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Karnataka Bank raises fixed deposit interest rates | Ratekhoj.com, Best Fixed Deposits, Loans, Insurance Rates and Credit Cards

Karnataka Bank raises fixed deposit interest rates

Posted in Fixed Deposits  by Ram Vishnu
October 20, 2008



Oct 20, 2008, Ratekhoj.com. Karnataka Bank, a private sector bank in India, has increased its fixed deposit interest rates effective October 20, 2008. The highest interest rate offered by Karnataka Bank to non-senior citizens is now 11.00% for a term of 3 years to less than 5 years. Senior citizens get the highest rate of 11.50% for the same term.

Karnataka Bank is also offering an interest rate of 10.60% for a term of 1 year to less than 3 years for non-senior citizens with senior citizens getting 11.10% for the same term.

Karnataka Bank has also increased the interest rate on its tax saver fixed deposit product with a term of 5 years and above. It now offers a interest rate of 11.00% for non-senior citizens with senior citizens getting 11.50% for the tax savings fixed deposit.




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