K M Dayashankar
The deposit scheme was announced as part of the centenary celebrations of the bank and would be implemented from November 1 to December 31, 2021
Centenary celebrations would be held on a grand scale from November 14 to 20 as part of cooperative week celebrations by organising various programmes
KARIMNAGAR: The Karimnagar District Cooperative Central Bank (DCCB), which is celebrated its centenary celebrations from November 14 to 20, has announced a new scheme called “Shatabdhi deposit” for the benefit of investors to reap riches with the highest interest rate of seven per cent.
As part of the Diwali celebrations, the Goddess Lakshmi pooja was conducted at the Karimnagar DCCB main branch in Karimnagar town on Thursday. CEO N Satyanarayana Rao, director V Mohan Reddy, DGM Brahmananda Rao, branch manager K Sunil and others participated in the pooja rituals.
On this occasion, Mr Satyanarayana Rao called upon the people to invest in the ‘Shatabdhi deposit’ scheme to secure the highest interest rate of seven per cent which was the highest when compared to any bank. He said that they had announced the new deposit scheme as part of their centenary celebrations and it would be applicable from November 1 to December 31, 2021.
The bank had also announced car loans and farm mechanisation loans to the already availing crop loan farmers without any further security as part of the celebrations, he stated. He also said that the Karimnagar DCCB had won accolades for the fast processing of all types of loans without any processing charges.