KVG Bank launches a new deposit scheme

Karnataka Vikas Grameen Bank (KVGB) Launched New Deposit Scheme “Vikas Achadip 400 Days”.

Shrikant M Bhandiwad, Chairman, KVGB, Who launched this scheme, said the scheme is for 400 days with an interest rate of 7.50 percent for senior citizens and 7 percent for the general public.

Under the scheme, a minimum of Rs 10,000 and a maximum of Rs 2 crore can be deposited.

Bhandiwad said the scheme applies to all segments of depositors, including senior citizens, and institutions. He added that the scheme is open for a limited time.

The bank has a network of 639 branches with a total turnover of Rs.33,350 crore. This included Rs. 18,710 crore in deposits and Rs. 14,640 crore in advances.