KVB FCNR Rates
Karur Vysya Bank provides FCNR deposits in multiple foreign currencies. The interest rates vary based on the deposit tenure and currency chosen.
| Period |
In Percentage
|
| USD |
GBP |
EUR |
JPY |
CAD |
AUD |
| 1 Year and above but less than 2 Years |
5.50 |
3.97 |
2.43 |
0.98 |
2.27 |
3.85 |
| 2 Years and above but less than 3 Years |
3.67 |
3.72 |
1.43 |
0.98 |
1.77 |
3.60 |
| 3 Years and above but less than 4Years |
2.89 |
2.72 |
0.93 |
0.98 |
1.77 |
3.60 |
| 4 Years and above but less than 5 Years |
2.64 |
2.72 |
0.93 |
0.83 |
1.77 |
3.35 |
Karur Vysya Bank FCNR Rates as of February 2026
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Key Features and Benefits of KVB FCNR Deposit Rates
Investing in a Karur Vysya Bank FCNR Account offers a transparent and secure way to manage foreign earnings. Below are the essential features governing the interest rates and liquidity of these deposits:
-
Real-Time Rate Updates:
KVB ensures that any changes in FCNR deposit rates are communicated expeditiously through official circulars and real-time updates on their website, allowing you to lock in the best available yields.
-
Minimum Tenure Requirement:
To earn any interest, the deposit must remain with the bank for at least one year. If funds are withdrawn before the 12-month mark, no interest is payable, and only the principal will be returned.
-
Flexible Pre-closure Options:
While the account is designed for fixed terms, liquidity is available. Any pre-closure after the completion of one year is permitted, subject to the bank’s prevailing premature withdrawal penalty norms.
-
Tax-Free Growth:
All interest earned through these rates is 100% exempt from Indian Income Tax, providing a higher net return compared to taxable domestic deposits.
Wrapping Up
KVB FCNR rates present a compelling opportunity for NRIs to maximise their global savings with rates reaching up to 5.50% p.a. By utilising a Karur Vysya Bank FCNR Account, investors gain a dual advantage: the safety of holding assets in major foreign currencies and the high-yield potential of the Indian banking sector. With 100% tax-exempt interest, zero exchange rate risk, and full repatriability, KVB provides a robust and transparent framework. An FCNR Account allows you to invest in different currencies in India with high returns after 1 year.
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