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Product Details
Bank Name

Karnataka Bank

Account Name

Karnatak Bank SB General Account

Account Type

Savings

Interest Rate

Up to INR 1 Lakh: 2.75%. Above INR 1 Lakh and up to INR 10 Lakh: 2.75%. Above INR 10 Lakh and up to INR 50 Lakh: 2.75%. Above INR 50 Lakh and up to INR 100 Lakh: 3.5%

Free Debit Card

KBL debit card

Karnatak Bank SB General Account
Account Opening Fees

INR 0

Annual Maintenance Fees

INR 0

Minimum Account Balance

Monthly Average Balance
Without Cheque book: INR 500 for urban, metro and semi-urban branches. INR 200 for all other branches.
With Cheque Book: INR 2,000 for urban, metro and semi-urban branches. INR 1,000 for all other branches.

Debit Card Charges

Free of cost first year after that INR. 200/-

NEFT Charges

Free if done online.

IMPS Charges

Free if done online.

Fees and Charges

Karnatak Bank SB General Account

85.7
Special Features

None. 

Eligibility Criteria

  • Indian resident.

  • Minimum age of 18.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros

  • Free NEFT and IMPS transfer if done online. 

  • Karnataka bank provides offers/discounts from time to time to its users. 

Cons

  • Limited value add features. 

  • Low interest rate. 

Karnatak Bank SB General Account

The account comes with low interest rate and minimal value add features.

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Account Opening and Procedure
How to open an Account?

Here's how to open a Karnataka Bank General Savings Bank Account:

1. Visit a Karnataka Bank Branch:

  • Locate the nearest Karnataka Bank branch to you.

  • Visit the branch during business hours.

2. Obtain an Account Opening Form:

  • Request an account opening form from the bank counter.

  • Fill out the form accurately with your personal details.

3. Submit Required Documents:

  • Identity Proof:Aadhaar Card
    PAN Card
    Voter ID
    Passport
    Driving License

  • Address Proof:Aadhaar Card
    Passport
    Driving License
    Utility bills (electricity, water, gas)
    Rental agreement

  • Photographs: Two passport-sized photographs.

4. Make an Initial Deposit (Optional):

  • While not mandatory, it's advisable to make an initial deposit to activate the account.

  • The minimum balance requirement may vary, so inquire at the branch.

5. Account Activation:

  • The bank will verify your documents and activate your account.

  • You will receive your account number, passbook, and other relevant details.

Application Procedure
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