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    Karnataka Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.75% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.25% Monthly compounding
    Response Time Within 30 minutes

    Karnataka Bank Fixed Deposit Rates is Rated as "Blown Away!" by 10 Users

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    How to find the best rates for Karnataka Bank

    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.

    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 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.

    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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