KBL Vanitha Women’s Savings Account
The KBL Vanitha Women's Savings Account stands out as a tailored solution for women looking to secure their savings and manage their wealth with confidence. It designed to encourage you, as a woman, to empower you to take control of your financial future without any apprehensions about wealth management. This account is available to all women aged 18 years and above, and you even have the option to open a female-only joint account. A special feature of this account is the complimentary All Risk insurance cover for jewelry, which adds an extra layer of security and peace of mind to your financial life. This cover protects your jewelry against a variety of risks, including snatching during travel, theft during hotel stays, and burglary at home, up to a limit of ₹50,000. This benefit is exclusively available to you as the primary female account holder, ensuring that your valuables are protected and your savings are secure. Read more Read less
Why this account is for you
Build your future with our savings accounts
Open to all women aged 18+ with female-only joint access
No joining fees in the first year, with 24x7 online banking and instant fund transfers
Free 'All Risk' cover for ₹50,000* including loss due to traveling or theft
Banking that rewards you
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Documents required
- 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 KBL Vanitha Women’s 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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Got questions? We’ve got answers.
Enjoy a 4.5% per annum with the KBL Vanitha Women’s Savings Account.
You will require Proof of Identity (aadhar card, PAN card, driver’s license) and relevant KYC documents to open this account.
Maintain easy monthly average balances of ₹2000 in Metro/Urban areas or ₹1000 in Semi-Urban/Rural areas to enjoy the numerous perks of this account.
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.
Yes, the SB General Savings Account offers several value-added services like KBL Suraksha, social security schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)and Pradhan Mantri Suraksha Bima Yojana (PMSBY) along with a exclusive all risk insurance coverage for
your jewelry. Additionally, services like KBL Demat Account, Gift Cards, Travel, e-tax payment services, co-branded credit facilities, and optional safe deposit lockers enhance the banking experience, providing comprehensive solutions to meet various needs. For more details, visit your nearest branch.
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 KBL Vanitha Women’s 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.
Financial independence is crucial for women as it empowers them to take control of their lives, make informed decisions, and secure their future. Achieving financial independence enables women to build confidence, establish security, and create a sense of empowerment. It also contributes to breaking down societal barriers and promoting gender equality. The best savings account for women is the KBL Vanitha Women’s Savings Account because it also serve as a tool for financial literacy, helping women understand the nuances of banking and wealth management. This is particularly important as women have historically been underrepresented in financial decision-making processes. By offering these tailored solutions, Karnataka Bank aims to play a crucial role in bridging the gender gap in financial literacy and empowerment.
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 KBL Vanitha Women’s 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.
