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    Lakshmi Vilas Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5% - 8.2% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.4% - 7.7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Lakshmi Vilas Bank Fixed Deposit Rates is Rated as "Excellent!" by 10 Users

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    Promised Interest Rate

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    Fixed Deposit BYTES FROM OUR KITCHEN

    The Lakshmi Vilas Bank is a private sector company based out of Karur, Tamil Nadu. It is a scheduled commercial bank which was incorporated in 1926. The bank operates more than 400 branches and 820 ATMs throughout the country with special emphasis in the Tamil Nadu region.

    Lakshmi Vilas Bank offers fixed deposits under various categories such as regular fixed deposits, Dhanachakra deposit, tax saver deposit etc. The products offer attractive interest rates and a good level of reliability.

    Lakshmi Vilas Bank short term FD rates

    The short term FD rate (up to 1 year) ranges from 5.50% to 8.75%.

    The shortest slab of 15-29 days offers a decent 5.50% rate of interest, which increases slightly to 6.00% for the next slab of 30-45 days. Tenures between 91-180 days attract a high 8.10% interest rate, while the highest rate in this segment in offered on fixed deposits of tenure within 271-364 days.

    Lakshmi Vilas Bank medium and long term FD rates

    The medium and long term FD rates vary from 8.80% to 9.00%.

    For all tenures from 1 year to 899 days, a uniform rate of 8.80% is applicable. Going forward, fixed duration FD of 900 days maturity offers an attractive 9.00% rate of interest on deposits. The tenures from 901 days to 5 years are also offered at 8.80% interest. The overall yield from these products is higher than the quoted interest rate as the rates are compounded annually. As such, longer tenure FD with a sufficiently high interest rate will offer high returns.

    Senior citizen FD rates

    Senior citizens will receive the regular rates for all short term fixed deposits of less than 1 year maturity. The medium and long term FD customers will receive additional rate of 0.50% on all maturities in this slab. Consequently, the highest rate is applicable on the fixed maturity 900 days fixed deposit, which offers a revised 9.50% from regular rates to senior citizens.

    The Lakshmi Vilas Bank is a good choice for high interest fixed deposits and offers a host of features that have ensured a loyal customer base for the company.

    *All interest rates are in per annum.

    News About Lakshmi Vilas Bank Fixed Deposit

    • Lakshmi Vilas Bank Changes Fixed Deposit Rates of Interest

      The fixed deposit rates of interest have been revised by Lakshmi Vilas Bank on and from August 10, 2016. For tenure of 181 days to 270 days, it was 7.5% for both regular accounts and senior citizen accounts. Currently, the rate has been revised to 7.30% for both regular and senior citizens. For tenure of 271 days to 364 days, the rate has gone down from 7.6% to 7.5% for both senior citizens accounts and regular accounts. The revised rate for tenure of 1 year to less than 18 months is 7.8% for regular accounts and 8.3% for senior citizen accounts. For 18 months to below 5 years, the revise rates are 7.9% and 8.4% for regular and senior citizen, respectively. For tenure above 5 years, rate of interest associated with regular account is 7.8% and rate of interest associated with senior citizens accounts is 8.3%.

      13th September 2016

    • Laxmi Vilas Bank Term Deposit Interest Rates

      Laxmi Vilas Bank (LVB), in accordance with the repo rate cuts by the RBI, has revised the fixed deposit interest rates. The revision has been made for regular deposits and senior citizens deposits below Rs 1 crore.

      For tenures of 91 to 180 days and 181 to 199 days, the rates of interest for regular and senior citizens deposits are 7.20% and 7.50% respectively. For term deposits with tenures 201 to 270 days and 271 to 364 days are 7.50% and 7.60% for regular deposits and senior citizens deposits, respectively. The interest rate for deposit with tenure 1 year to 499 days has been charged at 7.80% (regular deposits) and 8.30% (senior citizens deposits). Domestic fixed deposits having terms 500 days, 501 days to less than 18 months, 18 months to less than 5 years, and 5 years and above have interest rates of 8.25% (regular) and 8.75% (senior citizens); 7.80% (regular) and 8.30% (senior citizens); 7.90% (regular deposits) and 8.40% (senior citizens deposits); and 7.80% (regular) and 8.30% (senior citizens), respectively.

      9th March 2016

    • Lakshmi Vilas Bank Revises FD Interest Rates

      Lakshmi Vilas Bank has made slight changes to its fixed deposit rates from Monday.

      The bank now offers 7.8 percent interest on fixed deposits of 1 year and above to less than 18 months, with 8.3 percent for senior citizens. For 18 months and above to less than 5 years, the interest rate is 7.9 percent for the general public and 8.4 percent for senior citizens.

      Lakshmi Vilas Bank earlier offered a 7.9 percent interest for an FD of 1 year and above to less than 5 years.

      23rd February 2016

    • Fixed Deposit Rates for Lakshmi Vilas Bank

      The rates for deposits across banks in India have seen deductions post the repo rate cut by the Reserve Bank of India. While loans have also seen a sizable reduction, reductions in fixed deposit rates are not much of a good news. Lakshmi Vilas Bank has changed its rates on fixed deposit for only a few of its deposit tenures for amounts below INR 1 crore.

      As of December 2015, deposits of 7 days to 14 days earn interest at a rate of 5% per annum and that is the current lowest rate on offer from Lakshmi Vilas Bank. From 15 days to 29 days, LVB offers an interest rate of 5.25% per annum on deposits. Changes were observed in the deposit tenure slabs of 30 days to 45 days, 46 to 90 days and 91 to 180 days. The rates for those slabs of tenure are 6%, 7% and 7.2% per annum respectively. From 181 days to 270 days, a rate of 7.50% per annum is applicable. From 271 days to 364 days, rates further increase in minor fractional values to a maximum of 7.6% per annum. From 1 year till less than 5 years, the rate of interest is 7.9% per annum and this is the highest available interest rate. For tenures of 1 year and more, senior citizens get an additional 0.5% increase in the interest rates. Deposit tenures of more than 5 years attract a lower interest rate of 7.8% per annum for the general public and 8.3% per annum for senior citizens.

      16th December 2015

    • Lakshmi Vilas Bank slashes Fixed Deposit Rates

      Following the Reserve Bank of India’s directive to cut down lending rates, many banks have followed suit, reducing their interest rates and Lakshmi Vilas Bank has also joined the league albeit a bit later. While passing on the benefits of lower rates to the customers is beneficial, the bank tends to make lesser profits in the business sense due to the same. Thus, fixed deposit rates at Lakshmi Vilas Bank have suffered a setback.

      In what could be said as a move to promote low cost savings to help in revenue generation, while Lakshmi Vilas Bank has increased rates on savings accounts and chopped down rates on fixed deposits by 10 to 25 basis points across various tenures.

      17th August 2015

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    LAKSHMI VILAS BANK FD Rates Reviews

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