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Karnataka Bank Modifies Interest Rates On FD: Check Latest Rates Here

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Karnataka Bank, a private sector lender, offers customers a term deposit scheme in which they can deposit a minimum of Rs 100 with no upper limit for a maturity period of 7 days to 10 years and receive fixed returns that are higher than savings accounts. Customers can choose to receive interest on a quarterly, half-yearly, or annual basis. The bank has recently amended its fixed deposit interest rates, which are in force from 01st November 2021.

 

Karnataka Bank FD Rates

Karnataka Bank FD Rates

For a deposit amount of less than Rs 2 Cr, the bank is now offering an interest rate of 3.40% to 5.50% on deposits maturing in 7 days to less than 10 years. With effect from 1st November 2021, Karnataka Bank is offering the following interest rates on fixed deposits to the general public.

TenureInterest Rate (% p.a)
7 days to 45 days3.4
46 days to 90 days4.9
91 days to 364 days5
1 year to 2 Years5.1
Above 2 Years to 5 years5.4
Above 5 years to 10 years5.5
Source: Bank Website. W.e.f. 01st November 2021

Karnataka Bank FD Rates For Senior Citizens
 

Karnataka Bank FD Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.40% on their deposits maturing in 1 to 5 years and 0.50% extra over the general rate for the tenure of 5 to 10 years. With effect from 1st November 2021, Karnataka Bank is offering the following interest rates on fixed deposits to senior citizens.

TenureInterest Rate (% p.a)
1 year to 2 Years5.5
Above 2 Years to 5 years5.8
Above 5 Years to 10 years6
Source: Bank Website. W.e.f. 01st November 2021

Karnataka Bank NRE Rupee Term Deposits Interest Rates

Karnataka Bank NRE Rupee Term Deposits Interest Rates

On NRE Rupee Term Deposits of less than Rs 2 Cr, the bank has also revised its interest rates on 01.11.2021 which are as follows.

TenureInterest Rate (% p.a)
1 to 2 Years5.1
Above 2 Year to 5 Years5.4
Above 5 Year to 10 Years5.5
Source: Bank Website. W.e.f. 01st November 2021

Read more about: interest rates fd fixed deposit
Story first published: Tuesday, November 9, 2021, 15:48 [IST]
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