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Karnataka Bank's `no frills' accounts

Our Bureau

MANGALORE: Karnataka Bank has introduced `S.B. Sugama'as part of the `no frills account' initiative.

The bank has prescribed different minimum balance for different categories of branches. Under `S.B. Sugama', the minimum balance is Rs 50 for rural branches, Rs 100 for semi-urban branches, Rs 150 for urban branches and Rs 200 for metro branches.

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