4.1 Product Delivery :
The product shall be delivered through CBS branches only
and payable at par at all CBS branches .
4.2 Issuance of cheques
a An existing customer maintaining Current Account /SB Account
can open a separate current account under this scheme with the same customer ID solely for
the purpose of getting Prefunded Cheques. This account will be considered a supplementary
account to the normal account and not a separate account.
b The account under this scheme will be exempted from Ledger Folio
charges, Minimum balance charges and intersol transaction charges ( i.e. no charges will
be levied to the account of the drawer of the Prefunded Cheques even if the cheques are
paid by some other CBS branch ).
However, charges per cheque book of 10 leaves will be levied upfront @
Rs.100/- for cheque denomination of Rs.10,000/- and @ Rs.50/- for denomination of
Rs.5000/- and Rs.1000/-.
c Prefunded Cheques will be issued on multiple occasions till the
customer decide to discontinue the facility.
d Cheque-books will be issued for a prepaid value of not exceeding
Rs.10,000/-, Rs.50,000/- and Rs.100000/- (i.e. cheque book containing 10 leaves - each
leaf not exceeding for Rs.1000/- , Rs.5,000/- or Rs.10000/- as the case may be )
4.3 Stop Payment
The depositor can instruct stop payment of such cheques through
any of the CBS branches and extant procedure for handling such request shall be