Service Charge For SB Account
| S No | Product Type | KVB SELECT ACCOUNT | KVB PRIMO SB ACCOUNT | KVB ELITE SB ACCOUNT | KVB REGAL ACCOUNT | KVB ROYAL SB ACCOUNT |
|---|---|---|---|---|---|---|
| 1 | Monthly Average Balance | Rs 10,000/= - Metro Urban / 7500 - SU/RUR | Rs 25,000/= Metr / Ur - 15000 SU / Rural | Rs 50,000/= | Rs.5,00,000/- | AMB of 10 Lac or TRV of 30 Lac TRV Includes Savings , Current , FD/TTT , RD TRV : 1) Only Opening balance to be calculated in FD / TTT 2) Running Balance to be calculated as we calculate Savings & Current Account 3) TRV Should be calculated on Monthly basis |
| 2 | Cash remittance at base branch | Rs. 6 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 8 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Free of charges upto Rs.10.00 lakh per month Thereafter charges applicable as per service charges tariff. | Free | |
| 3 | Cash remittance at non-base branch | Rs. 6 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Rs. 8 Lakhs per month. Beyond that, Rs. 3/- per Rs. 1,000/- Min - Rs. 15/- | Free of charges upto Rs.10.00 lakh per month Thereafter charges applicable as per service charges tariff. | Free | |
| 4 | Cash withdrawal at base branch | Free without any limit (Self Cheque).Rs. 50,000/- per day per party (Third Party cheque). | Free without any limit (Self Cheque).Rs. 2,00,000/- per day per party (Third Party cheque). | Free without any limit (Self Cheque).Rs. 3,00,000/- per day per party (Third Party cheque). | ||
| 5 | Cash withdrawal at non-base branch | Free without any limit (Self Cheque).Rs. 50,000/- per day - per party (Third Party cheque). | Free without any limit (Self Cheque).Rs. 2,00,000/- per day per party (Third Party cheque). | Free without any limit (Self Cheque).Rs. 3,00,000/- per day per party (Third Party cheque). | ||
| 6 | Cheque book | Free cheque leaves of 50 per annum. Thereafter, Rs.3/- per cheque leaf. | Free cheque leaves of 100 per annum. Thereafter, Rs.3/- per cheque leaf. | Unlimited Free Personalized at par cheques | ||
| 7 | Issue of demand drafts / pay orders | Free DD / PO Per Month upto Rs.1 Lakh Post these limits (Rs.3.50 / 1000 (Min 30/-) and Max Rs.15000/-) | Free DD / PO Per Month upto Rs.3 Lakh Post these limits (Rs.3 / 1000 (Min 30/-) and Max Rs.15000/-) | Unlimited DD / PO Free | ||
| 8 | IB & MB facility | Free | ||||
| 9 | NEFT transactions | Unlimited Free NEFT both at Branch & Online | ||||
| 10 | RTGS transactions | Unlimited Free RTGS both at Branch & Online | ||||
| 11 | IMPS Transaction | Unlimited Free IMPS both at Branch & Online | ||||
| 12 | Demat Account Opening | As per Schedule of Charges | No account opening fee | Free | ||
| 13 | E Statement | Free Online E Statement , Monthly Auto E Statement Free | Free, as per requirement | |||
| 14 | Physical Statement | Branch - Rs 100/- & Rs 75/- through Phone Banking | Nil Charges | Free, once in quarter | Free, as per requirement | |
| 15 | Outstation cheque collection | Free | ||||
| 16 | Personalized banking services | NA | Dedicated RM | |||
| 17 | ATM | KVB ATMs - Unlimited transactions Free & Other Bank ATMs 10 Transactions Rs.25/- (incl.GST) per transaction (Financial & Rs 20/- Non-Financial Txns) | KVB ATMs - Unlimited transactions Free & Other Bank ATMs 15 Transactions Free Rs.25/- (incl.GST) per transaction (Financial & Rs 20/- Non-Financial Txns) | KVB ATMs - Unlimited transactions Free & Other Bank ATMs 20 Transactions Free Rs.25/- (incl.GST) per transaction (Financial & Rs 20/- Non-Financial Txns) | Unlimited free transactions on KVB as well as non KVB Bank ATMs | |
