The RD scheme offered by Lakshmi Vilas Bank is very popular mainly due to the high rates of interest offered on the Rd schemes. The Recurring Deposit schemes offered by Lakshmi Vilas Bank helps the customers to save and invest in a smart way simultaneously. This scheme helps people in earning large amounts of money by depositing as low as 100 rupees per month in the Recurring Deposit accounts. The tenure for Lakshmi Vilas Bank ranges from 1-10 years with attractive rates of interest. The RD schemes also offer loan and nomination facility.
|Maturity Period||Interest Rate (%)||NRE rates (%)|
|1 year to 10 years||7||7|
Short-term RD offered by the Lakshmi Vilas Bank is available for tenure ranging 1-2 years. An interest rate of 7.7% per annum on Lakshmi Vilas Bank short-term RD schemes
Lakshmi Vilas Bank Medium and Long-Term Recurring Deposit Interest Rates
Medium and long-term Lakshmi Vilas Bank deposits are applicable for tenures of 2-5 years and 5-10 years. The rates of interest applicable to these deposits are as follows:
NRI customers can also avail the benefits of high interest rates of Lakshmi Vilas Bank to open an RD account.
For a tenure of 1-2 years and 2-5 years, Lakshmi Vilas Bank offers interest rates of 7.7% and 7.5% per annum. Long-term deposits made for 5-10 years attract an interest rate of 7.8% per annum.