SB Money Platinum Savings Account
Step into a world of opulence with the SB Money Platinum Savings Account, designed for High Net Worth Individuals (HNIs) who demand nothing but the best. With a Monthly Average Balance of just ₹3 lakhs, this account unlocks a treasure trove of benefits and premium services, ensuring your banking experience is nothing short of extraordinary. Enjoy the privilege of a free Platinum International Debit Card, unlimited access to our sophisticated digital banking solutions, and the convenience of free transactions across all branches. Experience the luxury of earning up to 4.50% interest p.a. on your savings. this account is not just a financial tool; it’s a statement of your success and a testament to your exquisite taste. Read more
Why this account is for you
Build your future with our savings accounts
Keep a monthly average of ₹3,00,000 to unlock many complimentary banking services
Enjoy free demand drafts from any branch and experience swift inter-bank transfers via RTGS & NEFT
Enjoy banking with a Platinum International Debit Card and exclusive mobile apps, including mPassBook and BHIM KBL UPI
A century of trust, now at your fingertips
Travel, shop, or pay bills—all in one app. Experience KBL Mobile Plus today.
Available on Google Play Store and App Store.
No hidden fees
We prioritize clean and honest banking. What you see is what you get.
100%
transparent
& upfront
Documents required
- Customer ID (CIF ID)
- Officially valid ID document as proof of address and proof of identity (Aadhaar card, PAN card, valid passport, driving license, voter ID, NREGA job card duly signed by state government officer, NPR or UIDAI letter mentioning name and address)
- Officially valid ID document as proof of address and proof of identity (Aadhaar card, PAN card, valid passport, driving license, voter ID, NREGA job card duly signed by state government officer, NPR or UIDAI letter mentioning name and address)
As easy as 1,2,3...
Apply for an SB Money Platinum Savings Account in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your account is opened
Explore other options for you
Trusted by thousands and handpicked for financial excellence
Simplify banking with easy reads
Bite-sized resources that keep you informed
Got questions? We’ve got answers.
The account includes complimentary personal accident coverage of ₹10,00,000 for the first account holder, offering financial security and peace of mind.
The card provides global access to your funds, exclusive benefits, and enhances your spending power, embodying the luxurious lifestyle that comes with the SB Money Platinum account.
The account portability facility allows you to transfer your account from one branch to another while retaining the same account number, ensuring convenience and continuity in your banking relationship.
Enjoy a 4.5% per annum with the SB Money Platinum Savings Account.
You have access to a wide range of financial products and services, including KBL Demat and Trading Accounts, Mutual Funds, various insurance options, e-tax payment services, Safe Deposit Locker facility, and a Co-branded Credit Card, providing a comprehensive banking experience.
If you have lost your debit or credit card, or if it has been stolen, you should immediately report the incident to Karnataka Bank to ensure your account's security. You can send an email to info@ktkbank.com detailing the situation. Alternatively, you can call our toll-free customer numbers at 1800 425 1444 or 1800 572 8031. Prompt reporting is crucial to prevent any unauthorized transactions and to secure your account.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
A savings account is designed for individuals who want to save money and earn interest on their deposits. In contrast, a current account is geared towards businesses and individuals who require frequent and high-volume transactions without interest earnings. Current accounts often come with facilities like overdrafts to accommodate the fluid nature of business transactions.
Your savings account earns interest by applying the annual interest rate to the daily collected balance in your account. The interest is usually compounded quarterly and credited to your account, contributing to the growth of your savings over time.
The MAB for your SB Money Platinum Savings Account is calculated by adding the closing balance of each day in a month, then dividing that total by the number of days in the month. This figure represents the average balance you've maintained throughout the month.
The SB Money Platinum Savings Account offers a free International Debit Card, which provides customers with options for both international and domestic debit cards. The main difference between the two is where they can be used. A domestic debit card is typically limited to transactions within the same country, while an international debit card allows you to make transactions and withdraw cash anywhere in the world. The international card is handy for those who travel abroad frequently or make online purchases from international websites, providing greater flexibility and convenience. However, it might come with higher fees compared to the domestic card, which is something to consider based on your needs.
Interest rates represent the percentage at which your money grows when deposited or invested. In the context of general savings accounts, choosing the right bank with a favorable interest rate is essential. Karnataka Bank offers a competitive 4.5% interest rate per annum on the SB Money Platinum Savings Account. This means that your savings will increase by 4.5% annually, helping your money work for you. Opting for a savings account with a high interest rate like this can significantly guarantee your financial security for your future.
