Fixed Deposits have been a traditional way of doing savings for many middle-class investors. There are several investment options, but fixed deposits offer a higher interest rate than saving bank deposits. If you are planning to open a Fixed Deposit account in Karur Vysya Bank and looking for the interest rates the bank offers on FDs, then continue reading to know all the details about Karur Vysya Bank Fixed Deposit Rates.
Karur Vysya Bank Fixed Deposit Rates – All You Need to Know
A Scheduled Commercial Bank, Karur Vysya Bank is one of the leading banks in India with 100 years of operation and is headquartered in Karur in Tamil Nadu. The bank offers several types of fixed deposits, including KVB Tax Shield Fixed Deposit, Regular Fixed Deposit and Term Deposits. The highest rate of interest offered by Karur Vysya Bank on FDs for regular citizens is 5.75% per annum, whereas it is 6.15% per annum for senior citizens FD.
You can apply for a fixed deposit in Karur Vysya Bank by visiting the nearest branch or online through mobile banking. Keep scrolling to learn about KVB Fixed Deposit Interest Rates.
KVB Domestic Term Deposit Rates
Fixed Deposit Interest Rates for General Public (for Deposits of Less than 2 Crores)
| Tenure | Interest Rate for General Public (Per Annum) |
| 7 days to 14 days | 3.50% |
| 15 days to 30 days | 3.75% |
| 31 days to 45 days | 3.75% |
| 46 days to 60 days | 3.75% |
| 61 days to 90 days | 3.75% |
| 91 days to 120 days | 4.00% |
| 121 day to 180 days | 4.75% |
| 181 days to 210 days | 4.75% |
| 211 days to 270 days | 4.75% |
| 271 days or less than 1 year | 5.00% |
| 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% |
Note: The above rates came into effect on 1 January 2023.
Fixed Deposit Interest Rates for Senior Citizens (for Deposits of Less than 2 Crores)
| Tenure | Interest Rate for Senior Citizens (Per Annum) |
| 1 year to less than 2 years | 6.00% |
| 2 years to less than 3 years | 6.00% |
| 3 years to less than 5 years | 6.15% |
| 5 years and above | 6.00% |
Note: The above rates came into effect on 1 January 2022.
KVB Bulk Deposit Rates
Fixed Deposit Interest Rates (Premature Withdrawal Allowed)
| Tenure | Rs 2 Crore to Less than Rs 5 Crore | Rs 5 Crore to Less than Rs 10 Crore | Rs 10 Crore to Less than Rs 25 Crore | Rs 25 Crore and above |
| 7 days to 14 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 15 days to 30 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 31 days to 45 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 46 days to 60 days | 3.00% | 3.00% | 3.00% | 3.00% |
| 61 days to 90 days | 3.00% | 3.00% | 3.00% | 3.00% |
| 91 days to 120 days | 3.50% | 3.50% | 3.50% | 3.50% |
| 121 days to 180 days | 3.50% | 3.50% | 3.50% | 3.50% |
| 181 days to 210 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 211 days to 270 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 271 days or less than 1 year | 4.00% | 4.00% | 4.00% | 4.00% |
| 1 year to less than 2 years | 4.50% | 4.50% | 4.50% | 4.50% |
| 2 years to less than 3 years | 4.50% | 4.50% | 4.50% | 4.50% |
| 3 years to less than 5 years | 4.50% | 4.50% | 4.50% | 4.50% |
Note: The above Karur Vysya Bank FD rates came into effect on 15 March 2023.
Fixed Deposit Interest Rates (Premature Withdrawal Not Allowed)
| Tenure | Rs 2 Crore to Less than Rs 5 Crore | Rs 5 Crore to Less than Rs 10 Crore | Rs 10 Crore to Less than Rs 25 Crore | Rs 25 Crore and above |
| 7 days to 14 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 15 days to 30 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 31 days to 45 days | 2.75% | 2.75% | 2.75% | 2.75% |
| 46 days to 60 days | 3.00% | 3.00% | 3.00% | 3.00% |
| 61 days to 90 days | 3.00% | 3.00% | 3.00% | 3.00% |
| 91 days to 120 days | 3.50% | 3.50% | 3.50% | 3.50% |
| 121 days to 180 days | 3.50% | 3.50% | 3.50% | 3.50% |
| 181 days to 210 days | 4.00% | 4.00% | 4.00% | 4.00% |
| 211 days to 270 days | 4.00% | 4.00% | 4.00% | 4.00% |
| 271 days or less than 1 year | 4.25% | 4.25% | 4.25% | 4.25% |
| 1 year to less than 2 years | 5.00% | 5.00% | 5.00% | 5.00% |
| 2 years to less than 3 years | 5.00% | 5.00% | 5.00% | 5.00% |
| 3 years to less than 5 years | 5.00% | 5.00% | 5.00% | 5.00% |
Note: The above KVB FD rates came into effect on 15 March 2023.
