Interest Chart

Interest Rate

LAKSHMI VILAS BANK , Admin Office , Karur Rate at a quick glance Deposit Accounts

ACCOUNT NORMAL  SENIOR CITIZEN    RURAL  SEMI URBAN URBAN  METRO 1.Savings Bank A/c   A. Domestic Rate of Interest  Minimum Balance to be maintained   a. With cheque book facility 4% 4% 100 500 500 500 b. Without cheque book facility 4% 4% 100 500 500 500 c. No frills account 4% 4% 10 10 10 10 B.Non resident             a.NRO 4% 4%         b.NRE 4% 4%                       2.Term deposits    A.DOMESTIC   Rate of Interest with effect from 20/04/2012 Click here for Interest Calculator   Term deposits(All Maturities) NORMAL  SENIOR CITIZEN         15-29 Days 3.25% 3.25%         30-45 Days 3.75% 3.75%          46-90 days 6.00% 6.00%          91-180 days 8.00% 8.00%         181-270 days 8.25% 8.25%          271-364days 8.25%  8.25%          1year-less than 2 years 10.00% 10.25%          2years-less than 3 years 9.75% 10.25%          3 years- Up to 5 years 9.50% 10.00%          Above 5 years 9.00% 9.50%                  Deposit Regular Senior Citizen Lakshmi Tax Saver Deposits - w.e.f 11.02.2012 9.50% 9.75% Deposit Interest Rate Amount Payable on Maturity Lakshmi Lakhpathy Recurring Deposits - w.e.f 09.05.11 ;  Duration 84 months @ Rs.1000/- per month. 9.00% Rs. 1,15,901/-       B.Non-Resident accounts   a.NRO(All maturities)   -->  Same as Domestic   b.NRE(All Maturities) with effect from 11.02.2012   1 year to below 2 years 10.00%           2 years to below 3 years 9.75%           3 years & above 7.00%                         C. FCNR(B) --  RATE OF INTEREST with effect from 01.04.2012     1year &above but<2years 2years&above but<3 years 3year &above but<4years 4year &above but<5years For 5 years(Maximum)   C.FCNR(B)             1. USD 2.30 1.85 2.00 2.23 2.49   2.GBP 3.11 2.50 2.57 2.72 2.87   3.EUR 2.63 2.35 2.48 2.65 2.85   4.CAD  3.17 2.64   2.78  2.93 3.07    5.AUD 6.21 5.48 5.51  5.70  5.79    6.CHF 1.64 1.49 1.55 1.65 1.78   7.SGD  No Quote   8.SEK 4.11 3.39 3.46 3.53 3.62   9.JPY 1.80 1.61 1.65 1.68 1.75            D. RFC --  RATE OF INTEREST with effect from 01.04.2012          1 month to < 6 months  6 months to < 1 year  1 year       D.RFC             1. USD  0.24  0.70  0.36       2.GBP  0.73  1.35  1.02       3. EUR  1.05  1.86  1.38       RFC SB US DOLLARS - 0.05%   Interest rates on loans & advances – with effect from 01.08.2011 Facility/product-wise interest rates under the Base Rate system Sector:  Industry, Trade & Services Sl. No. Loan facility/product Interest Rate 1. WC credit facilities & Term Loan  credit facilities Base Rate + product - specific operating costs + Credit Risk & Tenor Risk Premia 2. Advances under Lakshmi Business Credit  (LBC) scheme Base Rate + 2.00% to 2.50%  (PER: 13.00% p.a. to 13.50% p.a ) Sector:  Bill Advances Sl. No. Loan facility/product Interest Rate 1. Bills Purchased Documentary (BPD), Bills Purchased (Supply Bills) & (Drawee Bills) & UBD (Clean)   Base Rate + product - specific operating costs + Credit Risk & Tenor Risk Premia 2. Sight Bills Purchased under LCs – BP (Ag. LC) At Base Rate (PER: 11.00% p.a.) 3. Usance Bills Discounted under LCs  - UBD (Ag.LC) Usance period: Up to 90 days:  Base Rate + 1.00% (PER: 12.00% p.a.) 91 to 180 days:  Base Rate + 1.50% (PER: 12.50% p.a.) 4. Bills Purchased (Clean) – BPC:  Interest to be charged on returned cheques Base Rate + 7.35% (PER: 18.35% p.a.) Sector:  Agriculture Sl. No. Loan facility/product Interest Rate 1. Agri. Cash Credit & Agri. Term Loans (excluding Short Term Crop Loans and Lakshmi Kisan Credit Card) Loan facilities: Up to Rs.50,000:  Base Rate + 3% (PER: 14.00 % p.a.) Above Rs.50,000 and up to Rs.2.00 lacs:  Base Rate + 3.50% (PER: 14.50% p.a.) Above Rs.2.00 lacs and up to Rs.20.00 lacs:  Base Rate + 4% (PER: 15.00% p.a.) Above Rs.20.00 lacs: Base Rate + 4.50% (PER: 15.50% p.a.) 2. Short Term Crop Loans and Lakshmi Kisan Credit Card Loan facilities: Up to Rs.50,000:  Base Rate + 1.50% (PER: 12.50% p.a.) Above Rs.50,000 and up to Rs.2.00 lacs:  Base Rate + 3.50% (PER: 14.50% p.a.) Above Rs.2.00 lacs and up to Rs.20.00 lacs:  Base Rate + 4% (PER: 15.00% p.a.) 3. Jewel Deposit Loan (JDL-Agri.) Base Rate (PER: 11.00% p.a.) 4. Lakshmi Gold Power (Agri.) Base Rate + 1% (PER: 