Karnataka Bank revises rates

Karnataka Bank Ltd has revised interest rates on term deposits with effect from January 1. The interest rate on term deposits of one year to less than two years would be 8/75 per cent (8.50 per cent) and of two years to less than three years would be 9 per cent (9.25 per cent). Interest rate on term deposits of three years to five years would be 9.25 per cent (9.50 per cent). Domestic term deposits of senior citizens with maturity period of one year and above would attract 0.75 per cent more compared to the deposits of the general public. [Karnataka BAnk, Interest]