Karur Vysya Bank FD Calculator
Karur Vysya Bank Fixed Deposit Calculator 2021
Karur Vysya Bank FDs have tenures ranging from 5 years to 5 years with maximum rate of interest of 5.75%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.15%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 14 days | 3.50% to 3.50% | ₹ 1,00,067 - ₹ 1,00,134 |
| 15 days to 30 days | 3.75% to 3.75% | ₹ 1,00,154 - ₹ 1,00,308 |
| 31 days to 45 days | 3.75% to 3.75% | ₹ 1,00,318 - ₹ 1,00,462 |
| 46 days to 90 days | 3.75% to 3.75% | ₹ 1,00,473 - ₹ 1,00,925 |
| 91 days to 120 days | 4.00% to 4.00% | ₹ 1,00,997 - ₹ 1,01,317 |
| 181 days to 270 days | 4.75% to 4.75% | ₹ 1,02,369 - ₹ 1,03,555 |
| 271 days to 364 days | 5.00% to 5.00% | ₹ 1,03,758 - ₹ 1,05,080 |
| 1 year to 1 year 364 days | 5.50% to 6.00% | ₹ 1,05,614 - ₹ 1,12,631 |
| 2 years to 2 years 364 days | 5.50% to 6.00% | ₹ 1,11,544 - ₹ 1,19,542 |
| 3 years to 5 years | 5.65% to 6.15% | ₹ 1,18,331 - ₹ 1,35,684 |
| 121 days to 180 days | 4.75% to 4.75% | ₹ 1,01,578 - ₹ 1,02,356 |
| 5 years | 5.75% | ₹ 1,33,036 |
Karur Vysya Bank Fixed Deposit Calculator
Karur Vysya Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
Karur Vysya Bank Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in Karur Vysya Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Karur Vysya Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Karur Vysya Bank FD.
Suppose if you make an investment of ₹ 1,00,000 in Karur Vysya Bank FD for a 5-year tenure at an interest rate of 5.75% for depositors below 60 years and 6.15% for senior citizens. The maturity amount for this deposit amount is ₹ 1,33,036 and the total interest earned is ₹ 33,036 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 35,684 which is higher. The maturity schedule of Karur Vysya Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.75% for Citizens below 60 years and at 6.15% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2021 | ₹ 5,875 | ₹ 1,05,875 | ₹ 6,293 | ₹ 1,06,293 | ||
| 2022 | ₹ 6,220 | ₹ 1,12,095 | ₹ 6,689 | ₹ 1,12,982 | ||
| 2023 | ₹ 6,586 | ₹ 1,18,681 | ₹ 7,110 | ₹ 1,20,092 | ||
| 2024 | ₹ 6,973 | ₹ 1,25,654 | ₹ 7,558 | ₹ 1,27,650 | ||
| 2025 | ₹ 7,382 | ₹ 1,33,036 | ₹ 8,033 | ₹ 1,35,683 | ||
Karur Vysya Bank FD Calculator Formula
Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Karur Vysya Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on Karur Vysya Bank fixed deposit?
You can earn a maximum interest of 5.75% on Karur Vysya Bank fixed deposit.
✅How is Karur Vysya Bank FD interest calculated?
The formula to calculate interest on Karur Vysya Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
✅How many years FD will double in Karur Vysya Bank?
The growth of Karur Vysya Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Karur Vysya Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Karur Vysya Bank.
✅What are the minimum and maximum amounts that I can invest in an Karur Vysya Bank FD?
The minimum investment limit in Karur Vysya Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2020-07-08 : Karur Vyas Bank revised FD rates
Karur Vyas Bank changed its fixed deposit rates. The FD rates for 7 to 14 days is 3.50%, it is 3.75% for 15 to 90 days and stands at 4.75% for 91 to 270 days. The Fixed deposit rates is 5% for 271 to 364 days and stand at 5.70% for one year to less than 2 years. Further, the FD rates for the long tenors of 2 years to three years and above is 5.85%. The revised rates are in effect from 8 June 2020. - 2020-05-14 : Karur Vyas Bank revised FD rates
Karur Vyas Bank changed its fixed deposit rates. The FD rates for 7 to 14 days is 4.15%, it is 4.40% for 15 to 30 days and stands at 4.65% for 31 to 45 days. The Fixed deposit rates for 46 to 90 days is 4.90%, it is 5.65% for 91 to less than one year and stands at 6% for one year to less than 2 years. Further, the FD rates for the long tenors of 2 years to three years and above is 6.05%. The revised rates are in effect from 11 May 2020. - 2019-01-16 : Karur Vysya Bank revises interest rate on fixed deposits by 50 basis points
Karur Vysya Bank (KVB) has revised the interest rate of fixed deposits on January 7, 2019. The interest rates have been hiked for fixed deposits less than Rs. 1 crore only. Interest rate of fixed deposit with 7 to 14 days period has been hiked to 5.00%. While the rates for 1 year have been hiked to 7.25%, while the rates for senior citizens now stands at 7.75% respectively.
