Karnataka Bank has said that the bank will offer 4% on deposits in savings account between Rs 50 lakhs and Rs 1 crore. For deposits between Rs 1 lakh and Rs 50 lakhs, the bank will offer 3.5%. The reduction in rate will be with immediate effect.
- Mr.Mahabaleshwara M.S is the Managing Director & Chief Executive Officer of Karnataka Bank.
- Karnataka Bank was incorporated in 1924 at Mangaluru.