Deposits

Rules for opening ::  Savings Bank   ::  Fixed Deposit    ::  Recurring Deposit
SAVINGS BANK
LVB Savings Bank is intended to promote the healthy habit of saving and for the steady growth of one's money in the bank. LVB recognizes that Savings Bank customers are the pulse of all banking activity and that a satisfied customer at the SB counter is the best advertisement to the bank. Savings Bank is the landing ground for all deposits and its customers are the opinion leaders. Hence LVB attaches a lot of importance to the efficient functioning of the savings department. .....  Know more..
No-Frills
"No-Frills SB ACCOUNT", is available primarily to low income group people of the society, downtrodden men and women, students, senior citizens, weaker sections of the society, financially and economically backward people, who are mainly residing in rural and semi urban centers of our country. The main idea behind the NO-FRILLS SB ACCOUNT is to reach out a sizable section of the population, who have been deterred and discouraged in availing Banking services for one reason or the other.
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Financial Inclusion
Implementation of Financial Inclusion by extending Banking Services through Business Correspondent (BCs) & Business Facilitators (BFs) ....
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Lakshmi Savings Gold
LLakshmi Savings Gold account offers special privileges to our customers who maintain an Average Monthly Minimum Balance of Rs. 10,000/- and above....
No limit for cash withdrawals at the base Branch (branch where account is opened) Rs. 50,000 withdrawal per day at other branches (Self withdrawal only) No collection charges for Outstation cheques drawn on LVB Center Charges as per existing rules for collection of Outstation cheques drawn on non LVB centre. For Inward Clearing, charges at Rs. 100 per cheque in case of cheque returned due to Insufficient Funds For Outward Clearing, charges at Rs. 25 per instrument for Outward Clearing cheques returned No charges for Demand Draft/ Pay Order up to any amount Charges for Collection of Outstation Cheques returned given at base and non-base branches as per existing rules Free Cash Remittance at base branch
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Lakshmi Savings Star Gold/th>
Lakshmi Savings Gold account offers special privileges to our customers who maintain an Average Monthly Minimum Balance of Rs. 20,000/- and above.... .
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Lakshmi Savings Balance Free
A savings account exclusively for Children / youth......
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Lakshmi Savings Youth Power
Borrowers may utilize the loan facility to meet their personal expenditure requirements for investments or for general corporate purposes. ........
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CURRENT ACCOUNT
We have wide range of products from vanilla to accounts bundled with many attractive features catering to the requirements of small business to corporate
Lakshmi Current Flexi Account  .... Know more
FIXED DEPOSITS
Suitable for planned expenditure or savings. Interest will be paid on Monthly, Quartely basis.....
Flexi Deposit
A fixed deposit with a maturity tenor of 91 to 300 days attracting 10% p.a. Minimum deposit Rs.15.00 lacs & above and in multiples of Rs.1.00 lac and thereafter. Know more..
Dhanachakra Deposit
Automatic compounding of accrued interest which yields higher returns, making your investments grow faster.......
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Lakshmi Lakhpathy Recurring Deposit(LLRD)
Deposit type: Recurring deposit with additional benefit of General insurance cover of Rs. 1.20 Lacs on specified items. .......
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Lakshmi Tax Saver Deposit
It is not only the best way to save taxes but also the only way to get highest rates on deposits 9.50% (senior citizen 9.75%p.a) ........
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Recurring Deposits
Save in dribbles - receive a lump sum.” Suitable for Tax planning, Annual payment commitments like Insurance premium, long-term requirements like purchase of consumer articles/ durables, house construction, children's education ......
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Lakshmi Freedom Deposit(LFD)
The scheme has several unique features, which are customer friendly and an attractive form of investment. ........
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