Interest Rates
3.50% – 7.25% p.a.
Time Period
7 days – 10 years
Min - Max Amount
100 - No upper limit
Compounding
Quarterly
ENTER AMOUNT
Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
Karur Vysya Bank Limited is one of India's oldest and most respected private-sector banks, with a legacy spanning over a century. Established in 1916 in the textile town of Karur, Tamil Nadu, by visionary entrepreneurs Shri V. L. M. Ramaswamy Chettiar and Shri T. V. Sundaram Iyengar, the bank was founded to promote indigenous banking and support local trade, agriculture, and small industries. Today, headquartered in Chennai, Karur Vysya Bank operates a robust network of more than 800 branches and over 2,000 ATMs across India, serving millions of retail and corporate customers.
The bank has consistently prioritised financial inclusion, digital innovation, and customer-centric service. It offers a comprehensive suite of banking products, including savings and current accounts, personal and business loans, credit cards, insurance, and investment solutions. Karur Vysya Bank is particularly renowned for its strong presence in southern India and its deep commitment to the micro, small, and medium enterprise (MSME) sector. Its fixed deposit schemes reflect this ethos, combining capital safety, competitive returns, and flexibility to meet diverse investor needs. With top-tier credit ratings from CRISIL (FAAA) and ICRA (MAAA), KVB remains a preferred choice for conservative investors seeking reliable, inflation-beating returns.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.50% | 4.00% |
15 – 29 days | 3.50% | 4.00% |
30 – 45 days | 4.00% | 4.50% |
46 – 60 days | 4.50% | 5.00% |
61 – 90 days | 4.75% | 5.25% |
91 days – < 6 months | 5.25% | 5.75% |
6 months – < 9 months | 6.00% | 6.50% |
9 months – < 1 year | 6.25% | 6.75% |
1 year – < 15 months | 6.50% | 7.00% |
15 months – < 18 months | 6.75% | 7.25% |
18 months – < 2 years | 6.75% | 7.25% |
2 years – < 3 years | 6.75% | 7.25% |
3 years – < 5 years | 6.75% | 7.25% |
5 years – 10 years | 6.50% | 7.00% |
Note: The data is as of July 17, 2025.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.75% | 4.25% |
15 – 29 days | 3.75% | 4.25% |
30 – 45 days | 4.25% | 4.75% |
46 – 60 days | 4.75% | 5.25% |
61 – 90 days | 5.00% | 5.50% |
91 days – < 6 months | 5.50% | 6.00% |
6 months – < 9 months | 6.25% | 6.75% |
9 months – < 1 year | 6.50% | 7.00% |
1 year – < 15 months | 6.75% | 7.25% |
15 months – < 18 months | 7.00% | 7.50% |
18 months – < 2 years | 7.00% | 7.50% |
2 years – < 3 years | 7.00% | 7.50% |
3 years – < 5 years | 7.00% | 7.50% |
5 years – 10 years | 6.75% | 7.25% |
Note: The data is as of July 17, 2025.
Karur Vysya Bank's Fixed Deposit schemes are designed to offer safety, flexibility, and attractive returns. With a minimum deposit of just ₹1,000, even small savers can participate. Senior citizens receive an additional 0.50% interest across all tenures, enhancing retirement income. Interest is compounded quarterly, maximising effective yields, especially in cumulative options. Customers can avail loans of up to 90% of the FD value at preferential rates. Additional benefits include nomination facilities, auto-renewal at maturity, and seamless management via KVB's mobile and internet banking platforms. The bank's FAAA (CRISIL) and MAAA (ICRA) ratings further reinforce the safety and reliability of these deposits.
Karur Vysya Bank offers a diverse portfolio of fixed deposit schemes tailored to different financial goals and investor profiles.
This standard FD is available for tenures from 7 days to 10 years. Customers can choose between non-cumulative (interest paid monthly, quarterly, half-yearly, or annually) and cumulative (interest reinvested, paid at maturity) options. Premature withdrawal is permitted with a 1% penalty, and loans can be availed against the deposit.
Aligned with Section 80C of the Income Tax Act, this FD offers a tax deduction of up to ₹1.5 lakh. It comes with a mandatory 5-year lock-in period, and no premature withdrawal is allowed except in the event of the depositor's death. Loans against this FD are not permitted, but it remains ideal for salaried individuals seeking dual benefits of tax savings and assured returns.
Exclusively for individuals aged 60 and above, this scheme offers 0.50% higher interest than regular FDs across all tenures. It prioritises capital preservation while delivering enhanced income, making it ideal for retirees managing fixed monthly expenses.
A fully online FD that can be opened by both KVB and non-KVB customers using PAN and Aadhaar-based e-KYC. The process is paperless, instant, and requires no branch visit. Funds can be transferred from any bank account, and the FD is managed entirely through KVB's NetBanking or their mobile app.
In this variant, interest is compounded quarterly and added to the principal. The total amount is paid only at maturity, leveraging the power of compounding to maximise long-term returns, ideal for goals like children's education or marriage.
Linked to a savings account, this hybrid product automatically converts surplus funds above a threshold into an FD. When the savings balance dips, the FD is partially liquidated to maintain liquidity. This ensures higher interest earnings without compromising accessibility, ideal for salaried professionals and business owners.
Designed for businesses, HUFs, trusts, and partnership firms, this FD offers customised documentation and reporting. It integrates with KVB's corporate banking services, supporting cash management and working capital optimisation.
Each scheme is backed by KVB's century-old reputation and top-tier credit ratings, ensuring peace of mind for investors.
