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Karnataka Bank provides Fixed Deposit schemes at interest rates between 3.50% p.a. to 7.40% p.a. These schemes can be availed for any tenure within 7 days to 10 years.
One can look at the Karnataka Bank Fixed Deposit rates* for the deposit range between Rs.1 crore and Rs.5 crore:
Tenure | Regular FD interest rate (per annum) | Senior citizen FD interest rate (per annum) |
---|---|---|
7 days to 45 days |
3.50% |
4.00% |
46 days to 91 days |
5.00% |
5.50% |
91 days to 12 months |
6.50% |
7.00% |
12 months to 24 months |
7.40% |
7.90% |
Above 24 months to 60 months |
6.90% |
7.40% |
Above 60 months to 120 months |
6.50% |
7.00% |
*The Karnataka Bank Fixed Deposit rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
The following table has Karnataka Bank Term Deposit rates* for FD from Rs.5 crore and Rs.10 crore:
Tenure | Regular FD interest rate (per annum) | Senior citizen FD interest rate (per annum) |
---|---|---|
7 days to 46 days |
3.50% |
3.90% |
46 days to 91 days |
5.00% |
5.40% |
91 days to 12 months |
6.50% |
6.90% |
12 months to 24 months |
7.40% |
7.80% |
Above 24 months to 60 months |
6.90% |
7.30% |
Above 60 months to 120 months |
6.50% |
6.90% |
*The Karnataka Bank Fixed Deposit interest rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
The interest rates* for Karnataka Bank Tax Planner Deposit scheme are mentioned here:
Tenure | Depositors below 18 years(p.a) | Senior citizen FD interest rate (per annum) |
---|---|---|
60 months |
6.90% |
7.40% |
*The Karnataka Bank Tax Planner Deposit rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
Karnataka Bank Minor Deposit rates
The table given below shows the Karnataka Bank Minor Fixed Deposit interest rates*:
Tenure | Depositors below 18 years(p.a) | Senior citizen FD interest rate (per annum) |
---|---|---|
7 days to 46 days |
3.50% |
N/A |
46 days to 91 days |
5.00% |
N/A |
91 days to 12 months |
6.50% |
N/A |
12 months to 24 months |
7.40% |
N/A |
Above 24 months to 60 months |
6.90% |
N/A |
Above 60 months to 120 months |
6.50% |
N/A |
More than 120 months |
6.50% |
N/A |
*The Karnataka Bank Minor Deposit interest rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
This table contains the Karnataka Bank NRE Fixed Deposit rates* for deposits less than Rs.1 crore:
Tenure | Depositors below 18 years(p.a) | Senior citizen FD interest rate (per annum) |
---|---|---|
12 months-24 months |
7.40% |
N/A |
Above 24 months-60 months |
6.90% |
N/A |
Above 60 months-120 months |
6.50% |
N/A |
*The Karnataka Bank NRE Fixed Deposit interest rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
The Karnataka Bank NRO Fixed Deposit rates* are given in the following table:
Tenure | Depositors below 18 years(p.a) | Senior citizen FD interest rate (per annum) |
---|---|---|
7 days to 46 days |
3.50% |
N/A |
46 days to 91 days |
5.00% |
N/A |
91 days to 12 months |
6.50% |
N/A |
12 months to 24 months |
7.40% |
N/A |
Above 24 months to 60 months |
6.90% |
N/A |
Above 60 months to 120 months |
6.50% |
N/A |
*The Karnataka Bank NRO Fixed Deposit rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
The rates* for FCNR (B) deposits are mentioned with the associated foreign currency:
Tenure |
Karnataka Bank FCNR (B) FD rate p.a. (in %) |
||||||||
GBP |
CAD |
USD |
SEK |
AUD |
SGD |
CHF |
JPY |
HKD |
|
12 months |
2.08 |
3.70 |
4.03 |
0.95 |
3.11 |
3.14 |
0.56 |
1.19 |
3.72 |
12 months 1 day to 24 months |
2.08 |
3.70 |
4.03 |
0.95 |
3.11 |
3.14 |
0.56 |
1.19 |
3.72 |
24 months to 36 months |
2.27 |
3.85 |
4.20 |
1.17 |
3.19 |
3.29 |
0.64 |
1.22 |
3.95 |
36 months to 48 months |
2.47 |
4.01 |
4.33 |
1.48 |
3.36 |
3.48 |
0.89 |
1.34 |
4.16 |
48 months to 60 months |
2.55 |
4.04 |
4.36 |
1.67 |
3.62 |
3.55 |
1.04 |
1.36 |
4.22 |
60 months |
2.61 |
4.06 |
4.37 |
1.85 |
3.72 |
3.61 |
1.18 |
1.39 |
4.26 |
*The Karnataka Bank NRO Fixed Deposit rates are subject to vary as per the discretion of the bank. The interest rates mentioned in the table are effective as of 1 November 2018.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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.
1 April 2016
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.
26 August 2015
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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