Bank raises deposit interest rates

Mangaluru: Karnataka Bank has increased interest rates on its domestic and NRE rupee term deposits, for amounts ranging from Rs 2 crore and up to Rs 10 crore.
The rate of interest for 1-2 years deposits will be 5.35% pa and above 2 years to 5 years, and above 5 years to 10 years, the rate will be 5.6% pa and 5.7% pa, respectively. The above rates are effective from Friday. tnn