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Lakshmi Vilas Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Min. Amt - Rs. 100, Max. Amt - No limit (last revised on Apr 20, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 29 days Min. Amt - Rs. 100, Max. Amt - No limit

3.25

3.25

Calculate
30 days to 45 days Min. Amt - Rs. 100, Max. Amt - No limit

3.75

3.75

Calculate
46 days to 90 days Min. Amt - Rs. 100, Max. Amt - No limit

6.00

6.00

Calculate
91 days to 180 days Min. Amt - Rs. 100, Max. Amt - No limit

8.00

8.00

Calculate
181 days to 270 days Min. Amt - Rs. 100, Max. Amt - No limit

8.25

8.25

Calculate
271 days to 364 days Min. Amt - Rs. 100, Max. Amt - No limit

8.25

8.25

Calculate
1 year to less than 2 years Min. Amt - Rs. 100, Max. Amt - No limit

10.00

10.25

Calculate
2 years to less than 3 years Min. Amt - Rs. 100, Max. Amt - No limit

9.75

10.25

Calculate
3 years to 5 years Min. Amt - Rs. 100, Max. Amt - No limit

9.50

10.00

Calculate
Above 5 years Min. Amt - Rs. 100, Max. Amt - No limit

9.00

9.50

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Tax Saver Deposits - 5 years Upto Rs. 1 lakh

9.50

9.75

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Apr 20, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to 29 days Less than Rs. 1 cr 3.25 Calculate
30 days to 45 days Less than Rs. 1 cr 3.75 Calculate
46 days to 90 days Less than Rs. 1 cr 6.00 Calculate
91 days to 180 days Less than Rs. 1 cr 8.00 Calculate
181 days to 270 days Less than Rs. 1 cr 8.25 Calculate
271 days to 364 days Less than Rs. 1 cr 8.25 Calculate
1 year to less than 2 years Less than Rs. 1 cr 10.00 Calculate
2 years to less than 3 years Less than Rs. 1 cr 9.75 Calculate
3 years to 5 years Less than Rs. 1 cr 9.50 Calculate
Above 5 years Less than Rs. 1 cr 9.00 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 11, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Less than Rs. 1 cr 10.00 Calculate
2 years to less than 3 years Less than Rs. 1 cr 9.75 Calculate
3 years and above Less than Rs. 1 cr 7.00 Calculate