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  • Lakshmi Vilas Bank Recurring Deposit Interest Rates

     3.5 / 5.0   by 5 users
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    Maturity PeriodInterest Rate (%)NRE rates (%)
    1 year to 10 years77

    Get the Highest Interest Rates on Lakshmi Vilas Bank Recurring Deposit

    The recurring deposit scheme offered by Lakshmi Vilas Bank is favored mainly because of the high rates on interest which one can earn on their investments. This scheme helps people by letting them save money through their deposits, which amount to as low as Rs.100 per month (thereafter in multiples of it) for minimum 1 year and maximum 10 years, while earning attractive rates of interest. Apart from this, this scheme also offers loan and nomination facility.

    Lakshmi Vilas Bank Short-Term Recurring Deposit Interest Rates

    The short- term recurring deposits offered by Lakshmi Vilas Bank are available for a tenure of 1 year to below 2 years. The rate of interest that one can earn on their short term deposits amounting to less than Rs.1 crore is 7.70 % per annum.

    Lakshmi Vilas Bank Medium and Long Term Recurring Deposit Interest Rates

    The medium term and long term recurring deposits offered by Lakshmi Vilas Bank are available for tenures of 2 years to below 5 years and 5 years to 10 years. The interest rate offered on these deposits are as follows –

    • For medium term deposits amounting to less than Rs.1 crore, the interest rate is 7.50 % per annum
    • For long term deposits amounting to less than Rs.1 crore, the interest rate is 7.40 % per annum

    Lakshmi Vilas Bank NRE Recurring Deposit Interest Rates

    Lakshmi Vilas Bank allows its NRI customers to open recurring deposit account for different tenures, offering a very high rate of interest on the same.

    The NRE recurring deposits made for a tenure of 1 year to below 2 years and 2 years to below 5 years, the bank offers 7.70% and 7.50 % interest per annum. Deposits made for a tenure of 5 years to 10 years attract an interest rate of 7.80 % per annum.

    More you need to know about Recurring Deposit

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    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.

      15th August 2016

       
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    Lakshmi Vilas Bank RD Rates Reviews

  • Page 1 of 1
    • Lakshmi Vilas Bank Recurring Deposit
      "Trusted and across all the genreations and where LVB serve "
      LAKSHMI VILAS BANK
      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? 1
      , warangal
      Reviewed on Nov 11, 2016
    • Lakshmi Vilas Bank Recurring Deposit
      "Average"
      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 Recurring Deposit
      "Better "
      LAKSHMI VILAS BANK
      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? 0
      , bangalore
      Reviewed on Aug 27, 2015
    • Lakshmi Vilas Bank Recurring Deposit
      "Lakshmi Vilas Bank is a cheat - Unfairly treated"
      LAKSHMI VILAS BANK
      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? 3
      , bangalore
      Reviewed on Feb 10, 2015
    • Lakshmi Vilas Bank Recurring Deposit
      "LVB RD"
      LAKSHMI VILAS BANK
      0.5 5.0/5 "Blown Away!"
      I have a RD account with LVB from May 2014, very good bank to open a FD ,staff are very good and responsive, only thing is they should send monthly reminder sms and cash deposited(received ) messages so that individual would be more attentive .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 04, 2014
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