Karur Vysya Bank Savings Account

Here is the table of the KVB savings account interest rates-

• Offers immense liquidity
• Promotes consistent savings
• It is a free-of-risk type of investment
• You can gain an interest rate of up to 3.25% p.a. on the money present in the savings account

Those listed below are eligible to open a savings account with Karur Vysya Bank.

• Minors
• Hindu-undivided families
• Pensioners and staff members
• Clubs, associations
• Two or more individuals
• Individuals in single name

Thanks to their online account opening option, starting a Savings Account with KVB is an easy and simple process. By accessing the bank's website, you can make an online account opening request. For more information on applying online, go to the "Online Account Opening Request" link.

After you have completed the form and reviewed the relevant documents against the bank's checklist, a representative will call you and collect the documents. You will receive the Starter Kit and be able to begin saving through the account after your documents have been validated.

You could also open an account by visiting a bank branch and completing an application form. You must submit the application form together with all supporting documentation. You will receive the Starter Kit after the bank validates the documents.

• Passport, valid driver's license, Permanent Account Number (PAN) card, Voter ID card, Aadhaar Card, Government-issued photo identity card, NREGA Card, and so on.
• Passport, driver's license, another bank's passbook, utility or phone bills, ration card, etc.
• Photographs in passport size.

The required minimum balance to be maintained in the savings account varies with the type of savings account.

Below listed are the various types of savings accounts offered by Karur Vysya Bank-

• This is a no-frills savings account that provides 25 free cheque leaves per year and free base branch cash remittance.
• Holders can also get a debit card, as well as access to the internet and mobile banking.

• This savings account is created specifically for women and includes features such as 25 free cheque leaves each year and free access to online and mobile banking.
• Account holders can also benefit from free NEFT or RTGS transfers or Demand Draft/Pay Order transactions up to Rs.1,000,000 per month.
• They will also receive a 25% discount on the processing cost for retail loans and related goods.

• This account is meant for high-net-worth individuals and includes specific benefits and features such as free customized cheque books and internet banking.
• Account holders will also be given an overseas Debit card with no card fees and a daily withdrawal limit of Rs.1 lakh.
• Transferring funds using NEFT/RTGS will be free of charge.

• This savings account was created for students to assist them in developing the habit of saving and therefore guarantee their financial future.
• There are no minimum balance maintenance needs for this account.

• Children who are 12 years old can open an account.
• This zero-balance account includes free ATM/debit cards as well as a free doll when you open the account.

• This account offers the benefits of a premier account without the requirement of keeping a large balance.
• Every year, account holders receive free cash remittances at base branches as well as 25 free cheque leaves.
• Demand Drafts would be issued for free up to Rs.25,000 each month.

This account is a combination of the benefits of a fixed deposit with the characteristics of a savings account to give account holders the possibility to earn significant income on their funds. They can also use internet banking and mobile banking. They can also get a debit card.

• Receive a cash boost to jumpstart your career with the YuvaShakti account.
• Benefits include an international debit card and free e-commerce services like bill payment and e-ticketing.
• Every year, a cheque book with 25 cheque leaves will be delivered at no additional cost.
• Internet banking is also available at no additional cost.

• The employee must be paid at least Rs.50,000 per month.
• It is possible to open a free Demat account.
• There is no requirement to keep a minimum balance.
• A year's supply of 100 cheque leaves is provided at no extra cost.
• There are also free mobile and internet banking options.

• The employee's average wage should be between Rs.5,000 and Rs.50,000.
• It is possible to open a free Demat account.
• There is no requirement to keep a minimum balance.
• Every year, 20 cheque leaves will be delivered at no additional cost.
• Mobile and online banking will be available at no additional cost.

• Individuals who are more than the age of 60 are eligible to open an account.
• There is no requirement to keep a minimum balance.
• Twenty-five cheque leaves will be provided at no extra charge.
• A free debit card will be distributed.
• There will be no charge for mobile or internet banking.

• The goals of this account are to guarantee that all members of society have access to financial services.
• This account is intended for folks who want to take advantage of the basic banking services that come with a savings account.
• There are no minimum balance maintenance needs for this account - and there are no transaction limits.