Karnataka Bank raises deposit interest rates.
10 BPS increase for 1 to 2 years period deposits and 20 BPS increase for above 2 years to 5 years deposits. Accordingly, the rate of interest for 1-2 years deposits will be 5.35 % p.a. and above 2 years to 5 years and above 5 years to 10 years the rate will be 5.60 % p.a. & 5.70 % p.a. respectively for amount ranging from ` 2 crore & up to ` 10 crore.
The above rates are effective from June 10, 2022.