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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 Nov 21, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 Days to 14 days Less than Rs. 1 cr

5.00

N.A

Calculate
15 Days to 30 days Less than Rs. 1 cr

5.00

N.A

Calculate
31 Days to 45 days Less than Rs. 1 cr

5.50

N.A

Calculate
46 Days to 90 days Less than Rs. 1 cr

6.00

N.A

Calculate
91 Days to 180 Days(6 months) Less than Rs. 1 cr

7.00

N.A

Calculate
181 Days to 270 days Less than Rs. 1 cr

7.00

N.A

Calculate
271 Days to less than 1 year Less than Rs. 1 cr

7.00

N.A

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

7.00

7.50

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

7.00

7.50

Calculate
3 years to 5 years Less than Rs. 1 cr

N.A

7.50

Calculate
3 years and above Less than Rs. 1 cr

7.00

N.A

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

7.00

7.00

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 Nov 21, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Less than Rs. 1 cr 7.00 Calculate
2 years to less than 3 years Less than Rs. 1 cr 7.00 Calculate
3 years and above Less than Rs. 1 cr 7.00 Calculate
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