The Lakshmi Vilas bank was established in the year 1926 ad it is one of the fastest emerging banks in the country. It was established with the aim of helping agriculturist ad industrialist which are residing in the Karur area, but later it started serving other customers of the nation too. It has around 400 branches with 800 ATMs across the country.
The bank offers various types of banks and one of the common ones to save and grow money is Savings account. The bank offers various types of savings account with different minimum balance account too. So if you are planning to open a new account in the Lakshmi Vilas Bank then here are the details of minimum balance amount which is required to be maintained otherwise some charges are levied for the non-maintenance of it.
Types of Savings Account with Minimum balance and Charges are
=> Lakshmi Prime Account: In this type of account the average Quarterly minimum balance amount is Rs 1 Lakh. Non-minimum balance charges are Rs 250 per quarter.
=> Lakshmi Titanium: The minimum AMMB amount is Rs 1 Lakh.
=> Lakshmi Saving Gold: In this type of account, the account holder needs to maintain a quarterly balance of Rs 10,000.A charge of Rs 50 is levied in the case of no maintenance of minimum balance account.
=> Lakshmi Savings Star Gold: In this type of account ,the account holder needs to maintain a quarterly balance of Rs 20,000.Rs 100 is levied in the case of non-maintenance of the funds.
=> Savings Youth Power: Minimum amount to be maintained in the account is Rs 100.Rs 50 levied in the case of non-maintenance per month.
=> Mahila Power: This account is especially for Women and minimum quarterly amount to be maintained by metro women is Rs 5000 and Rs 3000 from rural women account holders.
Also chek how to register or activate LVB Net banking