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Flexi Fixed Deposit Karnataka Bank
Flexi Fixed Deposit Karnataka Bank lets you earn attractive interest rates of up to 7.15% p.a. under Soulabhya Flexible Deposit Scheme. It allows higher returns than regular FDs on your deposits.
Returns as high
as 6.9%*
Includes life cover
Completely Tax free+
as 6.9%*
Includes life cover
Completely Tax free+
Maximum returns Offered by
Guaranteed
Highest
6.9%*
Guaranteed Plan
(by insurance companies)
(10 Years)
6.5%**
Fixed Deposits
(by SBI bank)
(5-10 Years)
6.9%***
Public Provident Fund
(other popular options)
(15 Years)
Get Guaranteed returns up to 6.9%*
Fully Tax-Free* (unlike FD), Life Cover Included
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Home
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FD Interest Rates
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Karnataka Bank FD Rates
- Flexi Fixed Deposit Karnataka Bank
Explore Guaranteed Return Plans
Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.
What is a Karnataka Bank Flexi Fixed Deposit?
Karnataka Bank Flexi Fixed Deposit is a secured savings investment that links your savings account with a fixed deposit. This facility allows surplus funds to be automatically moved from your savings account into a fixed deposit when your balance exceeds a set threshold of ₹5,000. If you need funds, only the required amount is withdrawn from the deposit, while the remaining balance continues to earn interest Flexi Fixed Deposit Interest Rates.
Information About
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Karnataka Bank Flexi Deposit Interest Rates
The Flexi Deposit interest rates are similar to the Karnataka Bank FD rates for the selected tenure and deposit amount. These are:
For Less than ₹3 Crores:
| Tenure | General Public (% p.a.) | Senior Citizens (% p.a.) |
| 7 days to 45 days | 3.50 | 3.75 |
| 46 days to 90 days | 4.00 | 4.25 |
| 91 days to 179 days | 4.75 | 5.00 |
| 180 days to below 1 year | 5.75 | 6.00 |
| 1 year to 554 days | 6.60 | 7.00 |
| 555 days only | 6.75 | 7.15 |
| 556 days to 2 years | 6.50 | 6.90 |
| Above 2 years to 3 years | 6.25 | 6.65 |
| Above 3 years to 5 years | 6.25 | 6.65 |
| Above 5 years to 10 years | 5.50 | 5.90 |
*Karnataka Bank FD interest rates w.e.f. June 16, 2025
Key Features of Karnataka Bank Flexi Deposit
The Flexi Deposit Karnataka Bank comes with several useful features that make it suitable for both salaried and self-employed individuals. Some of these include:
- Flexible Interest Options: Choose between 30 to 46 days of interest with short-term renewal or quarterly compounding under a long-term plan.
- High Liquidity: Withdrawals can be made in multiples of ₹1,000 without closing the entire FD. The remaining balance continues earning interest.
- Competitive FD Interest: Surplus funds earn interest at rates equivalent to standard fixed deposits, ensuring better returns without compromising liquidity.
- Flexible Tenures: Choose between modular short-term blocks or a fixed term of 30–46 days based on your preference.
How to Open a Karnataka Bank Flexi Fixed Deposit?
You can open a Flexi Deposit with Karnataka Bank through both online and offline modes. If you're an existing customer, you can directly proceed with the Flexi Deposit booking. New customers will first need to open a savings account with the bank and then link their Flexi Deposit to it.
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Online FD Opening
If you are an existing Karnataka Bank customer with internet or mobile banking, you can book an FD online.
- Access Digital Banking: Log in to your account and navigate to the "Digital Banking" section.
- Go to ‘Fixed Deposit’: Choose “Internet Banking,” followed by “Online Fixed Deposit (FD/ACC/RD)".
- Select FD Amount: Select "Apply Now" to start, and complete your personal and deposit information. You can start with just ₹100.
- Select FD Type: You can choose a deposit type like the Soulabhya Flexi Deposit Scheme.
- Maturity Instructions: The scheme offers two options for tenure and interest payouts.
- Review & Confirm: Input the one-time password (OTP) sent to your registered mobile number and select "Confirm".
- FD Receipt: A bank representative will contact you to finalize the procedure.
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Offline FD Opening
If you prefer the offline method, you can visit your nearest Karnataka Bank branch to book an FD.
- Visit Karnataka Bank Branch: Visit the nearest Karnataka Bank branch.
- Karnataka Bank FD Form: Collect and fill out the FD application form with your details.
- Submit Documents: Attach the required documents, such as your PAN card, Aadhaar card, and a passport-size photograph.
- Fund Transfer/Deposit: Submit the form and deposit the amount (minimum ₹100).
- Tenure & Interest Options: You can choose from tenures ranging from 7 days up to 10 years.
- Get the FD Receipt: Collect your FD receipt from the branch.
Difference Between Flexi Fixed Deposits and Regular Fixed Deposits
Understanding the difference between these two options can help you make better financial decisions:
| Karnataka Bank Flexi Fixed Deposit | Karnataka Bank Regular Fixed Deposit |
| Funds can be accessed anytime through reverse withdrawal | Funds stay locked until maturity |
| Linked to a savings account for automatic transfer | Requires a separate FD setup |
| Earns the same interest as regular FDs | Offers standard FD interest rates |
| Partial withdrawals are allowed without closing the full FD | Karnataka Bank FD premature withdrawal is required to access any amount; it comes up with a penalty of up to 1% |
| Fully automated with auto-transfer features | Manual deposit and withdrawal process |
| Suitable for those seeking both flexibility and returns | Suitable for long-term savings without early access |
Key Takeaways
Karnataka Bank Flexi Fixed Deposit combines stable returns with liquidity. These are a smart way to grow your money, offering higher returns compared to regular fixed deposits. Under the Soulabhya Scheme, any surplus amount above ₹5,000 in the savings account is automatically swept into a fixed deposit. This allows customers to earn FD interest rates while keeping their funds accessible. The remaining balance in the fixed deposit continues to earn interest at the applicable Flexi Deposit rate, ensuring consistent returns.
FAQs
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What is a Flexi Deposit?
A Flexi Deposit is a facility where surplus funds in your savings account are automatically transferred to a fixed deposit and vice versa, offering better returns without compromising liquidity. -
What minimum balance is required to activate the Flexi Fixed Deposit with Karnataka Bank?
While Karnataka Bank may have a default threshold of ₹5,000, it can often be customised per your preference. You must maintain a sufficient balance to activate and keep the feature running. -
Do I need to close the entire FD if I need money?
No. Only the required amount is withdrawn from the fixed deposit. The remaining balance continues to earn FD interest. -
Can senior citizens use the Flexi Deposit Karnataka Bank facility?
Yes, senior citizens can use the Flexi Deposit facility at Karnataka Bank. They also get higher interest rates compared to regular customers.
*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
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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