KB media release

Mangalore, Mar 2: City-based Karnataka Bank Limited has revised the interest rates on its Non Resident (External) Rupee Deposit (NRE) Scheme and FCNR ( B ) deposits  with effect from March 1, 2007.

The changes in the interest rates will also apply to repatriable NRE deposits renewed after their present maturity period.

FCNR ( B ) interest rates:
 
The revised rates are as under:

The Bank which is one of the best Banks in the country as per the KPMG Survey conducted recently by Business Today has 405 branches located in 19 States and 2 Union Territories.

The Bank has secured the Highest Customer Satisfaction Score as per the survey conducted by the “Consumer Voice” backed by the Union Ministry of Consumer Affairs. The Bank is eyeing business turnover of Rs. 25,000 crore during the current financial year.

The Bank plans to add 10 more branches to take the tally of branches to 415 by year end. “A1+” rating has been awarded to the Bank’s Certificates of Deposit by ICRA.