As a major step forward towards Customer Delight, State Bank of India has decided to issue Multi City Cheque (MCC) Books w.e.f 01.09.2011 to all Per Segment Savings Bank Customers across all its branches. All the MCC cheques issued by these customers shall be paid at par by the paying branch. The issuance of normal cheque books will be discontinued from the same date. However, the normal cheques in circulation will be allowed to be paid as hitherto.
Initially MCC book containing 50 leaves will be issued free of cost to the above account holders. Subsequent issuance of MCC will be Rs. 2/- per leaf. However, MCC will be provided FREE to High value Savings Bank Account holders. These MCC leaves will have a maximum limit of Rs.2.00 lacs.
With this move all these customers will enjoy the ultimate convenience of multi-city payment and the benefits of the largest network of more than 13,000 branches of SBI.