NEWS & ADVICE : FIXED DEPOSITS
Karnataka Bank increases deposit rate
By Neelima Shankar
Mar 1, 2013
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The private sector lender, Karnataka Bank has hiked its interest rate on deposits by 25 basis points on all fresh retail term deposits of 1 to 2 years maturity period.

A bank release said that the rate of interest on deposits has been increased to 9.25 per cent from 9 per cent with effect from March 1, 2013.

Mr. P Jayarama Bhat, Managing Director of the bank said that the enhancement of interest on deposit will have good impact on resource mobilization.


 


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