Current Accounts - An Essential business need

To cater the need of every business, LUB has come up with Current Account scheme. You attent to your customer, leave all your banking need on us. Business is future & LUB current accounts act as an partner to help you to fulfill all your banking needs.

Features & Benefits:

• Account can be opened with minimum balance of Rs.2000/-
• Free personalized cheque book
• Free ATM card accessible at all over India with withdrawal limit of Rs.20000/-
• Any Branch Banking facility at all branches of bank by Cheque up to 20000/-
• Track your account by SMS alert,e-statement.
• No limit on deposit and withdrawals
• RTGS/NEFT/PO facilities* (waiver of RTGS/NEFT charges on maintaince of quarterly balance of RS.50000/-)
• Standing Instruction/ECS mandate to your RD, Loan accounts
• Collection of outstation Cheque
• Non maintenance of account will be charged as per Bank policy.

Eligibility:

Any Resident Indian carrying Business or Profession

Documents required:

• Proof of Identity
• Address proof
• Certificate/License of Business
• Board Resolution (wherever applicable)
• Memorandum and Articles of association
• Legal name proof & legal address proof
• Visit to nearest branch for more details.

Current Account

Rate of Interest – 0%

Key Features & Business Benefits :

• Low Entry Threshold: Open your business account with a highly accessible minimum balance requirement of Rs. 3,000/-.
• Free Cheque Book: Get personalized corporate cheque books at zero cost for seamless business authentication.
• Nationwide ATM Access: Complimentary ATM card accepted across India with a daily withdrawal limit of Rs. 50,000/-.
• Any Branch Banking (ABB): Transact comfortably across all operational bank branches.
• Digital Account Tracking: Monitor your business cashflows instantly via regular SMS transaction alerts and detailed e-statements sent to your mail.
• Best For High Volume Transaction

Documents Required :

• Aadhaar Card
• PAN Card
• Recent Passport Size Photographs
• Shop Act License
• Registration Certificate
• Partnership Deed
• Trust Deed
• Memorandum of Association

Important Terms & Conditions :

• Non-Maintenance Charges: Failing to maintain the minimum threshold balance will attract Charges for non-maintenance of average quarterly balance (AQB) of Rs.354/-
• Closure of Current Account Charges:

  a.	within 6 months	Rs.590/-
  b.	within 1 year	Rs.354/-

• Account Maintenance Charges: Rs 118/-