Karur Vysya Bank (KVB) Fixed Deposit Rate

and 2 other FDs

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Deposit Amount Range

Tenure Range

Interest Rate

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Up to ₹1Cr

7 Days to 10 Years

5% - 7.5% Quarterly compounding

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Up to ₹1Cr

1 Year onwards

6.75% - 7% Quarterly compounding

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Up to ₹25L

1 Year to 5 Years

7.39% - 7.95% Monthly compounding

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Up to ₹25L

1 Year to 5 Years

7.39% - 7.95% Monthly compounding

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Karur Vysya Bank (KVB) Fixed Deposit Rate is Rated as "Excellent!" by 24 Users

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Karur Vysya Bank (KVB) Fixed Deposit Rate

Karur Vysya Bank (KVB) was established in the year 1916 and is one of the leading and trusted banks in the country. KVB fixed deposit schemes pay high interest rates to all deposit holders and has a wide range of interest payout options. The bank has a variety of fixed deposits such as regular FDs, KVB Tax-Shield FD, Regular and Senior Citizen term deposits. A high interest rate of up to 7.00% p.a. is paid on KVB fixed deposits on selected tenures. All senior citizens can enjoy the benefits of higher interest rates. Customers can apply for KVB Bank FDs online through mobile or internet banking.

Given below are the updated interest rates on Karur Vysya Bank (KVB) fixed deposits, for Regular and Senior Citizen fixed deposits:

a) KVB domestic term deposit rates

Karur Vysya Bank (KVB) FD rates 2018
Tenure	Regular Interest Rate (per annum)	Senior Citizen Interest Rate (per annum)
7 days to 30 days	5.00%	NA
31 days to 45 days	5.50%	NA
46 days to 90 days	6.00%	NA
91 days to 180 days	6.90%	NA
181 days to below 1 year	6.75%	NA
1 year to less than 2 years	6.75%	7.25%
2 years and above	7.00%	7.50%

*The above interest rates are for investments less than Rs.1 crore

b) KVB 5-year tax saving FD rates

Karur Vysya Bank (KVB) Tax Saver FD rates 2018
Tenure	Regular Interest Rate (per annum)	Senior Citizen Interest Rate (per annum)
5 years to 10 years	7.00%	7.00%

*The above interest rates are for investments less than Rs.1 crore

c) KVB Flexi deposit FD rates

Karur Vysya Bank (KVB) Flexi FD rates 2018
Tenure	Regular Interest Rate (per annum)	Senior Citizen Interest Rate (per annum)
300 days	6.50%	NA

*The above interest rates are for investments less than Rs.1 crore

Key points to note:

Those who want to invest more than Rs.1 crore will have to contact the bank before doing so.
Senior citizens will not be able to invest more than Rs.3 crore.

Karur Vysya Bank Fixed Deposit Interest Rates

KVB Bank pays a very competitive interest rate on all of their term deposits. The rate of interest paid is higher for a longer tenure and lesser for a shorter tenure. This is with exception to deposits that are held from 91 days to 180 days, where the interest rate is 6.90% p.a., higher than longer tenures. The bank also gives those who are 60 years and above a higher interest percentage on fixed deposits. The bank offers short, medium and long-term deposits for customers. Lets us look at them in a more detailed manner below.

Karur Vysya Bank short-term FD interest rates

There are different time frames one can choose when it comes to short-term FDs, and this ranges from a minimum of 7 days to a maximum of 364 days.
The interest that is paid on these fixed deposits range from 5.00% p.a. to 6.90% p.a.
The highest rate of interest of 6.90% p.a. is paid for a tenure that is from 91 days to 180 days.
If an investment is made from 7 days to 30 days, it will fetch you an annual gain percentage of 5.00% p.a.
For 271 days to 364 days, the rate of interest paid is 6.75% p.a., and for 46 days to 90 days the rate paid is 6.00% p.a.
Investors can also put their money for 300 days in the Flexi FD scheme and gain interest at the rate of 6.50% p.a.

Karur Vysya Bank medium-term FD interest rates

The tenure for medium term deposits range from 1 year to less than 3 years.
An interest rate of 6.75% p.a. is paid on such fixed deposit schemes.
This is an ideal option for those who want to meet their financial goals in a certain fixed period of time like a child’s education or a big purchase.
Investments can be made from 1 year to below 2 years and from 2 years to less 3 years.
The rate of interest that is paid on all tenures is the same (6.75% p.a.) in this investment slab.

