KARNATAKA BANK LIMITED

 

Interest Rates and Service Charges Rates at a Quick Glance

 

(As per format prescribed by RBI/2008-09/166 DBOD.No.Leg.BC.42 /09.07.005/2008-09 dated 12-09-2008)

 

Rates at a Quick Glance as on 01-01-2012

 

Deposit Accounts

 

Interest Rates on Term Deposits – Domestic, NRE and FCNR

Nature

Rate of Interest (% p.a.)

Minimum Balance

 

Rural

Semi Urban

Urban

Metropolitan

1. Savings Bank A/c ( including NRE & NRO A/c)

a. With cheque book facility

 

Rs.1,000/-

 

b. Without cheque book facility

Rs.200/-

2.No frill SB Account

Rs.50/-

Rs.100/-

Rs.150/-

 

Rs.200/-

 

 

Rate Of Interest of Savings  Bank A/c (Including NRE & NRO A/c)

 

A/c’s having Day-end Balance upto and including Rs. 2,00,000

 

4.00(w.e.f 01.05.2012)

 

A/c’s having Day-end Balance above    Rs. 2,00,000

 

5.00(w.e.f 01.05.2012)

3. Term Deposits W. E. F. 02.08.2011

 

A. Domestic

General

Senior Citizens

(For FD and ACC only)

For Deposits up to & inclusive of Rs. 5 crore

For Deposits of above Rs. 5 crore

For Deposits up to & inclusive of Rs.2 crore

For Deposits of above Rs. 2 crore upto & inclusive of Rs. 5 crore

For Deposits of above Rs. 5 crore

7 days to 45 days

3.50

3.50

4.00

3.50

3.50

46 days to 90 days (w.e.f. 07-03-2012)

5.50

5.50

5.50

5.00

5.00

91 days to 180 days (w.e.f. 07-03-2012)

8.00

8.00

8.25

7.75

7.75

181 days to 364 days

8.50

8.50

9.00

8.50

8.50

1 year to 2 years

9.75

9.75

10.25

9.75

9.75

Above 2 years to 3 years

9.50

9.50

10.00

9.50

9.50

Above 3 years to 5 years

9.50

- 

10.00

9.50

- 

Above 5 years

9.25

--

         9.75

9.25

--

B. NRE Account W.E.F. 01.02.2012

One year & above but less than 2 years

9.75

2 years & above but less than 3 years

9.50

3 years & above, but less than 5 years

9.50

5 years & above, upto10 years

9.25

C. FCNR(B) Accounts W.E.F. 05.05.2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period

USD

GBP

EUR

CAD

AUD

JPY

CHF

SEK

1 Year Only

3.05

3.86

3.30

4.05

6.95

2.55

2.39

4.83

Above 1 year but less than 2 Years.

3.05

3.86

3.30

4.05

6.95

2.55

2.39

4.83

2 years and above but less than 3 Years.

2.56

3.38

2.95

3.69

5.70

2.35

2.22

4.03

3 Years and above but less than 4 years

3.67

4.47

4.07

4.81

6.76

3.36

3.27

5.07

4 years and above but less than 5 Yrs

3.88

4.58

4.25

4.92

6.99

3.38

3.37

5.13

5 years only

4.11

4.70

4.45

5.03

7.09

3.43

3.49

5.20

 

 

Loans

 

Current Base Rate:11.00% p.a(w.e.f. 03.08.2011)

 

[Bank is Offering loans on Floating rates of Interest only w.e.f.18.07.2011]

 

Loans

Interest rates (W.E.F. 03.08.2011)

 

Processing Charges

1. Housing Loan

(KBL-Apna Ghar & Scheme for NRIs)

Upto Rs.25 Lakh

Above 25 Lakh and Upto Rs.50 Lakh

Above 50 Lakh and Upto Rs.100 Lakh

0.25% with a minimum of Rs 250.00

 

BR+0.25%

BR+0.75%

BR+1.75%

2. Personal Loans

a. Consumer Durable Loans

BR+5.00%

0.25% with a minimum of Rs 250.00

b. Senior citizen Loan Scheme

No such scheme

 

c. Personal Loan Scheme

BR+6.50%

0.50% with a minimum of Rs 250.00

 

3. Vehicle Loan

a. Two wheeler loans (KBL-Easy Ride)

Maximum Rs.1 lakh(New Vehicles Only)

0.25% with a minimum of Rs 250.00 + Up front asset verification/inspection charges of Rs 250.00.

