Karur Vysya Bank hikes charges on mounted deposit tenors of 31 days to 10 years
Karur Vysya Bank, a non-public sector lender, raised the rates of interest on mounted deposits beneath ₹2 crore. The new rates of interest are in impact as of 01.09.2022, in line with the financial institution’s official web site. After the adjustment, the financial institution elevated rates of interest on mounted deposits with maturities starting from 31 days to six years and above.
Karur Vysya Bank FD Rates
The financial institution will proceed to offer an rate of interest of 4.00% on mounted deposits maturing in 7 days to 30 days, however it has elevated the rate of interest from 4% to five.25% on mounted deposits maturing in 31 days to 45 days. On mounted deposits with maturities starting from 46 to 90 days, Karur Vysya Bank elevated the rate of interest from 4.25% to five.25%. Fixed deposits with maturities between 91 and 120 days will now earn curiosity at 5.25% (previously 4.5%), whereas time period deposits with maturities between 121 and 180 days will now earn curiosity at 5.50% (beforehand 4.5%).
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Karur Vysya Bank FD Rates (kvb.co.in)
On mounted deposits maturing in 181 days to 270 days, Karur Vysya Bank will now supply an rate of interest of 5.75%, up from 5%, whereas on mounted deposits maturing in 271 days to lower than a yr, the financial institution will now assure an rate of interest of 5.90%, up from 5.25%. Fixed deposits with maturities between one and two years will now earn an rate of interest of 6.10%, up from the earlier price of 5.75%, whereas time period deposits with maturities between two and three years will now earn an rate of interest of 6.10%, up from the earlier price of 5.85%. The financial institution elevated the rate of interest on mounted deposits maturing in three to 6 years or extra from 6% to six.10%.
The financial institution will proceed to offer an rate of interest of 5.90% on KVB – Tax Shield, which is a tax-saver mounted deposit scheme of 5 years.
Karur Vysya Bank FD Rates For Senior Citizens
The financial institution will now give senior residents an rate of interest of 6.50% on mounted deposits with maturities of 1 yr to lower than two years, up from the earlier price of 6.25%. On deposits maturing in 2 years to lower than 3 years, the financial institution is now paying senior residents an rate of interest of 6.50%, up from 6.35% beforehand. Fixed deposits with maturities of three years to lower than 5 years will now earn an rate of interest of 6.60%, up from 6.50% for senior residents, whereas time period deposits with maturities of 5 years to 10 years will now earn an rate of interest of 6.60%, up from 6.50% for senior residents. On KVB – Tax Shield Deposits, senior residents will proceed to get an rate of interest of 5.90%.
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Karur Vysya Bank FD Rates For Senior Citizens (kvb.co.in)
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