Mcc sbi

Hii Buddy , I want to know What is a Multi City Cheque at State Bank Of India , and Whais the Charges to Issue Multi City Cheque , will you plz tell me ?

[shikha]

A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank.

These are issued as Order Cheque.

MCC can be issued in cheque operated accounts (SB and Current.

The MCC facility is to be used only for genuine transactions / bonafide remittances.

No Cash Payments will be made to third parties at other branches.

The upper limit for issue of MCCs is Rs.5 lacs.

The issue charges for MCC are Rs. 3 per cheque leaf and will be debited from the account at the time of issue of the cheque book.

50 Cheque leaves are provided without any charge to each account.

There are No Transaction Charges.