Media Release
Mangalore, Dec 20: A bank known for customer centric products, Karnataka Bank has enhanced the interest rate on SB deposit to 5 percent with immediate effect to all its customers.
The Bank is extending a unique facility of crediting interest on quarterly basis, which enhances the return on customers' savings. The Bank has taken the lead among the scheduled Banks including nationalized banks in increasing the interest on SB.
P Jayarama Bhat, managing director of the Bank said the enhancement of interest rate on SB coupled with crediting of interest on quarterly basis will increase yield on SB of all the customers.