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

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Karur Vysya Bank has revised interest rates on its domestic term deposit scheme which will be applicable from 08.10.2021. This private sector bank allows fixed deposits with regular interest payout options i.e. (Half-yearly / Quarterly / Monthly) and with a maturity tenure ranging from 15 days to 10 years. A fixed deposit account at Karur Vysya Bank can be opened by resident Indian individuals, HUF, Trusts, Partnership firms, Companies, Associations, etc with a minimum amount of Rs 100 with no upper limit. The term deposit scheme of the bank also allows nomination facility, loan against deposit facility, premature close facility, and so on. Now let's check out the latest interest rates on fixed deposits of the said bank.

 

Karur Vysya Bank Fixed Deposit Interest Rates For Regular Customers

Karur Vysya Bank Fixed Deposit Interest Rates For Regular Customers

For a deposit amount of less than Rs 2 Cr, Karur Vysya Bank is now promising the below-mentioned rates on domestic deposits made by regular citizens.

Time BucketRevised Rate (Less than Rs. 2 Crores) (w.e.f. 08.10.2021)
7 Days to 14 days3.25%
15 Days to 30 days3.25%
31 Days to 45 days3.25%
46 Days to 90 days3.25%
91 Days to 120 Days3.50%
121 Days to 180 Days3.75%
181 Days to 270 days4.00%
271 Days to less than 1 year4.25%
1 year to less than 2 years5.15%
2 years to less than 3 years5.25%
3 years to less than 5 years5.25%
5 years and above5.60%
KVB - Tax Shield5.75%
Source: Bank Website

Karur Vysya Bank Fixed Deposit Interest Rates For Senior Citizens
 

Karur Vysya Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of interest of 0.50% on their deposits maturing in 1 year to less than 5 years. After the most recent adjustment made by the bank on fixed deposit interest rates, senior citizens will get an interest rate of 5.65% on deposits maturing in 1 year to less than 2 years and a 5.75% interest rate on deposits maturing in 2 years to less than 5 years.

Time BucketRevised Rate (w.e.f. 08.10.2021)
1 year to less than 2 years5.65%
2 years to less than 3 years5.75%
3 years to 5 years5.75%
KVB - Tax Shield Deposits5.75%
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. With effect from 08.10.2021 Karur Vysya Bank is now promising an interest rate of 3.25% on Flexi term deposits maturing in 300 days. Under this deposit scheme, senior Citizen rates are not applicable to NRI and Senior Citizen deposits of up to Rs 3 Cr are allowed.

Time BucketRevised Rate (w.e.f. 08.10.2021)
300 days3.25%

Story first published: Thursday, October 7, 2021, 14:06 [IST]
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