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Karur Vysya Bank has increased the rates of interest offered on its domestic deposits with effect from February 4. For 46 days to 90 days, the rates have been increased 150 bps to 6 per cent (4.50 per cent).
The bank has introduced a new time bucket, 555 days (KVB555), at 10.25 per cent interest rate. For tax saver deposits, the interest rate has been raised by 75 bps to 9 per cent (8.25 per cent). For 2 to 3 years tenor, the interest rate has been increased by 100 bps to 10 per cent (9 per cent).
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