/- per thousand or part thereof with a minimum of Rs.25/-

The above cash withdrawals are allowed only with prior intimation and its approval by the paying branch.

 

III. Payment of Multicity Cheques and charges thereon.

For Payment at Speed Clearing Centres

 

At all other centres

 

Free

 

 

Free up to Rs.25,000/- per month, thereafter per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

 

Free

 

 

Free up to Rs.1,00,000/- per month, thereafter per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

 

 

Free

 

 

Free

 

IV. Fund transfer from MBB Account to any other account of the same/other customer within KBL (Such debits are to be supported by cheque and to be effected only by base branch):

Within the same Clearing Zone(Subject to rules & regulations in force from time to time)

Free.

 

Free.

 

Free.

 

Outside the Clearing Zone

 

Free up to Rs.25,000/- per month, thereafter per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

Free up to Rs.1,00,000/- per month, thereafter per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

Free.

 

 

V. Fund transfer from MBB Account to any other account across Banks: (Such debits are to be supported by cheque and to be effected only by base branch):

 

For Payment through

RTGS/NEFT systems

 

As per Annexure A (Sl. No. 2 & 3).

 

Free up to Rs.50,000 per month (through NEFT). Thereafter as per Annexure A (Sl. No. 2 & 3).

Free.

 

 

DD/PO From Any Branch (By debit to the account) However, DD Cancellation, Marking  and  Reverting of Lost DD, and Issuance of Duplicate DD will be handled only at the branch where the DD was issued.

DD/ Local DD/ Bankers Cheque/Pay-Orders (issuing branch has to ensure that the DD Applicant is the account holder)

As per Annexure A (Sl. No. 1 & 4).

 

Free up to Rs50,000/- per month.  Thereafter, as per Annexure A (Sl. No. 1 & 4).

Free.

 

VI. Collections

Cash Deposit at base-branch. (Subject to rules & regulations in force from time to time)

Free

 

Free

 

Free.

 

 

Anywhere Cash Deposit- i.e. at other than base branch by self (account holder or person authorized by him) only.

Free up to Rs.25,000/ per month. Beyond that @ Rs3/- per Rs. 1000/ or part thereof with a min. of Rs. 25/-

Free up to Rs.1 Lac per month. Beyond that @ Rs3/- per Rs. 1000/ or part thereof with a min. of Rs. 25/-

Free up to Rs.5 Lac per month. Beyond that @ Rs3/- per Rs. 1000/ or part thereof with a min. of Rs. 25/-

 

1.In case of fund transferred to MBB account from any other account within the base branch or from a local branch,wherein the origin of such fund is on account of cash deposit, charges as applicable to the respective tier of the cash deposited account shall be levied and collected.

2.As it is difficult to ascertain the utilization of Free Limit, wherever exists and Charges thereon for cash remittance at Non-base branches, Data Centre will issue necessary guidelines on collection of applicable charges.

 

 

Cheque Collection & Charges thereon:  Deposit by anybody and at any Branch. (Subject to rules & regulations in force from time to time)

At base location – within the clearing zone.

Free.

 

Free.

 

Free.

 

Outstation Cheque Collection: Deposit by anybody and at any Branch. (Subject to rules & regulations in force from time to time)

 

Outstation cheque/s deposited at the Base branch/ at the place of payment / at a place other than the place of payment and the base branch.

Permitted with OBC/Fast Collection / Speed Clearing charges as per Annexure A (Sl. No. 8).

Free up to Rs.1 lac per month. Thereafter, OBC/Fast Collection / Speed Clearing charges as per Annexure A (Sl.No. 8).

 

Free.

 

Collection through NEFT (National Electronic Fund Transfer)* and RTGS (Real Time Gross Settlement)

Free (Subject to rules & regulations in force from time to time)

Free (Subject to rules & regulations in force from time to time)

Free.

 

MoneyPlant Visa International Debit Card to eligible account holders.

With per day cash withdrawal limit of Rs.15000/- and POS limit of Rs.25000/-.

Gold card with per day cash withdrawal limit of Rs.25000/- and POS limit of Rs.1,00,000/-.

Gold card with per day cash withdrawal limit of Rs.25000/- and POS limit of Rs.1,00,000/-.

Internet Banking – MoneyClick.

