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.
|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|
|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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