Laxmi Vilas bank offers maximum interest of 8.40 % for senior citizens and 7.90% for general for domestic deposit of amount about Rs. 10 crore, and the maturity period is 3 years to less than 5 years for the same.
Tax saver deposits: Upon going with Tax Saver Fixed deposits, the deposit amount becomes 1 lakh per financial year, and the maturity period is 5 years. The interest rate remains 7.80% for both senior citizens and general people.
NRO deposits: In case of NRO Fixed deposit of an amount about Rs. 10 Crore the maximum interest rate offered is 7.90 %, and the maturity period here is 3 years to 5 years. The interest rate remains the same 7.90% as well for the above amount for maturity period of 2 years to 3 years, and the fixed deposit amount is same at about Rs. 10 crore.
For NRE fixed deposit of amount about Rs. 1 crore, the maximum interest rate is 7.90%, and the maturity period is 3 years to 5 years. However, you can go through the official website for having complete detail of interest rates.
Fixed deposits interest rates table (Domestic & NRO):
|Time Period||Interest Rates (For Amount Below 1 Crore)||Interest Rates (Senior Citizens)|
(For Amount Below 1 Crore)
|7 – 14 Days||5.00||5.00|
|15 – 30 Days||5.25||5.35|
|31 – 45 Days||6.00||6.00|
|46 – 60 Days||7.00||7.00|
|61 – 90 Days||7.00||7.00|
|91 Days – 180 Days||7.20||7.20|
|181 Days – 270 days||7.50||7.50|
|271 Days – 1 year||7.60||7.60|
|1 Year – 2 Years||7.90||8.40|
|2 Years – 3 Years||7.90||8.40|
|3 Years – 5 Years||7.90||8.40|
|5 Years – 10 Years||7.80||8.30|
Tax saver deposit:
|Lakshmi Tax Saver Deposits||7.80||7.80|
NRE fixed deposit interest rates:
|Period|| Interest rate|
Table updated: 5 April, 2016
- Lakshi vilas bank offers 5% interest for saving resident and no deposits upto 5 lakhs and 6% interest for above 5 lakhs.
- Extra .50 interest rate is available for senior citizen deposits for the period above 1 year. These rates are not applicable for NRO accounts.
Check out more details @http://www.lvbank.com/interestchart.aspx