"LVB Revises interest Rate for Domestic Term Deposits"
Lakshmi Vilas Bank has revised the interest rates for domestic term deposits with effect from 01.10.2009, for fresh and renewals. For the senior citizen additional interest rate of 0.75% is applicable for the maturity period of 1 year and above.
Tweet-- Lakshmi Vilas Bank has revised the interest rates for domestic term deposits with effect from 01.10.2009, for fresh and renewals. For the senior citizen additional interest rate of 0.75% is applicable for the maturity period of 1 year and above.
The existing deposit interest rates and revised interest rates are given below.
Maturity Period
Existing Rates % per Annum
From 01.10.2009 % per Annum
Regular
Senior Citizen
Regular
Senior Citizen
15-29 days
3.50
3.50
3.50
3.50
30-45 days
4.00
4.00
4.00
4.00
46-90 days
4.50
4.50
4.50
4.50
91-180 days
5.50
5.50
5.50
5.50
181-270 days
6.00
6.00
6.00
6.00
271-364 days
6.50
6.50
6.50
6.50
1Year-less than 2 Years
7.50
8.25
7.00
7.75
2 Years-less than 3Years
8.00
8.75
7.75
8.50
3 Years-less than 5 Years
8.25
9.00
8.25
9.00
5 Years & above
8.25
9.00
8.25
9.00