Money Ruby Current Account
The Money Ruby Current Account is ideal for growing medium-sized businesses, like hotels and transport operators. It's designed to handle larger transactions smoothly, with a monthly balance of ₹1,00,000. This account simplifies your business banking with features like high cash deposit limits and supporting your financial management with efficient fund transfers. With Money Ruby, your business gets the right tools for easy and professional financial handling. Read more Read less
Why this account is for you
Focus on your business needs without worries
Full access to internet and mobile banking services with us
Benefit from the Platinum Debit Card, offering extensive transaction limits for your business needs
Deposit up to ₹3 lakh daily for free and manage cash flows
Banking that rewards you
Discover our special and exclusive offers made for you
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Documents required
- PAN card
- Aadhaar card
- Udyam registration certificate
- Customer ID or Debit card number
- Scanned or soft copy of KYC documents
- PAN card
- Aadhaar card
- Udyam registration certificate
- Scanned or soft copy of KYC documents
As easy as 1,2,3...
Apply for a Money Ruby Current Account in 3 simple steps
Step 1
Start with your basic details
Provide your basic details and keep your documents handy
Step 2
Verify your details
Verify your details and pay processing fees
Step 3
Upload documents
Upload the documents and wait for us to send you a confirmation
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Got questions? We’ve got answers.
Money Ruby is a current account for medium businesses. It helps manage big transactions and provides lots of free banking services to support your business.
You need to keep an average monthly balance of ₹1,00,000, which helps you use all the premium benefits we offer for your business.
No, you can deposit up to ₹3,00,000 daily without extra fees. It's great for businesses with a lot of daily cash transactions.
You get 100 free personalized cheque leaves every month, making it easier for you to handle cheque payments and collections.
The account offers 60 free interbank fund transfers each month via RTGS or NEFT, helping you move money effortlessly for business purposes.
Yes, you can create 20 free demand drafts per month with a daily limit of ₹5 lakhs, suitable for your important business payments.
The included Platinum Debit Card gives you higher limits for daily transactions, making it ideal for your growing business needs.
Yes, all your online and mobile transactions are free, so you can manage your finances digitally without extra costs.
Yes, you get free SMS alerts, e-statements, e-tax payment services, and more, all designed to make banking smoother for you.
ASBA (Applications Supported by Blocked Amount) is a facility that allows you to apply for IPOs or other investments without paying upfront. The amount stays in your account and gets blocked for the application. It's only debited if your application is successful. This feature is great for businesses looking to invest without impacting their cash flow.
Current accounts at Karnataka Bank are tailored for businesses, traders, and professionals who require frequent banking transactions. These accounts offer high transaction limits, enabling seamless handling of day-to-day financial operations. Maximize your business's potential with Money Ruby, the best current account for small business owners. It’s designed to meet the unique needs of burgeoning enterprises, streamlining your financial transactions and providing essential banking services.
Karnataka Bank’s current accounts streamline your business transactions. With features like multi-location access, online payments, and real-time transaction tracking, managing business finances becomes more efficient and less time-consuming. The integration of these accounts with digital banking tools like the KBL Mobile Plus App ensures that you can oversee business transactions from anywhere, enhancing operational efficiency.
Do maintain the minimum balance as required by your current account to avoid charges. Regularly monitor your account to track business cash flow and use the overdraft facility judiciously. Don't use your current account for personal expenses, as this can complicate your financial management and accounting. Ensure that all transactions are in compliance with the terms and conditions of the account to avoid any service disruptions.
