• search

KVB hikes interest rates

Written by: Staff
|

Chennai, Mar 22 (UNI) Karur Vysya Bank raised the interest rates for fixed deposits, domestic term deposits and senior citizen deposits, from today.

For 15 to 29 days domestic term deposits the rates had gone up by 0.25 per cent from four per cent, a release here said.

The revised interest on term deposits for 30 days and above and upto and inclusive of 45 days was 4.75 per cent compared to 4.25 per cent.

Interest for deposits for 46 days and above and upto and inclusive of 90 days was 5.25 per cent against five per cent while 91 days and above and upto and inclusive of 179 days would fetch an interest of 5.75 per cent compared to 5.50 per cent.

Deposits for 180 days and above but less than one year would get an interest of 6.25 per cent against six per cent.

Three year and above deposits and inclusive of five years would earn an interest of 7.50 per cent, compared to 6.50 per cent.

Interest on deposits abvoe five year period would get an interest of 7.50 per cent against 6.25 per cent.

For senior citizens, deposits for one year and above and upto and inclusive of five years, the bank had raised the interest rate to eight per cent, the release added.

UNI HV KVV 1220

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more