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 26/04/2010

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

7.50%

8.25%

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 01.07.2010

1 year to below 2 years

2.92%

2 years to below 3 years

2.72%

3 years & above

3.08%

RATE OF INTEREST with effect from 01.07.2010

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

2.17

1.97

2.33

2.71

3.05

2.GBP

2.46

2.43

2.80

3.16

3.45

3.EUR

2.29

2.35

2.58

2.83

3.07

4.CAD

5.AUD

JAPANESE YEN NO INTEREST FOR ANY MATURITY

RATE OF INTEREST with effect from 01.07.2010

1 month to < 6 months

6 months to < 1 year

1 year

D.RFC

1. USD

0.10

0.25

0.70

2.GBP

0.10

0.40

0.50

3. EUR

0.15

0.55

RFC SB

US DOLLARS - 0.05%

Interest rates on loans & advances

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

Sector: Industry, Trade & Services

Sl. No.

Loan facility/product

Interest Rate

WC credit facilities & Term Loan credit facilities

Base Rate + applicable spread/customer specific charges

Advances under Lakshmi Business Credit (LBC) scheme

Bases Rate + 4.75%

(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 + applicable spread/customer specific charges
2.	Sight Bills Purchased under LCs – BP (Ag. LC)	At Base Rate (PER: 8.75% p.a.)
3.	Usance Bills Discounted under LCs - UBD (Ag.LC)	Usance period: Up to 90 days: Base Rate + 1.25% (PER: 10.00% p.a.) 91 to 180 days: Base Rate + 2.75% (PER: 11.50% p.a.)
4.	Bills Purchased (Clean) – BPC: Interest to be charged on returned cheques	Base Rate + 7.35% (PER: 16.10% 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: 11.75% p.a.) Above Rs.50,000 and up to Rs.2.00 lacs: Base Rate + 3.50% (PER: 12.25% p.a.) Above Rs.2.00 lacs and up to Rs.20.00 lacs: Base Rate + 4% (PER: 12.75% p.a.) Above Rs.20.00 lacs: Base Rate + 4.50% (PER: 13.25% p.a.)
2.	Short Term Crop Loans and Lakshmi Kisan Credit Card	Loan facilities: Up to Rs.50,000: Base Rate + 1.50% (PER: 10.25% p.a.) Above Rs.50,000 and up to Rs.2.00 lacs: Base Rate + 3.50% (PER: 12.25% p.a.) Above Rs.2.00 lacs and up to Rs.20.00 lacs: Base Rate + 4% (PER: 12.75% p.a.)
3.	Jewel Deposit Loan (JDL-Agri.)	Base Rate + 2.25% (PER: 11.00% p.a.)
4.	Lakshmi Gold Power (Agri.)	Base Rate + 2.75% (PER: 11.50% 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: 11.50% p.a.) 271 to 360 days: Base Rate + 6.75% (PER: 15.50% p.a.)
2.	Post- shipment Credit	Sight bills: Base Rate + 2.75% (PER: 11.50% p.a.) Usance bills up to 180 days: Base Rate + 2.75% (PER: 11.50% p.a.)
3.	Export Credit against incentive receivables, etc.	Base Rate + 2.75% (PER: 11.50% p.a.)
4.	Deferred Credit	Beyond 90 days: Base Rate + 7.35% (PER: 16.10% p.a.)
5.	Export credit not otherwise specified (ECNOS)	Overdue Pre-shipment Credit & PCLs beyond 360 days: Base Rate + 7.35% (PER: 16.10% p.a.) Overdue Post-shipment Credit & Export Bills up to 180 days: Base Rate + 2.75% (PER: 11.50% p.a.) Overdue Post-shipment Credit & Export Bills beyond 180 days: Base Rate + 7.35% (PER: 16.10% p.a.)

Sector: Personal segment loans

Sl. No.	Loan facility/product	Interest Rate
1.	Lakshmi Home Loans – Variable rate loans	Loans of up to Rs.30.00 lacs: Loans repayable in 5 years: Base Rate + 1.50% (PER: 10.25% p.a.) Loans repayable in 5 to 15 years: Base Rate + 1.75% (PER: 10.50% p.a.) Loans of above Rs.30.00 lacs: Loans repayable in 5 years: Base Rate + 1.75% (PER: 10.50% p.a.) Loans repayable in 5 to 15 years: Base Rate + 2% (PER: 10.75% p.a.)
2.	Lakshmi Home Loans – Fixed rate loans (with provision for interest rate reset once in every 3 years)	Loans of up to Rs.30.00 lacs: Loans repayable in 5 years: 11% p.a. Loans repayable in 5 to 15 years: 11.25% p.a. Loans of above Rs.30.00 lacs: Loans repayable in 5 years: 11.25% p.a. Loans repayable in 5 to 15 years: 11.50% p.a.
2.	Lakshmi Personal Vehicle Loans	New vehicles: Base Rate + 5.25% (PER: 14% p.a.) Used 4-wheelers: Base Rate + 7.35% (PER: 16.10% p.a.)
3.	Advances to individuals against corporate debt instruments and units of approved mutual funds	Base Rate + 7.35% (PER: 16.10% p.a.)
4.	Lakshmi Easy Loan (OD/DL against govt. securities)	Base Rate + 5.25% (PER: 14% p.a.)
5.	Advances to individuals against shares & debentures	Base Rate + 7.35% (PER: 16.10% p.a.)
6.	IPO finance to individuals	Base Rate + 5.25% (PER: 14% p.a.)
7.	Vidya Lakshmi Loans – Boy Students	Up to Rs.4.00 lacs: Base Rate + 6.25% (PER: 15% p.a.) Above Rs.4.00 lacs: Base Rate + 7.25% (PER: 16% p.a.)
8.	Vidya Lakshmi Loans – Girl Students	Up to Rs.4.00 lacs: Base Rate + 5.75% (PER: 14.50% p.a.) Above Rs.4.00 lacs: Base Rate + 6.75% (PER: 15.50% p.a.)
9.	Jewel Deposit Loan (JDL - Non-Agri.)	Base Rate + 4.75% (PER: 13.50% p.a.)
10.	Lakshmi Gold Power (Non-Agri.)	Base Rate + 5.25% (PER: 14% 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: 1% 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 1% 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: 16.10% p.a.)

4.

Purchase of local clearing instruments

Base Rate + 7.35% (PER: 16.10% p.a.)

5.

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

Base Rate + 7.35% + 2% (PER: 18.10% p.a.)

6.

Micro credit to SHGs

Base Rate + 4% (PER: 12.75% p.a.)

7.

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

Base Rate + 4.25% (PER: 13.00% p.a.)

7.

Lakshmi Rental Loan to individuals

Base Rate + 5.75% (PER: 14.50% p.a.)

8

Lakshmi Rental Loan to firms/corporates

Base Rate + applicable spread/customer specific charges

9.

Advances to Rice Mills at selected centers

WC credit facilities (other than Goods loan & KCC limits): Base Rate + 2.25% (PER: 11% p.a.)

Goods loan & KCC limits: Base Rate + 2.75% (PER: 11.50% p.a.)

TL facilities: Base Rate + 2.75% (PER: 11.50% p.a.)

10.

Advances to Timber traders at selected centers

WC credit facilities below Rs.25.00 lacs: Base Rate + 6.75% (PER: 15.50% p.a.)

WC credit facilities above Rs.25.00 lacs: Base Rate + 5.75% (PER: 14.50% p.a.)