Karnataka Bank raises Deposit rates

The Karnataka Bank Ltd has announced increase in interest rate for domestic term deposit of 181 days to 364 days wef 1st January 2007. The new rates are 7% for deposits below Rs.15 lakh, 7.25% for deposit above 15 lakh and below Rs.50 lakh, 7.50% for deposit above Rs.50 lakh and below Rs.5 crore.