Karnataka Bank Fixed Deposit in Indore
Last Updated : April 25, 2017, 6:30 p.m.
About Karnataka Bank Fixed Deposit Indore
It is a known thing that you have to save if you wish to have a secured future. We can’t predict when a financial emergency can come to our doors. A fixed deposit is an essential medium of investment which can be used to generate returns on our money. Karnataka Bank allows people in the city of Indore to avail a Fixed deposit scheme of their choice. All they have to do is invest a particular sum of money for a specified period of time. Once the term period expires, the complete amount is credited back to the holder along with the interest. Karnataka bank has opened up two branches in the city of Indore.
Karnataka Bank Fixed Deposit Indore at a glance
The essential details about the product offered by Karnataka Bank have been given below.
| Particular | Details |
|---|---|
| Interest Rate | 3.50% - 6.20% |
| Amount | Minimum - ₹ 1,000 Maximum - No predetermined limit |
| Tenure | 15 days - 10 years 7 days - 14 days only on single deposit of ₹ 5 lakhs & above |
Eligibility criteria for Karnataka Bank Fixed Deposit Indore
The applicants who are eligible to open a fixed deposit account with the bank include-
- An individual
- Hindu United Family
- Associations/Clubs
- Joint Stock companies
- Firms
- Sole Proprietary concerns
- Guardians for minor children
A fixed deposit account can be opened jointly too. The maximum number of people allowed is four.
Documents required for Karnataka Bank Fixed Deposit Indore
The list of important documents for opening a fixed deposit account with the bank has been given below.
- A colored photograph
- Proof of Identity- Aadhar card/ PAN card/ Voter ID card/ Passport/ Driving License
- Proof of Address- Passport/ Ration Card/ Electricity bill/ Water bill/ Rent and Lease agreement/ Telephone bill
Documents required from the trust, association/ clubs-
- Photographs of the member operating the account.
- A Copy of the Trust Deed/ Bye- laws of the association.
- A Copy of registration certificate.
- A Copy of the resolution of trustee authorizing the member to operate and open the accounts
Check out Fixed Deposit Indore for extra details.
Address of Karnataka Bank branches in Indore
The complete list of Karnataka Bank branches in the city has been given here along with the address, contact details and IFSC & MICR codes.
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Indore MP | 8 BY 2, Ground Floor, Rafael Towers, Greater Kailash Road, Old Palasia, Indore 452001, MP | KARB0000352 | 452052002 | 1800 425 1444 |
| Indore Vijayanagar | Ground Floor, No Df-23, Scheme No. 74-c, Near Brilliant Convention Center, Vijayanagar, Indore -452010 | KARB0000355 | 452052003 | 1800 425 1444 |