NewsKarnataka-Media Release
Mangalore:Karnataka Bank has raised its interest rates on domestic deposits by 25 basis points across various maturities effective from 07-11-2013.
The revised interest rate for domestic deposits of 121 days to 180 days stands revised to 8.00%, 181 days to 364 days to 8.50%, 1 year to 2 years to 9.50% [9.25% for deposits of above 5 crores], above 2 years to 3 years to 9.25% [9.00 % for deposits of above 5 crore], above 3 years stands revised to 9% [For deposit
upto 5 crore only].
Further, Resident Senior Citizens are eligible for additional 0.50% interest over and above the aforesaid rates. For NRE Rupee term deposits 1 to 2 years 9.50%, above 2 years to less than 3 years 9.25%, 3 years to 5 years 9.75%, above 5 years to 10 years 9.50%.