Karnataka Bank FD Interest Rates
In this progressive world, Karnataka bank offers qualitative products like fixed deposits and offers good interest rates for its customers, and stands as a leader in its trade.
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Fixed Deposit Interest Rates
- Karnataka Bank FD Interest Rates
Features of Karnataka Bank Fixed Deposit
Investment Amount Minimum - Rs.100 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
Interest Rate Minimum - 3.50 %Maximum- 5.65%
Karnataka Bank Fixed Deposit Rates 2022
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 7 days to 45 days | 3.40% | 3.80% |
| 46 days to 90 days | 4.90% | 5.30% |
| 91 days to 364 days | 5.00% | 5.40% |
| 1 year to 2 years | 5.10% | 5.50% |
| 2 years to 5 years | 5.40% | 5.80% |
| 5 years 1 day to 10 years | 5.50% | 6.00% |
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Compare FD Interest Rates of Top Financial Institutions
| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
| Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
| Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
| Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
| Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
| Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
| DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
| HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
| IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
| Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
| Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
| IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
| Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
| SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
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About Karnataka bank
The Karnataka bank has its headquarters in Mangalore, Karnataka. It is a scheduled commercial bank that has a great reach in both the rural and urban populations. Apart from offering retail services such as personal banking, mortgages, credit cards, the Karnataka bank also offers excellent investment options. The most notable investment option is the fixed deposit scheme, which is the most preferred deposit choice. Fixed deposits have long been in existence in India. It is a trusted and durable form of investment that delivers a good return.
About Karnataka Bank Fixed Deposit Interest Rate Calculator
Karnataka Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
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The amount that is invested
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The Rate of Interest offered
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The tenure of the Fixed Deposit Account
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The compounding period, that is, yearly, half-yearly, quarterly, or monthly
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The FD Amount
Once entered the following details, an investor will come to know:
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The maturity value of the FD
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The total interest earned during the complete tenure
Fixed Deposits in the Current Time
This bank bases the rate of its fixed deposit scheme on three factors namely the amount of principal invested, the tenure of the investment, and the nature of the investor.
While senior citizens get a comparatively higher rate of interest, other citizens too can reap the benefits of this scheme. Starting from a maturity period of just 7 days, the FD scheme's tenure can be extended to 10 years.
The fixed deposit can be made in one of three ways- The payout of the interest can be collected quarterly or the payout can be collected monthly or the payout can be collected at maturity. Loans can also be availed against the Fixed Deposit.
Karnataka Bank FD Rates in India
It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of the data provided below.
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For Domestic Deposits – Up to Rs.2 Cr (As of March 01, 2022)
MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (p.a.) General Senior Citizen 7 days to 45 days Up to Rs. 1 cr 3.4% 3.8% 46 days to 90 days Up to Rs. 1 cr 4.9% 5.3% 91 days to 364 days Up to Rs. 1 cr 5.00% 5.40% 1 year to 2 years Up to Rs. 1 cr 5.10% 5.50 % Above 2 years to 5 years Up to Rs. 1 cr 5.40% 5.80% Above 5 years to 10 years Up to Rs. 1 cr 5.50% 6.00% -
For Domestic Deposits - Above Rs.2 Cr and up to Rs.10 Cr (w.e.f. 01st March 2020)
MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (p.a.) General Senior Citizen 7 days to 45 days Rs. 2 cr to up to 10 cr 3.4% 3.8% 46 days to 90 days Rs. 2 cr to up to 10 cr 4.9% 5.3% 91 days to 364 days Rs. 2 cr to up to 10 cr 5.00% 5.40% 1 year to 2 years Rs. 2 cr to up to 10 cr 5.10% 5.50 % Above 2 years to 5 years Rs. 2 cr to up to 10 cr 5.40% 5.80% Above 5 years to 10 years Rs. 2 cr to up to 10 cr 5.50% 6.00% -
For Domestic Deposits - Above Rs.10 Cr and up to Rs.25 Cr (w.e.f. 01st March 2020)
MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (p.a.) 7 days to 45 days Rs. 10 cr to up to Rs. 25 cr 2.90% 46 days to 90 days Rs. 10 cr to up to Rs. 25 cr 4.40% 91 days to 364 days Rs. 10 cr to up to Rs. 25 cr 4.50% 1 year to 2 years Rs. 10 cr to up to Rs. 25 cr 4.60%
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Tax Implications
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The amount invested in Fixed Deposit with a tenure of 5 years with Karnataka Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
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The applicable tax will be deducted at the source, i.e. Karnataka Bank, in case the annual interest earned crosses Rs.10,000.
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For NRE Fixed Deposit – Below Rs. 2 Cr (As of November 01, 2021)
MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (p.a.) 1 year to 2 years Below Rs. 2 cr 5.10% Above 2 years to 5 years Below Rs. 2 cr 5.40% Above 5 years to 10 years Below Rs. 2 cr 5.50% -
For NRE Fixed Deposit – Above Rs. 2 cr to Rs. 10 cr (As of November 01, 2021)
MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (p.a.) 1 year to 2 years Above Rs. 2 cr to Rs. 10 cr 5.10% Above 2 years to 5 years Above Rs. 2 cr to Rs. 10 cr 5.40% Above 5 years to 10 years Above Rs. 2 cr to Rs. 10 cr 5.50%
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
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