KBL Corporate Salary Account
This account is designed to simplify and enhance the way corporations manage salaries and crafted for the unique needs of your business. Run operations smoothly with multiple account variants to choose from that are tailored to various kinds of corporates. We offer the convenient banking on-the-go and zero minimum balance, along with multiple perks and value-added benefits. With perks like unlimited ATM transactions and comprehensive mobile banking, the KBL Corporate Salary Account is a reliable and user-friendly approach to managing your salary expenses. Read more
Easy and flexible salary management anytime, anywhere
Stress-free banking with no minimum balance requirements
Benefit from concessions on loans, locker rent and more
Your professional needs are our priority
Discover our salary account variants and optimize your earnings
Delite
- Gross salary range:
₹50,000 to ₹1,00,000 - Concessions on fees for retail loans
50% - Free RuPay NCMC Platinum International Debit Card
Pride
- Gross salary range:
₹20,000 to ₹50,000 - Concessions on fees for retail loans
100% - Free RuPay NCMC Platinum International Debit Card
Ultimate
- Gross salary range:
₹1,00,000 and above - Concessions on fees for retail loans
100% - Free RuPay NCMC Platinum International Debit Card
Eligibility criteria
For employees
- Any salaried individual who intends to get their salary credited to Karnataka Bank even if their employer does not have a salary account relationship with the bank.
For employers
- If an employer has a CASA account with Karnataka Bank, they can provide this zero balance salary account facility to some or all of their employees.
Documents required
- 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)
- Self-attested copy of PAN or duly filled Form 60
- Letter from employer
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Visit any bank branch or click here to be directed to the online application portal.
You will need to provide a scanned or soft copy of your KYC documents. If you are an employee, will also need to provide proof of employment as per norms and salary proof. Additionally, common documents required for opening a salary account include the application form, latest passport-size photographs, appointment letter (as proof of employment with the company), and proof of identity & address (e.g., PAN Card, Aadhaar Card, Voter ID Card, Driving License, Passport).
You will receive a 4.5% interest rate per annum with our salary accounts.
Yes, you can change your type of salary account. Please visit your nearest branch to change your account variant.
The Executive salary account offers benefits such as managing salaries of ₹1,00,000 and above, free cash transactions, international debit card with no annual maintenance charges, purchase protection, free demand drafts, no annual maintenance charges for Demat & Trading Account, jewelry insurance, personal accident death cover, 100% waiver on loan processing charges and more.
Salaries are typically credited to corporate salary accounts based on the employer's payroll cycle, which is usually monthly. The exact crediting schedule can be coordinated with the employer's finance department.
Yes, if you leave your current employer, a corporate salary account can usually be converted to a regular savings account. You may need to inform the bank to reclassify your account, and it will then be subject to the terms and conditions applicable to personal savings accounts.
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 corporate salary account is specifically designed for employees to receive their salaries. It usually offers benefits like zero minimum balance requirements, lower fees, and additional perks like discounted loan rates or free financial products, tailored to the corporate tie-up between the bank and the employer. On the other hand, a savings account is a general-purpose account open to anyone, designed for saving money and earning interest.
