Karur Vysya Bank revises interest rates on fixed deposits

Karur Vysya Bank is currently giving an interest rate on deposits maturing in 7 days to 6 years and above of 3.25 per cent to 6 per cent to the general public and 6.05 per cent to 6.50 per cent to senior citizens.

The interest rates on fixed deposits below ₹2 crore have been revised by private sector lender Karur Vysya Bank. 

The bank is now giving an interest rate of 5.55 per cent on fixed deposits with terms of 1 year to less than 2 years 

The bank is now giving an 5.60 per cent on term deposits with durations of 2 years to less than 3 years. 

Karur Vysya Bank is now offering interest rates of 5.80 per cent and 5.90 per cent on term deposits with maturity ranging from 3 and less than 5 years and 5 and less than 6 years, respectively.

The interest rate applicable to KVB-Tax Shield, a tax-saving plan for 5 years, is 5.90 per cent, while term deposits maturing in 6 years and above will now earn an interest rate of 6.00 per cent. 

The bank gives senior citizens an additional rate of 0.50 per cent over the regular rate on deposits of one to ten years. 

Senior citizens receive interest rates ranging from 6.05 per cent to 6.50 per cent on term deposits of one year and up to ten years