KBL launches New Depository Scheme

Current Context: Karnataka Bank Scheme has launched the ‘KBL Centenary Deposit Scheme’.

• The scheme will be effective from 17th October.
• The deposit scheme is launched as part of the centenary year of the Karnataka bank.
• With this launch, Karnataka Bank is now one of the banks offering higher rates of interest for term deposits.
• This scheme will be offered for a period of 555 days.
• It will work on an interest rate of 7.20% for general customers and 7.60% for senior citizens and domestic or NRE deposits.

Question:

Q.1 Which bank has recently launched a centenary deposit scheme?
a. State Bank of India
b. Bandhan Bank
c. Karnataka Bank Limited
d. ICICI Bank