Karur Vysya Bank

Karur Vysya Bank

Karur Vysya Bank is a scheduled commercial bank situated in India. It was founded in 1916 and is one of the most trusted and oldest banks in India. It completed its 100 years of operations in the year 2016. The bank primarily operates in treasury, corporate/wholesale banking and retail banking sectors.

Karur Vysya Bank Offerings

• Saving Account
• Current Account
• Deposit’s
• Recurring deposit
• Fixed Deposit
• KVB Tax Saving Deposit
• Loans
• Insurance
• Digital Products
• Locker
• Social Security Schemes
• Credit card

Karur Vysya Bank Loans Offered

Personal loan

• Bon Voyage
• Jewel loan/Overdraft
• Insta Loan
• Personal loan secured/unsecured
• Quick Loan
• IPO Funding

Home Loans

• Happy Home loans
• KVB Gruhaparvesh for NRI’s

Vehicle Loan

• Flexi Mobile Car Loan
• Two-wheeler loan

Education loan

Commercial loans

Karur Vysya Bank Gold loan

Loans against gold jewellery are one of the easiest loans to get. These types are secured loans and cause of that they have a relatively lower rate of Interest. Karur Vysya Bank offers gold loans in the form of overdraft and short term loans(Jewel loan- Non-Agri/Personal)

Features and benefits of gold loan from Karur Vysya Bank

• It is treated as an overdraft/short term loan
• It is allotted only to people who own gold ornaments.
• This loan is specifically for personal purposes.
• Low rate of interest provided by the bank. 
• The repayment tenure is up to 12 months.
• Lowest processing charges of just 0.50%.
• The minimum loan amount is Rs. 5000.

Karur Vysya Bank Personal loan

Karur Vysya Bank customers can choose from a variety of personal loans. Customers can select the loan kind that best suits their needs. For each of these loans, the KVB has established eligibility conditions. Some of these eligibility conditions are universal and apply to all types of personal loans, while others are particular to the loan type. The specifics are mentioned below.

Bon Voyage

• The purpose of the trip – Is it for business or pleasure? (travel to Nepal or Bhutan not eligible)
• Residence – Indian citizen or person residing in India
• Age – The minimum age is 21 years old, and the maximum age is 65 years old.
• Salary – A minimum annual salary of Rs. 1,80,000 is required, with a net take-home pay of 25% of the gross salary.
• Another condition is that the employer agrees to deduct the EMI from the employee’s salary and credit it to the bank.

Swarnamitra

• Use – For personal or non-agricultural purposes.
• Residence – Indian citizen or person residing in India
• Age – The minimum age is 21 years old, and the maximum age is 65 years old.

Insta Loan

• Use – For personal or non-agricultural purposes.
• Residence – Indian citizen or person residing in India
• Permanent employees of government or private institutions are eligible applicants (temporary employees not eligible)
• Age – The minimum age is 21 years old, and the maximum age is 65 years old.
• Salary – The minimum net take-home pay should be 25% of the gross salary.

IPO Funding

• The goal is to invest in initial public offerings (IPOs).
• Indian Citizenship or a person residing in India are considered to have a residential status for this loan.
• Eligible applicants are those who have a savings account with any KVB branch, a Demat account with KVB, or a Demat account with any of the approved DPs.

Quick Loan

• Purpose – For professional or personal reasons
• Residence – Indian citizen or person residing in India
• Eligible Applicants – Those who pledge securities with a determinable surrender value (NSCs, KVPs, state or central government bonds).
• Additional Stipulation – LIC policies are not eligible for pledging.

Personal Loan (Secured/Unsecured)

• Purpose – For personal use only.
• Residence – Indian citizen or person residing in India
• Permanent employees of government or private institutions are eligible applicants (temporary employees not eligible)
• Age – The minimum age is 21 years old, and the maximum age is 65 years old.
• Salary – The minimum net take-home pay should be 25% of the gross salary.
• Additional Stipulation – The employer must agree to deduct the EMI from the employee’s salary and credit it to the bank.
• A salary certificate is required.
• ITR must be submitted by self-employed individuals.

Karur Vysya Bank Car Loan

Owning a car is everyone’s dream sometimes it shatters due to financial constraints. But don’t worry this problem can be solved in a very easy way. And for that, you just need to come to and ask them for a vehicle loan. Karur Vyas offers Car loans at a low rate of interest. Some of the features and benefits of a car loan are listed below:-

Features and benefits of Car loan from Karur Vysya Bank

• 100% on-road funding.
• Up to 6 months of EMI Holiday
• Repayment period of up to 7 years.
• Any Indian resident can avail of this loan, except the ones who are engaged in any type of car hiring business.
• You can avail of this loan to purchase a new handed or a second-hand car(not older than 5 years) which is for business or personal use, except for car hire.
• You can avail of this loan to purchase a new handed or a second-hand car(not older than 5 years) which is for business or personal use, except for car hire.

Karur Vysya Bank Home Loan

Getting/Buying a house is everyone’s dream and you can easily fulfil that dream of yours using Karur Vysya Bank Happy home Loans. Some of the features and benefits of a housing loan from KVB are listed below:-

• No prepayment charges
• Up to 25 years of maximum repayment tenor
• 24 Months of the max holiday period
• Any resident of India can apply for it.
• NRI can also avail of this loan under KVB – Gruhapravesh.

