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CD Premium SMART A/c - Features / Terms & Conditions as on 01/12/2011
A Business Banking A/c tailor made with 26 FREE & FLEXIBLE limits!
A total FREE business banking A/c @ Rs. 5 lakh (AMB).
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A. Minimum Balance & Non-Commitment Fee:
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Particulars
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Features /Service charges/Remarks
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1. Average Monthly Balance (AMB)
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Rs. 50,000/- in Metro & Urban centers.
Rs. 25,000/- in Rural & Semi-Urban centers.
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2. Non-commitment fee if AMB is not maintained.
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Rs.500/- per month. However the basic flexible free limits will be permitted without any additional service charges.
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B. Free services:
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- Parent branch cash / transfer/ clearing transactions both debit as well as credit transactions. (Cash handling charges @ Rs.10/- per 100 notes for deposits above 3,000 notes per day will be collected extra both at the parent as well as non parent branches).
- Non parent branch clearing / transfer - credit transactions within same clearing zone.
- Non parent branch clearing / transfer - debit transactions.
- Local cheque / ECS clearing facility.
- Fund transfer through Net Banking within the bank.
- Automated SMS alerts to one registered mobile number.
- Registration / Modification / Execution of Standing Instructions. (Actual postage & remittance charges extra, if applicable)
- Transaction charges (no folio charges)
- Duplicate A/c statement print as per request.
- Duplicate / Cancellation / Revalidation charges for Demand Drafts.
- A/c balance certificate.
- Power of Attorney / Mandate – Registration / Modification.
- Photo attestation.
- Duplicate interest certificate as per request.
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C. Flexible Free Limits: Method of calculation: For every additional Rs.25,000/- maintained towards AMB, the customer will be eligible for additional free limits @ 25% of the following seven basic free limits. For example, if the AMB for a particular month is Rs.80,000/-, then the eligible free limits will be 125 cheque leaves, Rs.93,750/- each for cash deposit & withdrawal through non parent branches, Rs.37.50 lakh towards monthly clearing / transfer credit from non parent branches and so on. If the AMB maintained during a particular month is Rs.5 lakh & above, then these 7 services will be offered free of charges and without any upper limits. Other bank service charges if any will be collected extra.
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Particulars
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Free limits / Features / Service charges (These service charges for a particular month will be recovered during the month end, based on the AMB maintained in the A/c)
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1. Cheque facility - both ordinary as well as At Par Payable
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100 leaves free per month. Rs.2/- per additional leaf.
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2. Non parent branch cash withdrawal
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Rs. 75,000/- free per working day. Rs.3/- per every additional Rs.1000/-
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3. Non parent branch cash deposit
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Rs. 75,000/- free per working day. Rs.3/- per every additional Rs.1000/-
(Cash handling charges @ Rs.10/- per 100 notes for deposits above 3,000 notes per day will be collected extra both at the parent as well as non parent branches)
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4. Non parent branch clearing / transfer credit transactions from other clearing zones.
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Rs.30 lakh free per month. Rs.5/- per every additional Rs. 1 lakh.
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5. Out station cheque collection & instruments of value above 1 lakh presented through speed clearing.
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SIB commission free for first 50 instruments per month. SIB commission of Rs.25/- flat per additional instruments. Other Bank Charges extra.
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6. Purchase of Demand Draft / Payment orders
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Rs. 5 lakh & 30 instruments free per month. Rs.1/- for every additional Rs.1,000/- & Rs.10/- for every additional instrument.
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7. RTGS/NEFT fund transfer
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Inward: Free
Outward: first 30 RTGS/NEFT transactions free per month. Rs.5/- per every additional Rs.1 lakh.
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D. Other service charges:
If the AMB maintained during a particular month is Rs.5 lakh & above, then these 5 services will be offered free of charges and without any upper limits. Other bank service charges if any will be collected extra.
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Particulars
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Service charges / Remarks (These service charges for a particular month will be recovered during the month end, based on the AMB maintained in the A/c.)
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1. Cheque stop payment
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Rs.50/- per instrument.
Rs. 200/- for a batch of more than 3 instruments at a time.
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2. Local clearing return (Cheque / ECS) issued by the customer)
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Cheques: Rs.2/- per Rs.1,000/- & Minimum Rs.200/- per instrument.
ECS: Rs.2/- per Rs.1,000/- & Minimum Rs.100/- per instrument.
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3. Local clearing return (instruments deposited by the customer)
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Rs.30/- per instrument.
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4. Outstation cheque collection return
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Rs.30/- per instrument. Other Bank Charges extra.
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5. Cash handling charges
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Rs.10/- per 100 notes for cash deposits above 3,000 notes per day both at the parent as well as non parent branches.
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