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Our Bureau

Coimbatore, Aug. 13 Lakshmi Vilas Bank has decided to effect an upward revision in its domestic deposit rates for various tenures from August 16.

While maintaining the existing rates for deposits with a maturity period of up to 180 days, the bank has decided to increase the rate by 25 bps to 8.75 per cent for deposits in the 181 to 270 days bracket and by 50 bps to 9 per cent for periods beyond 270 days up to 364 days.

The rate increase is only 25 bps for tenure up to 5 years at 10 per cent and would be up by 50 bps for period beyond 5 years.

More Stories on : Interest Rates | Private Banks

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