Tanstia FNF Services
"Multi City Cheque" is a facility wherein the customer can issue cheques drawn at the base branch and payable at any remote centre. These cheques will thus, be treated as local cheques at the remote centre, even if they are presented through any Bank other than Andhra Bank. There will be no collection charges and the credit will be given on the same day, asapplicable to local cheques.
The facility of MCC is available at all cluster connected Branches. At present we have over 860 branches, where you can issue multicity cheques. As more and more branches are connected, we will continue to increase the list.
The facility of Multi City Cheques is available to all types of SB account holders, Current account holders and COD/ SOD account holders who fulfill the following eligibility criteria:
Savings bank account with a monthly minimum balance of Rs. 10,000/-
Current accounts with a monthly minimum balance of Rs. 50,000/-
COD/ SOD accounts with a sanctioned minimum limit of Rs. 50,000/-
Apply for the MCC facility in the prescribed application form available at all the cluster-connected branches of the Bank.
MCC Cheques cannot be used for withdrawing cash, as they are pre-printed with A/c Payee Crossing.
Multi City Cheques are payable at all the cluster linked centres, subject to the availability of clear balance in the account of the customer, and the availability of the link between the branches.
Transaction Charges: This facility is offered free of any transaction charges at present.
Cheque Leaf Charges: Rs.5/- per leaf in case of both SB and CD/COD/SOD accounts. No free cheques would be given. The accounts availing Multi-city cheque facility can also avail ordinary cheque books.
Cheque Bounce Charges:In the incident of a Multi-city cheque bounce due to financial reasons, Rs.100/- will be charged
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