Current Account Purple Privilege
Suitable for medium and large entrepreneurs, like super markets, medical shops, jewellers, textile showrooms, etc.
Why this account is for you
Unlocking growth for ambitious businesses
Avail free interbank funds transfer through RTGS/NEFT/IMPS
Monthly free cash deposit up to 15 times of the previous month’s average credit balance up to maximum of ₹1.5 crore
Avail free 100 cheque leaves per month
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As easy as 1,2,3...
Apply for a Current Account Purple Privilege 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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Purple Privilege caters to mid-large businesses with free transfers, high deposits, POS, gateway, and loan fee waiver.
You need to maintain an average monthly balance of ₹50,000 in rural/semi-urban areas or ₹1,00,000 in urban/metro areas.
Cash deposits are free up to 15 times of the previous month’s average credit balance. (up to ₹1.5 crore).
You get comprehensive online and mobile banking facilities, including a free Android mPassBook app, for managing your account remotely.
Yes, personalized cheque books are available, and you can deposit cheques at any branch for fast collection.
Yes, you can subscribe to SMS alerts for transactions and receive free monthly e-statements for easy account tracking.
Missed call banking allows you to get account info like balance and mini-statement by giving a missed call to specific numbers.
The account includes facilities like ASBA, POS Machine facility, and a payment gateway facility, enhancing your business transaction capabilities.
The Current Account Purple Privilege caters to ambitious medium and large enterprises like yours. Enjoy free unlimited online transfers, high cash deposit limits, and 100 free cheques monthly. Streamline payments with free POS terminal rental and Payment Gateway integration. Boost financial health with 100% waiver on MSME loan processing fees. Grow fearlessly with Purple Privilege.
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.
