Lakshmi-Vilas-Bank Personal-NRI Premium-Banking

Interest Rate

 

Lakshmi Vilas Bank is now a part of DBS Bank India limited. DBS is a leading financial services group in Asia and is present across 18 countries. With its extensive network of operations in Asia, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021. DBS has been in India since 1994 and our India operations were converted into a wholly owned subsidiary (DBS Bank India Limited) in March 2019 to expand our franchise and build greater scale. We were also ranked No 1 in India by Forbes in its 2020 list of the World’s Best Banks

Rate at a quick glance

Deposit Accounts - Domestic Savings Bank Interest Rate Calculation effective 14.02.2022

Savings Interest Rate will be calculated and paid out on Incremental balances in the respective slabs given below, and not on the entire balance

For balances Rate of Interest
Upto Rs.1 Lakh 3.25%
Above Rs.1 Lakh and Upto Rs.2 Lakhs 3.50%
Above Rs.2 Lakh and Upto Rs.5 Lakhs 4.00%
Above Rs.5 Lakhs and Upto Rs.10 Lakhs 3.00%
Above Rs.10 Lakhs and Upto Rs.20 Lakhs 3.00%
Above Rs.20 Lakhs and Upto Rs.50 Lakhs 3.00%
Above Rs.50 Lakhs and Upto Rs.5 Crores 3.00%
Above Rs.5 Crores 3.75%
 

Deposit Accounts - NRE & NRO Savings Bank Interest Rate Calculation effective 03.01.2022 :

Savings Interest Rate will be calculated and paid out on Incremental balances in the respective slabs given below, and not on the entire balance

For balances Rate of Interest
Upto Rs.1 Lakh 3.25%
Above Rs.1 Lakh and Upto Rs.5 Lakhs 3.50%
Above Rs.5 Lakhs 3.00%
 

Note:

  • Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
  • Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
  • Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
  • For Basic Savings Bank Deposit Account, above domestic rates would apply.

Illustration :

If the balance in the savings account is 5 Crores 60 Lakhs, then the Savings Account Interest will be calculated as follows:

Savings Interest Calculation Rates Applied as per the below Slab
Up to Rs 1 Lakh: 3.25% up to Rs 1 lakh 3.25%
Rs 1 lakh - Rs 2 lakhs: 3.50% Above Rs 1 lakh and up to Rs.2 Lakhs 3.50%
Rs 2 lakhs - Rs 5 lakhs: 4.00% Above Rs.2 Lakhs and Upto Rs.5 Lakhs 4.00%
Rs 5 lakhs - Rs 10 lakhs: 3.00% Above Rs 5 lakhs and up to Rs.10 lakhs 3.00%
Rs 10 lakhs - Rs 20 lakhs: 3.00% Above Rs 10 lakhs and up to Rs.20 lakhs 3.00%
Rs.20 lakhs – Rs.50 lakhs: 3.00% Above Rs.20 lakhs and up to Rs.50 Lakhs 3.00%
Rs.50 lakhs – Rs.5 Crores: 3.00% Above Rs.50 lakhs and up to Rs.5 Crores 3.00%
Remaining Rs.60 lakhs: 3.75%

Above Rs.5 Crores

3.75%
 

A.DOMESTIC

Interest rate applicable for deposit below Rs.2 Crs with effect from 09.06.2022

Please note that the existing fixed deposit/s with will continue at the interest rates, at which they were originally booked, till the next maturity date.


Card Rates (% Per Annum)

Maturity Period

Regular

Senior Citizen
(Not applicable for NRO)

7 Days 4.50 4.50
8 Days - 14 Days 2.75 2.75
15 Days - 29 Days 2.75 2.75
30 Days - 45 Days 2.75 2.75
46 Days - 60 Days 2.75 2.75
61 Days - 90 Days 3.00 3.00
91 Days - 180 Days 3.00 3.00
181 Days - 269 Days 3.25 3.75
270 Days - less than one Year 3.75 4.25
1 Year - 375 Days 5.30 5.80
376 Days - 540 Days 5.50 6.00
541 Days - 729 Days 5.50 6.00
730 Days 5.60 6.10
731 Days - less than 30 Months 5.60 6.10
30 Months 5.80 6.30
30 Months + 1 Day - less than 36 Months 5.80 6.30
36 Months - less than 48 Months 6.00 6.50
48 Months - less than 60 Months 6.00 6.50
60 Months - 10 Years 6.00 6.50
 

* Senior citizen interest rate benefits is not applicable for NRO and NRE deposits.

