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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 - Up to Rs. 10 cr (last revised on Jul 18, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 29 days Up to Rs. 10 cr

6.00

6.00

Calculate
30 days to 45 days Up to Rs. 10 cr

6.50

6.50

Calculate
46 days to 60 days Up to Rs. 10 cr

7.00

7.00

Calculate
61 days to 90 days Up to Rs. 10 cr

7.75

7.75

Calculate
91 days to 120 days Up to Rs. 10 cr

8.25

8.25

Calculate
121 days to 270 days Up to Rs. 10 cr

8.75

8.75

Calculate
271 days to 364 days Up to Rs. 10 cr

9.00

9.00

Calculate
1 year to less than 10 years Up to Rs. 10 cr

9.30

9.80

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

9.50

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 - Up to Rs. 1 cr (last revised on Jul 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to 29 days Up to Rs. 1 cr 6.00 Calculate
30 days to 45 days Up to Rs. 1 cr 6.50 Calculate
46 days to 60 days Up to Rs. 1 cr 7.00 Calculate
61 days to 90 days Up to Rs. 1 cr 7.75 Calculate
91 days to 120 days Up to Rs. 1 cr 8.25 Calculate
121 days to 270 days Up to Rs. 1 cr 8.75 Calculate
271 days to 364 days Up to Rs. 1 cr 9.00 Calculate
1 year to less than 10 years Up to Rs. 1 cr 9.30 Calculate

a) For NRE Fixed Deposit - Up to Rs. 1 cr (last revised on Jul 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Up to Rs. 1 cr 9.30 Calculate
above 1 year to less than 2 years Up to Rs. 1 cr 9.30 Calculate
2 years to less than 3 years Up to Rs. 1 cr 9.30 Calculate
3 years to upto 5 years Up to Rs. 1 cr 9.30 Calculate
Above 5 years Up to Rs. 1 cr 9.30 Calculate
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