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KVB raises deposit rates

Karur Vysya Bank Ltd has hiked the interest rates by 25 to 75 basis points on domestic term deposits effective from September 15.

15 Sep 2008

Karur Vysya Bank Ltd has hiked the interest rates by 25 to 75 basis points on domestic term deposits effective from September 15.

For 30 days to 45 days, the interest rate now stands at 6 percent (as against 5.50 percent); for 46 90 days at 6.5 percent (as against 6 percent); for 91 to 180 days it at 7.5 percent (as against 6.75 percent); for 181 days to less than one year at 9 percent (as against 8.5 percent); for 1 year to less than 2 years at 10.25 percent (as against 9.75 percent); for 2 to 3 years at 10.25 percent (as against 10 percent). In the above 3 year buckets there is no change.

For senior citizens, the new interest rate for 1 year and above but less than 2 years now stands at 10.75 percent (as against 10.25 percent); for 2 years and up to 3 years at 10.75 percent (as against 10.50 percent).



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