Lakshmi Vilas Bank (LVB), which is now DBS, offers the Lakshmi Freedom Deposit at an attractive interest rate. Only customers who have a savings account with the bank are eligible for the Lakshmi Freedom Deposit initiative.
When your savings account balance exceeds the threshold limit, the rest of the amount will be transferred to your Fixed Deposit (FD) account.
The FD plan offers flexibility to its customers by having a savings bank account with a high-interest rate.
The applicant should have a savings account with LVB in order to apply for a Lakshmi Freedom Deposit.
Following are the type of investors who can avail of LVB Lakshmi Freedom Deposit:
Tenure | Interest Rate p.a. (General Public) | Interest Rate p.a. (Senior Citizens) |
46 days | 2.50% | 2.50% |
Following are the documents that are required to open a Lakshmi Freedom Deposit in LVB:
You can apply for the Lakshmi Freedom Deposit Plan online by following the steps given below:
LVB Bank offers a 2.50% interest rate to both the general public and senior citizens on Lakshmi Freedom Deposit Plan.
The tenure of the Lakshmi Freedom Deposit is 46 days.
Individuals, Firms, HUFs, NRIs, and minors are eligible to open a Lakshmi Freedom Deposit account.
All the KYC documents and passport size photographs are mandatory to open a Lakshmi Freedom Deposit account.
Yes, you can open a Lakshmi Freedom Deposit account by visiting the LVB's official website.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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