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Lakshmi Vilas Bank Recurring Deposit Interest Rates 2022

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An RD account with Lakshmi Vilas Bank can be opened with a minimum deposit amount of Rs.100. The interest offered by the bank on RDs are attractive and range between 4.50% to 7.60% p.a.. The bank offers you loan and nomination facilities for opening an RD account with them.

Listed below are the deposit tenures and interest rates offered by Lakshmi Vilas Bank when it comes to recurring deposits:

Maturity Period Regular Senior Citizen (Not applicable for RD and NRO)
7-14 Days 4.50 4.50
15-30 Days 4.50 4.50
31-45 Days 5.50 5.50
46-90 Days 6.00 6.00
91-120 Days 6.50 7.00
121-150 Days 6.75 7.25
151-180 Days 7.00 7.50
181 - 364 Days 7.35 7.85
365 Days to 449 Days 7.50 8.10
450 Days 7.80 8.40
451 Days to 989 Days 7.50 8.10
990 Days 7.60 8.20
991 Days to less than 5 Years 7.50 8.10
5 Years to 10 Years 7.25 7.85

Note: The interest rates mentioned above are for deposits below Rs.2 crore as of 21 October 2019.

Note: The interest rates mentioned above are for deposits below Rs.2 crore as of 02 July 2019.

Lakshmi Vilas Bank Short-Term Recurring Deposit Interest Rates

If you open an RD account with Lakshmi Vilas Bank for a period that ranges between 12 months to less than 18 months, it falls under short-term RDs. The interest paid by the bank on deposits made for such tenures is 7.35% p.a.

Lakshmi Vilas Bank Medium and Long Term Recurring Deposit Interest Rates

Deposits made for a period that ranges from 18 months to less than 5 years fall under medium-term RDs while deposits made for a period that is in excess of 5 years falls under long term RDs. The interest offered by the bank on both medium-term and long-term RDs are the same i.e., 7.50% p.a.

News About Lakshmi Vilas Bank Recurring Deposit Interest Rates

  • Lakshmi Villas Revises Interest Rates offered for Recurring Deposits

    Lakshmi Villas Bank has revised the interest rates offered for their recurring deposits effective from 10th August 2016. The changes will be reflected on all deposits below Rs. 1crore. For deposits exceeding Rs. 1 Crore, details can be sought at the nearest Lakshmi Villas Bank branch. The interest rates offered depend on the tenures chosen and General interest rates offered for tenures of 1 to 2 years is 7.70% p.a., tenures of 2 to 5 years have interest rates of 7.50% p.a. and for tenures ranging from 5 years to 10 years is 7.40% p.a. Senior citizens receive no preferential interest rates for recurring deposits.

    15 August 2016

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Lakshmi Vilas Bank RD Rates Reviews

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  • Lakshmi Vilas Bank
    "Conveneint RD maintenace"
    0.5 5.0/5 "Blown Away!"
    I opened recurring deposit through Lakshmi Vills netbanking, best part the customer can invest minimum of Rs.100 to 1 lakh. They are also providing attractive interest rate of 7.6%, the customer service is very helpful in terms handling the queries. If in case I want to withdraw the RD amount there is no charges applicable . Automatically the amount credit to the account.
    Was this review helpful? 9
    , coimbatore
    Reviewed on Apr 11, 2019
  • Lakshmi Vilas Bank
    Lakshmi Vilas Bank
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    I have a RD with Lakshmi Vilas, I am investing Rs. 3000 on monthly basis it has minimum tenure of one year, more than a year, I am holding it. They giving 8% of interest for the same bank staff , for others 7.5% of RD Holder, now I hope they reduced around 7%.
    Was this review helpful? 4
    , rajapalayam
    Reviewed on Sep 13, 2017
  • Lakshmi Vilas Bank
    "Trusted and across all the genreations and where LVB serve "
    0.5 5.0/5 "Blown Away!"
    I had opted for LAKHSMI VILAS BANK with Recurring deposit. I had opted for a compounded interest rate. The interest rate is as same as FD. I also get some tax benefits too. The minimum days is 10 and the maximum is 10 years.
    Was this review helpful? 4
    , warangal
    Reviewed on Nov 11, 2016
  • Lakshmi Vilas Bank
    0.5 3.0/5 "Satisfactory"
    I had the recurring deposit with the Lakshmi Vilas Bank and they are working for the customer like the average manner. The rate of interest is around 8.75% per year of time. The minimum lock in period is around 12 months of time. Customer service is bad with them and the charges are average with them.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 20, 2015
  • Lakshmi Vilas Bank
    "Better "
    0.5 4.0/5 "Great!"
    I have the recurring deposit with the Lakshmi Vilas bank and I got this account because its easy to access. The services are fine with them and am holding this for the last 4 to 5 years. The interest rate is 10.5% around for the minimum lock in period of 1 year of time.
    Was this review helpful? 2
    , bangalore
    Reviewed on Aug 27, 2015
  • Lakshmi Vilas Bank
    "Lakshmi Vilas Bank is a cheat - Unfairly treated"
    0.5 0.5/5 "Unacceptable"
    I had 4 RD accounts with LVB. Money gets trfd from my SB a/c each month. For the last instalment, the bank had delayed the debit and did not inform me. On the maturity date, they terminated my RD and called it a premature closure and deducted a hefty penalty. My entire RD for over 2 years was wasted due to this. On the top of this, they are refusing to accept their fault and make good the loss of interest. Never ever again bank with LVB.
    Was this review helpful? 19
    , bangalore
    Reviewed on Feb 10, 2015
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