Lakshmi Vilas Bank FD Calculator

The Lakshmi Vilas Bank, based in Chennai, is no longer an independent entity as of November 27th, 2020. It has merged with DBS Bank India Limited and is now part of their broader banking system. The Fixed Deposit rates of DBS Bank are now applicable to Lakshmi Vilas Bank Fixed Deposits.

If you're considering opening an FD account with Lakshmi Vilas Bank, you can easily check the maturity amount using the online Lakshmi Vilas Bank FD calculator.

Deposit Amount

₹

Rate of Interest (p.a)

0 15

Deposit Period

FD Maturity Date	:
Deposit Amount	: ₹10,000
Interest Amount	: ₹666
Total Amount at Maturity	: ₹10666

Invested Amount Interest Amount

Lakshmi Vilas Bank Fixed Deposit Calculator Online

With the user-friendly Lakshmi Vilas FD Calculator, effortlessly plan your finances. Just feed your deposit amount, duration, and interest rate, and instantly discover your potential earnings. This simple tool makes decision-making easy by giving accurate estimates of the maturity amount and interest earned.

How to Use the Lakshmi Vilas Bank FD Calculator?

Using the Lakshmi Vilas Bank FD calculator for financial planning is simple. Here's a quick guide on making the most of this tool.

Step 1: Navigate to our LVB FD Calculator above.
Step 2: Enter your principal amount, chosen tenure (in months and days), and the relevant interest rate.
Step 3: Instantly view results as the calculator reveals the maturity amount and interest earned.
Step 4: Explore various principal and tenure combinations to align with your financial goals.

Lakshmi Vilas Bank FD Interest Rate

Different interest rates are available from Lakshmi Vilas Bank for domestic Fixed Deposits (FDs) with deposits under INR 2 crore. These rates are dependent on how long the FD is in effect; they range from 2.50% to 7.50% annually, covering periods from 7 days to more than 5 years. Check LVB FD rates from below.

FD Tenure	Interest Rate (% p.a.)
7 days	2.50%
8 days & up to 14 days	2.75%
15 days & up to 29 days	4.00%
30 days & up to 45 days	4.50%
46 days & up to 60 days	4.50%
61 days	5.00%
62 days & up to 90 days	5.00%
91 to 180 days	5.00%
181 to 269 days	6.00%
270 to less than 1 year	6.00%
1 year to 375 days	7.00%
376 days to 540 days	7.50%
376 days to 540 days	7.50%
541 days to 599 days	7.25%
600 days	7.25%
601 days to less than 2 years	7.25%
2 years to less than 2 years & 6 months	7.00%
2 years & 6 months	7.00%
2 years 6 months 1 day & less than 3 years	7.00%
3 years and less than 4 years	6.50%
4 years to less than 5 years	6.50%
5 years and above	6.50%

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Note: These rates are indicative and subject to change. Always check with the bank for the most up-to-date information before making any investment decisions.
*Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

How is Fixed Deposit Interest Calculated?

Understanding the calculation of fixed deposit interest, including tenure, interest rate, and principal, is essential for maximizing earnings from financial institutions.

FD interest can be calculated in two ways:

1. Simple interest FD:

M = P + (P x r x t/100)

In the given context:

P represents the principal amount you deposit.
r is the rate of interest per annum.
t is the tenure in years.

Example:

Let’s consider a deposit sum of Rs. 10,000 for 2 years at 7.00% interest,

The maturity amount with simple interest will be:

M = 10,000 + (10,000 x 0.07 x 2/100)

M = 10,014 approximately

Note: the example provided is only for reference.

2. Compound Interest FD:

A = P (1+r/n) ^ (n * t)

Where,

A stands for the maturity amount.
P stands for the principal amount.
r is the interest rate.
n indicates the number of compounding periods in a year.
t signifies the number of years.

Example:

Let’s consider a deposit sum of Rs. 10,000 for 2 years at 7% interest compounded quarterly, the equation reads –

A= 10,000 (1+(0.07/4) ^ (4 * 2)

A= 11,488.82 approximately

Note: the example provided is only for reference.

How Can FD Calculator Help You?

An FD calculator is a valuable tool for financial planning.

It accurately projects the maturity amount based on factors like principal, interest rate, and tenure.
It considers important factors such as compounding frequency and tenure.
The calculator can also be used for scenario-based planning, providing instant results for different scenarios.
It is useful for calculating the maturity amount for varying principal amounts, interest rates, and tenures.

Advantages of Using FD Calculator

An FD (Fixed Deposit) calculator can be a valuable tool in several ways:

Project Your Earnings: Discover how much money your fixed deposit can grow into.
Save Time and Hassle: Get precise results swiftly without dealing with complex calculations.
Tailor Your Strategy: Customize your plan by adjusting key factors like the initial amount, interest rate, and duration.
Select the Optimal Choice: Effortlessly compare different fixed deposit options to choose the one that suits you best.
Understand Potential Risks: Gain insights into possible challenges linked to various investment choices.
Set Achievable Goals: Determine realistic financial targets and plan your investments accordingly.
Empower Your Financial Planning: Utilize the tool to make informed decisions and enhance your overall financial strategy.