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