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KVB Fixed Deposit Interest Rates 2024

The document outlines interest rates for domestic term deposits at Karur Vysya Bank for different time periods, as well as rates for senior citizens deposits. Interest rates for term deposits range from 10.5% for 7 days to 30 days, to 9% for deposits above 3 years. Senior citizens can earn up to 10% interest for deposits between 1 to 3 years. A maximum of Rs. 10 crore can be deposited by senior citizens and a 1% penalty applies to pre-closing all deposit types and maturities. Rates are subject to change without notice.

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Sankaran Subramanian
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12 views1 page

KVB Fixed Deposit Interest Rates 2024

The document outlines interest rates for domestic term deposits at Karur Vysya Bank for different time periods, as well as rates for senior citizens deposits. Interest rates for term deposits range from 10.5% for 7 days to 30 days, to 9% for deposits above 3 years. Senior citizens can earn up to 10% interest for deposits between 1 to 3 years. A maximum of Rs. 10 crore can be deposited by senior citizens and a 1% penalty applies to pre-closing all deposit types and maturities. Rates are subject to change without notice.

Uploaded by

Sankaran Subramanian
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Rates of Interest on domestic deposits w.e.f. 27.11.

2011 Domestic Term Deposits (Card Rates) Time Bucket 7 Days to 30 Days 31 Days to 270 days 271 Days to less than 1 year 1 year to 2 years Above 2 years to 3 years Above 3 years For KVB - Tax Shield Deposits Senior Citizens Deposits (Card Rates): Time Bucket 1 year to 2 years Above 2 years to 3 years Above 3 years to 5 years For KVB - Tax Shield Deposits Rate 10.50% 10.25% 10.00% 9.25% Rate 6.00% 7.80% 8.50% 10.00% 9.75% 9.50% 9.00%

Maximum Ceiling limit for acceptance of Senior Citizens deposits is Rs. 10.00 crore. Penal Interest on pre closure of deposits: Penalty of 1% will be levied on preclosure of deposits of all types and maturities. The rates are subject to change without notice. Kindly contact the nearest branch for the updated rates

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