Lakshmi Vilas Bank revises interest rates

Chennai, Nov 20 (UNI) Lakshmi Vilas Bank today announced an upward revision in interest rates for its domestic term deposits, both short and medium term.

The new interest rates would come into effect from tomorrow.

A bank release here said the new rates would applicable to fresh deposits and renewals.

''The revision is made for one year to less than two years category,'' it said.

The rates have been revised from 10.5 per cent to 11 per cent per annum for regular citizens and from 11 per cent to 11.5 per cent per annum for senior citizens, it added.

UNI GV DS 1856