Karur Vysya Bank revises FD interest rates: Senior citizens can earn 7.70% on this tenure

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Karur Vysya Bank has revised the interest rates on fixed deposits of less than Rs 2 crore. Following the change, the bank currently offers interest rates ranging from 4.00% to 7.20% on FDs maturing in 7 days to more than 6 years. The new FD interest rates are effective from August 16, 2023.

Latest Karur Vysya Bank FD Rates

According to Karur Vysya Bank, the bank will now offer a 4.00% interest rate on fixed deposits maturing in 7 to 30 days and a 5.25% interest rate on those maturing in 31 to 120 days. Deposits maturing in 121 days to 180 days will now earn 6% interest, while those maturing in 181 days to less than a year will earn 6.25%.Karur Vysya Bank will now offer an interest rate of 6.50% on FDs maturing in 271 days to 332 days , and an interest rate of 7.10% on those maturing in 333 Days. The bank offers a 6.50% interest rate on tenure of 334 days to less than 1 year.Karur Vysya Bank now offers an interest rate of 7.00% on FDs maturing in 1 year to 443 days, and an interest rate of 7.20% on those maturing in 444 days. The bank is presently offering a 7% interest rate 445 Days to 3 years and a 6.25% interest rate on deposits maturing in the next 3 to 6 years or longer.

The bank offers a 5.90% interest rate on KVB – Tax Shield Deposits.

Time Bucket Revised Rate (Less than Rs. 2 Crores) (w.e.f. 16.08.2023)
7 Days to 14 days 4.00%
15 Days to 30 days 4.00%
31 Days to 45 days 5.25%
46 Days to 90 days 5.25%
91 Days to 120 days 6.00%
121 Days to 180 days 6.00%
181 Days to 270 days 6.25%
271 Days to 332 days 6.50%
333 days 7.10%
334 days to less than 1 year 6.50%
1 Year to 443 days 7.00%
444 Days 7.20%
445 Days upto 2 years 7.00%
Above 2 years upto 3 years 7.00%
Above 3 years upto 5 years 6.25%
Above 5 years upto 6 years 6.25%
Above 6 years 6.25%
For KVB – Tax Shield Deposits 5.90%
Rainbow Deposits(RBFD) 5.25%

The minimum amount that can be invested in FD is Rs. 100/- and there is no restriction on the maximum amount.

Senior citizen FD rates
KVB offers interest rates between 7.50% to 7.70% on tenures ranging between 333 days to 10 years. The highest interest rate of 7.70% is offered on 444 days tenure.

Time Bucket Revised Rate
333 days 7.50%
1 year to 443 days 7.40%
444 days 7.70%
445 upto 2 years 7.40%
Above 2 years upto 3 years 7.40%
Above 3 years upto 5 years 6.65%
Above 5 years upto 6 years 6.65%
Above 6 years upto 10 years 6.65%
For KVB – Tax Shield Deposits 5.90%

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