The Karnataka Vikas Grameena (KVG) Bank has launched a new  fixed deposit scheme with several special features. The scheme has been christened as “Vikas Poorna Cash Certificate”.

Under this scheme the bank will accept deposits in fractions and upon maturity will pay in rounded figures. The scheme is offered to both general citizens as well as senior citizens.

“The special deposit mobilisation campaigns, customers' support and confidence in the bank enabled us to cross Rs 5,467 crore,” said Chairman of KVGB, Mr. C. Sambasiva Reddy.