Master Current Account

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Master Current Account
  • Features
  • Charges
General Guidelines

Features , Benefits and Advantages

  • MAB : Rs.100000/- F
  • Free Monthly Cash Deposit limit : Rs.10 lakh per month (Inclusive of cash deposited in CDM, Recycler, GCC, Home & Non-Home Branches) Card rates as under will be applicable for deposit above free limits. ₹0.75 per ₹1,000/- + GST Minimum ₹50/- + GST, Maximum ₹20,000/- + GST
  • Maximum Cash Deposit Limit at Non- Home Branch : Rs. 2 Lakhs per day
  • Cheque Book facility: Not allowed
  • Mode of Collection : Cash, Cheque, Draft RTGS, NEFT, IMPS, Payment Gateway etc.
  • Collection through Insta Deposit Card : Allowed
  • ATM : Not allowed
  • INB : View rights only
  • Payment of cash : Not allowed
  • ECS Debit Mandate : Not allowed
  • Bulk Debit transactions : Not allowed
  • Issuance of DD/BC on customer request : Not allowed

Charges

  • Charges for Non-maintenance of Minimum MAB : Rs.2000 +GST per month
  • Annual Account Keeping Applicable : As per card rate
  • SMS Alerts : As per card rate
  • All other Charges applicable : As per card rate
  • Statement of account on email : Allowed

  • Settlement of fund from Collection Current Account to Main Account: Settlement of funds will be done through either End of Day sweep facility to Main Account or home branch will make RTGS/NEFT to main account.
General Guidelines

Last Updated On : Monday, 27-09-2021

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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