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Karur Vysya Bank Recurring Deposit Interest Rates 2021

Karur Vyasa Bank offers recurring deposits to its customers under two different schemes – the KVB Manimala and the KVB Money Mala Plus. The KVB Manimala scheme has an investment period of 6 months to 120 months. The KVB Money Mala Plus scheme has an investment period of 12 months to 36 months. The rate of interest for the KVB Manimala Scheme ranges from 4.75% p.a. to 5.75% p.a. The rate for the KVB Money Mala Plus scheme, on the other hand, ranges from 5.50% p.a. to 5.65% p.a.

Karur Vyasa Bank RD Interest Rates

Deposit Tenure For Deposits Below Rs.2 crore
181 days to 270 days 4.75% p.a.
271 days to less than 1 year 5.00% p.a.
1 year to less than 2 years 5.50% p.a.
2 years to less than 3 years 5.50% p.a.
3 years to less than 5 years 5.65% p.a.
5 years and more 5.75% p.a.

Note: The rates of interest mentioned above are effective from 11 January 2021.

Get the Best Rates for a Karur Vysya Bank Recurring Deposit

Karur Vysya Bank offers two recurring deposit schemes to customers namely - KVB Manimala and KVB Money Mala Plus. KVB offers these recurring deposit plans at attractive interest rates, depending on the tenure chosen by the customer. Additionally, recurring deposit schemes are also available to senior citizens at preferential interest rates from Karur Vysya Bank. Under the KVB Manimala scheme, account holders can make monthly deposits starting with a minimum amount of Rs. 100, which can be incremented in multiples of Rs. 25. The deposit tenures can range from six months to a maximum of 120 months for a KVB Manimala recurring deposit account. KVB Money Mala Plus is a flexible recurring deposit scheme which offers account holders the convenience of depositing any amount more than the predetermined amount. This monthly deposit amount can be at least 10 times more, with the maximum being Rs. 2 lakhs. The interest rate for the KVB Money Mala Plus scheme is calculated on a daily product basis and is compounded, quarterly.

Karur Vysya Bank - Short Term RD Interest Rates

KVB offers recurring deposits with shorter tenures ranging from six months to up to 1 year. The interest rate offered for deposit amounts lesser than Rs.2 crore for a tenure of 6 months to 1 year is 4.75% p.a. to 5.50% p.a.

Karur Vysya Bank - Medium and Long Term RD Interest Rates

As medium- and long-term deposits, Karur Vysya Bank offers recurring deposit plans with tenures ranging from 1 year to up to 2 years, 2 years to up to 3 years and 3 years and above. The interest rate provided for medium and long-term recurring deposit accounts ranges from 5.50% p.a. to 5.75% p.a., with deposit amounts of less than Rs.2 crore.

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