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As you are aware, in November 2020, Lakshmi Vilas Bank was amalgamated with DBS Bank India Limited. The information given on this page and beyond is for all our customers, old and new, to know about the impact of this amalgamation on their banking requirements.
Please note that once the migration process is completed, Lakshmi Vilas Bank’s internet and mobile banking applications will no longer be accessible. The following are pre-requisites to link your LVB bank account on digibank by DBS internet banking or mobile banking app :
The moratorium imposed on LVB was lifted from 27 November 2020 and banking services were restored immediately with all branches, digital channels and ATMs functioning as usual. LVB customers can continue to access all banking services.
- Types of Savings Accounts by Lakshmi Vilas Bank
- Eligibility Criteria For Lakshmi Vilas Bank Savings Account
- Documentation Required For Lakshmi Vilas Bank Savings Account
Laxshmi Villas SB 301
1. You can open this account with a minimum deposit amount of Rs 500, along with the cheque book facility (for Rural & Semi Urban branches) or Rs 1000with cheque book facility (for urban & metro branches). 2. This account offers an interest rate of 5% per annum (for accounts with minimum balance of Rs 5 lakh and 6% for a minimum account balance above Rs 5 lakh) 3. Avail Pass Book facility with this account. 4. Avail standing instructions facility at a nominal charge. 5. Make unlimited number...
Lakshmi Prime
1. Withdraw cash, free of charge at any of the bank's base branch. At a non-base branch, withdraw up to Rs 1 lakh, free of charge. Thereafter, a charge of Rs 2 will be levied for every Rs 1000 withdrawn, with a maximum of Rs 50per transaction. 2. Carry out up to 25 NEFT or RTGS transactions each month. 3. Avail Door-step Banking at nominal charges. 4. Experience the convenience of net banking and SMS alerts to easily manage your funds and make payments. 5. Cheque book facility is available wi...
Basic Savings Bank Deposit Account
1. This account offers a slew of services like cash withdrawal / cash deposit at bank branches and ATMs, credit or receipt of funds via electronic payment channels, collection or deposit of cheques drawn by State or Central government departments or agencies. 2. You can make up to a maximum of 4 withdrawals in a month (from ATMs and branches). Beyond the free limit, standard service charges may be applicable. 3. With this account, you also have the choice of availing a RuPay ATM Card (for non...
SB 301 1. Can be opened by an individual in their own name. 2. Two or more persons, payable to any of them/survivor/survivors. 3. Two or more persons, payable to all of them jointly. 4. By a guardian on behalf of a minor. 5. A minor who has attained the age of 12 years can open this account. 6. Associations, clubs, local bodies, religious instituti...
SB 301 1. All those wishing to open this account must be introduced by an individual already holding an account with the bank. Preferably other savings bank or current account holders with the branch. 2. Most recent photograph of applicant. 3. Applicant must furnish proof of residence and identity via documents like their passport, driving license,...
Nov 30, 2020 · DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now.
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Dec 1, 2020 · Effective from 27 November 2020, Lakshmi Vilas Bank (LVB) has been amalgamated with DBS Bank India Limited (DBIL). The moratorium on LVB has been lifted and banking services are now back...
May 2, 2015 · Under Lakshmi Vilas Bank Ltd Internet Banking the bank offers around 238 CBS Branches in India. This is anytime and anywhere banking at its best. Lakshmi Vilas Bank Ltd Online Banking...
