Lakshmi Vilas Bank raises interest rates on domestic term deposits

Lakshmi Vilas Bank has raised interest rates on domestic term deposits w.e.f. 01.06.2011, for fresh and renewals. The bank has significantly increased the interest rates for the tenure from 1 year to less than 2 years. Please find appended the details for your kind perusal.
 

Period	Existing Rates % per Annum		Revised From 01.06.2011 % Per Annum
	Regular	Senior Citizen	Regular	Senior Citizen
15-29 days	3.25	3.25	3.25	3.25
30-45 days	3.75	3.75	3.75	3.75
46-90 days	6.00	6.00	6.00	6.00
91-180 days	9.00	9.00	9.00	9.00
181-270 days	9.25	9.25	9.25	9.25
271-364 days	9.30	9.30	9.30	9.30
1Year-less than 2 Years	10.10	10.25	10.50	10.75
2Years-lessthan 3 Years	9.75	10.50	9.75	10.50
3 Years- Up to 5 Years	9.50	10.25	9.50	10.25
Above 5 years	9.00	9.75	9.00	9.75

About Lakshmi Vilas Bank:
Lakshmi Vilas Bank has a national presence with over 1.70 million accounts through its 274 branches, spread across 15 states and 1 union territory.  The Bank has a network of over 205 ATMs. The Bank's focus is on safe banking and consistent quality support to businesses. 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.

Bank has a robust technology platform and had recently launched IMPS (Interbank Mobile Payment Service) in association with National Payments Corporation of India. We are one of the top 10 Banks in the country and the first private sector Bank in South India to launch IMPS (Interbank Mobile Payment Service).