Karnataka Bank provides Fixed Deposit schemes at interest rates between 3.50% p.a. to 6.80% p.a. These schemes can be availed for any tenure within 7 days to 10 years.
| 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 90 days | 5.00% | 5.50% |
| 91 days to 364 days | 6.25% | 6.75% |
| 1 year to 2 Years | 6.80% | 7.30% |
| Above 2 Year to 5 years | 6.70% | 7.20% |
| Above 5 year to 10 years | 6.50% | 7.00% |
*The Karnataka Bank FD rates are subject to change at the discretion of the bank. The interest rates given in this table are applicable as of 20 December 2019.
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 5.00% | 5.50% |
| 91 days to 364 days | 6.25% | 6.75% |
| 1 year to 2 Years | 6.80% | 7.30% |
| Above 2 Year to 5 years | 6.70% | 7.20% |
| Above 5 year to 10 years | 6.50% | 7.00% |
*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 20 December 2019.
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
5 years |
7.00% |
7.50% |
*The KBL Tax Planner 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 20 December 2019.
| Tenure | Below Rs.2 Cr (p.a) | Rs.2 Cr and upto Rs. 10 Cr (p.a) |
|---|---|---|
| 1 to 2 Years | 6.80% | 6.80% |
| Above 2 Year to 5 Years | 6.70% | 6.70% |
| Above 5 Year to 10 Years | 6.50% | 6.50% |
*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 20 December 2019.
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 | |
| 1 year | 1.39% | 2.75% | 2.84% | 0.84% | 1.37% | 2.06% | 0.01% | 0.64% | 2.81% |
| Above 1 year to 2 years | 1.39% | 2.75% | 2.84% | 0.84% | 1.37% | 2.06% | 0.01% | 0.64% | 2.81% |
| 2 years to 3 years | 1.43% | 2.54% | 2.73% | 0.88% | 1.36% | 2.05% | 0.01% | 0.62% | 2.64% |
| 3 years to 4 years | 1.53% | 2.62% | 2.77% | 1.00% | 1.58% | 2.16% | 0.10% | 0.71% | 2.70% |
| 4 years to 5 years | 1.55% | 2.61% | 2.76% | 1.03% | 1.61% | 2.19% | 0.14% | 0.70% | 2.66% |
| 5 years | 1.56% | 2.61% | 2.78% | 1.08% | 1.66% | 2.23% | 0.18% | 0.71% | 2.63% |
*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 20 December 2019.
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
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