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    Karnataka Bank Fixed Deposit Rates  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.5% Monthly compounding
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    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.75% Monthly compounding
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    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
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    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
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    Karnataka Bank Fixed Deposit Rates is Rated as "Blown Away!" by 11 Users

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    Karnataka Bank FD(Fixed Deposit) Interest Rates

    Karnataka Bank was incorporated in the year 1924 at Mangalore, a coastal city in Karnataka. Karnataka Bank is a leading private sector bank headquartered in the city of Mangalore in Karnataka. The bank has been scheduled as A1+ commercial bank by the Reserve Bank of India. The bank has a strong national presence with branches spread across 21 states of the country. The bank has functions across the whole banking spectrum. These services include retail banking, private banking, investment banking as well as asset management. Deposit products by the bank include a host of financial products like fixed deposits, insurance linked deposits, recurring deposits etc. All these products are offered at great and competitive rates of interest.

    The updated list of Karnataka Bank FD Rates, for Regular and Senior Citizen, is listed below:

    Tenure Regular FD Rates Senior Citizen FD Rates
    Upto Amount Rs. 1 Crore Rs. 1 Crore
    7 days to 45 days 3.5 4
    46 days to 90 days 5 5.5
    91 days to 179 days 6.5 7
    180 days 7.00 7.50
    181 days to 364 days 6.7 7.2
    1 year to 2 years 6.75 7.25
    Above 2 Years to 10 years 6.5 7

    Karnataka Bank Short-Term Fixed Deposit Rates

    Short-term deposits by Karnataka Bank are an extremely good short-term investment option for people looking for returns and for customers who do not want to lock their money for a considerable time period. Short-term fixed deposits that have a deposit period of 7-45 days earn an interest rate of 3.50% per annum which is the lowest rate offered by the bank on deposits. For deposit periods between 46-90 days the rate of interest is upped considerably to 6.50% per annum. A deposit period of 91-120 days earns an attractive interest rate of 7.25%. For deposits ranging between 121-180 days, the rate offered is attractive as well as competitive as compared to other peer banking institutions and is 7.7% per annum.

    Karnataka Bank Mid-Term Fixed Deposit Rates

    The rate of interest increases by a considerable 0.85% and becomes 7.75% per annum for deposits that have a deposit tenure between 1 - 2 years.

    Karnataka Bank Long-Term Fixed Deposit Rates

    The rates offered are considerably attractive for fixed deposits that have a deposit period of 2-5 years. The interest rate offered on these is 7.5% per annum which is in line with the rate trend of almost all competing banks.

    Karnataka Bank FD(Fixed Deposit) Rates for Senior Citizens

    Karnataka Bank customers who are above 60 years of age get higher rates of interest on fixed deposit schemes. These deposits offer a great investment option to senior citizens who want to avail a comfortable return option along with substantial interest rates. These deposit rates are meant especially for senior citizens and are 0.5% more than the regular rates offered on each of the deposit schemes of Karnataka Bank.

    Useful Links

    News About Karnataka Bank Fixed Deposit

    • Fixed Deposit Rates of Karnataka Bank

      One of the leading private sector banks in the state, Karnataka Bank offers term deposits at competitive rates of interest. Following a directive issued by the Reserve Bank of India, to cut repo rates, this A1+ commercial bank has revised its rates of interest on fixed deposits.

      For term deposits of up to and inclusive of Rs 1 crore, with a tenure of 121 to 180 days, the interest rate currently offered is 7.65%. For deposits of above Rs 1 crore and up-to Rs 10 crore; and Rs 10 crore and up-to Rs 100 crore, the rate of interest computed is 7.65%. The revised rates have come into effect from March 30, 2016.

      1st April 2016

    • Karnataka Bank term deposits interest rates fall

      Karnataka Bank term deposits rates of interest have fallen for the short term deposits. The rates have been affected due to the imposing of repo rates by the RBI, as a result of this most banks are lowering the rates of interests. The interest rates for the short term deposits with the tenure of 91-120 days have seen a 0.25% drop from 7.5% has now come down to 7.25% interest rate per annum for deposits upto and inclusive of Rs.1 Crore, for deposits above Rs.1 Crore up to Rs. 10 Crore 7.00%.

      The highest rate of interest currently being offered on fixed deposits by the bank is 8.00% on periods of 1-2 years only.

