Karur Vysya Bank (KVB) has launched a promotion for a 333-day Fixed Deposit (FD) scheme that pays a yield of 6.65% per annum to regular clients if you want to invest for a short time, at minimal risk, but pretty good returns. The offer, which is for a limited time, is perfect for people who want to get a little more than what their savings account pays them but do not want to tie up their money for long periods of time.
What Is the 333-Day FD Scheme?
The Karur Vysya Bank, among private sector banks, is the top one and has come with a unique 333-day maturity slab that features a generous 6.65% annual interest rate. Well, this happens to be the case for deposits up to ₹3 crore—the adults only option of the bank’s modified FD varieties, which is released prior to the Reserve Bank of India’s monetary policy updates.
A scheme that attracts short-term investors during the festive period is the limited-time offer.
Key Features of the 333-Day FD Scheme
| Feature | Details |
|---|---|
| Tenure | 333 Days |
| Interest Rate (General) | 6.65% per annum |
| Interest Rate (Senior Citizens) | Likely higher (check with bank) |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | Up to ₹2 crore |
| Interest Payout | On maturity or periodic (as chosen) |
| Premature Withdrawal | Allowed with 1% penalty |
| Scheme Validity | Limited-time festive offer |
Why Choose This FD?
✅ Higher Returns: 6.65% is better than most savings accounts and short-term FDs
✅ Short-Term Commitment: Less than 1 year lock-in
✅ Safe Investment: Offered by a trusted private sector bank
✅ Flexible Options: Choose payout frequency and deposit size
✅ Ideal for Festive Planning: Great for year-end savings or gift planning
Final Thoughts
The 333-Day FD Scheme from Karur Vysya Bank would be ideal for investors with a conservative approach who are in quest of high returns in under a year. The attractive rate of 6.65% plus the possibility of flexible terms of investment make it a safe and very much possible way of growing one’s money. The decision is yours—don’t hesitate, as it is a time-limited offer, so hurry up and go to your closest KVB branch or visit their official website to get started!
