​​​​​​​KBL Tarun Student Savings Account

The KBL Tarun Student Savings Account is made just for you if you are a student between 18 and 25 years old. This zero balance account for students makes banking easy, letting you handle your money at any branch. It’s perfect for keeping track of your daily spending, saving up for school, or getting ready for your future. Starting to save money at a young age is a smart move. It teaches you how to be careful with money and helps you get ready for the future. With this account, you are not just keeping your money safe; you are learning how to be smart with your finances. Start your journey to saving money and being smart with your spending with KBL Tarun, and build a strong base for a secure future with money. Read more

Why this account is for you

Build your future with our savings accounts

No minimum balance and easy banking for students with limited funds

Free debit card, demand drafts and fund transfers from parents upto ₹50,000*

Simplified account setup for students aged 18-25 with banking from any branch

Smooth money transfers

Transfer funds quickly within the bank for free parental transfers, and benefit from one complimentary NEFT transaction per month and swift inter-bank transfers via RTGS/IMPS.

Enjoy account convenience

Stay connected with free mobile apps like mPassBook, ApnaApp, and BHIM KBL (UPI), along with SMS alert facilities upon subscription.

User-friendly banking

Avail digital banking with free internet and mobile banking services, alongside handy mobile apps for on-the-go account management.

No minimum balance

Experience hassle-free banking without the need to maintain a minimum balance in your account.

Debit card advantage

Receive a debit card free of charge for the first year, giving you easy access to your account and a convenient way to make purchases.

Student-focused services

Take advantage of services tailored for students, including free demand drafts for educational payments, account portability, and 25 free cheque leaves per year.

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 

SaffronStays
SaffronStays logo

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

SaffronStays
SaffronStays logo

Book a minimum of 2 nights at SaffronStays and avail a 10% discount up to ₹7,500*

Paneer Wrap
Mc Delivery

Get Big Spicy Paneer Wrap/Big Spicy Chicken Wrap On Purchase of ₹ 399 

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.

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Documents required

  • Student ID is mandatory
  • Self-attested copy of PAN or duly filled Form 60
  • Two recent color photographs of the applicant
  • Signature/thumb impression of the applicant on the signature card
  • 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 Tarun Student 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

As easy as

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Got questions? We’ve got answers.

Is there a minimum balance requirement for this account?

No, the KBL Tarun Student Savings Account does not require you to maintain a minimum balance, allowing you to manage your finances without any additional stress.

You will require Proof of Identity (aadhar card, PAN card, driver’s license) and relevant KYC documents along with your school/college ID to open this account.

Enjoy a 4.5% per annum with the KBL Tarun Student Savings Account

The account comes with a debit card that is free for the first year, allowing you easy access to your funds and a convenient method for making purchases.

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, students can avail themselves of KBL Gift Cards, Travel Cards, a KBL Demat Account, various insurance plans including Life, Personal Accident, General, and Health Insurance at nominal annual premiums available on request.

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 Tarun Student 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.

Why a zero balance savings account is a smart choice for students

Opening a savings account tailored for young students is a crucial step towards financial literacy and independence. Karnataka Bank offers the KBL Tarun Student Savings Account, a zero balance savings account for students, designed to meet their unique financial needs. This account encourages students to develop a habit of saving money from a young age, providing them with a sense of responsibility and control over their finances. With no requirement to maintain a minimum balance, it becomes accessible and convenient for students to manage their funds. Additionally, having a savings account helps inculcate the value of money management, paving the way for a secure financial future.

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 Tarun Students 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.