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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Steps to apply for Karur Vysya Bank (KVB) Fixed Deposit

    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:

    • Identity proof
    • Address proof
    • Proof of age

    The options to provide as proof for documents mentioned above are:

    Document Identity Address DOB
    Birth certificate No No Yes
    Insurance policy No No Yes
    School leaving certificate No No Yes
    Electricity bill No Yes No
    Bank account statement No Yes No
    Telephone bill No Yes No
    Certificate from local body/MFI/NGO Yes Yes No
    PAN Card Yes No Yes
    Pension Card Yes Yes Yes
    Letter from employer Yes Yes Yes
    Driving license Yes Yes Yes
    Voters Identity card Yes Yes Yes
    Aadhar Yes Yes Yes
    Government ID card Yes Yes Yes
    Letter from authorized public servant Yes Yes Yes
    Passport Yes Yes Yes
    Ration card 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.

    Steps to open a fixed deposit account through net banking for existing customers

    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

    Karur Vysya Bank Fixed Deposit Reviews

    • Karur Vysya Bank Fixed Deposit
      "Secured Deposit"
      0.5 5.0/5 "Blown Away!"
      Karur Vysya gave me the 9.2% of interest rate for the period of three years, I have deposited the amount around Rs.1.5 lakh. There is no procession fee for the FD account. I went to bank for FD within two hours they opened the service. I could see the transaction through online. I got good benefits from them.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Nov 20, 2018
    • Karur Vysya Bank Fixed Deposit
      "Its Average"
      0.5 3.5/5 "Pretty good"
      I opened the fixed deposit in KVB which is located in my native, interest rate is same like other banks. Customer service is not userfriendly, when I forgot the password to log in my account, I called to the customer care but they didn't give any solution they asked me to visit home branch. But I was living in different location but they did not understand that, they dont have any other option to reset my password. Hence I had withdraw Rs. 2 lakhs from FD account, remaining Rs. 1 lakh was left there.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 07, 2017
    • Karur Vysya Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the fixed deposit account with the Karur Vysya bank and the account got opened within one to two days of time. Tenure is for five years of time and after that it will be get matured. Rate of interest was around 8.5% to 9% on that time with the tax redemption.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 23, 2017
    • Karur Vysya Bank Fixed Deposit
      "Nice"
      0.5 4.0/5 "Great!"
      Primarily , I was holding a savings account with KVB, based on which I had opened a fixed deposit. The interest rate offered by them was very reasonable which was 8.5% and it may extend to 9%. I had visited the branch to open this FD and I carried by ID proof and address proof along with me for the same purpose. I did not get any sort of correspondence regarding this FD but the amount would be credited to my account every month automatically.
      Was this review helpful? 2
      , erode
      Reviewed on Sep 08, 2016
    • Karur Vysya Bank Fixed Deposit
      "Friendly service"
      0.5 4.0/5 "Great!"
      I prefer investing in KARUR VYSYA BANK as the interest rate is on the higher side. The rate of interest offered was around 11.75% as interest rate and the customer service was good. I had deposited for a period of three years of time and I dint face any issues with them. They used to work all the days.
      Was this review helpful? 8
      , chennai
      Reviewed on Jun 09, 2016
    • Karur Vysya Bank Fixed Deposit
      "Good benefits"
      0.5 4.0/5 "Great!"
      I had taken a Fixed deposit scheme with Karur Vysya Bank for a year. The benefit with their scheme is that I can break the deposit at any time and its calculated on the prevailing rate and no deductions are imposed. They also pay the TDS. I had paid around Rs.1.5Lakh for an interest rate of 8.5% which was getting transferred to my savings account.
      Was this review helpful? 7
      , tiruchirapalli
      Reviewed on May 04, 2016
    • Karur Vysya Bank Fixed Deposit
      "For returns Karur Vysya Bank"
      0.5 3.0/5 "Satisfactory"
      I got the fixed deposit account with the Karur Vysya Bank. They are providing good rate of interest to the customers. The services are not much fine with them like they are not moving in the customer friendly manner. Responsiveness is also not so good. Minimum lockin period ranges from seven days to seven years of time.
      Was this review helpful? 6
      , hosur
      Reviewed on Apr 23, 2016
    • Karur Vysya Bank Fixed Deposit
      "Service is best...."
      0.5 2.0/5 "Expected more"
      I put the fixed deposit for seven years. Interest rate was good I guess at Karuru Vysya bank for the fixed deposit. At the time of maturity they give almost double and very glad on that. Service is not hat satisfactory but they done the best. They have to improve on service and they have to process the loan quickly.
      Was this review helpful? 3
      , chennai
      Reviewed on Feb 23, 2016
    • Karur Vysya Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Karur Vysya Bank and I can say that I used to do lot of transaction with the Karur Vysya Bank. The interest rate is good with them and the processing charges were nil with them. Interest rate is good with them for my deposit.
