Karnataka Bank SB GEN Savings Account

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.  

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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.

Bank

Karnataka Bank

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.

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