Click here to know more for Deposit Policy Details

Deposit Regular Senior Citizen
Lakshmi Tax Saver Deposits - w.e.f 09-06-2022 6.00% 6.50%
 
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 14.02.2022
365 days to 375 days 4.50%
376 days to less than 2 years 3.15%
2 years to less than 2 years 6 months 3.35%
2 years 6 months 3.35%
2 years 6 months 1 day to less than 3 years 3.35%
3 years to less than 4 years 4.35%
4 years to less than 5 years 4.35%
5 years to 10 years 4.35%

 

C. FCNR(B)-- RATE OF INTEREST with effect from 01.07.2022
C.FCNR(B) 1 Year < 2 Years  2 Years < 3 Years 3 Years < 4 Years 4 Years < 5 Years 5 Years
USD 0.01 0.01 0.01 0.01 0.01
GBP 0.01 0.01 0.01 0.01 0.01
AUD 0.01 0.01 0.01 0.01 0.01
CAD 0.01 0.01 0.01 0.01 0.01
SGD 0.01 0.01 0.01 0.01 0.01
D. RFC-- RATE OF INTEREST with effect from 01.12.2020
D.RFC 1 month to < 6 months 6 months to <1 year 1 year RFC SB
1. USD 0.15 0.26 0.33 0.05
2. GBP 0.04 0.06 0.13 0.05
 

Lending Rates

External Benchmark Rate Based Interest Rates linked to Repo Rate (RR) . Repo Rate as on 08.06.2022 is 4.90%  

 

Bank’s MCLR effective from 07.06.2022 is as follows for different maturities:

Sr.No. MCLR Rate of Interest (%) P.A
1. Overnight MCLR 6.85
2. One Month MCLR 6.85
3. Three Month MCLR 7.25
4. Six Month MCLR 7.55
5. One Year MCLR 7.65
6. Two Year MCLR 8.25
 

Facility/product-wise Spread under the MCLR System Sector: Industry, Trade & Services

Sr.No. Loan facility/product Interest Rate
1.

WC credit facilities & Term Loan credit facilities - Other than Micro and Small Enterprises

One year MCLR + Business Strategy spread +Credit Risk Premia. (Depending upon the Credit Rating of the Borrower)

WC credit facilities & Term Loan credit facilities - For Micro and Small Enterprises RBI Repo Rate + Operating Expenses + Business Strategy Spread + Credit Risk Premia (Depending upon the Credit Rating of the Borrower)
2. Advances under Lakshmi Business Credit (LBC) scheme - Other than Micro, Small and Medium Enterprises (a)For loans up to Rs.100.00 lacs:

One year MCLR + 0.95%

(b)For loans above Rs.100.00 lacs:

One year MCLR+0.70%
Advances under Lakshmi Business Credit (LBC) scheme - For Micro and Small Enterprises (a)For loans up to Rs.100.00 lacs:

Repo Rate + Operating Expenses + 3.20% 

(b)For loans above Rs.100.00 lacs:

Repo Rate + Operating Expenses +2.95% 
3. Lakshmi Business Term Loan - Other than Micro, Small and Medium Enterprises (a)For loans up to Rs.100.00 lacs:

One year MCLR + 1.20%

(b)For loans above Rs.100.00 lacs:

One year MCLR+0.95%
Lakshmi Business Term Loan - For Micro and Small Enterprises (a)For loans up to Rs.100.00 lacs:

