Lakshmi Vilas Bank Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Lakshmi Vilas Bank

Last Updated 24th Nov 2016
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.50% 4.50%
15 days to 29 days 4.50% 4.50%
30 days to 45 days 5.50% 5.50%
46 days to 90 days 6.00% 6.00%
91 days to 180 days 6.25% 6.25%
181 days to 270 days 6.50% 6.50%
271 days to 364 days 6.50% 6.50%
1 year to 1 year 364 days 7.00% 7.50%
2 years to 4 years 364 days 7.00% 7.50%
5 years to 10 years 7.00% 7.50%
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  • Lakshmi Vilas Bank offers FD interest rates upto 7.00% 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.
Calculate Lakshmi Vilas Bank
FD Maturity Amount

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.

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News - Dec 2016
20th Jul 16 Lakshmi Vilas Bank Q1 net jumps 50 per cent to Rs 61 crore
Lakshmi Vilas Bank has reported a net profit of over 50 per cent at Rs 60.68 crore in the June quarter of FY17. Total income of the bank in the June Quarter increased to Rs 774.87 crore from Rs 693.05 crore in the same period of previous year. Gross NPAs as a percentage to Total Advances decreased to 2.14 per cent. Net NPAs decreased to 1.3 per cent of the Net Advances as against 1.72 per cent in the same period of previous fiscal. Thus, the provision towards bad loans was also reduced to Rs 35.15 crore June quarter of FY17 as against Rs 50.31 crore in the same period of previous year.
28th Apr 16 Lakshmi Vilas Bank Q4 profit up 22.5% on retail, SME growth
Lakshmi Vilas Bank saw its Q4 profit grow 22.5% to Rs 49.07 crore from strength in its retail and SME lending. The commercial lender Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. The bank is seeing lending opportunities in the pharma and real estate sector. And they are looking at broadening the scope of their agricultural loans. The only possible areas of improvement bank can see are with regard to their CASA deposits and their net interest income.
29th Jan 16 Lakshmi Vilas Bank launches LVB Mobile app
LVB launched its mobile app to tap the digital banking space and diversify its offerings. The bank also inaugurated its first cash deposit machine at Global Village campus in Bengaluru
28th Jan 16 Lakshmi Vilas Bank Q3FY16 standalone net profit rises 42 per cent
LVB reported net profit of Rs. 46.07 Cr for the quarter ended December 2015 on fall in bad loans and healthy revenue from retail and corporate banking segments.
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