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.

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 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%

Written By: PolicyBazaar - Updated: 03 November 2020
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