CROWN Salary

Overview

Lakshmi Crown Salary SB Account is poised to deliver services most relevant to your evolving needs. With LVB CROWN Services, navigating your finances becomes easier, wherever life takes you.

Access to a complete suite of investment and insurance solutions to help achieve your financial goals with preferential rates and fee waiver on selected banking and investment products.

An exclusive VISA PLATINUM debit card for all our Crown Customers

Exclusive LVB CROWN lounges at select branches

Salient Features

  • Unlimited Access to LVB ATMs & other bank ATMs
  • Five Zero Balance Family Savings Account
  • Free Personal Accidental insurance cover of 5 Lakhs
  • Free Demat Account opening.
  • No charges for collection on Local and Outstation Cheques.
  • Upto 25% waiver on Safe Deposit Locker Rental
  • Free RTGS, NEFT and IMPS transactions.

Eligibility

  • Minimum no. of Employees - 10 Employees
  • Net Salary of the employee - Monthly upload of Rs 1,00,000/- & above

Documentation

  • Necessary KYC documents (as per extant KYC policy of the bank applicable for individual savings accounts) have to be submitted.
  • In addition to the above documents, the attached introduction letter (Annexure VI) signed by the authorized signatory (Introducer) has to be submitted.

Interest Rates & Charges

Sr.No Particulars Lakshmi Crown Salary SB Account
1 Cash Remittance
a. At base branch Free up to Rs 2,00,000/- or 5 transactions per month whichever is lower, thereafter charged at Rs 2 per Rs 1,000/- subject to a minimum of Rs 50/- per transaction
b. At Non-base branch
2 Cash Withdrawal (Only Self-Withdrawals)
a. at base branch Free
b. at Non-base branch
Outstation Clearing Charges Free
3 Clearing Cheque Return Charges
a. Inward Clearing Cheques Rs 100/- per instrument
b. Outward Clearing Cheques Free
4 DD/PO Charges Free
5 Non-maintenance Charge Nil
6 NEFT Charges
Base/Non-Base Branch  Free
Mobile Banking
Net banking Free
7 RTGS Charges
Base/Non-Base Branch Free
Internet/ Mobile Banking
8 Internet banking Facility Free
9 IMPS Free
10 SMS alert Free
11 Cheque Book Free Cheque book of 25 leaves per calendar quarter thereafter Rs 2/- per leaf, Rs 50/- per cheque book
12 Stop Payment Free
13 Standing instruction Free
14 Statement of Account Free Monthly Email Statement
15 Debit Card
a. Debit Card Type Free VISA Platinum International Debit Card
b. Cash Withdrawal Limit per Day INR 2,00,000/-
c. POS Limit per day INR 3,00,000/-
d. E-Commerce per Day INR 3,00,000/-
16 Add on Accounts 5 Family Savings Account*
17 Locker Facility 25% waiver on Locker rent, subject to availability
18 No. of ATM Withdrawal/Month
LVB & Non- LVB ATMs Free
19 Personal Accident Insurance Free Personal Accident Insurance Cover (Death Risk) of Rs5 lakhs (renewable every year) age between 18 to 70 years. (For first person only)
20 Customised Retail Loans Available
21 Demat Account opening Free (Transactions are chargeable as per the schedule)
*Family Savings Account with zero maintenance charges. Family savings account will be opened with an initial payment cheque of Rs 3,000/-
*PAN is mandatory for any deposit above INR 50,000/- in these accounts.
Note: All charges mentioned in the product features are excluding GST
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