With effect from 27 June 2018
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 7.25% to 7.35% [for deposits upto Rs 10 crore]. The above rates are effective from 27 June 2018.Further, Resident Senior Citizens are eligible for additional 0.50/o interest over the General rate for term deposit up to Rs 5.00 crore across all maturity slabs.
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