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January 12th, 2016, 05:16 PM
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Join Date: Mar 2012
Re: Lakshmi Vilas Bank FD Rates

Lakshmi Vilas Bank is type of private bank. It was founded in 1926. It’s headquarter is situated in Karur, India.

It mainly provides consumer banking.
As you have asked about the FD Interest rates, I am giving you some information below

Lakshmi Vilas Bank short term FD rates
The short term FD rate (up to One year) is from 5.50% to 8.75%.
The shortest period of 15-29 days offers a 5.50% rate of interest, which increases slightly to 6.00% for the next period of 30-45 days. Period between 91-180 days attract a high 8.10% interest rate, while the highest rate in this segment in offered on fixed deposits of period within 271-364 days.
Lakshmi Vilas Bank FD rates for medium and long term period

The medium and long term FD rates differ from 8.80% to 9.00%.
For all period from 1 year to 899 days, an identical rate of 8.80% is applicable. Moving forward, fixed duration FD of 900 days maturity offers a pretty 9.00% rate of interest on deposits. The period from 901 days to 5 years also offer at 8.80% interest. As such, longer period FD with a sufficiently high interest rate will offer high returns.
Senior citizen FD rates

Senior citizens will obtain the regular rates for all short term fixed deposits of less than one year maturity. The medium and long term FD customers will get an additional rate of 0.50% on all maturities in this period. Subsequently, the highest rate is applicable on the permanent maturity 900 days fixed deposit, which offers a revised 9.50% from regular rates to senior citizens.


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