KVB Shakthi Account
This is a savings account designed for women offering banking benefits, insurance coverage and loan eligibility. The features and benefits of the account are as follows:
- This Karur Vysya Bank savings account also provides the accountholder with insurance coverage and loan component
- There should be a minimum monthly average balance of Rs. 5,000 to be maintained in the Karur Vysya Bank Savings account
- A free cheque book comprising 60 leaves is issued every year
- Demat account can be opened free of cost for the first year
- Enjoy the convenience of 24*7 banking anywhere through internet banking, phone banking and mobile banking.
- A free monthly limit of Rs.1 lakh for DD, PO, RTGS and NEFT is also available.
- Free Accidental Death Insurance cover of up to Rs.1 lakh
- Free ATM-cum-Debit Card for the first year
- Flat Rs. 500 processing charge for loans irrespective of the loan amount for personal loans linked to the account and 25% concession in processing fees of other retail loan products
- Up to 0.5% concession in purchase of gold coins or bars of 50g and above
Eligibility
- Women above the age of 18 years can open this account
- The account can be opened with a minimum deposit of Rs. 1,000
Jumbo Kids Savings Account
A savings account designed for children below 18 years of age to teach them about banking. The features and benefits of the account are as follows:
- There is no requirement of maintaining a minimum balance in this Karur Vysya savings account
- A free Visa ATM-cum-Debit Card
- Cash remittances allowed for up to Rs.10,000 per day
- An attractive jumbo doll to the child at the time of account opening
- Withdrawals are allowed only through the ATM and no cheque book is issued
Eligibility: Karur Vysya Bank savings account eligibility is provided below:
- This Karur Vysya Bank savings account can be opened only for children up to the age of 12 years. The account will be opened in the name of the minor child and the parent will be the Authorized Signatory.
Prestige Savings Account
A premium account for High Net Worth Individuals offering them exclusive banking privileges and benefits. The features and benefits of the account are as follows:
- A minimum monthly average balance of Rs. 1 lakh is to be maintained in the savings account with Karur Vysya
- The bank issues free personalised at par cheques to the accountholder
- Cash remittances at non-base branches up to Rs. 10 lakh per month with these Karur Vysya savings accounts
- International Visa Debit Card with a withdrawal limit of Rs. 50,000
- Enjoy the convenience of 24*7 banking anywhere through internet banking, phone banking and mobile banking.
- At par funds transfer through NEFT / RTGS / DD / PO or Inter branch transfers
- Karur Vysya Bank offers free collection of outstation cheques
- Free Accidental death and disability insurance up to Rs. 2 lakh and hospital treatment due to an accident for up to Rs. 20,000
- A free opening of Demat Account
- Karur Vysya Bank offers 50% concession in Processing Charge of retail loans
Freedom Saving Account
A simplified savings accounts with the following features and benefits:
- A 40 leaves free cheque book is issued every year
- A debit card is issued with the account
- Karur Vysya Bank offers the convenience of 24*7 banking anywhere through internet banking, phone banking and mobile banking.
- Unlimited free usage of KVB ATMs as well as five free usage of ATMs under NFS cluster and VISA.
- Free hard copy of monthly statements and soft copy of monthly financial statements on email
- No additional cost for SI payments into Manimala Deposit scheme account
- 90 free debit transactions in the account including ATM transactions every half year
- A minimum monthly average balance of Rs. 5,000 is to be maintained in the account.
Student Saving Account
A saving account for students with the following features and benefits:
- Unlimited free usage of KVB ATMs and 5 free usage of ATMs under Visa and NFS cluster
- The mobile phone can be topped-up at the bank’s ATMs
- A minimum monthly average balance of Rs. 250 is to be maintained in the account
- Free periodic e-statement of accounts
- Credit cards can be availed through the parent’s standing instruction to the bank
- 90 free debit transactions in the account including ATM transactions every half year
- Cheque book will be issued to accountholders over 18 years of age.
Eligibility: Following are the eligibility requirements of Karur Vysya Bank savings account:
- The account can be opened by individuals up to a maximum age of 23 years
- For individuals aged 12 years and above, the account can be opened in the student’s own name and the parent’s name can also be added either as joint or E or S holders at their option
- For individuals aged 12 years and below the account can be opened in the student’s own name jointly with the parent’s name but the account can only be operated by the parent. Students can operate their accounts when they attain 12 years of age.
Regular Savings Account
A simple savings account for basic banking needs. The features and benefits of the account are as follows:
- This account may be opened either singly or jointly with the option of either or survivor
- The account offers Visa Debit card
- Enjoy the convenience of 24X7 banking anywhere through internet banking, phone banking and mobile banking.
- Nomination facility is available in case of regular savings account.
- Cash remittance at base branch is free of cost and cash withdrawal at base branch is free for up to 5 withdrawals every month in case the balance in the account is more than Rs. 5,000
- 90 free debit transactions in the account including ATM transactions every half year.
- A free cheque book of 20 leaves is issued every year.
- Minimum balance required to be maintained every month is Rs. 1,000.
Rainbow Savings Account
This is a Karur Vysya Bank savings account that combines the benefit of a fixed deposit scheme with that of a savings account. The features and benefits of the account are the following:
- The account can be opened by individuals singly or jointly
- Minimum balance required to be maintained every month is Rs. 3,000
- If there is balance in the account in excess of Rs. 15,000, the amount above Rs. 15,000 will be automatically swept into a fixed deposit account in multiples of Rs. 5,000 for a period of 91 days at the end of day every Sunday.
- In case the balance in the savings account falls below the minimum requirement of Rs. 3,000, the fixed deposit account will be debited in the Last In First Out Basis (LIFO) to maintain the savings account balance
- Free Accidental death insurance coverage of Rs. 1 lakh
- The account offers Visa Debit card
- Enjoy the convenience of 24x7 banking anywhere through internet banking, phone banking and mobile banking.
- Nomination facility is available.
Yuvashakti SB Account
A savings account for the younger generation with the following features and benefits:
- There is no requirement of a minimum deposit to open the account and this can also be opened as joint savings account
- A minimum monthly balance of Rs. 5,000 is to be maintained in the account
- An International Visa Debit card is issued along with the account
- The bank provides e-commerce benefits like e-ticketing, online shopping, payment of utility bills online, etc. free of cost.
- Mobile phones can be topped-up at ATMs of the bank
- Payable-at-par multi city cheque facility and inter-bank funds transfer with no limitations
- Free 50 leaves personalised cheque book every year
- Unlimited free usage of KVB ATMs and 5 free usage of ATMs under Visa and NFS cluster
- Free first year mobile banking enquiries
- Free Demat Account opening
- Free internet banking facility
- Free hard copy of monthly statements and soft copy of monthly financial statements on email
- 90 free debit transactions in the account including ATM transactions every half year.
Smart Savings Bank
A zero balance savings account with Karur Vysya Bank for corporate employees with the following features and benefits:
- A zero balance Karur Vysya savings account with a debit card the charges for which are free in the first year
- Free funds transfer, internet banking, utility bill payment and statement of account through email
- The account provides the facility of Upfront Credit of Salary with up to 50% of the salary credited in the last month
- Facility of mobile banking
- Free 2 DD or PO every month with a limit of up to Rs. 10,000
- Free 3 NEFT transactions every month
- Free 40 leaves cheque book every year
- 90 free debit transactions in the account including ATM transactions every half year.