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Western Union Money Transfer:
Western Union Money Transfer provides you an option to receive the money worldwide. The Receiver/Beneficiary/customer can then go to any of our branches offering western Union Money Transfer Service, fill out a simple "To Receive Money” Form and show proper photo identification. Once this information is verified and found to be satisfactory, the Branch will pay the Money.
INTERNET BANKING
Internet Banking (iNet) allows NRI customers to view their transaction details happened in his/her account. This is yet another milestone activity of the bank, after achieving the status of 100% Core Banking System. This is a cost effective delivery channel to all customers of the bank.
SMS BANKING
Lakshmi Vilas Bank brings banking to your mobile phone. Use your mobile phone to inquire your latest account balance via SMS any customer holding a Savings or Current account with us is eligible.
Distribution of Financial Products:
Life insurance segment – AVIVA Life Insurance
Bank has entered into a Memorandum of Understanding with M/S Aviva Life Insurance Company Ltd to market their life insurance policies through our branches. During the financial year 2008-09 bank has received 2014 number of fresh policies with a total first year premium collection of Rs.447.22 Lacs. Further the bank also renewed 16466 number of policies during the year with a premium collection of Rs.819.60 lacs
General Insurance Segment - Bajaj Alliance
Bank has entered into a Memorandum of Understanding with M/S Bajaj Allianz General Insurance Company Ltd to market their General Insurance policies through the branches. During the financial year 2008-09 bank has received 9852 number of proposals with a total first year premium collection of Rs.271.22 lacs.
Mutual funds:
The bank has entered into an MOU with 10 number of companies to sell/market the mutual fund products through our branches of bank. Namely Franklin Templeton, SBI MF,HDFC,Kotak,UTI,Sundaram MF,TATA MF,Prudential ICICI, Chola MF as a corporate distributor.
AND MANY OTHER ATTRACTIVE SERVICES
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