Karnataka Grameena Bank (KGB) is offering a special fixed deposit scheme called “KGB SIRI (444 Days)”.
This scheme gives customers a chance to earn higher interest on their money by keeping it safely deposited in the bank for a fixed period of 444 days.
According to the bank’s website:
General customers will earn an interest rate of 7.30% per year.
Senior citizens (aged 60 years and above) will get a higher interest rate of 7.80% per year.
Minimum deposit amount for this deposit is Rs 25000/-. Maximum amount is less than Rs 1 Crore.
What is a Fixed Deposit?
A fixed deposit (FD) is a safe investment option where you deposit a certain amount of money in the bank for a fixed time.
During this period, the bank pays you interest. At the end of the term, you get back your original money along with the interest earned.
Why Choose KGB SIRI (444 Days)?
Short-term investment:
The deposit is locked in for just 444 days, which is a little over a year.
Attractive interest rates:
The rates offered are higher than regular savings accounts.
Safe and secure:
Your money stays safe with a government-backed regional rural bank.
Extra benefit for senior citizens: Seniors earn more interest than general customers.
Who Can Invest?
Anyone with a Karnataka Grameena Bank account can open this FD. Both individual customers and senior citizens are eligible.
You may need to meet the minimum deposit amount set by the bank.
Summary
The KGB SIRI (444 Days) fixed deposit scheme is a great option for people looking to grow their savings safely in the short term.
With good interest rates and a reliable banking partner, it’s worth considering if you want to earn more than what a regular savings account offers.
