Karnataka Bank raises Deposit Interest Rates

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Karnataka Bank has increased interest rates on its Domestic and NRE Rupee term deposits for amount ranging from Rs. 2 crore & up to Rs. 10 crore as follows:

10 BPS increase for 1 to 2 years period deposits and 20 BPS increase for above 2 years to 5 years deposits. Accordingly, the rate of interest for 1-2 years deposits will be 5.35% p.a. and above 2 years to 5 years and above 5 years to 10 years the rate will be 5.60% p.a. & 5.70% p.a. respectively for amount ranging from Rs. 2 crore & up to Rs. 10 crore. The above rates are effective from 10th June, 2022.