Karur Vysya Bank is one of the prominent public sector financial institutions of the country with 1617 ATMs and 572 branches spread across the nation. Karur Vysya Bank is known for providing perfect financial solutions for the customers, and it has come up with a fixed deposit scheme possessing attractive interest rates with flexible tenures.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Karur Vysya Bank FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
Karur Vysya Bank short-term fixed deposit period of 7-14 days can avail the return of 5.5% per annum which is probably the best when compared to the rates of other financial institutions. For the tenure ranging between 15-30 days, the rate of interest is calculated at 5.5% per annum, and it gets enhanced by 0.5% to 6% per annum of the deposit period of 31-45 days.
Moreover, one can avail the attractive rate of 7.5% per annum for the holding period of three to six months. However, the bank provides with a competitive return of 7.35% per annum for the tenure of six to nine months, and it remains same for the tenure of nine months to one year.
The rate of 7.35% per annum remains the same for the deposit period of 1-2 years. On the other hand, 7.35% per annum for the tenure of 2-3 years is considered one of the better rates when compared to the interest rates offered by other financial institutions on the investments of the same holding term.
For the holding period more than three years, the rate of interest can be pegged at 7.35% per annum.
The individuals aged above 60 years are eligible for this scheme. The bank provides with 0.5% additional returns from the mentioned rates for the holding period of one year or more than that.