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    Rationalisation 2011

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    ruralbank
    The document is a circular from the Mizoram Rural Bank announcing rationalized service charges for inter-core transactions at non-home branches. Key details include: (1) Charges of Rs. 2 per Rs. 1000 deposited with a minimum of Rs. 25 for cash deposits over Rs. 25,000 per day. (2) Transaction fees for cheque deposits and withdrawals that vary based on amount. (3) The same charges apply to clearing instruments and funds transfers between branches. (4) No charges for transactions by staff or pensioners. Branches must manually recover charges if not incorporated in software by July 1st.

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    Download as PDF, TXT or read online from Scribd

    Rationalisation 2011

    Uploaded by

    ruralbank
    128 views2 pages
    The document is a circular from the Mizoram Rural Bank announcing rationalized service charges for inter-core transactions at non-home branches. Key details include: (1) Charges of Rs. 2 per Rs. 1000 deposited with a minimum of Rs. 25 for cash deposits over Rs. 25,000 per day. (2) Transaction fees for cheque deposits and withdrawals that vary based on amount. (3) The same charges apply to clearing instruments and funds transfers between branches. (4) No charges for transactions by staff or pensioners. Branches must manually recover charges if not incorporated in software by July 1st.

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    The document is a circular from the Mizoram Rural Bank announcing rationalized service charges for inter-core transactions at non-home branches. Key details include: (1) Charges of Rs. 2 per Rs. 1000 deposited with a minimum of Rs. 25 for cash deposits over Rs. 25,000 per day. (2) Transaction fees for cheque deposits and withdrawals that vary based on amount. (3) The same charges apply to clearing instruments and funds transfers between branches. (4) No charges for transactions by staff or pensioners. Branches must manually recover charges if not incorporated in software by July 1st.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    128 views2 pages

    Rationalisation 2011

    Uploaded by

    ruralbank
    The document is a circular from the Mizoram Rural Bank announcing rationalized service charges for inter-core transactions at non-home branches. Key details include: (1) Charges of Rs. 2 per Rs. 1000 deposited with a minimum of Rs. 25 for cash deposits over Rs. 25,000 per day. (2) Transaction fees for cheque deposits and withdrawals that vary based on amount. (3) The same charges apply to clearing instruments and funds transfers between branches. (4) No charges for transactions by staff or pensioners. Branches must manually recover charges if not incorporated in software by July 1st.

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    Download as PDF, TXT or read online from Scribd
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    GENERAL CIRCULAR SEEN INITIALS

    NO. CHM/Cir-29/ BM
    DATED 30 MAY, 2011 OFFICERS
    CC
    OTHER STAFF
    MIZORAM RURAL BANK
    Head Office
    B-5, Babu Tilla, Zarkawt
    Aizawl – 796 007
    Mizoram.

    To All Branch Managers

    Dear Sir/Madam,

    Rationalisation of Service Charges


    Inter - Core Transactions
    Non – home transactions

    In line with what is being followed in our sponsor bank it has been decided to
    rationalise sevice charges of intercore transactions as detailed below :

    Sl. Facility Maximum Amount Charges


    No
    i. Deposit of cash at non- Rs. 25000/per day Rs.2/ per1000.min.Rs 25/
    home branches per transaction
    ii. Deposit of cheques at No Limit Intracity-free.
    home/non-home CBS Intercity (per transaction)
    branch, drawn on any Upto Rs.20,000/Free;
    CBS branch / other banks Above Rs. 20000/& upto
    Rs 5.00 lac: Rs 1.50/1000.
    Above Rs.5.00 lac
    Rs.1.00/1000. Min Rs
    750/ Max Rs 1250/
    Iii Deposit of clearing No Limit Same as above
    Instruments at non-home
    CBS branch, drawn on
    Non-CBS branch/ other
    Banks
    iv Encashment of cheque at Cash withdrawal Free
    non-home branch (by the account
    holder): Rs.50000/
    per day

    Transfer to another Same charges as in item ii


    SB/CA at another above
    CBS branch
    Issuance of draft/ Same charges as in item no
    B.Ch/ TT/GPO ii above + Issuance
    charges.
    v Transfer of funds from No Limit Same charges as item ii
    home branch to third party above
    accounts at another CBS
    branch
    vi Pass-book updation at ------- Rs. 10/ per pass-book
    non-home branch at

    Note:
    a) Charges are to be recovered from the account where the credit is afforded.
    b) Charges recovered are to be credited to the branch which puts through the
    transaction.
    c) Transactions put through at non-home branches, where both the legs (debit
    and credit) involve inter core transactions at out-station branches; will be
    charged for one leg only.
    d) Non-home transactions will be allowed to be conducted without any sevice
    charge from all staff / pensioners.

    2. Our Data Centre has been requested to incorporate the service charges in the
    Software itself by 01.07.2011. In case charges are not incorporated by them,
    branches should be in a position to recover the charges manually.

    3. While we are arranging to display the revised service charges on Bank’s


    intranet/website, please arrange to display the charges on Branch Notice Boards for
    information of the public immediately.

    4. Please arrange accordingly.

    Yours faithfully,

    CHAIRMAN

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