The Karnataka Bank Limited is a commercial bank based in Mangaluru, in Karnataka. Being an expanding bank, it has already won many Banking Awards. It has around 800 branches now.
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Types of Karnataka Bank Savings Account:
SL. No. | Savings Bank Account Name | Purpose |
1. | KBL Vanitha | Savings Account for Ladies |
2. | KBL Kishore | Savings Account for students between age 12 and 18 years. |
3. | KBL Tarun | Savings Account for students between age 18 to 25 years. |
4. | KBL Salary Privilege | Savings Account meant for salaried individuals. |
5. | SB GEN (General) | Savings Account with additional perks |
6. | SB Money Sapphire | A customized Savings Account which offers plenty of complimentary features and benefits. |
7. | SB Money Ruby | A customized Savings Account with many complimentary features and benefits. |
8. | SB Money Platinum | A Savings Account Plan with many perks. |
9. | Insurance Linked Savings Bank Account | A Savings Account with coverage for Personal Accidents and Hospitalization. |
10. | SB Sugama | Simple Savings Deposit Account. |
11. | SB (SMALL) | A Savings Account with no-frills, aimed at with fiscal inclusion. |
12. | SB - NMB | A Savings Account with requirement for minimum balance. |
KBL Vanitha
- Any woman who above the age of 18 years can open this type of account.
- It is a zero balance account with no requirement for maintaining a daily minimum balance.
- Average monthly balance should be Rs.1000
- Insurance coverage for jewelry in case of a theft for up to Rs.50000.
- Free transaction limit up to Rs.50000 in the name of the account holder’s wards.
- Multiple branch banking facilities.
- Access to Money Plant VISA Global Debit Card.
- Free services like Net Banking, mobile banking, RTGS, NEFT and online payments.
- Free SMS alerts to notify all transactional activities.
KBL Kishore:
- No minimum balance requirement
- Quick, simple and instantaneous process of account opening.
- No charge for Demand Drafts drawn in favor of educational institutions.
- Transaction limit of Rs.50000 every month from the account of the parents or guardian to that of student.
- Debit cards with “daily” money withdrawal limit of Rs.5000 and limit of Rs.1500.
- Specialized net banking feature of the bank called 'Cyber Kid'.
KB Tarun:
- No minimum balance requirement.
- Quick, simple and instantaneous process of account opening.
- No charge for Demand Drafts drawn in favor of educational institutions.
- Transaction limit of Rs.50000 every month from the account of the parents or guardian to that of student.
- Multiple branch banking as well as multi-city cheque facility.
- Money Plant VISA Global Debit Cards.
- Net Banking, mobile banking, RTGS, NEFT and online payment services for free.
- Free SMS alerts to notify all transactional activities.
KBL Salary Privilege:
- No minimum balance requirement.
- Withdraw and deposit money from any branch with multi-city cheque facility.
- Multiple branch banking as well as multi-city cheque facility.
- Money Plant VISA Global Debit Cards.
- Net Banking, mobile banking, RTGS, NEFT and online payment services for free.
- Free SMS alerts to notify all transactional activities.
- Demand Drafts purchase at any Karnataka bank branch.
- Free cheque books with quick processing of cheques.
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Insurance Linked Savings Bank Account:
- Link old accounts with new ones.
- Minimum balance of Rs.15000 (urban branches) and Rs.10000 (rural branches) should be maintained in order to enjoy the available perks.
- Personal accident coverage worth Rs.2 lakhs.
- Hospitalization benefits up to Rs.10000 which includes expenses such as check-ups, medicines and tests.
- In case of a joint account, only the user is protected by insurance.
SB General Scheme:
- Average monthly balance of Rs.1000 is to be maintained failing which, a penalty fee will be charged.
- Net Banking, mobile banking, RTGS, NEFT and online payment services for free.
- SMS alerts notifying every transactional activity.
SB Sugama:
- Account holders must keep less than Rs.50000 as their total account balance across all their accounts. in their accounts taken together
- Six cash withdrawals per month via bank withdrawal slips, exceeding which, the account holder must pay Rs.10 per transaction.
- Collection of outstation cheques for free.
- Pass book, Cheque book and nomination facility for free
- No access to ATM or Debit Card, multiple branch banking and instant crediting of cheques facilities.
SB Money Platinum:
- Average monthly balance to be maintained is Rs.3 lakhs.
- No access to ATM or Debit Card, multiple branch banking and instant crediting of cheques facilities.
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SB Money Sapphire:
- Average Monthly Balance should be Rs.10000.
- Net Banking, mobile banking, RTGS, NEFT and online payment services are free.
- SMS alerts notifying every transactional activities.
- Cash disbursement via RTGS or NEFT systems is free up to Rs.50000 per month
SB Money Ruby:
- Average Monthly Balance to be maintained at Rs.1 lakh.
- Net Banking, mobile banking, RTGS, NEFT and online payment services are free.
- SMS alerts notifying of every transactional activity.
- Cash disbursement through RTGS or NEFT systems is free up to Rs.50000 per month.
