Fixed Deposit
Fixed deposits are a simple way to save and earn more. Our fixed deposits make sure your money is safe and grows over time by getting secured returns. By locking in your funds at competitive interest rates, you gain both stability and substantial growth over time. With us, you can relax knowing your investment is in good hands, growing steadily, and ready for for big life moments or unexpected needs, whenever you need it. Read more
Why this deposit is for you
Grow your money and secure your future with our deposit choices.
Watch your savings grow with guaranteed returns in a safe and stable investment
Opt for monthly, quarterly, half-yearly or yearly interest payouts easily
Interest is credited directly to your account across branches, or via NEFT at other banks, free of charge
Features
Your money, your way
A smart calculator for smart deposits
A century of trust, now at your fingertips
Open a fixed deposit on-the-go. Experience KBL Mobile Plus today.
Available on Google Play Store and App Store.
As easy as 1,2,3...
Apply for a fixed deposit in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your account is opened
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Got questions? We’ve got answers.
Interest from fixed deposits is subject to tax under 'Income from Other Sources' as per the Income Tax Act. TDS is deducted as per the prevailing rules.
We offers loans against fixed deposits following the bank's prescribed rules, providing a convenient credit option without breaking the deposit.
Yes, premature withdrawal of fixed deposits is allowed as per our terms & conditions.
You can avail a fixed deposit for as little as ₹100 with no maximum limit.
For senior citizens, we pay out monthly interest on fixed deposits without any discount, receiving full interest earnings every month.
Click here to see the latest interest rates.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Mobile Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
NEFT (National Electronic Funds Transfer) is available for individuals, firms, or corporate bodies with accounts in the bank, facilitating electronic transfer of funds to any other NEFT-enabled bank branch in the country.
Yes, our bank deposits are generally considered a safe investment. This safety is primarily due to deposit insurance schemes provided by government agencies, which protect a certain amount per depositor in case of financial volatility. Additionally, we are subjected to stringent financial controls and oversight, further enhancing the safety of deposits. However, while safe, the returns on deposits, particularly savings accounts, are usually lower compared to riskier investments like stocks or mutual funds.
Whether a deposit is better than a mutual fund depends on your financial goals, risk tolerance, and investment horizon. Deposits offer safety and guaranteed returns but typically with lower interest rates. Mutual funds, on the other hand, have the potential for higher returns but come with greater risk and market volatility. For short-term goals or if you prioritize capital preservation, deposits might be preferable. For long-term goals with a higher risk appetite, mutual funds could be more suitable.
Yes, we allow you to open a joint deposit account with one or more individuals, subject to terms and conditions. This means you and the other person (like a family member, spouse, or business partner) can both manage and have access to the money in the account. Both of you can deposit or withdraw money, and the terms of the account usually apply to both parties equally. It's a common way for couples or business partners to manage their finances together.
Fixed deposits (FDs) are a secure and straightforward way to grow your savings. They offer higher interest rates compared to savings accounts, making them ideal for risk-averse investors. FDs have a fixed tenure, which can range from a few days to several years, allowing you to plan your financial goals with certainty. The interest earned can be a steady source of income, especially for retirees.
The interest rate on fixed deposits is fixed at the time of deposit and remains constant throughout the tenure, unaffected by market fluctuations. It's typically compounded quarterly, enhancing the potential earnings. Senior citizens often receive higher rates, providing an additional benefit.
Do research and compare rates before opening a fixed deposit online. Consider ladder strategies for liquidity and interest rate advantages. Don't withdraw your FD prematurely as it may attract penalty charges and impact the interest earnings.
