Karur Vysya Bank RD Interest Rates

What is Karur Vysya Bank Recurring Deposit?

Karur Vysya Bank Recurring Deposit (RD) allows you to deposit a specific amount on a monthly basis over a selected tenure period and helps you save in a disciplined way. The minimum investment depends on the RD scheme chosen. For KVB Manimala, it is ₹100 and thereafter it can be added in multiples of ₹25. In the case of KVB Money Mala Plus, investment will be ₹1,000 minimum and this can be contributed in multiples of ₹1,000.

Every monthly payment will also earn interest up to the date of maturity with earlier payments generating comparatively higher returns since the period of compounding will be longer. An RD calculator is also useful in estimating the maturity value and interest income by setting the amount of deposit and term of your deposit. Interest is compounded periodically as per the bank’s norms. Regular and timely payments ensure optimal returns.

Karur Vysya Bank RD Interest Rates

The following table highlights indicative Karur Vysya Bank recurring deposit interest rates across different tenures for deposits below ₹3 crore:

*Karur Vysya Bank RD interest rates w.e.f. April 6, 2026.

Types of Karur Vysya Bank Recurring Deposit

Karur Vysya Bank has various RD plans tailored to various savings goals and customer segments.

1. KVB Manimala

   KVB Manimala is a recurring deposit scheme that allows you to deposit a set amount each month. It helps to accumulate a lump sum on maturity and is applicable to people with constant income. The plan encourages disciplined savings. The deposit has a loan facility and you can choose to get a KVB loan against RD to get the money without closing the account.

   In case of delay in instalment payments, a penalty is charged at ₹1.50 per ₹100 per month for deposits up to 5 years, and ₹2 per ₹100 per month for deposits exceeding 5 years. Even a partial month is treated as a full month for penalty calculation.

2. KVB Manimala Plus

   KVB Manimala Plus is a recurring deposit which is flexible, meaning you can invest a fixed monthly amount and remit an amount that is more than the amount you have committed to as core. It assists in accumulating savings and provides extra flexibility in inputting. It has a loan facility, where the maximum eligibility is up to 75% of total core and flexi portion paid. To avail a loan, customers need to pay 2% interest above the applicable RD interest rate.

   The KVB Manimala Plus scheme does not punish delayed monthly instalments. This implies that the excess delays will not significantly impact your general savings plan.

Key Features of Karur Vysya Bank RD

A Karur Vysya Bank Recurring Deposit has a number of features that contribute to disciplined monthly savings. Key features include:

• Premature Closure: Karur Vysya Bank RD premature withdrawal allows depositors to access funds before maturity if they need them urgently. A penalty applies to interest. For deposits up to ₹3 crore, 1% is deducted from the applicable interest rate. For amounts above ₹3 crore, standard bank penalty norms apply. The final interest is calculated based on the actual tenure after adjusting the penalty.
• Standing Instruction Facility: The scheme offers a standing instruction facility that enables automatic deduction of monthly instalments from a linked account. This ensures timely payments and supports consistent, disciplined savings without manual intervention.
• Flexi Deposit Facility: The plan will enable you to deposit flexi deposits on top of the core deposit so that you can have additional flexibility in savings. The Karur Vysya Bank flexi RD provides the ability to deposit a maximum of 10 times the core amount with a limit of ₹2 lakhs.

How to Open a Karur Vysya Bank RD

The Vysya Bank recurring deposits of Karur Vysya Bank can be opened online or offline and this gives flexibility and convenience.

Online Method

It is easy to open an RD through the digital banking platform, and it requires the following steps:

• Log in to Account: Sign in to internet banking or mobile banking.
• Select RD Option: Click on recurring deposit section.
• Enter Details: Provide monthly instalment and tenure
• Link Account: Choose your Karur Vysya Bank savings account for auto-debit
• Check and Fill-In: Check and make requests.
• Confirmation: Confirmation is received when the RD is created.

Offline Method

An RD can also be opened by simply going to the bank and trying the process manually:

• Branch visit: Visit the closest branch of Karur Vysya Bank.
• Fill Application: Fill out the RD application form.
• Submit Documents: Provide required KYC documents
• Choose Payment Mode: Select standing instruction or manual payment
• First Instalment: Pay the first instalment.
• Confirmation: Obtain confirmation of RD account with the bank.

Eligibility Criteria for Karur Vysya Bank RD

Karur Vysya Bank enables a broad number of investors to open RD accounts:

• Eligible Applicants: Individuals, joint account holders, minor (with guardian), Hindu Undivided Family (HUF), firm, companies, trusts, and institutions.
• Age Requirement: No specific age restriction; minors can open accounts with guardians
• Documentation Requirement: Authenticated KYC documents like identity proof, address proof and photos.
• Bank Account Requirement: To make monthly instalments, a savings or current account must be maintained with the Karur Vysya Bank.

Key Takeaways

Karur Vysya Bank recurrent deposits provide a regular means of accumulation of savings. The term can range from 6 months to 10 years. The minimum deposit is ₹100. The interest rates range from 6% to 6.80%, depending on the tenure and customer type. Alternatives such as KVB Manimala offer up to 120 months, and KVB Money Mala Plus offers 12 to 36 months. In general, it is an effective investment in disciplined financial planning.