Karnataka Bank increased Rate of interest at home Fixed deposit As per BSE filings, NRE rupee fixed deposits for amounts below Rs 2 crore. The new interest rates are effective from July 1, 2022. The interest rates have increased by 10 bps for FD tenors between one to two years as well as between two and five years. Consequently, the interest rate on deposits with a tenure of 1-2 years will be 5.35 per cent per annum and for 2 to 5 years at 5.50 per cent per annum.

According to the website, “0.40% extra over the normal rate and up to Rs 5 crore only under domestic FDs”

Schemes (not for deposits under NRE/NRO/FCNR(B) accounts) only for resident senior citizens for a period of 1 to 5 years and for tenures of 5 to 10 years w.e.f. 09.11.2020 at the normal rate of 0.50 % Excessive. Senior citizen interest rate benefit is withdrawn for fixed deposits of less than 1 year.

the bank offers FD Interest Rates Between 3.40 per cent and 5.50 per cent for tenures between 7 days and 10 years. No penalty shall be levied for premature closure for an amount less than Rs.2 crore

savings account interest rate

The bank offers 2.75 per cent interest rate for savings accounts up to Rs 50 lakh, and 3.50 per cent interest on amounts between Rs. 50 lakhs and Rs. 100 lakhs, and 4.50 per cent interest on the amount exceeding Rs. 100 lakhs.

other banks

many banks including

After RBI hiked the repo rate by 50 basis points, and others have already hiked their interest rates.