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A savings account exclusively for children/youth.
| Features |
Lakshmi Savings Youth Power |
| Eligibility Age Group |
Between 12 to 24 |
| Mini. Balance |
Rs.100/- |
| Document to be obtained |
SB Opening form with Photo and Age Proof Documents. All |
| Age Proof |
Any one of the Following documents should be obtained and attested after due verification of Originals.
1. Birth Certificate from Competent Authority.
2. School / College Certificate.
3.Passport.
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| Cash Remittance charges |
i) Base branch Free
ii) Non Base Branch Free - Upto Rs.50,000/- per day there after Re.1 per 1000.
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| DD / PO Issue |
For remitting of school Fees, Hostel Fees and School / college fees will be paid without Service Charges. For Others as per Ser.Charges. |
| TOD/Overdraft |
Not Allowed |
| Funds Transfer between LVB |
Free between LVB Branches. |
| Chq Book Facility |
1. Age between 12-17 yrs: No Cheque Book facility. Only Loose Leaf.
2. Age 18 & above: Normal Cheque Book is permitted |
| VISA Debit card |
Free for first Year with Daily Withdrawal Limit of Rs.5000/- per day From 2nd year onwards Rs.75/- charges applicable. |
| Internet Banking |
1. For the age between 12-17 Yrs: No Internet Banking facility.
2. Age 18 Yrs & above: Net Banking facility available. |
| SMS/Mobile Banking |
Charges Applicable (Will be debited by Data centre). |
| Non Maintenance of Minimum Balance |
Charges of Rs.50/- per month for all the account holders. |
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