KBL Genius Savings Account
The KBL Genius Savings Account is made just for you if you are a student between 18 and 25 years old. This zero balance account for students makes banking easy, letting you handle your money at any branch. It’s perfect for keeping track of your daily spending, saving up for school, or getting ready for your future.Starting to save money at a young age is a smart move. It teaches you how to be careful with money and helps you get ready for the future. With this account, you are not just keeping your money safe; you are learning how to be smart with your finances. Start your journey to saving money and being smart with your spending with KBL Genius, and build a strong base for a secure future with money Read more
Why this account is for you
Build your future with our savings accounts
Avail an education loan up to ₹2 crore with KBL PEAK and KBL Genius Advantage
100% waiver on processing fees for two-wheeler loans with KBL Genius Advantage
Free cyber insurance coverage up to ₹50,000 for secure transactions with KBL Genius Advantage
Choose your flavor
Choose the KBL Genius savings account that best suits your needs
Genius account
Advantage
- Avail an education loan with KBL PEAK
Up to ₹2 crore - Processing fee waiver on two wheeler loan
- Free cyber insurance coverage for secure transactions
Up to ₹50,000 - Access international lounges with a free NCMC RuPay Platinum International Debit Card
Genius account
Signature
- Zero minimum balance
- Get a NCMC RuPay Domestic Debit Card free of charge for the first year
- Simple setup for students
Features
Seamless payments for your modern lifestyle
Get a free NCMC RuPay Platinum International Debit Card with KBL Genius Advantage and pay effortlessly for metro rail, utility bills, and more.
No hidden fees
We prioritize clean and honest banking. What you see is what you get.
100%
transparent
& upfront
Documents required
- Student ID is mandatory
- Self attested copy of PAN or duly filled Form 60
- Two recent color photographs of the applicant
- Signature/thumb impression of the applicant on the signature card
- 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)
- Proof of student status (student ID card or enrollment receipt)
- KYC documents
As easy as 1,2,3...
Apply for a SB General 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
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Got questions? We’ve got answers.
The KBL Genius Savings Account is available for students and young individuals aged 18-25 years.
The KBL Genius Savings Account comes in two variants KBL Genius Signature and KBL Genius Advantage. While Genius Signature is aimed at
young individuals with basic banking needs, Genius Advantage is a more premium account offering additional benefits, including lounge access,
accident cover, cyber insurance, and waiver on loan processing charges.
There is no minimum MAB requirement for KBL Genius Signature. For KBL Genius Advantage, there is a minimum MAB requirement of ₹5,000 if you
do not maintain an education loan or a ₹1 lakh fixed deposit with Karnataka Bank.
Yes, joint accounts can be opened with KBL Genius Savings Account if the primary account holder is a student aged 18 to 25 years.
For KBL Genius Signature, you get a Visa Classic or NCMC RuPay Domestic Debit Card free of charge for the first year. For KBL Genius Advantage,
you get a free NCMC RuPay Platinum International Debit Card.
KBL Genius Signature requires no minimum balance, whereas KBL Genius Advantage has flexible conditions, including a required minimum
balance, education loan, or fixed deposit. KBL Genius Advantage also includes benefits like cyber insurance, debit card perks, and waived
processing fees on two-wheeler loans.
The KBL Genius Advantage debit card offers personal accident coverage up to ₹2 lakh, quarterly domestic and yearly international lounge access,
and a monthly Swiggy discount of 20% on orders over ₹129 (capped at ₹100).
For KBL Genius Signature, charges are applicable when you subscribe to SMS alerts. For KBL Genius Advantage, unlimited SMS alerts are provided
free of charge.
The KBL Genius Advantage variant provides cyber insurance coverage up to ₹50,000 for unauthorized transactions.
Upon turning 25, the KBL Genius Savings Account will automatically convert to a regular savings account (SB General Savings Account) without
any migration charges. The account holder will be notified via SMS or email prior to this transition.
For KBL Genius Signature, standard processing charges apply for loans. KBL Genius Advantage account holders get a 100% waiver on processing
charges for two-wheeler and education loans (T&C apply).
You will require proof of student status (student ID card or enrollment receipt) and relevant KYC documents (Aadhaar card, voter ID, PAN card,
passport) to open this account.
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 4.0% interest rate per annum on the KBL Genius Advantage Savings Account. This means that your savings will increase by 4.0% 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.
