| 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 |