Fixed Deposit Details
Bank Name
Karur Vysya Bank
Eligibility
Individuals Individuals jointly with other Individuals Minors. HUF. Sole Proprietary concerns. Trusts, Associations, Clubs & Societies. Partnership Firms. Joint stock companies. Any other entity not prohibited by RBI
Interest Rate
7.50 to 8.00%
Tenure
444 Days
Fixed Deposit Type
Special Deposit Scheme
KVB 444 Special Deposit Scheme
Tax Benefits
Credit Ratings
[ICRA]A+
Interest Payment Frequency
Interest pay-out and Cumulative Options available. Interest paid on monthly, quarterly and half yearly basis will be simple rate of interest. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Both
Features
Rate Of InterestGeneral Public & NRIs - 7.25% p.a. Senior Citizens - 7.65% p.a. Interest PaymentInterest pay-out and Cumulative Options available. Interest paid on monthly, quarterly and half yearly basis will be simple rate of interest. Deposit LoanThe depositor can avail loan/overdraft against deposit as per the norms applicable to Regular Term Deposits. Auto Renewal optionAvailable. The deposit will be auto-renewed for the same period at the Rate of Interest prevailing on the date of maturity, in the absence of instructions. NominationNomination facility available.
Minimum Investment Amount
Rs.1000/-. Maximum Deposit amount Rs. 1,99,99,999/-
Features & Benefits
Pros
- Higher interest rates
- Flexibility in interest payout
- Loan against deposit
- Shorter lock-in period
- Additional concession for senior citizens.
Cons
- Lower liquidity
- Early withdrawal penalty
Pros & Cons
How to Open?
There are two ways to open a KVB 444 Special Deposit Scheme account:
- Visit your nearest KVB branch: This is the traditional way. Talk to a bank representative and express your interest in opening the KVB 444 Special Deposit Scheme. They will guide you through the application process and collect the necessary documents.
- Existing KVB customers can potentially open the account online: If you are an existing customer with internet banking access, check the KVB website or internet banking portal to see if the scheme is available for online application.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:30Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
