KATHMANDU: Laxmi Bank Ltd (LBL) is rewarding serious savers with interest rate of up to 10 per cent per annum on the ‘Lakshit Muddati’ — recurring deposit scheme. The bank has increased rates on all recurrent deposit schemes that vary from one year to five years, as per a press release. Laxmi Bank savings accountholders can open recurring deposit accounts from all 78 branches and with the flexibility to choose their preferred monthly amount and date to save. Customers can also choose to receive the interest at maturity or quarterly directly in their savings account. The entire process is automated, which makes this scheme an excellent choice for the serious savers, the release adds.