      Was this review helpful? 14
      , bangalore
      Reviewed on Feb 03, 2016
    • Karur Vysya Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit with the Karur Vysya Bank and I have it from the last one year of time. The rate of interest is around 8.5% and the services are very good because they are giving the best customer service and the response. From the point of view with the customers they are very good.
      Was this review helpful? 7
      , bangalore
      Reviewed on Dec 10, 2015
    • Karur Vysya Bank Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I had the fixed deposit account with the Karur Vysya Bank for the rate of interest as 9.5% for the one year of time which is the best on that time. There is no minimum lock in period with them like whenever I want I can withdraw the money but they will debit 1% returns from the interest.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 20, 2015
    • Karur Vysya Bank Fixed Deposit
      "Shake hands"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Karur Vysya bank for the rate of interest which made me happy. Minimum lock in period is optional which is up to us, I used to have around couple of years. Charges are nothing much and I can say that they are transparent to the customers.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 25, 2015
    • Karur Vysya Bank Fixed Deposit
      "Wonderful..."
      0.5 5.0/5 "Blown Away!"
      Like the services of Karur Vysya bank as the employees are reverting immediately and customer service is awesome so I got this fixed deposit. Rate of interest is competitive for FD in comparison to other banks. Actually Karur Vysya is not prolonging any kind of process as they are very fast. Payment option can be chosen by customer as we can chose quarterly, half yearly and yearly mode.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Aug 25, 2015
    • Karur Vysya Bank Fixed Deposit
      "Good bank"
      0.5 4.0/5 "Great!"
      Good bank, nice response, Caring. Offering good interest rate. Most secured. Had joint a/c more than 3 years. No issues so far. Employees are more caring. They will remind us regularly if any form is not submit ex: 15G and happy to associate with this bank.
      Was this review helpful? 10
      , hyderabad
      Reviewed on Jul 17, 2015
    • Karur Vysya Bank Fixed Deposit
      "Better service with higher charges!"
      0.5 4.0/5 "Great!"
      KVB offers better interests in private sector banks. But they also have higher service charges when compared to banks or institutes in private sector. Karur Vaisya Bank doesn't have enough branches available for convinience/easy availability as & when needed.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 02, 2015
    • Karur Vysya Bank Fixed Deposit
      "Moderate!!!"
      0.5 5.0/5 "Blown Away!"
      I deposited one lakh in Karur Vysya bank for fixed deposit in the name of my kid and on quarterly basis the interest accumulates to my account. Employees of the bank are very good. Interest rate is between 8.6%-8.75%, I guess, government banks will provide higher rate than this. I preferred Karur Vysya bank for FD because the process was smooth when compared to government banks. Pre-matured charges are high where Karur Vysya is cutting down the charges.
      Was this review helpful? 5
      , chennai
      Reviewed on Apr 28, 2015
    • Karur Vysya Bank Fixed Deposit
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit with Karur Vyasa bank. The experience was so good and the customer support executive advised me with all the benefits. The response from them was very prompt. The deposit can be taken any time we require money for which there is deduction in the interest rates. They provided me proper follow ups and also excellent services.
      Was this review helpful? 1
      , gandhidham
      Reviewed on Nov 27, 2014
    • Karur Vysya Bank Fixed Deposit
      "Wonderful plan!!!"
      0.5 4.0/5 "Great!"
      If we have Fixed deposit, we can pull cash out in emergency cases. In comparison to other banks, Karur Vysya bank is giving high rate in respect to FD but when I availed the rate was 8.25% but now it increased. Opened FD for tenure of 2 years so I am getting simple interest. Karur Vysya is wonderful in customer service. Branch is very near by my place so it is very convenient to visit branch for any assistance.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 27, 2014
    • Karur Vysya Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I would recommend Karur Vysya bank strongly to my friends as they are not like normal banks and they are somewhat different. They are giving offers like nationalized banks and they wonâ??t charge anything extra. For senior citizen they are offering rate of interest above 10% on fixed deposit but I would say it as moderate rate. I would they are doing good but they can enhance more than what they are giving now. Overall, my experience is really good.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 25, 2014
    • Karur Vysya Bank Fixed Deposit
      "Rate of interest now 9% wef 12-nov-2014"
      0.5 3.5/5 "Pretty good"
      I already had FD, and I was planning for another FD but suddenly the rates got slashed to 9%. Looks like Bankbazar missed this update. Flexi RD is also missing from KVB. I am in need of them. I like their Sunday Banking which is in residential area of our locality.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 18, 2014
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