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Q1 30th June 2015 Performance.

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Unaudited Financial Results

Un audited financial result for the quarter ended 30th June 2015.

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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 16.06.2015)

 

A. Domestic

Rate of Interest

 Minimum Balance to be maintained

 

a.With cheque book facility

Upto Rs. 5 Lakhs

5%

5%

500

500

1000


1000

 

Above Rs.5 Lakhs

6%

6%

500

500

1000


1000

b.Without cheque book facility

Upto Rs. 5 Lakhs

5%

5%

500

500

1000


1000

 

Above Rs.5 Lakhs

6%

6%

500

500

1000

 

1000

c.BSBDA                                        

Upto Rs. 5 Lakhs

5%

5%

0

0

0


0

  Above Rs. 5 Lakshs        

6%

6%

0

0

0

0

a.     If the balance is upto Rs. 5 lakhs, interest will be calculated  at 5.00% on daily product basis,for the entire balance.

b.    If the balance is above Rs. 5 lakhs, interest will be calculated  at 6.00% for the entire balance, on daily product basis.

c. The revised savings bank interest rates is effective from 16th June 2015. 

             

B.Non resident

 

 

 

 

 

 

a. NRO - Balance Upto Rs.5 lakhs

5%

5%

100 

500

 500 

500

        NRO - Balance above  Rs.5 lakhs

6%

6%

100 

500

500

500

b. NRE - Balance Upto Rs.5 lakhs

5%

5%

100 

500

 500 

500

       NRE - Balance above Rs.5 lakhs

6%

6%

100 

500

500

500

 

2.Term deposits 

 

A.DOMESTIC

 
Interest rate applicable for deposit below Rs.1 Crs
For deposits 1 Crs and above, Please contact nearest branch.
 
 

With effect from 15.07.2015

Click here for Interest Calculator

 

Card Rates (% Per Annum)

Maturity Period)

Regular)

Senior Citizen
(Not applicable for RD and NRO)

7-14 days

5.00

5.00

15-29 days

5.25

5.25

30-45 days

6.00

6.00

46-90 days

7.00

7.00

91-180 days

7.75

7.75

181-270 days

8.00

8.00

271-364 days

8.50

8.50

1 year and above & less than 5 years

8.60

9.10

 5 years and above

8.50

9.00

* Senior citizen interest rate benefits is not applicable for NRO deposit and Recurring Deposits.

 

Deposit

Regular

Senior Citizen

Lakshmi Tax Saver Deposits - w.e.f 16.06.2015

8.50%

8.50%

 

B.Non-Resident accounts

a.NRO(All maturities)   -->  Same as Domestic (*Senior Citizen interest rate benefits are not applicable for NRO deposits.)

b.NRE(All Maturities) with effect from 1.07.2015

1 year and above and less than 5 years

8.60%

5 years and above up to 10 years

8.50%

C. FCNR(B) --  RATE OF INTEREST with effect from 01.072015

 

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

2.51

2.90

4.26

4.54

4.78

GBP

2.74

3.13

4.39

4.58

4.72

EUR

2.08

2.12

3.24

3.37

3.52

AUD

4.13

4.22

5.35

5.62

5.79

CAD

3.10

3.01

4.13

4.27

 4.44 

CHF

1.23

1.27

2.40

2.57

2.76

SEK

1.81

1.97

3.22

3.45

3.77

JPY

2.15

2.16

3.19

3.24

3.30

SGD

3.05

3.41

4.72

5.01

5.22

      

 

D. RFC --  RATE OF INTEREST with effect from 01.07.2015  

 

D.RFC

 1 month to < 6 months

 6 months to < 1 year

 1 year

1. USD

 0.19

 0.44

 0.77

2.GBP

 0.51

 0.72

 1.04

3. EUR

 0.00

 0.06

 0.17

RFC SB

                                                           0.05


Interest rates on loans & advances – with effect from 01.07.2015

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: 13.20% p.a )

        3. Lakshmi Loan Against Properties(LLAP)

Base Rate + 2.25% (PER: 13.20% 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: 10.95% p.a.)

