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Saturday, December 02 2023
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KBL’s new ‘Centenary Deposit’ will have 7.60 pc interest rate

Karnataka Bank KBL Centenary Deposit with 7p60 annual interest rate to celebrate centenary
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Mangaluru: Karnataka Bank launched a new term deposit scheme “KBL Centenary Deposit” in anticipation of celebrating its centenary year in 2023-24. This scheme is implemented from 17.10.2022.
The bank’s MD and CEO Mahabaleshwar M.S unveiled this deposit scheme at the bank’s Kankanady head office and said, “Karnataka Bank is one of the prestigious banks today due to the constant support of the customers. We have started a new deposit scheme ‘KBL Centenary Deposit’ to honour our dear customers who have been leading us since the bank’s inception.
This innovative deposit is available for senior citizens at an interest rate of 7.60 per cent for a tenure of 555 days and for other citizens at an interest rate of 7.20 per cent. I request customers to take full advantage of this,” he said.
Chairman of the bank who spoke on this occasion P. Pradeep Kumar, “Karnataka Bank has been recognized as one of the banks that offer the highest interest rates on fixed deposits in the banking sector. Let the customers celebrate this Diwali festival with pleasure and may increase their happiness with this fixed deposit from our bank. Happy Diwali to all,” he said.
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