Product Details
Bank Name
Karnataka bank
Account Name
SB Money Saphire (Privilege)
Account Type
Savings
Interest Rate
Upto 50 lacs- 2.75% p.a
50 Lacs - 1 Cr : 3.50%
Above 1Cr: 4.50%
Free Debit Card
Yes, eligible for a free international platinum card.
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Account Opening Fees
0
Debit Card Charges
0
Annual Maintenance Fees
0
NEFT Charges
Free for Internet Banking, Mobile Banking, UPI App
Minimum Account Balance
Monthly average balance of 10,000
IMPS Charges
Free for Internet Banking, Mobile Banking, UPI App
Fees and Charges of
SB Money Saphire (Privilege)
SB Money Saphire (Privilege)
Special Features
Free international debit card.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
SB Money Saphire (Privilege)
Pros & Cons of
Pros
Free Platinum International debit card.
Internet/Mobile Banking facility.
Free Demand Drafts of ₹50,000/- can be purchased at any branch (supported by cheque).
Free mobile apps: mPassBook, BHIM KBL UPI APP.
Free monthly e-statements.
Cons
SB Money Saphire (Privilege)
SB Money Saphire (Privilege) Review
The account comes with low interest rate and offers average 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
SB Money Saphire (Privilege)
Account Opening and Procedure of
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.