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.

lakshmi vilas bankFor 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 PeriodInterest Rates (For Amount Below 1 Crore) Interest Rates (Senior Citizens)
(For Amount Below 1 Crore)
7 – 14 Days5.005.00
15 – 30 Days5.255.35
31 – 45 Days6.006.00
46 – 60 Days7.007.00
61 – 90 Days7.007.00
91 Days – 180 Days7.207.20
181 Days – 270 days7.507.50
271 Days – 1 year7.607.60
1 Year – 2 Years7.908.40
2 Years – 3 Years7.908.40
3 Years – 5 Years7.908.40
5 Years – 10 Years7.808.30

Tax saver deposit:

 Deposit Generalsenior citizen
 Lakshmi Tax Saver Deposits 7.80 7.80

NRE fixed deposit interest rates:

Period Interest rate

(% p.a.)

 1-3 years 7.90
 3-5 years 7.90
 5-10 years 7.80

Table updated: 5 April, 2016

Calculate maturity value now

Important notes:

  • 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

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