Hi Everyone! Today we are here with a post from Karur Vyasa Bank. With the recent update, most of the banks have increased their fixed deposit rates. Similarly, KVB has also increased its rates. So, this is a good time to invest. We have updated the latest interest rates. Let’s stay with us till the end of this Karur Vyasa Bank FD Rates post to know in detail.
Karur Vyasa Bank Fixed Deposit Interest Rates
KVB’s Fixed Deposit scheme provides you with the convenience of receiving interest at regular intervals (Half-yearly / Quarterly / Monthly) and is ideally suited for persons who depend on regular interest income.
Domestic Term Deposits (Card Rates)
| Time Bucket | Revised Rate (Less than Rs. 2 Crores) (w.e.f. 15.06.2023) | Annualised Interest Yield (per annum) |
|---|---|---|
| 7 Days to 14 days | 4.00% | 4.06% |
| 15 Days to 30 days | 4.00% | 4.06% |
| 31 Days to 45 days | 5.25% | 5.35% |
| 46 Days to 90 days | 5.25% | 5.35% |
| 91 Days to 120 days | 6.00% | 6.14% |
| 121 Days to 180 days | 6.00% | 6.14% |
| 181 Days to 270 days | 6.25% | 6.40% |
| 271 Days to less than 1 year | 6.50% | 6.66% |
| 1 Year to 443 days | 7.00% | 7.19% |
| 444 Days | 7.30% | 7.50% |
| 445 Days upto 2 years | 7.00% | 7.19% |
| Above 2 years upto 3 years | 7.00% | 7.19% |
| Above 3 years upto 5 years | 6.25% | 6.40% |
| Above 5 years upto 6 years | 6.25% | 6.40% |
| Above 6 years | 6.25% | 6.40% |
| For KVB – Tax Shield Deposits | 5.90% | 6.03% |
Kindly contact the nearest branch for deposits above Rs. 2 Crores.
Penal Interest on pre-closure of deposits:
- Up to Rs. 2 Crores of deposit – Penalty of 1% from applicable ROI.
- Above Rs. 2 Crores of deposit – Pre-closure Penalty norms applicable.
Interest will be calculated at the rate applicable for the period the deposit has actually remained with the bank. The rates are subject to change without notice.
Check all interest rates: KVB
Can I close it before maturity?
Yes, subject to penalty.
What is the minimum amount we can deposit?
Rs 100
Is a nomination facility available?
Yes
Can I get a loan with my deposits?
Yes
What are the minimum and maximum periods for which a FD can be done?
7 days to 10 years
Can I open FD online?
Yes, through net banking or mobile banking.
So, this is all about Karur Vyasa Bank FD Rates it.
Comment below if you have any questions.
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