The Laxmi Vilas Bank is one of the oldest private sector banks which was found in 1926 in Tamil Nadu. It gets incorporated under the Indian Companies Act, 1913 and gets the status of scheduled commercial bank in august 1958 by the Reserve Bank of India. And from then it is offering number of banking and financial services to its customers with dedication. It has spread its branches to various part of the country and currently it has around 249 branches spread across 14 states. The bank also has 6 extension counters and 3 satellite branches. The bank is planning to raise its business to about 265 crore through right issue of 1:1 and 100 crore through tier-II bonds.
The Laxmi Vilas Bank always thinks to provide satisfaction and high class financial services to its customers. The bank provides many short term and long term financial support. It has different loan schemes to provide financial support to the various segment of the society. You can dream of your own home by taking home loan. It also offers car loan, Swarna Abarana loan, home comfort loan, multi purpose loan, start-up professional loan etc. The bank provides loans at very affordable rate of interest and gives you good period of time for the repayment. It offers insurance policies that benefit for your housing, automobiles, health and other lifestyles needs. Some of the insurance policies and schemes offered by the bank are Pension Plus service, Easy life plus plan, secure life plan, Life bond premium insurance plan etc.
The bank fulfills the needs of the customers in a very convenient and professional manner. The farmers also get benefits with the Lakshmi Kisan credit card and short term credit for the purchase of farming equipments. By these help, farmers are now living good life. The bank comes with high quality services and offers different credit services through its Lakshmi Vilas Bank credit card schemes. It is useful for all the customers.
The Laxmi Vilas Bank provides services to Non Resident Indians also. There are numbers of facilities and services which a NRI can get benefited such as RFC Deposit services, NRE Deposit services and FCNR Deposit services. The bank is using all the effort to make their customers happy with their work and dedication.