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Karnataka Bank has increased interest rates on domestic term deposits on two slabs with effect from January 30.
According to a press release by the bank, interest rate on domestic term deposits for a period of one year to 449 days and for 451 days to two years has been increased to 7.10 per cent from 6.90 per cent (for deposits up to ₹10 crore).
A new slab of 450 days has been introduced with a rate of interest of 7.25 per cent (for deposits up to ₹10 crore), it said.
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