Karur Vysya Bank Credit card

Karur Vysya Bank credit card is available in two types mainly the KVB Gold and more cards and KVB Platinum cards. This bank issues both secured and unsecured credit cards. And these cards are known as KVB SBI since the bank has collaborated with SBI credit cards.

Karur Vysya Bank Netbanking

Features & Benefits of Karur Vysya Bank Internet Banking

• Account Transaction Details – With internet banking, you can easily view your bank account’s transaction activity and history at a glance. This is especially useful for keeping track of your savings account transactions and looking for any discrepancies.
• Account Statements Can Be Viewed or Printed – Internet banking allows users to not only view but also print their account statements. These are required not only for personal reference but are also frequently required in order to obtain other financial services such as loans, insurance, tax assessments, and so on.
• Transfer of Funds – The ability to transfer funds electronically is one of the most important features of internet banking. Customers can use internet banking to transfer funds in any account within India.
• Direct/Indirect Tax Payments – Internet banking allows users to make direct or indirect tax payments from their accounts. The instructions are straightforward and simple to follow.
• Making Secure Online Payments Is Simple – Another useful feature of internet banking is the ability to make secure online payments. With almost everything now available online, it is very simple to shop for groceries, clothing, make travel reservations, and so much more. Not only that, but internet banking now allows users to pay their utility bills (such as electricity, water, and broadband bills) online. With an easy auto-debit facility, internet banking also allows for the convenient and timely payment of insurance premiums and loan EMIs.

Karur Vysya Bank Customer Care Number

1860 258 1916 is the customer care number for Karur Vysya Bank.

Karur Vysya Bank Customer Complaints

•  What should I do if my account has been charged in an unauthorised manner?

You should contact your bank and file a dispute, as this is an option available to all customers. This dispute can be resolved by visiting the bank in person, by phone, or by emailing bank support.

• Are ATM transactions charged to customers?

The RBI has mandated a minimum number of free ATM transactions. However, banks may increase the number of free transactions or charge fees for additional transactions at ATMs. For more information, please visit the website of the bank where you have your account.

• Who is in charge of issuing these cards?

Banks issue debit cards that are linked to a bank account. Banks typically issue credit cards. Banks or non-banks give prepaid cards or wallets in exchange for money paid in advance by the cardholder and stored in such cards.

How to open a savings account in Karur Vysya Bank  

To open a savings bank account in the Karur Vysya Bank, you need to follow the below-mentioned steps:

(1) Personally Visit Karur Vysya Bank Branch

Firstly, you will require to tour the bank branch in which you want to open your account.

(2) Fill out the Savings Account, Account Opening Form.

First, get the form from there and fill all the mandatory details of the customer’s information and other information in the different sections given in the designated form like name, address, contact number, e-mail id, PAN, type of account to be opened, nominee’s name, etc.

(3) Attach Required all the Mandatory Documents with the Account Opening Form (AOF)

After filling out the account opening form, you need to attach KYC documents like PAN, Proof of Address & Proof of Identity.

Some banks make it mandatory to provide a Permanent address and telephone number.

(4) Verification process

The banker will verify the Account Opening Form and other attached documents. If he is happy with these requirements, he will proceed further.

(5) Now, deposit the Minimum Balance Amount into your Savings Account per the requirements of your Savings Account.

After verifying the banker’s Account Opening Form (AOF) & Other Documents, you will be allotted an account number. You will then be obligated to deposit the least requisite balance in your account as per the account type of the savings bank account.

(6) Now go to the bank and get the Cheque Book, Passbook, Debit Card, and other documents.

Once your account has been successfully opened, the banker will hand over the Cheque Book, Passbook, Debit Card, and Other Documents to you, and you will be able to make transactions from your account.

How to Open a Current Account in Karur Vysya Bank

If you require to initiate a current account in the Karur Vysya Bank, you need to follow these simple below-mentioned steps:

(1) Visit the Bank Branch

For this, first, you need to visit the bank branch in which you need to open your account.

(2) Fill the Account Opening Form (AOF) for Current Account

Get the Account Opening Form and fill in all the necessary details of the customer’s information and other information in the different sections given in the form like name, address, contact number, e-mail id, PAN, type of account to be opened, nominee’s name, etc.

(3) Attach Required Documents with the AOF

After finishing the account opening form, you must attach KYC documents based on the type of account you wish to open, such as a savings account, a current account, and so on. These documents will also be dependent on your legal status, such as Individual, HUF, Proprietor, Partnership Firm, Company, Trust, and so on.

(4) Get your AOF & Other Documents by the Banker

The banker will verify the AOF and other attached documents. They will proceed if he is satisfied with these requirements.

(5) Deposit the Minimum Balance Amount in the Account

After it, you will be assigned an account number, and you are needed to submit the minimum required balance in your account.

(6) Obtain your Cheque Book, Passbook & Other Documents from the Bank

After that, the bank will be successfully open your account, and the banker will hand over Cheque Book, Passbook & Other Documents to you, and then you will be allowed to start the activity from your account.

Karur Vysya Bank FAQ’s