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
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Account Opening Fees
INR 0
Debit Card Charges
Free of cost first year after that INR. 200/-
Annual Maintenance Fees
INR 0
NEFT Charges
Free if done online.
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.
IMPS Charges
Free if done online.
Fees and Charges of
Karnatak Bank SB General Account
Karnatak Bank SB General Account
Special Features
None.
Eligibility Criteria
Indian resident.
Minimum age of 18.
Benefits
Features, Eligibility and Benefits of
Karnatak Bank SB General Account
Pros & Cons of
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
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
Review of
Karnatak Bank SB General Account
Account Opening and Procedure of
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.