APN News

  • Tuesday, September, 2020| Today's Market | Current Time: 11:00:20
  • Lakshmi Vilas Bank to raise domestic term deposits rates

    Published on July 29, 2010

    Lakshmi Vilas Bank has raised the interest rates on domestic term deposits from 181 days onwards to up to 2 years with effect from the 2nd of August, 2010.

    • The term deposit rate for 181-270 days has been raised by 50 basis points to 6.25% from 5.75% currently.

    • For deposits of 271-364 days the rate has been raised to 6.50% from 6.25%.

    • For the period ranging from 1 year to less than 2 years the rate has been raised from 7.25% to 7.50%.

    For the senior citizen additional interest rate of 0.75% is applicable for the maturity period of 1 year and above.

    About Lakshmi Vilas Bank

    Lakshmi Vilas Bank is a leading, fast-growing private sector bank in India, with an over 8 decades old lineage. The Bank caters to the need of both consumer and corporate clients and has a robust technology platform supporting multi–channel delivery capabilities. The Bank enjoys the patronage of several lakh customers across India through a network of 271 branches and over 168 ATMs spread over 14 states and 1 union territory.

    The Bank’s focus is on delivering customer delight by maintaining the highest standards of service. As a full service bank, Lakshmi Vilas Bank has a wide product portfolio such as business credit, SME credit facilities, NRI Services, home loans, rental loans, education loans and online banking. It offers a wide array of mutual fund products from 10 asset management