Karur Vysya Bank FD Interest Rates

January 24, 2018 by
Filed under: General 

Question

Hi buddy here I have come to know Karur Vysya Bank FD Interest Rates as I am thinking to open FD account there , so will you plz give me require info here ??

Answer:

Karur Vysya Bank is an Indian old private-sector bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.

Interest Rates

Rates of Interest on domestic deposits w.e.f. 07.05.2017
Domestic Term Deposits (Card Rates)
Time Bucket Revised interest
(Less than 1 crore) (w.e.f. 07.05.2017)
7 Days to 14 days 5.00%
15 Days to 30 days 5.00%
31 Days to 45 days 5.50%
46 Days to 90 days 6.00%
91 Days to 180 Days 6.90%
181 Days to 270 days 6.75.%
271 Days to less than 1 year 6.75.%
1 year to less than 2 years 6.75.%
2 years to less than 3 years 7.00%
3 years and above 7.00%
KVB – Tax Shield 7.00%
Senior Citizens Deposits (Card Rates):
Time Bucket Revised rate
(w.e.f. 07.05.2017)
1 year to less than 2 years 7.25%
2 years to less than 3 years 7.50%
3 years to 5 years 7.50%
KVB – Tax Shield Deposits 7.00%

Flexi Term Deposits
Time Bucket Revised rate
(w.e.f. 29.08.2017)
300 days 6.05%

Bank profile:

Type Private

Traded as BSE: 590003

NSE: KARURVYSYA

Industry Banking

Financial services

Founded 1916

Headquarters Karur, Tamil Nadu, India

Key people B.Swaminathan

(Chairman)

Products Consumer banking, Corporate banking, Finance and Insurance, Investment
banking, Mortgage loans, Private banking, Wealth management, Credit Cards

Revenue 5,443.41 crore (US$850 million) (2016)

Operating income 1,235.42 crore (US$190 million) (2016)

Net income 567.63 crore (US$89 million) (2016)

Total assets 57,663.72 crore (US$9.0 billion) (2016)

Number of employees 7,211 (2016)

Capital ratio 11.79%

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