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Audited financial results

Audited financial results for the
year ended 31st March 2015

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Year ended 31 March
2015 Performance

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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 01.04.2015)

 

A. Domestic

Rate of Interest

 Minimum Balance to be maintained

 

a.With cheque book facility

For balances upto Rs. 1 Lakh

4%

4%

500

500

1000


1000

 

For incremental balances above Rs.1 Lakh

5%

5%

500

500

1000


1000

b.Without cheque book facility

For balances upto Rs. 1 Lakh

4%

4%

500

500

1000


1000

 

For incremental balances above Rs.1 Lakh

5%

5%

500

500

1000

 

1000

c.BSBDA                                        

For balances upto Rs. 1 Lakh

4%

4%

0

0

0


0

 

For incremental balances above Rs.1 Lakh                                 

5%

5%

 0

0

0

 

0

a.     Above Interest Rates applicable from 01.04.2015.

b.    Rates offered on daily product basis.

c. Interest of 5 % is applicable for the incremental Balances where the balances above Rs.1 lac 

             

B.Non resident

 

 

 

 

 

 

a. NRO - Balance Upto Rs.1 lakh

4%

4%

100 

500

 500 

500

        NRO - Balance above  Rs.1 lakh

5%

5%

100 

500

500

500

b. NRE - Balance Upto Rs.1 lakh

4%

4%

100 

500

 500 

500

       NRE - Balance above Rs.1 lakh

5%

5%

100 

500

500

500

 

2.Term deposits 

 

A.DOMESTIC

 

With effect from 27.04.2015

Click here for Interest Calculator

 

Card Rates (% Per Annum)

Maturity Period Regular

Senior Citizen
(Not applicable for RD and NRO)

15-29 days

5.50

5.50
30-45 days 6.00 6.00
46-90 days 7.00 7.00
91-180 days 8.10 8.10
181-270 days 8.50  8.50 
271-364 days 8.75 8.75
1 year and above & less than 2 years 8.80 9.30
 2 years and above & upto 899 days

8.80

9.30
900 days 9.00 9.50
901 days to less than 3 years 8.80 9.30
3 years and above & less than 5 years 8.80 9.30
5 years and above 

8.75

9.25

* 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 14.04.2015

8.75%

8.75%

Deposit

Interest Rate

Amount Payable on Maturity

Lakshmi Lakhpathy Recurring Deposits - w.e.f 14.04.2015 ;  Duration 84 months @ Rs.1000/- per month.

8.75%

 Rs.1,14,829/-

 

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 27.04.2015

1 year to less than 2 years

8.80%

2 years and above & upto 899 days

8.80%

900 days                                         9.00%
901 days to less than 3 years                                         8.80%

3 years - less than 5 years

8.80%

5 years - up to 10 years

8.75%

C. FCNR(B) --  RATE OF INTEREST with effect from 01.05.2015

 

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

2.47

2.83

4.13

4.38

4.58

GBP

2.69

2.99

4.21

4.39

4.53

EUR

2.07

2.09

3.15

3.21

3.29

AUD

4.10

4.12

5.21

5.43

5.55

CAD

3.02

3.07

4.18

4.30

 4.44 

CHF

1.32

1.41

2.51

2.64

2.77

SEK

1.83

1.94

3.10

3.27

3.44

JPY

2.16

2.16

3.18

3.21

3.26

SGD

3.09

3.33

4.57

4.79

4.96

      

 

D. RFC --  RATE OF INTEREST with effect from 01.05.2015    

 

D.RFC

 1 month to < 6 months

 6 months to < 1 year

 1 year

1. USD

 0.18

 0.41

 0.71

2.GBP

 0.51

 0.70

 0.99

3. EUR

 0.00

 0.06

 0.18

RFC SB

                                                           0.05


Interest rates on loans & advances – with effect from 14.04.2015

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: 13.35% p.a )

        3. Lakshmi Loan Against Properties(LLAP)

Base Rate + 2.25% (PER: 13.35% 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: 11.10% 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: 11.35% p.a.)

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

(PER:11.10% p.a.).

4.

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

Base Rate + Maximum spread (PER: 11.10+6.85 =17.95% 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: 14.10 % p.a.)

Above Rs.50,000 and up to Rs.2.00 lacs
:  Base Rate + 3.50% (PER: 14.60% p.a.)

Above Rs.2.00 lacs and up to Rs.20.00 lacs
:  Base Rate + 4% (PER: 15.10% p.a.)

Above Rs.20.00 lacs
:
Base Rate + 4.50% (PER: 15.60% p.a.)

2.

Short Term Crop Loans and Lakshmi Kisan Credit Card

Loan facilities:
Up to Rs.50,000
:  Base Rate + 1.50% (PER: 12.60% p.a.)

Above Rs.50,000 and up to Rs.2.00 lacs
:  Base Rate + 3.50% (PER: 14.60% p.a.)

Above Rs.2.00 lacs and up to Rs.20.00 lacs
:  Base Rate + 4% (PER: 15.10% p.a.)

3.

Jewel Deposit Loan (JDL-Agri.)

Irrespective of loan amount: At Base Rate (PER: 11.10% p.a.)

 

4.

Lakshmi Gold Power (Agri.)

Base Rate + 1% (PER: 12.10% p.a.)

        5. Lakshmi Commodity Power

For loans up to 50 lacs: At Base Rate (PER: 11.10% p.a.)

For loans above 50 lacs: 

Base Rate + 0.50% (PER: 11.60% p.a.)

Sector:  Export Credit:

Sl. No.

