Interest Rates & Charges Quick Glance

Get to know the various Interest Rates of Savings accounts, Loans for Personal and Business. Check in detail about the interest rates of various products and services.Check out the Service charges, fees, processing charges in Karur Vysya Bank for various banking activities in detail.

1. Interest Rate for Savings Accounts (Domestic/NRI/Senior Citizen)

Rates of Interest on Savings Account (w.e.f. 12.06.2024) are listed below:

(In %)
Slab Rate of Interest
EOD balance less than Rs.5 Lakh 2.25
EOD balance Rs.5 Lakh up to less than Rs.10 Lakh 2.50
EOD balance Rs.10 Lakh up to less than Rs.1 Crore 3.00
EOD Balance Rs.1Crore up to less than Rs.100 Crore 3.25
EOD Balance Rs.100Crore up to less than Rs.150 Crore MIBOR -0.50
EOD Balance Rs.150 Crore and above. MIBOR -0.50

*KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.

2. Minimum Balance (Domestic SB Accounts & Non-Resident)

Nature of Account Minimum Balance
Rural Semi Urban Urban
Savings Account – Domestic
a. With cheque book facility 1000 1000 1000
b. Without cheque book facility 1000 1000 1000
c. Basic Savings Bank Deposit Nil Nil Nil
Non-Resident
a. NRO 1000 1000 1000
b. NRE Nil Nil Nil

3. Deposit Interest Rates

a) Resident / NRO Deposits

*KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.

b) NRE Deposits

*KARUR VYSYA BANK RESERVES THE RIGHT TO CHANGE / ALTER/ WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.

c) FCNR / RFC Deposit Rates

4. Retail Loans Card Rates:

5. Retail Loans Processing Charges:

Loan product Processing Charges
Jewel loan / Over draft Term Loan :
Jewel loan limit Total Charges payable
Loan limit up to Rs.0.50 lac 40 paisa per loan of Rs.100 subject to a maximum of Rs.200/
Loan limit up to Rs.1.00 lac 40 paisa per loan of Rs.100 subject to a maximum of Rs.400/
Loan limit above Rs.1.00 lac and not beyond Rs.2.00 lacs 40 paisa per loan of Rs.100 subject to a maximum of Rs.800/
Loan limit above Rs.2.00 lac and not beyond Rs.3.00 lacs Flat sum of Rs. 1000 irrespective of the loan quantum
Above Rs.3.00 lacs Flat sum of Rs. 2000 irrespective of the loan quantum

Overdraft : 0.50%

Personal Loan Corporate 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST.
Personal Loan ( Unsecured) 3.00% of the loan requested amount.
Personal Loan (Secured) 0.50%
Personal Loan Secured Others Min 1% & Max 2% of loan amount.
KVB Gruhapravesh for NRI
Loans up to Rs. 25 Lakhs Rs. 2,500/- + GST
Loans between Rs. 25 Lakhs & Rs. 50 Lakhs Rs. 5000/- + GST
Loans above Rs. 50 Lakhs Rs. 7,500/- + GST
Happy Home Loans
Loans up to Rs. 25 Lakhs Rs. 2,500/- + GST
Loans between Rs. 25 Lakhs & Rs. 50 Lakhs Rs. 5,000/- + GST
Loans above Rs. 50 Lakhs Rs. 7,500/- + GST
4 Wheeler loan (Passenger vehicle)
Loan value up to Rs. 10 Lakhs Rs. 3,000/-
Loan value above Rs. 10 Lakhs Rs. 7,500/-
Two Wheeler Loan
Vehicle value up to Rs. 2 Lakhs 1% of loan amount subject to a minimum of Rs. 1,000/-
Vehicle value above Rs. 2 Lakhs up to Rs. 10 Lakhs Rs. 3,000/-
Vehicle value above Rs. 10 Lakhs Rs. 7,500/-
Educational Loans
Vidyalakshmi Portal Handling Charges Rs. 110/- + GST
Check more at Vidyalakshmi Portal.
Processing Charges For loans above Rs.7.50 Lakhs Rs.5000/- + GST & for 783 product Rs.10000/-+ GST

6. Safe Deposit Locker Charges:

a. Safe Deposit Locker Charges (exclusive of GST)

BIN Type Size Metro / Urban Semi-Urban / Rural
A Small Rs. 1,500/- Rs. 1,200/-
B
C Medium Rs. 2,500/- Rs. 1,700/-
D
E Big Rs. 4,000/- Rs. 2,000/-
F Large Rs. 6,000/- Rs. 2,500/-
G
H
I Big Rs. 4,000/- Rs. 2,000/-
J Extra Large Rs. 8,000/- Rs. 3,000/-
K
L Mega Lockers Rs. 20,000/- Rs. 20,000/-

b. Locker operations:

