Soulabhya Deposit
Discover the flexibility and benefits of the Soulabhya flexible deposit scheme, designed for easy withdrawal of money in case of need while also earning interest at a contracted rate. Choose between short-term renewals with interest earned every 30 to 46 days, or a longer-term plan with quarterly compounding interest. With security and maximized returns, the Soulabhya deposit is your trusted partner in managing and growing your savings effectively and letting you take charge of your money. Read more
Why this deposit is for you
Grow your money and secure your future with our deposit choices.
Withdraw in units of ₹1,000 whenever and access your funds with ease
Select from short-term renewals for quick gains or long-term deposits for compounded growth
Interest rates at the time of deposit or renewal apply with predictable returns
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As easy as 1,2,3...
Apply for a Soubhlaya 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.
Short-term gains: Your deposit is initially set for 46/30 days and then automatically renews in subsequent blocks of 46/30 days each, until you instruct otherwise.
Long-term gains: Choose a deposit period between 3 months and 60 months, with interest compounded quarterly.
Interest is calculated at the end of each 46/30 day block. The rate applied is the one prevailing on the renewal date, ensuring your earnings reflect current market rates.
Yes, you can withdraw in units of ₹1,000 anytime. However, interest isn’t paid on units withdrawn before completing a 30-day block with the short-term plan. Click here to read the terms and conditions.
The contracted rate of interest refers to the interest rate agreed upon at the time of deposit. This rate remains constant until the deposit's due date or each renewal in the short-term. Click here to view 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.
General deposits in a bank offer a safe and accessible way to store your funds. They provide the flexibility to withdraw or transfer money as needed, supporting day-to-day financial transactions. Many deposit accounts also offer interest, although at a lower rate than specialized accounts.
Interest on general deposit accounts is calculated on the daily balance and paid periodically, often monthly or quarterly. The rate is typically lower than that of fixed deposits or recurring deposits, reflecting the higher liquidity and accessibility of these funds.
Do keep track of your deposits to manage your finances effectively. Make use of online banking facilities for easy access and management of your accounts. Don't forget to monitor your account regularly to avoid any maintenance fees or charges for not maintaining a minimum balance.
