TASC Prime Savings

Overview

LVB Prime TASC Savings Account offers an enhanced transaction features to access your account which includes higher transaction limits.

Free access to your account in your finger tips on our Mobile and internet banking.

Salient Features

  • Unlimited Cash deposit/Withdrawal at home branch
  • Free DDs upto INR 50 Lakhs 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 Prime TASC Savings Account

1

Average Quarterly  Balance Rs. 1 lakh or TRV Rs.10 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. 15 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. 50 lakhs per month, or 25 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 Free

8

Cash Management Services Available at cost

9

Net banking Free

10

SMS alert Available at cost

11

Cheque Book Up to 5 cheque books of 25 leaves each free per month. Thereafter, charged at Rs. 2/- per cheque leaf.

12

Stop Payment Free up to 10 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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