Karnataka Bank unveils ‘Deposit Only Card’
Mangaluru, June 15: Karnataka Bank, as part of its digital initiative, has unveiled yet another novel card variant ‘KBL-Deposit Only Card’, which enables hassle-free cash deposit transactions at Bank’s 24X7 e-Lobby services.
This card is specially meant for Bank’s Current/Overdraft customers and by using this card they can perform card based cash deposit transactions even with higher deposit limit at Bank’s Bunch Note Acceptor (BNA) / Cash Recycler kiosks.
The salient features of the cards are;
- Instant Cards & issued across branch counters.
- It can be used only for Cash Deposit transactions. (Withdrawal & Purchase transactions are not allowed)
- Per day cash deposit limit is `10,00,000/-.
- Multiple cards can be issued to a particular account and multiple accounts can be linked to a particular card.
- Card will be issued to all SB/CA/OD accounts wherever PAN number is registered.
“All the customers of Karnataka bank can avail ‘Deposit Only’ cards for remitting / depositing Cash into our 175+ BNAs / Cash Recyclers installed across the length & breadth of the country.
These unique cards will empower bank’s valued customers especially corporate customers and businessmen to deposit cash / business proceeds to their account, round the clock, even at different locations.
In future, these cards may be permitted with interoperable cash deposit (ICD) transactions i.e., cash deposit at other Banks’ BNAs/Recyclers, when NPCI ICD initiative is enabled at Bank.” said Shri Mahabaleshwara M S, Managing Director & CEO of the Bank, on the occasion of unveiling Deposit Only Card here at Bank’s Headquarters, Mangaluru.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Hormuz Strait disruptions have caused huge economic impact, energy instability in region: Navy chief
Mumbai (PTI): The Strait of Hormuz disruptions have caused severe economic impact and energy instability in the region, Indian Navy chief Admiral D K Tripathi said on Thursday amid the war in West Asia.
Speaking at an event where INS Sunayna, an offshore patrol vessel, set sail from Mumbai as Indian Ocean Ship (IOS) Sagar, the admiral said competition at sea has no longer remained confined to oil and energy.
It is now expanding towards resources that will shape future growth - such as rare earth elements, critical minerals, new fishing grounds and even data, he said.
The West Asia crisis began on February 28 after a joint attack by the US and Israel on Iran.
Iran's strikes on its neighbours along with its chokehold on the Strait of Hormuz have disrupted the world's energy supplies with effects far beyond West Asia.
"With the conflict in West Asia well into its fifth week, the disruptions in the Strait of Hormuz have caused severe economic impact and energy instability in the region," Tripathi said.
There is significant increase in the marine survey, deep-sea research activity, and Illegal Unreported and Unregulated Fishing (IUU), often encroaching upon the sovereign rights of littoral nations and exploiting gaps in monitoring and enforcement, he said.
Alongside these, threats such as piracy, armed robbery and narco-trafficking backed by unimpeded access of advanced technology to non-state actors, have also become more complex and challenging to counter, the Navy chief pointed out.
Last year alone, the Indian Ocean Region witnessed a staggering 3,700 maritime incidents of varying nature, the admiral said.
Additionally, narcotics seizures in the region exceeded USD 1 billion USD in 2025, highlighting the persistence and spread of such challenges in the region, he said.
