KVB Bank FD Calculator

KVB Bank FD Calculator is a user-friendly tool that allows investors to contrive their life-stage financial goals.

Investors can effortlessly access the KVB Bank FD Calculator through the bank's official website. With KVB Bank Deposit Schemes, an individual has the option to choose their investment period, which includes a bar between a minimum term of 15 days and a maximum term of 120 months or ten years. KVB Bank Deposit Schemes offer its investors the flexibility and appealing interest rates to build a proficient depository. It becomes quite hectic for the investors to choose the correct option which will yield amounts according to their financial goals. This is the moment when KVB Bank FD Calculator acts as a saviour.

How KVB Bank FD Calculator Work?

KVB Bank provides multiple options for the investors, which includes Fixed Deposit Schemes and Bulk Term Schemes as a popular choice. The investors shall know about the interest rates applied to the two schemes before investing in them. The KVB Bank FD Calculator will show the amount payable at maturity according to the selected scheme tenure by the applicant.

Interest rates vary based on schemes, domestic residents, NRIs, and tenure. Preferable interest rates are provided to senior citizens, including age, to vary the interest rates. The different charts according to the KVB fixed deposits interest rates calculator are mentioned below:

Domestic Term Deposits (w.e.f. 11/01/2021)

Time Bucket

Revised Rates (less than 2 Crore) (%)

7 - 14 days

3.50

15 - 30 days

3.75

31 - 45 days

3.75

46 - 90 days

3.75

91 - 120 days

4.00

121 - 180 days

4.75

181 - 270 days

4.75

271 to below 1 year

5.00

1 year to below 2 years

5.50

2 years to below 3 years

5.50

3 years to below 5 years

5.65

Above 5 years

5.75

KVB Tax Shield

6.00

Penal Interest is applicable on pre-closure of the account.

Senior Citizens Deposits (w.e.f. 11/01/2021)

Time Bucket

Revised Rates (%)

1 year to less than 2 years

6.00

2 years to less than 3 years

6.15

3 years to less than 5 years

6.15

KVB Tax Shield

6.00

 Senior Citizen rates are not available for NRIs.

 The maximum Ceiling Limit for Senior Citizens is Rs 3 Crore.

Flexi Term Deposits (w.e.f. 11/01/2021)

Time Bucket

Revised Rates

300 days

3.50 %

Bulk Deposit Interest Rates (w.e.f. 21/05/2021)

Deposit

 Rs 2 Crore to < Rs 5 Crore

Rs 5 Crore to < Rs 10 Crore

Rs 10 Crore to < Rs 25 Crore

>Rs 25 Crore

Tenure

PW (A)

PW (NA)

PW (A)

PW (NA)

PW (A)

PW(NA)

PW(A)

PW (NA)

7 days – 14 days

2.75%

2. 75%

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

15 days – 30 days

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

31 days – 45 days

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

2.75%

46 days – 90 days

3.00%

3.00%

3.00%

3.00%

3.00%

3.00%

3.00%

3.00%

91 days- 180 days

3.50%

3.50%

3.50%

3.50%

3.50%

3.50%

3.50%

3.50%

181 days-270days

3.75%

4.00%

3.75%

4.00%

3.75%

4.00%

3.75%

4.00%

271 days to <1 yr

4.00%

4.25%

4.00%

4.25%

4.00%

4.25%

4.00%

4.25%

1 year to <2 years

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

2 yrs to < 3 years

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

3 yrs to < 5 years

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

4.75%

5.25%

 

 

 

 

 

 

 

 

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Legends

PW (A) – Premature Withdrawal Allowed

PW (NA) – Premature Withdrawal Not Allowed

Yr – Year

Cr – Crore

Mentioned Rates are subjected to change.

Penal Interest is applicable on pre-closure of deposits.

Rate of Interest on NRE Deposits (w.e.f. 11/01/2021)

Time Bucket

Revised Rate

1 year to less than 2 years

5.50%

2 years to less than 3 years

5.50%

3 years to less than 5 years

5.65%

5 years and above

5.75%

Revised rates are applicable to only new and renewed deposits.

