Lakshmi Vilas Bank employee benefits 2024


Lakshmi Vilas Bank Employee Benefits 2024

Lakshmi Vilas Bank employee benefits – Wants to know what Lakshmi Vilas Bank employee benefits and perks you can get while working for Lakshmi Vilas Bank? or what are Lakshmi Vilas Bank employee reviews before starting a new job at the company? or anything else? then keep reading this article.

Here, in this article, I am going to share detailed information on Lakshmi Vilas Bank employee benefits with useful details on Lakshmi Vilas Bank employee benefits packages, Lakshmi Vilas Bank employee benefits login steps, Lakshmi Vilas Bank employee benefits site, and everything related to employee benefits at Lakshmi Vilas Bank.


Lakshmi Vilas Bank employee benefits

About Lakshmi Vilas Bank

Lakshmi Vilas Bank Ltd is a new generation Indian bank headquartered in Chennai, Tamil Nadu.

It was founded by seven businessmen under the leadership of Shri V.S.N. Ramalinga Chettiar in 1926 with an aim to provide financial services across the Karur.

Lakshmi Vilas Bank has 569 branches, 1,046 ATMs, and 7 extension counters.


Lakshmi Vilas Bank Account Benefits

  • Five Zero Balance Family Savings Account.
  • Unlimited Access to LVB ATMs & other bank ATMs.
  • Free Demat Account opening.
  • Free Personal Accidental Insurance cover of 5 Lakhs.
  • Up to 25% waiver on Safe Deposit Locker Rental.
  • No charges for collection on Local and Outstation Cheques.
  • Free RTGS, NEFT, and IMPS transactions.

What is the need for Lakshmi Vilas Bank Employee Benefits?

Apart from the salary the company offers handsome Lakshmi Vilas Bank employee benefits for its employees in order to attract and also to retain the best active and talented staff. These help the bank to improve its customer service and services and so the business. They do so to create a good work culture and the environment with supportive management to improve their business standards.

Lakshmi Vilas Bank employee benefits

So, let’s see what are different Indusind bank employee benefits packages, offered by the Lakshmi Vilas Bank you can enjoy while working with the bank.

What are employee benefits at Lakshmi Vilas Bank?

There are plenty of benefits while working with the Lakshmi Vilas Bank. Since the company provides equal access to its benefits and perks for part-time and full-time employees.

Check below various Lakshmi Vilas Bank employee benefits and facilities offered to an employee in the bank –

  • Salary Structure: City Compensatory Allowance, House Rent Allowance, Dearness Allowance, Special Allowance on the basic pay, and City Compensatory Allowance
  • Lease Facility: Eligible gets lease accommodation in their place of posting.
  • Contributory Provident Fund: Defined Contributory Provident Funds Scheme – Around Rs – contributes to PF.
  • Perquisites: Newspaper allowance, petrol allowance, house maintenance allowance, entertainment allowance, books and magazine allowance, reimbursement of telephone bills, briefcase allowance, etc.
  • Medical Benefits: Lakshmi Vilas Bank employees can enjoy a medical benefits scheme like 100% reimbursement for self-treatment and around 75% reimbursed of the total amount.
  • Home Travel Concession / Leave Fare Concession: Leave fare concession and leave travel concession for eligible. Reimbursement ofAC II-tier of trains fair.
  • Furniture Allowance:
  • Two-year sabbatical to women staff: Two-year sabbatical leave from work for purposes for women employees like children’s education.

Lakshmi Vilas Bank Perks

  • Provident Funds
  • Medical Facilities
  • Educational Assistance
  • Gratuity
  • Pension
  • Lease Accommodation
  • Pass & Privilege Ticket Orders
  • Travelling & Transfer Allowances
  • Newspaper Reimbustremnt

Lakshmi Vilas Bank employee benefits Summary

Lakshmi Vilas Bank employee benefits

LIFE Insurance, Health & Wellness

  • Health Care & Insurance
  • Life Insurance
  • Disability Insurance
  • Dental Insurance
  • Vision Insurance

Financial & Retirement

  • Pension Plan
  • Stock Options or Equity
  • Retirement Plan
  • Performance Bonus

Family & Parenting

  • Work From Home
  • Maternity & Paternity Leave
  • Childcare
  • Reduced or Flexible Hours
  • Unpaid Extended Leave

Vacation & Time Off

  • Vacation & Paid Time Off
  • Sick Leave
  • Bereavement Leave
  • Bad- Unregulated working hours

Perks & Benefits

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • Company Car

Professional Support

  • Diversity Program
  • Job Training & Tuition
  • Apprenticeship Program

Lakshmi Vilas Bank Customer Care

Phone Numbers

  • 8882441155 (Missed Call Services)
  • 080-46766300 (Bengaluru Office)
  • 022-40925000 (Mumbai Office)
  • 044-2220 5201 (Grievances)
  • 044-22205152 (Minority Cell)
  • 044-28140801 (Unclaimed Amount)


That’s all about Lakshmi Vilas Bank’s employee benefits packages and other useful details. Hopefully, this will be useful for you.

Do you have any questions or queries related to Lakshmi Vilas Bank employee benefits and perks? Drow them into below comment section.

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