Karnataka Bank FD Interest Rates
In this progressive world, Karnataka bank offers qualitative products like fixed deposits and offer good interest rates for its customers and stands as a leader of its trade. You can check Karnataka Bank FD Interest Rates online in India.
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Fixed Deposit Interest Rates
- Karnataka Bank FD Interest Rates
Features of Karnataka Bank Fixed Deposit
Karnataka Bank Fixed Deposit Rates 2021
| Karnataka Bank FD Rates in India | ||
|---|---|---|
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 5.00% | 5.50% |
| 91 days to 180 days | 5.60% | 6.10% |
| 181 days to 364 days | 5.60% | 6.10% |
| 1 year to 2 years | 5.75% | 6.25% |
| 2 years to 5 years | 5.65% | 6.15% |
| 5 years 1 day to 10 years | 5.65% | 6.15% |
Comparison of FD Rates by Top 10 Financial Institutes
| Name | Interest Rates | Tenure | |
|---|---|---|---|
| Axis Bank | 5.75% | 5 years to 10 years | View Details |
| Bank of Baroda | 5.30% | 5 years 1 day to 10 years | View Details |
| Bank of India | 5.40% | 5 years to 10 years | View Details |
| Canara Bank | 5.45% | 3 years to 10 years | View Details |
| Central Bank of India | 5.35% | 5 years to 10 years | View Details |
| HDFC Bank | 5.50% | 5 years 1 day to 10 years | View Details |
| ICICI Bank | 5.50% | 5 years 1 day to 10 years | View Details |
| IDBI Bank | 5.70% | 7 years 1 day to 10 years | View Details |
| State Bank Of India | 5.40% | 5 years to 10 years | View Details |
| Yes Bank | 7.00% | 1 year to 10 years | View Details |
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 population. 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.
Fixed Deposits in the Current Time
This bank bases the rate of their fixed deposit scheme on three factors namely the amount of principle invested, the tenure of the investment or 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 till 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 data provided below.
For Domestic Deposits - Upto Rs. 1 cr (As on Jul 31, 2017)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
|
General |
Senior Citizen |
||
|
7 days to 45 days |
Upto Rs. 1 cr |
3.5% |
4% |
|
46 days to 90 days |
Upto Rs. 1 cr |
5% |
5.5% |
|
91 days to 179 days |
Upto Rs. 1 cr |
6.5% |
7% |
|
180 days |
Upto Rs. 1 cr |
6.9% |
7.4% |
|
181 days to 364 days |
Upto Rs. 1 cr |
6.5% |
7% |
|
1 year to 2 years |
Upto Rs. 1 cr |
6.65% |
7.15% |
|
Above 2 years to 10 years |
Upto Rs. 1 cr |
6.5% |
7% |
For Domestic Deposits - Above Rs. 1 cr to 2 cr (w.e.f. 30th September, 2019)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
7 days to 45 days |
Above Rs. 1 cr to 2 cr |
4% |
|
46 days to 90 days |
Above Rs. 1 cr to 2 cr |
5% |
|
91 days to 179 days |
Above Rs. 1 cr to 2 cr |
6.5% |
|
181 days to 364 days |
Above Rs. 1 cr to 2 cr |
6.5% |
|
1 year to 2 years |
Above Rs. 1 cr to 2 cr |
7.40% |
For Domestic Deposits - Rs. 2 cr to 10 cr (As on Jul 31, 2017)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
7 days to 45 days |
Rs. 2 cr to upto 10 crs |
3.5% |
|
46 days to 90 days |
Rs. 2 cr to upto 10 crs |
4.5% |
|
91 days to 179 days |
Rs. 2 cr to upto 10 crs |
6% |
|
181 days to 364 days |
Rs. 2 cr to upto 10 crs |
6% |
|
1 year to 2 years |
Rs. 2 cr to upto 10 crs |
6.15% |
Tax Saver FD (Max Deposit - 1 LPA)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
|
General |
Senior Citizen |
||
|
KBL - Tax Planner - 5 years |
Upto Rs. 1 lakh |
6.5% |
7% |
Tax Implications
- 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.
- The applicable tax will be deducted at source, i.e. Karnataka Bank, in case the annual interest earned crosses Rs. 10,000.
For NRE Fixed Deposit - Above Rs. 1 cr to 10 cr (As on Jul 31, 2017)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
1 year to 2 years |
Above Rs. 1 cr to 10 cr |
6.15% |
For NRE Fixed Deposit - Upto Rs. 5 cr (As on Jul 31, 2017)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
1 year to 2 years |
Upto Rs. 5 cr |
6.65% |
|
Above 2 years to 10 years |
Upto Rs. 5 cr |
6.5% |
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