Karur Vysya Bank (KVB) Revises FD Rates, Get Up To 7.20% Return On 444 Days Tenure

Karur Vysya Bank, a private sector lender, has revised its interest rates on fixed deposits under Rs 2 crore. The bank's official website states that the higher interest rates will take effect on August 16, 2023. Following the modification, the bank is currently offering interest rates on deposits maturing in 7 days to more than 6 years that range from 4.00% to 6.25%. Following the modification, the bank promises a maximum interest rate of 7.20% for the general public and 7.70% for senior citizens on a deposit tenor of 444 days.

Karur Vysya Bank FD Rates

The bank is giving an interest rate of 4% on fixed deposits that mature in 7 days to 30 days, while KVB is offering an interest rate of 5.25% on deposits that mature in 31 days to 90 days. On deposits with a tenor of 91 days to 180 days, KVB is giving an interest rate of 6.00%, and on deposits with a tenor of 181 days to 270 days, 6.25%. Deposits that mature between 271 and 332 days from now will earn interest at a rate of 6.50%, while deposits that mature in 333 days from now will earn interest at a rate of 7.10%.

On FDs maturing in 334 days to less than 1 year, the bank will pay an interest rate of 6.50% and on those maturing in 1 Year to 443 days, KVB will pay an interest rate of 7.00%. Deposits maturing in 444 Days will pay an interest rate of 7.20% and those maturing in 445 Days upto 3 years will pay an interest rate of 7%. KVB will pay an interest rate of 6.25% on a deposit tenor of above 3 years upto 6 years while on 5 years tax savings FD, the bank will pay an interest rate of 5.90%.

Karur Vysya Bank FD Rates For Senior Citizens

The bank will impose a 7.50% interest rate on FDs maturing in 333 days, while it will pay senior citizens a 7.40% interest rate on FDs maturing in 1 year to 443 days. Karur Vysya Bank will pay interest at a rate of 7.70% for deposits held for 444 days and 7.40% for deposits held for 445 days or longer up to a maximum of 3 years. Senior citizens will get interest on deposits maturing after three years and up to ten years at a rate of 6.65%, while they will receive interest on tax-saving FDs maturing after five years at a rate of 5.90%.