Tuesday, July 5, 2022
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FD Rates: Private sector bank increased FD interest rates, know the latest interest rate

Karnataka Bank FD Rates Hike: There is still a big middle class in the country, so it seeks investment options away from market risks. In such a situation, the bank office is a very easy and safe investment option for them. Recently Reserve Bank of India has increased its repo rate. Since then, every major private and government sector bank is increasing the interest rates of FD.

If you are a customer of Karnataka Bank, a private sector bank, then this news is of your use. Giving good news to its customers, Karnataka Bank has decided to increase the interest rates on FDs on domestic and non-residence foreign rupee accounts. In such a situation, the account holders of both the country and abroad will get the benefit of this increase. The bank has issued a notice saying that it has increased by 15 basis points on FDs of one to two years. Now customers will get 5.25 percent interest on FD of 2 crores. On the other hand, on FD up to Rs 10 crore, you will get an interest rate of 5.10 percent.

New rates came into effect from this day
Let us tell you that the bank has not told that the interest rates of the new FD of the bank have been implemented from May 21, 2022. According to the report published in the official website of the bank, it is offering different interest rates for different periods. Know all about interest rates-

Karnataka Bank is giving so much interest on FD of less than 2 crores-
Tenure of 7 to 45 days – 3.40 percent interest rate
Tenure of 46 to 90 days – 4.90 percent interest rate
91 days to 364 days-5.00 percent
FD of 1 to 2 years – 5.25 percent
FD from 2 to 5 years -5.40 percent
FD -5.40 percent from 5 to 10 years

Karnataka Bank is giving so much interest on FDs of more than 2 crores and less than 10 crores-
Tenure of 7 to 45 days – 3.40 percent interest rate
Tenure of 46 to 90 days – 4.90 percent interest rate
91 days to 364 days-5.00 percent
FD of 1 to 2 years – 5.25 percent
FD from 2 to 5 years -5.40 percent
FD -5.40 percent from 5 to 10 years

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