Recurring Deposit In Karur Vysya Bank

Hii sir, I Wants to get the Information About the KVB Money Mala Plus Recurring Deposit Scheme of the Karur Vysya Bank ?

[pawan]

As you Asking for the Information About the KVB Money Mala Plus Recurring Deposit Scheme of the Karur Vysya Bank the Information is given below

KVB offers a flexible Recurring Deposit Account with an option to remit funds in excess of the committed core amount.

Features
Can be opened by Individuals, Minors, Proprietorship concerns, Partnership firms, HUF, Companies, Institutions, Trusts, Associations, Societies, Clubs
Facility to remit flexi amounts into the account upto 10 times the core amount, subject to a maximum of Rs. 2.00 lakhs
No penalty charges for delayed payments
ROI as applicable to term deposits
Interest calculated on daily product basis and compounded on a quarterly basis
Preclosure and loan facilities available

Period of investment 12, 24 and 36 months

Interest Rates :

Time Bucket Revised interest
(Less than 1 crore) (w.e.f. 07.05.2017)
7 Days to 14 days 5.00%
15 Days to 30 days 5.00%
31 Days to 45 days 5.50%
46 Days to 90 days 6.00%
91 Days to 180 Days 6.90%
181 Days to 270 days 6.75.%
271 Days to less than 1 year 6.75.%
1 year to less than 2 years 6.75.%
2 years to less than 3 years 7.00%
3 years and above 7.00%
KVB Tax Shield 7.00%