Karnataka Bank FD Interest Rates |
|
Highest slab rate |
7.20% p.a. (for 555 days – KBL Centenary Deposit) |
For 1 and 2 years |
6.80% p.a. |
For 3,4 and 5 years |
5.75% p.a. |
Tax-Saving Fixed Deposit |
5.75% p.a. |
Karnataka Bank FD Rates Calculator is an online tool that helps the depositors to calculate the maturity value of the deposit amount at the Karnataka Bank FD rate available. The amount, interest rates, deposit tenor and compounding frequency of the interest determine the maturity value of the chosen fixed deposit scheme at the end of its tenor.
Maturity Tenor |
For deposits less than Rs.2 crore |
For deposits above Rs.2 crore to Rs.10 crore |
7 days to 45 days |
5.25% p.a. |
5.60% p.a. |
46 days to 90 days |
5.25% p.a. |
5.60% p.a. |
91 days to 364 days |
5.25% p.a. |
5.25% p.a. |
555 days – KBL Centenary Deposit |
7.20% p.a. |
7.20% p.a. |
1 year to 2 years |
6.80% p.a. |
6.80% p.a. |
Above 2 years to 5 years |
5.75% p.a. |
5.75% p.a. |
Above 5 years to 10 years |
5.80% p.a. |
5.80% p.a. |
Maturity Tenor |
Interest Rates |
555 days – KBL Centenary Deposit |
7.20% p.a. |
7 days to 10 years |
As applicable for Domestic Fixed Deposit Schemes |
Above 10 years |
5.50% p.a. |
Maturity Tenor |
For deposits less than Rs.2 crores |
For deposits Rs.2 crores to Rs.5 crores |
555 days – KBL Centenary Deposit |
7.60% p.a. |
7.60% p.a. |
1 year to 2 years |
7.20% p.a. |
7.20% p.a. |
Above 2 years to 5 years |
6.15% p.a. |
6.15% p.a. |
Above 5 years to 10 years |
6.30% p.a. |
6.30% p.a. |
Name of the Scheme |
Interest Rates |
|
For Non-Senior Citizen |
For Senior Citizen |
|
Karnataka Bank or KBL Tax Planner (5 years) |
5.75% |
6.15% |
Maturity Tenor |
For deposits below Rs 2 crores |
For deposits Rs 2 crores to Rs 10 crores |
555 days – KBL Centenary Deposit |
7.20% p.a. |
7.20% p.a. |
1 year to 2 years |
6.80% p.a. |
6.80% p.a. |
Above 2 years to 5 years |
5.75% p.a. |
5.75% p.a. |
Above 5 years to 10 years |
5.80% p.a. |
5.80% p.a. |
Tenure |
Karnataka Bank Interest Rates (% p.a.) |
|||||||||
GBP |
USD |
CAD |
EUR |
AUD |
CHF |
JPY |
HKD |
SEK |
SGD |
|
1 year only |
3.32 |
4.57 |
3.01 |
0.63 |
2.75 |
0.05 |
0.09 |
0.33 |
0.15 |
0.42 |
Above 1 year to less than 2 years |
3.30 |
4.57 |
3.01 |
0.63 |
2.75 |
0.05 |
0.12 |
0.33 |
0.15 |
0.42 |
2 years to less than 3 years |
2.76 |
4.17 |
3.09 |
0.67 |
2.96 |
NA |
0.12 |
0.72 |
NA |
0.84 |
3 years to less than 4 years |
2.82 |
4.18 |
3.11 |
0.70 |
3.08 |
NA |
0.12 |
0.74 |
NA |
0.78 |
4 years to less than 5 years |
2.84 |
3.77 |
3.10 |
0.62 |
3.22 |
NA |
0.12 |
0.65 |
NA |
0.78 |
5 years only |
2.75 |
3.67 |
3.09 |
0.61 |
3.22 |
NA |
0.12 |
0.57 |
NA |
0.78 |
The main features of the Karnataka Bank FD account is mentioned below:
There is no limit to the amount that can be deposited.
Minimum deposit can be as low as Rs.100.
Tenor of this scheme ranges from 7 days to 10 years.
You can get a loan against the amount that is there in the amount.
Facility of premature withdrawal is provided. There will be a penalty however, in case of premature withdrawal.
Nomination facility is available.
The eligibility criteria to open an FD account with Karnataka Bank are mentioned below:
Individuals
Proprietary concerns
Partnership firms
Hindu Undivided Families (HUFs)
Government departments
Public and Private companies
Specified Trusts/Associates/Societies
Limited Liability Partnerships
The documents that have to be submitted to open a Karnataka Bank FD account are mentioned below:
Permanent Account Number (PAN) Card
Application form
Proof of age
Proof of identity
Passport-size photographs
Proof of address
Penalty is not applicable on premature withdrawal of deposits that are below Rs.2 crores.
For deposits of Rs.2 crores and above: The interest will be paid out after deducting a 1% penalty charge from the applicable rate of interest.
In case there is a premature withdrawal of deposits, then the interest will be paid at the rate that is applicable for the duration in which the deposit has remained with the bank.
Premature withdrawal is not allowed on Tax Planner fixed deposits
Karnataka Bank FD Rates Calculator is an online tool that helps the depositors to calculate the maturity value of the deposit amount at the Karnataka Bank FD rate available. The amount, interest rates, deposit tenor and compounding frequency of the interest determine the maturity value of the chosen fixed deposit scheme at the end of its tenor.
Fixed Deposit Rates for Other Banks |
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Yes, Karnataka Bank provides its customers with this facility.
Yes, You can add nominees if you are a Karnataka Bank FD account holder.
Yes, Karnataka Bank fixed deposits interest rates for senior citizens range from 6.30% p.a. to 7.60% p.a across tenors.
The minimum and maximum tenor of the fixed deposits range from 7 days and 10 years.
No, there is no limit to the maximum deposit that can be made.