Karnataka Bank raises term deposit interest rates

4 Oct 2022 , 01:34 AM

Karnataka Bank has raised interest rates on term deposits for amount of up to Rs 10 crore across various maturity period with effect from 29 September 2022 For below Rs2 crore deposits invested for 7 days to 90 days Bank will now offer 525Percentage For the same period on deposits of Rs2 crore to Rs10 crore the revised rate will be 560Percentage For a maturity period of 1 to 2 years interest rates on below Rs2 crore deposits are increased to 640Percentage The revised rates for Rs2 crore to Rs10 crore for the same period will be 650Percentage