Karur Vysya Bank revises savings account interest rates; earn up to 5.25%

Karur Vysya Bank (KVB) has revised the interest rate on savings bank deposits, according to the bank website. The new savings account interest rates of the bank are effective from January 28, 2023. Savings account interest rate varies between 2.25% to 5.25% depending on the savings account balance.

KVB savings account interest rate
The bank is now offering an interest rate of 2.25% on savings accounts on the end of the day balances of less than Rs 5 lakh. Karur Vysya Bank offers an interest rate of 2.50% on savings accounts with an end-of-day balance of between Rs 5 lakh and less than Rs 10 lakh.
With an end-of-day balance of Rs 10 lakh up to less than Rs 1 crore, the bank offers an interest rate of 3.00% on such accounts. KVB customers can now receive an interest rate of 3.25% on savings accounts with an end-of-day balance of Rs 1 crore up to less than Rs 100 crore.


For end-of-day balances of Rs 100 crore up to less than Rs150 crore, the bank offers interest rates of 5% and 5.25% end-of-day of balance Rs 150 crore and above.

Slab	Rate of Interest
EOD balance less than Rs.5 Lakh	2.25%
EOD balance Rs.5 Lakh up to less than Rs.10 Lakh	2.50%
EOD balance Rs.10 Lakh up to less than Rs.1 Crore	3.00%
EOD Balance Rs.1Crore up to less than Rs.100 Crore	3.25%
EOD Balance Rs.100Crore up to less than Rs.150 Crore	5.00%
EOD Balance Rs.150 Crore and above.	5.25%

Karur Vysya Bank offers different types of savings account for their customers, while interest rate remains same, features offered are different depending on the account.

KVB FD Interest rates
Karur Vysya Bank offers fixed deposit interest rate between 4% to 7.25% for regular citizens for tenure ranging between 7 days to 20 years.

Penal Interest on pre-closure of deposits
The bank offers a penalty of 1% deposits up to Rs 2 crore. Interest will be calculated at the rate applicable for the period the deposit has remained with the bank.