Overview
This product seeks to address the specific requirements of Banks which handle financial and non-financial transactions in high volumes every day. One of the critical requirements is managing funds, especially cash, which banks deposit in their current accounts held with other Banks.
This product is tailor made solutions for Banks as a segment.
Interest Rates and Charges
| Sr.No |
Feature |
CA for Banks |
|
1
|
Average Quarterly Balance(AQB) |
NIL |
|
2
|
Cash Deposit |
| At Base Branch |
Free |
| At Non base |
Free up to Rs. 1, 00,000/- per day; thereafter chargeable at Re. 1/- per Rs.1000/- |
|
3
|
Cash withdrawal |
| |
At base Branch |
Free |
| At Non base |
Free up to Rs. 1,00,000/- per day; thereafter chargeable at Re. 1/- per Rs. 1,000/- |
|
4
|
Inward Clearing Charges |
| At base /non base branch |
Free |
|
5
|
Outward Clearing Charges |
| At base / non base branch |
Free |
|
6
|
Inward Clearing Return Charges at base / non-base branch |
Rs. 100/- per cheque |
|
7
|
Outward Clearing Return Charges at base / non-base branch |
Rs. 50/- per cheque |
|
8
|
Collection charges for Outstation Cheques |
NIL |
|
9
|
Outstation cheque collection return charges |
Rs. 50/- per cheque plus other bank charges and out of pocket expenses, if any |
|
10
|
DD/PO Charges |
Free |
|
11
|
RTGS and NEFT |
Free |
|
12
|
Quarterly Folio Charges |
Free |
|
13
|
Cheque Book |
Free |
|
14
|
Statement of account |
Free email statement |
|
15
|
Debit Card |
NA |
|
16
|
Stop Payment |
Free |
|
17
|
Net Banking Facility |
Free |
|
18
|
Transfer of funds between CBS branches |
Free |
|
19
|
IMPS(Handy Pay) |
NA |
|
20
|
Charges for non-maintenance of
AQMB |
NA |
|
21
|
SMS Alerts |
Mandatory transaction SMS alert free, others chargeable. SMS will be sent in case there is any change in day end balances. |
|
22
|
Account Closure charges |
Free |
|
23
|
Standing Instruction |
Free |
|
24
|
ECS Return (charges/Penalties levied by destination branches for ECS(debit) returns due to non-availability of funds in customer account) |
Free |
|
25
|
*Cash Management Service(CMS) |
NA |