Savings Gold

Overview

Lakshmi Savings Gold Account is a premium banking facility that comes with the power of smart banking services and attractive transaction benefits. We specialize in offering you the seamless experience of managing and operating your account on the go with our expansive Pan-India network of branches and ATMs. Account holders can avail the benefit and convenience of accessing their accounts from easy-to-use digital platforms on a 24*7 basis on our Mobile app and Internet Banking services.

Salient Features

  • Free cash deposit at base branch
  • Free unlimited DD issuance
  • Maintaining an average minimum balance of INR 10,000/- in the savings account
  • Free Internet banking and NEFT & RTGS facility
  • Free personal accidental cover of INR 1 Lac.

Eligibility

  • Eligibility for account application is the same for all savings account facilities of the bank.

Documentation

  • The customer has to submit the KYC documents required for savings account and specific declaration for Personal accidental insurance Cover.

Interest Rates & Charges

Sr.No Features Particulars

1

Average Monthly Minimum Balance(AMMB)

Rs.10,000

2

Cash Withdrawal

a. at base branch

No Limit

b. at Non base branch

Self-withdrawals of Rs.50,000/- on a daily basis. No third party withdrawals allowed.

3

Collection of Outstation Cheques

(i) Drawn on LVB Centre

 

a. at base branch

Free

b. at Non base branch

Free

(ii) On other non LVB centre

Levy of related service charges as per circular

4

Clearing Cheque Return Charges

a. Inward Clearing Cheques

Rs.100/-per cheque (for Insufficient fund) 

b. Outward Clearing Cheques

Rs.25/-per instrument

 

c. Collection of outstation cheques given at base as well as non-base
branches

Levy of related service charges as per circular

5

DD/PO Charges

Free upto any amount

6

Cash Remittance

a. at base branch

Free

b. at Non-base branch

No charges upto Rs. 25000/-per day and Re.1/- per 1000 thereafter

7

Charges for non-maintenance of minimum balance

 Rs.50 per month

8

RTGS/NEFT Charges

Free 

9

Instant Credit

Rs.20,000/- per occasion only at base branch. Collection of out of pocket charges if applicable.

10
         

Others
 
  

Free statement of account by e-mail on a monthly basis

Free CashTree ATM card

Cash Withdrawal at our ATM as well in cash Tree ATM 

Free Internet Banking 

Free SMS Alert (Push message)

Free issuance of Multicity Cheque Book

11

Personal Accident Insurance Cover (Death risk)

Rs.1.00 lac (Renewable every year) - for the first person – free.

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