Karur Vysya Bank hiked fixed deposit interest rates: Check the latest rates here

The non-public sector lender Karur Vysya Bank has hiked interest rates on fixed deposits of lower than 2 Cr. The financial institution’s official web site states that the greater rates will take impact on August 16, 2022. In accordance with the revised, the financial institution is now providing an interest charge starting from 4.00% – 6.00% for the normal public on fixed deposits maturing in 7 days to six years and above, and 6.25% – 6.50% for senior residents on fixed deposits maturing in 1 yr to six years to lower than 10 years.

Karur Vysya Bank FD Rates

On fixed deposits maturing in 7 days to 45 days the financial institution has hiked the interest charge from 3.25% to 4.00% a hike of 75 bps and on fixed deposits maturing in 46 days to 90 days the financial institution has hiked the interest charge from 3.50% to 4.25% a hike of 75 bps. Fixed deposits maturing in 91 days to 120 days will now provide an interest charge of 4.50% which was earlier 3.75% a hike of 75 bps and fixed deposits maturing in 121 days to 180 days will now provide an interest charge of 4.50% which was earlier 4% a hike of fifty bps.

Karur Vysya Bank will now provide an interest charge of 5.00% which was earlier 4.75% a hike of 25 bps on fixed deposits maturing in 181 days to 270 days and the financial institution has hiked the interest charge from 5% to five.25% a hike of 25 bps on time period deposits maturing in 271 days to lower than 1 yr. On fixed deposits maturing in 1 yr to lower than 2 years, the interest charge has been hiked from 5.55% to five.75% a hike of 20 bps and on fixed deposits maturing in 2 years to lower than 3 years, the financial institution has hiked interest charge from 5.60% to five.85% a hike of 25 bps.

Fixed deposits maturing in 3 years to lower than 5 years will now fetch an interest charge of 6.00% which was earlier 5.80% and time period deposits maturing in 5 years to lower than 6 years will now provide an interest charge of 6.00%% which was earlier 5.90% a hike of 10 bps. On fixed deposits maturing in 6 years and above the financial institution will proceed to supply an interest charge of 6%. On KVB – Tax Shield, a tax financial savings scheme for five years, the financial institution will proceed to supply an interest charge of 5.90%.

Karur Vysya Bank FD Rates

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Karur Vysya Bank FD Rates (kvb.co.in)

Karur Vysya Bank FD Rates For Senior Citizens

On fixed deposits of lower than 2 Cr maturing in 1 yr to 10 years, senior residents will proceed to get a further charge of 0.50% over and above the common charge. On fixed deposits maturing in 3 years to lower than 10 years, senior residents will now get a most interest charge of 6.50% on account of the modification.

Karur Vysya Bank FD Rates

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Karur Vysya Bank FD Rates (kvb.co.in)

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