Product Details
Bank Name
Karnataka bank
Account Name
SB Kishore
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
Free for First Year
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Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Rs. 200 (2nd Year onwards)
NEFT Charges
Free through internet banking and mobile banking
IMPS Charges
Not available.
Fees and Charges
SB Kishore
Special Features
Free Demand Drafts for exam fees, prospectus fees, tuition fees, etc. Free Mobile App with mPassBook facility.
Eligibility Criteria
Savings bank account for students between the age of 10 years and 18 years.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
A free debit card is available with a “per day” cash withdrawal limit of ₹10,000 and an online transaction/purchase limit of ₹5,000.
Free transfer of funds up to ₹50,000/- per month from the parent’s account to the student’s account.
No minimum balance requirement.
Cons
Low online transaction and purchase limit of Rs. 5,000
No IMPS facility is available.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
1. Visit a Karnataka Bank Branch:
Locate the nearest Karnataka Bank branch to you.
2. Required Documents:
Proof of Identity:Aadhaar Card
PAN Card (or Form 60 if you don't have a PAN)
Passport
Voter ID
Driving License
Proof of Address:Aadhaar Card
Passport
Voter ID
Driving License
Utility bills (recent)
Student ID: A valid student ID card from your school or college.
Photographs: Two recent passport-sized photographs.
3. Account Opening Form:
Obtain an account opening form from the bank representative.
Fill in the form accurately and completely with all the required details.
4. Submit Documents and Open Account:
Submit the completed form and all the required documents to the bank representative.
The bank representative will guide you through the account opening process.