3.

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

For Exposures of less than or equal to 5 crores:  Base Rate+0.25% (PER: 11.20% p.a.)

For exposures of more than 5.00 crores: At Base Rate:

(PER:10.95% p.a.).

4.

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

Base Rate + Maximum spread (PER: 10.95+6.85 =17.80% p.a.)

Sector:  Agriculture

Sl. No.

Loan facility/product

Interest Rate

1.

 Lakshmi Kisan Credit Card (LKCC)
(Includes Crop Loan & Term Loan components)

 

Loan facilities:
Up to Rs.1.00 lac
:  Base Rate + 0.90% (PER: 11.85 % p.a.)

Above Rs.1.00 lac to Rs.2.00 lacs
:  Base Rate + 1.40% (PER: 12.35% p.a.)

Above Rs.2.00 lacs to Rs.20.00 lacs
:  Base Rate + 1.65% (PER: 12.60% p.a.)

Above Rs.20.00 lacs to 100 lacs
:
Base Rate + 1.90% (PER: 12.85% p.a.)

2.

Agriculture Cash Credit (ACC)

Loan facilities:
Up to Rs.1.00 lac
:  Base Rate + 0.90% (PER: 11.85 % p.a.)

Above Rs.1.00 lac to Rs.2.00 lacs
:  Base Rate + 1.40% (PER: 12.35% p.a.)

Above Rs.2.00 lacs to Rs.20.00 lacs
:  Base Rate + 1.65% (PER: 12.60% p.a.)

Above Rs.20.00 lacs to 100 lacs
:
Base Rate + 1.90% (PER: 12.85% p.a.)

3.

Agri Crop Loans (ACL)
(Short term & Long -terms  Crop Loans)

Loan facilities:
Up to Rs.1.00 lac
:  Base Rate + 0.90% (PER: 11.85 % p.a.)

Above Rs.1.00 lac to Rs.2.00 lacs
:  Base Rate + 1.40% (PER: 12.35% p.a.)

Above Rs.2.00 lacs to Rs.20.00 lacs
:  Base Rate + 1.65% (PER: 12.60% p.a.)

Above Rs.20.00 lacs
:
Base Rate + 1.90% (PER: 12.85% p.a.)

4.

Agri Term Loans (ATL)
(Medium & Long Term Loans repayable in monthly/Quarterly/Half yearly/Annual Installments)

Loan facilities:
Up to Rs.1.00 lac
:  Base Rate + 0.90% (PER: 11.85 % p.a.)

Above Rs.1.00 lac to Rs.2.00 lacs
:  Base Rate + 1.40% (PER: 12.35% p.a.)

Above Rs.2.00 lacs to Rs.20.00 lacs
:  Base Rate + 1.65% (PER: 12.60% p.a.)

Above Rs.20.00 lacs
:
Base Rate + 1.90% (PER: 12.85% p.a.)

5.

Direct Goods Loans / WHRs Loans
(To farmers & Firms /Corporates engaged in Agri & Allied activities)

Agri:
Up to Rs.50.00 lacs
:  Base Rate + 0.90% (PER: 11.85 % p.a.)

Non-Agri
:
Above Rs.50.00 lacs
:
Base Rate + 1.40% (PER: 12.35% p.a.)

6.

 

Jewel Deposit Loan (JDL Scheme) JDL Agri Maximum of 15 no. of loans per borrower Maximum of Rs.10.00 lacs per borrower At base rate (PER 10.95% p.a)
JDL (Non-Agri) Maximum of Rs.10.00 lacs per borrower Base Rate + 1.25% (PER 12.20% p.a)

7.

