Karnataka Bank Mumbai - Main Branch, IFSC Code, Rates March 2024

Karnataka Bank Mumbai

About Karnataka Bank

Karnataka bank Has been set up in the year 1924, the pre-independence era. It was the result of the patriotic zeal and enthusiasm that was profound during the early 20th century. It is one of the banks which was formed by the contribution by several lawyers and businessmen. The bank has been operational for more than 9 decades and is still growing rapidly. IT has spread its network in almost 21 states and 2 union territories of the country. It has around 743 branches that serve the different strata of people in the society. There are 7,669 employees who have put all their efforts to reach the feat that the bank is still moving rapidly and effortlessly.

The bank gives its customer unique experience of banking by treating each customer unique and differently. It gives special attention to all the clients as each one has different requirements and needs. It gives special attention regardless the amount and size of the business. It has seen the changes in the economic scenarios and the lifestyle changes as well. It has modified its products and services that can support the current requirements of the customers. The bank has taken the special care to deploy the best and latest technology so that the customer can enjoy the non-stop banking facilities. It is the bank which has the core banking system along with the disaster recovery center. It shows the dedication of the bank to provide the quality service at all levels. The banks want to be the most trusted and customer centric bank among the galaxy of banks present as the competitor.

Address of Karnataka Bank Branches in Mumbai

Branch NameAddressIFSC CodeMICR Contact Details
Fort Mumbai294 A, Haroon House, Perin Nariman Street, Behind R B I, Fort, Mumbai 400001KARB00000794000520021800 425 1444
Borivli West MumbaiLIC Shopping Complex, Jeevan Bima Nagar, Borivili W , Po Mandapeshwar, Mumbai 400103KARB00000814000520031800 425 1444
Sion East Mumbai239 A, Tamil Sangam Road, Sion East , Mumbai 400022KARB00000854000520071800 425 1444
Bandra West MumbaiPLOT NO333 By 334, Prem Sagar Chs Ltd, Dr Ambedkar Rd, Bandra W , MUMBAI 400050KARB00000864000520061800 425 1444
Andheri West Mumbai1ST Floor, Manish Nagar Shopping Centre, Azad Nagar Po, Mumbai 400053KARB00000914000520041800 425 1444
Kandivali West MumbaiB By 13, Matru Ashish, Next To Balbharati, Sv Road, Kandivali 400067KARB00000934000520051800 425 1444
Overseas Mumbai104106 , 1st Floor, Embassy Centre, Jamnalal Bajaj Marg, Nariman Point, Mumbai 400021KARB00001014000520091800 425 1444
Bhayander East MumbaiShop No12, Ostwal Ornate, Jesal Park Road, Bhayander E 401105, Thane DistKARB00001064000520101800 425 1444
Dombivli Mumbai1st Floor, Shree Complex, Opp Mahavir Nagar, Manpada Road, Dombivli East 421201KARB00001934000520121800 425 1444
Kalyan MumbaiNH 83, Suchak Chambers, Near Mahaveer Complex, Pb250, Kalyan West 421301 Thane DistKARB00004274000520081800 425 1444
Mumbai - Vazira Naka, Borivli (W)Ground Floor, Donbosco High School Building, Vazira Naka, Borivali (W), Mumbai - 400091KARB00005094000520211800 425 1444
Kandivali East MumbaiGayatri Corner, 90 Feet Road, Asha Nagar, Opp Thakur Polytechnic, Kandivli East , Mumbai 4KARB00005104000520131800 425 1444
PowaiGround Floor, Gateway Plaza, Central Avenue, Hiranandani Gardens, Mumbai Powai 400076KARB00005124000520141800 425 1444
Oshiwara Mumbai20 21, Oshiwara Link Plaza, Mhada Complex, Oshiwara, Jogeshwari W 400102, Dist OshiwaraKARB00005144000520151800 425 1444
Kopar Khairane Navi MumbaiLions Service Centre, Plot No 101, Sector 7, Koparkhairane, Navi Mumbai 400709KARB00005154000520161800 425 1444
Thakur Village MumbaiShop No34 39, Evershine Complex, Thakur Village, Kandivli E , Mumbai 400101KARB00005164000520171800 425 1444
Santacruz MumbaiRose Manor Garden School Central Avenue Santacruz Mumbai 400054KARB00005184000520191800 425 1444
Mulund WestGround Flr, Mundada Hostel , Building, Near BMC T Ward Office, Devidayal Road, Mulund WestKARB00005204000520201800 425 1444
Service Branch MumbaiP.B.NO. 1128, 5th Floor, Vardhaman Chambers, 17 - G, Cawasji Patel Street, Fort, Mumbai - 400001KARB00001024000520011800 425 1444

Products Offered by the Karnataka Bank in Mumbai

Karnataka bank has different products and services that are required to give the best solution for the financial problems and requirements. The bank offers the loan products like the home loan, personal loan, loan against property, car loan, education loan, gold loan, and business loan. It also has other banking facilities like insurance, deposits, mutual funds and much more to solve the financial problems. You can avail the products and services as per the requirements. So, it gives you the chance to increase your money through investment and the funds at the time of requirement providing the total solution to the people.

Basic details about Karnataka Bank products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be at least 21 years and above.

Salaried individuals, Self- employed, Agriculturist and Non- Resident Indians are eligible.

