Karnataka Bank launches new Term Deposit Scheme KBL Amrit Samriddhi

In commensurating with the Nation celebrating its 75 years of Independence as Azadi Ka Amrit Mahotsav, 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, Shri 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, Bank extends the benefit of increase in the interest rates to our customers. I request each one of you to make use of this opportunity, which will be available for a limited time."

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 78.55 as compared to the previous close of Rs. 76.30. The total number of shares traded during the day was 266935 in over 2078 trades.

The stock hit an intraday high of Rs. 78.95 and intraday low of 75.65. The net turnover during the day was Rs. 20765702.00.

Source : Equity Bulls

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TheKarnatakaBank INE614B01018 KBLAmritSamriddhi FixedDeposit AzadiKaAmritMahotsav