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

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

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.

Tenure	Interest Rate (% p.a)
7 days to 45 days	3.4
46 days to 90 days	4.9
91 days to 364 days	5
1 year to 2 Years	5.1
Above 2 Years to 5 years	5.4
Above 5 years to 10 years	5.5
Source: Bank Website. W.e.f. 01st November 2021

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.

Tenure	Interest Rate (% p.a)
1 year to 2 Years	5.5
Above 2 Years to 5 years	5.8
Above 5 Years to 10 years	6
Source: Bank Website. W.e.f. 01st November 2021

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.

Tenure	Interest Rate (% p.a)
1 to 2 Years	5.1
Above 2 Year to 5 Years	5.4
Above 5 Year to 10 Years	5.5
Source: Bank Website. W.e.f. 01st November 2021