Senior Citizen Deposits
KVB offers term deposits with both cumulative and non-cumulative options for the senior citizens. Moreover, senior citizens are eligible for a preferential rate of interest.
- Resident Indians who have completed 60 years of age are eligible to deposit.
- Both cumulative and non-cumulative options are available.
- Deposits are eligible for preferential interest rates for maturity period of one & above and up to five years.
- Loan available on deposit.
- Premature closure is allowed, subject to the applicable norms.
- Proof of age has to be produced.
- Preferential rate of interest is applicable only for maturity period of one year and above. This rate holds up to five years max.
- Interest is subject to TDS.
- Nomination is compulsory.
*KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.
To check all Interest rate: Click here
- Resident Indians who have completed 60 years of age are eligible to deposit.
- Both cumulative and non-cumulative options are available.
- Deposits are eligible for preferential interest rates for maturity period of one & above and up to five years.
- Loan available on deposit.
- Premature closure is allowed, subject to the applicable norms.
- Proof of age has to be produced.
- Preferential rate of interest is applicable only for maturity period of one year and above. This rate holds up to five years max.
- Interest is subject to TDS.
- Nomination is compulsory.
*KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.
To check all Interest rate: Click here