Karnataka Bank adds a new slab to its deposit products

Karnataka Bank has introduced a new slab to its Domestic and NRE Rupee term deposits. The new slab is for deposits for a tenure of '1 year only' and carries an interest rate of 6.20 % p.a.

The above rates are effective from September 01, 2022 and applicable for deposits up to Rs. 20.00 Crore.

The addition of this new slab with an attractive interest rate is an incentive for the existing as well as the new to Bank customers to invest in the term deposit products of the Bank.

Source : Equity Bulls

Keywords

KarnatakaBank NewSlab TermDeposits Domestic NRERupee 1Year