-
Home
-
Fixed Deposit Interest Rates
- Karnataka FD Rates
Karnataka Bank Fixed Deposit
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.
| 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% |
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. 2 cr and upto 10 crs w.e.f. 30th September, 2019
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| 7 days to 45 days | Above Rs. 1 cr and upto 10 crs | 3.50 | N.A |
| 46 days to 90 days | Above Rs. 1 cr and upto 10 crs | 5.00 | N.A |
| 91 days to 179 days | Above Rs. 1 cr and upto 10 crs | 6.25 | N.A |
| 181 days to 364 days | Above Rs. 1 cr and upto 10 crs | 6.80 | N.A |
| 1 year to 2 years | Above Rs. 1 cr and upto 10 crs | 7.00 | N.A |
For Domestic Deposits - Above Rs. 1 cr and upto 2 crs w.e.f. 30th September, 2019
| 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 | 7.40 |
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
- 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 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 |
Written By: PolicyBazaar - Updated: 31 July 2020
Compare with other Bank
Allahabad Bank FD Rates
Andhra Bank FD Rates
Axis Bank FD Rates
Bandhan Bank FD Rates
Bank of Baroda FD Rates
Bank of India FD Rates
Bank of Maharashtra FD Rates
Canara Bank FD Rates
Central Bank of India FD Rates
Citi Bank FD Rates
Corporation Bank FD Rates
Dena Bank FD Rates
HDFC Bank FD Rates
ICICI Bank FD Rates
IDBI Bank FD Rates
IDFC Bank FD Rates
Indian Bank FD Rates
Indian Overseas Bank FD Rates
IndusInd Bank FD Rates
Kotak Mahindra Bank FD Rates
Punjab National Bank FD Rates
RBL Bank FD Rates
State Bank of Hyderabad FD Rates
SBI FD Rates
State Bank of Mysore FD Rates
State Bank of Travancore FD Rates
Syndicate Bank FD Rates
UCO Bank FD Rates
Union Bank of India FD Rates
Vijaya Bank FD Rates
Yes Bank FD Rates
SBI IFSC Code
Bank of Baroda IFSC Code
AXIS Bank IFSC Code
ICICI Bank IFSC Code
Indian Bank IFSC Code
Canara Bank IFSC Code
Bank of India IFSC Code
HDFC Bank IFSC Code
Andhra Bank IFSC Code
Central Bank of India IFSC Code
Allahabad Bank IFSC Code
Punjab National Bank IFSC Code
Syndicate Bank IFSC Code
Bank of Maharashtra IFSC Code
Citi Bank IFSC Code
Gold Rate Today
Gold Rate In Metro Cities
Gold Rate In Delhi
Gold Rate In Bangalore
Gold Rate In Chennai
Gold Rate In Mumbai
Gold Rate In Kolkata
Gold Rate In Hyderabad
Gold Rate In Pune
Gold Rate In Ahmedabad
Gold Rate In Gurgaon
Gold Rate In Other Cities
Gold Rate In Lucknow
Gold Rate In Madurai
Gold Rate In Patna
Gold Rate In Coimbatore
Silver Rate Today