BR+1.75%

b. Other vehicle Loan

(KBL MSE Scheme-Normally with CGTMSE Cover)

New-Up to Rs.5.00 lakh

BR+1.75%

0.25% with a minimum of Rs 250.00 + Up front asset verification/inspection charges of Rs 1000.00.

 

 

New-Above Rs.5.00 lakh and up to Rs 25.00 lakhs.

BR+2.75%

New-Above Rs.25.00 lakh and up to Rs 100.00 lakhs.

BR+3.75%

Old vehicles-max. Rs 100.00 lakhs.

BR+4.75%

Without CGTMSE

New Vehicles(Max upto Rs 100 lakhs)

Old Vehicles(Max  Rs 100 lakhs)

 

BR+3.75%

BR+.75%

c. Cars Loans(KBL Car Finance)

New Cars-Max upto Rs 50 Lakh

 BR+1.75%

0.25% with a minimum of Rs 250.00 + Up front asset verification/inspection charges of Rs 1000.00.

For Old Cars (Max Rs 20 Lakh)

BR+4.25%

4. Educational Loans (repayable in 5 to 7 years after commencement of repayment)

Up to Rs  4 Lakhs

BR+3.50%

-NIL-

Girls - up to Rs. 4 lakhs

BR+3.00%

Above Rs. 4 lakhs

BR+4.50%

Girls - above Rs. 4 lakhs

BR+4.00%

 

Charges (Excluding Applicable Service Taxes)

 

PARTICULARS

REVISED RATES

 

 

 

 

Account Holder

Non  Account Holder

 

 

 

REMITTANCES

 

 

 

 COMMISSION FOR DEMAND     DRAFTS

 

 

 

Rs.2/- per 1000/- with a Min. of Rs.15/-

 

Senior Citizen Min. Rs.10/-

 

Rs.2.50/- per Rs.1000 with a Min. of Rs.30/-

 

 

 

 COMMISSION FOR – RTGS

     Rs.2 lakhs  to 5.00 lakh

     Above Rs.5 lakhs

 

 

Rs.25/-

Rs.50/-

 

 

Not Applicable

 

 

 

 

 

 COMMISSION FOR – NEFT

     UPTO Rs.1 Lakh

     Above Rs.1 lakh to Rs.2 lakhs

     Rs.2 lakh & Above

 

 

 

Rs.5/-

Rs.15/-

Rs.25/-

 

 

Rs.5/-

Rs.15/-

Rs.25/-

 

 

 

 

COMMISSION FOR LOCAL DD

 

     

 

Rs.1.50/- per Rs.1000/- with a min. of Rs.15/- & Max. Rs.7500/-

 

Senior Citizen Max. Rs.6000/-

 

Rs.2/- per Rs.1000/- with a Min. of Rs.20 & Max. of Rs.10000/-

 

 

 

 
MAIL TRANSFER ISSUE

 

Note:

1)      MT upto Rs.5,000/- per day for credit of SB a/c

2)      MT for credit of Term Deposits, CD, Transfer / renewal of deposits

3)      MT for credit of loans towards remittances of installments

MT in respect of amount to be remitted by Mandi Merchants to areca nut growers

 

 

Rs.1/- per 1000/- Min. Rs.10/- Max.

