Resident Domestic Deposits
Rates of Interest on domestic deposits w.e.f. 01.06.2015
(Less than 1 crore)
|7 Days to 14 days||6.00%|
|15 Days to 30 days||6.00%|
|31 Days to 45 days||7.70%|
|46 Days to 90 days||7.70%|
|91 Days to 180 Days (6 months)||8.30%|
|181 Days to 270 days||8.30%|
|271 Days Upto including1 year||8.50%|
|Above 1 year and Upto 2 years||8.50%|
|Above 2 years and Upto 3 years||8.75%|
|Above 3 years||8.75%|
|KVB - Tax Shield||8.75%|
|Time Bucket||Interest Rate
|Above 1 year and Upto 2 years||9.00%|
|Above 2 years to 3 years||9.25%|
|Above 3 years to 5 years||9.25%|
|KVB - Tax Shield Deposits||9.00%|
Kindly contact the nearest branch for deposits above Rs.1 crore.
Maximum Ceiling limit for acceptance of Senior Citizens deposits is Rs.5 crore.
Penal Interest on pre closure of deposits
- Up to Rs.1 crore of Deposit – Penalty of 1% from applicable ROI
- Above Rs.1 crore of deposit – Pre closure Penalty norms applicable
Interest will be calculated at the rate applicable for the period the deposit has actually remained with the bank. The rates are subject to change without notice.
|KVB Flexi Term Deposit|
|1. Nature of Deposit||Short term deposit|
|2. Tenure of deposit||300 days (Both Fixed & Re-investment options)|
|3. Rate of Interest||7.75% p.a.(w.e.f. 01.06.2015)|
|4. Premature Withdrawal||No penalty for premature withdrawal any time after 15 days.
The following is the position with respect to premature withdrawal:
|5. Minimum Amount||Rs. 1 crore|