Open a Savings Account in a Breeze

Video KYC, or Video Customer Identification Process (V-CIP), is a digital method for face-to-face identity verification through a video call conducted by a bank's KYC Agent. It is considered equivalent to full-KYC, providing a convenient way to open your account from anywhere.

If there are connectivity issues or other disruptions, the bank agent will mark your Video-KYC as pending and resend the link to complete the process. Alternatively, you can retry by visiting the bank’s website, entering your mobile number and email ID to receive an OTP, and proceed to the Video KYC screen.

Ensure a stable internet connection and use a device like a desktop, laptop or mobile with a camera and microphone. Provide access to your location and camera, have your mobile number linked to Aadhaar along with your PAN card, Aadhaar card, a white paper and a blue pen.

You or anyone else can deposit money using your account number, IFSC code, or UPI. Withdrawals are possible through debit card, cheque book, cardless withdrawal, or online transfers after completing Video KYC. You can also visit a bank branch for cash withdrawals.

To open this account online, initiate the process through Aadhaar OTP-based E-KYC. After opening the account, you can immediately call our Video KYC agent or schedule a call during working hours (10 am to 5 pm) to convert your account to your preferred SB account scheme. Upon successful validation through Video KYC, your account will be activated and upgraded. A welcome kit from Karnataka Bank will be sent to your registered mailing address once the full KYC process is complete.

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.

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 Instant 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.

Know Your Customer (KYC) is a robust process that verifies the identity and legitimacy of the person opening a bank account. When you to open a bank account online with Karnataka Bank, KYC procedures become a efficient way to authenticate your details. KYC involves verifying your identity, address, and financial information, preventing fraud and ensuring compliance with regulatory standards. By simplifying the process to open a bank account online, this mechanism becomes a convenient way for customers to access essential financial services and use our services easily.

Embrace the ease of digital banking with SB Instant Savings Account. Open a savings account online with no hassle, benefiting from our streamlined online saving account opening process. Open savings account online, access your finances anywhere, anytime.