Karur Vysya Bank NRO/NRE/FCNR FD Rates
Karur Vysya Bank offers non-resident Indians (NRIs) the facility of opening fixed deposit accounts in the bank. The facility is offered in the form of NRO, NRE, and FCNR deposits.
The NRIs can open a fixed deposit account for a period that ranges between 7 days and 10 years. The interest offered by the lender starts at 4.00% per annum.
Karur Vysya Bank NRE FD Rates
The interest rate offered on NRE fixed deposit rates by Karur Vysya Bank are listed in the table below:
Time Bucket | Interest rates (p.a.) |
1 year upto 443 Days | 7.00% |
444 Days | 7.20% |
445 Days upto 2 years | 7.00% |
Above 2 years upto 3 years | 7.00% |
Above 3 years upto 5 years | 6.25% |
Above 5 years upto 6 years | 6.25% |
Above 6 years | 6.25% |
Note: The interest rates are applicable w.e.f. 16 August 2023.
Karur Vysya Bank NRO Fixed Deposit Rates
For opening a NRO fixed deposit account, the interest rate offered on deposits below Rs.2 crore are mentioned in the table below:
Time Bucket | Interest rates (p.a.) |
7 Days to 14 days | 4.00% |
15 Days to 30 days | 4.00% |
31 Days to 45 days | 5.25% |
46 Days to 90 days | 5.25% |
91 Days to 120 days | 6.00% |
121 Days to 180 days | 6.00% |
181 Days to 270 days | 6.25% |
271 Days to 332 days | 6.50% |
333 days | 7.10% |
334 days to less than 1 year | 6.50% |
1 Year to 443 days | 7.00% |
444 Days | 7.20% |
445 Days upto 2 years | 7.00% |
Above 2 years upto 3 years | 7.00% |
Above 3 years upto 5 years | 6.25% |
Above 5 years upto 6 years | 6.25% |
Above 6 years | 6.25% |
Note: The interest rates are applicable w.e.f. 16 August 2023.
Karur Vysya Bank FCNR Deposit Rates
The interest rates for FCNR term deposit are provided below:
Period | USD | GBP | EUR | JPY | CAD | AUD |
1 Year and above but less than 2 Years | 5.81 | 5.43 | 3.90 | 0.18 | 5.00 | 4.60 |
2 Years and above but less than 3 Years | 5.56 | 5.43 | 3.40 | 0.18 | 5.00 | 4.60 |
3 Years and above but less than 4Years | 4.81 | 4.93 | 3.40 | 0.43 | 5.00 | 4.60 |
4 Years and above but less than 5 Years | 4.81 | 4.93 | 3.40 | 0.43 | 5.00 | 4.60 |
5 Years only | 4.81 | 4.93 | 3.40 | 0.43 | 5.00 | 4.60 |
Note: The interest rates are applicable w.e.f. August 2023.
FAQs on Karur Vysya Bank NRE/NRO/FCNR FD Rates
- What is the maximum repatriable amount for NRO FDs?
The maximum repatriable amount for NRO FDs is 1 million US dollars.
- What is the maximum tenure for NRE, NRO, and FCNR term deposits?
The maximum tenure for NRE and NRO term deposits is 10 years while for FCNR term deposits it is 5 years.
- Is the interest earned on NRE term deposits taxable?
The interest earned on NRE term deposits is non-taxable.
- Can I avail myself of a loan against a NRO fixed deposit? If yes, how much can I get?
You can avail yourself of a loan against a NRO fixed deposit. There is the option of availing up to 90 percent of the deposit amount.
- When it comes to FCNR fixed deposits, is both interest and principal repatriable?
Yes, both interest and principal is repatriable when it comes to FCNR deposits.
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