Local trust, global security
Our recurring deposits are designed with your global aspirations in mind, offering a straightforward way to save in India while living abroad with a family bank that you can trust. Our recurring deposits allow you to set aside a fixed amount regularly, combining the growth potential of a fixed deposit with the flexibility of a savings account. Read more Read less

Why choose our recurring deposits
Recurring rewards and lasting wealth for NRIs everywhere
Benefit from the stability and advanced security of a trusted Indian bank
Manage your account conveniently from anywhere in the world
Earn higher interest compared to regular savings, maximizing your returns
Who can apply for NRI recurring deposits
- NRIs (Non-Resident of India) holding Indian passport
- Indian students pursuing higher education
- Seafarers and maritime professionals of Indian nationality
- Persons of Indian Origin (PIOs) who were citizens of India on 26 January 1950
- Overseas Citizens of India (OCIs)

BANKING WITH YOU
Here for you, always
24/7 support for your banking needs
Banking with trust, expertise and care
Expanding the KBL family everyday
Got questions? We’ve got answers.
A Fixed Deposit (FD) is a one-time investment where you deposit a lump sum amount for a specific period, earning a fixed rate of interest. In contrast, a Recurring Deposit (RD) involves depositing a fixed amount every month over a set period, also earning interest. While FDs are suitable for those with a lump sum to invest, RDs are ideal for regular, disciplined saving.
Absolutely, the funds from your Non Resident (Ordinary) Recurring Deposit can be utilized for various local investments and payments in India on a non-repatriable basis. This feature makes it a practical tool for NRIs looking to invest in Indian markets or manage local expenses.
Yes, nomination facility is available in NRI Deposit schemes. This allows you to nominate a beneficiary for your account in the event of unforeseen circumstances.
Yes, most banks offer an auto-renewal facility for NRI Deposits. This allows your deposit to be automatically renewed upon maturity for the same tenure at the prevailing interest rate.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
Yes, nomination facility is available in NRI recurring deposit schemes. This allows you to nominate a beneficiary for your account in the event of unforeseen circumstances.
Yes, our digital banking platform allows convenient online management from anywhere in the world.
Choosing between deposits and mutual funds depends on your financial goals and risk appetite. Deposits, like FDs and RDs, offer safety and guaranteed returns, ideal for conservative investors. Mutual funds, however, may offer higher returns but come with market-related risks. It's important to assess your financial objectives, risk tolerance, and investment horizon before deciding.
The NRE Recurring Deposit amplifies your overseas savings, offering a tax-free interest benefit, ensuring your financial growth aligns with your global ambition.
or off-site verification, you'll need attested photocopies of documents like your valid Indian Passport or Overseas Resident Card, Employment Visa/Work Permit/Student Visa/Overseas Resident Card, and communication address proof. Attestation can be done by authorized officials of overseas branches of Scheduled Commercial Banks registered in India, branches of overseas banks with whom Indian banks have relationships, Notary Public abroad, Court Magistrate, Judge, or Indian Embassy/Consulate General in your country of residence.
Unlock the potential of your farm with KBL Instant Agri Credit. Our tailored agri loans are designed to provide instant financial support to the agricultural sector, facilitating immediate agri finance. Whether it's a loan for agriculture needs or a farm business loan, our streamlined application process ensures that you receive the funds you need without delay.
NRI services play a crucial role in bridging the financial needs of the Indian diaspora with the opportunities available in India. They provide a platform for NRIs to invest, save, and manage their earnings in their home country, even while they reside abroad. Services like NRI accounts, loans, and investment options ensure that NRIs can contribute to and benefit from India's economic growth. These services also aid in maintaining a financial connection with their homeland, which is crucial for those who plan to return or have familial and investment ties in India.