Lakshmi Vilas Bank Interest Rates on FD, Oct 2016

Get upto Rs 5,000/- Cashback*
Terms & Conditions Apply*
Apply Online

Last Updated 20th Oct 16

TenureInterest Rate
30 Days6.00%
45 Days 6.00%
60 Days 7.00%
90 Days 7.00%
120 Days 7.20%
6 Months 7.20%
9 Months 7.30%
12 Months 7.70%
18 Months 7.70%
2 Years 7.50%
3 Years 7.50%
4 Years 7.50%
5 Years 7.40%
7 Years 7.40%
10 Years 7.40%

Lakshmi Vilas Bank FD Interest Rates

  • Lakshmi Vilas Bank offers FD interest rates upto 7.70% per annum.
  • Interest on deposits with Lakshmi Vilas Bank is typically compounded quarterly.
  • Lakshmi Vilas Bank accepts deposits starting at Rs. 0 for various tenures.
  • For senior citizens (age more than 60 years), Lakshmi Vilas Bank offers higher interest rate over and above rates mentioned below.

Lakshmi Vilas Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Lakshmi Vilas Bank .

Loan against Lakshmi Vilas Bank FD

  • Lakshmi Vilas Bank offers loan upto 0% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Lakshmi Vilas Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Lakshmi Vilas Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Lakshmi Vilas Bank in your city - Find Lakshmi Vilas Bank Branches here

About Lakshmi Vilas Bank

Lakshmi Vilas Bank (LVB) was founded in 1926 by seven people of Karur region of Tamil Nadu under the leadership of VSN Ramalinga Chettiar, mainly to cater to local financial needs. The bank obtained its license from Reserve Bank of India (RBI) in June 1958 and in August 1958 it became a scheduled commercial bank. Lakshmi Vilas Bank saw considerable expansion of its branch network during the period 1961-65, when the bank took over nine other banks. From 1974, the bank started expanding the branch network beyond Tamil Nadu. The bank attained the status of Authorized Dealer in foreign exchange in 1976 enabling it to provide full range of services to customers engaged in international trade and to overseas travellers. Currently, Bank's operations are spread over a network of 362 branches (with 8 extension counters) in 15 states and the Union Territory of Pondicherry, supervised by 8 Regional Offices. LVB has 20 "B" category branches and 635+ ATMs spread across the country. The bank's asset size as on March 31, 2014 was to the tune of Rs.20,000 crores, with gross income of Rs.2,202 crores for the year ended March 31, 2014. The Bank deposits of over Rs.18,500 crores as on March 31, 2014. The operating profit for the same year was to the extent of Rs.309 crores.

click here to Compare
  • Lakshmi Vilas Bank FD rates with other banks in India

Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Best Offers on Home Loan, Loan Against Property, Personal Loan, Gold Loan
Cashback Upto Rs. 5,000/
News - Oct 2016
22nd Oct 16 SBI asks customers to use own ATMs
SBI advised its customers to use its own ATM network for safety of transactions. The Bank also promised to replace 6 lakh debit cards which were blocked by the bank as a preventive measure within ten days following a cyber security breach in the banking system. The other major banks hit by the cyber fraud are Axis Bank, HDFC and ICICI Bank.
18th Oct 16 Axis Bank cuts it benchmark MCLR by 5 base point rates
Axis Bank has cut it benchmark MCLR base rate by 5 bps. The bank has reduced its rates across tenures effectively reducing the overnight rates to 8.80 per cent and three year rate to 9.35 percent. The bank announced the reduction after its peers such as ICICI, Kotak Mahindra and Indian Bank cut their lending rates following the RBI monetary policy review on October 4th, 2016.
18th Oct 16 Citibank gives special Diwali offers on personal loans
Citibank personal loan offers reduction in rates to 11.49 per cent for digital channels and online applications made at MyLoanCare. Bank offers 0.50 per cent discount on processing fee and an Amazon Gift Voucher of Rs. 250 for loans disbursed till 3rd November, 2016. Also, get a Flipkart Gift Voucher upto Rs. 2500 on applying through MyLoanCare.
17th Oct 16 SBI: Sub 9 percent MCLR Base Rate Soon
SBI chief Arundati Bhattacharya said that the bank had transferred 95 bps out of total 150 bps cut in policy rates to its customers by way of reduction in SBI MCLR base rate. Dhe said that she expects rates to fall further shortly.
15th Oct 16 ICICI Bank tests blockchain transactions
ICICI Bank has done successful execution of its first two transactions using blockchain technology. Now other private sector banks are gearing up for the technology. Axis Bank and Kotak Mahindra Bank are conducting pilot transactions in trade settlements and cross border remittances while HDFC is still assessing the opportunity.