The rates are similar on FDs between ₹2 crore to ₹5 crore for senior citizens. Senior Citizen interest rate benefit for term deposits below 1 year is withdrawn w.e.f. Meanwhile, the bank offers a 5.90% rate to senior citizens on deposits below ₹2 crore for a tenure of 1 year to 2 Years, while the rate is 6.05% and 6.20% on maturity period above 2 years to 5 years and above 5 years up to 10 years.Īlso, on its website, the bank highlights that '0.40% extra over the general rate up to and inclusive of ₹5 crore only under Domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for resident Senior Citizens only for tenure 1 to 5 years and 0.50% extra over the general rate for tenure 5 to 10 years w.e.f.

These rates are the same for FDs from ₹2 crore to ₹50 crore.

The rate varies from 3.40% to 5% on short-term tenures between 7 days to 364 days. Currently, the bank offers a 5.50% interest rate on fixed deposits below ₹2 crore to the general public, while the rate is 5.65% for tenure above 2 years to 5 years, and the rate is 5.70% on maturity period for above 5 years and up to 10 years.

Karnataka bank term deposit rates