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Money & Banking - Private Banks
LVB ties up with Cashtree

Karur, March 8

Karur-based Lakshmi Vilas Bank (LVB) has tied up with Cashtree network of ATMs — an ATM sharing consortium — in facilitating its customers access specific utilities in over 4,370 ATMs of the member-banks in the network, according to the LVB Managing Director, Mr V.S. Reddy. Though the Cashtree network charges Rs 10 per transaction, the LVB would absorb the cost for its customers.

Cashtree network group has a common Web site www.cashtreeonline.com and a toll free number (1800 425 1112) from where customers can get response. The LVB has migrated 99 per cent of its business under the CBS platform. With technology upgradation, the bank was offering to their clients and public a series of cost-effective services and attractive schemes, including electronic fund transfer, RTGS /NEFT and flexi-deposit scheme.

— Our Correspondent

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