Home | About Us | Careers | Sitemap | Contact Us
  Deposits  
  Loans  
  MSME  
  Online Services  
  NRI Services  
  Cards  
  Wealth Management Services  
  Shareholder Info  
  Customer Service  
Announcement
Performance Highlights

Performance Highlights –
September 2014.

know more ..
...........................................................
Annual Report 2013-2014

Notice to Shareholders and 87th Annual Report 2013-2014

know more ..
...........................................................
Un-Audited Results

Un-Audited financial results for the quarter ended 30th September
2014

know more ..
...........................................................
Support Services
Apply Online
Grievance Redressal
Product Query
Calculator
Interest Chart
Service Charges

 

  Interest Rate 

 

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

 

ACCOUNT

NORMAL 

SENIOR CITIZEN 

 

RURAL

 SEMI URBAN

URBAN 



METRO

1.Savings Bank A/c  (With effect from 01.09.2014)

 

A. Domestic

Rate of Interest

 Minimum Balance to be maintained

 

a.With cheque book facility

Balance Below Rs.1 lakh                       

4%

4%

500

500

500




500

 

Balance  Rs.1 lakh & above

5%

5%

500

500

500

500

b.Without cheque book facility

Balance Below Rs.1 lakh

4%

4%

500

500

500


500

 

Balance  Rs.1 lakh & above

5%

5%

500

500

500

500

c.BSBDA                                        

Balance Below Rs.1 lakh

4%

4%

0

0

0


0

 

Balance  Rs.1 lakh & above                                 

5%

5%

 0

0

0

 0

a.     Above Interest Rates applicable from 01.09.2014.

b.    Rates offered on daily product basis.

c. Interest of 5 % is applicable for Entire Balance where the balance is Rs. 1 lac & above

             

B.Non resident

 

 

 

 

 

 

a. NRO - Balance Below Rs.1 lakh

4%

4%

100 

500

 500 

 500

        NRO - Balance  Rs.1 lakh & above

5%

5%

100 

500

500

500

b. NRE - Balance Below Rs.1 lakh

4%

4%

100 

500

 500 

 500

        NRE - Balance  Rs.1 lakh & above

5%

5%

100 

500

500

500

 

2.Term deposits 

 

A.DOMESTIC

 

With effect from 15.09.2014

Click here for Interest Calculator

 

Card Rates (% Per Annum)

Maturity Period Regular Senior Citizen
15-29 days 5.50 5.50
30-45 days 6.00 6.00
46-90 days 7.00 7.00
91-180 days 8.25 8.25
181-364 days 8.75 8.75
1 Year to less than 2 Years 9.15 9.65
2 Years - Up to 10 Years 9.25 9.75

For Rs. 1 Cr & above deposits , Please contact your Nearest LVB Branch.

 

Deposit

Regular

Senior Citizen

Lakshmi Tax Saver Deposits - w.e.f 15.09.2014

9.25%

9.25%

Deposit

Interest Rate

Amount Payable on Maturity

Lakshmi Lakhpathy Recurring Deposits - w.e.f 15.09.2014 ;  Duration 84 months @ Rs.1000/- per month.

9.25%

 Rs.1,17,046/-

 

B.Non-Resident accounts

a.NRO(All maturities)   -->  Same as Domestic

b.NRE(All Maturities) with effect from 15.09.2014

1 year

9.15%

Above 1 year to below 2 years

9.15%

2 years to below 3 years

9.25%

3 years - Upto 5 years

9.25%

Above 5 years

9.25%

C. FCNR(B) --  RATE OF INTEREST with effect from 01.11.2014

 

C.FCNR(B)

1year &above but<2years

2years&above but<3 years

3year &above but<4years

4year &above but<5years

For 5 years(Maximum)

USD

2.34

2.72

4.14

4.48

4.76

GBP

2.71

3.11

4.39

4.61

4.79

EUR

2.21

2.24

3.29

3.36

3.47

AUD

4.72

4.77

5.86

6.08

6.17

CAD

3.46

 3.46 

4.63

4.81

 4.97 

CHF

2.07

2.02

3.07

3.14

3.21

SEK

2.29

2.35

3.46

3.62

3.78

JPY

2.17

2.16

3.17

3.20

3.24

SGD

2.40

2.71

4.10

4.44

4.68

      

 

D. RFC --  RATE OF INTEREST with effect from 01.11.2014    

 

D.RFC

 1 month to < 6 months

 6 months to < 1 year

 1 year

1. USD

 0.16

 0.33

 0.55

2.GBP

 0.51

 0.69

 1.01

3. EUR

 0.01

 0.15

 0.31

RFC SB

US DOLLARS - 0.05%


Interest rates on loans & advances – with effect from 23.08.2013

Facility/product-wise interest rates under the Base Rate system

Sector:  Industry, Trade & Services

Sl. No.

Loan facility/product

Interest Rate

1.

