Karnataka Bank Ltd.
REVISED
CHARGES (Excluding applicable Service Tax)
MULTI BRANCH BANKING
FACILITY - CURRENT ACCOUNT:
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I. Requirement of
Balance: |
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CA -MoneyDiamond |
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Monthly Average Balance (MAB)
# to be maintained |
Rs.3,00,000 |
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Daily Minimum Balance (DMB)
* to be maintained |
-N.A- |
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#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). |
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II. Cash withdrawal facilities & charges. |
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At Base Branch (Subject to rules & regulations
in force from time to time) |
Free. |
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At
Non-Base Branch |
Free up to Rs.3 lacs per day thereafter, Rs.3/-
per thousand or part thereof with a minimum of Rs.30/-. |
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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. |
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The withdrawals
at non base branches are only with prior intimation by the account holder and
its approval by the paying branch. |
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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 |
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For
payment at Speed Clearing Centres At all
other centres |
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) |
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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. |
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Within the same Clearing Zone (Subject to rules
& regulations in force from time to time) |
Free. |
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Outside the Clearing Zone |
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) |
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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. |
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For Payment through RTGS/NEFT
systems |
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) |
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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. |
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DD/ Local DD/ Bankers Cheque/Pay-Order issued from Base Branch only |
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) |
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VI. Collections |
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Cash Deposit at base-branch. (Subject to rules
& regulations in force from time to time) |
Free |
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Anywhere Cash Deposit- i.e.
at other than base branch. By Self
(Account Holder) only. |
Free upto Rs 25 lacs
per month. Beyond that @ Rs4/- per Rs. 1000/- or part thereof with a Min of Rs 25/-. |
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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. |
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Cheque Collection & Charges thereon |
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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. |
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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 |
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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). |
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) |
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Other Bank charges if any & other charges, service tax etc. if any shall be
levied extra. |
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Collection
through NEFT (National Electronic Fund Transfer)*
and RTGS (Real Time Gross Settlement) |
FREE (Subject to rules & regulations in force from
time to time). |
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VII. Cheque Return Charges (in
respect of Cheques Drawn by the account
holders) |
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Presented for payment
through Clearing / Directly presented # |
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Local cheques' return owing
to reasons other than insufficient funds |
As per Annexure – A (Sl. No.9). |
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Outstation cheques'
return owing to reasons other than insufficient funds. |
As per
Annexure – A (Sl. No.9). |
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# Presented
across the counter or through post. |
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Charges
on Deposited Cheques Returned: As per Annexure – A (Sl. No. 9). |
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VIII. Charges for
non-maintenance of stipulated MAB/DMB: |
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Charges
for non-maintenance of stipulated MAB. |
Rs.3,000/- p.m. & the account should
be converted into a |
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Charges
for non-maintenance of stipulated DMB. |
-N.A- |
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IX. Cheque Book Charges |
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Non-MICR/MICR / Multi-City Cheques |
100 cheque leaves free
per calander year thereafter, Rs.3/-
per cheque leaf |
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Stop payment charges |
Rs 25/- per instrument |
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MoneyPlant Visa International
Debit Card to eligible account holders. |
Transactions
are FREE of charge at domestic ATM’s. Charges are applicable on international
usage. |
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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. |
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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. |
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Demat
Account |
Account
opening charges-NIL-. |
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X.
Statement of Account:
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If Daily only |
Rs.15/- per page irrespective of number of entries |
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If Weekly only |
Rs.10/- per page irrespective of number of entries |
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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. |
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NB: 1. Base
Branch/ Location refers to the Branch where the customer maintains his MBB Account. |
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2. All charges
are exclusive of Service Tax, Surcharge etc wherever applicable. |
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3. All
charges and limits are subject to change. The maximum ceiling on charges
wherever applicable is as
per Annexure – A. |
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4.
Proceeds of cheque/s deposited for collection will
be available for utilization only after realization. |
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5.
Charges for any services not covered herein shall be at the prevailing rates as per Annexure – A. |
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6. A
customer is eligible to have MBB account in the
Bank under any one particular tier only. |
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7.
‘Month’ means a calendar month and ‘Year’ means a financial year (April to
March), unless specified otherwise. |
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8.
Duplicate Statement are subject to charge as per Annexure – A. |
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9.
Branches shall monitor all MBB accounts properly. |
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