Is Karnataka Bank Safe?

Is Karnataka Bank Private?

Karnataka Bank Limited is India’s twelfth largest private sector bank.

It is an ‘A’ Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India.

Karnataka Bank Limited has a network of 862 branches, 1,026 ATMs and 454 e-lobbies/mini e-lobbies across 22 states and 2 union territories..

Which bank is best and safe?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

What is the FD rate of Karnataka Bank?

Rates of Interest on Domestic Term Deposits w.e.f. 30th November, 2020Interest rates for deposits General Public (*)Maturity PatternInterest Rate (% p.a) for Deposits below Rs.2 Crore91 days to 364 days5.201 year to 2 Years5.30Above 2 Year to 5 years5.553 more rows•Nov 30, 2020

What is minimum balance in Karnataka Bank?

The account holder with cheque book should maintain a minimum balance of Rs 1000. In the case of no cheque book, the balance should be Rs 200. If the monthly balance is not maintained, the account holder needs to pay a penalty of Rs 50.

Which is best private bank?

List of Top 10 Best Private Banks in IndiaHDFC Bank. – Advertisement – … ICICI Bank. ICICI Bank is a leading private Bank in India. … Axis Bank Ltd. … Kotak Mahindra Bank Ltd. … IndusInd Bank Ltd. … Yes Bank Ltd. … Federal Bank Ltd. … IDFC First Bank Ltd.More items…

Is Karnataka Bank safe for FD?

Karnataka Bank Fixed Deposit Rate It is considered to be a safe and reliable form of investment which provides a higher rate of interest as compared to a regular savings account. It is popular because it is low-risk and free from volatility and market risks.

Is Karnataka Bank is Nationalised bank?

On July 19, 1969 Bank Nationalised Day Came into existence, where 14 banks are nationalised by the government of india….S:No15Bank NamesSyndicate BankYear of Nationalisation1969Head Office DetailsThe Chairman Syndicate Bank, Post Box No.1, Manipal-576 119 Karnataka State.18 more columns•Jun 18, 2018

Which bank is best for FD?

IndusInd BankBest FD Interest Rates in IndiaFD TenureHighest FD RateBanks with highest FD rate1 year FD7.00%IndusInd Bank2 year FD7.00%IndusInd Bank, Jana Small Finance Bank3 year FD7.50%Jana Small Finance Bank5 year FD7.00%Jana Small Finance Bank

Which bank is best for fixed deposit in Karnataka?

Comparison of FD Rates by Top 10 Financial InstitutesNameInterest RatesTenureBank of India5.40%5 years to 10 yearsCanara Bank5.45%3 years to 10 yearsCentral Bank of India5.35%5 years to 10 yearsHDFC Bank5.50%5 years 1 day to 10 years6 more rows•Nov 3, 2020

Who is the owner of Karnataka Bank?

Shri Polali Jayarama BhatPart-Time Non-Executive Chairman, Karnataka Bank Ltd. Born on 14th November 1951, Shri Polali Jayarama Bhat is a Post Graduate in Chemistry (with First Rank) from University of Mysore. He is a Certified Associate of Indian Institute of Bankers (CAIIB). He has banking experience of over 4 decades.

Who is the CEO of Karnataka Bank?

Mahabaleshwara M. S (Apr 15, 2017–)Karnataka Bank/CEO

Is Karnataka Bank a good buy?

Karnataka Bank has a robust credit risk mechanism in place. … Accordingly, bank is rating its credit portfolio as per the criteria laid down for rating in the Loan Policy of the Bank. All in all, this is a good stock to buy for the long term.