WC credit facilities & Term Loan  credit facilities

Base Rate + product - specific operating costs + Credit Risk & Tenor Risk Premia

2.

Advances under Lakshmi Business Credit  (LBC) scheme

Base Rate + 2.25% (PER: 13.50% p.a )

Sector:  Bill Advances

Sl. No.

Loan facility/product

Interest Rate

1.

Bills Purchased Documentary (BPD), Bills Purchased (Supply Bills) & (Drawee Bills) & UBD (Clean)

 

Base Rate + product - specific operating costs + Credit Risk & Tenor Risk Premia

2.

Sight Bills Purchased under LCs – BP (Ag. LC)

At Base Rate (PER: 11.25% p.a.)

3.

Usance Bills Discounted under LCs  - UBD (Ag.LC)

Usance period:

Up to 90 days
:  Base Rate + 1.00% (PER: 12.25% p.a.)

91 to 180 days
:  Base Rate + 1.50% (PER: 12.75% p.a.)

4.

Bills Purchased (Clean) – BPC:  Interest to be charged on returned cheques

Base Rate + 7.35% (PER: 18.60% p.a.)

Sector:  Agriculture

Sl. No.

Loan facility/product

Interest Rate

1.

Agri. Cash Credit & Agri. Term Loans (excluding Short Term Crop Loans and Lakshmi Kisan Credit Card)

Loan facilities:

Up to Rs.50,000
:  Base Rate + 3% (PER: 14.25 % p.a.)

Above Rs.50,000 and up to Rs.2.00 lacs
:  Base Rate + 3.50% (PER: 14.75% p.a.)

Above Rs.2.00 lacs and up to Rs.20.00 lacs
:  Base Rate + 4% (PER: 15.25% p.a.)

Above Rs.20.00 lacs
:
Base Rate + 4.50% (PER: 15.75% p.a.)

2.

Short Term Crop Loans and Lakshmi Kisan Credit Card

Loan facilities:

Up to Rs.50,000
:  Base Rate + 1.50% (PER: 12.75% p.a.)

Above Rs.50,000 and up to Rs.2.00 lacs
:  Base Rate + 3.50% (PER: 14.75% p.a.)

Above Rs.2.00 lacs and up to Rs.20.00 lacs
:  Base Rate + 4% (PER: 15.25% p.a.)

3.

Jewel Deposit Loan (JDL-Agri.)

1)Loans upto Rs.3 Lacs
Base Rate   (PER: 11.25% p.a.)

2)Loans above Rs.3 Lacs

Base Rate  + 1.00% (PER: 12.25% p.a.)

4.

Lakshmi Gold Power (Agri.)

Base Rate (PER: 11.25% p.a.)

Sector:  Export Credit:

Sl. No.

Loan facility/product

Interest Rate

1.

Pre-shipment Credit

Up to 270 days: Base Rate + 2.75% (PER: 14.00% p.a.)

271 to 360 days
: Base Rate + 6.75% (PER: 18.00% p.a.)

2.

Post- shipment Credit

Sight bills &Usance bills up to 180 days: Base Rate + 2.75% (PER: 14.00% p.a.)

3.

Export Credit against incentive receivables, etc.

Base Rate + 2.75% (PER:  14.00% p.a.)

4.

Deferred Credit

Beyond 90 days:  Base Rate + 7.35% (PER: 18.60% p.a.)

5.

Export credit not otherwise specified (ECNOS)

Overdue Pre-shipment Credit & PCLs

beyond 360 days
:  Base Rate + 7.35% (PER: 18.60% p.a.)

Overdue Post-shipment Credit & Export Bills up to 180 days
: Base Rate + 2.75% (PER: 14.00% p.a.)

Overdue Post-shipment Credit & Export Bills beyond 180 days
: Base Rate + 7.35% (PER: 18.60% p.a.)

Sector:  Personal segment loans

Sl. No.

Loan facility/product

Interest Rate

1.

Lakshmi Home Loans – Variable rate loans

Base Rate + 0.25% (PER: 11.50% p.a.) 

2.

Lakshmi Personal Vehicle Loans

Loans for purchase of New Cars / Vans & Jeeps:
BR+0.50% (PER: 11.75 % p.a.)

Loans for purchase of new Two-wheelers:
BR+3.00% (PER : 14.25 % p.a.)

Loans for purchase of used Cars / Vans / Jeeps:
BR+3.00% (PER: 14.25 % p.a.)

3.

Advances to individuals against corporate debt instruments and units of approved mutual funds

Base Rate + 7.35% (PER: 18.60% p.a.)

4.

Lakshmi Easy Loan (OD/DL against govt. securities)

Base Rate + 3.75% (PER: 15.00% p.a.)

5.

Advances to individuals against shares & debentures

Base Rate + 7.35% (PER: 18.60% p.a.)

6.

IPO finance to individuals

Base Rate + 5.25% (PER: 16.50% p.a.)

7.

