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Karnataka Bank raises Deposit Interest Rates

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 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 5.00 crore across all maturity slabs.