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I want to know the current Base Rate and the Interest Rate in Lakshmi Vilas Bank so can you please tell me?

[Vishal Kotkar]

Ok, I am telling you the current Base Rate and the Interest Rate in Lakshmi Vilas Bank.

Lakshmi Vilas Bank Interest Rate 2017

Revised Population Category Of Branches / Offices Effective April 01, 2017

Modification In Minimum Balance Of Savings Accounts & Revision Of Minimum Balance Calculation Methodology, Effective January 01, 2017

Revised Product wise AQB to be maintained:

Savings Account Product Product Code AQB
Metro Urban Semi Urban Rural
SB Others 301 3000 3000 2000 500
Senior Citizen Savings Account 320 3000 3000 2000 500
NRE Savings Account 311 5000 5000 5000 5000
NRO Savings Account 312 5000 5000 5000 5000

Revision of minimum balance calculation methodology for SB accounts

The stipulated minimum balance is to be maintained during the calender quarter, instead of monthly. i.e. henceforth Average Quartely Mimimum Balance (AQB) would be considered instead of Average Monthly Minimum Balance (AMMB)

Bank’s MCLR effective from 01.05.2017 is as follows for different maturities:

Sl. No. MCLR Rate of Interest (%) P.A
1. Overnight MCLR 9.40
2. One Month MCLR 9.45
3. Three Month MCLR 9.50
4. Six Month MCLR 9.60
5. One Year MCLR 9.70




For more details here is the attachment