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