Karnataka Bank hikes deposit rate

Karnataka Bank has increased the rate of interest on its ‘KBL - Tax Planner’ deposit scheme. A press release said here the rate of interest on KBL - Tax Planner for five years has been increased from 7 per cent to 7.5 per cent with effect from January 30. Resident senior citizens are eligible for additional 0.50 per cent interest over the general rate, it added.