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You are here ->Online Services -> RTGS

 


   REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)
 

 

Lakshmi Vilas Bank is proud to offer Real Time Gross Settlement System (RTGS) facility, which enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks. 

 


 Features and Benefits:

 

  • An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day.
  • Available for transaction value of Rs.1.00 Lakh and above.
  • LVB Customers can get new banking services based on reliable high value funds transfer system.
  • No courier/postal charges payable by customers.
  • Secured Transfer of funds across the Banks.
  • Funds transferred under RTGS will be credited to the beneficiary’s account within 2 hours.
  • RTGS facility is available in all the branches of our Bank.

 


 Information required for Transfer of funds:

 

  • Sender’s Account number
  • Sender’s Name
  • Amount of Transaction
  • Beneficiary Account number
  • Beneficiary Name
  • Beneficiary Bank Name
  • Beneficiary Branch Name
  • IFSC of the receiving branch. (IFSC is printed on cheque leaves or available in RBI Website.
  • Sender to receiver information, if any

 


 Transaction Limits:

 

 Charges:

 

  • Inward Remittance: No Charge
  • Outward Payments:
    ::Rs.1 Lakh to 5 Lakhs -Rs.25/- per transaction
    ::Rs.5 Lakh and above -Rs.50/- per transaction

 


 Transaction Hours:

 

  • The RTGS service for customer's transactions is available from 9.00 hours to 16.30 hours on week days(Monday-Friday) and from 9.00 hours to 1.30 noon on Saturdays .
  • RTGS system work on all days except on Sundays and common National Holidays across the states.
  • The request for RTGS will be accepted up to 15 minutes before the cut off timings at our Branches.

 

 Other Links:

 

Frequently Asked Questions


CHAIRMANs Speech

CHAIRMANs Speech at the 82nd Annual General Meeting on 28th August 2009

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Annual General Meeting

Notice is hereby given that the 83rd Annual General Meeting of the members of the Bank will be held at Registered Office on Wednesday, the 04th August, 2010 at 10.00 a.m.

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ATM Claim Format

Customers are requested to submit ATM Claims as per the format enclosed.

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Switching from Benchmark Prime Lending Rate to Base Rate

Base Rate of our Bank is 8.75 percent p.a with effect from 1st July 2010

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Audited Financial Results for the year ended 31st March, 2010

Audited Financial Results of our Bank for the year ended 31st March, 2010

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