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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. 15 lakh (last revised on May 15, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 15 lakh

6.00

N.A

Calculate
15 days to 30 days Less than Rs. 15 lakh

6.00

N.A

Calculate
31 days to 270 days Less than Rs. 15 lakh

7.80

N.A

Calculate
271 days to less than 1 year Less than Rs. 15 lakh

8.25

N.A

Calculate
1 year to 2 years Less than Rs. 15 lakh

9.75

10.25

Calculate
Above 2 years to 3 years Less than Rs. 15 lakh

9.50

10.00

Calculate
Above 3 years to 5 years Less than Rs. 15 lakh

N.A

9.75

Calculate
Above 3 years Less than Rs. 15 lakh

9.25

N.A

Calculate

b) For domestic deposits - Rs. 15 lakh to less than Rs. 1 cr (last revised on May 15, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 15 lakh to less than Rs. 1 cr

6.00

N.A

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

9.00

N.A

Calculate
31 days to 270 days Rs. 15 lakh to less than Rs. 1 cr

9.00

N.A

Calculate
271 days to less than 1 year Rs. 15 lakh to less than Rs. 1 cr

9.00

N.A

Calculate
1 year to 2 years Rs. 15 lakh to less than Rs. 1 cr

9.75

10.50

Calculate
Above 2 years to 3 years Rs. 15 lakh to less than Rs. 1 cr

9.50

10.25

Calculate
Above 3 years to 5 years Rs. 15 lakh to less than Rs. 1 cr

N.A

9.75

Calculate
Above 3 years Rs. 15 lakh to less than Rs. 1 cr

9.25

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

9.00

9.25

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 May 15, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to 2 years Less than Rs. 1 cr 9.75 Calculate
Above 2 years to 3 years Less than Rs. 1 cr 9.50 Calculate
Above 3 years Less than Rs. 1 cr 9.25 Calculate