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This Private Sector Bank Modifies Interest Rates Multiple Deposits: Details Inside

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Karur Vysya Bank, a private sector lender, has changed its interest rates on multiple bulk deposits. The new rates are effective as of December 24, 2021, and applicable to single bulk deposits of more than Rs 2 crore to Rs 25 crore and above, according to the bank. However, the bank's interest rates on deposits of less than Rs 2 crore have remained unaltered.

 

Karur Vysya Bank Interest Rates On Deposits of Rs 2 Cr to < Rs. 10 Cr

Karur Vysya Bank Interest Rates On Deposits of Rs 2 Cr to < Rs. 10 Cr

The bank is currently providing the following interest rates on deposits of Rs. 2 Cr. to Rs. 5 Cr. and Rs. 5 Cr. to Rs. 10 Cr. maturing in 7 days to 5 years.

Deposit amountRs. 2 Cr. to < Rs. 5 Cr. Rs. 2 Cr. to < Rs. 5 Cr.Rs. 5 Cr. to < Rs. 10 CrRs. 5 Cr. to < Rs. 10 Cr
TenorPremature Withdrawal AllowedPremature Withdrawal Not AllowedPremature Withdrawal AllowedPremature Withdrawal Not Allowed
7 Days to 14 Days2.50%2.50%2.50%2.50%
15 Days to 30 Days2.50%2.50%2.50%2.50%
31 Days to 45 Days2.50%2.50%2.50%2.50%
46 Days to 90 Days2.75%2.75%2.75%2.75%
91 Days to 180 Days3.25%3.25%3.25%3.25%
181 Days to 270 Days3.50%3.75%3.50%3.75%
271 Days to < 1 Year3.50%3.75%3.50%3.75%
1 Year to < 2 Years4.00%4.25%4.00%4.25%
2 Years to < 3 Years4.00%4.25%4.00%4.25%
3 Years to 5 Years4.00%4.25%4.00%4.25%
Source: Bank Website. (W.e.f. 24.12.2021)

Karur Vysya Bank Interest Rates On Deposits of Rs. 10 Cr to Rs. 25 Cr & Above
 

Karur Vysya Bank Interest Rates On Deposits of Rs. 10 Cr to Rs. 25 Cr & Above

Karur Vysya Bank is now offering the following interest rates on deposits ranging from Rs. 10 crore to Rs. 25 crore and above with maturities ranging from 7 days to 5 years.

Deposit amountRs. 2 Cr. to < Rs. 5 Cr. Rs. 2 Cr. to < Rs. 5 Cr.Rs. 5 Cr. to < Rs. 10 Cr Rs. 5 Cr. to < Rs. 10 Cr
TenorPremature Withdrawal AllowedPremature Withdrawal Not AllowedPremature Withdrawal AllowedPremature Withdrawal Not Allowed
7 Days to 14 Days2.50%2.50%2.50%2.50%
15 Days to 30 Days2.50%2.50%2.50%2.50%
31 Days to 45 Days2.50%2.50%2.50%2.50%
46 Days to 90 Days2.75%2.75%2.75%2.75%
91 Days to 180 Days3.25%3.25%3.25%3.25%
181 Days to 270 Days3.50%3.75%3.50%3.75%
271 Days to < 1 Year3.50%3.75%3.50%3.75%
1 Year to < 2 Years4.00%4.25%4.00%4.25%
2 Years to < 3 Years4.00%4.25%4.00%4.25%
3 Years to 5 Years4.00%4.25%4.00%4.25%
Source: Bank Website. (W.e.f. 24.12.2021)

Karur Vysya Bank Interest Rates On Resident / NRO Deposits of Less Than Rs 2 Cr

Karur Vysya Bank Interest Rates On Resident / NRO Deposits of Less Than Rs 2 Cr

On deposits of less than Rs 2 Cr maturing in 7 days to 5 years and above, the bank is now offering an interest rate of 3.25% - 5.75% to the general public and 5.65% - 5.75% to senior citizens. The bank is now offering the following interest rates per annum on single term deposits of up to Rs 2 Cr.

TenorRegular
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%
TenorSenior Citizen
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. (W.e.f. 08.10.2021)

Story first published: Saturday, December 25, 2021, 12:23 [IST]
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