Applying for a Karur Vysya Bank (KVB) fixed deposit is quite simple if all documentation is in place. The bank offers a good rate of return and it is advisable for prospective customers to first go compare all KVB FD interest rates before beginning the application process.
The following is the process involved in opening a Karur Vysya Fixed Deposit account for new customers:
Step 1: Go to the link http://www.kvb.co.in/pdf/accountOpening.pdf and download the application form.
Step 2: Take a print out of the fixed deposit account opening form and fill in all the details required.
Step 3: The details include name of the account holder or the customer, customer ID, the existing account number if the customer already has an account in the bank, the address of the customer, term period of the deposit, the amount to be deposited in the account, payment instructions, operational and nomination details.
Step 4: Once you have filled out all the details in the form after taking a printout, address it to the branch manager of Karur Vysya Bank in your area.
Step 5: Gather the list of required documents mentioned below:
|School leaving certificate||No||No||Yes|
|Bank account statement||No||Yes||No|
|Certificate from local body/MFI/NGO||Yes||Yes||No|
|Letter from employer||Yes||Yes||Yes|
|Voters Identity card||Yes||Yes||Yes|
|Government ID card||Yes||Yes||Yes|
|Letter from authorized public servant||Yes||Yes||Yes|
Step 6: After you have filled all the details in the term deposit account opening form, visit the Karur Vysya branch in your area and submit the form along with all the required documents and photocopies.
Step 7: After you have submitted the documents and the term deposit account opening form, it will be verified by the bank.
Step 8: After the verification of your documents are completed by the bank, you are officially a fixed deposit account holder in the Karur Vysya Bank. Then, you need to deposit a minimum amount of Rs.100 in the fixed deposit account.
Step 1: Visit the website of Karur Vysya Bank. On the website, click on the ‘net banking’ option. In the net banking option, click on ‘term deposits’.
Step 2: Log in to your net banking account on the Karur Vysya Bank using your unique credentials.
Step 3: Select the type of fixed deposit account you want to create.
Step 4: If you have more than one existing account in the bank, select the bank account from which you want to transfer funds to the new account.
Step 5: Fill the principal amount you want to store in the newly created Fixed Deposit account. Select ‘Senior Citizen’ if you are above 60 years of age.
Step 6: Choose the maturity instructions and then accept the terms and conditions and click on the ‘submit’ button to successfully open a Fixed Deposit account.
To Know Complete Detail about Karur Vysya Bank Fixed Deposit Click Here
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