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.
