A good savings account can be the cornerstone of your finances and help you realize your goals. Karnataka Bank SB Gen Savings Account is the perfect choice for people who are looking for a simple SB account with added benefits. Karnataka Bank Savings Account will offer a wide range of advantages including “any branch banking”, internet banking facility and fast cheque collection. This account will not only help customers to save money but will also offer impeccable banking convenience.
|Category||Karnataka Bank SB GEN (General) Savings Account|
|Minimum Average Balance Requirements (MAB)||With cheque book Facility - Rs. 1,000 Without cheque book facility - Rs. 200|
|Debit Card Offered||Karnataka Bank Money Plant VISA Debit Card|
|Interest Rate||4% per annum calculated on daily balance|
Services Offered with Karnataka Bank SB GEN Savings Account
The following services are offered to Karnataka Bank SB GEN Savings Account customers.
|Passbook and e-Statements||Passbook will be offered at a nominal cost. Free monthly e -Statements are offered on request.|
|SMS Alerts||SMS alerts will be free for the first year of account opening and the customer will receive alerts for all Karnataka debit card transactions exceeding Rs. 5,000.|
|Cheque Book||3 cheque books of 25 leaves each will be offered at no extra cost in a calendar year and after that, Rs. 3 per cheque leaf will be charged.|
|Cash Withdrawal Limit at ATMs||Rs. 15,000 per day|
|Internet Banking||Registration is free for internet banking.|
Features of Karnataka Bank SB GEN (General) Savings Account
Karnataka Bank SB GEN (General) Savings Account comes with the following features and benefits.
|Internet Banking||Karnataka Bank General Savings Account customers can enjoy banking from the comfort of their homes through the Net Banking facility offered by the bank.|
|Any Branch Banking||Customers can access their account from any Karnataka Bank Branch across the country.|
|Easy Fund Transfer||Account holders can transfer money to Karnataka Bank accounts and other bank accounts without any hassles using RTGS and NEFT facilities.|
|Free e- Statements||Customers will receive free monthly statements delivered right to their email inbox. The monthly statements will help the customers keep track of their account transactions.|
|Value Added Services||Customers get other benefits like free cheque books, any branch cash withdrawal and multi city cheque facility.|
Fees and Charges for Karnataka Bank SB GEN Savings Account
The fees and charges for various services related to Karnataka Bank SB General Savings Account are as given below.
|Product / Services||Fees and Charges|
|Payment of Multicity Cheques at Speed Clearing Centres||Free|
|Cheque collection at base location situated within the clearing zone||Free|
|Cash Withdrawal at bank branch||At Base Branch - Free At Non - Base Branch - Free up to Rs. 1 lakh per month and after that, Rs. 2 per thousand or part thereof with a minimum of Rs. 25 will be charged.|
|Debit Card||Money Plant International Visa Debit Card|
|PoS Limit for Debit Card||Rs. 25, 000 per day|
|Charges for non maintenance of MAB||For accounts with cheque book - Rs. 50 per month and actual charges for total amount of free limit used in that particular month For accounts without cheque book - Rs. 10 per month and actual charges for total amount of free limit used in that particular month|
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.