Current Flexi A/C

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

Sr.No PARTICULARS PREMIUM MEDIUM NORMAL

1

Average Quarterly Minimum Balance (AQMB) Rs.1,00,000/- & above Rs.50,000/-  to  Rs.99,999/- Rs.10,000/-  to Rs.49,999/-

2

Cash Remittance
  At base branch Free Free Free
  At Non base branch Free (up to Rs.5 lacs per day thereafter Rs.1/1000 with min. of Rs.25/- per txn) Up to Rs.1 lacs free per day,
thereafter Rs.1/1000 with min.
of Rs. 25/- per txn
Up to Rs.0.50 lacs free per day, thereafter Rs.1.50/1000 with min. of Rs.25/- per txn

3

Cash withdrawal (by self & Third party together)
  At base branch Free Free Free
  At Non base branch Free Up to Rs.200000/- per day
Thereafter Rs.1.50/1000 with
a min. of Rs.25/- per txn
Up to Rs.100000/- per day Thereafter Rs.2/1000 with a min. of Rs.25/- per txn

4

Inward Clearing Charges
  At base branch Free Free Free
  At Non base branch Free Free Free

5

Outward Clearing Charges
  At base branch Free Free Free
  At Non base branch Free Free Free up to Rs.15 lacs in a month thereafter Rs.10/1000
  Collection charges for Outstation cheques (OCC-Outward Cheque for Collection) Free (Only agency commission) Free (Only agency
commission)
75% of the normal charges

6

Inward Clearing Return Charges
  At base branch Rs.500/- per return for Insufficient funds Rs.300/- per return Rs.200/- per return
  At Non base branch Rs.500/- per return for Insufficient funds Rs.300/- per return Rs.200/- per return

7

Outward Clearing Return Charges
  At base branch Free Rs.10/- per return Rs.20/- per return
  At Non base branch Free Rs.10/- per return Rs.20/- per return

8

OBC/OCC cheque return charges Free Rs.10/- per return Rs.20/- per return

9

DD/PO Charges Free Free up to Rs.7.00
lacs per day with max. 7
instruments at base
branch. Beyond that,
charges as per circular
Free up to Rs.2.00 lacs per day with max. 2 instruments at base branch. Beyond that, charges as per circular

10

Minimum QMB Rs.1,00,000/- Rs.50,000/- Rs.1500 per Quarter (if AQMB goes below Rs.10000/-) Applicable from Second quarter of opening the account.

11

RTGS/NEFT Free Free Up to Rs.50.00
lacs per day with
max. 7 txns
(RTGS/NEFT
together),
thereafter RTGS- Rs.2
to 5lacs- Rs.25/-Above
Rs.5 lacs- Rs.50/-NEFT-Up
to 1 lac- 5/- Rs.1
to 2 lacs- Rs.15/- Above
Rs.2 lacs-Rs.25/-
RTGS- Rs.2 to 5 lacs- Rs..25/-Above Rs.5 lacs- Rs.50/-NEFT -Free up to Rs.2.00 lacs per day with max. 10 txns. Thereafter Up to 1 lac- Rs.5/- Rs.1 to 2 lacs- Rs.15/-Above Rs.2 lacs- Rs.25/-

12

Folio Charges Free Free Rs.30/- per qtr/page

13

Cheque Book Free Free Rs.2.50/- per leaf

14

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

15

VISA International Debit Card Free Free First year free

16

Stop Payment Free Rs.200/- per occasion Rs.200/- per occasion

17

SMS Alerts Free Free Free

18

Net Banking Facility Free Free Free

19

Transfer of funds between CBS branches Free Free Free

20

Demat account Opening and AMC charges
Free for one year
Opening and AMC charges
Free for one year
Demat at charges

21

IMPS (Handy Pay) Free Free Free