Hello sir, i have an account in sbi bihar branch. Now i am in andhra perdesh. Sir today i update my account i saw 150 rs. Debite in my account for issue multi city cheque book. I am very confuesed what is mcc and how can i get multi city cheque in andhra perdesh. Please help
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sbi multi city cheque book
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Hello sir, i have an account in sbi bihar branch. Now i am in andhra perdesh. Sir today i update my account i saw 150 rs. Debite in my account for issue multi city cheque book. I am very confuesed what is mcc and how can i get multi city cheque in andhra perdesh. Please help
12-04-2017, 12:28 PM
The state-owned bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a corporation owned by the government with its headquarters in Mumbai, Maharashtra. As of 2016-17, it had assets of ¥ 30.72 trillion (US $ 460 million) and more than 14,000 branches, including 191 foreign offices in 36 countries, becoming the largest banking and financial services company in India by assets. The company ranks 232 on the Fortune Global 500 list of the world's largest companies as of 2016.
The Bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank of the Indian subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Bank of India in 1955, with the Central Bank of India taking a 60% stake, and renamed the State Bank of India. In 2008, the government took over the holding of the Reserve Bank of India.
State Bank of India is a banking giant and has a 20% market share in deposits and loans among Indian commercial banks.
"Multi City Check" or MCC is an installation where the customer can issue checks at the base branch and pay at any branch in the remote center. These checks will be treated as local checks at the remote branch. There will be no collection charges and credit will be given the same day, as applicable to local checks. Even if the check is withdrawn from any bank other than the base bank, there will be no collection charges.
For example, if you are paid a multiple city check by an account holder at a SBI branch in Delhi and you drop it at any bank in Mumbai where you have an account, then there will be no collection charges.
The Bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank of the Indian subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Bank of India in 1955, with the Central Bank of India taking a 60% stake, and renamed the State Bank of India. In 2008, the government took over the holding of the Reserve Bank of India.
State Bank of India is a banking giant and has a 20% market share in deposits and loans among Indian commercial banks.
"Multi City Check" or MCC is an installation where the customer can issue checks at the base branch and pay at any branch in the remote center. These checks will be treated as local checks at the remote branch. There will be no collection charges and credit will be given the same day, as applicable to local checks. Even if the check is withdrawn from any bank other than the base bank, there will be no collection charges.
For example, if you are paid a multiple city check by an account holder at a SBI branch in Delhi and you drop it at any bank in Mumbai where you have an account, then there will be no collection charges.
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