Future-proof Your Savings with Karnataka Bank

You will require Proof of Identity (aadhar card, PAN card, driver’s license) and relevant KYC documents to open a savings account. If you are an existing customer, you would need to provide the relevant credentials registered with us.

The minimum balance required for our Savings Accounts varies depending on the type of account you choose. Premium accounts like Sapphire, Ruby, and Platinum Privileged Savings Accounts require a specific minimum balance. However, accounts like the SB Sugama General Savings and KBL Genius Student Savings offer zero balance convenience. For more flexibility, our SB General Savings Account has variable minimum balance options. We ensure that your choice fits your financial needs by providing a range of options.

Yes, you can change your type of savings account. Please visit the branch to change your savings account variant.

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.

Typically, our savings accounts come with several value-added services like KBL Suraksha, a unique personal accident insurance scheme and social security schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Additionally, services like KBL Demat Account, Gift Cards, Travel, e-tax payment services, co-branded credit facilities, and optional safe deposit lockers are subject to availability depending on the specific 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 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.