Karnataka Vikas Grameena Bank, a Dharwad-based regional rural bank, has revised its domestic term deposit rates for the maturity period of 15 days to 10 years with effect from August 3.
Mr C Sambasiva Reddy, Chairman, KVGB in a release said rates were revised after the regional managers conference. Senior citizens will get pne per cent higher interest rates above the card rate with a maximum of 10.25 per cent.
The revised rates are as under. 15 days to 29 days 4 per cent (4 per cent), 30 days to 45 days 5.5 per cent (5.5 per cent),46 days to 90 days 7 per cent (5.75 per cent), 91 days to 120 days 7.5 per cent (7.5 per cent),121 days to 180 days 7.6 per cent (7.5 per cent) 181 days and above 9.5 per cent. –