NEWS & ADVICE : FIXED DEPOSITS
Karnataka Bank increases deposit rate
By Neelima Shankar
Mar 1, 2013
Print    Email    RSS   

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.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A checklist of investment options for...
Planning to invest in a bank FD? Think again
Sweep in to Auto Sweep savings A/c
An Overview of Wealth Management Services...
Manage your FD in a better way


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive