top of page
Product Details
Bank Name

Karur Vysya Bank Limited

Account Name

KVB Freedom Savings Banks Account for professionals is a special savings account designed to meet the needs of professionals.

Account Type

Savings Account.

Interest Rate

Balance up to Rs.5 Lakh-2.25%. Balance above Rs.5 Lakh up to Rs.10 Lakh-2.50%. Balance above Rs.10 Lakh to less than Rs. 1 Crore-3.00%.

Free Debit Card

Yes.

Freedom Savings for Professionals
Account Opening Fees

INR 0

Annual Maintenance Fees

INR 0

Minimum Account Balance

INR 5,000

Debit Card Charges

Nil.

NEFT Charges

Free if done through net banking/mobile banking.

IMPS Charges

Free - Up to INR 1,000/-. Beyond INR 1,000: INR 5.

Fees and Charges
Apply Now

Freedom Savings for Professionals

Special Features

Free Cheque book - 25 leaves per year.

Eligibility Criteria

The KVB Freedom Savings Account for Professionals is designed for, as the name suggests, professionals. This means eligibility is based on your occupation and income. Here's a breakdown of the criteria:

Occupation:

  • You must be employed in a recognized profession. This typically includes doctors, lawyers, engineers, accountants, architects, chartered financial analysts, IT professionals, and other salaried individuals with similar qualifications and income levels.

  • Self-employed professionals like doctors running their own clinic or lawyers with their own practice might also be eligible, but additional documentation of income and financial stability might be required.

Income:

  • You must have a minimum annual income of Rs. 3 lakhs or above. This can be salaried income or income from your professional practice if self-employed.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Free Cheque book - 25 leaves per year.

  • Free Debit card, Internet Banking, KVB Dlite Mobile banking facilities. 

Cons
  • No premium value add feature provided with this account. 

  • Low interest rate.

  • Limited branch network.

  • Limited number of ATMs.

Application Procedure

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Product Review
Account Opening and Procedure
How to open an Account?

Opening a KVB Freedom Savings Account for Professionals is relatively straightforward, with options to suit your convenience:

Online:

  1. Visit the KVB website: https://www.kvb.co.in/

  2. Navigate to the "Personal" section, then "Accounts" -> "Savings Accounts".

  3. Select "KVB Freedom Savings for Professionals" and click "Open Now".

  4. Fill out the online application form, providing details like name, contact information, PAN number, proof of identity and address, and income documents.

  5. Submit the application. You'll receive a reference number and further instructions via email.

  6. Complete KYC verification through video call or visit a branch for physical verification.

  7. Upon successful verification, your account will be activated and you'll receive welcome materials.

At a branch:

  1. Locate your nearest KVB branch: https://www.kvb.co.in/locate-us/

  2. Visit the branch with your KYC documents (proof of identity, address, and income).

  3. Inform the representative you want to open a KVB Freedom Savings for Professionals account.

  4. They will assist you with filling out the physical application form and guide you through required paperwork.

  5. KYC verification might happen at the branch or through a video call later.

  6. Once all steps are completed, your account will be activated and you'll receive welcome materials.

Application Procedure
bottom of page