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:
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Karur Vysya Bank NRE FD provides tax benefits on interest earned over time.
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The maturity funds at Karur Vysya Bank are fully repatriable.
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The time period of NRE FDs ranges widely from 1 to 10 years.
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NRE FDs are maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.
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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:
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The applicant must fall under one of the NRI, PIO, or OCI, foreign national or foreign national student categories.
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The customer must have valid ID proof, including an Indian passport or a PIO card.
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Required to show authentic overseas address proof.
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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:
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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.
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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:
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ID proof: Passport
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Address proof (India & overseas)
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Proof of Tax
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Proof of NRI, foreign national, foreign national student, PIO or OCI status
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Passport-size photograph
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Overseas work/residence proof (visa/permit)
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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.
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