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Karur Vysya Bank has a long-standing tradition of more than 100 years and is continually striving to deliver innovative financial products. Amongst its numerous financial offerings, the Karur Vysya Bank FD is one of the popular products. 

 

With attractive KVB FD rates for regular and senior investors, the fixed deposit helps you earn handsome returns.

 

The Karur Vysya Bank fixed deposit interest rates range from 4% p.a. to 7.50% p.a. for non-senior citizens. The KVB senior citizen FD rates vary from 4.50% p.a. to 8.00% p.a. for deposits less than ₹2 Crores.

 

Read on to know more about KVB FD interest rates.

 

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Karur Vysya Bank FD Calculator

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Karur Vysya Bank FD Rates for Senior Citizens & Non-Senior Citizens

Booking a KVB fixed deposit offers attractive benefits to both Indian residents and NRIs. With various types of fixed deposit options available, you can choose the one that best aligns best with your investment goals.

 

With senior citizens getting an advantage of 0.50% p.a. over the existing FD rates, you may even open an account for your dependent parents. This may help them earn regular income when you opt for a non-cumulative FD type.

 

While a cumulative FD works on the power of compounding and lets you earn interest on maturity, a non-cumulative type offers interest earnings at regular intervals. These are monthly, quarterly, half-yearly and annually payout modes.

 

Check out the Karur Vysya Bank FD rates for non-senior and senior citizens.

Tenor 

Karur Vysya Bank FD Interest Rates for Non-Senior Citizens (% p.a.) 

Karur Vysya Bank FD Interest Rates for Senior Citizens

 (% p.a.) 

7 days to 14 days

4.00%

4.50%

15 days to 30 days

4.00%

4.50%

31 days to 45 days

5.25%

5.50%

46 days to 90 days

5.25%

5.50%

91 days to 120 days

6.00%

6.50%

121 days to 180 days

6.00%

6.50%

181 days to 270 days

6.25%

6.75%

271 days to less than 1 year

6.50%

6.75%

1 Year to 443 days

7.00%

7.50%

444 days

7.50%

8.00%

445 days up to 554 days

7.00%

7.50%

555 days

7.25%

7.75%

556 days up to 2 years

7.00%

7.50%

Above 2 years up to 3 years

7.00%

7.50%

Above 2 years up to 3 years

7.00%

7.50%

Above 3 years up to 5 years

6.25%

6.75%

Above 5 years up to 6 years

6.25%

6.75%

Above 6 years

6.25%

6.75%

For KVB - Tax Shield Deposits

5.90%

6.40%

Disclaimer: Note that these KVB FD rates are applicable on domestic term deposits up to ₹2 Crores and are subject to change at the issuer’s discretion.

 

Here is a table discussing Karur Vysya Bank FD rates for NRE deposits.

Tenor

KVB Fixed Deposit Rates (% p.a.)

 1 year up to 443 Days 

7.00%

444 Days

7.50%

445 Days up to 554 days

7.00%

555 Days

7.25%

556 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%

Disclaimer: Note that these KVB FD rates are applicable on domestic term deposits up to ₹2 Crores and are subject to change at the issuer’s discretion.

 

Remember that FD returns vary according to the tenor, interest rate and the principal invested amount. The more you stay invested, the higher your interest earnings. To help you understand how interest earnings vary according to tenor and individual type, here is an example.

 

Assume an investment of ₹2 Lakhs for a tenor of 3 years and see the difference in interest earnings between a senior and non-senior citizen. While KVB FD interest rates for senior citizens are 7.50% p.a., they are 7.00% p.a. for non-senior investors for the same investment timeline. 

Interest Rate (%p.a.)

Earnings

Maturity Amount

7.00%

₹29,776

₹2,29,776

7.50%

₹32,044

₹2,32,044

Disclaimer: The rates are subject to change at the lender’s discretion, and the returns may vary depending on the investment terms.

 

Computing your FD interest income is easier with the help of a KVB fixed deposit calculator. This online computational tool helps you calculate accurate results instantly. All you have to do is input the tenor, FD amount and interest rate on a KVB FD calculator.

 

The KVB fixed deposit interest rates calculator also lets you compare various interest rates across tenors and choose one that best aligns with your financial goals. This helps you earn handsome returns and make informed decisions.

 

Remember that opting for a payout at maturity helps you earn higher interest earnings, as this FD type works on the power of compounding. 

 

In case you require regular income, you can opt for a non-cumulative FD and receive your earnings on a monthly, quarterly, half-yearly and annual basis. The KVB FD calculator allows you to compare interest rates and earnings over a chosen timeline.

Compare KVB FD Interest Rates with Top Banks/NBFCs

Here is a comparative analysis of FD interest rates offered by a few leading financial institutions. 

Fixed Deposit Issuer

Rates for Non-Senior Citizens

Rates for Senior Citizens

Bajaj Finance

Up to 8.35% per annum

Up to 8.60% per annum

PNB Housing Finance

Up to 7.85% per annum

Up to 8.15% per annum

Mahindra Finance

Up to 8.05% per annum

Up to 8.30% per annum

Axis Bank

Up to 7.20% per annum

Up to 7.95% per annum

Bank of Baroda

Up to 7.25% per annum

Up to 7.75% per annum

Union Bank of India

Up to 7.30% per annum

Up to 7.80% per annum

ICICI Bank

Up to 7.10%% per annum

Up to 7.60% per annum

HDFC Bank

Up to 7.10% per annum

Up to 7.75% per annum

IDFC First 

Up to 7.75% per annum

Up to 8.25% per annum

State Bank of India

Up to 7.10% per annum

Up to 7.60% per annum

Disclaimer: The above interest rates are subject to change at the issuer’s discretion.

Features and Benefits of KVB Fixed Deposits

Here are a few benefits of booking a fixed deposit at KVB:

  • These deposits can be opened by companies, resident individuals, partnership firms, HUFs, trusts, NRIs, etc

  • Opt for a nominee when you book the fixed deposit

  • Attractive KVB fixed deposit interest rates help you grow your corpus

  • Avail a loan against the fixed deposit when in need of cash

  • Premature closure available with minimal penalty 

  • Choose regular interest payout options such as monthly, quarterly and half-yearly, based on your investment goals

 

With Karur Vysya Bank fixed deposit rates allowing you to earn potential returns, you can easily book one by submitting minimal documents. Simply submit your ID and address proof along with your latest photograph to book an FD and enjoy lucrative interest rates.

Types of KVB Fixed Deposits

Here are a few FD types you can choose from based on your financial goals.

  • KVB 444 Special Deposit Scheme allows you to earn higher KVB FD interest rates for senior and non-senior investors

  • Regular fixed deposits having tenor options varying from 7 days to 10 years

  • KVB tax saving deposits with a lock-in duration of 5 years

  • KVB Double Delight allows you to earn potential returns for tenors ranging from 1 to 10 years

 

If you want to book FDs at competitive interest rates, you can check some of the leading FD issuers at Bajaj Markets. Compare different rates and choose a suitable plan to help you maximise your earnings.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on Karur Vysya Bank FD Interest Rates

Yes, you can book an FD account online from the convenience of your home. Make sure to submit relevant documents and choose an attractive KVB FD interest rate before you start an account.

If the total deposit amount exceeds ₹50,000, you must furnish your PAN details.

The KVB 444 Special Deposit Scheme offers the highest interest rates of 7.50% p.a. and 8.00% p.a. for non-senior and senior investors.

Yes, you can use this online calculator to assess your interest earnings and select a tenor that best suits your investment goals.

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