Vidya Lakshmi Loans – Boy Students

Up to Rs.4.00 lacs: Base Rate + 3.25% (PER: 14.50% p.a.)

Above Rs.4.00 lacs: Base Rate + 4.25% (PER: 15.50% p.a.)

8.

Vidya Lakshmi Loans – Girl Students

Up to Rs.4.00 lacs: Base Rate + 2.75% (PER: 14.00% p.a.)

Above Rs.4.00 lacs: Base Rate + 3.75% (PER: 15.00% p.a.)

9.

Jewel Deposit Loan (JDL - Non-Agri.)

Base Rate + 2.50% (PER: 13.75% p.a.)

10.

Lakshmi Gold Power (Non-Agri.)

Base Rate + 2.50% (PER: 13.75% p.a.)

Sector:  Others

Sl. No.

Loan facility/product

Interest Rate

1.

Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to depositors against own deposits

For loan amounts up to 75% of the deposit amount: 2% over the interest rate paid on the relative deposit.

For loan amounts above 75% & up to 90% of the deposit amount
: An additional interest rate of 0.50% will be chargeable for the amount of the loan drawn in excess of 75% of the deposit amount.  

2.

Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to borrowers other than depositors against third-party deposits

Base Rate + applicable spread/customer specific charges or 2% over the interest rate paid on the relative deposit, whichever is higher.

3.

Drawals against un-cleared effects

Base Rate + 7.35% (PER: 18.60% p.a.)

4.

Purchase of local clearing instruments

Base Rate + 7.35% (PER: 18.60% p.a.)

5.

Overdues by way of devolved LCs (LCBR) and invoked LGs

Base Rate + 7.35% + 2% (PER: 20.60% p.a.) 

6.

Micro credit to SHGs

Base Rate + 4% (PER: 15.25% p.a.)

7.

Loan facilities under Govt. sponsored schemes, SGSY, PMEGP and SJSRY

Base Rate + 4.25% (PER: 15.50% p.a.)

8.

9.

Lakshmi Rental Loan to individuals

Lakshmi Rental Loan to firms/corporates

 

Depending upon the tenants:

(i) If the tenants are Corporates,MNCs, Banks, Insurance

Companies, PSUs, Brand Retail:

BR+1.25% (PER: 12.50% p.a.)

(ii) If the tenants are Brand Franchises of MNCs/Top Corporates:

BR+2.25% (PER: 13.50% p.a.)

(iii) If the tenants are partnership firms/proprietorship/individuals:

BR+2.75% (PER: 14.00% p.a.)

10.

Lakshmi Commercial Vehicle Loan

(a) For Route Buses: Base Rate + 0.75 % (PER: 12 % p.a.)

(b) For all other Commercial Vehicles & Construction Equipment: Base Rate+1.25% (PER: 12.50 % p.a.)

11.

Lakshmi Small Business Loan Base Rate+3.25% (PER: 14.50% p.a.)

12.

Term Loan to Real Estate Developers

Base Rate+5.00% (PER: 16.25%p.a.)

13.

Swarna Lakshmi Credit for Jewellers

Base Rate + 3.50% (PER: 14.75% p.a.)

14.

Advances to Rice Mills at selected centers

WC credit facilities (other thanGoods loan & KCC limits): Base Rate + 2.25% (PER: 13.50% p.a.)

Goods loan & KCC limits: Base Rate + 2.75% (PER: 14.00% p.a.)

TL facilities: Base Rate + 2.75% (PER: 14.00% p.a.)

15.

Advances to Timber traders at selected centers

WC credit facilities below 25.00 lacs: Base Rate + 6.75% (PER: 18.00% p.a.)

WC credit facilities above 25.00 lacs: Base Rate + 5.75% (PER: 17.00% p.a.)

16.

Advances to Sago units at selected centers

WC credit facilities (other than Goods loan & KCC limits): Base Rate + 3.75% (PER:15.00% p.a.)

Goods loan & KCC limits: Base Rate + 3.50% (PER: 14.75% p.a.)


Help Line No (Toll Free)
    1800 - 425 - 2233

NetBanking LVB i Net  

View Demo for
Retail
Login
Forgot Pin Reset the I-Pin

 
 
 
Search
Let us Know how to reach you !
I prefer to be contacted by :
Terms & Conditions
Submit
 
Citizen Charter | Fair Practices & Banking Codes | Basel II Disclosure | E-Brochure | Phishing | IFSC Details | FAQ’s | Feedback | Policies | Forex Newsletter | Downloads | RBI Notices to Customers | Sitemap
Unclaimed Deposits | Unclaimed Dividend | PMRY Subsidy Beneficiaries | Pay Loan Installment Online | Recharge your Mobile | VISA Bill Pay | Make Donations | Book Rail Tickes | Online RTGS | Disclaimer | Privacy
Copyright (c) 2010 Lakshmi Vilas Bank. All Rights Reserved   |   This website is best viewed at 1024x768 resolution
     
chic logo