SB Money Sapphire Savings Account

The SB Money Sapphire Savings Account is a premium savings account, with a monthly average balance (MAB) of just ₹10,000, you unlock a world of exclusive benefits and services that span across the country. This account is perfect for you if you desire a blend of luxury and convenience in your financial dealings. It comes packed with a suite of free services, including personal accident coverage, an International Platinum Debit Card, and various digital banking services. Whether you are looking to manage your daily transactions effortlessly or seeking additional financial products and services, the SB Money Sapphire account is designed to meet your needs. Embrace a banking experience that stands out, with the assurance of top-notch services and unparalleled convenience. Read more

Why this account is for you

Build your future with our savings accounts

Maintain a monthly average of ₹10,000 for a seamless nationwide banking experience

Enjoy a free Platinum Debit Card and avail demand drafts up to ₹50,000 at no extra cost

Use exclusive apps for mobile banking and experience quick cheque collections across branches

Banking that rewards you 

Discover our special and exclusive offers made for you 

SaffronStays
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Book a minimum of 3 nights at SaffronStays and avail a 15% discount up to ₹15,000*

SaffronStays
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Book a minimum of 2 nights at SaffronStays and avail a 10% discount up to ₹7,500*

Paneer Wrap
Mc Delivery

Get Big Spicy Paneer Wrap/Big Spicy Chicken Wrap On Purchase of ₹ 399 

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SB Money Sapphire Savings Account
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Documents required

Existing customer
  • 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 a SB Money Sapphire 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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Explore other options for you

Trusted by thousands and handpicked for financial excellence

SB Money Platinum Savings Account

  • Maintain a monthly average balance of ₹3,00,000
  • Earn up to 4.5% p.a. interest
  • Personal accident insurance cover of ₹10,00,000

SB Money Ruby Savings Account

  • Maintain a monthly average balance of ₹1,00,000
  • Earn up to 4.5% p.a. interest
  • Personal accident insurance cover of ₹10,00,000

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Got questions? We’ve got answers.

Is the personal accident coverage available for all account holders in a joint account?

No, the free personal accident coverage of ₹72,00,000 is available only for the first holder in a joint account. It’s a significant benefit, providing financial security in case of accidents.

he MAB requirement is ₹10,000. Failing to maintain this balance may result in service charges. Maintaining the MAB ensures you enjoy all the premium benefits that come with the account.

You have access to a wide range of financial products and services including Demat and Trading Accounts, Mutual Funds, Insurance options, e-tax payment services, ASBA, Gift and Travel cards, co-branded credit facilities, safety deposit lockers and more.

Enjoy a 4.5% per annum with the SB Money Sapphire Savings 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.

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 Sapphire 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.

Make the most of your Privileged Savings Account

The SB Money Sapphire Savings Account offers a free Platinum 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 Sapphire 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.