Is a NRE account repatriable?

Yes, NRE account are freely repatriable.

What is the NRE FD interest rate in Karur Vysya Bank?

The highest NRE FD interest rate offered by Karur Vysya is 7.50%

Is a FD in a NRE account taxable?

No, one of the major benefits of an NRE FD is that the interest earned on it is tax-free.

What will happen to nre fd after returning to India?

After returning to India, your NRI status will possibly change to RNOR (Resident but not Ordinarily Resident) status. Though your NRE FD can remain as it is; until the FD matures, you wouldn’t need to do anything.

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Karur Vysya Bank NRE FD Rates

Karur Vysya Bank NRE FD rates range from 6.25% to 7.50%, offering higher returns to NRIs, allowing them to earn interest on these deposits. With tenures ranging from 1 year to 10 years, the NRE FD interest rates in 2025 remain competitive with their industry counterparts. In this article, you will learn the details of Karur Vysya Bank NRE FD Rates in 2025 in India.

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Rate of Interest on Karur Vysya Bank NRE FD Account Deposits

Karur Vysya Bank offers competitive rates across wide-ranging tenures to cater to the varied needs of its customers. The Fixed Deposit Interest Rates for Karur Vysya NRE FD Accounts are:

Tenors	Interest Rate (%p.a.)	Annualised Interest Yield (%p.a.)
1 Year to 443 days	7.00%	7.19%
444 Days	7.50%	7.71%
445 Days up to 2 years	7.00%	7.19%
Above 2 years up to 3 years	7.00%	7.19%
Above 3 years up to 5 years	7.00%	7.19%
Above 5 years up to 6 years	6.25%	6.40%
Above 6 years	6.25%	6.40%
KVB Green Deposits Scheme (2345 Days)	6.25%	6.40%

Note: *These non-premature withdrawal interest rates are effective from April 2025. Karur Vysya NRE FD rates are subject to change without prior notice. The interest rate applied will match the specific time your deposit stayed with the bank. Minimum Tenor is 1 year.

Why Choose Karur Vysya Bank NRE FD Account?

The Karur Vysya NRE FD account offers its customers various benefits, including:

Karur Vysya Bank NRE FD provides tax benefits on interest earned over time.
The maturity funds at Karur Vysya Bank are fully repatriable.
The time period of NRE FDs ranges widely from 1 to 10 years.
NRE FDs are maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.
Karur Vysya Bank NRE FD accounts can be opened jointly with close resident relatives, using the "former or survivor" mode.

What Are the Eligibility Criteria for Karur Vysya Bank NRE FD Account?

In order to open a Karur Vysya NRE FD account, the following general conditions are to be fulfilled:

The applicant must fall under one of the NRI, PIO, or OCI, foreign national or foreign national student categories.
The customer must have valid ID proof, including an Indian passport or a PIO card.
Required to show authentic overseas address proof.
Must present valid proof, including a student visa or employment visa.

How to Open a Karur Vysya Bank NRE FD Account?

Karur Vysya Bank offers multiple ways to open an NRE FD account. To open an account and get good Karur Vysya NRE FD rates, the following steps are to be followed:

For Existing Customers

Step 1: Visit the official website of Karur Vysya Bank.

Step 2: Go to the NRI Section.

Step 3: Under the ‘Deposits’ section, click on NRE Deposits.

Step 4: Click on ‘Apply Now’.

Step 5: In the form that appears on-screen, fill in ‘Yes’ next to ‘Existing Customer’.

Step 6: Fill the form.

Step 7: Submit the form.

Follow the further process described by the bank.

You can also open an NRE FD account offline by visiting the nearest branch.
For New Customers

New Customers may follow the given procedure:

Step 1: Visit the official website of Karur Vysya Bank.

Step 2: Go to the NRI Section.

Step 3: Under the ‘Deposits’ section, click on NRE Deposits.

Step 4: Click on ‘Apply Now’.

Step 5: In the form that appears on-screen, fill in ‘No’ next to ‘Existing Customer’.

Step 6: Submit the form.

The bank will get back to you soon.

You can also open an NRE FD account offline by visiting the nearest branch.

Documents Required to Open Karur Vysya Bank NRE FD Account

To open the Karur Vysya NRE FD account, the following general documents are to be submitted by you for the bank to review before opening your NRE FD account:

ID proof: Passport
Address proof (India & overseas)
Proof of Tax
Proof of NRI, foreign national, foreign national student, PIO or OCI status
Passport-size photograph
Overseas work/residence proof (visa/permit)
Any other document required by the bank

Conclusion

Karur Vysya Bank NRE FD rates offer Non-Resident Indians an opportunity to grow their savings by investing in low-risk, guaranteed returns plans. NRIs deposit their earnings in foreign currency and earn interest in Indian rupees. Through NRE FD accounts, NRIs can easily manage their savings in a hassle-free manner. With complete knowledge of Karur Vysya Bank NRE FD rates, you’ll be able to select an NRE FD plan that aligns with your financial goals.

FAQs

Is a NRE account repatriable?

Yes, NRE account are freely repatriable.
What is the NRE FD interest rate in Karur Vysya Bank?

The highest NRE FD interest rate offered by Karur Vysya is 7.50%
Is a FD in a NRE account taxable?

No, one of the major benefits of an NRE FD is that the interest earned on it is tax-free.
What will happen to nre fd after returning to India?

After returning to India, your NRI status will possibly change to RNOR (Resident but not Ordinarily Resident) status. Though your NRE FD can remain as it is; until the FD matures, you wouldn’t need to do anything.

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*Past 10 Year annualised returns as on 01-05-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).