Karavali

Karnataka Bank raises Deposit Interest Rates

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Mangalore, Nov. 7: 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 up to  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%.

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