TASC Current Account

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Overview

LVB TASC Current Account offers convenient banking for anytime, anywhere access with comparatively lowest monthly average balance requirement.

An exclusive account offered only to Trusts, Associations, Societies, and Clubs.

Salient Features

  • Unlimited Cash deposit/Withdrawal at home branch
  • Free DDs upto INR 10 Lakh per month
  • Free standing instruction within LVB accounts
  • Free monthly e-mail statement
  • Lowest average quarterly balance of INR 10,000/-

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 TASC Current Account

1

 Average Quarterly  Balance Rs. 10,000/- 

2

 Cash Remittance
a. at base branch Free
b. at Non base branch Free up to 12 times of MAB.
Between 12x MAB to Rs. 5 lakhs p.m. charged at Rs. 1.50
per Rs. 1,000/-
Above Rs. 5 lakhs p.m. charged at Rs. 3/- 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. 10 lakhs per month, or 10 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. 250/- per quarter

7

 RTGS/NEFT Charges As per tariff

8

 Cash Management Services Available at cost

9

 Net banking As per tariff

10

 SMS alert Available at cost

11

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

12

 Stop Payment Free up to 5 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 Card Rates

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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