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    Lakshmi Vilas Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.5% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.00% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Lakshmi Vilas Bank Fixed Deposit Rates is Rated as "Blown Away!" by 14 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Lakshmi Vilas Bank Fixed Deposit Rates

    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, Dhana chakra deposit, tax saver deposit etc. The products offer attractive interest rates and a good level of reliability.

    The updated list of Lakshmi Vilas Bank FD Rates, for Regular and Senior Citizen, is listed below:

    Maturity PeriodRegularSenior Citizen (Not applicable for RD and NRO)
    7-14 days4.54.5
    15-30 days4.54.5
    31-45 days5.55.5
    46-90 days66
    91-180 days6.256.25
    181 - 270 days6.56.5
    271 - 364 Days6.756.75
    1 year to 10 years77.5

    Lakshmi Vilas Bank short term FD rates

    The short term FD rate (up to 1 year) ranges from 4.5% to 6.75%.

    The shortest slab of 15-30 days offers a decent 4.5% rate of interest, which increases slightly to 5.5% for the next slab of 31-45 days. Tenures between 91-180 days attract a 6.25% interest rate, while the highest rate in this segment in offered on fixed deposits of tenure within 271-364 days is 6.75%.

    Lakshmi Vilas Bank medium and long term FD rates

    The medium and long term FD rates for one year to 10years is 7%.

    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.

    Lakshmi Vilas Bank Senior citizen FD(Fixed Deposit) rates

    Senior citizens will receive the same as regular rates for all short term fixed deposits of less than 1 year maturity and medium and long term FD customers on all maturities slabs.

    *All interest rates are in per annum.

