Lakshmi Vilas Bank

Interest rate

LAKSHMI VILAS BANK , Admn Office , Karur
Rate at a quick glance
Deposit Accounts

NATURE

RATE OF INTEREST

NORMAL

SENIOR CITIZEN

RURAL

SEMI URBAN

URBAN

ACCOUNT

1.Savings Bank A/c

A. Domestic

a. With cheque book facility

3.50%

500

b. Without cheque book facility

3.50%

100

c. No frills account

3.50%

B.Non resident

a.NRO

3.50%

b.NRE

3.50%

2.Term deposits

A.DOMESTIC

RATE OF INTEREST

with effect from 15/02/2010

Term deposits(All Maturities)

NORMAL

SENIOR CITIZEN

15-29 Days

3.25%

30-45 Days

3.75%

46-90 days

4.25%

91-180 days

5.25%

181-270 days

5.75%

271-364days

6.25%

1year-less than 2 years

7.25%

8.00%

2years-less than 3 years

7.25%

8.00%

3 years-less than 5 years

7.75%

8.50%

5 years & above

7.00%

7.75%

Deposit	Regular	Senior Citizen
Lakshmi Tax Saver Deposits - w.e.f 18.11.09	7.75%	8.50%
Deposit	Interest Rate	Amount Payable on Maturity
Lakshmi Lakhpathy Recurring Deposits - w.e.f 18.11.09 ; Duration 84 months @ Rs.1000/- per month.	7.00%	Rs. 1,07,401/-

B.Non-Resident accounts

a.NRO(All maturities)

Same as Domestic

b.NRE(All Maturities) with effect from 01.03.2010

1 year to below 2 years

2.59%

2 years to below 3 years

2.83%

3 years & above

3.44%

RATE OF INTEREST with effect from 01.03.2010

1year &above but<2years

2years&above but<3 years

3year &above but<4years

4year &above but<5years

For 5 years(Maximum)

C.FCNR(B)

1. USD

1.84

2.08

2.69

3.20

3.62

2.GBP

2.30

2.57

3.11

3.58

3.94

3.EUR

2.20

2.45

2.85

3.18

3.47

4.CAD

5.AUD

JAPANESE YEN NO INTEREST FOR ANY MATURITY

RATE OF INTEREST with effect from 01.03.2010

1 month to < 6 months

6 months to < 1 year

1 year

D.RFC

1. USD

0.05

0.50

2.GBP

0.10

0.40

0.50

3.EUR

0.05

0.50

RFC SB : US DOLLARS - 0.05%

LOANS	RATE OF INTEREST		Processing Charges
1.Housing Loan(lakshmi Home loan)	Upto Rs. 30 lakhs	Above Rs.30 lakhs
Floating Category
Upto 5 years	BPLR - 4.75%	BPLR - 4.50%	0.50% of the loan amount ,with minimum of Rs.500/-
More than 5 Yrs & upto 15 Yrs	BPLR - 4.50%	BPLR - 4.25%
Fixed Category
Upto 5 years	11% p.a	11.25%p.a
More than 5 Yrs & upto 15 Yrs	11.25%p.a	11.50%p.a
2.Personal Loan
a) Consumer Duarable Loan	BPLR + 3.25%	BPLR + 3.25%	As per the slab rates applicable
b) Senior Citizen Loan Scheme	NA	NA	NA
c) Personal Loan Scheme	BPLR + 3.25%	BPLR + 3.25%	As per the slab rates applicable
3.Vehicle Loan (lakshmi personal vehicle loan)
a.Two Wheeler Loans	BPLR - 1%	BPLR - 1%	1% of the amount subject to minimum Rs.500/- for car loans & Rs.250/- for two-wheeler loans and maximum of Rs.3000/-
b.Three Wheeler Loans	NA	NA
c.For New cars	BPLR - 1%	BPLR - 1%
d.For Old cars	BPLR + 1.50%	BPLR + 1.50%
4.Educational Loans	Upto Rs.4.00 lakhs	Rs. 4.00 lakhs upto 7.5 lakhs	Above 7.5 lakhs
	BPLR-3.75%	BPLR-2.75%	BPLR-5.00%