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    Karur Vysya Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 8% Quarterly compounding
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    Response Time Within 30 minutes
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    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7.5% Quarterly compounding
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    Response Time Within 30 minutes
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    Karur Vysya Bank Fixed Deposit Rates is Rated as "Excellent!" by 22 Users

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    How to find the best rates for Karur Vysya Bank Fixed Deposit

    Karur Vysya was established in the year 1916 in the city of Karur. The bank was started with a seed capital of Rs.1 lakh. The bank has since been growing at a considerable pace and has its branches in almost all major parts of the country. Karur Vysya bank has 572 branches and 1617 ATMs across the nation. The bank offers all major financial services from retail banking to personal banking to corporate banking. Loan products and deposit products of the bank are quite popular since the bank has one of the most technologically advanced core banking system.

    Karur Vysya Short-Term Fixed Deposit Rates

    Karur Vysya has short-term fixed deposits that have a period of 7-14 days and fetch an interest rate of 5.50% per annum which is more than good compared to the rates that other competitor banks are offering.

    Deposits with a period of 15-30 days are offered an interest rate of 5.50% while the rate earned by deposits of 31-45 days is considerably higher at 7.00% p.a. An extremely attractive rate of 7.75% is offered for deposits that have a tenure of 91-180 days. Fixed deposits with a period of 181-270 days earn an extremely competitive interest rate of 7.50% p.a. and is constant for the range of 271 days-1 year.

    Karur Vysya Mid-Term Fixed Deposit Rates

    The rate of interest remains the same at 7.50% for deposits that have a deposit period from 1 year to 2 years. Deposits ranging between 2-3 years fetch an equal rate of 7.50% p.a. which is considerably better as compared to rates offered by other banks on deposits of same tenure.

    Karur Vysya Long-Term Fixed Deposit Rates

    Fixed deposits with a period of more than 3 years are pegged at 7.50% p.a.

    Karur Vysya Fixed Deposit Rates for Senior Citizens

    Senior citizen customers of Karur Vysya enjoy 0.5% additional interest rate over regular fixed deposit rates on tenure which is more than or equal to 1 year. 


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    • Revised Interest Rates of Karur Vysya Bank

      Karur Vysya has short-term fixed deposits that have a period of 7-14 days and fetch an attractive interest rate of 6% per annum. This is more than compared to the rates that other competitor banks are offering.

      The interest rates on term deposits less than Rs. 1 crore for regular and senior citizens, with effect from November 23, 2015, have been revised. The current rate of interest has been slashed by 0.25% and is 7.50% as against the previous rate of 7.75% for the tenor of 271 days to less than 1 year. There are four different slabs for tenors between 1 year and above 3 years - 1 year to less than 2 years; 2 years to less than 3 years; 3 years and above. The interest rates have been slashed from 8% to 7.75%. Even for the KVB tax shield, the rate has been reduced to 7.75% from the previous 8%.

      Term deposits for senior citizens have also undergone interest rate cuts. In the tenor slab of 1 year to less than 2 years; 2 years to less than 3 years; 3 years to 5 years, the rate of interest has been slashed from 8.50% to the current rate of 8.25%. The rates KVB Tax Shield Deposits have also got rate cuts from 8.25% to 8%.

      23rd November 2015

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