| Sr.No |
Features |
LVB VYAPAAR |
|
1
|
Account Opening Fee |
An upfront fee of Rs. 1,000/- plus applicable
taxes to be collected at the time of account
opening. This may be collected as a cheque
or DD only by Sales team or by cash if
account is opened in Branch. This is applicable annually.
For the subsequent years, this will be debited
from the customer’s Vyapaar account at the beginning of every year.
For accounts maintaining an MAB of Rs.
5,000/- and above for all 12 months of a
year, this fee will be waived for the
subsequent year. |
|
2
|
Mobile POS (mPOS) terminal |
Installation fee of Rs 1,000/- plus taxes.
Monthly rental of Rs 350/- plus taxes per
month. |
|
3
|
MAB |
NIL, Zero Balance |
|
4
|
Cash Remittance |
| Free Limits at base branch |
Up to Rs 5,00,000/- per month |
Additional charges on incremental
deposits at base branch |
Rs 3/- per Rs 1000 subject to a minimum Rs
50/- per transaction |
| Free Limits at non-base branch |
NIL |
| Charges on cash deposits at non-base branch |
Rs 3/- per Rs 1000/- subject to a minimum Rs 50/- per transaction |
|
5
|
Cash Withdrawal |
| At base branch |
Free |
| At non-base branch |
Rs 50,000/- per day |
Charges on cash withdrawal at non base
branch beyond free limits |
Rs 2/- per Rs 1000/- subject to a minimum of
Rs 25/- per transaction |
|
6
|
Inward Clearing |
| At base branch/non-base branch |
Free |
|
7
|
Outward Clearing |
| At base branch/non-base branch |
Free |
|
8
|
Inward Clearing Cheque Return Charges |
| At base branch/non-base branch |
Rs 300/- plus taxes |
|
9
|
Collection Charges for Outstation
Cheques |
Rs 25/- plus taxes, plus out of pocket
expenses |
|
10
|
OBC/Outstation Clearing Cheque
return Charges |
Out of pocket expenses |
|
11
|
Outward cheque return charges |
Rs 25/- plus taxes per instrument |
|
12
|
DD/PO |
| Free Limit |
Rs 3 lakhs per month |
| Charges on additional usage |
Rs 2/- per 1000/- subject to a minimum of Rs
25/- per DD |
|
13
|
NEFT (NATIONAL ELECTRONIC FUNDS
TRANSFER) |
Up to Rs 10,000 - Rs 2.50 per transaction
Above 10001 and up to 1 Lakh – Charges of
Rs 5 per transaction
Above Rs 1 lakh to Rs 2 lakhs – Charges of Rs
15/- per transaction
Above Rs 2 lakhs – Charges of Rs 25 per
transaction |
|
14
|
RTGS (REAL TIME GROSS SETTLEMENT) |
| From Rs 2 lakhs to Rs 5 lakhs |
Rs 25/- per transaction |
| Rs 5 lakhs and above |
Rs 50/- per transaction |
|
15
|
Cheque Book Issuance |
1 cheque book of 25 cheque leaves free per
month. Rs 1.50 per leaf beyond free limit. No.
of cheque leaves per cheque book-25 |
|
16
|
Stop Payment |
Rs 100/- plus taxes per cheque |
|
17
|
Debit Card |
RUPAY Platinum International Debit card, free for the first year |
|
Rs 100/- plus taxes from the second year
onwards, or in case of reissue
|
|
18
|
No. of free ATM transactions per month |
| In LVB ATMs |
Unlimited free |
| In non-LVB ATMs |
Metro ATMs-3 transactions; non-metro-5 transactions |
|
19
|
Charges for transactions in non-LVB ATMs beyond free limits |
| Financial transactions |
Rs 15/- plus taxes |
| Non-financial transactions |
Rs 5/- plus taxes |
|
20
|
Statement of Account |
Free, monthly |
|
21
|
Folio Charges |
For MAB of up to Rs 5,000/- flat fee of Rs. 100/- plus taxes per month |
|
For MAB of Rs.5,000/- and above , Free
|
|
22
|
Net Banking Facility |
Free |
|
23
|
Transfer of funds between CBS
branches |
Free |
|
24
|
IMPS (Handy Pay) |
Chargeable as per schedule |
|
25
|
Non Maintenance of MAB Service
Charges |
NA, Zero Balance account |
|
26
|
Account Closing Charges |
If the account closed within 6 months
An amount of Rs 200/- plus taxes for Rural
branches Rs.400/- plus taxes for Metro, Urban, Semi urban branches. If the account is closed within 14 days. Customer may switch to other products within 14 days. If none of the other products suits his requirements, the customer can close without any charges. |