- Instant money transfer
- 24x7 ATM withdrawals
- Attractive rate of interest
Overview of Karnataka Bank SB Sugama
Karnataka Bank’s new savings account “SB Sugama” makes financial inclusion a very real possibility. This basic banking ‘no-frills’ account makes sure that a large section of the population has access to the benefits of a simple savings account.
| Bank | Karnataka Bank |
| Category | SB Sugama |
| Initial Deposit & Minimum Balance to be maintained | In rural areas: Rs. 50 In semi urban areas: Rs. 100 In urban areas: Rs. 150 In metro areas: Rs. 200 |
| Debit Card | ATM/ debit card facility is not provided with this account |
| Interest Rate | As applicable to normal Savings Bank account |
Services Offered with SB Sugama
The following services are provided with Karnataka Bank Savings Account:
| Cheque Book | Each year, one free cheque book (with 10 leaves) will be provided. |
| Cash Withdrawal | withdrawal slips can be used to make six withdrawals per month |
| Pass book | Pass books will be provided |
| Outstation cheques | Collection of outstation cheques |
| Nomination | Yes |
| Multi branch banking | Yes |
Fees and Charges for SB Sugama
Following are some of the charges that SB Sugama account holders will need to pay. The other charges are the same as a general savings account of the bank:
| Service / Product | Fees & Charges |
| Issue of Demand Draft | Rs. 2/1,000 with a minimum of Rs. 20/- and maximum of Rs. 10,000/- |
| Cash Withdrawal at non-base branch | Rs. 2 per thousand or part thereof with a minimum of Rs. 25 |
| Outstation Cheque Collection | Rs. 5,000/- and below: Rs. 25/- From Rs. 5,000/- to Rs. 10,000/-: Rs. 50/- From Rs. 10,000/- to Rs. 1,00,000/-: Rs. 100/- Above Rs. 1,00,000/-: Rs. 2 per Rs. 1,000/- or part thereof Minimum Rs. 200/- and maximum Rs. 20,000 |
| Cash Deposit at non-base branch | Free |
| Stop payment charges | Rs. 50/- per instrument. Maximum of Rs. 250/- per instruction. |
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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
