1. The MCC facility is payable at any Core Banking Solution (CBS) branch of State Bank of India (SBI). The list of CBS branches is available at Bank's website (www.sbi.co.in), branch/ area/ city-wise,under ‘locators'.
2. The MCC facility is to be used only for bonafide transactions/ purposes.
3. No cash payments will be made on MCCs favouring third parties.
4. Payment of MCC will be made at our branches only through the cheque leaf issued for the sameand if it is in order, subject to availability of clear balance/ funds / drawing power in the account and signature of drawer(s) tallies with the mandate and signature(s) available in the CBS system.
5. The service charges for issue/payment/return/stop payment instructions in respect of MCCs,as fixed by the Bank, are payable from the respective account from time to time. SBI may change /Modify the service charges associated with MCC facility periodically. Applicable charges can be ascertained from the Bank's website and also from the branches.
6. The Bank has the sole discretion to decide to provide / continue/ terminate the facility or reject the request for MCC facility at any point of time without assigning any reason whatsoever.
7. The account holder(s) will indemnify the Bank against any third party claims, loss or damages caused to the Bank due to his/ her/ their negligence or fraud by any third party in respect of MCC facility granted.
8. All unused cheque leaves will have to be returned to the branch, before closure of account or on discontinuation of the MCC facility.
9. The Bank shall have no obligations to any third party including any beneficiary other than the account holder for the execution of any MCC payment instruction.