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Product Details
Bank Name

Karur Vysya Bank Limited

Account Name

KVB Regular salary account is a special salary account designed to meet the needs of employees whose salary ranges from INR 5,000 to INR 50,000 per month

Account Type

Salary 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

KVB Regular Salary Account
Account Opening Fees

INR 0

Annual Maintenance Fees

INR 0

Minimum Account Balance

INR 0

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

KVB Regular Salary Account

Special Features

Anml Rewards Program: Anmol Rewards is a debit card loyalty program offered by Karur Vysya Bank (KVB). It rewards debit cardholders for their everyday spending with points that can be redeemed for various benefits. Here's a breakdown of the program:

Earning Points:

  • You earn Anmol Points on every swipe of your KVB debit card at point-of-sale (POS) terminals or online transactions.

  • The point earning rate varies depending on the type of debit card you have. Some cards offer higher point accrual rates for specific categories like fuel, grocery, or dining.

Eligibility Criteria

To be eligible for KVB Prestige Salary Account, you need to meet certain criteria regarding your employment and salary amount:

1. Employment:

  • You must be a salaried employee receiving your salary through your employer into your KVB Prestige Salary Account.

  • This applies to employees working in both private and public sectors.

2. Minimum Salary:

  • The minimum monthly salary requirement for opening a KVB Prestige Salary Account is between INR 5,000 to  INR 50,000 per month.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros

 Here are some of the key advantages you can enjoy:

  • Anml Rewards Program: Anmol Rewards is a debit card loyalty program offered by Karur Vysya Bank (KVB). It rewards debit cardholders for their everyday spending with points that can be redeemed for various benefits. Here's a breakdown of the program: (A)You earn Anmol Points on every swipe of your KVB debit card at point-of-sale (POS) terminals or online transactions, (B)The point earning rate varies depending on the type of debit card you have. Some cards offer higher point accrual rates for specific categories like fuel, grocery, or dining.

  • Nil non-maintenance charges.

  • Free Demat account opening.

  • Free debit card.

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

  • Low interest rate.

  • Limited branch network.

  • Limited number of ATMs.

Application Procedure

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

There are two ways to open a KVB student savings account, depending on your preference and the student's age:

Online:

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

  • Go to the "Personal" section and choose "Accounts" then "Savings Accounts".

  • Select the appropriate student savings account based on the student's age:

  • Click on "Open Now" and fill in the online application form.

  • Provide details like the student's name, date of birth, contact information, and KYC documents (proof of identity and address). For KVB Jumbo Savings for Kids, the guardian's KYC documents are also required.

  • Submit the application. You will receive a reference number and further instructions via email.

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

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

At a Branch:

  • Locate your nearest KVB branch using the branch locator on the KVB website: https://www.kvb.co.in/locate-us/

  • Visit the branch with the student's and (if applicable) guardian's KYC documents.

  • Inform the representative that you want to open a KVB student savings account.

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

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

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

Application Procedure
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