| 18 | MAB non-maintenance charges | 6% of the shortfall in required AMB per month (Max upto Rs.600/-) Min Rs 250/- Should be aligned as AMB and should be aligned with Account Opening Month , M0 ( Month of Account opening AMB to be waived ) Customer to be charged on subsequent month if the AMB is not maintained in previous month | In case of not meeting the above criteria, NMC will be applicable at 6% of shortfall from the Savings Balance Requirement with Max Cap of INR. 600/- Should be aligned as AMB and should be aligned with Account Opening Month , M0 ( Month of Account opening AMB to be waived ) Customer to be charged on subsequent month if the AMB is not maintained in previous month | |||
| 19 | Folio Charges | The number of transactions including ATM transactions in all Savings Bank accounts is limited to 90 transactions for each half year (excluding system based debits). The total number of debit transactions permitted in all such accounts put together will be limited to 90 per half year.When number of transactions is more than the maximum stipulated, a service charge of Rs.2.25/- (inclusive of GST) will be levied for each transaction in excess of 90 transactions. | NA | No Folio Charges Applicable | ||
| 20 | Account Closure Charges | Rs.300/-Charges are levied if account is closed between 14 days and 1 year. No charges would be levied if account is closed within 14 days of account opening or after 1 year | Rs.500/-Charges are levied if account is closed between 14 days and 1 year. No charges would be levied if account is closed within 14 days of account opening or after 1 year | |||
| 21 | Stop Payment Instruction Charges | Rs 75/- for a Instrument , Rs 200/- for a series of instrument Stop Payment ECS -Rs.100 | Rs 50/- for a Instrument , Rs 175/- for a series of instrument Stop Payment ECS -Rs.100 | Nil | ||
| 22 | Cheque Collection – Inward / Outward | 1st Return – Rs 50 2nd Return onwards – Rs 100 | ||||
| 23 | Cheque Collection – Inward / Outward - Return Charges | 350 for first return in a month thereafter 750 for each additional return in the same month | ||||
| 24 | ECS & NACH Mandate Charges | ECS /NACH Registration - Free ECS / NACH Credit Returns - Free ECS /NACH Return Rs.350/- for first return in a month thereafter 750 for each additional return in the same month | ||||
| 25 | Debit Card Variant | Master Titanium Chip with NFS | Visa Platinum Chip with NFS | Rupay Select | Master World Chip with NFS | Visa Infinite Chip with NFS |
| 26 | Debit Card Issuance Fee | Free | ||||
| 27 | Add On / Reissuance Card Fee | Rs 200/- | Free | |||
| 28 | Annual Maintanance Fee | Rs 250/- | AMC of Rs 2000/- waived | |||
| 29 | ATM withdrawal limit | Rs 30,000/- | Rs 50,000/- | Rs 75,000/- | Rs 1,00,000/- | Rs 2,00,000/- |
| 30 | POS Limit | Rs 75,000/- | Rs 1,00,000/- | Rs 2,00,000/- | Rs.5,00,000/- | Rs 6,00,000/- |
| 31 | KVB Reward Points | > 1 Rewards Points on every 100 Rs Spent , Each point is Valued at Rs 0.25/- | > 2 Rewards Points on every 100 Rs Spent , Each point is Valued at Rs 0.25/- | > 3 Rewards Points on every 100 Rs Spent , Each point is Valued at Rs 0.25/- | ||
| 32 | PA Cover | NA | NA | NA | Rs 500000 | Rs 2500000 |
| 33 | Air Accident Cover | NA | NA | NA | Rs 5000000 | Rs 10000000 |
| 34 | Airport lounge access | NA | NA | 1 per quarter | 3 Per Quarter | 4 per quarter |
| 35 | Lost Baggage | NA | NA | Rs 5000 | Rs 10000 | Rs 25000 |
| 36 | Lost Card liability | Rs 50000 | Rs 50000 | Rs 100000 | Rs 600000 | Rs 800000 |
| 37 | Purchase protection | Rs 50000 | Rs 50000 | Rs 100000 | Rs 500000 | Rs 600000 |
| 38 | Discount on Locker Rentals | NA | NA | NA | > 30% Discount on Locker rentals | > 50% Discount on Locker rentals |
| 39 | Lifestyle & Alliance partners offers | NA | NA | As per Payment Network Provider | > Exclusive lifestyle & Engagement privileges through brands / alliance partners | > Exclusive lifestyle & Engagement privileges through brands / alliance partners |
