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Karnataka Bank raises term deposit interest rates

Mangalore Today News Network

Mangaluru, June 01, 2018 : Interest on Domestic and NRE Rupee term deposits for a period of 1 year to 2 years stands revised to 7.25% from 7.10%  representing a hike of 15 basis points. The above rates are effective from 31-05-2018.

kb 1 jun

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.