Karur Vysya Bank will offer an interest rate of 2.25 percent if the balance in the savings account is less than Rs.5 lakh at the end of the day. And this same Rs.5 lakh to Rs. If it is less than 10 lakhs then 2.50 percent interest will be charged. And end of the balance from Rs.10 lakh to Rs. If within crore.. 3 percent interest rate is applicable. Rs. If the balance is between Rs.100 crore and Rs.3.25 per cent interest will be earned. It is noteworthy that the interest rate on savings accounts from Rs.100 crores to Rs.150 crores is 5 percent. Finally, Karur Vysya Bank has fixed the maximum interest rate at 5.25 percent if the bank balance is more than Rs.150 crores.
Banks are closed for 10 days.. This is the list of holidays.. Check those things now!
Karur Vysya Bank has recently announced a huge profit for the third quarter of the financial year 2022-23. Compared to the same quarter of the previous year, the net profit increased by 56.2 percent to Rs.289 crore. In the previous financial year it was only Rs.185 crores. It announced an operating profit of Rs.689 crore. And the net income also increased by 29.4 percent to Rs.889 crores.
You can open SBI savings account without going to the bank.. How to see here..
Most people know that banks usually give interest on fixed deposits. But most people may not know that savings accounts also provide interest. It depends on the daily closing balance. But this interest is credited to your account once every 3 months or 6 months or every year. Banks usually deposit interest money once every quarter.
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