KVB Double Delight FD
KVB Double Delight FD is an FD that provides the facility of investing odd amounts and getting it returned in a round sum on maturity along with hospital insurance coverage that is free.
Tenures are flexible and range from one year to 10 years. Interest rates for fixed deposits below Rs.3 crore range from 6.25% p.a. to 7.60% p.a. Senior citizens can avail preferential interest rates of 0.50% more than the interest rate offered to the general public.
Features of KVB Double Delight FD
Some of the beneficial features of the KVB Double Delight FD are:
- Free hospital insurance coverage provided along with the FD
- Minimum maturity amount ranges from Rs.1 lakh to Rs.5 lakh
- Can only be opened by individuals
- Loan facility can be availed against the FD
- Tenure for senior citizens is only up to 5 years
Eligibility Criteria for KVB Double Delight FD
The eligibility criteria for opening an KVB Double Delight FD is that the individual should be an Indian Resident.
Interest Rate for KVB Double Delight FD
The interest rate for KVB Double Delight FD is as given below:
Tenure | Interest Rates |
1 year to 443 days | 7.00% p.a. |
444 days | 7.50% p.a. |
445 days up to 2 years | 7.00% p.a. |
Above 2 years up to 759 days | 7.00% p.a. |
760 Days special deposit | 7.60% p.a. |
761 Days up to 3 years | 7.00% p.a. |
Above 3 years up to 5 years | 7.00% p.a. |
Above 5 years up to 6 years | 6.25% p.a. |
Above 6 years | 6.25% p.a. |
Note: The interest rates are applicable w.e.f. 23 January 2025.
FAQs on KVB Double Delight FD
- How much is the hospital coverage for KVB Double Delight FD?
KVB Double Delight FD offers hospital coverage of Rs.750 per day for a maximum of 7 days in a year for the duration of the tenure of the fixed deposit.
- Are there pre-closure charges for KVB Double Delight FD?
There are pre-closure charges for KVB Double Delight FD only if it is closed before two years is completed.
- How to apply for the KVB Double Delight FD?
You can apply for the KVB Double Delight FD either by visiting the nearest branch of the bank or by applying on the bank's official website.
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