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Our Bureau

Coimbatore, March 3

Karur Vysya Bank has launched KVB 600, a new deposit scheme targeted at senior citizens. Under the scheme, senior citizens would be paid interest at the rate of 10 per cent per annum (the annualised yield would however be around 10.68 per cent), while the other depositors get 9.5 per cent (annualised yield 10.11 per cent) on deposits of 600 days tenure. While both the cumulative and fixed deposit options are available, the bank has fixed the minimum deposit at Rs 10,000.

More Stories on : Fixed Deposits | Private Banks

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