Loan facility/product

Interest Rate

1.

Pre-shipment Credit

Regular: Base Rate + 1.25% (PER:12.35% 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: 12.35% p.a.).

(ii) For the Balance period beyond sanctioned period: Interest rate as prescribed for ECNOS. i.e, 17.95% p.a

Beyond 360 days (Either Regular or Overdue): Interest rate as prescribed for ECNOS from the date of release of PCL. i.e.17.95% 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: 11.85% p.a.). Overdue:

(i) From the date of release up to 1

(ii) For the period exceeding 180 days – Interest Rate as prescribed for ECNOS. i.e., 17.95% p.a

80 days- Base Rate + 0.75% (PER: 11.85% p.a.)

3.

Export Credit against incentive receivables, etc.

Base Rate + 2.75% (PER:  13.85% p.a.)

4.

Deferred Credit

Base Rate + Maximum spread (PER: 11.10% + 6.85% =17.95% p.a.)

5.

Export credit not otherwise specified (ECNOS)

Overdue Pre-shipment Credit & PCLs

beyond 360 days
:  Base Rate + Maximum spread (PER: 11.10 + 6.85 = 17.95% p.a.)

Overdue Post-shipment Credit & Export Bills beyond180 days
: Base Rate + Maximum spread (PER: 11.10+6.85 =17.95% p.a.)

Sector:  Personal segment loans

Sl. No.

Loan facility/product

Interest Rate

1.

Lakshmi Home Loans – Variable rate loans

Irrespective of the tenor and amount:
Base Rate + 0.25% (PER: 11.35% p.a.) 

2.

Lakshmi Personal Vehicle Loans

Loans for purchase of New Cars / Vans & Jeeps:
BR+0.50% (PER: 11.60 % p.a.)

Loans for purchase of new Two-wheelers:
BR+3.00% (PER : 14.10 % p.a.)

Loans for purchase of used Cars / Vans / Jeeps:
BR+3.00% (PER: 14.10 % p.a.)

3.

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

Base Rate + Maximum spread (PER: 11.10 + 6.85 = 17.95% .p.a.)

4.

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

Base Rate + 3.75% (PER: 14.85% p.a.)

5.

Advances to individuals against shares & debentures

Base Rate + 3.75% (PER: 14.85% p.a.)

6.

IPO finance to individuals

Base Rate + 5.25% (PER: 16.35% p.a.)

7.

Vidya Lakshmi Loans – Boy Students

Up to Rs.4.00 lacs: Base Rate + 3.25% (PER: 14.35% p.a.)

Above Rs.4.00 lacs: Base Rate + 4.25% (PER: 15.35% p.a.)

8.

Vidya Lakshmi Loans – Girl Students

Up to Rs.4.00 lacs: Base Rate + 2.75% (PER: 13.85% p.a.)

Above Rs.4.00 lacs: Base Rate + 3.75% (PER: 14.85% p.a.)

9.

Jewel Deposit Loan (JDL - Non-Agri.)

Base Rate + 1.25% (PER: 12.35% p.a.)

10.

Lakshmi Gold Power (Non-Agri.)

Base Rate + 2.25% (PER: 13.35% 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: 11.10% + 6.85% =17.95% p.a.).

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

4.

Purchase of local clearing instruments

Base Rate + Maximum Spread (PER: 11.10%+6.85% =17.95% p.a.)

5.

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

Base Rate + Maximum Spread + 2.00% (PER: 11.10%+ 6.85% +2%=19.95%p.a.)

6.

Micro credit to SHGs

Base Rate + 4.00% (PER: 15.10% p.a.)

7.

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

Base Rate + 4.25% (PER: 15.35% p.a.)

8.

 

 

 

 

 

 

Lakshmi Rental Loan

 

 

 

 

 

 

(i) If the tenants are Corporates, MNCs, Banks, Insurance Companies, PSUs, Brand Retail:
Base Rate +1.25% (PER:12.35% p.a.)

(ii) If the tenants are Brand Franchises of MNCs/Top Corporates: Base Rate+2.25% (PER: 13.35% p.a.)

(iii) If the tenants are partnership firms/proprietorship/individuals: Base Rate+2.75% (PER:13.85% p.a.)

9.

Lakshmi Commercial Vehicle Loan

(a) For Route Buses: Base Rate + 0.75% (PER: 11.85% p.a.)

(b) For all other Commercial Vehicles & Construction
Equipment: Base Rate+ 1.25% (PER: 12.35% 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: 12.10% p.a.)

10.

Lakshmi Small Business Loan Base Rate+3.25% (PER: 14.35% p.a.)

11.

Term Loan to Real Estate Developers

Base Rate+5.00% (PER: 16.10%p.a.)

12.

Swarna Lakshmi Credit for Jewellers

Base Rate + 3.50% (PER: 14.60% p.a.)

13.

Advances to Rice Mills

WC credit facilities (other thanGoods loan & KCC limits): Base Rate + 1.25% (PER: 12.35% p.a.)

Goods loan & KCC limits: Base Rate + 1.25% (PER: 12.35% p.a.)

TL facilities: Base Rate + 1.75% (PER: 12.85% p.a.)

14.

Advances to Timber traders at selected centers

WC credit facilities below 25.00 lacs: Base Rate + 6.75% (PER: 17.85% p.a.)

WC credit facilities above 25.00 lacs: Base Rate + 5.75% (PER: 16.85% p.a.)

15.

Advances to Sago units at selected centers

Working Capital/Goods loan/Term Loan: Base Rate + 1.25% (PER: 12.35% p.a.)

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