Karnataka Bank Fixed Deposit Rates

Karnataka Bank is one among the leading commercial banks in the country that falls under the class ‘A’ category of scheduled banks. The bank was founded in 1924 and is based out of Mangalore in Karnataka. Karnataka Bank fixed deposit (FD) rates are as per industry standards. This is a good investment option for all age groups. The bank has a lot of options to choose from such as regular deposits and tax saving term deposits. Before applying for an FD, it is wise to take a look at the interest rates offered.

The following are the revised interest rates offered by Karnataka Bank for regular and senior citizens with effect from 31 May, 2018:

*The above rates are paid on deposits are less than Rs.1 crore.

Karnataka Bank Short-Term FD Rates

• An interest rate of up to 6.50% p.a. is paid on Karnataka Bank short-term fixed deposits. This is the highest rate paid for this investment duration range.
• Those applying for this type of deposit scheme can choose a tenure that is from a minimum of 7 day to a maximum of 364 days.
• The various tenure slabs include 7 days to 45 days, 46 days to 90 days, 91 days to 179 days, and 181 days to 364 days.
• For 46 days and 90 days, the applicable bank rate on FDs is 5.00% p.a., and for 7 days to 45 days the rate paid is 3.50% p.a.

Karnataka Bank Medium and Long-Term FD Rates

• The interest rate paid for deposits that are held from 1 year to 10 years ranges from 6.50% p.a. to 7.25% p.a.
• The highest FD interest rate paid by Karnataka Bank is 7.25% p.a. for a tenure range of 1 year to 2 years.
• For any FD tenure that is more than 2 years, customers will gain interest at the rate of 6.50% p.a.

Karnataka Bank Senior Citizen FD Rates

• The bank will pay a depositor that is aged 60 years and above an extra 0.50% interest for al tenure ranges.
• The interest rate available for a senior citizens ranges from 4.00% p.a. to 7.75% p.a.
• The highest interest rate paid to a senior citizen is 7.75% p.a. for holding a fixed deposit from 1 year to 2 years.
• An FD rate of 7.00% p.a will be paid for keeping a deposit from 91 days to 364 days and from more than 2 years to 10 years.

Karnataka Bank FD Rates: Above Rs.1 Crore to Rs.10 Crore

Karnataka Bank Special Deposit FD Rates: No Premature Closure

Karnataka Bank Minor Deposit Scheme FD Rates: with effect from 30 January, 2018