P Gopi Krishna, Chairman, during the launch of the ‘Vikas Siri Sampat-1111′ plan in Dharwad announced that the 1,111-day deposit pays 5.70 percent interest to the general public and 6.20 percent to senior citizens. This scheme allows for a minimum deposit of ten thousand rupees and a maximum deposit of two crore rupees.
- Customers should take advantage of the lower interest rate while it lasts because it is only available for a limited time, according to Gopi Krishna.
- He noted that the bank’s purpose is to encourage customers to save, and he anticipates a positive response throughout the current fiscal year.
- In the Karnataka districts of Dharwad, Gadag, Haveri, Belagavi, Bagalkot, Vijayapura, Uttara Kannada, Udupi, and Dakshina Kannada, the bank has 629 branches.
- The bank’s whole business in 2021-22 was Rs 30,750 crore. The entire amount of deposits was Rs 17,647 crore, with advances totaling Rs 13,103 crore.
Karnataka Vikas Grameena Bank:
Canara Bank sponsors the Karnataka Vikas Grameena Bank, an Indian Regional Rural Bank. It is owned by the Ministry of Finance of the Government of India. The bank has 629 branches across Karnataka, mostly in North and Western Karnataka, that provide retail banking services to rural customers.