P Gopi Krishna, Chairman of Karnataka Vikas Grameena Bank has launched a new deposit scheme of the bank named Vikas Siri Sampat-1111.
The tenure of this scheme is of 1,111 days with an interest rate of 5.70% for the general public and 6.20 % for senior citizens. It also offers the highest rate of annualized return of 6.03% for the general public and 6.60% for senior citizens. Under the scheme, the account holder can deposit ₹10,000 to ₹2 crores.
