Laxmi Vilas bank offers maximum interest of 7.50% for senior citizens and 7.90% 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 7.00% 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 7.50 %, and the maturity period here is 3 years to 5 years. The interest rate remains the same 7.00% 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 7.00%, and the maturity period is 3 years to 5 years. Below rates are effective from 2 December, 2016.

Lakshmi Vilas Bank Fixed deposits interest rates 2017 (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 Days6.25%6.25%
181 Days to 270 Days6.50%6.50%
271 Days to 1 Year6.50%6.50%
1 Year to 2 Years7.00%7.50%
2 Years to 3 Years7.00%7.50%
3 Years to 5 Years7.00%7.50%
5 Years to 10 Years7.00%7.50%

Tax saver deposit:

 Deposit Type GeneralSenior Citizen
 Lakshmi Tax Saver Deposits 7.00% 7.00%

Lakshmi NRE fixed deposit interest rates 2017:

Period Interest rate

(% p.a.)

 1 Year to 3 Years 7.00%
 3 Year to 5 Years 7.00%
 5 Year to 10 Years 7.00%

Table updated: 6 February, 2017

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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.

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

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