Lakshmi Gold Power (LGP)  scheme

LGP (Agri)

Maximum of Rs.10.00 lacs per borrower Base Rate + 1.00% (PER 11.95% p.a)
LGP (Non-Agri) Maximum of Rs.10.00 lacs per borrower Base Rate + 2.25% (PER 13.20% p.a)
      8. Lakshmi Commodity Power (LCP) Scheme
(Loans to farmers against pledge of WHRs issued by collateral manager's, where the farmers stores their Agri. Commodity/produces in ware houses)
LCP (Agri) Upto Rs. 50.00 lacs At Base rate (PER 10.95% p.a)
LCP (Non-Agri) Above Rs.50.00 Lacs Base Rate + 0.50% (PER 11.45% p.a)
9.

Loans for construction of storage facilities (warehouses, market yards, godowns,gold storage to store agriculture produce/products irrespectiveof their location)

Agri:
Up to an aggregate sactioned limit of  Rs.100.00 crores per borrower
:  Base Rate + 1.90% (PER: 12.85 % p.a.)

10. Loans to Micro Finance Institutions (MFIs) Irrespective of the loan amount:
Base Rate + 1.90% (PER 12.85% p.a)
11. Loans to SHGs/JLGs (Directly engaged in Agriculture and Allied Activities) Irrespective of the loan amount:
Base Rate + 1.90% (PER 1.85% p.a)

Sector:  Export Credit:

Sl. No.

Loan facility/product

Interest Rate

1.

Pre-shipment Credit (Maximum upto 360 days)

Regular: Base Rate + 1.25% (PER:12.20% p.a.) 

Overdue within 360 days: Where sanction period is not extended beyond the original period of sanction & exports take place after the expiry of the sanction period, but within a period of 360 days from the date of advance:

(i) Up to sanctioned period: Base Rate + 1.25% (PER: 12.20% p.a.).

(ii) For the Balance period beyond sanctioned period: Interest rate as prescribed for ECNOS. i.e, 17.80% p.a

Beyond 360 days (Either Regular or Overdue): Interest rate as prescribed for ECNOS from the date of release of PCL. i.e.17.80% p.a.

2.

Post- shipment Credit

Regular- Up to the maximum period prescribed by FED (Presently, the maximum period is 9 months) for realization of export proceeds: Base Rate + 0.75% (PER: 11.70% p.a.).

Overdue:

(i) From the date of release up to 180days Base Rate + 0.75% (PER : 11.70% p.a.)

(ii) For the period exceeding 180 days – Interest Rate as prescribed for ECNOS. i.e., 17.80% p.a

3.

Export Credit against incentive receivables, etc.

Base Rate + 2.75% (PER:  13.70% p.a.)

4.

Deferred Credit

Base Rate + Maximum spread (PER: 10.95% + 6.85% =17.80% p.a.)

5.

Export credit not otherwise specified (ECNOS)

Overdue Pre-shipment Credit & PCLs

beyond 360 days
:  Base Rate + Maximum spread (PER: 10.95 + 6.85 = 17.80% p.a.)

Overdue Post-shipment Credit & Export Bills beyond180 days
: Base Rate + Maximum spread (PER: 10.95+6.85 =17.80% p.a.)

Sector:  Personal segment loans

Sl. No.

Loan facility/product

Interest Rate

1.

Lakshmi Home Loans

Irrespective of the tenor and amount:
Base Rate + 0.25% (PER: 11.20% p.a.) 

2.

Lakshmi Personal Vehicle Loans

Loans for purchase of New Cars / Vans & Jeeps:
BR+0.50% (PER: 11.45 % p.a.)

Loans for purchase of new Two-wheelers:
BR+3.00% (PER : 13.95 % p.a.)

Loans for purchase of used Cars / Vans / Jeeps:
BR+3.00% (PER: 13.95 % p.a.)

3.

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

Base Rate + Maximum spread (PER: 10.95 + 6.85 = 17.80% .p.a.)

4.

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

Base Rate + 3.75% (PER: 14.70% p.a.)

