Potassium (K) is one of the limiting factors that negatively influenced rice growth and yield in submergence-prone soils. We conducted an experiment during the wet season of 2014-15 to achieve optimal doses of K and understand the effect of K application on submerged rice in terms of survival, chlorophyll content, non-structural carbohydrates (NSC), anti-oxidant activities and yield. Results revealed that chlorophyll and NSC content were significantly (P≤0.05) lower whereas the activity of anti-oxidants (catalase, superoxide dismutase and total peroxidase) were significantly (P≤0.05) higher after submergence compared with pre-submergence. Further, application of K at a higher basal dose (40kgha-1) was more beneficial to improve survival after de-submergence by maintaining NSC, chlorophyll content and higher activity of anti-oxidants with lower level of lipid peroxidation. Furthermore, results showed superiority of the treatments having application of higher doses with one foliar spray (T9-40kg K2O ha-1 (basal)+one foliar spray at 0.5% K at panicle initiation (PI) stage) for grain yield. We conclude that application of a higher dose of K with one foliar application at PI stage is more beneficial to enhance plant survival, better recovery and yield gain of rice during complete submergence.