Lakshmi Vilas Bank FD Interest Rates

Founded in 1926, Lakshmi Vilas Bank is one of India’s leading private sector banks headquartered in Chennai, Tamil Nadu. Offering a wide variety of financial products and services under corporate and private banking, the Lakshmi Vilas Bank offers a fixed deposit scheme with attractive interest rates and a wide range of tenure options to choose from. 

The minimum tenure for a fixed deposit is 7 days and the maximum is 10 years. The minimum amount required to open a term deposit account at Lakshmi Vilas Bank is Rs.100.

Laxmi Vilas Bank is merged with DBS Bank from April 2019.

Lakshmi Vilas Bank Fixed Deposit Rates

Tenure

Interest Rates for General Public (p.a)

Interest Rates for Senior Citizens (p.a)

7 days

2.50%

2.50%

8 days & up to 14 days

2.75%

2.75%

15 days & up to 29 days

4.00%

4.00%

30 days & up to 45 days

2.75%

2.75%

46 days & up to 60 days

2.75%

2.75%

61 days

4.50%

4.50%

62 days & up to 90 days

3.00%

3.00%

91 to 180 days

3.00%

3.00%

181 to 269 days

4.75%

5.25%

270 to less than 1 year

4.75%

5.25%

1 year to 375 days

6.25%

6.75%

376 days to 540 days

7.25%

7.75%

541 days to 599 days

7.25%

7.75%

600 days

7.25%

7.75%

601 days to less than 2 years

7.25%

7.75%

2 years to less than 2 years & 6 months

7.25%

7.75%

2 years & 6 months

7.25%

7.75%

2 years 6 months 1 day & less than 3 years

7.50%

8.00%

3 years and less than 4 years

6.50%

7.00%

4 years to less than 5 years

6.50%

7.00%

5 years and above

6.50%

7.00%

Note: The interest rates are effective from 10 July 2023 and may change as per the bank’s rules and regulations.

** Above rates are for deposits below Rs. 2 Crore.

 

Interest rates for Lakshmi Vilas Bank NRE term deposit

Tenure

Interest Rate p.a.

1 year to 375 days

6.25%

376 days to 540 days

6.50%

541 days to less than 2 years

6.25%

2 years & less than 2 years 6 months

5.75%

2 years & 6 months

5.25%

2 years 6 months 1 day & less than 3 years

5.25%

3 years and less than 4 years

5.00%

4 years to less than 5 years

5.00%

5 years and above

5.00%

Please note: Special interest rates are not available for senior citizens for NRE fixed deposits.

 
 

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