Karur Vysya Bank offers FD interest rates of 4.00-7.50% p.a. to regular citizens and 6.60- 8.00% p.a. to senior citizens on tenures ranging from 7 days to 6 years & above and 1 year to 10 years respectively. The interest rate on Karur Vysya Bank Tax Saving FDs is 5.90% p.a. for the general public and senior citizens. The bank also offers various fixed deposit products for NRIs, such as NRE, NRO, and FCNR (B) fixed deposits. Karur Vysya Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), and Australian Dollar (AUD).
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*Rates are subject to change as per the bank's discretion.
Karur Vysya Bank FD Interest Rates (p.a.) Highlights 2023 | |
| Highest slab rate | 7.50% (for 444 days) |
| For 1 year | 7.00% |
| For 2 years | 7.00% |
| For 3 years | 7.00% |
| For 4 years | 6.25% |
| For 5 years | 6.25% |
| Tax-Saving FD | 5.90% |
The interest rates are updated as of 23 March 2023
Card limit is 100% of FD Amount
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7.3%INTEREST ON FD| Tenure | 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 less than 1 year | 6.50 |
| 1 year to 443 days | 7.00 |
| 444 days | 7.50 |
| 445 days to 554 days | 7.00 |
| 555 days | 7.25 |
| 556 days to 2 years | 7.00 |
| Above 2 years to 3 years | 7.00 |
| Above 3 years to 5 years | 6.25 |
| Above 5 years to 6 years | 6.25 |
| Above 6 years | 6.25 |
FDs of up to ₹5 lakhs insured by RBI
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| Tenure | Interest Rates (% p.a.) |
| 1 year to 443 days | 7.40 |
| 444 days | 8.00 |
| 445 days to 554 days | 7.40 |
| 555 days | 7.65 |
| 556 days to 2 years | 7.40 |
| Above 2 years to 3 years | 7.40 |
| Above 3 years to 5 years | 6.65 |
| Above 5 years to 6 years | 6.65 |
| Above 6 years to 10 years | 6.65 |
Notes: 1. Senior citizen rates are not applicable on FDs opened by NRIs
2. The maximum amount for senior citizen FD has been capped at Rs 3 crore
| Particulars | Interest Rates (% p.a.) |
| KVB Tax Shield | 5.90 |
| Tenure | Interest rates (% p.a.) |
| 1 year to 443 days | 7.00 |
| 444 days | 7.50 |
| 445 days to 554 days | 7.00 |
| 555 days | 7.25 |
| 556 days to 2 years | 7.00 |
| Above 2 years to 3 years | 7.00 |
| Above 3 years to 5 years | 6.25 |
| Above 5 years to 6 years | 6.25 |
| Above 6 years | 6.25 |
| Period | Interest Rates (% p.a.) | |||||
| USD | GBP | EUR | JPY | CAD | AUD | |
| 1 year to less than 2 years | 5.30 | 4.43 | 2.90 | 0.24 | 4.50 | 3.85 |
| 2 years to less than 3 years | 5.05 | 4.43 | 2.40 | 0.24 | 4.50 | 3.85 |
| 3 years to less than 4 years | 4.55 | 3.93 | 2.40 | 0.49 | 4.50 | 3.85 |
| 4 years to less than 5 years | 4.55 | 3.93 | 2.40 | 0.49 | 4.50 | 3.85 |
| 5 years only | 4.55 | 3.93 | 2.40 | 0.49 | 4.50 | 3.85 |
To ascertain the amount one shall get at maturity on investing in a KVB fixed deposit scheme, investors are suggested to make use of the KVB FD Calculator available at Paisabazaar.com. Since the KVB FD interest rates are not constant and may change without prior notice, investors must always check the benefit they may reap from FD. This service is available free of cost and can be used multiple times.
Q. How can one close his/her FD in KVB?
A. Visit the nearby branch office, preferable the one in which the FD account is, and request for closure of FD.
Q. What is the highest KVB FD interest rate available to customers?
A. Depositors can earn the highest FD interest rates of up to 7.50% p.a. by opening FD in KVB Bank. The FD interest rate is available for 444 days tenure.
Q. Is the KVB FD calculator chargeable?
A. No. Customers can use this calculator to check the maturity amount based on prevailing Karur Vysya Bank FD rates without having to pay any charges towards it.
Q. Does the change in KVB FD interest rates affect existing FD customers of the bank?
A. No. Unless the FD operates on the floating interest rate, changes in rates do not affect the existing investors of the bank. Updated rates are only for new customers or for those who opt for renewals.
Q. Can one deposit an additional amount in a tax saving deposit by KVB?
A. No. Since it is a type of fixed deposit, the deposit can be made only once. The additional amount can be deposited in case of KVB recurring deposits.
Q. Is it necessary to provide PAN while applying for a KVB Fixed Deposit?
A. It is highly advisable to submit the PAN so as to avoid TDS at 20% against the usual 10%. Also, no TDS certificate is issued if the PAN card is not submitted.