Short-Term Fixed Deposits
These FDs cater to 7-day to 1-year horizons. Rates range from 3.50% to 6.25% for regular citizens. Senior citizens earn 4.00% to 6.75%. They suit temporary surplus fund parking.
They offer returns better than savings accounts. Investors maintain quick access to liquidity. They are ideal for emergency fund building. These FDs meet short-term financial goals effectively.
These cover one year to under three years. Regular customers earn 6.50% to 6.75%. Senior citizens get 7.00% to 7.25%. This bracket balances returns and commitment.
They are optimal for planned future expenditures. Examples include weddings or vehicle down payments. They help accumulate capital for education fees. They provide attractive medium-term yields.
These span three years up to ten years. They offer 6.50% to 6.75% for regular citizens. Seniors earn up to 7.00% to 7.25%. They are designed for steadfast wealth creation.
They help lock in favourable interest rates. The power of compounding builds substantial corpus. They are cornerstones for retirement planning. These FDs ensure long-range financial security.
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| 15 months – < 18 months | 7.00› |
 | 1 year – 2 years | 7.50› |
 | 18 months 1 day – 24 months | 8.15› |
 | 1 year – 2 years | 7.25› |
 | 501 days – 2 years | 8.25› |
Note: The data is as of July 17, 2025
Investing in a KVB FD is straightforward, with both online and offline options available.
Existing KVB customers can log in to KVB NetBanking or the KVB Mobile App, navigate to 'Deposits' > 'Open Fixed Deposit', and select the scheme type. They enter the deposit amount (minimum ₹1,000), choose tenure, nominee details, and interest payout preference. Upon confirmation, funds are debited from the linked savings account, and an e-advice is instantly emailed. The FD can be tracked, renewed, or partially withdrawn (if eligible) digitally.
Non-KVB customers can open a Digital FD via the bank's official website. After completing Aadhaar-based e-KYC and verifying PAN, they can fund the FD from any bank account using NEFT/RTGS/IMPS. The entire process takes under 10 minutes, with no paperwork or branch visit required.
Applicants can visit any KVB branch, collect the FD application form, and submit it along with KYC documents and the deposit amount (cash or cheque). Bank officials assist with scheme selection and documentation. Upon processing, a physical FD receipt is issued as proof of investment. This method is preferred by senior citizens or those unfamiliar with digital banking.
Both channels ensure secure, transparent, and efficient FD booking, backed by KVB's customer service support.
Karur Vysya Bank permits a wide range of individuals and entities to open FD accounts. Eligible applicants include resident Indian individuals (including minors with guardians), senior citizens, Hindu Undivided Families (HUFs), sole proprietorships, partnership firms, private and public limited companies, registered trusts, and societies. Non-resident Indians (NRIs) can also invest under specific NRE/NRO FD schemes. All applicants must comply with KYC and anti-money laundering (AML) norms as mandated by the Reserve Bank of India.
To open an FD with KVB, applicants must submit valid KYC documents. These include a PAN card (mandatory for deposits above ₹50,000), Aadhaar card (for e-KYC), and address proof such as a passport, voter ID, driving licence, or recent utility bill (not older than 3 months). For entities like companies or HUFs, additional documents include certificate of incorporation, board resolution, partnership deed, and authorised signatory details. All documents must be self-attested and verified by bank officials during offline submission.
Interest earned on KVB FDs is fully taxable under the Income Tax Act, 1961, and added to the investor's total income. Tax Deducted at Source (TDS) is applicable if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). The standard TDS rate is 10% with PAN; without PAN, it rises to 20%. Investors can submit Form 15G (for individuals below 60) or Form 15H (for seniors) to avoid TDS if their total income is below the taxable limit.
The Tax-Saving FD qualifies for a deduction of up to ₹1.5 lakh under Section 80C, reducing taxable income. However, the interest earned remains taxable annually on an accrual basis, even if not received until maturity. KVB issues Form 16A for TDS details and annual interest certificates for income tax filing. Strategic use of 15G/15H and spreading FDs across family members can significantly enhance post-tax returns.
Karur Vysya Bank levies a 1% penalty on the applicable interest rate for premature FD closures, except for deposits held less than 7 days (which earn no interest). Tax-Saving FDs cannot be withdrawn prematurely except in the event of the depositor's death. For FDs with tenures of 2+ years, partial penalty waivers may apply if held beyond 15 months. Digital FDs allow one penalty-free partial withdrawal up to 25% of the amount. All closure requests require written application and identity verification.
Log in to KVB NetBanking or the mobile app, select 'Open Fixed Deposit', enter the amount, tenure, and nominee details, and confirm. Non-customers can open a Digital FD via the KVB website using PAN and Aadhaar e-KYC.
The minimum investment is ₹1,000 for regular FDs and ₹100 for Tax-Saving FDs. There is no upper limit on deposit amounts.
Tenures range from 7 days to 10 years. The Tax-Saving FD has a fixed 5-year lock-in, while other schemes offer flexible durations.
Both KVB and non-KVB customers can open a Digital FD using PAN and Aadhaar. The process is fully online with e-KYC, and no branch visit is required.
As of July 17, 2025, the highest rate is 6.75% p.a. for regular customers (15 months to 5 years) and 7.25% p.a. for senior citizens on the same tenure.
Use KVB's online FD calculator to estimate maturity value and interest. For Section 80C planning, input ₹1.5 lakh to assess tax deduction eligibility and post-tax returns.
Opt for cumulative FDs to benefit from quarterly compounding, choose tenures of 15–60 months for peak rates, and utilise senior citizen benefits if eligible. Avoid premature withdrawals and submit Form 15G/15H to prevent TDS.
