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The maturity date is the date you opened the account, plus the period you chose for your deposit. It typically falls 30 days after your last installment payment. Click here to see the latest interest rates.

In case you delay an installment, a small penalty applies. For deposits up to 5 years, you will incur a change of ₹1.50 per month for every ₹100, and for over 5 years, ₹2 per month for every ₹100. If you're late, this penalty equals a month's delay. However, you can offset this by paying advance installments equal to the number of delayed ones. Click here to read the terms and conditions.

If the deposit has not been regularly paid but has completed its term, it’s considered discontinued. Interest is then calculated based on the minimum balance each month, without quarterly compounding.

What is the minimum and maximum period for a recurring deposit?
You can open a Recurring Deposit for a minimum of 6 months and extend it up to a maximum of 120 months, in multiples of 3 months.

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.