Lakshmi Vilas Bank Fixed Deposits Interest Rates

Features:

Here is a list of some features of Laxmi Vilas Bank fixed deposits:

• The interest rate on a regular savings account is calculated and is payable out in phased balances.
• The deposit tenure can be anywhere from seven days to ten years.
• Term deposit schemes can offer a steady flow of interest that is reliable and reasonable.
• The minimum sum of money to be banked is hundred rupees. There is no particular maximum roof set for depositing money.
• Accounts can be opened both individually and jointly.
• Deposit accounts can be opened for minors by parents or guardians.
• There are the facilities of availing for a loan and nominations.
• Guaranteed quarterly or monthly form of income.

Lakshmi Vilas Bank Fixed Deposit Interest Rates 2021

Lakshmi Vilas Bank fixed deposit interest rates as per the deposit tenure is listed out as follows:

*Interest rates are subject to changes.

*Fixed Deposit Interest rates are subject to change.

Lakshmi Vilas Bank Fixed Deposit Rates: Things to Know!

Few points one must keep in mind while looking for Laxmi Vilas Bank fixed deposit rates are:

• The Lakshmi Vilas Bank's fixed deposit interest rates can range from 3.25% to 6.75%. Senior citizens also can receive interest in the same return percentage range.
• The deposit tenure and the deposited amount play a crucial role in determining the rate of returns.
• Interest rates are subject to revisions according to the bank’s policies and terms and conditions.
• Lakshmi Vilas Bank offers term deposits for NRIs through the deposits under the NRE, NRO, FCNR, and RFC concepts.
• The interest will be payable for every quarter or is owed monthly after a discounted value.

Summing it Up

Lakshmi Vilas Bank offers a competitive rate of interest in their fixed deposit schemes. Customers can also use online services offered by the bank for a better banking experience and quick use. In the best interest of the customers, it is advised that they confirm with the banking institution regarding the fixed deposit and the interest rates before availing of the service.