A white polyester film for a liquid crystal display reflective plate realizes a high level of brightness when used in side light type liquid crystal displays and direct type liquid crystal displays. The white polyester film for a light reflective plate has a thickness of 200 μm or more, wherein, in at least one side (side A) of the white polyester film, M is M≦−0.0110 (%/nm) and R560≧100 (%) when the wavelength dependency of spectral reflectance at a wavelength of 450 to 600 nm is approximated according to the following approximation formula R: R=M×λ+B, in which R is an approximation formula by a least square method and represents a light reflectance (%), λ represents a wavelength of light (nm), M represents a wavelength coefficient (%/nm), B represents a constant (%), and R560 represents an estimated reflectance obtained by introducing λ=560 nm into the approximation formula R (%).