Karnataka Bank raises deposit interest rates

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Karnataka Bank raises deposit interest ratesMangaluru: Karnataka Bank has increased interest rates on its domestic and NRE rupee term deposits for amounts below Rs 2 crore, effective from Friday. The rate of interest for 1-2 year deposits will be 5.35 % pa, and for above 2 years to 5 years, the rate will be 5.5% pa, stated a release. tnn