Recurring Deposit
Realize the potential of your savings by building a habit of consistent savings with our recurring deposit — a trustworthy and reliable path to maximize returns. If you receive a regular income, this scheme allows you to deposit a fixed sum every month to build a substantial corpus over time. We make your banking experience easy with flexible deposit amounts and varied timeframes. With us, you have the comfort of knowing your hard-earned money is growing securely, backed by our century-long legacy of banking excellence. Read more
Why this deposit is for you
Grow your money and secure your future with our deposit choices
A minimum deposit of just ₹50 per month or multiples of ₹50 thereafter
Your savings grow securely with us, ensuring guaranteed returns
A wide range of deposit periods, from 6 to 120 months
A century of trust, now at your fingertips
Open a recurring 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 recurring 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
Explore other options for you
Trusted by thousands and handpicked for financial excellence
Got questions? We’ve got answers.
Recurring deposits (RDs) are perfect for individuals who aim to save regularly. They allow you to deposit a fixed amount every month, helping in building a savings habit. RDs offer interest rates similar to FDs, making them a lucrative savings instrument. They are ideal for short to medium-term financial goals, like funding education or planning a vacation.
The interest on recurring deposits is compounded quarterly and is usually similar to that of fixed deposits. The interest is calculated on the monthly balances, ensuring that each installment grows individually over the period of the deposit.
Do maintain consistency in deposits to maximize benefits. Utilize the flexibility in choosing the tenure and deposit amount as per your financial capability. Don't miss any monthly deposit, as it may attract penalties and disrupt the compounding of interest.