Registration Free. Fund transfer within the Bank (subject to ceiling), Utility bill payment etc, will not attract any charge from bank side. 

SMS Alerts, if subscribed.

 

SMS Alert on all debit transactions (customer induced)  of Rs.5,000/- and above - Free for the first 1 year from the date of introduction of the facility. Thereafter as decided by the bank from time to time.

Demat Account

Account opening charges-NIL-.

VII. Cheque Return Charges (in respect of Cheques Drawn by the account holders) 

 Presented for payment through Clearing / Directly presented #

Local cheques' return owing to reasons other than insufficient funds

As per Annexure – A (Sl. No. 9).

Outstation cheques' return owing to reasons other than insufficient funds.

As per Annexure – A (Sl. No. 9).

# Presented across the counter or through post.

Charges on Deposited Cheques (collection) Returned:  other bank charges, any other charges, service tax etc. if any as per Annexure – A (Sl. No. 9) to be collected by the base branch.

VIII. Charges for non-maintenance of stipulated MAB:

 Charges for non-maintenance of stipulated MAB.

With Cheque Book Rs.50/- per month plus the actual commission/charges for the total amount of free limit utilized  in the particular month. SMS Alert if MAB is not maintained in a month

Rs.200/- p.m. and  the total amount of concession availed in the particular month, & the account should be converted into a Normal account if the default persists for three consecutive months.

SMS Alert if MAB is not maintained in a month

Rs.200/- p.m. and  the total amount of concession availed in the particular month, & the account should be converted into a Normal account if the default persists for three consecutive months.

SMS Alert if MAB is not maintained in a month

Without Cheque Book Rs.10/- per month. plus the actual commission/charges for the total amount of free limit utilized  in the particular month. SMS Alert if MAB is not maintained in a month

IX. Cheque Book Charges

Non-MICR/MICR / Multi-City Cheques

3 cheque books of 25 leaves each will be free in a calendar year thereafter, Rs.3/- per cheque leaf.

Stop payment charges

As per Annexure – A (Sl. No.16).

X. Statement of Account: Free monthly e-statements are available on request.  (For duplicate: charges as per Annexure – A (Sl. No. 14) Pass book up dating at any branch. However, issuance of statement of account and issuance of duplicate Pass Book will be handled at Base branch only.

NB: 1. Base Branch/ Location refers to the Branch where the customer maintains his MBB Account.

2. All charges, wherever mentioned, are exclusive of Service Tax, Surcharge etc wherever applicable.

3. All charges and Limits are subject to change. The maximum ceiling on charges wherever applicable is as per Annexure – A.

4. Proceeds of cheque/s deposited for collection will be available for utilization only after realization.

5. Charges for any services not covered herein shall be at the prevailing rates as per Annexure A.

6. A customer is eligible to have MBB account in the Bank under any one particular tier only.

7. ‘Month’ means a calendar month and ‘Year’ means a financial year (April to March) if not specified otherwise.

8. In the above accounts, if the number of withdrawals (customer induced debits) exceeds 50 in any half year, charges are applicable@Rs.1/- per transaction.

 

 

 

 

 

 

 

 

MULTI BRANCH BANKING FACILITY - CURRENT ACCOUNTS:

 

I. Requirement of Balance:

 

 

 

TIERS

Current A/c General (CAGEN)

CA -MoneyPearl

CA - MoneyRuby

CA -MoneyDiamond

CA -MoneyPlatinum

Monthly Average Balance (MAB) # to be maintained

Rural &

Semi Urban

Urban &

Metro

Rs. 50,000

Rs.1,00,000

Rs.3,00,000

 

Rs.15,00,000

Rs.3000/-

5000/-

 

Daily Minimum Balance (DMB) * to be maintained

-N.A-

-N.A-

-N.A-

-N.A-

-N.A-

Rs.5,00,000/-

#MAB is average of daily closing balance over the number of days in the month & calculated at the end of the month.

*DMB is end of the day balance.

Non-maintenance of Minimum Balance charges and other service charges on CAGEN will be as per Annexure – A (Sl. No.10).

II. Cash withdrawal facilities & charges.

At Base Branch (Subject to rules & regulations in force from time to time)

Free.

Free.

Free.

Free.

Free.

