KVB Green Deposits Scheme

Product KVB Green Deposits Scheme
Deposit amount
Amount (In Rs)
Minimum Maximum
1,00,000 1,99,99,999
Tenure of Deposit 2345 Days
Eligibility
  • Individuals
  • Individuals jointly with other Individuals
  • Minors.
  • HUF.
  • Sole Proprietary concerns.
  • Trusts, Associations, Clubs & Societies.
  • Partnership Firms.
  • Joint stock companies.
  • Any other entity not prohibited by RBI.
  • Rate Of Interest General Public & NRIs     -     As per card rate (6.25 % p.a at present)
    Senior Citizens                 -     As per card rate (6.65% p.a at present)
    (Additional ROI over and above the card rates for regular term deposits as applicable to Senior Citizens will be applicable for Green deposits also)
    Interest Payment Interest pay-out and Cumulative Options available.
    Interest paid on monthly and quarterly basis will be simple rate of interest.
    Deposit Loan Loan against these Green fixed deposits can be availed.
    Nomination Nomination facility available.
    TDS TDS will be deducted as per guidelines.
    Pre-Mature Withdrawal Allowed. However, the status of such deposits will cease to be Green Fixed Deposits and will convert to a regular Fixed deposit. Interest will be paid for the run period at applicable rate and penalty if any.
    Penalty on Pre-closure 1% Pre closure penalty will apply, that is, interest will be paid at 1.00% less than the applicable rate (as on the date of opening of deposit) for the period for which the deposit has actually remained with the Bank.
    Terms and Conditions Other terms and conditions are as applicable to the Regular Term Deposits.

    To check all Interest rate: Click here

    *KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.
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