"Executive magistrate Sri Rama Reddy granted bail to my client and asked him to deposit two surety bonds of Rs 100,000 each for his release from jail," said his advocate Muddu Malai.
Nithyananda was taken into preventive custody on Thursday after he was remanded to a day's judicial custody.
Nithyananda is already facing criminal charges that allege complaints of rape from some of his devotees. He was reportedly absconding from his Bidadi Ashram.
Chief Minister DV Sadananda Gowda had ordered his arrest after a foreign national alleged that she was sexually abused at the hands of Nithyananda.