Loans for Purchase of House site, Renovation, Construction of house, Furnishing the house.

For Indian Residents:
Minimum monthly income for Salaried individual is ₹ 10,000.
Minimum annual gross income for others is ₹ 1,20,000.

For NRI:
Minimum monthly income for salaried individual is ₹40,000.
Minimum annual gross income for others are ₹ 4,80,000.
60 times of the monthly net salary or 5 times of the current year net income or maximum up to ₹5 crore for purchase or construction of house.

Up to ₹30 lakh for renovation.

Up to 80% of the registration value of the site or maximum of ₹50 lakh for purchase of housing site.

Up to 75% of the estimated cost of asset for the re-furnishing of the house.
9.08% - 10.35%As per Bank’s guidelinesUp to 30 years for purchase or construction of house.

Up to 7 years for renovation/extension/repair/remodeling.

Up to 120 months for furnishing house.

Up to 60 months for the purchase of housing site.
Personal LoanThe age of the applicant should be between 21 years and above.

The applicant should be resident of India.


The minimum net monthly salary should not be less than ₹ 10,000 per month for the salaried Individual
For the self- employed businessmen or professionals the minimum annual net income should be ₹ 1.2 lakh.
Up to 24 times of the net monthly salary for the salaried individuals or 2 times of the average annual income for others.

Minimum of ₹ 1 lakh up to maximum of ₹ 25 lakh
13.49%As per Bank’s guidelinesUp to five years
Car LoanEligible Segments - Individuals, professionals, reputed firms and companies, and Non- Resident Indians.

The age of the applicant should be 21 years and above.

Any individual filing the income tax returns can apply.

Agriculturist who own the agricultural properties.
85% of the road price including all taxes or maximum of ₹ 75 lakh for new vehicle.


Maximum amount up to ₹ 20 lakh for the used vehicle.
7.50% OnwardsAs per Bank’s guidelinesFor new vehicles - 84 months.


For used vehicles- 34 months
Loan Against PropertyEligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company, Non- Resident Indians.

Should be of age between 21 years and above.

For Indian residents:
Minimum monthly income is ₹10,000 for salaried individuals and annual gross income for others is ₹ 1.20 lakh.
For NRI:
Minimum monthly income for salaried individual is ₹ 1 lakh and annual gross income for others is ₹ 12 lakh.
36 times of the take home salary for salaried individual or 3 times of the average annual income of last 2 years or 50% of the market value of the property.

Minimum amount of ₹3 lakh to maximum up to ₹ 50 crore.
12.20%- 13.20% p.a.As per Bank’s guidelinesUp to 120 months
Education LoanStudents are applicable.


Any minor or major student represented by Parents/ guardians of Indian nationality.

Any students securing admission to a professional/ technical/ other courses in Indian or foreign institution.
Up to ₹ 10 lakh for study in India.

Up to ₹ 20 lakh for study in abroad.
10.60%- 13.95% p.a.As per Bank’s guidelines.Moratorium: course period + 1 year 0r 6 months after getting the job.


From 5 to 7 years from the commencement of the moratorium period.
Business LoanAll micro, small, and medium enterprises.

Any enterprises engaged in manufacturing/ processing/ packaging/ preservation of goods and providing or rendering of services.

Any enterprise conforming to the norms of MSMED Act,2006 and is established according to the definition of MSME.
Up to ₹ 5 crore.

For purchase of vehicle- Up to ₹ 1 crore
10.20% - 13.95%As per Bank’s guidelines.Working capital Up to 34 months.


Term loan up to 60/ 84 months
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
3.50% - 6.20%15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

The documents required for the different products by Karnataka bank Mumbai are mentioned in the table below:

ProductsDocuments Required
Home LoanLoan Application with passport size photograph of applicant / guarantor
Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Signature proof- Passport/ PAN Card
Processing fee cheque
Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect
Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Last 3 months Salary Certificate and Form No.16/ITR for last 3 years (in case of salaried persons)
IT Returns filed for the past three years (in case of non-salaried persons)
Educational qualification certificate and the Proof of business existence (in case of self-employed businessmen or professionals)
Balance Sheet and P&L Account for the past three years (in case of self-employed businessmen or professionals)
Personal LoanLoan Application with passport size photographs
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Latest 3 months Salary Certificate and Form No.16 ( for the salaried individual)ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed)
Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited)For the self- employed: latest 6 months bank statement/ passbook (current account)
For the self- employed: Proof of Qualification, Proof of continuity of business or profession.
Car Loan1 passport size photograph
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months.
Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual)
Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company.
Loan Against PropertyDuly filled Loan Application with passport size photographs - 2 copies each
Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Signature Proof: Passport/ PAN Card.
Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual)
Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA.
Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals)
Processing Fee cheque
Property related documents: All the title related documents of the property that you wish to mortgage for loan.
Education loanDuly filled application with recent photographs.
Proof of residence – Passport/ Utility bill/ Allotment letter.
Date of Birth proof
Certificate of Domicile
Fee particulars from school/ college
Scholarship proof
Study Certificate
Business loanI.T.R. - 2 Years, Balance Sheet and Profit & Loss Account
Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations
Latest 6 months Bank statement of Business.
Proof of Identity
Proof of Residence
Fixed Deposit2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%