Media Release
Mangaluru, Aug 14: Commensurate with the nation celebrating its 75 years of Independence as Azadi Ka Amrit Mahotsav, the Karnataka Bank has introduced a new Term Deposit Scheme, 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.
While wishing on the occasion, Mahabaleshwara M S, MD & CEO of the Bank 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, the bank extends the benefit of increase in the interest rates to its customers.