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karnataka bank

karnataka bank
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In India, Karnataka Bank Limited offers both personal and business banking goods and services. Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations make up the bank's four business segments. It accepts savings and current accounts, cash certificates, cumulative and fixed deposits, non-resident rupee accounts, regular non-resident accounts, and foreign currency accounts. It also provides loans for cars, homes, schools, mortgages, MSMEs, women entrepreneurs, gold, and other items, as well as loans secured by property.

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Loans offered by karnataka bank

karnataka bank LoansInterest RateProcessing FeeLoan Amount/Tenure
Personal Loan

11.32%

0.5%

Up to ₹50L

Tenure(Up to 5 Years)

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Features and Benefits of Karnataka Bank

Karnataka Bank is well-known for its outstanding service. It is the most widely known savings account bank. Karnataka Bank provides the following substantial features and functionalities:

  • Favourable Interest Rates: Whether you choose loans, deposit accounts, or any other type of service, the bank will provide you with an attractive rate of interest.
  • Less Documentation: If an individual holds a savings account with the bank, they can apply for loans and open bank deposits with limited paperwork.
  • Rapid Loan Disbursement: Karnataka Bank is well-known for its quick loan approvals and disbursement. The only thing candidates must ensure is that they possess the necessary documents at the time.
  • Government Initiatives: Public Provident Fund(PPF), Pension Records, National Pension Scheme (NPS), Sukanya Samriddhi Scheme, and Senior Citizen Savings Plan are among the government projects available to the bank's clients.
  • Customisable Debt Repayment Tenures: Karnataka Bank provides a flexible debt repayment duration of up to 10 years, allowing you to select a debt repayment tenancy that meets your requirements.

Karnataka Bank Overview

The Karnataka Bank Limited headquarters are in the town of Mangaluru, Karnataka, India. This is a top-ranked private-sector bank with a customised range of services and products to meet the requirements of clients from various markets, exchanges, and personal and business requirements. It provides great deposit and borrowing options to ensure a simple and smooth banking customer experience. It also provides valuable assistance in international transactions and maximises returns on surplus funds.

In 1924, Karnataka Bank Limited was designated as a Planned Commercial Bank. After more than 85 years in the Indian banking industry, the bank has earned the trust of its clients which has assisted it in developing connectivity of 458 divisions in 20 Indian states and two Union Territories.

Currently, the bank employs more than 4,900 people. It has 3.7 million users and 71,822 stockholders in India.

Products offered by Karnataka Bank

Karnataka Bank provides a range of services and products, as well as a few programmes. The following are the specifics:

Personal Banking

The Personal banking product is further subdivided into various types:

  • Saving accounts 
  • Current accounts 
  • ATMs of money plant
  • Products of deposit

Loans

These products have the minimum risk factors because they are backed by the Government of India. As a result, investing in such strategies is the most secure choice you have. Karnataka Bank schemes include:

  • Loan Scheme: Vidyanidhi Education
  • Scheme for finance car
  • Home loans for Apna Ghar
  • Varthak loans
  • Scheme for salaried persons
  • Easy ride 
  • Udyog Mithra
  • Krishi card
  • K-Power
  • Niveshan loans

Banking for Business

Karnataka Bank offers a wide range of banking for business, namely:

  • Finance for working capital
  • Loans term
  • Finance for Infrastructure
  • Fund/Non-fund based for Business Finance

Insurance Services

Various types of insurance services are as follows:

  • Life insurance: MetLife India Insurance Co. Pvt. Ltd.
  • General Insurance: Universal Sompo General Insurance Co. Ltd.

Services offered by Karnataka Bank

Karnataka Bank provides its customers with various services to ensure the smooth implementation of banking-related operations.

Phone Banking

Phone banking is a telephonic gateway that offers 24*7 service. A client can access the IVR (Interactive Voice Response) system or speak with one of the bank's executives directly.

Mobile Banking

Users can manage their financial records anytime and from wherever they want with the assistance of the smartphone app. They can review their bank records or make a payment while at work or commuting.

Internet Banking

Karnataka Bank's internet banking service provides its customers with 24*7 connectivity to digital banking. All your financial transactions can be performed from your own home or office, such as banking information, bank deposit details, online guidelines, queries, payment services, and other merchant fees.

Facility of Locker

Users can keep their pieces of jewellery, files, and valuable items safe. In addition, lockers are obtainable at 775+ locations all over the country, along with small, medium and large sizes available to meet your needs. Moreover, locker rentals are competitive according to the location and locker size. Locker rent can be paid conveniently using rules from your Karnataka Bank account and nominations are also accepted.

E-filing

Karnataka Bank has a tie-up for the E-filing of IT returns with clear tax. ClearTax E-Filing is a simple, easy, and secure gateway. It allows you to file your annual IT Returns. The objective of the partnership with ClearTax is to meet clients' comfort with financial services.

Karnataka Bank Corporate office Details with Contact Numbers and Email ID

Corporate Office Address of Karnataka Bank: Karnataka Bank Limited, Mahaveera Circle, Kankanady, Mangaluru-575 002 Karnataka State

Contact Numbers

Phone: 0824-2228222

Fax: 0824-2228284

Customer Care Number: 1800 425 1444

Email ID: www.karnatakabank.com

FAQs

From refinancing to reducing your interest, we have the answers right here.

What is the interest rate of Karnataka bank?

For one year to two years, the interest rate of Karnataka Bank for deposits below ₹ 2 crore is 6.40, and from ₹ 2 crore and up to ₹ 10 crore is 6.50.

Where is Karnataka Bank's head office?

Karnataka Bank’s head office is situated in Mahaveera Circle, Mangaluru in Karnataka.

Who is the founder of Karnataka Bank?

B. R. Vysaray Achar is the founder of Karnataka Bank.

How many branches of Karnataka Bank are there in India?

Karnataka bank has 883 branches within 22 states along with two Union Territories in India.

Who is the CEO of Karnataka Bank?

Mahabaleshwara M. S is the CEO of Karnataka Bank.

Is Karnataka Bank under RBI?

Yes, the Reserve Bank of India (RBI) has appointed Karnataka Bank to operate as an ‘Agency Bank’ to perform transactions.

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