 

Rs.50/- (Including Senior Citizen)

 

 

 

Free

 

 

Free

 

 

Free

 

 

Rs.30/- per remittance

 

 

 

Rs.1.50 per 1000 Min. Rs.15/- Max. Rs.50/-

 

For Senior Citizen Min. Rs.10/- Max. Rs.50/-

 

 

COLLECTIONS

 

 

COMMISSION FOR – BILLS COLLECTION – (IBC)

 

 

Rs.4/- per Rs.1000/-

 

Min. Rs.25/-

 

Max. Rs.7500/-

 

 

IBC – RETURN CHARGES

 

 

 

50% of Commission as per Sl. No.6 above with

 

Min. Rs.50/-

 

Max. Rs.3500/-

 

 

 

 

 

COMMISSION FOR OUTSTATION CHEQUE COLLECTION (OBC) (Including fast collection)(w.e.f 01-04-2011)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMMISSION FOR OUTSTATION CHEQUE COLLECTION FOR CHEQUE DRAWN ON OUR BANK BRANCH (w.e.f 15-10-2011)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 SPEED CLEARING (w.e.f 15-10-2011)

 

Service Charge from Savings a/c customers:

Upto and inclusing Rs.5000  :- Rs.25^

Above Rs.5000 and upto and including Rs.10,000  :- Rs.50^

Above Rs.10,000 and upto and including Rs.1,00,000  :- Rs.100^

Above Rs.1,00,000  :- Rs.2 per 1,000 or part thereof.Min.Rs.200 max.Rs.50,000

 

Service Charge from Other a/c customers:

Upto and inclusing Rs.5000  :- Rs.50^

Above Rs.5000 and upto and including Rs.10,000  :- Rs.100^

Above Rs.10,000 and upto and including Rs.1,00,000  :- Rs.200^

Above Rs.1,00,000  :- Rs.3 per 1,000 or part thereof.Min.Rs.200 max.Rs.50,000

 

^All inclusive maximum amount chargeable by branches to the customers(Other than Service Tax).

---------------------------------------------------------------

 

Service Charge from Saving a/c customers:

Upto and inclusing Rs.5000  :- Rs.25^

Above Rs.5000 and upto and including Rs.10,000  :- Rs.50^

Above Rs.10,000 and upto and including Rs.1,00,000  :- Rs.100^

Above Rs.1,00,000  :- Rs.150^

 

Service Charge from Other a/c customers:

Upto and inclusing Rs.5000  :- Rs.50^

Above Rs.5000 and upto and including Rs.10,000  :- Rs.100^

Above Rs.10,000 and upto and including Rs.1,00,000  :- Rs.200^

Above Rs.1,00,000  :- Rs.250

 

^All inclusive maximum amount chargeable by branches to the customers(Other than Service Tax).

---------------------------------------------------------------

 

Service Charge from Saving a/c customers:

Upto and inclusing Rs.5000  :- Nil

Above Rs.5000 and upto and including Rs.10,000  :- Nil

Above Rs.10,000 and upto and including Rs.1,00,000  :- Nil

Above Rs.1,00,000  :- Rs.1 per 1,000 or part thereof.Min.Rs.100 Max.Rs.1,000

 

Service Charge from Other a/c customers:

Upto and inclusing Rs.5000  :- Rs.40^

Above Rs.5000 and upto and including Rs.10,000  :- Rs.75^

Above Rs.10,000 and upto and including Rs.1,00,000  :- Rs.150^

Above Rs.1,00,000  :- Rs.1.50 per 1,000 or part thereof.Min.Rs.150 Max.Rs.2,500

 

^All inclusive maximum amount chargeable by branches to the customers(Other than Service Tax).

 

Miscellaneous Services

 

 

 

 

OBC – RETURN CHARGES                                

 

 

 

 

 

 

1. Local Cheque:

 

Rs.15/- per cheque.

 

2. Outstation Cheque:

 

 50% of as per Sl. No.8 above with a minimum of Rs.50/- + Other Bank Charges.