  1. Locker operations up to 12 visits in a year - Free
  2. Beyond 12 visits for every Locker Operation Rs. 200/- plus GST

7. Debit Card Related Services:

Nature of Services Individuals / Sole Prop. / Partnership firms / Companies / Trusts and Others in Non-Rural Areas Senior Citizens, Pensioners and Individuals in Rural Areas
1.Debit Card - EMV Chip Card
First time issuance (Welcome Kit & Non- Welcome Kit) Free Free
Re-issuance of Debit Card Rs. 300/- (Incl.GST) Rs. 300/- (Incl.GST)
Add-on Debit card Rs. 300/- (Incl.GST) Rs. 300/- (Incl.GST)
Personalised Debit Card Rs. 300/- (Incl.GST) Rs. 300/- (Incl.GST)
Annual Maintenance Fee (No charge for Prestige Account ) Rs. 300/- (Incl.GST) Rs. 300/- (Incl.GST)
Card renewal Free
In case there are no operations in the preceding 1 year - Rs.300/- (incl GST)
Free
In case there are no operations in the preceding 1 year - Rs.300/- (incl GST)
Duplicate PIN Free Free
Hotlisting Free Free
2. ATM Transactions
  1. KVB ATMs/BNRMs (other than cash Deposit) KVB ATMs/BNRMS (Cash withdrawal) On-Us transactions) : KVB customers using KVB ATMs & BNRMs (Excluding Senior Citizen, Student, PMJDY, Jumbo, Prestige, Pride, HNI &Small Savings account).
  2. For current account holders, charges will be levied from 1st transaction.
5 transactions (Financial & Non-Financial) Free per month, thereafter Rs.25/- (incl.GST) per transaction 5 transactions (Financial & Non-Financial) Free per month, thereafter Rs.25/- (incl.GST) per transaction
  1. Other Bank ATMs
  2. For current account holders, charges will be levied from 1st transaction.
Non-metro ATMs:
5 Free transactions per month (Financial + non-financial) for saving accounts
For Metro ATMs:
3 free transactions per month out of the total 5 free transactions.

Thereafter
Rs. 25/- (Incl.GST) per transaction (both Financial & Non-Financial transaction).
Non-metro ATMs:
5 Free transactions per month (Financial + non-financial) for saving accounts
For Metro ATMs:
3 free transactions per month out of the total 5 free transactions.

Thereafter
Rs. 25/- (Incl.GST) per transaction (both Financial & Non-Financial transaction).
In Visa / Master outlets outside India
International ATM transactions
Financial transaction. - Rs. 125/-
Non-financial transaction. - Rs. 25/-
Financial transaction. - Rs. 125/-
Non-financial transaction. - Rs. 25/-
Fund Transfer through ATM Free Free
In POS Free Free
Business Decline: Transactions declined due to lnsufficient fund in account. (KVB customers using: KVB ATMs & BNRMs, Other bank ATMs & BNRMs - for cash withdrawal). Rs. 20+GST per instance / transaction Rs. 20+GST per instance / transaction

8. Credit Card Related Services:

a) KVB Credit Card

KVB Platinum Credit Card
Finance Charges 3.25% per Month; 39% P.A
Joining fee Free
Annual fee Rs.599.00/card
Card Replacement fee Rs.199/- (Waived for Fraudulent transaction, reissue on Expiry)
Cash withdrawal 2% of the cash withdrawn or Rs 300. (Whichever is higher)
Payment (cheque/ECS/NACH) return Rs 500/-
Goods & Service Tax(GST) Applicable on all fees, interest and other charges.
EMI/BT processing charges Rs 300 or 1% of the loan amount (Whichever is higher)
EMI/BT foreclosure charges 3% on the principle outstanding
KVB Honour Credit Card
Finance Charges 3.25% per Month; 39% P.A
Joining fee Free
Annual fee Rs 999.00/Card
Card Replacement fee Rs.199/- (Waived for Fraudulent transaction, reissue on Expiry)
Cash withdrawal 2% of the cash withdrawn or Rs 300. (Whichever is higher)
Payment (cheque/ECS/NACH) return Rs 500/-
Goods & Service Tax(GST) Applicable on all fees, interest and other charges.
EMI/BT processing charges Rs 300 or 1% of the loan amount (Whichever is higher)
EMI/BT foreclosure charges 3% on the principle outstanding
KVB Corporate Credit Card
Finance Charges 2.95% per month: 35.40% p.a
Joining fee Free
Annual fee Rs.1,000.00/card (free for first year)
Card Replacement fee Rs.500/-
Cash withdrawal Cash withdrawal 2% of the cash withdrawn or Rs.100 whichever is
higher