Repo Rate + Operating Expenses +3.45% 

(b)For loans above Rs.100.00 lacs:

Repo Rate + Operating Expenses +3.20% 
4. Advances to Micro Enterprises (Manufacturing & Services)

I. Exposure less than or equal to Rs.5Crores: (WC & TL)
Refer to Table No.1 (Click Here)

II. Exposure more than Rs.5Crores:
Refer to Table No.2 (Click Here)

Advances to Small Enterprises (Manufacturing & Services)

I. Exposure less than or equal to Rs.5Crores: (WC & TL)

(i) Working Capital:
Refer to Table No.3 (Click Here)

(Ii) Term Loan:
Refer to Table No.4 (Click Here)

II. Exposure more than Rs.5Crores:

(i) Working Capital:
Refer to Table No.5 (Click Here)

(ii) Term Loan:
Refer to Table No.6 (Click Here)

5. Lakshmi Loan Against Properties (LLAP) One year MCLR+1.75%
 

Sector: Bill Advances

Sr.No. Loan facility/product Interest Rate
1.

Bills Purchased Documentary (BPD), Bills Purchased (Supply Bills) & (Drawee Bills) & UBD (Clean) - Other than Micro and Small Enterprises

Bills Purchased Documentary (BPD), Bills Purchased (Supply Bills) & (Drawee Bills) & UBD (Clean) - For Micro and Small Enterprises

MCLR + Business Strategy Spread + Credit Risk Premia. (Depending upon the Credit Rating of the Borrower & usance period)

RBI Repo Rate + Operating Expenses + Business Strategy Spread + Credit Risk Premia. (Depending upon the Credit Rating of the Borrower & usance Period)

2.

Sight Bills Purchased under LCs – BP (Ag. LC) - Other than Micro and Small Enterprises

Sight Bills Purchased under LCs – BP (Ag. LC) - For Micro and Small Enterprises

At one month MCLR

Repo Rate + Operating Expenses +1.50% 

3.

Usance Bills Discounted under LCs - UBD (Ag.LC) - Other than Micro and Small Enterprises

Up to 90 days - 3 months MCLR + 0.05

91 days to 180 days - 3 months MCLR + 0.25

Usance Bills Discounted under LCs - UBD (Ag.LC) - For Micro and Small Enterprises Up to 90 days - Repo Rate + Operating Expenses +1.60% 

91 days to 180 days - Repo Rate + Operating Expenses +1.80% 
4. Bills Purchased (Clean) – BPC: Interest to be charged on returned cheques - Other than Micro and Small Enterprises One month MCLR+5.10%
Bills Purchased (Clean) – BPC: Interest to be charged on returned cheques - For Micro and Small Enterprises Repo Rate + Operating Expenses +6.60% 
 

Sector: Agriculture

Sr.No. Category of Agricultural Advances Interest Rate
1 Lakshmi Kissan Credit Card (LKCC)
(Includes Crop Loan & Term Loan Components) Agricultural Cash Credit (ACC), Agri. Crop Loans (ACL) (Short- term & long-term crop loans) Agri. Term Loans (ATL) (Medium & long term loans repayable in monthly/quarterly/ half –yearly/annual installments)
Up to Rs. 2.00 lac RBI Repo Rate (4.90%) + Spread
Above Rs. 2.00 lac to Rs. 50.00 lacs RBI Repo Rate (4.90%) + Spread
Above Rs. 50 lacs RBI Repo Rate (4.90%) + Spread
2 Direct Goods Loans/WHRs Loans (To Farmers & Firms/Corporates engaged in Agri. & Allied Activities & Lakshmi Commodity Power (LCP ) Scheme - Other than Micro and Small Enterprises For Agri. Goods loan. Product Codes:727,728 & 729)
RBI Repo Rate (4.90%) + Spread
For Agri. Product Code: 731,732,733 & 735:
RBI Repo Rate (4.90%) + Spread

