Interest rate is getting this much on Savings account
Many banks including SBI, HDFC, Canara have increased the interest rates of savings accounts including their fixed deposits. After the increase in repo rate by RBI, banks have to increase the interest rates. Karur Vysya Bank (KVB) has taken a similar decision. The bank has changed the interest rates of its savings deposits from today i.e. January 28, 2023. Customers are getting a maximum discount of 5.25% on savings account from this bank.
Interest rate is getting this much on savings account
2.25% interest rate on balance less than 5 Lakh in bank savings account, 2.50% interest rate on balance from 5 lakh to 10 lakh, 3.00% interest rate on bank balance from 10 lakh to less than 1 crore, Rs. 1 Crore to less than Rs.100 Crore is offering 3.25% interest rate.
On the other hand, the bank is getting the benefit of 5.00% interest rate on the balance of Rs.100 Crore to less than Rs.150 Crore, maximum 5.25% interest rate on the balance of Rs.150 Crore or more.