Karnataka Bank raises Deposit Interest Rates

Karnataka Bank has raised interest rates on its Domestic and NRE Rupee term deposits by 10 basis points. Interest on Domestic and NRE Rupee term deposits for a period of 1 year to 2 years now stands revised to 7.40% from 7.30% per anum [for deposits upto 10 crores] representing a hike of 10 basis points. The above rates are effective from 29-09-2018.

Further, Resident Senior Citizens are eligible for additional 0.50% per anum interest over the General rate for term deposit upto 5.00 crore across all maturity slabs.