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Karnataka Bank introduces new Term Deposit scheme

18 Feb 2019 Evaluate

Karnataka Bank has introduced new Term Deposit scheme for 475 days with rate of Interest 7.75%. The above rates are effective from February 16, 2019.

Further, Resident Senior Citizens are eligible for additional 0.50% interest over the General rate and thus the effective rate is 8.25% under the said scheme.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

Peers
Company Name CMP
HDFC Bank 690.75
ICICI Bank 1399.20
Axis Bank 1224.00
Kotak Mahindra Bank 460.00
Indusind Bank 849.25
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