 

3. Clearing Inward:

a)       Handling charges at the rate of Re.1/- per Rs.1000/- of the amount of the instrument returned, or part thereof, subject to a Min. of Rs.50/- for SB a/c and Rs.100/- for Current and OD a/cs.

b)      The charges at the above rate have to be collected on all instruments received in clearing, but returned dishonored for want of funds, or any reason attributable to the drawer thereof, irrespective of whether they are drawn on SB, Current or Overdraft accounts at the Branch.

4. Clearing Outward:

a)      If the proceeds of instruments sent in outward clearing were credited to SB a/c and current a/c, handling charges of Rs.25/- and Rs.50/- per instrument respectively need to be collected at the time of return.

b)      If the proceeds of instruments sent in outward clearing were credited to Over Draft a/c, handling charges at the rate of Re.1/- per Rs.1000/- (or part thereof) of the amount of the instrument returned by the drawee banks, subject to a Min. of Rs.50/- in case the instrument was returned on the next day or later from the date of credit. If in the above case, the instrument was returned on the same day as that of credit to the account, only handling charges of Rs.50/- per instrument need be collected.

 

 

 

 

CHARGES FOR CANCELLATION / ISSUE OF DUPLICATE AND REVALIDATION CHARGES (DDs AND POs)

 

 

Rs.50/- per instrument

 

 

 

 

 

 

 MICR CHEQUE

 

Rs.3/- per cheque leaf at the time of issue of MICR cheque book.

 

However for SB a/cs of individuals 3 cheque books of 25 leaves each will be free in a calendar year.

 

 

ISSUE OF NO OBJECTION, NO DUE / BALANCE / INTEREST CHARGED / CHEQUE HONOURED / ACCOUNT MAINTAINING ETC.)

 

 

Rs.100/- per certificate

 

 

No Due Certificate issued to the parties for availing loans other than under Govt. sponsored schemes from other Banks (w.e.f 01-08-2011)

 

Rs.25/-(Including Service Tax)

 

 

CREDIT INFORMATION TO CUSTOMERS (W.E.F 01-08-2011)

 

Rs.50/-

 

 

Technology Products Service Changes

 

 

 

INTERNET BANKING

 

SMS ALERTS (Other than MBB Accounts)

 

 

INTERNET BANKING PASSWORD RESET

 

 

Free

 

Internet Banking Customer Rs.1/- per alert and for other customers Rs.2/- per alert.  

 

Rs.100/- per Reset of Internet Banking Password (with effect from 01/09/2010)

 

 

 

ECS SERVICES (w.e.f 01-04-2011)

 

For Registration Mandate

 

RETUERN CHARGES FOR ECS

 

For Saving Account

 

For Current/OD Accounts

 

 

Rs.100^

 

 

 

Rs.50^

 

Return Charges for ECS at the rate of Rs.1/- per Rs.1000/- of the amouunt of ECS returned or part thereof,subject to a Min.of Rs.100/- for Current and ODa/cs.

 

^All inclusive maximum amount chargeable by branches to the customers (Other than Service Tax)

 

 

ATM RELATED

 

Card Issue

 

Card Replacement

 

Annual Fee

 

 

Free

 

Rs.200/-

 

NIL

 

 

 

ATM Transaction Charges (w.e.f 01-07-2011)

 

Own ATM

 

VISA outlets / Other Banks ATMs for Cash withdrawal/Balance enquiry

 

 





 

International

 

Financial

 

Non Financial

 

 

Free

 

For Savings Bank customers:
Free upto 5 transactions (including cashwithdrawal/balance enquiry)per calendar month and above that charges @ Rs.20/- (incl of tax) per transaction will be levied. The maximum cash withdrawal limit is Rs.10,000/- per transaction and minimum is Rs.100/-.
For Current Account customers:
No Free limit.
All transactions will be charged @Rs.20/- (incl of tax). The maximum cash withdrawal limit is Rs.10,000/- per transaction and minimum is Rs.100/-

 

 

Rs.100/- + tax

 

Rs.25/- + tax