Penal Interest is applicable on pre-closure deposits.

 

The above tables show the essential components that affect the maturity amount and provide the rates of interest on which the KVB Bank FD Calculator works.

FD interest have fallen consistently over the last 5 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
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Simple Interest vs. Compound Interest

An essential thing to know is what type of interest is added to the invested amount. Many banks have the service of providing simple interests for a period of fewer than six months and compound interest for more than that. But in the KVB Fixed Deposit Scheme, all the deposits are eligible for only simple interests. Now an individual might ask about the difference between the two interests.  To know the difference, one must get the knowledge about their definition:

  • Simple Interest:Simple Interest is an interest calculated on the original contribution or investment in a deposit account. The formula expresses it:

I = Pnr, here I stand for the interest amount, P is the principal amount, n is the time period, and r is the applicable rate of interest.

  • Compound Interest:Compound Interest, on the other hand, is the interest calculated on principal, which also involves accumulated interests from previous periods.

The KVB Bank FD Calculator calculates deposit amounts as per simple interest and requires the applicants to fill up some essential credentials in order to get a reliable deposit amount.

How to use KVB Bank Fixed Deposit Calculator?

The KVB Bank FD Calculator is a tech-abled and user-friendly method that any investor can use at their convenience. The FD calculator can be efficiently accessed through the KVB Bank's official website. PolicyBazaar has also authorized a similar tool that allows the applicants to operate the KVB Bank FD Calculator through the portal of Policy Bazaar. This is an easy, error-free, and quick method of calculating the deposit amount, which will be a tedious task manually. One can easily follow the mentioned process to use the KVB Bank FD Calculator from the website of PolicyBazaar:

  • Visit the official website of PolicyBazaar.
  • Search for FD Calculator on the website.
  • Select the option of “KVB Bank FD Calculator."
  • Input the principal amount.
  • Choose the deposition term.
  • Choose the type of fixed deposit, which includes when one wants the interest to be paid (maturity, monthly, half-yearly, quarterly).
  • Click on "Calculate."
  • The calculator will show the maturity amount.

There are no limits on the usage of the FD Calculator, and investors can easily use it multiple times to plan their financial goals.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Advantages of Using KVB Bank FD Calculator:

It is crystal clear about the importance of the KVB Bank FD Calculator and why an individual shall use it before depositing their idle money. The KVB Bank FD Calculator has been a perpetual and digital method of convenience for investors. Since it is a computerized tool, the error in manual calculation and comparison within different tenure and types of deposits becomes easier for the applicants. Some of the critical advantages of using the KVB Bank FD Calculator are:

  • No effort is required in operating the calculator.
  • Accessible at various digital portals.
  • The final maturity value with interest amount and the interest value is shown separately for the investors to compare.
  • Accurate and reliable results are evaluated.

How Can KVB Bank Fixed Deposit Calculator Help?

  • KVB Bank offers flexible options in its FD Schemes like any other Indian Bank.  Investors often find it confounding to choose a particular option from a diverse range. Every individual wants to maximize their idle earnings and a higher yield. The standard rule for an efficient result is that interest rates and outcomes are directly proportional to each other. This means if the interest rates are high, then the investors' money will be utilized more.
  • The KVB Bank FD Calculatorallows the investors to get an inclusive idea about the interest rates. The calculator evaluates the amount handed to the investors at maturity by asking for some required credentials. The calculator helps the investors plan their financial goals by providing them with the financial corpus at the time of maturity. However, Fixed Deposits Schemes have a maximum limit of Rs 2 Crore. Those individuals who want to invest more than Rs 2 Crore can invest in Bulk Deposits Account.

FAQs

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. 

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

**Tax benefit is subject to changes in tax laws. Standard T&C apply.

Written By: PolicyBazaar - Updated: 24 June 2021
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