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.2 crore range from 5.50% p.a. to 5.75% p.a. Senior citizens can avail preferential interest rates of 0.50% more than the interest rate offered to the general public.
Some of the beneficial features of the KVB Double Delight FD are:
The eligibility criteria for opening an KVB Double Delight FD is that the individual should be an Indian Resident.
The interest rate for KVB Double Delight FD is as given below:
|Tenure||Interest Rate for General Citizens||Interest Rate for Senior Citizens|
|1 year to less than 2 years||5.50%||6.00%|
|2 years to less than 3 years||5.50%||6.00%|
|3 years to less than 5 years||5.65%||6.15%|
|5 years and above||5.75%||NA|
*These interest rates are effective from 1 January 2021 and are liable to change as per the bank's policies
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.
There are pre-closure charges for KVB Double Delight FD only if it is closed before two years is completed.
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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