Date:05/04/2005 URL: http://www.thehindubusinessline.com/2005/04/05/stories/2005040501490600.htm

Back Karnataka Bank hikes NRE term deposit rates

Our Bureau

Mangalore , April 4

KARNATAKA Bank Ltd has hiked the interest rate on its NRE term deposit scheme with effect from April 1.

The interest rate on NRE savings deposits has been revised from 2.80 per cent per annum to 3.40 per cent per annum with effect from April 1, according to a bank release here.