Comments
Karnataka Bank has hiked interest rates on domestic term deposits by 25 basis points. The revised rates will be effective from November 7, said a press statement by the bank.
Following are the revised rate of interest for different maturities: 8 per cent for 121-180 days, and 8.50 per cent for 181-364 days. In the maturity band of one-two years, the bank will offer 9.50 per cent for deposits below Rs 5 crore, and 9.25 per cent for deposits above Rs 5 crore.
In the case of of two-three-year tenures, the bank will offer 9.25 per cent for deposits below Rs 5 crore, and 9 per cent for deposits above Rs 5 crore.
For term deposits above three years, the rate is 9 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.