Karur Vyasa Bank Tax Saving Fixed Deposit Rates – KVB Tax Shield Scheme
| Tenure | Interest Rate for General Public (Per Annum) | Interest rate for Senior Citizens (Per Annum) |
| 5 years | 6.00% | 6.00% |
Karur Vysya Bank Flexi Term Deposits
| Tenure | Interest Rate (Per Annum) |
| 300 days | 3.50% |
Karur Vysya Bank NRI FD Rates
NRI Fixed Deposit Interest Rates for General Public (for Deposits of Less than Rs 2 Crore)
| Tenure | Interest Rate for General Public (Per Annum) |
| 1 year to less than 2 years | 5.15% |
| 2 years to less than 3 years | 5.25% |
| 3 years to less than 5 years | 5.40% |
| 5 years and above | 5.60% |
Note: The above rates came into effect on 1 January 2023.
NRI Fixed Deposit Interest Rates for Senior Citizens (for Deposits of Less than Rs 2 Crore)
| Tenure | Interest Rate for Senior Citizens (Per Annum) |
| 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% |
Note: The above rates came into effect on 1 January 2023.
NRI Fixed Deposit Interest Rates for General Public (for Deposits of Less than Rs 2 Crore)
| Tenure | Interest Rate for General Public (Per Annum) |
| 7 days to 14 days | 3.50% |
| 15 days to 30 days | 3.75% |
| 31 days to 45 days | 3.75% |
| 46 days to 60 days | 3.75% |
| 61 days to 90 days | 3.75% |
| 91 days to 120 days | 4.00% |
| 121 days to 180 days | 4.75% |
| 181 days to 210 days | 4.75% |
| 211 days to 270 days | 4.75% |
| 271 days or less than 1 year | 5.00% |
| 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% |
Note: The above rates came into effect on 1 January 2023.
NRI Fixed Deposit Interest Rates for Senior Citizens (for Deposits of Less than Rs 2 Crore)
| Tenure | Interest Rate for Senior Citizens (Per Annum) |
| 1 year to less than 2 years | 6.00% |
| 2 years to less than 3 years | 6.00% |
| 3 years to less than 5 years | 6.15% |
| 5 years and above | 6.00% |
Note: The above rates came into effect on 1 January 2022.
Karur Vysya Bank FCNR (B) Deposit Interest Rates
Check below the KVB FD Interest Rates against specific foreign currency:
| Tenure | Karur Vysya Bank FCNR (B) FD Rate (Per Annum) | |||||
| USD | GBP | EUR | JPY | CAD | AUD | |
| 1 year to less than 2 years | 1.42 | 0.88 | 0.50 | 0.72 | 1.09 | 0.62 |
| 2 years to less than 3 years | 1.35 | 1.07 | 0.54 | 0.74 | 1.20 | 0.71 |
| 3 years to less than 4 years | 1.85 | 0.94 | 0.61 | 0.75 | 1.73 | 1.15 |
| 4 years to less than 5 years | 1.92 | 1.09 | 0.68 | 0.76 | 1.97 | 1.43 |
| 5 years only | 2.13 | 1.19 | 0.76 | 0.77 | 2.15 | 1.67 |
Note: The above rates came into effect on 1 January 2023.
Features and Benefits of Karur Vysya Bank Fixed Deposits
Let’s check some of the impressive features and benefits of Karur Vysya Bank Fixed Deposits:
- You get loan facilities available on fixed deposits
- Fixed deposits in KVB can be opened by individuals, Trusts, HUF, etc.
- Fixed deposits in KVB have a nomination facility
- KVB offers a premature closure facility
- The bank offers interest payout options for half-yearly, quarterly as well as monthly
Eligibility Criteria for KVB Fixed Deposits
Here is the list of people or entities eligible for KVB fixed deposits:
- Individuals
- Sole Proprietors
- Limited Companies
- Partnership Firms
- Trusts
- HUFs
- Associations
Documents Required for KVB Fixed Deposits
The documents required for fixed deposits in KVB are as follows:
- Identity Proof
- Aadhaar Card
- Driving License
- Passport
- PAN Card
- Senior citizen ID (if any)
- Voter ID or Photo ID card issued by the government
- Address Proof:
- Electricity, Telephone Bill or other Utility bills
- Passport
Types of Fixed Deposit Schemes by Karur Vysya Bank
Here is the list of fixed deposit schemes offered by Karur Vysya Bank:
- Fixed Deposits for General Citizens and NRIs, including NREs and NROs
- Fixed Deposits for Senior Citizens
- KVB Tax Shield Scheme
- Karur Vysya Bank Flexi Term Deposit Scheme
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Frequently Asked Questions (FAQs)
Can we avail of a loan against FD with KVB?
Yes, KVB offers a loan against the FD facility to its customers.
Do I need to provide my PAN card while applying for a Fixed Deposit in KVB?
Yes, it is mandatory to provide PAN card details while applying for a Fixed Deposit in KVB.
Do we get the nomination facility for Karur Vysya Bank Fixed Deposits?
Yes, you can avail nomination facility for Fixed Deposits in Karur Vysya Bank.
What is the highest interest rate available for Fixed Deposits in KVB?
The highest interest rates on Fixed Deposits in KVB include 6% for domestic and NRI (NRE and NRO) deposits and 6.15% for senior citizen deposits.
Can we open an FD account online in KVB?
Yes. You can open an FD account online in KVB through its official portal.
