KBL Vanitha Savings Bank Account
The KBL Vanitha Savings Account presents you with some of the most beneficial features, offering convenience and flexibility, available to women above 18 years and can be opened individually or jointly with another female, with services like online banking, mobile banking, utility bill payment, KBL debit card transactions, insurance cover for jewelry loss, and multi-branch banking.
Read on to find out more about what the KBL Vanitha Savings Account offers you.
Managing finances can be a challenge for anyone who is new to the world of investing. One must exercise caution while taking decisions regarding financial investments. Beginner investors rely on the facility of savings accounts to maximize their savings in the initial years.
To provide its women customers with the benefits of a savings account, Karnataka Bank Limited has introduced KBL Vanitha. This savings bank has been designed especially for women to not only encourage the habit of saving but also allow you to manage your finances in the best manner possible.
Karnataka Bank Savings Account Interest Rates:
Type of account | Day-end Balance | Rate of Interest (% per annum) |
All SB accounts including NRE & NRO accounts | Up to and including Rs.1 lakh | 2.75 |
Above Rs.1 lakh and up to Rs.10 lakh | 2.75 | |
Above Rs.10 lakh and up to Rs.50 lakh | 2.75 | |
Rs.50 lakh and up to Rs.1 crore | 3.50 | |
Above Rs.1 crore | 4.50 |
Minimum Balance Requirement:
Bank | Karnataka Bank Limited |
Category | KBL Vanitha |
Minimum Balance Requirement |
|
Interest | Interest will be calculated on the daily account balance. |
ATM Card Facility | Account holder will be issued a MoneyPlant VISA International Debit Card. |
Features of KBL Vanitha Savings Bank Account:
Minimum Initial Deposit Requirement | This account can be opened with 'Zero Balance'. There is also no requirement of maintaining a daily minimum balance. |
Internet Banking Facility | Available |
Mobile Banking Facility | Mobile banking (m-commerce) facility is available free of charge. |
Online Payment via Debit Card | You can easily make payments for online transactions via your MoneyPlant VISA debit card. |
SMS Alert Facility | SMS alert facility will be provided, free of charge, for all debit and credit card transactions of Rs 5,000 and above in value. |
Monthly Account Statement | Account holders will be provided with monthly e-statements for their account activity, free of charge. |
Online Fund Transfer (NEFT/RTGS) | Customers can avail the facility of NEFT and RTGS for making speedy inter-bank fund transfers. |
Cheque Book Facility | Provided. |
Multi-branch Banking facility | Yes. |
Additional Features of KBL Vanitha Savings Bank Account:
Insurance Cover | Account holders will be provided with 'All Risk' Insurance cover worth Rs 50,000, which protects against loss of jewellery as a result of snatching while travelling, burglary while at home and theft during a hotel stay. This cover will be provided to the primary account holder named in registered with the bank. |
Fund Transfer | Account holders will be permitted to make fund transfers & These can be done free of charge.. |
Utility Bill Payment facility | Facility is available. |
Mobile Recharge facility | Facility is available. |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Savings Account Popular Pages
FAQs on KBL Vanitha Savings Bank Account
- What is the minimum balance in a KBL savings account?
On the other hand, for accounts with a cheque book, you need to maintain ₹2000 in Metro and Urban areas, and ₹1000 in Semi-Urban, Rural areas, and for Financial Inclusion. Can I change the type of savings account? Yes, you can change your type of savings account.
- Which bank is best for savings accounts in Karnataka?
Premium accounts like Sapphire, Ruby, and Platinum Privileged Savings Accounts require a specific minimum balance. However, accounts like the SB Sugama General Savings and KBL Tarun Student Savings offer zero balance convenience. For more flexibility, our SB General Savings Account has variable minimum balance options.
- Is Karnataka Bank Zero Balance Account available?
Interest rates represent the percentage at which your money grows when deposited or invested. In the context of general savings accounts, choosing the right bank with a favorable interest rate is essential. Karnataka Bank offers a competitive 4.5% interest rate per annum on the SB Sugama Zero Balance Account.
- How to check KBL account balance?
Karnataka Bank account holders can call on 1800-425-1445 from their registered mobile number to know available account balance instantly.
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