Lakshmi Vilas Bank Fixed Deposit Scheme

I want to open fixed deposit account at Lakshmi Vilas Bank. So pls provide me application form to open that account. Anyone provide details about the interest rates given by the Lakshmi Vilas Bank in Fixed Deposit Scheme? Give me information of interest rates of all types of account and loans.

Hello Sir , I want to know Lakshmi Vilas Bank Fixed Deposit Scheme Interest Rates & Other General information Can you please give me Information for same ?

[Raman Vij]

The Fixed Deposit Schemes Offered The deposits Can be Opened for Tenures that may Vary from 15 days to 5 years.

The interest earned will depend on the duration of the deposit and the classification of the account based on it being opened by a resident of India or an NRI.

Eligibility to Open FD Account:

Any individual Can Open a fixed deposit with the bank.

Even minor above the age can open fixed deposits either under the guidance of a guardian or on their own.

Even NRIs (Non Resident Indian’s) can open these fixed deposits.

Minimum amount required to open an FD will be Rs. 100 irrespective of the account being a tax saver fixed deposit or a normal fixed deposit.


Minimum period for which funds can be held in a fixed deposit is 15 days and the maximum is 5 years or more.

Interest Rates offered on Lakshmi Vilas Bank Fixed Deposits :

• The Fixed Deposits Can also be Used to Generate Additional Income as the Interest Earned through these Deposits is Credited to you Every Quarter.

• Domestic deposits can earn an interest rate of 5.5% per annum to 8.75% per annum on deposits held for 15 days to 364 days.

• For deposits held from 1 year to 2.5 years the interest rate is 8.80% per annum and 9% per annum for deposits held for 900 days.

• Long term deposits of 901 days to just under 5 years earn 8.80% per annum and those above 5 years earn 8.75% per annum.

• NRE and NRO deposits earn 8.80% interest for deposits held for 1 year up to 899 days.

• Those held for 900 days earn 9% per annum and those held up to 5 years earn 8.80% per annum. Long term deposits of 5 years to 10 years earn 8.75% per annum.

• The interest rate on FCNR deposits depends on the currency the account is held in and can range from 1.32% per annum to 5.55% per annum.