Karur Vysya Bank offers a Fixed Deposit (FD) scheme providing financial stability and attractive returns, allowing individuals to invest a lump sum for a fixed tenure at a predetermined interest rate. The interest rates range from 4.00% to 7.60% p.a., with a minimum deposit starting at just ₹100 and the tenure ranging from 7 days to over 10 years. Keep reading this blog to know more about Karur Vysya Bank Fixed Deposit and its interest rates.

Highlights for 2025 Fixed Deposit Scheme of Karur Vysya Bank

Interest Rates 2025 of KVB Fixed Deposit

Below are the fixed deposit interest rates for Fixed Deposit Scheme are effective from 22nd November 2024.

*Interest rates are subject to change from time to time

Different Types of FD Schemes Offered

Fixed Deposit Scheme

The deposit amount can start from Rs.100 with no maximum limit. The minimum period is 15 days, and the maximum period is 10 years, with interest payable. It is suitable for people who wish to have interest from deposits as their income source.

Double Delight FD Scheme

This scheme provides the depositors with an even maturity amount on an odd deposit and provides free hospital insurance. The tenure can range from one year up to 10 years. The period is in multiples of 10 months, and the maximum period is five years for senior citizens.

Reinvestment Plans FD Scheme/Tirumagal Tirumana Thittam (TTT)

This FD scheme focuses on long-term investments. The minimum amount is Rs.100 with no restriction to the maximum limit. The minimum period is six months, and the maximum limit of 10 years. The maximum deposit tenure is 20 years for minors.

Senior Citizen FD Scheme

Senior citizens get a preferential rate of interest with cumulative and non-cumulative options available. The minimum period is one year, and the maximum is five years. The maximum ceiling limit for a preferential rate of interest is Rs.3 crore.

 Special Features and Benefits of KVB FDs

• Schemes with a minimum deposit as low as Rs.100 are available.
• The minimum period to deposit your money is seven days.
• The tenure can go up to 10 years based on your preference.
• A dedicated FD scheme is available for senior citizens.
• Option of preferential RoI is given to senior citizens.
• Premature closure of schemes can be done with applicable rules. 
• Earn higher returns with the capital and interest reinvestment option.
• You can choose to get the interest paid out in regular intervals.
• The loan facility is available on select schemes.
• A nomination facility is available on all FD schemes and accounts.
• Individuals and non-individuals can open FD accounts with the bank.

Basic Eligibility for KVB FD Schemes

Karur Vysya Bank vs Other Banks' FD Rates

Tax Benefits on KVB Deposits

Tax Saving Deposits 

Cumulative and non-cumulative deposits under this scheme of up to Rs.1.50 lakh qualify for benefits under Section 80C of the Income Tax Act, and the lock-in period is five years. The minimum amount that can be deposited is Rs.100.  

Preference for cumulative deposits should be mentioned in the application form. The deduction under Section 80C will only apply to the first holder of the account in case of joint accounts.

Interest earned through Reinvestment Plans, Fixed Deposits and Senior Citizens Deposits is subject to Tax Deduct at Source (TDS). To avoid the TDS on interest earned, submit Form 15G or Form 15H (for senior citizens). 

FD Interest Rate Calculator

Calculate the possible maturity amount and interest on your deposit using ClearTax’s FD Calculator.

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