Karnataka Bank Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Karnataka Bank

Last Updated 24th Nov 2016
Tenure General Rates Senior Citizen Rates
7 days to 45 days 3.50% 4.00%
46 days to 90 days 5.50% 6.00%
91 days to 179 days 6.75% 7.25%
180 days 7.15% 7.65%
181 days to 364 days 7.20% 7.70%
1 year to 2 years 7.25% 7.75%
2 years 1 day to 10 years 7.00% 7.50%
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  • Karnataka Bank offers FD interest rates upto 7.25% per annum.
  • Interest on deposits with Karnataka Bank is typically compounded quarterly.
  • Karnataka Bank accepts deposits starting at Rs. 0 for various tenures.
  • For senior citizens (age more than 60 years), Karnataka Bank offers higher interest rate over and above rates mentioned below.
Calculate Karnataka Bank
FD Maturity Amount

Karnataka Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Karnataka Bank .

Loan against Karnataka Bank FD

  • Karnataka Bank offers loan upto 0% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Karnataka Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Karnataka Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Karnataka Bank in your city - Find Karnataka Bank Branches here

About Karnataka Bank

Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangalore. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. TheReserve Bank of India has designated Karnataka Bank as an A1+-class scheduled commercial bank. The bank now has a national presence with a network of some 587 branches and 728 ATMs across 20 states and two Union territories. It has over 5844 employees and 4.84 million customers, including farmers and artisans in villages and small towns throughout the country. The Bank plans to open 75 new branches and 300 new ATMs during current year, thus aiming for 1,675 service outlets, consisting of 675 branches & 1000 ATMs. Karnataka Bank offers multi-branch banking, deposit schemes as Abhyudaya cash certificate, fixed deposits, ready money deposit, Soulabhya deposit, cumulative deposit, Platinum lakhpathi, insurance linked savings bank deposit, K-Flexi deposit, resident foreign currency (domestic) account, NRI services, Senior Citizens Deposit Scheme and loan schemes as Vidyanidhi education loans, Apna ghar home loans, car finance scheme, Varthak loans, Easy ride, Scheme for salaried persons, Udyog mithra, Niveshan loans, Krishi card, K-Power, Lease 'n' Encash, Suvarna Nidhi, InstaCash and VahanaMitra.In August 2008, Karnataka Bank received the Sun and NDTV Green IT Award. The market capitalization of the Karnataka bank is Rs. 2,442.29 crores. Karnataka Bank has posted a 29.16 % rise in net profit for the June quarter of the current financial year 2014-15. The net profit is Rs. 121.63 crore as against Rs. 94.17 crore in the corresponding quarter last year.

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News - Dec 2016
17th Sep 16 Karnataka Bank launches retail loan portal
Karnataka Bank has launched an online retail loan web portal named KBL-Loan Junction. This will facilitate the customers to check their retail loan eligibility and submit their loan application online. The bank also offers credit proposal tracking system as part of the initiative.
06th Aug 16 Karnataka Bank launched a mobile app for POS merchants
Karnataka Bank launched KBL POS Manager mobile app to its POS merchants to enable ease and convenience to the merchants KBL POS Manager is an Android based mobile application launched to manage the activities around the POS installation like monitoring daily reports, to know latest settlement report value, to request statements from the app etc. With this initiative, merchants can manage their store sales through smart phone. Bank has taken this initiative to improve client satisfaction and support merchants to do more transactions.
28th Jul 16 Karnataka Bank Q1FY17 Net Profit increases by 11%
As per the results for Q1FY17, Karnataka Bank Ltd. has reported a 11.2 percent increase in Net Profit to Rs 121.5 crore, from Rs 109.3 crore in the same quarter last year. Net Interest Income(NII) increased by 10.1 percent to Rs 364.7 crore and other income increased by 46 percent to Rs 174.4 crore in the June quarter . The asset quality showed signs of weakening as Gross NPAs as a percentage of total advances, increased to 3.92 percent from 3.44 percent and Net NPA also increased to 2.61 percent from 2.35 percent in March quarter. The provision against bad debt also increased by 21.2 to Rs 136.3 crore from Rs 112.5 when compared on qoq basis.
22nd Jan 16 Karnataka Bank standalone net profit declines 9 per cent for third quarter ending Dec 2015
Karnataka bank net profit declined by 9.37% due to a decrease in spread and an increase in Net Interest Income (NII)
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