Karnataka Bank FD Rates – Check Karnataka Bank Interest Rates, Karnataka Bank Fixed Deposit, Karnataka Bank Fixed Deposit Rates, FD Interest Senior Citizens.
KARNATAKA CORPORATION BANK, a leading’A’ Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka.
With over 9 decades of experience at the forefront of providing professional banking services and quality customer service.
Managed by a dedicated & professional management team, we have over 8,000 employees, 1,46,000 shareholders and over 8.2 million customers.
All resident individuals including minors and Hindu undivided families are eligible to open an FD account with Karnataka Bank.
The documentation for opening an FD account in India is fairly simple. You would be required to submit a filled in Application Form with a photograph along with supporting documents for Identity proof, Address proof, Signature proof and Age proof (for senior citizens)
Karnataka Bank FD Interest Rates 2018
Interest Rates For Deposit General Public w.e.f 31st July, 2017
|Interest Rates for Deposits General Public|
|Maturity Pattern||Interest Rate (%) for Deposits upto and inclusive of Rs. 1 Crore||Interest Rate (% p.a) for Deposits of above Rs. 1 Crore and upto Rs. 10 Crore|
|7 days to 45 days||3.50||3.50|
|46 days to 90 days||5.00||4.50|
|91 days to 179 days||6.50||6.00|
|181 days to 364 days||6.50||6.00|
|1 year to 2 year||6.65||6.15|
|Above 2 years to 10 years||6.50||–|
*A separate slab has been introduced for deposits upto & inclusive of Rs.15 lakh per customer duly complying with UCIC norms, for 180 days period with interest rate at 6.90% p.a
|Minor Deposit Scheme w.e.f July 31st, 2017|
|7 days to 10 years||As applicable for domestic term deposits|
|Above 10 Years||6.50|
Interest rate for Senior Citizen : (FD & ACC Only)
- 0.50% extra over the general rate upto & inclusive of 2 crore only under Domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for resident Senior Citizens only w.e.f 31-07-2017
|Interest Rate (% p.a)|
|Maturity Pattern||Deposits upto & Inclusive of Rs.1 Crore||Deposits of above Rs. 1 Crore and upto Rs.2 Crore||Deposits of above Rs.2 Crore and upto Rs.10 Crore|
|7 days to 45 days||4.00||4.00||3.50|
|46 days to 90 days||5.50||5.00||4.50|
|91 days to 179 days||7.00||6.50||6.00|
|181 days to 364 days||7.00||6.50||6.00|
|1 year to 2 year||7.15||6.65||6.15|
|Above 2 years to 10 years||7.00||–||–|
Interest rates on special deposit schemes w.e.f 31st July, 2017
- The following interest rates shall be applicable for the new deposit schemes irrespective of quantum of deposit.
|Scheme||Rate of Interest (% p.a)||Remarks|
|For General Public||For Senior Citizens|
|KBL – Tax Planner||6.50||7.00||Period of deposit is fixed for 5 years only, for deposits not exceeding Rs.1.5 lakhs in a year. Premature closure under this scheme is not allowed.|
*Interest rates as above are subject to change from time to time.
Karnataka Bank Limited
Post-Box No.599, Mahaveera Circle
Kankanady, Mangaluru – 575002
Toll Free Number