Kurnool District Cooperative Central Bank Launches New Initiatives
Introduction to the New Year Initiatives
At the Kurnool District Cooperative Central Bank’s head office, a significant event took place to usher in the new year 2026. PIC/Chairman D Vishnuvardhan Reddy led the proceedings by unveiling the bank’s calendar for the year. This event marked the beginning of new initiatives and opportunities for the people of the district.
Launch of the "Suraksha" Deposit Scheme
As a special gift for the festival of "Makar Sankranti," a celebration of farmers in Andhra Pradesh, the bank introduced a new deposit scheme called "Suraksha." This scheme is designed to offer attractive interest rates to depositors. Senior citizens will receive an interest rate of 8.55% (effective rate), while individuals under 60 years of age will get an interest rate of 8.00% (effective rate) for deposits made for a period of 555 days. This limited-time opportunity is available from Tuesday until February 12, encouraging people to take advantage of these high-interest rates.
Utilization of Deposits for Economic Development
The deposits collected under the "Suraksha" scheme will be utilized to provide various loans to farmers and the people of the district. This initiative aims to contribute to the economic development of the community by supporting local individuals and farmers through accessible financing options.
Event Attendees and Organizers
The launch event was attended by key personnel from the bank, including Chief Executive Officer P Ramanjaneyulu, General Manager K Shivalila, Deputy General Managers K Umamaheswara Reddy, B Sunil Kumar, and BV Nagireddy, along with other staff members. Their presence underscored the bank’s commitment to its new initiatives and its dedication to serving the community.
Conclusion
The launch of the "Suraksha" deposit scheme and the unveiling of the bank’s calendar for 2026 mark significant steps towards enhancing financial services and supporting economic growth in the district. By offering competitive interest rates and contributing to the development of the local community, the Kurnool District Cooperative Central Bank reinforces its role as a vital financial institution in the region. As the bank moves forward with these initiatives, it is likely to have a positive impact on the lives of many individuals and families in the district.
