Product Details
Bank Name
Karur Vysya Bank Limited
Account Name
Regular Savings
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.
Account Opening Fees
INR 0
Annual Maintenance Fees
INR 0
Minimum Account Balance
Not specified.
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
Regular Savings
Special Features
None.
Eligibility Criteria
Any resident of india.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free Debit card.
Free NEFT transfer.
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?
You can open a KVB Regular Savings Account easily through two methods: online or by visiting a branch. Here's a breakdown of both processes:
Online:
Navigate to the KVB website: https://www.kvb.co.in/
Go to the "Personal" section and click on "Accounts" then "Savings Accounts".
Select "KVB Regular Savings" and click on "Open Now".
Fill out the online application form with your details, including:Name
Date of birth
Contact information
PAN number (optional)
KYC documents: Proof of identity (Aadhaar card, PAN card, etc.) and Proof of address (electricity bill, passport, etc.)
Choose your branch preference for further processing.
Review and submit the application. You'll receive a reference number and further instructions via email.
Complete KYC verification:Video call: A KVB representative will call you for a video call to verify your documents and identity.
Branch visit: Alternatively, you can visit your chosen branch for physical verification.
Upon successful verification, your account will be activated and you'll receive welcome materials with your account details.
At a Branch:
Locate your nearest KVB branch: https://www.kvb.co.in/locate-us/
Visit the branch with your original KYC documents (identity and address proof).
Inform the representative that you want to open a KVB Regular 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 itself or through a video call later.
Once all steps are completed, your account will be activated and you'll receive welcome materials with your account details.