For Non - Agri. Product Code- 734
RBI Repo Rate (4.90%) + Spread
3 Jewel Deposit Loan (JDL) Scheme & Lakshmi Gold Power (LGP ) Scheme
JDL (Agri.) Maximum of 25 no. of loans per borrower) & LGP (Agri.)- (Maximum Rs. 20 lacs per borrower)

JDL (Agri.): (for all slabs)

RBI’s Policy Repo Rate + Operating Expenses + Spread (2.30%) 

LGP (Agri.):

RBI’s Policy Repo Rate + Operating Expenses  + Spread (2.30%) 

4 Loans for construction of storage facilities (Warehouses, market yards, godowns, cold storage to store agriculture produce/ products irrespective of their location) (Agri.) Up to an aggregate sanctioned limit of Rs. 100 crores per borrower One year MCLR + 1.30%
5 Loans to Micro Finance Institutions (MFIs)
(For on-lending to Farmers/SHGs/JLGs/ engaged in Agriculture & Allied activities) - Other than Micro and Small Enterprises
Irrespective of the loan amount One year MCLR+ 1.30%
6 Loans to SHGs/ JLGs (Directly engaged in Agriculture and Allied Activities) Irrespective of the loan amount One year MCLR+1.10%
 

Sector: Export Credit

Sr.No. Loan facility/product Interest Rate
1. Pre-shipment Credit (Maximum up to 360 days) - Other than to Micro and Small Enterprises Regular: At one year MCLR+0.10
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: At one year MCLR+0.10%

((ii) For the Balance period beyond sanctioned period:

One year MCLR+5.10%

Beyond 360 days (Either Regular or Overdue): Interest rate as prescribed for ECNOS from the date of release of PCL: One year MCLR+ 5.10%
Pre-shipment Credit (Maximum up to 360 days) - For Micro and Small Enterprises

Regular: Repo Rate + Operating Expenses +1.85%

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: Repo Rate + Operating Expenses +1.85% 

(ii) For the Balance period beyond sanctioned period:

Repo Rate + Operating Expenses +6.85% 

Beyond 360 days (Either Regular or Overdue): Interest rate as prescribed for ECNOS from the date of release of PCL: Repo Rate + Operating Expenses +6.85% 

2. Post- shipment Credit - Other than to Micro and Small Enterprises  Regular- Up to the maximum period prescribed by FED (Presently, the maximum period is 9 months) for realization of export proceeds: At one year MCLR+0.10%
Overdue:
(i) From the date of release up to 180 days- At one year MCLR+0.10%
(ii) For the period exceeding 180 days- Interest Rate as prescribed for ECNOS. One year MCLR+ 5.10%
Post- shipment Credit - For Micro and Small Enterprises  Regular- Up to the maximum period prescribed by FED (Presently, the maximum period is 9 months) for realization of export proceeds: Repo Rate + Operating Expenses +1.85% 
Overdue:
((i) From the date of release up to 180 days- Repo Rate + Operating Expenses +1.85% 
(ii) For the period exceeding 180 days- Interest Rate as prescribed for ECNOS. Repo Rate + Operating Expenses +6.85% 
3. Export Credit against incentive receivables, etc. - Other than to Micro and Small Enterprises  One year MCLR+2.85%
Export Credit against incentive receivables, etc. - For Micro and Small Enterprises  Repo Rate + Operating Expenses +4.60% 
4. Deferred Credit - Other than to Micro and Small Enterprises One year MCLR + 5.10%
Deferred Credit - For Micro and Small Enterprises Repo Rate + Operating Expenses +6.85% 
5. Export credit not otherwise specified (ECNOS) - Other than to Micro and Small Enterprises Overdue Pre-shipment Credit & PCLs beyond 360 days: One year MCLR+ 5.10%
Overdue Post-shipment Credit & Export Bills beyond 180 days: One year MCLR+ 5.10%
Export credit not otherwise specified (ECNOS) - For Micro and Small Enterprises Overdue Pre-shipment Credit & PCLs beyond 360 days: Repo Rate + Operating Expenses +6.85% 
Overdue Post-shipment Credit & Export Bills beyond 180 days: Repo Rate + Operating Expenses +6.85% 
 

