Laxmi Vilas bank offers maximum interest of 7.75% for senior citizens and 8.35% for general for domestic deposit of amount below  Rs. 1 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 7.75% 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 7.75%, and the maturity period here is 3 years to 5 years. The interest rate remains the same 7.75% as well for the above amount for maturity period of 2 years to 3 years, and the fixed deposit amount is the same at about Rs. 10 crores.

lakshmi vilas bankFor NRE fixed deposit of amount about Rs. 1 crore, the maximum interest rate is 7.75%, and the maturity period is 3 years to 5 years. Below rates are effective from 3 November 2018.

Lakshmi Vilas Bank Fixed deposits interest rates of February 2019 (Domestic & NRO):

Time PeriodInterest Rates (For Amount Below 1 Crore) Interest Rates (Senior Citizens)
(For Amount Below 1 Crore)
7 Days to 14 Days4.50%4.50%
15 Days to 30 Days4.50%4.50%
31 Days to 45 Days5.50%5.50%
46 Days to 60 Days6.00%6.00%
61 Days to 90 Days6.00%6.00%
91 Days to 180 Days6.50%7.00%
181 Days to 270 Days7.30%7.80%
271 Days to 1 Year7.30%7.80%
1 Year to 2 Years8.00%8.60%
2 Years to 3 Years7.60%8.20%
3 Years to 5 Years7.75%8.35%
5 Years to 10 Years7.75%8.35%

Tax saver deposit:

 Deposit Type GeneralSenior Citizen
 Lakshmi Tax Saver Deposits 7.75% 8.35%

Lakshmi NRE fixed deposit interest rates February 2019:

Period Interest rate

(% p.a.)

 1 Year to 3 Years 7.60-8.00%
 3 Year to 5 Years 7.75%
 5 Year to 10 Years 7.75%

Table updated: 19 February, 2019

Important notes:

  • Lakshmi Vilas bank offers 5% interest for saving resident and no deposits up to 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 to NRO accounts.

LVB Fixed Deposit Interest Calculator

Calculate Maturity Value Now

However, you can go through the official website for having complete detail of interest rates.

Check out more details @

Be the first to comment

Leave a Reply

Your email address will not be published.