At Non-Base Branch

 

 

 

 

 

 

 

 

 

 

Free up to Rs.15,000/- per day, thereafter, Rs.3/- per thousand or part thereof with a minimum of Rs.30/-

 

 

 

 

 

 

Free up to Rs.50000/- per day, thereafter, Rs.3/- per thousand or part thereof with a minimum of Rs.30/-.

Free up to Rs 1 lac per day, thereafter, Rs.3/- per thousand or part thereof with a minimum of Rs.30/-

 

Free up to Rs.3 lacs per day thereafter, Rs.3/- per thousand or part thereof with a minimum of Rs.30/-.

 

Free up to Rs.5 lacs per day thereafter, Rs.3/- per thousand or part thereof with a minimum of Rs.30/-.

 

Maximum cash withdrawal allowed per day ‘By Self’ is less than Rs.10 Lakhs in all schemes.

Maximum cash withdrawal allowed per day through 3rd party cheques is Rs.15000/- for CA Gen account and Rs.50,000/- per day for all other schemes.   

The withdrawals at non base branches are only with prior intimation by the account holder and its approval by the paying branch.

III. Payment of Multicity Cheques and charges thereon. Number of transactions per month under the free limit should not be more than the number mentioned there on for each scheme. Above that, from the next transaction onwards, charges are applicable as indicated, even if the aggregate value is within free limit

 

For payment at Speed Clearing Centres

 

 

At all other centres

 

Free

 

 

 

 

Multi City Cheque facility is available with a charge of Re.1/- per thousand with a minimum of Rs.10/-.

 

Free

 

 

 

Free up to Rs.75 lacs per month, thereafter Re.1/- per Rs.1000 or part thereof with a Min of Rs 10/-. (maximum number of transactions per month under the free limit is 100)

 

Free

 

 

 

Free up to Rs.150  lacs per month, thereafter Re.1/- per Rs.1000 or part thereof with a Min of Rs 10/-.

(maximum number of transactions per month under the free limit is 200)

 

Free

 

 

 

Free up to Rs.400 lacs per month, thereafter Re.1/- per Rs.1000 or part thereof with a Min of Rs 10/-.

(maximum number of transactions per month under the free limit is 300)

 

Free

 

 

 

 

Free

 

 

IV. Fund transfer from MBB Account to any other account of the same/other customer within KBL (Such debits are to be supported by cheque and to be effected only by base branch):  Number of transactions under the free limit, outside the clearing zone should not be more than the number mentioned there on for each scheme. Above that, charges are applicable as indicated, even if the aggregate value is within free limit.

Within the same Clearing Zone (Subject to rules & regulations in force from time to time)

Free.

Free.

Free.

Free.

Free.

Outside the Clearing Zone

 

Per transaction, Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

Per day trans. of total value up to

Rs5 lac is free.  Thereafter, per transaction Rs.1/1000 minimum Rs.10/ and maximum s.50/

(maximum number of transactions per day under the free limit is 10)

Per day trans. of total value upto Rs20 lacs is free. Thereafter, per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

(maximum number of transactions per day under the free limit is 20)

Per day trans. of total value upto Rs50 lacs is free. Thereafter, per transaction Rs.1/1000 minimum Rs.10/ and maximum Rs.50/

(maximum number of transactions per day under the free limit is 30)

 

 

 

 

 

 

 

Free.

V. Fund transfer from MBB Account to any other account across Banks (Such debits are to be supported by cheque and to be effected only by base branch):  Number of transactions under the free limit should not be more than the number mentioned there on for each scheme. Above that, from the next transaction onwards, charges as indicated are applicable, even if the aggregate value is within free limit. 

For Payment through RTGS/NEFT systems

As per Annexure – A (Sl. No. 2 & 3).

Free up to Rs.25 lacs per month. There after as per Annexure – A (Sl. No. 2 & 3)

(maximum number of transactions per month under the free limit is 50)

Free up to Rs.50 lacs per month. There after as per Annexure – A(Sl. No. 2 & 3)

(maximum number of transactions per month under the free limit is 100)

Free up to Rs.250 lacs per month. There after as per Annexure – A (Sl. No. 2 & 3) (maximum number of transactions per month under the free limit is 150)

Free.

 

 

DD/PO From Base Branch only. In MBB accounts - Number of free DDs should not be more than the number mentioned there on for each scheme. Above that, from the next transaction onwards, charges as indicated are applicable, even if the aggregate value is within free limit. 

