• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mangalore, May 21

Karnataka Bank Ltd has introduced a new term deposit scheme — KBL-400 — with a higher interest rate offer, with effect from May 21.

A bank release said here that the new deposit scheme for 400 days carries 10 per cent interest. Senior citizens will get 10.50 per cent for their deposit of 400 days. The new scheme will remain valid for a limited period. The bank has also raised interest rate for deposits under `KBL Tax Planner' (meant for income-tax exemption) to 9.50 per cent (8.25 per cent) to general public and 10.25 per cent (9 per cent) to senior citizens, the release added.

More Stories on : Fixed Deposits | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Only public sector entities can sponsor pension fund managers'

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line