• Karnataka Bank Fixed Deposit Rates

    Karnataka Bank provides Fixed Deposit schemes at interest rates ranging between 3.40% p.a. to 5.60% p.a. These schemes can be availed for any tenure within 7 days to 10 years.

    Karnataka Bank Domestic Term Deposit Rates

    Tenure Interest rate for less than Rs.2 crore Interest rate for Rs.2 crore to Rs.10 crore
    7 days - 45 days 3.40% 3.40%
    46 days - 90 days 4.90% 4.90%
    91 days – 364 days 5.10% 5.10%
    1 year - 2 years 5.20% 5.20%
    Above 2 years - 5 years 5.50% 5.50%
    Above 5 years - 10 years 5.60% 5.60%

    *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 10 July 2021.

    Karnataka Bank NRI FD Rates

    Karnataka Bank NRE FD Rates
    Tenure Interest rate for less than Rs.2 crore Interest rate for Rs.2 crore to Rs.10 crore
    1 year – 2 years 5.20% 5.20%
    Above 2 years – 5 years 5.50% 5.50%
    Above 5 years – 10 years 5.60% 5.60%

    *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 10 July 2021.

    Karnataka Bank FCNR FD Rates

    The rates* for FCNR (B) deposits are mentioned with the associated foreign currency:

    Period USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
    1 Year Only 0.60 0.57 0.01 0.88 0.43 0.26 0.01 0.31 0.55 0.61
    Above 1 year and less than 2 Years 0.60 0.57 0.01 0.88 0.43 0.26 0.01 0.31 0.55 0.61
    2 Years and above and less than 3 Years 0.74 0.77 0.01 1.14 0.59 0.29 0.01 0.39 0.64 0.81
    3 Years and above and less than 4 years 1.17 1.01 0.12 1.49 0.90 0.41 0.01 0.60 0.94 1.17
    4 Years and above and less than 5 years 1.39 1.12 0.19 1.71 1.13 0.39 0.01 0.69 1.14 1.37
    5 Years only 1.55 1.20 0.26 1.86 1.34 0.40 0.04 0.80 1.30 1.48

    *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 10 July 2021.

    Features and Benefits of Karnataka Bank Fixed Deposits

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

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

    • Individuals
    • Partnership firms
    • Proprietary concerns
    • Public and Private limited companies
    • Hindu Undivided Families (HUFs)
    • Specified Trusts/ Societies/ Associates
    • Government departments
    • Limited Liability Partnerships

    Documents Required

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

    • Permanent Account Number (PAN) Card
    • Passport-size photographs
    • Proof of age
    • Proof of address
    • Proof of identity
    • Application form

    Types of Karnataka Bank Fixed Deposit Schemes

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

    • Fixed Deposit
    • Tax Planner – Fixed Deposit and Abhyudaya Cash Certificate
    • Soulabhya Deposit

    FAQs on Karnataka Bank Fixed Deposit Rates

    1. Can I avail a loan against the amount that is available in FD account?

      Yes, Karnataka Bank provides the facility to avail a loan against the amount that is available in the the FD account.

    2. Does Karnataka Bank provide the facility to add nominees to the FD account?

      Yes, Karnataka Bank offers the facility to add nominees to the FD account.

    3. What is the minimum and maximum tenure of the FD account?

      The minimum and maximum tenure of the FD account are 7 days and 10 years, respectively.

    4. Is there any limit to the maximum deposit that can be made?

      No, there is no limit to the maximum deposit that can be made.

    5. Does Karnataka Bank offer an additional interest rate for senior citizens?

      Yes, Karnataka Bank offers an additional interest rate for senior citizens.

    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.

    Karnataka Bank Fixed Deposit Reviews

    • Karnataka Bank
      "Good "
      0.5 5.0/5 "Blown Away!"
      Karnataka Bank fixed deposit interest rate is good than other banks, they are providing 7.35% of interest for senior citizen. I have went to the branch they provided hassle customer satisfaction. I took FD before two months with this bank for the tenure of one year.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 22, 2017
    • Karnataka Bank
      Karnataka Bank
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had a Fixed Deposit account with Karnataka Bank. It was taken last year and closed this October 2017. FD is not matured, If I continue paying it my IT returns will go high so decided to closed this account. I have deposited 4L rupees. The customer service and response was up to the mark.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 19, 2017
    • Karnataka Bank
      "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.
      Was this review helpful? 3
      , chennai
      Reviewed on May 22, 2017
    • Karnataka Bank
      "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
      , bangalore
      Reviewed on Mar 22, 2016
    • Karnataka Bank
      "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? 8
      , chennai
      Reviewed on Mar 11, 2016
    • Karnataka Bank
      "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? 11
      , faridabad
      Reviewed on Feb 05, 2016
    • Karnataka Bank
      "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? 6
      , goa
      Reviewed on Dec 16, 2015
    • Karnataka Bank
      "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
      , bangalore
      Reviewed on Sep 02, 2015
    • Karnataka Bank
      "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
      , bangalore
      Reviewed on Jun 02, 2015
    • Karnataka Bank
      "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? 8
      , vellore
      Reviewed on Dec 08, 2014
    • Karnataka Bank
      "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? 3
      , bangalore
      Reviewed on Dec 06, 2014
    • Karnataka Bank
      "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? 4
      , bangalore
      Reviewed on Jul 14, 2014
    • Karnataka Bank
      "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? 7
      , bangalore
      Reviewed on Jun 16, 2014
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.