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 Money & Banking - Fixed Deposits
Karnataka Bank’s deposit scheme

Mangalore, Aug. 29

Karnataka Bank has introduced a one-year deposit scheme called ‘KBL-Varsha’. A bank release said the new scheme, from September 1, offers an interest rate of 10.60 per cent. Senior citizen would get 11 per cent. The bank has also revised interest rates for deposits for different maturities. Senior citizens will be offered 0.75 percentage point more.

—Our Bureau

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