Lakshmi Vilas Bank 2024 Interest Rate For FD- The DBS Bank India Limited now provides Lakshmi Vilas Bank’s services. The DBS Bank India Limited is well-known for the high quality of its services, which have earned it a number of awards. Fixed deposits and online banking services are two of the many products and services that Lakshmi Vilas Bank provides to its clients. A savings account for an FD can be opened in person at the bank or through the official website of Lakshmi Vilas Bank. Customers can benefit from investment benefits and fixed interest rates with a fixed deposit.
You can figure out how much interest your money will earn if you keep it in a fixed deposit at Lakshmi Vilas Bank using the online Lakshmi Vilas Bank FD calculator. This will provide information about the investment, including the principal amount at maturity after interest has been compounded daily, monthly, quarterly, semiannually, or annually. The online calculators at Good returns can help you figure out how your fixed deposit earns interest and how much you will get back at the end of the time period you choose.
Lakshmi Vilas Bank 2024 Interest Rate For FD
The majority of people use fixed deposits, which allow them to earn interest on a predetermined amount of money deposited over a predetermined time period. Numerous banks and Non-Banking Financial Companies (NBFCs) offer fixed deposits to customers. Fixed deposit tenures typically range from seven days to ten years or more in some cases. The money deposited during this time period earns interest and is returned to the individual at the end of the term. A financial instrument with guaranteed returns is this one.
The Lakshmi Vilas Bank fixed deposit account lets you deposit the amount you want for a period of time that typically ranges from 15 days to ten years. A deposit into a Lakshmi Vilas account must be at least Rs. 100. On fixed deposits, the bank offers interest rates that are competitive. The applicable tax on interest earned on the fixed deposit will be deducted.
Lakshmi Vilas Bank 2024 Interest Rate For FD Details
| Bank Name | Lakshmi Vilas Bank |
| Article Name | Lakshmi Vilas Bank Interest Rate For FD |
| Category | Trending |
| Official Website | Click Here |
About Lakshmi Vilas Bank
The Lakshmi Vilas Bank fixed deposit gives its customers the chance to put their money in a safe financial instrument that will grow at a consistent rate for a predetermined amount of time. The bank specifies the duration of these fixed deposits in advance to accommodate your financial obligations and requirements.
Lakshmi Vilas Bank has a strong presence in various parts of the country, with branches in major cities including Chennai, Kolkata, and Mumbai. The bank has a large team of experienced professionals who are dedicated to providing quality service to its customers. In addition, Lakshmi Vilas Bank offers a wide range of products and services including personal loans, credit cards, insurance, investment products, and more. With a strong brand identity and robust network of branches and advisors, Lakshmi Vilas Bank is a leading institution for financial services in India.
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Lakshmi Vilas Bank Fixed Deposit Schemes
The Lakshmi Vilas Bank, also known as LSB, is a state-owned bank based in the nation’s capital, Delhi. It offers a number of fixed deposit schemes for individuals and financial institutions. The bank’s deposit schemes include the Regular Deposits, Advance Deposits, Weekly Saver, Daily Saver, and Quarterly Saver funds. Each of these deposit schemes has its own set of investment guidelines and features. For example, the Regular Deposits scheme allows individuals to make regular deposits into the bank with intervals specified by the bank.
Dhanachakra Deposit
By investing in the Dhanachakra Deposit scheme, you can now accelerate the growth of your investments and easily meet your future financial obligations, such as paying for your children’s higher education, their marriage, or the celebration of festivals, among other things. As a result of the facility’s automatic compounding of interest over time, you will receive higher returns.
Features of the Dhanachakra Deposit Scheme
- The deposit period can last anywhere from one year to ten years.
- The maximum investment amount is unlimited, and the minimum investment amount is Rs 100/-.
- You can deposit as an individual, as a joint deposit, or as a deposit in the name of minors.
- The facility for nomination comes along with the loan facility.
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Lakshmi Tax Saver Deposit
Lakshmi Tax Saver Deposit offers several distinctive features which are customer friendly and considered to be an attractive form of investment.
Features of the Lakshmi Tax Saver Deposit Scheme
- The fixed deposit has a five-year term. The minimum deposit is 100 rupees, and the maximum deposit is 1,50,000 rupees. Individuals or groups can open deposit accounts.
- However, only the initial deposit holder is eligible to benefit from the act’s section 80 C income tax deduction.
- The interest on a fixed deposit is due on maturity, and it can be paid monthly, quarterly, half-yearly, or yearly at a stretch or cumulative deposit.
- Under Section 80 C, the tax benefit is available up to a maximum of 1,50,000/-, and there is also a nomination facility.
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Lakshmi Vilas Bank Fixed Deposit Rates
| Tenure | Interest Rates for General Public (p.a) | Interest Rates for Senior Citizens (p.a) |
| 7 days | 2.50% | 2.50% |
| 8 days & up to 14 days | 2.75% | 2.75% |
| 15 days & up to 29 days | 2.75% | 2.75% |
| 30 days & up to 45 days | 2.75% | 2.75% |
| 46 days & up to 60 days | 2.75% | 2.75% |
| 61 days | 3.25% | 3.25% |
| 62 days & up to 90 days | 3.00% | 3.00% |
| 91 to 180 days | 3.00% | 3.00% |
| 181 to 269 days | 4.75% | 5.25% |
| 270 to less than 1 year | 4.75% | 5.25% |
| 1 year to 375 days | 6.25% | 6.75% |
| 376 days to 540 days | 7.25% | 7.75% |
| 541 days to 599 days | 7.25% | 7.75% |
| 600 days | 7.25% | 7.75% |
| 601 days to less than 2 years | 6.50% | 7.00% |
| 2 years & 6 months | 6.50% | 7.00% |
| 2 years 6 months 1 day & less than 3 years | 6.50% | 7.00% |
| 3 years and less than 4 years | 6.50% | 7.00% |
| 4 years to less than 5 years | 6.50% | 7.00% |
| 5 years and above | 6.50% | 7.00% |
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Lakshmi Vilas Bank Fixed Deposit Interest Rate Calculator
The Lakshmi Vilas Bank Fixed Deposit calculator is a user-friendly and hassle-free tool for quickly calculating the maturity amount and interest earned and due at policy termination. You can determine the appropriate FD amount by entering some fundamental information. An investor can use the FD Calculator to determine the rates for fixed deposits by following these steps.
The interest rate for a fixed deposit (FD) is the annual percentage yield or profit that the bank promises to pay on a particular amount of money invested in the account. The interest rate depends on a number of factors, such as the term of the deposit, the maturity date, and the Bank’s risk-assessment model. In general, higher interest rates are offered by high-quality banks with lower risks.
How to Calculate Lakshmi Vilas Bank Fixed Deposit Interest?
To figure out how much interest has been paid on your Lakshmi Vilas Bank FD, you can use online resources. You can quickly calculate the interest you’ve earned on a number of different websites. The calculator will do the hard math for you and show you a breakdown of the interest earned and the maturity amount after you enter the FD amount, tenure, and interest rate. The calculator will provide you with immediate and precise results after you enter as many combinations as you like.
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