Features of Karur Vyasa Bank NRE Account
NRE Accounts are equipped with multiple features. The features offered by the Karur Vaysa Bank NRE Account are as follows:
- Repatriation: You can freely and fully transfer all the funds from your NRE account back to your country of residence.
- Excellent Exchange Rates: Enjoy the best currency conversion rates with Karur Vyasa Bank when you send money to your NRE account.
- 24/7 Banking: You can bank around the clock using the bank's internet banking services.
- Daily Interest Calculation: The interest you earn is calculated on the daily balance in your account.
- Joint Account Option: You are allowed to hold a joint account with a resident Indian on a "former or survivor" basis.
- Authorized Operator: You can grant a "mandate holder" the authority to operate your account on your behalf.
You may also know about Karur Vyasa Bank FD Interest Rates
Types of Karur Vyasa Bank NRE Accounts
The Karur Vyasa Bank offers different types of NRE accounts for Non-Resident Indians (NRIs) tailored for different needs.
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Karur Vyasa Bank NRE Rupee Accounts (Savings & Current Account)
Following are the features of Karur Vyasa Bank NRE Rupee Accounts:
- Account for NRIs: Karur Vyasa Bank offers savings accounts and current accounts for NRIs to park and manage the foreign earnings in India, denominated in INR.
- Nomination Facilities: Choose a nominee to handle your account even in your absence.
- Online Transfers from Abroad: Use online services like Remit2India to transfer funds to your NRE account from the USA and other countries.
- Worldwide Transfers via SWIFT: The bank has strong global partnerships that allow you to send money to your NRE account from anywhere in the world using a SWIFT transfer.
- Joint Account for Residents: Open a joint account with a resident Indian on a former or survivor basis.
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KVB NRE Select SB Account
Make your money work for you by earning interest with KVB NRE Select SB Account.
- Average Balance: Handle your savings account balances with an average monthly balance of ₹ 10,000/-.
- Multiple Card Choices: Choose your own card as per your individual preferences of exclusive benefits from VISA Platinum or Master Platinum.
- Free NEFT/RTGS and IMPS Facilities: Enjoy unlimited no-cost NEFT/RTGS and IMPS services.
- Free Issue of demand drafts/pay orders: Avail the benefits of no-cost issuance of DDs or pay orders.
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KVB NRE Primo SB Account
Avail the best of banking services with KVB NRE Primo SB Account.
- Average Balance: Handle your savings account balances with an average monthly balance of ₹ 25,000/-.
- Travel Benefits: Enjoy complimentary access to select airport lounges in India. Also benefit from premium travel perks, such as complimentary continental breakfast and potential room upgrades at certain properties, with a value of up to $100.
- Exclusive Debit Card: The account includes a special VISA Signature/Master World Chip debit card with a range of features.
- Unlimited Free Services: Get unlimited, free-of-charge personalized cheque leaves, demand drafts/pay orders, and online fund transfers (NEFT, RTGS, and IMPS).
- Insurance Coverage: The account provides a free air accident cover of up to INR 25,00,000 for tickets bought with your KVB Debit Card. It also includes a Personal Accident (PA) cover of up to INR 5,00,000.
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KVB Prestige NRE SB Account
Conduct banking activities with ease with KVB Prestige NRE SB Account.
- Average Balance: Maintain a Monthly Average Balance (MAB) of INR 1,00,000, and ensure your account funds remain adequate.
- Dedicated Relationship Manager: You get a personal Relationship Manager for all your banking needs.
- Travel and Lifestyle Perks: Enjoy free access to select airport lounges in India, along with exclusive privileges and discounts from various brands and partners.
- Zero Banking Charges: Benefit from free banking with no charges for a wide range of services.
- Unlimited Free Transactions: All personalized cheques, demand drafts, pay orders, and online transfers (NEFT/RTGS/IMPS) are free and unlimited.
- High Insurance Coverage: Receive a free global air accident cover of up to INR 50,00,000 and a global Personal Accident (PA) cover of up to INR 5,00,000.
NRE Deposits
Enjoy safety of your funds and competitive interest rates with NRE Deposits at Karur Vyasa Bank.
- Wide Ranging Tenor: Deposit money as per your convenience with a wide-ranging tenor from 1 to 10 years.
- Non-Taxable ROI: The interest earned on Karur Vyasa Bank NRE deposits is non-taxable in India.
- Repatriation: Both the principal and interest can be transferred back to your country of residence in a hassle free manner.
NRE Account Savings Interest Rate
| Slab |
Rate of Interest (% p.a.) |
| EOD balance up to Rs.1 Lakh |
2 |
| EOD balance above Rs.1 Lakh to less than Rs. 5 Lakhs |
2 |
| EOD balance Rs.5 Lakh to less than Rs.10 Lakh |
2.5 |
| EOD balance Rs.10 Lakh to less than Rs.1 Crore |
3 |
| EOD Balance Rs.1Crore to less than Rs.50 Crore |
3.25 |
| EOD Balance Rs.50 Crore to less than Rs.100 Crore |
5 |
| EOD Balance Rs.100Crore to less than Rs.150 Crore |
5 |
| EOD Balance Rs.150 Crore and above. |
5 |
*Interest rates are applicable from August 2025. Rates are subject to change.
NRE Deposits Interest Rates
| Time Bucket |
Interest Rates (%p.a.) |
| 1 Year to 443 days |
6.60 |
| 444 Days |
6.85 |
| 445 Days up to 2 years |
6.60 |
| Above 2 years up to 3 years |
6.60 |
| Above 3 years up to 5 years |
6.60 |
| Above 5 years |
6.25 |
*Interest rates are applicable from August 2025. Rates are subject to change.
Eligibility Criteria to Open Karur Vyasa Bank NRE Account
The following conditions must be fulfilled to open a Karur Vyasa Bank NRE Account in India:
- Account Holder: Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs) can open an NRE account.
- Age Requirement: The applicant must be at least 18 years old.
Documents Required to Open a Karur Vyasa Bank NRE Account
The following documents are required to open a Karur Vyasa Bank NRE Account :
- Duly filled application form
- Valid copies of Passport / Visa / Green Card
- Photograph of each of the account holders (one each to be affixed in account opening form).
- Overseas and local addresses proof with contact Phone / Fax numbers, E-mail address, etc.,
- Specimen signature of the applicants to be verified by the Indian Embassy / Consulate / Overseas Bank or Notary Public on the application form or on a separate paper and such documents should be sent along with account opening form
- Initial remittance
Benefits of Opening a Karur Vyasa Bank NRE Account
The benefits offered by Karur Vyasa Bank NRE accounts are:
- Tax Benefits: The interest you earn on your NRE account is completely tax-free in India.
- Widespread Access: You can access your account anytime, anywhere through the bank's extensive network of branches, ATMs, and other bank ATMs.
- Nomination Facility: You have the option to nominate a beneficiary for your account.
- Foreign Remittances: You can deposit the proceeds of money sent from abroad in any accepted currency.
- Seamless Digital Banking: Karur Vyasa Bank offers advanced online services for fund transfers, bill payments, and account access worldwide.
- Account Transfers: Funds can be transferred from other NRE or FCNR accounts you hold.
Conclusion
The Karur Vyasa Bank NRE Account serves as a banking solution designed for NRIs, allowing them to conveniently manage their foreign earnings in India. With benefits like tax-free interest and full repatriation, it offers both security and freedom. The account's range of features, from 24/7 banking to high insurance coverage options, makes it a flexible and valuable tool for NRIs.
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