DD/ Local DD/ Bankers Cheque/Pay-Order issued from Base Branch only

As per Annexure – A (Sl. No. 1 & 4).

Free up to Rs.5 lacs per day, there after actual DD charges will be applicable as per Annexure – A (Sl. No. 1 & 4)  (maximum number of DD/PO’s per month under the free limit is 50)

Free up to Rs 10 lacs per day, there after actual DD charges will be applicable as per Annexure – A (Sl. No. 1 & 4) (maximum number of DD/PO’s per month under the free limit is 50)

Free up to Rs.25 lacs per day, there after actual DD charges will be applicable as  per Annexure – A (Sl. No. 1 & 4) (maximum number of DD/Po’s per month under the free limit is 50)

Free

VI. Collections

 

 

 

 

 

Cash Deposit at base-branch. (Subject to rules & regulations in force from time to time)

For deposit in a single day, Up to Rs.3 Lakhs – Free

Rs.3 Lakh to Rs.10 Lakhs – Rs.100/- per Lakh

Above Rs.10 Lakhs – Rs.200/- per Lakh. (Even if the amount deposited is below Rs.3 Lakhs, if the number of packets of currency is more than 30 (3000 pieces), Rs.10/- per packet (100 pieces) will be collected).

 

Free

Free

Free

Free

Anywhere Cash Deposit- i.e. at other than base branch. By Self (Account Holder) only.

 

Permitted with a charge of Rs.4/- per thousand or part thereof with a minimum of Rs.25/-

Free upto 5 lacs per month. Beyond that @ Rs4/- per Rs. 1000/- or part thereof with a Min of Rs 25/-. 

Free upto Rs 10 lacs per month. Beyond that @ Rs4/- per Rs. 1000/- or part thereof with a Min of Rs 25/-.

Free upto Rs 25 lacs per month. Beyond that @ Rs4/- per Rs. 1000/- or part thereof with a Min of Rs 25/-.

Free upto Rs 25 lacs per month. Beyond that @ Rs4/- per Rs. 1000/- or part thereof with a Min of Rs 25/-.

1.In case of fund transferred to MBB account from any other account within the base branch or from a local branch,  wherein the origin of such fund is on account of cash deposit, charges as applicable to the respective tier of the  credited account shall be levied and collected.

2.As it is difficult to ascertain the utilization of Free Limit and Charges thereon for cash remittance at Non-base  branches, Data Centre will issue necessary guidelines on collection of applicable charges.

 

Cheque Collection & Charges thereon

 

At base location – within the clearing zone. (Party can deposit cheques in any of the branch of his convenience within the clearing zone). Deposit by anybody and no question of ‘Self or Authorised Person’ (Subject to rules & regulations in force from time to time)

Free.

Free.

Free.

Free.

Free.

Number of instruments under the free limit should not be more than the number mentioned there on for each scheme. Above that, from the next transaction onwards, charges as indicated are applicable, even if the aggregate value is within free limit

 

Outstation Cheque Collection i.e. outstation cheque/s deposited at :

1.       Place of payment for credit to base branch. **

2.       Base branch for credit to MBB a/c at base branch. **

3.      Non-base branch, payable at centres other than the place of deposit. (To be handled like any other OBCs and credited to Base branch account only after clearance). Return instrument, if any, be sent to Base branch and Base branch to collect applicable charges as per Annexure – A (Sl. No. 7 & 8).

Permitted with OBC/Fast Collection/ Speed clearing  charges as the case may be will be applicable as per Annexure – A (Sl. No. 8 & 9).

 

Free up to Rs10 lacs per month. Thereafter, OBC/Fast Collection/ Speed clearing  charges as the case may be will be applicable as per Annexure – A (Sl. No. 8 & 9) (maximum number of instruments per month under the free limit is 100)

Free up to Rs30 lacs per month. Thereafter, OBC/Fast Collection/ Speed clearing  charges as the case may be will be applicable as per Annexure – A (Sl. No. 8 & 9) (maximum number of instruments per month under the free limit is 100)

Free up to Rs100 lacs per month. Thereafter, OBC/Fast Collection/ Speed clearing  charges as the case may be will be applicable as per Annexure – A (Sl. No. 8 & 9) (maximum number of instruments per month under the free limit is 100)

Free

 

Other Bank charges if any & other charges, service tax etc.  if any shall be levied extra.  

