MANGALORE: Mangalore-based Karnataka Bank Ltd. has revised interest rates on domestic term deposits of one year to less than three years. A bank press release here on Saturday said the rate will be nine per cent, with effect from Monday. Interest on deposits of senior citizens for the same period will be 9.75 per cent. For deposits of three to five years, the interest rate will continue to be 9.25 per cent. Senior citizens are eligible for an additional 0.75 per cent.
— Staff Correspondent