Biznextindia : Karnataka Bank has hiked its Term Deposit interest rates for amounts up to 10 Crore, across various maturity periods.
For below Rs.2.00 Crore deposits invested for 7 days to 90 days, Bank will now offer 5.25%. For the same period, on deposits of Rs.2 Crore to Rs.10 Crore, the revised rate will be 5.60%. For a maturity period of 1 to 2 years, interest rates on below Rs.2 Crore deposits are increased to 6.40%. The revised rates for Rs.2 Crore to Rs.10 Crore for the same period will be 6.50%. This revised interest rates will be effective from September 29, 2022.