Service Charge for KVB START UP and KVB i-smart Current Account
| S.No | Type of Charges | KVB Start-up CA |
|---|---|---|
| 1 | Eligibility | Company which have registered within 24 months,Non maintaince charge is nil for 12 months. |
| 2 | MAB Limit | Nil |
| 3 | Non Maintanance Charge | Nil |
| 4 | Closure of accounts | upto 14 days Nil; < 1 yr - Rs. 500; >= 1 yr - nil |
| 5 | Cheque Book issue | NIL Charges upto 200 cheque leaves p.m., then Beyond free limit Rs.3/- per leaf |
| 6 | Cheque Book Charges | Upto 500 leaves / p.m. - 2 / leaf; Above 500 leaves / p.m. - 3 / leaf |
| 7 | Folio Charges | Nil |
| 8 | Stop Payment Instructions | Rs.50 per instrument Rs.100/- for series of instruments |
| 9 | Signature Verification (per instance) | Rs. 100 |
| 10 | Mobile banking / Internet banking (inclusive of RSA security token) / OTP delivery through SMS & EMail | Free |
| 11 | Demand Drafts / Payorders | Base - NIL Charges up to 15 DD / BC p.m.; thereafter Std Chrgs Non Base - 2 / 1000 (Min 50 Max 5000) |
| 12 | DD / PO Cancellation, issue of duplicate DD / PO | Upto Rs. 5000 - Rs. 60/- Above Rs. 5000 - Rs. 120/- |
| 13 | Cash Remittance at Base Branches & Non base Branches – (Including cash deposited through Cash Deposit machines) | Free cash remittance upto 10 Times of Monthly Average Balance (MAB) subject to maximum of Rs. 0.5 Cr per month at both base and Non base branches put together. Beyond the free limit, Rs.2.00/1000. |
| 14 | Cash withdrawal limit Base branch | No charges. Unlimited in base branch. |
| 15 | Cash withdrawal limit in non base branch | Free Limit – Rs 50,000 per Day beyond which it should be charged @ Rs 2 Per 1000 Subject to minimum of Rs 50 per Transaction As shown in the previous case Wherever the customer breaches either the Value or the Number of transaction to be charged at applicable SOC. First Example , this is only Withdrawal hence Remittance will not be applicable if we consider it as Withdrawal at Non Base Branch the Withdrawal in Excess of Rs 50,000 per day to be charged at Rs 2/ 1000 Second Example will not be applicable as it is per Transaction Limit and hence aggregation will not be applicable As mentioned above Rs 50 per transaction is Minimum charge per transaction and Rs 2/1000 is the SOC |
| 16 | SMS Charges | Rs 50 per quarter plus service tax With Free for First Quarter |
| 17 | RTGS Charges Thru Net Banking | Free |
| 18 | RTGS charges Thru Branch Banking | Rs. 2 lakhs to Rs. 5 lakhs – Rs. 25/- Above Rs. 5 lakhs – Rs.50/- |
| 19 | NEFT charges Thru Net Banking | Free |
| 20 | NEFT charges Thru Branch Banking / Cash | <= Rs. 10000 - Rs. 2.25 > Rs. 10000 - Rs. 1 lac - Rs.4.75 > Rs. 1 lac - Rs. 2 lac - Rs. 14.75 > Rs. 2 lac - Rs. 24.75 |
| 21 | Cheque Return charges (only for financial reasons) | Outward - Nil charges upto 5 p.m.; thereafter Rs. 100 per Cheque Inward - Rs 500 Per Instance |
| 22 | ECS return charges | Debit - Applicable return charges as mentioned for cheques Credit - Free |
| 23 | Adhoc statement | Rs 50 per Statement thru Net Banking & Rs 100 Thri Branch Banking |
| 24 | e - statement | Daily/Weekly / Fortnightly / Monthly Frequencies- Free |
| 25 | NACH Mandate Verification per instance | Rs.100/- + GST |
| 26 | ATM charges Issuance Charges | Free Visa Gold Card . Platinum & Signature Card Chargable |
| 27 | ATM withdrawal limit | Rs 50,000/- |
| 28 | POS Limit | Rs 1,50,000/- |
| 29 | Rewards Points - Offer | > 1 Rewards Points on every 100 Rs Spent , Each point is Valued at Rs 0.25/- |
| 30 | ATM withdrawal limit(No. of Txn) | Unlimited KVB & Other Bank ATM Transactions |
