Premium Salary

Overview

Lakshmi Premium Salary Account offers an enhanced transaction features to access your salary which includes higher transaction limits.

This account comes with a Free Rupay Platinum International Debit Card and has the daily withdrawal limit of INR 50,000/- per day.

Exclusive offers on Safe deposit Lockers and customization on Retail Loans.

Salient Features

  • Unlimited Access to LVB ATMs & other bank ATMs
  • Three Zero Balance Family Savings Account
  • Free Personal Accidental insurance cover of 4 Lakh
  • Free Demat Account opening.
  • 2 Free Airport lounge facility for every calendar quarter.
  • Upto 25% waiver on Safe Deposit Locker Rental
  • Free IMPS transactions.

Eligibility

  • Minimum no. of 10 Employees
  • Minimum average salary upload per Corporate per month - INR 2,50,000/- to INR 10,00,000/-
  • Minimum average salary per employee per month - INR 25,000/- to INR 1,00,000/-

Documentation

  • Necessary KYC documents (as per KYC policy of the bank applicable for individual savings accounts) have to be submitted.
  • In addition to the above documents, the attached introduction letter (Annexure VI) signed by the authorized signatory (Introducer) has to be submitted.

Interest Rates & Charges

Sr.No Particulars Lakshmi Premium Salary SB Account
1 Cash Remittance
a. At base branch Free up to Rs 2,00,000/- or 5 transactions per month whichever is lower, thereafter charged at Rs 2 per Rs 1,000/- subject to a minimum of Rs 50/- per transaction
b. At Non-base branch
2 Cash Withdrawal (Only Self-Withdrawals)
a. at base branch Free
b. at Non-base branch
Outstation Clearing Charges Rs 50/- per instrument
3 Clearing Cheque Return Charges
a. Inward Clearing Cheques Rs 100/- per instrument
b. Outward Clearing Cheques Rs 50/- per instrument
4 DD/PO Charges Free uptoINR 4,00,000/- per month, thereafter Rs 2/- per Rs 1,000/-
5 Non-maintenance Charge Nil
6 NEFT Charges
Base/Non-Base Branch 
  1. Upto Rs 10,000 – Rs 2.50 per transaction
  2. Amount above Rs 10,001 and up to Rs 1,00,000 – Rs 5/- per transaction
  3. Above Rs 1 Lakh to Rs 2 Lakhs – Rs 15/- per transaction
  4. Above Rs 2 Lakhs - Rs 25/- per transaction
Mobile Banking
Net banking Free
7 RTGS Charges
Base/Non-Base Branch Rs 2 Lakhs to Rs 5 Lakhs – Rs 25/- per Transaction
Above Rs 5 Lakhs – Rs 50/- per transaction
Internet/ Mobile Banking
8 Internet banking Facility Free
9 IMPS Free
10 SMS alert Free
11 Cheque Book Free Cheque book of 25 leaves per calendar quarter thereafter Rs 2/- per leaf, Rs 50/- per cheque book
12 Stop Payment Free
13 Standing instruction Free
14 Statement of Account Free Monthly Email Statement
15 Debit Card
a. Debit Card Type Free Rupay Platinum International Debit Card.
Visa Classic Debit Card on request, Charges applicable
b. Cash Withdrawal Limit per Day INR 50,000/-
c. POS Limit per day INR 50,000/-
d. E-Commerce per Day INR 1,00,000/-
16 Add on Accounts 3 Family Savings Account*
17 Locker Facility 25% waiver on Locker rent, subject to availability.
18 No. of ATM Withdrawal/Month
LVB & Non- LVB ATMs Free
19 Personal Accident Insurance Free Personal Accident Insurance Cover (Death Risk) ofRs2 lakhs (renewable every year) age
between 18 to 70 years &
INR  2 lakhs as part of RUPAY Insurance program
20 Customised Retail Loans Available
21 Demat Account opening Free (Transactions are chargeable as per the schedule)
*Family Savings Account with zero maintenance charges. Family savings account will be opened with an initial payment cheque of Rs 3,000/-
^PAN is mandatory for any deposit above INR 50,000/- in these accounts.
Note: All charges mentioned in the product features are excluding GST
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