Karnataka Bank Savings Account

KBL Vanitha:

Features & Benefits:

1. Any woman who is of age 18 and above can open this account. Even joint account can be started only with ladies.
2. You may start with 'Zero' opening deposit and there is no need to sweat over maintaining minimum balance per day.
3. Average Balance to be maintained every month is RS 1000.
4. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
5. You can get free SMS alerts, notifying you of every transactional activity.

KBL Kishore:

Features & Benefits:

1. There is no requirement to maintain a specific minimum balance.
2. The account opening process is quick, simple and instantaneous.
3. Karnataka Bank doesn't charge you if you want to send Demand Drafts to your university/ college/ institute to pay tuition fee, prospectus fee or exam fee.
4. You can transact funds up to INR 50,000 every month (from the account of parent/ guardian to that of student).
5. Debit cards can be availed with "daily" money withdrawal limit of INR 5000 and shopping (PoS or Ecommerce portals) limit of INR 1500.
6. You can utilize the bank's net banking feature called 'Cyber Kid'.

KBL Tarun:

Features & Benefits:

1. You do not need to keep a specific minimum balance.
2. Process of opening an account is simple and quick.
3. Karnataka Bank doesn't charge you if you want to send Demand Drafts to your university/ college/ institute to pay tuition fee, prospectus fee or exam fee.
4. You can transact funds up to INR 50,000 every month (from the account of parent/ guardian to that of student).
5. With a prolific national presence, you can avail multiple branch banking and multi-city cheque facility.
6. Enjoy privileges of Money Plant VISA Global Debit Cards.
7. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
8. You can get free SMS alerts and monthly e-statements, notifying you of every transactional activity.
9. Demand Drafts can be bought at any Karnataka bank branch.
10. Avail free cheque books and enjoy the benefit of quick processing of cheques.

KBL Salary Privilege:

Features & Benefits:

1. No need to maintain a minimum balance in the account.
2. You can deposit and withdraw money from any branch and can enjoy multiple-city cheque amenity as well.
3. Free transactions allowed up to a certain limit.
4. With a prolific national presence, you can avail multiple branch banking and multi-city cheque facility.
5. Enjoy privileges of Money Plant VISA Global Debit Cards.
6. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
7. You can get free SMS alerts and monthly e-statements, notifying you of every transactional activity.
8. Demand Drafts can be bought at any Karnataka bank branch.
9. Avail free cheque books and enjoy the benefit of quick processing of cheques.

Insurance Linked Savings Bank Account:

Features & Benefits:

1. You can avail this facility for your prevailing savings account as well as for the one you are about to open.
2. To enjoy the perks of this feature, a minimum balance of RS.15,000 should be maintained if your account is in a metro branch and RS.10,000 if your account is in any semi-urban or rural bank branch.
3. You get a personal accident cover of RS.2 lacs.
4. Hospitalization benefits include expenses like check-up, medicines and tests of up to RS.10, 000.
5. The accident insurance cover will begin from the 31st day of starting your Karnataka Bank Savings Account.
6. If it is a joint account, only the primary account user is protected and not both the stakeholders.

SB General Scheme:

Features & Benefits:

1. Average monthly balance required is RS.1000 with cheque book and RS.200 without.
2. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
3. You can get free SMS alerts, notifying you of every transactional activity.

SB Sugama:

Features & Benefits:

1. You may collect outstation cheques for free.
2. Free Pass book, Cheque book and nomination.
3. You will not be provided ATM/Debit Card facility, multiple branch banking and instant crediting of cheques.

SB Money Platinum:

Features & Benefits:

1. Average monthly balance to maintain for this Savings Account is INR 3 lacs.
2. Free monetary transactions from one account to any other account of the same or some other account holder within KBL or across banks.
3. You will not be provided ATM/Debit Card facility, multiple branch banking and instant crediting of cheques.

SB Money Sapphire:

Features & Benefits:

1. SB Sapphire's requirement for Average Monthly Balance is INR 10,000.
2. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
3. You can get free SMS alerts, notifying you of every transactional activity.
4. For cash disbursement via RTGS/NEFT systems, it is free up to INR 50,000 monthly. After that the charges are as follows:

SB Money Ruby:

Features & Benefits:

1. SB Ruby's requirement for Average Monthly Balance is INR 1 lac.
2. Net Banking, mobile banking, RTGS/NEFT as well as online payment is enabled for free.
3. You can get free SMS alerts, notifying you of every transactional activity.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.