Karnataka Bank FD Rates on various fixed deposit accounts offer a secure and rewarding option for investors. The interest rate for Karnataka Bank FD ranges from 4.50% to 7.30% p.a. for the general public, depending on the tenure chosen. Senior citizens enjoy Karnataka Bank FD scheme interest ranging from 6.30% to 7.70% p.a. for tenures from 1 year to 10 years.
Karnataka Bank FD Rates 2023for Term Deposits
For general citizens, the term deposit rates are:
Tenure | Karnataka Bank FD Rates (% p.a.) | |
Less than ₹2 crores | ₹2 crores to Rs 10 crores | |
7 days to 90 days | 4.5 | 5 |
91 days to 179 days | 5.25 | 5.25 |
180 days to less than 1 year | 5.25 | 6.9 |
1 year to 2 years | 7 | 7 |
375 days – KBL Centenary Deposit | 7.3 | 7.3 |
Above 2 years to 5 years | 6.5 | 6.5 |
Above 5 years to 10 years | 5.8 | 5.8 |
Note: The Karnataka Bank FD interest rates mentioned above are effective as of 20th July 2023 and are subject to change without any prior notice.
For senior citizens, the term deposit rates are:
Tenure | Karnataka Bank FD Rates (% p.a.) | |
Less than ₹2 crore | For ₹2 crore to ₹10 crore | |
375 days (KBL Centenary Deposit) | 7.7 | 7.7 |
1 year to 2 years | 7.4 | 7.4 |
Above 2 Year to 5 years | 6.9 | 6.9 |
Above 5 Year to 10 years | 6.3 | 6.3 |
Note: The Karnataka Bank FD interest rates mentioned above are effective as of 20th July 2023 and are subject to change without any prior notice.
Karnataka Bank FD Rates 2023 for NRIs
Karnataka Bank FD Rates – NRE Deposits
- Flexible tenure from 1 to 10 years.
- Both deposit and interest can be sent back abroad.
- No tax on interest earned.
- Nomination facility available
Tenure | Karnataka Bank FD Rates (% p.a.) | |
Deposits below ₹2 crore | Deposits for ₹2 crore to ₹10 crore | |
375 days – KBL Centenary Deposit | 7.3 | 7.3 |
1 year to 2 years | 7 | 7 |
Above 2 years to 5 years | 6.5 | 6.5 |
Above 5 years to 10 years | 5.8 | 5.8 |
Note: The Karnataka Bank FD interest rates mentioned above are effective as of 10th July 2023 and are subject to change without any prior notice.
Karnataka Bank FD Rates – FCNR (B) and RFC Deposits
Key Features for FCNR(B) deposits:
- Currencies: USD, EUR, CAD, and more.
- Choose any period from 1 to 5 years.
- Joint accounts with NRIs or resident relatives allowed.
- Interest earned is tax-free.
- You can nominate beneficiaries.
Key Features for RFC deposits:
- For NRIs returning to India.
- Currencies: USD, EUR, GBP, and more.
- Choose any period from 1 month to 5 years.
- Funds from FCNR/NRE or remittance can be used.
- No restrictions on using foreign currency.
- You can nominate beneficiaries.
The interest rates for FCNR (B) Deposits and RFC Deposits are as follows:
Tenure | Karnataka Bank FD Rates (% p.a.) | |||||||||
USD | GBP | EUR | CAD | AUD | JPY | CHF | SEK | HKD | SGD | |
1 year only | 5.25 | 3.67 | 1 | 3.35 | 2.55 | 0.15 | 0.05 | 0.15 | 0.33 | 0.42 |
Above 1 year to less than 2 years | 5.25 | 3.67 | 1 | 3.35 | 2.55 | 0.15 | 0.05 | 0.15 | 0.33 | 0.42 |
2 years to less than 3 years | 4.65 | 3.02 | 1 | 3.35 | 2.6 | 0.16 | NA | NA | 0.72 | 0.84 |
3 years to less than 4 years | 4.5 | 2.84 | 1 | 3.3 | 2.32 | 0.12 | NA | NA | 0.74 | 0.78 |
4 years to less than 5 years | 4 | 2.82 | 0.82 | 3.27 | 2.44 | 0.09 | NA | NA | 0.65 | 0.78 |
5 years only | 3.9 | 2.72 | 0.81 | 3.22 | 2.53 | 0.09 | NA | NA | 0.57 | 0.78 |
Note: The Karnataka Bank FD interest rates mentioned above are effective as of 10th February 2023 and are subject to change without any prior notice.
What are the Karnataka FD Rates for Tax Saving FD?
The tenure for the tax-saving Karnataka Bank FD is 5 years.
Scheme | Karnataka Bank FD Rates (% p.a.) | |
For General Citizens | For Senior Citizens | |
Karnataka Bank or KBL Tax Planner (5 years) | 5.75% | 6.15% |
Note: The Karnataka Bank FD interest rates mentioned above are subject to change without any prior notice.
How Does the Karnataka Bank FD Calculator Work?
The Karnataka Bank FD Calculator is an easy-to-use tool that helps you find the maturity value of your fixed deposit. Just enter the deposit amount, interest rate, tenure, and compounding frequency. The Karnataka Bank FD interest rates calculator will show you the maturity amount. Whether you’re saving for the short term or the long term, this tool can help you make smart decisions about your FD on the latest Karnataka FD interest rates.
You can find the Karnataka Bank FD calculator on the official Karnataka website or other reliable financial websites.
Conclusion
Karnataka Bank is a trusted financial institution that offers a variety of fixed deposit options with competitive Karnataka Bank FD rates. You can choose the best FD based on your investment needs, with flexible tenures and interest payout options. The Karnataka Bank FD Calculator is a handy tool to estimate your returns and plan your investments wisely.
Be sure to check the latest Karnataka Bank FD rates on the bank’s website before making any decision.
Karnataka Bank FD Rates 2023 FAQ’s :-
The deposit amount for this scheme starts at Rs. 100 and there is no limit to how much you can invest.
Yes, senior citizens receive additional Karnataka Bank FD rates of 0.40% extra for tenures 1 to 5 years (up to & inclusive of 5 crore) under Domestic FD and ACC Schemes, and 0.50% extra for tenures 5 to 10 years (w.e.f. 09.11.2020).
Yes, you can avail of a loan against your fixed deposit in Karnataka Bank.
You’ll need a PAN Card, identity and address proof (Aadhar Card, Electricity bill, Voter ID Card, Driving licence etc.), Karnataka Bank FD application form.
The minimum and maximum tenure for Karnataka Bank fixed deposits ranges from 7 days to 10 years.
No, the Karnataka Bank FD interest rates are not the same for all deposit amounts. The interest rates are based on the deposit amount and the tenure of the deposit.