• 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 5.75% per annum. For senior citizens, the interest rate is 6.15% per annum.

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

    KVB Domestic Term Deposit Rates

    Fixed Deposit Interest Rates for Deposits of Less than Rs.2 crore

    Tenure Interest rate for general public (p.a.)
    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 interest rates are applicable w.e.f. 11 June 2021.

    Interest Rates for Domestic Deposits of Less than Rs.2 Crore - Senior Citizens

    Tenure Interest rate for senior citizen (p.a.)
    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 interest rates are applicable w.e.f. 11 June 2021.

    KVB Bulk Deposit Rates

    Fixed Deposit Interest Rates - Premature Withdrawal Allowed

    Tenure Rs. 2 cr to Less than Rs. 5 cr Rs. 5 cr to Less than Rs. 10 cr Rs. 10 cr to Less than Rs. 25 cr Rs. 25 cr 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 interest rates are applicable w.e.f. 15 June 2021.

    Fixed Deposit Interest Rates for Deposits - Premature Withdrawal Not Allowed

    Tenure Rs. 2 cr to Less than Rs. 5 cr Rs. 5 cr to Less than Rs. 10 cr Rs. 10 cr to Less than Rs. 25 cr Rs. 25 cr 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 interest rates are applicable w.e.f. 15 June 2021.

    Karur Vyasa Bank Tax Saving FD Rates - KVB Tax Shield Scheme

    Tenure Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.)
    5 years 6.00% 6.00

    Note: The interest rates are applicable w.e.f. 11 June 2021.

    Karur Vyasa Bank Flexi Term Deposits

    Tenure Interest rate (p.a.)
    300 days 3.50%

    Karur Vyasa Bank NRI FD Rates

    Interest Rates for NRE Deposits of Less than Rs.2 Crore - General Public

    Tenure Interest rate for senior citizen (p.a.)
    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 interest rates are applicable w.e.f. 11 June 2021.

    Interest Rates for NRO Deposits of Less than Rs.2 Crore - General Public

    Tenure Interest rate for general public (p.a.)
    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 interest rates are applicable w.e.f. 11 June 2021.

    Interest Rates for NRO Deposits of Less than Rs.2 Crore - Senior Citizens

    Tenure Interest rate for senior citizen (p.a.)
    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 interest rates are applicable w.e.f. 11 June 2021.

    FCNR (B) Deposit Interest Rates

    The FD rates for Karur Vyasa Bank deposits against specific foreign currency are as follows:

    Tenure Karur Vyasa Bank FCNR (B) FD rate p.a.
    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 interest rates are applicable w.e.f. 11 June 2021.

    Features and Benefits of Karur Vyasa Bank Fixed Deposits

    The features and benefits of Karur Vyasa Bank Fixed Deposit Schemes can be summed up as follows:

    • Loan facility available on deposits
    • Can be opened by individuals, HUF, Trust, etc.
    • Nomination facility is available
    • Premature closure is allowed
    • Half-yearly, quarterly, and monthly interest payout options available

    Eligibility Criteria and Documents Required

    The following are eligible to invest in a Karur Vyasa Bank Fixed Deposit Scheme:

    • Individuals
    • Sole proprietorships
    • HUFs
    • Limited companies
    • Partnership firms
    • Trusts
    • Associations, etc.

    The following documents are required to start investing in a Karur Vyasa Bank Fixed Deposit Scheme:

    • Proof of Identity:
      • PAN card
      • Driving licence
      • Aadhaar card
      • Senior citizen ID (if applicable)
      • Photo ID card issued by the government
      • Passport
    • Proof of Address:
      • Utility bills such as electricity bill and telephone bill
      • Passport

    Type of Karur Vyasa Bank Fixed Deposit Schemes

    Karur Vyasa Bank offers the following categories of Fixed Deposit Schemes:

    • Fixed Deposits for general citizens, NREs, and NROs
    • Fixed Deposits for senior citizens
    • KVB Tax Shield Scheme
    • Karur Vyasa Bank Flexi Term Deposit scheme

    FAQs on Karur Vyasa Bank Fixed Deposits

    1. What is the highest fixed deposit interest rate for Karur Vyasa Bank?

      The highest FD interest rates offered by Karur Vyasa Bank are 6.00% for domestic, NRO, and NRE deposits and 6.15% for senior citizens’ deposits.

    2. Can a customer open an FD account online in Karur Vyasa Bank?

      Yes, Karur Vyasa Bank allows its customers to open an FD account online through their portal.

    3. Can I avail nomination facility for Karur Vysya Bank Fixed Deposits?

      Yes, nomination facility can be availed for Karur Vysya Bank Fixed Deposit schemes.

    4. Can I avail a loan against FD with Karur Vyasa Bank?

      Yes, loan against FD facility is offered by Karur Vyasa Bank.

    5. Is it necessary to provide PAN while applying for a KVB Fixed Deposit?

      Yes, PAN is mandatory for KVB Fixed Deposits if the deposit amount exceeds the mark of Rs.50,000.

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    Karur Vysya Bank Fixed Deposit Reviews

    • Karur Vysya Bank
      "Service is good"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is little bit high compared to other bank hence i have chosen the Karur Vysya bank for my fixed deposit. I have invested the amount of Rs. 5 lakhs. They have given me a monthly interest rate of Rs. 4400. I have got a proper response from the bank. On the maturity date, i have submit the bond and get the cash.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 16, 2019
    • Karur Vysya Bank
      Karur Vysya Bank
      "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? 6
      , hyderabad
      Reviewed on Nov 20, 2018
    • Karur Vysya Bank
      "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? 4
      , chennai
      Reviewed on Sep 07, 2017
    • Karur Vysya Bank
      "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? 4
      , hyderabad
      Reviewed on May 23, 2017
    • Karur Vysya Bank
      "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? 3
      , erode
      Reviewed on Sep 08, 2016
    • Karur Vysya Bank
      "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
      "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
      "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
      "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? 4
      , chennai
      Reviewed on Feb 23, 2016
    • Karur Vysya Bank
      "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
      "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? 8
      , bangalore
      Reviewed on Dec 10, 2015
    • Karur Vysya Bank
      "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
      "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
      "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
      "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
      "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
      "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
      "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
      "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? 3
      , bangalore
      Reviewed on Nov 27, 2014
    • Karur Vysya Bank
      "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
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