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Karnataka Bank has launched National Pension System (NPS) for its customers. A press release by the bank said here on Thursday that any individual between 18 and 60 years can register his/her name with the bank branch to contribute and to get the pension benefit under this scheme. NPS is introduced by the Central government to provide old-age financial security by way of regular income in the form of pension. P Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, expressed confidence that this product will be well accepted by the public because of its flexibility in investment and tax exemption feature.
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