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.



Mangaluru: The Surathkal police have filed a chargesheet in court against six individuals in connection with the alleged suicide of community leader and businessman Mumtaz Ali. The chargesheet, comprising over 600 pages, was submitted to the JMFC court in Mangaluru on Monday.

The main accused include Rahmat (a resident of Krishna Nagar 7th Block), her husband and the fifth accused Shuhaib, the second accused Abdul Sattar, the third accused Kalandar Shafi (a resident of Nandavar), the fourth accused Mustafa (a resident of Krishna Nagar), and Siraj, the sixth accused and driver of Sattar’s car. The chargesheet was prepared under the supervision of Surathkal Police Inspector Mahesh Prasad.

On October 7, 2024, Mumtaz Ali’s car was found in an accident-like condition near the Kuloor Bridge. It was suspected that he had jumped into the Phalguni River. Following this, his daughter filed a missing person’s complaint, while his brother Haider Ali alleged that Rahmat and the other accused had mentally harassed Mumtaz, leading to his suspected suicide.

Based on these allegations, a case was registered and the police began investigations, questioning over 100 witnesses as part of the process.

The search operation in the river concluded on October 8, 2024, when Mumtaz Ali’s body was found. The chargesheet details the findings and evidence gathered during the investigation.