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Karnataka Gramin Bank - Fixed Deposit Interest Rates

Submitted By Nimmy Sunil on 26 February 2023

Deposit Interest Rates

Rates of interest on Domestic & NRO Term Deposits w.e.f 28.12.2022

SL No. Period of Deposit Less than ₹ 15.00 Lakhs ₹ 15.00 Lakhs to ₹2.00 Crores
General Citizens(p.a.) Senior citizen(p.a.) General Citizens(p.a.) Senior citizen(p.a.)
1 07 days to 14 days 3.25 3.75 3.25 3.75
2 15 days to 30 days 3.25 3.75 3.25 3.75
3 31 days to 45 days 3.25 3.75 3.25 3.75
4 46 days to 60 days 4.25 4.75 4.25 4.75
5 61 days to 90 days 4.25 4.75 4.25 4.75
6 91 days to 120 days 4.60 5.10 4.75 5.25
7 121 days to 179 days 4.60 5.10 4.75 5.25
8 180 days to 269 days 5.25 5.75 5.25 5.75
9 270 days to less than 1 year 5.75 6.25 5.75 6.25
10 1 Year 6.75 7.25 6.80 7.30
11 Above 1 year upto & inclusive 2 years 6.80 7.30 6.85 7.35
12 Above 2 years upto & inclusive 3 years 6.80 7.30 6.85 7.35
13 Above 3 years upto & inclusive 5 years 6.50 7.00 6.55 7.05
14 Above 5 years upto & inclusive 8 years 6.50 7.00 6.55 7.05
15 Above 8 years upto & inclusive 10 years 6.50 7.00 6.55 7.05
16 Tax Saver (5 years period) 6.50 7.00 -- --
17 Kanaka Samruddhi* (555 days) 7.00 7.50 7.00 7.50
18 KGB-Sampatti** (999 days) 7.05 7.55 7.05 7.55
19 KGB-Lakhpathi*** 120 Months 6.50 7.00 NA NA
20 60 Months 6.50 7.00 NA NA
21 48 Months 6.50 7.00 NA NA
22 36 Months 6.80 7.30 NA NA
23 24 Months 6.80 7.30 NA NA
24 12 Months 6.75 7.25 NA NA

*The minimum Amount under the Kanaka Samurddhi Scheme is ₹ 50,000/- and maximum is up to₹ 2.00 Crores.

**The minimum Amount under KGB-Sampatti Scheme is ₹ 25,000/- and maximum amount is up to₹ 2.00 Crore.

***KGB-Lakpathi scheme is applicable for term deposit less than ₹ 15.00 Lakhs only.

Rates of Interest on NRE Term Deposits w.e.f 16.01.2023 as under:

Period of Deposit Card Rate (%) Per Annum
Less than ₹ 15.00 Lakhs ₹ 15.00 Lakhs to ₹ 2.00 crores
1 Year 6.75 6.80
Above 1 year upto & inclusive 5 years 6.80 6.85
555 Days 7.00 7.00
Above 3 years upto & inclusive 5 years 6.50 6.55
Above 5 years upto & inclusive 8 years 6.50 6.55
Above 8 years upto & inclusive 10 years 6.50 6.55

Tags

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