Lakshmi Vilas Bank lowers interest rates for domestic term deposits

Deposits with a maturity period of 91-180 days has been brought down from 8.25% to 8.10%

Lakshmi Vilas Bank has revised interest rates on some of its domestic term deposits downward. The revison is applicable with effect from April 14, 2015.

For the domestic term deposits with a maturity period of 91-180 days has been brought down from 8.25 per cent to 8.10 per cent, both for regular customers and senior citizen.

The interest rate for term deposits from two years and above and less than three years has been reduced from 8.90 per cent to 8.80 per cent for regular customers and from 9.40 per cent to 9.30 per cent for senior citizens. For term deposits, for a periof of three years and above and less than five years, the rate has been reduced from 8.90 per cent to 8.80 per cent for regular customers and from 9.40 per cent to 9.30 per cent.