DEPOSIT PRODUCTS – MAXIMIZING YOUR EARNINGS
Karnataka Bank’s basket of financial product is redefining customer-centric banking
practices across India.
Life is one big journey of discovery especially when you're just starting out. In your
personal finances,
as in life, it is important to make astute decisions when you face new
challenges. And we can help you get off to a good start. We aim to help you build on a strong
foundation by maximizing returns on your investments and increasing your assets. As our
privileged customer, you can make use of our customized products to take care of your
specific banking needs.
You can find one product that is just right for you and your Family.
Abhyudaya Cash Certificate A growth oriented scheme with maximum returns.
Money invested multiplies after the specified period. The minimum period of deposit is 6
months and the maximum period is 120 months.
Fixed Deposits A high interest deposit scheme for specified periods ranging from 15
days to 10 years with interest payments made monthly, quarterly, half-yearly or yearly as
required by the depositor.
Ready Money Deposit A unique term deposit cum overdraft account, whereby a
minimum deposit of Rs.10,000/- enables you to withdraw upto 75% of the amount by cheque
without presentation of the deposit receipt.
Soulabhya Deposit A flexible ‘twin gain’ Deposit Scheme that allows withdrawal of
deposits in units of Rs.1,000/- each in case of need, without affecting the interest payable on
the remaining units. Minimum amount of deposit is Rs.5,000/- and in multiples of Rs.1,000/thereto.
Cumulative Deposit A monthly deposit scheme whereby a fixed amount is to be
contributed monthly for a minimum period of 6 months and a maximum of 10 years. This is
an ideal scheme to save a fixed amount for future plans such as education, buying a home etc.
Platinum Lakhpathi A recurring deposit scheme wherein a fixed monthly amount
deposited over a period of 45 months to 120 months in multiples of 15 months, becomes over
a lakh of rupees at the end of it.
Insurance linked Savings Bank Deposit Free accident insurance coverage with your
savings account! By maintaining a stipulated minimum balance in SB account, you become
entitled to free accident insurance coverage of upto Rs.2 lakh and Rs.10,000/- towards reimbursement of hospitalisation expenses arising out of accidents.
K-Flexi Deposit Savings Account that provides Fixed Deposit Interests! A facility for
all existing account holders that maximises the returns on surplus funds in the account. The
stipulated level at present is Rs.10,000/-. Whenever the balance in the SB a/c surpasses this
amount, the excess amount gets transferred to a term deposit in multiples of Rs.5,000/- for a
specified period and earns interest applicable to a term deposit of that period.
Resident Foreign Currency (Domestic) Account Foreign currency in USD, GBP and
Euros may be deposited. This account can be opened as a current account only. The account
carries no interest with it and there is no minimum amount for opening the account. Foreign
exchange acquired in the form of currency notes, travellers cheques, gifts, honorarium
received outside India, gifts received from relatives and earnings through the export of goods
and services, can be credited to this account.
NRI Services Wide range of Deposit schemes for Non-Resident Indians. It includes
Non Resident Rupee Account (NRE), Foreign Currency Non- Resident (Bank) Scheme
(FCNR[B]) and Non Resident (Ordinary) Account (NRO) with very attractive and
competitive rates. Resident Foreign Currency (RFC) (Domestic) Account for returning
Indians is also available.
Senior Citizens Deposit Scheme Respecting our elders through additional interests for
their savings and other benefits.
Contact our nearest Branch and we shall be happy discuss a savings plan that’s just
right for you and your family.