Karur Vysya Bank Interest Rates on FD, Oct 2016

Get upto Rs 5,000/- Cashback*
Terms & Conditions Apply*
Apply Online

Last Updated 20th Oct 16

TenureInterest Rate
30 Days5.50%
45 Days 6.00%
60 Days 6.50%
90 Days 6.50%
120 Days 7.50%
6 Months 7.50%
9 Months 7.35%
12 Months 7.35%
18 Months 7.35%
2 Years 7.35%
3 Years 7.35%
4 Years 7.35%
5 Years 7.35%
7 Years 7.35%
10 Years 7.35%

Karur Vysya Bank FD Interest Rates

  • Karur Vysya Bank offers FD interest rates upto 7.50% per annum.
  • Interest on deposits with Karur Vysya Bank is typically compounded quarterly.
  • Karur Vysya Bank accepts deposits starting at Rs. 100 for various tenures.
  • For senior citizens (age more than 60 years), Karur Vysya Bank offers 0.50% for 1 - 5 years higher interest rate over and above rates mentioned below.

Karur Vysya Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Karur Vysya Bank pays applicable ROI for actual duration of deposit.

Loan against Karur Vysya Bank FD

  • Karur Vysya Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Karur Vysya Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Karur Vysya Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Karur Vysya Bank in your city - Find Karur Vysya Bank Branches here

About Karur Vysya Bank

Karur Vysya Bank is a private-sector Indian bank, headquartered in Karur in Tamil Nadu. 'The Karur Vysya Bank Limited', popularly known as KVB was set up in 1916 by Mr M.A Venkatarama Chettiar and Mr. Athi Krishna Chettiar, to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu. In the year 1952, the Bank became a scheduled bank. In the year 1963, Selvavridhi Bank Ltd was amalgamated with the Bank. Also, in the year 1964, Salem Shri Kannika Parameswari Bank Ltd and Pathinengrama Arya Vysya Bank Ltd, Kombai were amalgamated with the Bank. In the year 1965, Coimbatore Bhagyalakshmi Bank Ltd merged with the Bank. In the year 1980, the Bank got the license to deal in foreign currencies and to transact foreign exchange business. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. During 2004-05 the Bank introduced 6 new loan products, namely KVB Special Home Loan, IPO Funding Scheme, KVB Kisan Mithra Scheme, Easy Trade Fin Scheme, KVB Happy Kisan Scheme and Gold Card Scheme for Export Constituents of the Bank. Also, they launched a new product, 'Cash Passport' which is similar to ATM/ Debit card. Bank received Banking Technology Excellence Award instituted by IDRBT for under the category 'Best IT Infrastructure Management' for the year 2009. The Bank has 572 branches and 1617 ATMs covering 18 States and 2 Union Territories and during the year 2013-14. Bank have implemented core banking solutions across all its branches. The market capitalization of Bank at the end of March 31, 2014 was Rs. 4022.51 crores. During the year ended 31.03.2014, Total Business of the Bank recorded an increase of 14.08% at Rs. 77983.66 crore as compared to Rs.68358.87 crore as on 31.03.2013.

click here to Compare
  • Karur Vysya Bank FD rates with other banks in India

Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Best Offers on Home Loan, Loan Against Property, Personal Loan, Gold Loan
Cashback Upto Rs. 5,000/
News - Oct 2016
22nd Oct 16 SBI asks customers to use own ATMs
SBI advised its customers to use its own ATM network for safety of transactions. The Bank also promised to replace 6 lakh debit cards which were blocked by the bank as a preventive measure within ten days following a cyber security breach in the banking system. The other major banks hit by the cyber fraud are Axis Bank, HDFC and ICICI Bank.
18th Oct 16 Axis Bank cuts it benchmark MCLR by 5 base point rates
Axis Bank has cut it benchmark MCLR base rate by 5 bps. The bank has reduced its rates across tenures effectively reducing the overnight rates to 8.80 per cent and three year rate to 9.35 percent. The bank announced the reduction after its peers such as ICICI, Kotak Mahindra and Indian Bank cut their lending rates following the RBI monetary policy review on October 4th, 2016.
18th Oct 16 Citibank gives special Diwali offers on personal loans
Citibank personal loan offers reduction in rates to 11.49 per cent for digital channels and online applications made at MyLoanCare. Bank offers 0.50 per cent discount on processing fee and an Amazon Gift Voucher of Rs. 250 for loans disbursed till 3rd November, 2016. Also, get a Flipkart Gift Voucher upto Rs. 2500 on applying through MyLoanCare.
17th Oct 16 SBI: Sub 9 percent MCLR Base Rate Soon
SBI chief Arundati Bhattacharya said that the bank had transferred 95 bps out of total 150 bps cut in policy rates to its customers by way of reduction in SBI MCLR base rate. Dhe said that she expects rates to fall further shortly.
15th Oct 16 ICICI Bank tests blockchain transactions
ICICI Bank has done successful execution of its first two transactions using blockchain technology. Now other private sector banks are gearing up for the technology. Axis Bank and Kotak Mahindra Bank are conducting pilot transactions in trade settlements and cross border remittances while HDFC is still assessing the opportunity.