NEWS & ADVICE : FIXED DEPOSITS
Deposit rates revised by KVG
By Neelima Shankar
Aug 11, 2011
Print    Email    RSS   

South based regional rural bank, Karnataka Vikas Grameena Bank (KVGB) has announced a revision in interest rates of its fixed deposits. Deposits having maturity ranging from 15 days to 10 years have had their interest rates revised.

The revised rates have come to effect from August 03, 2011.

According to Mr C Sambasiva Reddy, Chairman, KVGB, the rates were revised following a conference held for all regional managers.

As per the revised rate structure, senior citizens will be offered an additional 1% interest on all interest slabs. The maximum interest thus offered would be 10.25%.

The 15-29 days deposit will have interest of 4%, 30-45 days deposit will have 5.5% and the 46-90 days deposit will have 7% interest.

The 91-120 days deposit has revised interest of 7.5% while the 121-180 days deposit will have 7.6% interest.

For deposits of 181 days and above, the interest will be 9.5%.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Infrastructure bonds: another tax saving...
Fixed Deposits: Safest instrument to invest
Need of nomination in bank accounts
Recurring deposits: to the benefit of the...
An Overview of Wealth Management Services...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive