Karnataka Bank Fixed Deposit in Indore

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.

ParticularDetails
Interest Rate3.50% - 8.25%
AmountMinimum - ₹ 1,000
Maximum - No predetermined limit
Tenure15 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 NameAddressIFSC CodeMICR Contact Details
Indore MP8 BY 2, Ground Floor, Rafael Towers, Greater Kailash Road, Old Palasia, Indore 452001, MPKARB00003524520520021800 425 1444
Indore VijayanagarGround Floor, No Df-23, Scheme No. 74-c, Near Brilliant Convention Center, Vijayanagar, Indore -452010KARB00003554520520031800 425 1444

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