      26th August 2015

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    • Karnataka Bank Fixed Deposit Reviews

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    • Karnataka Bank Fixed Deposit
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I have an account for fixed deposit only with Karnataka bank. I have deposited around fifty five lakhs. I bank with Karnataka for more than twenty years, even my family members are having an account with the same bank. Their services are really good.
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      , chennai
      Reviewed on May 22, 2017
    • Karnataka Bank Fixed Deposit
      "Good service "
      0.5 4.0/5 "Great!"
      They have provided a interest rate around 8.25% for the fixed deposit with Karnataka Bank.They apply a locking period of 5years in the fixed deposit applied.They have given a Tax saving service to the customer.There is no online application available where customer can get the information about fixed deposit.
      Was this review helpful? 7

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      , bangalore
      Reviewed on Mar 22, 2016
    • Karnataka Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is from Karnataka bank. The services are good from them. The response is good. They also offer a good rate of interest. There are no charges taken for any of the facilities. I been a long time customer of the bank and it has always been a good experience.
      Was this review helpful? 6

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      , chennai
      Reviewed on Mar 11, 2016
    • Karnataka Bank Fixed Deposit
      "Customer service is good..."
      0.5 5.0/5 "Blown Away!"
      Every yearly I use to open the fixed deposit. Actually last time the Karnataka bank has offered 8.75% to 9.5% of rate. Currently it is 8.75% of rate. Actually half percent will be extra for the senior citizens. You can take loan and OD limits on basis this FD.
      Was this review helpful? 5

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      , faridabad
      Reviewed on Feb 05, 2016
    • Karnataka Bank Fixed Deposit
      "High rate for fixed deposit.."
      0.5 5.0/5 "Blown Away!"
      Three years ago the fixed deposit rate was about 8.75% in the market whereas Karnataka bank gave 9.55% of fixed rate. In addition to that there is no charge for pre closure. I am satisfied with Karnataka bank for fixed deposit and also they are servicing good.
      Was this review helpful? 4

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      , goa
      Reviewed on Dec 16, 2015
    • Karnataka Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      Karnataka FD was fine there was no feedback for them. They have intimated everything was done on time they call me frequently and they provide proper updates. They are good in all the ways and means. This FD was opened during the year 2006. I went to the Branch personally and opened this account and they took around 15 minutes of time to open this FD and its a cumulative interest and this FD is active.,
      Was this review helpful? 3

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      , bangalore
      Reviewed on Sep 02, 2015
    • Karnataka Bank Fixed Deposit
      "Trust worthy bank in private sector."
      0.5 5.0/5 "Blown Away!"
      Advantage of having fixed deposit in Karnataka bank is that they provide interest paid at monthly interval without any deduction in the earned interest for the principal amount. This is the outstanding feature of KBL. Also they have very less service charge in the private sector banks that it can be negligible. Customer service is also better.
      Was this review helpful? 7

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      , bangalore
      Reviewed on Jun 02, 2015
    • Karnataka Bank Fixed Deposit
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      Transaction criteria is easy and smooth in Karnataka bank for FD. I believe they are giving interest around 9 to 12% on Fixed Deposit. I got it for term of 5 years. Often I visit branch so whenever I do visit, getting satisfactory service from employees. However I would say that branches are less over cities so I suggesting Karnataka bank to open extra branches.
      Was this review helpful? 7

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      , vellore
      Reviewed on Dec 08, 2014
    • Karnataka Bank Fixed Deposit
      "Good scheme!!"
      0.5 5.0/5 "Blown Away!"
      Interest rate on Fixed deposit is good where they offering up to 9.75% and charges are less. I opted for long term of 5 years and rate of interest accumulate per annum. Good service I am getting from Karnataka bank so I like banking with them. Benefit is that, I can get loan on FD.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Dec 06, 2014
    • Karnataka Bank Fixed Deposit
      "Fully Satisfied with Service"
      0.5 4.0/5 "Great!"
      Karnataka Bank fixed deposit, service is good, there response is best, i am using from past 1.5 years, i got confirmation slip, it was easy process to open my fixed deposit account, interest rate is good as per nationalized banks i got, facilities is good on my account. everything is fine time to time update.
      Was this review helpful? 3

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      , bangalore
      Reviewed on Jul 14, 2014
    • Karnataka Bank Fixed Deposit
      "Best interest rate"
      0.5 4.0/5 "Great!"
      I have started a fixed deposit with Karnataka bank in the year 2010. Overall services of the bank are good and the response is very instant. Anything related to fixed deposit like maturity are communicated to me clearly on time. It is very easy to start a fixed deposit. Very easy documentation and the rate of interest is little bit higher than other banks.
      Was this review helpful? 4

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      , bangalore
      Reviewed on Jun 16, 2014
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