Features |
Lakshmi Dynamic Current Account |
Eligibility |
|
Minimum Daily Balance in INR |
Metro |
200,000/- |
Urban |
200,000/- |
Semi-Urban |
1,00,000/- |
Rural |
1,00,000/- |
Sweep into LDC Account from linked Savings Bank Account |
Subject to availability of funds in the linked Savings Bank account, funds will be swept into the LDC Account, whenever a debit transaction is initiated in the LDC Account. This sweep-in will happen online, at the time of transaction itself. |
Sweep-out from Current Account into linked SB Account |
Funds in excess of the specified MDB in LDCA will be moved to the linked SB Account of the customer at EOD, every day in multiples of INR 10,000. |
Cash Remittance |
At Base branch and non-base branch (Cash remittance limit is fungible) per month |
Free limit for fungible Cash Deposit (Base and & non-base Branch combined) - 12 times of prescribed LDCA MDB or 8 times of the combined balances in LDCA and linked SB account, whichever is higher. Above the free limit, cash remittances will be charged at Re. 1/- per Rs 1,000/-, subject to a minimum of Rs 20/-. The charges would be computed during the subsequent month, and the customer charged accordingly. |
Cash Withdrawal |
at base branch |
Unlimited Free |
at non-base branch |
Free limit for non-base branch Cash Withdrawal INR 15 Lakhs per day, thereafter, Rs 2 per Rs 1,000/-, with a minimum of Rs 50/- per transaction. |
Inward Clearing |
at Base branch/non-base branch |
Free |
Outward Clearing |
at base branch |
Free |
at non-base branch |
Free |
Inward Clearing Cheque Return at base/ non-base branch |
For all types of returns |
Rs 150/- + Taxes |
Outward Clearing Cheque Return Charges |
Collection Charges for Outstation/ Other Bank Cheques |
Free |
DD/PO Charges |
50 free per month subject to a maximum of INR 50 lakhs per month. Beyond this, charges will be levied at Rs 1.50 per Rs 1,000/-, subject to a minimum of Rs 50/- and a maximum of Rs 10,000/-. |
RTGS/NEFT |
Combined free limit (RTGS+NEFT) of up to INR 50 Lakhs per day. Thereafter:
RTGS:
INR 2 to 5 Lakhs |
Rs 25/- |
Above INR 5 Lakhs |
Rs 50/- |
NEFT:
Up to INR 1 lakh |
Rs 5/- |
Above INR 1 to INR 2 lakhs |
Rs 15/- |
Above INR 2 Lakhs |
Rs 25/- |
|
Quarterly Folio Charges |
Free |
Cheque Book |
Upto 100 Cheque Leaves free per month, above which Rs 1.50 per cheque leaf will be charged. |
Statement of Account |
Free |
Debit Card |
RUPAY PLATINUM INTERNATIONAL Card free for the first year. Second year onwards charges applicable to the card variant will be levied. |
Stop Payment |
Rs 200/- + taxes, subject to a maximum of Rs 1,000/- per request |
Net Banking Facility |
Free |
Transfer of funds within LVB Branches |
Free |
IMPS |
Available, Transaction charges as applicable. |
Non-Maintenance of MDB Service Charges (per month) |
Metro, Urban Semi-urban and Rural branches;
Rs 500/- + taxes.
Charges would be calculated and levied in the first week of the following month, on pro-rata basis, i.e., based on the number of days short fall. |
CMS |
Available, charges as applicable. |
SMS alerts |
Free |
Linked Savings Account (Product Code-335): |
Zero Balance Savings Account linked to Lakshmi Dynamic Current Account |