Karnataka Bank raises Deposit Interest Rates

Deepthi | Myequity news | Date : 28-12-2018 18:10:00 IST

Karnataka Bank has raised interest rates on its Domestic and NRE Rupee term deposits by 10 basis points for a period of 1 year to 2 years with a hike in interest rate from 7.40% to 7.50% [for deposits upto INR 10 crores]. The above rates are effective from 28-12-2018. Further, Resident Senior Citizens are eligible for additional 0.50% interest over the General rate for term deposit upto Rs. 5.00 crore across all maturity slabs.

About Karnataka Bank Limited:

The Karnataka Bank Limited is a scheduled commercial banking institution based in Mangaluru in Karnataka, India. Karnataka Bank Limited has adopted Core banking, Internet banking and has established its "MoneyPlant" system across the country.

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