Check Latest fixed deposit interest rates of Lakshmi Vilas Bank for 30 days to 10 years, updated on October 2019. Check Interest Rates for Senior citizens & RD investments. LAKSHMI VILAS BANK , Admin Office , Karur Rate at a quick glance Deposit Accounts.
Interest rate applicable for deposit below Rs. 2 Crs. For deposits 2 Crs and above, Please contact nearest branch.
|Maturity Period||Regular||Senior Citizen|
(Not applicable for RD and NRO)
|181 – 365 days||7.35||7.85|
|1 Year to less than 5 Years||7.50||8.10|
|5 Years to 10 Years||7.25||7.85|
|* Senior citizen interest rate benefits is not applicable for NRO deposit and Recurring Deposits.|
|Lakshmi Tax Saver Deposits||7.25%||7.85%|
Example Lakshmi Vilas bank offers an interest rate of 7.00% for regular customers and 7.50% for senior citizen as long as 3 years and above and less than 5 years. Presume that a regular customer has deposited an amount of Rs 5,00,000 with an ROI of 7.90% for 3 years than the interest earned of that amount within 1 year is Rs 40,962, for 2 years is Rs 44,318 and for 3 years is Rs 47,949. Therefore the total interest earned is Rs 1.3 lakhs and the profit value of the closing balance comes upto Rs 6,33,229. Similarly for a senior citizen with an interest rate of 8.40% for the same time period and value his/her closing balance comes upto Rs 6,42,733 with an interest earned for Rs 1.4 lakh. Amount : Rs 5,00,000
|Time period||ROI% Regular||ROI% Senior citizen||Maturity value (regular)||Maturity value (senior citizen)|
|5 years and above||7.00%||7.50%||737559||756105|
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About Lakshmi Vilas Bank: Lakshmi Vilas Bank was founded in 1926. Bank’s asset size as on March 31, 2015 was to the tune of Rs.24,705 crores, with total income of Rs.2,498.57 crores. Lakshmi Vilas Bank maintained deposits of over Rs.21964.21 crores as on March 31, 2015 because of Higher Interest Rates on Deposits. During the Financial year ended 31.3.2015 we made net profit of Rs. 132.29 crs. Lakshmi Vilas bank has around 407 Branches & 700+ ATMs.
Help Line No (Toll Free)
1800 – 425 – 2233