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Karur Vysya Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - less than Rs. 1 cr (last revised on Apr 01, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days less than Rs. 1 cr

6.00

N.A

Calculate
15 days to 30 days less than Rs. 1 cr

6.00

N.A

Calculate
31 days to 45 days less than Rs. 1 cr

7.70

N.A

Calculate
46 days to 90 days less than Rs. 1 cr

7.70

N.A

Calculate
91 days to 180 days less than Rs. 1 cr

7.70

N.A

Calculate
181 days to 270 days less than Rs. 1 cr

7.70

N.A

Calculate
271 days to less than 1 year less than Rs. 1 cr

8.00

N.A

Calculate
1 year to 2 years less than Rs. 1 cr

9.50

10.00

Calculate
Above 2 years to 3 years less than Rs. 1 cr

9.25

9.75

Calculate
Above 3 years less than Rs. 1 cr

9.00

N.A

Calculate
Above 3 years to 5 years less than Rs. 1 cr

N.A

9.50

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
KVB - Tax Shield - 5 years Upto Rs. 1 lakh

8.75

9.00

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Apr 01, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to 2 years Less than Rs. 1 cr 9.50 Calculate
Above 2 years to 3 years Less than Rs. 1 cr 9.25 Calculate
Above 3 years Less than Rs. 1 cr 9.00 Calculate