Sector: Personal segment loans

Sr.No. Loan facility/product Interest Rate
1. Lakshmi Home Loans RBI Repo Rate (4.90%) + Spread 
2. LHL-OD RBI Repo Rate (4.90%) + Spread
3. LHL-Top Up RBI Repo Rate (4.90%) + Spread 
4. Lakshmi Personal Vehicle Loans Loans for purchase of New Cars/Vans/Jeeps: RBI Repo Rate (4.90%) + Spread 
Loans for purchase of used Cars/Vans/Jeeps: RBI Repo Rate (4.90%) + Spread 
Loans for purchase of new Two-wheelers: RBI Repo Rate (4.90%) + Spread 
5. Lakshmi Loan Against Properties (LLAP) - for individuals Repo Rate + Operating Expenses + 3.50% 
6. Advances to individuals against corporate debt instruments and units of approved mutual funds Repo Rate + Operating Expenses + 6.85% 
7. Vidya Lakshmi Loans – Boy Students

For loan covered under CGS Scheme: (Upto Rs.7.50 Lacs)

RBI Repo Rate (4.90%) + Spread 

RBI Repo Rate (4.90%) + Spread 
8. Vidya Lakshmi Loans – Girl Students

For loan covered under CGS Scheme: (Upto Rs.7.50 Lacs)
RBI Repo Rate (4.90%) + Spread 

RBI Repo Rate (4.90%) + Spread 
9. Jewel Deposit Loan (JDL) - (Non-Agri.) & Lakshmi Gold Power (LGP) Scheme (Non-Agri.) - For Individuals JDL (Non Agri.) - Maximum 50 Loans - & LGP (Non Agri) (Maximum per borrower Rs.30Lacs)
Repo Rate + Operating Expenses + 3.55% 
10. Lakshmi Rental Loan (LRL) - Individuals (i) If the tenants are Corporates, MNCs, Banks, Insurance Companies, PSUs, Brand Retail: Repo Rate + Operating Expenses + 2.85% 
(ii) If the tenants are Brand Franchises of MNCs/Top Corporates: Repo Rate + Operating Expenses + 3.35% 
(iii) If the tenants are partnership firms/ proprietorship/ individuals: Repo Rate + Operating Expenses + 3.85% 
 

Sector: Others

Sr.No. Loan facility/product Interest Rate
1. Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to depositors against own deposits Up to 90% of Deposit Amount: 1.00% over Deposit Interest Rate.
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 MCLR whichever is higher.
3. Drawals against un-cleared effects - Other than to Micro and Small Enterprises (i) In Current Account: 1 month MCLR+ 5.10%
(ii) In CC/OD Account: Applicable Rate +2%.
Drawals against un-cleared effects - For Micro and Small Enterprises (i) In Current Account: Repo Rate + Operating Expenses +6.60% 
(ii) In CC/OD Account: Applicable Rate +2%.
4. Purchase of local clearing instruments - Other than to Micro and Small Enterprises Overnight MCLR+5.10%
Purchase of local clearing instruments - For Micro and Small Enterprises Repo Rate + Operating Expenses +6.60% 
5. Loan facilities under Govt. sponsored schemes, SGSY, PMEGP and SJSRY One year MCLR+2.10%
Loan facilities under Govt. sponsored schemes, NRLM (SGSY), PMEGP and NULM (SJSRY) – Which qualify for classification under Micro and Small Enterprises sector Repo Rate + Operating Expenses + 3.85% 
6. Loans under Stand-Up India Scheme The above prescribed exclusive interest rates for the loans to MSME will be applicable to Stand-Up India loans.
Loans under Stand-Up India Scheme – Which qualify for classification under Micro and Small Enterprises The above prescribed exclusive interest rates for the loans to MSE will be applicable to Stand-Up India loans.
7. MUDRA Loans under PMMY Scheme – Which qualify for classification under Micro and Small Enterprises RBI Repo Rate (4.90%) + Spread 
8. Lakshmi Rental Loan - Other than for individuals (i) If the tenants are Corporates, MNCs, Banks, Insurance Companies, PSUs, Brand Retail: One year MCLR +1.10%