12.00% p.a.) Sector:  Export Credit: Sl. No. Loan facility/product Interest Rate 1. Pre-shipment Credit Up to 270 days: Base Rate + 2.75% (PER: 13.75% p.a.) 271 to 360 days: Base Rate + 6.75% (PER: 17.75% p.a.) 2. Post- shipment Credit Sight bills &Usance bills up to 180 days: Base Rate + 2.75% (PER: 13.75% p.a.) 3. Export Credit against incentive receivables, etc. Base Rate + 2.75% (PER:  13.75% p.a.) 4. Deferred Credit Beyond 90 days:  Base Rate + 7.35% (PER: 18.35% p.a.) 5. Export credit not otherwise specified (ECNOS) Overdue Pre-shipment Credit & PCLs beyond 360 days:  Base Rate + 7.35% (PER: 18.35% p.a.) Overdue Post-shipment Credit & Export Bills up to 180 days: Base Rate + 2.75% (PER: 13.75% p.a.) Overdue Post-shipment Credit & Export Bills beyond 180 days: Base Rate + 7.35% (PER: 18.35% p.a.) Sector:  Personal segment loans Sl. No. Loan facility/product Interest Rate 1. Lakshmi Home Loans – Variable rate loans Loans of up to Rs.30.00 lacs: Loans repayable in 5 years: Base Rate + 1.50% (PER: 12.50% p.a.) Loans repayable in 5 to 20 years: Base Rate + 1.75% (PER:  12.75% p.a.) Loans of above Rs.30.00 lacs: Loans repayable in 5 years: Base Rate + 1.75% (PER: 12.75% p.a.) Loans repayable in 5 to 20 years: Base Rate + 2% (PER: 13.00% p.a.) 2. Lakshmi Personal Vehicle Loans New vehicles: Base Rate + 2.00% (PER: 13.00% p.a.) Used 4-wheelers: Base Rate + 4.50% (PER: 15.50% p.a.) 3. Advances to individuals against corporate debt instruments and units of approved mutual funds Base Rate + 7.35% (PER: 18.35% p.a.) 4. Lakshmi Easy Loan (OD/DL against govt. securities) Base Rate + 3.75% (PER: 14.75% p.a.) 5. Advances to individuals against shares & debentures Base Rate + 7.35% (PER: 18.35% p.a.) 6. IPO finance to individuals Base Rate + 5.25% (PER: 16.25% p.a.) 7. Vidya Lakshmi Loans – Boy Students Up to Rs.4.00 lacs: Base Rate + 6.25% (PER: 17.25% p.a.) Above Rs.4.00 lacs: Base Rate + 7.25% (PER: 18.25% p.a.) 8. Vidya Lakshmi Loans – Girl Students Up to Rs.4.00 lacs: Base Rate + 5.75% (PER: 16.75% p.a.) Above Rs.4.00 lacs: Base Rate + 6.75% (PER: 17.75% p.a.) 9. Jewel Deposit Loan (JDL - Non-Agri.) Base Rate + 3.50% (PER: 14.50% p.a.) 10. Lakshmi Gold Power (Non-Agri.) Base Rate + 4.00% (PER: 15.00% p.a.) Sector:  Others Sl. No. Loan facility/product Interest Rate 1. Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to depositors against own deposits For loan amounts up to 75% of the deposit amount: 1% over the interest rate paid on the relative deposit. For loan amounts above 75% & up to 90% of the deposit amount: An additional interest rate of 1% will be chargeable for the amount of the loan drawn in excess of 75% of the deposit amount.   2. Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to borrowers other than depositors against third-party deposits Base Rate + applicable spread/customer specific charges or 2% over the interest rate paid on the relative deposit, whichever is higher. 3. Drawals against un-cleared effects Base Rate + 7.35% (PER: 18.35% p.a.) 4. Purchase of local clearing instruments Base Rate + 7.35% (PER: 18.35% p.a.) 5. Overdues by way of devolved LCs (LCBR) and invoked LGs Base Rate + 7.35% + 2% (PER: 20.35% p.a.)  6. Micro credit to SHGs Base Rate + 4% (PER: 15.00% p.a.) 7. Loan facilities under Govt. sponsored schemes, SGSY, PMEGP and SJSRY Base Rate + 4.25% (PER: 15.25% p.a.) 8. Lakshmi Rental Loan to individuals Base Rate + 4.50% (PER: 15.50% p.a.) 9 Lakshmi Rental Loan to firms/corporates Base Rate + product - specific operating costs + Credit Risk & Tenor Risk Premia 10. Advances to Rice Mills at selected centers WC credit facilities (other than Goods loan & KCC limits): Base Rate + 2.25% (PER: 13.25% p.a.) Goods loan & KCC limits: Base Rate + 2.75% (PER: 13.75% p.a.) TL facilities:  Base Rate + 2.75% (PER: 13.75% p.a.) 11. Advances to Timber traders at selected centers WC credit facilities below Rs.25.00 lacs: Base Rate + 6.75% (PER: 17.75% p.a.) WC credit facilities above Rs.25.00 lacs: Base Rate + 5.75% (PER: 16.75% p.a.) 12. Advances to Sago units at selected centers WC credit facilities (other than Goods loan & KCC limits): Base Rate + 3.75% (PER: 14.75% p.a.) Goods loan & KCC limits: Base Rate + 3.50% (PER: 14.50% p.a.) TL facilities:  Base Rate + 4% (PER: 15.00% p.a.)