Karnataka Bank Fixed Deposit Rates 2025

Domestic or NRO or NRE Non-callable Term Deposits 

Minor Deposit Scheme 

Karnataka Bank Domestic Callable Term Deposit Rates: For Senior Citizens

Karnataka Bank NRI FD Rates

Karnataka Bank Rupee Callable NRE FD Rates

  *The Karnataka Bank Term Deposit interest rates are subject to change at the discretion of the bank. The interest rates given in this table are applicable as of 14 June 2024.

Features and Benefits of Karnataka Bank Fixed Deposits

The main features of the FD account offered by Karnataka Bank are mentioned below:

1. The minimum deposit that must be made is Rs.100.
2. There is no limit to the maximum deposit that can be made.
3. The tenure of the scheme ranges between 7 days and 10 years.
4. You can avail a loan against the amount that is available in the account.
5. Premature withdrawal facility is provided. However, a penalty will be levied in the case of premature withdrawal.
6. Nominees can be added.

Eligibility Criteria

The eligibility criteria that must be met in order to open an FD account with IDBI Bank are mentioned below:

1. Individuals
2. Partnership firms
3. Proprietary concerns
4. Public and Private limited companies
5. Hindu Undivided Families (HUFs)
6. Specified Trusts/ Societies/ Associates
7. Government departments
8. Limited Liability Partnerships

Documents Required

The documents that must be submitted to open an FD account with IDBI Bank are mentioned below:

1. Permanent Account Number (PAN) Card
2. Passport-size photographs
3. Proof of age
4. Proof of address
5. Proof of identity
6. Application form

Types of Karnataka Bank Fixed Deposit Schemes

The different types of FD schemes that are offered by Karnataka Bank are mentioned below:

1. Fixed Deposit
2. Tax Planner - Fixed Deposit and Abhyudaya Cash Certificate
3. Soulabhya Deposit

1. Non-Resident (External Fixed Deposit Account 
2. Non-Resident (Ordinary) Fixed Deposit Account 
3. Resident Foreign Currency FD Account 

1. Foreign Currency Fixed Deposit Account 

Regular Fixed Deposit 

Deposit Amount: Minimum deposit amount: Rs.100, Maximum: Unlimited 

Tenure: Seven days to ten years 

Features 

The following are the features of the regular fixed deposit: 

1. The customers will get an option to select the interest payout tenure such as monthly, quarterly, half yearly, or annually. 
2. To get monthly interest, the FD account holders are required to maintain a minimum deposit of Rs.5,000 and minimum duration of one year.  
3. The senior citizens who are 60 years of age or above, the bank will provide a monthly interest without discount. 
4. The interest amount on the FD will be credited to the FD account holder’s account. 

1. The depositors can also avail loan and nomination facility. 
2. The bank will not pay the interest amount if the depositors close their FD account before the completion of the minimum tenure. 
3. Senior citizen FD account holders will get additional 0.40% over the normal FD rate for deposits of up to Rs.5 crore under Domestic FD and Abhyudaya Cash Certificate (ACC) Schemes for tenure ranging from one year to five years. 
4. The depositors can transfer their FD account from one branch to the another by submitting a request letter along with duly signed original FD receipt. 

Abhyudaya Cash Certificate (With Reinvestment of Interest Component) 

Deposit Amount: Minimum: Rs.100, Maximum: No Limit 

Tenure: Six months to ten years 

Features 

The following are the features of Abhyudaya Cash Certificate (With Reinvestment of Interest Component): 

1. This scheme is designed for the ones who need a lump sum amount at the end of the specified tenure and do not need any periodical interest. 

1. The quarterly interest amount will be credited back to the deposit. This way the account holders will get the compound interest at quarterly basis. 
2. The bank provides loan and nomination facility on this FD scheme. 

Tax Planner – Fixed Deposit and Abhyudaya Cash Certificate 

Deposit Amount: Minimum: Rs.100, Maximum: Rs.1.5 lakhs per financial year 

Tenure: Five years 

Features 

The features of Tax Planner – Fixed Deposit and Abhyudaya Cash Certificate scheme are given below: 

1. Interest Payment 

1. KBL Tax Planner – ACC: The interest on this scheme will be paid during the maturity and the interest will be calculated on a quarterly basis. 
2. KBL Tax Planner – FD: The account holders can choose between monthly or quarterly pay out. 

