TNPSC Thervupettagam

Vikas Siri Sampat-1111 scheme

April 17 , 2022 955 days 705 0
  • A 1,111-day deposit scheme has been introduced by the Karnataka Vikas Grameena Bank (KVGB).
  • Karnataka Vikas Grameena Bank is a Dharwad-based regional rural bank.
  • The 1,111-day deposit pays 5.70 percent interest to the general public and 6.20 percent to senior citizens.
  • This scheme allows for a minimum deposit of ten thousand rupees and a maximum deposit of two crore rupees.
  • Canara Bank sponsors the Karnataka Vikas Grameena Bank, an Indian Regional Rural Bank.
  • It is owned by the Ministry of Finance of the Government of India.

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