Cheques drawn by the depositors would be payable only at the parent branch upon presentation. Should the depositor desire any payment at par facility, Multi-City Cheuqe books are made available by CBS/MBB branches for payments through other CBS/MBB branches, subject to stipulations.

No transfer of funds from one account to another would be allowed without the written authority of the account holder(s) from whose account funds are being transferred. Such authority letter should be signed in the same manner as the cheques on the account are signed. It is preferable to either give standing instructions for regular transfer of funds or to issue cheques for the purpose.

Depositors can either deposit or withdraw cash from other CBS branches than the parent CBS/MBB branch (where the account is maintained). While there is no restriction on cash deposits, withdrawals are restricted to a maximum of Rs.50,000/= only. Such withdrawals would be allowed only to the depositor(s) and not to third parties. The authorised employee representative of the depositors –who interacts with the branch officials on a daily basis-would not be treated as third party.

Account statements are made available periodically as per arrangement and through internet banking as well. The customers should verify the entries therein at regular intervals.
No entry must be made in the pass book/statement, except by a Bank official. Any error or omission should immediately be brought to the notice of the Bank.  The Bank will not be responsible for any loss arising from the neglect of this precaution.
The entries can be made of individual cheques deposited or for the total of the cheques deposited in a pay-in-slip as per the customer’s option and this option should be intimated in advance to the Branch officials.

It should be understood that although entries may have been made to the credit of an account and such entries initialled by an officer in the pass book/statement, should such credits be made up of cheques, which have to be collected, the amount they represent is not available for drawing until the proceeds have been released by the Bank.

The customer may authorise, for his convenience, an agent or nominee to operate on his account. Such an authority is given either by way of Mandate Letter or Power of Attorney. KYC Norms would be applicable to the Power of Attorney Holders also.
By mandate letter the particular banker is informed that certain powers have been delegated whereas a power of attorney acts as a general notice and authority. 
A power of attorney may be special or general. A special power of attorney authorises a person to act in a single transaction whilst authority to act in more than one transaction such as a bank account or generally, is a general power of attorney.
The power of attorney is a stamped document. A power to operate an account will not include, by itself, a power to overdraw or borrow money.
Authority or power to borrow by the attorney should definitely/explicitly be stated/embodied in the instrument.

The authority granted to an attorney to operate on the account is revoked EITHER by specific instructions by the account holder(s) which should be in writing, OR (a) where the donor (or mandator), or one of the donors (or mandators) is deceased becomes insane, insolvent or bankrupt; (b) where there is more than one attorney with power to all of them to act JOINTLY the power is revoked on the demise of one of them.
A notice of cancellation by one of the donors (or mandators) will also have the effect of withdrawal of authority.

• Delete, alter or add to these Rules at any time, and the amended rules shall be displayed on the Bank’s website from time to time and also in the branches’ notice boards which shall be binding on the customers.
• Opening of any account will be at the Bank’s sole discretion.
• Close any account after giving at least 15 days’ written notice, and without assigning any reason whatever, if in its sole discretion, the dealings are not satisfactory. In such cases, the customers concerned should surrender their unused cheque leaves to the Branch concerned forthwith.