Karnataka Bank is a renowned private sector banking firm based in Mangalore, Karnataka. The bank has been designated by the Reserve Bank of India as the A1+ scheduled commercial bank. The bank is 100% privately owned by its 1,29,862 shareholders.

With a network of 628 branches across 21 States and 2 Union Territories of India, Karnataka Bank offers all the banking products and services for both Personal banking and Commercial banking. The bank offers a variety of different deposit products for normal citizens, senior citizens and NRIs.

Although being listed in “small bank” category, Karnataka Bank offers great interest rates for it Fixed Deposit scheme with guaranteed high returns. Any individual can apply for a Fixed Deposit account at Karnataka Bank and get the benefits of high interest rates and returns at the time of maturity.

karnataka-bankHighlights of Karnataka Bank Fixed Deposit Account:

  • Open a Fixed Deposit account for a minimum of 7 days to a maximum of 10 years.
  • Get the highest interest rate of 9.00% for a term of 1 to 2 years.
  • Senior citizens can enjoy 0.50% additional interest rate as compared to Normal citizens.
  • Get interest payments made monthly, quarterly, half-yearly or yearly as required by the depositor.

Karnataka Bank Fixed Deposit Interest Rates for domestic deposits:

 Maturity RangeBelow 1 crore1-10 crore10-100 crore
 7-45 days 3.50 3.503.50
 45-90 days 6.50 6.506.50
 90-120 days 7.25 7.00 7.00
 120-180 days 7.25 7.257.25
 180 days-1 year 7.25 7.00 7.00
 1-2 year 7.75 7.25 7.00
 2-10 years 7.50 — —

Minor deposit scheme:

7 days to 10 yearssame as domestic Term Deposits
Above 10 years7.50

Interest rates for senior citizens:

 Maturity RangeBelow 1 crore1-10 crore10-100 crore
 7-45 days 4.00 4.003.50
 45-90 days 7.00 7.006.50
 90-120 days 7.75 7.50 7.00
 120-180 days 7.75 7.757.25
 180 days-1 year 7.75 7.50 7.00
 1-2 year 8.25 7.75 7.25
 2-10 years 8.00 — —

Nre term deposit interest rates:

 Maturity RangeBelow 1 crore1-10 crore10-100 crore
1-2 years 7.75 7.257.00
 2-10 years 7.50 —

Table updated: 13 January, 2016

Calculate maturity now

Important notes:

  • No penalty will be charged for premature closure below 1 crore.
  • 1% penalty will be charged for premature closure above 1 crore.

Check out full details @ http://www.karnatakabank.com/ktk/InterestChartTD.jsp

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