| 31 | PA Cover to Every Card Holder | As per Debit Card T&C |
| 32 | Air Accident Cover | As per Debit Card T&C |
| 33 | Lost Card Liability / Purchase Protection | As per Debit Card T&C |
| S.No | Type of Charges | KVB i-SMART CA Account |
|---|---|---|
| 1 | MAB Limit / Non maintenance of MAB (slab wise charging). | Nil MAB |
| 2 | Non Maintanance Charge | 1500 if MAB> = 50% & 2500 if MAB<50% |
| 3 | Closure of accounts | upto 14 days Nil; < 1 yr - Rs. 500; >= 1 yr - nil |
| 4 | Cheque Book issue | Free |
| 5 | Cheque Book Charges | Free |
| 6 | Folio Charges | Nil |
| 7 | Stop Payment Instructions | Rs.50 per instrument Rs.100/- for series of instruments |
| 8 | Signature Verification (per instance) | Rs. 50 |
| 9 | Mobile banking / Internet banking (inclusive of RSA security token) / OTP delivery through SMS & EMail | Free |
| 10 | Demand Drafts / Payorders | Base - NIL Charges up to 30 DD / BC p.m.; thereafter Std Chrgs Non Base - Nil upto 10 Lac Then after 2 / 1000 (Min 50 Max 5000) |
| 11 | DD / PO Cancellation, issue of duplicate DD / PO | Rs 50 Per Instrument .Thereafter Upto Rs. 5000 - Rs. 60/- Above Rs. 5000 - Rs. 120/- |
| 12 | Cash Remittance at Base Branches & Non base Branches – (Including cash deposited through Cash Deposit machines) | Free cash remittance upto 10 Times of Monthly Average Balance (MAB) subject to maximum of Rs. 0.75 Cr per month at both base and Non base branches put together. Beyond the free limit, Rs.2.00/1000. |
| 13 | Cash withdrawal limit Base branch | No charges. Unlimited in base branch. |
| 14 | Cash withdrawal limit in non base branch | 12 Lakhs per month or 12 Transactions are free , beyond which it is chargeable , In the first Example : 12 Lakhs is free , 1 Lakh cash withdrawn in excess in the account in the first transaction to be charged @ Rs 3.5 per 1000 subject to min Rs 50 , So in this case it will be charges at Rs 350/- In the second example, 12 Lakh to be treated free beyond which it should be charged @ SOC which is Rs 350 per Lac , so 37 Transactions will be charged at Rs 350 each. |
| 15 | SMS Charges | Rs 50 per quarter plus service tax With Free for First Quarter |
| 16 | RTGS Charges Thru Net Banking | Free |
| 17 | RTGS charges Thru Branch Banking | Free |
| 18 | NEFT charges Thru Net Banking | Free |
| 19 | NEFT charges Thru Branch Banking / Cash | Free |
| 20 | Cheque Return charges (only for financial reasons) | Outward - Nil charges upto 10 p.m.; thereafter Rs. 100 per Cheque Inward - Rs 500 Per Instance |
| 21 | ECS return charges | Debit - Applicable return charges as mentioned for cheques Credit - Free |
| 22 | Adhoc statement | Rs 50 per Statement thru Net Banking & Rs 100 Thro Branch Banking |
| 23 | e - statement | Daily Frequency / Weekly / Fortnightly / Monthly Frequencies- Free |
| 24 | NACH Mandate Verification per instance | Rs.50/- + GST |
| 25 | ATM charges Issuance Charges | Free Visa Platinum Card , Signature Card Chargable |
| 26 | ATM withdrawal limit | Rs 75,000/- |
| 27 | POS Limit | Rs 2,00,000/- |
| 28 | Rewards Points - Offer | > 1 Rewards Points on every 100 Rs Spent , Each point is Valued at Rs 0.25/- |
| 29 | ATM withdrawal limit(No. of Txn) | Unlimited KVB & Other Bank ATM Transactions |
| 30 | PA Cover to Every Card Holder | As per Debit Card T&C |
| 31 | Air Accident Cover | As per Debit Card T&C |
| 32 | Lost Card Liability / Purchase Protection | As per Debit Card T&C |
| 33 | USP | Digital Services offering at free of cost, Free Domain & Offers on Website Consultation and Offers on business and consumer accounts with CloudMe |
