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.
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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.
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