Are you thinking about term deposits at Karur Vyasa Bank? If you want to know about interest rates before investing, then you are at the right place. In this post, we will cover the interest rates offered by the bank. The bank keeps changing the rates from time to time, and in this article, the rates are the latest. So, read this Karur Vyasa Bank Fixed Deposit Interest Rates post till the end to know the details.
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Karur Vyasa Bank Fixed Deposit Rates 2023
Given below are the latest rates taken from the official website of the KGB.
| 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.
Source: KVB
Frequently Asked Questions (FAQs)
Can I open a FD account online?
Yes.
Can I close my FD before maturity?
Yes
Is there any charge for breaking FD?
Yes.
Up to Rs. 2 Crores of deposit – Penalty of 1% from applicable ROI.
Above Rs. 2 Crores of deposit – Pre-closure Penalty norms applicable.
Nomination facility is available?
Yes
Can I get a loan from my deposits?
Yes
What are the minimum and maximum periods for which a FD can be done?
7 days to 10 years
So, this is all about Karur Vyasa Bank Fixed Deposit Interest Rates it.
Thanks for reading. Comment below if you have any questions.