A transaction that takes place in a branch of your bank may involve accounts that are maintained in another branch. For example, a customer has an account in the Head Office branch and approaches another branch of the bank for a cash withdrawal.
For each combination of branches that may be involved in an inter-branch transaction, you can define the currency and the respective customer accounts to which the related accounting entries will be posted.
The accounting entries for such inter-branch transactions can be routed in one of the following ways:
|S.No.||Inter-Core Charges between our branches||Max. Amt.||Charges|
|1.||Transfer transaction between VEASB branches Local/Outstation||Subject to restriction for non-home transactions for different branches.||NIL|
|2.||Cash Transaction between VEASB Branches: Local /Outstation|
|a.||Deposit of cash at non-home CBS branches||P-Segment-Rs.25,000/- per day SME Segment- Rs.2.00 lac per day||Rs.2/- per 1000. min.Rs.50/- per transaction|
|b.||Encashment of cheque at non home branch||P-Segments; Max.limit:Rs.50,000/- SME segment: Max.Limit:1.00 lacs||upto Rs.50,000/- Free, Above Rs.50,000/- and upto Rs.1,00,000/- Rs.2/- per Rs.1000/-Min Rs.50/-per transaction|