1. The account holders are not allowed to avail loans facility under this scheme. 
2. The bank provides nomination facility. 

Soulabhya Deposit 

Let us have a look at the features of Soulabhya Deposit scheme: 

1. Soulabhya Deposit is also known as Twin Gain. Here, the depositors are allowed to withdraw money in case of any emergency and continue getting the interest on the rest of the amount. 

1. It provides nomination and loan facility. 
2. The scheme comes with two options. 

Option 1: 

1. Deposits will be accepted initially for a period of 46/30 days or for a longer period as may be determined from time to time. Thereafter, they will automatically renew with accumulated interest for additional 38/59 blocks of 46/30 days each until the depositor gives a different instruction. 
2. The account holders can withdraw their deposit money in units of Rs.1,000 at any time as per their requirement. However, the bank will not pay the interest on the amount withdraw before completion of 30 days. 

1. The bank will send an automated consent letter upon renewal. 

Option 2: 

1. Tenure: Three months to five years 
2. The interest will be provided on a quarterly basis. 
3. The depositors can withdraw money in units of Rs.1,000 each as when needed before the agreed period. 

Non-Resident (Ordinary) Fixed Deposit Account 

The features of Non-Resident (Ordinary) FD account are as follows: 

1. NRIs, Persons of Indian Origin (PIO), and Overseas Citizen of India (OCI) are eligible for this scheme. 
2. The minimum and maximum tenure for this scheme is one year and ten years, respectively. 
3. The account can also be jointly handled with Resident Indians. 

1. Interest earned on this scheme is taxable. 
2. It offers nomination facility.
   

Non-Resident (External) Fixed Deposit Account 

The following are the features of Non-Resident (External) FD account: 

1. NRIs, OCI, and PIOs are eligible to apply for this scheme. 

1. Tenure ranges between one year and ten years. 
2. The depositors can manage the account jointly with other NRIs. 
3. It provides nomination facility. 
4. The interest received on the NRE account are not taxable. 

Resident Foreign Currency (RFC)Fixed Deposit Account 

Let us have a look at the features of Resident Foreign Currency (RFC) FD account: 

1. The FD account holders of this scheme can hold currencies in US Dollars (USD), Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Swiss Franc (CHF), Australian Dollar (AUD), Japanese Yen (JPY), Swedish Krona (SEK), Singapore Dollar (SGD), and Hong Kong Dollar (HKD). 
2. Its tenure ranges from one month to five years. 
3. Nomination facility can be availed. 

Foreign Currency Fixed Deposit Account (FCNR) 

Given below are the key features of Foreign Currency Fixed Deposit Account (FCNR): 

1. The tenure ranges from one year to five years. 
2. The account holders can hold currencies in EUR/ USD/ AUD/ CAD/ HKD/ SGD/ GBP, CHF. 
3. Interest earned on deposits are exempted from tax. 
4. Nomination facility can be availed. 

Karnataka Bank FD Premature Withdrawal 

Now let us have a look at the key features of Karnataka Bank FD Premature Withdrawal: 

1. If the FD is below Rs.2 crores, the account holder will not charge any penalty amount on the pre-closure of deposits. 
2. If the FD is Rs.2 crores or above, the bank will pay the interest after deducting the penal rate of 1%. 
3. If the deposit is closed prematurely for reinvestment, the bank will pay the interest applicable at that particular tenure. However, the depositors are not liable to pay the penalty for the deposit amount reinvested as long as the reinvestment has been done within the same bank. 

1. The depositors are not allowed to do preclosure on Tax Planner deposits. 

Karnataka Bank FD Interest Calculator 

Karnataka Bank FD Interest Calculator is an online tool which will allow the investors in calculating the maturity amount of their current FD investment based on the Karnataka Bank FD interest rate. The tool will consider deposit tenure, FD amount, FD interest rates, and compounding frequency to find out the maturity value.