How to find the best rates for Karur Vysya Bank Fixed Deposit
Karur Vysya was established in the year 1916 in the city of Karur. The bank was started with a seed capital of Rs.1 lakh. The bank has since been growing at a considerable pace and has its branches in almost all major parts of the country. Karur Vysya bank has 572 branches and 1617 ATMs across the nation. The bank offers all major financial services from retail banking to personal banking to corporate banking. Loan products and deposit products of the bank are quite popular since the bank has one of the most technologically advanced core banking system.
Karur Vysya Short-Term Fixed Deposit Rates
Karur Vysya has short-term fixed deposits that have a period of 7-14 days and fetch an interest rate of 6% per annum which is more than good compared to the rates that other competitor banks are offering.
Deposits with a period of 15-30 days are offered an interest rate of 6% while the rate earned by deposits of 31-45 days is considerably higher at 7.7% p.a. An extremely attractive rate of 8.3% is offered for deposits that have a tenure of 91-180 days. Fixed deposits with a period of 181-270 days earn an extremely competitive interest rate of 8.5% p.a.
A 0.25% higher rate is offered on term deposits in the range of 271 days-1 year.
Karur Vysya Mid-Term Fixed Deposit Rates
The rate of interest remains the same at 8.75% for deposits that have a deposit period between 1 year to 2 years. Deposits ranging between 2-3 years fetch an even higher rate of 8.90% p.a. which is considerably better as compared to rates offered by other banks on deposits of same tenure.
Karur Vysya Long-Term Fixed Deposit Rates
Fixed deposits with a period of more than 3 years are pegged at 8.9% p.a.
Karur Vysya Fixed Deposit Rates for Senior Citizens
Senior citizen customers of Karur Vysya enjoy 0.5% additional interest rate over regular fixed deposit rates across all categories of fixed deposits.
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