Karur Vysya Bank Revises FD Rates, Promising Up To 7.30% Effective From Today

The private sector lender Karur Vysya Bank (KVB) has revised its interest rates on fixed deposits of less than Rs 2 Cr. 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% to 6.25%. The bank is now giving a maximum interest rate of 7.30% on a deposit tenor of 444 days. According to the Karur Vysya Bank (KVB) website, the new FD rates are in effect as of today, on June 15, 2023.

Karur Vysya Bank FD Rates

On fixed deposits maturing in 7 Days to 30 days, the bank is now offering an interest rate of 4.00% and on those maturing in 31 Days to 90 days, Karur Vysya Bank (KVB) is offering an interest rate of 5.25%. Karur Vysya Bank (KVB) is offering an interest rate of 6.00% on a deposit tenor of 91 Days to 180 days and an interest rate of 6.25% on a deposit tenor of 181 Days to 270 days. Deposits maturing in 271 Days to less than 1 year will fetch an interest rate of 6.50% and on those maturing in 1 Year to 443 days will fetch an interest rate of 7.00%.

The bank is giving a maximum interest rate of 7.30% on fixed deposits that mature in 444 days, and Karur Vysya Bank (KVB) would pay a rate of 7.00% on deposits maturing in 445 days up to three years. On deposits with tenors of more than three years and up to six years, Karur Vysya Bank (KVB) will pay an interest rate of 6.25%, while customers who hold KVB-Tax Shield Deposits for five years will get an interest rate of 5.90%.

Senior citizens will get an interest rate of 7.40% on deposits maturing in 1 year to 443 days and 7.80% on deposits maturing in 444 days. Karur Vysya Bank (KVB) would provide elderly people an interest rate of 7.40% on deposits that mature within the next 445 days up to 3 years, and an interest rate of 6.65 up to 10 years. Elderly individuals will get an interest rate of 5.90% on KVB - Tax Shield Deposits.

Meanwhile, UCO Bank has trimmed its interest rate on a one-year tenor by 25 basis points as a result of the modification made on 12.06.2023. Currently, UCO Bank is providing interest rates on fixed deposits with maturities ranging from 7 days to 10 years between 2.90% and 6.10%. A maximum interest rate of 7.05% is available to customers for a 444-day term.