    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

    LAKSHMI VILAS BANK FD Rates Reviews

    • Lakshmi Vilas Bank Fixed Deposit
      "Better safety locker"
      0.5 5.0/5 "Blown Away!"
      Based on my savings account , I have got the Fixed deposit from the Lakshmi vilas bank. I have also got the safety locker with the Lakshmi vilas bank. I have this Fixed deposit for past 6months. I get the average interest rate with the Lakshmi vilas fixed deposit.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 05, 2017
    • Lakshmi Vilas Bank Fixed Deposit
      "Good savings"
      0.5 5.0/5 "Blown Away!"
      I have invested Rs. 3 lakhs it has the tenure one year,I am holding Fixed deposit around Rs. 3 months. After maturity I well receive the interest of 8% and investment amount credits to my account, I am working as a staff in the same bank, hence they provides 8% as a staff for other they give 7% and for senior citizen 7.5% of interest.
      Was this review helpful? 0
      , rajapalayam
      Reviewed on Sep 13, 2017
    • Lakshmi Vilas Bank Fixed Deposit
      "Better service when compared with other banks"
      0.5 5.0/5 "Blown Away!"
      LAKSHMI VILAS bank I had opted for FD. Interest rate offered by them was the best. I had opted this for a period of 2 years. The interest rate offered by them was 0.5% to 1% was higher than other banks. They also provide special schemes for women and senior citizen.
      Was this review helpful? 0
      , warangal
      Reviewed on Nov 11, 2016
    • Lakshmi Vilas Bank Fixed Deposit
      "Joint account"
      0.5 5.0/5 "Blown Away!"
      This is basically a joint account with my wife and I hold the same with LAKSHMI VILAS bank, it is basically a normal FD. I had not been to the branch till date. I had been asked to sign the FORM and I had it signed and sent it to them. They were in need of normal documents like ration card and other address proof etc., for opening this FD.
      Was this review helpful? 4
      , chennai
      Reviewed on Oct 22, 2016
    • Lakshmi Vilas Bank Fixed Deposit
      "Good bank for fixed deposit "
      0.5 5.0/5 "Blown Away!"
      Lakshmi villas Bank is giving 7.5% interest rate for the fixed deposit with the minimum lock in period of 91 days. There is no any nationalized or private bank to give such higher interest rate for FD. I visited the branch to avail the facility and within 20-25 minutes the producer was completed. We can liquid the cash any time but they will charge 1% on the amount.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 03, 2016
    • Lakshmi Vilas Bank Fixed Deposit
      "Good...."
      0.5 5.0/5 "Blown Away!"
      I use an account and on that basis opened the fixed deposit. Interest rate will be less in the government banks. Over draft features is present on the fixed deposit. Usually the interest rate would be 0.5% high for senior citizens. Now the fixed deposit rate is 7.8 to 9% at Lakshmi Vilas bank.
      Was this review helpful? 9
      , coimbatore
      Reviewed on Mar 09, 2016
    • Lakshmi Vilas Bank Fixed Deposit
      "Excellent rate of interest"
      0.5 4.5/5 "Excellent!"
      Lvb provides one of the best rates of interest with no lock in period. I have been holding my FD's with them for the past 3-4 years renewing them each year with no problem as such. They provide Good customer service and, overall, I am very happy with the bank
      Was this review helpful? 3
      , hosur
      Reviewed on Oct 19, 2015
    • Lakshmi Vilas Bank Fixed Deposit
      "Beneficial One.."
      0.5 4.0/5 "Great!"
      On the opening date I approached them and applied for a fixed deposit and recurring deposit. I already had a salary account with them. They asked me to fill a form and offered an interest rate of 10.5%. Tenure period for FD is 3 years and RD is 2 years. No locking period. Anytime we can break and take the money. Same interest will be provided for pe closure.
      Was this review helpful? 2
      , tirupur
      Reviewed on Aug 18, 2015
    • Lakshmi Vilas Bank Fixed Deposit
      "Highest Interest Rate on Fixed Deposit for 900 days"
      0.5 5.0/5 "Blown Away!"
      I am very happy to place fixed deposit with Lakshmi Vilas Bank, Secunderabad branch for a period of 900 days with interest rate of 9% p.a. It seems it is the highest interest among all banks. For Senior Citizens they offer 9.50% p.a. They have good no of branches in Andhra Pradesh and Telangana.
      Was this review helpful? 11
      , secunderabad
      Reviewed on Apr 26, 2015
    • Lakshmi Vilas Bank Fixed Deposit
      "Short Term FD"
      0.5 4.5/5 "Excellent!"
      This is very suitable bank with attractive interest rate around (9 ~ 9.5%) on short term fixed deposits. Interest rate offered by this bank is good compared with any public and private banks. i have operated 2 - 3 deposits in this bank and customer service also is flexible with customer needs
      Was this review helpful? 6
      , chennai
      Reviewed on Apr 21, 2015
    • Lakshmi Vilas Bank Fixed Deposit
      "LAKSHMI VILAS BANK FIXED DEPOSIT"
      0.5 2.5/5 "Just OK"
      I have tried to open a Fixed deposit in LVB 2 months back in our city. Initially I was asked to open a Savings Bank a/c before opening a FD in the bank, but it has taken a more than weeks time as the branch didn't have the facility with them and applications were send to their HO for processing.As it was got delayed to open the savings account I am unable to open the FD in time, in the mean time the bank has also reduced the lending rate by 0.25 pts and it result me loss of around Rs.1500/- in the FD maturity amount. The Bank has to improve the speed of processing the SB application and ensure that all branches should have the facility to open the SB a/c by themselves. But interest rate offered by this bank is good compared with other public/pvt banks.
      Was this review helpful? 8
      , cuddalore
      Reviewed on Feb 21, 2015
    • Lakshmi Vilas Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Lakshmi Vilas Bank fixed deposit: In simple terms i can say that this bank is friendly in access. The interest rate is better when compared with other banks, it was very simple for me in opening this Fixed deposit account. The customer service executives are very friendly in approach.
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 02, 2014
    • Lakshmi Vilas Bank Fixed Deposit
      "Fantastic Service"
      0.5 5.0/5 "Blown Away!"
      Hello Friends, I am a customer of this bank from the last 3 years. They have provided me the best service i had ever used. Their staff is so cooperative. They have well educated staff they know how to talk with customers. I will recommend you to use the services of this bank. Thank you
      Was this review helpful? 7
      , new delhi
      Reviewed on Aug 21, 2014
    • Lakshmi Vilas Bank Fixed Deposit
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      It is mainly for the tax savings purpose I have created the fixed deposit with Lakshmi Vilas bank. I am depositing around rs60000 for five years and I won't be able to get the amount before the tenure completes. I am holding two different FD's with them. Interest rate is normally good. It would be better if the improve the customer service.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Aug 08, 2014
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