 

 

 

Collection through NEFT (National Electronic Fund Transfer)* and RTGS (Real Time Gross Settlement)       

FREE (Subject to rules & egulations in force from time to time).

 

FREE(Subject to rules & regulations in force from time to time).

 

FREE (Subject to rules & regulations in force from time to time).

FREE (Subject to rules & regulations in force from time to time).

Free

 

 

VII. Cheque Return Charges (in respect of Cheques Drawn by the account holders) 

 

 

Presented for payment through Clearing /

Directly presented #

 

Local cheques' return owing to reasons other than insufficient funds

As per Annexure – A (Sl. No. 9).

As per Annexure – A (Sl. No. 9).

As per Annexure – A (Sl. No.9).

As per Annexure – A (Sl. No.9).

As per Annexure – A (Sl. No.9).

 

Outstation cheques' return owing to reasons other than insufficient funds.

As per Annexure – A (Sl. No. 9).

As per Annexure – A (Sl. No.9).

As per Annexure – A (Sl. No. 9).

As per Annexure – A (Sl. No.9).

As per Annexure – A (Sl. No.9).

 

# Presented across the counter or through post.

 

Charges on Deposited Cheques Returned: As per Annexure – A (Sl. No. 9).

 

VIII. Charges for non-maintenance of stipulated MAB/DMB:

 

 Charges for non-maintenance of stipulated MAB.

Rs.100/- per month

Rs.1,000/- p.m. & the account should be converted into a Normal account if the default persists for three consecutive months.

Rs.1,500/- p.m. & the account should be converted into a Normal account if the default persists for three consecutive months.

Rs.3,000/- p.m. & the account should be converted into a Normal account if the default persists for three consecutive months.

Rs.5,000/- p.m. & the account should be converted into a Normal account if the default persists for three consecutive months.

 

Charges for non-maintenance of stipulated DMB.

-N.A-

-N.A-

-N.A-

-N.A-

Rs.500/- per day for the number of days of non-maintenance of DMB.

 

IX. Cheque Book Charges

 

Non-MICR/MICR /

Multi-City Cheques

25 cheque leaves free per calendar year thereafter, Rs.3/- per cheque leaf

50 cheque leaves free per calendar year thereafter, Rs.3/- per cheque leaf

75 cheque leaves free per calendar year thereafter, Rs.3/- per cheque leaf

100 cheque leaves free per calander year thereafter, Rs.3/- per cheque leaf

Free

 

Stop payment charges

As per Annexure – A (Sl. No.165).

Rs 25/- per instrument

 

 

MoneyPlant Visa International Debit Card to eligible account holders.

Transactions are FREE of charge at domestic ATM’s. Charges are applicable on international usage.

 

Internet Banking – MoneyClick for eligible accounts.

Registration Free. Fund transfer within the Bank (subject to ceiling), Utility bill payment etc will not attract any charge from bank side. 

 

SMS Alerts, if subscribed.

SMS Alert on debit transactions (customer induced)  of Rs.25,000/- and above – Free for the first 1 year from the date of introduction of the facility. Thereafter, as decided by the bank from time to time.

 

Demat Account

Account opening charges-NIL-.

 

X. Statement of Account:

If Daily only

Rs.15/- per page irrespective of number of entries

If Weekly only

Rs.10/- per page irrespective of number of entries

If Monthly only                    

Free

Free monthly e-statements are also available on request and the same shall be sent to those who are authorized to operate the account.

NB: 1. Base Branch/ Location refers to the Branch where the customer maintains his MBB Account.

2. All charges are exclusive of Service Tax, Surcharge etc wherever applicable.

3. All charges and limits are subject to change. The maximum ceiling on charges wherever applicable is as per Annexure – A.

4. Proceeds of cheque/s deposited for collection will be available for utilization only after realization.

5. Charges for any services not covered herein shall be at the prevailing rates as per Annexure – A.

6. A customer is eligible to have MBB account in the Bank under any one particular tier only.

7. ‘Month’ means a calendar month and ‘Year’ means a financial year (April to March), unless specified otherwise.

8. Duplicate Statement are subject to charge as per Annexure – A.

9. Branches shall monitor all MBB accounts properly.