Karnataka Bank Started “KBL Amrit Samriddhi” Term Deposit Scheme: Karnataka Bank Limited has launched a new term deposit scheme on the occasion of 75 years of Independence as Azadi Ka Amrit Mahotsav. This new scheme will be called “KBL Amrit Samriddhi” under ACC and Fixed Deposit for a tenure of 75 weeks (525 days). The interest rate for this deposit scheme is 6.10% per annum. MD & CEO of Karnataka Bank Shri Mahabaleshwara M.S said “India is celebrating the glorious history of its people, culture, and achievements in a jubilant way. Karnataka Bank, portraying the rich patriotic tradition and values, has always been ready to meet the aspirations and dreams of its valued patrons. With the new product, KBL Amrit Samriddhi, Bank extends the benefit of the increase in the interest rates to our customers. I request each one of you to make use of this opportunity, which will be available for a limited time.”
About Karnatak Bank
- Karnataka Bank Limited is a scheduled commercial bank based in Mangaluru, it was incorporated on 18th February 1924.
- The tagline of Karnataka Bank is “Your Family Bank Across India”.
- As of 31st December 2020, the Bank has 2345 service outlets with 857 branches 1 extension counters 1014 ATMs & 473 cash recyclers spread across the country.
- The bank operates in four business segments namely treasury corporate, retail banking, wholesale banking, and banking operations.
|Current Affairs April 2022|