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Lakshmi Vilas Bank has revised the term deposit rate for a time period of one year and above with effect from July 18.
The bank is at present offering 9.5 per cent for deposits with tenure of one and two years and 9.25 per cent for deposits between 2 and 10 years.
This is being revised to 9.3 per cent for deposits between one and ten years.
For deposits exceeding Rs 10 crore, the interest rate would be 0.15 per cent less than the card rate for all tenors with effect from July 18, the bank said in a release.
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