Karur Vysya Bank Fixed Deposit Rates

Karur Vyasa Bank offers various types of fixed deposits such as KVB Tax Shield fixed deposit, regular FD and also term deposits for senior citizens. The highest rate of interest offered by KVB fixed deposits for regular citizens is 7.00% per annum and for senior citizens, the rate is much higher.

Customers can apply for a fixed deposit by visiting the branch of the bank or can also do through internet or mobile banking.

Domestic Term deposit by KVB

• KVB’s fixed deposit scheme can be opened by individuals, partnership firms, trusts as well as various companies.
• The fixed deposit has the feature of nomination.
• Interest on term deposits will be calculated on a quarterly, half-yearly or yearly basis depending on the depositor.
• The minimum amount to open a fixed deposit is Rs.100.
• Tenure of a fixed deposit account is a minimum of 15 days and a maximum of 10 years.
• Amount earned on interest will be taxed.

Karur Vysya Bank short-term FD interest rates

• Maximum KVB short-term FD rate: 6.90% p.a.
• Maturity range: 7 days to 1 year
• Rates available: 5.00% p.a. to 6.90% p.a.

Karur Vysya Bank medium-term Fixed Deposit rates

• Highest KVB Fixed Deposit rate: 7.25% p.a.
• Tenure band: 1 year to 5 years
• Interest rates available: 7.00% p.a. to 7.25% p.a.

Karur Vysya Bank long-term Deposit rates

• KVB long-term FD rate: 7.00% p.a.
• Tenure bracket: Above 5 years

Karur Vysya Bank Senior Citizen Term Deposit rates

• 0.50% higher FD rates for senior citizens for tenure between 1 year and 3 years
• Highest KVB Senior Citizen FD rate: 7.75% p.a.

Karur Vysya Bank Term Deposit rates: Rs.1 crore to Rs.10 crore

*The Karur Vysya Bank FD rates are subject to change at the discretion of the bank. The interest rates given in the table are applicable as of 11 February 2019.

Karur Vyasa Bank Tax-Shield Fixed Deposit

Under this type of fixed deposit offered by KVB, the deposits made will be qualified for tax benefits under Section 80C of the Income Tax Act. A sum upto Rs.1.50 lakh can be exempted under this tax benefit.

This scheme is available for a fixed period of 5 years and the minimum amount required for the account is Rs.100. Maximum amount is Rs.1.50 lakh.

KVB Tax Shield Term Deposit rates

Tenure	Rate of interest(regular citizens) p.a.	Rate of interest(Senior citizens) p.a.
5 years	7.00%	7.00%

*The KVB Tax Shield FD rates are subject to change at the discretion of the bank. The interest rates given in the table are applicable as of 11 February 2019.

Karur Vyasa Bank Flexi-term deposits

This type of term deposit is for a fixed period of 300 days and also a fixed rate of interest of 6.50% per annum.

Penalty for premature closure of Karur Vysya FD

NRE Term Deposits by KVB

Karur Vyasa Bank also offers fixed deposit schemes for Non Resident Indians who want to opt for saving their earnings abroad and also avail the higher interest rates offered in the country.

The minimum tenure for a NRE term deposit is 1 year and can go above 3 years.

KVB NRE Term Deposit rates

Maturity band	Regular NRE FD rates p.a.
1 year to 2 years	7.25%
2 years to 3 years	7.25%
3 years	7.00%
Above 3 years	7.00%

*The Karur Vysya NRE FD rates are subject to change at the discretion of the bank. The interest rates are valid as of 11 February 2019.

KVB NRO Fixed Deposit rates

Maturity band	Regular NRE FD rates p.a.
7 to 30 days	5.00%
31days to 45 days	5.50%
46 days to 90 days	6.00%
91 days to 180 days	6.90%
181 days to 1 year	6.75%
1 year to 3 years	7.25%
3 years	7.00%
Above 3 years	7.00%

*The Karur Vysya NRO FD rates are subject to change at the discretion of the bank. The interest rates are valid as of 11 February 2019.

KVB FCNR (Foreign Currency Non-Resident) deposits

Karur Vyasa Bank also offers fixed deposits for foreign currencies. The minimum tenure is 1 year and the maximum is 5 years. The currencies accepted are United States Dollar, Australian Dollar, Great Britain Pound, Japanese Yen and Canadian Dollar.

KVB FCNR (B) FD interest rates

Maturity band	GBP	AUD	USD	EUR	CAD	JPY
12 months to 24 months	1.72%	2.48 %	3.96%	0.81%	2.95%	0.76%
24 months to 36 months	1.86%	2.41%	3.73%	0.86%	2.71%	0.75%
36 months to 48 months	1.68%	2.66%	3.98%	0.94%	2.97%	0.75%
48 months to 60 months	1.73%	2.86%	3.81%	1.04%	2.98%	0.75%
Only 60 months(5 years)	1.77%	2.92%	3.81%	1.17%	2.99%	0.76%

*The Karur Vysya FCNR (B) Term Deposit rates are subject to change at the discretion of the bank. The interest rates are valid as of 11 February 2019.

Other types of Term Deposits offered by Karur Vyasa Bank

Apart from term deposits for regular and senior citizens, NRE deposits as well as FCNR deposits, there are other types of fixed deposits to choose from.

Some of them are bulk deposits which offer a tenure from 7 days to 1 year and one can deposit an amount more than Rs.1 crore and upto Rs.10 crore and earn a wide range of interest.

Apart from bulk deposits, a person can also opt for a Rainbow Deposit which is a combination of a savings account and an fixed deposit account. This type of fixed deposit ensures higher liquidity assurance than a regular fixed deposit.

Highlights of Karur Vysya NRI Term Deposit rates

• Highest KVB NRE Fixed Deposit rate: 7.25% p.a.
• Maximum KVB NRO FD rate: 7.25% p.a
• Highest FCNR (B) Deposit interest rates:
• Euro (EUR): 1.17% p.a.
• US Dollar (USD): 3.98% p.a
• Japanese Yen (JPY): 0.76% p.a.
• Pound Sterling (GBP): 1.86% p.a.
• Canadian Dollar (CAD): 2.99% p.a
• Australian Dollar (AUD): 2.92% p.a