Whoever said wishes don’t come true hasn’t explored our offers!
  • Karnataka Bank RD Interest Rates

    KARNATAKA BANK RECURRING DEPOSIT
     4.0 / 5.0   by 2 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Maturity Pattern Interest Rate (% p.a) for Deposits upto and inclusive of Rs.1 Crore Interest Rate (% p.a) for Deposits of above Rs.1 Crore and upto Rs. 10 Crore
    181 days to 364 days 7.2 6.7
    1 year to 2 years 7.25 6.75
    Above 2 Years to 10 years 7 --

    Senior Citizen Recurring Deposit Interest Rates

    Maturity Pattern Deposits upto & inclusive of Rs.1 Crore Deposits of above Rs.1 crore and upto Rs.3 Crore Deposits of above Rs.3 Crore and upto Rs.10 Crore
    181 days to 364 days 7.7 7.2 6.7
    1 year to 2 years 7.75 7.25 6.75
    Above 2 years to 10 years 7.5 -- --

    Get the Best Rates for a Karnataka Bank Recurring Deposit

    Karnataka Bank offers a regular recurring deposit scheme, which requires the account holder to contribute a fixed amount monthly. The deposit tenure can range between 6 months and 10 years. The interest rates offered by Karnataka Bank on recurring deposit accounts are very competitive and varies according to the amount deposited. A Karnataka Bank recurring deposit plan serves to be the ideal banking product to save money for future use. The maturity on a recurring deposit is always calculated depending on the interest rate given and is cumulated over the entire time period. Non-resident Indians and senior Indian citizens can also open a recurring deposit scheme with Karnataka Bank at attractive interest rates. Customers can also use the recurring deposit calculator provided by Karnataka Bank to understand how much they would get back after the deposit has matured, based on prevailing interest rates.

    Karnataka Bank - Short Term Recurring Deposit Interest Rates

    As short term deposits, Karnataka Bank offers recurring deposits with tenures ranging from 6 months to 12 months and a mid-range recurring deposit with tenures ranging from 1 year to 2 years.

    a) For Recurring Deposit Amounts of up to Rs.1 Crore -

    The interest rate offered for a Karnataka Bank recurring deposit account with tenures ranging from 6 months to 9 months is 7.25%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.75%.

    b) For Recurring Deposits Above Rs.1 Crore and up to Rs. 10 Crore -

    The interest rate offered for recurring deposit accounts with tenures ranging from 6 months to 9 months is 7.00%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.25%.

    c) For Recurring Deposits Above Rs.10 Crore and up to Rs. 100 Crore -

    The interest rate offered for Karnataka Bank recurring deposit accounts with tenures ranging from 6 months to 9 months is 7.00%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.00%.

    Karnataka Bank - Medium and Long Term Recurring Deposit Interest Rates

    As a longer tenure, Karnataka Bank offers recurring deposit tenures ranging from 2 years and up to 10 years at an interest rate of 7.50%, for deposit amounts of up to Rs.1 Crore.

    Karnataka Bank - Senior Citizen Recurring Deposit Interest Rates

    Senior citizens can easily open a recurring deposit account with Karnataka Bank and get preferential rates on their accounts. Karnataka Bank gives an additional interest rate of 0.50% on senior citizen recurring deposit accounts.

    a) For Recurring Deposit Amounts of up to Rs.1 Crore -

    The interest rate offered for a Karnataka Bank recurring deposit account with tenures ranging from 6 months to 9 months is 7.75%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 8.25%. The interest rate given for recurring deposit accounts with tenures above 2 years and up to 10 years is 8.00%.

    b) For Recurring Deposits Above Rs.1 Crore and up to Rs. 10 Crore -

    The interest rate offered for recurring deposit accounts with tenures ranging from 6 months to 9 months is 7.50%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.75%.

    c) For Recurring Deposits Above Rs.10 Crore and up to Rs. 100 Crore -

    The interest rate offered for Karnataka Bank recurring deposit accounts with tenures ranging from 6 months to 9 months is 7.50%. For a recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.50%.

    Karnataka Bank - NRE Recurring Deposit Interest Rates

    Non-resident Indians can also easily open a recurring deposit scheme with Karnataka Bank with different tenure options and varying deposit amounts. The interest rates offered vary according to the deposit amount.

    a) For Recurring Deposit Amounts of up to Rs.1 Crore -

    For a Karnataka Bank recurring deposit account with a tenure starting from 1 year to up to 2 years, the interest rate given is 7.75%. The interest rate given for recurring deposit accounts with tenures above 2 years and up to 10 years is 7.50%.

    b) For Recurring Deposits above Rs.1 Crore and up to Rs. 10 Crore -

    The interest rate offered for recurring deposit accounts with tenures ranging from 1 year to up to 2 years is 7.25%.

    c) For Recurring Deposits Above Rs.10 Crore and up to Rs. 100 Crore -

    The interest rate offered for Karnataka Bank recurring deposit accounts with tenures ranging from 1 year to up to 2 years is 7.00%.

    Interest Rates on NRE Deposits

    Maturity Term

    Interest Rate for Deposit Amounts of up to Rs.1 Crore

    Interest Rate for Deposit Amounts above Rs.1 Crore and up to Rs. 10 Crore

    Interest Rate for Deposit Amounts above Rs.10 Crore and up to Rs. 100 Crore

    1 year to 2 years

    7.75

    7.25

    7.00

    Above 2 years to 10 years

    7.50

    --

    --

    Karnataka Bank Minor Deposit Scheme

    Karnataka Bank also offers a deposit scheme for minors with tenures ranging from 10 years or above at an interest rate of 7.50%.

    Minor Deposit Scheme - Interest rates

    Up to 10 years

    7.50

    Above 10 years

    7.50

    More you need to know about Recurring Deposit

    Read More Articles On RD

    News About Karnataka Bank Recurring Deposit

    • Online Account Opening Facility Launched by Karnataka Bank

      Karnataka Bank has launched a service whereby its customers can open a current, savings, recurring deposit as well as fixed deposit account online. The bank, known to be a pioneer in banking technology, launched this service to enable customers to open accounts irrespective of where they are in a few quick and easy steps. Customers have to go to the bank’s official website, where they will be directed to a portal for account opening. They will have to provide the required information, upon which the application will be processed by the bank.

      Customers need not worry about security, with the bank providing a secure portal for this purpose. The bank has made this facility available from the 10th of February, making it more convenient for all to open a Karnataka Bank Savings Account.

      10th February 2016

    Recurring Deposit - Sitemap

    Got something to say? Go on, you can say it; we don't bite. In fact, the more said, the better. The only thing we ask is that you keep it squeaky clean and follow our posting guidelines. Do not disclose sensitive information like your bank account details or phone number (or home planet). Comments posted on the BankBazaar site are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.

  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.