Just A Dollar A/c

Overview

Are you an importer, exporter, or an entity involved in domestic and/or international trade transactions?

If yes, why pay for trade and foreign exchange transactions as a percentage of the value of transactions, when you can get them for just Rs. 75/-? JUST A DOLLAR Account offers an incredibly attractive pricing of just Rs. 75/- on a host of remittance, trade and forex transactions. Now go ahead and open JUST A DOLLAR account and drastically bring down your transaction costs.

Salient Features

  • Lowest Trade Charges
  • Free RTGS, NEFT and internet banking
  • Free outstation collection charges
  • Free unlimited cash withdrawal at base branch
  • Free SMS alert and email statement

Eligibility

  • Exporters and importers with IEC registration

Documentation

  • All extant KYC guidelines applicable to opening Current Accounts shall be adhered to.
  • In addition following documents to be collected:
    • IMPORT EXPORT Certificate(IEC)
    • JAD - List of Features and Charges
     

Charges

Features LVB Just A Dollar Current Account PC : 392
Quarterly Average Balance (INR) 
Metro & Urban Rs.1,00,000/-
Semi-Urban & Rural Rs.1,00,000/-
Cash Deposit Charges 
At Base Branch Free limit for Cash Deposit - 12 Lakhs. Above the free limit, cash remittances will be charged at Re. 1/- per Rs. 1,000/-, subject to a minimum of Rs. 20/-.
At Non - Base Branch
Cash Withdrawal Charges 
At base branch Unlimited Free
At non base branch Free limit for non-base branch Cash Withdrawal Rs. 5 Lakhs per day, thereafter, Rs. 2/1000, with a minimum of Rs. 50/- per transaction.
Inward Clearing & Outward Clearing 
At Base branch/non base branch Free
Inward Clearing Cheque Return at base/ non base branch Rs.150/- + Taxes ( For all type of returns)
Outward Clearing Cheque Return Charges Free
Collection Charges for Outstation/ Other Bank Cheques Free
DD/PO Charges 40 Free per month subject to minimum of INR 50 lacs per month. Beyond this, charges will be levied at INR 1.50 per INR 1000 , subject to minimum of INR 50/- and maximum of INR 10,000/-
RTGS/NEFT Free
Quarterly Folio Charges Free
Cheque Book Upto 5 Books with 50 leaves each free per month, above which INR 1.50 per cheque will be charged
Statement of Account Free
Debit Card Rupay Platinum Debit card. Free for first year and will be chargeable from second year onwards
Stop Payment INR 200/- + taxes, subject to a maximum of INR 1000/- per instance
Net Banking Facility Free
Transfer of funds within LVB Branches Free
IMPS Available, Transaction charges applicable
CMS Available, Charges  are applicable
SMS alerts Free
 
Trade Charges
Remittances
Inward Remittances* Rs. 75 + GST
Non Trade Outward Remittances* Rs. 75 + GST
FIRC Issuances Rs. 75 + GST
Exports 
Export Bills for Collection & under LC* Rs. 75 + GST
Advance Export Bills* Rs. 75 + GST
Export LC Advising Rs. 75 + GST
BRC Issuances for all Export transactions Free
Imports 
Advance Payments for Imports* Rs. 75 + GST
Direct Import Bills* Rs. 75 + GST
Import Bills for Collection* Rs. 75 + GST
Miscellaneous Charges 
Swift Charges Rs. 500 + GST
Courier Charges Actuals
Registered Post Charges Actuals
Penalty Charges for Non-maintenance of QTP No Penal charges
Penalty Charges for Non maintenance of QAB Rs.1500 per quarter and applicable service tax.
Commission in lieu of exchange 0.125% subject to a minimum of Rs. 100 + GST