Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates 2023
Karnataka Bank FD Interest Rates (p.a.) Highlights 2023
Highest slab rate 7.30% (for 375 days – KBL Centenary Deposit)
For 1 year 7.00%
For 2 years 7.00%
For 3 years 6.50%
For 4 years 6.50%
For 5 years 6.50%
Tax-Saving FD 6.50%

The interest rates are updated as of 14 August 2023

Karnataka Bank Fixed Deposit Interest Rates 2023

Interest Rates of General Public w.e.f. from 20 July 2023

Maturity Tenure Interest Rates (% p.a.) for deposits less than Rs 2 crore Interest Rates (% p.a.) for deposits above Rs 2 crore to Rs 10 crore
7 days to 45 days 4.50 5.00
46 days to 90 days 4.50 5.00
91 days to 179 days 5.25 5.25
180 days to less than 1 year 5.25 6.90
1 year to 2 years 7.00 7.00
375 days – KBL Centenary Deposit 7.30 7.30
Above 2 years to 5 years 6.50 6.50
Above 5 years to 10 years 5.80 5.80

Minor Deposit Schemes w.e.f. 20 July 2023

Maturity Tenure Interest Rates (% p.a.)
375 days – KBL Centenary Deposit 7.30
7 days to 10 years As applicable for Domestic Fixed Deposit Schemes
Above 10 years 5.50

Senior Citizens FD Rates w.e.f. 20 July 2023

Maturity Tenure Interest Rates (% p.a.) for deposits less than Rs. 2 crore Interest Rates (% p.a.) for deposits Rs 2 crore to Rs. 5 crore
375 days – KBL Centenary Deposit 7.70 7.70
1 year to 2 years 7.40 7.40
Above 2 years to 5 years 6.90 6.90
Above 5 years to 10 years 6.30 6.30

Interest Rates of Tax Saving Fixed Deposits

Name of the Scheme Interest Rates (% p.a.)
For General Public For Senior Citizen
Karnataka Bank or KBL Tax Planner (5 years) 6.50 6.90

Interest Rates of NRE Rupee Term Deposits w.e.f. 10 July 2023

Maturity Tenure Interest Rates (% p.a.) for deposits below Rs 2 crore Interest Rates (% p.a.) for deposits Rs 2 crore to Rs 10 crore
375 days – KBL Centenary Deposit 7.30 7.30
1 year to 2 years 7.00 7.00
Above 2 years to 5 years 6.50 6.50
Above 5 years to 10 years 5.80 5.80

Note: No differential interest rates are offered to senior citizens

Fixed Deposit Interest Rates on Foreign Currency Non-Resident (FCNR) and Resident Foreign Currency (RFC) Deposits w.e.f. 1 August 2023

Tenure Interest Rates (% p.a.)
USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
1 year only 5.50 5.35 3.00 4.30 3.50 0.15 0.05 0.15 0.33 0.42
Above 1 year to less than 2 years 5.50 5.35 3.00 4.30 3.50 0.15 0.05 0.15 0.33 0.42
2 years to less than 3 years 4.65 3.25 1.50 4.10 3.50 0.16 NA NA 0.72 0.84
3 years to less than 4 years 4.20 2.84 1.50 3.30 3.25 0.12 NA NA 0.74 0.78
4 years to less than 5 years 4.00 2.82 1.50 3.27 3.25 0.09 NA NA 0.65 0.78
5 years only 3.90 2.72 1.50 3.22 3.50 0.09 NA NA 0.57 0.78

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