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This Private Sector Bank Modifies Interest Rates Multiple Deposits: Details Inside
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
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 amount | Rs. 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 |
|---|---|---|---|---|
| Tenor | Premature Withdrawal Allowed | Premature Withdrawal Not Allowed | Premature Withdrawal Allowed | Premature Withdrawal Not Allowed |
| 7 Days to 14 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 15 Days to 30 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 31 Days to 45 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 46 Days to 90 Days | 2.75% | 2.75% | 2.75% | 2.75% |
| 91 Days to 180 Days | 3.25% | 3.25% | 3.25% | 3.25% |
| 181 Days to 270 Days | 3.50% | 3.75% | 3.50% | 3.75% |
| 271 Days to < 1 Year | 3.50% | 3.75% | 3.50% | 3.75% |
| 1 Year to < 2 Years | 4.00% | 4.25% | 4.00% | 4.25% |
| 2 Years to < 3 Years | 4.00% | 4.25% | 4.00% | 4.25% |
| 3 Years to 5 Years | 4.00% | 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 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 amount | Rs. 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 |
|---|---|---|---|---|
| Tenor | Premature Withdrawal Allowed | Premature Withdrawal Not Allowed | Premature Withdrawal Allowed | Premature Withdrawal Not Allowed |
| 7 Days to 14 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 15 Days to 30 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 31 Days to 45 Days | 2.50% | 2.50% | 2.50% | 2.50% |
| 46 Days to 90 Days | 2.75% | 2.75% | 2.75% | 2.75% |
| 91 Days to 180 Days | 3.25% | 3.25% | 3.25% | 3.25% |
| 181 Days to 270 Days | 3.50% | 3.75% | 3.50% | 3.75% |
| 271 Days to < 1 Year | 3.50% | 3.75% | 3.50% | 3.75% |
| 1 Year to < 2 Years | 4.00% | 4.25% | 4.00% | 4.25% |
| 2 Years to < 3 Years | 4.00% | 4.25% | 4.00% | 4.25% |
| 3 Years to 5 Years | 4.00% | 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
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.
| Tenor | Regular |
|---|---|
| 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 above | 5.60% |
| KVB - Tax Shield | 5.75% |
| Tenor | Senior Citizen |
| 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. (W.e.f. 08.10.2021) |