Payment (cheque/ECS/NACH) return Rs.500.00
Goods & Service Tax(GST) Applicable on all fees, interest and other charges
EMI/BT processing charges NA
EMI/BT foreclosure charges NA

b) Co-Branded KVB SBI Credit Cards:

Karur Vysya SBI Gold Card
  • Annual Fee Rs. 499/-.
  • Renewal Fee Rs. 499/-.
  • Annual fees reversal on spends of Rs. 1 Lakh and above.
Karur Vysya SBI Platinum Card
  • Annual fee Rs. 2,999/-.
  • Renewal fee Rs. 2,999/-.
Karur Vysya SBI Signature Card
  • Annual fee Rs. 4,999/-.
  • Renewal fee Rs. 4,999/-.

9. Remittance Charges:

Nature of Services Individuals / Sole Prop. / Partnership Firms / Companies / Trusts and Others in Non-Rural Areas Senior Citizens, Pensioners and Individuals in Rural Areas
1. Demand Drafts
SB Account Holders Rs. 3.50/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Rs. 3/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Current Account Holders Rs. 4/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Rs. 3/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Non-Account Holders For Individuals :
Rs. 5/- per Rs. 1,000/-
Min - Rs. 60/-
Max - Rs. 250/-
For Senior Citizen :
Rs. 3/- per Rs. 1,000/-
Min - Rs. 35/-
Max - Rs. 150/-
For Individuals :
Rs. 5/ - per Rs. 1,000/-
Min - Rs. 60/-
Max - Rs. 250/-
For Senior Citizen :
Rs. 3/- per Rs. 1,000/-
Min - Rs. 35/-
Max - Rs. 150/-
DD for students (As per BCSBI guidelines) Free Free
DD Cancellation, issue of duplicate DD Up to Rs. 5,000/- - Rs. 60/-
Above Rs. 5,000/- - Rs. 120/-
Up to Rs. 5,000/- - Rs. 60/-
Above Rs. 5,000/- - Rs. 120/-
Revalidation of DD Up to Rs. 5,000/- - Rs. 25/-
Above Rs. 5,000/- - Rs. 50/-
Up to Rs. 5,000/- - Rs. 25/-
Above Rs. 5,000/- - Rs. 50/-
2. A. RTGS (through Branch) - Outward:
Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 24.50/- Rs. 24.50/-
Above Rs. 5 Lakhs Rs. 49.50/- Rs. 49.50/-
B. RTGS (through Netbanking) - Outward:
Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 14.50/- Rs. 14.50/-
Above Rs. 5 Lakhs Rs. 29.50/- Rs. 29.50/-
3. A. NEFT (through Branch) - Outward:
Up to Rs. 10,000 Rs. 2.25/- Rs. 2.25/-
Above Rs. 10,001/- to Rs. 1 Lakh Rs. 4.75/- Rs. 4.75/-
Above Rs. 1 Lakh to Rs. 2 Lakhs Rs. 14.75/- Rs. 14.75/-
Above Rs. 2 Lakhs Rs. 24.75/- Rs. 24.75/-
B. NEFT (through Netbanking) - Outward:
Up to Rs. 10,000/- No charges No charges
Above Rs. 10,001/- to Rs. 1 Lakh No charges No charges
Above Rs. 1 Lakh No charges No charges
NEFT initiated through cash is limited to Rs. 50,000/- only per day per party
NEFT Money Transfer - Inward Free Free
RTGS Money Transfer – Inward Free Free
4. Pay Orders
SB Account Holders Rs. 3.50/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Rs. 3/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Current Account Holders Rs. 4/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Rs. 3/- per Rs. 1,000/-
Min - Rs. 30/-
Max - Rs. 15,000/-
Beyond free limit applicable for all products
Non-Account Holders For Individuals :
Rs. 5/- per Rs. 1,000/-
Min - Rs. 60/-
Max - Rs. 250/-
For Senior Citizen :
Rs. 3/- per Rs. 1,000/-
Min - Rs. 35/-
Max - Rs. 150/-
For Individuals :
Rs. 5/- per Rs. 1,000/-
Min - Rs. 60/-
Max - Rs. 250/-
For Senior Citizen :
Rs. 3/- per Rs. 1,000/-
Min - Rs. 35/-
Max - Rs. 150/-
PO for students (As per BCSBI guidelines) Free Free
Revalidation of PO Up to Rs. 5,000/- - Rs. 25/-
Above Rs. 5,000/- - Rs. 50/-
Up to Rs. 5,000/- - Rs. 25/-
Above Rs. 5,000/- - Rs. 50/-
PO Cancellation Up to Rs. 5,000/- - Rs. 60/-
Above Rs. 5,000/- - Rs. 120/-
Up to Rs. 5,000/- - Rs. 60/-
Above Rs. 5,000/- - Rs. 120/-

