Karnataka Bank launches ‘KBL Centenary Deposit Scheme’

Karnataka Bank launches ‘KBL Centenary Deposit Scheme’ : Karnataka Bank has launched a Term Deposit Scheme “KBL Centenary Deposit Scheme” with higher rate of interest.
October 2022 Current Affairs Quiz
Aim: To provide an opportunity to bank customers to save and invest for better returns.

This deposit will be for a period of 555 days with interest rate of 7.20 % p.a. For Senior Citizens the rate of interest will be 7.60 % p.a. Karnataka Bank MD & CEO: Mahabaleshwara M S; Chairman:  P Pradeep Kumar.

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