Karur Vysya Bank FD rates cater to different customer needs with various options like the KVB Tax Shield fixed deposit, regular fixed deposits, and special term deposits for senior citizens. The bank also servies financial needs of Non-Resident Indians (NRIs) with NRE, NRO, and FCNR (B) fixed deposit options. Karur Vysya Bank offers competitive interest rates on these FDs, making them an attractive investment choice.
Karur Vysya Bank FD Rates 2023 for Resident/NRO Deposits (< 2 crores)
For general citizens the Karur Vysya Bank FD interest rates are:
Tenure | Karur Bank FD rates (% p.a.) (Less than ₹ 2 crores) |
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 | 7.30% |
445 Days up to 2 years | 7.00% |
Above 2 years up to 3 years | 7.00% |
Above 3 years up to 5 years | 6.25% |
Above 5 years up to 6 years | 6.25% |
Above 6 years | 6.25% |
For senior citizens the Karur Vysya Bank FD interest rates are:
Tenure | Karur Bank FD rates (% p.a.) (Less than Rs. 2 Crores) |
1 year to 443 days | 7.40% |
444 days | 7.80% |
445 up to 2 years | 7.40% |
Above 2 years up to 3 years | 7.40% |
Above 3 years up to 5 years | 6.65% |
Above 5 years up to 6 years | 6.65% |
Above 6 years up to 10 years | 6.65% |
For KVB – Tax Shield Deposits | 5.90% |
The rates are effective as of 15th June 2023 and are subject to change.
Karur Vysya Bank FD Rates 2023 for Resident/NRO Deposits (> 2 crores)
Premature withdrawal allowed: Karur Vysya Bank FD interest rates for bulk deposit:
Tenure | Karur Bank FD rates (% p.a.) | |||
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 | 5.00% | 5.00% | 5.25% | 5.25% |
15 Days to 30 Days | 5.25% | 5.25% | 5.25% | 5.25% |
31 Days to 45 Days | 5.50% | 5.50% | 5.50% | 5.50% |
46 Days to 90 Days | 6.00% | 6.00% | 6.00% | 6.00% |
91 Days to 180 Days | 6.25% | 6.25% | 6.25% | 6.25% |
181 Days to 270 Days | 6.50% | 6.50% | 6.50% | 6.50% |
271 Days to < 1 Year | 6.75% | 6.75% | 6.75% | 7.00% |
1 Year to < 2 years | 7.25% | 7.25% | 7.25% | 7.25% |
2 years to < 3 years | 7.10% | 7.25% | 7.10% | 7.10% |
3 years to 5 years | 6.75% | 6.75% | 6.75% | 6.75% |
Premature withdrawal not allowed: Karur Vysya Bank FD interest rates for bulk deposit:
Tenure | Karur Bank FD rates (% p.a.) | |||
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 | 5.25% | 5.25% | 5.25% | 6.25% |
15 Days to 30 Days | 5.50% | 5.50% | 6.00% | 6.52% |
31 Days to 45 Days | 6.00% | 6.00% | 6.25% | 6.25% |
46 Days to 90 Days | 6.25% | 6.25% | 6.25% | 6.25% |
91 Days to 180 Days | 6.50% | 6.50% | 6.50% | 6.50% |
181 Days to 270 Days | 6.75% | 6.75% | 6.75% | 7.00% |
271 Days to < 1 Year | 7.00% | 7.00% | 7.00% | 7.25% |
1 Year to < 2 years | 7.40% | 7.50% | 7.40% | 7.40% |
2 years to < 3 years | 7.25% | 7.25% | 7.25% | 7.25% |
3 years to 5 years | 7.00% | 7.00% | 7.00% | 7.00% |
Rates effective as of 24th July 2023 and are subject to change.
What are Karur Vysya Bank FD Rates for NRI FDs?
For NRIs, there are two types of bank accounts: NRE and NRO. NRE accounts are for holding foreign income and making easy transfers abroad. NRO accounts are used to manage income earned in India, with some restrictions on transferring funds abroad.
Karur Vysya Bank NRE FD interest rates are as follows:
Tenure | Karur Bank FD rates (% p.a.) |
1 year up to 443 Days | 7.00% |
444 Days | 7.30% |
445 Days up to 2 years | 7.00% |
Above 2 years up to 3 years | 7.00% |
Above 3 years up to 5 years | 6.25% |
Above 5 years up to 6 years | 6.25% |
Above 6 years | 6.25% |
Note: The Karur Vysya Bank NRE FD interest rates are effective as of 15th June 2023 and are subject to change.
Karur Vysya Bank FD Interest Rates: FCNR/RFC FDs
The Karur Vysya Bank FD rates for FCNR term deposits from 1st August 2023 to 31st August 2023 are as follows:
Period | In Percentage | |||||
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 |
What is Karur Vysya Bank FD Calculator?
With the user-friendly Karur Vysya Bank FD Calculator, you can calculate the maturity amount for your fixed deposit in Karur Vysya Bank that you will receive at the end of your term. This tool is available on the official KVB website as well as other reputable financial platforms.
Conclusion
Karur Vysya Bank FD rates are reliable and secure choice for fixed deposits. They offer various FD options to suit different customer segments, including regular citizens, senior citizens, and NRIs. With flexible tenures and a user-friendly Karur Vysya Bank FD Calculator, it’s easy to plan for your financial goals. Remember, the mentioned interest rates may change, so always check the latest Karur Vysya Bank FD rates on the bank’s official website before making any investment decisions.
Karur Vysya Bank FD Rates 2023 FAQ’s :-
The minimum amount you need to invest in a KVB fixed deposit is Rs. 100.
Yes, the interest earned on fixed deposits will attract TDS (Tax Deducted at Source) as per the government’s rules.
The highest Karur Bank FD rates offered by KVB are 6.50% for domestic and NRO deposits and 6.90% for senior citizens’ deposits.
Yes, you have the flexibility to choose the period of deposit according to your preference. The minimum period is 7 days, and the maximum period is 10 years.
Yes, senior citizens receive higher Karur Vysya Bank FD rates on their FD investments. For senior citizens, the FD rates range from 3.50% to 6.00%, while for regular citizens, the rates are between 3.25% and 5.75%.