What is the highest Karnataka Bank FD rate for senior citizens?

The highest Karnataka Bank Senior Citizen FD rate is 7.40% p.a. on deposit for the tenure of 555 Days.

Is Karnataka Bank FD Safe for Senior Citizens?

Karnataka Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Karnataka Bank FD?

Yes. Karnataka Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Karnataka Bank Senior Citizen FD?

The minimum amount required to open a Karnataka Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Karnataka Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Karnataka Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Karnataka Bank Senior Citizen Fixed Deposit Rates

Name: Karnataka Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.7 (9526 reviews)

Karnataka Bank offers attractive FD rates for senior citizens ranging from 3.75% to 7.40% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Karnataka Bank Senior Citizen FD rates for senior citizens.

Karnataka Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.40%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

Karnataka Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Karnataka Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options.

Tenure	Senior Citizen FD Rates (per annum)
7 days to 45 days	3.75
46 days to 90 days	4.25
91 days to 179 days	5.00
180 days to below 1 year	6.00
1 year to 554 days	6.90
555 days only	7.40
556 days to 2 years	6.80
Above 2 years to 3 years	6.55
Above 3 years to 5 years	6.55
Above 5 years to 10 years	5.90

Use the Karnataka Bank FD Calculator below to estimate the maturity amount and interest earned on your Karnataka Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Karnataka Bank Senior Citizen FD Rates (Above ₹3 Crore)

Karnataka Bank offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7 days to 45 days	3.75
46 days to 90 days	4.25
91 days to 179 days	5.00
180 days to below 1 year	6.00
1 year to 554 days	6.70
555 days only	7.40
556 days to 2 years	6.60
Above 2 years to 3 years	6.50
Above 3 years to 5 years	6.50
Above 5 years to 10 years	5.90

Compare Karnataka Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Karnataka Bank for specific tenures. The table below compares Karnataka Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Karnataka Bank	7.40% (555 days)
Shivalik Small Finance Bank	8.50% (23 to 27 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (2 to 3 Years)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (2 to 3 Years)
Slice Small Finance Bank	7.75% (18 Months 1 day to 18 Months 2 day
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.60% (3 years)
ICICI Housing Finance	7.10% (45 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)

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