Karur Vysya Bank is one of the most popular private sector banks which provides quite attractive interest rates for both short and long term fixed deposits. The Interest rate starts from 5.00% which is higher than other banks.
KVB provides 6.75% interest rates for the period around 1 year, a few banks in India provide such an interest rate. For the period above 2 years, the deposit rate is constant to 7.25%.
In the other hand, the extra .50% interest rate is applicable for senior citizens for above 1-year deposits. The highest FD rate is 7.75% for senior citizens, but they can’t open a fixed deposit account for the amount above 10 cr. Below interest rates are effective 7 January 2018.
Karur Vysya Bank Fixed Deposit Interest Rates February 2019 (domestic deposits):
| Time Period | Interest Rates (For Amount Below 1 Crore) | Interest Rates (Senior Citizens) (For Amount Below 1 Crore) |
| 7 Days to 14 Days | 5.00% | 5.00% |
| 15 Days to 30 Days | 5.00% | 5.00% |
| 31 Days to 45 Days | 5.50% | 5.50% |
| 46 Days to 60 Days | 6.00% | 6.00% |
| 61 Days to 90 Days | 6.00% | 6.00% |
| 91 Days to 180 Days | 6.90% | 6.90% |
| 181 Days to 270 days | 6.75% | 6.75% |
| 271 Days to 1 Year | 6.75% | 6.75% |
| 1 Year | 6.75% | 6.75% |
| 1 Year to 2 Years | 7.25% | 7.75% |
| 2 Years to 3 Years | 7.25% | 7.75% |
| 3 Years to 5 Years | 7.00% | 7.50% |
| 5 Years to 10 Years | 7.00% | NA |
| KVB Tax shield deposit | 7.00% | 7.00% |
KVB Flexi Term Deposit Rates:
| Time | Interest rate |
|---|---|
| 300 days | 6.50% |
KVB NRE Fixed deposit Interest rates February 2019:
| Maturity Period | Interest rates
(% p.a.) |
|---|---|
| 1 Year to 2 Years | 7.25% |
| 2 Year to 3 Years | 7.25% |
| Above 3 Years | 7.00% |
Table updated: 19 February 2019
Important notes:
- You need to contact nearest branch for fixed deposits above rs. one crore.
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For more details visit bank website @http://www.kvb.co.in/global/resident_domestic_deposits.html