Karur Vysya Bank
After the revision, the bank will offer a 4.00% interest rate on fixed deposits maturing in 7 to 30 days. The interest rate offered is 5.25% on fixed deposits maturing in 31 to 45 days. Karur Vysya Bank offers the interest rate on fixed deposits with maturities ranging from 46 to 90 days to 5.25%. Fixed deposits maturing between 91 and 120 days will now earn 5.25%, while term deposits maturing between 121 and 180 days will earn 5.50%.
Karur Vysya Bank will now offer a 5.75% interest rate on fixed deposits maturing in 181 days to 270 days, and a 5.90% interest rate on fixed deposits maturing in 271 days to less than a year. Fixed deposits with maturities of one to two years will now earn 6.10% interest, while term deposits with maturities of two to three years will earn 6.10% interest. The bank will pay 6.10% on fixed deposits maturing in three to six years or more. The new rates come into effect from September 1, 2022.
Kotak Mahindra Bank
FDs maturing in 390 days to less than 23 months will now earn 6% interest. The new rates come into effect from September 6, 2022.
The bank will now offer fixed deposits with maturities ranging from 23 months to less than 2 years at an interest rate of 6.10%. Kotak Mahindra Bank raised interest rates on fixed deposits maturing in 2-10 years to 6%. Fixed deposit rates for terms ranging from 23 months to less than two years, at a rate of 6.10%.
City Union Bank
City Union Bank revised the interest rates on fixed deposits under Rs 2 crore. Following the revision, the bank will now offer interest rates in the range of 4.00% and 6.00% for the general public and 4.00% to 6.25% for seniors. The new rates come into effect from September 1, 2022.
Karnataka Bank
Interest rates on fixed deposits under Rs 2 crore have been updated by Karnataka Bank. The bank has now implemented a new term of one year, on which it will offer an interest rate of 6.20% for the general public and 6.60% for senior citizens. The new rates come into effect from September 1, 2022.