Karnataka Vikas Grameena Bank FD Rates

Karnataka Vikas Grameena Bank is a regional rural bank (RRB) founded in 2005. The bank offers a host of financial products such as loans, deposits, savings accounts, and more.

The fixed deposit (FD) schemes offered by Karnataka Vikas Grameena Bank are designed to cater to the needs of various customers.

Read on to know more about the features and interest rates of the bank’s fixed deposit schemes.

Updated On - 05 Sep 2025

Vikas Siri Sampath - 1111 

The features and benefits of Vikas Siri Sampath – 1111 are listed below: 

  1. Individuals, HUFs, partnerships, institutions, proprietorships, etc., are eligible to open this fixed deposit
  2. It will be available for a period of 1,111 days from 1 April 2022 to 31 March 2023. 
  3. Senior citizens will be entitled to an additional interest rate benefit of 0.50% p.a. 
  4. The minimum deposit amount is Rs.10,000 while the maximum deposit amount is Rs.2 crore.  

Vikas Tax Ulitaya Tax Saving Fixed Deposit 

Here are the features and benefits of opening a Vikas Tax Ulitaya Tax Saving Fixed Deposit: 

  1. This fixed deposit enables you to avail tax benefits under Section 80(C), up to a maximum of Rs.1.5 lakh. 
  2. Individuals and HUFs can book this fixed deposit. 
  3. It can be opened for a minimum period of five years. 
  1. Premature withdrawal of the fixed deposit is not allowed. 
  2. The minimum deposit amount is Rs.100 and the maximum deposit amount is Rs.1.5 lakh. 
  3. These deposits cannot be pledged as collateral for a loan or used as security for any other asset. 

Karnataka Vikas Grameena Bank FD Interest Rates  

The interest rates on resident and NRO fixed deposits offered by Karnataka Vikas Grameena Bank are mentioned in the table below: 

Tenure 

Rate of Interest for General Citizens(% p.a.) 

Rate of Interest for Senior Citizens(% p.a.) 

07 days to 14 days 

3.25% 

3.75% 

15 days to 30 days 

3.25% 

3.75% 

31 days to 45 days 

3.25% 

3.75% 

46 days to 60 days 

4.25% 

4.75% 

61 days to 90 days 

4.25% 

4.75% 

91 days to 120 days 

4.75% 

5.25% 

121 days to 179 days 

4.75% 

5.25% 

180 days to 269 days 

5.25% 

5.75% 

270 days to less than 1 year 

5.75% 

6.25% 

1 Year 

6.85% 

7.35% 

333 Days- KGB Sanchay 

7.30% 

7.80% 

KGB-444 days 

7.35% 

7.85% 

Above 1 year up to & inclusive 2 years 

7.00% 

7.50% 

Above 2 years up to & inclusive 3 years 

6.85% 

7.35% 

Above 3 years up to & inclusive 5 years 

6.50% 

7.00% 

Above 5 years up to & inclusive 8 years 

6.50% 

7.00% 

Above 8 years up to & inclusive 10 years 

6.50% 

7.00% 

Tax Saver (5 years period) 

6.50% 

7.00% 

KGB-Aishwarya (1 to 2 years) 

7.15% 

7.65% 

Note: The interest rates mentioned in the table above are effective from 16 December 2023.

FAQs on Karnataka Vikas Grameena Bank FD Rates

  • What are the tax benefits available under the Vikas Tax Ulitaya Tax Saving Fixed Deposit?

    You can receive tax benefits under Section 80(C) on up to Rs.1.5 lakh under the Vikas Tax Ulitaya Tax Saving Fixed Deposit.

  • Who can open a Vikas Siri Sampath – 1111 FD account with Karnataka Vikas Grameena Bank?

      Individuals, HUFs, corporates, partnerships, trusts, etc., are eligible to open a Vikas Siri Sampath – 1111 FD account.  

  • Will senior citizens get an additional interest rate on the Vikas Siri Sampath – 1111 fixed deposit?

      Yes, senior citizens will get an additional interest rate of 0.50% on the Vikas Siri Sampath – 1111 fixed deposit 

  • What is the minimum deposit to open a Vikas Tax Ulitaya Tax Saving Fixed Deposit?

      The minimum deposit to open a Vikas Tax Ulitaya Tax Saving Fixed Deposit is Rs.100.  

  • Can I withdraw the Vikas Tax Ulitaya Tax Saving Fixed Deposit before maturity?

      No, you cannot withdraw the Vikas Tax Ulitaya Tax Saving Fixed Deposit before maturity.  

  • Can I use the Vikas Tax Ulitaya Tax Saving Fixed Deposit as collateral to obtain a loan?

      No, the Vikas Tax Ulitaya Tax Saving Fixed Deposit cannot be used as collateral to obtain a loan.  

  • What are the interest rates for Karnataka Vikas Grameena Bank fixed deposits?

    Currently, Karnataka Vikas Grameena Bank offers interest rates ranging from 3.25% to 7.35% on fixed deposits.  

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