(ii) If the tenants are Brand Franchises of MNCs/Top Corporates: One year MCLR+ 1.60%

(iii) If the tenants are partnership firms/ proprietorship/ individuals: One year MCLR+2.10%
9. Lakshmi Commercial Vehicle Loan - Other than for Individuals and MSE Units (a) For Route Buses: RBI Repo Rate (4.90%) + Spread

(b) For all other Commercial Vehicles & Construction Equipment: RBI Repo Rate (4.90%) + Spread

(c) LCVL in tie-up arrangements with manufacturers/Dealers:
RBI Repo Rate (4.90%) + Spread
Lakshmi Commercial Vehicle Loan - Which qualify for classification under Micro and Small Enterprises sector or given to individuals

(a) For Route Buses: RBI Repo Rate (4.90%) + Spread 

(b) For all other Commercial Vehicles & Construction Equipment: RBI Repo Rate (4.90%) + Spread 

(c) LCVL in tie-up arrangements with manufacturers/Dealers:
RBI Repo Rate (4.90%) + Spread 

10. Lakshmi Small Business Loan - Other than to Micro and small Enterprises  One year MCLR+3.35%
Lakshmi Small Business Loan - Which qualify for classification under Micro and Small Enterprises Repo Rate + Operating Expenses + 5.10% 
11. Term Loan to Real Estate Developers One year MCLR+5.10%
12. Swarna Lakshmi Credit for Jewelers One year MCLR+3.10%
Swarna Lakshmi Credit for Jewelers  - Which qualify for classification under Micro and Small Enterprises Repo Rate + Operating Expenses + 4.85% 
13. Advances to Food and Agro-Based Processing Units (Advances to Rice Mills, Sago units,
Oil Mills, Dall Mills, Flour Mills, Meat & Fish processing units, Fruits & Vegetables processing units, Dairy products units, Grain Mill products units, Starch & Starch units, Animal feed units, etc.)
– Other than to Micro and Small Enterprises
Working Capital/Term Loan: One year MCLR+0.10%
Advances to Food and Agro-Based Processing Units (Advances to Rice Mills, Sago units,
Oil Mills, Dall Mills, Flour Mills, Meat & Fish processing units, Fruits & Vegetables processing units,
Dairy products units, Grain Mill products units, Starch & Starch units, Animal feed units and etc.)
– Which qualify for classification under Micro and Small Enterprises
Working Capital/Term Loans:
Repo Rate + Operating Expenses + 1.85% 
14. Chit Term Loan (Short Term Loan for creation of Chit Deposit) 3 months MCLR + 5.10%
15. TOD in Current Accounts / LC Devolved/LG Invoked – Other than to Micro and Small Enterprises Units One month MCLR + Maximum Business Strategy Spread(1.85%) + Credit Risk Premia (5.00%) +2%
TOD in Current Accounts / LC Devolved/LG Invoked – in the case of Micro and Small Enterprises Repo Rate + Operating Expenses + 10.35% 
16. Direct Goods Loans/WHRs Loans [To all types of commodities & Lakshmi Commodity Power (LCP) Scheme] – For Micro and Small Enterprises For Goods loan:
Repo Rate + Operating Expenses + 2.10% 

Lakshmi Commodity Power (LCP):
For Non-Agri. Product Code- 734:

Repo Rate + Operating Expenses +3.10% 
17. Loans to Micro Finance Institutions (MFIs) For on-lending to Micro and Small Enterprises -
(Irrespective of the loan amount)
Repo Rate + Operating Expenses +3.05%
 

 

Interest Rate range of contracted loans for the quarter ended 31.03.2022 - Click here to view

Annual Percentage Rate (APR) on Retail loans to Individual Borrowers - Click here to view