LVB's funds transfer facility

Here is the beginning of my post. And here is the rest of it.Lakshmi Vilas Bank has gone live with National Electronic Funds Transfer transactions across its 156 CBS-enabled branches in the country. The facility is expected to enable LVB customers to transfer funds between banks in a quicker and more secure manner. The bank introduced the `Lakshmi Super Fast money' two months ago. The product facilitated real time gross settlement transfer of funds to the tune of Rs 1 lakh and above among banks, at a flat commission of Rs 50 per transaction. The bank has also introduced on pilot basis a flexible deposit scheme `Lakshmi Freedom Deposit' with sweep out - sweep in facility in select branches