Lakshmi Vilas Bank FD Calculator

FD Calculator Lakshmi Vilas Bank in India Feb 2018

Tenure Rates Maturity Amount for Rs. 1 Lakh
3 years to 10 years 7.15% to 7.65% Rs. 123,690 - Rs.213,353
900 days to 1079 days 7.20% to 7.70% Rs. 119,238 - Rs.125,290
7 days to 14 days 4.50% to 4.50% Rs. 100,086 - Rs.100,173
15 days to 30 days 4.50% to 4.50% Rs. 100,185 - Rs.100,370
31 days to 45 days 5.50% to 5.50% Rs. 100,467 - Rs.100,678
46 days to 90 days 6.00% to 6.00% Rs. 100,756 - Rs.101,479
91 days to 180 days 6.40% to 6.40% Rs. 101,596 - Rs.103,181
181 days to 364 days 6.75% to 6.75% Rs. 103,375 - Rs.106,903
365 days to 509 days 7.10% to 7.60% Rs. 107,291 - Rs.111,070
510 days to 724 days 7.15% to 7.65% Rs. 110,409 - Rs.116,219
725 days 7.25% to 7.75% Rs. 115,340 - Rs.116,470
726 days to 899 days 7.15% to 7.65% Rs. 115,138 - Rs.120,520
Lakshmi Vilas Bank FD Maturity Calculator

Lakshmi Vilas Bank Fixed Deposit Calculator

Lakshmi Vilas Bank, a leading Private Bank in India offers attractive interest rates upto 7.25% on its fixed deposits.
FD maturity amount that you will get depends upon

  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Lakshmi Vilas Bank Fixed Deposit Interest Calculator

  • In a periodic interest payout option, Lakshmi Vilas Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Lakshmi Vilas Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Tax on Fixed Deposit Lakshmi Vilas

  • In case the interest earned by you across all your fixed deposits across all branches of Lakshmi Vilas Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Lakshmi Vilas Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Lakshmi Vilas Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Lakshmi Vilas Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Lakshmi Vilas Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Lakshmi Vilas Bank in your city

Frequently Asked Questions on FD Calculator Lakshmi Vilas Bank

What is the highest interest earned on Lakshmi Vilas Bank fixed deposit?

You can earn a maximum interest of 7.25% on Lakshmi Vilas Bank fixed deposit.

Are there any extra benefits for senior citizens on fixed deposit of Lakshmi Vilas Bank ?

Yes, senior citizens get extra benefit of 0.5% interest rates on their FD in Lakshmi Vilas Bank.

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