Karnataka Bank has raised interest rates on savings bank account for large balance above Rs 1 crore to 5% while for small balances below Rs 1 lakh, the bank has reduced it to 3% . Where is the corporate office of Karnataka Bank-?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Mengaluru
B	Bengaluru
C	Mumbai
D	Chennai

Explanation:

Detailed explanation-1: -Karnataka Bank Savings Account earns interest at an annual rate ranging from 2.75% to 4.50%, depending on the balance at the end of each day.

Detailed explanation-2: -Karnataka Bank FD Rates 2022 Karnataka Bank fixed deposit interest rates range between 3.4%-5.7% for regular citizens for a tenure of 7 days to 10 years. Moreover, the interest rates for senior citizens range between 3.8%-6.95%.

Detailed explanation-3: -Yearly) in Savings Bank account are free. Beyond that Rs. 5/-per withdrawal (excluding ATM transactions) NIL Accounts Maintenance Charges for the transactions done through digital mode.

There is 1 question to complete.