Fixed Deposit Details
Bank Name
Karur Vysya Bank
Eligibility
Can be opened in the name of Individuals
Interest Rate
Up to 8.00%
Tenure
1 year to 10 years
Fixed Deposit Type
Regular
Double Delight
Tax Benefits
Credit Ratings
[ICRA]A+
Interest Payment Frequency
Deposit repayable along with accrued interest after an agreed fixed period of time. 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
Cumulative
Features
Can be opened in the name of Individuals Free hospital Insurance coverage of Rs.750 per day maximum of 7 days in a year, throughout the period. * applicable for Primary account holder with 24 hrs admission. Preferential RoI for Senior Citizen Deposit repayable along with accrued interest after an agreed fixed period of time. Invest the amount in odd sums and get the round sums of maturity Maturity Amount will be 1 Lakh, 2 Lakhs, 3 Lakhs, 4 Lakhs and 5 Lakhs Loan available on deposit Waiver of Pre closure charges for the deposits opened for the tenor more than 2 years inclusive of deposits pre-closed after a period of 2 years.
Minimum Investment Amount
Invest the amount in odd sums and get the round sums of maturity Maturity Amount will be 1 Lakh, 2 Lakhs, 3 Lakhs, 4 Lakhs and 5 Lakhs
Features & Benefits
Pros
- Can be opened in the name of Individuals
- Free hospital Insurance coverage of Rs.750 per day maximum of 7 days in a year, throughout the period.
- Preferential RoI for Senior Citizen
- Deposit repayable along with accrued interest after an agreed fixed period of time.
- Invest the amount in odd sums and get the round sums of maturity
- Maturity Amount will be 1 Lakh, 2 Lakhs, 3 Lakhs, 4 Lakhs and 5 Lakhs
- Loan available on deposit
- Waiver of Pre closure charges for the deposits opened for the tenor more than 2 years inclusive of deposits pre-closed after a period of 2 years.
Cons
- Lower Interest Rates
- Not for Senior Citizens with Longer Terms
- Only for Individuals
Pros & Cons
How to Open?
- Visit a Branch: You can apply for the KVB Double Delight FD by visiting the nearest branch of Karur Vysya Bank. Speak to a bank representative, and they will guide you through the account opening process.
- Online Application: Alternatively, you can apply online through the bank’s official website. Visit the KVB website, navigate to the Double Delight FD section, and follow the instructions to open your account.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:31Z. 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.
