Karur Vysya Bank announces new deposit product

Chennai, Aug 30 (UNI) Karur Vysya Bank (KVB) today announced the launch of KVB Tax Shield, a new deposit product aimed at tax paying investors.

The bank offers very attractive returns of 8.5 per cent for the regular depositors and 9 per cent for senior citizens, a bank release here said, adding investments made in the scheme would qualify for income tax benefits under Section 80 c.

Available under both normal fixed term deposit as well as cumulative options, the deposits would be accepted for a fixed period of five years, it said.

UNI WS VV 2016