KVB Full Form: Know What is the Meaning of KVB

The full form of KVB in Karur Vysya Bank. 

It is a scheduled commercial bank, private in nature, operating in the Karur district of the Indian state of  Tamil Nadu. 

As a matter of fact, the Karur Vysya Bank is not a government bank and does not come under the same guidelines as that government bank. It is a private bank that manages four types of different banking operations that include bank operations for wholesalers, retailers, etc. 

Notably, the Karur Vysya Bank was set up by two visionary businessmen from Karur, Tamil Nadu. They are Shri M.A. Venkatarama Chettiar and Shri Athi Krishna Chettiar. 

About the KVB Bank 

KVB is an acronym for the Karur Vysya Bank in the Karur district of Tamil Nadu. It is a non-governmental scheduled commercial bank operating with its headquarters in Karur. 

The Karur Vysya Bank was developed as a private bank in 1916 by M.A. V. Chettiar and Athi K. Chettiar, two prominent and notable visionary men of Karur. Significantly, the aim behind setting up this private bank was to provide necessary financial support to the agriculturists, and farmers living in and around Karur. 

Notably, Karur is a textile town in Tamil Nadu where the presence of farmers is instrumental in raw material production required in the textile industries of the city. 

Since then, Karur Vysya Bank (KVB) has now developed into a private bank operating four different operations. These include wholesale business transactions, retailer business transactions, as well as other bank operations. Moreover, KVB allows five free transactions to its customers per month. Consequently, charges are applied for further transactions.  

Furthermore, there are more than 750 branches of the Karur Vysya Bank (KVB) operating in about 20 states and 3 UTs (Union Territories) of the country at present. 

A Board of Directors manages the Karur Vysya Bank. Notably, major members of the Board of Directors of KVB include the family members of its founders- Shri M.A. V. Chettiar and Shri Athi K. Chettiar. 

Moreover, KVB has operated based on its strict fundamentals, ensuring profits, and awarding its stakeholders with handsome dividends since the beginning. 

Further, the Karur Vysya Bank maintains superior bank facilities for its stakeholders by blending technology and tradition together. Its mission is to ensure the delivery of an entire gamut of financial products in one place that is easily available to its customers in both digital and physical ways. 

Facts and Details Regarding KVB 

1. Minimum Bank Balance

To open a regular bank account in the Karur Vysya Bank, the required minimum limit balance is INR 3000. 

2. Investor Services

The Karur Vysya Bank also provides Investor Services through which people can invest in the bank and buy stakes.

The KVB bank makes available its policy guidelines regarding investment, placement documents, issues, business, and other details on its Investor Placement Document. One can easily download it from the official website of the Karur Vysya Bank. 

3. Internet Banking

The Karur Vysya Bank allows easy transactions through Internet banking, ensuring e-commerce and e-banking facilities. Moreover, a direct debit facility for payment of TNEB (Tamil Nadu Electricity Bills) via Net Banking is available. 

Further, transactions to and from KVB can be made using mobile banking applications (both Android and iOS), cards, and BHIM Aadhar Pay. 

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