Karnataka Bank Ltd.

 

Facilites and Charges

SB-Money Platinum

Requirement of Balance

 

Monthly Average Balance (MAB) # to be maintained

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.

 

Facilities Available:

 

Cash Deposits

 

At Base branch*:
At Non-Base branch: (by a/c holder or person authorized by him) only.

Free
Free up to Rs.5,00,000/- per month.

Cash Withdrawal

 

At Base branch*:
At Non-Base branch:
(For Self cheques only)

Free
Free up to Rs.5,00,000/- per month.

Payment of Multi City Cheques (through clearing transfer)

 

At Speed Clearing Centres
At all other centres

Free
Free

 

DD/ Local DD

 

DDs (purchase of DD from any branch)

Free

 

While calculating Free limit, the DD’s purchased at base branch as well as non-base branches will be considered.

 

 Fund Transfer within the Bank (from Base branch)

 

Within the same Clearing Zone *
Outside the Clearing Zone


Free
Free

 

Inter Bank Fund Transfer.

 

Payment through RTGS/ NEFT systems (from Base Branch).

Free

 

Collection through NEFT and RTGS *

Free

 

Cheque Collection

 

Local Cheques – deposited at base location – payable within the clearing zone.

Free

 

Outstation chq. collection.
(deposited for collection at any Branch)*

Free

 

While calculating Free limit, the Cheques deposited at base branch as well as non-base branches will be considered.

 

Other Facilities:

 

Internet Banking – MoneyClick

Free Registration

 

SMS Alerts, if subscribed.

SMS Alert on debit transactions of Rs.5000/- and above – Free till 15-10.2010.
Registered customers will also receive SMS Alert if MAB is not maintained in a month.

 

MoneyPlant Visa International Debit Card to eligible account holders.

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

 

Statement of A/c Pass Book

Free monthly e-statements are available on request. Pass Book updation from any branch.

 

Charges for non-maintenance of Monthly Average balance

 

Charges per month

Rs. 200/-

If MAB is not maintained in a month, in addition to the above, the actual commission/charges for the total amount of free limit utilized if any, in the particular month will also be recovered. SB Money Platinum

 

Transaction charges applicable above the Free Limit:

 

Cash deposit at non-base branch

@ Rs3/- per Rs. 1000/ or part thereof with a min. of Rs. 25/-

 

Cash Withdrawals at non – base branches.

Rs.2/- per thousand or part thereof with a minimum of Rs.25/-

 

The above cash withdrawals at non-base branches are allowed only with prior intimation and its approval by the paying branch and subject to a per day ceiling of below Rs.10 Lakhs.

 

Payment of multicity cheques at non-base non speed clearing centres per transaction Rs.1/1000 Min. Rs.10/- and max. Rs.50/-

 

Issue of Demand Draft

For DDs payable outside this zone

Rs.2/- per 1000/- with a Min. of Rs.15/- For Senior Citizen –Min-Rs.10/-

 

Rs.1.50 per 1000/- with a Min. of Rs.15/- and Max. of Rs.7500/-
for Senior Citizen – Max-Rs.6000/-

Funds transfer within the Bank (outside the clearing zone)

per transaction Rs.1/1000 Min. Rs.10/- and Max. Rs.50/-

 

Inter Bank Funds Transfer

 

Through NEFT

Below Rs.1 Lakh - Rs.5/- ;
Rs.1Lakh and above - Rs.25/-

 

Through RTGS

From Rs.1 Lakh to below Rs.5Lakh - Rs.25/-;
Rs.5 Lakh & above:Rs.50/-

 

Out station Cheque collection

Upto Rs.10,000/- Rs.5/- per 1000/-. Min- Rs.20/-; Max- Rs.50/-

 

Above Rs.10,000/- upto Rs.1 Lakh – Rs.3/- per 1000/-
Min- Rs.50/- Max – Rs.100/-

 

Above Rs.1 Lakh –Rs.150/-

 

For withdrawals/debits exceeding 50 in any half year

Re.1/- per transaction on subsequent withdrawals / debits.

 

Any cheque dishonoured from the account for want of funds or any other reason attributable to the drawer

Re.1/- per 1000/- of the amount of the instrument returned, or part there of subject to a minimum of Rs.50/-.

 

Charges on Deposited Cheques (collection) Returned (Local):

Handling charges of Rs.25/- per instrument. Plus other bank charges if any

 

Charges on Deposited Cheques (collection) Returned (Outstation) :

50% of actual OBC charges with a minimum of Rs.50/- plus other bank charges if any.

 

Non-MICR/MICR / Multi-City Cheque Book Charges

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

 

Stop payment charges

Rs.50/- per instrument

 

 

Other Conditions:

 

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

2.       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.

3.       For cheque collection, other bank charges if any, sevice tax etc will be applicable.

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

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

6.       All charges and Limits are subject to change. The maximum ceiling on charges wherever applicable is as published in Bank's web site.

7.       Charges for any services not covered herein shall be at the prevailing rates as published in Bank's web site.

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

9.       Month means a calendar month and 'Year' means a financial year (April to March) if not specified otherwise.

10.   The account will be converted into a Normal account if the default persists for three consecutive months, in the case of SB Money Sapphire and Money Platinum Accounts.

11.   Issuing statement of account and duplicate pass book will be handled at base branch only and charges as published in the Bank's Website will be applicable.