Premium TASC Current Account

Overview

LVB Premium TASC Current Account is premium account offered to the NGOs, Trust and Associations to manage their collection and payments.

Innovative banking solutions combined with premium banking services. High interest rate offered on the balances maintained in the savings bank account.

Salient Features

  • Unlimited Cash deposit/Withdrawal at home branch
  • Free DDs upto INR 1 crore per month
  • Free RTGS/NEFT transactions
  • Free standing instruction within and outside LVB
  • Free monthly e-mail statement
  • Nil processing fee on Commercial vehicle loans

Eligibility

  • Savings or Current Account for entities and non-profit organizations registered as trusts, Associations, Societies, Clubs, etc.

Documentation

  • All extant KYC guidelines applicable to opening Saving/Current Account applicable to Trusts, Associations, societies and Clubs shall be adhered to.

Interest Rates & Charges

Sr.No Particulars LVB Premium TASC Current Account

1

Average Quarterly  Balance Rs. 5 lakhs or TRV Rs.25 lakhs including Term & Recurring deposits in the name of the entity

2

Cash Remittance
a. at base branch Free
b. at Non base branch Free up to Rs. 25 lakhs p.m.
Thereafter, charged at Rs.1.50 per Rs. 1,000/- subject to a minimum of Rs. 50/- per transaction

3

Cash Withdrawal
a. at base branch FREE - No Limit
b. at Non base branch Free up to Rs. 1 lakh per day. Thereafter, charged at Rs. 2/- per Rs. 1,000/- subject to a minimum of Rs. 50/- per transaction.
Outstation clearing Charges Rs. 50/- per instrument

4

Clearing Cheque Return Charges
a. Inward  Clearing Cheques Rs. 50/- per instrument
b. Outward Clearing Cheques Rs. 50/- per instrument

5

DD/PO Charges Free up to Rs. 1 crore per month, or 50 DD's, whichever is higher. Thereafter, charged at Re. 1/- per Rs. 1,000/- subject to a minimum of Rs.25/- per transaction.

6

Charges for non-maintenance of minimum balance Rs. 500/- per quarter

7

RTGS/NEFT Charges Free

8

Cash Management Services Available at cost

9

Net banking Free

10

SMS alert Available at cost

11

Cheque Book Up to 10 cheque books of 25 leaves each free per month. Thereafter, charged at Rs. 2/- per cheque leaf.

12

Stop Payment Free up to 25 instruments. Flat fee of Rs. 100/- per month will be charged thereafter.

13

Standing instruction Free

14

Statement of Account Free email statement (monthly)

15

Commercial Vehicle Loans Nil Processing Fees

16

Salary Accounts for employees Available as per existing Salary account product features

17

Payment Gateway Service Available, subject to eligibility of entity

 

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