Karur Vysya Bank long-term FD interest rates

Long-term term deposit pay a high rate of return when compared to short or medium term deposits.
A lucrative interest rate of 7.00% p.a is paid on all long-term deposits that are offered by the bank.
Customers who are seeking tax benefits can go for the tax-saver FD scheme that comes with a lock-in period of 5 years
Those investing in the KVB Tax Shield deposit will be eligible to claim tax exemption under Section 80C of the Income Tax Act

Know more about KVB Bank Bank fixed deposits

Apply for KVB Bank fixed deposits online

Those who want to invest in a fixed deposit can do so online by logging on to the bank website. Customers have the flexibility to open an FD account through various channels such as internet and mobile banking. Those who already have a savings account with the bank, can log in to their internet banking accounts and open a deposit.

Types of fixed deposits

When it comes to fixed deposits the bank offers a range of options for customers. Customers can choose to go for tax saver term deposits, regular term deposits, senior citizen deposits or Rainbow deposits. Rainbow deposits are an integration between a savings account and a fixed deposit account and offers holders a ‘high liquidity’ assurance.

Deposits for NRIs

KVB offers a wide range of deposit options for NRIs to help them save their foreign earnings and gain a high rate of return out of the same. The bank offers FCNR deposits in most of the foreign currencies such as USD, GBP, EUR, CAD and AUD. The bank also offers NRE deposits.

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News About Karur Vysya Bank Fixed Deposit Rate

Revised Interest Rates of Karur Vysya Bank

Karur Vysya has short-term fixed deposits that have a period of 7-14 days and fetch an attractive interest rate of 6% per annum. This is more than compared to the rates that other competitor banks are offering.

The interest rates on term deposits less than Rs. 1 crore for regular and senior citizens, with effect from November 23, 2015, have been revised. The current rate of interest has been slashed by 0.25% and is 7.50% as against the previous rate of 7.75% for the tenor of 271 days to less than 1 year. There are four different slabs for tenors between 1 year and above 3 years - 1 year to less than 2 years; 2 years to less than 3 years; 3 years and above. The interest rates have been slashed from 8% to 7.75%. Even for the KVB tax shield, the rate has been reduced to 7.75% from the previous 8%.

Term deposits for senior citizens have also undergone interest rate cuts. In the tenor slab of 1 year to less than 2 years; 2 years to less than 3 years; 3 years to 5 years, the rate of interest has been slashed from 8.50% to the current rate of 8.25%. The rates KVB Tax Shield Deposits have also got rate cuts from 8.25% to 8%.

23 November 2015

Other Products from Karur Vysya Bank

Karur Vysya Bank Fixed Deposit Reviews

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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.

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ABINAYA PARTHIBAN , chennai
Reviewed on Sep 07, 2017
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.

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MADHURI DODDU , hyderabad
Reviewed on May 23, 2017
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.

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SACHIN KANNA , erode
Reviewed on Sep 08, 2016
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.

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KUMARASWAMI RAMACHANDRAN , chennai
Reviewed on Jun 09, 2016
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.

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BALAMURUGAN MURUGAN , tiruchirapalli
Reviewed on May 04, 2016
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.

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SIVAKUMAR S , hosur
Reviewed on Apr 23, 2016
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.

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BALASUBRAMANIAN G , chennai
Reviewed on Feb 23, 2016
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.

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ADHIYAMAAN ORI , bangalore
Reviewed on Feb 03, 2016
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.

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SATISH B K , bangalore
Reviewed on Dec 10, 2015
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.

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KALIMANI K , chennai
Reviewed on Oct 20, 2015
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.

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RADHA KRISHNA GUDURI , hyderabad
Reviewed on Sep 25, 2015
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.

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JOHNSON D , coimbatore
Reviewed on Aug 25, 2015
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.

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Ravi , hyderabad
Reviewed on Jul 17, 2015
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.

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Nelson Philipangel , bangalore
Reviewed on Jun 02, 2015
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.

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SHANMUGAM NADAR VIJAY GANESH S , chennai
Reviewed on Apr 28, 2015
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.

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AASHISH ASHOKBHAI NAWARE , gandhidham
Reviewed on Nov 27, 2014
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.

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RANJAN GHOSH , bangalore
Reviewed on Nov 27, 2014
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.

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MOTHISH P J , chennai
Reviewed on Nov 25, 2014
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.

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Mahendhar , hyderabad
Reviewed on Nov 18, 2014
Fixed Deposit

"Good service"

0.5 5.0/5 "Blown Away!"

I do have one fixed deposit from karur vysya bank . Very good customer service . Excellent and awesome. When I applied for home loan they processed within 5 days of time based on my fixed deposit account. Very perfect . Totally I am very much happy about their service

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GOPALASAMUDRAM VENKATASUBRAMANIAN VENKATAKRISHNAN , bangalore
Reviewed on Oct 11, 2014