Karnataka Vikas Grameen Bank (KVGB) has launched a new 369-day deposit scheme – ‘Vikas 369’. S Ravindran, Chairman of the bank, said the depositors would get an interest of 8 per cent (senior citizens 8.5 per cent) under this scheme. A minimum of ₹10,000 and maximum of ₹1 crore can be deposited under the scheme. The bank plans to mobilise ₹1,000 crore under the scheme.
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