Lakshmi-Vilas-Bank Personal-NRI Premium-Banking

Flexi Current Account

Overview

Lakshmi Current Flexi account is a revolutionary current account with self- upgrading/Downgrading option. Based on your previous quarterly average balance, the account adopts itself to offer you unrivaled services.

LVB Current Flexi Account offers conveniences appropriate to your growing business needs. The more you keep, the more benefit you avail.

Salient Features

  • Auto upgrade and down grade of product variant basis average quarterly balance maintained in the previous quarter
  • Dynamic cash deposit and withdrawal limits
  • Unlimited free inward and outward clearing
  • Free Net banking and SMS facility

Eligibility

  • Applicable for all Individual and Non individual customers who wish to open a current account

Documentation

  • All extant KYC guidelines applicable to opening Current Accounts shall be adhered to.

Charges

S.No

PARTICULARS

PREMIUM

MEDIUM

NORMAL

1

Average Quarterly Minimum Balance (AQMB)

INR 1,00,000/- & above

INR50,000/-  to  INR 99,999/-

INR10,000/- to INR 49,999/-

2 Cash Remittance
  • Additional Charges - If atleast 80% of average balance as per product variant is not maintained, then the cash free limit will not be considered and charges will be applicable from the first cash deposit
  • The cash deposit charges applicable to Trusts, Societies, Clubs, Associations, Government Organizations, customers who have availed POS machines or has availed Loan against property from the Bank may be waived off based on the overall customer relationship with the bank
  • The charges are applicable for cash deposit at branches and also cash deposit in Cash Recycler Machines

 

Base Branch

Free cash deposit limit upto 2 times of previous month avergae balance (AMB), subject to a maximum of Rs 50 L per month. For the month of account opening, free limit will be Rs 2 L for the month.
Above cash deposit free limit, charges of Rs 5 per Rs 1000 are applicable, subject to a minimum of Rs 25 per transaction

  Non-base branch Free cash deposit limit upto Rs 2 lakhs per month Above cash deposit free limit, charges of Rs 5 per Rs 1000 are applicable, subject to a minimum of Rs 25 per transaction

 

No of cash deposit transactions

25 cash deposit transactions free per month
After free limit, Rs 50 per cash deposit transaction will be applicable

3 Cash withdrawal (by self & Third party together)  

 

At base branch

Free

Free

Free

 

At Non base branch

Free

Up to INR 200000/- per day
Thereafter 
INR 1.50/1000 with a minimum
of INR 25/- per txn

Up to INR 100000/- per day
Thereafter INR 2/1000 with a
minimum of INR 25/- per txn

 4 

Inward Clearing Charges

Free

Free

Free

5

Outward Clearing Charges 

 

At base branch

Free

Free

Free

 

At Non base branch

Free

Free

Free up to INR 15 lacs in a month
thereafter INR 10/1000

 6

Inward Clearing  Return Charges

INR  500/- per return for Insufficient funds

INR  300/- per return for
Insufficient funds

INR  200/- per return for Insufficient funds

 7

Outward Clearing Return Charges

Free

INR 10/- per return

INR 20/- per return

8

OBC/OCC cheque return charges

Free

INR 10/- per return

INR 20/- per return

9

DD/PO Charges

Free

Free up to INR 7.00 lacs per day with max
. 7 instruments at base branch. Beyond that,
charges are applicable

Free up to INR 2.00 lacs per day
with max. 2 instruments at base
branch. Beyond that, charges are applicable

10

Minimum AQMB

INR 1,00,000/-

INR 50,000/-

INR 1500 per Quarter (if AQMB
goes below INR 10000/-) Applicable
from Second quarter of
opening the account.

INR 10,000/-

11

RTGS

Free

Free Up to INR 50.00 lacs per
day with maximum
of 7 transactions (RTGS/NEFT together)
,thereafter
RTGS:
INR 2 to 5 lacs- INR 25/-Above
INR 5 lacs- INR 50/-
NEFT:
Up to 1 lac-INR 5/-
INR 1 to 2 lacs- INR 15/-
Above INR 2 lacs-INR 25/-

INR 2 to 5 lacs- INR .25/-
Above INR 5 lacs- INR 50/-    

 

NEFT

Free

Free up to INR 2.00 lacs per day
with maximum 10 transactions.
Thereafter Up to 1 lac-INR 5/-INR
1 to 2 lacs- INR 15/-Above
INR 2 lacs-INR 25/-

12

Folio Charges

Free

Free

90 transactions free per quarter thereafter
INR2 per transaction with a minimum
of INR 50 per quarter.

13

Cheque Book

Free

Free

INR 2.50/- per leaf

14

Statement of Account

Free

Free(Only through E-mail, last day of month)

15

Debit Card

Free

Free

Free for 1st year only

16

Stop Payment

Free

INR 200/- per occasion

INR 200/- per occasion

17

SMS Alerts

Free

Free

Free

18

Net Banking Facility

Free

Free

Free

19

Fund transfer within LVB

Free

Free

Free

20

Demat account

Opening and AMC charges Free for one year

Demat at charges

21

IMPS

Free

Free

Free

 

* All charges are subject to modification from time to time & GST as applicable