Karnataka Bank FD Rates

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 45 days 3.50% 4.00%
46 days to 90 days 5.00% 5.50%
91 days to 179 days 6.50% 7.00%
181 days to 364 days 6.50% 7.00%
365 days to 449 days 7.10% 7.60%
450 days 7.25% 7.75%
451 days to 2 years 7.10% 7.60%
2 years 1 day to 10 years 6.50% 7.00%

Karnataka Bank Fixed Deposit Calculator

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Investment

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Interest Rate

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Interest Earned

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Investment Amount Minimum - Rs.100 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
Partial Withdrawal Facility Now partial withdrawal is possible on some schemes after applying bank’s terms and conditions
Nomination Facility By adding a nominee to your FD account, safeguard the future of your dependents

Karnataka Bank FD Interest Rates

In this progressive world, Karnataka bank offers qualitative products for its customers and stands as a leader of its trade.

Investing in the 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 Day

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 Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Above Rs. 1 cr and upto 10 crs (As on Jul 31, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Above Rs. 1 cr and upto 10 crs 3.5 N.A
46 days to 90 days Above Rs. 1 cr and upto 10 crs 4.5 N.A
91 days to 179 days Above Rs. 1 cr and upto 10 crs 6 N.A
181 days to 364 days Above Rs. 1 cr and upto 10 crs 6 N.A
1 year to 2 years Above Rs. 1 cr and upto 10 crs 6.15 N.A

 

For Domestic Deposits - Above Rs. 1 cr and upto 2 crs (As on Jul 31, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Above Rs. 1 cr and upto 2 crs N.A 4
46 days to 90 days Above Rs. 1 cr and upto 2 crs N.A 5
91 days to 179 days Above Rs. 1 cr and upto 2 crs N.A 6.5
181 days to 364 days Above Rs. 1 cr and upto 2 crs N.A 6.5
1 year to 2 years Above Rs. 1 cr and upto 2 crs N.A 6.65

 

For Domestic Deposits - Rs. 2 cr to upto 10 crs (As on Jul 31, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Rs. 2 cr to upto 10 crs N.A 3.5
46 days to 90 days Rs. 2 cr to upto 10 crs N.A 4.5
91 days to 179 days Rs. 2 cr to upto 10 crs N.A 6
181 days to 364 days Rs. 2 cr to upto 10 crs N.A 6
1 year to 2 years Rs. 2 cr to upto 10 crs N.A 6.15

 

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

 

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

  1. 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.
  2. 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 and upto 10 crs (As on Jul 31, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year to 2 years Above Rs. 1 cr and upto 10 crs 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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