Karnataka Bank was incorporated on February 18, 1924 in Mangaluru. It is one of the leading A-Class Bank Scheduled Commercial Banks in India. Over time, Karnataka Bank expanded itself, forming mergers with Chitradurga Bank, Shringeri Sharada Bank and Bank of Karnataka. 9 decades after its inception, Karnataka Bank hosts 901 branches across 22 states and 2 Union Territories.

Karnataka Bank helps its customers grow their finances in the long run by offering several fixed deposit schemes. Continue reading to learn about the current fd interest rates of karnataka bank.

Karnataka Bank FD interest Rate Above 3 crore

Note:

• The highest interest rate for general citizens is 7.15% for a tenure of 555 days, and for senior citizens, it's 7.55% for the same tenure.
• Senior citizens receive an additional 0.40% interest over the standard rates.
• The minimum deposit amount is ₹100, and there's no specified upper limit.
• The minimum tenure is 7 days, and the maximum tenure is 10 years.
• The lock-in period for the Tax Planner Fixed Deposit is 5 years.

Features and Benefits of Karnataka Bank FD

On availing of Karnataka Bank FD, you can enjoy the following features and benefits along with competitive Karnataka Bank fixed deposit rates.

• The minimum amount for opening an FD with Karnataka Bank is only ₹100. 
• For monthly payouts, the minimum amount to open a deposit is ₹5000, while the minimum tenure is 1 year.
• There is no discount on senior citizen interest rates of Karnataka Bank FDs.
• The bank offers a flexible tenure from 7 days to 10 years.
• You can get loans against fixed deposits as per Karnataka Bank’s policy.
• Premature withdrawals of FD are also available for Karnataka Bank's customers.

Types of Karnataka Bank FD

Karnataka Bank offers the following types of fixed deposit schemes. Here is a detailed overview of the terms and fixed deposit interest rates of Karnataka Bank: 

1. Fixed Deposits

The regular scheme is beneficial for customers who wish to earn periodic income from the current Karnataka Bank FD rates. As a customer, you can choose between quarterly, monthly, half-yearly or annual payouts while starting the fixed deposit. Monthly interest carries no discount for senior citizens under this scheme.

2. Abhyudaya Cash Certificate

Investors who are not interested in earning periodic returns frequently can open FD with an Abhyudaya Cash Certificate. This scheme offers a lump sum amount after a particular period. However, you must keep in mind that this scheme does not allow premature account closure. On attempting to do so, you have to pay a penalty charge. Furthermore, in case a senior citizen account holder dies before maturity, Karnataka Bank will pay the contracted rate until maturity. Individuals and sole proprietorship owners can choose a nominee for their Abhyudaya Cash Certificate FD scheme.

Karnataka Bank Tax Planner Fixed Deposit (FD) – 2026

The Tax Planner FD from Karnataka Bank offers a smart investment avenue that combines tax savings under Section 80C with attractive returns.

Key Features

Karnataka Bank Soulabhya Deposit Scheme – 2026

The Soulabhya Deposit offers a unique blend of attractive returns and flexibility with partial withdrawals, making it a suitable option for those who want liquidity without compromising too much on returns.

Key Features of Soulabhya Deposit