Rates verified from official source

Karnataka Bank interest rates · November 2026

Top FD rate
7.25%
15 months only
Senior citizen FD
7.65%
15 months only
Top RD rate
7.25%
15 months only
Savings rate
3.75%
Balance above ₹1 crore
Top NRE FD rate
7.25%
15 months only
Top FCNR(B) rate
4.95%
USD · 1 year only

Karnataka FD rates

1 year6.50%Senior 6.90%3 years6.15%Senior 6.55%5 years6.15%Senior 6.55%
All tenures, calculator and comparison →

What will my FD earn at Karnataka?

Estimated value after 1 year · before tax ₹5,33,301 6.50% p.a. · ₹33,301 interest · quarterly compounding
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Plan your recurring deposit at Karnataka

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Karnataka Bank (Karnataka) is a private sector bank, headquartered in Mangaluru, established in 1924. Its headline 1-year FD rate of 6.50% is 0.03% above the private sector average of 6.47%, ranking #594 of 1033 banks on RateScan.in.

Headquarters
Mangaluru
Established
1924
Branches
~900 approx.
Monitored since
20 Sept 2026
Ownership
Private sector bank (publicly listed)
Operates in
Andhra Pradesh, Assam, Bihar, Chhattisgarh + 20 more states

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
20.07%
Capital adequacy
Net NPA
0.95%
Bad loans (net)
Credit rating CARE
A+
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 1 Apr 2026, verified from official source. Scheduled private sector bank: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Karnataka Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹59,10,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances’”

    What RBI found

    “The bank (i) had opened savings deposit accounts in the name of certain ineligible entities and (ii) failed to review / renew certain loan accounts within the prescribed period and yet did not classify these accounts as Non-Performing Assets.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/326

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

983 branches in 168 districts

Most branches: Bengaluru Urban 122, Dakshina Kannada 69, Udupi 48

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

Karnataka Fixed Deposit rate changes

Changes to Karnataka's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 20 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

2 Nov 2026
▲ 6 raised+0.15 to +0.25 pp
  • 46 days to 90 days · Below ₹3 crore (retail) · General4.00% → 4.25% 0.25 pp
  • 91 days to 179 days · Below ₹3 crore (retail) · General4.75% → 5.00% 0.25 pp
  • 46 days to 90 days · Below ₹3 crore (retail) · Senior4.25% → 4.50% 0.25 pp
Show all 6 changesShow fewer
  • 91 days to 179 days · Below ₹3 crore (retail) · Senior5.00% → 5.25% 0.25 pp
  • 180 days to below 1 year · Below ₹3 crore (retail) · General5.75% → 5.90% 0.15 pp
  • 180 days to below 1 year · Below ₹3 crore (retail) · Senior6.00% → 6.15% 0.15 pp
Bank's rate page ↗

See all Karnataka rate changes →

Credit rating

What independent credit rating agencies say about Karnataka Bank. Every rating links to the document it comes from, so you can check it yourself.

A+
Headline rating
Basel III Tier II bonds · CARE · Stable
Adequate safety: low credit risk
Latest rating action: 17 Aug 2026
AgencyInstrument RatingOutlook PublishedSource
CARE Basel III Tier II bonds ₹300 cr A+ Stable Reaffirmed
17 Aug 2026
 Agency rationale

Note: Earlier versions of this page showed AA- (CRISIL). The only current rating we found is CARE's A+ on Tier II bonds.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Karnataka Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • Karnataka is a private sector bank regulated by the RBI.
  • Senior citizens (60+) earn up to 0.40% p.a. more than general customers at Karnataka, depending on the tenure.
  • Karnataka's FD table includes 2 special schemes; check eligibility and end dates.
official Effective 1 Apr 2026 · Ingested 25 Oct 2026 · Verified 14 Nov 2026 · View source

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