Lakshmi Vilas Bank has announced special deposit rates for the festive season and these new rates will be on offer from the 4th of November, 2010 to March 31, 2011.
A special interest rate of 7.5% will be offered for 333 days to the general public and senior citizens as against the existing rate of 6.5% for a deposit of up to 364 days.
The Bank will also offer a special interest rate of 8.25% per annum for 777 days to the general public as against the exiting rate of 8% for 2 years (730) days.
| Tenor | 333 days only | 777 days only |
| Minimum deposit amount | ||
| For general public | Rs.1000/- | Rs.1000/- |
| For senior citizen | Rs.5000/- | Rs.5000/- |
| Interest rate | ||
| - General Public | 7.50 % p.a. | 8.25 % p.a. |
|
- Senior Citizen | ||
There is no change in the interest rates of other Tenors.
About Lakshmi Vilas Bank:
Lakshmi Vilas Bank has a national presence serving over 1.64 million satisfied customers through its 274 plus branches, spread across 15 states and 1 union territory. The Bank has a network of over 181 ATMs.
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. The Bank also offers life insurance and general insurance products.
For further information log onto:
www.lvbank.com
