Mangaluru, June 1, 2018: Karnataka Bank has raised its interest rates on its Domestic and NRE Rupee term deposits. 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% (for deposits upto Rs. 10 crores) representing a hike of 15 basis points. The above rates are effective from 31-05-2018.
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.