Money Pearl Current Account
Karnataka Bank’s Money Pearl Current Account is a versatile banking solution designed to cater to the diverse needs of micro and small enterprises across various sectors, including retail, hospitality, and healthcare. This account is tailored to support the financial operations of businesses, such as petrol pumps and furniture shops, with an emphasis on easy transactions and efficient money management. It offers a balanced blend of traditional banking services and modern digital features, aimed at enhancing the daily financial handling for business owners. Read more
Why this account is for you
Focus on your business needs without worries
Deposit up to ₹1,50,000 daily for free, ideal for high-cash businesses
Enjoy 20 free IMPS/RTGS/NEFT transactions monthly, making interbank transfers hassle-free
Use the free Platinum Debit Card for higher transaction limits and wider acceptance
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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 Pearl 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 Pearl is a current account by Karnataka Bank for small businesses. It offers features like high cash deposit limits and free transactions, making business banking easier.
You need to keep an average monthly balance of ₹50,000. This ensures you enjoy all the premium benefits of the account.
The account gives you 50 free personalized cheque leaves each month, helping you manage cheque payments and collections efficiently.
Yes, you get 20 free interbank fund transfers each month through IMPS, RTGS, or NEFT, supporting your varied business transactions.
You can make 20 free demand drafts per month, with a daily limit of ₹2 lakhs, useful for large business payments.
The account includes full online and mobile banking facilities, along with useful apps, for easy financial management anytime, anywhere.
The free Platinum Debit Card comes with higher daily limits for cash withdrawals and transactions, boosting your spending capacity.
You get free SMS alerts, monthly e-statements, e-tax payment services, and more, all adding to a smooth banking experience.
No, all digital transactions, like using online or mobile banking, are free, making it cost-effective to manage your finances digitally.
From understanding what is current account to navigating the current account opening process, we provide a range of options. Explore the types of current account, including current account general for everyday needs and premium current account for more bespoke services. We make the process of how to open a current account straightforward, detailing the documents needed to open current account and specific current account requirements. Whether you're looking for a current account for startup or a robust current account for business, we have the right solution for you.
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.
