In a significant move to honor its legacy and commitment to customer-centric innovation, Karnataka Bank has launched two new financial products as part of its Founders’ Day celebrations. The bank, which has been serving customers for nearly a century, marked the occasion by introducing offerings designed to enhance customer convenience and cater to evolving financial needs.
The first product unveiled is a Digital Savings Account , aimed at empowering tech-savvy customers with a seamless and paperless banking experience. This account comes with features such as instant account opening through the bank’s mobile app, zero-balance requirements, and access to personalized financial insights powered by artificial intelligence. The bank aims to attract younger customers and small businesses by providing a hassle-free digital banking solution.
The second offering is a Special Fixed Deposit Scheme , tailored to provide attractive interest rates for senior citizens and long-term investors. Under this scheme, depositors will enjoy higher returns compared to regular fixed deposits, along with flexible tenures ranging from 12 to 60 months. The initiative underscores the bank’s focus on fostering financial security for its loyal customer base, particularly retirees seeking stable investment options.
Speaking at the launch event, Mahabaleshwara M.S., Managing Director & CEO of Karnataka Bank , emphasized the institution’s dedication to innovation and customer satisfaction. “On this Founders’ Day, we reaffirm our commitment to delivering value to our customers while staying true to the vision of our founders. These two products reflect our efforts to blend tradition with technology, ensuring that we remain relevant in today’s dynamic banking landscape,” he said.
The launch aligns with Karnataka Bank’s broader strategy to expand its digital footprint and strengthen its position as a leading private sector bank in India. Over the past year, the bank has reported steady growth in its customer base and digital transactions, driven by its focus on adopting cutting-edge technologies and enhancing user experience.
Customers can avail of these products starting immediately, either through the bank’s branches or its online platforms. Karnataka Bank has also announced promotional offers for early adopters, including cashback rewards and fee waivers on certain services.
As the bank celebrates its rich history and looks toward the future, these initiatives highlight its ongoing mission to empower individuals and businesses with innovative financial solutions. With these launches, Karnataka Bank continues to uphold its reputation as a trusted partner in the journey toward financial prosperity.
