Interest rates

Karur Vysya Bank Revises Interest Rates On FD: Check Latest Rates Here


Investment

oi-Vipul Das

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Karur Vysya Bank has revised the interest rates on its domestic term deposit system which will be applicable from 08.10.2021. This private sector bank allows term deposits with regular interest payment options, i.e. (Semi-Annual / Quarterly / Monthly) and with a maturity period ranging from 15 days to 10 years. Fixed deposit account at Karur Vysya bank can be opened by resident Indian individuals, HUFs, trusts, partnership companies, corporations, associations etc. with a minimum amount of Rs 100 with no upper limit. The bank’s term deposit system also allows nomination facility, loan against deposit facility, premature closing facility, etc. Now let’s see the latest interest rates on term deposits from said bank.

Karur Vysya Bank Fixed Deposit Interest Rate for Regular Customers

Karur Vysya Bank Fixed Deposit Interest Rate for Regular Customers

For deposit amount less than Rs 2 Cr, Karur Vysya Bank now promises the below mentioned rates on domestic deposits made by ordinary citizens.

Bucket of time Revised rate (less than Rs. 2 Crores) (wef 08.10.2021)
7 days to 14 days 3.25%
15 days to 30 days 3.25%
31 days to 45 days 3.25%
46 days to 90 days 3.25%
91 days to 120 days 3.50%
121 days to 180 days 3.75%
181 days to 270 days 4.00%
271 days to less than 1 year 4.25%
1 year to less than 2 years 5.15%
2 years to less than 3 years 5.25%
3 years to less than 5 years 5.25%
5 years and over 5.60%
KVB – Tax shield 5.75%
Source: Bank website
Karur Vysya Bank Fixed Deposit Interest Rate For Seniors

Karur Vysya Bank Fixed Deposit Interest Rate For Seniors

Seniors will continue to benefit from an additional interest rate of 0.50% on their deposits with a maturity of 1 year to less than 5 years. After the last adjustment made by the bank on the interest rates of fixed deposits, seniors will benefit from an interest rate of 5.65% on deposits with a maturity of 1 year to less than 2 years and ” an interest rate of 5.75% on deposits with a maturity of 2 years to less than 5 years.

Bucket of time Revised rate (wef 08.10.2021)
1 year to less than 2 years 5.65%
2 years to less than 3 years 5.75%
3 years to 5 years 5.75%
KVB – Tax Shield Deposits 5.75%
Source: Bank website
Karur Vysya Bank Flexi Term Deposits

Karur Vysya Bank Flexi Term Deposits

On Flexi term deposits, the bank has also revised the applicable interest rate. As of 08.10.2021, Karur Vysya Bank now promises an interest rate of 3.25% on Flexi term deposits with a maturity of 300 days. Under this deposit system, senior rates do not apply to the NRI and senior deposits up to Rs 3 Cr are allowed.

Bucket of time Revised rate (wef 08.10.2021)
300 days 3.25%

Article first published: Thursday, October 7, 2021, 2:06 PM [IST]