Karnataka Bank ups NRE deposit rates

Karnataka Bank has raised interest rates on Non-resident External (Rupee) deposits by 50 basis points of three years to 10 years maturity with effect from September 2. The new rates are 9.50 per cent (9 per cent) for three years to five years maturity, and 9.25 per cent (8.75 per cent) for above five years to 10 years maturity.

Source: thehindubusinessline