How to Open Karur Vysya Bank Fixed Deposit Account

Opening an FD account with Karur Vysya Bank (KVB) is a prudent step towards ensuring financial stability and growth. Known for its long-standing history and commitment to customer satisfaction, KVB offers a myriad of fixed deposit schemes tailored to suit various needs.

Whether you're planning for a significant future expenditure, seeking to grow your savings, or merely aiming for a secured investment, an FD with KVB could be your answer. This blog'll guide you through the simple and efficient steps to open an FD account with Karur Vysya Bank, ensuring a smooth banking experience.

• If you already hold a Savings or Current Account with KVB, a Fixed Deposit can be opened using the below procedure.

1. Using KVB Mobile Application (App):
   Login to the KVB Application, Go to the Banking section in the App, Click on the Fixed/Recurring Deposits option, then click Open Fixed Deposits. By this, you will get an online form in which you will be required to select the FD tenure and insert the deposit amount. After filling out the form, one can submit the details and create an FD.
2. Using the KVB Internet banking website:
   Login to the KVB Internet Banking website and navigate to the “Personal” tab. Select “Fixed Deposits” from the menu and click “Apply Now. This will generate an online form in which you must select the FD tenure and insert the deposit amount. After filling out the form, one can submit the details and create an FD.
    

• If you are a new customer of KVB and do not hold any account, you can visit the nearest KVB Bank with the Original PAN & Aadhar and the soft copy of the same. The bank official will help you to directly open an FD without having any savings / current account.
• Also, there is an option to create a savings/ current account with the bank and then open an FD using a Mobile application or Internet Banking Facility.

Any person in his individual capacity or more than one person in their joint names, any minor jointly with a major, can open a deposit with KVB.
Further, Sole Proprietary concerns, members of charitable and educational institutions, HUF, Clubs, Private Traders, Merchants, Agents, Professionals, Partnerships Firms, Societies & Corporates are also eligible to open their fixed deposit accounts with KVB.
One can start a fixed deposit with a minimum investment of ₹ 100

Banks require the below-listed documents for completing the Mandatory Know Your Customer (KYC) procedure before opening an account for its customer

1. For Identification Proof – PAN Card, Driving License, Passport, Voter’s ID, Aadhar Card, Govt./Defense ID card or ID Card issued by a Reputed employer.
    
2. For Address proof - Aadhar Card, Electricity Bill, Telephone Bill, Ration Card, Bank account statement, Letter from a reputed employer, Letter from any recognized public authority /local body, Income tax/wealth tax Assessment order
    
3. For Date of Birth proof -  Applicable for Senior Citizens & Minor only.
    

• For Senior Citizens ( any one of the following) :

1. Passport
2. Voter ID Card
3. Driving License
4. PAN Card
5. Service Discharge Certificate
6. PPO in the case of Pensioner

• For Minors: Birth Certificate issued by Gram Panchayat / NAC (Notified Area Committee) / Municipal corporation.

Two recent passport-size photographs of account holders.

Note- The above requirements are waived if the customer is already an account holder of the Bank