To avail the benefits of the Karnataka Bank RD scheme, the account holder is required to contribute a fixed amount each month. The deposit term for Karnataka Bank varies from 6 months-10 years. Interest rates offered by the Karnataka Bank on RD accounts are highly competitive and they depend on the amount deposited. Karnataka Bank recurring deposit scheme is an ideal financial product for people who wish to save money for their future use. The maturity on RD schemes are calculated cumulatively over the entire deposit term. Karnataka Bank also provides its customers with the RD calculator to calculate the interest rate applicable on the deposits. NRIs and Senior citizens can also avail unique benefits based on the prevailing interest rates.
|Tenure||General - For Deposits upto and inclusive of Rs.1 Crore||General - For Deposit of above Rs.1 Crore and upto Rs 10 Crore||Senior Citizens - For Deposits up to & inclusive of Rs.1 crore||Senior Citizens - For Deposits of above Rs. 1 crore and upto Rs.2 Crore||Senior Citizens - For Deposits of above Rs.2 crore and upto Rs.10 Crore|
|181 days to 364 days||6.5||6||7||6.5||6|
|1 year to 2 years||6.7||6.15||7.2||6.65||6.15|
|Above 2 years to 10 years||6.5||--||7||--||--|
Karnataka Bank offers RD tenures ranging from 6 months-12 months and also a mid-range RD scheme ranging from 1-2 years
The interest rate offered by Karnataka Bank on tenure ranging from 6 months-9 months is 7.25%. For an RD account with a tenure ranging from 1-2 years, the interest rate offered is 7.75%
The interest rate offered for deposit accounts with tenure ranging from 6-9 months is 7%. For an RD account with a tenure of 1-2 years, the interest rate applicable is 7.25%
The interest rate offered by the Karnataka Bank on RD accounts whose tenures range from 6-9 months is 7% and for RD accounts with deposit terms ranging from 1-2 years is 7%
For deposit tenures which range from 2-10 years, the interest rates offered by the Karnataka Bank is 7.5% for deposits amounting to 1 crore
Senior citizens are provided with an additional interest rate of 0.5% on their Karnataka Recurring Deposit accounts.
The interest rate offered for a Karnataka Bank RD account with tenures that range from 6 months-9 months id 7.75% and for an RD account with tenure ranging from 1-2 years, the interest rate applicable is 8.25%. The interest rate for an RD account with deposit term ranging from 2-10 years is 8%
The interest rate offered by the Karnataka Bank for tenures ranging from 6-9 months is 7.5%. For an RD with tenure ranging from 1-2 years, the rate of interest offered id 7.75%
The interest rate offered by Karnataka Bank on Rd accounts with deposit terms ranging from 6-9 months is 7.5% for an RD account with tenure of 9 months-1 years is also 7.5%
NRIs can open RD account with Karnataka Bank with varying deposit amounts and the interest rates applicable on these deposits vary according to the deposit amount.
For a tenure ranging from 1-2 years, the RD account of Karnataka Bank offers an interest rate of 7.75%. The interest rate applicable on tenure ranging from 2-10 years is 7.5%
For Karnataka Bank RD accounts with tenure ranging from 1-2 years is 7.25%
The interest rate applicable on Karnataka Bank RD with tenure ranging from 1-2 years is 7%
|Maturity Pattern||Deposits upto & Inclusive Rs.1 Crore||Deposits above Rs 1 Crore and upto 10 Crore|
|1 year to 2 years||6.75||6.25|
|Above 2 years to 10 years||6.5||--|
Karnataka Bank offers an interest rate of 7.5% for deposit schemes for minors with tenure ranging from 10 years and above.
|Minor Deposit Scheme - Interest rates|
|Up to 10 years||7.50|
|Above 10 years||7.50|