10. Collection Charges:

Nature of Services Individuals / Sole Prop. / Partnership Firms / Companies / Trusts and Others in Non-Rural Areas Senior Citizens, Pensioners and individuals in rural areas
A. Cheque Collection - Inward / Outward
Up to & Including Rs. 5,000/- Rs. 25/- Rs. 25/-
Above Rs. 5,000/- & up to & including Rs. 10,000/- Rs. 50/- Rs. 50/-
Above Rs. 10,000/- & up to & including Rs. 1,00,000/- Rs. 100/- Rs. 100/-
Above Rs. 1,00,000/- Rs. 200/- Rs. 200/-
B. Cheques Sent for Collection - Returned
Local Cheque (of our bank) Rs. 30/- Rs. 30/-
Outstation Cheques 50% of the commission charged as per RBI guidelines + other bank charges if any 50% of the commission charged as per RBI guidelines + other bank charges if any
Inward Cheques(Where customer at Fault)
(applicable for internal transfer of funds request also)
Current and OD accounts: One-day interest at base rate Min. Rs. 600/- Max. Rs. 7,500/-
For SB accounts: Min Rs. 350/- Max. Rs. 7,500/- for all SB products including Edu Plus
Current and OD accounts: One-day base rate or Min. amount Rs. 550/- and Max. Rs. 7,500/-
For SB accounts: Min Rs. 300/- Max. Rs. 7,500/- for all SB products including Edu Plus
Outward Cheques
(applicable for internal transfer of funds request also)
SB Accounts - Rs. 100/-
All other Accounts Rs. 200/-
SB Accounts - Rs. 100/-
All other Accounts Rs. 200/-

11. Account Related Charges:

Nature of Services Individuals / Sole Prop. / Partnership Firms / Companies / Trusts and Others in Non-Rural Areas Senior Citizens, Pensioners and Individuals in Rural Areas
1. Cheque Book Issue
For all Current Accounts (including MCC accounts)
Annual Average Balance of the previous year (AAB) Annual Average Balance of the previous year (AAB)
AAB <= Rs. 25,000/- - 200 leaves free AAB <= Rs. 25,000/- - 200 leaves free
AAB > Rs. 25,000/- and <= Rs. 100000/- - 300 leaves free AAB > Rs. 25,000/- and <= Rs. 100000/- - 300 leaves free
AAB > Rs. 100000/- - 500 leaves free
Beyond free limit Rs. 3/- per leaf
AAB > Rs. 100000/- - 500 leaves free
Beyond free limit Rs. 3/- per leaf
Overdraft Accounts Rs. 3/- per leaf for all OD / CC Accounts Rs. 3/- per leaf for all OD / CC Accounts
Regular Savings Bank Account (155 product) 25 leaves free per annum for all eligible Accounts
thereafter Rs. 10.00/- per leaf
Rs. 3/- per leaf for Senior Citizen product
25 leaves free per annum for all eligible Accounts
thereafter Rs. 10.00/- per leaf
Rs. 3/- per leaf for Senior Citizen product
Freedom SB Account 25 leaves free per annum
thereafter Rs. 10/- per leaf
25 leaves free per annum
thereafter Rs. 10/- per leaf
Yuvashakthi SB Accounts 25 leaves free per annum
thereafter Rs. 10/- per leaf
25 leaves free per annum
thereafter Rs. 10/- per leaf
Prestige SB Accounts Free Unlimited no. of leaves Free Unlimited no. of leaves
Shakthi SB Accounts 25 leaves free per annum
thereafter Rs. 10/- per leaf
25 leaves free per annum
thereafter Rs. 10/- per leaf
For all other applicable SB products Cheque Book charges after free limit Rs. 10/- per leaf for all accounts Rs. 10/- per leaf for all accounts
2. Issuance of No Dues certificate to non-customers
Issuance of No Dues certificate to non-customer charges Rs. 150/- Rs. 50/-
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