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Product Details
Bank Name
Karnataka bank
Account Name
Account Type
Savings
Interest Rate
Earn up to 4.50% interest p.a.
Free Debit Card
Free for First Year
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
NA
Fees and Charges
SB Kishore
Special Features
Free Demand Drafts for the purpose of exam fee, prospectus fee, tuition fee etc.
Free Mobile App – 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
•Free Debit Card available with “per day” cash withdrawal limit of ₹10,000 and online transaction/purchase limit of ₹5,000.
•Free transfer of Funds up to ₹50,000/- per month from parent’s Account to the student’s Account.
•Free Demand Drafts for the purpose of exam fee, prospectus fee, tuition fee etc.
• No minimum balance requirement.Simplified Account opening procedures.
Free Mobile App – mPassBook facility.
Cons
•No RTGS service.
•low online transaction and purchase limit of Rs. 5,000
• No IMPS facility available.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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