Saanvi

Overview

An exclusive saving account tailored to meet banking & lifestyle needs of women of today. Unlimited banking services from 1048 LVB ATMs. RuPay Platinum International Card with Complimentary Lounge Program and Cash back on Utility Bill Payments and comprehensive Insurance cover up to 4 lakhs

Salient Features

  • Enjoy unlimited banking services from 1048 ATM across the country
  • Platinum International debit card with Rs 2 lakhs Personal Accident Insurance cover* & Rs 2 lakhs Permanent Total disability cover*
  • Additional Personal Accident Insurance cover* of Rs 2 lakhs
  • Permanent total disability cover* of Rs 2 lakhs
  • Hospitalization expenses due to accident to the tune of Rs 10,000/-
  • Free Cheque book
  • Free E-mail statement
  • Free Internet banking
  • Free DD/PO up to 1 Lakh
  • 50% Discount on private car insurance taken from Future Generali India Insurance Company (subject to make, model, Terms & Conditions)
  • 20% Discount on Two-wheeler insurance taken from Future Generali India Insurance Company (subject to make, model, Terms & Conditions)

Note:

  • **Free for first year
  • *Applicable for primary account holder only. Terms and conditions apply."

Eligibility

  • Only Women of 18yrs & above
  • Singly or jointly with women
  • For joint account holder there is no age limit

Documentation

  • KYC Documentation as per bank and regulatory guidelines

Interest Rates & Charges

Sr.No Features Saanvi Savings Account

1

Eligibility

Only Women of 18yrs & above. Singly or jointly with women. For joint account holder there is no age limit.

2

Average Quarterly Balance

Metro- INR 5,000/-

Urban- INR 5,000/-

Semi-Urban- INR 3,000/-

Rural- INR 3,000/-

3

Multi-city Cheque Book

Free 25 leaves cheque book. Subsequently INR 50/- plus taxes per 25 leaves cheque book.

4

Cash Deposit:

At Base Branch

Free

At Non Base Branch

Free up to INR 25,000 per day. Thereafter Re 1/1000

5

Cash withdrawal:

At Base Branch

Free

At Non-Base Branch

Only self-withdrawals, subject to overall per day limit of INR 1 lakh

6

Cash handling charges

Free

7

Statement of Account

Free, sent once a quarter through e-mail to the registered e-mail id of the customer.

8

Debit Card

RUPAY PLATINUM INTERNATIONAL Debit Card. Free for first Year. INR 100/- plus taxes per annum will be levied from the second year onwards.

9

Internet  Banking

Free

10

Mobile Banking, IMPS

Value Band

IMPS Charges

 

HANDYPAY, (Charges as per circular instructions.)

 

Up to INR 10,000/-

INR 5/- plus taxes

Above INR 10,000/- to INR 1 lakh

Above INR 1 Lakh to INR 2 Lakhs

INR 15/- plus taxes

Above INR 2 Lakhs

NA

11

Funds Transfers (within LVB)

Free

12

Inward Clearing Charges:

At Base Branch

Free

At Non Base Branch

Free

13

Collection of Outstation Cheques:

(i) Drawn on LVB Centre At Base/Non Base Branch

Free

(ii) Drawn on Non LVB Centre Collection charges for Outstation cheques (OCC – Outward Cheque for Collection)

Up to INR 10,000/- : INR 50 plus taxes

INR 10,001/- to < INR 1,00,000/-: INR 100 plus taxes

INR 1,00,000 & Above: INR 150 plus taxes

14

Clearing Cheque Return Charges (Local):

Inward Clearing Cheques

INR 100/- plus taxes per instrument

Outward Clearing Cheques

Free

Return of outstation cheques given at base as well as non-base branches

INR 50/- plus taxes per instrument

15

Charges for non-maintenance of minimum balance

INR 200/- plus taxes per quarter, charged proportionately to the amount of shortfall.

16

DD/PO Charges

Free up to INR 1 lakh per day.

Above that Rs 2 per Rs 1000/-,
subject to a minimum of INR. 25/- plus taxes

17

RTGS/NEFT Charges

Free up to INR 3 lakhs per month. Thereafter
charges as per circular instructions

18

Special Feature-Insurance Coverage Facility

Age limit -18-65 Years
(above 65 years Insurance cover is not applicable).

I) Personal Accident Insurance Cover of INR 2 lakh (death  risk)

II) Permanent Total Disability cover of INR 2 lakhs

III) Hospitalization expenses due to accident to the tune of INR 10,000/-

Apart from the above, INR 2 lakhs Personal Accident Insurance and INR 2 lakhs Permanent Total disability cover is available to customer through the RUPAY Platinum International Debit Card.

Note: Applicable for primary account holder only. Terms and conditions apply.

19

SMS Alert

Available at a cost of Rs 0.50 per SMS

20

Preferential rates for motor insurance

Discount up to 50% for private cars depending on make and model, and up to 20% for two wheelers. Subject to insurance taken from Future Generali India Insurance Company Ltd.(OR) our Bancassurance partners. Terms and conditions apply.

21

Transaction in LVB ATMs

Unlimited Free

22

Transaction in Non-LVB ATMs:

Metro ATMs

3  Free transactions per month

Non-Metro ATMs

5 Free transactions per month

Charges for transaction beyond free limits(for Metro and Non-metro ATMs)

Financial transactions  - INR 15 plus taxes

Non-financial transactions - INR 5 plus taxes

23

Daily ATM Cash withdrawal limits

INR 50,000 at LVB ATMs

24

Daily POS Transaction limits

INR 1 lakh

25

Daily e-commerce Transaction limits

Default limit of INR 10,000,
can be enhanced to INR 1 lakh per day

26

Daily net banking transaction limits

i. Own account Transfer - INR 5 lakh  per day

ii. From LVB account to 3rd party
account in LVB - INR 5 lakh per day

iii. Funds Transfer Through NEFT /RTGS- INR 5 lakh per day

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