- MyLoanCare
- Recurring Deposit
- RD Calculator
- Karur Vysya Bank
Karur Vysya Bank RD Interest Calculator
RD Calculator Karur Vysya in India Jan 2021
Tenure | General Rates | Senior Citizen Rates |
---|---|---|
180 days | 6.90% | 6.90% |
181 days to 270 days | 6.75% | 6.75% |
271 days to 364 days | 6.75% | 6.75% |
1 year to 1 year 364 days | 7.00% | 7.50% |
2 years to 2 years 364 days | 7.00% | 7.50% |
3 years to 10 years | 7.00% | 7.50% |
Karur Vysya Recurring Deposit Calculator
Karur Vysya Bank, a leading Private Bank in India offers attractive interest rates upto 7.00% on its Recurring deposits.
RD maturity amount that you will get depends upon
- Deposit amount
- Rate of interest
- RD tenure
- Compounding frequency
- TDS applicability and TDS rate
Karur Vysya Recurring Deposit Interest Calculator
- In a periodic interest payout option, Karur Vysya Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
- In case you opt for a Karur Vysya Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
- Calculate the RD maturity amount using the RD calculator.
Tax on Recurring Deposit Karur Vysya Bank
- In case the interest earned by you across all your recurring deposits across all branches of Karur Vysya Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Karur Vysya Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
- We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Karur Vysya Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
- Karur Vysya Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.
Karur Vysya RD interest rate calculator – Check your city
- Keep your KYC documents - PAN card, address proof and photo ready.
- To know more or apply, contact any of the branches of Karur Vysya Bank in your city
FAQs
✅What is the highest interest earned on Karur Vysya Bank recurring deposit?
You can earn a maximum interest of 7.00% on Karur Vysya Bank recurring deposit.
✅Are there any extra benefits for senior citizens on fixed deposit of Karur Vysya Bank?
Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in Karur Vysya Bank.
-
Home Loan
Home Loan starting at 8.20%. Cashback of up to ₹ 1,000 plus Free COVID Insurance of ₹ 1 lakh.
Apply Now -
Personal Loan
Instant Personal Loan with Cashback of up to ₹ 1,000 or Free Corona Insurance Cover of up to ₹ 5 Lakhs.
Check Offers -
Fixed Deposit
AAA rated FDs with returns as high as 6.95%.
Invest Now -
Demat Account
Open Instant Demat Account and Get Cashback of ₹ 500*. *T&C Apply
Apply Now -
DBS Savings Account
Open Account Online and Cashback of up to ₹ 4,800.
Open Account -
Gold Loan
Instant Gold Loan starting at 9.90% with Cashback of up to ₹ 500 or Free Corona Health Cover of upto ₹ 1 Lakh.
Apply Now -
Loan Against Property
Best Loan Against Property Offers starting @ 12.15%. Cashback of up to ₹ 1,000*.
Apply Now -
Credit Card
Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.
Apply Now
