SB Instant Savings Account
The SB Instant Savings Account is a convenient and user-friendly way to manage your finances from any location that suits you best. Whether you are at home, at the office, or on the move, you can open a savings account online with ease. The entire process is paperless, ensuring a smooth and hassle-free experience without the need for a branch visit. You can complete your KYC verification through a secure video call, making the process quick and efficient.This account is perfect for you if you value accessibility, as it provides 24x7 mobile and internet banking facilities, allowing you to manage your finances at any time. With the instant account opening feature, you can start using your account right away. You have the freedom to choose your preferred branch and enjoy the convenience of completing KYC verification remotely. As a practical and straightforward banking solution, this account is designed to cater to your everyday banking needs, whether you are a student, a working professional, or a senior citizen.Read more Read less
Why this account is for you
Build your future with our savings accounts
Open your SB Instant Savings Account seamlessly from home or on-the-go, online
Complete essential verification without visiting a bank branch
Enjoy convenient account opening, doorstep debit card delivery, and 24x7 mobile banking
Banking that rewards you
Discover our special and exclusive offers made for you
A century of trust, now at your fingertips
Travel, shop, or pay bills—all in one app. Experience KBL Mobile Plus today.
Available on Google Play Store and App Store.
No hidden fees
We prioritize clean and honest banking. What you see is what you get.
100%
transparent
& upfront
Documents required
- PAN card
- Aadhaar card
- Mobile number linked to Aadhaar
As easy as 1,2,3...
Apply for a SB Instant Savings Account in 3 simple steps
Step 1
Start with your basic details
Provide your basic details and keep your documents handy
Step 2
Verify your details
Verify your details and pay processing fees
Step 3
Upload documents
Upload the documents and wait for us to send you a confirmation
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Got questions? We’ve got answers.
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. Tt 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.
Enjoy a 4.5% per annum with the SB Instant Savings 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 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. With open savings account online, access your finances anywhere, anytime.
