Senior Citizen

Overview

Exclusive saving bank account designed for senior citizens. This account offers International Debit Card with unlimited free Transactions in LVB ATMs, unlimited cash deposit/withdrawals by self at base branch. Free Internet Banking & Fund Transfers (Within LVB)

Salient Features

  • Unlimited Free Transactions in LVB ATMs
  • International Debit Card Free for first year
  • Unlimited Cash deposit/withdrawals by self at base branch
  • Free Internet Banking
  • Free Fund Transfers(Within LVB)
  • Doorstep Banking

Eligibility

  • Aged between 58 to 80

Documentation

  • KYC Documentation as per bank and regulatory guidelines

Interest Rates & Charges

Sr.No Products Senior Citizen

1

ELIGIBILITY

Individual. Age (58-80 Yrs)

2

AQB

M-3000/-,U-3000/-S-2000/-R-500/-

3

Cash Deposit

At Base Branch

Unlimited

At Non Base Branch

Free upto Rs.5000/- perday,Rs.1/1000 after free limit

4

Cash Withdrawal

At Base Branch

Unlimited

At Non Base Branch

50000/-

5

Clearing Cheque Returns

Inward Clearing cheques

Rs.150/- per instrument

Outward Clearing Cheques

Rs.50/- per instrument

6

Return of Outstation Cheques

An Base/ Non-Base Branch

Rs 50 /-

7

DD/PO charges

8

Charges for non-maintenance of minimum Balance

Category Required AQB Shortfallslab % of the shartfall
Rural Rs 500.00

Upto Rs 250.00

Above RS 250.00

10%

15%

Semi Urban  Rs 2,000.00

Upto Rs 1000.00

Above Rs 1000.00

10%

15%

Urban and
Metro
Rs 3,000.00

Upto Rs 1500.00

Above Rs 1500.00

10%

15%

 

9

RTGS/NEFT

Deposit amount upto Rs.1 lac - Rs.50/-
Deposit amount above Rs.1 lac to Rs.10 lacs  - Rs.100/-
Deposit amount above Rs.10 lacs  -Rs.150/-

10

Cheque Books

Rs.1 per leaf with service charge

11

SMS Alert Charges

Available at cost

12

Pass Book

Duplicate passbook - Rs.75,Additional page -Rs.40/-

13

Closure of a/cs (for A/c which are closed after 14 days and within 6 months from the date of opening)

Rural -100/- Non- Rural-150/-

14

Stop payment Instruction

Rs.50/- per cheque Rs.150/- series  of cheque

15

Standing Instruction

Charges for Standing Instructions within the bank free.
FOR OUTSIDE BANK
Deposit amount upto Rs.1 lac - Rs.50/-
Deposit amount above Rs.1 lac to Rs.10 lacs  - Rs.100/-
Deposit amount above Rs.10 lacs  -Rs.150/-

16

Collection of inward/outward cheques (out station)

Values Service Charges
Up to and including 5,000 Rs.25
Above 5,000 and up to and
including 10,000
Rs.50
Above 10,000 and up to and
including 1,00,000
Rs.100
Above 1,00,000 Rs.200

17

Collection of inward/ outward bills

UP to Rs,1000/- Rs.25/-
Rs.1001-5000/- Rs.50/-
Rs.5001-10000/- Rs.70/-
Rs.10001-50000/- Rs.80/-
Rs.50001 and above
(Per Rs. 1000/-)
Rs.7/- per Rs.1000

18

Remittance by Demand Draft/Pay Order

Up toRs.1000   Rs.15/-
Rs.1001-5000 Rs.20/-
Rs.5001-10000 Rs.25/
Rs.10001 and above Rs.2.25/- per Rs.1000

19

LVB-ATM withdrawals

Unlimited

20

Non-LVB ATM withdrawals

5 Per Month

21

Debit Card

1st year free, second year onwards nominal  charges applicable