Titanium Savings

Overview

Lakshmi Vilas Bank’s Titanium Savings Account offers an exciting and innovative range of accounting features and transaction benefits.

Account holders can avail complimentary personal accident insurance and gain from exclusive offers on safe deposit locker facilities.

Salient Features

  • Free cash deposit at base branch
  • Free unlimited Demand Draft issuance
  • Locker facility with 25% discount on annual rental.
  • Free Internet banking, NEFT/RTGS facility
  • Free Demat Account opening
  • Free personal accidental cover of INR 5 Lakh.

Eligibility

  • Individual (Age between 18 years to 70 years) / HUF.

Documentation

  • Customer will have to submit KYC documents for savings account and a specific declaration for availing Personal accidental insurance Cover.

Interest Rates & Charges

Sr.No Features Particulars 

1

Average Monthly Minimum Balance (AMMB)

Rs.1,00,000/-

2

Cash Remittance

a. at base branch

Free 
(10 sections per day will be free and Rs.5 per section will be charged thereafter) - To be collected manually at the time of remittance

b. at non-base branch

Free upto Rs.1. lakh per day and  
Rs.1/1000 will be levied automatically thereafter
(Cash handling charges will be levied – (10 sections per day will be free and Rs.5 per section will be charged thereafter)
 - To be collected manually at the time of remittance

3

Cash Withdrawal 

a. at base branch

Free

b. at non-base branch

Free self-withdrawals upto Rs.1,00,000/- per day and Rs. 1/1000 with a minimum of Rs.20/- per transaction thereafter - will be levied
automatically

4

Outstation Clearing Charges

Rs.50/- per instrument
 

5

Clearing return Charges

Inward Clearing Return Charges - Rs.100/- per instrument
Outward Clearing Return Charges -  Rs.50/- per instrument

6

DD/PO Charges

Free

7

RTGS/NEFT Charges

Free

8

Debit Card

Free Visa Gold Card- Will be free for the first year and a nominal charge of Rs.100/- will be levied from the 2nd year as annual fee

9

Locker

Discount of 25% on annual fee for safe deposit lockers

10

Net Banking

Free

11

SMS Alert

Free

12

Cheque Book 

Free Cheque Book of 50 leaves per calendar quarter

13

Stop Payment

Free

14

Standing Instructions

Free

15

Statement of Account

Monthly Free Statement on Registered Email

16

Demat Facility

Free Demat Account with no AMC for the first year. Normal brokerage and other charges will apply.

17

Online banking

24x7 online transaction facility

18

Account closing charges

An amount of Rs.500/- will be levied as a/c closure charges on the account being closed within 6 months. No charges will be levied in the unfortunate event of demise of customer or in case of a/c closure after 6 months.  

19

Personal Accident Insurance Cover (Death risk)

Free Personal Accident Insurance Cover (Death
Risk) of Rs.5 Lakh for account holders between the age group of 18-70 years which is renewable every year. This facility can be availed by first person only.