FD Rate Change: 7.15% return will be available on FD of 333 days, this bank changed the interest rates

Private banks have revised the interest rates of FDs despite no change in the repo rate. Offering extra returns to senior citizens. Many FD schemes are also available. Let’s find out how much interest will be received on how many days of investment?

FD Rate Change: Karur Vysya Bank is one of the oldest private banks in India. It was established in 1916. It is currently offering many services including FD, RD, loan. It also operates many branches across the country. Recently KVB has revised the interest rates of fixed deposits. New rates have become effective from 14 August. After the change, regular customers are getting interest ranging from 4% to 6.85%. At the same time, senior citizens are getting 0.50% extra return.

Customers can invest in KVB FD for a minimum of 7 days and a maximum of 10 years. Interest is paid at regular intervals. Any person, trust, HUF, partnership, firm, company, organization can avail fixed deposit. The bank offers facilities like nomination, loan and premature closure. The minimum investment limit is Rs 100 and there is no restriction on the maximum amount. However, if a person invests more than Rs 3 crore, it will be considered as bulk deposit.

Highest returns will be available on investment of this duration

The bank is offering the highest interest on special FD of 444 days. While the interest rate for general citizens is 6.85%, the bank is giving 7.25% interest to senior citizens. On the maturity slab of 333 days, general citizens are getting 6.75% interest and senior citizens are getting 7.15% interest.

Interest rate for special FD scheme

The bank is also offering many special FD schemes. 6.25 percent is being given on Green Deposit Scheme. In this, customers can invest for 2345 days. The bank is giving 6.60% interest to general citizens and 7% interest to senior citizens on Tax Shield Deposit. 4.75% interest is being given on Rainbow Deposit. Customers can invest less than Rs 3 crore.

Interest rate according to tenure

7 days to 14 days – 4%

15 days to 30 days – 4%

31 days to 45 days – 4.50%

46 days to 90 days – 4.75%

91 days to 120 days – 5.75%

121 days to 180 days – 6%

181 days to 270 days – 6.25%

271 days to 332 days – 6.50%

333 days – 6.75%

334 days to less than 1 year – 6.50%

1 year to 443 days – 6.60%

444 days – 6.85%

445 days to 2 years – 6.60%

More than 2 years and up to 3 years – 6.60%

More than 3 years and up to 5 years – 6.60%

More than 5 years- 6.25%

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