SB Sugama Zero Balance Account

The SB Sugama account is a zero-balance account designed to be accessible to every citizen, aiming to reach a vast population across Karnataka. This account is for you if you are looking for simplicity and convenience in banking, without the need to maintain a minimum balance. It’s a no-frills account, ensuring that banking services are available to all, regardless of their financial status. With features like ATM/Debit Card access, cheque book facility, and the ability to collect outstation cheques, it provides the essential services needed for daily transactions. Additionally, the account offers nomination facilities and a passbook to keep track of your transactions. Read more

Why this account is for you

Build your future with our savings accounts

No worries about minimum balance to start saving

Upto 4 monthly withdrawals and basic banking with debit card, cheque book and more

A savings account made to reach a vast section of the population

Zero balance requirements

Open and maintain your account without worrying about a minimum balance.

Easy and smooth cash withdrawals

Maximum of four cash withdrawals allowed per month, catering to your essential transaction needs.

All banking essentials included

Access to ATM, debit card, passbook, and cheque book facility for your convenience.

Simple cheque book services

Avail the facility to collect outstation cheques, and write cheques with our own cheque book.

Nomination facility

Secure your account by adding a nominee to your account with a nomination facility.

Stay protected with special insurance schemes

Benefit from unique insurance schemes like KBL Suraksha, PMJJBY, and PMSBY for added security.

KBL Suraksha

KBL Suraksha is an unique personal accident insurance scheme for ​​​​​​​SB Small Savings Account holders. Provided in partnership with Universal Sompo General Insurance Co. Ltd, this coverage protects you while you bank with us.

PMJJBY scheme

Ensure social security with the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme. Any individual between the age group of 18-50 can enroll. Get an assured sum of up to ₹2,00,000 in the event of death.

PMSBY scheme

Insure yourself today with the Pradhan Mantri Suraksha Bima Yojana PMSBY scheme, covering any individual between the age group of 18 to 70, in the event of accidental death or handicapped for life.*



*Subject to the scheme conditions

Banking that rewards you 

Discover our special and exclusive offers made for you 

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

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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 Sugama Zero Balance 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

As easy as

Explore other options for you

Trusted by thousands and handpicked for financial excellence

SB Sugama Zero Balance Savings Account

  • Zero minimum balance
  • Earn up to 4.5% p.a. interest
  • Unique insurance schemes with special benefits

KBL Tarun Zero Balance Account for Students

  • Zero minimum balance
  • Earn up to 4.5% p.a. interest
  • Special benefits for young students

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Got questions? We’ve got answers.

How can I open an SB Sugama account?

For details on opening an account, please contact your nearest Karnataka Bank branch and get started.

Yes, you will have access to an ATM/Debit Card with the SB Sugama account.

No, immediate credit for outstation cheques is not a facility included with this account.

Enjoy a 4.5% per annum with the SB Sugama Zero Balance Account.

You can track your transactions using the provided passbook, and you also have the option to receive free monthly e-statements if you register.

The SB Sugama account offers access to unique insurance schemes for added financial security. This includes KBL Suraksha, a personal accident insurance scheme, as well as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), which provide life and accident insurance coverage respectively.

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 Sugama Zero Balance 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.

The benefits of a opening a zero balance savings account

SB Sugama offers the convenience of a zero balance account, eliminating the worry about maintaining a minimum balance. This zero balance bank account is perfect for those who desire a basic savings account with the flexibility of no minimum balance requirements. Opening a zero balance account is now more accessible and hassle-free than ever.

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 Sugama Zero Balance 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.