Lakshmi Vilas Bank revises term deposit interest rates

CHENNAI: Private sector Lakshmi Vilas Bank has revised its interest rates for term deposits that will be effective from May 9.

The existing interest rates for 15-29 and 30-45 days period has not been raised from the present 3.25 and 3.75 per cent, respectively for both regular and senior citizens.

However, for term deposits with maturity period of 46-90 days, the interest rates have been revised from 4.25 per cent to six per cent, Lakshmi Vilas Bank said in a statement.

Source: EconomicTimes