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Old 11th December 2017, 03:21 PM
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Join Date: Aug 2012
Posts: 40,739
Default Re: RD In Karur Vysya Bank

On your reference I will get the details of Karur Vysya Bank Limited, Rainbow Deposit scheme so that you can go through it.

Features
Can be opened in the names of individuals singly / jointly / with either or survivor options

After retaining a balance of Rs. 15000/- in the SB portion of the account, amounts in multiples of Rs. 5000/- will be swept out to FD portion for a period of 91 days at EOD every Sunday.

In the event of honoring cheque issued in the SB account, sweep in into the SB account will be in units of Rs. 5000/- in LIFO method.

Free Accident Insurance (death) coverage of Rs.1.00 lakhs

Nomination facility available

Terms and conditions
Sweep out to FD portion will be only in multiples of Rs. 5000/- accumulated over the balance of Rs. 15000/- at EOD every Sunday.

Period of deposit will be 91 days only

Only simple interest at rates applicable on date of sweep out will be payable.

Senior Citizens are not eligible for preferential rate of interest

Other types of deposits
Thirumagal Thirumana Thittam

Fixed Deposits

Senior Citizen Deposits

KVB Manimala

KVB Money Mala Plus

KVB Tax-Shield

Address:-
Karur Vysya Bank Limited
Registered & Central Office
Post Box No.- 21
Erode Road, Karur - 639002

Phone:-
04324 - 269000
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