You no longer need to be a high networth client or a businessman to use at par facilities of the bank. UTI Bank has now launched at par facility for all its savings account holders.
Currently, cheques are applicable to only that city where the account is maintained. If a customer has to collect or make a payment outside his city then he will have to use either a cheque collection facility or a draft respectively. Under the at par system, cheques can be presented at the local clearing itself, wherever UTI Bank branches are present.
This facility is currently offered only by private and foreign banks to high networth and some corporate clients. Corporate clients and current account customers are, however, charged for this service.