5.

Advances to individuals against shares & debentures

Base Rate + 3.75% (PER: 14.70% p.a.)

6.

IPO finance to individuals

Base Rate + 5.25% (PER: 16.20% p.a.)

7.

Vidya Lakshmi Loans – Boy Students

Up to Rs.4.00 lacs: Base Rate + 3.25% (PER: 14.20% p.a.)

Above Rs.4.00 lacs: Base Rate + 4.25% (PER: 15.20% p.a.)

8.

Vidya Lakshmi Loans – Girl Students

Up to Rs.4.00 lacs: Base Rate + 2.75% (PER: 13.70% p.a.)

Above Rs.4.00 lacs: Base Rate + 3.75% (PER: 14.70% 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

A. For deposit loans/overdrafts up
to 25 lacs:

For loan amounts up to 75% of the deposit amount: 2.00% 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.

B. For deposit loans/overdrafts above 25 lacs

For loan amounts up to 75% of the deposit amount: 1.50% over the interest rate paid on the relative
deposit

For loan amounts above 75% & up to 90% of the deposit amount: 1.75% over the interest rate paid
on the relative deposit.

  

2.

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

2% over the interest rate paid on the relative deposit, or at Base Rate whichever is higher.

3.

Drawals against un-cleared effects

(i) In Current Account: Base Rate + Maximum Spread (PER: 10.95% + 6.85% =17.80% p.a.).

(ii)In CC/OD Account: Applicable Rate+2%

4.

Purchase of local clearing instruments

Base Rate + Maximum Spread (PER: 10.95%+6.85% =17.80% p.a.)

5.

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

Base Rate + Maximum Spread + 2.00% (PER: 10.95%+ 6.85% +2%=19.80%p.a.)

6.

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

Base Rate + 4.25% (PER: 15.20% p.a.)

7.

 

 

 

 

 

 

Lakshmi Rental Loan

 

 

 

 

 

 

(i) If the tenants are Corporates, MNCs, Banks, Insurance Companies, PSUs, Brand Retail:
Base Rate +1.25% (PER:12.20% p.a.)

(ii) If the tenants are Brand Franchises of MNCs/Top Corporates: Base Rate+2.25% (PER: 13.20% p.a.)

(iii) If the tenants are partnership firms/proprietorship/individuals: Base Rate+2.75% (PER:13.70% p.a.)

8.

Lakshmi Commercial Vehicle Loan

(a) For Route Buses: Base Rate + 0.75% (PER: 11.70% p.a.)

(b) For all other Commercial Vehicles & Construction
Equipment: Base Rate+ 1.25% (PER: 12.20% p.a.)

(c) LCVL in tie-up arrangements with M/s. Ashok Leyland Ltd.)-Irrespective of the type of vehicle: Base Rate+1.00% (PER: 11.95% p.a.)

9.

Lakshmi Small Business Loan Base Rate+3.25% (PER: 14.20% p.a.)

10.

Term Loan to Real Estate Developers

Base Rate+5.00% (PER: 15.95%p.a.)

11.

Swarna Lakshmi Credit for Jewellers

Base Rate + 3.50% (PER: 14.45% p.a.)

12.

Advances to Rice Mills

WC credit facilities (other thanGoods loan & KCC limits): Base Rate + 1.25% (PER: 12.20% p.a.)

Goods loan & KCC limits: Base Rate + 1.25% (PER: 12.20% p.a.)

TL facilities: Base Rate + 1.75% (PER: 12.70% p.a.)

13.

Advances to Timber traders at selected centers

WC credit facilities below 25.00 lacs: Base Rate + 6.75% (PER: 17.70% p.a.)

WC credit facilities above 25.00 lacs: Base Rate + 5.75% (PER: 16.70% p.a.)

14.

Advances to Sago units at selected centers

Working Capital/Goods loan/Term Loan: Base Rate + 1.25% (PER: 12.20% p.a.)

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