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LVB Money Transfer

All customers of LVB can use their online fund transfer service. The online LVB transfer money service helps customers of the bank to transfer money from their account to anyone in India. LVB fund transfer service works on mobile phones so that you can easily transfer money from your account to beneficiary’s account in real-time.


Online LVB transfer money service saves you a lot of time as you don’t have to write a cheque and money can be transferred online. As the entire transfer process works online, you don’t have to submit cheque to beneficiary and they will receive credit in their bank account in real-time. Using LVB fund transfer service is extremely simple. Just download our app and register your LVB accounts. After that you can generate a secure banking PIN and use it to transfer funds to anyone in India from your Lakshmi Vilas Bank accounts.


Online fund transfer service by LVB also lets you transfer funds without adding beneficiaries so that you save time and can transfer money as and when required. All transactions performed via our app are 100% safe and secure. LVB will send you an SMS as soon as the transaction is processed. Similarly, the beneficiary will receive an SMS from their bank confirming the credit.


LVB transfer money service features:
  1. Real-time fund transfer from LVB account online
  2. Without adding beneficiary transfer funds
  3. Own account fund transfer for transferring money between your own LVB accounts
  4. Own account fund transfer across banks supported so you can transfer funds from your LVB account to account held with any other bank in India
  5. Use fund transfer service 24x7, 365 days a year
  6. Online transfer money facility can be used even on all Saturdays, Sundays, bank holidays and public holidays
  7. You can transfer money to any bank in India
  8. Transfer upto Rs. 1,00,000 per day from your account. This is the maximum limit as set by your bank
  9. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by Lakshmi Vilas Bank
  10. No charges for using online LVB money transfer service
  11. Bank will send an SMS as soon as funds are transferred
  12. Beneficiary will also receive an SMS from their bank, confirming the fund transfer
  13. For transferring funds in real-time from your Lakshmi Vilas Bank account to beneficiary’s account, BHIM UPI is used

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How to transfer money from LVB account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your LVB account
  3. Please choose LVB for bank account registration
  4. All your LVB accounts will be registered and activated for mobile banking
  5. Generate Lakshmi Vilas Bank banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be transferred from your LVB account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Lakshmi Vilas Bank about the transaction. Recipient will also receive an SMS from their bank

From your LVB account, transferring money online to anyone’s account in India is a very simple and quick process and you can use the fund transfer service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Online Money Transfer Service Features


Real-time fund transfer from your bank account to anyone in India

Online fund transfer service from LVB enables you to transfer money from your account to anyone in India. Recipient can have a bank account with any bank in India and yet money can be transferred in real-time.

Transfer money without adding beneficiary

Using LVB transfer money facility you can do fund transfer without adding beneficiary. After downloading and registering for our app, you can immediately transfer funds to beneficiary by specifying their bank account number and IFSC code.

Transfer money to Self account

Online fund transfer facility also allows you to transfer funds between Self accounts. If you have multiple accounts with Lakshmi Vilas Bank then you can do fund transfer between your accounts. In fact if you have accounts with other banks then also you can do a Self account transfer from your LVB account.

Transfer money to BHIM UPI ID

Online money transfer service by LVB also enables funds transfers to beneficiary’s BHIM UPI ID so that you don’t have to request for their bank account number & IFSC code and can instead do fund transfer directly on their BHIM UPI ID. Like other modes of transfer, BHIM UPI transfer via bank account works in real-time and money is credited in beneficiary’s bank account in real-time.

Transfer money to mobile number

Another big advantage of Lakshmi Vilas Bank fund transfer service is the ability to transfer money to a mobile number. This helps you easily transfer money to friends and family without requesting for their bank account number or BHIM UPI ID.

High transaction limit

As per the bank’s online money transfer policy, you can make upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000.

No charges for online money transfer service

Online fund transfer service is offered by LVB free of cost to its customers so that they can seamlessly transfer money as and when required. Like NEFT / RTGS / IMPS, there are no charges for transferring funds via BHIM UPI using our app.

24x7 service

Money transfer service works 24x7 so that you can transfer money to beneficiaries in real-time as and when required. This service also works at night, on weekends and on bank & public holidays so that you can transfer money from your Lakshmi Vilas Bank account easily.

Online Transfer Money service benefits


Time saving: You can save a lot of time by using online LVB transfer money service instead of visiting the branch or ATM or writing a cheque. You can use it to transfer money to beneficiary in real-time.

Easy access: Money transfer service is available online 24x7, 365 days a year so you can use it whenever required.

Cost saving: LVB provides online fund transfer service to its customers free of cost hence there are no charges for transactions you perform.

Security: All Lakshmi Vilas Bank mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: You can not only use Lakshmi Vilas Bank money transfer service to transfer money to beneficiary, but also to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

LVB Online Money Transfer security

LVB Online Money Transfer is fully secured in the following ways:

  1. LVB UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. For using BHIM services, you have to create a new UPI PIN using your debit card
  3. For performing any type of transaction you have to then use Lakshmi Vilas Bank UPI PIN. No transaction will go through without this secure UPI PIN
  4. For additional security, you can also set up app password so that no one can even open the app without knowing your app password
  5. For enhanced safety, you can also create a PIN or pattern lock for your phone so that no one can open your mobile

Timing of LVB Online Transfer Money

  • UPI services are available on all days, including Saturday and Sunday
  • Advantage of LVB BHIM is that it can be used at night as well
  • As banking is extremely important in day to day life, you can use UPI facility even on bank holidays and public holidays
  • BHIM services can be availed throughout the year

Online Money Transfer Service Eligibility

For using LVB Online Transfer Money service you have to meet the following requirements

  • You must have a savings or current account with LVB
  • Your mobile number must be registered with your bank
  • You should be using either Android or iPhone mobile phone
  • You should be having an internet connection either via SIM card or WiFi

Online Transfer Money Service Limitations

Please keep in mind the following limitations of LVB online fund transfer service:

  • It will not work if your mobile number is not registered in LVB
  • Without Android or iPhone mobile phone, it will not work
  • Without internet connection, it will not work
  • One can only transfer upto Rs. 1,00,000 per day per bank account
  • One can transfer upto 10 times per day per bank account

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