KVB raises term deposit rates

Started by sajiv, Oct 07, 2008, 05:33 PM

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Karur Vysya Bank has raised the rate of interest by 75 basis points on deposits of 1-3 years with effect from October 6, according to a bank release. Senior citizens will receive an interest rate of 11.50 per cent against 10.75 per cent for the same period. The interest rates on other term deposits remain unchanged.