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Karnataka Bank launches new term deposit scheme

16 Aug 2022 Evaluate

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.

With the new product, KBL Amrit Samriddhi, Bank extends the benefit of increase in the interest rates to its customers. Karnataka Bank, portraying the rich patriotic tradition and values, has always been ready to meet the aspirations and dreams of its valued patrons.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

Peers
Company Name CMP
HDFC Bank 729.10
ICICI Bank 1337.10
Axis Bank 1240.90
Kotak Mahindra Bank 412.80
Indusind Bank 957.10
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