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Karnataka Bank Fixed Deposit

Karnataka Bank FD Scheme

Last Updated 18th Jan 2021

Karnataka Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 3.40% to 5.70%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    Karnataka Bank FD

    Karnataka Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, Karnataka Bank FD offers regular returns on fixed deposit ranging between 3.40% to 5.70%. For senior citizens, the interest rates on fixed deposits range between 3.80% to 6.95%. In addition to that, Karnataka Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of Karnataka Bank Fixed Deposit Schemes

    Different type of Karnataka Bank term deposit products offered to the investors are listed as follows:

    Benefits of Karnataka Bank FD

    Karnataka Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about Karnataka Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, Karnataka Bank offers FD rates up to 5.70%. The interest rates offered on Karnataka Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, Karnataka Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because Karnataka Bank fixed deposit allows one to borrow a secured loan against Karnataka Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about Karnataka Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: Karnataka Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. Karnataka Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . Karnataka Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, Karnataka Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the Karnataka Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with Karnataka Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from Karnataka Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of Karnataka Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for Karnataka Bank FD

    Karnataka Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for Karnataka Bank FD

    Karnataka Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.


    What is the loan against FD repayment tenure?

    Karnataka Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under Karnataka Bank?

    Karnataka Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in Karnataka Bank?

    The minimum amount required for a fixed deposit investment in Karnataka Bank fixed deposit is .

    What is the current interest rate on FD in Karnataka Bank?

    Currently, Karnataka Bank offers an interest rate ranging between 3.40% to 5.70% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in Karnataka Bank?

    Karnataka Bank fixed deposit can be opened with a minimum tenure of .

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    Karnataka Bank News - Jan 2021
    • 2021-01-18 : Karnataka Bank Q3 net profit rises to ₹135 cr
      Karnataka Bank posted a net profit of Rs 135 crore for the December quarter of current financial year with a growth rate of 10%. Further, net interest income rose 21% to ₹614 crore from ₹508 crore in Q3FY20.
    • 2020-12-08 : Karnataka Bank changed its FD rates
      With effect from 6 December 2020, Karnataka Bank changed its FD rates. The fixed deposit rate for 7 to 45 days is 3.40%, for 46 to 90 days is 4.90% and it stands at 5.20% for 91 to 364 days. Further, the fixed deposit rate for one to two years is 5.30%, above two years to 5 years is 5.55% and stands at 5.70% for above five years to 10 years.
    • 2020-03-20 : Karnataka Bank revised its FD rates
      With effect from 18 March 2020, Karnataka Bank changed its FD rates. The fixed deposit rate for 7 to 45 days is 3.50%, for 46 to 90 days is 5% and it stands at 6% for 91 to 364 days. Further, the fixed deposit rate for one to two years is 6.25%, above two years to 5 years is 6.15% and stands at 6.05% for above five years to 10 years.
    • 2019-11-06 : Karnataka Bank revises Deposit rates
      Karnataka Bank revised its interest rates on fixed deposits up to Rs 2 crores on November 5, 2019. New rates for 7-45 days is 3.50%, for 46-90 days, it is 5.00%, and the rate for 91-364 days is 6.25%. For 1-2 years, the rate is 6.80% for 2-5 years; the rate is 6.70%, and for 5-10 years, the revised interest rate is 6.50%.
    • 2019-11-01 : Karnataka Bank revises fixed deposit rates
      With effect from October 31, 2019, Karnataka Bank revised its interest rates on fixed deposits up to Rs 2 crores. The revised rate for 7-45 days is 3.50%, for 46-90 days, the rate is 5.00%, and for 91-364 days, the rate is 6.25%. For larger tenure of 1-2 years, the rate is 6.90%, the rate for 2-5 years is 6.80%, and for 5-10 years, it is 6.50%. For senior citizens, the rate varies by 40 basis points.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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